Company: FOACW
Filing Date: 2025-05-20
Form Type: 10-K/A
Source: 0001828937-25-000032
Chunk: 123

Company: Finance of America Companies Inc.
Filing Date: 2025-05-20
Form: 10-K/A
Chunk 123
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Marketing and advertising expenses are related to brand marketing and providing loan product information to our customers.

Depreciation and amortization

Depreciation and amortization expenses include depreciation and amortization of fixed assets and definite-lived intangible assets.

General and administrative expenses

General and administrative expenses include communications and data processing costs, professional and consulting fees, occupancy, equipment rentals, other office related expenses, and other expenses. Refer to Note 22 - General and Administrative Expenses in the Notes to Consolidated Financial Statements for additional information.

#### Impairment of Intangibles and Other Assets
Impairment of intangibles and other assets includes impairment charges recognized on indefinite-lived intangible assets and other long-lived assets.

#### Gain on Extinguishment of Debt
Gain on extinguishment of debt includes the gain recognized as a result of the exchange of senior notes. Refer to Note 17 - Notes Payable, Net, in the Notes to Consolidated Financial Statements for additional information.

#### Other, Net
Other, net, primarily includes gains or losses on non-operating assets and liabilities.

#### Income Taxes
FOA is taxed as a corporation and is subject to U.S. federal, state, and local taxes on the income allocated to it from FOA Equity based upon FOA’s economic interest in FOA Equity as well as any stand-alone income it generates. Refer to Note 23 - Income Taxes in the Notes to Consolidated Financial Statements for additional information.

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#### Results of Operations

### Overview
The following tables present selected financial data for the years ended December 31, 2024 and 2023.

### Consolidated Results
The following table summarizes our consolidated operating results from continuing operations (in thousands):

|                                                                    |     |   | For the year ended December 31, 2024 |     |   | For the year ended December 31, 2023 |
|:-------------------------------------------------------------------|:----|:--|-------------------------------------:|:----|:--|-------------------------------------:|
| Portfolio interest income:                                         |     |   |                                      |     |   |                                      |
| Interest income                                                    |     | $ |                            1,905,214 |     | $ |                            1,628,877 |
| Interest expense                                                   |     |   |                           -1,637,286 |     |   |                           -1,360,998 |
| Net portfolio interest income                                      |     |   |                              267,928 |     |   |                              267,