Mr Cooper Group Inc (COOP)

[WithCatz]

Actually Tanj -- that's not "eliminated on consolidation". You are reading something entirely else, titled - "elimination of intercompany revenue and expenses"

-------------------------------

"Eliminated on Consolidation" is a completely different thing:

It's an accounting term.

Please google "eliminated on consolidation" gaap -- and read how it is a term d'art in the accounting world.

It's a reference to summarized reporting. Nothing more.

Go ask an accountant familiar with the GAAP phrase. Or google other examples where it was used, and see if the 'subsidiary' being referenced actually got "eliminated". Nope.

If you're applying dictionary lay-person definitions to "fully" "eliminated" "on" "consolidation" and trying to discern what it means, you're off in left-field.

It's accounting-speak. Just like we know about lawyer-speak phrases that don't mean what the individual words say.

...Catz