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
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments677493    
Cash and cash equivalents2463    
Short-term investments653430    
Receivables1147    
Total current assets:688540    
Noncurrent Assets
Operating lease, right-of-use asset25
Long-term investments and receivables4640353025 
Long-term investments4640353025 
Intangible assets, net (including goodwill)427719    
Intangible assets, net (excluding goodwill)427719    
Total noncurrent assets:498759353025 
Other undisclosed assets12,13413,289    
TOTAL ASSETS:13,32014,589353025 
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Liabilities, other than long-term debt32     
Deferred income tax liabilities32
Total noncurrent liabilities:32     
Other undisclosed liabilities11,75112,956    
Total liabilities:11,78312,956    
Stockholders' equity
Stockholders' equity attributable to parent1,4771,592    
Common stock 0    
Treasury stock, value (0)    
Additional paid in capital232219    
Accumulated other comprehensive income (loss)42(49)    
Retained earnings1,2031,421    
Stockholders' equity attributable to noncontrolling interest6041    
Other undisclosed stockholders' equity(1)     
Total stockholders' equity:1,5361,633    
Other undisclosed liabilities and equity1     
TOTAL LIABILITIES AND EQUITY:13,32014,589    

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues496511    
Net investment income227273    
Realized investment gains81112    
Other income1345   
Cost of revenue
(Policyholder Benefits and Claims Incurred, Net)
 (2)    
Gross profit:496509    
Operating expenses(417)(235)(2)99378
Operating income (loss):79274(2)99378
Nonoperating income (expense)6(14) (39)  
Investment income, nonoperating(6)(7)    
Foreign currency transaction gain (loss), before tax12(7) (39)  
Interest and debt expense(269)(242)    
Other undisclosed income from continuing operations before equity method investments, income taxes1255    
Income (loss) from continuing operations before income taxes:(183)273(2)95478
Income tax expense(32)(5)    
Income (loss) before gain (loss) on sale of properties:(215)267(2)95478
Other undisclosed net loss(1)     
Net income (loss):(216)267(2)95478
Other undisclosed net loss attributable to parent (82)    
Net income (loss) available to common stockholders, diluted:(216)186(2)95478

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):(216)267(2)95478
Other comprehensive income916    
Comprehensive income (loss):(125)274(2)95478
Other undisclosed comprehensive loss, net of tax, attributable to parent (82)    
Comprehensive income (loss), net of tax, attributable to parent:(125)192(2)95478

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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