Impac Mortgage Holdings, Inc. (IMH) financial statements (2022 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments30542523334032
Cash and cash equivalents30542523334032
Restricted cash and investments66127663
Receivables     6336
Disposal group, including discontinued operation      310
Other current assets      39
Total current assets:3560373039109421
Noncurrent Assets
Operating lease, right-of-use asset1014 
Property, plant and equipment111111 
Intangible assets, net (including goodwill)   18126131135
Goodwill    105105105
Intangible assets, net (excluding goodwill)   18222630
Deferred tax assets, net   24
Total noncurrent assets:1114119127132159
Other undisclosed assets1,9772,2953,5083,5984,5164,6234,631
TOTAL ASSETS:2,0232,3693,5463,6484,6824,8645,211
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt286152702284575421326
Total current liabilities:286152702284575421326
Noncurrent Liabilities
Long-term debt and lease obligation     3030
Long-term debt, excluding current maturities     3030
Liabilities, other than long-term debt 44    
Deferred rent credit 44 
Total noncurrent liabilities: 44  3030
Other undisclosed liabilities1,7272,1982,7373,2543,8414,1824,741
Total liabilities:2,0132,3543,4423,5384,4174,6335,097
Stockholders' equity
Stockholders' equity attributable to parent, including:1016104110265231114
Common stock0000000
Additional paid in capital1,2381,2371,2361,2351,2341,1681,098
Accumulated other comprehensive income22252524   
Accumulated deficit(1,250)(1,246)(1,157)(1,149)(969)(937)(984)
Other undisclosed stockholders' equity attributable to parent0000000
Total stockholders' equity:1016104110265231114
TOTAL LIABILITIES AND EQUITY:2,0232,3693,5463,6484,6824,8645,211

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues66(8)91105139298167
Contractually specified servicing fee, late fee, and ancillary fee earned in exchange for servicing financial asset0515 
Gain on disposition of assets for financial service operations651499 
Financial services revenue110175329169
Gross profit:66(8)91105139298167
Operating expenses(81)(81)(97)(249)(156)(238)(96)
Operating income (loss):(15)(89)(6)(144)(18)6071
Nonoperating income (expense)111(2)46(12)(12)
Investment income, nonoperating   (1)2(1)0
Mortgage servicing rights (msr) impairment (recovery)(0)(22)(26)4(38)(24)(11)
Interest and debt expense(63)(114)(156)(184)(1)(261)(275)
Other undisclosed income from continuing operations before equity method investments, income taxes 1141561841261275
Income (loss) from continuing operations before equity method investments, income taxes:(67)(88)(8)(140)(11)4859
Other undisclosed income from continuing operations before income taxes63      
Income (loss) from continuing operations before income taxes:(4)(88)(8)(140)(11)4859
Income tax expense (benefit)(0)(0)0(5)(20)(1)22
Net income (loss) attributable to parent:(4)(88)(8)(145)(32)4781
Preferred stock dividends and other adjustments(1)      
Net income (loss) available to common stockholders, basic:(5)(88)(8)(145)(32)4781
Interest on convertible debt     23
Net income (loss) available to common stockholders, diluted:(5)(88)(8)(145)(32)4984

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):(4)(88)(8)(145)(32)4781
Comprehensive income (loss):(4)(88)(8)(145)(32)4781
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(3)(0)1(3)   
Comprehensive income (loss), net of tax, attributable to parent:(7)(88)(7)(149)(32)4781

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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