NMI Holdings (NMIH) FY2016 results: revenue $124 million, up 131.0% on the year
NMI Holdings, Inc. (NMIH) reported revenue of $124 million for fiscal 2016, the year ended 31 December 2016, up 131.0% on the year before. Net income was $64 million, and diluted earnings per share $1.05. The figures are the company's own, from the 10-K it filed with the SEC on 17 February 2017.
Revenue
$124 million
+131.0% on the year
FY2012FY2016
Operating margin
22.8%
-51.6% a year earlier
FY2012FY2016
Net income
$64 million
FY2012FY2016
Diluted EPS
$1.05
FY2012FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
124
53.6
19.2
+131.0%
Operating income
28.2
-27.6
-54.3
Operating margin
22.8%
-51.6%
-282.4%
Interest expense
14.8
2.1
0.0
+621.8%
Pre-tax income
11.5
-27.8
-51.3
Income tax
-52.5
0.0
-2.4
Effective tax rate
-458.9%
n/a
n/a
Net income
64.0
-27.8
-48.9
Net margin
51.7%
-51.8%
-254.4%
Diluted EPS
$1.05
-$0.47
-$0.84
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
71.9
41.5
-21.0
+73.5%
Capital expenditure
11.5
6.1
8.2
+87.0%
Free cash flow
60.5
35.3
-29.2
+71.2%
Free cash flow margin
48.8%
65.9%
-151.8%
Cash from investing
-79.8
-230
68.1
Cash from financing
-1.7
143
-0.0
Depreciation and amortisation
4.9
3.2
5.8
+53.1%
Share-based compensation
6.9
8.2
9.2
-16.1%
Diluted shares, weighted
61m
59m
58m
+3.7%
Shares outstanding at period end
59m
n/a
n/a
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
476
403
427
+18.1%
Debt
144
144
0.0
+0.3%
Other liabilities
220
116
36.3
+90.0%
Total liabilities and equity
840
662
463
+26.8%
Fixed assets
20.4
15.2
11.8
+34.2%
Goodwill
3.2
3.2
3.2
0.0%
Securities held for sale or to maturity
629
559
337
+12.5%
Cash and equivalents
47.7
57.3
103
-16.7%
Other assets
140
27.5
8.7
+408.3%
Total assets
840
662
463
+26.8%
10-K for the year ended 31 December 2016, filed 17 February 2017: the filing.