PennyMac Financial Services, Inc. (PFSI) financial statements (2020 and earlier)

Company profile

Business Address 3043 TOWNSGATE ROAD
WESTLAKE VILLAGE, CA 91361
State of Incorp. DE
Fiscal Year End December 31
SIC 6162 - Mortgage Bankers and Loan Correspondents (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments263273
Cash and cash equivalents188155
Short-term investments75118
Receivables7 
Total current assets:269273
Noncurrent Assets
Operating lease, right-of-use asset73
Property, plant and equipment3033
Total noncurrent assets:10433
Other undisclosed assets9,8317,172
TOTAL ASSETS:10,2047,479
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 0
Taxes payable 0
Debt4,6392,332
Total current liabilities:4,6392,332
Noncurrent Liabilities
Other undisclosed liabilities3,5043,492
Total liabilities:8,1435,825
Stockholders' equity
Stockholders' equity attributable to parent, including:2,0611,654
Additional paid in capital1,3351,311
Retained earnings726343
Other undisclosed stockholders' equity attributable to parent 0
Other undisclosed stockholders' equity0 
Total stockholders' equity:2,0621,654
TOTAL LIABILITIES AND EQUITY:10,2047,479

Income statement (P&L) ($ in millions)

12/31/2019
12/31/2018
Contractually specified servicing fee, late fee, and ancillary fee earned in exchange for servicing financial asset829649
Gain on disposition of assets for financial service operations726249
Net investment income289216
Gross profit:1,843985
Operating expenses(948)(717)
Operating income:895268
Nonoperating income (expense)
(gains on Sales of Other Real Estate)
1 
Interest and debt expense(212)(145)
Income from continuing operations before equity method investments, income taxes:684123
Other undisclosed income (loss) from continuing operations before income taxes(154)145
Income from continuing operations before income taxes:529268
Income tax expense(136)(23)
Net income:393244
Net loss attributable to noncontrolling interest (157)
Net income available to common stockholders, basic:39388
Other undisclosed net income available to common stockholders, diluted 4
Net income available to common stockholders, diluted:39392

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
Net income:393244
Comprehensive income:393244
Comprehensive loss, net of tax, attributable to noncontrolling interest (157)
Comprehensive income, net of tax, attributable to parent:39388

Statements sources

The financial statements are based on the company's filings with the 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.

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