v3.22.2.2
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
ASSETS    
Real estate securities, at fair value [1] $ 259,212 $ 377,411
Home equity investments [1] 340,437 192,740
Other investments [1] 412,762 449,229
Cash and cash equivalents [1] 297,092 450,485
Restricted cash [1] 71,996 80,999
Goodwill [1] 23,373 0
Intangible assets [1] 44,130 41,561
Derivative assets [1] 65,213 26,467
Other assets [1] 194,500 231,117
Total Assets [1] 13,145,947 14,706,944
Liabilities    
Short-term debt, net [1] 2,110,279 2,177,362
Derivative liabilities [1] 6,782 3,317
Accrued expenses and other liabilities [1] 201,125 245,788
Asset-backed securities issued (includes $7,564,312 and $8,843,147 at fair value), net [1] 8,139,293 9,253,557
Long-term debt, net [1] 1,534,226 1,640,833
Total liabilities [1] 11,991,705 13,320,857
Commitments and Contingencies (see Note 17) [1]
Equity    
Common stock, par value $0.01 per share, 395,000,000 shares authorized; 113,343,014 and 114,892,309 issued and outstanding [1] 1,133 1,149
Additional paid-in capital [1] 2,345,152 2,316,799
Accumulated other comprehensive loss [1] (64,935) (8,927)
Cumulative earnings [1] 1,197,428 1,316,890
Cumulative distributions to stockholders [1] (2,324,536) (2,239,824)
Total equity [1] 1,154,242 1,386,087
Total Liabilities and Equity [1] 13,145,947 14,706,944
Residential loans, held-for-sale, at fair value    
ASSETS    
Fair value of loans [1] 834,262 1,845,282
Residential loans, held-for-investment, at fair value    
ASSETS    
Fair value of loans [1] 4,918,294 5,747,150
Business purpose loans, held-for-sale, at fair value    
ASSETS    
Fair value of loans [1] 337,238 358,309
Business purpose loans, held-for-investment, at fair value    
ASSETS    
Fair value of loans [1] 4,919,980 4,432,680
Consolidated Agency multifamily loans, at fair value    
ASSETS    
Fair value of loans [1] $ 427,458 $ 473,514
[1] Our consolidated balance sheets include assets of consolidated variable interest entities (“VIEs”) that can only be used to settle obligations of these VIEs and liabilities of consolidated VIEs for which creditors do not have recourse to Redwood Trust, Inc. or its affiliates. At September 30, 2022 and December 31, 2021, assets of consolidated VIEs totaled $9,449,163 and $10,661,081, respectively. At September 30, 2022 and December 31, 2021, liabilities of consolidated VIEs totaled $8,448,479 and $9,619,347, respectively. See Note 4 for further discussion.

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