NATIONSTAR MORTGAGE HOLDINGS INC. NSM Income Statement

Nationstar mortgage holdings inc. (NSM)

Income statement / 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
Revenues:
Service related, net
1,328,000	1,224,000	1,043,000	1,363,000	1,421,000	1,321,000	1,122,000	941,877	842,877	1,187,877	1,319,000	1,180,086	1,330,595	1,249,412	1,376,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Net gain on mortgage loans held for sale
547,000	587,000	607,000	639,000	717,000	766,000	793,000	772,006	726,006	674,006	670,000	659,809	646,725	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-
Servicing fee income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	389,655	300,204	263,113	233,411	0	0	0
Other fee income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	33,881	38,412	34,466	35,294	0	0	0
Total fee income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	423,536	338,616	297,579	268,705	0	0	0
Net gain on mortgage loans held for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	0	-	347,692	238,665	159,142	109,136	0	0	0
Total revenues
1,875,000	1,811,000	1,650,000	2,002,000	2,138,000	2,087,000	1,915,000	1,713,883	1,568,883	1,861,883	1,989,000	1,850,413	1,957,737	1,885,470	1,973,000	1,944,124	2,071,638	2,125,570	2,086,985	1,999,179	1,652,211	1,251,305	984,315	771,228	577,281	456,721	377,841	0	0	0
Expenses:
Salaries, wages and benefits
725,000	730,000	742,000	757,000	785,000	808,000	813,000	798,245	788,245	781,245	763,000	749,351	709,108	665,160	643,000	651,166	683,667	701,245	679,637	619,811	524,660	431,777	358,455	294,610	247,407	217,032	202,290	0	0	0
General and administrative
717,000	740,000	733,000	759,000	770,000	793,000	831,000	850,912	899,912	934,912	925,000	884,424	805,891	755,550	715,000	711,181	0	0	-	0	-	-	-	-	-	-	-	-	-	0
General and administrative
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	152,504	116,665	0	-	0	0	-
Provision for loan losses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	0	0	0
Loss on foreclosed real estate and other
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-2,186	-5,249	-5,858	-10,370	0	0	0
Occupancy
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	24,290	24,350	19,939	16,786	14,731	12,548	11,863	11,340	0	0	0
Total expenses
1,442,000	1,470,000	1,475,000	1,516,000	1,555,000	1,601,000	1,644,000	1,649,157	1,688,157	1,716,157	1,688,000	1,633,775	1,514,999	1,420,710	1,358,000	1,393,070	1,461,700	1,454,840	1,402,278	1,204,544	963,518	754,039	582,045	468,243	396,609	334,639	306,183	0	0	0
Other income (expenses):
Interest income
604,000	603,000	597,000	547,000	493,000	461,000	425,000	420,226	430,226	410,226	351,000	293,576	223,890	179,831	180,000	194,101	203,224	0	-	0	0	-	-	-	-	-	-	-	-	-
Interest income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	56,736	56,373	59,685	66,802	0	0	0
Interest expense
685,000	709,000	731,000	734,000	718,000	697,000	665,000	658,352	669,352	650,352	605,000	542,953	483,626	475,048	516,000	573,000	624,542	603,031	538,805	449,900	346,700	264,702	197,308	154,354	115,715	104,987	105,375	0	0	0
Other income (expenses)
3,000	12,000	3,000	4,000	4,000	-3,000	-2,000	-2,000	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on repurchase of unsecured senior notes
-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on disposal of property
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain (Loss) on Sale of Properties
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-
Loss on equity method investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-
Gain (loss) on interest rate swaps and caps
-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	3,483	2,943	4,685	3,132	3,165	1,688	542	-994	-1,702	-625	0	-	0	0	-
Fair value changes in ABS securitizations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Total other income (expenses), net
-78,000	-94,000	-131,000	-183,000	-221,000	-239,000	-242,000	-232,359	-231,359	-232,359	-247,000	-250,850	-255,371	-291,805	-329,000	-383,149	-419,540	-386,791	-338,453	-268,025	-214,374	-173,021	-125,687	-105,926	-66,494	-55,233	-50,771	0	0	0
Income before income tax expense (benefit)
355,000	247,000	44,000	303,000	362,000	247,000	29,000	-167,633	-350,633	-86,633	54,000	-34,212	187,367	172,955	286,000	167,905	190,398	283,939	346,254	526,610	474,319	324,245	276,583	197,059	114,178	66,849	20,887	0	0	0
Less: Income tax expense (benefit)
89,000	58,000	13,000	115,000	139,000	96,000	13,000	-64,475	-140,475	-43,475	11,000	-17,767	27,533	22,474	65,000	17,209	69,096	105,824	129,200	194,890	169,417	106,528	71,296	40,639	15,925	0	-	0	0	-
Net income (loss)
266,000	189,000	31,000	188,000	223,000	151,000	16,000	-103,158	-210,158	-43,158	43,000	-16,445	159,834	150,481	221,000	150,696	121,302	178,115	217,054	323,028	277,418	0	-	0	0	-	-	-	-	-
Less: Net income attributable to non-controlling interests
0	1,000	1,000	1,000	-2,000	-2,000	-3,000	-2,473	1,527	1,527	4,000	3,586	2,640	1,832	0	-113	-167	-359	0	0	0	0	0	0	0	0	-	-	-	-
Net income (loss) attributable to Nationstar
266,000	188,000	30,000	187,000	225,000	153,000	19,000	-100,685	-211,685	-44,685	39,000	-20,031	157,194	148,649	221,000	150,809	121,469	178,474	217,054	331,720	304,902	217,717	205,287	156,420	98,253	63,704	20,887	0	0	0
Change in value of designated cash flow hedge, net of tax of $0, $0 and ($1), respectively
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-2,000	-2,370	-551	0	-	0	0	-	-	0	0	-	-	0	0	-
Other Comprehensive Income (Loss), Reclassification Adjustment on Derivatives Included in Net Income, before Tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-
Change in value of designated cash flow hedge
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Total comprehensive income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	219,000	149,397	119,650	178,474	219,017	324,863	279,237	0	-	0	0	-	19,816	0	0	0
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