Company: FOACW
Filing Date: 2025-03-14
Form Type: 10-K
Source: 0001828937-25-000009
Chunk: 202

Company: Finance of America Companies Inc.
Filing Date: 2025-03-14
Form: 10-K
Item: Item 3
Chunk 202
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 activities, net(10,353)(2,726)Net cash provided by (used in) financing activities386,207 (139,228)

105

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

For the year ended December 31, 2024For the year ended December 31, 2023Effect of exchange rate changes on cash and cash equivalents(27)24 Net increase (decrease) in cash and cash equivalents and restricted cash77,167 (52,635)Cash and cash equivalents and restricted cash, beginning of period(1)224,801 277,436 Cash and cash equivalents and restricted cash, end of period(1)$301,968 $224,801 Cash and cash equivalents$47,383 $46,482 Restricted cash254,585 178,319 Total cash and cash equivalents and restricted cash, end of period(1)$301,968 $224,801 Supplementary Cash Flows InformationCash paid for interest$432,937 $308,381  Loans transferred to loans held for sale, at fair value, from loans held for investment, at fair value 5,424 4,732 

(1) Amounts presented contain results from both continuing and discontinued operations. Refer to Note 4 - Discontinued Operations for additional information regarding cash flow associated with the results of discontinued operations.

See accompanying Notes to Consolidated Financial Statements

106

Finance of America Companies Inc.Notes to Consolidated Financial Statements

1.    Organization and Description of BusinessFinance of America Companies Inc. (“we,” “us,” “our,” “FOA,” or the “Company”) is a financial services holding company which, through its operating subsidiaries, is a leading provider of home equity-based financing solutions for a modern retirement. In addition, FOA offers capital markets and portfolio management capabilities primarily to optimize the distribution of its originated loans to investors.FOA was incorporated in Delaware on October 9, 2020 and became a publicly-traded company on the NYSE in April 2021, with trading beginning on April 5, 2021 under the ticker symbol “FOA.” FOA has a controlling financial interest in Finance of America Equity Capital LLC (“FOA Equity”). FOA Equity owns all of the outstanding equity interests in Finance of America Funding LLC (“FOAF”). FOAF wholly owns Finance of America Holdings LLC (“FAH”) and Incenter LLC (“Incenter” and collectively