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

Company profile

Business Address ONE STATE ST PLZ
NEW YORK, NY 10004
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)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments716493    
Cash and cash equivalents5263    
Short-term investments664430    
Receivables2047    
Total current assets:736540    
Noncurrent Assets
Operating lease, right-of-use asset26
Long-term investments and receivables4440353025 
Long-term investments4440353025 
Intangible assets, net (including goodwill)434719    
Intangible assets, net (excluding goodwill)434719    
Total noncurrent assets:504759353025 
Other undisclosed assets12,21113,289    
TOTAL ASSETS:13,45114,589353025 
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Liabilities, other than long-term debt30     
Deferred income tax liabilities30
Total noncurrent liabilities:30     
Other undisclosed liabilities11,79212,956    
Total liabilities:11,82212,956    
Stockholders' equity
Stockholders' equity attributable to parent1,5691,592    
Common stock00    
Treasury stock, value(0)(0)    
Additional paid in capital229219    
Accumulated other comprehensive income (loss)26(49)    
Retained earnings1,3131,421    
Stockholders' equity attributable to noncontrolling interest6041    
Total stockholders' equity:1,6291,633    
TOTAL LIABILITIES AND EQUITY:13,45114,589    

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

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues916511    
Net investment income186273    
Realized investment gains 112    
Cost of revenue
(Policyholder Benefits and Claims Incurred, Net)
 (2)    
Gross profit:406509    
Operating expenses(374)(235)(2)99378
Operating income (loss):32274(2)99378
Nonoperating expense(4)(14) (39)  
Investment income, nonoperating(4)(7)    
Foreign currency transaction loss, before tax (7) (39)  
Interest and debt expense(202)(242)    
Other undisclosed income from continuing operations before equity method investments, income taxes102255    
Income (loss) from continuing operations before income taxes:(72)273(2)95478
Income tax expense(33)(5)    
Net income (loss):(106)267(2)95478
Other undisclosed net loss attributable to parent (82)    
Net income (loss) available to common stockholders, diluted:(106)186(2)95478

Comprehensive Income ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):(106)267(2)95478
Other comprehensive income756    
Comprehensive income (loss):(30)274(2)95478
Other undisclosed comprehensive loss, net of tax, attributable to parent (82)    
Comprehensive income (loss), net of tax, attributable to parent:(30)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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: