Condensed Financial Information of Registrant (Tables)
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12 Months Ended |
Dec. 31, 2023 |
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| Condensed Financial Information Disclosure [Abstract] |
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| Condensed Balance Sheet |
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| Finance of America Companies Inc. |
| (Parent Company Only) |
| Condensed Statements of Financial Condition |
| (In thousands, except share data) |
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December 31, 2023 |
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December 31, 2022 |
| ASSETS |
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| Investment in subsidiaries |
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$ |
238,372
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$ |
259,895 |
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| TOTAL ASSETS |
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$ |
238,372
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$ |
259,895 |
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| LIABILITIES AND EQUITY |
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| Payables and other liabilities |
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$ |
5,895
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$ |
5,784 |
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| TOTAL LIABILITIES |
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5,895
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5,784 |
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| EQUITY |
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Class A Common Stock, $0.0001 par value; 6,000,000,000 shares authorized; 100,599,241 and 67,681,856 shares issued, respectively, and 96,340,741 and 63,423,356 shares outstanding, respectively |
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10
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6 |
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| Additional paid-in capital |
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946,929
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888,488 |
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| Accumulated deficit |
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(714,383) |
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(634,295) |
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| Accumulated other comprehensive loss |
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(79) |
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(88) |
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| TOTAL EQUITY |
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232,477
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254,111 |
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| TOTAL LIABILITIES AND EQUITY |
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$ |
238,372
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$ |
259,895 |
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| Condensed Income Statement |
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| Finance of America Companies Inc. |
| (Parent Company Only) |
| Condensed Statements of Operations and Comprehensive Loss |
(In thousands) |
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For the year ended December 31, 2023 |
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For the year ended December 31, 2022 |
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| OTHER, NET |
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$ |
(788) |
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$ |
40,163 |
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| NET INCOME (LOSS) BEFORE INCOME TAXES |
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(788) |
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40,163 |
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| Benefit for income taxes applicable to parent |
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(677) |
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(17,524) |
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| NET INCOME (LOSS) |
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(111) |
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57,687 |
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| Deficit in undistributed loss from subsidiaries |
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(79,977) |
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(248,369) |
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| NET LOSS ATTRIBUTABLE TO CONTROLLING INTEREST |
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(80,088) |
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(190,682) |
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| Other comprehensive income (loss) |
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9
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(54) |
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| COMPREHENSIVE LOSS ATTRIBUTABLE TO CONTROLLING INTEREST |
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$ |
(80,079) |
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$ |
(190,736) |
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| Condensed Statement of Comprehensive Income |
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| Finance of America Companies Inc. |
| (Parent Company Only) |
| Condensed Statements of Operations and Comprehensive Loss |
(In thousands) |
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For the year ended December 31, 2023 |
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For the year ended December 31, 2022 |
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| OTHER, NET |
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$ |
(788) |
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$ |
40,163 |
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| NET INCOME (LOSS) BEFORE INCOME TAXES |
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(788) |
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40,163 |
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| Benefit for income taxes applicable to parent |
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(677) |
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(17,524) |
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| NET INCOME (LOSS) |
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(111) |
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57,687 |
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| Deficit in undistributed loss from subsidiaries |
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(79,977) |
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(248,369) |
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| NET LOSS ATTRIBUTABLE TO CONTROLLING INTEREST |
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(80,088) |
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(190,682) |
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| Other comprehensive income (loss) |
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9
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(54) |
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| COMPREHENSIVE LOSS ATTRIBUTABLE TO CONTROLLING INTEREST |
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$ |
(80,079) |
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$ |
(190,736) |
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