PennyMac Financial Services, Inc.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $501.1M | $311.4M | $144.7M | $475.5M | $1.00B | $1.65B | $393.0M | $87.7M |
| Depreciation & Amortization | $54.4M | $56.0M | $53.2M | $34.4M | $28.6M | $25.6M | $15.0M | $12.9M |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | $36.2M | $20.9M | $27.6M | $42.6M | $37.8M | $45.1M | $24.8M | $25.3M |
| Net Cash from Operating Activities | $-1.65B | $-4.53B | $-1.58B | $6.03B | $2.56B | $-6.20B | $-2.25B | $572.4M |
| Investing Activities | ||||||||
| Capital Expenditures | $11.9M | $1.7M | $1.4M | $7.2M | $7.9M | $10.7M | $6.1M | $13.4M |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $552.5M | $-1.89B | $-273.3M | $-721.6M | $-304.4M | $783.0M | $148.8M | $-322.6M |
| Financing Activities | ||||||||
| Dividends Paid | $62.6M | $52.2M | $41.4M | $54.6M | $52.9M | $30.9M | $9.7M | $10.1M |
| Stock Repurchases | $4.7M | — | $71.5M | $406.1M | $958.2M | $337.5M | $1.1M | $5.3M |
| Net Cash from Financing Activities | $1.16B | $5.72B | $1.47B | $-4.32B | $-2.45B | $5.76B | $2.13B | $-132.0M |
| Net Change in Cash | $63.2M | $-699.9M | $-390.2M | $988.4M | $-192.7M | $344.2M | $32.7M | $117.8M |
| Free Cash Flow | $-1.66B | $-4.53B | $-1.58B | $6.03B | $2.56B | $-6.21B | $-2.25B | $559.0M |