Flagstar Bancorp, Inc. (FBC) financial statements (2022 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,051623426408204158208
Cash and cash equivalents1,051623426408204158208
Total current assets:1,051623426408204158208
Noncurrent Assets
Operating lease, right-of-use asset182322
Property, plant and equipment360392 390330275250
Intangible assets, net (including goodwill), including:147157170190   
Other undisclosed intangible assets, net (including goodwill)147157170190   
Total noncurrent assets:525572192580330275250
Other undisclosed assets23,90729,84322,64817,54316,37813,62013,257
TOTAL ASSETS:25,48331,03823,26618,53116,91214,05313,715
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt1,8803,9004,1656,4888,5203,5602,291
Total current liabilities:1,8803,9004,1656,4888,5203,5602,291
Noncurrent Liabilities
Other undisclosed liabilities20,88524,93717,31310,4736,9939,1579,895
Total liabilities:22,76528,83721,47816,96115,51312,71712,186
Stockholders' equity
Stockholders' equity attributable to parent, including:2,7182,2011,7881,5701,3991,3361,529
Additional paid in capital1,3551,3461,4831,5221,5121,5031,486
Accumulated other comprehensive income (loss)35471(47)(16)(7)2
Retained earnings (accumulated deficit)1,32780730394(98)(161)(227)
Other undisclosed stockholders' equity attributable to parent111111268
Total stockholders' equity:2,7182,2011,7881,5701,3991,3361,529
TOTAL LIABILITIES AND EQUITY:25,48331,03823,26618,53116,91214,05313,715

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues1,4191,7201,052936860781702
Gain on disposition of assets for financial service operations655971335200
Net investment income764749717597447349296
Financial services revenue268432406
Cost of revenue (149)(18) (6)  
Provision for loan, lease, and other losses (149)(18) 
Financial services costs(6)  
Gross profit:1,4191,5711,034936854781702
Operating expenses(147)(130)(112)(78)(82)(51)(54)
Other operating income, net
(Noninterest Income, Other Operating Income)
      18
Operating income:1,2721,441922858772730666
Interest and debt expense(63)(134)(232)(186)(137)(94)(68)
Other undisclosed loss from continuing operations before equity method investments, income taxes (603)(424)(440)(424)(378)(358)
Income from continuing operations before equity method investments, income taxes:1,209704266232211258240
Other undisclosed loss from continuing operations before income taxes(519)      
Income from continuing operations before income taxes:690704266232211258240
Income tax expense(157)(166)(48)(45)(148)(87)(82)
Net income available to common stockholders, diluted:53353821818763171158

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:53353821818763171158
Comprehensive income:53353821818763171158
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(12)4648(31)(9)(9)(6)
Comprehensive income, net of tax, attributable to parent:52158426615654162152

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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