Summary - Funding Rounds

Founding Date

1994
Nationstar Mortgage Holdings is a subsidiary of Mr. Cooper Group

Nationstar Mortgage Holdings Income Statement

Annual

USDFY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

984.3m2.1b2.0b2.0b1.9b1.7b

Revenue growth, %

(5%)1%(4%)

Sales and marketing expense

5.3m41.6m

R&D expense

6.7m

General and administrative expense

201.6m678.5m682.5m925.0m831.0m733.0m

Operating expense total

214.1m678.5m724.7m925.0m831.0m733.0m

Depreciation and amortization

54.0m

Interest expense

197.3m338.5m516.4m246.9m242.0m131.0m

Interest income

179.6m350.8m425.0m597.0m

Investment income

(14.6m)

Pre tax profit

276.6m346.3m285.9m54.2m29.0m44.0m

Income tax expense

71.3m129.2m64.9m11.0m13.0m13.0m

Net Income

205.3m217.1m220.7m38.8m19.0m30.0m

Nationstar Mortgage Holdings Balance Sheet

Annual

USDFY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

152.6m441.9m299.0m613.2m489.0m215.0m

Accounts Receivable

3.0b5.6b2.5b

Inventories

PP&E

75.0m119.2m129.6m142.8m121.0m

Total Assets

7.1b14.0b11.1b16.7b19.6b18.0b

Accounts Payable

631.4m1.3b1.3b1.3b62.5m1.2b

Short-term debt

Long-term debt

Total Debt

14.0b

Total Liabilities

6.4b13.0b9.9b14.9b17.9b16.3b

Common Stock

905.0k906.0k910.0k1.1m1.0m

Preferred Stock

Additional Paid-in Capital

556.1m566.6m587.4m1.1b1.1b1.1b

Retained Earnings

205.3m422.3m643.1m681.8m701.0m731.0m

Total Equity

757.7m989.9m1.2b1.8b1.7b1.7b

Debt to Equity Ratio

14.1 x

Debt to Assets Ratio

1 x

Financial Leverage

9.4 x14.2 x9.1 x9.4 x11.6 x10.5 x

Quarterly

USDQ1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Cash

356.0m15.9m430.8m220.0m385.9m275.3m404.1m623.9m269.7m815.8m562.9m596.6m461.0m624.0m695.0m443.0m184.0m224.0m187.0m185.0m

Accounts Receivable

521.6m2.5b2.9b3.6b3.4b7.6b4.1b2.8b3.1b

PP&E

25.1m39.1m48.7m77.4m100.7m110.2m119.3m123.7m121.6m131.9m134.2m137.9m142.2m142.0m149.0m136.0m133.0m127.0m123.0m123.0m

Goodwill

61.4m71.0m

Total Assets

2.2b4.9b5.9b8.9b12.0b17.1b11.6b11.2b10.9b12.6b17.3b17.0b16.6b16.5b15.8b18.7b18.3b18.0b17.9b17.2b

Accounts Payable

241.3m639.8m762.3m1.5b1.2b1.3b1.2b1.1b1.3b1.4b1.4b1.3b1.1b1.1b1.2b1.2b1.1b1.2b1.2b1.3b

Total Debt

20.0b9.2b8.0b7.1b

Total Liabilities

1.6b4.3b5.2b8.1b11.0b16.0b10.6b10.1b9.7b11.0b15.6b15.3b15.0b15.0b14.4b17.1b16.6b16.3b16.0b15.2b

Common Stock

892.0k892.0k904.0k908.0k908.0k906.0k906.0k906.0k910.0k1.1m1.1m1.1m1.1m1.0m1.0m1.0m1.0m1.0m1.0m1.0m

Preferred Stock

Additional Paid-in Capital

542.3m550.8m553.4m561.6m564.4m562.3m571.6m580.3m586.9m1.1b1.1b1.1b1.1b1.1b1.1b1.1b1.1b1.1b1.1b1.1b

Retained Earnings

50.2m86.5m141.5m267.9m391.4m473.2m446.4m512.8m624.1m594.7m669.3m603.0m549.4m458.0m503.0m703.0m683.0m690.0m891.0m949.0m

Total Equity

593.3m633.1m691.2m824.3m952.4m1.0b1.0b1.1b1.2b1.7b1.8b1.7b1.6b1.4b1.5b1.7b1.7b1.7b1.9b1.9b

Debt to Equity Ratio

19.3 x9.1 x7.4 x5.9 x

Debt to Assets Ratio

1.2 x0.8 x0.7 x0.6 x

Financial Leverage

3.7 x7.7 x8.6 x10.8 x12.6 x16.5 x11.5 x10.3 x9.1 x7.5 x9.9 x10 x10.5 x11.4 x10.7 x11.1 x11 x10.7 x9.5 x8.9 x

Nationstar Mortgage Holdings Cash Flow

Annual

USDFY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

205.3m217.1m220.7m38.8m19.0m30.0m

Depreciation and Amortization

9.6m26.6m40.2m53.5m63.0m59.0m

Accounts Receivable

(752.5m)(857.1m)322.5m323.3m566.0m(30.0m)

Accounts Payable

299.3m647.3m(20.0m)(56.6m)21.0m(238.0m)

Cash From Operating Activities

(2.0b)(1.8b)1.1b417.8m971.0m1.1b

Purchases of PP&E

(88.2m)(18.0m)(45.8m)

Capital Expenditures

(25.4m)(48.9m)(56.4m)(57.0m)(62.0m)(42.0m)

Cash From Investing Activities

(2.2b)(1.4b)254.8m(5.6b)(3.7b)(6.0m)

Short-term Borrowings

255.7m

Long-term Borrowings

(9.7m)(161.2m)(713.0m)(572.0m)

Dividends Paid

(5.0m)

Cash From Financing Activities

4.2b3.5b(1.5b)5.5b2.6b(1.4b)

Net Change in Cash

90.2m289.3m(142.9m)314.2m(124.0m)(274.0m)

Interest Paid

154.9m441.3m515.2m430.6m694.0m765.0m

Income Taxes Paid

42.6m114.5m1.8m30.2m17.0m102.0m

Free Cash Flow

(2.0b)(1.9b)1.0b360.8m909.0m1.1b

Quarterly

USDQ1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Net Income

50.2m86.5m141.5m62.6m123.5m90.5m201.7m(48.3m)26.2m(40.1m)(132.4m)(224.0m)(179.0m)2.0m(18.0m)(11.0m)160.0m218.0m

Depreciation and Amortization

1.5m3.4m6.4m3.9m5.8m20.4m30.0m12.9m26.6m41.3m23.1m44.0m66.0m14.0m29.0m44.0m15.0m29.0m

Accounts Receivable

40.7m(61.3m)(268.4m)81.1m96.1m(12.1m)844.7m601.5m95.4m217.6m419.3m152.5m290.0m519.0m148.0m112.0m55.0m270.0m355.0m

Accounts Payable

109.2m314.0m231.9m(104.9m)(260.6m)(25.5m)2.9m38.7m(127.0m)(159.9m)(217.0m)(139.0m)(250.0m)(348.0m)(284.0m)1.0m48.0m

Cash From Operating Activities

135.3m(356.6m)(619.9m)(372.2m)(2.5b)617.3m831.6m1.2b(660.3m)(297.1m)(61.4m)(331.4m)(296.0m)585.0m531.0m736.0m1.0b937.0m1.9b

Purchases of PP&E

(18.0m)(18.0m)(31.3m)(45.3m)(44.9m)

Capital Expenditures

(2.6m)(8.1m)(20.7m)(6.3m)(23.7m)(41.6m)(12.0m)(27.1m)(44.1m)(13.1m)(26.0m)(47.0m)(13.0m)(25.0m)(34.0m)(16.0m)(31.0m)

Cash From Investing Activities

(2.4m)(2.0b)(2.1b)(327.8m)(2.4b)104.4m314.0m207.5m(239.3m)(5.4b)(5.5b)(51.0m)(9.0m)(65.0m)(17.0m)(24.0m)(5.0m)(21.0m)(142.0m)

Short-term Borrowings

(904.8m)75.3m151.3m79.0m209.0m458.0m164.0m214.0m298.0m293.0m339.0m

Long-term Borrowings

(26.8m)(63.0m)(102.7m)(286.0m)(362.0m)(624.0m)(75.0m)(176.0m)(484.0m)(317.0m)(423.0m)

Dividends Paid

(5.0m)(5.0m)(1.0m)

Cash From Financing Activities

160.6m2.3b3.1b767.4m5.1b(759.5m)(963.6m)(1.6b)1.4b5.9b5.8b230.2m316.0m(438.0m)(560.0m)(1.0b)(1.3b)(939.0m)(1.8b)

Net Change in Cash

293.5m(46.6m)368.4m67.4m122.6m(37.8m)182.0m(172.2m)516.8m263.9m297.6m(152.3m)11.0m82.0m(46.0m)(305.0m)(265.0m)(23.0m)(80.0m)

Interest Paid

46.4m78.2m51.8m282.4m123.1m257.0k386.0k110.1m263.0m319.4m166.9m339.0m510.0m199.0m399.0m577.0m191.0m373.0m

Income Taxes Paid

9.1m18.2m46.1m112.4m(25.5m)(15.8m)(609.0k)9.7m30.8m15.4m28.0m29.0m2.0m70.0m92.0m1.0m36.0m

Free Cash Flow

132.7m(364.7m)(640.6m)(378.5m)807.9m1.2b(672.3m)(324.2m)(105.4m)(344.5m)(322.0m)538.0m518.0m711.0m1.0b921.0m1.8b

Nationstar Mortgage Holdings Ratios

USDQ1, 2012

Financial Leverage

3.7 x

Nationstar Mortgage Holdings Employee Rating

3.1777 votes
Culture & Values
3
Work/Life Balance
3.1
Senior Management
2.6
Salary & Benefits
3.2
Career Opportunities
3
Source