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Equity Method Investments (Tables)
 12 Months Ended
Dec. 31, 2024
Equity Method Investments and Joint Ventures [Abstract]  
Schedule of Equity Method Investments
The Company had investments in certain strategic joint ventures classified under the equity method of accounting as follows (in millions):
As of December 31,
20242023
Greystone JV$585.2 $574.9 
Onewo JV
126.8 122.7 
Other investments11.6 10.4 
Total Equity method investments$723.6 $708.0 
The Company recognized earnings from equity method investments during the period as follows (in millions):
Year Ended December 31,
202420232022
Greystone JV$26.2 $43.7 $72.9 
Onewo JV
7.7 9.7 4.7 
Other investments3.5 4.7 7.4 
Total Earnings from equity method investments$37.4 $58.1 $85.0 
The following tables summarize the combined financial information for our equity method investments, based on the most recent and sufficiently timely financial information available to the Company as of the respective reporting dates and periods. Certain equity method investments for which results are not available on a timely basis are reported on a lag. Such aggregated summarized financial data does not represent the Company’s proportionate share of the equity method investment assets or earnings.
As of December 31,
(in millions)20242023
Cash and cash equivalents$335.0 $270.2 
Accounts receivable338.5 307.2 
Mortgage loans held for sale623.2 560.1
Mortgage servicing rights838.3 835.0 
Total assets$2,658.0 $2,537.9 
Accounts payable and accrued expenses$555.9 $502.7 
Mortgage indebtedness974.7 892.9 
Total liabilities$1,812.6 $1,723.0 
Non-controlling interest$10.3 $9.9 
Year Ended December 31,
(in millions)202420232022
Gross revenues$1,734.4 $1,664.6 $1,608.5 
Gross profit261.0 320.1 374.2 
Net income96.1 158.1 231.9 
Net income attributable to the entity95.9 157.8 231.9