Nationstar mortgage holdings inc. (NSM)
CashFlow / Yearly
Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10
Operating Activities
Net income (loss) attributable to Nationstar

30

19

39

221

217

205

20

-9

Adjustments to reconcile net income (loss) to net cash attributable to operating activities:
Net income attributable to non-controlling interests

1

-3

4

0

-

-

-

-

Net gain on mortgage loans held for sale

607

793

670

597

-

-

-

-

Reverse mortgage loan interest income

490

344

268

-

-

-

-

-

Gain on sale of assets

8

-2

0

-

-

-

-

-

Loss on impairment of assets

0

25

0

0

-

-

-

-

Provision for servicing reserves

148

108

52

86

-

-

-

-

Provision for loan losses

-

-

-

-

-

-

-

3

Loss on foreclosed real estate and other

-

-

-

-

-13

-5

-10

-0

Net gain on mortgage loans held for sale

-

-

-

-

702

487

109

77

Loss on equity method investments

-

-

-

-

-

-

-0

0

Loss on interest rate swaps and caps

-

-

-

-

6

-0

2

-8

Fair value changes and amortization/accretion of mortgage servicing rights/liabilities

430

484

441

234

-59

63

39

6

Fair value changes in mortgage loans held for sale

-

-

-

12

-

-

-

-

Fair value changes in ABS securitizations

-

-

-

-

-

-

-12

-23

Fair value changes in excess spread financing

-12

-25

-26

-57

-73

-10

-3

0

Fair value changes in mortgage servicing rights financing liability

17

42

-19

33

0

0

-

-

Amortizable/Accretion of mortgage servicing rights at amortized cost

-

-

-

-

-

-

-

0

Amortization of premiums, net of discount accretion

-82

-64

2

-11

-52

-9

-8

4

Cash settlement on derivative financial instruments

-

-

-

-

4

0

-

-

Depreciation and amortization for property and equipment and intangible assets

59

63

53

40

26

9

4

2

Noncontrolling interest

-

-

-

-

0

-

-

-

Share-based compensation

17

21

20

19

10

13

14

12

Other loss

-6

0

7

-4

-

-

-

-

Repurchases of forward loan assets out of Ginnie Mae securitizations

1,249

1,432

1,865

3,692

1,426

-

-

-

Repurchases of reverse loan assets out of Ginnie Mae securitizations, net of assignments to a third party

3,250

2,261

1,433

-

-

-

-

-

Amortization of debt discount

-

-

-

-

-

-

8

18

Mortgage loans originated and purchased for sale, net of fees

19,159

20,410

17,971

17,138

24,059

7,904

3,412

2,791

Sales proceeds and loan payment proceeds for mortgage loans held for sale and held for investment

20,776

22,031

20,121

22,136

24,595

7,197

3,403

2,653

Gain on disposal of property

-

-

-

-

0

-

-

-

Gain on repurchase of unsecured senior notes

-

-

-

-

0

-

-

-

Excess tax benefit from share-based compensation

-

-

-

-

4

2

0

0

Excess tax deficiency from share-based compensation

-1

4

0

2

-

-

-

-

Equity Method Investment, Realized Gain (Loss) on Disposal

-

-

-

-

-

-14

-

-

Changes in assets and liabilities:
Advances and other receivables

30

-582

-472

-256

465

558

83

-41

Receivables from affiliates

-

-

-

-

-

-

-

-3

Reverse mortgage interests

-4,665

-2,833

-1,415

1,020

751

636

0

0

Other assets

75

26

-9

-530

-44

198

40

0

Payables and accrued liabilities

-238

21

-57

-20

647

299

101

8

Net cash attributable to operating activities

1,102

971

398

1,080

-1,801

-1,958

-28

-101

Investing Activities
Principal payments received and other changes on mortgage loans held for investment, subject to ABS nonrecourse debt

-

-

-

-

-

-

40

48

Property and equipment additions, net of disposals

42

62

57

56

48

25

19

3

Acquisition of equity method investee

-

-

-

-

-

-

6

0

Purchases of reverse mortgage servicing rights and interests

-

-

-

-

-

-

-26

0

Purchase of forward mortgage servicing rights, net of liabilities incurred

63

144

696

471

1,527

2,070

96

17

Net proceeds from acquisition of reverse mortgage servicing portfolio and HECM related receivables

-16

3,600

4,816

0

0

-

-

-

Proceeds on sale of forward and reverse mortgage servicing rights

71

68

48

0

0

-

-

-

Proceeds on sale of servicer advances

-

-

-

768

-

-

-

-

Proceeds on sale of assets

16

0

0

10

0

0

-

-

Loan repurchases from Ginnie Mae

-

-

-

-

-

24

0

0

Proceeds from sales of REO

-

-

-

-

-

0

27

74

Proceeds on sale of reverse mortgage servicing rights

-

-

-

-

277

0

-

-

Purchase of reverse mortgage servicing rights and interests

-

-

-

-

-19

-37

-

-

Business acquisitions, net

0

0

46

18

88

0

-

-

Purchase of investments

4

0

0

-

-

-

-

-

Net cash attributable to investing activities

-6

-3,738

-5,567

233

-1,406

-2,157

-81

101

Financing Activities
(Decrease) increase in warehouse facilities

863

529

321

-860

1,395

2,728

163

-62

Increase (decrease) in participating interest financing in reverse mortgage interests

-

-

-

-

535

582

0

0

Decrease in advance facilities

-241

-550

-256

-1,221

-154

-

-

-

Proceeds from issuance of HECM securitizations

701

724

560

269

0

0

-

-

Repayment of HECM securitizations

572

713

161

10

0

0

-

-

Proceeds from issuance of participating interest financing in reverse mortgage interests

575

4,124

5,039

-

-

-

-

-

Repayment of participating interest financing in reverse mortgage interests

-2,339

-1,185

-498

353

-

-

-

-

Issuance of excess spread financing

0

155

386

171

753

272

40

0

Repayment of ABS nonrecourse debt

-

-

-

-

-

-

58

103

Repayment of excess spread financing

230

198

210

184

130

39

2

0

Proceeds from mortgage servicing rights financing

-

-

-

53

29

0

-

-

Repayment of nonrecourse debt legacy assets

15

18

13

15

13

13

30

45

Repurchase of unsecured senior notes

123

40

103

285

-

-

-

-

Issuance of unsecured senior notes, net

-

-

-

-

1,365

770

35

243

Repayment / redemption of unsecured senior notes

-

-

-

-

0

0

-

-

Proceeds from issuance of common stock, net of issuance costs

0

0

498

0

0

246

0

0

Repurchase of common stock

0

114

7

0

0

0

-

-

Transfers (to) from restricted cash, net

33

-51

-46

291

-232

-321

16

-33

Excess tax deficiency from share based compensation

0

-4

0

-

-

-

-

-

Distributions to parent  FIF

-

-

-

-

-

-

4

0

Excess tax (deficiency) benefit from share based compensation

-

-

-

2

4

2

0

0

Surrender of shares relating to stock vesting

4

3

6

5

-

-

5

3

Surrender of shares relating to stock vesting

-

-

-

-

6

-

-

-

Debt financing costs

13

13

21

15

53

23

3

14

Dividends to non-controlling interests

5

0

0

-

-

-

-

-

Contributions from joint venture member to noncontrolling interests

-

-

-

-

4

0

-

-

Net cash attributable to financing activities

-1,370

2,643

5,483

-1,456

3,496

4,205

152

-19

Supplemental Disclosures of Cash Activities
Cash paid for interest expense

765

694

431

515

-

154

-

-

Net cash paid for income taxes

102

17

30

2

-

42

-

-

Net (decrease) increase in cash and cash equivalents

-274

-124

314

-143

289

90

41

-20

Transfer of mortgage loans held for sale to REO at fair value

-

-

-

-

-

-

0

0

Transfer of mortgage loans held for investment to REO at fair value

-

-

-

-

-

4

6

18

Transfer of reverse mortgage interest to REO at fair value

-

-

-

-

-

0

-

-

Transfer of mortgage loans held for investment, subject to ABS nonrecourse debt to REO at fair value

-

-

-

-

-

-

17

37

Change in value of cash flow hedgeaccumulated other comprehensive income

-

-

-

-

-

-

-1

1

Mortgage servicing rights resulting from sale or securitization of mortgage loans

-

-

-

-

-

58

36

26

Adjustments Related to Tax Withholding for Share-based Compensation

-

-

-

-

-

4

-5

-

Change in value of designated cash flow hedge

-

-

-

-

-

0

-

-

Tax related share-based settlement of common stock

-

-

-

-

-

-

0

0

Payable to seller of forward mortgage servicing rights

-

-

-

-

-

48

6

0