NMI Holdings Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	395.33	388.93	360.11	322.11	292.9	231.13
Depreciation & Amortization	10.49	11.26	11.94	11.54	11.87	11.23
Stock-Based Compensation	20.71	20.19	19.81	16.91	15.43	16.68
Other Adjustments	68.67	69.67	88.78	93.07	90.37	72.81
Changes in Accrued Interest and Accounts Receivable	-9.63	-8.32	-8.95	-12.42	-11.57	-12.62
Changes in Accounts Payable	8.63	-2.17	16.45	10.39	1.39	16.91
Changes in Other Operating Activities	32.39	-60.25	-94.53	-98.92	-87	-10.42
Operating Cash Flow	448.51	419.3	393.6	342.68	313.39	325.72
Operating Cash Flow Growth	13.91%	6.53%	14.86%	9.35%	-3.78%	28.95%
Net Change in Securities and Investments	-235.58	-309.69	-332.38	-190.63	-279.21	-361.94
Capital Expenditures	-6.91	-6.78	-6.91	-9.37	-10.57	-12.24
Investing Cash Flow	-331.03	-316.47	-339.29	-200	-289.79	-374.18
Long-Term Debt Issued	-	-	419.71	-	-	-
Long-Term Debt Repaid	-	-	-405.08	-	-	-
Net Long-Term Debt Issued (Repaid)	-	-	14.63	-	-	-
Issuance of Common Stock	3.95	2.88	4.29	10.55	5.96	4.7
Repurchase of Common Stock	-133.32	-116.08	-107.83	-100.97	-61.79	-5.43
Net Common Stock Issued (Repurchased)	-129.37	-113.2	-103.54	-90.42	-55.83	-0.72
Other Financing Activities	-	-	-7.79	-	-	-1.11
Financing Cash Flow	-129.37	-113.2	-96.7	-90.42	-55.83	-1.83
Net Cash Flow	-11.89	-10.37	-42.38	52.26	-32.22	-50.29
Free Cash Flow	441.61	412.52	386.7	333.31	302.82	313.48
Free Cash Flow Growth	13.96%	6.68%	16.02%	10.07%	-3.40%	30.38%
FCF Margin	60.43%	58.39%	59.40%	57.57%	57.86%	64.63%
Free Cash Flow Per Share	5.68	5.22	4.76	3.97	3.52	3.61

SEC Filings: 10-K · 10-Q