Last $28.04 USD
Change Today -0.87 / -3.01%
Volume 3.4M
OCN On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 09/19/14 All times are local (Market data is delayed by at least 15 minutes).

Financial Statements for ocwen financial corp (OCN)

Year over year, Ocwen Financial Corp. has been able to grow revenues from $804.4M USD to $1.8B USD. Most impressively, the company has been able to reduce the percentage of sales devoted to income tax expense from 9.52% to 2.31%. This was a driver that led to a bottom line growth from $180.9M USD to $310.4M USD.
Currency in
Millions of US Dollars
As of:Dec 31
2010
Reclassified
Dec 31
2011
Restated
Dec 31
2012
Restated
Dec 31
2013
Restated
4 Year
Trend
Revenues355.4458.8804.41,823.6
Other Revenues5.037.140.8214.7
TOTAL REVENUES360.4495.9845.22,038.3
Cost of Goods Sold6.98.225.6142.9
GROSS PROFIT353.4487.7819.61,895.3
Selling General & Admin Expenses, Total137.0127.9230.4812.3
Depreciation & Amortization, Total31.543.072.9282.8
Other Operating Expenses9.111.221.594.1
OTHER OPERATING EXPENSES, TOTAL177.6182.0324.81,189.2
OPERATING INCOME175.9305.6494.9706.2
Interest Expense-85.9-132.8-223.5-395.6
Interest and Investment Income10.98.98.322.4
NET INTEREST EXPENSE-75.1-123.9-215.1-373.2
Income (Loss) on Equity Investments1.4------
Currency Exchange Gains (Loss)---7.2----
Other Non-Operating Income (Expenses)-6.1-5.9-3.3-2.6
EBT, EXCLUDING UNUSUAL ITEMS96.0168.6276.4330.3
Merger & Restructuring Charges-52.0-49.3-13.6--
Gain (Loss) on Sale of Investments-1.9------
Gain (Loss) on Sale of Assets-----3.2--
Other Unusual Items, Total-2.93.7-2.122.1
Other Unusual Items--3.7-2.2-8.7
EBT, INCLUDING UNUSUAL ITEMS39.2123.0257.5352.5
Income Tax Expense5.544.776.642.1
Minority Interest in Earnings0.00.0----
Earnings from Continuing Operations33.678.3180.9310.4
EARNINGS FROM DISCOUNTINUED OPERATIONS4.4------
NET INCOME38.078.3180.9310.4
NET INCOME TO COMMON INCLUDING EXTRA ITEMS38.078.3180.8298.4
NET INCOME TO COMMON EXCLUDING EXTRA ITEMS33.678.3180.8298.4
 

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OCN:US $28.04 USD -0.87

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Industry Analysis

OCN

Industry Average

Valuation OCN Industry Range
Price/Earnings 12.8x
Price/Sales 1.8x
Price/Book 2.1x
Price/Cash Flow 6.2x
TEV/Sales NM Not Meaningful
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