PennyMac Financial Services Inc
NYSE:PFSI
Income Statement
Earnings Waterfall
PennyMac Financial Services Inc
Revenue
|
2.1B
USD
|
Cost of Revenue
|
-671.9m
USD
|
Gross Profit
|
1.4B
USD
|
Operating Expenses
|
-1.1B
USD
|
Operating Income
|
353.7m
USD
|
Other Expenses
|
-200m
USD
|
Net Income
|
153.7m
USD
|
Income Statement
PennyMac Financial Services Inc
Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
447
N/A
|
482
+8%
|
546
+13%
|
597
+9%
|
670
+12%
|
756
+13%
|
852
+13%
|
938
+10%
|
1 002
+7%
|
1 094
+9%
|
1 231
+12%
|
1 362
+11%
|
1 390
+2%
|
1 388
0%
|
1 361
-2%
|
1 392
+2%
|
1 378
-1%
|
1 329
-4%
|
1 250
-6%
|
1 129
-10%
|
1 140
+1%
|
1 219
+7%
|
1 422
+17%
|
1 689
+19%
|
2 187
+29%
|
2 706
+24%
|
3 397
+26%
|
3 977
+17%
|
4 246
+7%
|
4 216
-1%
|
3 910
-7%
|
3 558
-9%
|
3 241
-9%
|
2 978
-8%
|
2 660
-11%
|
2 321
-13%
|
2 021
-13%
|
1 954
-3%
|
1 952
0%
|
2 039
+5%
|
2 076
+2%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(20)
|
(24)
|
(32)
|
(37)
|
(43)
|
(50)
|
(59)
|
(69)
|
(78)
|
(87)
|
(93)
|
(106)
|
(115)
|
(126)
|
(141)
|
(145)
|
(152)
|
(148)
|
(144)
|
(145)
|
(145)
|
(166)
|
(183)
|
(212)
|
(236)
|
(236)
|
(243)
|
(272)
|
(318)
|
(367)
|
(395)
|
(391)
|
(360)
|
(329)
|
(321)
|
(335)
|
(390)
|
(497)
|
(571)
|
(638)
|
(672)
|
|
Gross Profit |
428
N/A
|
458
+7%
|
514
+12%
|
560
+9%
|
627
+12%
|
706
+13%
|
793
+12%
|
870
+10%
|
924
+6%
|
1 008
+9%
|
1 138
+13%
|
1 256
+10%
|
1 275
+2%
|
1 262
-1%
|
1 220
-3%
|
1 248
+2%
|
1 227
-2%
|
1 182
-4%
|
1 107
-6%
|
985
-11%
|
994
+1%
|
1 053
+6%
|
1 239
+18%
|
1 477
+19%
|
1 952
+32%
|
2 470
+27%
|
3 154
+28%
|
3 706
+17%
|
3 928
+6%
|
3 849
-2%
|
3 516
-9%
|
3 167
-10%
|
2 880
-9%
|
2 649
-8%
|
2 339
-12%
|
1 986
-15%
|
1 631
-18%
|
1 456
-11%
|
1 380
-5%
|
1 402
+2%
|
1 404
+0%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(252)
|
(274)
|
(302)
|
(337)
|
(400)
|
(462)
|
(538)
|
(591)
|
(669)
|
(742)
|
(807)
|
(873)
|
(860)
|
(873)
|
(877)
|
(912)
|
(880)
|
(818)
|
(775)
|
(717)
|
(739)
|
(773)
|
(854)
|
(948)
|
(1 068)
|
(1 206)
|
(1 327)
|
(1 452)
|
(1 597)
|
(1 718)
|
(1 774)
|
(1 808)
|
(1 793)
|
(1 664)
|
(1 508)
|
(1 321)
|
(1 162)
|
(1 092)
|
(1 075)
|
(1 055)
|
(1 051)
|
|
Selling, General & Administrative |
(206)
|
(221)
|
(247)
|
(275)
|
(303)
|
(350)
|
(383)
|
(400)
|
(424)
|
(425)
|
(458)
|
(504)
|
(531)
|
(547)
|
(550)
|
(598)
|
(626)
|
(659)
|
(700)
|
(691)
|
(713)
|
(747)
|
(825)
|
(906)
|
(1 032)
|
(1 166)
|
(1 288)
|
(1 403)
|
(1 536)
|
(1 647)
|
(1 688)
|
(1 748)
|
(1 741)
|
(1 625)
|
(1 478)
|
(1 258)
|
(1 119)
|
(1 047)
|
(1 033)
|
(1 009)
|
(1 013)
|
|
Depreciation & Amortization |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(9)
|
0
|
0
|
0
|
(9)
|
0
|
0
|
0
|
(8)
|
0
|
0
|
0
|
(11)
|
0
|
0
|
0
|
(10)
|
0
|
|
Other Operating Expenses |
(46)
|
(53)
|
(56)
|
(62)
|
(97)
|
(113)
|
(155)
|
(191)
|
(244)
|
(318)
|
(349)
|
(369)
|
(329)
|
(327)
|
(327)
|
(314)
|
(254)
|
(159)
|
(76)
|
(26)
|
(26)
|
(26)
|
(28)
|
(33)
|
(35)
|
(39)
|
(39)
|
(40)
|
(60)
|
(72)
|
(86)
|
(51)
|
(51)
|
(38)
|
(29)
|
(52)
|
(43)
|
(45)
|
(41)
|
(36)
|
(38)
|
|
Operating Income |
176
N/A
|
184
+4%
|
211
+15%
|
223
+6%
|
227
+2%
|
244
+7%
|
255
+5%
|
279
+9%
|
256
-8%
|
265
+4%
|
331
+25%
|
383
+16%
|
415
+8%
|
389
-6%
|
344
-12%
|
336
-2%
|
347
+3%
|
364
+5%
|
331
-9%
|
268
-19%
|
255
-5%
|
280
+10%
|
385
+37%
|
529
+38%
|
884
+67%
|
1 265
+43%
|
1 827
+44%
|
2 254
+23%
|
2 332
+3%
|
2 131
-9%
|
1 742
-18%
|
1 360
-22%
|
1 088
-20%
|
986
-9%
|
832
-16%
|
665
-20%
|
469
-30%
|
364
-22%
|
306
-16%
|
346
+13%
|
354
+2%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(13)
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(163)
|
(164)
|
|
Pre-Tax Income |
176
N/A
|
184
+4%
|
212
+15%
|
223
+5%
|
227
+2%
|
244
+7%
|
255
+5%
|
279
+9%
|
256
-8%
|
266
+4%
|
331
+25%
|
383
+16%
|
415
+8%
|
389
-6%
|
344
-12%
|
336
-2%
|
347
+3%
|
364
+5%
|
331
-9%
|
268
-19%
|
255
-5%
|
280
+10%
|
384
+37%
|
529
+38%
|
884
+67%
|
1 265
+43%
|
1 827
+44%
|
2 241
+23%
|
2 332
+4%
|
2 131
-9%
|
1 742
-18%
|
1 359
-22%
|
1 088
-20%
|
986
-9%
|
832
-16%
|
665
-20%
|
469
-30%
|
364
-22%
|
306
-16%
|
184
-40%
|
189
+3%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(15)
|
(20)
|
(24)
|
(27)
|
(27)
|
(29)
|
(31)
|
(32)
|
(29)
|
(31)
|
(39)
|
(46)
|
(50)
|
(47)
|
(42)
|
(38)
|
(37)
|
(36)
|
(30)
|
(23)
|
(31)
|
(52)
|
(91)
|
(137)
|
(231)
|
(332)
|
(480)
|
(594)
|
(614)
|
(562)
|
(459)
|
(356)
|
(287)
|
(261)
|
(221)
|
(190)
|
(137)
|
(103)
|
(87)
|
(39)
|
(36)
|
|
Income from Continuing Operations |
160
|
164
|
188
|
196
|
200
|
215
|
225
|
248
|
227
|
235
|
292
|
337
|
365
|
341
|
301
|
298
|
310
|
328
|
302
|
244
|
224
|
228
|
293
|
393
|
653
|
933
|
1 347
|
1 647
|
1 718
|
1 569
|
1 283
|
1 004
|
800
|
725
|
611
|
476
|
332
|
261
|
219
|
145
|
154
|
|
Income to Minority Interest |
(93)
|
(134)
|
(153)
|
(160)
|
(162)
|
(174)
|
(181)
|
(200)
|
(184)
|
(190)
|
(236)
|
(271)
|
(293)
|
(274)
|
(240)
|
(211)
|
(218)
|
(228)
|
(204)
|
(157)
|
(107)
|
(56)
|
(14)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Net Income (Common) |
(33)
N/A
|
29
N/A
|
35
+18%
|
37
+7%
|
38
+3%
|
41
+8%
|
43
+5%
|
47
+9%
|
43
-8%
|
45
+4%
|
56
+24%
|
66
+18%
|
72
+9%
|
68
-6%
|
61
-10%
|
101
+65%
|
107
+6%
|
114
+7%
|
111
-2%
|
88
-21%
|
117
+34%
|
172
+47%
|
279
+62%
|
393
+41%
|
653
+66%
|
933
+43%
|
1 347
+44%
|
1 647
+22%
|
1 718
+4%
|
1 569
-9%
|
1 283
-18%
|
1 004
-22%
|
800
-20%
|
725
-9%
|
611
-16%
|
476
-22%
|
332
-30%
|
261
-21%
|
219
-16%
|
145
-34%
|
154
+6%
|
|
EPS (Diluted) |
-0.43
N/A
|
0.38
N/A
|
0.45
+18%
|
0.49
+9%
|
0.51
+4%
|
0.55
+8%
|
0.58
+5%
|
0.62
+7%
|
0.56
-10%
|
0.59
+5%
|
0.73
+24%
|
0.86
+18%
|
0.93
+8%
|
0.87
-6%
|
0.78
-10%
|
4.03
+417%
|
1.33
-67%
|
1.44
+8%
|
1.4
-3%
|
2.48
+77%
|
1.47
-41%
|
2.16
+47%
|
3.47
+61%
|
4.89
+41%
|
7.96
+63%
|
11.6
+46%
|
17.69
+53%
|
20.92
+18%
|
23.49
+12%
|
22.6
-4%
|
19.53
-14%
|
14.87
-24%
|
13.53
-9%
|
12.81
-5%
|
11.1
-13%
|
8.5
-23%
|
6.22
-27%
|
4.99
-20%
|
4.16
-17%
|
2.74
-34%
|
2.88
+5%
|