Pennymac financial services, inc. (PFSI)
CashFlow / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18
Cash flow from operating activities
Net income

653

392

293

227

223

244

0

0

0

Adjustments to reconcile net income to net cash used in operating activities:
Net gains on loans held for sale at fair value

985

725

527

348

262

249

0

0

0

Change in fair value of mortgage servicing rights, mortgage servicing liabilities and excess servicing spread

449

583

525

431

320

245

0

0

0

Capitalization of interest on loans held for sale at fair value

75

73

69

76

81

79

0

0

0

Accrual of interest on excess servicing spread financing payable to PennyMac Mortgage Investment Trust

9

10

11

13

14

15

0

0

0

Amortization of net debt issuance cost and (premiums)

4

-4

-16

-23

-32

-29

0

0

0

Results of real estate acquired in settlement of loans

-0

0

1

1

0

0

0

0

0

Stock based compensation expense

32

24

23

23

23

25

0

0

0

Provision for servicing advance losses

35

36

36

36

38

40

0

0

0

Depreciation and amortization

17

15

14

14

13

12

0

0

0

Amortization of right-to-use assets

10

10

0

0

0

-

-

-

-

Origination of loans held for sale

15,243

11,831

8,609

7,007

5,260

5,000

0

0

0

Purchase of loans held for sale from non-affiliates

0

-

-

-

0

-

-

-

-

Purchase of loans from Ginnie Mae securities and early buyout investors for modification and subsequent sale

7,629

6,271

4,866

4,029

4,065

4,036

0

0

0

Sale to non-affiliates and principal payments of loans held for sale

72,014

61,214

49,433

42,911

41,990

44,557

0

0

0

Repurchase of loans subject to representations and warranties

30

18

16

24

23

26

0

0

0

Settlement of repurchase agreement derivatives

-

-

0

0

0

-

-

-

-

Increase in servicing advances

103

98

79

55

36

33

0

0

0

Sale of real estate acquired in settlement of loans

36

28

0

0

0

-

-

-

-

Sale of real estate acquired in settlement of loans

-

-

-

-

-

-

-

-

0

Decrease (increase) in other assets

23

62

39

25

52

7

0

0

0

Decrease in operating lease liabilities

13

12

0

0

0

-

-

-

-

Increase in accounts payable and accrued expenses

49

38

97

35

40

32

0

0

0

Net cash (used in) operating activities

-2,841

-2,245

-1,850

-905

-99

572

0

0

0

Cash flow from investing activities
Decrease (increase) in short-term investments

-147

-43

-54

-23

43

-52

0

0

0

Net settlement of derivative financial instruments used for hedging of mortgage servicing rights

-1,182

-366

-602

-332

-131

122

0

0

0

Purchase of mortgage servicing rights

40

227

274

415

411

227

0

0

0

Purchase of furniture, fixtures, equipment and leasehold improvements

4

6

10

13

12

13

0

0

0

Acquisition of capitalized software

36

29

26

28

20

17

0

0

0

Decrease in margin deposits

-83

21

174

-15

-5

7

0

0

0

Net cash provided by (used in) investing activities

1,357

148

196

-66

-334

-322

0

0

0

Cash flow from financing activities
Sale of assets under agreements to repurchase

75,931

63,803

51,353

41,566

39,985

41,375

0

0

0

Repurchase of assets sold under agreements to repurchase

73,637

61,596

49,552

40,643

39,646

41,820

0

0

0

Issuance of mortgage loan participation purchase and sale certificates

-23,168

-23,451

-23,384

-24,173

-24,685

-25,284

0

0

0

Repayment of mortgage loan participation purchase and sale certificates

23,188

23,485

23,394

24,178

24,647

25,279

0

0

0

Repayments of obligations under capital lease

0

-

0

0

0

-

-

-

-

Advances on notes payable

-

-

-

-

-

-

0

0

0

Repayments of notes payable

-

-

-

-

-

-

0

0

0

Repayments of obligations under capital lease

-

-

-

-

-

-

-

-

0

Repayment of excess servicing spread financing

0

-

0

0

0

-

0

0

0

Payment of debt issuance costs

8

6

9

13

13

19

0

0

0

Issuance of common stock pursuant to exercise of stock options

6

5

4

3

3

5

0

0

0

Repurchase of common stock

0

-

-

-

-

-

-

-

-

Payment of withholding taxes relating to stock-based compensation

5

4

0

0

0

-

-

-

-

Payment of dividend to holders of common stock

0

-

-

-

-

-

-

-

-

Net cash provided by (used in) financing activities

2,217

2,128

1,752

1,013

439

-132

0

0

0

Net increase (decrease) in cash and restricted cash

734

32

98

41

6

117

0

0

0

Investment Funds
Carried Interest from Investment Funds

-

-

-

-

-

-0

0

0

0

PMT
Change in fair value of investment in common shares of PennyMac Mortgage Investment Trust

-0

0

0

0

0

0

0

0

0

Purchase of loans held for sale from PennyMac Mortgage Investment Trust

57,659

50,110

42,002

36,657

35,714

37,967

0

0

0

Sale of loans held for sale to Penny Mac Mortgage Investment Trust

7,617

6,255

5,101

4,134

3,446

3,343

0

0

0

(Increase) decrease in receivable from affiliates

33

20

16

18

5

9

0

0

0

Decrease in payable to affiliate

-24

-36

-33

-36

-43

-34

0

0

0

Increase in income taxes payable

198

104

85

53

33

25

0

0

0

Net change in assets purchased from PMT under agreement to resell

26

23

25

19

17

13

0

0

0