PFSI Stock Cash Flow Statements

PennyMac Financial Services Quarterly Cash Flow Statements Chart

Quarterly

Annual

Stock-Based Compensation

Operating Cash Flow

Investing Cash Flow

Financing Cash Flow

PennyMac Financial Services Quarterly Cash Flow Statements Table

Quarterly

Annual

Unit: USD	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	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	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	-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	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	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	-6,699,000	-11,335,000
capitalization of interest on loans held for sale	-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	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
change in fair value of investment in common shares of pennymac mortgage investment trust	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
results of real estate acquired in settlement in loans	-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
repricing of payable to exchanged private national mortgage acceptance company, llc unitholders under tax receivable agreement
stock-based compensation expense	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																			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	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
amortization of operating lease right-of-use assets	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	-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
origination of loans held for sale	-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 held for sale from non-affiliates	-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
purchase of loans from ginnie mae securities and early buyout investors	-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	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	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	-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	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	-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	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
decrease (increase) in other assets															-33,965,000	32,830,000						628,000
increase in accounts payable and accrued expenses											-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	-4,933,000	-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	-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	-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	-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
increase in short-term investment	-18,869,000	-22,840,000	247,381,000	-479,162,000							23,904,000			-71,133,000
purchase of principal-only stripped mortgage-backed securities			0	0	-410,617,000	-524,739,000
repayment of principal-only stripped mortgage-backed securities	46,529,000	37,738,000	60,010,000	23,054,000	13,336,000	116,000
net settlement of derivative financial instruments used for hedging of mortgage servicing rights	-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
acquisition of capitalized software	-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	-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	-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	-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	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	-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	6,469,920,000	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	-6,279,000,000	-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			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	-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	850,000,000	850,000,000	0	0											0	500,000,000	0	650,000,000	150,000,000
repayment of unsecured senior notes
payment of debt issuance costs	-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	513,000	5,452,000	2,046,000
payment of withholding taxes relating to stock-based compensation	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	-15,808,000	-15,005,000	-15,673,000	-15,670,000	-10,397,000	-10,420,000	-10,240,000	-10,232,000
net cash from financing activities	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 decrease in cash	-48,907,000	-27,389,000
cash at beginning of period
cash at end of period				-449,522,000
supplemental cash flow information:
cash paid for interest	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	1,169,000	274,000
non-cash investing activities:
mortgage servicing rights received from loan sales	814,538,000	650,349,000	748,121,000	578,982,000	541,207,000	412,520,000
operating right-of-use assets recognized	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	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
provision (reversal of provision) for servicing advance losses		4,184,000	18,988,000	9,583,000
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(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
impairment of capitalized software															0	0	0	728,000
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
sale of interest-only stripped mortgage-backed securities			80,666,000
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
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 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
exchange of mortgage servicing spread for interest-only stripped mortgage-backed securities			80,666,000
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
decrease (increase) in short-term investment							-4,715,000			8,610,000
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

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