← UWM Holdings Corp
| Annual Trend | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||
| Net Income From Continuing Operations | — | ($5.8m) | $1.4b | $931.9m | ($69.8m) | $329.4m | $244.0m | ($105.0m) | |
| Net Income (Loss) Attributable to Parent | — | ($5.8m) |
$98.4m
+1795.19%
|
$41.7m
-57.63%
|
($13.2m)
-131.72%
|
$14.4m
+208.87%
|
$27.4m
+90.09%
|
— | |
| Net Income (Loss) Attributable to Noncontrolling Interest | — | — | $1.5b | $890.1m | ($56.6m) | $315.0m | $216.6m | — | |
| Depreciation, Depletion and Amortization | — | $17.2m | $35.1m | $49.4m | $50.1m | $48.8m | $55.5m | $59.2m | |
| Amortization of Debt Issuance Costs | — | — | $2.9m | — | — | — | — | — | |
| Amortization Cash Flow | — | — | $0 | $0 | — | — | — | — | |
| Amortization Of Intangibles | — | — | $0 | $0 | — | — | — | — | |
| Depreciation Amortization Depletion | — | — | — | $49.4m | $50.1m | $48.8m | $55.5m | $59.2m | |
| Deferred Income Tax Expense (Benefit) | — | $0 | $8.3m | $3.5m | ($6.6m) | $5.3m | $6.8m | — | |
| Share-based Payment Arrangement, Noncash Expense | — | — | $6.5m | $7.5m | $13.8m | $24.6m | $50.4m | $56.0m | |
| Share-based Payment Arrangement, Expense | — | — | $6.5m | $7.5m | $13.8m | $24.6m | $50.3m | $56.0m | |
| Stock-based compensation expense | — | $0 | $6.5m | $7.5m | $13.8m | $24.6m | $50.4m | $56.0m | |
| Asset Impairment Charge | — | — | $0 | $0 | — | — | — | — | |
| Other Nonoperating Income (Expense) | — | — | $23.1m | ($23.7m) | $5k | $5.5m | $4.4m | — | |
| Change In Working Capital | — | — | — | $9.7b | $1.5b | ($4.0b) | ($433.2m) | ($1.4b) | |
| Other assets | — | ($181.9m) | ($164.5m) | $56.6m | ($169.3m) | $57.1m | ($9.6m) | — | |
| Other liabilities | — | $526.1m | $143.2m | ($130.0m) | ($21.5m) | $35.9m | ($60.5m) | — | |
| Change In Other Current Assets | — | — | — | $56.6m | ($169.3m) | $57.1m | ($9.6m) | $191.6m | |
| Change In Other Current Liabilities | — | — | — | ($130.0m) | ($21.5m) | $35.9m | ($60.5m) | $22.3m | |
| Net Cash Provided by (Used in) Operating Activities | ($174k) |
($1.8m)
-934.74%
|
($10.0b)
-553308.73%
|
$8.3b
+183.04%
|
$165.2m
-98.00%
|
($6.2b)
-3877.14%
|
($2.6b)
+57.58%
|
($4.9b)
-83.62%
|
|
| Cash flows from investing activities: | |||||||||
| Repayments under equipment notes payable | — | ($5.6m) | ($25.6m) | ($1.0m) | ($991k) | $0 | $0 | — | |
| Payments to Acquire Property, Plant, and Equipment | — | ($57.3m) | $65.4m | $26.6m | $26.4m | $39.5m | $74.0m | ($60.6m) | |
| Payments to Acquire Investments | — | — | — | — | — | — | $100.0m | — | |
| Net Other Investing Changes | — | — | — | ($5.3m) | $5.3m | ($4.3m) | — | $4.0m | |
| Net Cash Provided by (Used in) Investing Activities | — | ($425.3m) | $199.8m | $1.3b | $1.8b | $2.7b | $2.3b | $1.5b | |
| Cash flows from financing activities: | |||||||||
| Margin calls on borrowings against investment securities | — | $0 | $0 | ($5.3m) | $5.3m | ($4.3m) | $2.6m | — | |
| Net borrowings (repayments) under warehouse lines of credit | — | $1.8b | $9.0b | ($9.5b) | ($1.5b) | $3.8b | $214.8m | — | |
| Borrowings under secured lines of credit | — | $412.3m | $79.7m | $1.2b | $1.0b | $1.7b | $3.0b | — | |
| Borrowings against investment securities | — | $0 | $118.8m | $101.3m | $166.1m | $369.8m | $350.3m | — | |
| Repayments of borrowings against investment securities | — | $0 | $0 | ($118.8m) | ($173.6m) | ($372.9m) | ($353.5m) | — | |
| Issuance Of Debt | — | — | — | $1.4b | $1.2b | $6.6b | $4.6b | $7.3b | |
| Long Term Debt Issuance | — | — | — | $1.4b | $1.2b | $6.6b | $4.6b | $7.3b | |
| Net Issuance Payments Of Debt | — | — | — | ($8.8b) | ($1.6b) | $4.3b | $1.1b | $4.1b | |
| Net Long Term Debt Issuance | — | — | — | ($8.8b) | ($1.6b) | $4.3b | $1.1b | $4.1b | |
| Net Short Term Debt Issuance | — | — | $9.0b | ($9.5b) | ($1.5b) | — | — | $4.1b | |
| Short Term Debt Issuance | — | — | $9.0b | $1.2b | $1.0b | — | — | $3.0b | |
| Long Term Debt Payments | — | — | — | ($10.1b) | ($2.7b) | ($2.3b) | ($3.5b) | ($3.3b) | |
| Repayment Of Debt | — | — | — | ($10.1b) | ($2.7b) | ($2.3b) | ($3.5b) | ($3.3b) | |
| Short Term Debt Payments | — | — | ($400.0m) | ($9.5b) | ($1.5b) | — | — | ($1.8b) | |
| Repurchase Of Capital Stock | — | — | ($81.6m) | $0 | $0 | — | — | — | |
| Net Common Stock Issuance | — | — | ($81.6m) | $0 | $0 | — | — | — | |
| Payments for Repurchase of Common Stock | — | — | $81.6m | $0 | $0 | — | — | — | |
| Common Stock Payments | — | — | ($81.6m) | $0 | $0 | — | — | — | |
| Dividends paid to Class A common stockholders | — | $0 | ($30.6m) | ($36.9m) | ($37.2m) | ($39.7m) | ($78.6m) | ($103.9m) | |
| Common Stock Dividend Paid | — | — | — | ($36.9m) | ($37.2m) | ($39.7m) | ($78.6m) | ($103.9m) | |
| Dividends paid | — | — | $31 | $37 | $37 | $40 | $79 | ($103.9m) | |
| Dividends Payable | — | — | $9 | $159 | $160 | $160 | $161 | — | |
| Cash Dividends Paid | — | — | — | ($36.9m) | ($37.2m) | ($39.7m) | ($78.6m) | ($103.9m) | |
| Proceeds from (Payments for) Other Financing Activities | — | — | $0 | $0 | ($1.3m) | ($909k) | ($365k) | — | |
| Net Other Financing Charges | — | — | — | ($751.0m) | ($602.1m) | ($721.9m) | ($646.8m) | ($568.9m) | |
| Net Cash Provided by (Used in) Financing Activities | — | $427.2m |
$9.3b
+2068.75%
|
($9.6b)
-203.46%
|
($2.2b)
+77.02%
|
$3.6b
+262.32%
|
$384.0m
-89.26%
|
$3.4b
+783.41%
|
|
| INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | $49k | ($492.7m) | ($26.2m) | ($207.4m) | $9.9m | ($4.0m) | |||
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | $49k | ($492.7m) | ($26.2m) | ($207.4m) | $9.9m | ($4.0m) | $498.4m | |
| Beginning Cash Position | — | — | — | $731.1m | $704.9m | $497.5m | $507.3m | $490.0m | |
| CASH AND CASH EQUIVALENTS, BEGINNING OF THE PERIOD | $133.3m | $1.2b | $731.1m | $497.5m | $507.3m | $503.4m | |||
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | — | $497.5m | $507.3m | $503.4m | $498.4m | |
| Additional Supplementary Disclosures | |||||||||
| Additional Supplementary Disclosures | |||||||||
| Income Tax Expense (Benefit) | — | $81k | $9.8m | $2.8m | ($6.5m) | $6.6m | $6.9m | — | |
| Operating Lease, Expense | — | — | $11.9m | $12.3m | — | — | — | — | |
| Additional Financial Items | |||||||||
| Investment Income, Interest | — | $1.1m | — | — | — | — | — | — | |
| Operating Expenses | — | — | $1.4b | $1.4b | $1.4b | $1.8b | $2.2b | — | |
| Payments of Financing Costs | — | — | — | — | — | $7.0m | $8.4m | — | |
| Reserve for representations and warranties | — | $36.5m | $45.3m | $57.4m | $49.7m | $43.4m | $35.3m | — | |
| Capitalization of mortgage servicing rights | — | ($1.9b) | ($2.4b) | ($2.2b) | ($2.3b) | ($2.9b) | ($3.6b) | — | |
| Change in fair value of mortgage servicing rights | — | $0 | $587.8m | ($284.1m) | $854.1m | $295.0m | $1.1b | — | |
| Increase in fair value of investment securities | — | $0 | $1.1m | $28.2m | ($4.5m) | ($550k) | ($4.8m) | — | |
| (Decrease) increase in fair value of warrants liability | — | $0 | ($36.1m) | ($7.7m) | $6.1m | ($5.1m) | ($2.7m) | — | |
| Mortgage loans at fair value | — | ($2.5b) | ($9.6b) | $9.8b | $1.7b | ($4.1b) | ($416.2m) | — | |
| Derivative assets | — | ($36.4m) | ($6.3m) | ($15.5m) | $49.9m | ($66.9m) | $62.4m | — | |
| Derivative liabilities | — | $43.8m | ($29.5m) | $13.0m | ($9.0m) | ($4.8m) | ($9.4m) | — | |
| Net proceeds from sale of mortgage servicing rights | — | $289.2m | $264.0m | $1.3b | $1.8b | $2.7b | $2.4b | — | |
| Proceeds from principal payments on investment securities | — | $0 | $1.1m | $11.0m | $7.4m | $7.9m | $7.3m | — | |
| Investment in private company equity securities | — | — | — | — | $0 | $0 | ($100.0m) | — | |
| Repayments of finance lease liabilities | — | ($5.0m) | ($13.7m) | ($17.3m) | ($12.8m) | ($5.6m) | ($2.2m) | — | |
| Repayments under secured lines of credit | — | ($468.0m) | ($400.0m) | ($500.0m) | ($1.0b) | ($1.9b) | ($2.4b) | — | |
| Proceeds from issuance of senior notes | — | $800.0m | $1.2b | $0 | $0 | $800.0m | $1.0b | — | |
| Discount and direct issuance cost of senior notes | — | — | — | $0 | $0 | ($7.0m) | ($8.4m) | — | |
| Repayments of senior notes | — | — | — | — | $0 | $0 | ($800.0m) | — | |
| Member distributions paid to SFS Corp. | — | ($2.0b) | ($1.5b) | ($751.0m) | ($600.8m) | ($714.0m) | ($638.0m) | — | |
| Cash Flow From Continuing Financing Activities | — | — | — | ($9.6b) | ($2.2b) | $3.6b | $384.0m | $3.4b | |
| Cash Flow From Continuing Investing Activities | — | — | — | $1.3b | $1.8b | $2.7b | $2.3b | $1.5b | |
| Change In Other Working Capital | — | — | — | ($2.5m) | $40.9m | ($71.8m) | $53.0m | ($67.4m) | |
| Changes In Cash | — | — | — | ($26.2m) | ($207.4m) | $9.9m | ($4.0m) | $8.4m | |
| End Cash Position | — | — | — | $704.9m | $497.5m | $507.3m | $503.4m | $498.4m | |
| Financing Cash Flow | — | — | — | ($9.6b) |
($2.2b)
+77.02%
|
$3.6b
+262.32%
|
$384.0m
-89.26%
|
$3.4b
+783.41%
|
|
| Free Cash Flow | — | — | — | $8.2b | $138.8m | ($6.3b) | ($2.7b) | ($4.9b) | |
| Gain Loss On Investment Securities | — | — | ($154.8m) | $0 | $0 | — | — | — | |
| Investing Cash Flow | — | — | — | $1.3b | $1.8b | $2.7b | $2.3b | $1.5b | |
| Net Business Purchase And Sale | — | — | — | — | $0 | $0 | ($100.0m) | ($100.0m) | |
| Net Intangibles Purchase And Sale | — | — | — | $1.3b | $1.8b | $2.7b | $2.4b | $1.6b | |
| Net PPE Purchase And Sale | — | — | — | ($26.6m) | ($26.4m) | ($39.5m) | ($74.0m) | ($60.6m) | |
| Operating Gains Losses | — | — | — | ($7.7m) | $6.1m | ($5.1m) | ($2.7m) | ($4.7m) | |
| Other Non Cash Items | — | — | — | ($2.4b) | ($1.4b) | ($2.6b) | ($2.6b) | — | |
| Purchase Of Business | — | — | — | — | $0 | $0 | ($100.0m) | ($100.0m) | |
| Purchase Of PPE | — | — | $65.4m | ($26.6m) | ($26.4m) | ($39.5m) | ($74.0m) | ($60.6m) | |
| Sale Of Intangibles | — | — | — | $1.3b | $1.8b | $2.7b | $2.4b | $1.6b | |
| Stock Based Compensation | — | — | — | $7.5m | $13.8m | $24.6m | $50.4m | $56.0m | |
| Unrealized Gain Loss On Investment Securities | — | — | — | $28.2m | ($4.5m) | ($550k) | ($4.8m) | ($1.8m) | |
| Derivative, Gain (Loss) on Derivative, Net | — | — | — | — | — | — | $298.1m | — | |
| Gain (Loss) on Sales of Loans, Net | — | — | $2.6b | $982.0m | $1.0b | $1.5b | $1.9b | — | |
| Net Investment Purchase And Sale | — | — | — | $11.0m | $12.7m | $3.6m | $9.9m | $10.0m | |
| Sale Of Investment | — | — | — | $11.0m | $12.7m | $7.9m | $9.9m | $10.0m | |
| Supplemental disclosure of cash flow information: | |||||||||
| Change In Cash Supplemental As Reported | — | — | — | ($26.2m) | ($207.4m) | $9.9m | ($4.0m) | — | |
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | $161.8m | $287.3m | $241.7m | $341.1m | $477.0m | $496.2m | — | |
| Income Taxes Paid, Net | — | $2k | $1.8m | $0 | ($56k) | $3.0m | $914k | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.