PennyMac Financial Services Inc. (PFSI) Financial Statements (2025 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)
| 9/30/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 948,639 | 1,340,730 | 346,942 | 547,933 | 262,902 | 273,113 | |||
| Cash and cash equivalents | 938,371 | 1,328,536 | 340,069 | 532,716 | 188,291 | 155,289 | |||
| Short-term investments | 10,268 | 12,194 | 6,873 | 15,217 | 74,611 | 117,824 | |||
| Receivables | 1,993 | 126,542 | 6,506 | ||||||
| Total current assets: | 948,639 | 1,342,723 | 473,484 | 547,933 | 269,408 | 273,113 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 49,926 | 65,866 | 89,040 | 74,934 | 73,090 | ✕ | |||
| Property, plant and equipment | 19,016 | 28,382 | 30,480 | 33,374 | |||||
| Total noncurrent assets: | 68,942 | 94,248 | 89,040 | 74,934 | 103,570 | 33,374 | |||
| Other undisclosed assets | 17,826,982 | 15,385,613 | 18,214,088 | 30,974,928 | 9,831,039 | 7,172,086 | |||
| TOTAL ASSETS: | 18,844,563 | 16,822,584 | 18,776,612 | 31,597,795 | 10,204,017 | 7,478,573 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 1,230 | 25,379 | 218 | ||||||
| Taxes payable | ✕ | ✕ | ✕ | 25,379 | 218 | ||||
| Accrued liabilities | 1,230 | ||||||||
| Debt | 4,639,001 | 2,332,143 | |||||||
| Total current liabilities: | 1,230 | 25,379 | 4,639,001 | 2,332,361 | |||||
| Noncurrent Liabilities | |||||||||
| Other undisclosed liabilities | 15,304,730 | 13,351,535 | 15,358,287 | 28,183,028 | 3,503,509 | 3,492,421 | |||
| Total liabilities: | 15,305,960 | 13,351,535 | 15,358,287 | 28,208,407 | 8,142,510 | 5,824,782 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 3,538,598 | 3,471,044 | 3,418,319 | 3,389,381 | 2,061,499 | 1,653,791 | |||
| Common stock | |||||||||
| Additional paid in capital | 24,287 | 125,396 | 1,047,052 | 1,335,107 | 1,310,648 | ||||
| Retained earnings | 3,514,311 | 3,471,044 | 3,292,923 | 2,342,329 | 726,392 | 343,135 | |||
| Other undisclosed equity, attributable to parent | 8 | ||||||||
| Other undisclosed equity | 5 | 5 | 6 | 7 | 8 | ||||
| Total equity: | 3,538,603 | 3,471,049 | 3,418,325 | 3,389,388 | 2,061,507 | 1,653,791 | |||
| TOTAL LIABILITIES AND EQUITY: | 18,844,563 | 16,822,584 | 18,776,612 | 31,597,795 | 10,204,017 | 7,478,573 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 2,663,813 | 2,314,332 | 3,759,024 | 3,918,921 | 1,842,957 | 984,629 | ||
| Contractually specified servicing fee, late fee, and ancillary fee earned in exchange for servicing financial asset | 1,484,946 | 1,228,637 | 994,454 | 931,110 | 828,729 | 649,234 | ||
| Gain on disposition of assets for financial service operations | 545,943 | 791,633 | 2,464,401 | 2,740,785 | 725,528 | 249,022 | ||
| Net investment income | 632,924 | 294,062 | 300,169 | 247,026 | 288,700 | 216,416 | ||
| Gross profit: | 2,663,813 | 2,314,332 | 3,759,024 | 3,918,921 | 1,842,957 | 984,629 | ||
| Operating expenses | (1,218,025) | (1,320,508) | (1,808,178) | (1,464,988) | (947,960) | (716,932) | ||
| Other operating expense, net (Other Expenses) | ||||||||
| Operating income: | 1,445,788 | 993,824 | 1,950,846 | 2,453,933 | 894,997 | 267,697 | ||
| Nonoperating income (expense) (gains on Sales of Other Real Estate) | 1,545 | 2,510 | 1,993 | 1,036 | 557 | |||
| Interest and debt expense | (637,777) | (335,427) | (390,699) | (271,551) | (211,979) | (144,597) | ||
| Income from continuing operations before equity method investments, income taxes: | 809,556 | 660,907 | 1,562,140 | 2,183,418 | 683,575 | 123,100 | ||
| Other undisclosed income (loss) from continuing operations before income taxes | (625,925) | 4,340 | (202,957) | 57,191 | (154,131) | 144,597 | ||
| Income from continuing operations before income taxes: | 183,631 | 665,247 | 1,359,183 | 2,240,609 | 529,444 | 267,697 | ||
| Income tax expense | (38,975) | (189,740) | (355,693) | (593,725) | (136,479) | (23,254) | ||
| Income from continuing operations: | 144,656 | 475,507 | 1,003,490 | 1,646,884 | 392,965 | 244,443 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | 1,003,490 | 1,646,884 | 392,965 | 244,443 | |
| Net income: | 144,656 | 475,507 | 1,003,490 | 1,646,884 | 392,965 | 244,443 | ||
| Net loss attributable to noncontrolling interest | (156,749) | |||||||
| Net income available to common stockholders, basic: | 144,656 | 475,507 | 1,003,490 | 1,646,884 | 392,965 | 87,694 | ||
| Other undisclosed net income available to common stockholders, diluted | 3,868 | |||||||
| Net income available to common stockholders, diluted: | 144,656 | 475,507 | 1,003,490 | 1,646,884 | 392,965 | 91,562 | ||
Comprehensive Income ($ in thousands)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 144,656 | 475,507 | 1,003,490 | 1,646,884 | 392,965 | 244,443 | ||
| Comprehensive income: | 144,656 | 475,507 | 1,003,490 | 1,646,884 | 392,965 | 244,443 | ||
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (156,749) | |||||||
| Comprehensive income, net of tax, attributable to parent: | 144,656 | 475,507 | 1,003,490 | 1,646,884 | 392,965 | 87,694 | ||
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.