$MTG
MGIC INVESTMENT CORP

2012 Q4 Form 10-K Financial Statement

#000114036113010113 Filed on March 01, 2013

View on sec.gov

Income Statement

Concept 2012 Q4 2012 Q2 2012 Q1
Revenue $21.66M $321.4M $379.7M
YoY Change -95.16% -12.43% 7.53%
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 $22.90M $26.80M $24.70M
YoY Change -6.91% 36.04% 26.02%
% of Gross Profit
Operating Expenses $729.8M $573.0M $373.2M
YoY Change 40.08% 14.01% 3.96%
Operating Profit
YoY Change
Interest Expense -$25.30M -$24.90M -$24.60M
YoY Change 0.8% -5.32% -5.38%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$383.8M -$276.8M -$18.20M
YoY Change 286.9% 70.97% -42.95%
Income Tax $2.900M -$2.900M $1.400M
% Of Pretax Income
Net Earnings -$386.7M -$273.9M -$19.60M
YoY Change 185.8% 80.55% -41.84%
Net Earnings / Revenue -1785.28% -85.22% -5.16%
Basic Earnings Per Share -$1.91 -$1.36 -$0.10
Diluted Earnings Per Share -$1.91 -$1.36 -$0.10
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2012 Q4 2012 Q2 2012 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $1.028B $563.0M $903.0M
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 $27.00M $27.00M $28.00M
YoY Change -3.57% -6.9% -3.45%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $4.230B $5.402B $5.536B
YoY Change -27.37% -19.92% -23.14%
Other Assets $0.00
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $5.574B $6.319B $6.812B
YoY Change -22.75% -23.59% -23.01%
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 $825.0M $806.0M $868.0M
YoY Change -4.07% -19.08% -16.86%
Other Long-Term Liabilities $283.0M $300.0M $335.0M
YoY Change -9.29% -9.64% -5.37%
Total Long-Term Liabilities $1.108B $1.106B $1.203B
YoY Change -5.46% -16.72% -13.95%
TOTAL LIABILITIES
Total Short-Term Liabilities
Total Long-Term Liabilities $1.108B $1.106B $1.203B
Total Liabilities $5.377B $5.451B $5.681B
YoY Change -10.67% -19.33% -21.53%
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 $197.0M $867.0M $1.132B
YoY Change
Total Liabilities & Shareholders Equity $5.574B $6.319B $6.812B
YoY Change -22.75% -23.59% -23.01%

Cashflow Statement

Concept 2012 Q4 2012 Q2 2012 Q1
OPERATING ACTIVITIES
Net Income -$386.7M -$273.9M -$19.60M
YoY Change 185.8% 80.55% -41.84%
Depreciation, Depletion And Amortization $22.90M $26.80M $24.70M
YoY Change -6.91% 36.04% 26.02%
Cash From Operating Activities -$396.1M -$430.5M -$423.6M
YoY Change -15.35% -22.66% 0.64%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities $693.3M $144.2M $330.4M
YoY Change 7.22% -73.02% 44.22%
Cash From Investing Activities $693.3M $144.2M $330.4M
YoY Change 7.22% -73.02% 44.22%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 0.000 -53.10M
YoY Change -100.0% 2.51%
NET CHANGE
Cash From Operating Activities -396.1M -430.5M -423.6M
Cash From Investing Activities 693.3M 144.2M 330.4M
Cash From Financing Activities 0.000 -53.10M
Net Change In Cash 297.2M -339.4M -93.20M
YoY Change 130.03% 359.27% -51.41%
FREE CASH FLOW
Cash From Operating Activities -$396.1M -$430.5M -$423.6M
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2012 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-4.59
CY2011 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-2.42
CY2011 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-2.42
CY2012Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.1
CY2012 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-4.59
CY2012 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Incurred Claims
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims
2067253000
CY2012Q4 us-gaap Available For Sale Securities Gross Unrealized Losses1
AvailableForSaleSecuritiesGrossUnrealizedLosses1
5252000
CY2011Q4 us-gaap Available For Sale Securities Gross Unrealized Losses1
AvailableForSaleSecuritiesGrossUnrealizedLosses1
14586000
CY2012Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.36
CY2012Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.22
CY2011 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Incurred Claims
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims
1714707000
CY2012Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.91
CY2010 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Incurred Claims
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims
1607541000
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
CY2012 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Incurred Claims Prior Years
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaimsPriorYears
573120000
CY2012Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.1
CY2012Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.36
CY2012Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.22
CY2012Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.91
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
CY2012Q4 us-gaap Incurred Claims Property Casualty And Liability
IncurredClaimsPropertyCasualtyAndLiability
688636000
CY2012Q4 us-gaap Interest Expense Debt
InterestExpenseDebt
25327000
CY2012 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Claims Paid
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaid
2518163000
CY2011 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Incurred Claims Prior Years
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaimsPriorYears
-99328000
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
CY2012 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Claims Paid Prior Years
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidPriorYears
2389985000
CY2011 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Claims Paid Prior Years
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidPriorYears
2838069000
CY2010 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Claims Paid Prior Years
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidPriorYears
2256206000
CY2011Q4 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Opening Balance Adjustments
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseOpeningBalanceAdjustments
0
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
CY2010 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Incurred Claims Prior Years
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaimsPriorYears
-266908000
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
CY2012Q4 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Net
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNet
3951995000
CY2012Q4 us-gaap Net Income Loss
NetIncomeLoss
-386691000
CY2012Q4 us-gaap Net Investment Income
NetInvestmentIncome
21660000
CY2012Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
7285000
CY2012Q4 us-gaap Other Assets Fair Value Disclosure
OtherAssetsFairValueDisclosure
3463000
CY2011Q4 us-gaap Other Assets Fair Value Disclosure
OtherAssetsFairValueDisclosure
1621000
CY2012Q4 us-gaap Premiums Earned Net Property And Casualty
PremiumsEarnedNetPropertyAndCasualty
261705000
CY2012Q4 us-gaap Premiums Written Net Property And Casualty
PremiumsWrittenNetPropertyAndCasualty
260736000
CY2012Q4 mtg Increase Decrease In Premium Deficiency Reserves
IncreaseDecreaseInPremiumDeficiencyReserves
10351000
CY2012Q4 mtg Accumulated Other Comprehensive Income Loss Tax Effect
AccumulatedOtherComprehensiveIncomeLossTaxEffect
-50647000
CY2011Q4 mtg Accumulated Other Comprehensive Income Loss Tax Effect
AccumulatedOtherComprehensiveIncomeLossTaxEffect
-49675000
CY2012 mtg Reinsurance Terminations
ReinsuranceTerminations
6331000
CY2011 mtg Reinsurance Terminations
ReinsuranceTerminations
38769000
CY2010 mtg Reinsurance Terminations
ReinsuranceTerminations
37680000
CY2012Q4 mtg Primary Default Inventory Claims Received Inventory
PrimaryDefaultInventoryClaimsReceivedInventory
11731
CY2011Q4 mtg Primary Default Inventory Claims Received Inventory
PrimaryDefaultInventoryClaimsReceivedInventory
12610
CY2010Q4 mtg Primary Default Inventory Claims Received Inventory
PrimaryDefaultInventoryClaimsReceivedInventory
20898
CY2012Q4 mtg Primary Default Inventory Claims Received Inventory Percentage
PrimaryDefaultInventoryClaimsReceivedInventoryPercentage
0.08
CY2011Q4 mtg Primary Default Inventory Claims Received Inventory Percentage
PrimaryDefaultInventoryClaimsReceivedInventoryPercentage
0.07
CY2010Q4 mtg Primary Default Inventory Claims Received Inventory Percentage
PrimaryDefaultInventoryClaimsReceivedInventoryPercentage
0.1
CY2012 mtg Estimated Rescission Reduction Losses Incurred
EstimatedRescissionReductionLossesIncurred
-200000000
CY2011 mtg Estimated Rescission Reduction Losses Incurred
EstimatedRescissionReductionLossesIncurred
0
CY2010 mtg Estimated Rescission Reduction Losses Incurred
EstimatedRescissionReductionLossesIncurred
200000000
CY2012 mtg Change In Premium Deficiency Reserve To Reflect Change In Assumptions Relating To Future Premiums Losses Expenses And Discount Rate1
ChangeInPremiumDeficiencyReserveToReflectChangeInAssumptionsRelatingToFuturePremiumsLossesExpensesAndDiscountRate1
-55000000
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
CY2012Q4 mtg Adjustment To Premium Deficiency Reserve
AdjustmentToPremiumDeficiencyReserve
0
CY2011Q4 mtg Adjustment To Premium Deficiency Reserve
AdjustmentToPremiumDeficiencyReserve
0
CY2010Q4 mtg Adjustment To Premium Deficiency Reserve
AdjustmentToPremiumDeficiencyReserve
-37000000
CY2012Q4 mtg Underwriting And Other Operating Expenses
UnderwritingAndOtherOperatingExpenses
51516000

Files In Submission

Name View Source Status
0001140361-13-010113-index-headers.html Edgar Link pending
0001140361-13-010113-index.html Edgar Link pending
0001140361-13-010113.txt Edgar Link pending
0001140361-13-010113-xbrl.zip Edgar Link pending
ex10_12.htm Edgar Link pending
ex10_13.htm Edgar Link pending
ex10_28.htm Edgar Link pending
ex10_29.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
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
form10k.htm Edgar Link pending
mtg-20121231.xml Edgar Link completed
mtg-20121231.xsd Edgar Link pending
mtg-20121231_cal.xml Edgar Link unprocessable
mtg-20121231_def.xml Edgar Link unprocessable
mtg-20121231_lab.xml Edgar Link unprocessable
mtg-20121231_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
R66.htm Edgar Link pending
R67.htm Edgar Link pending
R68.htm Edgar Link pending
R69.htm Edgar Link pending
R7.htm Edgar Link pending
R70.htm Edgar Link pending
R71.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending