MGIC Investment (MTG) Financials

MGIC Investment Corp (MTG) provides its financial information through various reports, including its income statement. The income statement shows the company's revenues, expenses, and resulting net income from stockholders. It is an essential document for investors and analysts to assess the financial health of MTG. In the latest reported period, MTG's total revenue amounted to $1.34 billion, reflecting the company's strong performance. Furthermore, MTG's gross profit, which represents the revenue remaining after deducting the cost of goods sold, stood at $1.28 billion. This indicates the company's ability to generate profits from its core operations.

The EBIT (earnings before interest and taxes) of MGIC Investment Corp (MTG) is another crucial metric used to evaluate the company's financial performance. EBIT represents the operating profit before deducting interest and income tax expenses. For MTG, the latest reported EBIT was $747 million, showcasing its ability to generate consistent earnings from its operations. Moreover, EBITDA (earnings before interest, taxes, depreciation, and amortization) is also an important indicator to assess MTG's profitability. The latest EBITDA for MTG stood at $817 million, indicating the company's ability to generate substantial cash flow from its operations.

Turning to the balance sheet, it provides a snapshot of a company's financial position at a specific point in time. MTG's total assets, including cash equivalents, amount to $6.92 billion. The company's balance sheet also reflects its total debt of $3.52 billion, revealing the sources of financing utilized by MTG. However, the company's net debt, which deducts cash and cash equivalents from its total debt, stands at $2.48 billion. Additionally, MTG's stockholders' equity, representing the owners' residual interest in the company's assets, is recorded at $2.41 billion. This demonstrates the value attributable to MTG's shareholders.

In terms of cash flow, MGIC Investment Corp (MTG) showcases its ability to generate cash from its operating, investing, and financing activities. The operating cash flow, which represents the cash generated from MTG's core operations, amounted to $871 million. This highlights the company's ability to generate significant cash flow from its main business activities. Furthermore, MTG's investing cash flow, which represents the cash used in acquiring or disposing of long-term assets, stood at -$48 million in the latest reported period. On the other hand, the financing cash flow, which represents the cash used in raising funds or paying off debts, amounted to -$134 million. Finally, MTG's free cash flow, which represents the cash available after all operating and capital expenditure, was reported at $823 million.