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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
REVENUES:        
Interest income $ 62,722 $ 61,874 $ 115,687 $ 116,605
Interest expense (39,923) (54,848) (79,813) (108,346)
Net interest income 22,799 7,026 35,874 8,259
Gain on origination and sale of loans, net 146,562 692,479 509,692 1,826,054
Origination income, net 39,108 92,624 98,181 194,223
Servicing fee income 117,326 94,742 228,385 177,309
Change in fair value of servicing rights, net (33,507) (145,098) (101,890) (188,733)
Other income 16,351 38,141 41,707 78,810
Total net revenues 308,639 779,914 811,949 2,095,922
EXPENSES:        
Personnel expense 296,569 470,125 642,563 1,073,861
Marketing and advertising expense 60,837 114,133 162,350 223,759
Direct origination expense 33,996 50,017 87,153 96,993
General and administrative expense 63,927 48,654 113,675 99,972
Occupancy expense 9,388 9,283 18,784 19,270
Depreciation and amortization 11,323 8,686 21,867 17,139
Servicing expense 10,741 27,241 32,252 53,851
Other interest expense 33,140 21,266 47,533 34,438
Goodwill impairment 40,736 0 40,736 0
Total expenses 560,657 749,405 1,166,913 1,619,283
(Loss) income before income taxes (252,018) 30,509 (354,964) 476,639
Income tax (benefit) expense (28,196) 4,225 (39,823) 22,502
Net (loss) income (223,822) 26,284 (315,141) 454,137
Net (loss) income attributable to noncontrolling interests (122,894) 17,723 (179,472) 400,701
Net (loss) income attributable to loanDepot, Inc. $ (100,928) $ 8,561 $ (135,669) $ 53,436
(Loss) earnings per share:        
Basic (in usd per share) $ (0.66) $ 0.07 $ (0.93) $ 0.42
Diluted (in usd per share) $ (0.66) $ 0.07 $ (0.93) $ 0.42
Weighted average shares outstanding:        
Basic (in shares) 153,822,380 126,726,876 146,415,135 126,392,949
Diluted (in shares) 153,822,380 126,726,876 146,415,135 126,392,949