PennyMac Financial Services, Inc. Financial Statements (2024 and earlier)
Company Profile
| Business Address |
3043 TOWNSGATE ROAD WESTLAKE VILLAGE, CA 91361 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 6162 - Mortgage Bankers and Loan Correspondents (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)Annual | Quarterly
| 6/30/2018 Q2 | 3/31/2018 Q1 | 12/31/2017 Q4 | 9/30/2017 Q3 | 6/30/2017 Q2 | 3/31/2017 Q1 | 12/31/2016 Q4 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 243,753 | 207,805 | 203,925 | 221,418 | 189,101 | 185,331 | |||
| Cash and cash equivalents | 137,863 | 37,725 | 67,708 | 75,978 | 72,767 | 99,367 | |||
| Short-term investments | 105,890 | 170,080 | 136,217 | 145,440 | 116,334 | 85,964 | |||
| Receivables | 2,126 | 7,615 | |||||||
| Total current assets: | 243,753 | 209,931 | 203,925 | 221,418 | 189,101 | 192,946 | |||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 30,172 | 29,453 | 30,037 | 31,418 | 31,568 | 31,321 | |||
| Intangible assets, net (including goodwill) | 1,489,354 | 1,384,741 | |||||||
| Intangible assets, net (excluding goodwill) | 1,489,354 | 1,384,741 | |||||||
| Total noncurrent assets: | 30,172 | 29,453 | 1,519,391 | 1,416,159 | 31,568 | 31,321 | |||
| Other undisclosed assets | 6,628,966 | 7,128,709 | 4,665,053 | 4,767,161 | 5,030,708 | 4,909,635 | |||
| TOTAL ASSETS: | 6,902,891 | 7,368,093 | 6,388,369 | 6,404,738 | 5,251,377 | 5,133,902 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Noncurrent Liabilities | |||||||||
| Other undisclosed liabilities | 5,108,692 | 5,648,419 | 4,798,078 | 4,893,486 | 3,793,782 | 3,734,546 | |||
| Total liabilities: | 5,108,692 | 5,648,419 | 4,798,078 | 4,893,486 | 3,793,782 | 3,734,546 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 503,611 | 469,411 | 399,336 | 385,055 | 366,944 | 347,323 | |||
| Additional paid in capital | 221,495 | 204,103 | 196,346 | 199,146 | 191,514 | 182,772 | |||
| Retained earnings | 282,114 | 265,306 | 202,988 | 185,907 | 175,428 | 164,549 | |||
| Other undisclosed equity, attributable to parent | 2 | 2 | 2 | 2 | 2 | 2 | |||
| Equity, attributable to noncontrolling interest | 1,290,588 | 1,250,263 | 1,190,955 | 1,126,197 | 1,090,651 | 1,052,033 | |||
| Total equity: | 1,794,199 | 1,719,674 | 1,590,291 | 1,511,252 | 1,457,595 | 1,399,356 | |||
| TOTAL LIABILITIES AND EQUITY: | 6,902,891 | 7,368,093 | 6,388,369 | 6,404,738 | 5,251,377 | 5,133,902 | |||
Income Statement (P&L) ($ in thousands)Annual | Quarterly
| 6/30/2018 Q2 | 3/31/2018 Q1 | 12/31/2017 Q4 | 9/30/2017 Q3 | 6/30/2017 Q2 | 3/31/2017 Q1 | 12/31/2016 Q4 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 238,201 | 298,634 | 250,635 | 201,721 | 204,473 | 289,285 | ||
| Contractually specified servicing fee, late fee, and ancillary fee earned in exchange for servicing financial asset | ✕ | ✕ | ✕ | ✕ | ✕ | |||
| Gain on disposition of assets for financial service operations | ✕ | ✕ | ✕ | ✕ | ✕ | |||
| Net investment income | 42,615 | 39,905 | 44,442 | 34,973 | 23,859 | 24,335 | ||
| Financial services revenue | ✕ | 221,068 | 205,523 | 186,217 | 145,004 | 161,119 | 224,440 | |
| Gross profit: | 238,201 | 298,634 | 250,635 | 201,721 | 204,473 | 289,285 | ||
| Operating expenses | (165,205) | (176,861) | (156,491) | (143,761) | (142,441) | (159,877) | ||
| Operating income: | 72,996 | 121,773 | 94,144 | 57,960 | 62,032 | 129,408 | ||
| Interest and debt expense | (36,745) | (35,677) | (42,492) | (36,877) | (29,474) | (32,237) | ||
| Other undisclosed loss from continuing operations before equity method investments, income taxes | (73,969) | |||||||
| Income from continuing operations before equity method investments, income taxes: | 36,251 | 86,096 | 51,652 | 21,083 | 32,558 | 23,202 | ||
| Other undisclosed income from continuing operations before income taxes | 36,745 | 35,677 | 42,492 | 36,877 | 29,474 | 106,206 | ||
| Income from continuing operations before income taxes: | 72,996 | 121,773 | 94,144 | 57,960 | 62,032 | 129,408 | ||
| Income tax expense (benefit) | (6,070) | 2,125 | (11,652) | (7,214) | (7,646) | (15,568) | ||
| Income from continuing operations: | 66,926 | 123,898 | 82,492 | 50,746 | 54,386 | 113,840 | ||
| Income before gain (loss) on sale of properties: | 66,926 | 123,898 | 82,492 | 50,746 | 54,386 | 113,840 | ||
| Net income: | 66,926 | 123,898 | 82,492 | 50,746 | 54,386 | 113,840 | ||
| Net loss attributable to noncontrolling interest | (50,307) | (61,580) | (65,411) | (40,267) | (43,507) | (91,096) | ||
| Net income available to common stockholders, basic: | 16,619 | 62,318 | 17,081 | 10,479 | 10,879 | 22,744 | ||
| Dilutive securities, effect on basic earnings per share | 2,947 | |||||||
| Other undisclosed net income (loss) available to common stockholders, diluted | 33,902 | (88,289) | 38,884 | 23,849 | 25,550 | 54,090 | ||
| Net income (loss) available to common stockholders, diluted: | 53,468 | (25,971) | 55,965 | 34,328 | 36,429 | 76,834 | ||
Comprehensive Income ($ in thousands)Annual | Quarterly
| 6/30/2018 Q2 | 3/31/2018 Q1 | 12/31/2017 Q4 | 9/30/2017 Q3 | 6/30/2017 Q2 | 3/31/2017 Q1 | 12/31/2016 Q4 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 66,926 | 123,898 | 82,492 | 50,746 | 54,386 | 113,840 | ||
| Comprehensive income: | 66,926 | 123,898 | 82,492 | 50,746 | 54,386 | 113,840 | ||
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (50,307) | (61,580) | (65,411) | (40,267) | (43,507) | (91,096) | ||
| Comprehensive income, net of tax, attributable to parent: | 16,619 | 62,318 | 17,081 | 10,479 | 10,879 | 22,744 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.