Impac Mortgage Holdings, Inc. (IMH) Financial Statements (2024 and earlier)

Company Profile

Business Address 4000 MACARTHUR BLVD.
NEWPORT BEACH, CA 92660
State of Incorp. MD
Fiscal Year End December 31
Industry (SIC) 6798 - Real Estate Investment Trusts (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments29,55554,15024,66623,20033,22340,096
Cash and cash equivalents29,55554,15024,66623,20033,22340,096
Restricted cash and investments5,6575,60212,4666,9895,8765,971
Receivables      62,937
Total current assets:35,21259,75237,13230,18939,099109,004
Noncurrent Assets
Operating lease, right-of-use asset10,20913,512 
Property, plant and equipment6369301,2501,109862976
Intangible assets, net (including goodwill)    18,347126,169130,716
Goodwill     104,587104,938
Intangible assets, net (excluding goodwill)    18,34721,58225,778
Total noncurrent assets:10,84514,4421,25019,456127,031131,692
Other undisclosed assets1,976,7142,295,1123,507,8973,598,2984,515,5704,623,038
TOTAL ASSETS:2,022,7712,369,3063,546,2793,647,9434,681,7004,863,734
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt285,539151,932701,563284,137575,363420,573
Total current liabilities:285,539151,932701,563284,137575,363420,573
Noncurrent Liabilities
Long-term debt and lease obligation      29,910
Long-term debt, excluding current maturities      29,910
Liabilities, other than long-term debt  3,8003,800   
Deferred rent credit  3,8003,800 
Total noncurrent liabilities:  3,8003,800  29,910
Other undisclosed liabilities1,727,2962,197,9232,736,6793,253,6313,841,1904,182,211
Total liabilities:2,012,8352,353,6553,442,0423,537,7684,416,5534,632,694
Equity
Equity, attributable to parent, including:9,93615,651104,237110,175265,147231,040
Common stock213212212211209160
Additional paid in capital1,237,9861,237,1021,236,2371,235,1081,233,7041,168,125
Accumulated other comprehensive income22,04424,76624,78623,877  
Accumulated deficit(1,250,328)(1,246,450)(1,157,019)(1,149,042)(968,787)(937,266)
Other undisclosed equity, attributable to parent212121212121
Total equity:9,93615,651104,237110,175265,147231,040
TOTAL LIABILITIES AND EQUITY:2,022,7712,369,3063,546,2793,647,9434,681,7004,863,734

Income Statement (P&L) ($ in thousands)

12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues66,319(8,092)90,628105,000138,705297,756
Contractually specified servicing fee, late fee, and ancillary fee earned in exchange for servicing financial asset1935,22615,327 
Gain on disposition of assets for financial service operations65,29414,00498,830 
Financial services revenue110,418174,581328,688
Gross profit:66,319(8,092)90,628105,000138,705297,756
Operating expenses(81,204)(81,273)(96,920)(249,352)(156,430)(238,043)
Operating income (loss):(14,885)(89,365)(6,292)(144,352)(17,725)59,713
Nonoperating income (expense)11,0781,348(1,930)3,9466,342(11,950)
Investment income, nonoperating    (1,445)2,117(1,365)
Mortgage servicing rights (msr) impairment (recovery)(126)(21,962)(25,771)3,757(37,904)(24,388)
Interest and debt expense(63,268)(113,771)(155,868)(184,331)(1,265)(260,810)
Other undisclosed income from continuing operations before equity method investments, income taxes  113,771155,868184,3311,265260,810
Income (loss) from continuing operations before equity method investments, income taxes:(67,075)(88,017)(8,222)(140,406)(11,383)47,763
Other undisclosed income from continuing operations before income taxes63,268     
Income (loss) from continuing operations before income taxes:(3,807)(88,017)(8,222)(140,406)(11,383)47,763
Income tax expense (benefit)(71)(133)245(5,004)(20,138)(1,093)
Income (loss) from continuing operations:(3,878)(88,150)(7,977)(145,410)(31,521)46,670
Income (loss) before gain (loss) on sale of properties:(3,878)(88,150)(7,977)(145,410)(31,521)46,670
Net income (loss) attributable to parent:(3,878)(88,150)(7,977)(145,410)(31,521)46,670
Preferred stock dividends and other adjustments(780)     
Net income (loss) available to common stockholders, basic:(4,658)(88,150)(7,977)(145,410)(31,521)46,670
Interest on convertible debt      2,463
Net income (loss) available to common stockholders, diluted:(4,658)(88,150)(7,977)(145,410)(31,521)49,133

Comprehensive Income ($ in thousands)

12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income (loss):(3,878)(88,150)(7,977)(145,410)(31,521)46,670
Comprehensive income (loss):(3,878)(88,150)(7,977)(145,410)(31,521)46,670
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(2,722)(20)909(3,141)  
Comprehensive income (loss), net of tax, attributable to parent:(6,600)(88,170)(7,068)(148,551)(31,521)46,670

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.

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