← Finance of America Companies Inc.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income | — | — | — | $76.6m |
$497.9m
+549.76%
|
— | ($715.5m) |
($218.2m)
+69.51%
|
$35.7m
+116.36%
|
$103.0m
+188.70%
|
($45.5m)
-144.13%
|
|
| Net loss | ($2.1m) | ($976k) | ($1.5m) | ($623k) | ($792k) | ($7.4m) | — | — | — | — | — | |
| Amortization and depreciation | $154k | $100k | $113k | $19.3m | $19.3m | $111k | $65.0m | $47.5m | $38.9m | $38.6m | — | |
| Amortization of debt discount and issuance costs on notes payable | — | — | — | — | — | — | — | — | $3.0m | $19.0m | — | |
| Depreciation Amortization Depletion | — | — | — | — | — | — | $65.0m | $47.5m | $38.9m | $38.6m | $38.6m | |
| Depreciation And Amortization | — | — | — | — | — | — | $65.0m | $47.5m | $38.9m | $38.6m | $38.6m | |
| Deferred income taxes | — | — | — | — | ($231k) | — | ($16.8m) | $678k | ($2.4m) | ($3.5m) | ($3.5m) | |
| Deferred Tax | — | — | — | — | — | — | — | $678k | ($2.4m) | ($3.5m) | ($3.5m) | |
| Stock-Based Compensation Expense | $23k | $51k | $206k | $365k | $80k | $128k | — | — | — | — | $10.2m | |
| Impairment of other assets | — | — | — | — | — | — | — | — | $891k | $0 | — | |
| Asset Impairment Charges | $663k | $0 | — | — | $0 | $7.4m | — | — | — | — | $0 | |
| Asset Impairment Charge | — | — | — | — | — | — | $192.5m | $13.8m | $891k | $0 | $0 | |
| Change In Working Capital | — | — | — | — | — | — | $242.1m | $1.9m | ($62.1m) | ($5.2m) | ($5.2m) | |
| Accounts receivable - related party | $30k | $0 | $3k | $2k | $0 | $0 | — | — | — | — | — | |
| Payables and accrued expenses | ($12k) | $19k | $10k | $38.0m | $4.3m | $16k | ($162.4m) | ($31.8m) | ($92.6m) | ($11.0m) | — | |
| Accounts payable – trade | ($55k) | $25k | $54k | $128k | ($85k) | ($75k) | — | — | — | — | — | |
| Related party payables | — | — | — | — | ($20k) | $80k | — | — | — | — | — | |
| Change in Accounts Payable | ($2k) | ($75k) | $0 | — | — | — | — | — | — | — | — | |
| Settlement of payables owed by legacy Pacific Oil Company Stockholders | $0 | $24k | — | — | — | — | — | — | — | — | — | |
| Payables owed by Pacific Oil Company | ($99k) | $0 | — | — | — | — | — | — | — | — | — | |
| Equity in escrow to offset payables owed by legacy Pacific Oil Company | $99k | $0 | — | — | — | — | — | — | — | — | — | |
| Accounts payable - related party | ($2k) | — | — | — | — | — | — | — | — | — | — | |
| Change In Payables And Accrued Expense | — | — | — | — | — | — | ($162.4m) | ($31.8m) | ($95.6m) | ($11.0m) | ($11.0m) | |
| Accrued revenue | ($22k) | ($31k) | $72k | ($131k) | $98k | ($111k) | — | — | — | — | — | |
| Change in Deferred Revenue | $33k | $63k | ($96k) | $33k | ($18k) | — | — | — | — | — | — | |
| Accrued interest converted to equity | — | — | $0 | $59k | $0 | — | — | — | — | — | — | |
| Other assets, net | — | — | — | ($72.2m) | $33.1m | — | $421.3m | $33.8m | $33.4m | $5.8m | — | |
| Other operating activities, net | — | — | — | — | — | — | — | ($1.6m) | $8.7m | $3.2m | — | |
| Change In Other Current Assets | — | — | — | — | — | — | $421.3m | $33.8m | $33.4m | $5.8m | $5.8m | |
| Net cash used in operating activities | ($1.3m) |
($745k)
+42.29%
|
($1.1m)
-47.19%
|
$101.1m
+9318.15%
|
($686.1m)
-778.46%
|
($487k)
+99.93%
|
$1.4b
+289137.74%
|
($71.6m)
-105.08%
|
($423.8m)
-492.19%
|
($429.7m)
-1.40%
|
($555.3m)
-29.22%
|
|
| Net Cash from Operating Activities | $0 | $112k |
$0
-100.00%
|
$39k |
$50k
+29.33%
|
$0
-100.00%
|
$1.4b |
($71.6m)
-105.08%
|
($423.8m)
-492.19%
|
($429.7m)
-1.40%
|
($555.3m)
-29.22%
|
|
| Loss on disposal of equipment | — | — | — | $0 | $20k | $0 | — | — | — | — | — | |
| Cash paid for purchase of property and equipment | ($65) | ($4k) | ($42k) | ($39k) | ($4k) | ($8k) | ($11.2m) | — | — | — | — | |
| Other investing activities, net | — | — | — | ($460k) | ($7.5m) | — | ($6.2m) | ($5.3m) | ($298k) | ($5.2m) | — | |
| Net Other Investing Changes | — | — | — | — | — | — | ($36.3m) | ($5.3m) | ($298k) | ($5.2m) | ($3.3m) | |
| Net cash provided by investing activities | $45k | ($2k) | ($61k) | ($2.0b) | ($875.1m) | ($92k) | ($1.8b) | $158.1m | $114.8m | $854.9m | $721.7m | |
| Net Cash from Investing Activities | $0 | $10k | $0 | — | $710k | $0 | — | — | — | — | — | |
| Purchases and originations of loans held for investment, subject to nonrecourse debt | — | — | — | ($45.8m) | ($44.7m) | — | ($117.0m) | ($76.0m) | ($41.1m) | ($24.7m) | — | |
| Proceeds/payments on loans held for investment, subject to nonrecourse debt | — | — | — | $760.0m | $913.8m | — | $1.8b | $1.3b | $922.4m | $1.1b | — | |
| Proceeds from issuance of nonrecourse debt | — | — | — | — | $3.1b | — | $3.4b | $1.7b | $1.5b | $5.0b | — | |
| Payments on nonrecourse debt | — | — | — | ($558.8m) | ($1.6b) | — | ($1.9b) | ($1.6b) | ($831.4m) | ($4.9b) | — | |
| Loans transferred to loans held for sale, at fair value, from loans held for investment, subject to nonrecourse debt, at fair value | — | — | — | — | — | — | — | — | $0 | $133.5m | — | |
| Debt forgiveness income | — | — | — | — | $0 | ($661k) | — | — | — | — | — | |
| Issuance Of Debt | — | — | — | — | — | — | $27.8b | $8.5b | $11.0b | $12.5b | $13.6b | |
| Long Term Debt Issuance | — | — | — | — | — | — | $27.8b | $8.5b | $11.0b | $12.5b | $13.6b | |
| Long Term Debt Payments | — | — | — | — | — | — | ($27.6b) | ($8.6b) | ($10.9b) | ($12.9b) | ($13.7b) | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | $232.4m | ($166.5m) | $170.4m | ($407.4m) | ($23.9m) | |
| Net Long Term Debt Issuance | — | — | — | — | — | — | $232.4m | ($166.5m) | $170.4m | ($407.4m) | ($23.9m) | |
| Net Short Term Debt Issuance | — | — | — | — | — | — | ($1.9b) | ($526.9m) | — | — | $8.7m | |
| Repayment Of Debt | — | — | — | — | — | — | ($27.6b) | ($8.6b) | ($10.9b) | ($12.9b) | ($13.7b) | |
| Short Term Debt Issuance | — | — | — | — | — | — | $21.5b | $4.6b | — | — | $4.8b | |
| Short Term Debt Payments | — | — | — | — | — | — | ($23.4b) | ($5.1b) | — | — | ($4.8b) | |
| Repurchase of Class A Common Stock and Class A LLC Units | — | — | — | — | — | — | — | — | $0 | ($40.1m) | — | |
| Common stock issued for acquisition | — | — | — | $0 | $6.9m | $2.0m | — | — | — | — | — | |
| Common stock to be issued for acquisition | — | — | — | $0 | $699k | $0 | — | — | — | — | — | |
| Common Stock Issuance | — | — | — | — | — | — | $0 | $30.0m | $0 | ($40.1m) | $0 | |
| Common Stock Payments | — | — | — | — | — | — | — | — | $0 | ($40.1m) | ($81.7m) | |
| Issuance Of Capital Stock | — | — | — | — | — | — | $0 | $30.0m | $0 | $49.3m | $49.3m | |
| Repurchase Of Capital Stock | — | — | — | — | — | — | — | — | $0 | ($40.1m) | ($81.7m) | |
| Dividends paid on Preferred Stock | — | — | — | — | — | — | — | — | $0 | ($196k) | ($2.4m) | |
| Cash Dividends Paid | — | — | — | — | — | — | $0 | — | $0 | ($196k) | ($2.4m) | |
| Preferred Stock Dividend Paid | — | — | — | — | — | — | — | — | $0 | ($196k) | ($2.4m) | |
| Proceeds from other financing lines of credit | — | — | — | $23.8b | $35.2b | — | $21.5b | $4.6b | $5.8b | $5.4b | — | |
| Payments on other financing lines of credit | — | — | — | ($22.8b) | ($35.0b) | — | ($23.4b) | ($5.1b) | ($5.8b) | ($5.2b) | — | |
| Other financing activities, net | — | — | — | ($187k) | $5.9m | — | ($7.1m) | ($2.7m) | ($10.4m) | ($4.0m) | — | |
| Net Other Financing Charges | — | — | — | — | — | — | ($7.1m) | ($2.7m) | ($10.4m) | ($4.0m) | ($3.8m) | |
| Net cash provided by (used in) financing activities | $578k |
$1.1m
+83.05%
|
$745k
-29.57%
|
$2.1b
+277303.32%
|
$1.7b
-16.93%
|
$402k
-99.98%
|
$225.2m
+55917.81%
|
($139.2m)
-161.82%
|
$386.2m
+377.39%
|
($402.5m)
-204.21%
|
($62.6m)
+84.45%
|
|
| Net Cash from Financing Activities | $24k |
$42k
+73.74%
|
$78k
+83.03%
|
$15k
-81.28%
|
$0
-100.00%
|
— | — | — | — | — | — | |
| Cash and cash equivalents and restricted cash, beginning of period | — | — | — | $382.7m | $539.4m | — | $277.4m | $224.8m | $302.0m | $324.6m | — | |
| Beginning Cash Position | — | — | — | — | — | — | $463.6m | $277.4m | $224.8m | $302.0m | $236.7m | |
| Net increase in cash and cash equivalents and restricted cash | — | — | — | $143.4m | $156.7m | — | ($186.2m) | ($52.6m) | $77.2m | $22.7m | — | |
| Restricted cash | — | — | — | — | — | — | — | $178.3m | $254.6m | $235.1m | — | |
| Effect of exchange rate changes on cash and cash equivalents | — | — | — | — | $34k | — | ($163k) | $24k | ($27k) | ($9k) | ($2k) | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Change in fair value of loans and related obligations | — | — | — | — | — | — | — | — | ($408.8m) | ($584.2m) | — | |
| Change in fair value of deferred purchase price liabilities | — | — | — | ($1.8m) | $3.0m | — | ($11.2m) | $552k | $8.0m | ($2.9m) | — | |
| Change in fair value of convertible notes | — | — | — | — | — | — | — | — | $0 | $13.8m | — | |
| Equity-based compensation | — | — | — | $2.9m | $0 | — | $47.9m | $24.7m | $8.8m | $10.2m | — | |
| Originations/purchases of loans held for sale | — | — | — | ($15.7b) | ($29.4b) | — | ($14.3b) | ($211.5m) | ($9.9m) | ($75.4m) | — | |
| Proceeds from sale of loans held for sale | — | — | — | $16.5b | $29.6b | — | $16.2b | $530.5m | $11.0m | $53.7m | — | |
| Gain on the exchange of senior notes | — | — | — | — | — | — | — | $0 | ($56.2m) | $0 | — | |
| Purchases and originations of loans held for investment | — | — | — | ($3.5b) | ($3.6b) | — | ($6.2b) | ($3.1b) | ($2.9b) | ($3.3b) | — | |
| Proceeds/payments received on loans held for investment | — | — | — | $920.8m | $1.8b | — | $2.2b | $1.9b | $2.1b | $3.1b | — | |
| Proceeds on sale of mortgage servicing rights (“MSR”) | — | — | — | — | $0 | — | $473.8m | $85.6m | $5.5m | $0 | — | |
| Proceeds from sale of businesses | — | — | — | — | — | — | $0 | $71.2m | $3.0m | $0 | — | |
| Proceeds from issuance of HMBS related obligations | — | — | — | — | $2.1b | — | $2.9b | $2.1b | $2.0b | $2.0b | — | |
| Payments on HMBS related obligations | — | — | — | — | — | — | ($2.3b) | ($1.9b) | ($2.3b) | ($2.7b) | — | |
| Proceeds from notes payable | $26k | $450k | $740k | $202k | $350.0m | $423k | $87.5m | $12.3m | $25.8m | $40.0m | — | |
| Payments on notes payable | ($6k) | ($97k) | ($62k) | ($505k) | ($46.8m) | ($20k) | ($40.7m) | — | $0 | ($117.4m) | — | |
| Proceeds from issuance of Preferred Stock, net of issuance costs | — | — | — | — | — | — | — | — | $0 | $49.3m | — | |
| Cash and cash equivalents | $802k | $133k | $444k | $32k | $36k | $483k | — | $46.5m | $47.4m | $89.5m | $236.7m | |
| Cash paid for interest | $6k | $49k | $96k | $159.2m | $169.4m | $9k | $269.3m | $308.4m | $432.9m | $625.1m | — | |
| Loans transferred to loans held for sale, at fair value, from loans held for investment, at fair value | — | — | — | — | $11.6m | — | $183.6m | $4.7m | $5.4m | $52.4m | — | |
| Prepaid expenses | ($16k) | ($32k) | $39k | $14k | ($2k) | $41k | — | — | — | — | — | |
| Contract Liabilities | — | — | — | — | $0 | ($10k) | — | — | — | — | — | |
| Rent Payable | — | — | — | — | $0 | $91k | — | — | — | — | — | |
| Cash paid for NCW | — | — | — | — | $0 | ($84k) | — | — | — | — | — | |
| Change in line of credit | ($900) | ($62k) | ($110k) | ($10k) | ($10k) | ($1k) | — | — | — | — | — | |
| Stock Repurchases (Issuances) | $535k | $725k | $100k | $0 | $25k | — | — | — | — | — | — | |
| TOTAL CHANGE IN CASH AND CASH EQUIVALENTS | ($412k) | $4k | $447k | ($177k) | ||||||||
| PPP Loan Forgiveness | — | — | — | — | $0 | $661k | — | — | — | — | — | |
| Note payable issued related to acquisition | — | — | — | $0 | $52k | $0 | — | — | — | — | — | |
| Note payable assumed in acquisition | — | — | — | $0 | $378k | $0 | — | — | — | — | — | |
| Net cash Forta | — | — | — | ($4k) | $710k | — | — | — | — | — | — | |
| Income Tax Expense | $0 | $0 | $0 | — | — | — | — | — | — | — | — | |
| Notes payable converted to equity | — | — | $0 | $949k | $0 | — | — | — | — | — | — | |
| Provision for Doubtful Accounts (CF) | — | $0 | $22k | $0 | — | — | — | — | — | — | — | |
| Purchases of trademarks | ($2k) | ($7k) | ($19k) | ($4k) | — | — | — | — | — | — | — | |
| TOTAL INCREASE IN CASH AND CASH EQUIVALENTS | ($669k) | $312k | ($412k) | |||||||||
| Forfeiture of deposit for failed acquisition | $50k | $0 | — | — | — | — | — | — | — | — | — | |
| Payments for purchase of investment | ($10k) | $0 | — | — | — | — | — | — | — | — | — | |
| Tax Coach Software, LLC (Note 9) | $1.9m | $0 | — | — | — | — | — | — | — | — | — | |
| Write off of fixed assets | $0 | — | — | — | — | — | — | — | — | — | — | |
| Cash paid for purchase of MDP | $0 | — | — | — | — | — | — | — | — | — | — | |
| Deposit for future acquisition | $0 | — | — | — | — | — | — | — | — | — | — | |
| Payments on capital lease obligations | $0 | — | — | — | — | — | — | — | — | — | — | |
| Cloud9 Holdings Company (Note 9) | $0 | — | — | — | — | — | — | — | — | — | — | |
| Business Legacy, Inc. and Pollock Advisory Group, Inc. (Note 9) | $0 | — | — | — | — | — | — | — | — | — | — | |
| Transfer of capital lease obligation to the majority member | $0 | — | — | — | — | — | — | — | — | — | — | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | $225.2m | ($139.2m) | $160.1m | ($402.5m) | ($62.6m) | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | ($1.8b) | $158.1m | $340.9m | $854.9m | $721.7m | |
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | ($186.2m) | ($52.6m) | $77.2m | $22.7m | — | |
| Changes In Cash | — | — | — | — | — | — | ($186.0m) | ($52.7m) | $77.2m | $22.7m | $103.8m | |
| End Cash Position | — | — | — | — | — | — | $277.4m | $224.8m | $302.0m | $324.6m | $340.5m | |
| Financing Cash Flow | — | — | — | — | — | — | $225.2m |
($139.2m)
-161.82%
|
$160.1m
+214.99%
|
($402.5m)
-351.38%
|
($62.6m)
+84.45%
|
|
| Free Cash Flow | — | — | — | — | — | — | $1.4b | ($71.6m) | ($423.8m) | ($429.7m) | ($555.3m) | |
| Income Tax Paid Supplemental Data | — | — | — | — | — | — | $46k | $0 | — | — | — | |
| Investing Cash Flow | — | — | — | — | — | — | ($1.8b) | $158.1m | $340.9m | $854.9m | $721.7m | |
| Net Business Purchase And Sale | — | — | — | — | — | — | $0 | ($69.7m) | $3.0m | $0 | ($91.8m) | |
| Net Intangibles Purchase And Sale | — | — | — | — | — | — | $473.8m | $85.6m | $5.5m | $0 | $0 | |
| Net Preferred Stock Issuance | — | — | — | — | — | — | — | — | $0 | $49.3m | $49.3m | |
| Operating Gains Losses | — | — | — | — | — | — | ($208.5m) | $44.1m | ($56.2m) | — | ($56.5m) | |
| Other Non Cash Items | — | — | — | — | — | — | $1.8b | $14.0m | ($387.4m) | ($572.8m) | — | |
| Purchase Of Business | — | — | — | — | — | — | $0 | ($140.9m) | $0 | — | $0 | |
| Sale Of Intangibles | — | — | — | — | — | — | $473.8m | $85.6m | $5.5m | $0 | $0 | |
| Stock Based Compensation | — | — | — | — | — | — | $47.9m | $24.7m | $8.8m | $10.2m | $10.2m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.