← NMI Holdings, Inc.

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 (Loss) Attributable to Parent $65.8m $22.1m $107.9m $172.0m $171.6m $231.1m $292.9m $322.1m $360.1m $388.9m
Net Income (Loss) Available to Common Stockholders, Basic $65.8m $22.1m $107.9m $172.0m $171.6m $231.1m $292.9m $322.1m $360.1m $388.9m
Depreciation, Depletion and Amortization $4.9m $6.7m $7.8m $9.3m $9.9m $11.2m $11.9m $11.5m $11.9m $11.3m
Depreciation, Amortization and Accretion, Net $5.7m $6.7m $7.8m $9.3m $9.9m $11.2m $11.9m $11.5m $11.9m $11.3m
Amortization of Debt Issuance Costs and Discounts $1.9m $1.5m $3.4m $1.0m $4.0m $1.9m $1.8m $2.0m $2.2m $2.4m
Deferred Policy Acquisition Costs, Amortization Expense $400k $5.8m $8.1m $8.4m $19.1m $22.8m $11.9m $3.6m $7.1m $7.7m
Deferred Income Tax Expense (Benefit) ($54.7m) $30.0m $26.4m $45.1m $46.5m $65.5m $84.4m $90.6m $80.7m $71.8m
Share-based Payment Arrangement, Noncash Expense $6.9m $9.5m $12.6m $13.0m $11.1m $16.7m $15.4m $16.9m $19.8m $20.2m
Payment, Tax Withholding, Share-based Payment Arrangement $755k $8.6m $9.7m $18.2m $9.0m $5.4m $5.2m $9.4m $10.2m $11.0m
Goodwill and Intangible Asset Impairment $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Goodwill, Impairment Loss — — — — — $0 $0 $0 $0 $0
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) — — — — — $0 $0 $0 $0 $0
Gain (Loss) on Extinguishment of Debt — — — — — — $0 $0 ($7.0m) $0
Income Tax Expense (Benefit) ($54.4m) $30.7m $28.0m $44.7m $46.5m $65.6m $84.4m $90.6m $103.3m $110.9m
Interest Expense Nonoperating — — — — — — — — $36.9m $28.5m
Operating Lease, Expense — — — $2.2m $2.3m $2.3m $2.0m $2.0m $2.1m $2.1m
Other Nonoperating Income (Expense) ($16.7m) ($17.6m) ($16.4m) — — — — — — —
Additional Financial Items
Debt Securities, Available-for-sale, Realized Gain (Loss) — — $57k $45k $930k $729k $481k ($33k) $23k $432k
Goodwill $3.2m $3.2m $3.2m $3.2m $3.2m $3.2m $3.2m $3.2m $3.2m $3.2m
Liability for Unpaid Claims and Claims Adjustment Expense, Incurred Claims $2.4m $5.3m $5.5m $12.5m $59.2m $12.3m ($3.6m) $21.9m $31.5m $56.8m
Gain (Loss) on Investments — — $57k $45k $930k $729k $481k ($33k) $23k $432k
Net Cash Provided by (Used in) Operating Activities $71.9m $67.8m $145.9m $208.2m $252.6m $325.7m $313.4m $342.7m $393.6m $419.3m
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment $11.5m $8.5m $8.1m $10.0m $12.2m $12.2m $10.6m $9.4m $6.9m $6.8m
Net Cash Provided by (Used in) Investing Activities ($79.8m) ($93.1m) ($220.7m) ($194.4m) ($629.6m) ($374.2m) ($289.8m) ($200.0m) ($339.3m) ($316.5m)
Cash flows from financing activities:
Proceeds from Issuance of Long-term Debt $0 $0 $149.2m $0 $400.0m — $0 — $419.7m $0
Repayments of Long-term Debt $1.5m $1.5m $147.4m $1.5m $147.8m — $0 — $405.1m $0
Proceeds from Issuance of Common Stock $532k $183k $79.2m $0 $219.7m $0 $0 $10.5m $4.3m $2.9m
Payments for Repurchase of Common Stock — — — — — — $56.6m $91.6m $97.6m $105.1m
Net Cash Provided by (Used in) Financing Activities ($1.7m) ($3.2m) $80.9m $2.0m $462.8m ($1.8m) ($55.8m) ($90.4m) ($96.7m) ($113.2m)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect ($9.6m) ($28.6m) $6.1m $15.8m $85.8m ($50.3m) ($32.2m) $52.3m ($42.4m) ($10.4m)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents ($9.6m) ($28.6m) $25.3m $41.1m $126.9m $76.6m $44.4m $96.7m $54.3m $43.9m
Supplemental disclosure of cash flow information:
Interest Paid, Excluding Capitalized Interest, Operating Activities $9.7m $13.4m $12.1m $10.7m $17.6m $29.5m $29.5m $29.5m $14.0m $31.4m
Income Taxes Paid, Net $200k $1.2m $867k ($64k) ($70k) $457k $20k ($20k) $20.0m $42.4m

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