Company: FOACW
Filing Date: 2025-03-14
Form Type: 10-K
Source: 0001828937-25-000009
Chunk: 196

Company: Finance of America Companies Inc.
Filing Date: 2025-03-14
Form: 10-K
Item: Item 3
Chunk 196
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,000 shares authorized; 10,360,299 and 10,059,924 shares issued, respectively, and 9,934,449 and 9,634,074 shares outstanding, respectively1 1 Class B Common Stock, $0.0001 par value; 1,000,000 shares authorized; 15 shares issued and outstanding, respectively— — Additional paid-in capital954,469 946,938 Accumulated deficit(698,895)(714,383)Accumulated other comprehensive loss(276)(249)Noncontrolling interest60,365 40,100 TOTAL EQUITY315,664 272,407 TOTAL LIABILITIES AND EQUITY$29,156,490 $27,107,590 

See accompanying Notes to Consolidated Financial Statements

98

Finance of America Companies Inc.Consolidated Statements of Financial Condition(in thousands)

The following table presents the assets and liabilities of the Company’s consolidated variable interest entities (“VIEs”), which are included in the Consolidated Statements of Financial Condition above, and excludes retained bonds and beneficial interests that eliminate in consolidation.

December 31, 2024December 31, 2023ASSETSRestricted cash$248,905 $168,010 Loans held for investment, subject to nonrecourse debt, at fair value8,904,303 7,881,566 Loans held for investment, at fair value168,641 — Other assets, net53,400 68,178 TOTAL ASSETS$9,375,249 $8,117,754 LIABILITIESNonrecourse debt, at fair value$8,588,301 $7,531,412 Other financing lines of credit136,157 — Payables and other liabilities1,277 546 TOTAL LIABILITIES$8,725,735 $7,531,958 NET CARRYING VALUE OF ASSETS IN VIEs$649,514 $585,796 

See accompanying Notes to Consolidated Financial Statements

99

Finance of America Companies Inc.Consolidated Statements of Operations(in thousands, except share data)

For the year ended December 31, 2024For the year ended December 31, 2023PORTFOLIO INTEREST INCOMEInterest income$1,905,214 $1,628,877 Interest expense(1,637,286)(1,360,998)