Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Equity

v3.21.2
Consolidated Statements of Equity - USD ($)
$ in Thousands
Total
Additional Paid-in Capital
Retained Earnings
FoA Equity Capital LLC Member's Equity
Accumulated Other Comprehensive (Loss) Income
Noncontrolling Interest
Class A Common Stock
Class B Common Stock
Balance at beginning of period at Dec. 31, 2019 $ 482,813     $ 482,719 $ (51) $ 145    
Contributions from members 1,042     1,042        
Net (loss) income (27,020)     (27,249)   229    
Foreign currency translation adjustment (8)       (8)      
Balance at end of period at Mar. 31, 2020 456,827     456,512 (59) 374    
Balance at beginning of period at Dec. 31, 2019 482,813     482,719 (51) 145    
Net income 345,490              
Balance at end of period at Sep. 30, 2020 848,987     848,776 (14) 225    
Balance at beginning of period at Mar. 31, 2020 456,827     456,512 (59) 374    
Distributions to members (578)     (578)        
Noncontrolling interest distributions (310)         (310)    
Net (loss) income 148,906     148,335   571    
Foreign currency translation adjustment 18       18      
Balance at end of period at Jun. 30, 2020 604,863     604,269 (41) 635    
Distributions to members (1,781)     (1,781)        
Noncontrolling interest contributions 16         16    
Noncontrolling interest distributions (702)         (702)    
Net (loss) income 246,564     246,288   276    
Net income 241,611              
Foreign currency translation adjustment 27       27      
Balance at end of period at Sep. 30, 2020 848,987     848,776 (14) 225    
Balance at beginning of period at Dec. 31, 2020 628,040     628,176 9 (145)    
Balance at beginning of period at Dec. 31, 2020 628,040              
Contributions from members 1,426     1,426        
Distributions to members (75,000)     (75,000)        
Noncontrolling interest distributions (620)         (620)    
Net (loss) income 120,060     119,859   201    
Net income 124,320              
Accretion of CRNCI to redemption price (32,725)     (32,725)        
Foreign currency translation adjustment (11)       (11)      
Balance at end of period at Mar. 31, 2021 641,170     641,736 (2) (564)    
Balance at end of period at Mar. 31, 2021 2,344,981 $ 758,243 $ (71,813)     $ 1,658,545 $ 6  
Balance at end of period (in shares) at Mar. 31, 2021           131,318,286 59,881,714 7
Noncontrolling interest contributions 24         $ 24    
Noncontrolling interest distributions (137)         (137)    
Net income (14,824)   2,265     (17,089)    
Foreign currency translation adjustment (27)       (27)      
Equity based compensation - Restricted Stock Units ("RSUs") 49,278 49,278            
Balance at end of period at Jun. 30, 2021 2,379,295 807,521 (69,548)   (27) $ 1,641,343 $ 6  
Balance at end of period (in shares) at Jun. 30, 2021           131,318,286 59,881,714 7
Balance at beginning of period at Mar. 31, 2021 641,170     $ 641,736 (2) $ (564)    
Balance at beginning of period at Mar. 31, 2021 2,344,981 758,243 (71,813)     $ 1,658,545 $ 6  
Balance at beginning of period (in shares) at Mar. 31, 2021           131,318,286 59,881,714 7
Net income 35,286              
Balance at end of period at Sep. 30, 2021 2,432,174 821,316 (48,164)   (92) $ 1,659,108 $ 6 $ 0
Balance at end of period (in shares) at Sep. 30, 2021           130,489,064 58,936,744 6
Balance at beginning of period at Jun. 30, 2021 2,379,295 807,521 (69,548)   (27) $ 1,641,343 $ 6  
Balance at beginning of period (in shares) at Jun. 30, 2021           131,318,286 59,881,714 7
Noncontrolling interest distributions (418)         $ (418)    
Net income 50,110   21,384     28,726    
Foreign currency translation adjustment (65)       (65) 0    
Equity based compensation - Restricted Stock Units ("RSUs") 12,036 12,036            
Net surrender to settle RSUs (8,784) 1,759       $ (10,543)    
Net surrender to settle RSUs (shares)           (829,222) (944,970) (1)
Balance at end of period at Sep. 30, 2021 $ 2,432,174 $ 821,316 $ (48,164)   $ (92) $ 1,659,108 $ 6 $ 0
Balance at end of period (in shares) at Sep. 30, 2021           130,489,064 58,936,744 6