$COOP
Mr Cooper Group Inc

2015 Q3 Form 10-Q Financial Statement

#000156459015009929 Filed on November 06, 2015

View on sec.gov

Income Statement

Concept 2015 Q3 2014 Q3 2014
Revenue $1.488M $1.721M $8.548M
YoY Change -13.54% -53.77% -46.58%
Cost Of Revenue -$40.00K $542.0K $3.281M
YoY Change -107.38%
Gross Profit $1.528M $1.179M $5.267M
YoY Change 29.6%
Gross Profit Margin 102.69% 68.51% 61.62%
Selling, General & Admin $13.20M $1.300M $7.000M
YoY Change 915.38% 0.0% 16.67%
% of Gross Profit 863.87% 110.26% 132.9%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $13.30M $3.020M $10.00M
YoY Change 340.4% -34.36% 900.0%
Operating Profit -$12.72M -$1.299M $3.070M
YoY Change 879.45% 808.28%
Interest Expense $937.0K $1.047M -$22.00M
YoY Change -10.51% -70.64% 46.67%
% of Operating Profit -716.61%
Other Income/Expense, Net $8.804M $0.00
YoY Change
Pretax Income -$3.919M -$1.299M $3.070M
YoY Change 201.69% 47.95% 808.28%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income 0.0%
Net Earnings -$3.919M -$1.299M $3.070M
YoY Change 201.69% 47.95% 808.28%
Net Earnings / Revenue -263.37% -75.48% 35.91%
Basic Earnings Per Share -$0.04 -$0.01 -$0.03
Diluted Earnings Per Share -$0.04 -$0.01 -$0.03
COMMON SHARES
Basic Shares Outstanding 202.0M 201.0M 200.9M
Diluted Shares Outstanding 202.0M 201.0M 200.9M

Balance Sheet

Concept 2015 Q3 2014 Q3 2014
SHORT-TERM ASSETS
Cash & Short-Term Investments $15.00M $6.000M $78.00M
YoY Change 150.0% -25.0% 550.0%
Cash & Equivalents $15.00M $6.345M $78.00M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $15.00M $6.000M $78.00M
YoY Change 150.0% -25.0% 550.0%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $111.0M $147.0M $72.00M
YoY Change -24.49% -44.11% -71.43%
Other Assets $582.0M $990.0K $5.000M
YoY Change 58687.88% -31.77% 400.0%
Total Long-Term Assets $695.0M $162.8M $78.00M
YoY Change 326.89% -38.79% -69.53%
TOTAL ASSETS
Total Short-Term Assets $15.00M $6.000M $78.00M
Total Long-Term Assets $695.0M $162.8M $78.00M
Total Assets $710.0M $168.8M $156.0M
YoY Change 320.6% -38.38% -41.79%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $0.00 $0.00 $0.00
YoY Change -100.0% -100.0%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt $29.00M $30.00M $31.00M
YoY Change -3.33% -70.59% -70.75%
Other Long-Term Liabilities $175.0M $41.00M $36.00M
YoY Change 326.83% -63.72% -62.5%
Total Long-Term Liabilities $204.0M $71.00M $67.00M
YoY Change 187.32% -66.98% -66.83%
TOTAL LIABILITIES
Total Short-Term Liabilities
Total Long-Term Liabilities $204.0M $71.00M $67.00M
Total Liabilities $204.0M $71.00M $68.00M
YoY Change 187.32% -67.2% -66.5%
SHAREHOLDERS EQUITY
Retained Earnings -$8.827M
YoY Change -54.81%
Common Stock $2.000K
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $506.0M $97.60M $88.00M
YoY Change
Total Liabilities & Shareholders Equity $710.0M $168.8M $156.0M
YoY Change 320.6% -38.38% -41.79%

Cashflow Statement

Concept 2015 Q3 2014 Q3 2014
OPERATING ACTIVITIES
Net Income -$3.919M -$1.299M $3.070M
YoY Change 201.69% 47.95% 808.28%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities -$1.000M $73.00M -$34.00M
YoY Change -101.37% -1316.67% 41.67%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities $1.000M $9.000M $156.0M
YoY Change -88.89% -55.0% 205.88%
Cash From Investing Activities $1.000M $9.000M $156.0M
YoY Change -88.89% -55.0% 205.88%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -5.000M -78.00M -57.00M
YoY Change -93.59% 457.14% 78.13%
NET CHANGE
Cash From Operating Activities -1.000M 73.00M -34.00M
Cash From Investing Activities 1.000M 9.000M 156.0M
Cash From Financing Activities -5.000M -78.00M -57.00M
Net Change In Cash -5.000M 4.000M 65.00M
YoY Change -225.0% -1400.0%
FREE CASH FLOW
Cash From Operating Activities -$1.000M $73.00M -$34.00M
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2014Q4 us-gaap Liability For Claims And Claims Adjustment Expense
LiabilityForClaimsAndClaimsAdjustmentExpense
18947000
CY2014Q4 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
696000
CY2015Q3 us-gaap Redeemable Noncontrolling Interest Equity Preferred Carrying Amount
RedeemableNoncontrollingInterestEquityPreferredCarryingAmount
502213000
CY2015Q3 us-gaap Policyholder Benefits And Claims Incurred Net
PolicyholderBenefitsAndClaimsIncurredNet
-40000
us-gaap Gain Loss On Contract Termination
GainLossOnContractTermination
-6563000
us-gaap Benefits Losses And Expenses
BenefitsLossesAndExpenses
18537000
wmih Other Income Expense
OtherIncomeExpense
7845000
CY2015Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
8804000
CY2014Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-1299000
us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-71901000
CY2014Q3 us-gaap Net Income Loss
NetIncomeLoss
-1299000
us-gaap Net Income Loss
NetIncomeLoss
-71901000
CY2015Q3 us-gaap Redeemable Preferred Stock Dividends
RedeemablePreferredStockDividends
4500000
us-gaap Redeemable Preferred Stock Dividends
RedeemablePreferredStockDividends
13248000
wmih Preferred Deemed Dividend
PreferredDeemedDividend
9455000
CY2015Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-8419000
CY2014Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-1299000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-85149000
CY2015Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.04
CY2014Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.01
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.42
CY2015Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
201970639
CY2014Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
200999481
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
201671117
CY2015Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.04
CY2014Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.01
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.42
CY2015Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
201970639
CY2014Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
200999481
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
201671117
wmih Gain Loss On Contract Fair Market Value Reserve
GainLossOnContractFairMarketValueReserve
2783000
CY2015Q3 us-gaap Insurance Commissions
InsuranceCommissions
110000
us-gaap Gain Loss On Investments
GainLossOnInvestments
1191000
CY2015Q3 us-gaap Revenues
Revenues
1488000
us-gaap Revenues
Revenues
4708000
us-gaap Revenues
Revenues
6705000
CY2014Q3 us-gaap Insurance Commissions
InsuranceCommissions
144000
us-gaap Gain Loss On Investments
GainLossOnInvestments
770000
CY2014Q4 us-gaap Notes Payable
NotesPayable
31220000
CY2015Q3 wmih Other Income Expense
OtherIncomeExpense
-477000
CY2014Q3 us-gaap Gain Loss On Investments
GainLossOnInvestments
86000
CY2014Q3 us-gaap Revenues
Revenues
1721000
CY2015Q3 us-gaap Interest Expense
InterestExpense
937000
us-gaap Operating Income Loss
OperatingIncomeLoss
-13829000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-58072000
CY2015Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-12723000
CY2015Q3 us-gaap Embedded Derivative Gain Loss On Embedded Derivative Net
EmbeddedDerivativeGainLossOnEmbeddedDerivativeNet
9281000
us-gaap Interest Expense
InterestExpense
2842000
wmih Gain Loss On Contract Fair Market Value Reserve
GainLossOnContractFairMarketValueReserve
30287000
CY2014Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-1299000
us-gaap Embedded Derivative Gain Loss On Embedded Derivative Net
EmbeddedDerivativeGainLossOnEmbeddedDerivativeNet
-65917000
CY2015Q3 us-gaap Gain Loss On Investments
GainLossOnInvestments
241000
CY2015Q3 us-gaap Net Income Loss
NetIncomeLoss
-3919000
CY2014Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
6345000
us-gaap Interest Paid
InterestPaid
5094000
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-68114000
CY2014Q3 us-gaap Benefits Losses And Expenses
BenefitsLossesAndExpenses
3020000
us-gaap Insurance Commissions
InsuranceCommissions
353000
us-gaap Insurance Commissions
InsuranceCommissions
507000
CY2015Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-3919000
CY2014Q4 wmih Share Based Compensation Unvested Restricted Awards Outstanding Unamortized
ShareBasedCompensationUnvestedRestrictedAwardsOutstandingUnamortized
1200000
CY2014Q4 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
61400000
us-gaap Incremental Common Shares Attributable To Equity Forward Agreements
IncrementalCommonSharesAttributableToEquityForwardAgreements
0
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
13248000
us-gaap Benefits Losses And Expenses
BenefitsLossesAndExpenses
-5938000
CY2014Q3 us-gaap Policyholder Benefits And Claims Incurred Net
PolicyholderBenefitsAndClaimsIncurredNet
542000
us-gaap Policyholder Benefits And Claims Incurred Net
PolicyholderBenefitsAndClaimsIncurredNet
-358000
us-gaap Policyholder Benefits And Claims Incurred Net
PolicyholderBenefitsAndClaimsIncurredNet
4531000
CY2014Q3 us-gaap Interest Expense
InterestExpense
1047000
CY2015Q3 us-gaap Benefits Losses And Expenses
BenefitsLossesAndExpenses
14211000
CY2014 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
807000
wmih Increase Decrease In Losses Payable
IncreaseDecreaseInLossesPayable
-550000
us-gaap Increase Decrease In Unearned Premiums
IncreaseDecreaseInUnearnedPremiums
-258000
us-gaap Increase Decrease In Unearned Premiums
IncreaseDecreaseInUnearnedPremiums
-238000
wmih Increase Decrease In Accrued Ceding Commission Expense
IncreaseDecreaseInAccruedCedingCommissionExpense
-8000
CY2014 us-gaap Net Income Loss
NetIncomeLoss
3070000
CY2014 us-gaap Stock And Warrants Issued During Period Value Preferred Stock And Warrants
StockAndWarrantsIssuedDuringPeriodValuePreferredStockAndWarrants
19224000
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
3348000
CY2013Q4 us-gaap Stockholders Equity
StockholdersEquity
65129000
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
1350000
us-gaap Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
-30388000
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
454000
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
-582629000
us-gaap Dividends Preferred Stock
DividendsPreferredStock
13248000
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
961000
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
-17745000
us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
202398000
us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
431113000
us-gaap Proceeds From Sale And Maturity Of Trading Securities Heldforinvestment
ProceedsFromSaleAndMaturityOfTradingSecuritiesHeldforinvestment
156588000
us-gaap Proceeds From Sale And Maturity Of Trading Securities Heldforinvestment
ProceedsFromSaleAndMaturityOfTradingSecuritiesHeldforinvestment
511331000
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-45810000
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
80218000
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
565780000
CY2013Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
11986000
us-gaap Interest Paid
InterestPaid
1951000
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
11886000
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-710000
us-gaap Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
-510728000
us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
319000
us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
434000
us-gaap Trading Securities Unrealized Holding Gain Loss
TradingSecuritiesUnrealizedHoldingGainLoss
-311000
us-gaap Trading Securities Unrealized Holding Gain Loss
TradingSecuritiesUnrealizedHoldingGainLoss
-651000
us-gaap Share Based Compensation
ShareBasedCompensation
961000
us-gaap Share Based Compensation
ShareBasedCompensation
600000
us-gaap Increase Decrease In Accrued Investment Income Receivable
IncreaseDecreaseInAccruedInvestmentIncomeReceivable
-193000
us-gaap Increase Decrease In Accrued Investment Income Receivable
IncreaseDecreaseInAccruedInvestmentIncomeReceivable
-379000
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-17000
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-472000
wmih Increase Decrease In Cash Held In Trust
IncreaseDecreaseInCashHeldInTrust
-5769000
wmih Increase Decrease In Cash Held In Trust
IncreaseDecreaseInCashHeldInTrust
-22649000
us-gaap Increase Decrease In Restricted Cash For Operating Activities
IncreaseDecreaseInRestrictedCashForOperatingActivities
579927000
us-gaap Increase Decrease In Restricted Cash For Operating Activities
IncreaseDecreaseInRestrictedCashForOperatingActivities
-71000
us-gaap Increase Decrease In Liability For Claims And Claims Adjustment Expense Reserve
IncreaseDecreaseInLiabilityForClaimsAndClaimsAdjustmentExpenseReserve
-12365000
us-gaap Increase Decrease In Liability For Claims And Claims Adjustment Expense Reserve
IncreaseDecreaseInLiabilityForClaimsAndClaimsAdjustmentExpenseReserve
-22148000
wmih Increase Decrease In Losses Payable
IncreaseDecreaseInLossesPayable
-1875000
wmih Increase Decrease In Accrued Ceding Commission Expense
IncreaseDecreaseInAccruedCedingCommissionExpense
-54000
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
-26000
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
-814000
us-gaap Proceeds From Issuance Of Preferred Stock Preference Stock And Warrants
ProceedsFromIssuanceOfPreferredStockPreferenceStockAndWarrants
600000000
us-gaap Proceeds From Issuance Of Preferred Stock Preference Stock And Warrants
ProceedsFromIssuanceOfPreferredStockPreferenceStockAndWarrants
22572000
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
19310000
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
12498000
us-gaap Increase Decrease In Deferred Charges
IncreaseDecreaseInDeferredCharges
12166000
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
3330000
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
78890000
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
918000
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
3718000
us-gaap Cash And Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashAndCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-62659000
us-gaap Cash And Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashAndCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-5641000
wmih Embedded Derivatives On Preferred Stock Issuances
EmbeddedDerivativesOnPreferredStockIssuances
66227000
us-gaap Notes Issued1
NotesIssued1
918000
us-gaap Notes Issued1
NotesIssued1
3718000
wmih Non Cash Redeemable Convertible Series B Preferred Stock Dividends Accrued
NonCashRedeemableConvertibleSeriesBPreferredStockDividendsAccrued
750000
wmih Accrued Fees Relating To Stock Issuance
AccruedFeesRelatingToStockIssuance
12250000
CY2014Q4 wmih Premium Deficiency Reserves
PremiumDeficiencyReserves
2300000
wmih Amount Of Dividends Paid On Or After Effective Date
AmountOfDividendsPaidOnOrAfterEffectiveDate
0
us-gaap Use Of Estimates
UseOfEstimates
<div> <p style="margin-bottom:0pt;margin-top:18pt;text-indent:0%;font-style:italic;font-family:Times New Roman;font-size:10pt;font-weight:normal;text-transform:none;font-variant: normal;">Use of Estimates </p> <p style="margin-bottom:0pt;margin-top:6pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements. Management has made significant estimates in certain areas, including valuing certain financial instruments and other assets, the determination of the contingent risk liabilities, and in determining appropriate insurance reserves. Actual results could differ substantially from those estimates. </p></div>
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div> <p style="margin-bottom:0pt;margin-top:18pt;text-indent:0%;font-style:italic;font-family:Times New Roman;font-size:10pt;font-weight:normal;text-transform:none;font-variant: normal;">Reclassification</p> <p style="margin-bottom:0pt;margin-top:6pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Certain prior period balances have been reclassified to conform with the basis of presentation used as of September 30, 2015.</p></div>
CY2015Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000
CY2015Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.00001
us-gaap Plan Of Reorganization Dates Plan Is Effective
PlanOfReorganizationDatesPlanIsEffective
2012-03-19
CY2015Q3 wmih Premium Deficiency Reserves
PremiumDeficiencyReserves
2100000
CY2012Q1 us-gaap Reorganization Value
ReorganizationValue
76600000
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
0
CY2009Q3 wmih Quoted Percentage To Share Base
QuotedPercentageToShareBase
0.50
CY2015Q3 us-gaap Assumed Premiums Earned
AssumedPremiumsEarned
1166000
CY2014Q3 us-gaap Assumed Premiums Earned
AssumedPremiumsEarned
1564000
us-gaap Assumed Premiums Earned
AssumedPremiumsEarned
3680000
us-gaap Assumed Premiums Earned
AssumedPremiumsEarned
5276000
CY2015Q3 us-gaap Increase Decrease In Unearned Premiums
IncreaseDecreaseInUnearnedPremiums
-81000
CY2014Q3 us-gaap Increase Decrease In Unearned Premiums
IncreaseDecreaseInUnearnedPremiums
-71000
CY2013Q4 us-gaap Liability For Claims And Claims Adjustment Expense
LiabilityForClaimsAndClaimsAdjustmentExpense
44314000
CY2014 us-gaap Policyholder Benefits And Claims Incurred Net
PolicyholderBenefitsAndClaimsIncurredNet
3281000
us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Claims Paid Prior Years1
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidPriorYears1
12007000
CY2014 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Claims Paid Prior Years1
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidPriorYears1
28648000
CY2015Q3 wmih Fair Market Value Reserve Balance
FairMarketValueReserveBalance
9800000
CY2014Q4 wmih Fair Market Value Reserve Balance
FairMarketValueReserveBalance
12500000
wmih Fair Market Value Reserve Decrease
FairMarketValueReserveDecrease
2700000
wmih Fair Market Value Reserve Decrease
FairMarketValueReserveDecrease
30300000
CY2015Q3 us-gaap Trading Securities Debt Amortized Cost
TradingSecuritiesDebtAmortizedCost
105886000
us-gaap Trading Securities Unrealized Holding Gain
TradingSecuritiesUnrealizedHoldingGain
149000
us-gaap Trading Securities Unrealized Holding Loss
TradingSecuritiesUnrealizedHoldingLoss
30000
CY2015Q3 us-gaap Trading Securities Debt
TradingSecuritiesDebt
106005000
CY2014Q4 us-gaap Trading Securities Debt Amortized Cost
TradingSecuritiesDebtAmortizedCost
60202000
CY2014 us-gaap Trading Securities Unrealized Holding Gain
TradingSecuritiesUnrealizedHoldingGain
590000
CY2014 us-gaap Trading Securities Unrealized Holding Loss
TradingSecuritiesUnrealizedHoldingLoss
151000
CY2014Q4 us-gaap Trading Securities Debt
TradingSecuritiesDebt
60641000
CY2015Q3 wmih Fixed Maturity Securities Debt Maturities Within One Year Amortized Cost
FixedMaturitySecuritiesDebtMaturitiesWithinOneYearAmortizedCost
73442000
CY2015Q3 wmih Fixed Maturity Securities Debt Maturities After One Through Five Years Amortized Cost
FixedMaturitySecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost
32444000
CY2015Q3 wmih Fixed Maturity Securities Debt Maturities Within One Year Fair Value
FixedMaturitySecuritiesDebtMaturitiesWithinOneYearFairValue
73464000
CY2015Q3 wmih Fixed Maturity Securities Debt Maturities After One Through Five Years Fair Value
FixedMaturitySecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
32541000
CY2015Q3 us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
52000
CY2014Q3 us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
19000
CY2015Q3 us-gaap Trading Securities Unrealized Holding Gain Loss
TradingSecuritiesUnrealizedHoldingGainLoss
-38000
CY2014Q3 us-gaap Trading Securities Unrealized Holding Gain Loss
TradingSecuritiesUnrealizedHoldingGainLoss
-283000
CY2015Q3 us-gaap Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
122281000
CY2014Q4 us-gaap Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
149492000
CY2015Q3 us-gaap Fair Value Assets Level2 To Level1 Transfers Amount
FairValueAssetsLevel2ToLevel1TransfersAmount
5999000
CY2014Q4 us-gaap Fair Value Assets Level2 To Level1 Transfers Amount
FairValueAssetsLevel2ToLevel1TransfersAmount
15751000
CY2015Q3 wmih Percentage Of Valuation Allowance Applicable To Net Operating Loss
PercentageOfValuationAllowanceApplicableToNetOperatingLoss
1.00
CY2015Q3 wmih Percentage Of Valuation Allowance Applicable To Net Operating Loss To Be Reduced
PercentageOfValuationAllowanceApplicableToNetOperatingLossToBeReduced
0.00
CY2014 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35
us-gaap Income Taxes Paid
IncomeTaxesPaid
0
CY2014 us-gaap Income Taxes Paid
IncomeTaxesPaid
0
CY2015Q3 wmih Valuation Allowance Equal To Net Deferred Federal Income Tax Asset
ValuationAllowanceEqualToNetDeferredFederalIncomeTaxAsset
1.00
CY2014Q4 wmih Valuation Allowance Equal To Net Deferred Federal Income Tax Asset
ValuationAllowanceEqualToNetDeferredFederalIncomeTaxAsset
1.00
CY2012Q1 wmih Non Operating Loss Due To Abandon Of Stock
NonOperatingLossDueToAbandonOfStock
8370000000
CY2014Q4 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
6000000000
wmih Net Operating Loss Expiration Date
NetOperatingLossExpirationDate
2031
CY2015Q3 wmih Reserve For Uncertain Federal Income Tax Position
ReserveForUncertainFederalIncomeTaxPosition
0
us-gaap Income Tax Examination Penalties And Interest Expense
IncomeTaxExaminationPenaltiesAndInterestExpense
0
CY2014 us-gaap Income Tax Examination Penalties And Interest Expense
IncomeTaxExaminationPenaltiesAndInterestExpense
0
us-gaap Income Tax Examination Year Under Examination
IncomeTaxExaminationYearUnderExamination
2011
CY2014Q4 us-gaap Cash Collateral For Borrowed Securities
CashCollateralForBorrowedSecurities
2400000
CY2015Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000
CY2015Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.00001
CY2015Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.00001
CY2015Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
500000000
CY2015Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000
CY2015Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.00001
CY2015Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.00001
CY2015Q2 us-gaap Convertible Preferred Stock Shares Issued Upon Conversion
ConvertiblePreferredStockSharesIssuedUponConversion
1
CY2015Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
3500000000
CY2014Q1 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
61400000
wmih Class Of Warrant Or Right Warrants Expiration Period
ClassOfWarrantOrRightWarrantsExpirationPeriod
P5Y
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Period1
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1
P3Y
CY2015Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Accelerated Vesting Number
SharebasedCompensationArrangementBySharebasedPaymentAwardAcceleratedVestingNumber
190070
CY2015Q3 wmih Preferred Stock Shares Percentage Own
PreferredStockSharesPercentageOwn
0.50
CY2015Q1 wmih Preferred Stock Shares Percentage Own
PreferredStockSharesPercentageOwn
0.425
CY2015Q3 wmih Share Based Compensation Unvested Restricted Fair Value Dependent Awards Outstanding Unamortized
ShareBasedCompensationUnvestedRestrictedFairValueDependentAwardsOutstandingUnamortized
9244000
wmih Repurchase Price Unvested Common Stock
RepurchasePriceUnvestedCommonStock
0.0001
wmih Registration Rights Agreement Blackout And Lockups Period
RegistrationRightsAgreementBlackoutAndLockupsPeriod
P180D
CY2015Q1 us-gaap Escrow Deposit
EscrowDeposit
598500000
CY2015Q3 wmih Share Based Compensation Unvested Restricted Awards Outstanding Unamortized
ShareBasedCompensationUnvestedRestrictedAwardsOutstandingUnamortized
10215000
CY2015Q3 wmih Share Based Compensation Unvested Restricted Fair Value Awards Subject To Vesting Schedule
ShareBasedCompensationUnvestedRestrictedFairValueAwardsSubjectToVestingSchedule
971000
CY2014Q1 wmih Preferred Deemed Dividend
PreferredDeemedDividend
9455000
CY2015Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares
113146
CY2015Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
76924
wmih Expected Adjustments To Additional Paid In Capital Early Vesting Of Equity Compensation
ExpectedAdjustmentsToAdditionalPaidInCapitalEarlyVestingOfEquityCompensation
382000
wmih Expected Increase In Share Based Compensation Early Vesting Of Equity Compensation
ExpectedIncreaseInShareBasedCompensationEarlyVestingOfEquityCompensation
382000
CY2015Q3 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
61400000
CY2015Q3 us-gaap Loss Contingency Pending Claims Number
LossContingencyPendingClaimsNumber
0
CY2015Q3 us-gaap Incremental Common Shares Attributable To Equity Forward Agreements
IncrementalCommonSharesAttributableToEquityForwardAgreements
0
CY2015Q3 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
4500000
CY2015Q3 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
206168035
CY2014Q3 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
202343245
us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
204307431
us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
202163250
CY2015Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
4197396
CY2014Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1343764
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
2636314
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1336982
CY2015Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-8419000
CY2014Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-1299000
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-85149000
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
3188000
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
37045988
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Issues
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityIssues
66227000
us-gaap Fair Value Liabilities Measured On Recurring Basis Change In Unrealized Gain Loss
FairValueLiabilitiesMeasuredOnRecurringBasisChangeInUnrealizedGainLoss
-65917000
CY2015Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
132144000

Files In Submission

Name View Source Status
0001564590-15-009929-index-headers.html Edgar Link pending
0001564590-15-009929-index.html Edgar Link pending
0001564590-15-009929.txt Edgar Link pending
0001564590-15-009929-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
wmih-10q_20150930.htm Edgar Link pending
wmih-20150930.xml Edgar Link completed
wmih-20150930.xsd Edgar Link pending
wmih-20150930_cal.xml Edgar Link unprocessable
wmih-20150930_def.xml Edgar Link unprocessable
wmih-20150930_lab.xml Edgar Link unprocessable
wmih-20150930_pre.xml Edgar Link unprocessable
wmih-ex311_7.htm Edgar Link pending
wmih-ex312_8.htm Edgar Link pending
wmih-ex321_6.htm Edgar Link pending