Ocwen Financial Corporation (OCN) financial statements (2020 and earlier)

Company profile

Business Address 1661 WORTHINGTON ROAD
WEST PALM BEACH, FL 33409
State of Incorp. FL
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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments428329264257257129
Cash and cash equivalents428329264257257129
Receivables(7)(12)(7)29  
Prepaid expense  6435316
Disposal group, including discontinued operation 0  414 
Total current assets:422318263329724146
Noncurrent Assets
Operating lease, right-of-use asset31
Property, plant and equipment383337635843
Deferred income tax assets2
Total noncurrent assets:723337635843
Other undisclosed assets9,9139,0438,1037,2646,6238,078
TOTAL ASSETS:10,4069,3948,4037,6567,4058,267
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities6751414 
Accrued liabilities   1114 
Interest and dividends payable6754  
Due to related parties     56
Total current liabilities:675141456
Noncurrent Liabilities
Liabilities, other than long-term debt1313    
Liability, pension and other postretirement and postemployment benefits1313    
Total noncurrent liabilities:1313    
Other undisclosed liabilities9,9758,8207,8516,9866,5367,171
Total liabilities:9,9948,8407,8567,0006,5507,226
Stockholders' equity
Stockholders' equity attributable to parent4125555456538521,038
Common stock111111
Additional paid in capital557554547527526515
Accumulated other comprehensive loss(8)(4)(1)(1)(2)(8)
Retained earnings (accumulated deficit)(139)4(2)126326530
Stockholders' equity attributable to noncontrolling interest  2233
Total stockholders' equity:4125555476558551,041
TOTAL LIABILITIES AND EQUITY:10,4069,3948,4037,6567,4058,267

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues1,1231,0631,1951,3871,7412,111
Contractually specified servicing fee, late fee, and ancillary fee earned in exchange for servicing financial asset976934
Financial services revenue1,0911,2971,606106
Cost of revenue(424)(609)(244)(346)(519)250
Amortization of mortgage servicing rights (msrs)  (52)(33)(99)250
Gross profit:6994549511,0411,2222,362
Operating expenses(250)(323)(755)(877)(959)(2,035)
Other operating expense, net
(Other Expenses)
(1)(26)(49)(33)(75) 
Other undisclosed operating loss     (250)
Operating income:44810414713118876
Nonoperating expense(455)(202)(340)(370)(393)(519)
Investment income, nonoperating(0)64   (3)
Interest and debt expense5(275)(363)(413)(482)(539)
Loss from continuing operations before equity method investments, income taxes:(2)(373)(556)(652)(688)(982)
Other undisclosed income (loss) from continuing operations before income taxes(125)301412446558539
Loss from continuing operations before income taxes:(126)(71)(144)(206)(130)(443)
Income tax expense (benefit)(16)(1)167(117)(26)
Loss from continuing operations:(142)(72)(128)(199)(247)(470)
Income from discontinued operations 1    
Net loss:(142)(71)(128)(199)(247)(470)
Net income (loss) attributable to noncontrolling interest (0)0(0)(0)(0)
Net loss attributable to parent:(142)(71)(128)(200)(247)(470)
Other undisclosed net loss available to common stockholders, basic     (3)
Net loss available to common stockholders, diluted:(142)(71)(128)(200)(247)(473)

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net loss:(142)(71)(128)(199)(247)(470)
Other comprehensive income (loss)(3)(3)0072
Other undisclosed comprehensive loss (0)   (0)
Comprehensive loss:(145)(74)(128)(199)(240)(468)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest (0)0(0)(0)0
Comprehensive loss, net of tax, attributable to parent:(145)(74)(128)(199)(240)(468)

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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