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Unaudited Consolidated Statements of Operations - USD ($)
$ in Millions
1 Months Ended 2 Months Ended 3 Months Ended 7 Months Ended 9 Months Ended
Jul. 31, 2018
Sep. 30, 2018
Sep. 30, 2019
Jul. 31, 2018
Sep. 30, 2019
Revenues:          
Service related, net   $ 259 $ 258   $ 479
Net gain on mortgage loans held for sale   83 360   788
Total revenues   342 618   1,267
Expenses:          
Salaries, wages and benefits   139 250   703
General and administrative   136 228   710
Total expenses   275 478   1,413
Other income (expenses):          
Interest income   90 163   459
Interest expense   (122) (196)   (572)
Other income (expenses)   6 0   16
Total other income (expenses), net   (26) (33)   (97)
Income (loss) before income tax expense (benefit)   41 107   (243)
Less: Income tax expense (benefit)   (979) 24   (52)
Net income (loss)   1,020 83   (191)
Less: Net loss attributable to non-controlling interests   0 (1)   (2)
Net income (loss) attributable to Successor/Predecessor   1,020 84   (189)
Less: Undistributed earnings attributable to participating stockholders   9 1   0
Net income (loss) attributable to common stockholders   $ 1,011 $ 83   $ (189)
Net income (loss) per common share attributable to Successor/Predecessor:          
Basic (in dollars per share)   $ 11.13 $ 0.91   $ (2.08)
Diluted (in dollars per share)   $ 10.99 $ 0.90   $ (2.08)
Nationstar Mortgage Holdings Inc.          
Revenues:          
Service related, net $ 120     $ 901  
Net gain on mortgage loans held for sale 44     295  
Total revenues 164     1,196  
Expenses:          
Salaries, wages and benefits 69     426  
General and administrative 173     519  
Total expenses 242     945  
Other income (expenses):          
Interest income 48     333  
Interest expense (53)     (388)  
Other income (expenses) 0     6  
Total other income (expenses), net (5)     (49)  
Income (loss) before income tax expense (benefit) (83)     202  
Less: Income tax expense (benefit) (19)     48  
Net income (loss) (64)     154  
Less: Net loss attributable to non-controlling interests 0     0  
Net income (loss) attributable to Successor/Predecessor (64)     154  
Less: Undistributed earnings attributable to participating stockholders 0     0  
Net income (loss) attributable to common stockholders $ (64)     $ 154  
Net income (loss) per common share attributable to Successor/Predecessor:          
Basic (in dollars per share) $ (0.65)     $ 1.57  
Diluted (in dollars per share) $ (0.65)     $ 1.55