NATIONSTAR MORTGAGE HOLDINGS INC. NSM Income Statement

Nationstar mortgage holdings inc. (NSM)

Income statement / Quarterly

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
Revenues:
Service related, net
317,000	464,000	295,000	252,000	213,000	283,000	615,000	310,000	113,000	84,000	434,877	211,000	458,000	215,123	295,963	361,509	376,817	341,711	-	-	-	-	-	-	-	-	-	-	-	-
Net gain on mortgage loans held for sale
127,000	124,000	142,000	154,000	167,000	144,000	174,000	232,000	216,000	171,000	153,006	186,000	164,000	166,994	-	142,815	172,916	-	-	-	-	-	-	-	-	-	-	-	-	-
Servicing fee income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	341,679	263,309	197,596	-	142,482	88,327	86,190	72,656	53,031	51,236	56,488
Other fee income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	84,203	57,795	44,879	-	3,129	12,087	7,370	11,295	7,660	8,141	8,198
Total fee income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	425,882	321,104	242,475	-	145,611	100,414	93,560	83,951	60,691	59,377	64,686
Net gain on mortgage loans held for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	127,936	-	205,956	282,561	188,587	-	139,259	102,345	70,512	35,576	30,232	22,822	20,506
Total revenues
444,000	588,000	437,000	406,000	380,000	427,000	789,000	542,000	329,000	255,000	587,883	397,000	622,000	382,117	449,296	504,324	549,733	469,647	420,420	631,838	603,665	431,062	332,614	284,870	202,759	164,072	119,527	90,923	82,199	85,192
Expenses:
Salaries, wages and benefits
177,000	180,000	185,000	183,000	182,000	192,000	200,000	211,000	205,000	197,000	185,245	201,000	198,000	178,755	171,596	160,757	154,052	156,595	179,762	193,258	171,630	134,987	119,936	98,107	78,747	61,665	56,091	50,904	48,372	46,923
General and administrative
162,000	184,000	186,000	185,000	185,000	177,000	212,000	196,000	208,000	215,000	231,912	245,000	243,000	205,088	191,336	166,467	192,659	164,538	-	187,517	-	-	-	-	-	-	-	-	-	15,564
General and administrative
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	159,082	125,642	-	51,585	46,410	29,112	-	25,397	15,746	-
Provision for loan losses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	855	753	-	877	0	1,128
Loss on foreclosed real estate and other
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-9,498	-1,858	-2,007	-	505	-1,490	2,265	-3,466	-2,558	-2,099	-2,247
Occupancy
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,581	7,281	5,935	5,493	5,641	2,870	2,782	3,438	3,458	2,185	2,259
Total expenses
339,000	364,000	371,000	368,000	367,000	369,000	412,000	407,000	413,000	412,000	417,157	446,000	441,000	383,843	362,932	327,224	346,711	321,133	398,002	395,854	339,851	268,571	200,268	154,828	130,372	96,577	86,466	83,194	68,402	68,121
Other income (expenses):
Interest income
140,000	145,000	162,000	157,000	139,000	139,000	112,000	103,000	107,000	103,000	107,226	113,000	87,000	43,774	49,802	43,314	42,941	43,943	-	63,903	52,437	-	-	-	-	-	-	-	-	-
Interest income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	29,608	-	16,564	13,415	11,201	15,556	16,201	16,727	18,318
Interest expense
164,000	171,000	169,000	181,000	188,000	193,000	172,000	165,000	167,000	161,000	165,352	176,000	148,000	115,648	103,305	116,673	139,422	156,600	160,305	168,215	117,911	92,374	71,400	65,015	35,913	24,980	28,446	26,376	25,185	25,368
Other income (expenses)
-2,000	8,000	-1,000	-2,000	7,000	-1,000	0	-2,000	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on repurchase of unsecured senior notes
-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on disposal of property
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,898	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain (Loss) on Sale of Properties
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-
Loss on equity method investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-733	-477	-	-	-	-	-
Gain (loss) on interest rate swaps and caps
-	-	-	-	-	-	-	-	-	-	-	-	-	-767	-	940	-953	2,821	675	400	789	1,268	708	-1,077	-357	-268	-	0	0	-
Fair value changes in ABS securitizations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-654	-3,613	2,652
Total other income (expenses), net
-26,000	-18,000	-8,000	-26,000	-42,000	-55,000	-60,000	-64,000	-60,000	-58,000	-50,359	-63,000	-61,000	-72,641	-54,209	-67,521	-97,434	-109,836	-108,358	-103,912	-64,685	-61,498	-37,930	-50,261	-23,332	-14,164	-18,169	-10,829	-12,071	-9,702
Income before income tax expense (benefit)
79,000	206,000	58,000	12,000	-29,000	3,000	317,000	71,000	-144,000	-215,000	120,367	-112,000	120,000	-74,367	32,155	109,579	105,588	38,678	-85,940	132,072	199,129	100,993	94,416	79,781	49,055	53,331	14,892	-3,100	1,726	7,369
Less: Income tax expense (benefit)
21,000	46,000	17,000	5,000	-10,000	1,000	119,000	29,000	-53,000	-82,000	41,525	-47,000	44,000	-27,525	12,758	-1,700	38,941	15,001	-35,033	50,187	75,669	38,377	30,657	24,714	12,780	3,145	-	0	0	-
Net income (loss)
58,000	160,000	41,000	7,000	-19,000	2,000	198,000	42,000	-91,000	-133,000	78,842	-65,000	76,000	-46,842	19,397	111,279	66,647	23,677	-50,907	81,885	123,460	62,616	-	55,067	36,275	-	-	-	-	-
Less: Net income attributable to non-controlling interests
0	0	0	0	1,000	0	0	-3,000	1,000	-1,000	527	1,000	1,000	1,473	113	54	192	-359	0	0	0	0	0	0	0	0	-	-	-	-
Net income (loss) attributable to Nationstar
58,000	160,000	41,000	7,000	-20,000	2,000	198,000	45,000	-92,000	-132,000	78,315	-66,000	75,000	-48,315	19,284	111,225	66,455	24,036	-50,907	81,885	123,460	62,616	63,759	55,067	36,275	50,186	14,892	-3,100	1,726	7,369
Change in value of designated cash flow hedge, net of tax of $0, $0 and ($1), respectively
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-37	0	0	-1,963	-	-407	1,819	-	-	423	-423	-	-	0	-1,210	-
Other Comprehensive Income (Loss), Reclassification Adjustment on Derivatives Included in Net Income, before Tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-
Change in value of designated cash flow hedge
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	139
Total comprehensive income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	19,247	111,225	66,455	22,073	-50,356	81,478	125,279	62,616	-	55,490	35,852	-	14,892	-3,100	516	7,508
Net income (loss) per common share attributable to Nationstar:
Basic (in dollars per share)
0.59	1.63	0.42	0.07	-0.20	0.02	-	0.46	-	-1.28	-	-	0.69	-	0.23	1.23	0.74	0.27	-0.57	0.92	1.38	0.70	0.71	0.62	0.41	0.67	0.21	-0.04	0.02	0.11
Diluted (in dollars per share)
0.59	1.61	0.41	0.07	-0.20	0.02	-	0.46	-	-1.28	-	-	0.69	-	0.22	1.22	0.74	0.27	-0.58	0.91	1.37	0.70	0.71	0.61	0.41	0.67	0.21	-0.04	0.02	0.11
Basic and diluted (in dollars per share)
-	-	-	-	-	-	-	-	-0.92	-	-	-0.62	-	-0.54	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Weighted average shares of common stock outstanding (in thousands):
Basic (in shares)
98,203	97,873	97,735	97,706	97,752	97,591	-	97,461	-	103,098	-	107,568	107,521	-	89,157	90,120	89,465	89,342	89,428	89,477	89,462	89,293	89,256	89,168	88,500	74,388	139,930	70,000	70,000	70
Dilutive effect of stock awards (in shares)
927	1,238	-	988	0	1,212	-	893	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dilutive effect of stock awards (shares)
-	-	-	-	-	-	-	-	-	0	-	0	368	-	-467	1,001	729	733	952	921	890	649	-1,014	597	1,028	173	-	0	0	-
Diluted (in shares)
99,130	99,111	99,963	98,694	97,752	98,803	-	98,354	-	103,098	-	107,568	107,889	-	88,690	91,121	90,194	90,075	90,380	90,398	90,352	89,942	88,242	89,765	89,528	74,561	139,930	70,000	70,000	70
Basic and diluted (in shares)
-	-	-	-	-	-	-	-	100,055	-	-	-	-	89,911	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividends declared per share (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	-	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00