Company: FOACW
Filing Date: 2025-03-14
Form Type: 10-K
Source: 0001828937-25-000009
Chunk: 174

Company: Finance of America Companies Inc.
Filing Date: 2025-03-14
Form: 10-K
Item: Item 3
Chunk 174
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 are dilutive, and any shares under the treasury stock method.

Management considers adjusted earnings (loss) per share important in evaluating the Company as a whole. This supplemental metric is utilized by our management team to assess the underlying key drivers and operational performance of the continuing operations of the business. In addition, analysts, investors, and creditors may use this measure when analyzing our operating performance and comparability to peers. Adjusted earnings (loss) per share is not a presentation made in accordance with U.S. GAAP, and our definition and use of this measure may vary from other companies in our industry.

The following table provides a reconciliation of net income (loss) from continuing operations to adjusted net income (loss) and adjusted EBITDA (in thousands, except for share data):

82

Reconciliation to GAAP

For the year ended December 31, 2024For the year ended December 31, 2023Reconciliation of net income (loss) from continuing operations to adjusted net income (loss) and adjusted EBITDANet income (loss) from continuing operations$40,418 $(166,249)Add back: (Provision) benefit for income taxes(2,398)593 Net income (loss) from continuing operations before income taxes42,816 (166,842)Adjustments for:Changes in fair value(1)(75,018)(23,869)Amortization or impairment of intangibles and impairment of other assets38,080 44,704 Equity-based compensation9,024 18,573 Certain non-recurring costs4,366 14,214 Adjusted net income (loss) before income taxes19,268 (113,220)Benefit (provision) for income taxes(5,181)29,785 Adjusted net income (loss)14,087 (83,435)Provision (benefit) for income taxes5,181 (29,785)Depreciation1,758 5,063 Interest expense on non-funding debt38,669 30,947 Adjusted EBITDA$59,695 $(77,210)GAAP PER SHARE MEASURESNet income (loss) from continuing operations attributable to controlling interest$17,496 $(61,287)Basic weighted average shares outstanding9,850,903 8,197,753 Basic earnings (loss) per share from continuing operations$1.78 $(7.48)If-converted method net