Home Point Capital Inc. (HMPT) financial statements (2022 and earlier)

Company profile

Business Address 2211 OLD EARHART ROAD
ANN ARBOR, MI 48105
State of Incorp.
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
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments171
Cash and cash equivalents171
Receivables11
Funds held for clients20
Total current assets:202
Noncurrent Assets
Operating lease, right-of-use asset12
Property, plant and equipment22
Intangible assets, net (including goodwill), including:11
Goodwill11
Other undisclosed intangible assets, net (including goodwill)(0)
Total noncurrent assets:45
Other undisclosed assets7,012
TOTAL ASSETS:7,258
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt4,719
Total current liabilities:4,719
Noncurrent Liabilities
Liabilities, other than long-term debt230
Deferred income tax liabilities230
Total noncurrent liabilities:230
Other undisclosed liabilities1,533
Total liabilities:6,482
Stockholders' equity
Stockholders' equity attributable to parent777
Additional paid in capital524
Retained earnings253
Total stockholders' equity:777
TOTAL LIABILITIES AND EQUITY:7,258

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

12/31/2021
Revenues1,094
Contractually specified servicing fee, late fee, and ancillary fee earned in exchange for servicing financial asset331
Gain on disposition of assets for financial service operations586
Cost of revenue(647)
Gross profit:447
Operating expenses(106)
Operating income:341
Nonoperating expense
(Mortgage Servicing Rights (MSR) Impairment (Recovery))
(114)
Interest and debt expense(169)
Other undisclosed income from continuing operations before equity method investments, income taxes151
Income from continuing operations before equity method investments, income taxes:209
Income from equity method investments15
Income from continuing operations before income taxes:224
Income tax expense(58)
Net income available to common stockholders, diluted:166

Comprehensive Income ($ in millions)

12/31/2021
Net income:166
Comprehensive income, net of tax, attributable to parent:166

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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