EX-99.1 2 exhibit991.htm SCHEDULE A Exhibit
Schedule A
2016 Non-GAAP Adjustments


 
Q1'16
 
Q2'16
 
Servicing segment
 
 
 
 
Servicing segment
 
 
 
($ in millions)
Q1'16 As Reported
 
Q1'16 Adjustment
 
Q1'16 As Adjusted
 
 
Consolidated As Adjusted
 
Q2'16 As Reported
 
Q2'16 Adjustment
 
Q2'16 As Adjusted
 
 
Consolidated As Adjusted
 
$
 
BPS
 
$
 
$
BPS
 
 
$
 
$
 
BPS
 
$
 
$
BPS
 
 
$
  Operational
$
317

 
32.3

 
—

 
$
317

32.3

 
 
 
 
$
333

 
35.4

 
$
—

 
$
333

35.4

 
 
 
  Amortization
(65
)
 
(6.6
)
 
—

 
(65
)
(6.6
)
 
 
 
 
(78
)
 
(8.3
)
 
—

 
(78
)
(8.3
)
 
 
 
  Other mark-to-market
(253
)
 
(25.8
)
 
(9
)
 
(262
)
(26.7
)
 
 
 
 
(221
)
 
(23.4
)
 
(10
)
 
(231
)
(24.5
)
 
 
 
Total revenue
(1
)
 
—

 
(9
)
 
(10
)
(1.0
)
 
 
$
255

 
34

 
3.7

 
(10
)
 
24

2.6

 
 
$
329

Expenses
184

 
18.8

 
(9
)
 
176

17.9

 
 
412

 
169

 
17.8

 
(10
)
 
159

16.8

 
 
413

Total other income (expense), net
(22
)
 
(2.3
)
 
—

 
(22
)
(2.3
)
 
 
(58
)
 
(23
)
 
(2.5
)
 
—

 
(23
)
(2.5
)
 
 
(60
)
Loss before taxes (GAAP)
(208
)
 
(21.2
)
 
—

 
(208
)
(21.2
)
 
 
(215
)
 
(158
)
 
(16.7
)
 
—

 
(158
)
(16.7
)
 
 
(144
)
Income tax benefit
 
 
 
 
 
 
 
 
 
 
82

 
 
 
 
 
 
 
 
 
 
 
53

Noncontrolling interest
 
 
 
 
 
 
 
 
 
 
(1
)
 
 
 
 
 
 
 
 
 
 
 
1

Net income attributable to
Nationstar
 
 
 
 
 
 
 
 
 
 
$
(132
)
 
 
 
 
 
 
 
 
 
 
 
$
(92
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  Mark-to-market
253

 
25.8

 
9

 
262

26.7

 
 
262

 
221

 
23.4

 
10

 
231

24.5

 
 
231

  Non-recurring
4

 
0.4

 
—

 
4

0.4

 
 
6

 
—

 
—

 
—

 
—

—

 
 
6

Adjusted pretax income
$
50

 
5.0

 
$
9

 
$
59

5.9

 
 
53

 
$
63

 
6.8

 
$
10

 
$
73

7.8

 
 
93

Income tax expense
 
 
 
 
 
 
 
 
 
 
(20
)
 
 
 
 
 
 
 
 
 
 
 
(34
)
Adjusted earnings
 
 
 
 
 
 
 
 
 
 
$
33

 
 
 
 
 
 
 
 
 
 
 
$
59

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Earnings per share
 
 
 
 
 
 
 
 
 
 
$
(1.28
)
 
 
 
 
 
 
 
 
 
 
 
$
(0.92
)
Adjusted Earnings per share
 
 
 
 
 
 
 
 
 
 
$
0.32

 
 
 
 
 
 
 
 
 
 
 
$
0.59