Guild Holdings Co Cashflow Statement

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Financial Statements

Income Statement Balance Sheet Cashflow Statement

Consolidated statements of cash flows

In millions of USD, except per-share amounts

	FY2024 12 months to Dec 31, 2024	FY2023 12 months to Dec 31, 2023	FY2022 12 months to Dec 31, 2022	FY2021 12 months to Dec 31, 2021	FY2020 12 months to Dec 31, 2020
Cash flows from operating activities
Net income (loss)
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Depreciation and amortization
Valuation adjustment of mortgage servicing rights
Valuation adjustment of mortgage loans held for sale
Valuation adjustment of reverse mortgage loans held for investment and HMBS-related borrowings
Unrealized gain on derivatives
Amortization of right-of-use assets
Provision for investor reserves
(Relief) provision for foreclosure losses
Provision for foreclosure losses
Valuation adjustment of contingent liabilities due to acquisitions, net
Gain on sale of mortgage loans excluding fair value of other financial instruments, net
Earnings from unconsolidated joint ventures, net of distributions received
Paid-in-kind interest income
Benefit from investor reserves
Foreclosure loss reserve
Deferred income taxes
Stock-based compensation
Origination of mortgage servicing rights
Origination and purchase of mortgage loans held for sale
Proceeds on sale of and payments from mortgage loans held for sale
Other
Changes in operating assets and liabilities:
Accounts and notes receivable, net
Other assets
Mortgage servicing rights
Advances and other assets
Accounts payable and accrued expenses
Accrued compensation and benefits
Income taxes
Contingent liability payments
Operating lease liabilities
Deferred compensation plan liability
Purchase and advances of real estate owned
Real estate owned, net
Other liabilities

Net cash used in operating activities
Cash flows from investing activities
Acquisition of businesses, net of cash acquired
Proceeds from the sale of property and equipment
Acquisition of reverse mortgage loans held for investment, net
Origination and purchase of reverse mortgage loans held for investment
Principal payments received on reverse mortgage loans held for investment
Issuance of notes receivable
Repayments on notes receivable
Purchases of property and equipment, net
Payments made on behalf of affiliate
Other
Net cash used in investing activities

Cash flows from financing activities
Borrowings on warehouse lines of credit
Repayments on warehouse lines of credit
Proceeds from issuance of reverse mortgage loans and tails accounted for as HMBS-related obligations
Repayments on HMBS-related obligations
Borrowings on notes payable
Repayments on notes payable
Contingent liability payments
Net change in notes payable
Payment of offering costs
Net change in related party notes payable
Repurchases of Class A common stock
Contribution from non-controlling interest
Taxes paid related to net share settlement of equity awards
Other
Net cash provided by financing activities

Decrease in cash, cash equivalents and restricted cash
Cash, cash equivalents and restricted cash, beginning of year
Cash, cash equivalents and restricted cash, end of year
Supplemental information
Cash paid for interest, net
Cash paid for income taxes, net of refunds
Income tax refunds, net of cash paid

Supplemental disclosure of non-cash investing activities:
Reverse mortgage loans held for investment acquired at fair value
HMBS-related borrowings assumed at fair value
Purchase price holdback
Net cash paid to acquire loans held for investment
Measurement period adjustment to goodwill
Cash, cash equivalents and restricted cash at end of period are comprised of the following:
Cash and cash equivalents
Restricted cash

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