$PMT Cashflow Statement | Understand Stock

$PMT

$7.27 +$0.01 (0.14%) Close

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Financial Statements

Income Statement Balance Sheet Cashflow Statement

Consolidated Statements of Cash Flows

In millions of USD, except per-share amounts

	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 flows from operating activities
Net income
Adjustments to reconcile net income to net cash (used in) provided by operating activities:
Net gains on investments and financings
Net gains on loans held for sale
Capitalization of interest and fees on loans at fair value
Accrual of interest on excess servicing spread purchased from PennyMac Financial Services, Inc.
Change in fair value of mortgage servicing rights
Mortgage servicing rights hedging results
Accrual of unearned discounts and amortization of purchase premiums on mortgage-backed securities, loans held for investment, and asset-backed financings
Amortization of debt issuance costs
Results of real estate acquired in settlement of loans
Share-based compensation expense
Gain on early extinguishment of debt
Reversal of contingent underwriting fees
Purchase of loans held for sale from nonaffiliates
Purchase of loans held for sale from PennyMac Financial Services, Inc.
Sale to nonaffiliates and repayment of loans held for sale
Sale of loans held for sale to PennyMac Financial Services, Inc.
Repurchase of loans subject to representations and warranties
Decrease (increase) in servicing advances
(Increase) decrease in due from PennyMac Financial Services, Inc.
Repurchase of real estate previously sold as loans acquired for sale
Increase in other assets
Increase (decrease) in accounts payable and accrued liabilities
(Decrease) increase in due to PennyMac Financial Services, Inc.
Settlement of repurchase agreement derivatives
(Decrease) increase in income taxes payable

Net cash (used in) provided by operating activities
Cash flows from investing activities
Net (increase) decrease in short-term investments
Purchase of mortgage-backed securities
Purchase of securities secured by loans held in consolidated variable interest entities
Purchase of subordinate mortgage pass-through security associated with consolidated variable interest entity
Sale and repayment of mortgage-backed securities
Repurchase of loans at fair value
Repayment of excess servicing spread receivable from PennyMac Financial Services, Inc.
Repayment of loans at fair value
Settlement and repayment of excess servicing spread receivable from PennyMac Financial Services, Inc.
Repayment of loans held for investment
Net settlement of derivative financial instruments
Settlement of firm commitment to purchase credit risk transfer securities
Deposit of cash securing credit risk transfer arrangements
Distribution from credit risk transfer arrangements
Purchase of mortgage servicing rights
Transfer of mortgage servicing rights relating to delinquent loans to Agency
Sale of mortgage servicing rights
Sale of real estate acquired in settlement of loans
(Increase) decrease in margin deposits
Net cash provided by (used in) investing activities

Cash flows 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 agreements
Repayment of mortgage loan participation purchase and sale agreements
Issuance of notes payable secured by credit risk transfer and mortgage servicing assets
Repayment of notes payable secured by credit risk transfer and mortgage servicing assets
Repayment of exchangeable senior notes
Issuance of unsecured senior notes
Repayment of unsecured senior notes
Issuance of asset-backed financings of variable interest entities
Repayment of asset-backed financings of variable interest entities
Sale of assets sold to PennyMac Financial Services, Inc. under agreement to repurchase
Payment of debt issuance costs
Repurchase of assets sold to PennyMac Financial Services, Inc. under agreement to repurchase
Payment of dividends to preferred shareholders
Payment of dividends to common shareholders
Payment of vested share-based compensation tax withholdings
Issuance of common shares
Issuance of preferred shares
Payment of issuance costs related to preferred shares
Preferred Stock
Total payment of issuance costs related to preferred shares

Payment of contingent underwriting fees payable related to common shares
Repurchase of common shares of beneficial interest
Net cash used in financing activities

Net (decrease) increase in cash
Cash at beginning of year
Cash at end of year
Payments, net:
Income taxes
Interest
Non cash investing activities:
Retention of subordinate mortgage-backed securities in loan securitizations
Recognition of loans held for investment resulting from initial consolidation of variable interest entities
Recognition of loans at fair value resulting from initial consolidation of variable interest entities
Recombination of MSRs to loans at fair value resulting from initial consolidation of variable interest entity
Receipt of excess servicing spread pursuant to recapture agreement with PennyMac Financial Services, Inc.
Transfer of firm commitment to purchase CRT securities to investment securities
Transfer of loans and servicing advances to real estate acquired in settlement of loans
Receipt of mortgage servicing rights as proceeds from sales of loans
Unsettled purchase of mortgage servicing rights
Exchange of mortgage servicing spread for interest-only stripped mortgage-backed securities and interest receivable

Non-cash financing activities:
Recognition of asset-backed financings resulting from initial consolidation of VIEs
Dividends declared, not paid

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