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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Revenue      
Servicing and subservicing fees $ 804,425 $ 458,875 $ 321,699
Process management fees 37,067 34,233 33,704
Other revenues 3,514 2,822 4,978
Total revenue 845,006 495,930 360,381
Operating expenses      
Compensation and benefits 122,341 99,844 87,644
Amortization of servicing rights 72,897 42,996 31,455
Servicing and origination 25,537 8,254 6,851
Technology and communications 45,362 33,617 25,644
Professional services 29,236 19,961 42,837
Occupancy and equipment 47,044 23,759 32,924
Other operating expenses 21,508 11,153 9,119
Total operating expenses 363,925 [1],[2] 239,584 [1],[2] 236,474 [1],[2]
Income from operations 481,081 256,346 123,907
Other income (expense)      
Interest income 8,329 8,876 10,859
Interest expense (223,455) (132,770) (85,923)
Gain (loss) on trading securities     (7,968)
Loss on loans held for sale, net (3,364) (4,529) (5,865)
Equity in earnings (losses) of unconsolidated entities 114 (746) 1,371
Other, net (5,197) (4,182) 2,773
Other expense, net (223,573) (133,351) (84,753)
Income from continuing operations before income taxes 257,508 122,995 39,154
Income tax expense 76,585 44,672 5,545
Income from continuing operations 180,923 78,323 33,609
Income from discontinued operations, net of income taxes     4,383
Net income 180,923 78,323 37,992
Net loss (income) attributable to non-controlling interests   8 (8)
Net income attributable to Ocwen stockholders 180,923 78,331 37,984
Preferred stock dividends (145)    
Net income attributable to Ocwen common stockholders $ 180,778 $ 78,331 $ 37,984
Basic earnings per share      
Income from continuing operations (in Dollars per share) $ 1.35 $ 0.75 $ 0.34
Income from discontinued operations (in Dollars per share)     $ 0.04
Net income attributable to Ocwen common stockholders (in Dollars per share) $ 1.35 $ 0.75 $ 0.38
Diluted earnings per share      
Income from continuing operations (in Dollars per share) $ 1.31 $ 0.71 $ 0.32
Income from discontinued operations (in Dollars per share)     $ 0.04
Net income attributable to Ocwen common stockholders (in Dollars per share) $ 1.31 $ 0.71 $ 0.36
Weighted average common shares outstanding      
Basic (in Shares) 133,912,643 104,507,055 100,273,121
Diluted (in Shares) 138,521,279 111,855,961 107,483,015
[1] Intersegment billings for services rendered to other segments are recorded as revenues, as contra-expense or as other income, depending on the type of service that is rendered.
[2] Depreciation and amortization expense are as follows: Servicing Lending Corporate Items and Other Business Segments Consolidated For the year ended December 31, 2012: Depreciation expense $1,469 $8 $4,243 $5,720 Amortization of MSRs 72,897 - - 72,897 Amortization of debt discount 3,259 - - 3,259 Amortization of debt issuance costs - SSTL 3,718 - - 3,718 For the year ended December 31, 2011: Depreciation expense $2,410 $- $1,750 $4,160 Amortization of MSRs 42,996 - - 42,996 Amortization of debt discount 8,853 - - 8,853 Amortization of debt issuance costs - SSTL 9,764 - - 9,764 For the year ended December 31, 2010: Depreciation expense $5,916 $- $1,596 $7,512 Amortization of MSRs 31,455 - - 31,455 Amortization of debt discount 5,217 - 172 5,389 Amortization of debt issuance costs - SSTL 2,086 - - 2,086