$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

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<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>
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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

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