Current report filing

Consolidated Statements of Operations

v3.23.2
Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Mar. 31, 2021
Dec. 31, 2021
Dec. 31, 2022
Dec. 31, 2020
REVENUES        
Gain (loss) on sale and other income from loans held for sale, net $ 5,065 $ 35,800 $ (5,931) $ 10,192
Net fair value gains on loans and related obligations 71,198 291,021 89,489 296,127
Fee income 36,547 41,686 81,815 32,530
Net interest expense:        
Interest income 150 2,334 6,038 729
Interest expense (22,710) (73,232) (118,649) (82,955)
Net interest expense (22,560) (70,898) (112,611) (82,226)
TOTAL REVENUES 90,250 297,609 52,762 256,623
EXPENSES        
Salaries, benefits, and related expenses 30,274 166,805 206,943 115,029
Occupancy, equipment rentals, and other office related expenses 920 5,769 7,115 4,180
General and administrative expenses 36,038 131,957 204,168 116,135
TOTAL EXPENSES 67,232 304,531 418,226 235,344
IMPAIRMENT OF GOODWILL, INTANGIBLES, AND OTHER ASSETS 0 (425,777) (9,528) 0
OTHER, NET (9,043) 10,684 31,992 (6,131)
NET INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 13,975 (422,015) (343,000) 15,148
Provision (benefit) for income taxes from continuing operations 18 (7,182) (17,132) 150
NET INCOME (LOSS) FROM CONTINUING OPERATIONS 13,957 (414,833) (325,868) 14,998
NET INCOME (LOSS) FROM DISCONTINUED OPERATIONS 110,363 (886,169) (389,660) 482,915
NET INCOME (LOSS) [1] 124,320 (1,301,002) (715,528) 497,913
Contingently redeemable noncontrolling interest ("CRNCI") from continuing operations 3,141 0 0 (17,620)
Net loss attributable to noncontrolling interest from continuing operations 0 (307,212) (261,450) 0
CRNCI from discontinued operations 1,119 0 0 (4,129)
Net income (loss) attributable to noncontrolling interest from discontinued operations 201 (621,990) (263,396) 1,274
NET INCOME (LOSS) FROM CONTINUING OPERATIONS ATTRIBUTABLE TO CONTROLLING INTEREST 10,816 (107,621) (64,418) 32,618
NET INCOME (LOSS) FROM DISCONTINUED OPERATIONS ATTRIBUTABLE TO CONTROLLING INTEREST 109,043 (264,179) (126,264) 485,770
NET INCOME (LOSS) ATTRIBUTABLE TO CONTROLLING INTEREST $ 119,859 $ (371,800) $ (190,682) $ 518,388
EARNINGS PER SHARE (Note 35)        
Basic weighted average shares outstanding (in shares)   59,849,638 62,298,532  
Basic net loss per share from continuing operations (in USD per share)   $ (1.80) $ (1.03)  
Basic, net loss per share (in USD per share)   $ (6.21) $ (3.06)  
Diluted weighted average shares outstanding (in shares)   190,597,249 188,236,513  
Diluted net loss per share from continuing operations (in USD per share)   $ (2.08) $ (1.58)  
Diluted net loss per share (in USD per share)   $ (6.52) $ (3.12)  
[1] (1) Amounts presented contain results from both continuing and discontinued operations. Refer to Note 3 - Discontinued Operations for additional information regarding cash flow associated with the results of discontinued operations.