← PennyMac Mortgage Investment Trust
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income (Loss) Available to Common Stockholders, Basic | $74.5m |
$101.5m
+36.27%
|
$127.1m
+25.24%
|
$200.9m
+58.02%
|
$27.1m
-86.48%
|
$25.6m
-5.54%
|
($115.5m)
-550.43%
|
$157.4m
+236.24%
|
$118.7m
-24.55%
|
$85.9m
-27.66%
|
— | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $75.8m | $117.7m | $152.8m | $226.4m | $52.4m | $56.9m | ($73.3m) | $199.7m | $161.0m | $127.9m | — | |
| Amortization of Debt Issuance Costs | $13.2m | $13.8m | — | — | — | — | — | — | — | — | — | |
| Amortization of Debt Issuance Costs and Discounts | — | — | ($9.3m) | $34k | $19.0m | $27.2m | $16.6m | $15.1m | $23.1m | $20.2m | — | |
| Deferred Income Tax Expense (Benefit) | ($14.5m) | $6.5m | $5.2m | ($35.6m) | $27.3m | ($12.2m) | $136.4m | $44.7m | ($19.4m) | ($39.3m) | — | |
| Deferred Other Tax Expense (Benefit) | ($1.5m) | $808k | ($727k) | $1.4m | $844k | $727k | ($603k) | $283k | ($699k) | ($2.8m) | — | |
| Share-based Payment Arrangement, Noncash Expense | $5.7m | $4.9m | $5.3m | $5.5m | $2.3m | $2.4m | $4.3m | $5.2m | $3.5m | $3.9m | $4.7m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | — | — | $2.6m | $1.6m | $730k | $522k | $567k | $1.8m | $1.1m | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Change In Working Capital | — | — | — | — | — | — | $41.4m | $133.7m | ($753.1m) | ($46.7m) | ($238.7m) | |
| Change In Receivables | — | — | — | — | — | — | $12.4m | $3.5m | ($16.0m) | ($3.1m) | ($2.6m) | |
| Increase (Decrease) in Other Operating Assets | $62.0m | ($8.8m) | $23.5m | ($102.2m) | ($604.2m) | $318.2m | $189.6m | $86.1m | $596.7m | $31.0m | — | |
| Change In Other Current Assets | — | — | — | — | — | — | ($189.6m) | ($86.1m) | ($596.7m) | ($31.0m) | ($183.9m) | |
| Other Operating Income (Expense), Net | — | — | — | ($15.0m) | ($11.5m) | ($13.9m) | ($18.6m) | ($19.0m) | ($20.4m) | ($12.9m) | — | |
| Net Cash Provided by (Used in) Operating Activities | ($621.5m) |
$223.1m
+135.90%
|
($573.8m)
-357.14%
|
($3.0b)
-420.27%
|
$671.7m
+122.50%
|
($2.8b)
-519.82%
|
$1.8b
+163.29%
|
$1.3b
-24.90%
|
($2.7b)
-301.68%
|
($7.2b)
-166.87%
|
($10.1b)
-39.63%
|
|
| Cash flows from investing activities: | ||||||||||||
| Capital Expenditure | — | — | — | — | — | — | — | ($14.6m) | ($29.3m) | — | ($29.3m) | |
| Gain (Loss) on Investments | $7.2m | $96.4m | $81.9m | $263.3m | ($170.9m) | — | ($658.8m) | $178.1m | — | — | — | |
| Net Other Investing Changes | — | — | — | — | — | — | $7.9m | $5.1m | $1.3m | $357k | ($2.2m) | |
| Net Cash Provided by (Used in) Investing Activities | — | — | ($1.4b) | ($704.7m) | ($15.4m) | $1.1b | ($1.9b) | ($21.7m) | $1.4b | $429.7m | $1.7b | |
| Cash flows from financing activities: | ||||||||||||
| Gain (Loss) on Extinguishment of Debt | — | — | — | — | $1.7m | $0 | $0 | — | — | — | — | |
| Issuance Of Debt | — | — | — | — | — | — | $5.1b | $3.0b | $4.7b | $7.8b | $9.7b | |
| Long Term Debt Issuance | — | — | — | — | — | — | $5.1b | $3.0b | $4.7b | $7.8b | $9.7b | |
| Long Term Debt Payments | — | — | — | — | — | — | ($4.6b) | ($2.9b) | ($4.0b) | ($2.4b) | ($2.9b) | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | $509.8m | $67.1m | $731.9m | $5.4b | $6.9b | |
| Net Long Term Debt Issuance | — | — | — | — | — | — | $509.8m | $67.1m | $731.9m | $5.4b | $6.9b | |
| Repayment Of Debt | — | — | — | — | — | — | ($4.6b) | ($2.9b) | ($4.0b) | ($2.4b) | ($2.9b) | |
| Payments for Repurchase of Common Stock | $98.4m | $91.2m | $10.7m | $0 | $37.3m | $56.9m | $88.0m | $28.5m | $0 | $0 | — | |
| Payments of Ordinary Dividends, Common Stock | $132 | $126 | $116 | $141 | $152 | $184 | $174 | $141 | $139 | $139 | ($181.2m) | |
| Proceeds from Issuance of Common Stock | $0 | $0 | — | $839.7m | $5.7m | $0 | $0 | — | — | — | $0 | |
| Common Stock Dividend Paid | — | — | — | — | — | — | ($173.5m) | ($140.6m) | ($139.3m) | ($139.4m) | ($139.4m) | |
| Common Stock Issuance | — | — | — | — | — | $0 | $0 | — | — | — | $0 | |
| Common Stock Payments | — | — | — | — | — | — | ($88.0m) | ($28.5m) | $0 | $0 | $0 | |
| Issuance Of Capital Stock | — | — | — | — | — | $250.0m | $0 | $0 | — | — | — | |
| Net Common Stock Issuance | — | — | — | — | — | — | ($88.0m) | ($28.5m) | $0 | $0 | $0 | |
| Repurchase Of Capital Stock | — | — | — | — | — | — | ($88.0m) | ($28.5m) | $0 | $0 | $0 | |
| Dividends Payable | $32 | $29 | $29 | $47 | $46 | $45 | $36 | $35 | $35 | $35 | — | |
| Cash Dividends Paid | — | — | — | — | — | — | ($215.4m) | ($182.4m) | ($181.1m) | ($181.2m) | ($181.2m) | |
| Dividends Received CFI | — | — | — | — | — | — | $478.4m | $180.6m | $157.9m | $151.5m | $163.6m | |
| Preferred Stock Dividend Paid | — | — | — | — | — | — | ($41.8m) | ($41.8m) | ($41.8m) | ($41.8m) | ($41.8m) | |
| Net Other Financing Charges | — | — | — | — | — | — | ($14.7m) | ($14.5m) | ($33.3m) | ($17.1m) | ($11.7m) | |
| Net Cash Provided by (Used in) Financing Activities | — | — | $2.0b |
$3.7b
+88.56%
|
($702.6m)
-118.82%
|
$1.7b
+345.93%
|
$135.9m
-92.14%
|
($1.1b)
-945.73%
|
$1.4b
+221.74%
|
$6.7b
+380.16%
|
$8.2b
+22.46%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | ($17.8m) | $44.2m | ($46.4m) | $1.3m | $52.9m | $169.2m | $56.6m | ($65.7m) | $225.2m | |
| Beginning Cash Position | — | — | — | — | — | — | $59.0m | $111.9m | $281.1m | $337.7m | $362.9m | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | — | $170.4m | $298.6m | $290.2m | $298.9m | $368.7m | $718.4m | $711.7m | $850.6m | — | |
| Income Taxes Paid, Net | $1.3m | ($2.4m) | $1.3m | ($1.0m) | $5.6m | $1.8m | ($5.8m) | $6.5m | $7.8m | $2.3m | — | |
| Additional Financial Items | ||||||||||||
| Derivative, Gain (Loss) on Derivative, Net | — | — | — | — | — | — | $0 | — | — | — | — | |
| Fair Value, Option, Changes in Fair Value, Gain (Loss) | — | — | — | — | $0 | $0 | $0 | — | — | — | — | |
| Gain (Loss) on Sale of Derivatives | — | — | — | — | — | — | — | — | $20.1m | $0 | — | |
| Gain (Loss) on Sale of Mortgage Loans | — | — | — | $931.7m | $1.2b | $1.4b | $620.8m | — | $15.5m | $112.8m | — | |
| Gain (Loss) on Sales of Loans, Net | $106.4m | $74.5m | $59.2m | $170.2m | $379.9m | $87.3m | $25.7m | $39.9m | $73.1m | $52.2m | — | |
| Gain (Loss) on Sales of Mortgage Backed Securities (MBS) | — | — | — | — | — | — | — | — | ($60.7m) | $148.3m | — | |
| Gains (Losses) on Sales of Investment Real Estate | $17.1m | $12.6m | $8.5m | — | — | — | — | — | — | — | — | |
| Income Tax Expense (Benefit) | ($14.0m) | $6.8m | $5.2m | ($35.7m) | $27.4m | ($12.2m) | $136.4m | $44.7m | ($18.3m) | ($34.1m) | — | |
| Operating Expenses | $210.3m | $193.4m | $193.1m | $298.2m | $389.6m | $375.6m | $240.7m | $184.6m | $191.5m | $213.6m | — | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | $135.9m | ($1.1b) | $1.4b | $6.7b | $8.2b | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | ($1.9b) | ($21.7m) | $1.4b | $429.7m | $1.7b | |
| Change In Account Payable | — | — | — | — | — | — | $73.2m | $194.1m | ($216.1m) | $28.8m | ($6.7m) | |
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | $52.9m | $169.2m | $56.6m | ($65.7m) | — | |
| Change In Income Tax Payable | — | — | — | — | — | — | $142.2m | $38.2m | ($26.1m) | ($36.4m) | ($39.8m) | |
| Change In Payable | — | — | — | — | — | — | $211.6m | $225.2m | ($241.3m) | ($20.7m) | ($6.7m) | |
| Change In Prepaid Assets | — | — | — | — | — | — | $7.0m | ($8.9m) | $100.9m | $8.0m | $6.0m | |
| Change In Tax Payable | — | — | — | — | — | — | $142.2m | $38.2m | ($26.1m) | ($36.4m) | ($39.8m) | |
| Changes In Cash | — | — | — | — | — | — | $52.9m | $169.2m | $56.6m | ($65.7m) | ($137.7m) | |
| End Cash Position | — | — | — | — | — | — | $111.9m | $281.1m | $337.7m | $272.0m | $225.2m | |
| Financing Cash Flow | — | — | — | — | — | — | $135.9m |
($1.1b)
-945.73%
|
$1.4b
+221.74%
|
$6.7b
+380.16%
|
$8.2b
+22.46%
|
|
| Free Cash Flow | — | — | — | — | — | — | $1.8b | $1.3b | ($2.7b) | ($7.2b) | ($10.1b) | |
| Investing Cash Flow | — | — | — | — | — | — | ($1.9b) | ($21.7m) | $1.4b | $429.7m | $1.7b | |
| Net Intangibles Purchase And Sale | — | — | — | — | — | — | $0 | ($14.6m) | ($29.3m) | $0 | ($2.8m) | |
| Net Investment Purchase And Sale | — | — | — | — | — | — | ($2.4b) | ($59.5m) | $864.9m | ($273.1m) | ($109.5m) | |
| Net Preferred Stock Issuance | — | — | — | — | — | $250.0m | $0 | $0 | — | — | $0 | |
| Operating Gains Losses | — | — | — | — | — | — | $838.0m | ($125.2m) | $92.4m | ($92.4m) | ($59.5m) | |
| Other Non Cash Items | — | — | — | — | — | — | $983.8m | $1.1b | ($2.2b) | ($7.2b) | — | |
| Purchase Of Intangibles | — | — | — | — | — | — | $0 | ($14.6m) | ($29.3m) | $0 | ($2.8m) | |
| Purchase Of Investment | — | — | — | — | — | — | ($3.8b) | ($3.2b) | ($649.2m) | ($1.0b) | ($1.5b) | |
| Sale Of Intangibles | — | — | — | — | — | $0 | $0 | — | — | — | $0 | |
| Sale Of Investment | — | — | — | — | — | — | $1.4b | $3.1b | $1.5b | $756.7m | $1.4b | |
| Stock Based Compensation | — | — | — | — | — | — | $4.3m | $5.2m | $3.5m | $3.9m | $4.7m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.