$COOP
Mr. Cooper Group Inc.

2014 Q4 Form 10-Q Financial Statement

#000156459014005294 Filed on November 07, 2014

View on sec.gov

Income Statement

Concept 2014 Q4 2014 Q3 2013 Q3
Revenue $1.843M $1.721M $3.723M
YoY Change -44.45% -53.77% -79.32%
Cost Of Revenue $542.0K
YoY Change
Gross Profit $1.179M
YoY Change
Gross Profit Margin 68.51%
Selling, General & Admin $1.800M $1.300M $1.300M
YoY Change 38.46% 0.0% -31.58%
% of Gross Profit 110.26%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $700.0K $3.020M $4.601M
YoY Change -126.92% -34.36% -45.23%
Operating Profit -$1.299M
YoY Change
Interest Expense -$14.20M $1.047M $3.566M
YoY Change 317.65% -70.64% -182.93%
% of Operating Profit
Other Income/Expense, Net $0.00
YoY Change
Pretax Income -$9.600M -$1.299M -$878.0K
YoY Change -228.0% 47.95% -116.57%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -$9.600M -$1.299M -$878.0K
YoY Change -228.0% 47.95% -116.57%
Net Earnings / Revenue -520.89% -75.48% -23.58%
Basic Earnings Per Share -$0.05 -$0.01 -$0.01
Diluted Earnings Per Share -$0.05 -$0.01 -$0.01
COMMON SHARES
Basic Shares Outstanding 202.3M 201.0M 200.4M
Diluted Shares Outstanding 201.0M 200.4M

Balance Sheet

Concept 2014 Q4 2014 Q3 2013 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $78.00M $6.000M $8.000M
YoY Change 550.0% -25.0% -46.67%
Cash & Equivalents $78.01M $6.345M $8.347M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $78.00M $6.000M $8.000M
YoY Change 550.0% -25.0% -46.67%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $72.00M $147.0M $263.0M
YoY Change -71.43% -44.11% -30.05%
Other Assets $876.0K $990.0K $1.451M
YoY Change -40.08% -31.77% -27.45%
Total Long-Term Assets $78.14M $162.8M $266.0M
YoY Change -69.43% -38.79% -30.38%
TOTAL ASSETS
Total Short-Term Assets $78.00M $6.000M $8.000M
Total Long-Term Assets $78.14M $162.8M $266.0M
Total Assets $156.1M $168.8M $274.0M
YoY Change -41.66% -38.38% -30.99%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $0.00 $0.00 $1.000M
YoY Change -100.0% -100.0% -50.0%
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 $1.000M
YoY Change -50.0%
LONG-TERM LIABILITIES
Long-Term Debt $31.00M $30.00M $102.0M
YoY Change -70.75% -70.59% -23.88%
Other Long-Term Liabilities $36.00M $41.00M $113.0M
YoY Change -62.5% -63.72% -39.57%
Total Long-Term Liabilities $67.00M $71.00M $215.0M
YoY Change -66.83% -66.98% -33.02%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.000M
Total Long-Term Liabilities $67.00M $71.00M $215.0M
Total Liabilities $67.91M $71.00M $216.5M
YoY Change -66.47% -67.2% -32.99%
SHAREHOLDERS EQUITY
Retained Earnings -$18.40M -$8.827M -$19.53M
YoY Change 53.14% -54.81%
Common Stock $2.000K $2.000K $2.000K
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $88.23M $97.60M $57.51M
YoY Change
Total Liabilities & Shareholders Equity $156.1M $168.8M $274.0M
YoY Change -41.66% -38.38% -30.99%

Cashflow Statement

Concept 2014 Q4 2014 Q3 2013 Q3
OPERATING ACTIVITIES
Net Income -$9.600M -$1.299M -$878.0K
YoY Change -228.0% 47.95% -116.57%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities -$16.00M $73.00M -$6.000M
YoY Change -44.83% -1316.67% -93.02%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities $76.00M $9.000M $20.00M
YoY Change 153.33% -55.0% -70.15%
Cash From Investing Activities $76.00M $9.000M $20.00M
YoY Change 153.33% -55.0% -70.15%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 11.00M -78.00M -14.00M
YoY Change 450.0% 457.14% -1500.0%
NET CHANGE
Cash From Operating Activities -16.00M 73.00M -6.000M
Cash From Investing Activities 76.00M 9.000M 20.00M
Cash From Financing Activities 11.00M -78.00M -14.00M
Net Change In Cash 71.00M 4.000M 0.000
YoY Change 2266.67% -100.0%
FREE CASH FLOW
Cash From Operating Activities -$16.00M $73.00M -$6.000M
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

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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 Schedule Of Liability For Unpaid Claims And Claims Adjustment Expense
ScheduleOfLiabilityForUnpaidClaimsAndClaimsAdjustmentExpense
<div> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The components of the liability for losses and loss adjustment reserves are as follows as of September&#160;30, 2014 and December&#160;31, 2013, respectively: </p> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;</p> <div> <table border="0" cellspacing="0" cellpadding="0" align="center" style="border-collapse:collapse; width:100%;"> <tr> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:63%;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td colspan="2" valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:16%;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#;font-size:8pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">September&#160;30,</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#;font-size:8pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td colspan="2" valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:17%;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#;font-size:8pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">December&#160;31,</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#;font-size:8pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> </tr> <tr> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:63%;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#;font-size:8pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td colspan="2" valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:16%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#;font-size:8pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">2014</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#;font-size:8pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td colspan="2" valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:17%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#;font-size:8pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">2013</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#;font-size:8pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> </tr> <tr> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:65%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Case-basis reserves</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-top:solid 0.75pt #000000;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">$</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:15%; border-top:solid 0.75pt #000000;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">17,787</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-top:solid 0.75pt #000000;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">$</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:15%; border-top:solid 0.75pt #000000;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">41,159</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> </tr> <tr> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:63%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">IBNR reserves</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:15%;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">107</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:15%;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">713</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> </tr> <tr> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:63%; border-bottom:solid 0.75pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Premium deficiency reserves</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-bottom:solid 0.75pt #000000;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:15%; border-bottom:solid 0.75pt #000000;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">4,272</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1%; border-bottom:solid 0.75pt transparent;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-bottom:solid 0.75pt #000000;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:15%; border-bottom:solid 0.75pt #000000;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">2,442</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1%; border-bottom:solid 0.75pt transparent;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> </tr> <tr> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:63%; border-bottom:double 2.5pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:13.7pt;;text-indent:0pt;;color:#;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Total losses and loss adjustment reserves</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">$</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:15%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">22,166</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1%; border-bottom:double 2.5pt transparent;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">$</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:15%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">44,314</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1%; border-bottom:double 2.5pt transparent;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> </tr> </table></div> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p></div>
CY2008Q3 us-gaap Reorganization Value Net Realizable Value Of Asset Dispositions
ReorganizationValueNetRealizableValueOfAssetDispositions
1880000000
us-gaap Plan Of Reorganization Date Plans Filed
PlanOfReorganizationDatePlansFiled
2011-12-12
us-gaap Plan Of Reorganization Dates Plan Is Effective
PlanOfReorganizationDatesPlanIsEffective
2012-03-19
CY2014Q3 us-gaap Bankruptcy Claims Amount Paid To Settle Claims
BankruptcyClaimsAmountPaidToSettleClaims
6500000000
us-gaap Proceeds From Loans
ProceedsFromLoans
75000000
CY2014Q3 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
125000000
CY2014Q3 wmih Maximum Working Capital Facility In Credit
MaximumWorkingCapitalFacilityInCredit
25000000
CY2014Q3 wmih Line Of Credit Facility Amount Used For Acquisition
LineOfCreditFacilityAmountUsedForAcquisition
100000000
wmih Fair Market Value Reserve Expenses Decrease
FairMarketValueReserveExpensesDecrease
30300000
wmih Fair Market Value Reserve Expenses Decrease
FairMarketValueReserveExpensesDecrease
1000000
CY2014Q3 wmih Fixed Maturity Securities Amortized Cost
FixedMaturitySecuritiesAmortizedCost
136454000
us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Period Increase Decrease
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpensePeriodIncreaseDecrease
22166000
CY2013 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Period Increase Decrease
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpensePeriodIncreaseDecrease
44314000
CY2014Q3 wmih Fair Market Value Reserve Balance
FairMarketValueReserveBalance
16000000
CY2013Q4 wmih Fair Market Value Reserve Balance
FairMarketValueReserveBalance
46300000
wmih Fair Market Value Reserve Decrease
FairMarketValueReserveDecrease
30300000
wmih Fair Market Value Reserve Decrease
FairMarketValueReserveDecrease
1000000
CY2012Q4 wmih Non Operating Loss Due To Abandon Of Stock
NonOperatingLossDueToAbandonOfStock
8370000000
CY2013Q4 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
5960000000
wmih Number Of Operations Operated In Runoff
NumberOfOperationsOperatedInRunoff
1
CY2014Q3 wmih Shares Issued To Individual Share Holders
SharesIssuedToIndividualShareHolders
194670501
CY2014Q3 wmih Disputed Equity Escrow Shares
DisputedEquityEscrowShares
5329499
CY2014Q3 wmih Shares To Be Released From Disputed Equity Escrow
SharesToBeReleasedFromDisputedEquityEscrow
2921555
CY2012Q1 us-gaap Equity Method Investment Ownership Percentage
EquityMethodInvestmentOwnershipPercentage
0.50
CY2012Q1 us-gaap Reorganization Value
ReorganizationValue
76600000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
0
CY2012Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
2000000
CY2014Q3 us-gaap Debt Instrument Periodic Payment Principal
DebtInstrumentPeriodicPaymentPrincipal
62700000
CY2014Q3 us-gaap Debt Instrument Periodic Payment Principal
DebtInstrumentPeriodicPaymentPrincipal
16200000
CY2014Q3 us-gaap Debt Instrument Periodic Payment Interest
DebtInstrumentPeriodicPaymentInterest
679000
CY2014Q3 us-gaap Debt Instrument Periodic Payment Interest
DebtInstrumentPeriodicPaymentInterest
257000
CY2009Q3 wmih Quoted Percentage To Share Base
QuotedPercentageToShareBase
0.50
CY2014Q3 us-gaap Premiums Written Net
PremiumsWrittenNet
1564000
CY2013Q3 us-gaap Premiums Written Net
PremiumsWrittenNet
2790000
CY2014Q3 us-gaap Increase Decrease In Unearned Premiums
IncreaseDecreaseInUnearnedPremiums
-71000
CY2013Q3 us-gaap Increase Decrease In Unearned Premiums
IncreaseDecreaseInUnearnedPremiums
-143000
CY2012Q4 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Net
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNet
82524000
us-gaap Supplemental Information For Property Casualty Insurance Underwriters Prior Year Claims And Claims Adjustment Expense
SupplementalInformationForPropertyCasualtyInsuranceUnderwritersPriorYearClaimsAndClaimsAdjustmentExpense
4531000
CY2013 us-gaap Supplemental Information For Property Casualty Insurance Underwriters Prior Year Claims And Claims Adjustment Expense
SupplementalInformationForPropertyCasualtyInsuranceUnderwritersPriorYearClaimsAndClaimsAdjustmentExpense
-6159000
us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Claims Paid Prior Years1
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidPriorYears1
26679000
CY2013 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Claims Paid Prior Years1
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidPriorYears1
32051000
CY2014Q3 wmih Fixed Maturity Securities Gross Unrealized Gains
FixedMaturitySecuritiesGrossUnrealizedGains
734000
CY2014Q3 wmih Fixed Maturity Securities Gross Unrealized Losses
FixedMaturitySecuritiesGrossUnrealizedLosses
172000
CY2014Q3 wmih Fixed Maturity Securities Held In Trust Amortized Cost
FixedMaturitySecuritiesHeldInTrustAmortizedCost
55337000
CY2014Q3 wmih Fixed Maturity Securities Held In Trust Gross Unrealized Gains
FixedMaturitySecuritiesHeldInTrustGrossUnrealizedGains
527000
CY2014Q3 wmih Fixed Maturity Securities Held In Trust Gross Unrealized Losses
FixedMaturitySecuritiesHeldInTrustGrossUnrealizedLosses
154000
CY2013Q4 wmih Fixed Maturity Securities Amortized Cost
FixedMaturitySecuritiesAmortizedCost
217587000
CY2013Q4 wmih Fixed Maturity Securities Gross Unrealized Gains
FixedMaturitySecuritiesGrossUnrealizedGains
1730000
CY2013Q4 wmih Fixed Maturity Securities Gross Unrealized Losses
FixedMaturitySecuritiesGrossUnrealizedLosses
516000
CY2013Q4 wmih Fixed Maturity Securities Estimated Fair Value
FixedMaturitySecuritiesEstimatedFairValue
218801000
CY2013Q4 wmih Fixed Maturity Securities Held In Trust Amortized Cost
FixedMaturitySecuritiesHeldInTrustAmortizedCost
144909000
CY2013Q4 wmih Fixed Maturity Securities Held In Trust Gross Unrealized Gains
FixedMaturitySecuritiesHeldInTrustGrossUnrealizedGains
1498000
CY2013Q4 wmih Fixed Maturity Securities Held In Trust Gross Unrealized Losses
FixedMaturitySecuritiesHeldInTrustGrossUnrealizedLosses
503000
CY2014Q3 wmih Fixed Maturity Securities Debt Maturities Within One Year Amortized Cost
FixedMaturitySecuritiesDebtMaturitiesWithinOneYearAmortizedCost
63371000
CY2014Q3 wmih Fixed Maturity Securities Debt Maturities After One Through Five Years Amortized Cost
FixedMaturitySecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost
73083000
CY2014Q3 wmih Fixed Maturity Securities Debt Maturities Within One Year Fair Value
FixedMaturitySecuritiesDebtMaturitiesWithinOneYearFairValue
63368000
CY2014Q3 wmih Fixed Maturity Securities Debt Maturities After One Through Five Years Fair Value
FixedMaturitySecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
73648000
CY2014Q3 us-gaap Fair Value Assets Level2 To Level1 Transfers Amount
FairValueAssetsLevel2ToLevel1TransfersAmount
17028000
CY2013Q4 us-gaap Fair Value Assets Level2 To Level1 Transfers Amount
FairValueAssetsLevel2ToLevel1TransfersAmount
7135000
CY2014Q3 wmih Reserve For Uncertain Federal Income Tax Position
ReserveForUncertainFederalIncomeTaxPosition
0
CY2014Q3 us-gaap Investment Income Net Amortization Of Discount And Premium
InvestmentIncomeNetAmortizationOfDiscountAndPremium
-392000
CY2013Q3 us-gaap Investment Income Net Amortization Of Discount And Premium
InvestmentIncomeNetAmortizationOfDiscountAndPremium
-631000
us-gaap Investment Income Net Amortization Of Discount And Premium
InvestmentIncomeNetAmortizationOfDiscountAndPremium
-1350000
us-gaap Investment Income Net Amortization Of Discount And Premium
InvestmentIncomeNetAmortizationOfDiscountAndPremium
-1715000
CY2014Q3 wmih Investment Income On Fixed Maturity Securities
InvestmentIncomeOnFixedMaturitySecurities
740000
CY2013Q3 wmih Investment Income On Fixed Maturity Securities
InvestmentIncomeOnFixedMaturitySecurities
1621000
wmih Investment Income On Fixed Maturity Securities
InvestmentIncomeOnFixedMaturitySecurities
2748000
wmih Investment Income On Fixed Maturity Securities
InvestmentIncomeOnFixedMaturitySecurities
5258000
CY2014Q3 us-gaap Investment Income Interest
InvestmentIncomeInterest
2000
CY2013Q3 us-gaap Investment Income Interest
InvestmentIncomeInterest
2000
us-gaap Investment Income Interest
InvestmentIncomeInterest
9000
us-gaap Investment Income Interest
InvestmentIncomeInterest
11000
CY2014Q3 us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
19000
CY2013Q3 us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
-767000
CY2014Q3 us-gaap Trading Securities Unrealized Holding Gain Loss
TradingSecuritiesUnrealizedHoldingGainLoss
-283000
CY2013Q3 us-gaap Trading Securities Unrealized Holding Gain Loss
TradingSecuritiesUnrealizedHoldingGainLoss
565000
CY2014Q3 us-gaap Available For Sale Securities
AvailableForSaleSecurities
153533000
CY2013Q4 us-gaap Available For Sale Securities
AvailableForSaleSecurities
263664000
CY2014Q3 us-gaap Fair Value Assets Level1 To Level2 Transfers Amount
FairValueAssetsLevel1ToLevel2TransfersAmount
0
CY2013Q4 us-gaap Fair Value Assets Level1 To Level2 Transfers Amount
FairValueAssetsLevel1ToLevel2TransfersAmount
0
CY2014Q3 wmih Percentage Of Valuation Allowance Applicable To Net Operating Loss
PercentageOfValuationAllowanceApplicableToNetOperatingLoss
1.00
CY2014Q3 wmih Percentage Of Valuation Allowance Applicable To Net Operating Loss To Be Reduced
PercentageOfValuationAllowanceApplicableToNetOperatingLossToBeReduced
0.00
CY2013 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0
us-gaap Income Taxes Paid
IncomeTaxesPaid
0
CY2013 us-gaap Income Taxes Paid
IncomeTaxesPaid
0
CY2014Q3 wmih Valuation Allowance Equal To Net Deferred Federal Income Tax Asset
ValuationAllowanceEqualToNetDeferredFederalIncomeTaxAsset
1.00
CY2013Q4 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
wmih Nols Expiration Date
NolsExpirationDate
2029
us-gaap Income Tax Examination Penalties And Interest Expense
IncomeTaxExaminationPenaltiesAndInterestExpense
0
CY2013 us-gaap Income Tax Examination Penalties And Interest Expense
IncomeTaxExaminationPenaltiesAndInterestExpense
0
us-gaap Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
1200000
us-gaap Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
1300000
wmih Description Of Fee
DescriptionOfFee
fee equal to the product of (x) the ending dollar amount of assets under management during the calendar month in question and (y) .002 divided by 12.
CY2014Q3 wmih Related Party Transaction Administrative Services Agreement Fee
RelatedPartyTransactionAdministrativeServicesAgreementFee
110000
wmih Pro Rata Share Of Common Stock Election
ProRataShareOfCommonStockElection
10000000
wmih Percentage Of Pro Rata Share Of Common Stock Election
PercentageOfProRataShareOfCommonStockElection
0.05
wmih Principal Amount Of Runoff Notes
PrincipalAmountOfRunoffNotes
1.00
wmih Percentage Of Interest In Litigation Proceeds
PercentageOfInterestInLitigationProceeds
0.50
CY2014Q3 us-gaap Cash Collateral For Borrowed Securities
CashCollateralForBorrowedSecurities
40000
CY2013Q4 us-gaap Cash Collateral For Borrowed Securities
CashCollateralForBorrowedSecurities
100000
us-gaap Debt Instrument Periodic Payment
DebtInstrumentPeriodicPayment
40000
CY2013 us-gaap Debt Instrument Periodic Payment
DebtInstrumentPeriodicPayment
100000
us-gaap Debt Instrument Description
DebtInstrumentDescription
Subordinated Notes may be issued by WMIHC, at WMIHC’s option, in one or more tranches over a three year period, subject to certain terms and conditions, including the conditions that (i) all or substantially all of the proceeds from the issuance of the Subordinated Notes are used by WMIHC to fund the acquisition of the assets of, or equity interests of, or a business line, unit or division of, any entity that has been approved by the Board, (ii) no defaults or events of default shall have occurred under the Note Purchase Agreement and (iii) no violation of certain provisions of the Investor Rights Agreement shall have occurred. KKR Management may refuse to purchase Subordinated Notes from WMIHC in the event that a third party (other than KKR or any of its affiliates) (i) has completed a successful proxy contest against WMIHC or (ii) has publicly initiated or threatened to initiate a proxy contest and, in connection therewith, such third party is granted the right to designate more than one nominee to the Board. Upon such refusal, KKR Management will automatically forfeit a percentage of warrants
CY2014Q1 us-gaap Debt Instrument Interest Rate Stated Percentage Rate Range Maximum
DebtInstrumentInterestRateStatedPercentageRateRangeMaximum
0.25
us-gaap Debt Instrument Maturity Date Description
DebtInstrumentMaturityDateDescription
Each Subordinated Note will mature on the date that is seven years from the date that the initial Subordinated Note is first issued (the “Initial Issue Date”).
CY2014Q1 us-gaap Debt Instrument Term
DebtInstrumentTerm
P7Y
us-gaap Debt Instrument Frequency Of Periodic Payment
DebtInstrumentFrequencyOfPeriodicPayment
Interest on the Subordinated Notes is due semi-annually
us-gaap Debt Instrument Redemption Price Percentage
DebtInstrumentRedemptionPricePercentage
1.00
CY2014Q3 wmih Notes Payable Outstanding
NotesPayableOutstanding
0
CY2014Q3 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
61400000
wmih Convertible Preferred Stock Conversion Price
ConvertiblePreferredStockConversionPrice
1.10
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
37045988
us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
21000
us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
-36000
CY2014Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-1290000
CY2013Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-874000
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
3167000
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-7142000
CY2013Q3 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
201514133
us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
202163250
us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
201276741
CY2014Q3 us-gaap Incremental Common Shares Attributable To Nonvested Shares With Forfeitable Dividends
IncrementalCommonSharesAttributableToNonvestedSharesWithForfeitableDividends
1343764
CY2013Q3 us-gaap Incremental Common Shares Attributable To Nonvested Shares With Forfeitable Dividends
IncrementalCommonSharesAttributableToNonvestedSharesWithForfeitableDividends
1128769
us-gaap Incremental Common Shares Attributable To Nonvested Shares With Forfeitable Dividends
IncrementalCommonSharesAttributableToNonvestedSharesWithForfeitableDividends
1336982
us-gaap Incremental Common Shares Attributable To Nonvested Shares With Forfeitable Dividends
IncrementalCommonSharesAttributableToNonvestedSharesWithForfeitableDividends
1000070
CY2014Q3 us-gaap Preferred Stock Liquidation Preference
PreferredStockLiquidationPreference
10.00
CY2014Q3 us-gaap Preferred Stock Liquidation Preference Value
PreferredStockLiquidationPreferenceValue
1000000
wmih Class Of Warrant Or Right Warrants Expiration Period
ClassOfWarrantOrRightWarrantsExpirationPeriod
P5Y
CY2014Q3 us-gaap Equity Method Investment Ownership Percentage
EquityMethodInvestmentOwnershipPercentage
0.50
CY2014Q1 us-gaap Equity Method Investment Ownership Percentage
EquityMethodInvestmentOwnershipPercentage
0.425
CY2014Q1 wmih Registration Rights Agreement Blackout And Lockups Period
RegistrationRightsAgreementBlackoutAndLockupsPeriod
P180D
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
600000
wmih Additional Allocated Share Based Compensation Expense
AdditionalAllocatedShareBasedCompensationExpense
700000
CY2013 wmih Additional Allocated Share Based Compensation Expense
AdditionalAllocatedShareBasedCompensationExpense
700000
CY2014Q3 wmih Share Based Compensation Unvested Restricted Awards Outstanding Unamortized
ShareBasedCompensationUnvestedRestrictedAwardsOutstandingUnamortized
1439000
CY2013Q4 wmih Share Based Compensation Unvested Restricted Awards Outstanding Unamortized
ShareBasedCompensationUnvestedRestrictedAwardsOutstandingUnamortized
700000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
0.0001
CY2014Q3 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
-9000
CY2013Q3 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
-4000

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