Value202020212022202320242025TTMSelling/general/admin expenses237.96 M336.67 M322.31 M248.89 M230.38 M282.95 M282.95 MResearch & development———————Operating income-1.47 B-1.76 B-1.32 B-1.24 B-1.19 B-1.49 B-1.49 BNon-Operating Income, Total1.04 M1.99 M2.51 M1.54 M864 K3.46 M3.46 MInterest expense, net of interest capitalized271.55 M390.7 M335.43 M637.78 M819.35 M960.55 M960.55 MNon-Operating Income, excl. Interest Expenses-270.51 M-388.71 M-332.92 M-636.23 M-818.48 M-957.09 M-957.09 MUnusual income/expense———————Pretax income2.24 B1.36 B665.25 M183.63 M401.03 M551.42 M551.42 MEquity in earnings———————Taxes593.73 M355.69 M189.74 M38.98 M89.6 M50.34 M50.34 MNon-controlling/minority interest156.75 M——————After tax other income/expense———————Net income before discontinued operations1.65 B1 B475.51 M144.66 M311.42 M501.08 M501.08 MDiscontinued operations———————Net income1.65 B1 B475.51 M144.66 M311.42 M501.08 M501.08 MDilution adjustment———————Preferred dividends———————Diluted net income available to common stockholders1.65 B1 B475.51 M144.66 M311.42 M501.08 M501.08 MBasic earnings per share (Basic EPS)21.9115.738.962.896.119.699.69Diluted earnings per share (Diluted EPS)20.9214.878.52.745.849.39.3Average basic shares outstanding75.16 M63.8 M53.06 M49.98 M50.99 M51.73 M206.63 MDiluted shares outstanding78.73 M67.47 M55.95 M52.73 M53.36 M53.88 M215.02 MEBITDA———————EBIT———————Cost of revenue———————Other cost of goods sold———————Depreciation & amortization (cash flow)25.57 M28.64 M34.41 M53.21 M55.98 M54.39 M54.39 M
PennyMac Financial Services Inc
PennyMac Financial Services, Inc. is an American residential mortgage company headquartered in Westlake Village, California. The company's business focuses on the production and servicing of U.S. mortgage loans and the management of investments related to the U.S. mortgage market. Pennymac operates through two subsidiaries: PennyMac Loan Services, LLC and PNMAC Capital Management, LLC. The latter manages the PennyMac Mortgage Investment Trust, a mortgage REIT.
Pennymac was the third largest mortgage lender, the sixth largest mortgage servicer, and largest aggregator of residential mortgage loans in the U.S. in 2019. The company conducts its business through a consumer-direct model, which relies on the Internet and call center-based staff to acquire and interact with customers across the country. Although its name resembles government-sponsored enterprises like Freddie Mac and Farmer Mac, it has always been a private-sector entity.