MBIA will make sure that bonds get paid, no matter what. Its independent subsidiary, National Public Finance Guarantee Corporation, is a leading provider of insurance for municipal bonds and stable corporate bonds (such as utility bonds) in the US. Separately, its MBIA Insurance Corporation provides global structured finance products and non-US public financial guarantees. MBIA's Cutwater business manages assets for public-sector clients. Other lines of business include tax compliance services and buying and servicing municipal real estate tax liens.
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| Income Statement | 2011 | 2010 | 2009 |
|---|---|---|---|
| Revenue | $-1557.0 | $893.798 | $2954.021 |
| Gross Profit | $0.0 | $0.0 | $0.0 |
| Operating Income | $-2239.0 | $-95.228 | $1216.881 |
| Net Income | $-1319.0 | $52.529 | $634.06 |
| Diluted EPS | $-6.69 | $0.26 | $2.99 |
| Cash Flow (mil) | 2011 | 2010 | 2009 |
|---|---|---|---|
| Cash at the beginning of the year | $1129.732 | $803.243 | $2279.783 |
| Net Operating Cash | $-2976.0 | $-1256.65 | $-2192.199 |
| Net Investing Cash | $4295.0 | $5011.364 | $4976.517 |
| Net Financing Cash | $-1816.0 | $-3428.225 | $-4260.858 |
| Net Change in Cash | $-497.0 | $326.489 | $-1476.54 |
| Cash at end of the year | $633.0 | $1129.732 | $803.243 |
| Capital Expenditure | $-5.0 | $-4.713 | $-5.86 |
| Assets (mil) | 2011 | 2010 | 2009 |
|---|---|---|---|
| Current Assets | |||
| Cash | $633.0 | $1129.732 | $803.243 |
| Net Receivables | $1392.0 | $1638.341 | $2571.058 |
| Inventories | $ | $ | $ |
| Other Income Assets | $ | $ | $ |
| Asset Summary | |||
| Total Current Assets | $ | $ | $ |
| Net Fixed Assets | $69.0 | $71.385 | $76.834 |
| Other Noncurrent Assets | $26804.0 | $32207.627 | $25607.865 |
| Total Assets | $26873.0 | $32279.012 | $25684.7 |
| Liabilities (mil) | 2011 | 2010 | 2009 |
|---|---|---|---|
| Current Liabilities | |||
| Accounts Payable | $ | $ | $ |
| Short Term Debt | $0.0 | $64.768 | $18.112 |
| Other Current Liabilities | $ | $ | $ |
| Liability Summary | |||
| Total Current Liabilities | $ | $ | $ |
| Long Term Debt | $12553.0 | $14540.028 | $8112.999 |
| Other Noncurrent Liabilities | $12620.0 | $14906.844 | $14964.824 |
| Total Liabilities | $25173.0 | $29446.871 | $23077.822 |
| Stakeholder's Equity (mil) | 2011 | 2010 | 2009 |
|---|---|---|---|
| Equity | |||
| Preferred Stock Equity | $0.0 | $0.0 | $16.778 |
| Common Stock Equity | $1700.0 | $2832.139 | $2590.098 |
| Equity Summary | |||
| Total Equity | $1700.0 | $2832.139 | $2606.876 |
| Shares Outstanding | 193.14 | 199.75 | 204.67 |