PHH Corp (PHH) Financial Statements (2024 and earlier)

Company Profile

Business Address 3000 LEADENHALL ROAD
MT. LAUREL, NJ 08054
State of Incorp. MD
Fiscal Year End December 31
Industry (SIC) 6159 - Miscellaneous business Credit Institutions (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

6/30/2018
MRQ
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 542,000906,000906,0001,259,0001,245,000829,000
Cash and cash equivalents 542,000906,000906,0001,259,0001,245,000829,000
Total current assets: 542,000906,000906,0001,259,0001,245,000829,000
Noncurrent Assets
Property, plant and equipment 22,00036,00047,00036,00075,00079,000
Long-term investments and receivables  10,00032,00034,00037,00038,000
Long-term investments  10,00032,00034,00037,00038,000
Intangible assets, net (including goodwill)     39,00041,000
Goodwill     25,00025,000
Intangible assets, net (excluding goodwill)     14,00016,000
Total noncurrent assets: 22,00046,00079,00070,000151,000158,000
Other undisclosed assets 1,247,0002,223,0002,667,0002,967,0007,452,0008,616,000
TOTAL ASSETS: 1,811,0003,175,0003,652,0004,296,0008,848,0009,603,000
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities 1,258,0002,052,0002,304,0002,725,0007,158,0008,041,000
Total liabilities: 1,258,0002,052,0002,304,0002,725,0007,158,0008,041,000
Equity
Equity, attributable to parent 553,0001,092,0001,318,0001,545,0001,666,0001,526,000
Common stock  1,0001,0001,0001,0001,000
Additional paid in capital 565,000887,000911,000989,0001,142,0001,127,000
Accumulated other comprehensive income (loss) (9,000)(10,000)(10,000)(11,000)16,00026,000
Retained earnings (accumulated deficit) (3,000)214,000416,000566,000507,000372,000
Equity, attributable to noncontrolling interest  31,00030,00026,00024,00036,000
Total equity: 553,0001,123,0001,348,0001,571,0001,690,0001,562,000
TOTAL LIABILITIES AND EQUITY: 1,811,0003,175,0003,652,0004,296,0008,848,0009,603,000

Income Statement (P&L) ($ in thousands)

6/30/2018
TTM
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Revenues 456,000622,000790,000639,0002,842,0002,743,000
Revenue, net     1,386,0001,364,000
Financial services revenue 488,000895,000976,000 482,000526,000
Gross profit: 456,000622,000790,000639,0002,842,0002,743,000
Operating expenses (729,000)(926,000)(1,003,000)(923,000)(2,601,000)(2,656,000)
Other operating income, net
(Noninterest Income, Other Operating Income)
    22,00084,00085,000
Operating income (loss): (273,000)(304,000)(213,000)(262,000)325,000172,000
Nonoperating income (expense)  (238,000) 320,000(34,000)476,000
Loss on contract termination     (21,000)(16,000)
Mortgage servicing rights (msr) impairment (recovery)  (238,000) 320,000(13,000)497,000
Interest and debt expense (34,000)(75,000)(30,000)   
Other undisclosed loss from continuing operations before equity method investments, income taxes    (342,000)(50,000)(561,000)
Income (loss) from continuing operations before equity method investments, income taxes: (307,000)(617,000)(243,000)(284,000)241,00087,000
Other undisclosed income from continuing operations before income taxes 34,000313,00030,000   
Income (loss) from continuing operations before income taxes: (273,000)(304,000)(213,000)(284,000)241,00087,000
Income tax expense (benefit) 79,000111,00082,00099,000(77,000)6,000
Income (loss) from continuing operations: (194,000)(193,000)(131,000)(185,000)164,00093,000
Income (loss) before gain (loss) on sale of properties: (194,000)(193,000)(131,000)87,000164,00093,000
Income from discontinued operations    272,000  
Net income (loss): (194,000)(193,000)(131,000)87,000164,00093,000
Net loss attributable to noncontrolling interest (23,000)(9,000)(14,000)(6,000)(29,000)(59,000)
Net income (loss) available to common stockholders, diluted: (217,000)(202,000)(145,000)81,000135,00034,000

Comprehensive Income ($ in thousands)

6/30/2018
TTM
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Net income (loss): (194,000)(193,000)(131,000)87,000164,00093,000
Other comprehensive income (loss) 1,000 1,000(27,000)(10,000)5,000
Comprehensive income (loss): (193,000)(193,000)(130,000)60,000154,00098,000
Comprehensive income (loss), net of tax, attributable to noncontrolling interest (23,000)(9,000)(14,000)6,00029,00059,000
Other undisclosed comprehensive loss, net of tax, attributable to parent    (12,000)(58,000)(118,000)
Comprehensive income (loss), net of tax, attributable to parent: (216,000)(202,000)(144,000)54,000125,00039,000

Statements Sources

The financial statements are based on the Company's filings with 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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