Ambac Financial Group, Inc. (AMBC)

Ambac Financial Group Income Statement

Financials in millions USD. Fiscal year is January - December.

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	314	269	505	282	156	496
Revenue Growth (YoY)	-29.12%	-46.73%	79.08%	80.77%	-68.55%	-2.94%
Cost of Revenue	-52	-33	-396	-88	225	13
Gross Profit	366	302	901	370	-69	483
Selling, General & Admin	186	185	159	126	92	103
Other Operating Expenses	47	40	50	56	57	295
Operating Expenses	233	225	209	182	149	398
Operating Income	133	77	692	188	-218	85
Interest Expense / Income	64	64	168	187	222	269
Other Expense / Income	4	2	1	-	-	-
Pretax Income	65	11	523	1	-440	-184
Income Tax	8	7	2	18	-3	32
Net Income	57	4	521	-17	-437	-216
Preferred Dividends	-1	0	-1	0	0	0
Net Income Common	58	4	522	-17	-437	-216
Net Income Growth	-88.09%	-99.23%	-	-	-	-
Shares Outstanding (Basic)	46	46	46	47	46	46
Shares Outstanding (Diluted)	46	47	46	47	46	46
Shares Change	1.72%	0.27%	-0.26%	0.84%	0.42%	-1.30%
EPS (Basic)	1.35	0.18	11.48	-0.61	-9.47	-4.69
EPS (Diluted)	1.32	0.18	11.31	-0.61	-9.47	-4.69
EPS Growth	-87.57%	-98.41%	-	-	-	-
Free Cash Flow	141	200	1,335	-131	-175	-311
Free Cash Flow Per Share	3.08	4.38	29.20	-2.81	-3.79	-6.77
Gross Margin	116.56%	112.27%	178.42%	131.21%	-44.23%	97.38%
Operating Margin	42.36%	28.62%	137.03%	66.67%	-139.74%	17.14%
Profit Margin	18.47%	1.49%	103.37%	-6.03%	-280.13%	-43.55%
Free Cash Flow Margin	44.90%	74.35%	264.36%	-46.45%	-112.18%	-62.70%
Effective Tax Rate	12.31%	63.64%	0.38%	1800.00%	-	-
EBITDA	166	106	740	245	-160	380
EBITDA Margin	52.87%	39.41%	146.53%	86.88%	-102.56%	76.61%
Depreciation & Amortization	37	31	49	57	58	295
EBIT	129	75	691	188	-218	85
EBIT Margin	41.08%	27.88%	136.83%	66.67%	-139.74%	17.14%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).