Mgic Investment (MTG) FY2012 results: revenue $1.4 billion, down 8.4% on the year
Mgic Investment Corp. (MTG) reported revenue of $1.4 billion for fiscal 2012, the year ended 31 December 2012, down 8.4% on the year before. Net income was -$927 million, and diluted earnings per share $-4.59. The figures are the company's own, from the 10-K it filed with the SEC on 1 March 2013.
Revenue
$1.4 billion
-8.4% on the year
FY2008FY2012
Operating margin
-67.4%
-32.2% a year earlier
FY2008FY2012
Net income
-$927 million
FY2008FY2012
Diluted EPS
-$4.59
FY2008FY2012
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Revenue
1,378
1,504
1,521
-8.4%
Operating income
-929
-484
-359
Operating margin
-67.4%
-32.2%
-23.6%
Interest expense
99.3
103
98.6
-3.8%
Pre-tax income
-929
-484
-359
Income tax
-1.6
1.6
4.3
Net income
-927
-486
-364
Net margin
-67.3%
-32.3%
-23.9%
Diluted EPS
-$4.59
-$2.42
-$2.06
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Operating cash flow
-1,569
-1,884
-875
Cash from investing
1,654
1,754
-112
-5.7%
Cash from financing
-53.1
-179
1,106
Depreciation and amortisation
100
84.8
60.9
+18.0%
Share-based compensation
8.6
12.1
13.7
-28.9%
Dividends paid
0.0
0.0
0.0
Dividend per share
$0.00
$0.00
$0.00
Diluted shares, weighted
202m
201m
176m
+0.4%
Shares outstanding at period end
202m
201m
200m
+0.4%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
197
1,197
1,669
-83.5%
Other liabilities
5,377
6,019
7,665
-10.7%
Total liabilities and equity
5,574
7,216
9,334
-22.8%
Fixed assets
27.2
28.1
28.6
-3.4%
Securities held for sale or to maturity
4,227
5,821
7,455
-27.4%
Cash and equivalents
1,028
996
1,304
+3.2%
Other assets
292
371
546
-21.3%
Total assets
5,574
7,216
9,334
-22.8%
10-K for the year ended 31 December 2012, filed 1 March 2013: the filing.