Flagstar Bancorp, Inc. (FBC) financial statements (2021 and earlier)

Company profile

Business Address 5151 CORPORATE DRIVE
TROY, MI 48098-2639
State of Incorp. MI
Fiscal Year End December 31
SIC 6035 - Savings Institutions, Federally Chartered (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments623426408204158208136
Cash and cash equivalents623426408204158208136
Disposal group, including discontinued operation      1,244
Total current assets:6234264082041582081,380
Noncurrent Assets
Operating lease, right-of-use asset2322
Property, plant and equipment392 390330275250238
Intangible assets, net (including goodwill), including:157170190    
Other undisclosed intangible assets, net (including goodwill)157170190    
Total noncurrent assets:572192580330275250238
Other undisclosed assets29,84322,64817,54316,37813,62013,2578,222
TOTAL ASSETS:31,03823,26618,53116,91214,05313,7159,840
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt3,9004,1656,4888,5203,5602,291 
Total current liabilities:3,9004,1656,4888,5203,5602,291 
Noncurrent Liabilities
Other undisclosed liabilities24,93717,31310,4736,9939,1579,8958,467
Total liabilities:28,83721,47816,96115,51312,71712,1868,467
Stockholders' equity
Stockholders' equity attributable to parent, including:2,2011,7881,5701,3991,3361,5291,373
Additional paid in capital1,3461,4831,5221,5121,5031,4861,482
Accumulated other comprehensive income (loss)471(47)(16)(7)28
Retained earnings (accumulated deficit)80730394(98)(161)(227)(385)
Other undisclosed stockholders' equity attributable to parent11111268267
Total stockholders' equity:2,2011,7881,5701,3991,3361,5291,373
TOTAL LIABILITIES AND EQUITY:31,03823,26618,53116,91214,05313,7159,840

Income statement (P&L) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues1,7201,052936860781702607
Gain on disposition of assets for financial service operations971335200
Net investment income749717597447349296246
Financial services revenue268432406325
Cost of revenue(149)(18) (6)  (132)
Provision for loan, lease, and other losses(149)(18) 
Financial services costs(6)  (132)
Gross profit:1,5711,034936854781702476
Operating expenses(130)(112)(78)(82)(51)(54)31
Other operating income, net
(Noninterest Income, Other Operating Income)
     1810
Operating income:1,441922858772730666516
Nonoperating income
(Investment Income, Nonoperating)
      9
Interest and debt expense(134)(232)(186)(137)(94)(68)(39)
Other undisclosed loss from continuing operations before equity method investments, income taxes(603)(424)(440)(424)(378)(358)(589)
Income (loss) from continuing operations before income taxes:704266232211258240(103)
Income tax expense (benefit)(166)(48)(45)(148)(87)(82)34
Net income (loss) attributable to parent:53821818763171158(69)
Preferred stock dividends and other adjustments      (0)
Net income (loss) available to common stockholders, diluted:53821818763171158(70)

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):53821818763171158(69)
Comprehensive income (loss):53821818763171158(69)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent4648(31)(9)(9)(6)13
Comprehensive income (loss), net of tax, attributable to parent:58426615654162152(56)

Statements sources

The financial statements are based on the company's filings with the 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.

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