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Quarterly Financial Data (Unaudited)
 12 Months Ended
Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Data (Unaudited)
25. Quarterly Financial Data (Unaudited)

The unaudited quarterly consolidated results of operations are summarized in the tables below:

 
Successor
 
Year Ended December 31, 2019
 
First Quarter
 
Second Quarter
 
Third Quarter
 
Fourth Quarter
Service related revenue, net
$
84

 
$
137

 
$
258

 
$
430

Net gain on mortgage loans held for sale
166

 
262

 
360

 
310

Total revenues
250

 
399

 
618

 
740

Total expenses
443

 
492

 
478

 
438

Total other income (expenses), net
(40
)
 
(24
)
 
(33
)
 
(62
)
(Loss) income before income tax (benefit) expense
(233
)
 
(117
)
 
107

 
240

Less: Income tax (benefit) expense
(47
)
 
(29
)
 
24

 
(221
)
Net (loss) income
(186
)
 
(88
)
 
83

 
461

Less: Net loss attributable to non-controlling interests
—

 
(1
)
 
(1
)
 
(2
)
Net (loss) income attributable to Mr. Cooper
$
(186
)
 
$
(87
)
 
$
84

 
$
463

Less: Undistributed earnings attributable to participating stockholders(1)
—

 
—

 
1

 
4

Net (loss) income attributable to common stockholders
$
(186
)
 
$
(87
)
 
$
83

 
$
459

 
 
 
 
 
 
 
 
Net (loss) income per common share attributable to Mr. Cooper common stockholders:
 
 
 
 
 
 
 
Basic
$
(2.05
)
 
$
(0.96
)
 
$
0.91

 
$
5.03

Diluted
$
(2.05
)
 
$
(0.96
)
 
$
0.90

 
$
4.95



 
Predecessor
 
 
Successor
 
Quarter Ended March 31, 2018
 
Quarter Ended June 30, 2018
 
One Month Ended July 31, 2018
 
 
Two Months Ended September 30, 2018
 
Quarter Ended December 31, 2018
Service related revenue, net
$
464

 
$
317

 
$
120

 
 
$
259

 
$
159

Net gain on mortgage loans held for sale
124

 
127

 
44

 
 
83

 
93

Total revenues
588

 
444

 
164

 
 
342

 
252

Total expenses
364

 
339

 
242

 
 
275

 
432

Total other income (expenses), net
(18
)
 
(26
)
 
(5
)
 
 
(26
)
 
2

Income (loss) before income tax expense (benefit)
206

 
79

 
(83
)
 
 
41

 
(178
)
Less: Income tax expense (benefit)
46

 
21

 
(19
)
 
 
(979
)
 
(42
)
Net income (loss)
160

 
58

 
(64
)
 
 
1,020

 
(136
)
Less: Net income attributable to non-controlling interests
—

 
—

 
—

 
 
—

 
—

Net income (loss) attributable to Predecessor/Successor
160

 
58

 
(64
)
 
 
1,020

 
(136
)
Less: Undistributed earnings attributable to participating stockholders(1)
—

 
—

 
—

 
 
9

 
—

Net income (loss) attributable to common stockholders
$
160

 
$
58

 
$
(64
)
 
 
$
1,011

 
$
(136
)
 
 
 
 
 
 
 
 
 
 
 
Net income (loss) per common share attributable to Predecessor/Successor common stockholders:
 
 
 
 
 
 
 
 
 
 
Basic
$
1.63

 
$
0.59

 
$
(0.65
)
 
 
$
11.13

 
$
(1.50
)
Diluted
$
1.61

 
$
0.59

 
$
(0.65
)
 
 
$
10.99

 
$
(1.50
)

(1) 
Undistributed earnings allocated to participating securities and earnings per share are computed independently for each period. Accordingly, the sum of each quarterly amount may not agree to the year-to-date total.