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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Cash flows from operating activities:    
Net loss $ (39) $ (33)
Adjustments to reconcile Net loss to net cash used in operating activities:    
Capitalization of originated mortgage servicing rights (30) (48)
Net loss on mortgage servicing rights and related derivatives 83 4
Loss on early extinguishment of debt 0 30
Origination of mortgage loans held for sale (5,050) (7,262)
Proceeds on sale of and payments from mortgage loans held for sale 4,999 6,938
Net gain on interest rate lock commitments, mortgage loans held for sale and related derivatives (134) (151)
Depreciation and amortization 9 9
Deferred income tax benefit (58) (2)
Other adjustments and changes in other assets and liabilities, net 84 66
Net cash used in operating activities (136) (449)
Cash flows from investing activities:    
Net cash received on derivatives related to mortgage servicing rights 146 5
Proceeds on sale of mortgage servicing rights 4 36
Purchases of property and equipment (9) (16)
(Increase) decrease in restricted cash (7) 13
Other, net 5 3
Net cash provided by investing activities 139 41
Cash flows from financing activities:    
Proceeds from secured borrowings 6,014 9,199
Principal payments on secured borrowings (5,892) (8,812)
Principal payments on unsecured borrowings 0 (243)
Cash tender premiums for convertible debt 0 (30)
Repurchase of Common stock (23) 0
Cash paid for debt issuance costs (3) (4)
Distributions to noncontrolling interest 0 (4)
Issuances of Common stock 0 2
Other, net 0 (1)
Net cash provided by financing activities 96 107
Net increase (decrease) in Cash and cash equivalents 99 (301)
Cash and cash equivalents at beginning of period 906 1,259
Cash and cash equivalents at end of period $ 1,005 $ 958