Company: RITM-PC
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001556593-25-000016
Chunk: 220

Company: Rithm Capital Corp.
Filing Date: 2025-05-02
Form: 10-Q
Item: Item 1
Chunk 220
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$11,323 90+54,300 47,362 (6,938)55,234 49,273 (5,961)Total$2,330,788 $2,335,218 $4,430 $2,172,713 $2,178,075 $5,362 

See Note 18 regarding the financing of residential transition loans. 

11. CASH AND CASH EQUIVALENTS AND RESTRICTED CASH

Rithm Capital considers all highly liquid short-term investments with maturities of 90 days or less when purchased to be cash equivalents. Substantially all amounts on deposit with major financial institutions exceed insured limits.Restricted cash consists of cash collateral pledges related to secured financing and securitizations and cash proceeds held in a trust account from the IPO of the SPAC that can only be used for purposes of completing an initial business combination or redemption of the SPAC’s Class A ordinary shares as set forth in the SPAC trust agreement.The following table provides a reconciliation of cash and cash equivalents and restricted cash reported on Rithm Capital’s consolidated balance sheets to the total of the same amounts shown in the consolidated statements of cash flows:March 31,2025December 31,2024Cash and cash equivalents$1,493,834 $1,458,743 Restricted cash511,698 308,443 Restricted cash of consolidated CFEs(A)85,040 150,623 Total Cash and Cash Equivalents and Restricted Cash$2,090,572 $1,917,809 (A)    Presented within investments, at fair value and other assets on the consolidated balance sheets.

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

The following table summarizes restricted cash balances by reporting segment including corporate category:March 31,2025December 31,2024Investment Portfolio(A)$67,052 $66,419 Origination and Servicing174,176 207,724 Residential Transitional Lending(A)43,312 40,727 Asset Management(A)81,388 144,196 Corporate Category(B)230,810 — Total Restricted Cash$596,738 $459,066 (A)Includes restricted cash related to consolidated C