Ocwen Financial Corp
NYSE:OCN
Income Statement
Earnings Waterfall
Ocwen Financial Corp
Revenue
|
1.1B
USD
|
Cost of Revenue
|
-57.3m
USD
|
Gross Profit
|
1B
USD
|
Operating Expenses
|
-587m
USD
|
Operating Income
|
422.4m
USD
|
Other Expenses
|
-486.1m
USD
|
Net Income
|
-63.7m
USD
|
Income Statement
Ocwen Financial Corp
Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
2 038
N/A
|
2 183
+7%
|
2 192
+0%
|
2 174
-1%
|
2 111
-3%
|
2 071
-2%
|
1 981
-4%
|
1 872
-5%
|
1 741
-7%
|
1 562
-10%
|
1 471
-6%
|
1 426
-3%
|
1 387
-3%
|
1 378
-1%
|
1 317
-4%
|
1 242
-6%
|
1 195
-4%
|
1 133
-5%
|
1 075
-5%
|
1 029
-4%
|
1 063
+3%
|
1 107
+4%
|
1 127
+2%
|
1 173
+4%
|
1 123
-4%
|
1 073
-4%
|
1 026
-4%
|
991
-3%
|
961
-3%
|
915
-5%
|
953
+4%
|
987
+4%
|
1 050
+6%
|
1 074
+2%
|
1 031
-4%
|
997
-3%
|
954
-4%
|
984
+3%
|
1 034
+5%
|
1 040
+1%
|
1 067
+3%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(112)
|
(132)
|
(136)
|
(152)
|
(203)
|
(261)
|
(277)
|
(329)
|
(345)
|
(339)
|
(376)
|
(338)
|
(280)
|
(252)
|
(227)
|
(236)
|
(143)
|
(186)
|
(182)
|
(183)
|
(285)
|
(374)
|
(481)
|
(445)
|
(230)
|
(422)
|
(294)
|
(314)
|
(329)
|
(162)
|
(221)
|
(198)
|
(224)
|
(231)
|
(151)
|
(136)
|
(65)
|
(66)
|
(65)
|
(61)
|
(57)
|
|
Gross Profit |
1 926
N/A
|
2 051
+6%
|
2 055
+0%
|
2 022
-2%
|
1 909
-6%
|
1 810
-5%
|
1 703
-6%
|
1 543
-9%
|
1 397
-9%
|
1 223
-12%
|
1 095
-10%
|
1 088
-1%
|
1 107
+2%
|
1 126
+2%
|
1 090
-3%
|
1 006
-8%
|
1 052
+5%
|
671
-36%
|
616
-8%
|
569
-8%
|
778
+37%
|
733
-6%
|
646
-12%
|
728
+13%
|
894
+23%
|
652
-27%
|
732
+12%
|
678
-7%
|
632
-7%
|
752
+19%
|
732
-3%
|
789
+8%
|
827
+5%
|
843
+2%
|
879
+4%
|
861
-2%
|
889
+3%
|
918
+3%
|
969
+6%
|
978
+1%
|
1 009
+3%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(1 189)
|
(1 275)
|
(1 246)
|
(1 339)
|
(1 412)
|
(1 384)
|
(1 374)
|
(1 255)
|
(1 134)
|
(1 090)
|
(1 085)
|
(1 007)
|
(944)
|
(919)
|
(840)
|
(833)
|
(856)
|
(743)
|
(672)
|
(615)
|
(648)
|
(568)
|
(587)
|
(514)
|
(565)
|
(399)
|
(364)
|
(483)
|
(493)
|
(467)
|
(463)
|
(459)
|
(496)
|
(434)
|
(403)
|
(312)
|
(478)
|
(594)
|
(619)
|
(702)
|
(587)
|
|
Selling, General & Administrative |
(812)
|
(852)
|
(815)
|
(938)
|
(1 018)
|
(1 049)
|
(1 091)
|
(994)
|
(959)
|
(951)
|
(976)
|
(944)
|
(878)
|
(837)
|
(761)
|
(732)
|
(755)
|
(728)
|
(670)
|
(634)
|
(622)
|
(609)
|
(629)
|
(636)
|
(564)
|
(538)
|
(501)
|
(476)
|
(474)
|
(468)
|
(466)
|
(458)
|
(472)
|
(470)
|
(468)
|
(472)
|
(438)
|
(427)
|
(371)
|
(346)
|
(336)
|
|
Depreciation & Amortization |
(283)
|
(297)
|
(290)
|
(271)
|
(250)
|
(227)
|
(195)
|
(153)
|
(99)
|
(74)
|
(50)
|
0
|
(33)
|
(35)
|
(40)
|
(53)
|
(52)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Other Operating Expenses |
(94)
|
(125)
|
(141)
|
(130)
|
(144)
|
(107)
|
(88)
|
(108)
|
(75)
|
(66)
|
(59)
|
(64)
|
(33)
|
(46)
|
(39)
|
(48)
|
(49)
|
(16)
|
(2)
|
19
|
(26)
|
41
|
42
|
122
|
(2)
|
138
|
137
|
(7)
|
(19)
|
1
|
3
|
(0)
|
(23)
|
36
|
65
|
160
|
(40)
|
(168)
|
(247)
|
(356)
|
(251)
|
|
Operating Income |
737
N/A
|
776
+5%
|
810
+4%
|
683
-16%
|
496
-27%
|
426
-14%
|
330
-23%
|
288
-13%
|
263
-9%
|
133
-49%
|
10
-93%
|
81
+713%
|
164
+104%
|
207
+26%
|
250
+21%
|
174
-31%
|
196
+13%
|
204
+4%
|
221
+8%
|
231
+4%
|
131
-43%
|
165
+26%
|
60
-64%
|
214
+259%
|
329
+54%
|
252
-23%
|
368
+46%
|
195
-47%
|
138
-29%
|
285
+106%
|
269
-5%
|
330
+23%
|
331
+0%
|
409
+24%
|
477
+17%
|
549
+15%
|
411
-25%
|
324
-21%
|
351
+8%
|
276
-21%
|
422
+53%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(407)
|
(452)
|
(469)
|
(479)
|
(519)
|
(498)
|
(487)
|
(473)
|
(464)
|
(452)
|
(418)
|
(411)
|
(394)
|
(372)
|
(363)
|
(300)
|
(347)
|
(315)
|
(312)
|
(326)
|
(89)
|
(63)
|
(14)
|
18
|
(97)
|
(100)
|
(98)
|
(96)
|
(93)
|
(93)
|
(99)
|
(108)
|
(114)
|
(108)
|
(103)
|
(105)
|
(122)
|
(151)
|
(172)
|
(184)
|
(188)
|
|
Non-Reccuring Items |
(9)
|
11
|
8
|
7
|
(418)
|
(420)
|
(420)
|
(420)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
64
|
0
|
0
|
69
|
5
|
0
|
0
|
(5)
|
(5)
|
(21)
|
(21)
|
(16)
|
(15)
|
(0)
|
1
|
1
|
1
|
0
|
0
|
1
|
1
|
|
Gain/Loss on Disposition of Assets |
0
|
0
|
0
|
0
|
0
|
26
|
57
|
98
|
84
|
59
|
29
|
(6)
|
9
|
8
|
8
|
9
|
11
|
11
|
10
|
3
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Total Other Income |
15
|
18
|
8
|
3
|
(3)
|
(7)
|
(16)
|
(13)
|
(13)
|
(14)
|
(5)
|
12
|
15
|
22
|
25
|
9
|
(3)
|
(9)
|
(15)
|
(17)
|
(177)
|
(218)
|
(218)
|
(472)
|
(363)
|
(325)
|
(364)
|
(162)
|
(146)
|
(178)
|
(173)
|
(208)
|
(206)
|
(255)
|
(297)
|
(345)
|
(265)
|
(247)
|
(246)
|
(184)
|
(294)
|
|
Pre-Tax Income |
336
N/A
|
353
+5%
|
356
+1%
|
214
-40%
|
(443)
N/A
|
(472)
-7%
|
(537)
-14%
|
(520)
+3%
|
(130)
+75%
|
(275)
-112%
|
(384)
-40%
|
(325)
+15%
|
(206)
+37%
|
(135)
+35%
|
(80)
+41%
|
(109)
-36%
|
(144)
-32%
|
(109)
+25%
|
(95)
+12%
|
(109)
-14%
|
(72)
+34%
|
(118)
-64%
|
(174)
-48%
|
(172)
+1%
|
(127)
+26%
|
(173)
-37%
|
(95)
+45%
|
(68)
+28%
|
(106)
-56%
|
(7)
+94%
|
(23)
-236%
|
(1)
+95%
|
(4)
-272%
|
45
N/A
|
77
+70%
|
100
+30%
|
25
-75%
|
(75)
N/A
|
(68)
+9%
|
(91)
-35%
|
(58)
+36%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(40)
|
(44)
|
(46)
|
(40)
|
(26)
|
(24)
|
(16)
|
(24)
|
(117)
|
(118)
|
(106)
|
(88)
|
7
|
14
|
2
|
15
|
113
|
113
|
115
|
93
|
3
|
2
|
(2)
|
(6)
|
(16)
|
(15)
|
(2)
|
(2)
|
2
|
(64)
|
(56)
|
(49)
|
10
|
75
|
60
|
62
|
1
|
2
|
0
|
(5)
|
(6)
|
|
Income from Continuing Operations |
297
|
308
|
310
|
174
|
(470)
|
(496)
|
(553)
|
(544)
|
(247)
|
(392)
|
(490)
|
(413)
|
(199)
|
(121)
|
(78)
|
(94)
|
(31)
|
4
|
19
|
(16)
|
(68)
|
(115)
|
(175)
|
(177)
|
(142)
|
(188)
|
(96)
|
(70)
|
(104)
|
(70)
|
(79)
|
(50)
|
5
|
120
|
137
|
161
|
26
|
(73)
|
(68)
|
(96)
|
(64)
|
|
Income to Minority Interest |
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
1
|
1
|
1
|
1
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Net Income (Common) |
285
N/A
|
298
+5%
|
301
+1%
|
170
-44%
|
(473)
N/A
|
(498)
-5%
|
(554)
-11%
|
(545)
+2%
|
(247)
+55%
|
(393)
-59%
|
(490)
-25%
|
(414)
+16%
|
(200)
+52%
|
(121)
+39%
|
(78)
+35%
|
(94)
-20%
|
(128)
-36%
|
(93)
+28%
|
(78)
+16%
|
(113)
-45%
|
(71)
+37%
|
(118)
-66%
|
(178)
-51%
|
(179)
-1%
|
(142)
+21%
|
(123)
+13%
|
(31)
+74%
|
2
N/A
|
(40)
N/A
|
(6)
+85%
|
(18)
-202%
|
13
N/A
|
18
+44%
|
68
+274%
|
88
+31%
|
104
+17%
|
26
-75%
|
(73)
N/A
|
(67)
+7%
|
(96)
-42%
|
(64)
+34%
|
|
EPS (Diluted) |
30.61
N/A
|
31.69
+4%
|
32.69
+3%
|
19.52
-40%
|
-53.7
N/A
|
-58.55
-9%
|
-65.17
-11%
|
-64.84
+1%
|
-29.4
+55%
|
-47.31
-61%
|
-59.01
-25%
|
-49.81
+16%
|
-24.07
+52%
|
-14.59
+39%
|
-9.42
+35%
|
-10.91
-16%
|
-15.05
-38%
|
-10.31
+31%
|
-8.77
+15%
|
-12.68
-45%
|
-7.95
+37%
|
-13.22
-66%
|
-19.73
-49%
|
-19.92
-1%
|
-15.78
+21%
|
-13.67
+13%
|
-3.6
+74%
|
0.22
N/A
|
-4.62
N/A
|
-0.68
+85%
|
-2.04
-200%
|
1.33
N/A
|
1.92
+44%
|
6.99
+264%
|
9.42
+35%
|
11.69
+24%
|
2.85
-76%
|
-9.63
N/A
|
-8.51
+12%
|
-11.89
-40%
|
-8.34
+30%
|