For the year ending 2025-12-31, PFSI had $63,198K increase in cash & cash equivalents over the period. -$1,663,905K in free cash flow.
| Cash Flow | 2025-12-31 |
|---|---|
| Net income | 501,077 |
| Net gains on loans held for sale at fair value | 1,071,754 |
| Change in fair value of mortgage servicing rights, mortgage servicing liabilities | 1,413,280 |
| Mortgage servicing rights hedging results | 56,546 |
| Accrual of unearned discounts on principal-only stripped mortgage-backed securities | -46,035 |
| Capitalization of interest on loans held for sale | 2,149 |
| Amortization of debt issuance costs | 32,758 |
| Results of real estate acquired in settlement in loans | -3,463 |
| Change in fair value of investment in common shares of pennymac mortgage investment trust | -3 |
| Repricing of payable to exchanged private national mortgage acceptance company, llc unitholders under tax receivable agreement | 1,141 |
| Stock-based compensation expense | 36,229 |
| Provision for servicing advance losses | 46,985 |
| Depreciation and amortization | 54,392 |
| Impairment of capitalized software | 4,597 |
| Amortization of operating lease right-of-use assets | 14,963 |
| Purchase of loans held for sale from non-affiliates | 60,191,323 |
| Purchase of loans held for sale from pennymac mortgage investment trust | 52,895,921 |
| Origination of loans held for sale | 28,200,329 |
| Purchase of loans from ginnie mae securities and early buyout investors | 4,080,395 |
| Sale to non-affiliates and principal payment of loans held for sale | 131,616,877 |
| Sale of loans held for sale to pennymac mortgage investment trust | 11,216,713 |
| Repurchase of loans subject to representations and warranties | 113,824 |
| Increase in servicing advances | 252,078 |
| Decrease (increase) in receivable from pennymac mortgage investment trust | -3,099 |
| Sale of real estate acquired in settlement of loans | 76,972 |
| Increase in other assets | 63,898 |
| Increase in accounts payable and accrued expenses | 262,854 |
| Decrease in operating lease liabilities | -18,317 |
| Increase (decrease) in payable to pennymac mortgage investment trust | 4,444 |
| Increase in income taxes payable | 53,020 |
| Net cash used in operating activities | -1,651,984 |
| Decrease (increase) in short-term investment | -10,516 |
| Repayment of principal-only stripped mortgage-backed securities | -193,133 |
| Net settlement of derivative financial instruments used for hedging of mortgage servicing rights | -154,406 |
| Sale of mortgage servicing rights to non-affiliates | 607,746 |
| Sale of mortgage servicing rights to pennymac mortgage investment trust | 7,484 |
| Acquisition of capitalized software | 39,284 |
| Purchase of furniture, fixtures, equipment and leasehold improvements | 11,921 |
| Increase in margin deposits | 369,587 |
| Net cash provided by (used in) investing activities | 552,493 |
| Sale of assets under agreements to repurchase | 144,491,731 |
| Repurchase of assets sold under agreements to repurchase | 144,386,021 |
| Issuance of mortgage loan participation purchase and sale certificates | -25,765,878 |
| Repayment of mortgage loan participation purchase and sale certificates | 25,565,646 |
| Issuance of notes payable secured by mortgage servicing assets | 575,000 |
| Repayment of notes payable secured by mortgage servicing assets | 1,300,000 |
| Issuance of unsecured senior notes | 2,350,000 |
| Repayment of unsecured senior notes | 650,000 |
| Payment of debt issuance costs | 60,038 |
| Issuance of common stock by exercise of stock options | 12,837 |
| Payment of withholding taxes relating to stock-based compensation | 3,763 |
| Payment of dividends to holders of common stock | 62,550 |
| Repurchase of common stock | 4,739 |
| Net cash provided by financing activities | 1,162,689 |
| Net increase (decrease) in cash | 63,198 |
| Restricted cash included in other assets | 0 |
| Cash at beginning of year | 238,482 |
| Cash at end of year | 301,680 |
PennyMac Financial Services, Inc. (PFSI)
PennyMac Financial Services, Inc. (PFSI)