Front Yard Residential Corporation RESI Income Statement

Front yard residential corporation (RESI)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	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
Revenues:
Rental revenues
54,328	52,064	50,768	51,553	52,625	54,029	48,313	40,906	39,765	34,917	32,960	30,102	25,618	24,321	9,590	8,581	6,071	5,672	4,021	2,140	1,400	845	469	181	69	30	6	0	0
Change in unrealized gain on mortgage loans
-	-	-	-	-	-	-	-	-	-33,039	-28,128	-77,824	-51,865	-40,603	-41,152	-71,702	-42,452	-42,013	27,499	42,209	61,134	91,924	88,726	105,042	65,130	35,129	17,670	7,165	1,128
Net realized gain on mortgage loans
-	-	-	-	-	-	-	-	-	10,947	-2,700	40,227	35,550	55,631	9,447	8,180	12,732	46,965	12,874	19,272	15,382	21,899	13,727	10,819	9,321	6,467	1,909	1,719	387
Net realized gain on sales of real estate
-	-	-	-	-	-	-	-	-	14,781	21,369	20,807	19,956	22,784	26,307	39,125	29,401	14,006	13,914	12,404	10,608	4,938	3,310	1,234	0	-	0	-	-
Net realized gain on mortgage loans held for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	15,950	34,197	-	100	254	151	2,469	302	0	0	-	0	-	-
Interest income
-	-	-	-	-	-	-	-	-	152	164	98	79	72	209	104	112	16	115	240	240	136	2,568	81	108	-	156	-	-
Total revenues
54,328	52,064	50,768	51,553	52,625	54,029	48,313	40,906	39,765	27,758	23,665	13,410	29,338	12,058	4,401	238	40,061	24,141	58,523	76,519	88,915	122,211	109,102	117,357	74,628	42,157	19,741	8,884	1,515
Expenses:
Residential property operating expenses
18,861	19,595	20,775	18,968	18,437	18,615	17,269	14,248	13,855	9,927	15,236	19,337	18,259	15,251	15,011	18,003	18,201	20,376	16,574	16,857	12,459	12,468	9,247	3,253	1,050	492	191	84	0
Property management expenses
4,171	3,964	4,187	3,538	3,675	3,903	3,400	2,949	2,937	-	2,257	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization
20,366	20,266	19,662	19,936	22,385	21,910	21,100	18,761	19,190	16,313	15,309	14,805	15,174	14,237	5,149	4,040	3,601	3,080	2,050	1,344	998	603	313	103	48	21	4	0	0
Acquisition and integration costs
69	67	202	651	2,211	7,595	25,220	759	33	119	283	209	167	1,033	5,202	1,523	1,581	554	861	513	364	-	-	-	-	-	-	-	-
Impairment
235	1,367	495	1,576	1,020	1,740	1,276	2,143	7,575	9,422	7,352	9,114	14,220	7,910	11,570	11,842	26,591	37,995	10,705	8,839	14,691	13,013	5,542	2,879	354	-	210	-	-
Mortgage loan servicing costs
0	75	246	194	387	368	479	319	355	1,011	802	2,625	6,245	6,635	7,792	8,444	11,724	14,357	13,477	16,246	18,266	18,593	21,226	16,925	11,437	6,630	2,154	1,242	392
Interest Expense
19,496	20,327	21,135	21,165	21,510	24,492	20,142	16,338	16,063	14,617	14,240	15,153	15,572	16,808	10,174	10,470	16,416	14,217	14,436	13,398	11,643	11,460	11,699	6,945	5,708	3,405	467	654	42
Share-based Payment Arrangement, Expense
1,500	1,569	1,457	1,800	1,100	1,144	1,200	1,094	-414	1,315	358	552	1,914	794	419	29	45	-	-	-	-	-	-	-	-	-	-	-	-
General and administrative
7,591	6,552	5,519	7,992	5,766	5,184	3,483	2,477	2,673	2,338	3,452	2,882	2,322	1,949	2,081	3,611	2,915	2,346	2,286	1,056	4,417	7,652	1,819	2,808	1,038	28	980	714	1,078
Management fees to AAMC
3,584	3,584	3,584	3,556	3,575	3,608	3,648	3,697	3,790	3,924	4,129	4,433	4,815	4,941	4,658	5,050	4,526	-2,823	4,988	5,151	15,650	16,320	21,530	17,467	12,632	8,234	2,039	1,156	987
Total expenses
75,860	77,336	77,262	79,387	80,085	88,559	97,217	62,785	66,057	65,711	63,418	69,110	78,688	73,259	62,056	63,012	85,600	90,286	65,377	63,404	78,488	82,920	71,376	50,380	32,267	20,307	6,045	3,850	2,499
Net gain on real estate and mortgage loans
1,533	-117	354	3,842	8,777	618	1,177	-306	-1,634	-7,311	-9,459	-16,790	3,641	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating loss
-19,999	-25,389	-26,140	-23,992	-18,683	-33,912	-47,727	-22,185	-27,926	-37,953	-39,753	-55,700	-49,350	-	-57,655	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Casualty losses
-287	-	-287	-	-393	-	-461	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss from Catastrophes
-	-	-	184	-	-	-	-520	0	-	6,021	0	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Insurance recoveries
63	144	48	11	527	340	133	115	0	-	2,886	0	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other income
8	14	-9,989	-846	49	7	128	214	576	0	0	0	0	-	0	-750	-	0	1,518	0	2,000	2,160	0	383	0	-206	13	193	0
Loss before income taxes
-20,215	-25,345	-36,368	-25,011	-18,500	-34,176	-47,927	-21,336	-27,350	-37,490	-42,888	-55,700	-49,350	-61,201	-57,655	-63,524	-45,539	-66,145	-5,336	13,115	12,427	41,451	37,726	67,360	42,361	21,644	13,709	5,227	-984
Income tax expense
0	153	0	6	8	40	6	0	0	-16	28	7	7	3	-17	4	119	13	27	23	3	-31	50	-422	448	0	0	0	0
Net Income (Loss) Attributable to Parent
-20,215	-25,498	-36,368	-25,017	-18,508	-34,216	-47,933	-21,336	-27,350	-37,474	-42,916	-55,707	-49,357	-61,204	-57,638	-63,528	-45,658	-66,158	-5,363	13,092	12,424	41,482	37,676	67,782	41,913	21,644	13,709	5,227	-984
Earnings Per Share [Abstract]
Earnings Per Share, Basic
-0.37	-0.46	-0.68	-0.47	-0.35	-0.64	-0.89	-0.40	-0.51	-0.71	-0.80	-1.04	-0.92	-1.14	-1.06	-1.16	-0.82	-1.17	-0.09	0.23	0.22	0.73	0.66	1.19	0.78	0.98	0.55	0.27	-0.13
Weighted average common stock outstanding – basic (in shares)
53,943	53,885	53,857	53,714	53,630	53,632	53,601	53,520	53,454	53,444	53,408	53,474	53,646	53,789	54,178	54,616	55,380	55,906	57,056	57,208	57,200	57,240	57,174	57,138	53,436	42,675	25,078	19,374	7,810
Loss per share of common stock - diluted:
Earnings Per Share, Diluted
-0.37	-0.46	-0.68	-0.47	-0.35	-0.64	-0.89	-0.40	-0.51	-0.71	-0.80	-1.04	-0.92	-1.14	-1.06	-1.16	-0.82	-1.17	-0.09	0.23	0.22	0.73	0.66	1.18	0.77	0.95	0.53	0.26	-0.13
Weighted Average Number of Shares Outstanding, Diluted
53,943	53,885	53,857	53,714	53,630	53,632	53,601	53,520	53,454	53,444	53,408	53,474	53,646	53,789	54,178	54,616	55,380	55,501	57,056	57,407	57,406	57,457	57,406	57,401	54,086	44,464	25,949	20,259	7,810
Dividends declared per common share (usd per share)
0.15	0.00	0.15	0.15	0.15	0.15	0.15	0.15	0.15	0.15	0.15	0.15	0.15	0.30	0.15	0.15	0.15	0.10	0.55	0.55	0.63	0.55	0.55	0.45	0.48	0.25	0.10	0.00	0.00