Ocwen financial corporation (OCN)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Revenue
Servicing And Subservicing Fees

975,500

937,083

991,597

1,186,620

-

-

-

-

-

-

-

Fee and Commissions, Reverse Mortgage Banking

86,309

60,237

75,515

-

-

-

-

-

-

-

-

Servicing and subservicing fees

-

-

-

-

1,531,797

1,894,175

1,823,559

804,407

458,838

321,699

264,467

Gain (loss) on trading securities

-

-

-

-

-

-

-

-

-

-7,968

11,187

Gain (Loss) on Sales of Loans, Net

38,300

37,336

57,183

90,391

134,969

134,297

121,694

-

-

-5,865

-11,132

Revenue from Contract with Customer, Including Assessed Tax

23,259

28,389

70,281

110,152

-

-

-

-

-

-

-

Gain on loans held for sale, net

-

-

-

-

-

-

-

215

-2

-

-

Process management fees

-

-

-

-

-

-

-

-

-

33,704

108,082

Other

-

-

-

-

74,332

82,853

93,020

40,581

37,055

4,978

8,179

Total revenue

1,123,375

1,063,045

1,194,576

1,387,163

1,741,098

2,111,325

2,038,273

845,203

495,891

360,381

380,728

MSR valuation adjustments, net

120,876

153,457

52,962

124,029

-

-

-

-

-

-

-

Operating expenses
Compensation and benefits

313,508

298,036

358,994

381,340

415,055

415,530

442,777

122,341

99,844

87,644

87,620

Servicing and origination

109,007

131,297

141,496

188,750

344,560

202,739

112,127

25,542

8,217

6,851

38,653

Professional services

102,638

165,554

229,451

305,586

276,393

326,667

123,886

29,213

19,961

42,837

26,200

Technology and communications

79,166

98,241

100,490

110,333

154,758

167,053

140,466

45,362

33,617

25,644

20,066

Occupancy and equipment

68,146

59,631

66,019

80,191

112,864

109,179

105,145

47,044

23,759

32,924

18,985

Goodwill impairment loss

-

-

-

-

-

420,201

0

0

-

-

-

Amortization of mortgage servicing rights

-

-

-

-

99,194

250,375

282,781

72,897

42,996

31,455

32,228

Other expenses

1,474

26,280

49,233

33,025

75,360

143,464

94,112

-

-

-

-

Total operating expenses

673,939

779,039

945,683

1,223,254

1,478,184

2,035,208

1,301,294

-

-

-

-

Income from operations

-

-

-

-

-

-

-

481,296

256,344

123,907

145,074

Other Income and Expenses [Abstract]
Other income (expense)
Other

-

-

-

-

-

-

-

21,508

11,153

9,119

11,902

Total expenses

-

-

-

-

-

-

-

363,907

239,547

236,474

235,654

Interest income

17,104

14,026

15,965

19,083

18,320

22,991

22,355

-

-

-

-

Interest income

-

-

-

-

-

-

-

8,329

8,876

10,859

8,786

Interest expense

114,129

103,371

126,927

412,583

482,373

541,757

395,586

223,455

132,770

85,923

62,954

Pledged MSR liability expense

372,089

171,670

236,311

-

-

-

-

-

-

-

-

Gain on repurchase of senior secured notes

5,099

0

0

-

-

-

-

-

-

-

-

Bargain purchase gain

-381

64,036

0

0

-

-

-

-

-

-

-

Gain on sale of MSRs, net

453

1,325

10,537

8,492

83,921

0

0

-

-

-

-

Gain on extinguishment of debt

-

-

-

-

-

2,609

-8,681

-2,167

3,651

-

-

Equity in earnings (losses) of unconsolidated entities

-

-

-

-

-

-

-

-

-

1,371

-2,933

Other, net

8,892

-6,371

-3,168

14,738

-12,643

-3,119

-2,588

-6,495

-13,106

2,773

5,233

Total other expense, net

-455,051

-202,025

-339,904

-370,270

-392,775

-519,276

-384,500

-223,788

-133,349

-84,753

-51,813

Loss from continuing operations before income taxes

-126,491

-71,476

-143,973

-206,361

-129,861

-443,159

352,479

257,508

122,995

39,154

-2,849

Income from continuing operations before income taxes

-

-

-

-

-

-

-

-

-

-

93,261

Income tax (benefit) expense

15,634

529

-15,516

-6,986

116,851

26,396

42,061

76,585

44,672

5,545

96,110

Loss from continuing operations, net of tax

-142,125

-72,005

-128,457

-199,375

-

-

-

-

-

33,609

-

Income from discontinued operations, net of income taxes

-

-

-

-

-

-

-

-

-

4,383

-

Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest

0

1,409

0

0

-

-

-

-

-

-

3,121

Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

-142,125

-70,596

-128,457

-199,375

-246,712

-469,555

310,418

180,923

78,323

37,992

272

Net (income) loss attributable to non-controlling interests

0

176

-491

387

305

245

0

0

-8

8

-25

Net Income (Loss) Attributable to Parent

-142,125

-70,772

-127,966

-199,762

-247,017

-469,800

310,418

180,923

78,331

37,984

297

Preferred stock dividends

-

-

-

-

-

1,163

5,031

85

0

-

-

Deemed dividends related to beneficial conversion feature of preferred stock

-

-

-

-

-

1,639

6,989

60

0

-

-

Net loss attributable to Ocwen common stockholders

-

-

-

-

-

-472,602

298,398

180,778

78,331

-

-

Loss per share attributable to Ocwen stockholders
Continuing operations (USD per share)

-1.06

-0.54

-1.01

-1.61

-

-

-

-

-

-

-

Discontinued operations (USD per share)

0.00

0.01

0.00

0.00

-

-

-

-

-

-

-

Earnings Per Share, Basic and Diluted

-1.06

-0.53

-1.01

-1.61

-

-

-

-

-

-

-

Net income attributable to Ocwen common stockholders

-

-

-

-

-

-

-

-

-

37,984

-

Income from continuing operations (in Dollars per share)

-

-

-

-

-

-

-

-

-

0.34

-0.04

Income from discontinued operations (in Dollars per share)

-

-

-

-

-

-

-

-

-

0.04

0.04

Basic (in USD per share)

-

-

-

-

-1.97

-3.60

2.20

1.35

0.75

0.38

-

Income from continuing operations (in Dollars per share)

-

-

-

-

-

-

-

-

-

0.32

-0.04

Income from discontinued operations (in Dollars per share)

-

-

-

-

-

-

-

-

-

0.04

0.04

Diluted (in USD per share)

-

-

-

-

-1.97

-3.60

2.13

1.31

0.71

0.36

-

Basic (in shares)

134,444

133,703

127,082

123,990

125,315

131,362

135,678

133,912

104,507

100,273

78,252,000

Diluted (in shares)

134,444

133,703

127,082

123,990

125,315

131,362

139,800

138,521

111,855

107,483

78,252,000