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10-Q Filing

FINANCE OF AMERICA COMPANIES INC. CIK: 1828937 Q2 2022
Filing Information
Form Type 10-Q
Accession Number 0001193125-22-216269
Period End Date 20220630
Filing Date 20220809
Fiscal Year 2022
Fiscal Period Q2
XBRL Instance d277283d10q_htm.xml
Balance Sheet 61 line items
Line Item Tag Value Unit Period
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $219.03M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $141.24M USD Point-in-time
Restricted cash RestrictedCashCurrent $322.40M USD Point-in-time
Restricted cash RestrictedCashCurrent $354.80M USD Point-in-time
Loans held for investment, subject to Home Equity Conversion Mortgage-Backed Securities ("HMBS") related obligations, at fair value LoansHeldForInvestmentSubjectToHomeEquityConversionMortgagebackedSecuritiesHmbsRelatedObligationsAtFairValue $10.88B USD Point-in-time
Loans held for investment, subject to Home Equity Conversion Mortgage-Backed Securities ("HMBS") related obligations, at fair value LoansHeldForInvestmentSubjectToHomeEquityConversionMortgagebackedSecuritiesHmbsRelatedObligationsAtFairValue $10.56B USD Point-in-time
Loans held for investment, subject to nonrecourse debt, at fair value LoansHeldForInvestmentSubjectToNonRecourseDebtAtFairValue $6.22B USD Point-in-time
Mortgage servicing rights, at fair value MortgageServicingRightsAtFairValue $143.38M USD Point-in-time
Loans held for investment, subject to nonrecourse debt, at fair value LoansHeldForInvestmentSubjectToNonRecourseDebtAtFairValue $6.60B USD Point-in-time
Mortgage servicing rights, at fair value MortgageServicingRightsAtFairValue $142.44M USD Point-in-time
Loans held for investment, at fair value LoansReceivableFairValueDisclosure $1.06B USD Point-in-time
Loans held for investment, at fair value LoansReceivableFairValueDisclosure $1.03B USD Point-in-time
Loans held for sale, at fair value LoansHeldForSaleFairValueDisclosure $1.23B USD Point-in-time
Loans held for sale, at fair value LoansHeldForSaleFairValueDisclosure $1.71B USD Point-in-time
Loans held for sale, at fair value LoansHeldForSaleFairValueDisclosure $2.14B USD Point-in-time
Loans held for sale, at fair value LoansHeldForSaleFairValueDisclosure $2.22B USD Point-in-time
Loans held for sale, at fair value LoansHeldForSaleFairValueDisclosure $2.05B USD Point-in-time
Loans held for sale, at fair value LoansHeldForSaleFairValueDisclosure $2.06B USD Point-in-time
Mortgage servicing rights ("MSRs"), at fair value, $143,382 and $142,435, subject to nonrecourse MSRs financing liability, respectively MortgageServicingRightsDueToNonRecourseMsrFinancialLiabilityAtFairValue $427.94M USD Point-in-time
Mortgage servicing rights ("MSRs"), at fair value, $143,382 and $142,435, subject to nonrecourse MSRs financing liability, respectively MortgageServicingRightsDueToNonRecourseMsrFinancialLiabilityAtFairValue $359.01M USD Point-in-time
Derivative assets DerivativeAssets $48.87M USD Point-in-time
Derivative assets DerivativeAssets $55.19M USD Point-in-time
Fixed assets and leasehold improvements, net PropertyPlantAndEquipmentNet $29.26M USD Point-in-time
Fixed assets and leasehold improvements, net PropertyPlantAndEquipmentNet $29.80M USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $602.90M USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $575.28M USD Point-in-time
Other assets, net OtherAssets $371.90M USD Point-in-time
Other assets, net OtherAssets $358.38M USD Point-in-time
TOTAL ASSETS Assets $21.79B USD Point-in-time
TOTAL ASSETS Assets $20.10B USD Point-in-time
TOTAL ASSETS Assets $21.74B USD Point-in-time
TOTAL ASSETS Assets $22.23B USD Point-in-time
HMBS related obligations, at fair value HmbsRelatedObligationAtFairValue $10.42B USD Point-in-time
HMBS related obligations, at fair value HmbsRelatedObligationAtFairValue $10.75B USD Point-in-time
Nonrecourse debt, at fair value SecuritiesLoanedOrSoldUnderAgreementsToRepurchaseFairValueDisclosure $6.75B USD Point-in-time
Nonrecourse debt, at fair value SecuritiesLoanedOrSoldUnderAgreementsToRepurchaseFairValueDisclosure $6.11B USD Point-in-time
Other financing lines of credit OtherLongTermDebt $2.59B USD Point-in-time
Other financing lines of credit OtherLongTermDebt $3.35B USD Point-in-time
Payables and other liabilities AccountsPayableAndOtherAccruedLiabilities $471.51M USD Point-in-time
Payables and other liabilities AccountsPayableAndOtherAccruedLiabilities $428.77M USD Point-in-time
Notes payable, net NotesPayable $353.00M USD Point-in-time
Notes payable, net NotesPayable $353.38M USD Point-in-time
TOTAL LIABILITIES Liabilities $20.71B USD Point-in-time
TOTAL LIABILITIES Liabilities $20.87B USD Point-in-time
Commitments and Contingencies (Note 16) CommitmentsAndContingencies - USD Point-in-time
Commitments and Contingencies (Note 16) CommitmentsAndContingencies - USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $860.23M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $831.62M USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-443.61M USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-492.79M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-110.00K USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-262.00K USD Point-in-time
Noncontrolling interest MinorityInterest $496.01M USD Point-in-time
Noncontrolling interest MinorityInterest $695.11M USD Point-in-time
TOTAL EQUITY StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.03B USD Point-in-time
TOTAL EQUITY StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $863.20M USD Point-in-time
TOTAL EQUITY StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.08B USD Point-in-time
TOTAL EQUITY StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.34B USD Point-in-time
TOTAL EQUITY StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.38B USD Point-in-time
TOTAL LIABILITIES AND EQUITY LiabilitiesAndStockholdersEquity $21.74B USD Point-in-time
TOTAL LIABILITIES AND EQUITY LiabilitiesAndStockholdersEquity $21.79B USD Point-in-time
Income Statement 84 line items
Line Item Tag Value Unit Period
Gain on sale and other income from loans held for sale, net InterestAndFeeIncomeLoansHeldForSaleMortgages $71.81M USD 1 Quarter
Gain on sale and other income from loans held for sale, net InterestAndFeeIncomeLoansHeldForSaleMortgages $187.58M USD 1 Quarter
Gain on sale and other income from loans held for sale, net InterestAndFeeIncomeLoansHeldForSaleMortgages $291.33M USD 1 Quarter
Gain on sale and other income from loans held for sale, net InterestAndFeeIncomeLoansHeldForSaleMortgages $190.16M USD 2 Qtrs
Net fair value gains on loans and related obligations NetFairValueGainsOnMortgageLoansAndRelatedObligations $1.61M USD 1 Quarter
Net fair value gains on loans and related obligations NetFairValueGainsOnMortgageLoansAndRelatedObligations $12.05M USD 2 Qtrs
Net fair value gains on loans and related obligations NetFairValueGainsOnMortgageLoansAndRelatedObligations $76.66M USD 1 Quarter
Net fair value gains on loans and related obligations NetFairValueGainsOnMortgageLoansAndRelatedObligations $131.15M USD 1 Quarter
Fee income FeeIncome $90.86M USD 1 Quarter
Fee income FeeIncome $88.68M USD 1 Quarter
Fee income FeeIncome $161.37M USD 1 Quarter
Fee income FeeIncome $246.29M USD 2 Qtrs
Interest income InterestIncomeOperating $13.15M USD 1 Quarter
Interest income InterestIncomeOperating $15.85M USD 1 Quarter
Interest income InterestIncomeOperating $29.73M USD 2 Qtrs
Interest income InterestIncomeOperating $12.66M USD 1 Quarter
Interest expense InterestExpense $34.37M USD 1 Quarter
Interest expense InterestExpense $69.66M USD 2 Qtrs
Interest expense InterestExpense $36.83M USD 1 Quarter
Interest expense InterestExpense $33.63M USD 1 Quarter
Net interest expense InterestIncomeExpenseNet $-21.70M USD 1 Quarter
Net interest expense InterestIncomeExpenseNet $-20.48M USD 1 Quarter
Net interest expense InterestIncomeExpenseNet $-39.94M USD 2 Qtrs
Net interest expense InterestIncomeExpenseNet $-20.98M USD 1 Quarter
TOTAL REVENUES Revenues $389.12M USD 1 Quarter
TOTAL REVENUES Revenues $507.66M USD 1 Quarter
TOTAL REVENUES Revenues $141.12M USD 1 Quarter
TOTAL REVENUES Revenues $408.55M USD 2 Qtrs
Salaries, benefits and related expenses LaborAndRelatedExpense $194.29M USD 1 Quarter
Salaries, benefits and related expenses LaborAndRelatedExpense $403.37M USD 2 Qtrs
Salaries, benefits and related expenses LaborAndRelatedExpense $274.73M USD 1 Quarter
Salaries, benefits and related expenses LaborAndRelatedExpense $238.53M USD 1 Quarter
Occupancy, equipment rentals and other office related expenses OccupancyNet $6.72M USD 1 Quarter
Occupancy, equipment rentals and other office related expenses OccupancyNet $7.26M USD 1 Quarter
Occupancy, equipment rentals and other office related expenses OccupancyNet $15.10M USD 2 Qtrs
Occupancy, equipment rentals and other office related expenses OccupancyNet $7.60M USD 1 Quarter
General and administrative expenses GeneralAndAdministrativeExpense $119.30M USD 1 Quarter
General and administrative expenses GeneralAndAdministrativeExpense $123.46M USD 1 Quarter
General and administrative expenses GeneralAndAdministrativeExpense $127.19M USD 1 Quarter
General and administrative expenses GeneralAndAdministrativeExpense $256.08M USD 2 Qtrs
TOTAL EXPENSES OperatingExpenses $674.55M USD 2 Qtrs
TOTAL EXPENSES OperatingExpenses $400.75M USD 1 Quarter
TOTAL EXPENSES OperatingExpenses $325.01M USD 1 Quarter
TOTAL EXPENSES OperatingExpenses $373.31M USD 1 Quarter
OTHER, NET OtherNonoperatingIncomeExpense $15.13M USD 1 Quarter
OTHER, NET OtherNonoperatingIncomeExpense $19.90M USD 2 Qtrs
OTHER, NET OtherNonoperatingIncomeExpense $-2.10M USD 1 Quarter
OTHER, NET OtherNonoperatingIncomeExpense $-8.89M USD 1 Quarter
NET INCOME (LOSS) BEFORE INCOME TAXES IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $-13.74M USD 1 Quarter
NET INCOME (LOSS) BEFORE INCOME TAXES IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $-168.76M USD 1 Quarter
NET INCOME (LOSS) BEFORE INCOME TAXES IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $125.46M USD 1 Quarter
NET INCOME (LOSS) BEFORE INCOME TAXES IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $-246.09M USD 2 Qtrs
Provision (benefit) for income taxes IncomeTaxExpenseBenefit $1.09M USD 1 Quarter
Provision (benefit) for income taxes IncomeTaxExpenseBenefit $1.14M USD 1 Quarter
Provision (benefit) for income taxes IncomeTaxExpenseBenefit $-940.00K USD 1 Quarter
Provision (benefit) for income taxes IncomeTaxExpenseBenefit $-14.28M USD 2 Qtrs
NET INCOME (LOSS) ProfitLoss $-167.82M USD 1 Quarter
NET INCOME (LOSS) ProfitLoss $-14.82M USD 1 Quarter
NET INCOME (LOSS) ProfitLoss $124.32M USD 1 Quarter
NET INCOME (LOSS) ProfitLoss $-231.82M USD 2 Qtrs
Contingently Redeemable Noncontrolling Interest ("CRNCI") NetIncomeLossAttributableToRedeemableNoncontrollingInterest - USD 2 Qtrs
Contingently Redeemable Noncontrolling Interest ("CRNCI") NetIncomeLossAttributableToRedeemableNoncontrollingInterest $4.26M USD 1 Quarter
Contingently Redeemable Noncontrolling Interest ("CRNCI") NetIncomeLossAttributableToRedeemableNoncontrollingInterest - USD 1 Quarter
Contingently Redeemable Noncontrolling Interest ("CRNCI") NetIncomeLossAttributableToRedeemableNoncontrollingInterest - USD 1 Quarter
Noncontrolling interest NetIncomeLossAttributableToNonredeemableNoncontrollingInterest $-182.65M USD 2 Qtrs
Noncontrolling interest NetIncomeLossAttributableToNonredeemableNoncontrollingInterest $-17.09M USD 1 Quarter
Noncontrolling interest NetIncomeLossAttributableToNonredeemableNoncontrollingInterest $201.00K USD 1 Quarter
Noncontrolling interest NetIncomeLossAttributableToNonredeemableNoncontrollingInterest $-127.14M USD 1 Quarter
NET INCOME (LOSS) ATTRIBUTABLE TO CONTROLLING INTEREST NetIncomeLoss $-49.17M USD 2 Qtrs
NET INCOME (LOSS) ATTRIBUTABLE TO CONTROLLING INTEREST NetIncomeLoss $2.27M USD 1 Quarter
NET INCOME (LOSS) ATTRIBUTABLE TO CONTROLLING INTEREST NetIncomeLoss $-40.68M USD 1 Quarter
NET INCOME (LOSS) ATTRIBUTABLE TO CONTROLLING INTEREST NetIncomeLoss $119.86M USD 1 Quarter
Basic weighted average shares outstanding WeightedAverageNumberOfSharesOutstandingBasic 62.38M shares 1 Quarter
Basic weighted average shares outstanding WeightedAverageNumberOfSharesOutstandingBasic 59.88M shares 1 Quarter
Basic weighted average shares outstanding WeightedAverageNumberOfSharesOutstandingBasic 61.58M shares 2 Qtrs
Basic net earnings (loss) per share EarningsPerShareBasic $-0.65 USD 1 Quarter
Basic net earnings (loss) per share EarningsPerShareBasic $-0.80 USD 2 Qtrs
Basic net earnings (loss) per share EarningsPerShareBasic $0.04 USD 1 Quarter
Diluted weighted average shares outstanding WeightedAverageNumberOfDilutedSharesOutstanding 188.63M shares 2 Qtrs
Diluted weighted average shares outstanding WeightedAverageNumberOfDilutedSharesOutstanding 191.20M shares 1 Quarter
Diluted weighted average shares outstanding WeightedAverageNumberOfDilutedSharesOutstanding 187.82M shares 1 Quarter
Diluted net loss per share EarningsPerShareDiluted $-0.05 USD 1 Quarter
Diluted net loss per share EarningsPerShareDiluted $-0.70 USD 1 Quarter
Diluted net loss per share EarningsPerShareDiluted $-1.00 USD 2 Qtrs
Cash Flow Statement 121 line items
Line Item Tag Value Unit Period
Net income (loss) ProfitLoss $-167.82M USD 1 Quarter
Net income (loss) ProfitLoss $-14.82M USD 1 Quarter
Net income (loss) ProfitLoss $124.32M USD 1 Quarter
Net income (loss) ProfitLoss $-231.82M USD 2 Qtrs
Adjustments to reconcile net income (loss) to net cash provided by operating activities: AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities $986.48M USD 2 Qtrs
Adjustments to reconcile net income (loss) to net cash provided by operating activities: AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities $-6.28M USD 1 Quarter
Adjustments to reconcile net income (loss) to net cash provided by operating activities: AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities $5.17M USD 1 Quarter
Net cash provided by (used in) operating activities NetCashProvidedByUsedInOperatingActivities $754.66M USD 2 Qtrs
Net cash provided by (used in) operating activities NetCashProvidedByUsedInOperatingActivities $-9.65M USD 1 Quarter
Net cash provided by (used in) operating activities NetCashProvidedByUsedInOperatingActivities $118.04M USD 1 Quarter
Purchases and originations of loans held for investment PaymentsToAcquireLoansAndLeasesHeldForInvestment $1.15B USD 1 Quarter
Purchases and originations of loans held for investment PaymentsToAcquireLoansAndLeasesHeldForInvestment $1.24B USD 1 Quarter
Purchases and originations of loans held for investment PaymentsToAcquireLoansAndLeasesHeldForInvestment $3.78B USD 2 Qtrs
Proceeds/payments received on loans held for investment ProceedsFromSaleOfLoansAndLeasesHeldForInvestment $677.78M USD 1 Quarter
Proceeds/payments received on loans held for investment ProceedsFromSaleOfLoansAndLeasesHeldForInvestment $689.22M USD 1 Quarter
Proceeds/payments received on loans held for investment ProceedsFromSaleOfLoansAndLeasesHeldForInvestment $1.28B USD 2 Qtrs
Purchases and origination of loans held for investment, subject to nonrecourse debt PurchasesAndOriginationOfMortgageLoansHeldForInvestmentSubjectToNonrecourseDebt $58.55M USD 2 Qtrs
Purchases and origination of loans held for investment, subject to nonrecourse debt PurchasesAndOriginationOfMortgageLoansHeldForInvestmentSubjectToNonrecourseDebt $12.32M USD 1 Quarter
Purchases and origination of loans held for investment, subject to nonrecourse debt PurchasesAndOriginationOfMortgageLoansHeldForInvestmentSubjectToNonrecourseDebt $12.25M USD 1 Quarter
Proceeds/payments on loans held for investment, subject to nonrecourse debt PaymentsOnMortgageLoansHeldForInvestmentSubjectToNonrecourseDebt $251.15M USD 1 Quarter
Proceeds/payments on loans held for investment, subject to nonrecourse debt PaymentsOnMortgageLoansHeldForInvestmentSubjectToNonrecourseDebt $1.16B USD 2 Qtrs
Proceeds/payments on loans held for investment, subject to nonrecourse debt PaymentsOnMortgageLoansHeldForInvestmentSubjectToNonrecourseDebt $217.45M USD 1 Quarter
Purchases of debt securities PaymentsToAcquireSecuritiesDebt $6.85M USD 2 Qtrs
Purchases of debt securities PaymentsToAcquireSecuritiesDebt $1.45M USD 1 Quarter
Purchases of debt securities PaymentsToAcquireSecuritiesDebt $557.00K USD 1 Quarter
Proceeds/payments on debt securities ProceedsFromSaleOfAvailableForSaleSecuritiesDebt $1.89M USD 1 Quarter
Proceeds/payments on debt securities ProceedsFromSaleOfAvailableForSaleSecuritiesDebt $2.10M USD 1 Quarter
Proceeds/payments on debt securities ProceedsFromSaleOfAvailableForSaleSecuritiesDebt $912.00K USD 2 Qtrs
Purchases of MSRs PaymentsToAcquireMortgageServicingRightsMSR $9.01M USD 1 Quarter
Purchases of MSRs PaymentsToAcquireMortgageServicingRightsMSR - USD 2 Qtrs
Purchases of MSRs PaymentsToAcquireMortgageServicingRightsMSR $61.00K USD 1 Quarter
Proceeds on sale of MSRs ProceedsFromSaleOfMortgageServicingRightsMSR $7.76M USD 1 Quarter
Proceeds on sale of MSRs ProceedsFromSaleOfMortgageServicingRightsMSR - USD 1 Quarter
Proceeds on sale of MSRs ProceedsFromSaleOfMortgageServicingRightsMSR $191.71M USD 2 Qtrs
Acquisition of subsidiaries, net of cash acquired PaymentsToAcquireBusinessesNetOfCashAcquired $749.00K USD 1 Quarter
Acquisition of subsidiaries, net of cash acquired PaymentsToAcquireBusinessesNetOfCashAcquired - USD 2 Qtrs
Acquisition of subsidiaries, net of cash acquired PaymentsToAcquireBusinessesNetOfCashAcquired $20.00M USD 1 Quarter
Acquisition of fixed assets PaymentsToAcquirePropertyPlantAndEquipment $4.18M USD 1 Quarter
Acquisition of fixed assets PaymentsToAcquirePropertyPlantAndEquipment $7.42M USD 2 Qtrs
Acquisition of fixed assets PaymentsToAcquirePropertyPlantAndEquipment $4.92M USD 1 Quarter
Payments on deferred purchase price liability PaymentForContingentConsiderationLiabilityInvestingActivities $311.00K USD 1 Quarter
Payments on deferred purchase price liability PaymentForContingentConsiderationLiabilityInvestingActivities $8.00M USD 2 Qtrs
Payments on deferred purchase price liability PaymentForContingentConsiderationLiabilityInvestingActivities $657.00K USD 1 Quarter
Debtor in possession ("DIP") Financing PaymentsToAcquireRetainedInterestInSecuritizedReceivables - USD 2 Qtrs
Debtor in possession ("DIP") Financing PaymentsToAcquireRetainedInterestInSecuritizedReceivables - USD 1 Quarter
Debtor in possession ("DIP") Financing PaymentsToAcquireRetainedInterestInSecuritizedReceivables $35.26M USD 1 Quarter
Other investing activities, net PaymentsForProceedsFromOtherInvestingActivities $2.55M USD 1 Quarter
Other investing activities, net PaymentsForProceedsFromOtherInvestingActivities $-88.00K USD 2 Qtrs
Other investing activities, net PaymentsForProceedsFromOtherInvestingActivities - USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-337.88M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-1.23B USD 2 Qtrs
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-312.05M USD 1 Quarter
Proceeds from issuance of HMBS related obligations ProceedsFromIssuanceOfHmbsRelatedObligations $602.17M USD 1 Quarter
Proceeds from issuance of HMBS related obligations ProceedsFromIssuanceOfHmbsRelatedObligations $1.93B USD 2 Qtrs
Proceeds from issuance of HMBS related obligations ProceedsFromIssuanceOfHmbsRelatedObligations $795.33M USD 1 Quarter
Payments of HMBS related obligations PaymentsOfHmbsRelatedObligations $597.89M USD 1 Quarter
Payments of HMBS related obligations PaymentsOfHmbsRelatedObligations $1.44B USD 2 Qtrs
Payments of HMBS related obligations PaymentsOfHmbsRelatedObligations $506.14M USD 1 Quarter
Proceeds from issuance of nonrecourse debt ProceedsFromIssuanceOfNonrecourseDebt $600.60M USD 1 Quarter
Proceeds from issuance of nonrecourse debt ProceedsFromIssuanceOfNonrecourseDebt $1.93B USD 2 Qtrs
Proceeds from issuance of nonrecourse debt ProceedsFromIssuanceOfNonrecourseDebt $579.52M USD 1 Quarter
Payments on nonrecourse debt PaymentsOnNonrecourseDebt $1.08B USD 2 Qtrs
Payments on nonrecourse debt PaymentsOnNonrecourseDebt $498.97M USD 1 Quarter
Payments on nonrecourse debt PaymentsOnNonrecourseDebt $658.30M USD 1 Quarter
Proceeds from other financing lines of credit ProceedsFromOtherDebt $14.31B USD 2 Qtrs
Proceeds from other financing lines of credit ProceedsFromOtherDebt $10.03B USD 1 Quarter
Proceeds from other financing lines of credit ProceedsFromOtherDebt $8.76B USD 1 Quarter
Payments on other financing lines of credit RepaymentsOfOtherDebt $9.66B USD 1 Quarter
Payments on other financing lines of credit RepaymentsOfOtherDebt $8.62B USD 1 Quarter
Payments on other financing lines of credit RepaymentsOfOtherDebt $15.07B USD 2 Qtrs
Debt issuance costs PaymentsOfDebtIssuanceCosts $2.47M USD 1 Quarter
Debt issuance costs PaymentsOfDebtIssuanceCosts $373.00K USD 2 Qtrs
Debt issuance costs PaymentsOfDebtIssuanceCosts $580.00K USD 1 Quarter
Payment of withholding taxes relating to equity based compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation - USD 1 Quarter
Payment of withholding taxes relating to equity based compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation - USD 1 Quarter
Payment of withholding taxes relating to equity based compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation $5.03M USD 2 Qtrs
Member distributions MemberDistributions - USD 1 Quarter
Member distributions MemberDistributions - USD 2 Qtrs
Member distributions MemberDistributions $75.00M USD 1 Quarter
Settlement of CRNCI PaymentInRespectOfContingentlyRedeemableNonControllingInterest - USD 1 Quarter
Settlement of CRNCI PaymentInRespectOfContingentlyRedeemableNonControllingInterest $-203.22M USD 1 Quarter
Settlement of CRNCI PaymentInRespectOfContingentlyRedeemableNonControllingInterest - USD 2 Qtrs
Other financing activities, net ProceedsFromPaymentsForOtherFinancingActivities $-114.00K USD 1 Quarter
Other financing activities, net ProceedsFromPaymentsForOtherFinancingActivities $806.00K USD 1 Quarter
Other financing activities, net ProceedsFromPaymentsForOtherFinancingActivities $-150.00K USD 2 Qtrs
Net cash provided by financing activities NetCashProvidedByUsedInFinancingActivities $307.69M USD 1 Quarter
Net cash provided by financing activities NetCashProvidedByUsedInFinancingActivities $581.61M USD 2 Qtrs
Net cash provided by financing activities NetCashProvidedByUsedInFinancingActivities $232.44M USD 1 Quarter
Foreign currency translation adjustment EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $-1.00K USD 1 Quarter
Foreign currency translation adjustment EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $-152.00K USD 2 Qtrs
Foreign currency translation adjustment EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $-7.00K USD 1 Quarter
Net increase (decrease) in cash and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $110.19M USD 2 Qtrs
Net increase (decrease) in cash and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-115.10M USD 1 Quarter
Net increase (decrease) in cash and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $113.68M USD 1 Quarter
Cash and restricted cash, beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $539.36M USD Point-in-time
Cash and restricted cash, beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $573.84M USD Point-in-time
Cash and restricted cash, beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $653.05M USD Point-in-time
Cash and restricted cash, beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $463.64M USD Point-in-time
Cash and restricted cash, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $539.36M USD Point-in-time
Cash and restricted cash, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $573.84M USD Point-in-time
Cash and restricted cash, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $653.05M USD Point-in-time
Cash and restricted cash, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $463.64M USD Point-in-time
Cash and restricted cash, beginning of period CashCashEquivalentRestrictedCashAndRestrictedCashEquivalent $511.73M USD Point-in-time
Cash and restricted cash, beginning of period CashCashEquivalentRestrictedCashAndRestrictedCashEquivalent $626.83M USD Point-in-time
Cash and restricted cash, beginning of period CashCashEquivalentRestrictedCashAndRestrictedCashEquivalent $511.73M USD Point-in-time
Cash and restricted cash, beginning of period CashCashEquivalentRestrictedCashAndRestrictedCashEquivalent $626.83M USD Point-in-time
Cash paid for interest InterestPaidNet $50.07M USD 1 Quarter
Cash paid for interest InterestPaidNet $117.35M USD 2 Qtrs
Cash paid for interest InterestPaidNet $68.19M USD 1 Quarter
Cash paid for income taxes, net IncomeTaxesPaidNet $25.00K USD 2 Qtrs
Cash paid for income taxes, net IncomeTaxesPaidNet $1.52M USD 1 Quarter
Cash paid for income taxes, net IncomeTaxesPaidNet $63.00K USD 1 Quarter
Loans transferred to loans held for investment, at fair value, from loans held for investment, subject to nonrecourse debt, at fair value LoansTransferredToMortgageLoansHeldForInvestmentAtFairValueFromMortgageLoansHeldForInvestmentSubjectToNonrecourseDebtAtFairValue $488.65M USD 2 Qtrs
Loans transferred to loans held for investment, at fair value, from loans held for investment, subject to nonrecourse debt, at fair value LoansTransferredToMortgageLoansHeldForInvestmentAtFairValueFromMortgageLoansHeldForInvestmentSubjectToNonrecourseDebtAtFairValue $242.65M USD 1 Quarter
Loans transferred to loans held for investment, at fair value, from loans held for investment, subject to nonrecourse debt, at fair value LoansTransferredToMortgageLoansHeldForInvestmentAtFairValueFromMortgageLoansHeldForInvestmentSubjectToNonrecourseDebtAtFairValue $283.43M USD 1 Quarter
Loans transferred to loans held for investment, subject to nonrecourse debt, at fair value from loans held for investment, at fair value LoansTransferredToMortgageLoansHeldForSaleAtFairValueFromMortgageLoansHeldForInvestmentAtFairValue $2.54B USD 2 Qtrs
Loans transferred to loans held for investment, subject to nonrecourse debt, at fair value from loans held for investment, at fair value LoansTransferredToMortgageLoansHeldForSaleAtFairValueFromMortgageLoansHeldForInvestmentAtFairValue $272.10M USD 1 Quarter
Loans transferred to loans held for investment, subject to nonrecourse debt, at fair value from loans held for investment, at fair value LoansTransferredToMortgageLoansHeldForSaleAtFairValueFromMortgageLoansHeldForInvestmentAtFairValue $505.38M USD 1 Quarter
Loans transferred to loans held for investment, subject to HMBS, at fair value from loans held for investment, at fair value LoansTransferredToMortgageLoansHeldForInvestmentSubjectToHmbsAtFairValueFromMortgageLoansHeldForInvestmentAtFairValue $701.38M USD 1 Quarter
Loans transferred to loans held for investment, subject to HMBS, at fair value from loans held for investment, at fair value LoansTransferredToMortgageLoansHeldForInvestmentSubjectToHmbsAtFairValueFromMortgageLoansHeldForInvestmentAtFairValue $1.65B USD 2 Qtrs
Loans transferred to loans held for investment, subject to HMBS, at fair value from loans held for investment, at fair value LoansTransferredToMortgageLoansHeldForInvestmentSubjectToHmbsAtFairValueFromMortgageLoansHeldForInvestmentAtFairValue $42.91M USD 1 Quarter
Stockholders Equity 42 line items
Line Item Tag Value Unit Period
Balance at beginning of period MembersCapital $641.17M USD Point-in-time
Balance at beginning of period MembersCapital $628.04M USD Point-in-time
Balance at beginning of period StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.03B USD Point-in-time
Balance at beginning of period StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $863.20M USD Point-in-time
Balance at beginning of period StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.08B USD Point-in-time
Balance at beginning of period StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.34B USD Point-in-time
Balance at beginning of period StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.38B USD Point-in-time
Net income (loss) ProfitLoss $-167.82M USD 1 Quarter
Net income (loss) ProfitLoss $-14.82M USD 1 Quarter
Net income (loss) ProfitLoss $124.32M USD 1 Quarter
Net income (loss) ProfitLoss $-231.82M USD 2 Qtrs
Contributions from members PartnersCapitalAccountContributions $1.43M USD 1 Quarter
Distributions to members PartnersCapitalAccountDistributions $75.00M USD 1 Quarter
Noncontrolling interest contributions NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance $24.00K USD 1 Quarter
Noncontrolling interest contributions NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance $42.00K USD 2 Qtrs
Noncontrolling interest contributions NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance $42.00K USD 1 Quarter
Noncontrolling interest distributions MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders $620.00K USD 1 Quarter
Noncontrolling interest distributions MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders $137.00K USD 1 Quarter
Noncontrolling interest distributions MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders $192.00K USD 1 Quarter
Noncontrolling interest distributions MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders $192.00K USD 2 Qtrs
Equity based compensation, net ShareBasedCompensation $49.28M USD 1 Quarter
Equity based compensation, net ShareBasedCompensation $7.78M USD 1 Quarter
Equity based compensation, net ShareBasedCompensation $20.88M USD 2 Qtrs
Net income ProfitLossExcludingCRNCI $120.06M USD 1 Quarter
Accretion of CRNCI to redemption price TemporaryEquityAccretionToRedemptionValue $32.73M USD 1 Quarter
Conversion of LLC Units for Class A Common Stock (Note 22Equity) ConversionOfLimitedLiabilityCompanyUnitsForCommonStockValue $-116.00K USD 2 Qtrs
Conversion of LLC Units for Class A Common Stock (Note 22Equity) ConversionOfLimitedLiabilityCompanyUnitsForCommonStockValue $-91.00K USD 1 Quarter
Settlement of LTIP RSUs, net (Note 21Earnings Per Share) NetSurrenderToSettleOtherRsusValue $-4.74M USD 1 Quarter
Settlement of LTIP RSUs, net (Note 21Earnings Per Share) NetSurrenderToSettleOtherRsusValue $-4.75M USD 2 Qtrs
Cancellation of shares to fund employee tax withholdings (Note 22Equity) RestrictedStockValueSharesIssuedCancelledNetOfTaxWithholdings $-3.71M USD 2 Qtrs
Cancellation of shares to fund employee tax withholdings (Note 22Equity) RestrictedStockValueSharesIssuedCancelledNetOfTaxWithholdings $-3.71M USD 1 Quarter
Foreign currency translation adjustment OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent $-11.00K USD 1 Quarter
Foreign currency translation adjustment OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent $-163.00K USD 1 Quarter
Foreign currency translation adjustment OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent $-152.00K USD 2 Qtrs
Foreign currency translation adjustment OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent $-27.00K USD 1 Quarter
Balance at end of period MembersCapital $641.17M USD Point-in-time
Balance at end of period MembersCapital $628.04M USD Point-in-time
Balance at end of period StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.03B USD Point-in-time
Balance at end of period StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $863.20M USD Point-in-time
Balance at end of period StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.08B USD Point-in-time
Balance at end of period StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.34B USD Point-in-time
Balance at end of period StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.38B USD Point-in-time
Comprehensive Income 20 line items
Line Item Tag Value Unit Period
NET INCOME (LOSS) ProfitLoss $-167.82M USD 1 Quarter
NET INCOME (LOSS) ProfitLoss $-14.82M USD 1 Quarter
NET INCOME (LOSS) ProfitLoss $124.32M USD 1 Quarter
NET INCOME (LOSS) ProfitLoss $-231.82M USD 2 Qtrs
Impact of foreign currency translation adjustment OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-11.00K USD 1 Quarter
Impact of foreign currency translation adjustment OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-163.00K USD 1 Quarter
Impact of foreign currency translation adjustment OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-27.00K USD 1 Quarter
Impact of foreign currency translation adjustment OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-152.00K USD 2 Qtrs
TOTAL COMPREHENSIVE INCOME (LOSS) ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $-167.99M USD 1 Quarter
TOTAL COMPREHENSIVE INCOME (LOSS) ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $-14.85M USD 1 Quarter
TOTAL COMPREHENSIVE INCOME (LOSS) ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $-231.97M USD 2 Qtrs
TOTAL COMPREHENSIVE INCOME (LOSS) ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $124.31M USD 1 Quarter
Less: Net income (loss) attributable to the noncontrolling interest and CRNCI ComprehensiveIncomeNetOfTaxAttributableToCrnci $-17.11M USD 1 Quarter
Less: Net income (loss) attributable to the noncontrolling interest and CRNCI ComprehensiveIncomeNetOfTaxAttributableToCrnci $-182.75M USD 2 Qtrs
Less: Net income (loss) attributable to the noncontrolling interest and CRNCI ComprehensiveIncomeNetOfTaxAttributableToCrnci $4.46M USD 1 Quarter
Less: Net income (loss) attributable to the noncontrolling interest and CRNCI ComprehensiveIncomeNetOfTaxAttributableToCrnci $-127.25M USD 1 Quarter
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO CONTROLLING INTEREST ComprehensiveIncomeNetOfTax $-40.73M USD 1 Quarter
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO CONTROLLING INTEREST ComprehensiveIncomeNetOfTax $119.85M USD 1 Quarter
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO CONTROLLING INTEREST ComprehensiveIncomeNetOfTax $-49.22M USD 2 Qtrs
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO CONTROLLING INTEREST ComprehensiveIncomeNetOfTax $2.26M USD 1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

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