Company: FOACW
Filing Date: 2025-03-14
Form Type: 10-K
Source: 0001828937-25-000009
Chunk: 138

Company: Finance of America Companies Inc.
Filing Date: 2025-03-14
Form: 10-K
Item: Item 8
Chunk 138
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ITYClass A Common Stock, $0.0001 par value; 6,000,000,000 shares authorized; 10,360,299 and 10,059,924 shares issued, respectively, and 9,934,449 and 9,634,074 shares outstanding, respectively1 1 Additional paid-in capital954,469 946,938 Accumulated deficit(698,895)(714,383)Accumulated other comprehensive loss(90)(79)TOTAL EQUITY255,485 232,477 TOTAL LIABILITIES AND EQUITY$262,137 $238,372 Finance of America Companies Inc.(Parent Company Only)Condensed Statements of Operations and Comprehensive Loss(in thousands)For the year ended December 31, 2024For the year ended December 31, 2023OTHER, NET$1,654 $(788)NET INCOME (LOSS) BEFORE INCOME TAXES1,654 (788)Provision (benefit) for income taxes applicable to parent2,411 (677)NET LOSS(757)(111)Equity (deficit) in undistributed income (loss) from subsidiaries16,245 (79,977)NET INCOME (LOSS) ATTRIBUTABLE TO CONTROLLING INTEREST15,488 (80,088)Other comprehensive income (loss)(11)9 COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO CONTROLLING INTEREST$15,477 $(80,079)As disclosed in Note 1 - Organization and Description of Business, FOA is a holding company and has a controlling interest in FOA Equity. FOA did not have any cash as of December 31, 2024 or December 31, 2023. Therefore, Condensed Statements of Cash Flows have not been presented. Management determined which assets and liabilities were to be used by the operating subsidiaries, and these amounts have been appropriately excluded from the parent company Condensed Statements of Financial Condition of FOA presented above. Changes in these balances are 

165

Finance of America Companies Inc.Notes to Consolidated Financial Statements

reflected as additional contributions and distributions from FOA Equity in the period in which they occur, and had no impact on any cash balances that may have otherwise been maintained at FOA. Basis of PresentationThe parent company financial statements should be read in conjunction with the Company’s consolidated financial statements and the accompanying notes thereto. The parent company follows the