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Financial Services - Insurance - Specialty - NYSE - US
$ 12.34
1.98 %
$ 585 M
Market Cap
7.66
P/E
INCOME STATEMENT
269 M REVENUE
-36.56%
113 M OPERATING INCOME
-83.74%
8 M NET INCOME
-98.47%
EFFICIENCY
Earnings Waterfall Ambac Financial Group, Inc.
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Revenue 269 M
Cost Of Revenue 1 M
Gross Profit 268 M
Operating Expenses 156 M
Operating Income 113 M
Other Expenses 105 M
Net Income 8 M

Income Statement

Millions
Dec-2023 Dec-2022 Dec-2021 Dec-2020 Dec-2019 Dec-2018 Dec-2017 Dec-2016 Dec-2015 Dec-2014 Dec-2013 Dec-2012 Dec-2011 Dec-2010 Dec-2009 Dec-2008 Dec-2007 Dec-2006 Dec-2005 Dec-2004 Dec-2003 Dec-2002 Dec-2001 Dec-2000 Dec-1999 Dec-1998 Dec-1997 Dec-1996 Dec-1995 Dec-1994 Dec-1993 Dec-1992 Dec-1991
REVENUE
Revenue 269.0 424.0 250.0 156.0 497.0 507.5 616.3 501.3 644.6 403.4 685.7 863.3 295.8 434.1 3 911.2 (2 753.5) (4 214.9) 1 832.1 1 661.7 1 406.7 1 272.2 971.8 724.9 621.3 533.3 457.0 381.8 266.3 272.9 234.2 327.6 240.6 187.3
GROSS PROFIT
Cost Of Revenue 1.0 0 0 0 0 0 0 0 0 0 0 0 0 13.7 12.6 2 766.2 4 214.9 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Gross Profit 268.0 424.0 250.0 156.0 497.0 507.5 616.3 501.3 644.6 403.4 685.7 863.3 295.8 420.4 3 898.6 (5 519.7) (8 429.9) 1 832.1 1 661.7 1 406.7 1 272.2 971.8 724.9 621.3 533.3 457.0 381.8 266.3 272.9 234.2 327.6 240.6 187.3
OPERATING INCOME
Operating Expenses 156.0 271.0 (281.0) (604.0) (853.0) 7.2 (779.6) (270.2) 102 702.0 101 474.0 139.0 139.0 141.3 198.4 175.8 216.2 139.3 133.7 117.8 (202.8) (181.3) (132.6) (115.8) (101.7) (92.1) (95.4) (74.4) 130.1 (37.9) (35.5) (64.5) (55.7) (34.1)
Selling, General and Administrative Expenses 156.0 141.0 62.0 51.0 103.0 112.2 121.5 113.7 102.7 101.5 105.1 108.9 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Research and Development Expenses 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Operating Income 113.0 695.0 (31.0) (448.0) (356.0) 514.8 (163.3) 231.1 630.5 493 253.0 (256.5) (256.5) (1 882.9) (753.0) 724.9 (5 618.5) (5 146.9) 875.9 751.0 1 203.9 1 090.9 839.2 609.2 519.6 441.2 361.7 307.3 396.4 235.0 198.7 263.1 184.9 153.2
PRE-TAX INCOME
Interest Income Expense 64.0 168.0 187.0 222.0 269.0 242.3 119.9 124.3 116.5 127.5 112.3 112.3 128.1 181.3 164.4 362.7 510.4 435.2 342.6 228.4 250.5 275.0 40.4 37.5 36.5 32.8 21.3 20.9 20.9 18.8 15.8 14.2 6.3
Total Other Income (101.0) (10.0) 2.0 (158.0) (183.0) (327.0) (284.0) (146.2) (656.7) 14.3 2 835.6 0 0 (273.1) 0 0.1 0 334.3 463.6 (53.8) 849.6 (77.6) (40.4) 482.1 67.6 69.0 46.9 (20.9) 161.1 116.7 175.6 137.2 107.0
Pre-Tax Income 12.0 525.0 2.0 (440.0) (183.0) 272.5 (284.3) 105.0 510.1 493.3 (249.3) (256.5) (1 882.9) (753.0) 724.9 (5 618.5) (5 146.9) 1 210.2 1 022.8 976.8 849.6 564.2 568.7 482.1 404.7 328.9 286.0 375.5 396.1 315.4 438.7 322.1 260.2
NET INCOME
Tax Provision 7.0 2.0 18.0 (3.0) 32.0 5.1 44.5 30.7 17.4 9.6 2.8 2.8 77.4 (0.1) 739.5 (9.2) (1 898.8) 334.3 271.8 250.9 221.5 131.6 135.8 116.0 96.7 74.9 63.0 99.2 46.6 38.8 68.0 40.5 33.2
Net Income 4.0 521.0 (16.0) (437.0) (215.0) 267.4 (328.7) 74.8 493.4 484.1 (252.1) (256.7) (1 960.4) 753.2 14.6 (5 609.2) (3 248.2) 875.9 751.0 724.6 618.9 432.6 432.9 366.2 307.9 254.0 223.0 276.3 167.5 141.1 179.3 130.2 113.7
EPS 0.18 11.5 0.34 9.47 4.68 5.86 7.25 1.66 10.9 10.7 5.59 0.85 6.48 2.56 0.05 22.3 31.6 8.22 6.94 6.61 5.81 4.08 4.1 3.49 2.94 2.42 2.13 2.63 1.59 1.33 1.69 1.24 1.09