XML 13 R54.htm IDEA: XBRL DOCUMENT

NOTE 21 BUSINESS SEGMENT REPORTING (Tables)

3 Months Ended

Mar. 31, 2013

Schedule of Financial information for segments

	Servicing			Lending			Corporate Items and Other			Corporate Eliminations			Business Segments Consolidated
Results of Operations

Three Months Ended March 31, 2013:

Revenue	$	376,084		$	13,908		$	16,712		$	(45	)	$	406,659
Operating expenses (1)		211,505			11,098			20,968			(45	)		243,526
Income (loss) from operations		164,579			2,810			(4,256	)		—			163,133
Other income (expense), net:
Interest income		(614	)		4,780			1,019			—			5,185
Interest expense (1)		(90,460	)		(2,829	)		(127	)		—			(93,416	)
Other		(26,085	)		267			2,251			—			(23,567	)
Other income (expense), net		(117,159	)		2,218			3,143			—			(111,798	)
Income (loss) before income taxes	$	47,420		$	5,028		$	(1,113	)	$	—		$	51,335

Three Months Ended March 31, 2012:

Revenue	$	164,192		$	—		$	658		$	(304	)	$	164,546
Operating expenses (1)		82,879			—			3,395			(147	)		86,127
Income (loss) from operations		81,313			—			(2,737	)		(157	)		78,419
Other income (expense), net:
Interest income		—			—			2,312			—			2,312
Interest expense (1)		(46,526	)		—			(398	)		—			(46,924	)
Other		(310	)		—			(3,535	)		157			(3,688	)
Other income (expense), net		(46,836	)		—			(1,621	)		157			(48,300	)
Income (loss) before income taxes	$	34,477		$	—		$	(4,358	)	$	—		$	30,119

Total Assets
March 31, 2013	$	5,713,500		$	430,915		$	1,103,600		$	—		$	7,248,015

December 31, 2012	$	4,461,755		$	551,733		$	658,394		$	—		$	5,671,882

March 31, 2012	$	3,530,184		$	—		$	964,327		$	—		$	4,494,511

(1)

Depreciation and amortization expense are as follows:

Schedule of depreciation and amortization expense of business segment

	Servicing		Lending		Corporate Items and Other		Business Segments Consolidated
Three Months Ended March 31, 2013:
Depreciation expense	$	2,699	$	234	$	1,580	$	4,513
Amortization of MSRs		47,883		—		—		47,883
Amortization of debt discount		424		—		—		424
Amortization of debt issuance costs – SSTL		894		—		—		894

Three Months Ended March 31, 2012:
Depreciation expense	$	255	$	—	$	578	$	833
Amortization of MSRs		14,314		—		—		14,314
Amortization of debt discount		745		—		—		745
Amortization of debt issuance costs – SSTL		920		—		—		920

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References+ Details