Ambac Financial Group, Inc. (AMBC) financial statements (2020 and earlier)

Company profile

Business Address ONE WORLD TRADE CENTER
NEW YORK, NY 10007
State of Incorp. DE
Fiscal Year End December 31
SIC 6351 - Surety Insurance (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments677716790930493  
Cash and cash equivalents2452182263  
Short-term investments653664772908430  
Receivables1120144347  
Total current assets:688736804973540  
Noncurrent Assets
Operating lease, right-of-use asset252627 
Long-term investments and receivables46444342403937
Long-term investments46444342403937
Intangible assets, net (including goodwill)427434455689719  
Intangible assets, net (excluding goodwill)427434455689719  
Total noncurrent assets:4985045247317593937
Other undisclosed assets12,13412,21113,38513,31913,289  
TOTAL ASSETS:13,32013,45114,71315,02314,5893937
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Liabilities, other than long-term debt323032    
Deferred income tax liabilities323032 
Total noncurrent liabilities:323032    
Other undisclosed liabilities11,75111,79213,12813,35712,956  
Total liabilities:11,78311,82213,16013,35712,956  
Stockholders' equity
Stockholders' equity attributable to parent1,4771,5691,4931,6221,592  
Common stock 0000  
Treasury stock, value (0)(0)(1)(0)  
Additional paid in capital232229227224219  
Accumulated other comprehensive income (loss)42261923(49)  
Retained earnings1,2031,3131,2471,3761,421  
Stockholders' equity attributable to noncontrolling interest6060604441  
Other undisclosed stockholders' equity(1)      
Total stockholders' equity:1,5361,6291,5531,6661,633  
Other undisclosed liabilities and equity1      
TOTAL LIABILITIES AND EQUITY:13,32013,45114,71315,02314,589  

Income statement (P&L) ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Net investment income 458655   
Gross profit:9021689100   
Operating expenses(42)(48)(261)(65)   
Operating income (loss):48169(172)35   
Nonoperating income (expense)10(1)(1)(1)   
Investment income, nonoperating(2)(1)(1)(1)   
Foreign currency transaction gain, before tax12      
Interest and debt expense(67)(67)(67)(68)   
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(103)(31)140(7)   
Income (loss) from continuing operations before income taxes:(111)69(100)(41)   
Income tax expense (benefit)1(3)(28)(2)   
Income (loss) before gain (loss) on sale of properties:(109)66(128)(43)   
Other undisclosed net loss(1)      
Net income (loss) available to common stockholders, diluted:(110)66(128)(43)   

Comprehensive Income ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Net income (loss):(110)66(128)(43)   
Other comprehensive income (loss)167(3)71   
Comprehensive income (loss), net of tax, attributable to parent:(95)73(132)28   

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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