MGIC Investment Corporation (MTG US) · 33+ Years of Financial statements

Income Statement	2009 Y	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
Sales/Revenue/Turnover	1,709	1,521	1,504	1,378	1,039	943	1,041	1,062	1,066	1,124	1,214	1,199	1,186	1,173	1,155
+ Sales & Services Revenue	1,709	1,521	1,504	1,378	1,039	943	1,041	1,062	1,066	1,124	1,214	1,199	1,186	1,173	1,155
- Cost of Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cost of Goods & Services	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Profit	1,709	1,521	1,504	1,378	1,039	943	1,041	1,062	1,066	1,124	1,214	1,199	1,186	1,173	1,155
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	1,709	1,521	1,504	1,378	1,039	943	1,041	1,062	1,066	1,124	1,214	1,199	1,186	1,173	1,155
+ Selling, General & Admin	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Research & Development	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Operating Expense	1,709	1,521	1,504	1,378	1,039	943	1,041	1,062	1,066	1,124	1,214	1,199	1,186	1,173	1,155
Operating Income (Loss)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Non-Operating (Income) Loss	1,765	359	484	929	46	-255	-488	-515	-784	-844	-848	-559	-802	-1,090	-902
+ Interest Expense, Net	89	99	103	99	80	70	69	57	57	53	53	60	71	48	37
+ Interest Expense	89	99	103	99	80	70	69	57	57	53	53	60	71	48	37
- Interest Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Op (Income) Loss	1,676	261	381	829	-34	-324	-557	-571	-842	-897	-901	-619	-873	-1,138	-939
Pretax Income	-1,765	-359	-484	-929	-46	255	488	515	784	844	848	559	802	1,090	902
- Income Tax Expense (Benefit)	-443	4	2	-2	4	3	-684	172	429	174	174	113	167	225	189
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	-1,322	-364	-486	-927	-50	252	1,172	343	356	670	674	446	635	865	713
- Net Extraordinary Losses (Gains)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Discontinued Operations	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) Incl. MI	-1,322	-364	-486	-927	-50	252	1,172	343	356	670	674	446	635	865	713
- Minority Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income, GAAP	-1,322	-364	-486	-927	-50	252	1,172	343	356	670	674	446	635	865	713
- Preferred Dividends	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	-1,322	-364	-486	-927	-50	252	1,172	343	356	670	674	446	635	865	713
Basic Weighted Avg Shares	124	176	201	202	312	339	340	343	362	365	353	340	334	306	284
Basic EPS, GAAP	-10.65	-2.06	-2.42	-4.59	-0.16	0.74	3.45	1	0.98	1.83	1.91	1.31	1.9	2.83	2.51
Basic EPS from Cont Ops	-10.65	-2.06	-2.42	-4.59	-0.16	0.74	3.45	1	0.98	1.83	1.91	1.31	1.9	2.83	2.51
Diluted Weighted Avg Shares	124	176	201	202	312	414	468	432	395	386	374	359	351	311	287
Diluted EPS, GAAP	-10.65	-2.06	-2.42	-4.59	-0.16	0.61	2.5	0.79	0.9	1.74	1.8	1.24	1.81	2.78	2.48
Diluted EPS from Cont Ops	-10.65	-2.06	-2.42	-4.59	-0.16	0.61	2.5	0.79	0.9	1.74	1.8	1.24	1.81	2.78	2.48
EBITDA	60	61	85	100	69	49	53	61	64	58	49	58	66	54	35
EBITDA Margin (%)	3.53	4	5.64	7.26	6.66	5.18	5.05	5.77	6.04	5.18	4.02	4.82	5.57	4.63	3.05
EBITA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	100	100	100	100	100	100	100	100	100	100	100	100	100	100	100
Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Profit Margin (%)	-77.39	-23.92	-32.3	-67.26	-4.8	26.73	112.55	32.24	33.37	59.63	55.5	37.2	53.55	73.79	61.72
Sales per Employee	1,675,025	1,505,470	1,635,086	1,571,681	1,269,151	1,178,292	1,301,610	1,290,988	1,301,653	1,417,211	1,676,764	1,622,660	1,667,616	1,717,108	1,842,268
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.12	0.24	0.28	0.36	0.43
Depreciation Expense	60	61	85	100	69	49	53	61	64	58	49	58	66	54	35

Balance Sheet	2009 Y	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
Total Current Assets	1,551	1,384	7,065	5,446	5,339	5,024	4,941	4,956	5,197	5,395	5,978	7,101	7,032	5,841	6,188
+ Cash, Cash Equivalents & STI	1,186	1,304	6,819	5,258	5,200	4,811	4,844	4,848	5,090	5,304	5,900	6,950	6,872	5,737	6,087
+ Cash & Cash Equivalents	1,186	1,304	996	1,028	333	198	181	155	100	152	162	288	285	327	364
+ ST Investments	- -	- -	5,824	4,230	4,867	4,613	4,663	4,692	4,991	5,152	5,738	6,662	6,588	5,410	5,723
+ Accounts & Notes Receiv	365	80	246	188	139	213	96	108	106	91	79	152	160	104	102
+ Accounts Receivable, Net	90	80	246	188	139	213	96	108	106	91	79	152	160	104	102
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	275	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	7,853	7,950	151	128	263	243	928	779	423	283	251	253	293	372	350
+ Property, Plant & Equip, Net	30	29	28	27	26	29	30	36	45	52	50	47	46	41	39
+ Property, Plant & Equip	30	29	28	27	26	29	30	36	45	52	50	47	46	41	39
- Accumulated Depreciation	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Investments & Receivables	7,254	7,458	5,824	4,230	4,867	4,613	4,663	4,692	4,991	5,156	5,755	6,680	6,604	5,424	5,738
+ LT Investments	7,254	7,458	5,824	4,230	4,867	4,613	4,663	4,692	4,991	5,156	5,755	6,680	6,604	5,424	5,738
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	569	463	-5,701	-4,129	-4,630	-4,399	-3,766	-3,950	-4,613	-4,925	-5,554	-6,474	-6,356	-5,093	-5,427
+ Total Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Goodwill	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	569	463	-5,701	-4,129	-4,630	-4,399	-3,766	-3,950	-4,613	-4,925	-5,554	-6,474	-6,356	-5,093	-5,427
Total Assets	9,404	9,334	7,216	5,574	5,601	5,266	5,868	5,735	5,619	5,678	6,230	7,355	7,325	6,214	6,538
+ Payables & Accruals	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Accounts Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Accrued Taxes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Borrowings	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Current Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Debt	669	1,037	860	825	1,317	1,296	1,212	1,179	830	832	833	1,243	1,147	663	643
+ LT Borrowings	669	1,037	860	825	1,317	1,296	1,212	1,179	830	832	833	1,243	1,147	663	643
+ LT Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Liabilities	7,433	6,628	5,159	4,553	3,540	2,933	2,420	2,007	1,635	1,264	1,088	1,412	1,317	908	823
+ Accrued Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Pension Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	7,433	6,628	5,159	4,553	3,540	2,933	2,420	2,007	1,635	1,264	1,088	1,412	1,317	908	823
Total Noncurrent Liabilities	8,102	7,665	6,019	5,377	4,857	4,230	3,632	3,186	2,465	2,096	1,920	2,656	2,464	1,571	1,466
Total Liabilities	8,102	7,665	6,019	5,377	4,857	4,230	3,632	3,186	2,465	2,096	1,920	2,656	2,464	1,571	1,466
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	573	1,344	1,341	1,340	2,001	2,004	2,010	2,142	2,221	2,234	2,241	2,233	2,166	2,170	2,179
+ Common Stock	130	205	205	205	340	340	340	359	371	371	371	371	371	371	371
+ Additional Paid in Capital	443	1,139	1,136	1,135	1,661	1,664	1,670	1,782	1,851	1,863	1,870	1,862	1,795	1,799	1,808
- Treasury Stock	270	223	163	105	64	33	3	150	- -	175	283	393	675	1,050	1,384
+ Retained Earnings	925	526	-12	-990	-1,075	-852	290	633	977	1,647	2,279	2,642	3,251	4,004	4,593
+ Other Equity	74	22	30	-48	-118	-81	-61	-75	-44	-124	73	217	120	-482	-316
Equity Before Minority Interest	1,303	1,669	1,197	197	745	1,037	2,236	2,549	3,155	3,582	4,309	4,699	4,861	4,643	5,072
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Equity	1,303	1,669	1,197	197	745	1,037	2,236	2,549	3,155	3,582	4,309	4,699	4,861	4,643	5,072
Total Liabilities & Equity	9,404	9,334	7,216	5,574	5,601	5,266	5,868	5,735	5,619	5,678	6,230	7,355	7,325	6,214	6,538
Shares Outstanding	125	200	201	202	338	339	340	341	371	355	347	339	320	293	272
Capital Leases - Total	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt	-517	-267	-136	-203	985	1,099	1,031	1,023	731	680	671	955	862	335	280
Net Debt to Equity	-39.68	-16.01	-11.35	-103.13	132.24	105.95	46.09	40.15	23.16	18.98	15.57	20.33	17.73	7.22	5.51
Tangible Common Equity Ratio	13.85	17.88	16.59	3.53	13.29	19.69	38.11	44.45	56.14	63.09	69.17	63.89	66.37	74.72	77.57
Current Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Conversion Cycle	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Number of Employees	1,020	1,010	920	877	819	800	800	823	819	793	724	739	711	683	627

Cash Flow Statement	2009 Y	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
+ Net Income	-1,322	-364	-486	-927	-50	252	1,172	343	356	670	674	446	635	865	713
+ Depreciation & Amortization	60	61	85	100	69	49	53	61	64	58	49	58	66	54	35
+ Non-Cash Items	209	-107	-186	-235	-5	- -	-721	244	355	188	6	55	53	68	47
+ Stock-Based Compensation	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	14	17	25	32
+ Deferred Income Taxes	176	- -	-1	- -	1	- -	-693	162	355	187	11	27	5	-4	1
+ Asset Impairment Charge	41	10	1	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Cash Adj	-8	-116	-186	-235	-6	-1	-28	82	- -	1	-5	14	31	48	14
+ Chg in Non-Cash Work Cap	1,383	-466	-1,296	-507	-985	-706	-342	-423	-368	-372	-119	173	-58	-338	-82
+ (Inc) Dec in Accts Receiv	-179	43	143	57	49	-74	90	-12	-1	10	18	-68	-27	60	8
+ (Inc) Dec in Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ (Inc) Dec in Prepaid Assets	1	1	1	1	-35	-11	47	- -	- -	- -	- -	- -	- -	- -	- -
+ Inc (Dec) in Accts Payable	-179	384	-30	-10	-11	22	-7	-19	-25	-23	-12	- -	7	-12	-4
+ Inc (Dec) in Other	1,740	-894	-1,411	-555	-987	-642	-473	-392	-342	-358	-125	242	-38	-386	-85
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	330	-875	-1,884	-1,569	-971	-405	161	225	407	545	610	732	696	650	713
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Fixed Prod Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	- -	- -	- -	- -	-1	-5	-5	-11	-16	-14	-6	-3	-4	-3	-2
+ Acq of Fixed Prod Assets	- -	- -	- -	- -	-1	-5	-5	-11	-16	-14	-6	-3	-4	-3	-2
+ Acq of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Change in LT Investment	53	-195	1,754	1,654	-837	297	-110	-83	-288	-304	-416	-769	-157	414	-177
+ Dec in LT Investment	4,219	5,031	6,150	6,679	2,412	2,277	2,353	1,281	1,006	1,156	978	1,868	1,374	1,088	1,292
+ Inc in LT Investment	-4,167	-5,226	-4,396	-5,025	-3,249	-1,980	-2,463	-1,364	-1,294	-1,459	-1,394	-2,637	-1,531	-674	-1,470
+ Net Cash From Acq & Div	- -	84	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash from Divestitures	- -	84	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash for Acq of Subs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	- -	- -	- -	- -	-17	- -	17	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	53	-112	1,754	1,654	-855	292	-97	-93	-304	-318	-422	-773	-161	410	-179
+ Dividends Paid	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-42	-82	-94	-111	-123
+ Net Cash From Debt	-494	333	-179	-53	467	-21	-73	108	-150	- -	- -	424	-99	-486	-29
+ Cash From Debt	- -	334	- -	- -	485	- -	- -	573	150	- -	- -	640	- -	- -	- -
+ Repayments of Debt	-494	-1	-179	-53	-17	-21	-73	-465	-300	- -	- -	-216	-99	-486	-29
+ Cash (Repurchase) of Equity	- -	772	- -	- -	663	- -	- -	-147	- -	-163	-126	-120	-291	-386	-337
+ Increase in Capital Stock	- -	772	- -	- -	663	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Decrease in Capital Stock	- -	- -	- -	- -	- -	- -	- -	-147	- -	-163	-126	-120	-291	-386	-337
+ Other Financing Activities	200	- -	- -	- -	- -	-1	-8	-118	-8	-8	-6	-54	-44	-50	-7
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	-294	1,106	-179	-53	1,131	-22	-81	-157	-159	-172	-173	168	-527	-1,033	-496
Effect of Foreign Exchange Rates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Changes in Cash	88	118	-308	32	-695	-135	-17	-26	-56	55	14	128	8	28	38
Capital Expenditures	- -	- -	- -	- -	-1	-5	-5	-11	-16	-14	-6	-3	-4	-3	-2
EBITDA	60	61	85	100	69	49	53	61	64	58	49	58	66	54	35
EBITDA Margin (%)	3.53	4	5.64	7.26	6.66	5.18	5.05	5.77	6.04	5.18	4.02	4.82	5.57	4.63	3.05
Net Cash Paid for Acquisitions	- -	-84	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Free Cash Flow	330	-875	-1,884	-1,569	-972	-410	157	214	391	530	604	729	692	647	711
Free Cash Flow to Firm	- -	- -	- -	- -	- -	-341	- -	252	416	572	646	777	749	685	740
Free Cash Flow to Equity	-164	-542	-2,063	-1,622	-504	-431	84	323	240	530	604	1,153	594	160	682
Free Cash Flow per Basic Share	2.66	-4.96	-9.37	-7.77	-3.12	-1.21	0.46	0.62	1.08	1.45	1.71	2.14	2.07	2.11	2.51
Price/Free Cash Flow	2.13	-2.05	-0.38	-0.33	-2.69	-9.61	25.09	18.87	13.44	7.1	8.57	6.04	7.18	6.16	7.82
Cash Flow to Net Income	-0.25	2.41	3.88	1.69	19.47	-1.61	0.14	0.66	1.14	0.81	0.9	1.64	1.1	0.75	1

MGIC Investment Corporation

MTG US

21.75

21.75