Flagstar Bancorp, Inc. (FBC) financial statements (2020 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)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments353408204158208136281
Cash and cash equivalents353408204158208136281
Disposal group, including discontinued operation     1,244 
Total current assets:3534082041582081,380281
Noncurrent Assets
Operating lease, right-of-use asset21
Property, plant and equipment417390330275250238231
Intangible assets, net (including goodwill), including:174190    
Other undisclosed intangible assets, net (including goodwill)174190    
Total noncurrent assets:612580330275250238231
Other undisclosed assets21,08317,54316,37813,62013,2578,2228,895
TOTAL ASSETS:22,04818,53116,91214,05313,7159,8409,407
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt2,3296,4888,5203,5602,291  
Estimated litigation liability      93
Total current liabilities:2,3296,4888,5203,5602,291 93
Noncurrent Liabilities
Other undisclosed liabilities17,98510,4736,9939,1579,8958,4677,888
Total liabilities:20,31416,96115,51312,71712,1868,4677,981
Stockholders' equity
Stockholders' equity attributable to parent, including:1,7341,5701,3991,3361,5291,3731,426
Additional paid in capital1,4811,5221,5121,5031,4861,4821,479
Accumulated other comprehensive income (loss)5(47)(16)(7)28(5)
Retained earnings (accumulated deficit)24794(98)(161)(227)(385)(315)
Other undisclosed stockholders' equity attributable to parent1111268267267
Total stockholders' equity:1,7341,5701,3991,3361,5291,3731,426
TOTAL LIABILITIES AND EQUITY:22,04818,53116,91214,05313,7159,8409,407

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

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues1,108936860781702607839
Gain on disposition of assets for financial service operations268200
Net investment income679597447349296246 
Financial services revenue268432406325 
Cost of revenue(18) (6)  (132)(70)
Provision for loan, lease, and other losses(18) 
Financial services costs(6)  (132)(70)
Gross profit:1,090936854781702476769
Operating expenses(108)(78)(82)(51)(54)31(41)
Other operating income, net
(Noninterest Income, Other Operating Income)
    181071
Operating income:982858772730666516798
Nonoperating income     97
Investment income, nonoperating     92
Mortgage servicing rights (msr) impairment (recovery)      5
Interest and debt expense(200)(186)(137)(94)(68)(39)(322)
Other undisclosed loss from continuing operations before equity method investments, income taxes(519)(440)(424)(378)(358)(589)(632)
Income (loss) from continuing operations before income taxes:263232211258240(103)(149)
Income tax expense (benefit)(49)(45)(148)(87)(82)34416
Net income (loss) attributable to parent:21418763171158(69)267
Preferred stock dividends and other adjustments     (0)(6)
Net income (loss) available to common stockholders, diluted:21418763171158(70)261

Comprehensive Income ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):21418763171158(69)267
Comprehensive income (loss):21418763171158(69)267
Other undisclosed comprehensive income (loss), net of tax, attributable to parent47(31)(9)(9)(6)13(3)
Comprehensive income (loss), net of tax, attributable to parent:26115654162152(56)264

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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