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SEGMENT REPORTING (Tables)
12 Months Ended
Dec. 31, 2013
SEGMENT REPORTING  
Schedule of financial information of segments

 

 

 

For the year ended December 31, 2013

 

 

 

 

 

 

 

 

 

Corporate

 

 

 

 

 

Mortgage

 

Financial

 

Technology

 

Items and

 

Consolidated

 

(in thousands)

 

Services

 

Services

 

Services

 

Eliminations

 

Altisource

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenue

 

$

596,152

 

$

92,958

 

$

103,891

 

$

(24,644

)

$

768,357

 

Cost of revenue

 

374,713

 

55,328

 

84,538

 

(22,099

)

492,480

 

Gross profit

 

221,439

 

37,630

 

19,353

 

(2,545

)

275,877

 

Selling, general and administrative expenses

 

46,515

 

15,571

 

12,442

 

39,282

 

113,810

 

Income from operations

 

174,924

 

22,059

 

6,911

 

(41,827

)

162,067

 

Other income (expense), net

 

(136

)

(10

)

7

 

(19,595

)

(19,734

)

Income before income taxes and non-controlling interests

 

$

174,788

 

$

22,049

 

$

6,918

 

$

(61,422

)

$

142,333

 

 

 

 

For the year ended December 31, 2012

 

 

 

 

 

 

 

 

 

Corporate

 

 

 

 

 

Mortgage

 

Financial

 

Technology

 

Items and

 

Consolidated

 

(in thousands)

 

Services

 

Services

 

Services

 

Eliminations

 

Altisource

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenue

 

$

452,796

 

$

64,522

 

$

74,189

 

$

(23,147

)

$

568,360

 

Cost of revenue

 

285,586

 

46,737

 

54,634

 

(20,756

)

366,201

 

Gross profit

 

167,210

 

17,785

 

19,555

 

(2,391

)

202,159

 

Selling, general and administrative expenses

 

25,099

 

13,415

 

8,888

 

27,310

 

74,712

 

Income from operations

 

142,111

 

4,370

 

10,667

 

(29,701

)

127,447

 

Other income (expense), net

 

(1,713

)

(27

)

(25

)

(1,033

)

(2,798

)

Income before income taxes and non-controlling interests

 

$

140,398

 

$

4,343

 

$

10,642

 

$

(30,734

)

$

124,649

 

 

 

 

For the year ended December 31, 2011

 

 

 

 

 

 

 

 

 

Corporate

 

 

 

 

 

Mortgage

 

Financial

 

Technology

 

Items and

 

Consolidated

 

(in thousands)

 

Services

 

Services

 

Services

 

Eliminations

 

Altisource

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenue

 

$

311,921

 

$

71,181

 

$

56,094

 

$

(15,509

)

$

423,687

 

Cost of revenue

 

202,035

 

51,096

 

36,874

 

(14,156

)

275,849

 

Gross profit

 

109,886

 

20,085

 

19,220

 

(1,353

)

147,838

 

Selling, general and administrative expenses

 

15,278

 

15,634

 

4,867

 

26,352

 

62,131

 

Income from operations

 

94,608

 

4,451

 

14,353

 

(27,705

)

85,707

 

Other income (expense), net

 

248

 

(34

)

(49

)

38

 

203

 

Income before income taxes and non-controlling interests

 

$

94,856

 

$

4,417

 

$

14,304

 

$

(27,667

)

$

85,910

 

 

 

 

 

 

 

 

 

 

 

Corporate

 

 

 

 

 

Mortgage

 

Financial

 

Technology

 

Items and

 

Consolidated

 

(in thousands)

 

Services

 

Services

 

Services

 

Eliminations

 

Altisource

 

 

 

 

 

 

 

 

 

 

 

 

 

Total assets:

 

 

 

 

 

 

 

 

 

 

 

December 31, 2013

 

$

308,214

 

$

55,930

 

$

274,766

 

$

85,928

 

$

724,838

 

December 31, 2012

 

132,924

 

37,782

 

64,570

 

193,950

 

429,226

 

Schedule of premises and equipment, net by country

 

 

 

Premises &
equipment, net

 

Country

 

(in thousands)

 

 

 

 

 

United States

 

$

63,615

 

India

 

16,404

 

Luxembourg

 

3,217

 

Philippines

 

4,016

 

 

 

 

 

Total

 

$

87,252