| Address:
|
1601 MARKET STREET
12TH FLOOR |
| City: |
PHILADELPHIA |
|
State: |
PA |
|
Zip Code: |
19103 |
| Telephone: |
215-564-6600 |
|
Description of Business
|
Primary SIC Code:
6351 |
| (As filed with the SEC)
|
|
|
We are a credit enhancement company with a primary operating focus on providing
first-lien, residential mortgage insurance in the United States ("U.S."). In
addition, we also maintain a significant financial guaranty insurance portfolio,
consisting of public finance and structured finance risks.
In recent years, our business has undergone significant changes due to the
macroeconomic conditions and other specific events that affected the production
environment and credit performance of our underlying insured assets. The
downturn in the housing and related credit markets, characterized by a broad
decline in home prices, deteriorating credit performance of mortgage and other
assets and reduced liquidity for many participants in the mortgage and financial
services markets, has had, and continues to have, a significant negative impact
on the operating environment and results of operations for each of our business
segments. ... More ... |
| Date |
12-mos
Rolling EPS |
Dividend |
P/E
Ratio |
| 09/2011 | -6.38 | 0.002 | N/E | | 06/2011 | -5.79 | 0.002 | N/E | | 03/2011 | -11.20 | 0.002 | N/E | | 12/2010 | -15.74 | 0.002 | N/E | | 09/2010 | -7.31 | 0.002 | N/E | | 06/2010 | -10.13 | 0.002 | N/E | | 03/2010 | -2.88 | 0.002 | N/E | | 12/2009 | -1.80 | 0.002 | N/E |
Key Financial Ratios and Statistics |
FYE:
12/31 |
| Profitability |
2010 |
Leverage |
2010 |
| Net Inc/Comm Equity | -1.69 | Total Liab/Total Assets | 0.89 | | Net Inc/Total Assets | -0.24 | Total Liab/Inv Cap | 0.89 | | Net Inc/Inv Cap | -0.24 | Total Liab/Comm Equity | 6.31 | | Pretax Inc/Net Sales | -3.78 | Interest Coverage Ratio | -36.81 | | Net Inc/Net Sales | -4.33 | Curr Debt/Equity | NA | | Cash Flow/Net Sales | -2.07 | LTD/Equity | 1.73 | | SG&A/NetSales | NA | Total Debt/Equity | 1.73 |
| Asset Utilization
|
|
Liquidity |
|
| Net Receivables Turnover | 0.73 | Quick Ratio | NA | | Inventory Turnover | NA | Current Ratio | NA | | Inventory Day Sales | NA | Net Rec/Curr Assets | NA | | Net Sales/Work Cap | NA | Inv/Curr Assets | NA | | Net Sales/PP&E | 32.05 | | |
Income Statement (Millions) |
| |
9/30/2011
|
6/30/2011
|
3/31/2011
|
9/30/2010
|
|
Total Revenues(Net Sales)
|
508.05
|
471.95
|
603.29
|
581.33
|
|
Cost of Goods Sold
|
261.05
|
277.95
|
441.50
|
355.44
|
|
Selling & Admin Exps
|
NA
|
NA
|
NA
|
NA
|
|
Operating Income
|
189.61
|
135.07
|
99.93
|
164.71
|
|
Interest Exp
|
14.09
|
16.08
|
17.02
|
9.50
|
|
Pretax Income
|
189.61
|
135.07
|
99.99
|
164.71
|
|
Other Income
|
NA
|
NA
|
NA
|
NA
|
|
Net Income Bef Extraordinary ...
|
NA
|
NA
|
NA
|
NA
|
|
Net Income
|
183.57
|
137.12
|
103.01
|
112.19
|
|
Assets
|
9/30/2011
|
6/30/2011
|
3/31/2011
|
9/30/2010
|
|
Cash & Short Term Investments
|
1,105.33
|
1,179.96
|
1,273.94
|
1,431.83
|
|
Receivables - Total
|
776.45
|
288.59
|
334.08
|
869.47
|
|
Inventories - Total
|
NA
|
NA
|
NA
|
NA
|
|
Total Current Assets
|
NA
|
NA
|
NA
|
NA
|
|
Net Property, Plant & Equipment
|
11.94
|
16.00
|
12.41
|
13.74
|
|
Total Assets
|
7,246.29
|
6,928.80
|
7,351.56
|
8,582.65
|
|
Liabilities
|
|
|
|
|
|
Accounts Payable
|
787.38
|
301.03
|
247.05
|
633.51
|
|
Debt in Current Liabilities
|
NA
|
NA
|
NA
|
NA
|
|
Total Current Liabilities
|
NA
|
NA
|
NA
|
NA
|
|
Long-Term Debt
|
1,088.28
|
1,205.06
|
1,341.21
|
1,161.19
|
|
Total Liabilities
|
5,957.85
|
5,799.49
|
6,378.67
|
6,651.03
|
|
Stockholder's Equity
|
|
|
|
|
|
Minority Interest
|
NA
|
NA
|
NA
|
NA
|
|
Preferred Stock
|
NA
|
NA
|
NA
|
NA
|
|
Common Stock
|
0.15
|
0.15
|
0.15
|
0.15
|
|
Retained Earnings
|
218.10
|
34.86
|
-101.92
|
928.03
|
|
Treasury Stock
|
-892.05
|
-892.04
|
-892.04
|
-891.99
|
|
Total Stockholders' Equity
|
1,288.44
|
1,129.31
|
972.90
|
1,931.62
|
|
Total Liabilities and Stockholders' Equity
|
7,246.29
|
6,928.80
|
7,351.56
|
8,582.65
|
Cash Flow Summary (Millions) |
|
Categories
|
9/30/2011
|
6/30/2011
|
3/31/2011
|
9/30/2010
|
|
Net Cash Provided by Operating Activities
|
-157.20
|
-348.05
|
-260.86
|
-486.75
|
|
Net Cash Provided by Investing Activities
|
158.20
|
512.10
|
258.28
|
477.79
|
|
Net Cash Provided by Financing Activities
|
-0.33
|
-160.33
|
-0.33
|
-0.63
|
Annual Summary Data (Millions) |
| Year |
Sales |
Net
Income |
EPS |
| 12/2006 | 1,327.95 | 582.17 | 7.08 | | 12/2007 | 201.05 | -1,290.30 | -16.22 | | 12/2008 | 1,808.04 | -410.58 | -5.12 | | 12/2009 | 1,313.38 | -147.88 | -1.80 | | 12/2010 | 417.46 | -1,805.87 | -15.74 | | Growth Rates | -25.12 | -- | -- |
| Type |
Date(Q,M) |
No.
Owners |
Shares
Held (000s) |
%
Own |
| Institutional | 12/31/11 | 139 | 97,605 | 73.28 |
|
Report Date :
1/30/2012
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