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Guarantor Financial Statement Information (Tables) | 12 Months Ended
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Dec. 31, 2019
Condensed Financial Information Disclosure [Abstract] |
Consolidating Balance Sheets | Nationstar Capital Corporation has no assets, operations or liabilities other than being a co-obligor of the unsecured senior notes.
(2) | This note was subsequently redeemed in full in February 2020. See Note 26, Subsequent Events, for further information.
MR. COOPER GROUP INC. CONSOLIDATING BALANCE SHEET DECEMBER 31, 2019
| Successor
| Mr. Cooper |  | Issuer(1) |  | Guarantor (Subsidiaries of Issuer) |  | Non-Guarantor (Subsidiaries of Issuer) |  | Eliminations |  | Consolidated
Assets |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | — |  |  | $ | 287 |  |  | $ | 1 |  |  | $ | 41 |  |  | $ | — |  |  | $ | 329 |
Restricted cash | — |  |  | 175 |  |  | — |  |  | 108 |  |  | — |  |  | 283 |
Mortgage servicing rights | — |  |  | 3,478 |  |  | — |  |  | 24 |  |  | — |  |  | 3,502 |
Advances and other receivables, net | — |  |  | 988 |  |  | — |  |  | — |  |  | — |  |  | 988 |
Reverse mortgage interests, net | — |  |  | 5,312 |  |  | — |  |  | 967 |  |  | — |  |  | 6,279 |
Mortgage loans held for sale at fair value | — |  |  | 4,077 |  |  | — |  |  | — |  |  | — |  |  | 4,077 |
Property and equipment, net | — |  |  | 92 |  |  | — |  |  | 20 |  |  | — |  |  | 112 |
Deferred tax assets, net | 1,273 |  |  | 70 |  |  | — |  |  | 2 |  |  | — |  |  | 1,345 |
Other assets | — |  |  | 1,279 |  |  | 215 |  |  | 751 |  |  | (855 | ) |  | 1,390 |
Investment in subsidiaries | 2,828 |  |  | 698 |  |  | — |  |  | — |  |  | (3,526 | ) |  | — |
Total assets | $ | 4,101 |  |  | $ | 16,456 |  |  | $ | 216 |  |  | $ | 1,913 |  |  | $ | (4,381 | ) |  | $ | 18,305 |
Liabilities and Stockholders’ Equity |  |  |  |  |  |  |  |  |  |  |
Unsecured senior notes, net | $ | 1,667 |  |  | $ | 699 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 2,366 |
Advance facilities, net | — |  |  | 63 |  |  | — |  |  | 359 |  |  | — |  |  | 422 |
Warehouse facilities, net | — |  |  | 4,575 |  |  | — |  |  | — |  |  | — |  |  | 4,575 |
Payables and other liabilities | 63 |  |  | 1,882 |  |  | 1 |  |  | 70 |  |  | — |  |  | 2,016 |
MSR related liabilities - nonrecourse at fair value | — |  |  | 1,334 |  |  | — |  |  | 14 |  |  | — |  |  | 1,348 |
Mortgage servicing liabilities | — |  |  | 61 |  |  | — |  |  | — |  |  | — |  |  | 61 |
Other nonrecourse debt, net | — |  |  | 4,299 |  |  | — |  |  | 987 |  |  | — |  |  | 5,286 |
Payables to affiliates | 140 |  |  | 715 |  |  | — |  |  | — |  |  | (855 | ) |  | — |
Total liabilities | 1,870 |  |  | 13,628 |  |  | 1 |  |  | 1,430 |  |  | (855 | ) |  | 16,074 |
Total stockholders’ equity | 2,231 |  |  | 2,828 |  |  | 215 |  |  | 483 |  |  | (3,526 | ) |  | 2,231 |
Total liabilities and stockholders’ equity | $ | 4,101 |  |  | $ | 16,456 |  |  | $ | 216 |  |  | $ | 1,913 |  |  | $ | (4,381 | ) |  | $ | 18,305 |
(1) | Issuer balances exclude the balances of its guarantor and non-guarantor subsidiaries, as previously described.
MR. COOPER GROUP INC. CONSOLIDATING BALANCE SHEET DECEMBER 31, 2018
| Successor
| Mr. Cooper |  | Issuer(1) |  | Guarantor (Subsidiaries of Issuer) |  | Non-Guarantor (Subsidiaries of Issuer) |  | Eliminations |  | Consolidated
Assets |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | — |  |  | $ | 193 |  |  | $ | 1 |  |  | $ | 48 |  |  | $ | — |  |  | $ | 242 |
Restricted cash | — |  |  | 186 |  |  | — |  |  | 133 |  |  | — |  |  | 319 |
Mortgage servicing rights | — |  |  | 3,644 |  |  | — |  |  | 32 |  |  | — |  |  | 3,676 |
Advances and other receivables, net | — |  |  | 1,194 |  |  | — |  |  | — |  |  | — |  |  | 1,194 |
Reverse mortgage interests, net | — |  |  | 6,770 |  |  | — |  |  | 1,164 |  |  | — |  |  | 7,934 |
Mortgage loans held for sale at fair value | — |  |  | 1,631 |  |  | — |  |  | — |  |  | — |  |  | 1,631 |
Mortgage loans held for investment, net | — |  |  | 1 |  |  | — |  |  | 118 |  |  | — |  |  | 119 |
Property and equipment, net | — |  |  | 84 |  |  | — |  |  | 12 |  |  | — |  |  | 96 |
Deferred tax assets, net | 973 |  |  | — |  |  | — |  |  | (6 | ) |  | — |  |  | 967 |
Other assets | — |  |  | 660 |  |  | 202 |  |  | 621 |  |  | (688 | ) |  | 795 |
Investment in subsidiaries | 2,820 |  |  | 601 |  |  | — |  |  | — |  |  | (3,421 | ) |  | — |
Total assets | $ | 3,793 |  |  | $ | 14,964 |  |  | $ | 203 |  |  | $ | 2,122 |  |  | $ | (4,109 | ) |  | $ | 16,973 |
Liabilities and Stockholders’ Equity |  |  |  |  |  |  |  |  |  |  |  |
Unsecured senior notes, net | $ | 1,660 |  |  | $ | 799 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 2,459 |
Advance facilities, net | — |  |  | 90 |  |  | — |  |  | 505 |  |  | — |  |  | 595 |
Warehouse facilities, net | — |  |  | 2,349 |  |  | — |  |  | — |  |  | — |  |  | 2,349 |
Payables and other liabilities | 49 |  |  | 1,413 |  |  | 1 |  |  | 80 |  |  | — |  |  | 1,543 |
MSR related liabilities - nonrecourse at fair value | — |  |  | 1,197 |  |  | — |  |  | 19 |  |  | — |  |  | 1,216 |
Mortgage servicing liabilities | — |  |  | 71 |  |  | — |  |  | — |  |  | — |  |  | 71 |
Other nonrecourse debt, net | — |  |  | 5,676 |  |  | — |  |  | 1,119 |  |  | — |  |  | 6,795 |
Payables to affiliates | 139 |  |  | 549 |  |  | — |  |  | — |  |  | (688 | ) |  | — |
Total liabilities | 1,848 |  |  | 12,144 |  |  | 1 |  |  | 1,723 |  |  | (688 | ) |  | 15,028 |
Total stockholders’ equity | 1,945 |  |  | 2,820 |  |  | 202 |  |  | 399 |  |  | (3,421 | ) |  | 1,945 |
Total liabilities and stockholders’ equity | $ | 3,793 |  |  | $ | 14,964 |  |  | $ | 203 |  |  | $ | 2,122 |  |  | $ | (4,109 | ) |  | $ | 16,973 |
(1) | Issuer balances exclude the balances of its guarantor and non-guarantor subsidiaries, as previously described.
Consolidating Statements of Operations |
MR. COOPER GROUP INC. CONSOLIDATING STATEMENT OF OPERATIONS SEVEN MONTHS ENDED JULY 31, 2018
| Predecessor
| Nationstar |  | Issuer(1) |  | Guarantor (Subsidiaries of Issuer) |  | Non-Guarantor (Subsidiaries of Issuer) |  | Eliminations |  | Consolidated
Revenues: |  |  |  |  |  |  |  |  |  |  |
Service related, net | $ | — |  |  | $ | 732 |  |  | $ | 16 |  |  | $ | 153 |  |  | $ | — |  |  | $ | 901 |
Net gain on mortgage loans held for sale | — |  |  | 295 |  |  | — |  |  | — |  |  | — |  |  | 295 |
Total revenues | — |  |  | 1,027 |  |  | 16 |  |  | 153 |  |  | — |  |  | 1,196 |
Expenses: |  |  |  |  |  |  |  |  |  |  |
Salaries, wages benefits | — |  |  | 359 |  |  | 3 |  |  | 64 |  |  | — |  |  | 426 |
General and administrative | 27 |  |  | 427 |  |  | 1 |  |  | 64 |  |  | — |  |  | 519 |
Total expenses | 27 |  |  | 786 |  |  | 4 |  |  | 128 |  |  | — |  |  | 945 |
Other income (expenses), net: |  |  |  |  |  |  |  |  |  |  |
Interest income | — |  |  | 299 |  |  | — |  |  | 34 |  |  | — |  |  | 333 |
Interest expense | — |  |  | (364 | ) |  | — |  |  | (24 | ) |  | — |  |  | (388 | )
Other (expenses) income, net | — |  |  | (3 | ) |  | — |  |  | 9 |  |  | — |  |  | 6 |
Gain (loss) from subsidiaries | 181 |  |  | 56 |  |  | — |  |  | — |  |  | (237 | ) |  | — |
Total other income (expenses), net | 181 |  |  | (12 | ) |  | — |  |  | 19 |  |  | (237 | ) |  | (49 | )
Income (loss) before income tax expense | 154 |  |  | 229 |  |  | 12 |  |  | 44 |  |  | (237 | ) |  | 202 |
Less: Income tax expense | — |  |  | 48 |  |  | — |  |  | — |  |  | — |  |  | 48 |
Net income (loss) | 154 |  |  | 181 |  |  | 12 |  |  | 44 |  |  | (237 | ) |  | 154 |
Less: Net income attributable to non-controlling interests | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Net income (loss) attributable to Nationstar | $ | 154 |  |  | $ | 181 |  |  | $ | 12 |  |  | $ | 44 |  |  | $ | (237 | ) |  | $ | 154 |
MR. COOPER GROUP INC. CONSOLIDATING STATEMENT OF OPERATIONS YEAR ENDED DECEMBER 31, 2017
| Predecessor
| Nationstar |  | Issuer(1) |  | Guarantor (Subsidiaries of Issuer) |  | Non-Guarantor (Subsidiaries of Issuer) |  | Eliminations |  | Consolidated
Revenues: |  |  |  |  |  |  |  |  |  |  |
Service related, net | $ | — |  |  | $ | 717 |  |  | $ | 28 |  |  | $ | 298 |  |  | $ | — |  |  | $ | 1,043 |
Net gain on mortgage loans held for sale | — |  |  | 606 |  |  | — |  |  | 1 |  |  | — |  |  | 607 |
Total revenues | — |  |  | 1,323 |  |  | 28 |  |  | 299 |  |  | — |  |  | 1,650 |
Expenses: |  |  |  |  |  |  |  |  |  |  |
Salaries wages and benefits | — |  |  | 605 |  |  | 5 |  |  | 132 |  |  | — |  |  | 742 |
General and administrative | — |  |  | 590 |  |  | 11 |  |  | 132 |  |  | — |  |  | 733 |
Total expenses | — |  |  | 1,195 |  |  | 16 |  |  | 264 |  |  | — |  |  | 1,475 |
Other income (expenses), net: |  |  |  |  |  |  |  |  |  |  |
Interest income | — |  |  | 544 |  |  | — |  |  | 53 |  |  | — |  |  | 597 |
Interest expense | — |  |  | (675 | ) |  | — |  |  | (56 | ) |  | — |  |  | (731 | )
Other (expenses) income, net | — |  |  | (6 | ) |  | — |  |  | 9 |  |  | — |  |  | 3 |
Gain (loss) from subsidiaries | 30 |  |  | 53 |  |  | — |  |  | — |  |  | (83 | ) |  | — |
Total other income (expenses), net | 30 |  |  | (84 | ) |  | — |  |  | 6 |  |  | (83 | ) |  | (131 | )
Income (loss) before income tax expense | 30 |  |  | 44 |  |  | 12 |  |  | 41 |  |  | (83 | ) |  | 44 |
Less: Income tax expense | — |  |  | 13 |  |  | — |  |  | — |  |  | — |  |  | 13 |
Net income (loss) | 30 |  |  | 31 |  |  | 12 |  |  | 41 |  |  | (83 | ) |  | 31 |
Less: Net income attributable to non-controlling interests | — |  |  | 1 |  |  | — |  |  | — |  |  | — |  |  | 1 |
Net income (loss) attributable to Nationstar | $ | 30 |  |  | $ | 30 |  |  | $ | 12 |  |  | $ | 41 |  |  | $ | (83 | ) |  | $ | 30 |
(1) | Issuer activities exclude the activities of its guarantor and non-guarantor subsidiaries, as previously described.
MR. COOPER GROUP INC. CONSOLIDATING STATEMENT OF OPERATIONS YEAR ENDED DECEMBER 31, 2019
| Successor
| Mr. Cooper |  | Issuer(1) |  | Guarantor (Subsidiaries of Issuer) |  | Non-Guarantor (Subsidiaries of Issuer) |  | Eliminations |  | Consolidated
Revenues: |  |  |  |  |  |  |  |  |  |  |
Service related, net | $ | — |  |  | $ | 451 |  |  | $ | 22 |  |  | $ | 436 |  |  | $ | — |  |  | $ | 909 |
Net gain on mortgage loans held for sale | — |  |  | 1,087 |  |  | — |  |  | 11 |  |  | — |  |  | 1,098 |
Total revenues | — |  |  | 1,538 |  |  | 22 |  |  | 447 |  |  | — |  |  | 2,007 |
Expenses: |  |  |  |  |  |  |  |  |  |  |
Salaries, wages benefits | — |  |  | 794 |  |  | 5 |  |  | 158 |  |  | — |  |  | 957 |
General and administrative | — |  |  | 651 |  |  | 2 |  |  | 241 |  |  | — |  |  | 894 |
Total expenses | — |  |  | 1,445 |  |  | 7 |  |  | 399 |  |  | — |  |  | 1,851 |
Other income (expenses), net: |  |  |  |  |  |  |  |  |  |  |
Interest income | — |  |  | 525 |  |  | — |  |  | 80 |  |  | — |  |  | 605 |
Interest expense | (153 | ) |  | (566 | ) |  | — |  |  | (60 | ) |  | — |  |  | (779 | )
Other income (expenses), net | — |  |  | 1 |  |  | (15 | ) |  | 29 |  |  | — |  |  | 15 |
Gain (loss) from subsidiaries | 142 |  |  | 98 |  |  | — |  |  | — |  |  | (240 | ) |  | — |
Total other income (expenses), net | (11 | ) |  | 58 |  |  | (15 | ) |  | 49 |  |  | (240 | ) |  | (159 | )
(Loss) income before income tax expense | (11 | ) |  | 151 |  |  | — |  |  | 97 |  |  | (240 | ) |  | (3 | )
Less: Income tax (benefit) expense | (285 | ) |  | 13 |  |  | — |  |  | (1 | ) |  | — |  |  | (273 | )
Net income (loss) | 274 |  |  | 138 |  |  | — |  |  | 98 |  |  | (240 | ) |  | 270 |
Less: Net loss attributable to non-controlling interests | — |  |  | (4 | ) |  | — |  |  | — |  |  | — |  |  | (4 | )
Net income (loss) attributable to Mr. Cooper | $ | 274 |  |  | $ | 142 |  |  | $ | — |  |  | $ | 98 |  |  | $ | (240 | ) |  | $ | 274 |
(1) | Issuer activities exclude the activities of its guarantor and non-guarantor subsidiaries, as previously described.
MR. COOPER GROUP INC. CONSOLIDATING STATEMENT OF OPERATIONS FIVE MONTHS ENDED DECEMBER 31, 2018
| Successor
| Mr. Cooper |  | Issuer(1) |  | Guarantor (Subsidiaries of Issuer) |  | Non-Guarantor (Subsidiaries of Issuer) |  | Eliminations |  | Consolidated
Revenues: |  |  |  |  |  |  |  |  |  |  |
Service related, net | $ | — |  |  | $ | 233 |  |  | $ | 9 |  |  | $ | 176 |  |  | $ | — |  |  | $ | 418 |
Net gain on mortgage loans held for sale | — |  |  | 175 |  |  | — |  |  | 1 |  |  | — |  |  | 176 |
Total revenues | — |  |  | 408 |  |  | 9 |  |  | 177 |  |  | — |  |  | 594 |
Expenses: |  |  |  |  |  |  |  |  |  |  |
Salaries, wages and benefits | 1 |  |  | 258 |  |  | 2 |  |  | 76 |  |  | — |  |  | 337 |
General and administrative | — |  |  | 262 |  |  | 1 |  |  | 107 |  |  | — |  |  | 370 |
Total expenses | 1 |  |  | 520 |  |  | 3 |  |  | 183 |  |  | — |  |  | 707 |
Other income (expenses), net: |  |  |  |  |  |  |  |  |  |  |
Interest income | — |  |  | 237 |  |  | — |  |  | 19 |  |  | — |  |  | 256 |
Interest expense | (64 | ) |  | (211 | ) |  | — |  |  | (18 | ) |  | — |  |  | (293 | )
Other income, net | 1 |  |  | 11 |  |  | — |  |  | 1 |  |  | — |  |  | 13 |
(Loss) gain from subsidiaries | (44 | ) |  | 2 |  |  | — |  |  | — |  |  | 42 |  |  | — |
Total other income (expenses), net | (107 | ) |  | 39 |  |  | — |  |  | 2 |  |  | 42 |  |  | (24 | )
(Loss) income before income tax benefit | (108 | ) |  | (73 | ) |  | 6 |  |  | (4 | ) |  | 42 |  |  | (137 | )
Less: Income tax benefit | (992 | ) |  | (29 | ) |  | — |  |  | — |  |  | — |  |  | (1,021 | )
Net income (loss) | 884 |  |  | (44 | ) |  | 6 |  |  | (4 | ) |  | 42 |  |  | 884 |
Less: Net loss attributable to non-controlling interests | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Net income (loss) attributable to Mr. Cooper | $ | 884 |  |  | $ | (44 | ) |  | $ | 6 |  |  | $ | (4 | ) |  | $ | 42 |  |  | $ | 884 |
(1) | Issuer activities exclude the activities of its guarantor and non-guarantor subsidiaries, as previously described.
Consolidating Statements of Cash Flows |
MR. COOPER GROUP INC. CONSOLIDATING STATEMENT OF CASH FLOWS SEVEN MONTHS ENDED JULY 31, 2018
| Predecessor
| Nationstar |  | Issuer(1) |  | Guarantor (Subsidiaries of Issuer) |  | Non-Guarantor (Subsidiaries of Issuer) |  | Eliminations |  | Consolidated
Operating Activities |  |  |  |  |  |  |  |  |  |  |
Net income (loss) | $ | 154 |  |  | $ | 181 |  |  | $ | 12 |  |  | $ | 44 |  |  | $ | (237 | ) |  | $ | 154 |
Adjustment to reconcile net income (loss) to net cash attributable to operating activities: |  |  |  |  |  |  |  |  |  |  |
Deferred tax expense | — |  |  | 63 |  |  | — |  |  | — |  |  | — |  |  | 63 |
(Gain) loss from subsidiaries | (181 | ) |  | (56 | ) |  | — |  |  | — |  |  | 237 |  |  | — |
Net gain on mortgage loans held for sale | — |  |  | (295 | ) |  | — |  |  | — |  |  | — |  |  | (295 | )
Interest income on reverse mortgage loans | — |  |  | (274 | ) |  | — |  |  | — |  |  | — |  |  | (274 | )
Gain on sale of assets | — |  |  | — |  |  | — |  |  | (9 | ) |  | — |  |  | (9 | )
MSL related increased obligation | — |  |  | 59 |  |  | — |  |  | — |  |  | — |  |  | 59 |
Provision for servicing reserves | — |  |  | 70 |  |  | — |  |  | — |  |  | — |  |  | 70 |
Fair value changes and amortization/accretion of mortgage servicing rights/liabilities | — |  |  | (178 | ) |  | — |  |  | 1 |  |  | — |  |  | (177 | )
Fair value changes in excess spread financing | — |  |  | 81 |  |  | — |  |  | — |  |  | — |  |  | 81 |
Fair value changes in mortgage servicing rights financing liability | — |  |  | 16 |  |  | — |  |  | — |  |  | — |  |  | 16 |
Amortization of premiums, net of discount accretion | — |  |  | 11 |  |  | — |  |  | (3 | ) |  | — |  |  | 8 |
Depreciation and amortization for property and equipment and intangible assets | — |  |  | 26 |  |  | — |  |  | 7 |  |  | — |  |  | 33 |
Share-based compensation | — |  |  | 16 |  |  | — |  |  | 1 |  |  | — |  |  | 17 |
Other loss | — |  |  | 3 |  |  | — |  |  | — |  |  | — |  |  | 3 |
Repurchases of forward loans assets out of Ginnie Mae securitizations | — |  |  | (544 | ) |  | — |  |  | — |  |  | — |  |  | (544 | )
Mortgage loans originated and purchased for sale, net of fees | — |  |  | (12,328 | ) |  | — |  |  | — |  |  | — |  |  | (12,328 | )
Sales proceeds and loan payment proceeds for mortgage loans held for sale and held for investment | — |  |  | 13,381 |  |  | — |  |  | 11 |  |  | — |  |  | 13,392 |
Changes in assets and liabilities: |  |  |  |  |  |  |  |  |  |  |  |
Advances and other receivables | — |  |  | 377 |  |  | — |  |  | — |  |  | — |  |  | 377 |
Reverse mortgage interests | — |  |  | 1,866 |  |  | — |  |  | (265 | ) |  | — |  |  | 1,601 |
Other assets | 9 |  |  | (294 | ) |  | (12 | ) |  | 256 |  |  | — |  |  | (41 | )
Payables and other liabilities | 27 |  |  | 65 |  |  | — |  |  | (4 | ) |  | — |  |  | 88 |
Net cash attributable to operating activities | 9 |  |  | 2,246 |  |  | — |  |  | 39 |  |  | — |  |  | 2,294 |
(1) | Issuer activities exclude the activities of its guarantor and non-guarantor subsidiaries, as previously described.
MR COOPER GROUP INC. CONSOLIDATING STATEMENT OF CASH FLOWS SEVEN MONTHS ENDED JULY 31, 2018 (Continued)
| Predecessor
| Nationstar |  | Issuer(1) |  | Guarantor (Subsidiaries of Issuer) |  | Non-Guarantor (Subsidiaries of Issuer) |  | Eliminations |  | Consolidated
Investing Activities |  |  |  |  |  |  |  |  |  |  |
Property and equipment additions, net of disposals | — |  |  | (35 | ) |  | — |  |  | (5 | ) |  | — |  |  | (40 | )
Purchase of forward mortgage servicing rights, net of liabilities incurred | — |  |  | (127 | ) |  | — |  |  | (7 | ) |  | — |  |  | (134 | )
Net payment related to acquisition of HECM related receivables | — |  |  | (1 | ) |  | — |  |  | — |  |  | — |  |  | (1 | )
Proceeds on sale of assets | — |  |  | — |  |  | — |  |  | 13 |  |  | — |  |  | 13 |
Net cash attributable to investing activities | — |  |  | (163 | ) |  | — |  |  | 1 |  |  | — |  |  | (162 | )
Financing Activities |  |  |  |  |  |  |  |  |  |  |
Decrease in warehouse facilities | — |  |  | (585 | ) |  | — |  |  | — |  |  | — |  |  | (585 | )
Decrease in advance facilities | — |  |  | (55 | ) |  | — |  |  | (250 | ) |  | — |  |  | (305 | )
Proceeds from issuance of HECM securitizations | — |  |  | — |  |  | — |  |  | 759 |  |  | — |  |  | 759 |
Repayment of HECM securitizations | — |  |  | — |  |  | — |  |  | (448 | ) |  | — |  |  | (448 | )
Proceeds from issuance of participating interest financing in reverse mortgage interests | — |  |  | 208 |  |  | — |  |  | — |  |  | — |  |  | 208 |
Repayment of participating interest financing in reverse mortgage interests | — |  |  | (1,599 | ) |  | — |  |  | — |  |  | — |  |  | (1,599 | )
Proceeds from issuance of excess spread financing | — |  |  | 70 |  |  | — |  |  | — |  |  | — |  |  | 70 |
Repayment of excess spread financing | — |  |  | (3 | ) |  | — |  |  | — |  |  | — |  |  | (3 | )
Settlement of excess spread financing | — |  |  | (105 | ) |  | — |  |  | — |  |  | — |  |  | (105 | )
Repayment of nonrecourse debt - legacy assets | — |  |  | — |  |  | — |  |  | (7 | ) |  | — |  |  | (7 | )
Repurchase of unsecured senior notes | — |  |  | (62 | ) |  | — |  |  | — |  |  | — |  |  | (62 | )
Repurchase of common stock | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Surrender of shares relating to stock vesting | (9 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | (9 | )
Debt financing costs | — |  |  | (24 | ) |  | — |  |  | — |  |  | — |  |  | (24 | )
Dividends to non-controlling interests | — |  |  | (1 | ) |  | — |  |  | — |  |  | — |  |  | (1 | )
Net cash attributable to financing activities | (9 | ) |  | (2,156 | ) |  | — |  |  | 54 |  |  | — |  |  | (2,111 | )
Net (decrease) increase in cash and cash equivalents | — |  |  | (73 | ) |  | — |  |  | 94 |  |  | — |  |  | 21 |
Cash and cash equivalents - beginning of period | — |  |  | 423 |  |  | 1 |  |  | 151 |  |  | — |  |  | 575 |
Cash and cash equivalents - end of period | $ | — |  |  | $ | 350 |  |  | $ | 1 |  |  | $ | 245 |  |  | $ | — |  |  | $ | 596 |
(1) | Issuer activities exclude the activities of its guarantor and non-guarantor subsidiaries, as previously described.
MR. COOPER GROUP INC. CONSOLIDATING STATEMENT OF CASH FLOWS YEAR ENDED DECEMBER 31, 2019
| Successor
| Mr. Cooper |  | Issuer(1) |  | Guarantor (Subsidiaries of Issuer) |  | Non-Guarantor (Subsidiaries of Issuer) |  | Eliminations |  | Consolidated
Operating Activities |  |  |  |  |  |  |  |  |  |  |
Net income (loss) | $ | 274 |  |  | $ | 138 |  |  | $ | — |  |  | $ | 98 |  |  | $ | (240 | ) |  | $ | 270 |
Adjustment to reconcile net income (loss) to net cash attributable to operating activities: |  |  |  |  |  |  |  |  |  |  |
Deferred tax benefit | (286 | ) |  | (77 | ) |  | — |  |  | (3 | ) |  | — |  |  | (366 | )
(Gain) loss from subsidiaries | (142 | ) |  | (98 | ) |  | — |  |  | — |  |  | 240 |  |  | — |
Net gain on mortgage loans held for sale | — |  |  | (1,087 | ) |  | — |  |  | (11 | ) |  | — |  |  | (1,098 | )
Interest income on reverse mortgage loans | — |  |  | (264 | ) |  | — |  |  | (43 | ) |  | — |  |  | (307 | )
Loss on sale of assets | — |  |  | 2 |  |  | — |  |  | — |  |  | — |  |  | 2 |
Provision for servicing reserves | — |  |  | 66 |  |  | — |  |  | — |  |  | — |  |  | 66 |
Fair value changes and amortization/accretion of mortgage servicing rights/liabilities | — |  |  | 997 |  |  | — |  |  | 8 |  |  | — |  |  | 1,005 |
Fair value changes in excess spread financing | — |  |  | (164 | ) |  | — |  |  | (5 | ) |  | — |  |  | (169 | )
Fair value changes in mortgage servicing rights financing liability | — |  |  | 5 |  |  | — |  |  | — |  |  | — |  |  | 5 |
Fair value changes in mortgage loans held for investment | — |  |  | — |  |  | — |  |  | (3 | ) |  | — |  |  | (3 | )
Amortization of premiums, net of discount accretion | 7 |  |  | (18 | ) |  | — |  |  | (21 | ) |  | — |  |  | (32 | )
Depreciation and amortization for property and equipment and intangible assets | — |  |  | 75 |  |  | — |  |  | 16 |  |  | — |  |  | 91 |
Share-based compensation | — |  |  | 16 |  |  | — |  |  | 2 |  |  | — |  |  | 18 |
Other loss | — |  |  | 3 |  |  | — |  |  | 8 |  |  | — |  |  | 11 |
Repurchases of forward loans assets out of Ginnie Mae securitizations | — |  |  | (2,895 | ) |  | — |  |  | — |  |  | — |  |  | (2,895 | )
Mortgage loans originated and purchased for sale, net of fees | — |  |  | (40,269 | ) |  | — |  |  | 12 |  |  | — |  |  | (40,257 | )
Sales proceeds and loan payment proceeds for mortgage loans held for sale and held for investment | — |  |  | 41,809 |  |  | — |  |  | 139 |  |  | — |  |  | 41,948 |
Changes in assets and liabilities: |  |  |  |  |  |  |  |  |  |  |
Advances and other receivables | — |  |  | 228 |  |  | — |  |  | — |  |  | — |  |  | 228 |
Reverse mortgage interests | — |  |  | 2,035 |  |  | — |  |  | 157 |  |  | — |  |  | 2,192 |
Other assets | 147 |  |  | 11 |  |  | — |  |  | (80 | ) |  | — |  |  | 78 |
Payables and other liabilities | — |  |  | (70 | ) |  | — |  |  | (15 | ) |  | — |  |  | (85 | )
Net cash attributable to operating activities | — |  |  | 443 |  |  | — |  |  | 259 |  |  | — |  |  | 702 |
(1) | Issuer activities exclude the activities of its guarantor and non-guarantor subsidiaries, as previously described.
MR COOPER GROUP INC. CONSOLIDATING STATEMENT OF CASH FLOWS YEAR ENDED DECEMBER 31, 2019 (Continued)
| Successor
| Mr. Cooper |  | Issuer(1) |  | Guarantor (Subsidiaries of Issuer) |  | Non-Guarantor (Subsidiaries of Issuer) |  | Eliminations |  | Consolidated
Investing Activities |  |  |  |  |  |  |  |  |  |  |
Acquisition, net of cash acquired | — |  |  | (85 | ) |  | — |  |  | — |  |  | — |  |  | (85 | )
Property and equipment additions, net of disposals | — |  |  | (34 | ) |  | — |  |  | (15 | ) |  | — |  |  | (49 | )
Purchase of forward mortgage servicing rights, net of liabilities incurred | — |  |  | (547 | ) |  | — |  |  | — |  |  | — |  |  | (547 | )
Proceeds on sale of forward and reverse mortgage servicing rights | — |  |  | 343 |  |  | — |  |  | — |  |  | — |  |  | 343 |
Net cash attributable to investing activities | — |  |  | (323 | ) |  | — |  |  | (15 | ) |  | — |  |  | (338 | )
Financing Activities |  |  |  |  |  |  |  |  |  |  |
Increase in warehouse facilities | — |  |  | 1,704 |  |  | — |  |  | — |  |  | — |  |  | 1,704 |
Decrease in advance facilities | — |  |  | (40 | ) |  | — |  |  | (146 | ) |  | — |  |  | (186 | )
Repayment of notes payable | — |  |  | (294 | ) |  | — |  |  | — |  |  | — |  |  | (294 | )
Proceeds from issuance of HECM securitizations | — |  |  | — |  |  | — |  |  | 751 |  |  | — |  |  | 751 |
Proceeds from sale of HECM securitizations | — |  |  | — |  |  | — |  |  | 20 |  |  | — |  |  | 20 |
Repayment of HECM securitizations | — |  |  | — |  |  | — |  |  | (870 | ) |  | — |  |  | (870 | )
Proceeds from issuance of participating interest financing | — |  |  | 277 |  |  | — |  |  | — |  |  | — |  |  | 277 |
Repayment of participating interest financing | — |  |  | (1,868 | ) |  | — |  |  | — |  |  | — |  |  | (1,868 | )
Proceeds from issuance of excess spread financing | — |  |  | 542 |  |  | — |  |  | — |  |  | — |  |  | 542 |
Repayment of excess spread financing | — |  |  | (27 | ) |  | — |  |  | — |  |  | — |  |  | (27 | )
Settlement of excess spread financing | — |  |  | (219 | ) |  | — |  |  | — |  |  | — |  |  | (219 | )
Repayment of nonrecourse debt - legacy assets | — |  |  | — |  |  | — |  |  | (29 | ) |  | — |  |  | (29 | )
Redemption and repayment of unsecured senior notes | — |  |  | (100 | ) |  | — |  |  | — |  |  | — |  |  | (100 | )
Repayment of finance lease liability | — |  |  | (4 | ) |  | — |  |  | — |  |  | — |  |  | (4 | )
Surrender of shares relating to stock vesting | — |  |  | (2 | ) |  | — |  |  | — |  |  | — |  |  | (2 | )
Debt financing costs | — |  |  | (6 | ) |  | — |  |  | (2 | ) |  | — |  |  | (8 | )
Net cash attributable to financing activities | — |  |  | (37 | ) |  | — |  |  | (276 | ) |  | — |  |  | (313 | )
Net increase (decrease) in cash and cash equivalents | — |  |  | 83 |  |  | — |  |  | (32 | ) |  | — |  |  | 51 |
Cash and cash equivalents - beginning of period | — |  |  | 379 |  |  | 1 |  |  | 181 |  |  | — |  |  | 561 |
Cash and cash equivalents - end of period | $ | — |  |  | $ | 462 |  |  | $ | 1 |  |  | $ | 149 |  |  | $ | — |  |  | $ | 612 |
(1) | Issuer activities exclude the activities of its guarantor and non-guarantor subsidiaries, as previously described.
MR. COOPER GROUP INC. CONSOLIDATING STATEMENT OF CASH FLOWS FIVE MONTHS ENDED DECEMBER 31, 2018
| Successor
| Mr. Cooper |  | Issuer(1) |  | Guarantor (Subsidiaries of Issuer) |  | Non-Guarantor (Subsidiaries of Issuer) |  | Eliminations |  | Consolidated
Operating Activities |  |  |  |  |  |  |  |  |  |  |
Net income (loss) | $ | 884 |  |  | $ | (44 | ) |  | $ | 6 |  |  | $ | (4 | ) |  | $ | 42 |  |  | $ | 884 |
Adjustments to reconcile net income (loss) to net cash attributable to operating activities: |  |  |  |  |  |  |  |  |  |  |  |
Deferred tax benefit | (971 | ) |  | (49 | ) |  | — |  |  | (1 | ) |  | — |  |  | (1,021 | )
Loss (gain) from subsidiaries | 44 |  |  | (2 | ) |  | — |  |  | — |  |  | (42 | ) |  | — |
Net gain on mortgage loans held for sale | — |  |  | (175 | ) |  | — |  |  | (1 | ) |  | — |  |  | (176 | )
Interest income on reverse mortgage loans | — |  |  | (206 | ) |  | — |  |  | — |  |  | — |  |  | (206 | )
Provision for servicing reserves | — |  |  | 38 |  |  | — |  |  | — |  |  | — |  |  | 38 |
Fair value changes and amortization/accretion of mortgage servicing rights/liabilities | — |  |  | 225 |  |  | — |  |  | — |  |  | — |  |  | 225 |
Fair value changes in excess spread financing | — |  |  | 6 |  |  | — |  |  | (1 | ) |  | — |  |  | 5 |
Fair value changes in mortgage servicing rights financing liability | — |  |  | 6 |  |  | — |  |  | — |  |  | — |  |  | 6 |
Fair value changes in mortgage loans held for investment | — |  |  | — |  |  | — |  |  | (2 | ) |  | — |  |  | (2 | )
Amortization of premiums, net of discount accretion | 3 |  |  | 7 |  |  | — |  |  | (1 | ) |  | — |  |  | 9 |
Depreciation and amortization for property and equipment and intangible assets | — |  |  | 33 |  |  | — |  |  | 6 |  |  | — |  |  | 39 |
Share-based compensation | — |  |  | 1 |  |  | — |  |  | 1 |  |  | — |  |  | 2 |
Other loss (gain) | — |  |  | 1 |  |  | — |  |  | (1 | ) |  | — |  |  | — |
Repurchases of forward loans assets out of Ginnie Mae securitizations | — |  |  | (527 | ) |  | — |  |  | — |  |  | — |  |  | (527 | )
Mortgage loans originated and purchased for sale, net of fees | — |  |  | (8,888 | ) |  | — |  |  | — |  |  | — |  |  | (8,888 | )
Sales proceeds and loan payment proceeds for mortgage loans held for sale and held for investment | — |  |  | 9,389 |  |  | — |  |  | 16 |  |  | — |  |  | 9,405 |
Changes in assets and liabilities: |  |  |  |  |  |  |  |  |  |  |  |
Advances and other receivables | — |  |  | 43 |  |  | — |  |  | — |  |  | — |  |  | 43 |
Reverse mortgage interests | — |  |  | 1,569 |  |  | — |  |  | (25 | ) |  | — |  |  | 1,544 |
Other assets | 1 |  |  | (18 | ) |  | (6 | ) |  | (38 | ) |  | — |  |  | (61 | )
Payables and other liabilities | 28 |  |  | (130 | ) |  | — |  |  | 34 |  |  | — |  |  | (68 | )
Net cash attributable to operating activities | (11 | ) |  | 1,279 |  |  | — |  |  | (17 | ) |  | — |  |  | 1,251 |
(1) | Issuer activities exclude the activities of its guarantor and non-guarantor subsidiaries, as previously described.
MR. COOPER GROUP INC. CONSOLIDATING STATEMENT OF CASH FLOWS FIVE MONTHS ENDED DECEMBER 31, 2018 (Continued)
| Successor
| Mr. Cooper |  | Issuer(1) |  | Guarantor (Subsidiaries of Issuer) |  | Non-Guarantor (Subsidiaries of Issuer) |  | Eliminations |  | Consolidated
Investing Activities |  |  |  |  |  |  |  |  |  |  |
Acquisition, net of cash acquired | — |  |  | — |  |  | — |  |  | (33 | ) |  | — |  |  | (33 | )
Property and equipment additions, net of disposals | — |  |  | (18 | ) |  | — |  |  | 3 |  |  | — |  |  | (15 | )
Purchase of forward mortgage servicing rights, net of liabilities incurred | — |  |  | (313 | ) |  | — |  |  | 6 |  |  | — |  |  | (307 | )
Proceeds on sale of forward and reverse mortgage servicing rights | — |  |  | 105 |  |  | — |  |  | — |  |  | — |  |  | 105 |
Net cash attributable to investing activities | — |  |  | (226 | ) |  | — |  |  | (24 | ) |  | — |  |  | (250 | )
Financing Activities |  |  |  |  |  |  |  |  |  |  |
Decrease in warehouse facilities | — |  |  | (351 | ) |  | — |  |  | — |  |  | — |  |  | (351 | )
Increase in advance facilities | — |  |  | 40 |  |  | — |  |  | 5 |  |  | — |  |  | 45 |
Proceeds from issuance of HECM securitizations | — |  |  | — |  |  | — |  |  | 343 |  |  | — |  |  | 343 |
Repayment of HECM securitizations | — |  |  | — |  |  | — |  |  | (374 | ) |  | — |  |  | (374 | )
Proceeds from issuance of participating interest financing | — |  |  | 112 |  |  | — |  |  | — |  |  | — |  |  | 112 |
Repayment of participating interest financing | — |  |  | (943 | ) |  | — |  |  | — |  |  | — |  |  | (943 | )
Proceeds from issuance of excess spread financing | — |  |  | 255 |  |  | — |  |  | — |  |  | — |  |  | 255 |
Repayment of excess spread financing | — |  |  | (38 | ) |  | — |  |  | — |  |  | — |  |  | (38 | )
Settlement of excess spread financing | — |  |  | (77 | ) |  | — |  |  | — |  |  | — |  |  | (77 | )
Repayment of nonrecourse debt - legacy assets | — |  |  | — |  |  | — |  |  | (6 | ) |  | — |  |  | (6 | )
Redemption and repayment of unsecured senior notes | — |  |  | (1,030 | ) |  | — |  |  | — |  |  | — |  |  | (1,030 | )
Proceeds from non-controlling interests | — |  |  | 3 |  |  | — |  |  | — |  |  | — |  |  | 3 |
Debt financing costs | — |  |  | (3 | ) |  | — |  |  | 1 |  |  | — |  |  | (2 | )
Net cash attributable to financing activities | — |  |  | (2,032 | ) |  | — |  |  | (31 | ) |  | — |  |  | (2,063 | )
Net decrease in cash and cash equivalents | (11 | ) |  | (979 | ) |  | — |  |  | (72 | ) |  | — |  |  | (1,062 | )
Cash and cash equivalents - beginning of period | 11 |  |  | 1,358 |  |  | 1 |  |  | 253 |  |  | — |  |  | 1,623 |
Cash and cash equivalents - end of period | $ | — |  |  | $ | 379 |  |  | $ | 1 |  |  | $ | 181 |  |  | $ | — |  |  | $ | 561 |
(1) | Issuer activities exclude the activities of its guarantor and non-guarantor subsidiaries, as previously described.
MR. COOPER GROUP INC. CONSOLIDATING STATEMENT OF CASH FLOWS YEAR ENDED DECEMBER 31, 2017
| Predecessor
| Nationstar |  | Issuer(1) |  | Guarantor (Subsidiaries of Issuer) |  | Non- Guarantor (Subsidiaries of Issuer) |  | Eliminations |  | Consolidated
Operating Activities |  |  |  |  |  |  |  |  |  |  |
Net income (loss) | $ | 30 |  |  | $ | 31 |  |  | $ | 12 |  |  | $ | 41 |  |  | $ | (83 | ) |  | $ | 31 |
Adjustments to reconcile net income (loss) to net cash attributable to operating activities: |  |  |  |  |  |  |  |  |  |  |
Deferred tax benefit | — |  |  | (46 | ) |  | — |  |  | — |  |  | — |  |  | (46 | )
(Gain) loss from subsidiaries | (30 | ) |  | (53 | ) |  | — |  |  | — |  |  | 83 |  |  | — |
Net gain on mortgage loans held for sale | — |  |  | (606 | ) |  | — |  |  | (1 | ) |  | — |  |  | (607 | )
Interest income on reverse mortgage loans | — |  |  | (490 | ) |  | — |  |  | — |  |  | — |  |  | (490 | )
Loss (gain) on sale of assets | — |  |  | 1 |  |  | — |  |  | (9 | ) |  | — |  |  | (8 | )
Provision for servicing reserves | — |  |  | 148 |  |  | — |  |  | — |  |  | — |  |  | 148 |
Fair value changes and amortization/accretion of mortgage servicing rights/liabilities | — |  |  | 430 |  |  | — |  |  | — |  |  | — |  |  | 430 |
Fair value changes in excess spread financing | — |  |  | 15 |  |  | — |  |  | (3 | ) |  | — |  |  | 12 |
Fair value changes in mortgage servicing rights financing liability | — |  |  | (17 | ) |  | — |  |  | — |  |  | — |  |  | (17 | )
Amortization of premiums, net of discount accretion | — |  |  | 73 |  |  | — |  |  | 9 |  |  | — |  |  | 82 |
Depreciation and amortization for property and equipment and intangible assets | — |  |  | 45 |  |  | — |  |  | 14 |  |  | — |  |  | 59 |
Share-based compensation | — |  |  | 12 |  |  | — |  |  | 5 |  |  | — |  |  | 17 |
Other loss | — |  |  | 6 |  |  | — |  |  | — |  |  | — |  |  | 6 |
Repurchases of forward loans assets out of Ginnie Mae securitizations | — |  |  | (1,249 | ) |  | — |  |  | — |  |  | — |  |  | (1,249 | )
Mortgage loans originated and purchased for sale, net of fees | — |  |  | (19,159 | ) |  | — |  |  | — |  |  | — |  |  | (19,159 | )
Sales proceeds and loan payment proceeds for mortgage loans held for sale and held for investment | — |  |  | 20,760 |  |  | — |  |  | 16 |  |  | — |  |  | 20,776 |
Changes in assets and liabilities: |  |  |  |  |  |  |  |  |  |  |
Advances and other receivables | — |  |  | (30 | ) |  | — |  |  | — |  |  | — |  |  | (30 | )
Reverse mortgage interests | — |  |  | 1,829 |  |  | — |  |  | (157 | ) |  | — |  |  | 1,672 |
Other assets | 4 |  |  | (103 | ) |  | (12 | ) |  | 36 |  |  | — |  |  | (75 | )
Payables and other liabilities | — |  |  | (180 | ) |  | (1 | ) |  | (12 | ) |  | — |  |  | (193 | )
Net cash attributable to operating activities | 4 |  |  | 1,417 |  |  | (1 | ) |  | (61 | ) |  | — |  |  | 1,359 |
(1) | Issuer activities exclude the activities of its guarantor and non-guarantor subsidiaries, as previously described.
MR. COOPER GROUP INC. CONSOLIDATING STATEMENT OF CASH FLOWS YEAR ENDED DECEMBER 31, 2017 (Continued)
| Predecessor
| Nationstar |  | Issuer(1) |  | Guarantor (Subsidiaries of Issuer) |  | Non- Guarantor (Subsidiaries of Issuer) |  | Eliminations |  | Consolidated
Investing Activities |  |  |  |  |  |  |  |  |  |  |
Property and equipment additions, net of disposals | — |  |  | (37 | ) |  | — |  |  | (5 | ) |  | — |  |  | (42 | )
Purchase of forward mortgage servicing rights, net of liabilities incurred | — |  |  | (56 | ) |  | — |  |  | (7 | ) |  | — |  |  | (63 | )
Net proceeds from acquisition of reverse mortgage servicing portfolio and HECM-related receivables | — |  |  | 16 |  |  | — |  |  | — |  |  | — |  |  | 16 |
Proceeds on sale of forward and reverse mortgage servicing rights | — |  |  | 71 |  |  | — |  |  | — |  |  | — |  |  | 71 |
Proceeds on sale of assets | — |  |  | 16 |  |  | — |  |  | — |  |  | — |  |  | 16 |
Purchase of cost-method investment | — |  |  | (4 | ) |  | — |  |  | — |  |  | — |  |  | (4 | )
Net cash attributable to investing activities | — |  |  | 6 |  |  | — |  |  | (12 | ) |  | — |  |  | (6 | )
Financing Activities |  |  |  |  |  |  |  |  |  |  |
Increase in warehouse facilities | — |  |  | 863 |  |  | — |  |  | — |  |  | — |  |  | 863 |
Decrease in advance facilities | — |  |  | (81 | ) |  | — |  |  | (160 | ) |  | — |  |  | (241 | )
Proceeds from issuance of HECM securitizations | — |  |  | — |  |  | — |  |  | 707 |  |  | — |  |  | 707 |
Repayment of HECM securitizations | — |  |  | (1 | ) |  | — |  |  | (571 | ) |  | — |  |  | (572 | )
Proceeds from issuance of participating interest financing in reverse mortgage interests | — |  |  | 575 |  |  | — |  |  | — |  |  | — |  |  | 575 |
Repayment of participating interest financing in reverse mortgage interests | — |  |  | (2,597 | ) |  | — |  |  | — |  |  | — |  |  | (2,597 | )
Repayment of excess spread financing | — |  |  | (23 | ) |  | — |  |  | — |  |  | — |  |  | (23 | )
Settlement of excess spread financing | — |  |  | (207 | ) |  | — |  |  | — |  |  | — |  |  | (207 | )
Repayment of nonrecourse debt - legacy assets | — |  |  | — |  |  | — |  |  | (15 | ) |  | — |  |  | (15 | )
Redemption and repayment of unsecured senior notes | — |  |  | (123 | ) |  | — |  |  | — |  |  | — |  |  | (123 | )
Surrender of shares relating to stock vesting | (4 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | (4 | )
Debt financing costs | — |  |  | (13 | ) |  | — |  |  | — |  |  | — |  |  | (13 | )
Dividends to non-controlling interests | — |  |  | (5 | ) |  | — |  |  | — |  |  | — |  |  | (5 | )
Net cash attributable to financing activities | (4 | ) |  | (1,612 | ) |  | — |  |  | (39 | ) |  | — |  |  | (1,655 | )
Net decrease in cash and cash equivalents | — |  |  | (189 | ) |  | (1 | ) |  | (112 | ) |  | — |  |  | (302 | )
Cash and cash equivalents - beginning of period | — |  |  | 612 |  |  | 2 |  |  | 263 |  |  | — |  |  | 877 |
Cash and cash equivalents - end of period | $ | — |  |  | $ | 423 |  |  | $ | 1 |  |  | $ | 151 |  |  | $ | — |  |  | $ | 575 |
(1) | Issuer activities exclude the activities of its guarantor and non-guarantor subsidiaries, as previously described.

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