loanDepot Inc
For the period ended Dec 31, 2023. Filed Mar 15, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Mar 15, 2024
LDI$0.48-9.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets as of December 31, and
CONSOLIDATED BALANCE SHEETS
| December 31, 2023 | December 31, 2022 | |
|---|---|---|
| ASSETS | ||
| Cash and cash equivalents | $660,707 | $863,956 |
| Restricted cash | 85,149 | 116,545 |
| Loans held for sale, at fair value (includes $510,080 and $497,574 pledged to creditors in securitization trusts at December 31, 2023 and 2022, respectively) | 2,132,880 | 2,373,427 |
| Derivative assets, at fair value | 93,574 | 39,411 |
| Servicing rights, at fair value (includes $617,878 and $544,729 pledged to creditors in securitization trusts at December 31, 2023 and 2022, respectively) | 1,999,763 | 2,037,447 |
| Trading securities, at fair value | 92,901 | 94,243 |
| Property and equipment, net | 70,809 | 92,889 |
| Operating lease right-of-use assets | 29,433 | 35,668 |
| Loans eligible for repurchase | 711,371 | 634,677 |
| Investments in joint ventures | 20,363 | 20,410 |
| Other assets | 254,098 | 301,261 |
| Total assets | $6,151,048 | $6,609,934 |
| LIABILITIES AND EQUITY | ||
| Warehouse and other lines of credit | $1,947,057 | $2,146,602 |
| Accounts payable, accrued expenses and other liabilities | 379,971 | 488,696 |
| Derivative liabilities, at fair value | 84,962 | 67,492 |
| Liability for loans eligible for repurchase | 711,371 | 634,677 |
| Operating lease liability | 49,192 | 61,675 |
| Debt obligations, net | 2,274,011 | 2,289,319 |
| Total liabilities | 5,446,564 | 5,688,461 |
| Commitments and contingencies (Note 19) | ||
| Class A common stock, $0.001 par value, 2,500,000,000 authorized, 87,377,147 and 74,277,152 issued at December 31, 2023 and 2022, respectively | 87 | 74 |
| Class B common stock, $0.001 par value, 2,500,000,000 authorized, none issued at December 31, 2023 and 2022, respectively | — | — |
| Class C common stock, $0.001 par value, 2,500,000,000 authorized, 141,234,529 and 145,693,119 issued at December 31, 2023 and 2022, respectively | 141 | 146 |
| Class D common stock, $0.001 par value, 2,500,000,000 authorized, 97,026,671 and 97,026,671 issued at December 31, 2023 and 2022, respectively | 97 | 97 |
| Preferred stock, $0.001 par value, 50,000,000 authorized, none issued at December 31, 2023 and 2022, respectively | — | — |
| Treasury stock at cost, 3,349,395 and 1,780,141 shares at December 31, 2023 and 2022, respectively | (16,493) | (13,282) |
| Additional paid-in capital | 821,055 | 788,601 |
| Retained deficit | (451,706) | (342,137) |
| Noncontrolling interest | 351,303 | 487,974 |
| Total equity | 704,484 | 921,473 |
| Total liabilities and equity | $6,151,048 | $6,609,934 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.