First Marblehead Corp (FMD) financial statements (2020 and earlier)

Company profile

Business Address ONE CABOT ROAD
MEDFORD, MA 02155
State of Incorp.
Fiscal Year End June 30
SIC 6141 - Personal Credit Institutions (benchmarking)
More info Complete financial analysis Financial benchmarking

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

6/30/2015
6/30/2014
6/30/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments6374137
Cash and cash equivalents473482
Short-term investments164055
Disposal group, including discontinued operation 86 
Total current assets:63160137
Noncurrent Assets
Property, plant and equipment566
Intangible assets, net (including goodwill)404244
Goodwill202020
Intangible assets, net (excluding goodwill)192224
Deferred costs  0
Total noncurrent assets:454850
Other undisclosed assets133235285
TOTAL ASSETS:241443472
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities139296293
Total liabilities:139296293
Stockholders' equity
Stockholders' equity attributable to parent102146179
Common stock001
Treasury stock, value(188)(188)(187)
Additional paid in capital467462457
Accumulated other comprehensive income (loss) 0(1)
Accumulated deficit(176)(128)(91)
Total stockholders' equity:102146179
TOTAL LIABILITIES AND EQUITY:241443472

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

6/30/2015
6/30/2014
6/30/2013
Revenues464444
Cost of revenue
(Financial Services Costs)
  (0)
Gross profit:464444
Operating expenses(88)(84)(63)
Operating loss:(42)(40)(19)
Nonoperating income
(Other Nonoperating income)
011
Interest and debt expense(0)(0)(1)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes 0(29)
Loss from continuing operations before equity method investments, income taxes:(42)(39)(48)
Other undisclosed income from continuing operations before income taxes0  
Loss from continuing operations before income taxes:(42)(39)(48)
Income tax expense(1)(1)(2)
Loss from continuing operations:(43)(40)(50)
Income (loss) from discontinued operations(5)2 
Net loss available to common stockholders, diluted:(48)(38)(50)

Comprehensive Income ($ in millions)

6/30/2015
6/30/2014
6/30/2013
Net loss:(48)(38)(50)
Other comprehensive income (loss)(0)1(1)
Comprehensive loss, net of tax, attributable to parent:(48)(37)(52)

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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