2018 Form 10-K Financial Statement
#000119312521063676 Filed on March 01, 2021
Income Statement
| Concept | 2018 |
|---|---|
| Revenue | $162.0M |
| YoY Change | -62.59% |
| Cost Of Revenue | $63.00M |
| YoY Change | -90.78% |
| Gross Profit | $99.00M |
| YoY Change | -139.6% |
| Gross Profit Margin | 61.11% |
| Selling, General & Admin | $91.00M |
| YoY Change | -29.46% |
| % of Gross Profit | 91.92% |
| Research & Development | |
| YoY Change | |
| % of Gross Profit | |
| Depreciation & Amortization | |
| YoY Change | |
| % of Gross Profit | |
| Operating Expenses | $91.00M |
| YoY Change | -29.46% |
| Operating Profit | $8.000M |
| YoY Change | -102.11% |
| Interest Expense | $206.0M |
| YoY Change | 4.57% |
| % of Operating Profit | 2575.0% |
| Other Income/Expense, Net | |
| YoY Change | |
| Pretax Income | -$296.0M |
| YoY Change | -55.22% |
| Income Tax | $0.00 |
| % Of Pretax Income | |
| Net Earnings | -$296.0M |
| YoY Change | -81.56% |
| Net Earnings / Revenue | -182.72% |
| Basic Earnings Per Share | -$3.33 |
| Diluted Earnings Per Share | -$3.33 |
| COMMON SHARES | |
| Basic Shares Outstanding | 89.00M |
| Diluted Shares Outstanding | 89.01M shares |
Balance Sheet
| Concept | 2018 |
|---|---|
| SHORT-TERM ASSETS | |
| Cash & Short-Term Investments | |
| YoY Change | |
| Cash & Equivalents | $222.0M |
| 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 | $5.709B |
| YoY Change | -26.93% |
| Other Assets | |
| YoY Change | |
| Total Long-Term Assets | |
| YoY Change | |
| TOTAL ASSETS | |
| Total Short-Term Assets | |
| Total Long-Term Assets | |
| Total Assets | $8.107B |
| YoY Change | -10.86% |
| SHORT-TERM LIABILITIES | |
| YoY Change | |
| Accounts Payable | |
| YoY Change | |
| Accrued Expenses | |
| YoY Change | |
| Deferred Revenue | |
| YoY Change | |
| Short-Term Debt | $0.00 |
| YoY Change | |
| Long-Term Debt Due | |
| YoY Change | |
| Total Short-Term Liabilities | |
| YoY Change | |
| LONG-TERM LIABILITIES | |
| Long-Term Debt | $5.013B |
| YoY Change | -8.95% |
| Other Long-Term Liabilities | $410.0M |
| YoY Change | -5.31% |
| Total Long-Term Liabilities | $5.423B |
| YoY Change | -8.69% |
| TOTAL LIABILITIES | |
| Total Short-Term Liabilities | |
| Total Long-Term Liabilities | $5.423B |
| Total Liabilities | $6.975B |
| YoY Change | -9.06% |
| SHAREHOLDERS EQUITY | |
| Retained Earnings | |
| YoY Change | |
| Common Stock | |
| YoY Change | |
| Preferred Stock | |
| YoY Change | |
| Treasury Stock (at cost) | |
| YoY Change | |
| Treasury Stock Shares | |
| Shareholders Equity | $1.132B |
| YoY Change | |
| Total Liabilities & Shareholders Equity | $8.107B |
| YoY Change | -10.86% |
Cashflow Statement
| Concept | 2018 |
|---|---|
| OPERATING ACTIVITIES | |
| Net Income | -$296.0M |
| YoY Change | -81.56% |
| Depreciation, Depletion And Amortization | |
| YoY Change | |
| Cash From Operating Activities | -$319.0M |
| YoY Change | -51.07% |
| INVESTING ACTIVITIES | |
| Capital Expenditures | $1.000M |
| YoY Change | 0.0% |
| Acquisitions | |
| YoY Change | |
| Other Investing Activities | $0.00 |
| YoY Change | -100.0% |
| Cash From Investing Activities | $1.206B |
| YoY Change | 0.33% |
| FINANCING ACTIVITIES | |
| Cash Dividend Paid | |
| YoY Change | |
| Common Stock Issuance & Retirement, Net | $44.00M |
| YoY Change | -86.67% |
| Debt Paid & Issued, Net | |
| YoY Change | |
| Cash From Financing Activities | -$752.0M |
| YoY Change | 27.67% |
| NET CHANGE | |
| Cash From Operating Activities | -$319.0M |
| Cash From Investing Activities | $1.206B |
| Cash From Financing Activities | -$752.0M |
| Net Change In Cash | $135.0M |
| YoY Change | -446.15% |
| FREE CASH FLOW | |
| Cash From Operating Activities | -$319.0M |
| Capital Expenditures | $1.000M |
| Free Cash Flow | -$320.0M |
| YoY Change | -51.0% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2020Q4 | us-gaap |
Schedule Of Insured Financial Obligations With Credit Deterioration Reductions Of Gross Claim Liability Net Discount
ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityNetDiscount
|
173000000 | |
| CY2019Q4 | us-gaap |
Schedule Of Insured Financial Obligations With Credit Deterioration Insured Contractual Payments Outstanding Principal
ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingPrincipal
|
5588000000 | |
| CY2020Q4 | us-gaap |
Reinsurance Recoverables On Paid And Unpaid Losses
ReinsuranceRecoverablesOnPaidAndUnpaidLosses
|
11000000 | |
| CY2019Q4 | us-gaap |
Schedule Of Insured Financial Obligations With Credit Deterioration Number Of Contracts Issued And Outstanding
ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNumberOfContractsIssuedAndOutstanding
|
112 | |
| CY2020Q4 | us-gaap |
Operating Lease Liability Statement Of Financial Position Extensible List
OperatingLeaseLiabilityStatementOfFinancialPositionExtensibleList
|
us-gaap:OperatingLeaseLiability | |
| CY2018 | mbi |
Premiums Written Financial Guarantee Insurance Contracts Percentage Of Amount Assumed To Net
PremiumsWrittenFinancialGuaranteeInsuranceContractsPercentageOfAmountAssumedToNet
|
0 | |
| CY2020 | us-gaap |
Financial Guarantee Insurance Contracts Premiums Receivable Accretion Of Discount On Premium Receivable
FinancialGuaranteeInsuranceContractsPremiumsReceivableAccretionOfDiscountOnPremiumReceivable
|
6000000 | |
| CY2020 | us-gaap |
Financial Guarantee Insurance Contracts Premiums Receivable Adjustment Other Adjustments
FinancialGuaranteeInsuranceContractsPremiumsReceivableAdjustmentOtherAdjustments
|
8000000 | |
| CY2019 | us-gaap |
Financial Guarantee Insurance Contracts Premiums Receivable Accretion Of Discount On Premium Receivable
FinancialGuaranteeInsuranceContractsPremiumsReceivableAccretionOfDiscountOnPremiumReceivable
|
7000000 | |
| CY2019 | us-gaap |
Financial Guarantee Insurance Contracts Premiums Receivable Adjustment Other Adjustments
FinancialGuaranteeInsuranceContractsPremiumsReceivableAdjustmentOtherAdjustments
|
7000000 | |
| CY2020Q4 | us-gaap |
Schedule Of Insured Financial Obligations With Credit Deterioration Number Of Contracts Issued And Outstanding
ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNumberOfContractsIssuedAndOutstanding
|
119 | |
| CY2020Q4 | us-gaap |
Schedule Of Insured Financial Obligations With Credit Deterioration Insured Contractual Payments Outstanding Principal
ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingPrincipal
|
4847000000 | |
| CY2020Q4 | us-gaap |
Schedule Of Insured Financial Obligations With Credit Deterioration Insured Contractual Payments Outstanding Interest
ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingInterest
|
3469000000 | |
| CY2020Q4 | us-gaap |
Schedule Of Insured Financial Obligations With Credit Deterioration Gross Claim Liability
ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationGrossClaimLiability
|
1088000000 | |
| CY2020Q4 | us-gaap |
Schedule Of Insured Financial Obligations With Credit Deterioration Reductions Of Gross Claim Liability Gross Potential Recoveries
ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityGrossPotentialRecoveries
|
1947000000 | |
| CY2019Q4 | us-gaap |
Schedule Of Insured Financial Obligations With Credit Deterioration Insured Contractual Payments Outstanding Interest
ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingInterest
|
3885000000 | |
| CY2019Q4 | us-gaap |
Schedule Of Insured Financial Obligations With Credit Deterioration Gross Claim Liability
ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationGrossClaimLiability
|
965000000 | |
| CY2019Q4 | us-gaap |
Schedule Of Insured Financial Obligations With Credit Deterioration Reductions Of Gross Claim Liability Gross Potential Recoveries
ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityGrossPotentialRecoveries
|
2184000000 | |
| CY2019Q4 | us-gaap |
Schedule Of Insured Financial Obligations With Credit Deterioration Reductions Of Gross Claim Liability Net Discount
ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityNetDiscount
|
453000000 | |
| CY2019Q4 | us-gaap |
Reinsurance Recoverables On Paid And Unpaid Losses
ReinsuranceRecoverablesOnPaidAndUnpaidLosses
|
19000000 | |
| CY2020 | mbi |
Revenue From Customers
RevenueFromCustomers
|
151000000 | |
| CY2020 | mbi |
Revenue From Transactions With Other Operating Segments Of Same Entity
RevenueFromTransactionsWithOtherOperatingSegmentsOfSameEntity
|
0 | |
| CY2020 | mbi |
Expense From Transactions With Other Operating Segments Of Same Entity
ExpenseFromTransactionsWithOtherOperatingSegmentsOfSameEntity
|
0 | |
| CY2019 | mbi |
Revenue From Customers
RevenueFromCustomers
|
200000000 | |
| CY2019 | mbi |
Revenue From Transactions With Other Operating Segments Of Same Entity
RevenueFromTransactionsWithOtherOperatingSegmentsOfSameEntity
|
0 | |
| CY2019 | mbi |
Expense From Transactions With Other Operating Segments Of Same Entity
ExpenseFromTransactionsWithOtherOperatingSegmentsOfSameEntity
|
0 | |
| CY2018 | mbi |
Revenue From Customers
RevenueFromCustomers
|
317000000 | |
| CY2018 | mbi |
Revenue From Transactions With Other Operating Segments Of Same Entity
RevenueFromTransactionsWithOtherOperatingSegmentsOfSameEntity
|
0 | |
| CY2018 | mbi |
Expense From Transactions With Other Operating Segments Of Same Entity
ExpenseFromTransactionsWithOtherOperatingSegmentsOfSameEntity
|
0 | |
| CY2020Q4 | us-gaap |
Reinsurance Payable
ReinsurancePayable
|
38000000 | |
| CY2020 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
59100000 | |
| CY2019 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
81000000.0 | |
| CY2018 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
89000000.0 |
