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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments832801461875227821,258
Cash and cash equivalents832801461875227821,258
Disposal group, including discontinued operation   555   
Assets held-for-sale802 
Total current assets:832801467425221,5841,258
Noncurrent Assets
Operating lease, right-of-use asset21
Total noncurrent assets:21      
Other undisclosed assets7,1807,7968,94910,39514,33314,70015,695
TOTAL ASSETS:7,2848,0769,09511,13714,85516,28416,953
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Long-term debt and lease obligation2,2492,2492,1211,9861,9081,8101,702
Long-term debt, excluding current maturities2,2282,2492,1211,9861,9081,8101,702
Operating lease, liability21
Total noncurrent liabilities:2,2492,2492,1211,9861,9081,8101,702
Other undisclosed liabilities4,1964,6955,5495,9129,20610,52411,952
Total liabilities:6,4456,9447,6707,89811,11412,33413,654
Stockholders' equity
Stockholders' equity attributable to parent, including:8261,1191,4133,2273,7293,9293,278
Common stock283284284284282281278
Treasury stock, value(3,061)(3,000)(3,118)(2,789)(2,668)(2,359)(2,318)
Additional paid in capital2,9993,0253,1713,1603,1383,1283,115
Accumulated other comprehensive income (loss)(2)(156)(19)(128)(61)21(86)
Retained earnings6079661,0952,7003,0382,8582,289
Warrants and rights outstanding     2859
Other undisclosed stockholders' equity attributable to parent     (28)(59)
Other undisclosed stockholders' equity13131212122121
Total stockholders' equity:8391,1321,4253,2393,7413,9503,299
TOTAL LIABILITIES AND EQUITY:7,2848,0769,09511,13714,85516,28416,953

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues2801624332948531,2701,209
Financial services revenue2013003721,0131,101
Other income  31(282) 
Cost of revenue (63)(683)(220)(123)(133)(117)
Policyholder benefits and claims incurred, net (63)
Financial services costs(683)(220)(123)(133)(117)
Gross profit:28099(250)747301,1371,092
Operating expenses  (125)  (244)(398)
Operating income (loss):28099(375)74730893694
Nonoperating income (expense)
(Investment Income, Nonoperating)
  (117)  444232
Interest and debt expense(1)(206)(169)(197)(199)(207)(176)
Income (loss) from continuing operations before equity method investments, income taxes:279(107)(661)(123)5311,130750
Other undisclosed loss from continuing operations before income taxes(636)(189) (216)(242)(489)(334)
Income (loss) from continuing operations before income taxes:(357)(296)(661)(339)289641416
Income tax expense (benefit)(2) (944)1(109)(72)(166)
Net income (loss) attributable to parent:(359)(296)(1,605)(338)180569250
Other undisclosed net loss available to common stockholders, basic    (6)(16)(5)
Net income (loss) available to common stockholders, basic:(359)(296)(1,605)(338)174553245
Other undisclosed net loss available to common stockholders, diluted     (27) 
Net income (loss) available to common stockholders, diluted:(359)(296)(1,605)(338)174526245

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):(359)(296)(1,605)(338)180569250
Other comprehensive income (loss)  (21)(1)14  
Comprehensive income (loss):(359)(296)(1,626)(339)194569250
Other undisclosed comprehensive income (loss), net of tax, attributable to parent15430130(66)(96)107(142)
Comprehensive income (loss), net of tax, attributable to parent:(205)(266)(1,496)(405)98676108

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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