7Baggers
Quarterly
Annual
    Unit: USD2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 2019-09-30 2019-06-30 2019-03-31 2018-12-31 
      
    		                            
      ​
    		0 0 2,025,000 0 0 0 2,024,000 0 0 0 2,023,000 0 0 0 2,022,000 -474,500,000 152,335,000 -117,747,000 441,933,000 3,539,000 -381,147,000        
      cash flow from operating activities
    		                            
      net income
    		181,503,000 136,463,000 76,280,000 104,489,000 69,368,000 98,258,000 39,308,000 -36,842,000 92,870,000 58,250,000 30,378,000 37,617,000 135,134,000 129,163,000 173,593,000 173,083,000 249,310,000 204,229,000 376,868,000 452,804,000 535,160,000 352,677,000 306,243,000 152,661,000 121,473,000 72,696,000 46,135,000 52,960,000 
      adjustments to reconcile net income to net cash from operating activities:
    		                            
      net gains on loans held for sale at fair value
    		-314,455,000 -234,659,000 -221,037,000 -222,044,000 -256,819,000 -176,064,000 -162,441,000 -148,765,000 -151,374,000 -141,419,000 -104,385,000 -101,913,000 -168,694,000 -222,567,000 -298,459,000 -500,658,000 -626,754,000 -582,648,000 -754,341,000 -859,061,000 -855,269,000 -682,173,000 -344,282,000 -257,487,000 -235,732,000    
      change in fair value of mortgage servicing rights and mortgage servicing liabilities
    		392,174,000 247,170,000 430,956,000 -324,816,000 628,258,000 101,315,000 28,585,000 534,960,000 -221,096,000 55,257,000 236,447,000                  
      mortgage servicing rights hedging results
    		-98,306,000 109,102,000 -106,774,000 608,112,000 -242,051,000 171,777,000 294,645,000 -294,787,000 423,656,000 155,136,000 -47,227,000 72,870,000 164,749,000 176,005,000 217,860,000 37,723,000 86,459,000 -91,118,000 442,151,000          
      accrual of unearned discounts on principal-only stripped mortgage-backed securities
    		-13,642,000 -6,699,000 -11,335,000                          
      capitalization of interest on loans held for sale
    		-241,000 -1,388,000 -210,000 -111,000 -115,000 -119,000 -128,000 -73,000 -171,000 -284,000 -223,000                  
      amortization of debt issuance costs
    		7,558,000 10,205,000 7,072,000 6,952,000 7,062,000 7,441,000 7,357,000 6,507,000 5,610,000 4,607,000 4,708,000 4,638,000 4,427,000 5,018,000 5,115,000    7,297,000          
      results of real estate acquired in settlement in loans
    		981,000 -47,000 225,000 -534,000 269,000 -193,000 -406,000 -567,000 -637,000 -199,000 -142,000 -629,000 -528,000 -810,000 -543,000 -295,000 -378,000 -540,000 -780,000 -233,000 -1,214,000 -296,000 707,000 648,000 -188,000 -743,000 -274,000 -410,000 
      change in fair value of investment in common shares of pennymac mortgage investment trust
    		45,000 134,000 -155,000 126,000 -39,000 70,000 20,000 -191,000 81,000 -86,000 4,000 -45,000 153,000 230,000 33,000 177,000 103,000 -110,000 -365,000 -114,000 319,000 -513,000 875,000 -5,000 -30,000 -84,000 -156,000 121,000 
      repricing of payable to exchanged private national mortgage acceptance company, llc unitholders under tax receivable agreement
    		0                            
      stock-based compensation expense
    		9,929,000 7,518,000 11,084,000 -446,000 18,943,000 -2,212,000 4,583,000 6,743,000 8,814,000 375,000 11,650,000 11,863,000 6,466,000 14,948,000 9,275,000 9,199,000 8,824,000 8,894,000 10,877,000 18,885,000 7,095,000 6,757,000 12,368,000 5,647,000 8,941,000 5,652,000 4,531,000 4,485,000 
      benefit from servicing advance losses
    		10,130,000                   46,496,000 45,341,000 30,255,000 3,806,000 16,176,000 11,598,000 3,555,000 4,820,000 16,260,000 
      depreciation and amortization
    		12,956,000 14,731,000 13,896,000 13,819,000 13,761,000 14,240,000 14,164,000 14,092,000 13,183,000 13,234,000 12,705,000 10,600,000 9,434,000 7,364,000 7,011,000 6,916,000 6,762,000 7,335,000 7,632,000 8,449,000 6,401,000 5,373,000 5,352,000 4,371,000 3,900,000 3,591,000 3,159,000 3,879,000 
      impairment of capitalized software
    		               0 0 0 728,000          
      amortization of operating lease right-of-use assets
    		3,519,000 3,631,000 3,405,000 3,420,000 3,373,000 3,447,000 3,436,000 3,493,000 4,157,000 4,099,000 5,055,000 4,035,000                 
      purchase of loans held for sale from pennymac mortgage investment trust
    		-5,474,275,000 -26,944,559,000 -20,437,666,000 -24,495,312,000 -20,341,142,000 -20,859,260,000 -16,302,059,000 -21,629,313,000 -18,725,229,000 -18,636,127,000 -13,451,030,000 -14,031,451,000 -12,561,276,000 -10,822,122,000 -13,160,768,000 -16,380,235,000 -15,996,702,000 -17,054,082,000 -18,420,615,000 -19,896,727,000 -17,608,955,000 -11,603,294,000 -14,509,209,000 -17,490,446,000 -14,662,668,000    
      purchase of loans held for sale from non-affiliates
    		-24,718,142,000 -1,386,419,000 -815,720,000 -929,452,000 -739,912,000 -696,637,000 -496,609,000 -549,789,000 -539,250,000 -563,133,000 -404,963,000 -238,596,000 -348,785,000 -586,619,000 -628,769,000 -1,028,745,000 -1,203,446,000 -1,221,081,000 -1,443,255,000 -1,283,712,000 -1,054,414,000 -840,351,000 -620,859,000      
      origination of loans held for sale
    		-7,013,649,000 -6,641,282,000 -5,084,079,000 -6,654,640,000 -5,097,016,000 -3,899,030,000 -3,073,792,000 -2,493,140,000 -2,974,056,000 -3,108,281,000 -2,194,780,000 -1,953,517,000 -3,214,851,000 -5,057,180,000 -10,071,516,000 -13,222,583,000 -13,903,246,000 -13,416,648,000 -14,314,637,000 -11,203,077,000 -8,760,261,000 -6,865,811,000 -4,954,316,000 -4,581,941,000 -2,723,330,000    
      purchase of loans from ginnie mae securities and early buyout investors
    		-1,216,687,000 -1,116,182,000 -1,079,557,000 -988,165,000 -799,713,000 -787,660,000 -791,726,000 -510,709,000 -649,421,000 -681,625,000 -714,110,000 -578,775,000 -867,759,000 -1,566,464,000 -3,186,214,000 -5,674,114,000 -6,407,143,000            
      sale to non-affiliates and principal payment of loans held for sale
    		33,549,142,000 34,656,042,000 27,587,429,000 30,399,238,000 26,168,605,000 24,860,532,000 19,676,917,000 25,623,317,000 21,651,096,000 25,024,768,000 13,385,341,000                  
      sale of loans held for sale to pennymac mortgage investment trust
    		3,983,322,000 1,034,884,000 654,808,000 471,702,000        0 0       0 27,000 2,742,000 2,246,127,000 2,160,836,000 1,876,358,000    
      repurchase of loans subject to representations and warranties
    		-31,711,000 -25,418,000 -19,942,000 -19,049,000 -25,837,000 -23,468,000 -21,395,000 -10,632,000 -14,598,000 -13,885,000 -10,460,000 -16,059,000 -31,689,000 -28,089,000 -17,087,000 -24,485,000 -31,109,000 -25,928,000 -17,986,000 -14,711,000 -9,146,000 -18,236,000 -16,282,000 -3,233,000 -4,115,000    
      decrease in servicing advances
    		-28,301,000 10,675,000 25,134,000  -25,711,000 51,245,000 168,554,000  83,270,000 26,827,000 138,018,000   46,502,000 82,438,000   -35,829,000 48,372,000   -16,056,000 18,467,000   2,286,000 24,087,000  
      increase in receivable from pennymac mortgage investment trust
    		-12,359,000 -3,668,000 -229,000 987,000 -3,910,000 458,000 -1,999,000             32,211,000 -80,360,000 9,962,000 -10,133,000 -10,659,000 -6,506,000   -6,847,000 
      sale of real estate acquired in settlement of loans
    		16,251,000 17,333,000 19,992,000 26,316,000 12,169,000 12,506,000 13,165,000 10,591,000 8,628,000 8,878,000 7,533,000 4,342,000 5,482,000 5,515,000 4,422,000 2,843,000 2,209,000 4,557,000 4,946,000 4,713,000 8,283,000 10,100,000 9,459,000 11,760,000 13,075,000 1,991,000 2,075,000 1,033,000 
      increase in other assets
    		  -9,458,000 -53,380,000 -2,624,000 -6,046,000 -33,707,000 -13,216,000 33,929,000 -16,378,000 -64,777,000         -28,945,000 -172,812,000   -40,134,000 -20,944,000 37,205,000 -38,676,000  
      increase in accounts payable and accrued expenses
    		68,172,000           -95,563,000 40,111,000 -53,532,000 -501,000 -11,041,000 -15,414,000 14,225,000 46,896,000 32,525,000 62,997,000 17,926,000 21,866,000 -40,249,000 73,085,000 -4,768,000 10,483,000 16,302,000 
      decrease in operating lease liabilities
    		-4,283,000 -4,933,000 -4,630,000 -4,565,000 -4,550,000 -4,429,000 -4,380,000 -4,166,000 -6,912,000 -5,166,000 -4,914,000 -6,830,000 -4,522,000 -4,353,000 -3,687,000 -3,853,000 -4,192,000 -4,199,000 -4,066,000 -3,043,000 -3,490,000 -3,419,000 -3,469,000 -3,446,000 -3,230,000 -3,027,000 -2,977,000  
      decrease in payable to pennymac mortgage investment trust
    		-2,451,000 -12,522,000 -20,126,000  -18,871,000 -28,258,000 -80,581,000  -25,812,000 -19,229,000 -62,927,000  -12,661,000    -11,171,000    10,760,000 -7,742,000 -17,019,000 9,224,000 -5,262,000 -11,855,000 -28,752,000  
      increase in income taxes payable
    		53,943,000 -61,189,000 27,641,000 25,451,000 23,153,000 35,060,000 4,451,000 -17,107,000 33,846,000 15,219,000 8,184,000 38,437,000 78,586,000 139,848,000 60,611,000 25,494,000 89,716,000 -181,803,000 129,155,000 -50,449,000 -63,721,000 123,827,000 108,474,000 24,010,000 39,223,000 26,700,000 14,090,000 5,865,000 
      net cash from operating activities
    		-697,373,000 -131,315,000 1,065,957,000 -2,148,736,000 -393,708,000 -1,092,886,000 -897,940,000 430,289,000 -975,942,000 2,228,325,000 -3,264,891,000 489,409,000 -587,690,000 1,704,152,000 4,427,364,000 -207,022,000 1,438,485,000 2,579,614,000 -1,248,016,000 -2,275,407,000 -4,289,128,000 1,095,881,000 -730,284,000 -554,982,000 -808,196,000 -747,698,000 -134,247,000 -160,188,000 
      cash flow from investing activities
    		                            
      decrease (increase) in short-term investment
    		       -4,715,000   8,610,000                  
      purchase of principal-only stripped mortgage-backed securities
    		   0 0 -410,617,000 -524,739,000                      
      repayment of principal-only stripped mortgage-backed securities
    		34,991,000 46,529,000 37,738,000 60,010,000 23,054,000 13,336,000 116,000                      
      sale of interest-only stripped mortgage-backed securities
    		   80,666,000                         
      net settlement of derivative financial instruments used for hedging of mortgage servicing rights
    		154,352,000 -85,485,000 74,572,000 -492,436,000 181,305,000 -166,712,000 -224,750,000 208,237,000 -429,954,000 -98,677,000 78,438,000 -61,129,000 -236,640,000 -286,374,000 -287,735,000 36,925,000 -125,701,000 181,837,000 -527,458,000 -87,801,000 5,642,000 53,218,000 942,005,000      
      sale of mortgage servicing rights to non-affiliates
    		                            
      sale of mortgage servicing rights to pennymac mortgage investment trust
    		                            
      acquisition of capitalized software
    		-8,201,000 -9,146,000 -7,137,000 -7,381,000 -4,340,000 -4,797,000 -3,864,000 -7,134,000 -8,406,000 -8,654,000 -10,590,000 -12,304,000 -20,364,000 -19,837,000 -19,430,000 -16,704,000 -10,682,000 -11,538,000 -10,056,000 -9,647,000 -5,173,000 -19,162,000 -14,108,000 -7,195,000 -3,952,000 -11,488,000 -6,750,000 -4,353,000 
      purchase of furniture, fixtures, equipment and leasehold improvements
    		-2,075,000 -1,305,000 -371,000 -248,000 -148,000 -401,000 -918,000 -495,000 -260,000 -458,000 -173,000 -1,555,000 -1,515,000 -1,512,000 -2,577,000 -1,900,000 -950,000 -2,311,000 -2,738,000 -5,087,000 -2,112,000 -2,478,000 -994,000 -590,000 -1,129,000 -2,279,000 -2,126,000 -4,502,000 
      increase in margin deposits
    		6,884,000 -89,141,000 -51,578,000 -16,337,000 -81,433,000 20,100,000 -38,656,000 -92,205,000 146,462,000 -53,266,000 -97,450,000             146,935,000    -6,378,000 
      net cash from investing activities
    		753,042,000 -157,417,000 30,384,000 -128,345,000 -239,204,000 -737,794,000 -782,612,000 104,688,000 -191,484,000   -238,015,000 -56,190,000 -259,969,000 -167,408,000 -2,911,000 -156,219,000 78,279,000 -223,518,000 -141,565,000 -61,538,000 -130,088,000 1,116,225,000 -20,634,000 8,977,000 253,210,000 -92,771,000 27,172,000 
      cash flow from financing activities
    		                            
      sale of assets under agreements to repurchase
    		37,858,243,000 36,170,500,000 27,533,478,000 31,940,993,000 28,508,315,000 27,720,619,000 20,836,772,000 24,074,885,000 21,944,213,000 22,619,734,000 16,713,811,000 16,469,565,000 16,519,122,000 17,158,810,000 24,928,688,000 35,250,450,000 31,492,025,000 33,631,447,000 35,805,822,000 34,109,196,000 28,561,761,000 19,050,517,000 20,510,531,000 22,506,915,000 20,341,323,000 12,573,009,000 8,382,013,000 10,056,900,000 
      repurchase of assets sold under agreements to repurchase
    		-38,073,426,000 -35,883,601,000 -29,161,286,000 -29,857,941,000 -28,312,906,000 -26,747,451,000 -19,165,094,000 -24,723,734,000 -21,312,223,000 -24,601,997,000 -13,949,931,000 -16,954,957,000 -15,475,055,000 -18,049,373,000 -28,889,470,000 -34,856,392,000 -32,850,975,000 -36,225,871,000 -34,613,141,000 -31,712,247,000 -25,064,211,000 -19,727,816,000 -20,205,416,000 -21,904,694,000 -19,550,239,000 -11,977,222,000 -8,164,625,000 -9,860,539,000 
      issuance of mortgage loan participation purchase and sale certificates
    		6,659,423,000 6,469,920,000 5,807,294,000 6,030,268,000 6,150,151,000 5,567,880,000 5,399,717,000 6,096,867,000 6,094,272,000 5,871,976,000 4,170,792,000 4,365,346,000 5,390,796,000 4,218,514,000 5,338,287,000 5,793,530,000 5,482,624,000 6,168,817,000 6,339,539,000 5,792,234,000 6,266,715,000 6,274,801,000 5,273,329,000 5,952,811,000 6,122,740,000 5,819,903,000 5,555,946,000  
      repayment of mortgage loan participation purchase and sale certificates
    		-6,660,771,000 -6,279,000,000 -5,793,836,000 -6,051,454,000 -6,144,638,000 -5,419,329,000 -5,482,145,000 -6,149,377,000 -6,101,763,000 -5,881,106,000 -3,943,198,000 -4,445,400,000 -5,525,574,000 -4,210,278,000 -5,323,593,000 -5,833,469,000 -5,475,093,000 -6,175,311,000 -6,342,269,000 -5,806,136,000 -6,267,731,000 -6,267,156,000 -5,242,527,000 -5,969,487,000 -6,131,395,000 -5,844,662,000 -5,540,374,000  
      issuance of notes payable secured by mortgage servicing assets
    		425,000,000   325,000,000 0 0 725,000,000 125,000,000 200,000,000 0 680,000,000 150,000,000 0                
      repayment of notes payable secured by mortgage servicing assets
    		-425,000,000 -500,000,000 -325,000,000 0 0 -250,000,000 -625,000,000 -925,000,000 0 0 -150,000,000                  
      issuance of unsecured senior notes
    		650,000,000 850,000,000 850,000,000 0 0           0 500,000,000 0 650,000,000 150,000,000         
      repayment of unsecured senior notes
    		0                            
      payment of debt issuance costs
    		-13,299,000 -22,699,000 -21,064,000 -3,490,000 -7,224,000 -17,728,000 -7,480,000 -18,302,000 -4,597,000 -4,774,000 -5,345,000 -5,519,000 -1,195,000 -10,483,000 -2,409,000 -10,212,000 -8,707,000 -5,173,000 -13,475,000 -3,750,000 -12,122,000 -10,852,000 -3,388,000 -2,114,000 -1,425,000 -1,528,000 -1,536,000 -4,662,000 
      issuance of common stock by exercise of stock options
    		4,441,000 513,000 5,452,000 2,046,000                         
      payment of withholding taxes relating to stock-based compensation
    		0 0 -3,763,000 0 0 0 -9,401,000 0 0 0 -9,142,000 0 0 0 -7,780,000 -415,000 -32,000 0 -8,546,000 0 0 0 -5,265,000 0 0 0 -4,634,000  
      payment of dividends to holders of common stock
    		-15,806,000 -15,808,000 -15,005,000 -15,673,000 -15,670,000 -10,397,000 -10,420,000 -10,240,000 -10,232,000                    
      repurchase of common stock
    		       84,000 0 -26,214,000 -45,361,000 -51,327,000 -99,702,000 -113,645,000 -141,412,000 -257,401,000 -257,354,000 -154,920,000 -288,519,000 -89,269,000 -6,927,000 -237,162,000 -4,121,000  0   -467,000 
      net cash from financing activities
    		404,066,000 239,825,000 -1,123,730,000 2,369,749,000 183,390,000 1,498,622,000 1,669,575,000 -773,910,000 812,331,000 -2,028,273,000 3,455,191,000 -481,537,000 787,147,000 -518,586,000 -4,110,231,000 73,505,000 -1,129,931,000 -2,775,640,000 1,380,686,000 2,420,511,000 3,969,519,000 -934,442,000 304,519,000 562,482,000 768,925,000 581,581,000 216,007,000 185,688,000 
      net increase in cash
    		                            
      cash at beginning of period
    		0                            
      cash at end of period
    		459,735,000    -449,522,000                        
      supplemental cash flow information:
    		                            
      cash paid for interest
    		243,028,000 252,067,000 205,446,000 225,751,000 198,072,000 221,128,000 152,261,000 175,919,000 158,055,000 175,721,000 129,791,000 93,471,000 81,759,000 72,440,000 82,305,000              
      cash paid for income taxes
    		928,000 1,169,000 274,000                          
      non-cash investing activities:
    		                            
      mortgage servicing rights received from loan sales
    		700,326,000 814,538,000 650,349,000 748,121,000 578,982,000 541,207,000 412,520,000                      
      unsettled portion of msr sales
    		                            
      exchange of mortgage servicing spread for interest-only stripped mortgage-backed securities
    		   80,666,000                         
      operating right-of-use assets recognized
    		12,413,000 648,000 561,000 0    0 1,166,000 0 1,727,000 0 571,000                
      non-cash financing activities:
    		                            
      issuance of common stock in settlement of directors' fees
    		58,000 58,000 57,000 57,000 57,000 58,000 84,000 78,000 0 51,000 51,000 51,000 52,000 51,000 51,000              
      decrease (increase) in other assets
    		               -33,965,000 32,830,000      628,000      
      increase in short-term investment
    		 -18,869,000 -22,840,000 247,381,000 -479,162,000       23,904,000   -71,133,000              
      net decrease in cash
    		 -48,907,000 -27,389,000                          
      provision (reversal of provision) for servicing advance losses
    		  4,184,000 18,988,000 9,583,000                        
      increase(decrease) in accounts payable and accrued expenses
    		  14,769,000                          
      cash at beginning of quarter
    		  238,482,000                          
      cash at end of quarter
    		  211,093,000                          
      increase in servicing advances
    		               -213,856,000    -234,476,000    -88,250,000     
      increase in payable to pennymac mortgage investment trust
    		              -76,811,000    10,696,000          
      payments to exchanged private national mortgage acceptance company, llc unitholders under tax receivable agreement
    		           0 -339,000   -1,285,000 0   -339,000         
      purchase of mortgage servicing rights
    		           -66,000        0 -766,000 -603,000 -24,104,000 0 -9,503,000 -6,461,000 -211,481,000 -47,525,000 
      transfer of mortgage servicing rights relating to delinquent loans to agency
    		       0 73,000                    
      sale of furniture, fixtures and equipment
    		                            
      repayment of obligations under capital lease
    		           0 0 -1,396,000 -2,093,000 -2,094,000 -2,094,000 -2,791,000 -1,396,000 -2,093,000 -2,792,000 -1,396,000 -2,665,000 -3,071,000 -4,414,000 -1,919,000 -1,514,000 -3,025,000 
      net increase in cash and restricted cash
    		     -332,058,000 -10,977,000 -238,933,000 -355,095,000 34,493,000 169,367,000 -230,143,000 143,267,000 925,597,000 149,725,000 -136,428,000 152,335,000 -117,747,000 -90,848,000 3,539,000 -381,147,000 31,351,000 690,460,000 -13,134,000 -30,294,000 87,093,000 -11,011,000 52,672,000 
      cash and restricted cash at beginning of year
    		                            
      cash at end of year
    		                            
      cash and restricted cash at end of year are comprised of the following:
    		                            
      cash
    		       -238,933,000 -355,095,000 34,496,000 1,497,903,000 -230,143,000 143,283,000 925,597,000 489,799,000 -136,428,000 152,339,000 -117,712,000 441,870,000 3,550,000 -381,091,000 31,431,000 878,826,000 -12,977,000 -30,120,000 87,122,000 144,266,000 52,662,000 
      restricted cash included in other assets
    		          3,000 0 -16,000 0 19,000 0 -4,000 -35,000 63,000 -11,000 -56,000 -80,000 212,000 -157,000 -174,000 -29,000 647,000 10,000 
      cash paid (refunds received) for income taxes
    		   -576,000 1,404,000 536,000 124,000        316,000              
      accrual of unearned discounts on mortgage-backed securities
    		    -20,129,000 -8,826,000 -264,000                      
      decrease in accounts payable and accrued expenses
    		    38,937,000 37,035,000 -182,097,000  -20,664,000 39,790,000 -43,767,000                  
      net decrease in cash and restricted cash
    		                            
      cash and restricted cash at beginning of period
    		    0    0    0    0    0    0    
      issuance of common stock pursuant to exercise of stock options
    		     5,028,000 7,626,000 5,907,000 2,661,000 4,305,000 4,342,000 1,170,000 397,000 404,000 976,000 1,766,000 2,373,000 1,727,000 1,670,000 958,000 2,800,000 2,549,000 3,082,000 1,245,000 2,154,000 463,000 1,283,000 599,000 
      reversal of benefit from servicing advance losses
    		      -1,541,000  -2,554,000 -1,968,000 -3,081,000  -820,000 -20,558,000 -30,735,000              
      decrease in short-term investment
    		      10,199,000                      
      cash and restricted cash at beginning of quarter
    		      938,371,000    1,328,539,000    340,093,000    532,781,000    188,578,000    155,924,000  
      cash and restricted cash at end of quarter
    		      927,394,000    1,497,906,000    489,818,000    441,933,000    879,038,000    144,913,000  
      cash and restricted cash at end of quarter are comprised of the following:
    		                            
      accrual of interest on excess servicing spread financing payable to pennymac mortgage investment trust
    		               0 0 0 1,280,000 2,002,000 2,070,000 2,372,000 1,974,000      
      decrease in receivable from pennymac mortgage investment trust
    		       -2,563,000   1,872,000    12,096,000              
      sale of interest-only stripped securities
    		       0                     
      net change in assets purchased from pmt under agreement to resell
    		               0 0 0 80,862,000 6,096,000 3,143,000 9,665,000 7,746,000 166,000 11,038,000 7,213,000 5,096,000 2,103,000 
      repayment of excess servicing spread financing
    		               0 0 0 -134,624,000 -7,265,000 -7,682,000 -8,122,000 -9,308,000 -9,415,000 -9,819,000 -10,530,000 -10,552,000 -10,898,000 
      cash and restricted cash at end of year
    		                            
      (refunds received) cash paid for income taxes
    		                            
      exchange of mortgage servicing spread for interest-only stripped securities
    		       0                     
      mortgage servicing liabilities resulting from loan sales
    		                            
      issuance of excess servicing spread payable to pennymac mortgage investment trust pursuant to a recapture agreement
    		                            
      cash and restricted cash at end of period
    		        -355,095,000    143,267,000    152,335,000    -381,147,000    -30,294,000    
      cash and restricted cash at end of period are comprised of the following:
    		                            
      cash refunds received for income taxes
    		        -81,000                    
      mortgage servicing rights resulting from loan sales
    		        450,936,000 562,523,000 286,533,000 358,462,000 345,077,000 398,253,000 616,302,000              
      unsettled portion of msr acquisitions
    		                            
      decrease (increase) in receivable from pennymac mortgage investment trust
    		               7,839,000 9,346,000 3,180,000 14,878,000        2,775,000  
      sale of mortgage servicing rights
    		          232,000                  
      net cash from by investing activities
    		          -20,933,000                  
      payment of dividend to holders of common stock
    		          -10,777,000 -10,415,000 -21,642,000 -11,139,000 -11,425,000 -12,258,000 -12,698,000 -13,565,000 -14,375,000  -292,000 -9,805,000 -9,733,000      
      cash (refunds received) paid for income taxes
    		          -415,000 -8,325,000 -28,248,000                
      change in fair value of mortgage servicing rights, mortgage servicing liabilities and excess servicing spread
    		           66,248,000 -95,411,000 -112,102,000 -212,911,000 155,432,000 147,669,000 336,268,000 -222,426,000 127,097,000 124,082,000 1,241,723,000 -15,879,000  158,720,000 159,195,000 118,806,000  
      (reversal of) benefit from servicing advance losses
    		                -10,945,000 -13,054,000 -20,536,000          
      sale to non-affiliates and principal payments of loans held for sale
    		           17,288,493,000 16,215,098,000 19,574,766,000 31,267,022,000 36,402,174,000 39,040,868,000 41,739,700,000 37,268,200,000 35,631,073,000 26,683,234,000 21,188,988,000 19,337,017,000 22,129,661,000 17,897,693,000    
      settlement of repurchase agreement derivatives
    		                   0    0 9,421,000 11,136,000 11,436,000  
      decrease (increase) in margin deposits
    		                            
      capitalization of interest and advances on loans held for sale
    		            -305,000 -891,000 -1,926,000 -14,671,000 -2,648,000            
      decrease (increase) in servicing advances
    		                            
      decrease in other assets
    		            -60,259,000 119,693,000 14,999,000    22,912,000          
      decrease in margin deposits
    		            237,393,000 -25,291,000 213,467,000    245,505,000    132,953,000    28,343,000  
      amortization of right-of-use assets
    		             3,977,000 3,778,000 3,756,000 3,621,000 3,536,000 3,382,000 3,108,000 3,159,000 3,032,000 2,985,000 2,900,000 2,522,000 2,377,000 2,359,000  
      sale to pennymac mortgage investment trust of loans held for sale
    		              259,038,000              
      amortization of debt issuance costs (premiums)
    		                            
      (reversal of ) benefit from servicing advance losses
    		                            
      decrease in short-term investments
    		                        -15,121,000    
      advance of obligations under capital lease
    		                       0 0    
      amortization debt issuance costs
    		                5,177,000            
      decrease (increase) in short-term investments
    		                      72,727,000     27,652,000 
      ●
    		                            
      capitalization of interest and advance on loans held for sale at fair value
    		                  -90,177,000 -63,820,000 -22,722,000 -15,067,000 -18,131,000      
      purchase of loans from ginnie mae securities and early buyout investors for modification and subsequent sale
    		                  -4,355,102,000 -5,176,603,000 -2,984,290,000 -696,529,000 -2,299,262,000 -2,099,166,000 -2,176,348,000    
      increase in short-term investments
    		                  -9,633,000        -31,548,000  
      mortgage servicing rights hedging gains
    		                   109,147,000         
      amortization of net debt issuance costs and
    		                   6,885,000 6,598,000 3,356,000 2,209,000      
      carried interest from investment funds
    		                           0 
      payment of dividend to holders of common stock and class a common stock
    		                            
      hedging gains
    		                            
      ·
    		                            
      amortization, impairment and change in fair value of mortgage servicing rights, mortgage servicing liabilities and excess servicing spread
    		                           89,193,000 
      accrual of servicing rebate payable to investment funds
    		                            
      accrual of interest on excess servicing spread financing
    		                       2,167,000 2,291,000 2,767,000 3,066,000 3,554,000 
      amortization of net debt issuance (premiums) and costs
    		                       2,501,000 1,100,000 -1,131,000 -6,570,000  
      income from disposition of fixed assets and impairment of capitalized software
    		                            
      net settlement of derivative financial instruments used for hedging
    		                       -176,002,000 214,595,000 201,849,000 125,695,000 60,175,000 
      repurchase of common stock and class a common stock
    		                            
      payment of dividend to common stock and class a common stockholders
    		                            
      capitalization of interest on loans held for sale at fair value
    		                        -20,250,000    
      purchase of loans held for sale from nonaffiliates
    		                            
      advance on notes payable
    		                            
      repayment of notes payable
    		                           0 
      payment of dividend to class a common stockholders
    		                           0 
      net gains on mortgage loans held for sale at fair value
    		                          -84,776,000 -59,748,000 
      capitalization of interest on mortgage loans held for sale at fair value
    		                          -16,487,000 -12,292,000 
      purchase of mortgage loans held for sale from pennymac mortgage investment trust
    		                          -6,959,389,000 -9,382,962,000 
      originations of mortgage loans held for sale
    		                          -1,719,734,000 -1,482,267,000 
      purchase of mortgage loans from ginnie mae securities and early buyout investors for modification and subsequent sale
    		                          -941,154,000 -694,118,000 
      sale to non-affiliates and principal payments of mortgage loans held for sale
    		                          8,536,430,000  
      sale of mortgage loans held for sale to pennymac mortgage investment trust
    		                          884,510,000 1,006,866,000 
      repurchase of mortgage loans subject to representations and warranties
    		                          -4,064,000 -1,130,000 
      advances on notes payable
    		                           0 
      collection of repurchase agreement derivatives
    		                           12,447,000 
      decrease in deferred tax assets
    		                            
      issuance of mortgage loan participation certificates
    		                           5,885,989,000 
      repayment of mortgage loan participation certificates
    		                           -5,878,209,000 
      advances of obligations under capital lease
    		                            
      settlement of excess servicing spread financing
    		                            
      acceptance of mortgage servicing liability
    		                            
      distribution to private national mortgage acceptance company, llc members
    		                            
      cash and restricted cash at year end are comprised of the following:
    		                            
      amortization of premiums and debt issuance costs
    		                            
      sale and principal payments of mortgage loans held for sale to non-affiliates
    		                            
      decrease in receivable from investment funds
    		                            
      decrease in payable to investment funds
    		                            
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.