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)
| 12/31/2021 | 12/31/2020 | |||
|---|---|---|---|---|
| ASSETS | ||||
| Current Assets | ||||
| Cash, cash equivalents, and short-term investments | 152 | 1 | ||
| Cash and cash equivalents | 141 | 1 | ||
| Short-term investments | 11 | |||
| Restricted cash and investments | 322 | |||
| Prepaid expense | 24 | 0 | ||
| Total current assets: | 498 | 1 | ||
| Noncurrent Assets | ||||
| Operating lease, right-of-use asset | 63 | |||
| Property, plant and equipment | 29 | |||
| Intangible assets, net (including goodwill) | 603 | |||
| Intangible assets, net (excluding goodwill) | 603 | |||
| Assets held-in-trust | 293 | |||
| Total noncurrent assets: | 695 | 293 | ||
| Other undisclosed assets | 20,596 | |||
| TOTAL ASSETS: | 21,789 | 294 | ||
| LIABILITIES AND EQUITY | ||||
| Liabilities | ||||
| Current Liabilities | ||||
| Accounts payable and accrued liabilities | 2 | |||
| Accounts payable | 1 | |||
| Accrued liabilities | 1 | |||
| Derivative instruments and hedges, liabilities | 27 | |||
| Total current liabilities: | 27 | 2 | ||
| Noncurrent Liabilities | ||||
| Other undisclosed noncurrent liabilities | 45 | |||
| Total noncurrent liabilities: | 45 | |||
| Other undisclosed liabilities | 20,679 | |||
| Total liabilities: | 20,706 | 46 | ||
| Temporary equity, carrying amount | 288 | |||
| Stockholders' equity | ||||
| Stockholders' equity attributable to parent | 388 | (40) | ||
| Common stock | 0 | |||
| Additional paid in capital | 832 | |||
| Accumulated other comprehensive loss | (0) | |||
| Accumulated deficit | (444) | (40) | ||
| Stockholders' equity attributable to noncontrolling interest | 695 | |||
| Other undisclosed stockholders' equity | 0 | |||
| Total stockholders' equity: | 1,083 | (40) | ||
| TOTAL LIABILITIES AND EQUITY: | 21,789 | 294 | ||
Income statement (P&L) ($ in millions)
| 12/31/2021 | 12/31/2020 | ||
|---|---|---|---|
| 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)
| 12/31/2021 | 12/31/2020 | ||
|---|---|---|---|
| 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.