MGIC Investment Corporation
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $738.3M | $763.0M | $712.9M | $865.3M | $635.0M | $446.1M | $673.8M | $670.1M |
| Depreciation & Amortization | $6.9M | $18.4M | $35.2M | $54.3M | $66.0M | $57.8M | $48.8M | $58.2M |
| Depreciation | $3.3M | $4.2M | $4.6M | $4.9M | $5.6M | $6.3M | $6.5M | $6.0M |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | $24.4M | $31.3M | $31.6M | $24.8M | $17.1M | $13.8M | — | — |
| Net Cash from Operating Activities | $852.8M | $725.0M | $713.0M | $650.0M | $696.3M | $732.3M | $609.5M | $544.5M |
| Investing Activities | ||||||||
| Capital Expenditures | $1.0M | $1.2M | $2.0M | $3.3M | $4.1M | $3.3M | $5.6M | $14.2M |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $228.4M | $-142.0M | $-179.2M | $410.5M | $-160.7M | $-772.5M | $-422.1M | $-317.8M |
| Financing Activities | ||||||||
| Dividends Paid | $132.5M | $130.5M | $123.0M | $110.9M | $94.2M | $82.1M | $41.9M | $0 |
| Stock Repurchases | $788.6M | $569.5M | $337.2M | $385.6M | $290.8M | $120.0M | $125.8M | $163.4M |
| Net Cash from Financing Activities | $-940.3M | $-719.0M | $-496.0M | $-1.03B | $-527.3M | $167.8M | $-173.4M | $-171.6M |
| Net Change in Cash | — | — | — | — | — | — | — | — |
| Free Cash Flow | $851.8M | $723.9M | $711.0M | $646.8M | $692.2M | $729.0M | $603.9M | $530.3M |