Ocwen financial corporation (OCN)
Income statement / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10
Revenue
Servicing And Subservicing Fees

930,384

975,500

1,022,500

988,516

971,561

937,083

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Fee and Commissions, Reverse Mortgage Banking

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Servicing and subservicing fees

-

-

-

-

-

-

-

-

-

-

1,041,150

1,110,165

1,161,626

-

1,235,249

1,293,031

1,382,752

1,531,797

1,649,620

1,755,567

1,850,257

1,894,175

1,936,447

1,953,750

1,944,709

1,823,559

1,561,166

1,300,910

1,018,613

804,407

726,334

615,934

511,436

458,838

413,812

387,625

357,724

321,699

0

0

0

Gain (loss) on trading securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-7,968

0

0

0

Gain (Loss) on Sales of Loans, Net

42,649

38,300

16,271

17,200

26,518

37,336

41,342

50,177

54,039

57,183

98,293

98,161

97,763

90,391

87,109

88,762

106,037

134,969

141,190

141,110

134,814

134,297

0

0

0

-

-

-

-

-

-

-

0

-

-6,770

-6,298

-5,731

-5,865

0

0

0

Revenue from Contract with Customer, Including Assessed Tax

23,323

23,259

41,539

29,357

16,237

28,389

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on loans held for sale, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Process management fees

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

35,723

34,419

33,594

33,704

0

0

0

Other

-

-

-

-

-

-

-

-

-

-

102,267

108,190

118,881

-

103,358

89,421

72,622

74,332

81,123

84,008

85,437

82,853

76,902

76,097

79,234

93,020

86,417

76,395

61,739

40,581

65,032

55,979

45,793

37,055

3,043

3,641

4,483

4,978

0

0

0

Total revenue

1,073,329

1,123,375

1,172,670

1,127,433

1,106,676

1,063,045

1,028,886

1,075,250

1,132,969

1,194,576

1,241,710

1,316,516

1,378,270

1,387,163

1,425,716

1,471,214

1,561,411

1,741,098

1,871,933

1,980,685

2,070,508

2,111,325

2,173,595

2,191,137

2,182,875

2,038,273

1,719,287

1,420,747

1,087,316

845,203

765,213

654,975

549,431

495,891

452,578

425,685

395,801

360,381

0

0

0

MSR valuation adjustments, net

185,998

120,876

183,467

359,476

245,326

153,457

29,212

21,190

29,640

52,962

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating expenses
Compensation and benefits

279,540

313,508

337,209

327,102

314,657

298,036

297,464

324,695

345,268

358,994

366,477

368,881

376,892

381,340

389,069

398,739

406,160

415,055

413,011

410,278

415,037

415,530

428,216

446,391

453,788

442,777

362,474

274,179

186,184

122,341

131,283

130,591

115,840

99,844

76,999

91,818

89,654

87,644

0

0

0

Servicing and origination

100,565

109,007

126,672

121,811

128,577

131,297

104,886

125,374

132,743

141,496

67,582

78,887

133,229

188,750

337,885

375,879

338,450

344,560

329,171

277,365

260,594

202,739

151,563

136,060

132,161

112,127

96,577

72,179

46,168

25,542

22,027

14,158

9,582

8,217

7,287

7,025

8,182

6,851

0

0

0

Professional services

124,834

102,638

131,938

135,972

131,225

165,554

194,621

192,376

225,392

229,451

193,442

220,514

276,508

305,586

342,460

339,399

290,369

276,393

305,650

403,926

362,200

326,667

236,824

95,210

131,219

123,886

109,277

95,428

34,719

29,213

28,975

28,809

26,136

19,961

16,045

36,102

41,966

42,837

0

0

0

Technology and communications

69,924

79,166

92,015

95,968

99,873

98,241

88,266

95,598

95,946

100,490

104,344

102,356

110,811

110,333

122,484

133,725

142,276

154,758

163,612

170,691

169,428

167,053

159,002

153,550

147,430

140,466

116,061

88,860

66,025

45,362

43,842

40,763

36,094

33,617

28,836

27,034

26,852

25,644

0

0

0

Occupancy and equipment

63,526

68,146

74,812

69,446

63,606

59,631

53,819

57,263

60,884

66,019

67,547

68,967

73,195

80,191

89,547

103,830

111,895

112,864

112,205

105,859

102,842

109,179

113,018

119,107

118,947

105,145

85,191

65,304

49,988

47,044

45,240

41,061

34,934

23,759

34,410

32,891

32,608

32,924

0

0

0

Amortization of mortgage servicing rights

-

-

-

-

-

-

-

-

-

-

-

-

-

-

29,601

50,267

73,506

99,194

152,488

195,163

226,775

250,375

271,421

289,821

296,992

282,781

216,771

157,738

106,466

72,897

66,498

57,558

48,387

42,996

39,411

36,075

34,003

31,455

0

0

0

Other expenses

1,657

1,474

13,029

22,169

22,836

26,280

29,712

37,437

38,890

49,233

47,972

41,942

48,671

33,025

34,155

59,410

65,827

75,360

80,569

85,241

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total operating expenses

640,046

673,939

696,687

869,489

743,645

779,039

745,018

800,971

875,801

945,683

1,068,243

1,066,442

1,170,980

1,223,254

1,345,201

1,461,249

1,428,483

1,478,184

1,573,375

1,531,112

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income from operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

655,622

610,549

566,010

481,296

409,945

326,850

264,956

256,344

240,210

185,593

153,305

123,907

0

0

0

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

77,314

56,510

31,756

21,508

17,403

15,185

13,502

11,153

9,380

9,147

9,231

9,119

0

0

0

Total expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

1,063,665

810,198

521,306

363,907

355,268

328,125

284,475

239,547

212,368

240,092

242,496

236,474

0

0

0

Interest income

17,941

17,104

16,532

16,366

15,884

14,026

13,882

14,018

14,902

15,965

16,696

17,755

18,656

19,083

16,502

17,037

16,935

18,320

21,824

22,724

23,239

22,991

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8,329

8,666

8,768

9,019

8,876

8,996

9,772

9,383

10,859

0

0

0

Interest expense

117,622

114,129

257,752

33,118

79,050

103,371

104,057

90,050

93,675

126,927

316,971

380,651

390,556

412,583

427,850

435,202

469,066

482,373

495,234

509,970

521,280

541,757

485,151

468,987

446,000

395,586

379,359

320,891

265,990

223,455

209,416

178,657

142,151

132,770

122,920

119,449

110,995

85,923

0

0

0

Pledged MSR liability expense

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on repurchase of senior secured notes

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Bargain purchase gain

-

-

63,655

63,655

-

64,036

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sale of MSRs, net

-

-

-

-

-

-

-

-

-

10,537

8,666

7,784

7,604

8,492

-6,348

29,237

58,690

83,921

97,958

56,712

26,406

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on extinguishment of debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,609

6,484

7,766

10,602

-8,681

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Gain (loss) on debt redemption

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

Equity in earnings (losses) of unconsolidated entities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-663

-257

766

1,371

0

0

0

Other, net

9,200

8,892

1,457

-1,829

-4,670

-6,371

-16,121

-13,498

-7,882

-3,168

9,281

25,094

22,272

14,738

11,750

-4,750

-14,302

-12,643

-12,995

-15,700

-6,890

-3,119

-18,150

-13,613

693

-2,588

11,286

9,043

-4,159

-6,495

-16,866

-15,929

-17,624

-13,106

4,792

7,634

4,203

2,773

0

0

0

Total other expense, net

-420,037

-455,051

-385,025

-168,942

-218,101

-202,025

-339,933

-316,624

-312,716

-339,904

-282,328

-330,018

-342,024

-370,270

-405,946

-393,678

-407,743

-392,775

-388,447

-446,234

-478,169

-519,276

-456,989

-441,599

-407,023

-384,500

-380,248

-323,874

-283,329

-223,788

-210,397

-179,097

-146,331

-133,349

-120,575

-115,621

-111,107

-84,753

0

0

0

Loss before income taxes

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss from continuing operations before income taxes

-

-

-171,497

-173,453

-

-71,476

-109,027

-95,307

-108,510

-143,973

-108,861

-79,944

-134,734

-206,361

-325,431

-383,713

-274,815

-129,861

-520,362

-536,710

-472,033

-443,159

230,198

371,909

368,890

352,479

275,374

286,675

282,681

257,508

199,548

147,753

118,625

122,995

112,148

69,972

42,198

39,154

0

0

0

Income from continuing operations before income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

Income tax (benefit) expense

-49,632

15,634

9,252

5,647

1,591

529

4,490

-16,773

-15,293

-15,516

-15,237

-1,929

-13,937

-6,986

87,771

105,713

117,487

116,851

23,888

16,048

23,619

26,396

42,683

48,564

46,895

42,061

34,890

55,363

72,198

76,585

74,311

53,695

43,017

44,672

41,043

24,826

7,396

5,545

0

0

0

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

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

-

-

-179,340

-177,691

-

-70,596

-113,517

-78,534

-93,217

-128,457

-93,624

-78,015

-120,797

-199,375

-413,202

-489,426

-392,302

-246,712

-544,250

-552,758

-495,652

-469,555

187,515

323,345

321,995

310,418

240,484

231,312

210,483

180,923

125,237

94,058

75,608

78,323

78,592

49,529

39,185

37,992

0

0

0

Net (income) loss attributable to non-controlling interests

-

-

0

29

-

176

-604

-516

-523

-491

303

269

358

387

357

393

401

305

401

405

294

245

165

42

-15

0

0

0

0

-

-

-

-

-8

-9

-9

-13

8

0

0

0

Net Income (Loss) Attributable to Parent

-123,120

-142,125

-179,340

-177,720

-117,814

-70,772

-112,913

-78,018

-92,694

-127,966

-93,927

-78,284

-121,155

-199,762

-413,559

-489,819

-392,703

-247,017

-544,651

-553,163

-495,946

-469,800

187,350

323,303

322,010

310,418

0

0

0

-

-

0

-

78,331

78,601

49,538

39,198

37,984

0

0

0

Preferred stock dividends

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,163

1,744

3,190

4,127

5,031

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Deemed dividends related to beneficial conversion feature of preferred stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,639

2,055

5,648

6,319

6,989

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Net loss attributable to Ocwen common stockholders

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-472,602

183,551

314,465

311,564

298,398

215,520

0

0

-

0

-

-

-

-

-

-

-

-

-

-

Loss per share attributable to Ocwen stockholders
Earnings Per Share, Basic and Diluted

-0.19

0.26

-0.32

-0.67

-0.33

-

-0.31

-0.22

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income attributable to Ocwen common stockholders

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

Income from continuing operations (in Dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-0.13

-

-

Income from discontinued operations (in Dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.04

-

-

Basic (in USD per share)

-

-

-

-

-

-

-

-

0.02

-

-0.05

-0.36

-0.26

-

0.08

-0.71

-0.90

-1.79

-0.53

0.08

0.27

-3.95

-0.58

0.49

0.44

1.00

0.40

0.46

0.34

0.49

0.38

0.33

0.15

0.07

0.20

0.26

0.22

0.10

-0.09

0.16

0.21

Income from continuing operations (in Dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-0.13

-

-

Income from discontinued operations (in Dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.04

-

-

Diluted (in USD per share)

-

-

-

-

-

-

-

-

0.02

-

-0.05

-0.36

-0.26

-

0.08

-0.71

-0.90

-1.79

-0.53

0.08

0.27

-3.93

-0.58

0.48

0.43

0.96

0.39

0.45

0.33

0.48

0.37

0.32

0.14

0.06

0.19

0.25

0.21

0.10

-0.09

0.15

0.20

Weighted average common shares outstanding
Weighted Average Number of Shares Outstanding, Basic and Diluted

134,858

-

134,595

134,465

133,918

-

133,912

133,856

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Basic (in shares)

-

-

-

-

-

-

-

-

133,121

130,986

128,744

124,582

124,014

123,988

123,986

123,893

124,093

125,296

125,383

125,311

125,272

125,449

130,551

134,221

135,227

135,595

135,787

135,690

135,638

-130,383,729

134,928

134,856

130,649,595

115,305

101,016

100,943

100,762

100,617

100,329

100,168

99,975

Diluted (in shares)

-

-

-

-

-

-

-

-

134,606

130,986

128,744

124,582

124,014

123,841

124,134

123,893

124,093

121,727

125,383

127,152

126,999

116,102

130,551

137,705

141,089

134,864

140,057

144,721

139,559

-137,769,043

138,702

138,155

138,046,270

123,262

108,273

108,110

107,777

114,549

100,329

107,728

107,324