Front Yard Residential Corporation RESI Income Statement

Front yard residential corporation (RESI)

Income statement / TTM

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
208,713	207,010	208,975	206,520	195,873	183,013	163,901	148,548	137,744	123,597	113,001	89,631	68,110	48,563	29,914	24,345	17,904	13,233	8,406	4,854	2,895	1,564	749	286	105	36	0	0	0
Change in unrealized gain on mortgage loans
-	-	-	-	-	-	-	-	-	-190,856	-198,420	-211,444	-205,322	-195,909	-197,319	-128,668	-14,757	88,829	222,766	283,993	346,826	350,822	294,027	222,971	125,094	61,092	0	0	0
Net realized gain on mortgage loans
-	-	-	-	-	-	-	-	-	84,024	128,708	140,855	108,808	85,990	77,324	80,751	91,843	94,493	69,427	70,280	61,827	55,766	40,334	28,516	19,416	10,482	0	0	0
Net realized gain on sales of real estate
-	-	-	-	-	-	-	-	-	76,913	84,916	89,854	108,172	117,617	108,839	96,446	69,725	50,932	41,864	31,260	20,090	9,482	4,544	0	0	-	0	-	-
Net realized gain on mortgage loans held for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	86,174	70,478	-	2,974	3,176	2,922	2,771	302	0	0	-	0	-	-
Interest income
-	-	-	-	-	-	-	-	-	493	413	458	464	497	441	347	483	611	731	3,184	3,025	2,893	2,913	0	0	-	0	-	-
Total revenues
208,713	207,010	208,975	206,520	195,873	183,013	156,742	132,094	104,598	94,171	78,471	59,207	46,035	56,758	68,841	122,963	199,244	248,098	346,168	396,747	437,585	423,298	343,244	253,883	145,410	72,297	0	0	0
Expenses:
Residential property operating expenses
78,199	77,775	76,795	73,289	68,569	63,987	55,299	53,266	58,355	62,759	68,083	67,858	66,524	66,466	71,591	73,154	72,008	66,266	58,358	51,031	37,427	26,018	14,042	4,986	1,817	767	0	0	0
Property management expenses
15,860	15,364	15,303	14,516	13,927	13,189	11,543	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization
80,230	82,249	83,893	85,331	84,156	80,961	75,364	69,573	65,617	61,601	59,525	49,365	38,600	27,027	15,870	12,771	10,075	7,472	4,995	3,258	2,017	1,067	485	176	73	25	0	0	0
Acquisition and integration costs
989	3,131	10,659	35,677	35,785	33,607	26,131	1,194	644	778	1,692	6,611	7,925	9,339	8,860	4,519	3,509	2,292	0	0	0	-	-	-	-	-	-	-	-
Impairment
3,673	4,458	4,831	5,612	6,179	12,734	20,416	26,492	33,463	40,108	38,596	42,814	45,542	57,913	87,998	87,133	84,130	72,230	47,248	42,085	36,125	21,788	8,985	0	0	-	0	-	-
Mortgage loan servicing costs
515	902	1,195	1,428	1,553	1,521	2,164	2,487	4,793	10,683	16,307	23,297	29,116	34,595	42,317	48,002	55,804	62,346	66,582	74,331	75,010	68,181	56,218	37,146	21,463	10,418	0	0	0
Interest Expense
82,123	84,137	88,302	87,309	82,482	77,035	67,160	61,258	60,073	59,582	61,773	57,707	53,024	53,868	51,277	55,539	58,467	53,694	50,937	48,200	41,747	35,812	27,757	16,525	10,234	4,568	0	0	0
Share-based Payment Arrangement, Expense
6,326	5,926	5,501	5,244	4,538	3,024	3,195	2,353	1,811	4,139	3,618	3,679	3,156	1,287	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
General and administrative
27,654	25,829	24,461	22,425	16,910	13,817	10,971	10,940	11,345	10,994	10,605	9,234	9,963	10,556	10,953	11,158	8,603	10,105	15,411	14,944	16,696	13,317	5,693	4,854	2,760	2,800	0	0	0
Management fees to AAMC
14,308	14,299	14,323	14,387	14,528	14,743	15,059	15,540	16,276	17,301	18,318	18,847	19,464	19,175	11,411	11,741	11,842	22,966	42,109	58,651	70,967	67,949	59,863	40,372	24,061	12,416	0	0	0
Total expenses
309,845	314,070	325,293	345,248	328,646	314,618	291,770	257,971	264,296	276,927	284,475	283,113	277,015	283,927	300,954	304,275	304,667	297,555	290,189	296,188	283,164	236,943	174,330	108,999	62,469	32,701	0	0	0
Net gain on real estate and mortgage loans
5,612	12,856	13,591	14,414	10,266	-145	-8,074	-18,710	-35,194	-29,919	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating loss
-95,520	-94,204	-102,727	-124,314	-122,507	-131,750	-135,791	-127,817	-161,332	-182,756	-202,458	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Casualty losses
0	-	0	-	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss from Catastrophes
-	-	-	1,649	-	-	-	5,501	0	-	0	0	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Insurance recoveries
266	730	926	1,011	1,115	588	3,134	3,001	0	-	0	0	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other income
-10,813	-10,772	-10,779	-662	398	925	918	790	576	0	0	-750	0	-	0	0	-	3,518	5,678	4,160	4,543	2,543	177	190	0	0	0	0	0
Loss before income taxes
-106,939	-105,224	-114,055	-125,614	-121,939	-130,789	-134,103	-129,064	-163,428	-185,428	-209,139	-223,906	-231,730	-227,919	-232,863	-180,544	-103,905	-45,939	61,657	104,719	158,964	188,898	169,091	145,074	82,941	39,596	0	0	0
Income tax expense
159	167	54	60	54	46	-10	12	19	26	45	0	-3	109	119	163	182	66	22	45	-400	45	76	26	448	0	0	0	0
Net Income (Loss) Attributable to Parent
-107,098	-105,391	-114,109	-125,674	-121,993	-130,835	-134,093	-129,076	-163,447	-185,454	-209,184	-223,906	-231,727	-228,028	-232,982	-180,707	-104,087	-46,005	61,635	104,674	159,364	188,853	169,015	145,048	82,493	39,596	0	0	0
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