← ONITY GROUP INC.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Net Income (Loss) Attributable to Parent | ($199.8m) | ($128.0m) | ($70.8m) | ($142.1m) | ($40.2m) | $18.1m | $25.7m | ($63.7m) | $33.9m | $189.5m | |
| Net Income (Loss) Available to Common Stockholders, Basic | ($199.8m) | ($128.0m) | ($70.6m) | ($142.1m) | ($40.2m) | $18.1m | $25.7m | ($63.7m) | $33.4m | $185.4m | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | ($199.4m) | ($128.5m) | ($70.6m) | ($142.1m) | ($40.2m) | $18.1m | $25.7m | ($63.7m) | $33.9m | $189.5m | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | — | — | ($72.2m) | ($142.1m) | ($40.2m) | $18.1m | $25.7m | ($63.7m) | — | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | — | — | ($72.0m) | ($142.1m) | ($40.2m) | — | — | — | — | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | — | — | $1.4m | $0 | $0 | — | — | — | — | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | $387k | ($491k) | $176k | $0 | $0 | — | — | — | — | — | |
| Depreciation, Depletion and Amortization | $25.3m | $26.9m | $27.2m | $31.9m | $19.1m | $10.3m | $10.5m | $7.0m | $5.4m | $4.4m | |
| Amortization of Debt Issuance Costs | $25.7m | $2.7m | $2.9m | $3.2m | $7.0m | $7.8m | $10.1m | $18.0m | $34.9m | $27.6m | |
| Amortization of Debt Issuance Costs and Discounts | — | — | — | $4.5m | $7.0m | $7.8m | $10.1m | $18.0m | $34.9m | $27.6m | |
| Amortization of Intangible Assets | — | — | — | — | $0 | $700k | $4.3m | $5.1m | $2.9m | $1.0m | |
| Deferred Income Tax Expense (Benefit) | ($4.5m) | $731k | ($3.3m) | $3.1m | ($1.4m) | $215k | $700k | ($400k) | ($200k) | ($120.6m) | |
| Share-based Payment Arrangement, Noncash Expense | $5.2m | $5.6m | $2.4m | $2.7m | $2.4m | $4.7m | $4.6m | $9.7m | $7.8m | $7.6m | |
| Goodwill, Impairment Loss | $0 | — | — | — | — | — | — | — | — | — | |
| Financing Interest Expense | — | — | — | $372.1m | $152.3m | $209.9m | $255.0m | $296.3m | $175.4m | $169.5m | |
| Gain (Loss) on Extinguishment of Debt | $0 | $0 | $0 | ($5.1m) | $0 | $15.5m | ($900k) | ($1.3m) | $49.4m | $0 | |
| Gain (Loss) on Disposition of Assets for Financial Service Operations | $8.5m | $10.5m | $1.3m | $453k | $184k | ($121k) | — | — | — | — | |
| Income (Loss) from Equity Method Investments | — | — | — | — | — | $3.6m | $18.5m | $7.3m | $22.9m | $0 | |
| Income Tax Expense (Benefit) | ($7.0m) | ($15.5m) | $529k | $15.6m | ($65.5m) | ($22.4m) | ($800k) | $5.6m | $5.3m | ($126.8m) | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | $288.9m | $308.6m | |
| Other Nonoperating Income (Expense) | $14.7m | ($3.2m) | ($6.4m) | $8.9m | $6.7m | $4.1m | ($10.2m) | $2.8m | ($6.6m) | $300k | |
| Additional Financial Items | |||||||||||
| Fair Value, Option, Changes in Fair Value, Gain (Loss) | $0 | $0 | $82.0m | $0 | $0 | — | — | — | — | — | |
| Foreign Currency Transaction Gain (Loss), Realized | — | — | ($3.2m) | ($200k) | ($1.0m) | $300k | ($100k) | — | — | — | |
| Gain (Loss) on Sale of Derivatives | $300k | $100k | ($1.1m) | ($700k) | — | — | — | — | — | — | |
| Gain (Loss) on Sale of Mortgage Loans | $13.4m | $35.4m | $34.7m | $25.3m | $50.2m | ($69.9m) | ($290.0m) | ($40.6m) | ($59.0m) | ($93.0m) | |
| Nonoperating Income (Expense) | ($370.3m) | ($339.9m) | ($202.0m) | ($455.1m) | ($239.0m) | ($335.2m) | ($386.2m) | ($480.5m) | ($404.1m) | ($342.4m) | |
| Proceeds from Contributions from Affiliates | $0 | — | — | — | — | — | — | — | — | — | |
| Provision for Loan, Lease, and Other Losses | ($353k) | $314k | $21k | $0 | $0 | — | — | — | — | — | |
| Financing Receivable, Credit Loss, Expense (Reversal) | $4.3m | — | — | — | — | — | — | — | — | — | |
| Revenue from Contract with Customer, Including Assessed Tax | — | — | $51.0m | $23.3m | $25.6m | $42.7m | $33.2m | $32.0m | $42.0m | $57.8m | |
| Unrealized Gain (Loss) on Derivatives | ($6.6m) | ($8.5m) | $136k | ($2.7m) | ($10.1m) | $1.5m | $101.7m | $18.6m | $36.0m | ($71.9m) | |
| Derivative, Gain (Loss) on Derivative, Net | ($1.7m) | ($191k) | — | — | $35.3m | ($13.3m) | ($23.5m) | ($8.2m) | ($82.5m) | ($40.9m) | |
| Gain (Loss) on Derivative Instruments, Net, Pretax | ($1.7m) | ($191k) | — | — | — | — | — | — | — | — | |
| Gain (Loss) on Sales of Loans, Net | $90.4m | $103.4m | $77.7m | $38.3m | $137.2m | $145.8m | $22.0m | $40.6m | $59.0m | $93.0m | |
| Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax | ($313k) | ($201k) | ($149k) | ($147k) | — | — | — | — | — | — | |
| Net Cash Provided by (Used in) Operating Activities | $474.7m | $412.0m | $272.6m | $151.9m | $261.0m | ($472.2m) | $173.2m | $10.4m | ($573.8m) | ($748.0m) | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $33.5m | $9.1m | $9.0m | $2.0m | $4.1m | $3.3m | $5.5m | $2.2m | $800k | $2.9m | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | — | — | — | — | $5.2m | — | — | — | — | |
| Payments for (Proceeds from) Other Investing Activities | $610k | ($2.4m) | ($2.5m) | ($2.4m) | $190k | ($166k) | ($200k) | ($100k) | ($400k) | $0 | |
| Net Cash Provided by (Used in) Investing Activities | ($791.6m) | ($839.2m) | ($344.9m) | ($587.4m) | ($527.9m) | ($1.0b) | ($149.1m) | ($100.3m) | $401.3m | $1.8b | |
| Cash flows from financing activities: | |||||||||||
| Proceeds from Issuance of Common Stock | — | $13.9m | $0 | $0 | — | $9.9m | $0 | $0 | $20.0m | $0 | |
| Payments for Repurchase of Common Stock | $5.9m | $0 | $0 | — | $4.6m | $0 | $50.0m | $0 | — | — | |
| Proceeds from (Payments for) Other Financing Activities | ($45k) | ($1.5m) | ($2.8m) | ($3.5m) | ($32k) | ($525k) | — | $0 | — | — | |
| Net Cash Provided by (Used in) Financing Activities | $316.2m | $430.4m | $166.7m | $530.8m | $131.8m | $1.4b | ($13.4m) | $70.8m | $182.9m | ($1.1b) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | $162k | $94.5m | $95.3m | ($135.1m) | ($93.8m) | $10.7m | ($19.1m) | $10.4m | ($1.0m) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | $162k | $397.0m | $492.3m | $357.3m | $263.4m | $274.2m | $255.1m | $265.6m | $264.6m | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $389.6m | $364.7m | $271.8m | $111.1m | $97.0m | $125.1m | $168.5m | $253.8m | $251.2m | $280.2m | |
| Income Taxes Paid, Net | $19.7m | ($23.5m) | $11.0m | $4.1m | ($43.5m) | ($22.3m) | ($26.9m) | ($4.6m) | $12.8m | $7.6m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.