Nationstar Mortgage Holdings Inc (NSM) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
8950 CYPRESS WATERS BOULEVARD COPPELL, TX 75019 |
| State of Incorp. | DE |
| 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)
| 6/30/2018 MRQ | 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 | 215,000 | 489,000 | 613,241 | 299,002 | 441,902 | 152,649 | |||
| Cash and cash equivalents | 215,000 | 489,000 | 613,241 | 299,002 | 441,902 | 152,649 | |||
| Receivables | 229,452 | 350,179 | 105,693 | 39,029 | |||||
| Total current assets: | 215,000 | 489,000 | 842,693 | 649,181 | 547,595 | 191,678 | |||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 121,000 | 136,000 | 142,836 | 129,611 | 119,185 | 75,026 | |||
| Long-term investments and receivables | 4,000 | ||||||||
| Long-term investments | 4,000 | ||||||||
| Intangible assets, net (including goodwill) | 91,000 | 102,000 | 121,010 | 74,323 | 60,557 | ✕ | |||
| Goodwill | 72,000 | 74,000 | 71,141 | 54,701 | 38,820 | ||||
| Intangible assets, net (excluding goodwill) | 19,000 | 28,000 | 49,869 | 19,622 | 21,737 | ||||
| Total noncurrent assets: | 216,000 | 238,000 | 263,846 | 203,934 | 179,742 | 75,026 | |||
| Other undisclosed assets | 17,605,000 | 18,866,000 | 15,547,531 | 10,259,560 | 13,299,352 | 6,859,439 | |||
| TOTAL ASSETS: | 18,036,000 | 19,593,000 | 16,654,070 | 11,112,675 | 14,026,689 | 7,126,143 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Noncurrent Liabilities | |||||||||
| Other undisclosed liabilities | 16,314,000 | 17,910,000 | 14,886,693 | 9,888,397 | 13,036,791 | 6,368,461 | |||
| Total liabilities: | 16,314,000 | 17,910,000 | 14,886,693 | 9,888,397 | 13,036,791 | 6,368,461 | |||
| Equity | |||||||||
| Equity, attributable to parent | 1,715,000 | 1,677,000 | 1,758,114 | 1,218,982 | 984,908 | 757,682 | |||
| Common stock | 1,000 | 1,000 | 1,084 | 910 | 906 | 905 | |||
| Treasury stock, value | (148,000) | (147,000) | (29,780) | (12,433) | (6,944) | ||||
| Common stock held by subsidiary | (4,566) | ||||||||
| Additional paid in capital | 1,131,000 | 1,122,000 | 1,104,972 | 587,446 | 566,642 | 556,056 | |||
| Accumulated other comprehensive income | 1,963 | ||||||||
| Retained earnings | 731,000 | 701,000 | 681,838 | 643,059 | 422,341 | 205,287 | |||
| Equity, attributable to noncontrolling interest | 7,000 | 6,000 | 9,263 | 5,296 | 4,990 | ||||
| Total equity: | 1,722,000 | 1,683,000 | 1,767,377 | 1,224,278 | 989,898 | 757,682 | |||
| TOTAL LIABILITIES AND EQUITY: | 18,036,000 | 19,593,000 | 16,654,070 | 11,112,675 | 14,026,689 | 7,126,143 | |||
Income Statement (P&L) ($ in thousands)
| 6/30/2018 TTM | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 1,650,000 | 1,915,000 | 1,988,635 | 1,973,068 | 2,086,985 | 984,315 | ||
| Financial services revenue | 607,000 | 797,000 | 683,875 | 1,973,068 | 1,384,222 | 497,151 | ||
| Cost of revenue (Amortization of Mortgage Servicing Rights (MSRs)) | (5,120) | |||||||
| Gross profit: | 1,650,000 | 1,915,000 | 1,988,635 | 1,973,068 | 2,086,985 | 979,195 | ||
| Operating expenses | (1,475,000) | (1,644,000) | (1,687,579) | (1,357,691) | (1,402,278) | (582,045) | ||
| Operating income: | 175,000 | 271,000 | 301,056 | 615,377 | 684,707 | 397,150 | ||
| Nonoperating expense | (131,000) | (242,000) | (246,881) | (329,493) | (338,453) | (125,687) | ||
| Mortgage servicing rights (msr) impairment (recovery) | (233,537) | (59,101) | 68,242 | |||||
| Interest and debt expense | (731,000) | (665,000) | 8,237 | (519,787) | (538,805) | (197,308) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | (687,000) | (636,000) | 62,412 | (233,903) | (192,551) | 74,155 | ||
| Loss from equity method investments | (14,571) | |||||||
| Other undisclosed income (loss) from continuing operations before income taxes | 731,000 | 665,000 | (8,237) | 519,787 | 538,805 | 216,999 | ||
| Income from continuing operations before income taxes: | 44,000 | 29,000 | 54,175 | 285,884 | 346,254 | 276,583 | ||
| Income tax expense | (13,000) | (13,000) | (11,012) | (64,860) | (129,200) | (71,296) | ||
| Income from continuing operations: | 31,000 | 16,000 | 43,163 | 221,024 | 217,054 | 205,287 | ||
| Income before gain (loss) on sale of properties: | 31,000 | 16,000 | 43,163 | 221,024 | 217,054 | 205,287 | ||
| Net income: | 31,000 | 16,000 | 43,163 | 221,024 | 217,054 | 205,287 | ||
| Net income (loss) attributable to noncontrolling interest | (1,000) | 3,000 | (4,384) | (306) | ||||
| Net income available to common stockholders, diluted: | 30,000 | 19,000 | 38,779 | 220,718 | 217,054 | 205,287 | ||
Comprehensive Income ($ in thousands)
| 6/30/2018 TTM | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 31,000 | 16,000 | 43,163 | 221,024 | 217,054 | 205,287 | ||
| Comprehensive income: | 31,000 | 16,000 | 43,163 | 221,024 | 217,054 | 205,287 | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (1,000) | 3,000 | (4,384) | (306) | ||||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (1,963) | 1,963 | ||||||
| Comprehensive income, net of tax, attributable to parent: | 30,000 | 19,000 | 38,779 | 218,755 | 219,017 | 205,287 | ||
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.