PennyMac Mortgage Investment Trust (PMT)

PMT Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	127.87	160.98	199.65	-73.29	56.85
Depreciation & Amortization	20.17	23.1	15.14	16.56	27.16
Stock-Based Compensation	3.87	3.48	5.21	4.31	2.42
Net Change in Loans Held-for-Sale	-7,582	-2,342	874.22	1,510	-2,599
Other Adjustments	289.81	239.97	171.5	378.23	296.07
Changes in Accounts Payable	28.78	-216.12	194.06	73.16	-27.32
Changes in Other Operating Activities	-101.39	-572.39	-119.6	-124.01	-575.71
Operating Cash Flow	-7,213	-2,703	1,340	1,784	-2,820
Operating Cash Flow Growth	-	-	-24.90%	-	-
Net Change in Loans Held-for-Investment	652.65	101.65	94.43	159.65	93.45
Net Change in Securities and Investments	-276.8	875.96	-69.24	-2,444	-577.23
Purchases of Intangible Assets	-	-29.26	-14.63	-	-
Sale of Property, Plant & Equipment	1.23	1.87	4.67	8	17.1
Proceeds from Sale of Intangible Assets	-0.88	-0.56	0.47	-0.1	134.62
Other Investing Activities	53.46	410.74	-37.42	409.15	1,425
Investing Cash Flow	429.67	1,360	-21.73	-1,867	1,093
Net Change in Short-Term Interbank Borrowing and Repurchase Agreements	1,514	881.61	-990.83	-55.9	275.75
Long-Term Debt Issued	7,765	4,729	2,980	5,070	7,231
Long-Term Debt Repaid	-2,362	-3,997	-2,913	-4,560	-5,727
Net Long-Term Debt Issued (Repaid)	5,402	731.9	67.06	509.84	1,503
Repurchase of Common Stock	-1.13	-1.85	-29.06	-88.51	-57.59
Net Common Stock Issued (Repurchased)	-1.13	-1.85	-29.06	-88.51	-57.59
Issuance of Preferred Stock	-	-	-	-	250
Net Preferred Stock Issued (Repurchased)	-	-	-	-	250
Common Dividends Paid	-139.37	-139.3	-140.62	-173.55	-183.97
Preferred Share Dividends Paid	-41.82	-41.82	-41.82	-41.82	-30.15
Other Financing Activities	-15.94	-31.45	-13.97	-14.17	-29.24
Financing Cash Flow	6,718	1,399	-1,149	135.89	1,728
Net Cash Flow	-65.72	56.61	169.22	52.88	1.28
Free Cash Flow	-7,213	-2,703	1,340	1,784	-2,820
Free Cash Flow Growth	-	-	-24.90%	-	-
FCF Margin	-24345.17%	-1461.53%	694.99%	587.44%	-670.89%
Free Cash Flow Per Share	-82.92	-31.13	12.00	19.52	-28.95
Levered Free Cash Flow	5,436	85.65	314.5	360.44	953.26
Unlevered Free Cash Flow	-52.45	-765.41	89.6	-34.29	-575.87

Updated Dec 31, 2025. Data Source: Fiscal.ai. Banks template. Financial Sources.

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