REDWOOD TRUST INC
Income Statement
| Line Item | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $165.6M | $-7.2M | $542.0M | $-351.4M | $308.3M | $213.7M | $229.3M | $216.6M |
| Cost of Revenue | — | — | — | — | — | — | — | — |
| Gross Profit | — | — | — | — | — | — | — | — |
| Gross Margin | — | — | — | — | — | — | — | — |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $128.3M | $140.9M | $165.2M | $113.5M | $108.7M | $75.3M | $77.2M | $4.6M |
| Operating Income | $630.9M | $369.0M | $764.8M | $-138.5M | $656.4M | $369.7M | $261.0M | $223.5M |
| Operating Margin | 380.9% | -5,106.7% | 141.1% | 39.4% | 212.9% | 173.0% | 113.8% | 103.2% |
| Interest Expense | $631.5M | $552.4M | $426.7M | $448.0M | $479.8M | $239.0M | $108.8M | $88.5M |
| Pretax Income | $-639.0K | $-183.4M | $338.1M | $-586.5M | $176.6M | $130.7M | $152.2M | $135.0M |
| Income Tax Expense | $1.6M | $-19.9M | $18.5M | $-4.6M | $7.4M | $11.1M | $11.8M | $3.7M |
| Net Income | $-2.3M | $-163.5M | $319.6M | $-581.8M | $169.2M | $119.6M | $140.4M | $131.3M |
| Net Margin | -1.4% | 2,263.3% | 59.0% | 165.6% | 54.9% | 56.0% | 61.2% | 60.6% |
| EPS (Basic) | $-0.11 | $-1.43 | $2.73 | $-5.12 | $1.63 | $1.47 | $1.78 | $1.66 |
| EPS (Diluted) | $-0.11 | $-1.43 | $2.37 | $-5.12 | $1.46 | $1.34 | $1.60 | $1.54 |
| Shares Outstanding (Basic) | 116.3M | 117.2M | 113.2M | 113.9M | 101.1M | 78.7M | 76.8M | 76.7M |
| Shares Outstanding (Diluted) | 116.3M | 117.2M | 142.1M | 113.9M | 136.8M | 110.0M | 102.0M | 97.9M |
| Dividends Per Share | $0.71 | $0.92 | $0.78 | $0.73 | $1.20 | $1.18 | $1.12 | $1.12 |