$ACT
Enact Holdings, Inc.

2023 Q3 Form 10-Q Financial Statement

#000182352923000158 Filed on August 04, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2
Revenue $299.0M $277.5M
YoY Change 8.71% 1.46%
Cost Of Revenue $17.85M -$4.070M
YoY Change -144.28% -93.39%
Gross Profit $281.2M $281.6M
YoY Change -10.84% -15.97%
Gross Profit Margin 94.03% 101.47%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $73.00M $50.46M
YoY Change 315.91% -38328.79%
Operating Profit $208.2M $231.1M
YoY Change -30.1% -31.05%
Interest Expense $12.94M -$12.91M
YoY Change 0.48% -200.99%
% of Operating Profit 6.22% -5.59%
Other Income/Expense, Net
YoY Change
Pretax Income $213.1M $214.1M
YoY Change -12.89% -17.92%
Income Tax $48.91M $46.13M
% Of Pretax Income 22.95% 21.54%
Net Earnings $164.2M $168.0M
YoY Change -14.03% -17.93%
Net Earnings / Revenue 54.91% 60.54%
Basic Earnings Per Share $1.03 $1.04
Diluted Earnings Per Share $1.02 $1.04
COMMON SHARES
Basic Shares Outstanding 160.0M shares 161.6M shares
Diluted Shares Outstanding 161.1M shares 162.2M shares

Balance Sheet

Concept 2023 Q3 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $678.0M $691.4M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $5.009B $4.926B
YoY Change 2.63% 0.34%
Other Assets $119.7M $80.36M
YoY Change -11.43% -18.57%
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $6.001B $5.924B
YoY Change 4.86% 2.84%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt $744.8M $744.1M
YoY Change 0.35% 0.34%
Other Long-Term Liabilities $136.1M $139.1M
YoY Change -3.07% -10.06%
Total Long-Term Liabilities $880.9M $883.2M
YoY Change -0.2% -1.46%
TOTAL LIABILITIES
Total Short-Term Liabilities
Total Long-Term Liabilities $880.9M $883.2M
Total Liabilities $1.543B $1.548B
YoY Change -3.88% -7.86%
SHAREHOLDERS EQUITY
Retained Earnings $2.533B $2.395B
YoY Change 17.13% 20.06%
Common Stock $1.600M $1.602M
YoY Change -1.72% -1.6%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $4.457B $4.376B
YoY Change
Total Liabilities & Shareholders Equity $6.001B $5.924B
YoY Change 4.86% 2.84%

Cashflow Statement

Concept 2023 Q3 2023 Q2
OPERATING ACTIVITIES
Net Income $164.2M $168.0M
YoY Change -14.03% -17.93%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities $154.8M $167.8M
YoY Change 54.3% 19.09%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$136.3M -$31.11M
YoY Change 8.43% -221.21%
Cash From Investing Activities -$136.3M -$31.11M
YoY Change 8.43% -221.21%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -31.90M -66.94M
YoY Change 39.92% 193.61%
NET CHANGE
Cash From Operating Activities 154.8M 167.8M
Cash From Investing Activities -136.3M -31.11M
Cash From Financing Activities -31.90M -66.94M
Net Change In Cash -13.40M 69.80M
YoY Change -72.18% -51.47%
FREE CASH FLOW
Cash From Operating Activities $154.8M $167.8M
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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CY2022Q4 us-gaap Common Stock Shares Issued
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CY2023Q2 us-gaap Ceded Premiums Written
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CY2023Q2 us-gaap Direct Premiums Earned
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CY2023Q2 us-gaap Assumed Premiums Earned
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CY2023Q2 us-gaap Ceded Premiums Earned
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CY2023Q2 us-gaap Premiums Written Net
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CY2023Q2 act Reinsurance Percentage Of Premiums Ceded
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CY2023Q2 act Reinsurance Percentage Of Ceding Commission
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2023Q2 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
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CY2023Q2 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
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