XML 50 R32.htm IDEA: XBRL DOCUMENT
v3.22.2

Earnings Per Share (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2022
Earnings Per Share [Abstract] |
Schedule of earnings per share | The following table sets forth the computation of basic and diluted net income per common share (amounts in millions, except per share amounts):
| Three Months Ended June 30, |  | Six Months Ended June 30,
Computation of Earnings Per Share | 2022 |  | 2021 |  | 2022 |  | 2021
Net income from continuing operations | $ | 151 |  |  | $ | 427 |  |  | $ | 809 |  |  | $ | 986 |
Less: Undistributed earnings from continuing operations attributable to participating stockholders | — |  |  | 4 |  |  | — |  |  | 9 |
Net income from continuing operations attributable to Mr. Cooper common stockholders | $ | 151 |  |  | $ | 423 |  |  | $ | 809 |  |  | $ | 977 |
Net income from discontinued operations | $ | — |  |  | $ | 12 |  |  | $ | — |  |  | $ | 14 |
Less: Undistributed earnings from discontinued operations attributable to participating stockholders | — |  |  | — |  |  | — |  |  | — |
Net income from discontinued operations attributable to Mr. Cooper common stockholders | $ | — |  |  | $ | 12 |  |  | $ | — |  |  | $ | 14 |
Net income | $ | 151 |  |  | $ | 439 |  |  | $ | 809 |  |  | $ | 1,000 |
Less: Undistributed earnings attributable to participating stockholders | — |  |  | 4 |  |  | — |  |  | 9 |
Net income attributable to common stockholders | $ | 151 |  |  | $ | 435 |  |  | $ | 809 |  |  | $ | 991 |
Earnings from continuing operations per common share attributable to Mr. Cooper: |  |  |  |  |  |  |
Basic | $ | 2.08 |  |  | $ | 4.91 |  |  | $ | 11.04 |  |  | $ | 11.13 |
Diluted | $ | 2.03 |  |  | $ | 4.72 |  |  | $ | 10.74 |  |  | $ | 10.65 |
Earnings from discontinued operations per common share attributable to Mr. Cooper: |  |  |  |  |  |  |
Basic | $ | — |  |  | $ | 0.14 |  |  | $ | — |  |  | $ | 0.16 |
Diluted | $ | — |  |  | $ | 0.13 |  |  | $ | — |  |  | $ | 0.15 |
Earnings per common share attributable to Mr. Cooper: |  |  |  |  |  |  |
Basic | $ | 2.08 |  |  | $ | 5.05 |  |  | $ | 11.04 |  |  | $ | 11.29 |
Diluted | $ | 2.03 |  |  | $ | 4.85 |  |  | $ | 10.74 |  |  | $ | 10.80 |
Weighted average shares of common stock outstanding (in thousands): |  |  |  |  |  |  |
Basic | 72,709 |  |  | 86,142 |  |  | 73,278 |  |  | 87,791 |
Dilutive effect of stock awards | 1,618 |  |  | 2,664 |  |  | 2,052 |  |  | 3,123 |
Dilutive effect of participating securities | — |  |  | 839 |  |  | — |  |  | 839 |
Diluted | 74,327 |  |  | 89,645 |  |  | 75,330 |  |  | 91,753 |

X
- References No definition available. + Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 + Details
Name: | us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration