Company: RITM-PC
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0001556593-25-000007
Chunk: 225

Company: Rithm Capital Corp.
Filing Date: 2025-02-18
Form: 10-K
Item: Item 8
Chunk 225
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CONSOLIDATED STATEMENTS OF OPERATIONS

(dollars in thousands, except share and per share data)

Year Ended December 31,202420232022RevenuesServicing fee revenue, net and interest income from MSRs and MSR financing receivables$1,993,319 $1,859,357 $1,831,354 Change in fair value of MSRs and MSR financing receivables (includes realization of cash flows of $(602,241), $(518,978) and $(631,120), respectively)(167,574)(565,684)727,334 Servicing revenue, net1,825,745 1,293,673 2,558,688 Interest income1,949,790 1,616,189 1,038,459 Gain on originated residential mortgage loans, held-for-sale, net682,535 533,477 1,092,749 Other revenues227,472 236,167 230,905 Asset management revenues520,294 82,681 — 5,205,836 3,762,187 4,920,801 ExpensesInterest expense and warehouse line fees1,835,325 1,401,327 777,793 General and administrative868,484 761,102 896,062 Compensation and benefits1,134,768 787,092 1,231,446 Management fee to affiliate— — 46,174 Termination fee to affiliate— — 400,000 3,838,577 2,949,521 3,351,475 Other Income (Loss)Realized and unrealized losses, net(215,705)(19,456)(180,059)Other income (loss), net57,255 (40,377)(126,466)(158,450)(59,833)(306,525)Income before Income Taxes1,208,809 752,833 1,262,801 Income tax expense267,317 122,159 279,516 Net Income941,492 630,674 983,285 Noncontrolling interests in income of consolidated subsidiaries9,989 8,417 28,766 Dividends on preferred stock96,456 89,579 89,726 Net Income Attributable to Common Stockholders$835,047 $532,678 $864,793 Net Income per