|
FY2025
12 months to Dec 31, 2025
|
FY2024
12 months to Dec 31, 2024
|
FY2023
12 months to Dec 31, 2023
|
FY2022
12 months to Dec 31, 2022
|
FY2021
12 months to Dec 31, 2021
|
|
|---|---|---|---|---|---|
| Cash flow from operating activities | |||||
| Net income | |||||
| Adjustments to reconcile net income to net cash used in operating activities: | |||||
| Net gains on loans held for sale at fair value | |||||
| Total net gains on loans held for sale at fair value | |||||
| Change in fair value of mortgage servicing rights, mortgage servicing liabilities | |||||
| Mortgage servicing rights hedging results | |||||
| Accrual of unearned discounts on principal-only stripped mortgage-backed securities | |||||
| Capitalization of interest on loans held for sale | |||||
| Amortization of debt issuance costs | |||||
| Results of real estate acquired in settlement in loans | |||||
| Change in fair value of investment in common shares of PennyMac Mortgage Investment Trust | |||||
| Total change in fair value of investment in common shares of PennyMac Mortgage Investment Trust | |||||
| Repricing of payable to exchanged Private National Mortgage Acceptance Company, LLC unitholders under tax receivable agreement | |||||
| Stock-based compensation expense | |||||
| Provision for servicing advance losses | |||||
| Depreciation and amortization | |||||
| Impairment of capitalized software | |||||
| Amortization of operating lease right-of-use assets | |||||
| Purchase of loans held for sale from non-affiliates | |||||
| Purchase of loans held for sale from PennyMac Mortgage Investment Trust | |||||
| Origination of loans held for sale | |||||
| Purchase of loans from Ginnie Mae securities and early buyout investors | |||||
| Sale to non-affiliates and principal payment of loans held for sale | |||||
| Sale of loans held for sale to PennyMac Mortgage Investment Trust | |||||
| Repurchase of loans subject to representations and warranties | |||||
| Increase in servicing advances | |||||
| Decrease (increase) in receivable from PennyMac Mortgage Investment Trust | |||||
| Total decrease (increase) in receivable from PennyMac Mortgage Investment Trust | |||||
| Sale of real estate acquired in settlement of loans | |||||
| Increase in other assets | |||||
| Increase in accounts payable and accrued expenses | |||||
| Decrease in operating lease liabilities | |||||
| Increase (decrease) in payable to PennyMac Mortgage Investment Trust | |||||
| Total increase (decrease) in payable to PennyMac Mortgage Investment Trust | |||||
| Increase in income taxes payable | |||||
| Total increase in income taxes payable | |||||
| Net cash used in operating activities | |||||
| Cash flow from investing activities | |||||
| Decrease (increase) in short-term investment | |||||
| Purchase of principal-only stripped mortgage-backed securities | |||||
| Repayment of principal-only stripped mortgage-backed securities | |||||
| Sale of interest-only stripped mortgage-backed securities | |||||
| Net settlement of derivative financial instruments used for hedging of mortgage servicing rights | |||||
| Sale of mortgage servicing rights to non-affiliates | |||||
| Sale of mortgage servicing rights to PennyMac Mortgage Investment Trust | |||||
| Acquisition of capitalized software | |||||
| Purchase of furniture, fixtures, equipment and leasehold improvements | |||||
| Sale of furniture, fixtures and equipment | |||||
| Increase in margin deposits | |||||
| Net cash provided by (used in) investing activities | |||||
| Cash flow from financing activities | |||||
| Sale of assets under agreements to repurchase | |||||
| Repurchase of assets sold under agreements to repurchase | |||||
| Issuance of mortgage loan participation purchase and sale certificates | |||||
| Repayment of mortgage loan participation purchase and sale certificates | |||||
| Issuance of notes payable secured by mortgage servicing assets | |||||
| Repayment of notes payable secured by mortgage servicing assets | |||||
| Issuance of unsecured senior notes | |||||
| Repayment of unsecured senior notes | |||||
| Payment of debt issuance costs | |||||
| Issuance of common stock by exercise of stock options | |||||
| Payment of withholding taxes relating to stock-based compensation | |||||
| Payment of dividends to holders of common stock | |||||
| Repurchase of common stock | |||||
| Net cash provided by financing activities | |||||
| Net increase (decrease) in cash | |||||
| Cash at beginning of year | |||||
| Cash at end of year | |||||
| Supplemental cash flow information: | |||||
| Cash paid for interest | |||||
| (Refunds received) cash paid for income taxes, net | |||||
| Non-cash investing activities: | |||||
| Mortgage servicing rights received from loan sales | |||||
| Unsettled portion of MSR sales | |||||
| Exchange of mortgage servicing spread for interest-only stripped mortgage-backed securities | |||||
| Operating right-of-use assets recognized | |||||
| Non-cash financing activities: | |||||
| Issuance of common stock in settlement of directors' fees | |||||
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