MBIA Inc. (MBI) financial statements (2022 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments16016783280146187522
Cash and cash equivalents16016783280146187522
Disposal group, including discontinued operation     555 
Total current assets:16016783280146742522
Noncurrent Assets
Operating lease, right-of-use asset  21
Total noncurrent assets:  21    
Other undisclosed assets4,5365,5847,1807,7968,94910,39514,333
TOTAL ASSETS:4,6965,7517,2848,0769,09511,13714,855
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Long-term debt and lease obligation  2,2492,2492,1211,9861,908
Long-term debt, excluding current maturities  2,2282,2492,1211,9861,908
Operating lease, liability  21
Total noncurrent liabilities:  2,2492,2492,1211,9861,908
Other undisclosed liabilities4,9965,6024,1964,6955,5495,9129,206
Total liabilities:4,9965,6026,4456,9447,6707,89811,114
Stockholders' equity
Stockholders' equity attributable to parent(313)1368261,1191,4133,2273,729
Common stock283283283284284284282
Treasury stock, value(3,169)(3,211)(3,061)(3,000)(3,118)(2,789)(2,668)
Additional paid in capital2,9312,9622,9993,0253,1713,1603,138
Accumulated other comprehensive income (loss)100115(2)(156)(19)(128)(61)
Retained earnings (accumulated deficit)(458)(13)6079661,0952,7003,038
Other undisclosed stockholders' equity13131313121212
Total stockholders' equity:(300)1498391,1321,4253,2393,741
TOTAL LIABILITIES AND EQUITY:4,6965,7517,2848,0769,09511,13714,855

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues189282280162433294853
Financial services revenue201300372
Other income(6)   31(282) 
Cost of revenue   (63)(683)(220)(123)
Policyholder benefits and claims incurred, net   (63)
Financial services costs(683)(220)(123)
Gross profit:18928228099(250)74730
Operating expenses    (125)  
Operating income (loss):18928228099(375)74730
Nonoperating expense
(Investment Income, Nonoperating)
    (117)  
Interest and debt expense(163)(178)(1)(206)(169)(197)(199)
Income (loss) from continuing operations before equity method investments, income taxes:26104279(107)(661)(123)531
Other undisclosed loss from continuing operations before income taxes(471)(682)(636)(189) (216)(242)
Income (loss) from continuing operations before income taxes:(445)(578)(357)(296)(661)(339)289
Income tax expense (benefit)  (2) (944)1(109)
Net income (loss) attributable to parent:(445)(578)(359)(296)(1,605)(338)180
Other undisclosed net loss available to common stockholders, basic      (6)
Net income (loss) available to common stockholders, diluted:(445)(578)(359)(296)(1,605)(338)174

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):(445)(578)(359)(296)(1,605)(338)180
Other comprehensive income (loss)    (21)(1)14
Comprehensive income (loss):(445)(578)(359)(296)(1,626)(339)194
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(15)11715430130(66)(96)
Comprehensive income (loss), net of tax, attributable to parent:(460)(461)(205)(266)(1,496)(405)98

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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