Impac Mortgage Holdings, Inc. (IMH) financial statements (2021 and earlier)

Company profile

Business Address 19500 JAMBOREE ROAD
IRVINE, CA 92612
State of Incorp. MD
Fiscal Year End December 31
SIC 6798 - Real Estate Investment Trusts (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments54252333403210
Cash and cash equivalents54252333403210
Restricted cash and investments61276632
Receivables    6336 
Disposal group, including discontinued operation     310 
Other current assets     3934
Total current assets:6037303910942146
Noncurrent Assets
Operating lease, right-of-use asset14 
Property, plant and equipment11111 2
Intangible assets, net (including goodwill)  18126131135 
Goodwill   105105105 
Intangible assets, net (excluding goodwill)  18222630 
Deferred tax assets, net   24 
Total noncurrent assets:141191271321592
Other undisclosed assets2,2953,5083,5984,5164,6234,6315,531
TOTAL ASSETS:2,3693,5463,6484,6824,8645,2115,579
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt1527022845754213266
Total current liabilities:1527022845754213266
Noncurrent Liabilities
Long-term debt and lease obligation    3030 
Long-term debt, excluding current maturities    3030 
Liabilities, other than long-term debt44     
Deferred rent credit44 
Total noncurrent liabilities:44  3030 
Other undisclosed liabilities2,1982,7373,2543,8414,1824,7415,548
Total liabilities:2,3543,4423,5384,4174,6335,0975,554
Stockholders' equity
Stockholders' equity attributable to parent, including:1610411026523111425
Common stock0000000
Additional paid in capital1,2371,2361,2351,2341,1681,0981,090
Accumulated other comprehensive income252524    
Accumulated deficit(1,246)(1,157)(1,149)(969)(937)(984)(1,065)
Other undisclosed stockholders' equity attributable to parent000000 
Other undisclosed stockholders' equity      0
Total stockholders' equity:1610411026523111425
TOTAL LIABILITIES AND EQUITY:2,3693,5463,6484,6824,8645,2115,579

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues(8)9110513929816745
Revenue, net681015
Contractually specified servicing fee, late fee, and ancillary fee earned in exchange for servicing financial asset515 
Gain on disposition of assets for financial service operations1499 
Financial services revenue110175329169 
Cost of revenue
(Cost of Goods and Services Sold)
      (6)
Gross profit:(8)9110513929816740
Operating expenses(81)(97)(249)(156)(238)(96)(56)
Other operating income, net
(Noninterest Income, Other Operating Income)
      2
Operating income (loss):(89)(6)(144)(18)6071(15)
Nonoperating income (expense)1(2)46(12)(12)8
Investment income, nonoperating  (1)2(1)0 
Mortgage servicing rights (msr) impairment (recovery)(22)(26)4(38)(24)(11)6
Interest and debt expense(114)(156)(184)(1)(261)(275)(295)
Other undisclosed income from continuing operations before equity method investments, income taxes1141561841261275298
Income (loss) from continuing operations before income taxes:(88)(8)(140)(11)4859(3)
Income tax expense (benefit)(0)0(5)(20)(1)22(1)
Income (loss) from continuing operations:(88)(8)(145)(32)4781(4)
Loss from discontinued operations      (2)
Net income (loss) available to common stockholders, basic:(88)(8)(145)(32)4781(6)
Interest on convertible debt    23 
Net income (loss) available to common stockholders, diluted:(88)(8)(145)(32)4984(6)

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):(88)(8)(145)(32)4781(6)
Comprehensive income (loss):(88)(8)(145)(32)4781(6)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(0)1(3)    
Comprehensive income (loss), net of tax, attributable to parent:(88)(7)(149)(32)4781(6)

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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