PennyMac Mortgage Investment Trust (PMT) financial statements (2020 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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments19513596157100216120
Cash and cash equivalents104607834587627
Short-term investments9175181224214092
Receivables   321 
Income taxes receivable8
Total current assets:19513596159102218128
Noncurrent Assets
Intangible assets, net (including goodwill)  773606404308
Intangible assets, net (excluding goodwill)  773606404308 
Regulated entity, other noncurrent assets    567
Total noncurrent assets:  7736064093147
Other undisclosed assets11,5767,6794,7365,5925,3164,3734,176
TOTAL ASSETS:11,7717,8135,6056,3585,8274,9044,311
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt7,0065,0823,1833,785 2,730 
Total current liabilities:7,0065,0823,1833,785 2,730 
Noncurrent Liabilities
Liabilities, other than long-term debt2      
Deferred income tax liabilities2
Total noncurrent liabilities:2      
Other undisclosed liabilities2,3121,1668781,2224,3315962,844
Total liabilities:9,3206,2474,0605,0064,3313,3262,844
Stockholders' equity
Stockholders' equity attributable to parent2,4511,5661,5451,3511,4961,5781,467
Preferred stock300300300    
Common stock1111111
Additional paid in capital2,1281,2861,2911,3771,4701,4801,384
Retained earnings (accumulated deficit)22(20)(47)(27)269882
Total stockholders' equity:2,4511,5661,5451,3511,4961,5781,467
TOTAL LIABILITIES AND EQUITY:11,7717,8135,6056,3585,8274,9044,311

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues813351318272249357406
Contractually specified servicing fee, late fee, and ancillary fee earned in exchange for servicing financial asset319213
Gain on disposition of assets for financial service operations17059
Net investment income318223195222201197 
Financial services revenue144161100157123
Cost of revenue  (82)(66)(44)(32)(16)
Cost of goods and services sold     (0)(16)
Amortization of mortgage servicing rights (msrs)  (82)(66)(44)(32)26
Gross profit:813351236206205325390
Operating expenses(298)(193)(193)(210)(175)(177)(191)
Other operating income (expense), net
(Other Expenses)
     (24)23
Operating income (loss):51415843(4)29123222
Nonoperating income (expense)(120)    12836
Investment income, nonoperating263    202 
Gains (losses) on sales of other real estate1    (32)13
Mortgage servicing rights (msr) impairment (recovery)(384)    (42)23
Interest and debt expense(297)(175)(151)(150)(125)(86)(65)
Income (loss) from continuing operations before equity method investments, income taxes:97(17)(108)(154)(95)165193
Other undisclosed income from continuing operations before income taxes931752332151691422
Income from continuing operations before income taxes:1911581256273179215
Income tax expense (benefit)36(5)(7)141715(14)
Net income attributable to parent:2261531187690195200
Preferred stock dividends and other adjustments(25)(25)(15)    
Other undisclosed net loss available to common stockholders, basic(1)(1)(1)(1)(2)(2)(2)
Net income available to common stockholders, basic:2011271017488193198
Interest on convertible debt121199886
Other undisclosed net income available to common stockholders, diluted     22
Net income available to common stockholders, diluted:2131381108397203206

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:2261531187690195200
Comprehensive income, net of tax, attributable to parent:2261531187690195200

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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