XML 30 R2.htm IDEA: XBRL DOCUMENT v3.23.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
ASSETS    
Cash $ 1,497,903 $ 1,328,536
Short-term investment at fair value 3,584 12,194
Loans held for sale at fair value (includes $6,668,418 and $3,442,847 pledged to creditors) 6,772,423 3,509,300
Derivative assets 110,664 99,003
Servicing advances, net (includes valuation allowance of $75,178 and $78,992; $315,323 and $381,379 pledged to creditors) 547,158 696,753
Mortgage servicing rights at fair value (includes $5,954,749 and $5,897,613 pledged to creditors) 6,003,390 5,953,621
Operating lease right-of-use assets 61,406 65,866
Investment in PennyMac Mortgage Investment Trust at fair value 925 929
Receivable from PennyMac Mortgage Investment Trust 35,166 36,372
Loans eligible for repurchase 4,557,325 4,702,103
Other (includes $31,909 and $12,277 pledged to creditors) 513,241 417,907
Total assets 20,103,185 16,822,584
LIABILITIES    
Assets sold under agreements to repurchase 5,764,157 3,001,283
Mortgage loan participation purchase and sale agreements 515,358 287,592
Notes payable secured by mortgage servicing assets 2,471,930 1,942,646
Unsecured senior notes 1,780,833 1,779,920
Derivative liabilities 49,087 21,712
Mortgage servicing liabilities at fair value 2,011 2,096
Accounts payable and accrued expenses 218,433 262,358
Operating lease liabilities 81,724 85,550
Payable to PennyMac Mortgage Investment Trust 142,007 205,011
Payable to exchanged Private National Mortgage Acceptance Company, LLC unitholders under tax receivable agreement 26,099 26,099
Income taxes payable 1,010,928 1,002,744
Liability for loans eligible for repurchase 4,557,325 4,702,103
Liability for losses under representations and warranties 31,103 32,421
Total liabilities 16,650,995 13,351,535
Commitments and contingencies - Note 16
STOCKHOLDERS' EQUITY    
Retained earnings 3,452,185 3,471,044
Total stockholders' equity 3,452,190 3,471,049
Total liabilities and stockholders' equity 20,103,185 16,822,584
Common Class A [Member]    
STOCKHOLDERS' EQUITY    
Common stock - authorized 200,000,000 shares of $0.0001 par value; issued and outstanding, 50,097,030 and 49,988,492 shares respectively $ 5 $ 5