Altisource asset management corporation (AAMC)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13
Revenues:
Revenue

3,952

4,127

3,834

3,898

3,903

4,024

3,934

3,916

4,052

-

4,429

4,643

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Management fees from Front Yard

-

-

-

-

-

-

-

-

-

-

-

-

4,211

-

4,208

4,506

4,124

0

0

0

0

-

-

-

-

-

-

-

-

Conversion fees from Front Yard

-

-

-

-

-

-

-

-

-

-

-

-

604

-

450

544

402

0

0

0

0

-

-

-

-

-

-

-

-

Expense reimbursements from Front Yard

-

-

-

-

-

-

-

-

-

-

-

-

196

-

196

357

0

-

0

0

-

-

-

-

-

-

-

-

-

Rental revenues

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,672

4,021

2,140

1,400

845

469

181

69

30

6

0

0

Change in unrealized gain on mortgage loans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-42,013

27,499

42,209

61,134

91,924

88,726

105,042

65,130

35,129

17,670

7,165

1,128

Net realized gain on sales of mortgage loans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

46,965

12,874

19,272

15,382

21,899

13,727

10,819

9,321

6,467

1,909

1,719

387

Net realized gain on mortgage loans held for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

100

254

151

2,469

302

0

0

-

0

-

-

Net realized gain on sales of real estate

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

14,006

13,914

12,404

10,608

4,938

3,310

1,234

0

-

0

-

-

Interest income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

17

115

240

240

136

2,568

81

108

-

156

-

-

Total revenues

-

-

-

-

-

-

-

-

-

-

-

-

5,011

-

4,854

5,407

4,526

24,142

58,523

76,519

88,915

122,211

109,102

117,357

74,628

42,157

19,741

8,884

1,515

Expenses:
Salaries and employee benefits

4,544

4,154

4,219

4,238

4,418

3,977

4,605

4,524

4,214

4,390

5,035

5,281

4,687

4,315

4,460

4,385

4,209

9,969

2,986

1,706

1,633

-

-

-

-

-

-

-

-

Share-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,429

2,086

946

-

-

-

-

-

-

-

-

Legal and professional fees

1,534

1,524

389

1,356

342

312

474

467

352

875

899

336

684

670

420

542

541

1,287

2,333

158

7,533

-

-

-

-

-

-

-

-

Residential property operating expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

20,376

16,574

16,857

12,459

12,468

9,247

3,253

1,050

492

191

84

0

Real estate depreciation and amortization

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,050

1,344

998

603

313

103

48

21

4

0

0

Selling costs and impairment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

354

-

210

-

-

Selling costs and impairment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

10,705

8,839

14,691

-

5,542

2,879

-

-

-

-

-

Mortgage loan servicing costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

14,357

13,477

16,246

18,266

18,593

21,226

16,925

11,437

6,630

2,154

1,242

392

Interest expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

14,217

14,194

13,237

11,483

11,295

11,699

6,945

5,708

3,405

467

654

42

General and administrative

1,095

1,129

1,099

880

1,039

826

993

843

947

659

778

726

1,157

1,429

1,152

1,170

1,021

1,928

2,187

2,017

1,451

-2,580

5,435

4,542

5,601

5,895

4,895

3,369

2,698

Related party general and administrative

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

999

2,675

923

2,764

681

0

207

Total expenses

7,173

6,807

5,707

6,474

5,799

5,115

6,072

5,834

5,513

5,924

6,712

6,343

6,528

6,414

6,032

6,097

5,771

98,748

65,935

62,490

69,460

61,173

54,461

37,322

25,121

20,704

8,602

5,349

3,339

Other income (loss):
Other income (loss):
Change in fair value of Front Yard common stock

-634

1,267

-1,072

4,792

877

-3,443

698

601

-2,940

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Dividend income on Front Yard common stock

244

-

-

-

244

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Dividend income on Front Yard common stock

-

-

244

243

-

-

244

243

244

-

244

243

244

-

244

244

292

-

-

-

-

-

-

-

-

-

-

-

-

Other income

37

39

63

49

4

66

58

49

43

43

41

15

12

7

4

58

2

-

0

0

-

-

1,586

786

-

-206

13

193

0

Total other (loss) income

-353

1,306

-765

5,084

1,125

-3,133

1,000

893

-2,653

287

285

258

256

250

248

302

294

-

0

0

-

-

-

-

-

-

-

-

-

Loss before income taxes

-3,574

-1,374

-2,638

2,508

-771

-4,224

-1,138

-1,025

-4,114

-1,560

-1,998

-1,442

-1,261

-960

-930

-388

-951

-74,606

-7,412

14,029

19,455

64,073

56,227

80,821

49,507

-

11,152

3,728

-

Income tax expense

183

165

885

-781

69

66

17

42

250

224

127

300

57

703

141

873

-11

114

-97

194

143

668

853

-191

766

0

0

0

0

Net loss

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-74,720

-7,315

13,835

19,312

63,405

55,374

81,012

48,741

21,247

11,152

3,728

-1,824

Net loss attributable to non-controlling interest in consolidated affiliate

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-65,779

-5,335

13,092

12,424

41,482

37,676

67,782

41,913

21,644

13,709

5,227

-984

Net loss

-3,757

-1,539

-3,523

3,289

-840

-4,290

-1,155

-1,067

-4,364

-1,784

-2,125

-1,742

-1,318

-1,663

-1,071

-1,261

-940

-8,941

-1,980

743

6,888

21,923

17,698

13,230

6,828

-397

-2,557

-1,499

-840

Amortization of preferred stock issuance costs

42

51

52

52

51

51

52

52

51

51

52

51

52

-

51

52

-

-

-

-

-

-

-

-

-

-

-

-

-

Net loss attributable to common stockholders

-3,799

-1,590

-3,575

3,237

-891

-4,341

-1,207

-1,119

-4,415

-1,835

-2,177

-1,793

-1,370

-

-1,122

-1,313

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss per share of common stock – basic:
Earnings Per Share [Abstract]
Loss per basic common share (usd per share)

-2.35

-1.00

-2.25

2.04

-0.56

-2.69

-0.75

-0.69

-2.75

-1.15

-1.38

-1.15

-0.89

-1.02

-0.67

-0.74

-0.50

-4.08

-0.92

0.31

3.10

9.65

7.91

5.87

2.88

-0.17

-1.09

-0.64

-0.36

Weighted average common stock outstanding – basic (shares)

1,615

1,597

1,590

1,589

1,582

1,616

1,613

1,612

1,603

1,598

1,574

1,563

1,545

1,565

1,676

1,776

1,990

2,180

2,208

2,218

2,203

2,187

2,238

2,255

2,367

2,353

2,348

2,343

2,343

Loss per share of common stock – diluted:
Loss per diluted common share (usd per share)

-2.35

-0.77

-2.25

1.81

-0.56

-2.69

-0.75

-0.69

-2.75

-1.15

-1.38

-1.15

-0.89

-1.02

-0.67

-0.74

-0.50

-3.44

-0.92

0.27

2.50

7.83

6.25

4.60

2.39

-0.17

-1.09

-0.64

-0.36

Weighted average common stock outstanding – diluted (shares)

1,615

1,366

1,590

1,820

1,582

1,616

1,613

1,612

1,603

1,598

1,574

1,563

1,545

1,565

1,676

1,776

1,990

1,098

2,208

2,746

2,757

2,766

2,831

2,874

2,856

2,353

2,348

2,343

2,343

Management fees from Front Yard
Revenue

-

-

3,584

3,556

-

-

3,613

3,644

3,727

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Revenue

3,584

-

-

-

3,546

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Conversion fees from Front Yard
Revenue

0

0

0

0

29

25

35

53

63

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Expense reimbursements from Front Yard
Revenue

368

543

250

342

328

416

286

219

262

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-