PennyMac Financial Services, Inc. (PFSI) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Cash from Operations | -1.34B | -1.63B | -697.37M | -131.31M | 1.07B | -2.15B | -393.71M | -1.09B | -1.07B | 430.29M | -975.94M | 2.23B | -3.26B | 489.41M | -587.69M | 1.7B | 4.43B | -207.02M | 1.44B | 2.62B |
| Operating CF Margin % | -246.24% | -137.71% | -78.99% | -14.1% | 99.64% | -457.07% | -95.6% | -152.78% | -213.3% | 80.85% | -175.14% | 390.71% | -486.53% | 110.13% | -105.06% | 362.02% | 848.32% | -39.56% | 163.95% | 309.69% |
| Operating CF Growth % | -225.89% | 24.16% | -77.13% | 87.98% | 199.95% | -599.37% | 59.66% | -149.05% | 67.33% | -12.08% | -66.06% | 30.76% | -173.74% | 336.4% | -140.85% | -34.84% | 454.75% | 90.9% | 133.54% | 138.66% |
| Net Income | 82.32M | 106.83M | 181.5M | 136.46M | 76.28M | 104.49M | 69.37M | 98.26M | 39.31M | -36.84M | 92.87M | 58.25M | 30.38M | 37.62M | 135.13M | 129.16M | 173.59M | 173.08M | 249.31M | 204.23M |
| Depreciation & Amortization | 12.88M | 17.22M | 16.48M | 18.36M | 17.3M | 17.24M | 17.13M | 17.69M | 17.6M | 17.59M | 17.34M | 17.33M | 17.76M | 14.63M | 13.47M | 11.34M | 10.79M | 10.67M | 10.38M | 10.87M |
| Stock-Based Compensation | 2.45M | 7.7M | 9.93M | 7.52M | 11.08M | -446K | 18.94M | -2.21M | 4.58M | 6.74M | 8.81M | 375K | 11.65M | 11.86M | 6.47M | 14.95M | 9.28M | 9.2M | 8.82M | 0 |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 511.49M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 75.24M | 0 |
| Other Non-Cash Items | -1.44B | -1.98B | -917.17M | -275.09M | 928.19M | -2.1B | -505.58M | -1.29B | -829.67M | 36.84M | -1.19B | 2.1B | -3.3B | 530.96M | -900.55M | 1.38B | 4.14B | -246.9M | 1.02B | 2.57B |
| Working Capital Changes | 0 | 222.29M | 11.89M | -18.57M | 33.1M | -171.27M | 6.42M | 85.06M | -298.31M | -105.53M | 94.35M | 50.73M | -28.31M | -105.67M | 157.78M | 168.26M | 89.14M | -153.08M | 69.85M | -171.13M |
| Change in Receivables | 0 | 19.36M | -12.36M | -3.67M | -229K | 987K | -3.91M | 458K | -2M | -2.56M | -3.31M | 9.66M | 1.87M | -4.17M | 10.94M | -16.09M | 12.1M | 7.84M | 9.35M | 3.18M |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 206.25M | 0 | 0 | 90.15M | 0 | 0 | 0 | 0 | 0 | 117.22M | 0 |
| Change in Payables | -182.12M | 145.84M | 68.17M | 34.07M | 14.77M | 27.47M | 38.94M | 37.03M | -182.1M | 146.32M | -20.66M | 39.79M | -43.77M | -95.56M | 40.11M | -53.53M | -501K | -11.04M | -15.41M | 14.22M |
| Cash from Investing | 3.72B | -333.1M | 753.04M | -157.42M | 30.38M | -128.34M | -239.2M | -737.79M | -614.06M | 104.69M | -191.48M | -165.56M | -20.93M | -238.01M | -56.19M | -259.97M | -167.41M | -2.91M | -156.22M | 42.45M |
| Capital Expenditures | 0 | -22.97M | -2.08M | -1.3M | -371K | -248K | -148K | -401K | -4.78M | -7.63M | -260K | -458K | -10.76M | -1.55M | -1.51M | -1.51M | -2.58M | -1.9M | -11.63M | -13.85M |
| CapEx % of Revenue | - | 1.94% | 0.24% | 0.14% | 0.03% | 0.05% | 0.04% | 0.06% | 0.96% | 1.43% | 0.05% | 0.08% | 1.6% | 0.35% | 0.27% | 0.32% | 0.49% | 0.36% | 1.33% | 1.64% |
| Acquisitions | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Investments | 0 | 9.32B | 63.15M | 463.23M | 444.49M | 421.5M | 669M | 189.8M | 110.16M | 11.39M | 6.48M | 9.1M | 4.51M | 13.12M | 36.98M | 6M | 79.27M | 8.17M | 6.52M | 5.3M |
| Other Investing | 0 | 273.43M | 165.74M | -98.29M | -58.72M | -23.72M | -85.77M | 15.3M | 140.21M | -85.07M | 138.13M | -61.92M | 14.15B | -199.24M | 213.1M | -258.46M | -164.83M | -36.11M | -6.88M | 199.81M |
| Cash from Financing | 0 | 1.64B | 404.07M | 239.82M | -1.12B | 2.37B | 183.39M | 1.5B | 1.67B | -773.91M | 812.33M | -2.03B | 3.46B | -481.54M | 787.15M | -518.59M | -4.11B | 73.5M | -1.13B | -2.78B |
| Debt Issued (Net) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Equity Issued (Net) | 0 | 2.43M | -298K | 513K | 0 | 2.05M | 0 | 0 | -1.77M | 84K | 0 | -26.21M | -54.5M | -51.33M | -99.7M | -113.64M | -141.41M | -257.4M | -257.35M | -161.74M |
| Dividends Paid | 0 | -15.93M | -15.81M | -15.81M | -15.01M | -15.67M | -15.67M | -10.4M | -10.42M | -10.24M | -10.23M | -10.2M | -10.78M | -10.41M | -21.64M | -11.14M | -11.43M | -12.26M | -12.7M | -13.56M |
| Share Repurchases | 0 | 0 | -4.74M | 0 | 0 | 0 | 0 | 0 | 0 | 84K | 0 | -26.21M | -45.36M | -51.33M | -99.7M | -113.64M | -141.41M | -257.4M | -257.35M | -154.92M |
| Other Financing | 0 | 0 | -228.48M | 264.2M | -1.65B | 2.08B | 193.55M | 960.47M | 1.66B | -713.75M | 630.05M | -1.98B | 2.76B | -489.74M | 1.04B | -900.64M | -3.97B | 385.2M | -1.37B | 8.55M |
| Net Change in Cash | 0 | -320.24M | 459.74M | -48.91M | -27.39M | 92.67M | -449.52M | -332.06M | -10.98M | -238.93M | -355.1M | 34.49M | 169.37M | -230.14M | 143.27M | 925.6M | 149.72M | -136.43M | 152.34M | -117.68M |
| Free Cash Flow | -1.34B | -1.64B | -707.65M | -141.77M | 1.06B | -2.16B | -398.2M | -1.1B | -1.07B | 422.66M | -984.61M | 2.22B | -3.28B | 475.48M | -613.5M | 1.68B | 4.41B | -225.63M | 1.43B | 2.61B |
| FCF Margin % | -246.24% | -138.4% | -80.16% | -15.22% | 98.94% | -458.69% | -96.69% | -153.5% | -214.25% | 79.41% | -176.7% | 389.11% | -488.14% | 107% | -109.68% | 357.48% | 844.1% | -43.11% | 162.62% | 309.42% |
| FCF Growth % | -226.79% | 24.05% | -77.71% | 87.09% | 198.8% | -610.19% | 59.56% | -149.48% | 67.3% | -11.11% | -60.49% | 31.88% | -174.36% | 310.74% | -143% | -35.6% | 449.41% | 90.15% | 133.2% | 143.39% |
| FCF per Share | -24.92 | -30.23 | -13.13 | -2.64 | 19.74 | -40.25 | -7.44 | -20.64 | -20.17 | 8.46 | -18.73 | 42.46 | -61.40 | 8.96 | -11.16 | 29.71 | 74.50 | -3.64 | 21.73 | 37.65 |
| FCF Conversion (FCF/Net Income) | -16.30x | -15.25x | -3.84x | -0.96x | 13.97x | -20.56x | -5.68x | -11.12x | -27.13x | -11.68x | -10.51x | 38.25x | -107.48x | 13.01x | -4.35x | 13.19x | 25.50x | -1.20x | 5.77x | 12.81x |
| Interest Paid | 0 | 0 | 243.03M | 252.07M | 205.45M | 225.75M | 198.07M | 221.13M | 152.26M | 0 | 158.06M | 175.72M | 0 | 93.47M | 81.76M | 72.44M | 82.31M | 0 | 93M | 0 |
| Taxes Paid | 0 | 0 | 928K | 1.17M | 274K | -576K | 1.4M | 536K | 124K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 316K | 0 | 523K | 0 |