◆ Market Data --:--
Commodities
Loading...
📈 Yields & Rates
Loading...
💱 FX Rates
Loading...
📈 Market Pulse
Loading...
🏛 Congress Trades
Loading...
👤 Insider Trades
Loading...
Customize Items

10-Q Filing

UWM HOLDINGS CORP CIK: 1783398 Q1 2022
Filing Information
Form Type 10-Q
Accession Number 0001783398-22-000023
Period End Date 20220331
Filing Date 20220510
Fiscal Year 2022
Fiscal Period Q1
XBRL Instance uwmc-20220331_htm.xml
Filing Contents
Balance Sheet 70 line items
Line Item Tag Value Unit Period
Related party operating lease right-of-use asset RelatedPartyOperatingLeaseAssets $104.59M USD Point-in-time
Related party operating lease right-of-use asset RelatedPartyOperatingLeaseAssets $103.51M USD Point-in-time
Related party finance lease right-of-use asset FinanceLeaseRightOfUseAssetAfterAccumulatedAmortizationRelatedParty $28.42M USD Point-in-time
Related party finance lease right-of-use asset FinanceLeaseRightOfUseAssetAfterAccumulatedAmortizationRelatedParty $28.62M USD Point-in-time
Related party operating lease liabilities RelatedPartyOperatingLeaseLiabilities $112.00M USD Point-in-time
Related party operating lease liabilities RelatedPartyOperatingLeaseLiabilities $110.85M USD Point-in-time
Related party finance lease liability FinanceLeaseLiabilityRelatedParty $29.02M USD Point-in-time
Related party finance lease liability FinanceLeaseLiabilityRelatedParty $29.09M USD Point-in-time
Preferred stock, par value (in usd per share) PreferredStockParOrStatedValuePerShare $0.00 USD Point-in-time
Preferred stock, par value (in usd per share) PreferredStockParOrStatedValuePerShare $0.00 USD Point-in-time
Preferred stock, shares authorized PreferredStockSharesAuthorized 100.00M shares Point-in-time
Preferred stock, shares authorized PreferredStockSharesAuthorized 100.00M shares Point-in-time
Preferred stock, shares issued PreferredStockSharesIssued 0.00 shares Point-in-time
Preferred stock, shares issued PreferredStockSharesIssued 0.00 shares Point-in-time
Preferred stock, shares outstanding PreferredStockSharesOutstanding 0.00 shares Point-in-time
Preferred stock, shares outstanding PreferredStockSharesOutstanding 0.00 shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $731.09M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $901.17M USD Point-in-time
Mortgage loans at fair value MortgagesHeldForSaleFairValueDisclosure $17.47B USD Point-in-time
Mortgage loans at fair value MortgagesHeldForSaleFairValueDisclosure $5.21B USD Point-in-time
Derivative assets DerivativeAssets $67.36M USD Point-in-time
Derivative assets DerivativeAssets $241.93M USD Point-in-time
Investment securities at fair value, pledged RetainedInterest $152.26M USD Point-in-time
Investment securities at fair value, pledged RetainedInterest $138.42M USD Point-in-time
Accounts receivable, net AccountsReceivableNet $415.69M USD Point-in-time
Accounts receivable, net AccountsReceivableNet $617.61M USD Point-in-time
Mortgage servicing rights (see Note 5) ServicingAsset $3.51B USD Point-in-time
Mortgage servicing rights (see Note 5) ServicingAsset $3.31B USD Point-in-time
Premises and equipment, net PropertyPlantAndEquipmentNet $151.21M USD Point-in-time
Premises and equipment, net PropertyPlantAndEquipmentNet $151.69M USD Point-in-time
Operating lease right-of-use asset, net (includes $103,513 and $104,595 with related parties) OperatingLeaseRightOfUseAsset $103.67M USD Point-in-time
Operating lease right-of-use asset, net (includes $103,513 and $104,595 with related parties) OperatingLeaseRightOfUseAsset $104.83M USD Point-in-time
Finance lease right-of-use asset (includes $28,416 and $28,619 with related parties) FinanceLeaseRightOfUseAsset $57.02M USD Point-in-time
Finance lease right-of-use asset (includes $28,416 and $28,619 with related parties) FinanceLeaseRightOfUseAsset $53.86M USD Point-in-time
Other assets OtherAssets $60.82M USD Point-in-time
Other assets OtherAssets $60.15M USD Point-in-time
Total assets Assets $10.99B USD Point-in-time
Total assets Assets $22.53B USD Point-in-time
Warehouse lines of credit WarehouseLinesOfCreditFacility $15.95B USD Point-in-time
Warehouse lines of credit WarehouseLinesOfCreditFacility $4.08B USD Point-in-time
Derivative liabilities DerivativeLiabilities $115.43M USD Point-in-time
Derivative liabilities DerivativeLiabilities $36.74M USD Point-in-time
Borrowings against investment securities SecuredDebt $118.79M USD Point-in-time
Borrowings against investment securities SecuredDebt $118.79M USD Point-in-time
Accounts payable, accrued expenses and other AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent $1.21B USD Point-in-time
Accounts payable, accrued expenses and other AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent $1.09B USD Point-in-time
Accrued distributions and dividends payable DividendsPayableCurrentAndNoncurrent $159.46M USD Point-in-time
Accrued distributions and dividends payable DividendsPayableCurrentAndNoncurrent $9.17M USD Point-in-time
Senior notes SeniorNotes $1.98B USD Point-in-time
Senior notes SeniorNotes $1.98B USD Point-in-time
Operating lease liability (includes $110,854 and $111,999 with related parties) OperatingLeaseLiability $111.01M USD Point-in-time
Operating lease liability (includes $110,854 and $111,999 with related parties) OperatingLeaseLiability $112.23M USD Point-in-time
Finance lease liability (includes $29,015 and $29,087 with related parties) FinanceLeaseLiability $57.97M USD Point-in-time
Finance lease liability (includes $29,015 and $29,087 with related parties) FinanceLeaseLiability $54.95M USD Point-in-time
Total liabilities Liabilities $19.36B USD Point-in-time
Total liabilities Liabilities $7.82B USD Point-in-time
Preferred stock, $0.0001 par value - 100,000,000 shares authorized, none issued and outstanding as of March 31, 2022 PreferredStockValue - USD Point-in-time
Preferred stock, $0.0001 par value - 100,000,000 shares authorized, none issued and outstanding as of March 31, 2022 PreferredStockValue - USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $542.00K USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $437.00K USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $141.81M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $138.83M USD Point-in-time
Non-controlling interest MinorityInterest $3.03B USD Point-in-time
Non-controlling interest MinorityInterest $3.03B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.17B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest - USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.17B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.78B USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $22.53B USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $10.99B USD Point-in-time
Income Statement 49 line items
Line Item Tag Value Unit Period
Loan production income GainLossOnSalesOfLoansNet $1.07B USD 1 Quarter
Loan production income GainLossOnSalesOfLoansNet $383.87M USD 1 Quarter
Loan servicing income ContractuallySpecifiedServicingFeesLateFeesAndAncillaryFeesEarnedInExchangeForServicingFinancialAssets $123.79M USD 1 Quarter
Loan servicing income ContractuallySpecifiedServicingFeesLateFeesAndAncillaryFeesEarnedInExchangeForServicingFinancialAssets $198.56M USD 1 Quarter
Change in fair value of mortgage servicing rights (see Note 5) ChangeInFairValueOfMortgageServicingRights $171.96M USD 1 Quarter
Change in fair value of mortgage servicing rights (see Note 5) ChangeInFairValueOfMortgageServicingRights $-59.26M USD 1 Quarter
Gain on sale of mortgage servicing rights GainLossOnSaleOfMortgageServicingRights - USD 1 Quarter
Gain on sale of mortgage servicing rights GainLossOnSaleOfMortgageServicingRights $4.76M USD 1 Quarter
Interest income InterestAndFeeIncomeLoansAndLeases $67.39M USD 1 Quarter
Interest income InterestAndFeeIncomeLoansAndLeases $45.91M USD 1 Quarter
Total revenue, net Revenues $1.19B USD 1 Quarter
Total revenue, net Revenues $821.79M USD 1 Quarter
Salaries, commissions and benefits LaborAndRelatedExpense $160.61M USD 1 Quarter
Salaries, commissions and benefits LaborAndRelatedExpense $213.06M USD 1 Quarter
Direct loan production costs DirectLoanProductionCosts $13.16M USD 1 Quarter
Direct loan production costs DirectLoanProductionCosts $26.72M USD 1 Quarter
Marketing, travel, and entertainment TravelAndEntertainmentExpense $12.84M USD 1 Quarter
Marketing, travel, and entertainment TravelAndEntertainmentExpense $10.49M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $10.91M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $7.29M USD 1 Quarter
General and administrative OtherGeneralAndAdministrativeExpense $38.32M USD 1 Quarter
General and administrative OtherGeneralAndAdministrativeExpense $16.78M USD 1 Quarter
Servicing costs ServicingCosts $47.18M USD 1 Quarter
Servicing costs ServicingCosts $20.51M USD 1 Quarter
Interest expense InterestExpense $52.99M USD 1 Quarter
Interest expense InterestExpense $60.37M USD 1 Quarter
Other expense/(income) OtherNonoperatingIncomeExpense $17.30M USD 1 Quarter
Other expense/(income) OtherNonoperatingIncomeExpense $-7.50M USD 1 Quarter
Total expenses OperatingExpenses $364.46M USD 1 Quarter
Total expenses OperatingExpenses $316.98M USD 1 Quarter
Earnings before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $457.33M USD 1 Quarter
Earnings before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $872.89M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $4.04M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $12.89M USD 1 Quarter
Net income ProfitLoss $453.29M USD 1 Quarter
Net income ProfitLoss $183.76M USD Point-in-time
Net income ProfitLoss $860.00M USD 1 Quarter
Net income attributable to non-controlling interests NetIncomeLossAttributableToNoncontrollingInterest $431.36M USD 1 Quarter
Net income attributable to non-controlling interests NetIncomeLossAttributableToNoncontrollingInterest $812.02M USD 1 Quarter
Net income attributable to UWM Holdings Corporation NetIncomeLoss $47.98M USD 1 Quarter
Net income attributable to UWM Holdings Corporation NetIncomeLoss $21.93M USD 1 Quarter
Basic (in usd per share) EarningsPerShareBasic $0.47 USD 1 Quarter
Basic (in usd per share) EarningsPerShareBasic $0.24 USD 1 Quarter
Diluted (in usd per share) EarningsPerShareDiluted $0.22 USD 1 Quarter
Diluted (in usd per share) EarningsPerShareDiluted $0.33 USD 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 103.10M shares 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 92.21M shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 1.59B shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 1.61B shares 1 Quarter
Cash Flow Statement 69 line items
Line Item Tag Value Unit Period
Net income ProfitLoss $453.29M USD 1 Quarter
Net income ProfitLoss $183.76M USD Point-in-time
Net income ProfitLoss $860.00M USD 1 Quarter
Reserve for representations and warranties ReserveForRepresentationsAndWarranties $9.82M USD 1 Quarter
Reserve for representations and warranties ReserveForRepresentationsAndWarranties $7.76M USD 1 Quarter
Capitalization of mortgage servicing rights MortgageServicingRightsCapitalized $645.44M USD 1 Quarter
Capitalization of mortgage servicing rights MortgageServicingRightsCapitalized $599.39M USD 1 Quarter
Change in fair value of mortgage servicing rights ChangeInFairValueOfMortgageServicingRights $171.96M USD 1 Quarter
Change in fair value of mortgage servicing rights ChangeInFairValueOfMortgageServicingRights $-59.26M USD 1 Quarter
Depreciation and amortization of premises & equipment, finance lease assets and debt issuance costs DepreciationAndAmortizationOfPremisesAndEquipment $11.91M USD 1 Quarter
Depreciation and amortization of premises & equipment, finance lease assets and debt issuance costs DepreciationAndAmortizationOfPremisesAndEquipment $7.98M USD 1 Quarter
Stock-based compensation expense ShareBasedCompensation $1.83M USD 1 Quarter
Stock-based compensation expense ShareBasedCompensation - USD 1 Quarter
Decrease in fair value of investment securities ChangeInFairValueOfRetainedInterest $-10.93M USD 1 Quarter
Decrease in fair value of investment securities ChangeInFairValueOfRetainedInterest - USD 1 Quarter
Decrease in fair value of warrants liability FairValueAdjustmentOfWarrants $-17.30M USD 1 Quarter
Decrease in fair value of warrants liability FairValueAdjustmentOfWarrants $-4.13M USD 1 Quarter
Mortgage loans at fair value IncreaseDecreaseInMortgageLoansHeldForSale $-2.41B USD 1 Quarter
Mortgage loans at fair value IncreaseDecreaseInMortgageLoansHeldForSale $-12.27B USD 1 Quarter
Derivative assets IncreaseDecreaseInDerivativeAssets $174.58M USD 1 Quarter
Derivative assets IncreaseDecreaseInDerivativeAssets $52.10M USD 1 Quarter
Other assets IncreaseDecreaseInOtherOperatingAssets $309.03M USD 1 Quarter
Other assets IncreaseDecreaseInOtherOperatingAssets $173.09M USD 1 Quarter
Derivative liabilities IncreaseDecreaseInDerivativeLiabilities $78.69M USD 1 Quarter
Derivative liabilities IncreaseDecreaseInDerivativeLiabilities $-10.76M USD 1 Quarter
Other liabilities IncreaseDecreaseInOtherOperatingLiabilities $91.39M USD 1 Quarter
Other liabilities IncreaseDecreaseInOtherOperatingLiabilities $275.29M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $2.64B USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $11.75B USD 1 Quarter
Purchases of premises and equipment PaymentsToAcquirePropertyPlantAndEquipment $9.81M USD 1 Quarter
Purchases of premises and equipment PaymentsToAcquirePropertyPlantAndEquipment $6.10M USD 1 Quarter
Net proceeds from sale of mortgage servicing rights ProceedsFromSaleOfMortgageServicingRightsMSR $2.58M USD 1 Quarter
Net proceeds from sale of mortgage servicing rights ProceedsFromSaleOfMortgageServicingRightsMSR $613.53M USD 1 Quarter
Proceeds from principal payments on investment securities ProceedsFromCollectionOfRetainedInterestInSecuritizedReceivables - USD 1 Quarter
Proceeds from principal payments on investment securities ProceedsFromCollectionOfRetainedInterestInSecuritizedReceivables $3.07M USD 1 Quarter
Net cash provided by (used in) investing activities NetCashProvidedByUsedInInvestingActivities $610.50M USD 1 Quarter
Net cash provided by (used in) investing activities NetCashProvidedByUsedInInvestingActivities $-7.23M USD 1 Quarter
Net borrowings under warehouse lines of credit ProceedsFromPaymentsForBorrowingsUnderWarehouseLinesOfCreditNet $-11.88B USD 1 Quarter
Net borrowings under warehouse lines of credit ProceedsFromPaymentsForBorrowingsUnderWarehouseLinesOfCreditNet $-2.12B USD 1 Quarter
Repayments of finance lease liabilities FinanceLeasePrincipalPayments $4.22M USD 1 Quarter
Repayments of finance lease liabilities FinanceLeasePrincipalPayments $2.86M USD 1 Quarter
Borrowings under equipment notes payable ProceedsFromNotesPayable $453.00K USD 1 Quarter
Borrowings under equipment notes payable ProceedsFromNotesPayable - USD 1 Quarter
Repayments under equipment notes payable RepaymentsOfNotesPayable $226.00K USD 1 Quarter
Repayments under equipment notes payable RepaymentsOfNotesPayable $1.56M USD 1 Quarter
Borrowings under operating lines of credit ProceedsFromLinesOfCredit $79.70M USD 1 Quarter
Borrowings under operating lines of credit ProceedsFromLinesOfCredit - USD 1 Quarter
Proceeds from business combination transaction ProceedsFromBusinessCombinationInvestingActivity $895.13M USD 1 Quarter
Proceeds from business combination transaction ProceedsFromBusinessCombinationInvestingActivity - USD 1 Quarter
Costs incurred related to business combination transaction CostsIncurredRelatedToBusinessCombinationInvestingActivity $11.26M USD 1 Quarter
Costs incurred related to business combination transaction CostsIncurredRelatedToBusinessCombinationInvestingActivity - USD 1 Quarter
Dividends paid PaymentsOfDividends $9.17M USD 1 Quarter
Dividends paid PaymentsOfDividends - USD 1 Quarter
Member distributions to SFS Corp. PaymentsOfDistributionsToAffiliates $300.44M USD 1 Quarter
Member distributions to SFS Corp. PaymentsOfDistributionsToAffiliates $1.10B USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivities $-12.19B USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivities $-2.26B USD 1 Quarter
INCREASE IN CASH AND CASH EQUIVALENTS CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $170.09M USD 1 Quarter
INCREASE IN CASH AND CASH EQUIVALENTS CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $368.83M USD 1 Quarter
CASH AND CASH EQUIVALENTS, BEGINNING OF THE PERIOD CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $901.17M USD Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF THE PERIOD CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $1.22B USD Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF THE PERIOD CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $1.59B USD Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF THE PERIOD CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $731.09M USD Point-in-time
CASH AND CASH EQUIVALENTS, END OF THE PERIOD CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $901.17M USD Point-in-time
CASH AND CASH EQUIVALENTS, END OF THE PERIOD CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $1.22B USD Point-in-time
CASH AND CASH EQUIVALENTS, END OF THE PERIOD CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $1.59B USD Point-in-time
CASH AND CASH EQUIVALENTS, END OF THE PERIOD CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $731.09M USD Point-in-time
Cash paid for interest InterestPaidNet $37.92M USD 1 Quarter
Cash paid for interest InterestPaidNet $36.08M USD 1 Quarter
Stockholders Equity 21 line items
Line Item Tag Value Unit Period
Balance at beginning of period MembersEquity $2.37B USD Point-in-time
Net income ProfitLoss $453.29M USD 1 Quarter
Net income ProfitLoss $183.76M USD Point-in-time
Net income ProfitLoss $860.00M USD 1 Quarter
Member distributions PartnersCapitalAccountDistributions $1.10B USD Point-in-time
Member distributions PartnersCapitalAccountDistributions $450.62M USD 1 Quarter
Balance at end of period MembersEquity $2.37B USD Point-in-time
Balance at beginning of period StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.17B USD Point-in-time
Balance at beginning of period StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest - USD Point-in-time
Balance at beginning of period StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.17B USD Point-in-time
Balance at beginning of period StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.78B USD Point-in-time
Opening net liabilities of Gores Holdings IV, Inc. acquired NetAssetsAcquiredLiabilitiesAssumed $-75.38M USD 1 Quarter
Dividend and distribution DividendsCommonStock $160.52M USD 1 Quarter
Dividend and distribution DividendsCommonStock $9.25M USD 1 Quarter
Member distributions to SFS Corp. MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders $2.91M USD 1 Quarter
Stock-based compensation expense (in shares) ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesIssuedInPeriod 925,198.00 shares 1 Quarter
Stock-based compensation expense AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $1.83M USD 1 Quarter
Balance at end of period StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.17B USD Point-in-time
Balance at end of period StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest - USD Point-in-time
Balance at end of period StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.17B USD Point-in-time
Balance at end of period StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.78B USD Point-in-time

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

NEWS
Loading article...
NEWS
Loading news...
TRENDING
Loading...