Quarterly Results of Operations (Unaudited)

12 Months Ended

Dec. 31, 2020

Quarterly Financial Information Disclosure [Abstract]

Quarterly Results of Operations (Unaudited)

Note 27 — Quarterly Results of Operations (Unaudited)


	Quarters Ended
	December 31, 2020		September 30, 2020		June 30, 2020		March 31, 2020
Revenue	$	231,011	$	249,035	$	227,024	$	253,842
MSR valuation adjustments, net (1)	(20,553)		(33,814)		(23,434)		(174,120)
Operating expenses	144,159		149,522		144,809		137,214

Other income (expense), net	(67,108)		(77,073)		(64,937)		(29,853)
Income (loss) before income taxes	(809)		(11,374)		(6,156)		(87,345)
Income tax expense (benefit)	6,414		(1,954)		(8,110)		(61,856)




Net income (loss) attributable to Ocwen stockholders	$	(7,223)	$	(9,420)	$	1,954	$	(25,489)

Earnings (loss) per share attributable to Ocwen stockholders (2)
Basic	$	(0.83)	$	(1.09)	$	0.23	$	(2.84)
Diluted	(0.83)		(1.09)		0.23		(2.84)


	Quarters Ended
	December 31, 2019		September 30, 2019		June 30, 2019		March 31, 2019
Revenue	$	261,634	$	283,515	$	274,338	$	303,888
MSR valuation adjustments, net (1)	829		134,561		(147,268)		(108,998)
Operating expenses	139,321		179,285		184,226		171,107

Other income (expense), net	(85,899)		(277,108)		(27,177)		(64,867)
Income (loss) before income taxes	37,243		(38,317)		(84,333)		(41,084)
Income tax expense	2,370		4,450		5,404		3,410
Net income (loss) attributable to Ocwen stockholders	$	34,873	$	(42,767)	$	(89,737)	$	(44,494)

Earnings (loss) per share attributable to Ocwen stockholders (2)
Basic	$	3.88	$	(4.77)	$	(10.01)	$	(4.98)
Diluted	3.87		(4.77)		(10.01)		(4.98)

(1)Positive valuation adjustments indicated in the above table represent fair value gains, and negative valuation adjustments represent fair value losses.

(2)Earnings (loss) per share amounts have been adjusted retrospectively to give effect to the one-for-15 reverse stock split effective on August 13, 2020 as if it occurred at the beginning of the first period presented