Mgic investment corp (MTG)
CashFlow / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10
Cash flows from operating activities:
Net income

671,627

673,763

654,399

659,365

678,401

670,097

539,665

477,792

409,600

355,761

435,934

372,525

363,124

342,517

337,448

1,103,682

1,108,115

1,172,000

1,144,010

393,175

325,043

251,949

176,114

116,211

83,064

-49,848

-435,132

-694,188

-980,454

-927,079

-675,682

-593,945

-471,786

-485,892

-537,265

-423,588

-247,305

-363,735

0

0

0

Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization

49,928

48,784

48,726

50,284

54,290

58,215

60,815

62,634

63,184

64,430

65,900

66,056

64,312

61,342

58,522

57,098

55,357

52,559

48,993

45,930

45,283

48,861

53,833

58,555

61,234

69,203

76,508

86,147

98,297

100,135

101,888

97,064

89,964

84,828

77,479

72,326

67,815

60,882

0

0

0

Deferred tax expense

-2,974

-11,096

-324,341

-271,957

-218,205

-186,572

-374,897

-368,779

-364,588

-355,044

-108,297

-144,350

-146,694

-162,356

1,502,178

780,980

726,091

692,810

-698,825

-568

-409

-312

-265

-368

-512

-590

-2,600

122

114

34

-32,858

-11,299

641

738

74,468

24,633

3,246

75

0

0

0

Net realized investment losses

7,723

5,306

3,745

654

-1,550

-1,353

-654

-1,818

27

231

-290

4,852

5,740

8,921

10,212

5,760

5,090

28,361

27,567

27,559

27,915

1,357

3,049

2,606

4,569

6,059

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Gain (Loss) on Extinguishment of Debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-90,531

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net investment impairment losses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

9,644

0

0

0

Loss on repurchase of senior notes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-837

-837

-837

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Excess tax benefits related to share-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,113

2,568

2,568

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increase in income taxes payable (current)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Realized investment gains, excluding impairment losses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

52,301

194,732

141,296

102,581

0

0

0

Other

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

10,588

31,405

12,937

21,802

20,760

18,831

18,149

15,238

121,217

-36,312

-41,532

13,646

0

0

0

Change in certain assets and liabilities:
Accrued investment income

243

1,704

2,954

1,147

1,576

1,941

2,438

3,095

1,337

1,987

618

4,321

4,767

3,849

5,449

5,148

6,905

9,706

6,378

5,531

303

-1,142

-3,767

-4,133

521

4,417

-8,167

-13,822

-20,724

-28,423

-24,687

-20,570

-21,673

-14,639

-1,323

-21,614

-7,684

-9,523

0

0

0

Prepaid reinsurance premium

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-57,967

-49,987

-47,457

-44,043

17,824

12,048

11,380

35,415

35,955

37,309

35,402

0

0

0

-

-

-

-

-

-

-

-

-

0

0

0

Reinsurance recoverable on loss reserves

-6,119

-11,687

-13,715

-18,649

-13,599

-15,146

-12,597

-7,732

-1,184

-2,019

-985

-432

5,539

6,006

8,115

-8,241

-14,296

-13,354

-19,150

-4,307

-2,203

-6,244

-12,723

-26,135

-38,561

-40,763

-47,238

-42,934

-46,110

-49,759

-49,015

-79,338

-95,750

-120,683

-132,365

-118,742

-86,988

-56,937

0

0

0

Reinsurance recoverable on paid losses

1,378

1,427

1,538

-13,608

649

924

1,527

2,856

1,411

1,092

-6

-1,378

-1,274

-1,645

-357

1,145

2,111

3,105

2,175

1,599

3,065

4,001

7,927

6,655

4,252

5,180

2,349

4,937

4,207

4,286

-1,406

13,150

20,958

14,269

28,138

-15,277

-24,050

-24,863

0

0

0

Premium receivable

1,844

497

164

1,279

-1,105

1,045

-2,298

4,869

794

1,653

6,517

4,742

4,722

3,923

-4,158

-5,866

-12,069

-8,973

-8,751

-466

4,915

-4,859

-4,932

-9,644

-18,302

-5,527

-3,376

-5,345

4,907

-3,245

-5,257

-6,794

-8,101

-8,494

-13,418

-13,779

-17,694

-10,572

0

0

0

Deferred insurance policy acquisition costs

1,884

643

-655

-1,138

-1,298

-953

-359

130

692

1,082

1,616

1,997

2,290

2,518

2,411

2,520

2,695

3,001

3,347

3,484

3,097

2,519

-868

-1,702

-2,054

-1,524

2,067

2,848

3,507

3,740

2,755

1,560

605

-777

-476

-1,868

-1,259

-740

0

0

0

Profit commission receivable

-8,902

-4,945

-7,487

-4,747

8,692

5,479

8,043

9,443

-928

2,844

2,641

2,557

4,902

747

28,980

-112,689

-88,759

-64,525

-68,952

184,786

134,818

89,132

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Real estate

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss reserves

-80,511

-118,685

-118,749

-191,113

-268,907

-311,616

-384,105

-374,074

-410,871

-453,178

-430,332

-445,244

-418,347

-454,589

-444,460

-478,428

-491,235

-503,405

-547,639

-1,336,447

-1,043,619

-664,594

-2,233,110

-1,067,170

-977,095

-995,442

651,007

509,282

360,822

500,669

787,559

974,312

1,262,324

1,326,659

1,387,532

1,938,149

1,290,380

820,819

0

0

0

Premium deficiency reserve

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

23,751

28,711

35,455

25,955

24,710

28,324

25,393

28,843

25,320

27,097

32,428

76,869

61,036

62,394

65,638

20,948

44,150

13,588

10,087

36,804

14,219

0

0

0

Unearned premiums

-39,096

-29,683

-15,058

-5,160

6,816

17,051

36,798

54,149

60,366

63,197

49,490

43,586

47,443

49,764

56,207

64,136

66,826

76,559

79,127

76,088

62,956

48,935

36,623

25,782

19,884

15,639

9,232

-769

-7,162

-16,026

-26,566

-43,798

-53,286

-60,291

-67,475

-62,453

-64,391

-65,581

0

0

0

Return premium accrual

-8,800

-11,500

-13,900

-18,000

-20,500

-22,900

-26,000

-25,700

-26,100

-25,400

-24,000

-23,400

-18,750

-18,800

-16,000

-13,400

-17,750

-9,600

-400

10,900

25,800

22,200

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Current income taxes

-7,399

1,057

-10,923

-57,915

-43,419

-77,551

-59,071

-3,631

13,493

51,296

39,093

37,409

39,306

4,941

2,588

2,515

2,520

2,518

1,258

604

-881

-674

-896

25

193

598

402

6,297

1,943

1,888

2,043

-6,662

-1,990

-1,489

0

0

0

-

-

-

-

Other, net

-19,303

-24,791

-9,303

-17,041

-5,879

-14,738

-23,601

-16,346

-7,244

-128

10,312

-8,204

4,236

-14,307

-22,681

45,547

18,379

9,528

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by operating activities

628,975

609,532

619,133

563,535

575,432

544,517

533,848

543,694

463,154

406,657

332,130

295,323

298,693

224,760

175,350

276,279

197,639

161,395

67,420

-186,027

-280,098

-405,277

-615,761

-741,233

-876,889

-970,711

-1,088,694

-1,223,111

-1,396,694

-1,568,600

-1,640,372

-1,760,497

-1,886,533

-1,883,851

-1,838,023

-1,669,101

-1,099,314

-875,430

0

0

0

Cash flows from investing activities:
Purchases of investments

1,325,994

1,394,126

1,427,627

1,620,152

1,598,722

1,459,473

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sales of investments

348,589

229,796

232,879

528,884

465,615

370,449

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Fixed income securities

-

-

-

-

-

-

-

-

-

-

-

-

1,259,190

-

1,598,437

1,686,934

1,810,250

2,462,844

2,400,436

2,424,669

2,338,523

1,979,917

2,128,707

2,120,958

2,855,308

3,248,602

4,364,171

4,086,135

4,167,720

5,025,204

5,306,890

5,633,725

5,326,400

4,393,471

4,098,694

4,513,385

4,795,403

5,225,794

0

0

0

Equity securities

-

-

-

-

-

-

-

-

-

-

-

-

107

-

4,345

5,712

5,714

2,623

2,628

93

93

94

101

100

112

111

131

132

129

132

112

115

109

126

158

162

164

156

0

0

0

Proceeds from sales of fixed income securities

-

-

-

-

-

-

-

-

-

-

-

-

446,095

-

987,367

1,227,241

1,316,112

1,796,153

1,772,644

1,647,374

1,524,299

1,147,624

1,355,583

1,290,752

1,113,159

1,054,985

2,653,099

3,001,280

4,058,292

5,216,934

5,478,967

5,622,684

5,636,081

4,742,213

3,503,453

3,622,494

3,926,658

4,287,312

0

0

0

Proceeds from maturity of fixed income securities

767,780

748,165

727,243

689,060

832,499

785,175

806,192

792,801

715,583

759,212

662,586

624,304

606,815

547,444

560,003

574,640

507,174

559,774

646,950

778,237

1,026,362

1,129,087

1,151,341

1,227,600

1,369,515

1,357,028

1,443,736

1,362,592

1,127,620

1,461,955

1,453,737

1,463,630

1,525,635

1,407,325

1,188,890

1,210,388

1,081,857

740,959

0

0

0

Proceeds from sale of equity securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,425

2,525

2,525

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net (decrease) increase in payables for securities

-

-

-

-

-

-

-

-

-

0

-362

21,072

33,953

0

0

0

-43,590

-

-40,888

-41,779

11,980

-13

-6,941

-97,877

30,730

-13

-13,450

116,696

-16,730

20

18,890

-12,659

-19,815

2,228

8,781

38,468

8,672

-2,275

0

0

0

Net increase in restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-17,212

-17,207

-17,203

-17,444

-228

-43,141

-43,130

17,444

17,440

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Additions to property and equipment

5,908

5,636

7,658

9,262

9,338

14,238

14,604

14,663

17,260

16,066

17,704

17,487

12,650

10,552

6,764

5,643

5,970

4,630

3,544

9,634

8,254

4,707

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) investing activities

-215,840

-422,108

-518,535

-424,595

-309,639

-317,780

-409,323

-371,478

-404,337

-303,641

-141,894

-349,016

-250,258

-93,392

-100,495

88,874

47,467

-96,958

71,081

56,629

215,197

292,234

423,380

534,265

-424,711

-854,947

-314,365

100,576

1,034,793

1,653,533

1,606,812

1,465,133

1,855,526

1,754,217

668,714

364,871

287,776

-111,904

0

0

0

Cash flows from financing activities:
Proceeds from revolving credit facility

-

-

-

-

-

-

-

-

-

150,000

150,000

150,000

150,000

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase or repayment of convertible senior notes

-

-

-

-

-

-

-

-

-

-

-

-

-

363,778

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payment of original issue discount - convertible senior notes

-

-

-

-

-

-

-

-

-

-

-

-

-

11,250

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of convertible junior subordinated debentures

-

-

-

-

-

-

-

-

-

-

-

-

-

100,860

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payment of original issue discount-convertible junior subordinated debentures

-

-

-

-

-

-

-

-

-

-

-

-

-

41,540

41,540

41,540

41,540

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash portion of loss on debt extinguishment

-

-

-

-

-

-

-

-

-

-

-

-

-

59,460

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net proceeds from convertible senior notes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

484,625

484,625

484,697

484,670

0

0

0

0

-

-

-

-

-

-

-

-

Common stock shares issued

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

663,335

663,335

663,392

663,542

0

0

0

0

-

-

-

-

-

-

-

-

Purchase of convertible senior notes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

21,767

21,767

39,002

17,235

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of convertible junior subordinated debentures-liability component

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of convertible junior subordinated debentures-equity component

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repurchase of common stock

234,123

125,766

169,126

99,941

175,059

163,419

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from issuance of long-term debt

-

-

-

-

-

-

-

-

-

-

-

-

-

573,094

573,094

155,000

155,000

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Dividends paid

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payment of debt issuance costs

-

-

-

-

-

-

-

-

-

1,630

1,819

2,757

2,650

1,127

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payment of withholding taxes related to share-based compensation net share settlement

8,973

5,726

5,726

5,710

5,710

8,131

8,170

8,171

8,172

6,821

6,805

6,780

6,781

5,030

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net common stock issued under share-based compensation plans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Excess tax benefits related to share-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,113

2,568

2,568

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Effect of exchange rate changes on cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in financing activities

-306,121

-173,406

-195,841

-105,651

-180,769

-171,550

-108,229

-108,230

-308,403

-158,575

-214,278

-119,373

128,741

-157,078

-184,648

-279,949

-227,831

-81,199

2,113

2,568

2,568

-21,767

-21,767

-21,896

-39,254

1,130,725

1,130,725

1,130,854

1,095,105

-53,107

-102,650

-180,059

-178,721

-178,721

-130,178

-52,770

1,105,749

1,105,749

0

0

0

Net increase in cash and cash equivalents and restricted cash and cash equivalents

107,014

14,018

-95,243

33,289

85,024

55,187

16,296

63,986

-249,586

-55,559

-24,042

-173,066

177,176

-25,710

-109,793

85,204

17,275

-16,762

140,614

-126,830

-64,264

-134,810

-214,148

-228,864

-1,338,923

-694,933

-272,334

8,319

733,204

31,826

-136,210

-475,423

-209,728

-308,355

-1,299,487

-1,357,000

294,211

118,415

0

0

0