2021 Q2 Form 10-Q Financial Statement

#000178339821000055 Filed on August 16, 2021

View on sec.gov

Income Statement

Concept 2021 Q2 2020 Q2
Revenue $484.7M $830.6M
YoY Change -41.65%
Cost Of Revenue $38.59M $23.30M
YoY Change 65.6%
Gross Profit $665.2M $807.4M
YoY Change -17.62%
Gross Profit Margin 137.25% 97.2%
Selling, General & Admin $226.4M $164.4M
YoY Change 37.71%
% of Gross Profit 34.04% 20.36%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $8.363M $72.70M
YoY Change -88.5%
% of Gross Profit 1.26% 9.0%
Operating Expenses $344.5M $290.4M
YoY Change 18.62%
Operating Profit $320.7M -$234.8K
YoY Change -136666.81%
Interest Expense $72.67M $30.03M
YoY Change 142.04%
% of Operating Profit 22.66%
Other Income/Expense, Net $1.530M $0.00
YoY Change
Pretax Income $140.2M $540.2M
YoY Change -74.05%
Income Tax $1.462M $750.0K
% Of Pretax Income 1.04% 0.14%
Net Earnings $8.264M -$48.56K
YoY Change -17119.17%
Net Earnings / Revenue 1.71% -0.01%
Basic Earnings Per Share $0.08
Diluted Earnings Per Share $0.07 $5.233M
COMMON SHARES
Basic Shares Outstanding 102.8M shares
Diluted Shares Outstanding 1.605B shares

Balance Sheet

Concept 2021 Q2 2020 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.048B
YoY Change
Cash & Equivalents $1.048B $541.7K
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses $320.9K
Receivables $26.60M
Other Receivables $234.2M
Total Short-Term Assets $1.309B $862.6K
YoY Change 151641.57%
LONG-TERM ASSETS
Property, Plant & Equipment $130.9M
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $15.54B $426.1M
YoY Change 3546.23%
TOTAL ASSETS
Total Short-Term Assets $1.309B $862.6K
Total Long-Term Assets $15.54B $426.1M
Total Assets $16.84B $426.9M
YoY Change 3845.47%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.019B
YoY Change
Accrued Expenses $258.7M
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.277B $279.0K
YoY Change 457735.38%
LONG-TERM LIABILITIES
Long-Term Debt $12.80B
YoY Change
Other Long-Term Liabilities $82.55M
YoY Change
Total Long-Term Liabilities $12.88B
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $1.277B $279.0K
Total Long-Term Liabilities $12.88B
Total Liabilities $14.16B $15.15M
YoY Change 93321.75%
SHAREHOLDERS EQUITY
Retained Earnings $109.4M $429.3K
YoY Change 25384.66%
Common Stock $4.569M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $109.7M $5.000M
YoY Change
Total Liabilities & Shareholders Equity $16.84B $426.9M
YoY Change 3845.47%

Cashflow Statement

Concept 2021 Q2 2020 Q2
OPERATING ACTIVITIES
Net Income $8.264M -$48.56K
YoY Change -17119.17%
Depreciation, Depletion And Amortization $8.363M $72.70M
YoY Change -88.5%
Cash From Operating Activities -$6.983B
YoY Change
INVESTING ACTIVITIES
Capital Expenditures -$22.47M
YoY Change
Acquisitions
YoY Change
Other Investing Activities $108.0K
YoY Change
Cash From Investing Activities -$22.37M
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 6.461B
YoY Change
NET CHANGE
Cash From Operating Activities -6.983B
Cash From Investing Activities -22.37M
Cash From Financing Activities 6.461B
Net Change In Cash -544.5M
YoY Change
FREE CASH FLOW
Cash From Operating Activities -$6.983B
Capital Expenditures -$22.47M
Free Cash Flow -$6.960B
YoY Change

Facts In Submission

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us-gaap Mortgage Servicing Rights Msr Impairment Recovery
MortgageServicingRightsMSRImpairmentRecovery
0 USD
us-gaap Increase Decrease In Derivative Assets
IncreaseDecreaseInDerivativeAssets
14366000 USD
us-gaap Mortgage Servicing Rights Msr Impairment Recovery
MortgageServicingRightsMSRImpairmentRecovery
116680000 USD
ghivu Change In Fair Value Of Mortgage Servicing Rights
ChangeInFairValueOfMortgageServicingRights
-278363000 USD
ghivu Change In Fair Value Of Mortgage Servicing Rights
ChangeInFairValueOfMortgageServicingRights
0 USD
ghivu Depreciation And Amortization Of Premises And Equipment
DepreciationAndAmortizationOfPremisesAndEquipment
9526000 USD
ghivu Depreciation And Amortization Of Premises And Equipment
DepreciationAndAmortizationOfPremisesAndEquipment
5321000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1302000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
0 USD
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AmortizationOfFinanceLeaseRightOfUseAssets
6237000 USD
ghivu Amortization Of Finance Lease Right Of Use Assets
AmortizationOfFinanceLeaseRightOfUseAssets
1902000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
2327000 USD
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ShareBasedCompensation
0 USD
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FairValueAdjustmentOfWarrants
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us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
0 USD
us-gaap Increase Decrease In Mortgage Loans Held For Sale
IncreaseDecreaseInMortgageLoansHeldForSale
4487597000 USD
us-gaap Increase Decrease In Mortgage Loans Held For Sale
IncreaseDecreaseInMortgageLoansHeldForSale
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IncreaseDecreaseInAccountsReceivable
72089000 USD
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IncreaseDecreaseInAccountsReceivable
96550000 USD
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IncreaseDecreaseInDerivativeAssets
32249000 USD
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IncreaseDecreaseInOtherOperatingAssets
-2510000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
4395000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
95360000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
62556000 USD
us-gaap Increase Decrease In Derivative Liabilities
IncreaseDecreaseInDerivativeLiabilities
16314000 USD
us-gaap Increase Decrease In Derivative Liabilities
IncreaseDecreaseInDerivativeLiabilities
28245000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-220810000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
32273000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
25844000 USD
us-gaap Proceeds From Sale Of Mortgage Servicing Rights Msr
ProceedsFromSaleOfMortgageServicingRightsMSR
2708000 USD
us-gaap Proceeds From Sale Of Mortgage Servicing Rights Msr
ProceedsFromSaleOfMortgageServicingRightsMSR
263188000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-29565000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
237344000 USD
ghivu Proceeds From Borrowings Under Warehouse Lines Of Credit Net
ProceedsFromBorrowingsUnderWarehouseLinesOfCreditNet
4307814000 USD
ghivu Proceeds From Borrowings Under Warehouse Lines Of Credit Net
ProceedsFromBorrowingsUnderWarehouseLinesOfCreditNet
218802000 USD
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
5895000 USD
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
1888000 USD
ghivu Proceeds From Business Combination Investing Activity
ProceedsFromBusinessCombinationInvestingActivity
895134000 USD
ghivu Proceeds From Business Combination Investing Activity
ProceedsFromBusinessCombinationInvestingActivity
0 USD
ghivu Costs Incurred Related To Business Combination Investing Activity
CostsIncurredRelatedToBusinessCombinationInvestingActivity
11260000 USD
ghivu Costs Incurred Related To Business Combination Investing Activity
CostsIncurredRelatedToBusinessCombinationInvestingActivity
0 USD
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
1078000 USD
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
1263000 USD
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
25022000 USD
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
2749000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
79700000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
378795000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
400000000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
419795000 USD
us-gaap Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
700000000 USD
us-gaap Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
0 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
7036000 USD
ghivu Proceeds From Members Contributions
ProceedsFromMembersContributions
0 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
0 USD
us-gaap Payments Of Dividends
PaymentsOfDividends
10310000 USD
us-gaap Payments Of Dividends
PaymentsOfDividends
0 USD
ghivu Proceeds From Members Contributions
ProceedsFromMembersContributions
247169000 USD
us-gaap Payments Of Distributions To Affiliates
PaymentsOfDistributionsToAffiliates
1318625000 USD
us-gaap Payments Of Distributions To Affiliates
PaymentsOfDistributionsToAffiliates
177000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
5716000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
4199862000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
421420000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-175660000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
437954000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
1223837000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
133283000 USD
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
1048177000 USD
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
571237000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
0 USD
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-26700000 USD
us-gaap Interest Paid Net
InterestPaidNet
104515000 USD
us-gaap Interest Paid Net
InterestPaidNet
77794000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
1699000 USD
us-gaap Other Income
OtherIncome
18900000 USD
us-gaap Use Of Estimates
UseOfEstimates
Use of EstimatesThe preparation of condensed consolidated 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 condensed consolidated financial statements, and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.
CY2021Q2 ghivu Tax Receivable Agreement Liability
TaxReceivableAgreementLiability
1900000 USD
CY2021Q2 us-gaap Loans Receivable Held For Sale Net Not Part Of Disposal Group
LoansReceivableHeldForSaleNetNotPartOfDisposalGroup
12157783000 USD
CY2021Q2 ghivu Mortgage Loans Fair Value Adjustment
MortgageLoansFairValueAdjustment
98077000 USD
CY2020Q4 ghivu Warehouse After Deadline Funding
WarehouseAfterDeadlineFunding
3642000 USD
CY2020Q4 us-gaap Loans Receivable Held For Sale Net Not Part Of Disposal Group
LoansReceivableHeldForSaleNetNotPartOfDisposalGroup
7620014000 USD
CY2021Q2 us-gaap Receivable With Imputed Interest Premium
ReceivableWithImputedInterestPremium
148252000 USD
CY2020Q4 us-gaap Receivable With Imputed Interest Premium
ReceivableWithImputedInterestPremium
101949000 USD
CY2020Q4 ghivu Mortgage Loans Fair Value Adjustment
MortgageLoansFairValueAdjustment
194552000 USD
CY2021Q2 us-gaap Mortgages Held For Sale Fair Value Disclosure
MortgagesHeldForSaleFairValueDisclosure
12404112000 USD
CY2020Q4 us-gaap Mortgages Held For Sale Fair Value Disclosure
MortgagesHeldForSaleFairValueDisclosure
7916515000 USD
ghivu Interest Rate Lock Commitment Pull Through Rate
InterestRateLockCommitmentPullThroughRate
0.87
CY2020 ghivu Interest Rate Lock Commitment Pull Through Rate
InterestRateLockCommitmentPullThroughRate
0.92
CY2021Q2 us-gaap Derivative Assets
DerivativeAssets
75438000 USD
CY2021Q2 us-gaap Derivative Liabilities
DerivativeLiabilities
82551000 USD
CY2020Q4 us-gaap Derivative Assets
DerivativeAssets
61072000 USD
CY2020Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
66237000 USD
ghivu Interest Rate Lock Commitment Pull Through Rate
InterestRateLockCommitmentPullThroughRate
0.87
CY2020 ghivu Interest Rate Lock Commitment Pull Through Rate
InterestRateLockCommitmentPullThroughRate
0.92
CY2021Q2 us-gaap Due From Officers Or Stockholders
DueFromOfficersOrStockholders
121296000 USD
CY2020Q4 us-gaap Due From Officers Or Stockholders
DueFromOfficersOrStockholders
100478000 USD
CY2021Q2 ghivu Servicing Fee Receivables
ServicingFeeReceivables
73900000 USD
CY2020Q4 ghivu Servicing Fee Receivables
ServicingFeeReceivables
55838000 USD
CY2021Q2 ghivu Servicing Advances
ServicingAdvances
56647000 USD
CY2020Q4 ghivu Servicing Advances
ServicingAdvances
60053000 USD
CY2021Q2 us-gaap Due From Related Parties
DueFromRelatedParties
38992000 USD
CY2020Q4 us-gaap Due From Related Parties
DueFromRelatedParties
33663000 USD
CY2021Q2 ghivu Warehouse After Deadline Funding
WarehouseAfterDeadlineFunding
23125000 USD
CY2021Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
4807000 USD
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
540000 USD
CY2021Q2 ghivu Pair Offs Receivable
PairOffsReceivable
8282000 USD
CY2020Q4 ghivu Pair Offs Receivable
PairOffsReceivable
438000 USD
CY2021Q2 us-gaap Notes Receivable Related Parties
NotesReceivableRelatedParties
23000 USD
CY2020Q4 us-gaap Notes Receivable Related Parties
NotesReceivableRelatedParties
28000 USD
CY2021Q2 us-gaap Accounts Receivable Net
AccountsReceivableNet
317458000 USD
CY2020Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
253600000 USD
CY2021Q2 us-gaap Contractually Specified Servicing Fees Amount
ContractuallySpecifiedServicingFeesAmount
143947000 USD
CY2020Q2 us-gaap Contractually Specified Servicing Fees Amount
ContractuallySpecifiedServicingFeesAmount
61393000 USD
us-gaap Contractually Specified Servicing Fees Amount
ContractuallySpecifiedServicingFeesAmount
266253000 USD
us-gaap Contractually Specified Servicing Fees Amount
ContractuallySpecifiedServicingFeesAmount
110513000 USD
CY2020Q2 us-gaap Contractually Specified Servicing Fees Late Fees And Ancillary Fees Earned In Exchange For Servicing Financial Assets
ContractuallySpecifiedServicingFeesLateFeesAndAncillaryFeesEarnedInExchangeForServicingFinancialAssets
62056000 USD
CY2021Q2 us-gaap Contractually Specified Servicing Fees Late Fees And Ancillary Fees Earned In Exchange For Servicing Financial Assets
ContractuallySpecifiedServicingFeesLateFeesAndAncillaryFeesEarnedInExchangeForServicingFinancialAssets
145278000 USD
CY2021Q2 ghivu Late And Ancillary Fee Income Generated By Servicing Financial Assets Amount
LateAndAncillaryFeeIncomeGeneratedByServicingFinancialAssetsAmount
1331000 USD
CY2020Q2 ghivu Late And Ancillary Fee Income Generated By Servicing Financial Assets Amount
LateAndAncillaryFeeIncomeGeneratedByServicingFinancialAssetsAmount
663000 USD
ghivu Late And Ancillary Fee Income Generated By Servicing Financial Assets Amount
LateAndAncillaryFeeIncomeGeneratedByServicingFinancialAssetsAmount
2814000 USD
ghivu Late And Ancillary Fee Income Generated By Servicing Financial Assets Amount
LateAndAncillaryFeeIncomeGeneratedByServicingFinancialAssetsAmount
1640000 USD
us-gaap Contractually Specified Servicing Fees Late Fees And Ancillary Fees Earned In Exchange For Servicing Financial Assets
ContractuallySpecifiedServicingFeesLateFeesAndAncillaryFeesEarnedInExchangeForServicingFinancialAssets
269067000 USD
us-gaap Contractually Specified Servicing Fees Late Fees And Ancillary Fees Earned In Exchange For Servicing Financial Assets
ContractuallySpecifiedServicingFeesLateFeesAndAncillaryFeesEarnedInExchangeForServicingFinancialAssets
112153000 USD
CY2021Q2 us-gaap Prepaid Insurance
PrepaidInsurance
25063000 USD
CY2020Q4 us-gaap Prepaid Insurance
PrepaidInsurance
35230000 USD
CY2021Q2 ghivu Prepaid It Service And Maintenance
PrepaidITServiceAndMaintenance
22143000 USD
CY2020Q4 ghivu Prepaid It Service And Maintenance
PrepaidITServiceAndMaintenance
19827000 USD
CY2021Q2 ghivu Commitment Fees
CommitmentFees
783000 USD
CY2020Q4 ghivu Commitment Fees
CommitmentFees
641000 USD
CY2021Q2 us-gaap Security Deposit
SecurityDeposit
219000 USD
CY2020Q4 us-gaap Security Deposit
SecurityDeposit
31000 USD
CY2021Q2 us-gaap Other Assets Miscellaneous
OtherAssetsMiscellaneous
8799000 USD
CY2020Q4 us-gaap Other Assets Miscellaneous
OtherAssetsMiscellaneous
2260000 USD
CY2021Q2 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
57007000 USD
CY2020Q4 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
57989000 USD
CY2021Q2 us-gaap Long Term Debt
LongTermDebt
1500000000 USD
CY2020Q4 us-gaap Long Term Debt
LongTermDebt
800000000 USD
CY2021Q2 us-gaap Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
0.0550
CY2020Q4 us-gaap Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
0.0550
CY2021Q2 ghivu Payments For Repurchase Of Loans
PaymentsForRepurchaseOfLoans
25400000 USD
CY2020Q2 ghivu Payments For Repurchase Of Loans
PaymentsForRepurchaseOfLoans
18600000 USD
ghivu Payments For Repurchase Of Loans
PaymentsForRepurchaseOfLoans
66900000 USD
ghivu Payments For Repurchase Of Loans
PaymentsForRepurchaseOfLoans
24500000 USD
CY2021Q1 ghivu Representation And Warranty Reserve
RepresentationAndWarrantyReserve
69297000 USD
CY2020Q1 ghivu Representation And Warranty Reserve
RepresentationAndWarrantyReserve
49215000 USD
CY2020Q4 ghivu Representation And Warranty Reserve
RepresentationAndWarrantyReserve
69542000 USD
CY2019Q4 ghivu Representation And Warranty Reserve
RepresentationAndWarrantyReserve
46322000 USD
CY2021Q2 ghivu Representation And Warranty Reserve Charged To Operations
RepresentationAndWarrantyReserveChargedToOperations
11843000 USD
CY2020Q2 ghivu Representation And Warranty Reserve Charged To Operations
RepresentationAndWarrantyReserveChargedToOperations
7327000 USD
ghivu Representation And Warranty Reserve Charged To Operations
RepresentationAndWarrantyReserveChargedToOperations
21661000 USD
ghivu Representation And Warranty Reserve Charged To Operations
RepresentationAndWarrantyReserveChargedToOperations
14716000 USD
CY2021Q2 ghivu Representation And Warranty Reserve Realized Gains Losses
RepresentationAndWarrantyReserveRealizedGainsLosses
-3070000 USD
CY2020Q2 ghivu Representation And Warranty Reserve Realized Gains Losses
RepresentationAndWarrantyReserveRealizedGainsLosses
-3246000 USD
ghivu Representation And Warranty Reserve Realized Gains Losses
RepresentationAndWarrantyReserveRealizedGainsLosses
-13133000 USD
ghivu Representation And Warranty Reserve Realized Gains Losses
RepresentationAndWarrantyReserveRealizedGainsLosses
-7742000 USD
CY2021Q2 ghivu Representation And Warranty Reserve
RepresentationAndWarrantyReserve
78070000 USD
CY2020Q2 ghivu Representation And Warranty Reserve
RepresentationAndWarrantyReserve
53296000 USD
CY2021Q2 ghivu Representation And Warranty Reserve
RepresentationAndWarrantyReserve
78070000 USD
CY2020Q2 ghivu Representation And Warranty Reserve
RepresentationAndWarrantyReserve
53296000 USD
CY2021Q2 ghivu Commitments To Extend Credit To Potential Borrowers
CommitmentsToExtendCreditToPotentialBorrowers
26500000000 USD
CY2021Q2 ghivu Minimum Capital Ratio
MinimumCapitalRatio
0.06
CY2021Q2 us-gaap Financial Liabilities Fair Value Disclosure
FinancialLiabilitiesFairValueDisclosure
109279000 USD
CY2021Q2 us-gaap Mortgages Held For Sale Fair Value Disclosure
MortgagesHeldForSaleFairValueDisclosure
12404112000 USD
CY2021Q2 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
15142106000 USD
CY2021Q2 ghivu Warrants Fair Value Disclosure
WarrantsFairValueDisclosure
26728000 USD
CY2020Q4 us-gaap Mortgages Held For Sale Fair Value Disclosure
MortgagesHeldForSaleFairValueDisclosure
7916515000 USD
CY2020Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
7977587000 USD
CY2020Q4 us-gaap Financial Liabilities Fair Value Disclosure
FinancialLiabilitiesFairValueDisclosure
66237000 USD
CY2021Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.0104
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.0142
CY2021Q2 us-gaap Effective Income Tax Rate Reconciliation Minority Interest Income Expense
EffectiveIncomeTaxRateReconciliationMinorityInterestIncomeExpense
0.94
us-gaap Effective Income Tax Rate Reconciliation Minority Interest Income Expense
EffectiveIncomeTaxRateReconciliationMinorityInterestIncomeExpense
0.94
CY2021Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 USD
CY2021Q2 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Expense
UnrecognizedTaxBenefitsInterestOnIncomeTaxesExpense
0 USD
CY2021Q2 us-gaap Unrecognized Tax Benefits Income Tax Penalties Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesExpense
0 USD
us-gaap Unrecognized Tax Benefits Income Tax Penalties Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesExpense
0 USD
us-gaap Unrecognized Tax Benefits Interest On Income Taxes Expense
UnrecognizedTaxBenefitsInterestOnIncomeTaxesExpense
0 USD
CY2021Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2300000 USD
CY2021Q2 us-gaap Profit Loss
ProfitLoss
138712000 USD
us-gaap Profit Loss
ProfitLoss
998717000 USD
CY2021Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
130448000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
942468000 USD
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
8264000 USD
us-gaap Net Income Loss
NetIncomeLoss
56249000 USD
CY2021Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
8264000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
56249000 USD
CY2021Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
106824000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
630992000 USD
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
102760823 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
102908906 shares
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1605067478 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1605215562 shares
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.08
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.55
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.07
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.39

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