Company: FOACW
Filing Date: 2025-03-14
Form Type: 10-K
Source: 0001828937-25-000009
Chunk: 139

Company: Finance of America Companies Inc.
Filing Date: 2025-03-14
Form: 10-K
Item: Item 8
Chunk 139
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 same accounting policies as disclosed in Note 2 - Summary of Significant Accounting Policies to the Company’s consolidated financial statements. For purposes of this condensed financial information, the Company’s consolidated subsidiaries are recorded based upon its proportionate share of the subsidiaries net assets (similar to presenting them on the equity method). Since restricted net assets of FOA and its subsidiaries exceed 25% of the consolidated net assets of the Company and its subsidiaries, the accompanying condensed parent company financial statements have been prepared in accordance with Rule 12-04 Schedule 1 of Regulation S-X. Dividends from Subsidiaries

There were no cash dividends paid to the parent from the Company’s consolidated subsidiaries during the years ended December 31, 2024 and 2023. 

29.    Earnings (Loss) Per ShareThe following tables reconcile the numerators and denominators used in the computations of both basic and diluted earnings (loss) per share (in thousands, except share data):For the year ended December 31, 2024For the year ended December 31, 2023Basic earnings (loss) per share:NumeratorNet income (loss) from continuing operations$40,418 $(166,249)Less: Income (loss) from continuing operations attributable to noncontrolling interest(1)22,922 (104,962)Net income (loss) from continuing operations attributable to holders of Class A Common Stock - basic$17,496 $(61,287)Net loss from discontinued operations$(4,727)$(51,909)Less: Loss from discontinued operations attributable to noncontrolling interest(1)(2,719)(33,108)Net loss from discontinued operations attributable to holders of Class A Common Stock - basic$(2,008)$(18,801)DenominatorWeighted average shares of Class A Common Stock outstanding - basic 9,850,903 8,197,753 Basic earnings (loss) per shareContinuing operations$1.78 $(7.48)Discontinued operations(0.21)(2.29)Basic earnings (loss) per share$1.57 $(9.77)(1) The Class A LLC Units of FOA Equity, held by the Continuing Unitholders and AAG/Bloom (collectively “Equity Capital Unitholders”), which comprise the noncontrolling interest in the Company, represents a participating security. Therefore, the numerator was adjusted to reduce net income (loss) by the amount of net income (loss) attributable