Current report filing

Discontinued Operations - Summary Of Discontinued Operations (Details)

v3.23.2
Discontinued Operations - Summary Of Discontinued Operations (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Mar. 31, 2021
Dec. 31, 2021
Dec. 31, 2022
Dec. 31, 2020
Assets        
Assets of discontinued operations   $ 2,319,571 $ 313,360  
Liabilities        
Liabilities of discontinued operations   2,027,858 227,114  
Disposal Group, Including Discontinued Operation, Income Statement Disclosures [Abstract]        
NET INCOME (LOSS) FROM DISCONTINUED OPERATIONS $ 110,363 (886,169) (389,660) $ 482,915
Net income (loss) attributable to noncontrolling interest from discontinued operations 201 (621,990) (263,396) 1,274
CRNCI from discontinued operations 1,119 0 0 (4,129)
NET INCOME (LOSS) FROM DISCONTINUED OPERATIONS ATTRIBUTABLE TO CONTROLLING INTEREST 109,043 (264,179) (126,264) 485,770
Discontinued Operations, Disposed of by Sale        
Assets        
Cash and cash equivalents   37,460 36,212  
Restricted cash   312 311  
Loans held for sale, at fair value   1,894,222 141,994  
Derivative assets   24,417 676  
Fixed assets and leasehold improvements, net   16,471 9,884  
Intangible assets, net   260,727 77,436  
Other assets, net   85,962 46,847  
Assets of discontinued operations   2,319,571 313,360  
Liabilities        
Other financing lines of credit   1,816,805 127,735  
Payables and other liabilities   211,053 99,379  
Liabilities of discontinued operations   2,027,858 227,114  
Disposal Group, Including Discontinued Operation, Income Statement Disclosures [Abstract]        
Gain on sale and other income from loans held for sale, net 286,269 528,725 216,949 1,168,803
Net fair value gains on loans and related obligations 5,465 50,729 14,705 15,571
Fee income 124,824 344,379 280,315 357,339
Interest income 12,511 41,591 41,598 41,855
Interest expense (11,656) (34,462) (33,088) (40,046)
Net interest income 855 7,129 8,510 1,809
Total revenues 417,413 930,962 520,479 1,543,522
Salaries, benefits, and related expenses 208,256 601,300 456,382 753,236
Occupancy, equipment rentals, and other office related expenses 6,677 17,620 21,274 25,441
General and administrative expenses 91,149 260,305 252,733 279,736
Total expenses 306,082 879,225 730,389 1,058,413
Impairment of goodwill, intangibles, and other assets 0 (954,853) (182,981) 0
Other, net 151 3,458 3,839 0
Net income (loss) from discontinued operations before income taxes 111,482 (899,658) (389,052) 485,109
Provision (benefit) for income taxes from discontinued operations 1,119 (13,489) 608 2,194
NET INCOME (LOSS) FROM DISCONTINUED OPERATIONS 110,363 (886,169) (389,660) 482,915
Net income (loss) attributable to noncontrolling interest from discontinued operations 201 (621,990) (263,396) 1,274
CRNCI from discontinued operations 1,119 0 0 (4,129)
NET INCOME (LOSS) FROM DISCONTINUED OPERATIONS ATTRIBUTABLE TO CONTROLLING INTEREST 109,043 (264,179) (126,264) 485,770
Net Cash Provided by (Used in) Discontinued Operations [Abstract]        
Gain on sale and other income from loans held for sale, net 286,447 534,092 221,121 1,169,147
Unrealized fair value changes on loans, related obligations, and derivatives 5,465 50,729 14,705 15,571
Impairment of goodwill, intangibles, and other assets 0 954,853 182,981 0
Depreciation and amortization 2,713 19,429 22,963 10,859
Acquisition of fixed assets $ 2,622 $ 7,690 $ 5,787 $ 6,915