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SEC Filings

10-K
DITECH HOLDING CORP filed this Form 10-K on 04/16/2019
Entire Document
 

Ditech Holding Corporation
Schedule I
Financial Information
(Parent Company Only)
(in thousands, except share and per share data)
 
 
Successor
 
 
Predecessor
 
 
December 31, 2018
 
 
December 31, 2017
ASSETS
 
 
 
 
 
Cash and cash equivalents
 
$
948

 
 
$
506

Restricted cash and cash equivalents
 
1,509

 
 
1,503

Residential loans at amortized cost, net
 

 
 
11,602

Residential loans at fair value
 
1,028

 
 

Receivables, net
 
19,423

 
 
17,546

Premises and equipment, net
 
104

 
 
600

Deferred tax assets, net
 

 
 
2,119

Other assets
 
36,076

 
 
27,639

Due from affiliates, net
 

 
 
89,429

Investments in consolidated subsidiaries and VIEs
 
1,317,587

 
 
1,453,385

Total assets
 
$
1,376,675

 
 
$
1,604,329

 
 
 
 
 
 
LIABILITIES AND STOCKHOLDERS' DEFICIT
 
 
 
 
 
Payables and accrued liabilities
 
$
35,701

 
 
$
31,922

Corporate debt
 
1,133,218

 
 
1,214,663

Due to affiliates, net
 
225,879

 
 

Total liabilities not subject to compromise
 
1,394,798

 
 
1,246,585

Liabilities subject to compromise
 

 
 
806,937

Total liabilities
 
1,394,798

 
 
2,053,522

 
 
 
 
 
 
Stockholders' deficit:
 
 
 
 
 
Preferred stock, $0.01 par value per share (Successor and Predecessor):
 
 
 
 
 
Authorized - 10,000,000 shares, including 100,000 shares of mandatorily convertible preferred stock, at December 31, 2018 (Successor) and 10,000,000 shares at December 31, 2017 (Predecessor)
 
 
 
 
 
Issued and outstanding - 91,408 shares at December 31, 2018 (Successor) and 0 shares at December 31, 2017 (Predecessor) (liquidation preference $97,246)
 
1

 
 

Common stock, $0.01 par value per share (Successor and Predecessor):
 
 
 
 
 
Authorized - 90,000,000 shares (Successor and Predecessor)
 
 
 
 
 
Issued and outstanding - 5,328,417 shares at December 31, 2018 (Successor) and 37,373,616 shares at December 31, 2017 (Predecessor)
 
53

 
 
374

Additional paid-in capital
 
186,825

 
 
598,193

Accumulated deficit
 
(205,094
)
 
 
(1,048,817
)
Accumulated other comprehensive income
 
92

 
 
1,057

Total stockholders' deficit
 
(18,123
)
 
 
(449,193
)
Total liabilities and stockholders' deficit
 
$
1,376,675

 
 
$
1,604,329

The accompanying notes are an integral part of these financial statements.

F-91