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SEGMENT REPORTING (Tables)
3 Months Ended
Mar. 31, 2014
SEGMENT REPORTING  
Schedule of financial information of segments

 

 

 

 

Three months ended March 31, 2014

 

 

 

 

 

 

 

 

 

Corporate

 

 

 

 

 

Mortgage

 

Financial

 

Technology

 

Items and

 

Consolidated

 

(in thousands)

 

Services

 

Services

 

Services

 

Eliminations

 

Altisource

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenue

 

$

175,776

 

$

24,285

 

$

47,504

 

$

(8,296

)

$

239,269

 

Cost of revenue

 

102,804

 

14,613

 

37,765

 

(7,377

)

147,805

 

Gross profit

 

72,972

 

9,672

 

9,739

 

(919

)

91,464

 

Selling, general and administrative expenses

 

19,194

 

4,663

 

6,594

 

13,083

 

43,534

 

Income from operations

 

53,778

 

5,009

 

3,145

 

(14,002

)

47,930

 

Other income (expense), net

 

48

 

(1

)

(16

)

(4,760

)

(4,729

)

Income before income taxes and non-controlling interests

 

$

53,826

 

$

5,008

 

$

3,129

 

$

(18,762

)

$

43,201

 

 

 

 

Three months ended March 31, 2013

 

 

 

 

 

 

 

 

 

Corporate

 

 

 

 

 

Mortgage

 

Financial

 

Technology

 

Items and

 

Consolidated

 

(in thousands)

 

Services

 

Services

 

Services

 

Eliminations

 

Altisource

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenue

 

$

117,448

 

$

16,336

 

$

20,231

 

$

(5,188

)

$

148,827

 

Cost of revenue

 

72,369

 

12,026

 

17,112

 

(4,545

)

96,962

 

Gross profit

 

45,079

 

4,310

 

3,119

 

(643

)

51,865

 

Selling, general and administrative expenses

 

5,458

 

2,850

 

1,865

 

8,507

 

18,680

 

Income from operations

 

39,621

 

1,460

 

1,254

 

(9,150

)

33,185

 

Other income (expense), net

 

(173

)

(3

)

4

 

(2,335

)

(2,507

)

Income before income taxes and non-controlling interests

 

$

39,448

 

$

1,457

 

$

1,258

 

$

(11,485

)

$

30,678

 

 

 

 

 

 

 

 

 

 

Corporate

 

 

 

 

 

Mortgage

 

Financial

 

Technology

 

Items and

 

Consolidated

 

(in thousands)

 

Services

 

Services

 

Services

 

Eliminations

 

Altisource

 

 

 

 

 

 

 

 

 

 

 

 

 

Total assets:

 

 

 

 

 

 

 

 

 

 

 

March 31, 2014

 

$

315,551

 

$

59,784

 

$

248,359

 

$

110,357

 

$

734,051

 

December 31, 2013

 

310,253

 

55,930

 

274,766

 

85,928

 

726,877

 

Schedule of premises and equipment, net by country

 

 

 

March 31,

 

December 31,

 

(in thousands)

 

2014

 

2013

 

 

 

 

 

 

 

United States

 

$

69,817

 

$

63,615

 

India

 

16,509

 

16,404

 

Luxembourg

 

4,410

 

3,217

 

Philippines

 

3,803

 

4,016

 

 

 

 

 

 

 

Total

 

$

94,539

 

$

87,252