Company Quick10K Filing
Ocwen Financial
10-Q 2020-03-31 Filed 2020-05-08
10-K 2019-12-31 Filed 2020-02-26
10-Q 2019-09-30 Filed 2019-11-05
10-Q 2019-06-30 Filed 2019-08-06
10-Q 2019-03-31 Filed 2019-05-07
10-K 2018-12-31 Filed 2019-02-27
10-Q 2018-09-30 Filed 2018-11-06
10-Q 2018-06-30 Filed 2018-07-26
10-Q 2018-03-31 Filed 2018-05-02
10-K 2017-12-31 Filed 2018-02-28
10-Q 2017-09-30 Filed 2017-11-02
10-Q 2017-06-30 Filed 2017-08-03
10-Q 2017-03-31 Filed 2017-05-15
10-K 2016-12-31 Filed 2017-02-23
10-Q 2016-09-30 Filed 2016-10-27
10-Q 2016-06-30 Filed 2016-07-28
10-Q 2016-03-31 Filed 2016-04-28
10-K 2015-12-31 Filed 2016-02-29
10-Q 2015-09-30 Filed 2015-10-29
10-Q 2015-06-30 Filed 2015-07-31
10-Q 2015-03-31 Filed 2015-05-18
10-K 2014-12-31 Filed 2015-05-11
10-Q 2014-09-30 Filed 2014-10-31
10-Q 2014-03-31 Filed 2014-05-02
10-Q 2013-12-31 Filed 2014-08-18
10-K 2013-12-31 Filed 2014-03-03
10-Q 2013-09-30 Filed 2013-11-05
10-Q 2013-06-30 Filed 2013-08-06
10-Q 2013-03-31 Filed 2013-05-08
10-K 2012-12-31 Filed 2013-03-01
10-Q 2012-09-30 Filed 2012-11-02
10-Q 2012-06-30 Filed 2012-08-06
10-Q 2012-03-31 Filed 2012-05-04
10-K 2011-12-31 Filed 2012-02-29
10-Q 2011-09-30 Filed 2011-11-09
10-Q 2011-06-30 Filed 2011-08-04
10-Q 2011-03-31 Filed 2011-05-05
10-K 2010-12-31 Filed 2011-02-28
10-Q 2010-09-30 Filed 2010-11-04
10-Q 2010-06-30 Filed 2010-08-04
10-Q 2010-03-31 Filed 2010-05-07
10-K 2009-12-31 Filed 2010-03-08
8-K 2020-05-08 Earnings, Exhibits
8-K 2020-04-08 Exhibits
8-K 2020-04-03 Officers
8-K 2020-04-03 Earnings, Exhibits
8-K 2020-03-30 Officers
8-K 2020-03-11 Enter Agreement
8-K 2020-02-20 Leave Agreement, Earnings, Exhibits
8-K 2020-02-06 Earnings, Exhibits
8-K 2020-01-27 Enter Agreement, Regulation FD, Exhibits
8-K 2019-11-26 Other Events
8-K 2019-11-05 Earnings, Exhibits
8-K 2019-08-07 Officers
8-K 2019-08-06 Earnings, Exhibits
8-K 2019-07-17 Officers
8-K 2019-07-01 Other Events
8-K 2019-05-30 Shareholder Vote
8-K 2019-05-15 Officers
8-K 2019-05-07 Earnings, Exhibits
8-K 2019-03-18 Enter Agreement, Exhibits
8-K 2019-02-27 Earnings, Officers, Other Events, Exhibits
8-K 2019-02-22 Enter Agreement
8-K 2019-02-21 Officers, Amend Bylaw, Exhibits
8-K 2018-12-06 Regulation FD, Exhibits
8-K 2018-11-16 Shareholder Vote
8-K 2018-11-15 Officers
8-K 2018-11-06 Earnings, Exhibits
8-K 2018-10-17 Officers
8-K 2018-10-04 Enter Agreement, M&A, Off-BS Arrangement, Officers, Regulation FD, Exhibits
8-K 2018-09-27 Other Events, Exhibits
8-K 2018-08-21 Other Events
8-K 2018-08-17 Enter Agreement
8-K 2018-07-26 Earnings, Exhibits
8-K 2018-07-17 Officers
8-K 2018-06-28 Officers, Exhibits
8-K 2018-06-22 Officers
8-K 2018-05-23 Officers, Other Events, Exhibits
8-K 2018-05-23 Shareholder Vote
8-K 2018-05-02 Earnings, Exhibits
8-K 2018-04-17 Officers, Exhibits
8-K 2018-04-09 Other Events
8-K 2018-03-22 Other Events
8-K 2018-02-28 Earnings, Exhibits
8-K 2018-02-27 Enter Agreement, Regulation FD, Exhibits
8-K 2018-02-26 Other Events
8-K 2018-02-09 Officers, Exhibits
8-K 2018-02-01 Other Events
8-K 2018-01-18 Enter Agreement, Other Events

Ocwen Financial Financials

OCN Metrics, Comps, Filings

Quarterly | Annual

Business

When we use the terms "Ocwen," "OCN," "we," "us" and "our," we are referring to Ocwen Financial Corporation and its consolidated subsidiaries.

We are a financial services company that services and originates loans. We have a strong track record of success as a leader in the servicing industry in foreclosure prevention and loss mitigation that helps homeowners stay in their homes and improves financial outcomes for mortgage loan investors. This long-standing core competency will continue to be a guiding principle as we move forward. Our near-term priority is to return to profitability in the shortest timeframe possible within an appropriate risk and compliance environment. We believe our acquisition of PHH provides us with the opportunity to transform into a stronger, more efficient company better able to serve our customers and clients, and positions us for a return to growth.

On October 4, 2018, we completed our acquisition of PHH. The aggregate consideration paid to the former holders of PHH common stock was $358.4 million in cash, with $325.0 million funded from PHH's cash on hand and $33.4 million funded from Ocwen's cash on hand. The transaction was initially cash and book value accretive, with PHH having an opening cash balance of $423.1 million, $64.7 million more than the purchase price. The purchase price we negotiated contemplated that PHH would incur losses after the acquisition date. PHH's net loss from continuing operations of $24.8 million is included in our consolidated statements of operations from the date of acquisition through December 31, 2018.


Valuation ($BB)

Market Cap, Enterprise Value

Balance Sheet ($BB)

Assets, Equity

Income Statement ($BB Quarterly)

Revenue, G Profit, Net Income

Cash Flow ($BB Quarterly)

Ops, Inv, Fin

Comps ($MM TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
America First Multifamily Investors (ATAX) 493 0% 21.3 2% 1,034 598 47 0 20 22 478
On Deck Capital (ONDK) 337 52% 5.8 3% 1,276 943 442 228 32 39 228
Regional Management (RM) 332 0% 9.7 4% 1,086 789 341 0 40 106 1,030
Ocwen Financial (OCN) 268 0% 28.0 -2% 9,957 9,575 1,173 0 -179 244 6,838
Elevate Credit (ELVT) 200 39% 6.5 4% 767 622 767 302 28 103 672
Hexindai (HX) 155 0% 173 47 0 0 0 0 117
Atlanticus (ATLC) 154 -283% 0.6 3% 792 790 9 -26 24 72 42
Medallion Financial (MFIN) 152 0% 5.8 1% 1,520 1,227 0 0 12 48 278
China Rapid Finance (XRF) 97 0% 96 95 0 0 0 0 28
Consumer Portfolio Services (CPSS) 86 0% -0.6 0% 2,537 2,335 260 0 5 92 -51
Security National Financial (SNFCA) 85 76% -2.3 1% 1,163 982 267 203 9 16 -38
Golden Bull (DNJR) 82 0% 12 0 0 0 0 0 79
Senmiao Technology (AIHS) 11 23% -4.7 -14% 16 4 14 3 -2 -2 9
LM Funding America (LMFA) 2 0% 0.5 -12% 10 5 2 0 -1 -1 -0
Merrill Lynch (IPB) 0 0% 12.0 0% 572,908 507,598 8,067 0 1,554 5,937 71,001
Lehman (JBK)
Navient Corporation (JSM)
Merrill Lynch Depositor (PIY)
Cooperative Bankshares (COOP)
MS Structured Saturns Series 2002-14 (HJV)

Balance Sheet ($MM)2011-06-302011-09-302011-12-312012-06-302012-09-302012-12-312013-03-312013-06-302013-09-302013-12-312014-03-312014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Cash104152144128271220663440357179242299129242320459257281219264257268251300260322256280397327348404
Accounts Receivable89
Inventory
PP&E52872220715963571155245122434045119726363148615643120333126131695844
Assets2,2894,8974,7375,3754,1565,6727,2487,0825,3127,8748,1858,3568,2678,3878,0058,0117,4057,4077,4887,5857,6567,8637,9328,0988,4038,4638,4208,4619,3949,5379,6289,957
Accounts Payable
Long-Term Debt3,3312,1782,5984,1421,6932,0574,1742,4892,7442,9543,0893,3203,5683,8284,0134,2955344,8955085,6325,7885,9041,0586,6586,6776,974
Liabilities1,3333,9193,3943,9052,6333,9075,4425,2013,5106,0176,2496,7417,2267,2656,8606,9316,5506,6696,8356,9227,0007,2407,3527,5087,8567,8317,8197,9008,8409,0269,2059,575
Stockholders' Equity9569781,3431,4701,5231,6111,6521,7261,7411,7961,8731,6121,0381,1191,1421,077852736651661653621578587545630600560555
Income Statement ($MM)2011-06-302011-09-302011-12-312012-06-302012-09-302012-12-312013-03-312013-06-302013-09-302013-12-312014-03-312014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Revenue106122157211233236407530531556551514493510463405362331373359324322311285277260254238311304274284
Cost of Revenue1584020
Gross Profit344316317311283277
R&D
SG&A
Tax159925291161191513328311959-9-7023-20-0211-4354
Net Income26201045516545776710576-75-5223410-67-224-111-879-10-33-44-6-443-30-41-2-44-90-43
Cash Flow ($MM)2011-06-302011-09-302011-12-312012-06-302012-09-302012-12-312013-03-312013-06-302013-09-302013-12-312014-03-312014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Cash Operating173179534382402475143-153213349-206325210239-1921413117812486195120119997951012855
Cash Investing-2,656-19011,208-1,279-2251,554-2,465-378-190-226-16520914591-183-194-196-219-275-241-143-180-136-130-106-151-136-109
Cash Financing2,530-186-1,292-1,6401,320-474-1,7792,439229-119263-47-341-245-100651016288201297112956-3335-20130110