Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Equity

v3.22.2
Condensed Consolidated Statements of Equity - USD ($)
$ in Thousands
Total
Additional Paid-in Capital
Accumulated Deficit
FoA Equity Capital LLC Member's Equity
Accumulated Other Comprehensive Income (Loss)
Noncontrolling Interest
Class A Common Stock
Common Stock
Class B Common Stock
Common Stock
Balance at beginning of period at Dec. 31, 2020 $ 628,040     $ 628,176 $ 9 $ (145)    
Net income (loss) 124,320              
Contributions from members 1,426     1,426        
Distributions to members (75,000)     (75,000)        
Noncontrolling interest distributions (620)         (620)    
Net income 120,060     119,859   201    
Accretion of CRNCI to redemption price (32,725)     (32,725)        
Foreign currency translation adjustment (11)       (11)      
Balance at end of period at Mar. 31, 2021 641,170     $ 641,736 (2) (564)    
Balance at end of period at Mar. 31, 2021 2,344,981 $ 758,243 $ (71,813)   0 $ 1,658,545 $ 6 $ 0
Balance at end of period (in shares) at Mar. 31, 2021           131,318,286 59,881,714 7
Net income (loss) (14,824)   2,265     $ (17,089)    
Noncontrolling interest contributions 24         24    
Noncontrolling interest distributions (137)         (137)    
Equity based compensation, net 49,278 49,278            
Foreign currency translation adjustment (27)       (27)      
Balance at end of period at Jun. 30, 2021 2,379,295 807,521 (69,548)   (27) $ 1,641,343 $ 6 $ 0
Balance at end of period (in shares) at Jun. 30, 2021           131,318,286 59,881,714 7
Balance at beginning of period at Dec. 31, 2021 1,083,010 831,620 (443,613)   (110) $ 695,107 $ 6 $ 0
Balance at beginning of period (in shares) at Dec. 31, 2021           128,693,867 60,755,069 15
Net income (loss) (231,818)   (49,173)     $ (182,645)    
Noncontrolling interest contributions 42         42    
Noncontrolling interest distributions (192)         (192)    
Equity based compensation, net 20,883 20,883            
Conversion of LLC Units for Class A Common Stock (Note 22—Equity) (116) 424       $ (540)    
Conversion of LLC Units for Class A Common Stock (Note 22—Equity) (shares)           (108,113) 108,113  
Settlement of LTIP RSUs, net (Note 21—Earnings Per Share) (4,751) 11,011       $ (15,762)    
Settlement of LTIP RSUs, net (Note 21—Earnings Per Share) (shares)           (3,172,247) 3,172,247  
Settlement of other RSUs (Note 21—Earnings Per Share)             93,455  
Cancellation of shares to fund employee tax withholdings (Note 22—Equity) (3,706) (3,706)            
Cancellation of shares to fund employee tax withholdings (Note 22—Equity) (in shares)             (1,654,331)  
Foreign currency translation adjustment (152)       (152)      
Balance at end of period at Jun. 30, 2022 863,200 860,232 (492,786)   (262) $ 496,010 $ 6 $ 0
Balance at end of period (in shares) at Jun. 30, 2022           125,413,507 62,474,553 15
Balance at beginning of period at Mar. 31, 2022 1,032,095 845,002 (452,106)   (99) $ 639,292 $ 6 $ 0
Balance at beginning of period (in shares) at Mar. 31, 2022           128,633,367 60,815,569 15
Net income (loss) (167,823)   (40,680)     $ (127,143)    
Noncontrolling interest contributions 42         42    
Noncontrolling interest distributions (192)         (192)    
Equity based compensation, net 7,779 7,779            
Conversion of LLC Units for Class A Common Stock (Note 22—Equity) (91) 194       $ (285)    
Conversion of LLC Units for Class A Common Stock (Note 22—Equity) (shares)           (58,417) 58,417  
Settlement of LTIP RSUs, net (Note 21—Earnings Per Share) (4,741) 10,963       $ (15,704)    
Settlement of LTIP RSUs, net (Note 21—Earnings Per Share) (shares)           (3,161,443) 3,161,443  
Settlement of other RSUs (Note 21—Earnings Per Share)             93,455  
Cancellation of shares to fund employee tax withholdings (Note 22—Equity) (3,706) (3,706)            
Cancellation of shares to fund employee tax withholdings (Note 22—Equity) (in shares)             (1,654,331)  
Foreign currency translation adjustment (163)       (163)      
Balance at end of period at Jun. 30, 2022 $ 863,200 $ 860,232 $ (492,786)   $ (262) $ 496,010 $ 6 $ 0
Balance at end of period (in shares) at Jun. 30, 2022           125,413,507 62,474,553 15