$543.9 M

PFSI Mkt cap, 20-Sep-2018

$482.5 M

PennyMac Financial Services Revenue Q2, 2018
PennyMac Financial Services Net income (Q2, 2018)135.3 M
PennyMac Financial Services Cash, 30-Jun-2018189.7 M
PennyMac Financial Services EV2.6 B

PennyMac Financial Services Revenue Breakdown

Embed Graph

PennyMac Financial Services revenue breakdown by business segment: 22.9% from Loan Servicing, 74.6% from Loan Production and 2.6% from Other

PennyMac Financial Services Income Statement

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

405.5 m518.3 m713.1 m931.9 m955.5 m

Revenue growth, %

28%38%31%

Sales and marketing expense

7 m358.7 m

General and administrative expense

22.6 m

Operating expense total

7 m619.6 m

EBIT

214.6 m179.5 m73.3 m72.4 m

EBIT margin, %

53%35%10%8%

Interest expense

149.8 m144.5 m

Interest income

222.1 m143.2 m

Pre tax profit

383.1 m335.9 m

Income tax expense

46.1 m24.4 m

Net Income

200.2 m196.3 m247.6 m337 m311.5 m

Quarterly

USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018Q2, 2018

Revenue

196.4 m189.2 m143.4 m207.8 m291.4 m204.5 m238.2 m482.5 m

Sales and marketing expense

1.4 m1.6 m1.3 m2.2 m1.5 m1.9 m2 m102 m200.6 m

General and administrative expense

6.4 m12.9 m

Operating expense total

44.7 m45.7 m41.2 m55.8 m58.3 m41.9 m52.1 m165.2 m334.8 m

EBIT

15.6 m23.7 m22.4 m15.2 m17.8 m10.9 m14 m

EBIT margin, %

8%13%16%7%6%5%

Interest expense

29.7 m37.8 m32 m36.6 m40.3 m37.2 m38.4 m36.7 m69.4 m

Interest income

45.3 m61.4 m54.4 m51.8 m58.1 m48.1 m52.4 m42.6 m97.7 m

Pre tax profit

74.8 m73.9 m30.1 m84.3 m139.3 m62 m73 m147.7 m

Income tax expense

8.6 m6.3 m3.6 m10 m9.6 m7.6 m3 m6.1 m12.4 m

Net Income

95 m168 m47.1 m28.1 m38.8 m14.5 m(5.3 m)35.4 m28.7 m28.8 m66.9 m135.3 m

PennyMac Financial Services Balance Sheet

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

27.4 m76.4 m58.1 m99.4 m37.7 m

Accounts Receivable

1.4 m

Inventories

Total Assets

4.3 b4.9 b5.8 b5.1 b7.4 b

Accounts Payable

134.6 m106.7 m

Short-term debt

236 m275.1 m891.5 m

Long-term debt

236 m275.1 m891.5 m

Total Debt

472 m550.2 m1.8 b

Total Liabilities

3.7 b5.6 b

Common Stock

2 k2 k

Additional Paid-in Capital

1.4 b1.5 b1.5 b182.8 m204.1 m

Retained Earnings

81.9 m97.7 m25.7 m164.5 m265.3 m

Total Equity

1.5 b1.6 b1.5 b1.4 b1.7 b

Debt to Equity Ratio

0.3 x0.4 x

Debt to Assets Ratio

0.1 x0.1 x

Financial Leverage

2.9 x3.1 x3.9 x3.7 x4.3 x

Quarterly

USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018Q2, 2018

Cash

11.9 m70.8 m77.3 m82 m114.7 m89.3 m67 m95.7 m139.1 m120 m69.9 m137.9 m189.7 m

Accounts Receivable

1.5 m1.4 m

Total Assets

4.2 b2.2 b2.5 b2.9 b6.7 b5.6 b5.8 b5.8 b6.6 b6 b6 b6.9 b6.8 b

Accounts Payable

72.4 m70.4 m62.7 m86.9 m76 m67.1 m71.9 m75.6 m88.7 m80.2 m74.3 m113 m114 m

Short-term debt

192.4 m192.3 m206.2 m164 m196.1 m100.1 m160 m1.1 b1.1 b

Long-term debt

192.4 m192.3 m206.2 m164 m196.1 m100.1 m160 m1.1 b1.1 b

Total Debt

384.7 m384.7 m412.4 m328 m392.3 m200.2 m320 m2.3 b2.3 b

Total Liabilities

2.7 b5.2 b4.1 b4.4 b4.4 b5.3 b4.5 b4.6 b5.1 b5 b

Common Stock

2 k2 k2 k2 k2 k2 k2 k2 k2 k2 k3 k

Additional Paid-in Capital

1.5 b159 m161.3 m164.7 m1.5 b1.5 b1.4 b1.4 b1.4 b1.5 b1.5 b221.5 m229.9 m

Retained Earnings

76.2 m32 m42.5 m60.3 m41.2 m45 m7.5 m(29.8 m)(26.3 m)(29.6 m)(35 m)282.1 m300 m

Total Equity

1.5 b721.7 m766.4 m852.8 m1.5 b1.5 b1.4 b1.4 b1.4 b1.5 b1.5 b1.8 b1.9 b

Financial Leverage

2.7 x3 x3.3 x3.4 x4.4 x3.7 x4.1 x4.2 x4.9 x4.1 x4.1 x3.8 x3.7 x

PennyMac Financial Services Cash Flow

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

200.2 m194.5 m90.1 m337 m311.5 m

Depreciation and Amortization

5.8 m8.4 m

Accounts Receivable

Inventories

Accounts Payable

(14.5 m)8 m46.7 m

Cash From Operating Activities

(242.8 m)(366 m)(863.2 m)(938.5 m)(883.6 m)

Cash From Investing Activities

(1 b)11.5 m(34.7 m)(339.2 m)

Cash From Financing Activities

1.3 b387 m833.4 m967.2 m1.2 b

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018Q2, 2018

Net Income

147.5 m37.9 m113.1 m168 m7.5 m35.6 m74.4 m14.5 m9.2 m44.6 m28.7 m57.5 m66.9 m135.3 m

Depreciation and Amortization

612 k972 k394 k911 k1.6 m1.1 m2.3 m4 m2 m2.6 m5.6 m

Accounts Payable

(12.4 m)6 m4.2 m8.4 m10.6 m9.8 m14.1 m27.4 m(27.5 m)(33.5 m)

Cash From Operating Activities

(432.2 m)113.3 m(570.5 m)(383.4 m)(753.1 m)(1.7 b)(526.2 m)(39.6 m)(178.4 m)(791.7 m)395.4 m287.2 m537.4 m595.9 m

Cash From Investing Activities

(759.5 m)(507 k)5.6 m1.2 m(91.3 m)(46.7 m)(69.2 m)93.1 m315.2 m168.2 m42 m129.3 m(81.3 m)(95.8 m)

Cash From Financing Activities

1.3 b(128.3 m)468.2 m94.2 m833.8 m735.9 m1 b(44.6 m)(99.2 m)704.4 m(351.8 m)(381 m)(356 m)(348.2 m)

PennyMac Financial Services Ratios

USDY, 2018

EV/CFO

4.4 x

Financial Leverage

3.7 x
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PennyMac Financial Services Operating Metrics

PennyMac Financial Services's Assets Under Management was reported to be $1.6b in Q2, 2017.
FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017

Assets Under Management

$2 b$1.96 b$1.84 b$1.75 b$1.73 b$1.62 b$1.56 b$1.56 b$1.55 b$1.56 b$1.60 b

Total Loans Serviced for Others

$105.98 b$115.24 b$136.17 b$154.83 b$160.27 b$164.91 b$171.72 b$182.08 b$194.24 b$202.88 b$228.96 b
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