Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2021

The following table sets forth the computation of basic and diluted net income (loss) per common share (amounts in millions, except per share amounts):


	Three Months Ended June 30,				Six Months Ended June 30,
Computation of Earnings Per Share	2021		2020		2021		2020
Net income (loss) from continuing operations	$	427	$	77	$	986	$	(82)
Less: Net loss attributable to non-controlling interests	—		—		—		(3)
Less: Undistributed earnings from continuing operations attributable to participating stockholders	4		1		9		—
Net income (loss) from continuing operations attributable to Mr. Cooper common stockholders	$	423	$	76	$	977	$	(79)

Net income (loss) from discontinued operations	$	12	$	(4)	$	14	$	(16)
Less: Undistributed earnings from discontinued operations attributable to participating stockholders	—		—		—		—
Net income (loss) from discontinued operations attributable to Mr. Cooper common stockholders	$	12	$	(4)	$	14	$	(16)

Net income (loss)	$	439	$	73	$	1,000	$	(98)
Less: Net loss attributable to non-controlling interests	—		—		—		(3)
Net income (loss) attributable to Mr. Cooper	439		73		1,000		(95)
Less: Undistributed earnings attributable to participating stockholders	4		1		9		—
Net income (loss) attributable to common stockholders	$	435	$	72	$	991	$	(95)

Earnings from continuing operations per common share attributable to Mr. Cooper:
Basic	$	4.91	$	0.82	$	11.13	$	(0.86)
Diluted	$	4.72	$	0.81	$	10.65	$	(0.86)

Earnings from discontinued operations per common share attributable to Mr. Cooper:
Basic	$	0.14	$	(0.04)	$	0.16	$	(0.18)
Diluted	$	0.13	$	(0.04)	$	0.15	$	(0.18)

Earnings per common share attributable to Mr. Cooper:
Basic	$	5.05	$	0.78	$	11.29	$	(1.04)
Diluted	$	4.85	$	0.77	$	10.80	$	(1.04)

Weighted average shares of common stock outstanding (in thousands):
Basic	86,142		91,997		87,791		91,691
Dilutive effect of stock awards(1)	2,664		176		3,123		—
Dilutive effect of participating securities(1)	839		839		839		—
Diluted	89,645		93,012		91,753		91,691

(1)For periods with net loss, the Company excluded potential common shares from the computation of diluted EPS because inclusion would be antidilutive.