Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2022

Earnings Per Share [Abstract]

Schedule of Earnings Per Share

The following table sets forth the computation of basic and diluted net income (loss) per common share (amounts in millions, except per share amounts):

	Year Ended December 31,
Computation of Earnings Per Share	2022		2021		2020
Net income from continuing operations	$	923	$	1,466	$	309
Less: Net income attributable to non-controlling interests	—		—		2
Less: Undistributed earnings from continuing operations attributable to participating stockholders	—		8		3
Less: Premium on retirement of preferred stock	—		28		—
Net income from continuing operations attributable to Mr. Cooper common stockholders	$	923	$	1,430	$	304
Net loss from discontinued operations	$	—	$	(12)	$	(2)
Less: Undistributed earnings from discontinued operations attributable to participating stockholders	—		—		—
Net loss from discontinued operations attributable to Mr. Cooper common stockholders	$	—	$	(12)	$	(2)
Net income	$	923	$	1,454	$	307
Less: Net income attributable to non-controlling interests	—		—		2
Net income attributable to Mr. Cooper	$	923	$	1,454	$	305
Less: Undistributed earnings attributable to participating stockholders	—		8		3
Less: Premium on retirement of preferred stock	—		28		—
Net income attributable to common stockholders	$	923	$	1,418	$	302
Earnings from continuing operations per common share attributable to Mr. Cooper:
Basic	$	12.84	$	17.39	$	3.33
Diluted	$	12.50	$	16.67	$	3.22
Earnings from discontinued operations per common share attributable to Mr. Cooper:
Basic	$	—	$	(0.15)	$	(0.02)
Diluted	$	—	$	(0.14)	$	(0.02)
Earnings per common share attributable to Mr. Cooper:
Basic	$	12.84	$	17.24	$	3.31
Diluted	$	12.50	$	16.53	$	3.20
Weighted average shares of common stock outstanding (in thousands):
Basic	71,885		82,247		91,312
Dilutive effect of stock awards	1,933		3,067		2,343
Dilutive effect of participating securities	—		492		839
Diluted	73,818		85,806		94,494