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 | |||
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ASSETS | |||||||||
Current Assets | |||||||||
Cash, cash equivalents, and short-term investments | 29,555 | 54,150 | 24,666 | 23,200 | 33,223 | 40,096 | |||
Cash and cash equivalents | 29,555 | 54,150 | 24,666 | 23,200 | 33,223 | 40,096 | |||
Restricted cash and investments | 5,657 | 5,602 | 12,466 | 6,989 | 5,876 | 5,971 | |||
Receivables | 62,937 | ||||||||
Total current assets: | 35,212 | 59,752 | 37,132 | 30,189 | 39,099 | 109,004 | |||
Noncurrent Assets | |||||||||
Operating lease, right-of-use asset | 10,209 | 13,512 | ✕ | ✕ | ✕ | ||||
Property, plant and equipment | 636 | 930 | 1,250 | 1,109 | 862 | 976 | |||
Intangible assets, net (including goodwill) | 18,347 | 126,169 | 130,716 | ||||||
Goodwill | 104,587 | 104,938 | |||||||
Intangible assets, net (excluding goodwill) | 18,347 | 21,582 | 25,778 | ||||||
Total noncurrent assets: | 10,845 | 14,442 | 1,250 | 19,456 | 127,031 | 131,692 | |||
Other undisclosed assets | 1,976,714 | 2,295,112 | 3,507,897 | 3,598,298 | 4,515,570 | 4,623,038 | |||
TOTAL ASSETS: | 2,022,771 | 2,369,306 | 3,546,279 | 3,647,943 | 4,681,700 | 4,863,734 | |||
LIABILITIES AND EQUITY | |||||||||
Liabilities | |||||||||
Current Liabilities | |||||||||
Debt | 285,539 | 151,932 | 701,563 | 284,137 | 575,363 | 420,573 | |||
Total current liabilities: | 285,539 | 151,932 | 701,563 | 284,137 | 575,363 | 420,573 | |||
Noncurrent Liabilities | |||||||||
Long-term debt and lease obligation | 29,910 | ||||||||
Long-term debt, excluding current maturities | 29,910 | ||||||||
Liabilities, other than long-term debt | 3,800 | 3,800 | |||||||
Deferred rent credit | 3,800 | 3,800 | ✕ | ✕ | |||||
Total noncurrent liabilities: | 3,800 | 3,800 | 29,910 | ||||||
Other undisclosed liabilities | 1,727,296 | 2,197,923 | 2,736,679 | 3,253,631 | 3,841,190 | 4,182,211 | |||
Total liabilities: | 2,012,835 | 2,353,655 | 3,442,042 | 3,537,768 | 4,416,553 | 4,632,694 | |||
Equity | |||||||||
Equity, attributable to parent, including: | 9,936 | 15,651 | 104,237 | 110,175 | 265,147 | 231,040 | |||
Common stock | 213 | 212 | 212 | 211 | 209 | 160 | |||
Additional paid in capital | 1,237,986 | 1,237,102 | 1,236,237 | 1,235,108 | 1,233,704 | 1,168,125 | |||
Accumulated other comprehensive income | 22,044 | 24,766 | 24,786 | 23,877 | |||||
Accumulated deficit | (1,250,328) | (1,246,450) | (1,157,019) | (1,149,042) | (968,787) | (937,266) | |||
Other undisclosed equity, attributable to parent | 21 | 21 | 21 | 21 | 21 | 21 | |||
Total equity: | 9,936 | 15,651 | 104,237 | 110,175 | 265,147 | 231,040 | |||
TOTAL LIABILITIES AND EQUITY: | 2,022,771 | 2,369,306 | 3,546,279 | 3,647,943 | 4,681,700 | 4,863,734 |
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 | ||
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Revenues | 66,319 | (8,092) | 90,628 | 105,000 | 138,705 | 297,756 | ||
Contractually specified servicing fee, late fee, and ancillary fee earned in exchange for servicing financial asset | 193 | 5,226 | 15,327 | ✕ | ✕ | |||
Gain on disposition of assets for financial service operations | 65,294 | 14,004 | 98,830 | ✕ | ✕ | |||
Financial services revenue | ✕ | ✕ | ✕ | ✕ | 110,418 | 174,581 | 328,688 | |
Gross profit: | 66,319 | (8,092) | 90,628 | 105,000 | 138,705 | 297,756 | ||
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) | 11,078 | 1,348 | (1,930) | 3,946 | 6,342 | (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 | 113,771 | 155,868 | 184,331 | 1,265 | 260,810 | |||
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 taxes | 63,268 | |||||||
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 | ||
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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.