Ocwen Financial Corporation (OCN) financial statements (2021 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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments285428329264257257
Cash and cash equivalents285428329264257257
Receivables(6)(7)(12)(7)29 
Prepaid expense   64353
Disposal group, including discontinued operation  0  414
Total current assets:279422318263329724
Noncurrent Assets
Operating lease, right-of-use asset 31
Property, plant and equipment173833376358
Deferred income tax assets42
Total noncurrent assets:207233376358
Other undisclosed assets10,3529,9139,0438,1037,2646,623
TOTAL ASSETS:10,65110,4069,3948,4037,6567,405
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities56751414
Accrued liabilities    1114
Interest and dividends payable56754 
Total current liabilities:56751414
Noncurrent Liabilities
Liabilities, other than long-term debt131313   
Liability, pension and other postretirement and postemployment benefits131313   
Total noncurrent liabilities:131313   
Other undisclosed liabilities10,2189,9758,8207,8516,9866,536
Total liabilities:10,2369,9948,8407,8567,0006,550
Stockholders' equity
Stockholders' equity attributable to parent434412555545653852
Common stock011111
Additional paid in capital556557554547527526
Accumulated other comprehensive income (loss)9(8)(4)(1)(1)(2)
Retained earnings (accumulated deficit)(132)(139)4(2)126326
Stockholders' equity attributable to noncontrolling interest   223
Other undisclosed stockholders' equity(18)     
Total stockholders' equity:415412555547655855
TOTAL LIABILITIES AND EQUITY:10,65110,4069,3948,4037,6567,405

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues9611,1231,0631,1951,3871,741
Contractually specified servicing fee, late fee, and ancillary fee earned in exchange for servicing financial asset108976934
Financial services revenue1,0911,2971,606
Cost of revenue(362)(424)(609)(244)(346)(519)
Amortization of mortgage servicing rights (msrs)   (52)(33)(99)
Gross profit:5996994549511,0411,222
Operating expenses(214)(250)(323)(755)(877)(959)
Other operating expense, net
(Other Expenses)
(19)(1)(26)(49)(33)(75)
Operating income:366448104147131188
Nonoperating expense(239)(455)(202)(340)(370)(393)
Investment income, nonoperating (0)64   
Interest and debt expense(38)5(275)(363)(413)(482)
Income (loss) from continuing operations before equity method investments, income taxes:89(2)(373)(556)(652)(688)
Other undisclosed income (loss) from continuing operations before income taxes(195)(125)301412446558
Loss from continuing operations before income taxes:(106)(126)(71)(144)(206)(130)
Income tax expense (benefit)66(16)(1)167(117)
Loss from continuing operations:(40)(142)(72)(128)(199)(247)
Income from discontinued operations  1   
Net loss:(40)(142)(71)(128)(199)(247)
Net income (loss) attributable to noncontrolling interest  (0)0(0)(0)
Net loss available to common stockholders, diluted:(40)(142)(71)(128)(200)(247)

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net loss:(40)(142)(71)(128)(199)(247)
Other comprehensive income (loss)(2)(3)(3)007
Other undisclosed comprehensive loss  (0)   
Comprehensive loss:(42)(145)(74)(128)(199)(240)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest  (0)0(0)(0)
Comprehensive loss, net of tax, attributable to parent:(42)(145)(74)(128)(199)(240)

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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