XML 138 R121.htm IDEA: XBRL DOCUMENT v3.22.0.1
Parent Company Information - Condensed Statements of Cash Flows (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash flow from operating activities      
Net income $ 1,003,490 $ 1,646,884 $ 392,965
Amortization of debt issuance cost (premiums), net 24,321 19,048 (4,100)
Repricing of payable to exchanged Private National Mortgage Acceptance Company, LLC unitholders under tax receivable agreement   (280) (379)
Increase in accounts payable and accrued expenses 34,666 135,314 38,551
Net cash provided by (used in) operating activities 2,563,061 (6,198,938) (2,245,123)
Cash flow from investing activities      
Net cash (used in) provided by investing activities (304,369) 783,034 148,782
Cash flow from financing activities      
Issuance of unsecured senior notes 1,150,000 650,000  
Payment of debt issuance costs (37,567) (30,112) (6,603)
Issuance of common stock pursuant to exercise of stock options 7,536 9,389 5,145
Repurchase of common stock and Class A common stock (958,194) (337,479) (1,056)
Payment of withholding taxes relating to stock-based compensation (8,993) (5,265) (4,634)
Net cash (used in) provided by financing activities (2,451,380) 5,760,107 2,128,995
Non-cash financing activity:      
Restricted Cash 24 65 287
PennyMac Financial Services, Inc.      
Non-cash financing activity:      
Issuance of common stock in settlement of directors' fees 200 194 233
PennyMac Financial Services, Inc. | Parent Company [Member]      
Cash flow from operating activities      
Net income 1,003,490 1,646,884 392,965
Equity in undistributed earnings of subsidiaries (261,084) (1,435,328) (448,033)
Amortization of debt issuance cost (premiums), net 2,321 225  
Increase in receivable from PennyMac Mortgage Investment Trust (27)    
(Increase) decrease in intercompany receivable (897,063) (574,518) 8,962
Increase in accounts payable and accrued expenses 13,545 14,590  
Increase in payable to subsidiaries (22,289) 18,211  
Increase in income taxes payable 35,839 65,406 58,609
Net cash provided by (used in) operating activities (125,268) (264,530) 12,503
Cash flow from financing activities      
Issuance of unsecured senior notes 1,150,000 650,000  
Payment of debt issuance costs (21,922) (4,405)  
Payment of dividend to common stock and Class A common stockholders (52,896) (30,947) (9,708)
Issuance of common stock pursuant to exercise of stock options 7,536 9,389 5,145
Repurchase of common stock and Class A common stock (958,194) (337,479) (1,056)
Payment of withholding taxes relating to stock-based compensation (8,993) (5,265) (4,634)
Net cash (used in) provided by financing activities 115,531 281,293 (10,253)
Net increase (decrease) in cash (9,737) 16,763 2,250
Cash at beginning of year 19,013 2,250  
Cash at end of year 9,276 19,013 2,250
Non-cash financing activity:      
Restricted Cash $ 0 $ 0 $ 0