PennyMac Mortgage Investment Trust (PMT) financial statements (2022 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments22718519513596157100
Cash and cash equivalents595810460783458
Short-term investments16812791751812242
Receivables     32
Total current assets:22718519513596159102
Noncurrent Assets
Intangible assets, net (including goodwill)    773606404
Intangible assets, net (excluding goodwill)    773606404
Regulated entity, other noncurrent assets      5
Total noncurrent assets:    773606409
Other undisclosed assets13,54611,30711,5767,6794,7365,5925,316
TOTAL ASSETS:13,77311,49211,7717,8135,6056,3585,827
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt6,6756,3187,0065,0823,1833,785 
Total current liabilities:6,6756,3187,0065,0823,1833,785 
Noncurrent Liabilities
Liabilities, other than long-term debt17292    
Deferred income tax liabilities17292
Total noncurrent liabilities:17292    
Other undisclosed liabilities4,7132,8482,3121,1668781,2224,331
Total liabilities:11,4059,1959,3206,2474,0605,0064,331
Stockholders' equity
Stockholders' equity attributable to parent, including:2,3682,2972,4511,5661,5451,3511,496
Preferred stock541300300300300  
Common stock1111111
Additional paid in capital502,0972,1281,2861,2911,3771,470
Retained earnings (accumulated deficit)(257)(101)22(20)(47)(27)26
Other undisclosed stockholders' equity attributable to parent2,031      
Total stockholders' equity:2,3682,2972,4511,5661,5451,3511,496
TOTAL LIABILITIES AND EQUITY:13,77311,49211,7717,8135,6056,3585,827

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues8791,067813351318272249
Contractually specified servicing fee, late fee, and ancillary fee earned in exchange for servicing financial asset595463319213
Gain on disposition of assets for financial service operations8738017059
Net investment income195222318223195222201
Financial services revenue144161100
Cost of revenue
(Amortization of Mortgage Servicing Rights (MSRs))
    (82)(66)(44)
Gross profit:8791,067813351236206205
Operating expenses(376)(390)(298)(193)(193)(210)(175)
Operating income (loss):50367751415843(4)29
Nonoperating income (expense)35(120)    
Investment income, nonoperating  263    
Gains on sales of other real estate351    
Mortgage servicing rights (msr) impairment (recovery)  (384)    
Interest and debt expense(305)2(297)(175)(151)(150)(125)
Income (loss) from continuing operations before equity method investments, income taxes:20168597(17)(108)(154)(95)
Other undisclosed income (loss) from continuing operations before income taxes(157)(605)93175233215169
Income from continuing operations before income taxes:45801911581256273
Income tax expense (benefit)12(27)36(5)(7)1417
Net income attributable to parent:57522261531187690
Preferred stock dividends and other adjustments(31)(25)(25)(25)(15)  
Other undisclosed net loss available to common stockholders, basic(0)(0)(1)(1)(1)(1)(2)
Net income available to common stockholders, basic:26272011271017488
Interest on convertible debt  1211998
Net income available to common stockholders, diluted:26272131381108397

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:57522261531187690
Comprehensive income, net of tax, attributable to parent:57522261531187690

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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