XML 18 R4.htm IDEA: XBRL DOCUMENT v3.21.2
Unaudited Condensed Consolidated Statements of Operations - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Revenues:        
Service related, net $ 288 $ 218 $ 860 $ 151
Net gain on mortgage loans held for sale 572 645 1,833 1,594
Total revenues 860 863 2,693 1,745
Expenses:        
Salaries, wages and benefits 251 265 805 737
General and administrative 151 190 476 540
Total expenses 402 455 1,281 1,277
Interest income 66 17 163 114
Interest expense (118) (128) (363) (394)
Other income (expense), net 8 (51) 494 (50)
Total other (expense) income, net (44) (162) 294 (330)
Income (loss) from continuing operations before income tax expense (benefit) 414 246 1,706 138
Less: Income tax expense 104 59 410 33
Net income from continuing operations 310 187 1,296 105
Net (loss) income from discontinued operations (11) 27 3 11
Net income 299 214 1,299 116
Less: Net earnings attributable to non-controlling interests 0 5 0 2
Net income attributable to Mr. Cooper 299 209 1,299 114
Less: Undistributed earnings attributable to participating stockholders 1 2 9 1
Less: Premium on retirement of preferred stock 28 0 28 0
Net income attributable to common stockholders $ 270 $ 207 $ 1,262 $ 113
Earnings Per Share [Abstract]        
Income (Loss) from Continuing Operations, Per Basic Share $ 3.56 $ 1.98 $ 14.85 $ 1.12
Income (Loss) from Continuing Operations, Per Diluted Share 3.42 1.91 14.20 1.09
Discontinued Operation, Income (Loss) from Discontinued Operation, Net of Tax, Per Basic Share (0.14) 0.28 0.04 0.11
Discontinued Operation, Income (Loss) from Discontinued Operation, Net of Tax, Per Diluted Share (0.13) 0.27 0.03 0.11
Basic (in dollars per share) 3.42 2.26 14.89 1.23
Diluted (in dollars per share) $ 3.29 $ 2.18 $ 14.23 $ 1.20