Attached files

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10-Q - 10-Q - Mr. Cooper Group Inc.wmih-10q_20170930.htm
EX-32.1 - EX-32.1 - Mr. Cooper Group Inc.wmih-ex321_9.htm
EX-31.2 - EX-31.2 - Mr. Cooper Group Inc.wmih-ex312_6.htm
EX-31.1 - EX-31.1 - Mr. Cooper Group Inc.wmih-ex311_7.htm

Exhibit 12.1

STATEMENT REGARDING COMPUTATION OF RATIO OF EARNINGS TO COMBINED FIXED CHARGES

AND PREFERRED DIVIDENDS

 

  

(dollars in thousands)

 

 

Nine months ended

September 30, 2017

 

 

Year ended

December 31, 2016

 

 

Year ended

December 31, 2015

 

 

Year ended

December 31, 2014

 

 

Year ended December 31, 2013

 

Net income (loss)

$

34,876

 

 

$

201,700

 

 

$

(61,833

)

 

$

3,070

 

 

$

338

 

Preferred deemed dividends

 

 

 

 

 

 

 

 

 

 

(9,455

)

 

 

 

Series B preferred stock dividends

 

(13,500

)

 

 

(18,000

)

 

 

(17,748

)

 

 

 

 

 

 

Net income (loss) attributable to common and participating stockholders

$

21,376

 

 

$

183,700

 

 

$

(79,581

)

 

$

(6,385

)

 

$

338

 

Interest on runoff notes

$

1,788

 

 

$

2,616

 

 

$

3,702

 

 

$

8,993

 

 

$

14,897

 

Interest charges due to debt facility termination

 

 

 

 

 

 

 

 

 

 

13,232

 

 

 

 

Total fixed charges

 

1,788

 

 

 

2,616

 

 

 

3,702

 

 

 

22,225

 

 

 

14,897

 

Preferred dividends

 

13,500

 

 

 

18,000

 

 

 

17,748

 

 

 

9,455

 

 

 

 

Total fixed charges and preferred dividends

$

15,288

 

 

$

20,616

 

 

$

21,450

 

 

$

31,680

 

 

$

14,897

 

Ratio of net income (loss) to combined fixed charges and preferred dividends

 

228

%

 

 

978

%

 

 

(288

%)

 

 

10

%

 

 

2

%

Ratio of net income (loss) attributable to common and participating stockholders to combined fixed charges and preferred dividends

 

140

%

 

 

891

%

 

 

(371

%)

 

 

(20

%)

 

 

2

%