Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2021

Earnings Per Share [Abstract]

Schedule of Earnings Per Share

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

	Year Ended December 31,
Computation of Earnings Per Share	2021		2020		2019
Net income from continuing operations	$	1,466	$	309	$	254
Less: Net income (loss) attributable to non-controlling interests	—		2		(4)
Less: Undistributed earnings from continuing operations attributable to participating stockholders	8		3		2
Less: Premium on retirement of preferred stock	28		—		—
Net income from continuing operations attributable to Mr. Cooper common stockholders	$	1,430	$	304	$	256
Net (loss) income from discontinued operations	$	(12)	$	(2)	$	16
Less: Undistributed earnings from discontinued operations attributable to participating stockholders	—		—		—
Net (loss) income from discontinued operations attributable to Mr. Cooper common stockholders	$	(12)	$	(2)	$	16
Net income	$	1,454	$	307	$	270
Less: Net income (loss) attributable to non-controlling interests	—		2		(4)
Net income attributable to Mr. Cooper	$	1,454	$	305	$	274
Less: Undistributed earnings attributable to participating stockholders	8		3		2
Less: Premium on retirement of preferred stock	28		—		—
Net income attributable to common stockholders	$	1,418	$	302	$	272
Earnings from continuing operations per common share attributable to Mr. Cooper:
Basic	$	17.39	$	3.33	$	2.81
Diluted	$	16.67	$	3.22	$	2.78
Earnings from discontinued operations per common share attributable to Mr. Cooper:
Basic	$	(0.15)	$	(0.02)	$	0.18
Diluted	$	(0.14)	$	(0.02)	$	0.17
Earnings per common share attributable to Mr. Cooper:
Basic	$	17.24	$	3.31	$	2.99
Diluted	$	16.53	$	3.20	$	2.95
Weighted average shares of common stock outstanding (in thousands):
Basic	82,247		91,312		91,035
Dilutive effect of stock awards	3,067		2,343		270
Dilutive effect of participating securities	492		839		839
Diluted	85,806		94,494		92,144