Novation Companies Inc (NOVS) financial statements (2021 and earlier)

Company profile

Business Address 9229 WARD PARKWAY
KANSAS CITY, MO 64114
State of Incorp. MD
Fiscal Year End December 31
SIC 6531 - Real Estate Agents and Managers (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments29151520359
Cash and cash equivalents2935359
Short-term investments 012101830 
Receivables768  16
Prepaid expense1      
Disposal group, including discontinued operation   021 
Other current assets0011123
Other undisclosed current assets 0    5
Total current assets:9162316233823
Noncurrent Assets
Operating lease, right-of-use asset0
Property, plant and equipment0   065
Long-term investments and receivables    116 
Long-term investments    116 
Intangible assets, net (including goodwill)101516   3
Goodwill488   3
Intangible assets, net (excluding goodwill)678    
Disposal group, including discontinued operation, noncurrent assets    6 
Other noncurrent assets0 00012
Other undisclosed noncurrent assets 0 27 11
Total noncurrent assets:1015172792411
TOTAL ASSETS:19314043326234
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:11611410
Accounts payable      3
Accrued liabilities 01   6
Employee-related liabilities334    
Interest and dividends payable 11    
Other undisclosed accounts payable and accrued liabilities(2)(3) 114 
Debt023  00
Disposal group, including discontinued operation    21 
Deferred revenue and credits    1
Deferred tax liabilities    11
Other liabilities002  10
Other undisclosed current liabilities34   (0)1
Total current liabilities:471114713
Noncurrent Liabilities
Long-term debt and lease obligation878686 888684
Long-term debt, excluding current maturities878686 888684
Capital lease obligations    00
Operating lease, liability0
Liabilities, other than long-term debt 000222
Disposal group, including discontinued operation, liabilities    22 
Other liabilities 000012
Other undisclosed noncurrent liabilities01   (0)2
Total noncurrent liabilities:8787860918889
Other undisclosed liabilities   91   
Total liabilities:919498929596102
Stockholders' equity
Stockholders' equity attributable to parent, including:(72)(63)(58)(49)(63)(33)(68)
Common stock1111111
Additional paid in capital746745745745745744739
Accumulated other comprehensive income (loss) (0)119133
Accumulated deficit(819)(809)(815)(804)(810)(781)(812)
Other undisclosed stockholders' equity attributable to parent  (0)    
Stockholders' equity attributable to noncontrolling interest      0
Other undisclosed stockholders' equity  0    
Total stockholders' equity:(72)(63)(58)(49)(63)(33)(68)
TOTAL LIABILITIES AND EQUITY:19314043326234

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues6355285612159
Revenue, net   3154
Gain on disposition of assets for financial service operations 13
Financial services revenue28    
Cost of revenue(56)(48)(24)  (6)(128)
Cost of goods and services sold(56)(48)   (4)(127)
Financial services costs(24)    
Gross profit:77356632
Operating expenses(13)(8)(11)(4)(6)(22)(34)
Operating income (loss):(6)(1)(8)10(16)(2)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
0005(0)02
Interest and debt expense(5)(5)(4)(4)(3)(3)(3)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(0)12(0)1   
Income (loss) from continuing operations before income taxes:(10)6(12)3(3)(19)(4)
Income tax expense (benefit)(0)0(0)008(63)
Income (loss) from continuing operations:(10)6(12)3(3)(11)(66)
Income (loss) from discontinued operations  12(26)42(1)
Net income (loss):(10)6(11)5(29)31(68)
Net loss attributable to noncontrolling interest      (0)
Net income (loss) available to common stockholders, diluted:(10)6(11)5(29)31(68)

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):(10)6(11)5(29)31(68)
Other comprehensive income (loss)0(11)28(1)(0)(0)
Comprehensive income (loss):(10)(5)(9)13(30)30(68)
Comprehensive income, net of tax, attributable to noncontrolling interest      0
Other undisclosed comprehensive loss, net of tax, attributable to parent      (0)
Comprehensive income (loss), net of tax, attributable to parent:(10)(5)(9)13(30)30(68)

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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