Accrual of unearned discounts and amortization of purchase premiums on mortgage-backed securities, loans held for investment, and asset-backed financings, net
-7,784
3,107
4,547
27,036
Amortization of debt issuance costs
4,412
4,832
4,845
15,322
Results of real estate acquired in settlement of loans
-61
-48
105
-169
Share-based compensation expense
1,544
1,099
1,252
2,613
Purchase of loans held for sale from nonaffiliates
172,106
453,220
520,064
59,033,943
Purchase of loans held for sale from pennymac financial services, inc
4,998,391
4,380,289
5,543,699
5,673,014
Sale to nonaffiliates and repayment of loans held for sale
2,102,216
2,217,203
2,812,416
7,480,047
Sale of loans held for sale to pennymac financial services, inc
0
0
39,421
52,856,500
Repurchase of loans subject to representations and warranties
-5,293
-3,601
-4,778
-21,113
Decrease in servicing advances
-14,820
-17,604
35,278
-43,309
Decrease in due from pennymac financial services, inc
1,304
-2,948
929
2,156
Repurchase of real estate previously sold as loans acquired for sale
-
-
0
-
Decrease in other assets
-13,722
1,965
162,243
-131,263
(decrease) increase in accounts payable and accrued liabilities
-1,657
-31,446
32,619
-3,838
Increase in due to pennymac financial services, inc
1,429
378
-23,043
9,959
Decrease in income taxes payable
-14,187
2,201
-16,356
-20,029
Net cash used in operating activities
-2,939,329
-2,529,366
-3,305,745
-3,907,486
Net increase in short-term investments
7,923
-2,829
9,475
77,845
Purchase of mortgage-backed securities
486,407
4,000
0
942,462
Sale and repayment of mortgage-backed securities
186,316
666,313
200,794
552,184
Repurchase of loans at fair value
-
-
0
-
Repayment of loans held for investment
600,686
523,915
353,119
299,531
Net settlement of derivative financial instruments
1,607
1,010
1,435
-5,110
Distribution from credit risk transfer arrangements
32,753
50,581
36,308
115,232
Purchase of mortgage servicing rights
-
-
0
0
Transfer of mortgage servicing rights relating to delinquent loans to agency
2,107
295
201
675
Sale of real estate acquired in settlement of loans
0
117
547
686
Decrease (increase) in margin deposits
-3,849
-27,082
26,941
74,811
Net cash provided by investing activities
325,560
1,265,532
552,716
-123,050
Sale of assets under agreements to repurchase
14,153,005
13,713,269
12,730,339
88,710,128
Repurchase of assets sold under agreements to repurchase
13,059,176
14,432,214
12,420,120
87,506,607
Issuance of mortgage loan participation purchase and sale agreements
0
0
0
665,124
Repayment of mortgage loan participation purchase and sale agreements
0
0
0
676,775
Issuance of notes payable secured by credit risk transfer and mortgage servicing assets
100,000
251,693
225,000
150,000
Repayment of notes payable secured by credit risk transfer and mortgage servicing assets
16,392
111,939
216,416
835,552
Issuance of unsecured senior notes
0
0
150,000
277,500
Repayment of unsecured senior notes
0
345,000
0
-
Issuance of asset-backed financings of variable interest entities
2,082,450
2,691,462
2,679,653
3,617,501
Repayment of asset-backed financings of variable interest entities
587,531
511,082
339,726
293,955
Payment of debt issuance costs
1,959
3,927
1,921
14,019
Payment of dividends to preferred shareholders
10,455
10,455
10,455
31,364
Payment of dividends to common shareholders
34,893
34,843
34,843
104,524
Payment of vested share-based compensation tax withholdings
0
1,142
0
1,127
Repurchase of common shares of beneficial interest
-
-
0
-
Net cash provided by financing activities
2,625,049
1,205,822
2,761,511
3,956,330
Net (decrease) increase in cash
11,280
-58,012
8,482
-74,206
Cash at beginning of period
213,958
271,970
263,488
337,694
Cash at end of period
225,238
213,958
271,970
263,488
Unit: Thousand (K) dollars (except for numbers of shares and EPS). Numbers labeled with * are estimated quarterly values.
Time Plot
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