← ASSURED GUARANTY LTD

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net Income From Continuing Operations — — — — — — $137.0m $761.0m $392.0m $543.0m
Net Income (Loss) Attributable to Parent $881.0m $730.0m $521.0m $402.0m $362.0m $389.0m $124.0m $739.0m $376.0m $503.0m
Net Income (Loss) Available to Common Stockholders, Basic $880.0m $729.0m $520.0m $401.0m $361.0m $389.0m $123.0m $733.0m $373.0m $499.0m
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest $881.0m $730.0m $521.0m $401.0m $368.0m $419.0m $137.0m $761.0m $392.0m $543.0m
Net Income (Loss) Attributable to Noncontrolling Interest $0 $0 $0 ($1.0m) $6.0m $30.0m $13.0m $22.0m $16.0m $40.0m
Amortization — — — $3.0m $13.0m $12.0m $11.0m $2.0m — —
Deferred Policy Acquisition Costs, Amortization Expense $18.0m $19.0m $16.0m $18.0m $16.0m $14.0m $14.0m $13.0m $20.0m $22.0m
Amortization Of Securities — — — — — — $5.0m ($37.0m) ($23.0m) ($62.0m)
Deferred Income Tax Expense (Benefit) $19.0m $250.0m $74.0m $65.0m $58.0m ($38.0m) ($3.0m) ($156.0m) ($4.0m) ($5.0m)
Deferred Other Tax Expense (Benefit) — — — — — — — — — ($22.0m)
Deferred Income Tax — — — — — — ($3.0m) ($156.0m) ($4.0m) ($5.0m)
Deferred Tax — — — — — — ($3.0m) ($156.0m) ($4.0m) ($5.0m)
Payment, Tax Withholding, Share-based Payment Arrangement — — — — — — — — $30.0m $34.0m
Goodwill and Intangible Asset Impairment — — — $0 $0 $0 $0 $0 — —
Operating Lease, Impairment Loss — — — — $13.0m — — $3.0m $2.0m —
Gain (Loss) on Extinguishment of Debt — — — — — ($175.0m) $0 $0 — —
Income (Loss) from Equity Method Investments — — — $4.0m $27.0m $94.0m ($39.0m) $28.0m $62.0m $102.0m
Income Tax Expense (Benefit) $136.0m $261.0m $59.0m $63.0m $45.0m $58.0m $11.0m ($93.0m) $96.0m $119.0m
Earnings (Loss)es From Equity Investments — — — — — — $39.0m ($28.0m) ($62.0m) ($102.0m)
Additional Financial Items
Debt Securities, Available-for-sale, Allowance for Credit Loss, Not Previously Recorded — — — — $1.0m $4.0m — — — —
Debt Securities Available For Sale Excluding Accrued Interest Allowance For Credit Loss Not Previously Recorded — — — — — — $7.0m $0 $4.0m $13.0m
Debt Securities, Realized Gain (Loss) — — — — $18.0m $15.0m ($56.0m) ($14.0m) $9.0m ($40.0m)
Foreign Currency Transaction Gain (Loss), before Tax — — — $24.0m $39.0m ($23.0m) ($112.0m) $53.0m ($27.0m) $96.0m
Foreign Currency Transaction Gain (Loss), Realized — — — ($15.0m) — $2.0m ($4.0m) ($1.0m) ($2.0m) $0
Goodwill — — — $117.0m $117.0m $117.0m $117.0m $0 — —
Proceeds from Contributed Capital — $0 $0 $0 — — — — — —
Proceeds from Contributions from Affiliates $0 $0 — $0 — — — — — —
Proceeds from Stock Options Exercised — $5.0m $6.0m — — — — — — —
Realized Investment Gains (Losses) ($29.0m) $40.0m ($32.0m) $22.0m $18.0m $15.0m ($56.0m) ($14.0m) $9.0m ($40.0m)
Unrealized Gain (Loss) on Derivatives $69.0m $121.0m $128.0m $21.0m $85.0m ($55.0m) ($9.0m) $112.0m $21.0m $13.0m
Beginning Cash Position — — — — — — $342.0m $207.0m $286.0m $128.0m
Cash Flow From Continuing Financing Activities — — — — — — $612.0m ($670.0m) ($983.0m) ($616.0m)
Cash Flow From Continuing Investing Activities — — — — — — $1.7b $286.0m $780.0m $641.0m
Change In Other Working Capital — — — — — — ($98.0m) ($40.0m) ($27.0m) $49.0m
Change In Receivables — — — — — — $74.0m ($157.0m) ($80.0m) ($18.0m)
Change In Working Capital — — — — — — ($1.3b) ($136.0m) ($247.0m) ($75.0m)
Changes In Account Receivables — — — — — — $74.0m ($157.0m) ($80.0m) ($18.0m)
Changes In Cash — — — — — — ($127.0m) $77.0m ($156.0m) $284.0m
End Cash Position — — — — — — $207.0m $286.0m $128.0m $419.0m
Financing Cash Flow — — — — — — $612.0m ($670.0m) ($983.0m) ($616.0m)
Free Cash Flow — — — — — — ($2.5b) $461.0m $47.0m $259.0m
Gain Loss On Investment Securities — — — — — — $56.0m $14.0m ($9.0m) $40.0m
Gain Loss On Sale Of Business — — — — — — $0 ($262.0m) $0 $0
Investing Cash Flow — — — — — — $1.7b $286.0m $780.0m $641.0m
Net Business Purchase And Sale — — — — — — ($25.0m) ($198.0m) ($119.0m) ($160.0m)
Operating Gains Losses — — — — — — $95.0m ($276.0m) ($71.0m) ($62.0m)
Other Non Cash Items — — — — — — ($1.5b) $279.0m ($71.0m) ($169.0m)
Purchase Of Business — — — — — — ($25.0m) ($198.0m) ($119.0m) ($160.0m)
Repurchase Of Capital Stock — — — — — — ($500.0m) ($199.0m) ($502.0m) ($500.0m)
Unrealized Gain Loss On Investment Securities — — — — — — $10.0m ($39.0m) ($42.0m) ($33.0m)
Derivative, Gain (Loss) on Derivative, Net $98.0m $111.0m $112.0m ($6.0m) $81.0m ($58.0m) ($11.0m) $114.0m $24.0m $121.0m
Net Cash Provided by (Used in) Operating Activities ($141.0m) $433.0m $462.0m ($509.0m) ($853.0m) ($1.9b) ($2.5b) $461.0m $47.0m $259.0m
Cash flows from investing activities:
Payments to Acquire Businesses, Net of Cash Acquired $0 ($95.0m) $0 $145.0m $0 $0 — — — —
Net Investment Purchase And Sale — — — — — — $1.7b $312.0m $884.0m $720.0m
Purchase Of Investment — — — — — — ($434.0m) ($1.4b) ($1.4b) ($1.6b)
Sale Of Investment — — — — — — $2.1b $1.7b $2.2b $2.3b
Payments for (Proceeds from) Other Investing Activities $9.0m ($59.0m) ($17.0m) $3.0m ($1.0m) $6.0m $3.0m $3.0m $8.0m ($12.0m)
Net Other Investing Changes — — — — — — $81.0m $172.0m $15.0m $81.0m
Net Cash Provided by (Used in) Investing Activities $1.1b $345.0m $297.0m $1.2b $788.0m $23.0m $1.7b $286.0m $780.0m $641.0m
Cash flows from financing activities:
Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale $1.2b $821.0m $962.0m $781.0m $878.0m $1.1b $682.0m $746.0m $853.0m $1.3b
Proceeds from Issuance of Long-term Debt $0 — — $482.0m — $889.0m — — — —
Issuance Of Debt — — — — — — $2.4b $345.0m $0 $0
Long Term Debt Issuance — — — — — — $2.4b $345.0m $0 $0
Net Issuance Payments Of Debt — — — — — — $1.2b ($151.0m) $0 $0
Net Long Term Debt Issuance — — — — — $2.5b $1.2b ($151.0m) — —
Net Short Term Debt Issuance — — — — — $0 $41.0m ($4.0m) $0 —
Repayments of Long-term Debt $2.0m $30.0m $101.0m $4.0m $22.0m $620.0m $2.0m $330.0m $0 $0
Long Term Debt Payments — — — — — — ($1.2b) ($496.0m) $0 $0
Repayment Of Debt — — — — — — ($1.2b) ($496.0m) $0 $0
Net Common Stock Issuance — — — — — — ($500.0m) ($199.0m) ($502.0m) ($500.0m)
Payments for Repurchase of Common Stock $306.0m $501.0m $500.0m $500.0m $446.0m $496.0m $500.0m $199.0m $502.0m $500.0m
Payments of Ordinary Dividends, Common Stock $69.0m $70.0m $71.0m $74.0m $69.0m $66.0m $64.0m $67.0m $68.0m $68.0m
Common Stock Payments — — — — — — ($500.0m) ($199.0m) ($502.0m) ($500.0m)
Dividends Payable $0 — $0 $0 — — — — — —
Cash Dividends Paid — — — — — — ($64.0m) ($67.0m) ($68.0m) ($68.0m)
Common Stock Dividend Paid — — — — — ($66.0m) ($64.0m) ($67.0m) ($68.0m) —
Dividend Received CFO — — — — — — $10.0m $7.0m $47.0m $56.0m
Proceeds from (Payments for) Other Financing Activities — — — ($15.0m) ($10.0m) $26.0m ($6.0m) ($19.0m) $2.0m $2.0m
Net Other Financing Charges — — — — — — ($57.0m) ($253.0m) ($413.0m) ($48.0m)
Net Cash Provided by (Used in) Financing Activities ($978.0m) ($766.0m) ($795.0m) ($584.0m) $183.0m $2.0b $612.0m ($670.0m) ($983.0m) ($616.0m)
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — — — — — — ($8.0m) $2.0m ($2.0m) $7.0m
Effect Of Exchange Rate Changes — — — — — — ($8.0m) $2.0m ($2.0m) $7.0m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect — — — $79.0m $115.0m $44.0m ($135.0m) $79.0m ($158.0m) $291.0m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — — — $183.0m $298.0m $342.0m $207.0m $286.0m $128.0m $419.0m
Supplemental disclosure of cash flow information:
Change In Cash Supplemental As Reported — — — — — — ($135.0m) $79.0m ($158.0m) $291.0m
Interest Paid, Excluding Capitalized Interest, Operating Activities $95.0m $77.0m $99.0m $84.0m $81.0m $80.0m $77.0m $77.0m $88.0m $85.0m
Income Taxes Paid, Net $74.0m $10.0m ($4.0m) $4.0m ($25.0m) $24.0m $105.0m $4.0m $90.0m $51.0m

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.