| Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 |
|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | |||||||||
Net loss | |||||||||
-194 | -193 | -131 | 87 | 164 | 93 | -102 | 76 | 173 | -281 |
Adjustments to reconcile Net loss to net cash provided by operating activities: | |||||||||
Net gain on sale of business | |||||||||
- | - | - | 241 | 0 | - | - | - | - | - |
Capitalization of originated mortgage servicing rights | |||||||||
36 | 60 | 101 | 97 | -244 | -310 | -499 | - | - | - |
Goodwill impairment charge | |||||||||
- | - | - | - | - | - | - | - | - | 61 |
Capitalization of originated mortgage servicing rights | |||||||||
- | - | - | - | - | - | - | -456 | -496 | -328 |
Change in fair value of mortgage servicing rights and related derivatives | |||||||||
-119 | -228 | -158 | 238 | 6 | 502 | 736 | 427 | 280 | -733 |
Change in fair value of mortgage servicing rights secured liability | |||||||||
48 | 0 | 0 | - | - | - | - | - | - | - |
Vehicle depreciation | |||||||||
- | - | - | 596 | 1,211 | 1,212 | 1,223 | 1,224 | 1,267 | 1,299 |
Depreciation and amortization | |||||||||
- | - | - | 28 | 33 | 25 | - | - | - | - |
Loss on early extinguishment of debt | |||||||||
-34 | 0 | -30 | -24 | -54 | - | - | - | - | - |
Gain on PHH Home Loans asset sales | |||||||||
70 | 0 | 0 | - | - | - | - | - | - | - |
Origination of mortgage loans held for sale | |||||||||
6,806 | 10,513 | 13,512 | 12,612 | 25,914 | 37,162 | 38,929 | 38,140 | 29,592 | 20,580 |
Proceeds on sale of and payments from mortgage loans held for sale | |||||||||
7,478 | 10,838 | 13,965 | 12,784 | 27,837 | 38,711 | 41,263 | 35,496 | 29,930 | 21,252 |
Net gain on interest rate lock commitments, mortgage loans held for sale and related derivatives | |||||||||
226 | 266 | 297 | 230 | 527 | 1,108 | 516 | 614 | - | - |
Depreciation and amortization | |||||||||
14 | 16 | 18 | - | - | - | 25 | 22 | 26 | 25 |
Net gain on interest rate lock commitments, mortgage loans held for sale and related derivatives | |||||||||
- | - | - | - | - | - | - | - | 638 | 190 |
Deferred income tax benefit | |||||||||
-101 | -91 | -70 | -96 | 64 | -23 | -100 | 27 | 123 | - |
Asset impairments | |||||||||
3 | 38 | 0 | 0 | - | - | - | - | - | - |
Deferred income tax benefit | |||||||||
- | - | - | - | - | - | - | - | - | -118 |
Other adjustments and changes in other assets and liabilities, net | |||||||||
-136 | -77 | -62 | 492 | -25 | -117 | 315 | -258 | -210 | -20 |
Net cash provided by operating activities | |||||||||
303 | 74 | 122 | -11 | 2,709 | 2,057 | - | - | - | 1,893 |
Cash flows from investing activities: | |||||||||
Investment in vehicles | |||||||||
- | - | - | - | - | - | - | 1,463 | 1,073 | 1,959 |
Proceeds on sale of investment vehicles | |||||||||
- | - | - | - | - | - | - | 353 | 418 | 532 |
Net cash paid on derivatives related to mortgage servicing rights | |||||||||
45 | -60 | -35 | -70 | 23 | - | 3 | - | - | - |
Proceeds on sale of mortgage servicing rights | |||||||||
127 | 12 | 47 | 67 | 1 | 2 | - | - | 92 | 179 |
Proceeds on sale of servicing advances | |||||||||
31 | 0 | 0 | - | - | - | - | - | - | - |
Proceeds from PHH Home Loans asset sales | |||||||||
70 | 0 | 0 | - | - | - | - | - | - | - |
Net cash paid on derivatives related to mortgage servicing rights | |||||||||
- | - | - | - | - | - | - | - | - | 111 |
Purchases of property and equipment | |||||||||
1 | 17 | 31 | 15 | 32 | 31 | 25 | 17 | 11 | 21 |
Decrease (increase) in restricted cash | |||||||||
-16 | 10 | -9 | 87 | -67 | -109 | 71 | -319 | -18 | 35 |
Proceeds from sale of business, net of cash transferred and transaction costs | |||||||||
- | - | - | 1,096 | 0 | - | - | - | - | - |
Purchases of certificates of deposit | |||||||||
- | - | - | 250 | 0 | - | - | - | - | - |
Proceeds from maturities of certificates of deposit | |||||||||
- | - | - | 250 | 0 | - | - | - | - | - |
Net cash provided by operating activities | |||||||||
- | - | - | - | - | - | 2,786 | -1,680 | 1,283 | - |
Investment in vehicles | |||||||||
- | - | - | 850 | 1,722 | 1,702 | 1,695 | - | - | - |
Proceeds on sale of investment vehicles | |||||||||
- | - | - | 201 | 409 | 345 | 407 | - | - | - |
Purchases of restricted investments | |||||||||
- | - | - | - | 85 | 178 | 250 | 400 | - | - |
Proceeds from sales and maturities of restricted investments | |||||||||
- | - | - | - | 205 | 219 | 279 | 148 | - | - |
Other, net | |||||||||
1 | -5 | -2 | -7 | -3 | -21 | -27 | -20 | -6 | -7 |
Net cash provided by investing activities | |||||||||
197 | 50 | 62 | 489 | -1,177 | -1,215 | - | - | - | -1,408 |
Cash flows from financing activities: | |||||||||
Net cash used in investing activities | |||||||||
- | - | - | - | - | - | -1,331 | -1,040 | -550 | - |
Proceeds from secured borrowings | |||||||||
9,456 | 12,306 | 17,213 | 18,254 | 43,342 | 62,799 | 63,002 | 57,760 | 41,585 | - |
Principal payments on secured borrowings | |||||||||
9,858 | 12,394 | 17,378 | 18,065 | 44,443 | 62,975 | 64,284 | 54,908 | 41,795 | - |
Proceeds from mortgage servicing rights secured liability | |||||||||
426 | 0 | 0 | - | - | - | - | - | - | - |
Proceeds from unsecured borrowings | |||||||||
- | - | - | - | 350 | 518 | 1,304 | 3,482 | 2,762 | - |
Principal payments on unsecured borrowings | |||||||||
496 | 0 | 245 | 435 | 288 | 671 | 1,205 | 3,498 | 3,118 | - |
Cash tender premiums for debt extinguishment | |||||||||
28 | 0 | 30 | 0 | 0 | 14 | - | - | - | - |
Net decrease in short-term borrowings | |||||||||
- | - | - | - | - | - | - | - | - | 133 |
Proceeds from borrowings | |||||||||
- | - | - | - | - | - | - | - | - | 30,291 |
Principal payments on borrowings | |||||||||
- | - | - | - | - | - | - | - | - | 30,627 |
Issuances of Common stock | |||||||||
0 | 0 | 2 | 10 | 3 | 5 | 8 | 10 | 4 | 1 |
Repurchase of common stock | |||||||||
301 | 23 | 77 | 200 | 0 | - | - | - | - | - |
Proceeds on sale of warrants (Note 10) | |||||||||
- | - | - | - | - | - | - | - | 35 | 24 |
Cash paid for purchased options (Note 10) | |||||||||
- | - | - | - | - | - | - | - | 66 | 51 |
Cash paid for debt issuance costs | |||||||||
2 | 4 | 7 | 21 | 29 | 57 | 35 | 51 | 54 | 54 |
Distributions to noncontrolling interest | |||||||||
60 | 8 | 10 | 4 | 41 | 42 | 20 | - | - | - |
Other, net | |||||||||
-1 | -1 | -5 | -3 | -6 | -4 | -4 | -27 | -8 | -4 |
Net cash (used in) provided by financing activities | |||||||||
-864 | -124 | -537 | -464 | -1,112 | -427 | - | - | - | -553 |
Effect of changes in exchange rates on Cash and cash equivalents | |||||||||
- | - | - | - | -4 | - | - | - | - | 28 |
Net cash used in financing activities | |||||||||
- | - | - | - | - | - | -1,234 | 2,768 | -655 | - |
Effect of changes in exchange rates on Cash and cash equivalents | |||||||||
- | - | - | - | - | - | -2 | -3 | -37 | - |
Net increase (decrease) in Cash and cash equivalents | |||||||||
-364 | 0 | -353 | 14 | 416 | 415 | - | - | - | -40 |
Net (decrease) increase in Cash and cash equivalents | |||||||||
- | - | - | - | - | - | 219 | 45 | 41 | - |
Interest payments | |||||||||
45 | 66 | 72 | 125 | 177 | 213 | 204 | 169 | 164 | 292 |
Income tax (refunds) payments, net | |||||||||
3 | -29 | 9 | 543 | 12 | 11 | 13 | -9 | -21 | 28 |
Payments for debt retirement premiums | |||||||||
- | - | - | 22 | 50 | - | - | - | - | - |