Ambac Financial Group Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Year	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Revenue	269	505	282	156	496	511	622	506.77	644.66	328.67
Revenue Growth (YoY)	-46.73%	79.08%	80.77%	-68.55%	-2.94%	-17.85%	22.74%	-21.39%	96.14%	-
Cost of Revenue	-33	-396	-88	225	13	-224	513	-11.49	-768.71	-545.57
Gross Profit	302	901	370	-69	483	735	109	518.26	1,413	874.24
Selling, General & Admin	185	159	126	92	103	112	122	114.29	102.7	101.47
Other Operating Expenses	40	50	56	57	295	107	151	174.61	684.07	152.04
Operating Expenses	225	209	182	149	398	219	273	288.89	786.77	253.52
Operating Income	77	692	188	-218	85	516	-164	229.37	626.6	620.73
Interest Expense / Income	64	168	187	222	269	242	120	124.34	116.54	127.48
Other Expense / Income	2	1	-	-	-	-81	1	-0.53	-0.71	-0.38
Pretax Income	11	523	1	-440	-184	355	-285	105.55	510.77	493.63
Income Tax	7	2	18	-3	32	5	44	30.71	17.36	9.56
Net Income	4	521	-17	-437	-216	350	-329	74.84	493.4	484.07
Preferred Dividends	0	-1	0	0	0	164	0	0	0	0
Net Income Common	4	522	-17	-437	-216	186	-329	74.84	493.4	484.07
Net Income Growth	-99.23%	-	-	-	-	-	-	-84.83%	1.93%	-
Shares Outstanding (Basic)	46	46	47	46	46	46	45	45	45	45
Shares Outstanding (Diluted)	47	46	47	46	46	47	45	-	-	-
Shares Change	0.27%	-0.26%	0.84%	0.42%	-1.30%	2.63%	0.55%	0.22%	0.04%	-
EPS (Basic)	0.18	11.48	-0.61	-9.47	-4.69	4.07	-7.25	1.66	10.92	10.73
EPS (Diluted)	0.18	11.31	-0.61	-9.47	-4.69	3.99	-7.25	1.64	10.72	10.31
EPS Growth	-98.41%	-	-	-	-	-	-	-84.70%	3.98%	-
Free Cash Flow	200	1,335	-131	-175	-311	-1,543	-221	830.31	91.81	-967.82
Free Cash Flow Per Share	4.38	29.20	-2.81	-3.79	-6.77	-33.79	-4.87	18.40	2.04	-21.50
Gross Margin	112.27%	178.42%	131.21%	-44.23%	97.38%	143.84%	17.52%	102.27%	219.24%	265.99%
Operating Margin	28.62%	137.03%	66.67%	-139.74%	17.14%	100.98%	-26.37%	45.26%	97.20%	188.86%
Profit Margin	1.49%	103.37%	-6.03%	-280.13%	-43.55%	36.40%	-52.89%	14.77%	76.54%	147.28%
Free Cash Flow Margin	74.35%	264.36%	-46.45%	-112.18%	-62.70%	-301.96%	-35.53%	163.84%	14.24%	-294.47%
Effective Tax Rate	63.64%	0.38%	1800.00%	-	-	1.41%	-	29.09%	3.40%	1.94%
EBITDA	106	740	245	-160	380	598	-164	231.12	630.52	624.69
EBITDA Margin	39.41%	146.53%	86.88%	-102.56%	76.61%	117.03%	-26.37%	45.61%	97.81%	190.06%
Depreciation & Amortization	31	49	57	58	295	1	1	1.22	3.22	3.58
EBIT	75	691	188	-218	85	597	-165	229.9	627.3	621.1
EBIT Margin	27.88%	136.83%	66.67%	-139.74%	17.14%	116.83%	-26.53%	45.36%	97.31%	188.97%

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).