Investor Presentaiton
Balance Sheet by Quarter
READY CAPITAL.
(In Thousands)
Assets
Cash and cash equivalents
Restricted cash
Loans, net
Loans, held for sale, at fair value
Payment protection program loans, net
Mortgage backed securities, at fair value
Loans eligible for repurchase from Ginnie Mae
6/30/2020
9/30/2020
12/31/2020
3/31/2021
6/30/2021
$
257,017
91,539
1,432,807
$
149,847
46,204
1,286,935
$
138,975 $
47,697
1,550,624
308,428
62,961
1,611,826
$
200,723
57,118
2,222,284
297,669
348,719
340,288
473,078
470,184
105,248
106,204
74,931
1,292,808
2,178,586
75,411
90,427
88,011
682,948
260,110
186,197
237,542
250,132
221,464
173,437
Investment in unconsolidated joint ventures
53,939
69,204
79,509
75,048
86,994
Purchased future receivables, net
Derivative instruments
Servicing rights
Real estate, held for sale
Other assets
27,190
16,659
17,308
13,240
7,213
19,037
20,849
16,363
12,529
6,600
107,761
110,045
114,663
138,941
145,265
47,009
45,063
45,348
73,454
71,267
103,701
98,614
89,503
151,503
120,214
Assets of consolidated VIES
Total Assets
Liabilities
$
2,761,655
5,460,932
$
2,691,198
5,317,510
2,518,743
2,898,727
2,976,897
$
5,372,095 $
8,016,955 $
8,976,892
Convertible notes, net
Secured borrowings
Paycheck Protection Program Liquidity Facility (PPPLF) borrowings
Securitized debt obligations of consolidated VIES, net
Senior secured notes and Corporate debt, net
Guaranteed loan financing
Liabilities for loans eligible for repurchase from Ginnie Mae
Derivative instruments
1,253,895
1,071,616
105,005
1,294,243
2,064,785
1,703,034
76,276
1,132,536
2,286,624
2,140,009
2,059,114
1,905,749
2,211,923
2,309,217
111,581
111,855
112,129
112,405
112,684
329,868
330,230
330,648
513,061
513,494
436,532
421,183
401,705
386,036
363,955
186,197
237,542
250,132
221,464
173,437
9,106
7,774
11,604
4,403
3,717
Dividends payable
14,524
16,934
19,746
9,631
Accounts payable and other accrued liabilities
Total Liabilities
Preferred stock Series C
Stockholders' Equity
$
166,174
4,647,886
$
132,087
4,493,340
135,655
162,465
33,968
180,018
$
4,537,887
$
6,818,709
19,494
$
7,680,148
8,361
Preferred stock Series B and D
98,241
209,619
Common stock
5
5
5
7
7
Additional paid-in capital
854,222
846,960
849,541
Retained earnings
(49,755)
(31,779)
(24,203)
1,088,512
(20,027)
1,090,162
(23,105)
Accumulated other comprehensive loss
(9,876)
(9,916)
(9,947)
(7,042)
Total Ready Capital Corporation equity
794,596
805,270
815,396
1,159,691
(7,157)
1,269,526
Non-controlling interests
18,450
18,900
18,812
19,061
18,857
Total Stockholders' Equity
$
813,046
$
824,170
$
834,208 $
1,276,993
$
1,288,383
Total Liabilities and Stockholders' Equity
$
5,460,932
$
5,317,510
$
5,372,095
$
8,016,955
$
8,976,892
Adjusted Book Value per Share
$
14.46
$
14.84
$
14.98
$
14.89
$
14.87
40
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