Finance of America Companies Inc. (FOA) financial statements (2022 and earlier)

Company profile

Business Address 909 LAKE CAROLYN PARKWAY
IRVING, TX 75039
State of Incorp. DE
Fiscal Year End December 31
SIC 6162 - Mortgage Bankers and Loan Correspondents (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

Current Assets
Cash, cash equivalents, and short-term investments1521
Cash and cash equivalents1411
Short-term investments11 
Restricted cash and investments322 
Prepaid expense240
Total current assets:4981
Noncurrent Assets
Operating lease, right-of-use asset63 
Property, plant and equipment29 
Intangible assets, net (including goodwill)603 
Intangible assets, net (excluding goodwill)603 
Assets held-in-trust 293
Total noncurrent assets:695293
Other undisclosed assets20,596 
TOTAL ASSETS:21,789294
Current Liabilities
Accounts payable and accrued liabilities 2
Accounts payable 1
Accrued liabilities 1
Derivative instruments and hedges, liabilities27 
Total current liabilities:272
Noncurrent Liabilities
Other undisclosed noncurrent liabilities 45
Total noncurrent liabilities: 45
Other undisclosed liabilities20,679 
Total liabilities:20,70646
Temporary equity, carrying amount 288
Stockholders' equity
Stockholders' equity attributable to parent388(40)
Common stock 0
Additional paid in capital832 
Accumulated other comprehensive loss(0) 
Accumulated deficit(444)(40)
Stockholders' equity attributable to noncontrolling interest695 
Other undisclosed stockholders' equity0 
Total stockholders' equity:1,083(40)

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

Operating expenses(86)(2)
Operating loss:(86)(2)
Net loss:(86)(2)
Other undisclosed net loss attributable to parent (15)
Net loss available to common stockholders, diluted:(86)(18)

Comprehensive Income ($ in millions)

Net loss:(86)(2)
Comprehensive loss, net of tax, attributable to parent:(86)(2)

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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