MBIA, Inc. (MBI) financial statements (2021 and earlier)

Company profile

Business Address 1 MANHATTANVILLE ROAD
PURCHASE, NY 10577
State of Incorp. CT
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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments16783280146187522782
Cash and cash equivalents16783280146187522782
Disposal group, including discontinued operation    555  
Assets held-for-sale802
Total current assets:167832801467425221,584
Noncurrent Assets
Operating lease, right-of-use asset 21
Total noncurrent assets: 21     
Other undisclosed assets5,5847,1807,7968,94910,39514,33314,700
TOTAL ASSETS:5,7517,2848,0769,09511,13714,85516,284
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Long-term debt and lease obligation 2,2492,2492,1211,9861,9081,810
Long-term debt, excluding current maturities 2,2282,2492,1211,9861,9081,810
Operating lease, liability 21
Total noncurrent liabilities: 2,2492,2492,1211,9861,9081,810
Other undisclosed liabilities5,6024,1964,6955,5495,9129,20610,524
Total liabilities:5,6026,4456,9447,6707,89811,11412,334
Stockholders' equity
Stockholders' equity attributable to parent, including:1368261,1191,4133,2273,7293,929
Common stock283283284284284282281
Treasury stock, value(3,211)(3,061)(3,000)(3,118)(2,789)(2,668)(2,359)
Additional paid in capital2,9622,9993,0253,1713,1603,1383,128
Accumulated other comprehensive income (loss)115(2)(156)(19)(128)(61)21
Retained earnings (accumulated deficit)(13)6079661,0952,7003,0382,858
Warrants and rights outstanding      28
Other undisclosed stockholders' equity attributable to parent      (28)
Other undisclosed stockholders' equity13131312121221
Total stockholders' equity:1498391,1321,4253,2393,7413,950
TOTAL LIABILITIES AND EQUITY:5,7517,2848,0769,09511,13714,85516,284

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues2822801624332948531,270
Financial services revenue2013003721,013
Other income   31(282) 
Cost of revenue  (63)(683)(220)(123)(133)
Policyholder benefits and claims incurred, net  (63)
Financial services costs(683)(220)(123)(133)
Gross profit:28228099(250)747301,137
Operating expenses   (125)  (244)
Operating income (loss):28228099(375)74730893
Nonoperating income (expense)
(Investment Income, Nonoperating)
   (117)  444
Interest and debt expense(178)(1)(206)(169)(197)(199)(207)
Income (loss) from continuing operations before equity method investments, income taxes:104279(107)(661)(123)5311,130
Other undisclosed loss from continuing operations before income taxes(682)(636)(189) (216)(242)(489)
Income (loss) from continuing operations before income taxes:(578)(357)(296)(661)(339)289641
Income tax expense (benefit) (2) (944)1(109)(72)
Net income (loss) attributable to parent:(578)(359)(296)(1,605)(338)180569
Other undisclosed net loss available to common stockholders, basic     (6)(16)
Net income (loss) available to common stockholders, basic:(578)(359)(296)(1,605)(338)174553
Other undisclosed net loss available to common stockholders, diluted      (27)
Net income (loss) available to common stockholders, diluted:(578)(359)(296)(1,605)(338)174526

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):(578)(359)(296)(1,605)(338)180569
Other comprehensive income (loss)   (21)(1)14 
Comprehensive income (loss):(578)(359)(296)(1,626)(339)194569
Other undisclosed comprehensive income (loss), net of tax, attributable to parent11715430130(66)(96)107
Comprehensive income (loss), net of tax, attributable to parent:(461)(205)(266)(1,496)(405)98676

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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