PHH CORP PHH Income Statement

Phh corp (PHH)

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	Dec'10	Sep'10	Jun'10	Mar'10	Sep'09	Jun'09
REVENUES
Fleet management fees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	182,000	179,000	178,000	173,000	169,000	165,000	161,000	157,000	153,000	153,000	0	0	0
Net fee income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	521,000	495,000	467,000	468,000	477,000	480,000	486,000	448,000	415,000	426,000	0	0	0
Fleet lease income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	1,364,000	1,394,000	1,399,000	1,400,000	1,390,000	1,362,000	1,368,000	1,370,000	1,393,000	1,411,000	0	0	0
Gain on mortgage loans, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	881,000	827,000	738,000	567,000	507,000	569,000	589,000	635,000	624,000	506,000	0	0	0
Mortgage interest income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	102,000	102,000	104,000	114,000	123,000	128,000	127,000	110,000	89,000	85,000	0	0	0
Mortgage interest expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	214,000	208,000	203,000	202,000	207,000	206,000	199,000	183,000	162,000	152,000	0	0	0
Mortgage net finance expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-112,000	-106,000	-99,000	-88,000	-162,000	-156,000	-112,000	-73,000	37,000	67,000	0	0	0
Loan servicing income
-	-	-	-	-	-	-	-	-	381,000	-	411,000	427,000	437,000	448,000	459,000	465,000	443,000	436,000	428,000	424,000	436,000	449,000	452,000	452,000	469,000	456,000	449,000	442,000	422,000	415,000	412,000	407,000	0	0	0
Change in fair value of mortgage servicing rights
-	-	-	-	-	-	-	-	-	282,000	-	228,000	197,000	267,000	320,000	208,000	198,000	71,000	-13,000	40,000	191,000	471,000	497,000	583,000	768,000	722,000	733,000	402,000	246,000	407,000	427,000	812,000	503,000	0	0	0
Net derivative gain related to mortgage servicing rights
-	-	-	-	-	-	-	-	-	61,000	-	110,000	60,000	129,000	82,000	24,000	24,000	3,000	-19,000	-9,000	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Net derivative (loss) gain related to mortgage servicing rights
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	0	-	-	-	-	-	-	-	-
Valuation adjustments related to mortgage servicing rights, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	582,000	774,000	730,000	736,000	854,000	0	0	-	0	-	-	-	-
Loan servicing income, net
159,000	147,000	137,000	83,000	87,000	103,000	125,000	145,000	135,000	160,000	236,000	293,000	290,000	299,000	210,000	275,000	291,000	375,000	430,000	361,000	214,000	-51,000	-53,000	-130,000	-322,000	-261,000	-280,000	48,000	196,000	15,000	-12,000	-400,000	-96,000	0	0	0
Gain on loans held for sale, net
133,000	137,000	144,000	106,000	158,000	226,000	262,000	273,000	255,000	264,000	298,000	301,000	301,000	295,000	264,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Origination and other loan fees
137,000	136,000	136,000	99,000	141,000	220,000	280,000	279,000	279,000	287,000	284,000	281,000	270,000	242,000	231,000	230,000	252,000	275,000	307,000	339,000	344,000	345,000	346,000	339,000	316,000	289,000	295,000	308,000	315,000	325,000	291,000	262,000	273,000	0	0	0
Interest income
-	-	-	-	-	-	-	-	-	44,000	-	44,000	44,000	43,000	42,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Secured interest expense
-	-	-	-	-	-	-	-	-	34,000	-	35,000	35,000	35,000	35,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Unsecured interest expense
-	-	-	-	-	-	-	-	-	48,000	-	62,000	73,000	83,000	95,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net interest expense
-47,000	-42,000	-36,000	-33,000	-30,000	-31,000	-32,000	-33,000	-33,000	-38,000	-46,000	-54,000	-70,000	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net interest expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other income
0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	-7,000	-17,000	-16,000	3,000	-29,000	-4,000	13,000	12,000	85,000	81,000	82,000	147,000	145,000	142,000	140,000	70,000	68,000	43,000	0	0	0
Total net revenues
470,000	466,000	456,000	264,000	340,000	505,000	622,000	673,000	645,000	686,000	790,000	847,000	830,000	789,000	639,000	303,000	362,000	581,000	1,200,000	522,000	935,000	1,079,000	1,126,000	2,609,000	2,369,000	2,326,000	2,214,000	2,483,000	2,671,000	2,526,000	2,438,000	2,027,000	2,223,000	0	0	0
EXPENSES
Salaries and related expenses
251,000	259,000	263,000	211,000	235,000	291,000	345,000	340,000	333,000	326,000	323,000	331,000	350,000	356,000	358,000	264,000	306,000	355,000	425,000	388,000	407,000	410,000	387,000	570,000	535,000	509,000	507,000	512,000	515,000	517,000	497,000	474,000	475,000	0	0	0
Commissions
-	-	-	53,000	-	-	64,000	63,000	63,000	72,000	79,000	85,000	88,000	82,000	78,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loan origination expenses
-	-	-	39,000	-	-	64,000	71,000	76,000	83,000	91,000	93,000	92,000	90,000	85,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Foreclosure and repossession expenses
13,000	15,000	19,000	25,000	31,000	35,000	35,000	36,000	37,000	43,000	51,000	55,000	58,000	57,000	56,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Professional and third-party service fees
101,000	107,000	120,000	123,000	133,000	148,000	156,000	156,000	160,000	168,000	171,000	164,000	158,000	141,000	127,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Technology equipment and software expenses
35,000	35,000	35,000	35,000	36,000	39,000	42,000	39,000	38,000	37,000	37,000	38,000	39,000	39,000	37,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Occupancy and other office expenses
34,000	34,000	33,000	31,000	34,000	39,000	47,000	46,000	50,000	51,000	50,000	53,000	50,000	50,000	51,000	47,000	47,000	48,000	50,000	40,000	43,000	44,000	43,000	58,000	57,000	58,000	59,000	59,000	61,000	60,000	60,000	61,000	57,000	0	0	0
Depreciation on operating leases
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	1,209,000	1,212,000	1,218,000	1,223,000	1,225,000	1,225,000	1,222,000	1,224,000	1,236,000	1,251,000	0	0	0
Fleet interest expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	71,000	72,000	76,000	79,000	79,000	84,000	88,000	91,000	93,000	90,000	0	0	0
Depreciation and amortization
12,000	13,000	14,000	14,000	14,000	16,000	16,000	18,000	18,000	17,000	18,000	18,000	20,000	22,000	23,000	22,000	22,000	22,000	23,000	15,000	16,000	16,000	15,000	25,000	25,000	25,000	25,000	24,000	23,000	22,000	22,000	24,000	25,000	0	0	0
Exit and disposal costs
49,000	53,000	62,000	62,000	54,000	50,000	41,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other operating expenses
83,000	97,000	108,000	150,000	126,000	119,000	116,000	85,000	109,000	182,000	183,000	181,000	188,000	112,000	108,000	-186,000	-96,000	14,000	138,000	185,000	208,000	241,000	284,000	667,000	645,000	603,000	523,000	494,000	433,000	436,000	429,000	417,000	415,000	0	0	0
Total expenses
653,000	688,000	729,000	700,000	727,000	837,000	926,000	854,000	884,000	979,000	1,003,000	1,018,000	1,043,000	949,000	923,000	534,000	565,000	630,000	1,060,000	396,000	764,000	1,121,000	1,140,000	2,600,000	2,546,000	2,489,000	2,416,000	2,393,000	2,341,000	2,345,000	2,323,000	2,305,000	2,313,000	0	0	0
Loss from continuing operations before income taxes
-183,000	-222,000	-273,000	-436,000	-387,000	-332,000	-304,000	-181,000	-239,000	-293,000	-213,000	-259,000	-193,000	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income (loss) from continuing operations before income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	126,000	171,000	-42,000	-14,000	9,000	-177,000	-163,000	-202,000	90,000	330,000	181,000	115,000	-278,000	-90,000	0	0	0
Income tax expense (benefit)
-21,000	-55,000	-79,000	-166,000	-138,000	-116,000	-111,000	-70,000	-102,000	-109,000	-82,000	-60,000	-64,000	-58,000	-99,000	-88,000	-82,000	-23,000	42,000	36,000	41,000	-44,000	-37,000	-32,000	-103,000	-94,000	-100,000	26,000	121,000	61,000	39,000	-119,000	-35,000	0	0	0
Loss from continuing operations, net of tax
0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss from continuing operations, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-185,000	-217,000	-46,000	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income from discontinued operations, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income (loss) from discontinued operations, net of tax
0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net loss
-138,000	-153,000	-194,000	-296,000	-275,000	-234,000	-193,000	-111,000	-137,000	-184,000	-131,000	-112,000	153,000	154,000	87,000	163,000	-101,000	56,000	164,000	193,000	216,000	72,000	93,000	41,000	-74,000	-69,000	-102,000	64,000	209,000	120,000	76,000	-159,000	-55,000	0	0	0
Less: net loss attributable to noncontrolling interest from discontinued operations
0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Less: net income attributable to noncontrolling interest
-	-	-	5,000	-	-	9,000	12,000	9,000	12,000	14,000	12,000	12,000	10,000	6,000	4,000	7,000	15,000	29,000	45,000	58,000	61,000	59,000	52,000	43,000	32,000	25,000	32,000	29,000	0	-	0	0	-	0	0
Net loss attributable to PHH Corporation
-169,000	-180,000	-217,000	-301,000	-273,000	-239,000	-202,000	-123,000	-146,000	-196,000	-145,000	-124,000	141,000	144,000	81,000	159,000	-108,000	41,000	135,000	148,000	158,000	11,000	34,000	-11,000	-117,000	-101,000	-127,000	-148,000	0	0	-	0	-	-	-	-
Comprehensive loss attributable to PHH Corporation
0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Basic and Diluted earnings (loss) per share:
Basic and Diluted loss per share from continuing operations (in usd per share)
-1.11	-0.80	-	-	-0.78	-0.99	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Basic and Diluted earnings (loss) per share from discontinued operations (in usd per share)
0.04	-0.12	-	-	-0.08	-0.27	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Basic and Diluted loss per share attributable to PHH Corporation (in usd per share)
-1.07	-0.92	-1.36	-1.14	-0.86	-1.26	-2.49	-0.50	-0.22	-0.56	-	-0.84	-1.20	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.14	-	-	-	-
Weighted-average common shares outstanding:
Weighted-average common shares outstanding basic & diluted (in shares)
32,668	-	-	-	53,342	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
From continuing operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1.64	-0.23	-1.01	-	-1.19	1.30	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
From discontinued operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5.64	-0.79	0.28	-	0.29	0.28	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net (loss) income attributable to PHH Corporation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0
Basic (loss) earnings per share attributable to PHH Corporation (in usd per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	0.40	-	4.00	-1.02	-0.73	0.78	-0.90	1.58	0.90	1.02	-0.74	-1.00	1.32	0.22	-2.62	-0.73	0.87	-	-	-2.40	0.15	-0.94	1.93
From continuing operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1.64	-0.23	-1.01	-	-1.19	1.15	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
From discontinued operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5.64	-0.79	0.28	-	0.29	0.25	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Diluted (loss) earnings per share attributable to PHH Corporation (in usd per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	0.34	-	4.00	-1.02	-0.73	0.77	-0.90	1.40	0.79	1.04	-0.74	-1.00	1.30	0.25	-2.62	-0.73	0.84	-	-	-2.40	0.15	-0.94	1.91