NMI Holdings (NMIH) FY2022 results: revenue $523 million, up 7.9% on the year
NMI Holdings, Inc. (NMIH) reported revenue of $523 million for fiscal 2022, the year ended 31 December 2022, up 7.9% on the year before. Net income was $293 million, up 26.7%, and diluted earnings per share $3.39. The figures are the company's own, from the 10-K it filed with the SEC on 15 February 2023.
Revenue
$523 million
+7.9% on the year
FY2015FY2022
Operating margin
72.1%
61.2% a year earlier
FY2015FY2022
Net income
$293 million
+26.7% on the year
FY2015FY2022
Diluted EPS
$3.39
+27.9% on the year
FY2015FY2022
this yearthe year beforeHover a bar for its figure.
$ 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
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
313
326
253
-3.8%
Capital expenditure
10.6
12.2
12.2
-13.6%
Free cash flow
303
313
240
-3.4%
Free cash flow margin
57.9%
64.6%
55.5%
Cash from investing
-290
-374
-630
Cash from financing
-55.8
-1.8
463
Depreciation and amortisation
11.9
11.2
9.9
+6.2%
Share-based compensation
15.4
16.7
11.1
-7.5%
Buybacks
56.6
0.0
0.0
Diluted shares, weighted
86m
87m
79m
-1.0%
Shares outstanding at period end
84m
86m
85m
-2.6%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
1,614
1,566
1,370
+3.1%
Debt
396
395
393
+0.4%
Other liabilities
506
490
404
+3.3%
Total liabilities and equity
2,516
2,451
2,167
+2.7%
Fixed assets
31.9
32.0
29.7
-0.4%
Goodwill
3.2
3.2
3.2
0.0%
Securities held for sale or to maturity
2,099
2,086
1,804
+0.6%
Cash and equivalents
44.4
76.6
127
-42.0%
Other assets
337
253
203
+33.4%
Total assets
2,516
2,451
2,167
+2.7%
10-K for the year ended 31 December 2022, filed 15 February 2023: the filing.