Company: FOACW
Filing Date: 2025-03-14
Form Type: 10-K
Source: 0001828937-25-000009
Chunk: 108

Company: Finance of America Companies Inc.
Filing Date: 2025-03-14
Form: 10-K
Item: Item 8
Chunk 108
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1,656 Leverage Ratio 6:13.0:1223,460 FAHAdjusted Tangible Net Worth$220,000 $446,321 $226,321 Liquidity 40,000 45,282 5,282 Leverage Ratio 10:13.3:1297,445 

15.    Payables and Other LiabilitiesPayables and other liabilities related to continuing operations consisted of the following (in thousands):December 31, 2024December 31, 2023Accrued and other liabilities$63,898 $94,468 Lease liabilities (Note 16 - Leases)28,474 31,250 Deferred purchase price liabilities(1)18,354 12,780 Ginnie Mae reverse mortgage buyout payable14,005 67,991 Accrued compensation expense13,222 13,080 Total payables and other liabilities$137,953 $219,569 

(1) As of December 31, 2024 and December 31, 2023, the Company had deferred purchase price liabilities of $15.0 million and $8.1 million, respectively, related to the closing of the AAG Transaction. Refer to Note 3 - Acquisitions for additional detail. 

145

Finance of America Companies Inc.Notes to Consolidated Financial Statements

16.    LeasesThe table below summarizes the Company’s operating lease portfolio related to continuing operations (dollars in thousands).December 31, 2024December 31, 2023ROU assets$20,533$23,399Lease liabilities28,47431,250Weighted average remaining lease term (in years)7.918.54Weighted average discount rate6.41 %6.46 %During 2024 and 2023, the Company’s restructuring of the business and certain operating losses triggered impairment analyses and the Company recognized impairment charges of $0.4 million and $1.1 million for the ROU asset in the years ended December 31, 2024 and 2023, respectively. The table below summarizes the Company’s net operating lease cost related to continuing operations (in thousands):For the year ended December 31, 2024For the year ended December 31, 2023Operating lease cost$6,084 $6,777 Short-term lease cost171 607   Total operating