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Condensed Consolidated Statements of Operations - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Interest income $ 1,077 $ 1,000 $ 2,184 $ 1,955
Interest expense 271 238 527 473
Net interest income 806 762 1,657 1,482
Provision for finance receivable losses 423 268 954 554
Net interest income after provision for finance receivable losses 383 494 703 928
Other revenues:        
Insurance 109 114 226 224
Investment 29 24 38 50
Net loss on repurchase and repayment of debt 0 (12) 0 (33)
Net gain on sale of real estate loans 0 0 0 3
Other 10 30 25 60
Total other revenues 148 156 289 304
Other expenses:        
Salaries and benefits 184 204 383 404
Other operating expenses 139 140 291 276
Insurance policy benefits and claims 90 50 157 94
Total other expenses 413 394 831 774
Income (loss) before income tax expense (benefit) 118 256 161 458
Income tax expense (benefit) 29 62 40 112
Net income $ 89 $ 194 $ 121 $ 346
Weighted average number of shares outstanding:        
Basic (in shares) 134,316,252 136,083,993 135,112,676 136,043,221
Diluted (in shares) 134,379,576 136,248,813 135,260,396 136,220,274
Earnings per share:        
Basic (in dollars per share) $ 0.66 $ 1.43 $ 0.90 $ 2.54
Diluted (in dollars per share) $ 0.66 $ 1.42 $ 0.90 $ 2.54
OMFC        
Interest income $ 1,077 $ 1,000 $ 2,184 $ 1,955
Interest expense 271 238 527 473
Net interest income 806 762 1,657 1,482
Provision for finance receivable losses 423 268 954 554
Net interest income after provision for finance receivable losses 383 494 703 928
Other revenues:        
Insurance 109 114 226 224
Investment 29 24 38 50
Net loss on repurchase and repayment of debt 0 (12) 0 (33)
Net gain on sale of real estate loans 0 0 0 3
Other 10 34 25 68
Total other revenues 148 160 289 312
Other expenses:        
Salaries and benefits 184 204 383 404
Other operating expenses 139 140 291 276
Insurance policy benefits and claims 90 50 157 94
Total other expenses 413 394 831 774
Income (loss) before income tax expense (benefit) 118 260 161 466
Income tax expense (benefit) 29 63 40 113
Net income $ 89 $ 197 $ 121 $ 353