Company: RITM-PC
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0001556593-25-000007
Chunk: 269

Company: Rithm Capital Corp.
Filing Date: 2025-02-18
Form: 10-K
Item: Item 8
Chunk 269
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,450 (1,975)1,640,475 Liabilities:Secured financing agreements177,551 — 177,551 Secured notes and bonds payable99,232 — 99,232 Accrued expenses and other liabilities746,135 — 746,135 Total Liabilities Assumed1,022,918 — 1,022,918 Noncontrolling interest35,873 — 35,873 Net Assets583,659 (1,975)581,684 Goodwill$46,658 $1,975 $48,633 (A)The adjustment to other assets primarily reflects the impact on deferred tax assets attributable to certain return to provision adjustments.Unvested RSUsIn connection with the Sculptor Acquisition, unvested RSUs held by Sculptor employees at the time of the Sculptor Acquisition were converted into a deferred cash plan payable, resulting in a $29.7 million liability as of the date of the Sculptor Acquisition of deferred cash compensation due to employees.Unaudited Supplemental Pro Forma Financial InformationThe following table presents unaudited pro forma combined revenues and income before income taxes for the years ended December 31, 2023 and 2022 prepared as if the Sculptor Acquisition had been consummated on January 1, 2022:Year Ended December 31,Pro Forma20232022Revenues$4,135,342 $5,425,858 Income before income taxes591,129 1,223,201 The unaudited supplemental pro forma financial information reflects, among other things, financing adjustments, amortization of intangibles and transactions costs. The unaudited supplemental pro forma financial information has not been adjusted to reflect all conforming of accounting policies. The unaudited supplemental pro forma financial information does not include any anticipated synergies or other anticipated benefits of the Sculptor Acquisition and, accordingly, the unaudited supplemental pro forma financial information is not necessarily indicative of either future results of operations or results that might have been achieved had the Sculptor Acquisition occurred on January 1, 2022.

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RITHM CAPITAL CORP. AND SUBSIDIARIESNOTES TO CONSOLIDATED FINANCIAL STATEMENTS(dollars in tables in thousands, except share data)

4. SEGMENT REPORTING

Rithm Capital conducts its business and generates substantially all of its revenues primarily in the U.S. through operating segments that have been