PennyMac Mortgage Investment Trust (PMT) Financial Statements (2024 and earlier)

Company Profile

Business Address 3043 TOWNSGATE ROAD
WESTLAKE VILLAGE, CA 91361
State of Incorp. MD
Fiscal Year End December 31
Industry (SIC) 6798 - Real Estate Investment Trusts (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments480,842410,825364,137411,274420,827424,348
Cash and cash equivalents238,805118,672111,86658,931332,009187,880
Short-term investments242,037292,153252,271352,34388,818236,468
Total current assets:480,842410,825364,137411,274420,827424,348
Noncurrent Assets
Other undisclosed assets12,904,08014,946,40413,557,42713,534,66612,796,45211,963,167
TOTAL ASSETS:13,384,92215,357,22913,921,56413,945,94013,217,27912,387,515
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt5,916,2108,115,5086,618,6396,410,5945,647,9855,094,835
Total current liabilities:5,916,2108,115,5086,618,6396,410,5945,647,9855,094,835
Noncurrent Liabilities
Liabilities, other than long-term debt   153,598   
Deferred income tax liabilities   153,598   
Total noncurrent liabilities:   153,598   
Other undisclosed liabilities5,537,2165,270,9875,186,5125,518,0155,498,6545,070,742
Total liabilities:11,453,42613,386,49511,958,74911,928,60911,146,63910,165,577
Equity
Equity, attributable to parent, including:1,931,4961,970,7341,962,8152,017,3312,070,6402,221,938
Preferred stock541,482541,482541,482541,482541,482541,482
Common stock868884889901911930
Additional paid in capital1,921,7101,940,2971,947,26650,30050,30050,300
Accumulated deficit(532,564)(511,929)(526,822)(485,372)(444,602)(320,581)
Other undisclosed equity, attributable to parent    1,910,0201,922,5491,949,807
Total equity:1,931,4961,970,7341,962,8152,017,3312,070,6402,221,938
TOTAL LIABILITIES AND EQUITY:13,384,92215,357,22913,921,56413,945,94013,217,27912,387,515

Income Statement (P&L) ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues339,594327,787312,535281,409256,888211,265
Contractually specified servicing fee, late fee, and ancillary fee earned in exchange for servicing financial asset172,325168,157169,691167,233158,328155,999
Net investment income162,684153,019132,375109,65890,69851,063
Gross profit:339,594327,787312,535281,409256,888211,265
Operating expenses(43,599)(51,565)(54,849)(60,686)(61,368)(63,781)
Operating income:295,995276,222257,686220,723195,520147,484
Nonoperating income (expense)(2,555)56(659,486)966(1)230
Investment income, nonoperating(2,499)     
Gains (losses) on sales of other real estate(56)56 966(1)230
Interest and debt expense(187,390)(179,137)(154,676)(114,080)(78,150)(63,514)
Income (loss) from continuing operations before equity method investments, income taxes:106,05097,141(556,476)107,609117,36984,200
Other undisclosed income (loss) from continuing operations before income taxes(59,197)(58,340)550,994(17,230)(157,237)(66,142)
Income (loss) from continuing operations before income taxes:46,85338,801(5,482)90,379(39,868)18,058
Income tax expense (benefit)(22,229)21,89610,145(78,466)(30,866)(37,187)
Income (loss) from continuing operations:24,62460,6974,66311,913(70,734)(19,129)
Income (loss) before gain (loss) on sale of properties:11,913(70,734)(19,129)
Net income (loss) attributable to parent:24,62460,6974,66311,913(70,734)(19,129)
Preferred stock dividends and other adjustments(10,454)(10,455)(10,455)(10,455)(10,455)(10,455)
Other undisclosed net loss available to common stockholders, basic(100)(140)(90)(111)(104)(104)
Net income (loss) available to common stockholders, basic:14,07050,102(5,882)1,347(81,293)(29,688)
Interest on convertible debt 6,352    
Other undisclosed net income (loss) available to common stockholders, diluted 8    
Net income (loss) available to common stockholders, diluted:14,07056,462(5,882)1,347(81,293)(29,688)

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income (loss):24,62460,6974,66311,913(70,734)(19,129)
Comprehensive income (loss), net of tax, attributable to parent:24,62460,6974,66311,913(70,734)(19,129)

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: