Restatement and Revision of Previously Issued Consolidated Financial Statements (Tables)

12 Months Ended

Dec. 31, 2013

Accounting Changes and Error Corrections [Abstract]

In addition, our previously reported 2013 annual period has been revised for the effects of retrospective measurement period adjustments related to the ResCap Acquisition, which are not the result of an accounting error and do not represent a “restatement” under GAAP, as more fully described in Note 3 — Business Acquisitions.



	Consolidated Balance Sheet as of December 31, 2013
	As Reported		Restatement			Purchase Price Adjustments			As Restated and Revised
Advances	$	892,188	$	—		$	(1,356	)	$	890,832
Goodwill	416,558		—			3,643			420,201
Deferred tax assets, net	116,558		(987		)	—			115,571
Other assets	127,313		—			51,933			179,246
Total assets	7,873,770		(987		)	54,220			7,927,003
Financing liabilities	1,284,229		(17,256		)	—			1,266,973
Other liabilities	590,375		—			54,220			644,595
Total liabilities	6,017,087		(17,256		)	54,220			6,054,051
Retained earnings	986,694		16,269			—			1,002,963
Total stockholders’ equity	1,796,322		16,269			—			1,812,591
Total liabilities, mezzanine equity and stockholders’ equity	7,873,770		(987		)	54,220			7,927,003



	Consolidated Statement of Operations for the Year Ended December 31, 2013
	As Reported			Restatement		Purchase Price Adjustments		As Restated and Revised
Interest expense	$	(412,842	)	$	17,256	$	—	$	(395,586	)
Total other expense, net	(401,756		)	17,256		—		(384,500		)
Income before income taxes	335,223			17,256		—		352,479
Income tax expense	41,074			987		—		42,061
Net income	294,149			16,269		—		310,418
Net income attributable to Ocwen stockholders	294,149			16,269		—		310,418
Net income attributable to Ocwen common stockholders	282,129			16,269		—		298,398
Earnings per share attributable to Ocwen common stockholders
Basic	$	2.08		$	0.12	$	—	$	2.20
Diluted	$	2.02		$	0.11	$	—	$	2.13



	Consolidated Statement of Comprehensive Income for the Year Ended December 31, 2013
	As Reported		Restatement		Purchase Price Adjustments		As Restated and Revised
Net Income	$	294,149	$	16,269	$	—	$	310,418
Comprehensive income	290,439		16,269		—		306,708
Comprehensive income attributable to Ocwen stockholders	290,439		16,269		—		306,708



	Consolidated Statement of Changes in Equity for the Year Ended December 31, 2013
	As Reported		Restatement		Purchase Price Adjustments		As Restated and Revised
Net Income	$	294,149	$	16,269	$	—	$	310,418



	Consolidated Statement of Cash Flows for the Year Ended December 31, 2013
	As Reported			Restatement			Purchase Price Adjustments		As Restated and Revised
Net income	$	294,149		$	16,269		$	—	$	310,418
Adjustments to reconcile net income to net cash provided by operating activities:
Increase in deferred tax assets, net	(22,112		)	987			—		(21,125		)
Net cash provided by operating activities	867,163			17,256			—		884,419
Repayments of other borrowings	(8,787,302		)	(17,256		)	—		(8,804,558		)
Net cash provided by financing activities	1,506,197			(17,256		)	—		1,488,941

- Definition

Tabular disclosure of prior period adjustments to previously issued financial statements including (1) the effect of the correction on each financial statement line item and any per-share amounts affected for each prior period presented (2) the cumulative effect of the change on retained earnings or other appropriate components of equity or net assets in the statement of financial position, as of the beginning of the earliest period presented, and (3) the effect of the prior period adjustments (both gross and net of applicable income tax) on the net income of each prior period presented in the entity's annual report for the year in which the adjustments are made.

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