Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Changes in Members??? Equity

v3.22.2.2
Consolidated Statements of Changes in Members’ Equity - USD ($)
$ in Thousands
Total
FoA Equity Capital LLC Member's Equity
Accumulated Other Comprehensive Income (Loss)
Noncontrolling Interest
Common Stock
Class A Common Stock
Common Stock
Class B Common Stock
Additional Paid-in Capital
Accumulated Deficit
Beginning balance at Dec. 31, 2020 $ 628,040 $ 628,176 $ 9 $ (145)        
Net income 124,320              
Contributions from members 1,426 1,426            
Distributions to members (75,000) (75,000)            
Net income 120,060 119,859   201        
Accretion of CRNCI to redemption price (32,725) (32,725)            
Noncontrolling interest distributions (620)     (620)        
Foreign currency translation adjustment (11)   (11)          
Ending balance at Mar. 31, 2021 641,170 $ 641,736 (2) (564)        
Ending balance at Mar. 31, 2021 2,344,981   0 $ 1,658,545 $ 6 $ 0 $ 758,243 $ (71,813)
Ending balance (in shares) at Mar. 31, 2021       131,318,286 59,881,714 7    
Net income 35,286     $ 11,637       23,649
Noncontrolling interest contributions 24     24        
Noncontrolling interest distributions (555)     $ (555)        
Equity based compensation, net 61,314           61,314  
Settlement of LTIP RSUs, net (Note 25 - Earnings Per Share) (in shares)       (829,222) 829,222      
Settlement of LTIP RSUs, net (Note 25 - Earnings Per Share) (1,253)     $ (10,543)     9,290  
Cancellation of shares to fund employee tax withholdings (Note 26 - Equity) (in shares)         (1,774,192)      
Cancellation of shares to fund employee tax withholdings (Note 26 - Equity) $ (7,531)           (7,531)  
Ownership change reclassification (1)              
Foreign currency translation adjustment $ (92)   (92)          
Ending balance at Sep. 30, 2021 2,432,174   (92) $ 1,659,108 $ 6 $ 0 821,316 (48,164)
Ending balance (in shares) at Sep. 30, 2021       130,489,064 58,936,744 6    
Beginning balance at Dec. 31, 2021 1,083,010   (110) $ 695,107 $ 6 $ 0 831,620 (443,613)
Beginning balance (in shares) at Dec. 31, 2021       128,693,867 60,755,069 15    
Net income (533,518)     $ (399,859)       (133,659)
Noncontrolling interest contributions 42     42        
Noncontrolling interest distributions (248)     $ (248)        
Equity based compensation, net 36,618           36,618  
Conversion of LLC Units for Class A Common Stock (Note 26 - Equity) (in shares)       (111,209) 111,209      
Conversion of LLC Units for Class A Common Stock (Note 26 - Equity) (86)     $ (552)     466  
Settlement of LTIP RSUs, net (Note 25 - Earnings Per Share) (in shares)       (3,749,057) 3,749,057      
Settlement of LTIP RSUs, net (Note 25 - Earnings Per Share) (4,825)     $ (17,911)     13,086  
Settlement of other RSUs (Note 25 - Earnings Per Share)         346,133      
Cancellation of shares to fund employee tax withholdings (Note 26 - Equity) (in shares)         (2,002,192)      
Cancellation of shares to fund employee tax withholdings (Note 26 - Equity) (5,650)           (5,650)  
Foreign currency translation adjustment (257)   (257)          
Ending balance at Sep. 30, 2022 575,086   (367) $ 276,579 $ 6 $ 0 876,140 (577,272)
Ending balance (in shares) at Sep. 30, 2022       124,833,601 62,959,276 15    
Beginning balance at Jun. 30, 2022 863,200   (262) $ 496,010 $ 6 $ 0 860,232 (492,786)
Beginning balance (in shares) at Jun. 30, 2022       125,413,507 62,474,553 15    
Net income (301,700)     $ (217,214)       (84,486)
Noncontrolling interest distributions (56)     $ (56)        
Equity based compensation, net 15,735           15,735  
Conversion of LLC Units for Class A Common Stock (Note 26 - Equity) (in shares)       (3,096) 3,096      
Conversion of LLC Units for Class A Common Stock (Note 26 - Equity) 30     $ (12)     42  
Settlement of LTIP RSUs, net (Note 25 - Earnings Per Share) (in shares)       (576,810) 576,810      
Settlement of LTIP RSUs, net (Note 25 - Earnings Per Share) (74)     $ (2,149)     2,075  
Settlement of other RSUs (Note 25 - Earnings Per Share)         252,678      
Cancellation of shares to fund employee tax withholdings (Note 26 - Equity) (in shares)         (347,861)      
Cancellation of shares to fund employee tax withholdings (Note 26 - Equity) (1,944)           (1,944)  
Foreign currency translation adjustment (105)   (105)          
Ending balance at Sep. 30, 2022 $ 575,086   $ (367) $ 276,579 $ 6 $ 0 $ 876,140 $ (577,272)
Ending balance (in shares) at Sep. 30, 2022       124,833,601 62,959,276 15