Company: FOACW
Filing Date: 2025-03-14
Form Type: 10-K
Source: 0001828937-25-000009
Chunk: 51

Company: Finance of America Companies Inc.
Filing Date: 2025-03-14
Form: 10-K
Item: Item 8
Chunk 51
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— — (27)— — (27)Balance at December 31, 20249,934,449 $1 15 $— $954,469 $(698,895)$(276)13,891,768 $60,365 $315,664                            

See accompanying Notes to Consolidated Financial Statements

104

Finance of America Companies Inc.Consolidated Statements of Cash Flows(in thousands)

For the year ended December 31, 2024For the year ended December 31, 2023Operating Activities(1)Net income (loss)$35,691 $(218,158)Adjustments to reconcile net income (loss) to net cash used in operating activities:(Gain) loss on sale and other income from loans held for sale, net(302)27,216 Unrealized fair value changes on loans, related obligations, and derivatives(408,754)(307,152)Change in fair value of mortgage servicing rights (“MSR”)920 3,067 Depreciation and amortization38,947 47,545 Impairment of intangibles and other assets891 13,751 Deferred income taxes(2,411)678 Change in fair value of deferred purchase price liabilities7,966 552 Loss on investments— 16,845 Equity-based compensation8,812 24,667 Originations/purchases of loans held for sale(9,877)(211,485)Proceeds from sale of loans held for sale10,971 530,529 Gain on extinguishment of debt(56,193)— Changes in operating assets and liabilities:Other assets, net33,437 33,759 Payables and accrued expenses(92,563)(31,825)Other operating activities, net8,650 (1,557)Net cash used in operating activities(423,815)(71,568)Investing Activities(1)Purchases and originations of loans held for investment(2,894,673)(3,053,899)Proceeds/payments received on loans held for investment2,120,036 1,927,773 Purchases and originations of loans held for investment, subject to nonrecourse debt(41,134)(76,031)Proceeds/payments on loans held for investment, subject to nonrecourse debt922,355 1,349,682 Proceeds on sale of MSR5,516