FLAGSTAR BANK, NATIONAL ASSOCIATION
Income Statement
| Line Item | FY2009 | FY2008 | FY2007 |
|---|---|---|---|
| Revenue | $1.06B | $691.0M | $727.6M |
| Cost of Revenue | — | — | — |
| Gross Profit | — | — | — |
| Gross Margin | — | — | — |
| Operating Expenses | |||
| Research & Development | — | — | — |
| SG&A Expense | $125.6M | $80.2M | $71.8M |
| Operating Income | $1.32B | $983.4M | $1.35B |
| Operating Margin | 124.4% | 142.3% | 185.9% |
| Interest Expense | $729.3M | $929.6M | $950.2M |
| Pretax Income | $593.1M | $53.8M | $402.1M |
| Income Tax Expense | $194.5M | $-24.1M | $123.0M |
| Net Income | $398.6M | $77.9M | $279.1M |
| Net Margin | 37.5% | 11.3% | 38.4% |
| EPS (Basic) | $1.13 | $0.23 | $0.90 |
| EPS (Diluted) | $1.13 | $0.23 | $0.90 |
| Shares Outstanding (Basic) | 351.9M | 334.7M | — |
| Shares Outstanding (Diluted) | 351.9M | 335.4M | — |
| Dividends Per Share | — | — | — |