← loanDepot, Inc.
| Annual Trend | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|
| Depreciation and amortization expense | $37.4m | $35.7m | $35.5m | $42.2m | $41.3m | $36.1m | $26.2m | |
| Amortization of debt issuance costs | $5.6m | $7.1m | $12.6m | $15.2m | $7.4m | $17.8m | $25.6m | |
| Amortization of operating lease right-of-use asset | $23.9m | $25.0m | $22.6m | $20.8m | $14.2m | $11.0m | $10.4m | |
| Decrease in provision for deferred income taxes | $0 | $0 | $31.3m | ($80.3m) | ($43.2m) | ($48.1m) | ($6.9m) | |
| Loss (gain) on extinguishment of debt | — | $0 | $0 | ($10.5m) | ($1.7m) | $5.7m | $0 | |
| Operating lease right-of-use assets obtained in exchange for lease liabilities | — | — | — | $16.9m | $8.9m | $3.3m | $13.8m | |
| Other changes in operating assets and liabilities | $32.4m | $140.6m | ($73.8m) | ($161.5m) | ($16.7m) | $35.1m | ($38.2m) | |
| Net loss | $34.4m | $2.0b | $623.1m | ($610.4m) | ($235.5m) | ($202.2m) | ($107.5m) | |
| Gain on origination and sale of loans | ($1.0b) | ($3.6b) | ($3.6b) | ($1.2b) | ($503.2m) | ($600.8m) | ($741.4m) | |
| Fair value change in trading securities | ($426k) | $0 | $836k | $21.6m | ($4.2m) | ($654k) | ($4.1m) | |
| Provision for loss obligation on sold loans and servicing rights | $14.7m | $25.6m | $18.4m | $151.2m | $8.6m | $102k | $9.3m | |
| Fair value change in derivative assets | ($84.1m) | ($493.4m) | $460.3m | $333.8m | $33.8m | $78.3m | $28.0m | |
| Fair value change in derivative liabilities | ($22.6m) | $158.2m | ($130.4m) | $29.7m | $17.5m | ($59.9m) | ($14.3m) | |
| Fair value change in loans held for sale | ($14.0m) | ($185.9m) | $104.7m | $185.1m | ($64.9m) | $26.9m | ($30.4m) | |
| Fair value change in loans held for investment | — | — | — | $0 | $0 | ($1.2m) | ($4.4m) | |
| Fair value change in servicing rights | $136.5m | $296.3m | $353.2m | ($132.6m) | $136.1m | $107.5m | $213.0m | |
| Stock-based compensation expense | $191k | $8.5m | $67.1m | $20.6m | $22.0m | $24.9m | $12.2m | |
| Originations of loans | ($44.9b) | ($100.5b) | ($136.6b) | ($53.1b) | ($22.4b) | ($24.1b) | ($25.9b) | |
| Proceeds from sales of loans | $44.3b | $100.2b | $138.0b | $59.7b | $23.2b | $24.3b | $26.8b | |
| Proceeds from principal payments on loans held for sale | $109.7m | $57.1m | $182.9m | $132.3m | $129.8m | $218.7m | $64.0m | |
| Proceeds from principal payments on loans held for investment | — | — | — | $0 | $0 | $7.1m | $11.3m | |
| Payments to investors for loan repurchases | ($153.3m) | ($203.9m) | ($965.9m) | ($742.9m) | ($491.9m) | ($677.6m) | ($977.4m) | |
| Premiums paid on derivatives | $26.3m | ($23.3m) | $3.4m | ($178.5m) | ($87.9m) | ($29.1m) | ($26.0m) | |
| Disbursements from joint ventures | $12.7m | $10.4m | $11.7m | $12.1m | $19.0m | $15.9m | $5.1m | |
| Purchase of property and equipment | ($12.6m) | ($33.9m) | ($54.1m) | ($43.2m) | ($20.6m) | ($26.4m) | ($27.1m) | |
| Proceeds from sale of servicing rights | $153.5m | $6.8m | $349.5m | $703.8m | $180.7m | $508.2m | $35.8m | |
| Cash flows received on trading securities | $0 | $0 | $2.3m | $7.5m | $5.5m | $6.1m | $5.9m | |
| Investment in joint ventures | $0 | ($750k) | ($1.1m) | ($325k) | $0 | ($225k) | ($150k) | |
| Return of capital from joint ventures | $150k | $213k | $221k | $0 | $92k | $249k | $0 | |
| Proceeds from borrowings on warehouse and other lines of credit | $44.1b | $103.4b | $154.4b | $58.0b | $20.5b | $22.7b | $23.1b | |
| Repayment of borrowings on warehouse and other lines of credit | ($42.8b) | ($100.3b) | ($153.5b) | ($63.3b) | ($20.7b) | ($22.2b) | ($22.6b) | |
| Treasury stock purchased to net settle and withhold taxes on vested shares | $0 | $0 | ($12.9m) | ($430k) | ($3.2m) | ($3.8m) | ($9.3m) | |
| Exercise of stock options | — | — | — | — | $0 | $0 | $5.9m | |
| Interest | $159.7m | $160.0m | $270.5m | $253.7m | $321.6m | $305.5m | $301.5m | |
| Income taxes | $4.0m | $447k | $3.3m | $26.7m | ($8.9m) | $9.0m | ($2.9m) | |
| Net cash used in operating activities | ($1.5b) | ($2.0b) | ($1.5b) | $4.5b | ($174.2m) | ($865.4m) | ($707.5m) | |
| Loans transferred from held for sale to held for investment | — | — | — | $0 | $0 | $122.5m | $0 | |
| Net cash provided by investing activities | $141.1m | ($27.7m) | $296.8m | $667.8m | $165.7m | $495.0m | $14.5m | |
| Proceeds from debt obligations | $238.6m | $927.7m | $1.4b | $2.1b | $402.8m | $787.9m | $1.6b | |
| Payments of debt issuance costs | ($4.2m) | ($17.7m) | ($21.2m) | ($5.8m) | ($5.3m) | ($13.3m) | ($16.5m) | |
| Payments on debt obligations | ($195.7m) | ($800.0m) | ($479.8m) | ($1.5b) | ($417.9m) | ($1.0b) | ($1.5b) | |
| Dividends and shareholder distributions | ($7.6m) | ($643.1m) | ($463.3m) | ($119.3m) | ($3.0m) | ($3.3m) | ($2.5m) | |
| Net cash provided by (used in) financing activities | $1.4b | $2.4b | $1.3b | ($4.8b) | ($226.1m) | $151.7m | $566.8m | |
| Net change in cash and cash equivalents and restricted cash | $3.5m | $371.2m | $131.9m | $359.9m | ($234.6m) | ($218.6m) | ($126.2m) | |
| Cash and cash equivalents and restricted cash at beginning of the period | $117.5m | $488.7m | $620.6m | $980.5m | $745.9m | $527.2m | $401.0m | |
| Cash and cash equivalents | — | — | — | $864.0m | $660.7m | $421.6m | $337.2m | |
| Restricted cash | — | — | — | $116.5m | $85.1m | $105.6m | $63.8m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.