2022 Q1 Form 10-Q Financial Statement
#000178339822000023 Filed on May 10, 2022
Income Statement
Concept | 2022 Q1 | 2021 Q4 | 2021 Q1 |
---|---|---|---|
Revenue | $821.8M | $744.4M | $1.190B |
YoY Change | -30.93% | -59.06% | 161.25% |
Cost Of Revenue | $73.90M | $61.49M | $33.70M |
YoY Change | 119.29% | 39.3% | 30.12% |
Gross Profit | $575.9M | $683.0M | $1.216B |
YoY Change | -52.62% | -61.51% | 182.94% |
Gross Profit Margin | 70.08% | 91.74% | 102.15% |
Selling, General & Admin | $211.8M | $208.5M | $240.3M |
YoY Change | -11.87% | 18.43% | 65.95% |
% of Gross Profit | 36.77% | 30.53% | 19.77% |
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $11.91M | $10.40M | $7.400M |
YoY Change | 60.93% | -95.6% | -90.72% |
% of Gross Profit | 2.07% | 1.52% | 0.61% |
Operating Expenses | $364.5M | $223.4M | $317.0M |
YoY Change | 14.98% | -35.83% | -27.15% |
Operating Profit | $211.5M | $459.6M | $898.5M |
YoY Change | -76.46% | -67.77% | -16415.98% |
Interest Expense | $60.37M | -$227.8M | $52.99M |
YoY Change | 13.93% | 326.89% | 23.12% |
% of Operating Profit | 28.55% | -49.56% | 5.9% |
Other Income/Expense, Net | -$7.502M | $17.30M | |
YoY Change | -143.35% | ||
Pretax Income | $457.3M | $231.8M | $872.9M |
YoY Change | -47.61% | -83.11% | 4189.6% |
Income Tax | $4.045M | -$7.990M | $12.89M |
% Of Pretax Income | 0.88% | -3.45% | 1.48% |
Net Earnings | $21.93M | $16.95M | $47.99M |
YoY Change | -54.3% | -98.76% | 9184.57% |
Net Earnings / Revenue | 2.67% | 2.28% | 4.03% |
Basic Earnings Per Share | $0.24 | $0.47 | |
Diluted Earnings Per Share | $0.22 | $10.60K | $0.33 |
COMMON SHARES | |||
Basic Shares Outstanding | 92.21M shares | 103.1M shares | |
Diluted Shares Outstanding | 1.594B shares | 1.605B shares |
Balance Sheet
Concept | 2022 Q1 | 2021 Q4 | 2021 Q1 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $901.2M | $731.1M | $1.593B |
YoY Change | -43.43% | -40.26% | |
Cash & Equivalents | $901.2M | $731.1M | $1.593B |
Short-Term Investments | |||
Other Short-Term Assets | |||
YoY Change | |||
Inventory | |||
Prepaid Expenses | |||
Receivables | $247.9M | $42.71M | $317.0M |
Other Receivables | $238.4M | $237.9M | $165.0M |
Total Short-Term Assets | $1.387B | $1.012B | $2.075B |
YoY Change | -33.13% | -31.53% | 138533.98% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $151.2M | $151.7M | $112.0M |
YoY Change | 35.05% | 41.01% | |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | $138.4M | $152.3M | |
YoY Change | |||
Other Assets | |||
YoY Change | |||
Total Long-Term Assets | $9.603B | $21.52B | $8.298B |
YoY Change | 15.74% | 114.82% | 1848.35% |
TOTAL ASSETS | |||
Total Short-Term Assets | $1.387B | $1.012B | $2.075B |
Total Long-Term Assets | $9.603B | $21.52B | $8.298B |
Total Assets | $10.99B | $22.53B | $10.37B |
YoY Change | 5.96% | 96.01% | 2327.05% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $1.207B | $1.085B | $1.185B |
YoY Change | 1.87% | 27.99% | |
Accrued Expenses | $270.5M | $121.4M | $260.0M |
YoY Change | 4.03% | 2999.51% | |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $118.8M | $118.8M | $0.00 |
YoY Change | |||
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $1.596B | $1.326B | $1.445B |
YoY Change | 10.48% | 1168.06% | 231379.26% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $6.113B | $18.00B | $6.094B |
YoY Change | 0.31% | 122.14% | |
Other Long-Term Liabilities | $115.4M | $36.74M | $55.00M |
YoY Change | 109.87% | -44.53% | |
Total Long-Term Liabilities | $6.228B | $18.03B | $6.149B |
YoY Change | 1.29% | 120.79% | |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $1.596B | $1.326B | $1.445B |
Total Long-Term Liabilities | $6.228B | $18.03B | $6.149B |
Total Liabilities | $7.825B | $19.36B | $7.595B |
YoY Change | 3.03% | 112.27% | 48711.63% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | $138.8M | $141.8M | $113.1M |
YoY Change | 22.78% | -93.96% | 23565.25% |
Common Stock | |||
YoY Change | |||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $139.5M | $142.4M | $113.0M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $10.99B | $22.53B | $10.37B |
YoY Change | 5.96% | 96.01% | 2327.05% |
Cashflow Statement
Concept | 2022 Q1 | 2021 Q4 | 2021 Q1 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | $21.93M | $16.95M | $47.99M |
YoY Change | -54.3% | -98.76% | 9184.57% |
Depreciation, Depletion And Amortization | $11.91M | $10.40M | $7.400M |
YoY Change | 60.93% | -95.6% | -90.72% |
Cash From Operating Activities | $11.75B | -$6.203B | $2.637B |
YoY Change | 345.65% | 365.07% | -514.57% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $6.102M | -$13.11M | $9.815M |
YoY Change | -37.83% | -75.53% | -28.83% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $616.6M | $23.29M | $2.600M |
YoY Change | 23615.38% | -67.36% | -98.94% |
Cash From Investing Activities | $610.5M | $10.18M | -$7.233M |
YoY Change | -8540.45% | -42.74% | -103.11% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | $9.171M | $0.00 | |
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | -$12.19B | 5.973B | -$2.261B |
YoY Change | 439.25% | 234.8% | -792.36% |
NET CHANGE | |||
Cash From Operating Activities | $11.75B | -6.203B | $2.637B |
Cash From Investing Activities | $610.5M | 10.18M | -$7.233M |
Cash From Financing Activities | -$12.19B | 5.973B | -$2.261B |
Net Change In Cash | $170.1M | -219.8M | $368.8M |
YoY Change | -53.88% | -146.97% | -578.52% |
FREE CASH FLOW | |||
Cash From Operating Activities | $11.75B | -$6.203B | $2.637B |
Capital Expenditures | $6.102M | -$13.11M | $9.815M |
Free Cash Flow | $11.75B | -$6.190B | $2.627B |
YoY Change | 347.08% | 383.52% | -504.26% |
Facts In Submission
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|
860005000 | USD |
CY2022Q1 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
431357000 | USD |
CY2021Q1 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
812020000 | USD |
CY2022Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
21930000 | USD |
CY2021Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
47985000 | USD |
CY2022Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.24 | |
CY2021Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.47 | |
CY2022Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.22 | |
CY2021Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.33 | |
CY2022Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
92214594 | shares |
CY2021Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
103104205 | shares |
CY2022Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
1594284381 | shares |
CY2021Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
1605173992 | shares |
CY2020Q4 | us-gaap |
Members Equity
MembersEquity
|
2374280000 | USD |
CY2021Q1 | us-gaap |
Profit Loss
ProfitLoss
|
183756000 | USD |
CY2021Q1 | us-gaap |
Partners Capital Account Distributions
PartnersCapitalAccountDistributions
|
1100000000 | USD |
CY2021Q1 | us-gaap |
Partners Capital Account Acquisitions
PartnersCapitalAccountAcquisitions
|
879122000 | USD |
CY2021Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
0 | USD |
CY2021Q1 | uwmc |
Net Assets Acquired Liabilities Assumed
NetAssetsAcquiredLiabilitiesAssumed
|
-75381000 | USD |
CY2021Q1 | us-gaap |
Dividends Common Stock
DividendsCommonStock
|
160517000 | USD |
CY2021Q1 | us-gaap |
Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
|
2913000 | USD |
CY2021Q1 | us-gaap |
Profit Loss
ProfitLoss
|
676249000 | USD |
CY2021Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
2778036000 | USD |
CY2021Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
3171001000 | USD |
CY2022Q1 | us-gaap |
Profit Loss
ProfitLoss
|
453287000 | USD |
CY2022Q1 | us-gaap |
Dividends Common Stock
DividendsCommonStock
|
9253000 | USD |
CY2022Q1 | us-gaap |
Partners Capital Account Distributions
PartnersCapitalAccountDistributions
|
450621000 | USD |
CY2022Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
1828000 | USD |
CY2022Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
3166242000 | USD |
CY2022Q1 | us-gaap |
Profit Loss
ProfitLoss
|
453287000 | USD |
CY2021Q1 | us-gaap |
Profit Loss
ProfitLoss
|
860005000 | USD |
CY2022Q1 | uwmc |
Reserve For Representations And Warranties
ReserveForRepresentationsAndWarranties
|
7762000 | USD |
CY2022Q1 | us-gaap |
Payments Of Distributions To Affiliates
PaymentsOfDistributionsToAffiliates
|
300444000 | USD |
CY2021Q1 | us-gaap |
Payments Of Distributions To Affiliates
PaymentsOfDistributionsToAffiliates
|
1102914000 | USD |
CY2021Q1 | uwmc |
Reserve For Representations And Warranties
ReserveForRepresentationsAndWarranties
|
9818000 | USD |
CY2022Q1 | uwmc |
Mortgage Servicing Rights Capitalized
MortgageServicingRightsCapitalized
|
645437000 | USD |
CY2021Q1 | uwmc |
Mortgage Servicing Rights Capitalized
MortgageServicingRightsCapitalized
|
599389000 | USD |
CY2022Q1 | uwmc |
Change In Fair Value Of Mortgage Servicing Rights
ChangeInFairValueOfMortgageServicingRights
|
171963000 | USD |
CY2021Q1 | uwmc |
Change In Fair Value Of Mortgage Servicing Rights
ChangeInFairValueOfMortgageServicingRights
|
-59259000 | USD |
CY2022Q1 | uwmc |
Depreciation And Amortization Of Premises And Equipment
DepreciationAndAmortizationOfPremisesAndEquipment
|
11909000 | USD |
CY2021Q1 | uwmc |
Depreciation And Amortization Of Premises And Equipment
DepreciationAndAmortizationOfPremisesAndEquipment
|
7981000 | USD |
CY2022Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
1828000 | USD |
CY2021Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
0 | USD |
CY2022Q1 | uwmc |
Change In Fair Value Of Retained Interest
ChangeInFairValueOfRetainedInterest
|
-10934000 | USD |
CY2021Q1 | uwmc |
Change In Fair Value Of Retained Interest
ChangeInFairValueOfRetainedInterest
|
0 | USD |
CY2022Q1 | us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
-4132000 | USD |
CY2021Q1 | us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
-17304000 | USD |
CY2022Q1 | us-gaap |
Increase Decrease In Mortgage Loans Held For Sale
IncreaseDecreaseInMortgageLoansHeldForSale
|
-12265157000 | USD |
CY2021Q1 | us-gaap |
Increase Decrease In Mortgage Loans Held For Sale
IncreaseDecreaseInMortgageLoansHeldForSale
|
-2413244000 | USD |
CY2022Q1 | us-gaap |
Increase Decrease In Derivative Assets
IncreaseDecreaseInDerivativeAssets
|
174576000 | USD |
CY2021Q1 | us-gaap |
Increase Decrease In Derivative Assets
IncreaseDecreaseInDerivativeAssets
|
52096000 | USD |
CY2022Q1 | us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
173090000 | USD |
CY2021Q1 | us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
309033000 | USD |
CY2022Q1 | us-gaap |
Increase Decrease In Derivative Liabilities
IncreaseDecreaseInDerivativeLiabilities
|
78689000 | USD |
CY2021Q1 | us-gaap |
Increase Decrease In Derivative Liabilities
IncreaseDecreaseInDerivativeLiabilities
|
-10758000 | USD |
CY2022Q1 | us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
91395000 | USD |
CY2021Q1 | us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
275290000 | USD |
CY2022Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
11751763000 | USD |
CY2021Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
2637017000 | USD |
CY2022Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
6102000 | USD |
CY2021Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
9815000 | USD |
CY2022Q1 | us-gaap |
Proceeds From Sale Of Mortgage Servicing Rights Msr
ProceedsFromSaleOfMortgageServicingRightsMSR
|
613532000 | USD |
CY2021Q1 | us-gaap |
Proceeds From Sale Of Mortgage Servicing Rights Msr
ProceedsFromSaleOfMortgageServicingRightsMSR
|
2582000 | USD |
CY2022Q1 | us-gaap |
Proceeds From Collection Of Retained Interest In Securitized Receivables
ProceedsFromCollectionOfRetainedInterestInSecuritizedReceivables
|
3068000 | USD |
CY2021Q1 | us-gaap |
Proceeds From Collection Of Retained Interest In Securitized Receivables
ProceedsFromCollectionOfRetainedInterestInSecuritizedReceivables
|
0 | USD |
CY2022Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
610498000 | USD |
CY2021Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-7233000 | USD |
CY2022Q1 | uwmc |
Interest Rate Lock Commitment Pull Through Rate
InterestRateLockCommitmentPullThroughRate
|
0.83 | |
CY2022Q1 | uwmc |
Proceeds From Payments For Borrowings Under Warehouse Lines Of Credit Net
ProceedsFromPaymentsForBorrowingsUnderWarehouseLinesOfCreditNet
|
-11878109000 | USD |
CY2021Q1 | uwmc |
Proceeds From Payments For Borrowings Under Warehouse Lines Of Credit Net
ProceedsFromPaymentsForBorrowingsUnderWarehouseLinesOfCreditNet
|
-2117657000 | USD |
CY2022Q1 | us-gaap |
Finance Lease Principal Payments
FinanceLeasePrincipalPayments
|
4225000 | USD |
CY2021Q1 | us-gaap |
Finance Lease Principal Payments
FinanceLeasePrincipalPayments
|
2857000 | USD |
CY2022Q1 | us-gaap |
Proceeds From Notes Payable
ProceedsFromNotesPayable
|
0 | USD |
CY2021Q1 | us-gaap |
Proceeds From Notes Payable
ProceedsFromNotesPayable
|
453000 | USD |
CY2022Q1 | us-gaap |
Repayments Of Notes Payable
RepaymentsOfNotesPayable
|
226000 | USD |
CY2021Q1 | us-gaap |
Repayments Of Notes Payable
RepaymentsOfNotesPayable
|
1557000 | USD |
CY2022Q1 | us-gaap |
Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
|
0 | USD |
CY2021Q1 | us-gaap |
Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
|
79700000 | USD |
CY2022Q1 | uwmc |
Proceeds From Business Combination Investing Activity
ProceedsFromBusinessCombinationInvestingActivity
|
0 | USD |
CY2021Q1 | uwmc |
Proceeds From Business Combination Investing Activity
ProceedsFromBusinessCombinationInvestingActivity
|
895134000 | USD |
CY2022Q1 | uwmc |
Costs Incurred Related To Business Combination Investing Activity
CostsIncurredRelatedToBusinessCombinationInvestingActivity
|
0 | USD |
CY2021Q1 | uwmc |
Costs Incurred Related To Business Combination Investing Activity
CostsIncurredRelatedToBusinessCombinationInvestingActivity
|
11260000 | USD |
CY2022Q1 | us-gaap |
Payments Of Dividends
PaymentsOfDividends
|
9171000 | USD |
CY2021Q1 | us-gaap |
Payments Of Dividends
PaymentsOfDividends
|
0 | USD |
CY2021 | uwmc |
Interest Rate Lock Commitment Pull Through Rate
InterestRateLockCommitmentPullThroughRate
|
0.86 | |
CY2022Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-12192175000 | USD |
CY2021Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-2260958000 | USD |
CY2022Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
170086000 | USD |
CY2021Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
368826000 | USD |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
731088000 | USD |
CY2020Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
1223837000 | USD |
CY2022Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
901174000 | USD |
CY2021Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
1592663000 | USD |
CY2022Q1 | us-gaap |
Interest Paid Net
InterestPaidNet
|
37923000 | USD |
CY2021Q1 | us-gaap |
Interest Paid Net
InterestPaidNet
|
36077000 | USD |
CY2022Q1 | us-gaap |
Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
|
11498330 | shares |
CY2022Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Shares Issued In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesIssuedInPeriod
|
925198 | shares |
CY2022Q1 | us-gaap |
Use Of Estimates
UseOfEstimates
|
Use of EstimatesThe preparation of condensed consolidated financial statements in conformity with U.S. 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. | |
CY2021Q1 | uwmc |
Tax Receivable Agreement Liability
TaxReceivableAgreementLiability
|
1900000 | USD |
CY2022Q1 | uwmc |
Increase Decrease In Tax Receivable Agreement
IncreaseDecreaseInTaxReceivableAgreement
|
700000 | USD |
CY2022Q1 | uwmc |
Tax Receivable Agreement Liability
TaxReceivableAgreementLiability
|
14600000 | USD |
CY2022Q1 | us-gaap |
Loans Receivable Held For Sale Net Not Part Of Disposal Group
LoansReceivableHeldForSaleNetNotPartOfDisposalGroup
|
5263246000 | USD |
CY2021Q4 | us-gaap |
Loans Receivable Held For Sale Net Not Part Of Disposal Group
LoansReceivableHeldForSaleNetNotPartOfDisposalGroup
|
17194330000 | USD |
CY2022Q1 | us-gaap |
Receivable With Imputed Interest Premium
ReceivableWithImputedInterestPremium
|
47047000 | USD |
CY2021Q4 | us-gaap |
Receivable With Imputed Interest Premium
ReceivableWithImputedInterestPremium
|
238963000 | USD |
CY2022Q1 | uwmc |
Mortgage Loans Fair Value Adjustment
MortgageLoansFairValueAdjustment
|
-102126000 | USD |
CY2021Q4 | uwmc |
Mortgage Loans Fair Value Adjustment
MortgageLoansFairValueAdjustment
|
40031000 | USD |
CY2022Q1 | us-gaap |
Mortgages Held For Sale Fair Value Disclosure
MortgagesHeldForSaleFairValueDisclosure
|
5208167000 | USD |
CY2021Q4 | us-gaap |
Mortgages Held For Sale Fair Value Disclosure
MortgagesHeldForSaleFairValueDisclosure
|
17473324000 | USD |
CY2022Q1 | us-gaap |
Derivative Assets
DerivativeAssets
|
241932000 | USD |
CY2022Q1 | us-gaap |
Derivative Liabilities
DerivativeLiabilities
|
115430000 | USD |
CY2021Q4 | us-gaap |
Derivative Assets
DerivativeAssets
|
67356000 | USD |
CY2021Q4 | us-gaap |
Derivative Liabilities
DerivativeLiabilities
|
36741000 | USD |
CY2022Q1 | uwmc |
Interest Rate Lock Commitment Pull Through Rate
InterestRateLockCommitmentPullThroughRate
|
0.83 | |
CY2021Q1 | uwmc |
Interest Rate Lock Commitment Pull Through Rate
InterestRateLockCommitmentPullThroughRate
|
0.86 | |
CY2022Q1 | uwmc |
Derivative Settlement Receivable
DerivativeSettlementReceivable
|
184601000 | USD |
CY2021Q4 | uwmc |
Derivative Settlement Receivable
DerivativeSettlementReceivable
|
21987000 | USD |
CY2022Q1 | uwmc |
Servicing Fee Receivables
ServicingFeeReceivables
|
169433000 | USD |
CY2021Q4 | uwmc |
Servicing Fee Receivables
ServicingFeeReceivables
|
136981000 | USD |
CY2022Q1 | uwmc |
Servicing Advances
ServicingAdvances
|
131288000 | USD |
CY2021Q4 | uwmc |
Servicing Advances
ServicingAdvances
|
135117000 | USD |
CY2022Q1 | us-gaap |
Due From Officers Or Stockholders
DueFromOfficersOrStockholders
|
49796000 | USD |
CY2021Q4 | us-gaap |
Due From Officers Or Stockholders
DueFromOfficersOrStockholders
|
44192000 | USD |
CY2022Q1 | uwmc |
Receivables From Sale Of Servicing
ReceivablesFromSaleOfServicing
|
44810000 | USD |
CY2021Q4 | uwmc |
Receivables From Sale Of Servicing
ReceivablesFromSaleOfServicing
|
13503000 | USD |
CY2022Q1 | uwmc |
Warehouse After Deadline Funding
WarehouseAfterDeadlineFunding
|
22102000 | USD |
CY2021Q4 | uwmc |
Warehouse After Deadline Funding
WarehouseAfterDeadlineFunding
|
8510000 | USD |
CY2022Q1 | us-gaap |
Due From Related Parties
DueFromRelatedParties
|
19057000 | USD |
CY2021Q4 | us-gaap |
Due From Related Parties
DueFromRelatedParties
|
56569000 | USD |
CY2022Q1 | us-gaap |
Notes Receivable Related Parties
NotesReceivableRelatedParties
|
111000 | USD |
CY2021Q4 | us-gaap |
Notes Receivable Related Parties
NotesReceivableRelatedParties
|
127000 | USD |
CY2022Q1 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
3590000 | USD |
CY2021Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
1295000 | USD |
CY2022Q1 | us-gaap |
Accounts Receivable Net
AccountsReceivableNet
|
617608000 | USD |
CY2021Q4 | us-gaap |
Accounts Receivable Net
AccountsReceivableNet
|
415691000 | USD |
CY2022Q1 | us-gaap |
Contractually Specified Servicing Fees Amount
ContractuallySpecifiedServicingFeesAmount
|
195950000 | USD |
CY2021Q1 | us-gaap |
Contractually Specified Servicing Fees Amount
ContractuallySpecifiedServicingFeesAmount
|
122306000 | USD |
CY2022Q1 | uwmc |
Late And Ancillary Fee Income Generated By Servicing Financial Assets Amount
LateAndAncillaryFeeIncomeGeneratedByServicingFinancialAssetsAmount
|
2615000 | USD |
CY2021Q1 | uwmc |
Late And Ancillary Fee Income Generated By Servicing Financial Assets Amount
LateAndAncillaryFeeIncomeGeneratedByServicingFinancialAssetsAmount
|
1483000 | USD |
CY2022Q1 | us-gaap |
Contractually Specified Servicing Fees Late Fees And Ancillary Fees Earned In Exchange For Servicing Financial Assets
ContractuallySpecifiedServicingFeesLateFeesAndAncillaryFeesEarnedInExchangeForServicingFinancialAssets
|
198565000 | USD |
CY2021Q1 | us-gaap |
Contractually Specified Servicing Fees Late Fees And Ancillary Fees Earned In Exchange For Servicing Financial Assets
ContractuallySpecifiedServicingFeesLateFeesAndAncillaryFeesEarnedInExchangeForServicingFinancialAssets
|
123789000 | USD |
CY2022Q1 | us-gaap |
Other Assets Miscellaneous
OtherAssetsMiscellaneous
|
11360000 | USD |
CY2021Q4 | us-gaap |
Other Assets Miscellaneous
OtherAssetsMiscellaneous
|
5660000 | USD |
CY2022Q1 | us-gaap |
Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
|
60820000 | USD |
CY2021Q4 | us-gaap |
Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
|
60145000 | USD |
CY2022Q1 | us-gaap |
Prepaid Insurance
PrepaidInsurance
|
24920000 | USD |
CY2021Q4 | us-gaap |
Prepaid Insurance
PrepaidInsurance
|
28249000 | USD |
CY2022Q1 | uwmc |
Prepaid It Service And Maintenance
PrepaidITServiceAndMaintenance
|
24540000 | USD |
CY2021Q4 | uwmc |
Prepaid It Service And Maintenance
PrepaidITServiceAndMaintenance
|
26236000 | USD |
CY2022Q1 | us-gaap |
Long Term Debt
LongTermDebt
|
2000000000 | USD |
CY2021Q4 | us-gaap |
Long Term Debt
LongTermDebt
|
2000000000 | USD |
CY2022Q1 | us-gaap |
Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
|
0.0556 | |
CY2021Q4 | us-gaap |
Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
|
0.0556 | |
CY2022Q1 | uwmc |
Payments For Repurchase Of Loans
PaymentsForRepurchaseOfLoans
|
88200000 | USD |
CY2021Q1 | uwmc |
Payments For Repurchase Of Loans
PaymentsForRepurchaseOfLoans
|
41600000 | USD |
CY2021Q4 | uwmc |
Representation And Warranty Reserve
RepresentationAndWarrantyReserve
|
86762000 | USD |
CY2020Q4 | uwmc |
Representation And Warranty Reserve
RepresentationAndWarrantyReserve
|
69542000 | USD |
CY2022Q1 | uwmc |
Representation And Warranty Reserve Charged To Operations
RepresentationAndWarrantyReserveChargedToOperations
|
7762000 | USD |
CY2021Q1 | uwmc |
Representation And Warranty Reserve Charged To Operations
RepresentationAndWarrantyReserveChargedToOperations
|
9818000 | USD |
CY2022Q1 | uwmc |
Representation And Warranty Reserve Realized Gains Losses
RepresentationAndWarrantyReserveRealizedGainsLosses
|
-10472000 | USD |
CY2021Q1 | uwmc |
Representation And Warranty Reserve Realized Gains Losses
RepresentationAndWarrantyReserveRealizedGainsLosses
|
-10063000 | USD |
CY2022Q1 | uwmc |
Representation And Warranty Reserve
RepresentationAndWarrantyReserve
|
84052000 | USD |
CY2021Q1 | uwmc |
Representation And Warranty Reserve
RepresentationAndWarrantyReserve
|
69297000 | USD |
CY2022Q1 | uwmc |
Commitments To Extend Credit To Potential Borrowers
CommitmentsToExtendCreditToPotentialBorrowers
|
28300000000 | USD |
CY2022Q1 | uwmc |
Percentage Of Beneficial Interest In Securitized Assets
PercentageOfBeneficialInterestInSecuritizedAssets
|
0.05 | |
CY2022Q1 | us-gaap |
Securities Loaned Fair Value Of Collateral
SecuritiesLoanedFairValueOfCollateral
|
135700000 | USD |
CY2022Q1 | uwmc |
Retained Interest
RetainedInterest
|
138400000 | USD |
CY2022Q1 | us-gaap |
Secured Debt
SecuredDebt
|
118800000 | USD |
CY2021Q4 | us-gaap |
Assets Fair Value Disclosure
AssetsFairValueDisclosure
|
21007895000 | USD |
CY2021Q4 | uwmc |
Warrants Fair Value Disclosure
WarrantsFairValueDisclosure
|
9456000 | USD |
CY2022Q1 | us-gaap |
Mortgages Held For Sale Fair Value Disclosure
MortgagesHeldForSaleFairValueDisclosure
|
5208167000 | USD |
CY2022Q1 | us-gaap |
Retained Interest Fair Value Disclosure
RetainedInterestFairValueDisclosure
|
138417000 | USD |
CY2022Q1 | us-gaap |
Assets Fair Value Disclosure
AssetsFairValueDisclosure
|
9102618000 | USD |
CY2022Q1 | uwmc |
Warrants Fair Value Disclosure
WarrantsFairValueDisclosure
|
5324000 | USD |
CY2022Q1 | us-gaap |
Financial Liabilities Fair Value Disclosure
FinancialLiabilitiesFairValueDisclosure
|
120754000 | USD |
CY2021Q4 | us-gaap |
Mortgages Held For Sale Fair Value Disclosure
MortgagesHeldForSaleFairValueDisclosure
|
17473324000 | USD |
CY2021Q4 | us-gaap |
Retained Interest Fair Value Disclosure
RetainedInterestFairValueDisclosure
|
152263000 | USD |
CY2021Q4 | us-gaap |
Financial Liabilities Fair Value Disclosure
FinancialLiabilitiesFairValueDisclosure
|
46197000 | USD |
CY2022Q1 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.0088 | |
CY2021Q1 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.0148 | |
CY2022Q1 | us-gaap |
Effective Income Tax Rate Reconciliation Minority Interest Income Expense
EffectiveIncomeTaxRateReconciliationMinorityInterestIncomeExpense
|
0.94 | |
CY2021Q1 | us-gaap |
Effective Income Tax Rate Reconciliation Minority Interest Income Expense
EffectiveIncomeTaxRateReconciliationMinorityInterestIncomeExpense
|
0.94 | |
CY2022Q1 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
0 | USD |
CY2022Q1 | us-gaap |
Unrecognized Tax Benefits Interest On Income Taxes Expense
UnrecognizedTaxBenefitsInterestOnIncomeTaxesExpense
|
0 | USD |
CY2022Q1 | us-gaap |
Unrecognized Tax Benefits Income Tax Penalties Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesExpense
|
0 | USD |
CY2021Q1 | us-gaap |
Unrecognized Tax Benefits Income Tax Penalties Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesExpense
|
0 | USD |
CY2021Q1 | us-gaap |
Unrecognized Tax Benefits Interest On Income Taxes Expense
UnrecognizedTaxBenefitsInterestOnIncomeTaxesExpense
|
0 | USD |
CY2022Q1 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
1800000 | USD |
CY2022Q1 | us-gaap |
Profit Loss
ProfitLoss
|
453287000 | USD |
CY2021Q1 | us-gaap |
Profit Loss
ProfitLoss
|
860005000 | USD |
CY2022Q1 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
431357000 | USD |
CY2021Q1 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
812020000 | USD |
CY2022Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
21930000 | USD |
CY2021Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
47985000 | USD |
CY2022Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
21930000 | USD |
CY2021Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
47985000 | USD |
CY2022Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
350011000 | USD |
CY2021Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
524151000 | USD |
CY2022Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
92214594 | shares |
CY2021Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
103104205 | shares |
CY2022Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
1594284381 | shares |
CY2021Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
1605173992 | shares |
CY2022Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.24 | |
CY2021Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.47 | |
CY2022Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.22 | |
CY2021Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.33 |