NATIONSTAR MORTGAGE HOLDINGS INC. NSM Cash Flow

Nationstar mortgage holdings inc. (NSM)

CashFlow / TTM

Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11
Operating Activities
Net income (loss) attributable to Nationstar
266	188	30	187	225	153	19	-100	-211	-44	39	-20	156	148	221	150	121	178	217	331	304	217	205	156	98	63	20	0	0	0
Adjustments to reconcile net income (loss) to net cash attributable to operating activities:
Net income attributable to non-controlling interests
-	-	-	-	-	-	-3	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net gain on mortgage loans held for sale
547	587	607	639	717	766	793	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Reverse mortgage loan interest income
494	491	490	461	407	377	344	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sale of assets
9	17	8	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on liquidation of reverse loans
-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provision for servicing reserves
143	163	148	120	93	95	108	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provision for loan losses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	0	0	0
Loss on foreclosed real estate and other
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-13	-13	-5	-9	-5	-8	-9	-5	-10	0	0	0
Net gain on mortgage loans held for sale
-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	469	532	642	702	852	785	605	487	347	238	159	109	0	0	0
Gain on repurchase of unsecured senior notes
-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on equity method investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-
Loss on interest rate swaps and caps
-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	6	5	7	6	-0	1	0	-0	2	0	1	2	0	0	0
Fair value changes and amortization/accretion of mortgage servicing rights/liabilities
42	194	430	67	93	256	484	719	882	522	441	605	293	359	234	107	88	10	-59	-14	18	73	63	47	47	34	39	0	0	0
Fair value changes in mortgage loans held for sale
-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Fair value changes in ABS securitizations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-12	0	0	0
Fair value changes in excess spread financing
-71	-37	-12	-99	-82	-74	-25	25	55	11	-26	27	-72	-73	-57	-101	-49	-46	-73	-48	-51	-29	-10	0	0	0	-	-	-	-
Fair value changes in mortgage servicing rights financing liability
-3	-6	17	47	67	54	42	-10	-20	-36	-19	-12	-26	26	33	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Amortizable/Accretion of mortgage servicing rights at amortized cost
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-
Amortization of premiums, net of discount accretion
-61	-71	-82	-79	-59	-61	-64	-66	-42	-22	2	25	14	6	-11	-29	-45	-52	-52	-62	-23	-17	-9	1	-16	-11	-8	0	0	0
Cash settlement on derivative financial instruments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4	0	0	0	-	-	-	-	-	-	-	-
Depreciation and amortization for property and equipment and intangible assets
59	60	59	59	61	60	63	49	48	51	53	62	55	49	40	39	37	31	26	19	15	11	9	7	5	4	4	0	0	0
Noncontrolling interest
-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Share-based compensation
16	16	17	16	18	19	21	23	21	21	20	22	23	21	19	13	11	10	10	10	11	13	13	13	12	11	14	0	0	0
Other loss
1	-5	-6	-5	-9	-1	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repurchases of forward loan assets out of Ginnie Mae securitizations
-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repurchases of forward loan assets out of Ginnie Mae securitizations
0	0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repurchases of reverse loan assets out of Ginnie Mae securitizations, net of assignments to a third party
-	-	-	-	-	-	2,261	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of debt discount
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	8	0	0	0
Mortgage loans originated and purchased for sale, net of fees
20,902	19,618	19,159	19,349	19,782	20,807	20,410	19,064	18,444	18,001	17,971	17,835	14,718	15,944	17,138	20,166	24,582	25,681	24,059	29,884	15,856	10,495	7,904	-3,687	5,030	3,948	3,412	0	0	0
Sales proceeds and loan payment proceeds for mortgage loans held for sale and held for investment
22,270	21,086	20,776	21,235	22,165	23,134	22,031	21,340	20,563	20,417	20,121	19,568	19,476	19,777	22,136	26,835	28,078	27,261	24,595	17,804	13,078	9,589	7,197	5,837	4,612	3,937	3,403	0	0	0
Excess tax benefit from share-based compensation
-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	4	4	4	4	0	0	0	-	-	-	-	-	-	-	-
Excess tax deficiency from share-based compensation
-	-	-	-	-	-	-	-	-	-	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Changes in assets and liabilities:
Advances and other receivables
-207	-86	30	-133	-399	-576	-582	-497	-489	-536	-472	-70	229	-556	-256	-294	67	752	465	922	125	517	558	-220	113	26	83	0	0	0
Receivables from affiliates
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	0
Reverse mortgage interests
-5,222	-4,687	-4,665	-4,305	-2,363	-2,646	-2,833	-3,602	-2,778	-2,142	-1,415	554	730	962	1,020	921	844	811	751	1,414	736	701	636	0	0	0	-	-	-	-
Other assets
89	4	75	-93	-96	-5	26	174	66	57	-9	-303	-283	-277	-530	-649	-296	-309	-44	665	147	183	198	-96	120	48	40	0	0	0
Payables and accrued liabilities
158	13	-238	-124	-110	-69	21	-69	-313	-219	-57	-121	279	105	-20	118	63	630	647	570	308	85	299	297	411	182	101	0	0	0
Net cash attributable to operating activities
2,100	1,441	1,102	1,438	2,138	1,900	971	1,041	392	727	398	-288	-72	-221	1,080	2,026	1,290	-799	-1,801	-3,859	-3,830	-2,453	-1,958	-698	-501	-25	-28	0	0	0
Investing Activities
Principal payments received and other changes on mortgage loans held for investment, subject to ABS nonrecourse debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	40	0	0	0
Property and equipment additions, net of disposals
48	45	42	47	61	62	62	62	56	58	57	58	59	59	56	42	41	51	48	52	48	28	25	25	19	18	19	0	0	0
Purchase of forward mortgage servicing rights, net of liabilities incurred
0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net payment related to acquisition of HECM related receivables
0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds on sale of assets
0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payment for Reverse Mortgage Fundings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-
Acquisition of equity method investee
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6	0	0	0
Purchases of reverse mortgage servicing rights and interests
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	-	-	-
Purchase of forward mortgage servicing rights, net of liabilities incurred
-	-	-	-	-	-	-	-	-	501	696	768	783	573	471	-486	755	1,354	1,527	2,378	1,050	2,336	2,070	0	0	0	-	-	-	-
Net proceeds from acquisition of reverse mortgage servicing portfolio and HECM related receivables
-	-	-	-	-	-	-	-	-	4,871	4,816	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds on sale of forward and reverse mortgage servicing rights
-	-	-	-	-	-	-	-	-	67	48	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loan repurchases from Ginnie Mae
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	17	40	30	24	0	0	0	-	-	-	-
Proceeds from sales of REO
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	52	27	1	0	13	19	18	27	0	0	0
Proceeds on sale of reverse mortgage servicing rights
-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Business acquisitions, net
-	-	-	-	-	-	-	-	-	-	46	45	45	49	18	28	28	75	88	0	0	0	-	-	-	-	-	-	-	-
Net cash attributable to investing activities
-124	-10	-6	-3,683	-3,753	-3,704	-3,738	-149	-188	-5,378	-5,567	-5,391	-5,438	-87	233	1,152	-57	-985	-1,406	-2,495	-1,254	-2,494	-2,157	-2,146	-2,069	-89	-81	0	0	0
Financing Activities
(Decrease) increase in warehouse facilities
564	747	863	162	-448	-3	529	309	820	-60	321	1,309	1,098	421	-860	-3,086	-1,867	1,210	1,395	4,111	3,071	2,642	2,728	0	0	0	-	-	-	-
Increase (decrease) in participating interest financing in reverse mortgage interests
-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	392	423	471	535	589	704	864	582	0	0	0	-	-	-	-
Decrease in advance facilities
-366	-370	-241	-390	-555	-635	-550	-566	-386	-316	-256	-866	-1,223	-641	-1,221	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from issuance of HECM securitizations
836	1,144	701	701	721	442	724	942	530	768	560	611	610	342	269	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of HECM securitizations
819	814	572	573	527	502	713	682	460	420	161	113	73	36	10	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from issuance of participating interest financing in reverse mortgage interests
404	416	575	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of participating interest financing in reverse mortgage interests
-2,447	-2,407	-2,339	-2,098	-2,159	-1,661	-1,185	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Issuance of excess spread financing
-	-	-	-	-	-	-	-	-	-	386	283	317	186	171	196	533	598	753	764	416	465	272	0	0	0	-	-	-	-
Repayment of ABS nonrecourse debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	58	0	0	0
Repayment of excess spread financing
214	217	230	220	212	209	198	201	205	207	210	203	198	190	184	188	168	152	130	104	81	58	39	0	0	0	-	-	-	-
Proceeds from mortgage servicing rights financing
-	-	-	-	-	-	-	-	-	-	-	-	-	-	53	82	82	50	29	0	0	0	-	-	-	-	-	-	-	-
Decrease in notes payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Repayment of nonrecourse debt legacy assets
12	13	15	18	19	20	18	15	15	12	13	12	13	15	15	15	15	13	13	11	12	13	13	16	22	27	30	0	0	0
Repurchase of unsecured senior notes
90	91	123	133	110	86	40	132	128	105	103	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Issuance of unsecured senior notes, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,365	1,354	1,395	1,369	770	0	0	0	-	-	-	-
Proceeds from issuance of common stock, net of issuance costs
-	-	-	-	-	-	-	-	-	-	498	498	498	497	0	0	0	0	-	-	-	-	246	0	0	0	-	-	-	-
Repurchase of common stock
-	-	-	-	-	-	114	121	113	62	7	-4	-4	-4	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Transfers (to) from restricted cash, net
-	-	-	-	-	-	-51	146	87	52	-46	-183	-52	113	291	398	21	-161	-232	-482	-232	-198	-321	-188	-91	-92	16	0	0	0
Excess tax deficiency from share based compensation
-	-	-	-	-	-	-4	-4	-4	-3	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Distributions to parent FIF
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4	0	0	0
Excess tax (deficiency) benefit from share based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	2	4	4	4	4	0	0	0	-	-	-	0	-	-	-	-
Surrender of shares relating to stock vesting
5	5	4	4	5	4	3	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Surrender of shares relating to stock vesting
-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Debt financing costs
14	16	13	14	14	12	13	21	15	22	21	13	16	14	15	18	44	45	53	26	5	30	23	44	35	3	3	0	0	0
Contributions from joint venture member to noncontrolling interests
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4	0	0	0	-	-	-	0	-	-	-	-
Employee Service Share-based Compensation, Tax Benefit from Compensation Expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	-
Payments for (Proceeds from) Derivative Instrument, Financing Activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-
Net cash attributable to financing activities
-2,061	-1,598	-1,370	1,774	1,211	1,702	2,643	-794	-143	4,296	5,483	6,006	5,449	719	-1,456	-3,183	-995	1,969	3,496	6,199	5,455	4,812	4,205	3,251	2,584	422	152	0	0	0
Net decrease in cash, cash equivalents, and restricted cash
0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Supplemental Disclosures of Cash Activities
Cash paid for interest expense
739	757	765	761	754	726	694	622	507	487	431	448	521	502	515	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Net cash paid for income taxes
68	101	102	80	59	4	17	28	48	45	30	48	37	1	2	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Net (decrease) increase in cash and cash equivalents
-	-	-	-	-	-	-124	98	61	-354	314	327	-61	411	-143	-5	237	184	289	-155	370	-135	90	406	13	307	41	0	0	0
Transfer of mortgage loans held for sale to REO at fair value
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0
Transfer of mortgage loans held for investment to REO at fair value
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	4	3	4	4	5	5	5	6	0	0	0
Claims made to third parties
-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfer of reverse mortgage interest to REO at fair value
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-
Transfer of mortgage loans held for investment, subject to ABS nonrecourse debt to REO at fair value
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	17	0	0	0
Change in value of cash flow hedgeaccumulated other comprehensive income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Mortgage servicing rights resulting from sale or securitization of mortgage loans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	198	115	76	58	56	42	39	36	0	0	0
Tax related share-based settlement of common stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	-	-	-
Payable to seller of forward mortgage servicing rights
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-168	-3	412	48	0	0	0	-	-	-	-