PennyMac Mortgage Investment Trust
S&P 600
Cash Flow
Cash Flow Breakdown
Figures in US$OperatingInvestingFinancing
How to read this: the three bars show where cash moved each year. Operating is cash from the core business (you generally want this positive and growing). Investing is usually negative — money spent on assets or acquisitions. Financing shows money raised from, or returned to, lenders and shareholders. Bars above the line are cash in; bars below are cash out.
Operating Cash Flow vs Capex
Figures in US$Operating Cash FlowCapital Expenditure
How to read this: operating cash flow is the cash the business generated; capital expenditure is what it spent on long-term assets like plant and equipment. The gap between them is roughly free cash flow — the cash left over. A wide gap (operating well above capex) means the business funds its investment comfortably from its own earnings.
| Period | Operating Cash Flow | Investing Cash Flow | Financing Cash Flow |
|---|---|---|---|
| FY2014 | $-366.04M | $27.97M | $387.04M |
| FY2015 | $-863.19M | $11.50M | $833.41M |
| FY2016 | $-621.54M | $193.95M | $403.96M |
| FY2017 | $223.13M | $681.68M | $-861.64M |
| FY2018 | $-573.75M | $-1.42B | $1.98B |
| FY2019 | $-2.99B | $-704.68M | $3.73B |
| FY2020 | $671.66M | $-15.37M | $-702.64M |
| FY2021 | $-2.82B | $1.09B | $1.73B |
| FY2022 | $1.78B | $-1.87B | $135.89M |
| FY2023 | $1.34B | $-21.73M | $-1.15B |
| FY2024 | $-2.70B | $1.36B | $1.40B |
| FY2025 | $-7.21B | $429.67M | $6.72B |
Figures in USD. Educational data only.
Understanding these terms
Plain-English explanations of each figure in the table above, and what a beginner typically looks at. These are educational descriptions only, not advice.
- Operating Cash Flow
- Cash produced by the company's core operations during the period. The US equivalent of "Cash from Operating Activity".How a beginner reads it: A beginner uses this as a reality check on profit, since it reflects cash actually collected. Healthy, consistent operating cash flow underpins a company's ability to invest and repay debt.
- Investing Cash Flow
- Cash used for or generated by buying and selling long-term assets and investments. The US equivalent of "Cash from Investing Activity".How a beginner reads it: A beginner expects this to be negative for companies investing in growth. Reading it next to operating cash flow shows whether the business funds its investments from its own earnings.
- Financing Cash Flow
- Cash flows with lenders and shareholders — borrowing, repaying, issuing shares, buybacks, and dividends. The US equivalent of "Cash from Financing Activity".How a beginner reads it: A beginner reads this to understand whether the company is taking in money (borrowing/issuing) or paying it out (repaying/dividends), and how that fits the operating picture.