8-K/A Filing

UWM HOLDINGS CORP CIK: 1783398

Filing Information

Form Type	8-K/A
Accession Number	`0001193125-21-089716`
Period End Date	20201231
Filing Date	20210322
Fiscal Year	N/A
Fiscal Period	N/A
XBRL Instance	d143608d8ka_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 64 Income Statement 37 Cash Flow Statement 65 Stockholders Equity 11

Balance Sheet 64 line items

Line Item	Tag	Value	Unit	Period
Related party operating lease assets	`RelatedPartyOperatingLeaseAssets`	$73.19M	USD	Point-in-time
Related party operating lease assets	`RelatedPartyOperatingLeaseAssets`	$92.57M	USD	Point-in-time
Related party operating lease liabilities	`RelatedPartyOperatingLeaseLiabilities`	$85.48M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$133.28M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.22B	USD	Point-in-time
Related party operating lease liabilities	`RelatedPartyOperatingLeaseLiabilities`	$104.01M	USD	Point-in-time
Mortgage loans at fair value	`MortgagesHeldForSaleFairValueDisclosure`	$7.92B	USD	Point-in-time
Mortgage loans at fair value	`MortgagesHeldForSaleFairValueDisclosure`	$5.45B	USD	Point-in-time
Membership units, par value	`CommonUnitsNoParValue`	-	USD	Point-in-time
Membership units, par value	`CommonUnitsNoParValue`	-	USD	Point-in-time
Derivative assets	`DerivativeAssets`	$24.69M	USD	Point-in-time
Membership units, Authorized	`CommonUnitAuthorized`	1.00	shares	Point-in-time
Membership units, Authorized	`CommonUnitAuthorized`	80,000.00	shares	Point-in-time
Membership units, Authorized	`CommonUnitAuthorized`	1.00	shares	Point-in-time
Derivative assets	`DerivativeAssets`	$61.07M	USD	Point-in-time
Membership units, Issued	`CommonUnitIssued`	80,000.00	shares	Point-in-time
Membership units, Issued	`CommonUnitIssued`	1.00	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNet`	$253.60M	USD	Point-in-time
Membership units, Issued	`CommonUnitIssued`	1.00	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNet`	$163.47M	USD	Point-in-time
Membership units, Outstanding	`CommonUnitOutstanding`	1.00	shares	Point-in-time
Membership units, Outstanding	`CommonUnitOutstanding`	80,000.00	shares	Point-in-time
Mortgage servicing rights, net	`ServicingAsset`	$1.76B	USD	Point-in-time
Membership units, Outstanding	`CommonUnitOutstanding`	1.00	shares	Point-in-time
Mortgage servicing rights, net	`ServicingAsset`	$731.35M	USD	Point-in-time
Premises and equipment, net	`PropertyPlantAndEquipmentNet`	$61.37M	USD	Point-in-time
Premises and equipment, net	`PropertyPlantAndEquipmentNet`	$107.57M	USD	Point-in-time
Operating lease right-of-use asset, net	`OperatingLeaseRightOfUseAsset`	$79.48M	USD	Point-in-time
Operating lease right-of-use asset, net	`OperatingLeaseRightOfUseAsset`	$93.10M	USD	Point-in-time
Finance lease right-of-use asset	`FinanceLeaseRightOfUseAsset`	$22.93M	USD	Point-in-time
Finance lease right-of-use asset	`FinanceLeaseRightOfUseAsset`	-	USD	Point-in-time
Other assets	`OtherAssets`	$14.14M	USD	Point-in-time
Other assets	`OtherAssets`	$57.99M	USD	Point-in-time
Total assets	`Assets`	$11.49B	USD	Point-in-time
Total assets	`Assets`	$6.65B	USD	Point-in-time
Warehouse lines of credit	`WarehouseLinesOfCreditFacility`	$5.19B	USD	Point-in-time
Warehouse lines of credit	`WarehouseLinesOfCreditFacility`	$6.94B	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$847.75M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$283.00M	USD	Point-in-time
Derivative liabilities	`DerivativeLiabilities`	$22.41M	USD	Point-in-time
Derivative liabilities	`DerivativeLiabilities`	$66.24M	USD	Point-in-time
Equipment note payable	`EquipmentNotePayable`	$30.00M	USD	Point-in-time
Equipment note payable	`EquipmentNotePayable`	$26.53M	USD	Point-in-time
Operating lines of credit	`LineOfCredit`	$376.00M	USD	Point-in-time
Operating lines of credit	`LineOfCredit`	$320.30M	USD	Point-in-time
Senior notes	`SeniorNotes`	-	USD	Point-in-time
Senior notes	`SeniorNotes`	$789.32M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiability`	$91.78M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiability`	$104.53M	USD	Point-in-time
Finance lease liability	`FinanceLeaseLiability`	-	USD	Point-in-time
Finance lease liability	`FinanceLeaseLiability`	$23.13M	USD	Point-in-time
Total liabilities	`Liabilities`	$5.99B	USD	Point-in-time
Total liabilities	`Liabilities`	$9.12B	USD	Point-in-time
Membership units	`CommonUnitIssuanceValue`	-	USD	Point-in-time
Membership units	`CommonUnitIssuanceValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$24.84M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$24.84M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$2.35B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$636.48M	USD	Point-in-time
Total member's equity	`MembersEquity`	$319.05M	USD	Point-in-time
Total member's equity	`MembersEquity`	$2.37B	USD	Point-in-time
Total member's equity	`MembersEquity`	$661.32M	USD	Point-in-time
Total liabilities and member's equity	`LiabilitiesAndStockholdersEquity`	$11.49B	USD	Point-in-time
Total liabilities and member's equity	`LiabilitiesAndStockholdersEquity`	$6.65B	USD	Point-in-time

Income Statement 37 line items

Line Item	Tag	Value	Unit	Period
Loan production income	`GainLossOnSalesOfLoansNet`	$4.55B	USD	Annual
Loan production income	`GainLossOnSalesOfLoansNet`	$1.04B	USD	Annual
Loan servicing income	`ContractuallySpecifiedServicingFeesAmount`	$288.30M	USD	Annual
Loan servicing income	`ContractuallySpecifiedServicingFeesAmount`	$102.29M	USD	Annual
Loss on sale of mortgage servicing rights	`GainLossOnSaleOfMortgageServicingRights`	$-62.28M	USD	Annual
Loss on sale of mortgage servicing rights	`GainLossOnSaleOfMortgageServicingRights`	$-22.48M	USD	Annual
Interest income	`InterestAndFeeIncomeLoansAndLeases`	$161.16M	USD	Annual
Interest income	`InterestAndFeeIncomeLoansAndLeases`	$155.13M	USD	Annual
Total revenue, net	`Revenues`	$4.94B	USD	Annual
Total revenue, net	`Revenues`	$1.28B	USD	Annual
Salaries, commissions and benefits	`LaborAndRelatedExpense`	$552.14M	USD	Annual
Salaries, commissions and benefits	`LaborAndRelatedExpense`	$372.17M	USD	Annual
Direct loan production costs	`DirectLoanProductionCosts`	$54.46M	USD	Annual
Direct loan production costs	`DirectLoanProductionCosts`	$34.43M	USD	Annual
Professional services	`ProfessionalAndContractServicesExpense`	$37.78M	USD	Annual
Professional services	`ProfessionalAndContractServicesExpense`	$12.12M	USD	Annual
Occupancy and equipment	`OccupancyAndEquipmentExpense`	$40.09M	USD	Annual
Occupancy and equipment	`OccupancyAndEquipmentExpense`	$58.89M	USD	Annual
Marketing, travel, and entertainment	`TravelAndEntertainmentExpense`	$20.28M	USD	Annual
Marketing, travel, and entertainment	`TravelAndEntertainmentExpense`	$23.43M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$16.82M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$9.40M	USD	Annual
Servicing costs	`ServicingCosts`	$30.94M	USD	Annual
Servicing costs	`ServicingCosts`	$70.83M	USD	Annual
Amortization, impairment and pay-offs of mortgage servicing rights	`AmortizationImpairmentAndPayoffsOfMortgageServicingRights`	$137.78M	USD	Annual
Amortization, impairment and pay-offs of mortgage servicing rights	`AmortizationImpairmentAndPayoffsOfMortgageServicingRights`	$573.12M	USD	Annual
Interest expense	`InterestExpense`	$164.13M	USD	Annual
Interest expense	`InterestExpense`	$167.04M	USD	Annual
Other general and administrative	`OtherGeneralAndAdministrativeExpense`	$13.20M	USD	Annual
Other general and administrative	`OtherGeneralAndAdministrativeExpense`	$27.94M	USD	Annual
Total expenses	`OperatingExpenses`	$863.36M	USD	Annual
Total expenses	`OperatingExpenses`	$1.55B	USD	Annual
Earnings before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$3.38B	USD	Annual
Earnings before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$415.06M	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	$2.45M	USD	Annual
Net income	`NetIncomeLoss`	$3.38B	USD	Annual
Net income	`NetIncomeLoss`	$415.06M	USD	Annual

Cash Flow Statement 65 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$415.06M	USD	Annual
Net income	`ProfitLoss`	$3.38B	USD	Annual
Loss on sale of mortgage servicing rights	`GainLossOnSaleOfMortgageServicingRights`	$-62.28M	USD	Annual
Loss on sale of mortgage servicing rights	`GainLossOnSaleOfMortgageServicingRights`	$-22.48M	USD	Annual
Reserve for representations and warranties	`ReserveForRepresentationsAndWarranties`	$36.51M	USD	Annual
Reserve for representations and warranties	`ReserveForRepresentationsAndWarranties`	$19.15M	USD	Annual
Capitalization of mortgage servicing rights	`MortgageServicingRightsCapitalized`	$1.90B	USD	Annual
Capitalization of mortgage servicing rights	`MortgageServicingRightsCapitalized`	$1.13B	USD	Annual
Amortization and pay-offs of mortgage servicing rights	`AmortizationAndPayoffsOfMortgageServicingRights`	$117.22M	USD	Annual
Amortization and pay-offs of mortgage servicing rights	`AmortizationAndPayoffsOfMortgageServicingRights`	$553.53M	USD	Annual
Impairment on mortgage servicing rights, net	`MortgageServicingRightsMSRImpairmentRecovery`	$19.58M	USD	Annual
Impairment on mortgage servicing rights, net	`MortgageServicingRightsMSRImpairmentRecovery`	$20.56M	USD	Annual
Depreciation and amortization of premises and equipment	`DepreciationAndAmortizationOfPremisesAndEquipment`	$9.40M	USD	Annual
Depreciation and amortization of premises and equipment	`DepreciationAndAmortizationOfPremisesAndEquipment`	$11.58M	USD	Annual
Senior notes issuance cost amortization	`AmortizationOfFinancingCosts`	$353.00K	USD	Annual
Amortization of finance lease right-of-use assets	`AmortizationOfFinanceLeaseRightOfUseAssets`	$2.52M	USD	Annual
Amortization of finance lease right-of-use assets	`AmortizationOfFinanceLeaseRightOfUseAssets`	$5.24M	USD	Annual
Mortgage loans at fair value	`IncreaseDecreaseInMortgageLoansHeldForSale`	$2.47B	USD	Annual
Mortgage loans at fair value	`IncreaseDecreaseInMortgageLoansHeldForSale`	$2.93B	USD	Annual
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$138.06M	USD	Annual
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$4.91M	USD	Annual
Derivative assets	`IncreaseDecreaseInDerivativeAssets`	$7.09M	USD	Annual
Derivative assets	`IncreaseDecreaseInDerivativeAssets`	$36.38M	USD	Annual
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$43.85M	USD	Annual
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$9.05M	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-19.29M	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$526.13M	USD	Annual
Derivative liabilities	`IncreaseDecreaseInDerivativeLiabilities`	$43.83M	USD	Annual
Derivative liabilities	`IncreaseDecreaseInDerivativeLiabilities`	$-6.54M	USD	Annual
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-3.50B	USD	Annual
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$56.41M	USD	Annual
Purchases of premises and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$57.29M	USD	Annual
Purchases of premises and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$16.77M	USD	Annual
Proceeds from sale of mortgage servicing rights	`ProceedsFromSaleOfMortgageServicingRightsMSR`	$289.17M	USD	Annual
Proceeds from sale of mortgage servicing rights	`ProceedsFromSaleOfMortgageServicingRightsMSR`	$594.15M	USD	Annual
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$577.38M	USD	Annual
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$231.88M	USD	Annual
Net borrowings under warehouse lines of credit	`ProceedsFromBorrowingsUnderWarehouseLinesOfCreditNet`	$2.84B	USD	Annual
Net borrowings under warehouse lines of credit	`ProceedsFromBorrowingsUnderWarehouseLinesOfCreditNet`	$1.75B	USD	Annual
Repayments of finance lease liabilities	`FinanceLeasePrincipalPayments`	$5.05M	USD	Annual
Payments for deferred offering costs	`PaymentsOfStockIssuanceCosts`	$4.75M	USD	Annual
Borrowings under equipment notes payable	`ProceedsFromNotesPayable`	$30.00M	USD	Annual
Borrowings under equipment notes payable	`ProceedsFromNotesPayable`	$2.17M	USD	Annual
Repayments under equipment notes payable	`RepaymentsOfNotesPayable`	$5.64M	USD	Annual
Borrowings under operating lines of credit	`ProceedsFromLinesOfCredit`	$798.32M	USD	Annual
Borrowings under operating lines of credit	`ProceedsFromLinesOfCredit`	$412.30M	USD	Annual
Repayments under operating lines of credit	`RepaymentsOfLinesOfCredit`	$582.42M	USD	Annual
Repayments under operating lines of credit	`RepaymentsOfLinesOfCredit`	$468.00M	USD	Annual
Proceeds from issuance of senior notes	`ProceedsFromIssuanceOfSeniorLongTermDebt`	$800.00M	USD	Annual
Discount and direct issuance costs on senior notes	`PaymentsOfDebtIssuanceCosts`	$11.03M	USD	Annual
Member contributions	`ProceedsFromMembersContributions`	$300.00M	USD	Annual
Member distributions	`PaymentsOfDistributionsToAffiliates`	$72.78M	USD	Annual
Member distributions	`PaymentsOfDistributionsToAffiliates`	$1.97B	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$802.26M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$3.01B	USD	Annual
INCREASE IN CASH AND CASH EQUIVALENTS	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$1.09B	USD	Annual
INCREASE IN CASH AND CASH EQUIVALENTS	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$91.17M	USD	Annual
CASH AND CASH EQUIVALENTS, BEGINNING OF THE YEAR	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$42.11M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF THE YEAR	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$133.28M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF THE YEAR	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.22B	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF YEAR	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$42.11M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF YEAR	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$133.28M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF YEAR	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.22B	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$161.80M	USD	Annual
Cash paid for interest	`InterestPaidNet`	$157.81M	USD	Annual

Stockholders Equity 11 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`MembersEquity`	$319.05M	USD	Point-in-time
Beginning Balance	`MembersEquity`	$2.37B	USD	Point-in-time
Beginning Balance	`MembersEquity`	$661.32M	USD	Point-in-time
Member contributions	`PartnersCapitalAccountContributions`	$300.00M	USD	Annual
Member distributions	`PartnersCapitalAccountDistributions`	$72.78M	USD	Annual
Member distributions	`PartnersCapitalAccountDistributions`	$1.97B	USD	Annual
Net income	`ProfitLoss`	$415.06M	USD	Annual
Net income	`ProfitLoss`	$3.38B	USD	Annual
Ending Balance	`MembersEquity`	$319.05M	USD	Point-in-time
Ending Balance	`MembersEquity`	$2.37B	USD	Point-in-time
Ending Balance	`MembersEquity`	$661.32M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.