$MTG
MGIC INVESTMENT CORP

2010 Q4 Form 10-K Financial Statement

#000114036112011856 Filed on February 29, 2012

View on sec.gov

Income Statement

Concept 2010 Q4 2010 Q3 2010 Q2
Revenue $364.7M $382.3M $406.4M
YoY Change -11.35% -7.5% -12.39%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $19.20M $17.50M $17.00M
YoY Change 27.15% 1.74% 1.8%
% of Gross Profit
Operating Expenses $483.6M $433.3M $363.5M
YoY Change -47.58% -57.13% -52.73%
Operating Profit
YoY Change
Interest Expense -$25.80M -$26.70M -$25.10M
YoY Change 24.04% 29.61% 5.02%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$148.3M -$77.70M $17.70M
YoY Change -72.42% -87.43% -105.23%
Income Tax $38.30M -$26.10M -$6.800M
% Of Pretax Income -38.42%
Net Earnings -$186.7M -$51.50M $24.60M
YoY Change -33.36% -90.05% -107.24%
Net Earnings / Revenue -51.18% -13.47% 6.05%
Basic Earnings Per Share -$0.93 -$0.26 $0.14
Diluted Earnings Per Share -$0.93 -$0.26 $0.13
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2010 Q4 2010 Q3 2010 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $1.304B $2.166B $2.396B
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 $29.00M $28.00M $28.00M
YoY Change -3.33% -3.45% -6.67%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $7.458B $7.123B $7.086B
YoY Change 2.81% -9.32% -5.24%
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $9.334B $9.987B $10.19B
YoY Change -0.74% 5.34% 10.44%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt $1.037B $1.031B $1.025B
YoY Change 55.01% 53.65% 44.77%
Other Long-Term Liabilities $349.0M $398.0M $380.0M
YoY Change 37.4% 22.46% 65.22%
Total Long-Term Liabilities $1.386B $1.429B $1.405B
YoY Change 50.16% 43.47% 49.79%
TOTAL LIABILITIES
Total Short-Term Liabilities
Total Long-Term Liabilities $1.386B $1.429B $1.405B
Total Liabilities $7.665B $8.003B $8.212B
YoY Change -5.39% 2.18% 13.98%
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 $1.669B $1.983B $1.973B
YoY Change
Total Liabilities & Shareholders Equity $9.334B $9.987B $10.19B
YoY Change -0.74% 5.34% 10.44%

Cashflow Statement

Concept 2010 Q4 2010 Q3 2010 Q2
OPERATING ACTIVITIES
Net Income -$186.7M -$51.50M $24.60M
YoY Change -33.36% -90.05% -107.24%
Depreciation, Depletion And Amortization $19.20M $17.50M $17.00M
YoY Change 27.15% 1.74% 1.8%
Cash From Operating Activities -$422.0M -$269.6M $13.20M
YoY Change 383.94% 1989.92% 3200.0%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$438.9M $40.10M $457.5M
YoY Change -207.05% -144.65% 1563.64%
Cash From Investing Activities -$438.9M $40.10M $457.5M
YoY Change -207.05% -144.65% 1563.64%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.000M -100.0K 1.107B
YoY Change -85.07% -99.72% -576.25%
NET CHANGE
Cash From Operating Activities -422.0M -269.6M 13.20M
Cash From Investing Activities -438.9M 40.10M 457.5M
Cash From Financing Activities -1.000M -100.0K 1.107B
Net Change In Cash -861.9M -229.6M 1.578B
YoY Change -372.67% 65.66% -871.39%
FREE CASH FLOW
Cash From Operating Activities -$422.0M -$269.6M $13.20M
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2008Q4 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Net
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNet
4542564000
CY2011Q4 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Net
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNet
4402905000
CY2010Q4 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Net
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNet
5608881000
CY2009Q4 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Net
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNet
6372763000
CY2011 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Incurred Claims Prior Years
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaimsPriorYears
-99328000
CY2010 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Incurred Claims
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims
1607541000
CY2009 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Incurred Claims
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims
3379444000
CY2010 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Incurred Claims Prior Years
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaimsPriorYears
-266908000
CY2010 mtg Reinsurance Terminations
ReinsuranceTerminations
-37680000
CY2007Q4 mtg Amount Of Irs Assessment
AmountOfIRSAssessment
190700000
CY2011 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-2.42
CY2010 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-2.06
CY2010Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.20
CY2010Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.14
CY2010Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.26
CY2010Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.93
CY2011Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.17
CY2011Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.75
CY2011Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.82
CY2011Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.67
CY2011 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-2.42
CY2010 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-2.06
CY2010Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.20
CY2010Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.13
CY2010Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.26
CY2010Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.93
CY2011Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.17
CY2011Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.75
CY2011Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.82
CY2011Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.67
CY2010Q4 us-gaap Incurred Claims Property Casualty And Liability
IncurredClaimsPropertyCasualtyAndLiability
448375000
CY2011 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Incurred Claims
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims
1714707000
CY2009 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Incurred Claims Prior Years
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaimsPriorYears
466765000
CY2010Q4 us-gaap Interest Expense Debt
InterestExpenseDebt
25770000
CY2010Q4 us-gaap Net Income Loss
NetIncomeLoss
-186667000
CY2010Q4 us-gaap Premiums Earned Net Property And Casualty
PremiumsEarnedNetPropertyAndCasualty
291125000
CY2010Q4 us-gaap Premiums Written Net Property And Casualty
PremiumsWrittenNetPropertyAndCasualty
271409000
CY2011Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
9059000
CY2011 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Claims Paid
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaid
2920683000
CY2010 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Claims Paid
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaid
2279423000
CY2009 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Claims Paid
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaid
1549245000
CY2010Q4 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Opening Balance Adjustments
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseOpeningBalanceAdjustments
0
CY2009Q4 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Opening Balance Adjustments
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseOpeningBalanceAdjustments
-92000000
CY2008Q4 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Opening Balance Adjustments
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseOpeningBalanceAdjustments
0
CY2010Q4 us-gaap Other Assets Fair Value Disclosure
OtherAssetsFairValueDisclosure
6220000
CY2011Q4 us-gaap Other Assets Fair Value Disclosure
OtherAssetsFairValueDisclosure
1621000
CY2010Q4 us-gaap Available For Sale Securities Gross Unrealized Losses1
AvailableForSaleSecuritiesGrossUnrealizedLosses1
73563000
CY2011Q4 us-gaap Available For Sale Securities Gross Unrealized Losses1
AvailableForSaleSecuritiesGrossUnrealizedLosses1
14586000
CY2010Q4 mtg Increase Decrease In Premium Deficiency Reserves
IncreaseDecreaseInPremiumDeficiencyReserves
18275000
CY2011 mtg Change In Premium Deficiency Reserve To Reflect Change In Assumptions Relating To Future Premiums Losses Expenses And Discount Rate1
ChangeInPremiumDeficiencyReserveToReflectChangeInAssumptionsRelatingToFuturePremiumsLossesExpensesAndDiscountRate1
87000000
CY2010 mtg Change In Premium Deficiency Reserve To Reflect Change In Assumptions Relating To Future Premiums Losses Expenses And Discount Rate1
ChangeInPremiumDeficiencyReserveToReflectChangeInAssumptionsRelatingToFuturePremiumsLossesExpensesAndDiscountRate1
203000000
CY2009 mtg Change In Premium Deficiency Reserve To Reflect Change In Assumptions Relating To Future Premiums Losses Expenses And Discount Rate1
ChangeInPremiumDeficiencyReserveToReflectChangeInAssumptionsRelatingToFuturePremiumsLossesExpensesAndDiscountRate1
172000000
CY2011Q4 mtg Adjustment To Premium Deficiency Reserve
AdjustmentToPremiumDeficiencyReserve
0
CY2010Q4 mtg Adjustment To Premium Deficiency Reserve
AdjustmentToPremiumDeficiencyReserve
-37000000
CY2009Q4 mtg Adjustment To Premium Deficiency Reserve
AdjustmentToPremiumDeficiencyReserve
0
CY2011 mtg Reinsurance Terminations
ReinsuranceTerminations
-38769000
CY2009 mtg Reinsurance Terminations
ReinsuranceTerminations
-118914000
CY2010Q4 mtg Underwriting And Other Operating Expenses
UnderwritingAndOtherOperatingExpenses
53541000

Files In Submission

Name View Source Status
0001140361-12-011856-index-headers.html Edgar Link pending
0001140361-12-011856-index.html Edgar Link pending
0001140361-12-011856.txt Edgar Link pending
0001140361-12-011856-xbrl.zip Edgar Link pending
ex10_12.htm Edgar Link pending
ex10_218.htm Edgar Link pending
ex10_219.htm Edgar Link pending
ex10_6.htm Edgar Link pending
ex21.htm Edgar Link pending
ex23.htm Edgar Link pending
ex31_1.htm Edgar Link pending
ex31_2.htm Edgar Link pending
ex32.htm Edgar Link pending
ex99_6.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
form10k.htm Edgar Link pending
image1.jpg Edgar Link pending
image2.jpg Edgar Link pending
mtg-20111231.xml Edgar Link completed
mtg-20111231.xsd Edgar Link pending
mtg-20111231_cal.xml Edgar Link unprocessable
mtg-20111231_def.xml Edgar Link unprocessable
mtg-20111231_lab.xml Edgar Link unprocessable
mtg-20111231_pre.xml Edgar Link unprocessable
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R60.htm Edgar Link pending
R61.htm Edgar Link pending
R62.htm Edgar Link pending
R63.htm Edgar Link pending
R64.htm Edgar Link pending
R65.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending