Company: FOACW
Filing Date: 2025-05-20
Form Type: 10-Q
Source: 0001828937-25-000033
Chunk: 7

Company: Finance of America Companies Inc.
Filing Date: 2025-05-20
Form: 10-Q
Item: Item 1
Chunk 7
---
(132)Foreign currency translation adjustment— — — — — — (17)— — (17)Balance at March 31, 20249,656,175 $1 15 $— $950,597 $(721,921)$(266)13,288,191 $27,312 $255,723 

See accompanying Notes to Condensed Consolidated Financial Statements (Unaudited)

11

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

For the three months ended March 31, 2025For the three months ended March 31, 2024(As Restated)Operating ActivitiesNet income (loss)$75,000 $(20,304)Adjustments to reconcile net income (loss) to net cash used in operating activities(167,082)(111,939)Net cash used in operating activities(92,082)(132,243)Investing ActivitiesPurchases and originations of loans held for investment(810,325)(684,204)Proceeds/payments received on loans held for investment620,532 551,350 Purchases and originations of loans held for investment, subject to nonrecourse debt(6,900)(10,522)Proceeds/payments on loans held for investment, subject to nonrecourse debt242,557 223,899 Proceeds on sale of mortgage servicing rights (“MSR”)— 4,733 Other investing activities, net(389)(103)Net cash provided by investing activities45,475 85,153 Financing ActivitiesProceeds from issuance of HMBS related obligations466,008 468,520 Payments on HMBS related obligations(615,703)(482,739)Proceeds from issuance of nonrecourse debt780,901 529,497 Payments on nonrecourse debt(724,479)(618,105)Proceeds from other financing lines of credit1,186,403 1,277,218 Payments on other financing lines of credit(1,095,756)(1,134,506)Changes in notes payable— 26,265 Other financing activities, net(874)(266)Net cash provided by (used in) financing activities(3,500)65,884 Effect of exchange rate changes on cash and cash equivalents(9)(17)Net increase (decrease) in cash and cash equivalents and restricted cash(