| Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 |
|---|---|---|---|---|---|---|---|
Revenues: | |||||||
Service related, net | |||||||
1,043,000 | 1,122,000 | 1,319,000 | 1,376,000 | 1,384,222 | 497,151 | - | - |
Net gain on mortgage loans held for sale | |||||||
607,000 | 793,000 | 670,000 | 597,000 | 702,763 | 487,164 | - | - |
Servicing fee income | |||||||
- | - | - | - | - | - | 233,411 | 167,126 |
Other fee income | |||||||
- | - | - | - | - | - | 35,294 | 16,958 |
Total fee income | |||||||
- | - | - | - | - | - | 268,705 | 184,084 |
Net gain on mortgage loans held for sale | |||||||
- | - | - | - | - | - | 109,136 | 77,344 |
Total revenues | |||||||
1,650,000 | 1,915,000 | 1,989,000 | 1,973,000 | 2,086,985 | 984,315 | 377,841 | 261,428 |
Expenses: | |||||||
Salaries, wages and benefits | |||||||
742,000 | 813,000 | 763,000 | 643,000 | 679,637 | 358,455 | 202,290 | 149,115 |
General and administrative | |||||||
733,000 | 831,000 | 925,000 | 715,000 | 722,641 | 206,804 | - | - |
General and administrative | |||||||
- | - | - | - | - | - | 82,183 | 58,913 |
Provision for loan losses | |||||||
- | - | - | - | - | - | - | 3,298 |
Loss on foreclosed real estate and other | |||||||
- | - | - | - | - | - | -10,370 | -205 |
Occupancy | |||||||
- | - | - | - | - | 16,786 | 11,340 | 9,445 |
Total expenses | |||||||
1,475,000 | 1,644,000 | 1,688,000 | 1,358,000 | 1,402,278 | 582,045 | 306,183 | 220,976 |
Other income (expenses): | |||||||
Interest income | |||||||
597,000 | 425,000 | 351,000 | 180,000 | 197,220 | 71,586 | - | - |
Interest income | |||||||
- | - | - | - | - | - | 66,802 | 98,895 |
Interest expense | |||||||
731,000 | 665,000 | 605,000 | 516,000 | 538,805 | 197,308 | 105,375 | 116,163 |
Other income (expenses) | |||||||
3,000 | -2,000 | 7,000 | 7,000 | - | - | - | - |
Gain on disposal of property | |||||||
- | - | - | - | 0 | 0 | - | - |
Gain on repurchase of unsecured senior notes | |||||||
- | - | - | - | 0 | 15,600 | 0 | 0 |
Equity Method Investment, Realized Gain (Loss) on Disposal | |||||||
- | - | - | - | - | -14,571 | - | - |
Loss on equity method investments | |||||||
- | - | - | - | - | - | -107 | 0 |
Gain (loss) on interest rate swaps and caps | |||||||
- | - | - | - | 3,132 | -994 | 298 | -9,801 |
Fair value changes in ABS securitizations | |||||||
- | - | - | - | - | - | -12,389 | -23,297 |
Total other income (expenses), net | |||||||
-131,000 | -242,000 | -247,000 | -329,000 | -338,453 | -125,687 | -50,771 | -50,366 |
Income before income tax expense (benefit) | |||||||
44,000 | 29,000 | 54,000 | 286,000 | 346,254 | 276,583 | 20,887 | -9,914 |
Less: Income tax expense (benefit) | |||||||
13,000 | 13,000 | 11,000 | 65,000 | 129,200 | 71,296 | 0 | 0 |
Net income (loss) | |||||||
31,000 | 16,000 | 43,000 | 221,000 | 217,054 | 205,287 | - | - |
Less: Net income attributable to non-controlling interests | |||||||
1,000 | -3,000 | 4,000 | 0 | 0 | 0 | - | - |
Net income (loss) attributable to Nationstar | |||||||
30,000 | 19,000 | 39,000 | 221,000 | 217,054 | 205,287 | 20,887 | -9,914 |
Change in value of designated cash flow hedge, net of tax of $0, $0 and ($1), respectively | |||||||
- | - | - | -2,000 | 1,963 | 0 | -1,071 | 1,071 |
Total comprehensive income | |||||||
- | - | - | 219,000 | 219,017 | 205,287 | 19,816 | -8,843 |
Net income (loss) per common share attributable to Nationstar: | |||||||
Basic (in dollars per share) | |||||||
0.31 | 0.19 | 0.38 | 2.47 | 2.43 | 2.41 | 0.30 | -0.14 |
Diluted (in dollars per share) | |||||||
0.30 | 0.19 | 0.37 | 2.45 | 2.40 | 2.40 | 0.30 | -0.14 |
Weighted average shares of common stock outstanding (in thousands): | |||||||
Basic (in shares) | |||||||
97,696 | 99,765 | 103,248 | 89,521 | 89,415 | 85,328 | 70,000 | 70,000 |
Dilutive effect of stock awards (shares) | |||||||
1,107 | 880 | 532 | 499 | 853 | 196 | 0 | 0 |
Diluted (in shares) | |||||||
98,803 | 100,645 | 103,780 | 90,020 | 90,268 | 85,524 | 70,000 | 70,000 |
Dividends declared per share (in dollars per share) | |||||||
- | - | - | - | 0.00 | 0.00 | 0.00 | 0.00 |