Company: FOACW
Filing Date: 2025-05-23
Form Type: 10-Q/A
Source: 0001828937-25-000042
Chunk: 24

Company: Finance of America Companies Inc.
Filing Date: 2025-05-23
Form: 10-Q/A
Chunk 24
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     |                                        | -42,747 |
| Net loss from discontinued operations attributable to noncontrolling interest       |     |                                          |  -98 |     |                                          | -2,336 |     |                                        | -2,719 |     |                                        | -27,553 |
| Net income (loss) from discontinued operations attributable to controlling interest |     | $                                        | -105 |     | $                                        |    479 |     | $                                      | -2,008 |     | $                                      | -15,194 |

(1) The Company evaluates the carrying value of long-lived assets, including intangible assets, fixed assets, leasehold improvements as well as right-of-use assets in operating leases when indicators of impairment exist in accordance with Accounting Standards Codification (“ASC”) 360, Property, Plant, and Equipment. Based on the analyses, the Company recognized impairment charges in the three and six months ended June 30, 2023, related to the sales of the previously reported Lender Services and Commercial Originations segments.

(2) Includes a $ 3.0million contingent liability related to our discontinued operations for the six months ended June 30, 2024 and gains on disposalsof $ 12.2million and $ 2.0million for the three and six months ended June 30, 2023, respectively. The gains on disposals consist of a $ 12.2million gain on the sale of the remaining assets of the Lender Services segment and a $ 10.2million loss on the sale of our commercial originations operational assets.

#### 29
| Finance of America Companies Inc.                                
 Notes to Condensed Consolidated Financial Statements (Unaudited) |

The Condensed Consolidated Statements of Cash Flows for the six months ended June 30, 2024 and 2023 included the following material activities related to discontinued operations (in thousands):

|                                                                              |     | For the six months ended June 30, 2024 |   |     | For the six months ended June 30, 2023 |       |
|:-----------------------------------------------------------------------------|:----|:---------------------------------------|:--|:----|:---------------------------------------|------:|
| Gain on sale and other income from loans held for sale, net                  |     | $                                      | — |     | $                                      |   278 |
| Unrealized fair value changes on loans, related obligations, and derivatives |     |                                        | — |     |                                        |   308