IS by Segment & BS Highlights

($ in millions)

DECEMBER 31, 2015 Servicing Originations Reverse
Mortgage
Other Reportable Segments Total
Consolidated
REVENUE $669.5 $493.8 $147.6 $(36.7) $1,274.2
INCOME (LOSS) BEFORE INCOME TAXES $(269.8) $123.5 $(112.3) $(145.8) $(404.4)
ADJUSTED EARNINGS (LOSS) BEFORE INCOME TAXES $109.8 $140.4 $(8.0) $(122.3) $119.9
ADJUSTED EBITDA $380.3 $157.6 $(3.1) $14.9 $549.7
DECEMBER 31, 2014 Servicing Originations Reverse
Mortgage
Other Reportable Segments Total
Consolidated
REVENUE $857.4 $481.8 $157.2 $(9.2) $1,487.2
INCOME (LOSS) BEFORE INCOME TAXES $(29.3) $117.1 $(101.1) $(106.0) $(119.3)
ADJUSTED EARNINGS (LOSS) BEFORE INCOME TAXES $234.8 $138.3 $(4.0) $(103.3) $265.8
ADJUSTED EBITDA $424.5 $144.3 $0.8 $34.6 $604.2

2015 KEY OPERATING SEGMENT HIGHLIGHTS


Servicing  
Adjusted Average Serviced UPB
(in billions)
$244.7
Number of Units Serviced 2.1 million
AEBITDA as a % of Adjusted Average Serviced UPB (in millions) 16 bps
   
Originations  
Funded Volume (in billions) $25.1
Consumer Lending Direct Margin 192 bps
Correspondent Lending Direct Margin 40 bps
   
Reverse Mortgage  
UPB Securitized Volume (in billions) $1.5
Serviced UPB (in billions) $20.1


CONSOLIDATED BALANCE SHEET HIGHLIGHTS

($ in millions)

Adjusted EBITDA and Adjusted earnings are Non-GAAP financial measures. Please refer to our Form 10-K for the period ended December 31, 2015 and our other filings with the SEC for important information regarding Forward-Looking Statements, Risk Factors and the use of Non-GAAP Financial Measures (including reconciliations to GAAP measures).
  2015 2014
CASH $202.8 $320.2
CORPORATE DEBT $2,157.4 $2,237.0
EQUITY $804.7 $1,076.7