Rocket Companies Inc
For the period ended Mar 31, 2024. Filed May 7, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 7, 2024
RKT$14.45-4.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Balance Sheets
($ In Thousands, Except Per Share Amounts)
| March 31,2024 | December 31,2023 | |
|---|---|---|
| Assets · (Unaudited) | ||
| Cash and cash equivalents | $861,410 | $1,108,466 |
| Restricted cash | 31,975 | 28,366 |
| Mortgage loans held for sale, at fair value | 9,416,229 | 6,542,232 |
| Interest rate lock commitments (“IRLCs”), at fair value | 202,873 | 132,870 |
| Mortgage servicing rights (“MSRs”), at fair value | 6,691,341 | 6,439,787 |
| Notes receivable and due from affiliates | 18,574 | 19,530 |
| Property and equipment, net of accumulated depreciation and amortization of $556,734 and $536,196, respectively | 243,476 | 250,856 |
| Deferred tax asset, net | 543,896 | 550,149 |
| Lease right of use assets | 313,408 | 347,696 |
| Forward commitments, at fair value | 496 | 26,614 |
| Loans subject to repurchase right from Ginnie Mae | 1,601,648 | 1,533,387 |
| Goodwill and intangible assets, net | 1,245,907 | 1,236,765 |
| Other assets | 1,047,942 | 1,015,022 |
| Total assets | $22,219,175 | $19,231,740 |
| Liabilities and equity | ||
| Liabilities | ||
| Funding facilities | 6,145,452 | $3,367,383 |
| Other financing facilities and debt | ||
| Senior Notes, net | 4,034,818 | 4,033,448 |
| Early buy out facility | 171,748 | 203,208 |
| Accounts payable | 189,038 | 171,350 |
| Lease liabilities | 357,524 | 393,882 |
| Forward commitments, at fair value | 22,785 | 142,988 |
| Investor reserves | 95,041 | 92,389 |
| Notes payable and due to affiliates | 31,325 | 31,006 |
| Tax receivable agreement liability | 584,695 | 584,695 |
| Loans subject to repurchase right from Ginnie Mae | 1,601,648 | 1,533,387 |
| Other liabilities | 375,650 | 376,294 |
| Total liabilities | $13,609,724 | $10,930,030 |
| Equity | ||
| Class A common stock, $0.00001 par value - 10,000,000,000 shares authorized, 138,811,617 and 135,814,173 shares issued and outstanding as of March 31, 2024 and December 31, 2023, respectively. | $1 | $1 |
| Class B common stock, $0.00001 par value - 6,000,000,000 shares authorized, none issued and outstanding as of March 31, 2024 and December 31, 2023. | — | — |
| Class C common stock, $0.00001 par value - 6,000,000,000 shares authorized, none issued and outstanding as of March 31, 2024 and December 31, 2023. | — | — |
| Class D common stock, $0.00001 par value - 6,000,000,000 shares authorized, 1,848,879,483 shares issued and outstanding as of March 31, 2024 and December 31, 2023. | 19 | 19 |
| Additional paid-in capital | 350,811 | 340,532 |
| Retained earnings | 300,494 | 284,296 |
| Accumulated other comprehensive income | 72 | 52 |
| Non-controlling interest | 7,958,054 | 7,676,810 |
| Total equity | 8,609,451 | 8,301,710 |
| Total liabilities and equity | $22,219,175 | $19,231,740 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.