Ditech Holding Corporation (DHCP) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
1100 VIRGINIA DRIVE, SUITE 100 FORT WASHINGTON, PA 19034 |
| State of Incorp. | MD |
| Fiscal Year End | December 31 |
| Industry (SIC) | 6162 - Mortgage Bankers and Loan Correspondents (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | 12/31/2012 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 285,969 | 224,598 | 202,828 | 320,175 | 491,885 | 442,054 | |||
| Cash and cash equivalents | 285,969 | 224,598 | 202,828 | 320,175 | 491,885 | 442,054 | |||
| Disposal group, including discontinued operation | 12,699 | ||||||||
| Total current assets: | 285,969 | 237,297 | 202,828 | 320,175 | 491,885 | 442,054 | |||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 50,213 | 82,628 | 106,481 | 124,926 | 155,847 | 137,785 | |||
| Long-term investments and receivables | 7,816 | 19,403 | 22,598 | ||||||
| Long-term investments | 7,816 | 19,403 | 22,598 | ||||||
| Intangible assets, net (including goodwill) | 56,480 | 59,094 | 451,949 | 678,971 | 780,143 | 742,304 | |||
| Goodwill | 47,747 | 47,747 | 367,911 | 575,468 | 657,737 | 580,378 | |||
| Intangible assets, net (excluding goodwill) | 8,733 | 11,347 | 84,038 | 103,503 | 122,406 | 161,926 | |||
| Total noncurrent assets: | 114,509 | 161,125 | 581,028 | 803,897 | 935,990 | 880,089 | |||
| Other undisclosed assets | 13,763,719 | 16,360,474 | 17,807,645 | 17,867,905 | 15,959,654 | 9,656,034 | |||
| TOTAL ASSETS: | 14,164,197 | 16,758,896 | 18,591,501 | 18,991,977 | 17,387,529 | 10,978,177 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Debt | 1,085,198 | 1,203,355 | 1,340,388 | 1,176,956 | |||||
| Total current liabilities: | 1,085,198 | 1,203,355 | 1,340,388 | 1,176,956 | |||||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 2,129,000 | 2,157,424 | 2,267,799 | ||||||
| Capital lease obligations | 480 | 2,131 | |||||||
| Other undisclosed long-term debt and lease obligation | 2,129,000 | 2,156,944 | 2,265,668 | ||||||
| Liabilities, other than long-term debt | 5,601 | 9,414 | 64,554 | 14,914 | 20,550 | ||||
| Liability for uncertainty in income taxes | 5,601 | 9,414 | 64,554 | 14,914 | 20,550 | ||||
| Total noncurrent liabilities: | 5,601 | 2,138,414 | 2,221,978 | 2,282,713 | 20,550 | ||||
| Other undisclosed liabilities | 13,522,591 | 13,136,867 | 14,224,459 | 14,455,649 | 16,199,963 | 10,083,249 | |||
| Total liabilities: | 14,613,390 | 16,478,636 | 17,786,825 | 17,915,318 | 16,220,513 | 10,083,249 | |||
| Equity | |||||||||
| Equity, attributable to parent | (449,193) | 280,260 | 804,676 | 1,076,659 | 1,167,016 | 894,928 | |||
| Preferred stock | |||||||||
| Common stock | 374 | 364 | 355 | 377 | 374 | 367 | |||
| Additional paid in capital | 598,193 | 596,067 | 591,454 | 600,643 | 580,572 | 561,963 | |||
| Accumulated other comprehensive income | 1,057 | 933 | 813 | 395 | 498 | 493 | |||
| Retained earnings (accumulated deficit) | (1,048,817) | (317,104) | 212,054 | 475,244 | 585,572 | 332,105 | |||
| Total equity: | (449,193) | 280,260 | 804,676 | 1,076,659 | 1,167,016 | 894,928 | |||
| TOTAL LIABILITIES AND EQUITY: | 14,164,197 | 16,758,896 | 18,591,501 | 18,991,977 | 17,387,529 | 10,978,177 | |||
Income Statement (P&L) ($ in thousands)
| 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 831,260 | 995,717 | 1,274,259 | 1,487,153 | 1,802,499 | 666,989 | ||
| Contractually specified servicing fee, late fee, and ancillary fee earned in exchange for servicing financial asset | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Gain on disposition of assets for financial service operations | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Other operating income | 112,610 | 98,588 | 106,321 | 107,934 | 70,625 | |||
| Financial services revenue | ✕ | 631,073 | 750,439 | 948,107 | 2,141,743 | |||
| Cost of revenue | (1,321,305) | (1,455,336) | (332,177) | (817,017) | (505,348) | |||
| Gross profit: | (490,045) | (459,619) | 942,082 | 1,487,153 | 985,482 | 161,641 | ||
| Operating expenses | (11,061) | (336,816) | (1,379,579) | (1,967,018) | (566,236) | (163,013) | ||
| Other operating income, net | 1,038,342 | 396,029 | ||||||
| Other expenses | 1,038,342 | 375,610 | ||||||
| Operating income (loss): | (501,106) | (796,435) | (437,497) | (479,865) | 1,457,588 | 394,657 | ||
| Nonoperating income (expense) | 70,850 | 6,617 | 21,013 | 216 | 146,379 | (698) | ||
| Investment income, nonoperating | 70,850 | 6,617 | 144,357 | |||||
| Gains (losses) on sales of other real estate | 960 | 2,022 | (698) | |||||
| Other nonoperating income (expense) | 21,013 | (744) | ||||||
| Interest and debt expense | (261,244) | (255,781) | (268,946) | (303,103) | (285,144) | (228,250) | ||
| Other undisclosed income (loss) from continuing operations before equity method investments, income taxes | 281,004 | 663,412 | (906,005) | (201,160) | ||||
| Income (loss) from continuing operations before equity method investments, income taxes: | (691,500) | (1,045,599) | (404,426) | (119,340) | 412,818 | (35,451) | ||
| Other undisclosed income from continuing operations before income taxes | 261,244 | 255,781 | ||||||
| Income (loss) from continuing operations before income taxes: | (430,256) | (789,818) | (404,426) | (119,340) | 412,818 | (35,451) | ||
| Income tax expense (benefit) | 3,357 | 260,660 | 141,236 | 9,012 | (159,351) | 13,317 | ||
| Income (loss) from continuing operations: | (426,899) | (529,158) | (263,190) | (110,328) | 253,467 | (22,134) | ||
| Income (loss) before gain (loss) on sale of properties: | (426,899) | (529,158) | (263,190) | (110,328) | 253,467 | (22,134) | ||
| Net income (loss) attributable to parent: | (426,899) | (529,158) | (263,190) | (110,328) | 253,467 | (22,134) | ||
| Other undisclosed net loss available to common stockholders, basic | (3,719) | |||||||
| Net income (loss) available to common stockholders, basic: | (426,899) | (529,158) | (263,190) | (110,328) | 249,748 | (22,134) | ||
| Other undisclosed net income available to common stockholders, diluted | 68 | |||||||
| Net income (loss) available to common stockholders, diluted: | (426,899) | (529,158) | (263,190) | (110,328) | 249,816 | (22,134) | ||
Comprehensive Income ($ in thousands)
| 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (426,899) | (529,158) | (263,190) | (110,328) | 253,467 | (22,134) | ||
| Other comprehensive income (loss) | 10 | 120 | 418 | (103) | 5 | 77 | ||
| Comprehensive income (loss), net of tax, attributable to parent: | (426,889) | (529,038) | (262,772) | (110,431) | 253,472 | (22,057) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.