PennyMac Mortgage Investment Trust (PMT) financial statements (2021 and earlier)

Company profile

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

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments18519513596157100216
Cash and cash equivalents581046078345876
Short-term investments12791751812242140
Receivables    321
Total current assets:18519513596159102218
Noncurrent Assets
Intangible assets, net (including goodwill)   773606404308
Intangible assets, net (excluding goodwill)   773606404308
Regulated entity, other noncurrent assets     56
Total noncurrent assets:   773606409314
Other undisclosed assets11,30711,5767,6794,7365,5925,3164,373
TOTAL ASSETS:11,49211,7717,8135,6056,3585,8274,904
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt6,3187,0065,0823,1833,785 2,730
Total current liabilities:6,3187,0065,0823,1833,785 2,730
Noncurrent Liabilities
Liabilities, other than long-term debt292     
Deferred income tax liabilities292
Total noncurrent liabilities:292     
Other undisclosed liabilities2,8482,3121,1668781,2224,331596
Total liabilities:9,1959,3206,2474,0605,0064,3313,326
Stockholders' equity
Stockholders' equity attributable to parent2,2972,4511,5661,5451,3511,4961,578
Preferred stock300300300300   
Common stock1111111
Additional paid in capital2,0972,1281,2861,2911,3771,4701,480
Retained earnings (accumulated deficit)(101)22(20)(47)(27)2698
Total stockholders' equity:2,2972,4511,5661,5451,3511,4961,578
TOTAL LIABILITIES AND EQUITY:11,49211,7717,8135,6056,3585,8274,904

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues1,067813351318272249357
Contractually specified servicing fee, late fee, and ancillary fee earned in exchange for servicing financial asset463319213
Gain on disposition of assets for financial service operations38017059
Net investment income222318223195222201197
Financial services revenue144161100157
Cost of revenue   (82)(66)(44)(32)
Amortization of mortgage servicing rights (msrs)   (82)(66)(44)(32)
Gross profit:1,067813351236206205325
Operating expenses(390)(298)(193)(193)(210)(175)(177)
Other operating expense, net
(Other Expenses)
      (24)
Operating income (loss):67751415843(4)29123
Nonoperating income (expense)5(120)    128
Investment income, nonoperating 263    202
Gains (losses) on sales of other real estate51    (32)
Mortgage servicing rights (msr) impairment (recovery) (384)    (42)
Interest and debt expense2(297)(175)(151)(150)(125)(86)
Income (loss) from continuing operations before equity method investments, income taxes:68597(17)(108)(154)(95)165
Other undisclosed income (loss) from continuing operations before income taxes(605)9317523321516914
Income from continuing operations before income taxes:801911581256273179
Income tax expense (benefit)(27)36(5)(7)141715
Net income attributable to parent:522261531187690195
Preferred stock dividends and other adjustments(25)(25)(25)(15)   
Other undisclosed net loss available to common stockholders, basic(0)(1)(1)(1)(1)(2)(2)
Net income available to common stockholders, basic:272011271017488193
Interest on convertible debt 12119988
Other undisclosed net income available to common stockholders, diluted      2
Net income available to common stockholders, diluted:272131381108397203

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:522261531187690195
Comprehensive income, net of tax, attributable to parent:522261531187690195

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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