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
11,686
Amortization of debt issuance costs
4,412
4,832
4,845
7,110
Results of real estate acquired in settlement of loans
-61
-48
105
-27
Share-based compensation expense
1,544
1,099
1,252
812
Purchase of loans held for sale from nonaffiliates
172,106
453,220
520,064
5,360,209
Purchase of loans held for sale from pennymac financial services, inc
4,998,391
4,380,289
5,543,699
3,983,322
Sale to nonaffiliates and repayment of loans held for sale
2,102,216
2,217,203
2,812,416
2,496,351
Sale of loans held for sale to pennymac financial services, inc
0
0
39,421
5,474,275
Repurchase of loans subject to representations and warranties
-5,293
-3,601
-4,778
-8,016
Decrease in servicing advances
-14,820
-17,604
35,278
-8,845
Decrease in due from pennymac financial services, inc
1,304
-2,948
929
3,277
Repurchase of real estate previously sold as loans acquired for sale
-
-
0
-
Decrease in other assets
-13,722
1,965
162,243
33,430
(decrease) increase in accounts payable and accrued liabilities
-1,657
-31,446
32,619
-6,261
Increase in due to pennymac financial services, inc
1,429
378
-23,043
9,561
Decrease in income taxes payable
-14,187
2,201
-16,356
-11,494
Net cash used in operating activities
-2,939,329
-2,529,366
-3,305,745
-1,297,623
Net increase in short-term investments
7,923
-2,829
9,475
72,457
Purchase of mortgage-backed securities
486,407
4,000
0
905,380
Sale and repayment of mortgage-backed securities
186,316
666,313
200,794
321,370
Repurchase of loans at fair value
-
-
0
-
Repayment of loans held for investment
600,686
523,915
353,119
153,624
Net settlement of derivative financial instruments
1,607
1,010
1,435
-2,529
Distribution from credit risk transfer arrangements
32,753
50,581
36,308
43,963
Purchase of mortgage servicing rights
-
-
0
0
Transfer of mortgage servicing rights relating to delinquent loans to agency
2,107
295
201
284
Sale of real estate acquired in settlement of loans
0
117
547
0
Decrease (increase) in margin deposits
-3,849
-27,082
26,941
-20,441
Net cash provided by investing activities
325,560
1,265,532
552,716
-436,194
Sale of assets under agreements to repurchase
14,153,005
13,713,269
12,730,339
16,713,866
Repurchase of assets sold under agreements to repurchase
13,059,176
14,432,214
12,420,120
15,834,015
Issuance of mortgage loan participation purchase and sale agreements
0
0
0
56,497
Repayment of mortgage loan participation purchase and sale agreements
0
0
0
65,030
Issuance of notes payable secured by credit risk transfer and mortgage servicing assets
100,000
251,693
225,000
100,000
Repayment of notes payable secured by credit risk transfer and mortgage servicing assets
16,392
111,939
216,416
518,958
Issuance of unsecured senior notes
0
0
150,000
0
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
1,380,735
Repayment of asset-backed financings of variable interest entities
587,531
511,082
339,726
150,599
Payment of debt issuance costs
1,959
3,927
1,921
2,794
Payment of dividends to preferred shareholders
10,455
10,455
10,455
10,454
Payment of dividends to common shareholders
34,893
34,843
34,843
34,843
Payment of vested share-based compensation tax withholdings
0
1,142
0
0
Repurchase of common shares of beneficial interest
-
-
0
-
Net cash provided by financing activities
2,625,049
1,205,822
2,761,511
1,634,405
Net (decrease) increase in cash
11,280
-58,012
8,482
-99,412
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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