RADIAN GROUP INC
Income Statement
| Line Item | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.27B | $1.22B | $1.24B | $1.19B | $1.07B | $749.9M | $902.7M | $1.95B |
| Cost of Revenue | $98.1M | $104.6M | $114.2M | — | — | — | — | — |
| Gross Profit | $1.17B | $1.12B | $1.12B | — | — | — | — | — |
| Gross Margin | 92.3% | 91.4% | 90.8% | — | — | — | — | — |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | — | — | — | — | — | — | — | — |
| Operating Income | $745.7M | $409.5M | $564.8M | $528.9M | $497.6M | $-207.1M | $-444.2M | $368.5M |
| Operating Margin | 58.6% | 33.5% | 45.6% | 44.3% | 46.4% | -27.6% | -49.2% | 18.9% |
| Interest Expense | $61.5M | $62.8M | $81.1M | $91.1M | $90.5M | $74.6M | $51.8M | $61.4M |
| Pretax Income | $684.2M | $346.7M | $483.7M | $437.8M | $407.2M | $-173.3M | — | — |
| Income Tax Expense | $78.2M | $225.6M | $175.4M | $156.3M | $-852.4M | $-31.5M | $-48.3M | $66.4M |
| Net Income | $606.0M | $121.1M | $308.3M | $286.9M | $959.5M | $-197.0M | $-451.5M | $302.2M |
| Net Margin | 47.6% | 9.9% | 24.9% | 24.0% | 89.5% | -26.3% | -50.0% | 15.5% |
| EPS (Basic) | $2.83 | $0.56 | $1.46 | $1.44 | $5.20 | $-1.18 | $-3.41 | $2.28 |
| EPS (Diluted) | $2.77 | $0.55 | $1.37 | $1.22 | $4.16 | $-1.18 | $-3.41 | $2.26 |
| Shares Outstanding (Basic) | 214.3M | 215.3M | 211.8M | 199.9M | 184.6M | 166.4M | 132.5M | 132.4M |
| Shares Outstanding (Diluted) | 218.6M | 220.4M | 229.3M | 246.3M | 233.9M | 166.4M | 132.5M | 133.9M |
| Dividends Per Share | — | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 |