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Unaudited Consolidated Statements of Operations - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenues:        
Service related, net $ 227 $ 258 $ 186 $ 479
Net gain on mortgage loans held for sale 645 360 1,594 788
Total revenues 872 618 1,780 1,267
Expenses:        
Salaries, wages and benefits 275 250 769 703
General and administrative 156 228 525 710
Total expenses 431 478 1,294 1,413
Interest income 56 163 250 459
Interest expense (165) (196) (534) (572)
Other income (expense), net (51) 0 (50) 16
Total other expenses, net (160) (33) (334) (97)
Income (loss) before income tax expense (benefit) 281 107 152 (243)
Less: Income tax expense (benefit) 67 24 36 (52)
Net income (loss) 214 83 116 (191)
Less: Net income (loss) attributable to non-controlling interests 5 (1) 2 (2)
Net income (loss) attributable to Mr. Cooper 209 84 114 (189)
Less: Undistributed earnings attributable to participating stockholders 2 1 1 0
Net income (loss) attributable to common stockholders $ 207 $ 83 $ 113 $ (189)
Net income (loss) per common share attributable to Mr. Cooper:        
Basic (in dollars per share) $ 2.26 $ 0.91 $ 1.23 $ (2.08)
Diluted (in dollars per share) $ 2.18 $ 0.90 $ 1.20 $ (2.08)