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Consolidated Statements of Operations - USD ($)
$ in Millions
5 Months Ended 7 Months Ended 12 Months Ended
Dec. 31, 2018
Jul. 31, 2018
Dec. 31, 2020
Dec. 31, 2019
Revenues:        
Service related, net $ 418 $ 901 $ 423 $ 909
Net gain on mortgage loans held for sale 176 295 2,310 1,098
Total revenues 594 1,196 2,733 2,007
Expenses:        
Salaries, wages and benefits 337 426 1,068 957
General and administrative 370 519 763 894
Total expenses 707 945 1,831 1,851
Other income (expenses), net:        
Interest income 256 333 334 605
Interest expense (293) (388) (702) (779)
Other (expense) income, net 13 6 (135) 15
Total other income (expenses), net (24) (49) (503) (159)
Income (loss) before income tax expense (benefit) (137) 202 399 (3)
Less: Income tax expense (benefit) (1,021) 48 92 (273)
Net income 884 154 307 270
Less: Net income (loss) attributable to non-controlling interests 0 0 2 (4)
Net income attributable to Successor/Predecessor 884 154 305 274
Less: Undistributed earnings attributable to participating stockholders 8 0 3 2
Net income attributable to Successor/Predecessor common stockholders $ 876 $ 154 $ 302 $ 272
Net income per common share attributable to Successor/Predecessor common stockholders:        
Basic (in dollars per share) $ 9.65 $ 1.57 $ 3.31 $ 2.99
Diluted (in dollars per share) $ 9.54 $ 1.55 $ 3.20 $ 2.95