Meadowbrook Insurance Revenue, Profits - MIG Annual Income Statement

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$8.64 $0.01 (0.12%) MIG stock closing price Jul 07, 2015 (Closing)

Financial statements provide us with a way to gain insights and undertake the fundamental analysis of a company. Checking Meadowbrook Insurance stock price alone is not sufficient. The key financial statements of a company are the income statement, the balance sheet and the cash flow statement. The income statement is always for an accounting period, typically for a year or quarter, and affects the stock. In this case, the MIG stock is bound to reflect the impact of the YOY decline of -6.15%. One also needs to look at Meadowbrook Insurance assets, operating expenses and Meadowbrook Insurance free cash flow. The Meadowbrook Insurance profit and loss statement shows revenue of $742.52M for 2014. Revenue has decreased by -6.15% YOY for MIG stock.

View revenue and profit details for latest and last 10 financial years.
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Quarterly
Annual
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Fiscal year is Jan - Dec2014201320122011201020092008
Meadowbrook Insurance Revenues or Net Sales
742.52M791.17M996.76M837.22M750.06M627.62M437.82M
Cost Of Goods Sold (COGS)657.07M774.54M951.75M744.99M626.68M498.72M345.04M
Meadowbrook Insurance Gross Profit
85.44M16.62M45.01M92.22M123.38M128.89M92.78M
Research & Development Expense-------
Selling General & Admin Expense38.42M29.78M28.03M25.17M28.16M39.41M35M
Income Before Depreciation Depletion Amortization47.02M-13.16M16.97M67.05M95.22M89.48M57.78M
Depreciation Depletion Amortization3.98M119.63M7.29M4.97M4.96M5.78M6.31M
Non Operating Income-------
Interest Expense13.89M12.95M8.42M8.34M9.45M10.59M7.68M
Meadowbrook Insurance Pretax Income
29.13M-145.74M1.25M53.73M80.8M73.1M43.79M
Provision for Income Taxes4.1M-30.96M-7.84M12.48M23.81M21.32M16.66M
MinorityInterest-------
Investment Gains Losses-------
Other Income3.63M2.47M2.65M2.36M2.73M--
Income Before Extraordinaries & Disc Operations28.65M-112.31M11.74M43.61M59.72M52.65M27.39M
Extraordinary Items & Discontinued Operations-------
Meadowbrook Insurance Profit/ Loss (Net Income)
28.65M-112.31M11.74M43.61M59.72M52.65M27.39M
Average Shares used to compute Diluted EPS50.06M49.87M50.18M52.4M54.29M57.41M45M
Average Shares used to compute Basic EPS50.06M49.87M50.18M52.4M54.29M57.41M45M
Income Before Nonrecurring Items21.55M-117.91M-28.4M40.91M58.22M53.52M38.62M
Income from Nonrecurring Items7.11M5.6M40.15M2.7M1.51M-0.87M-11.23M
Meadowbrook Insurance Earnings Per Share Basic Net
0.57-2.250.230.831.100.920.61
Meadowbrook Insurance Earnings Per Share Diluted Net
0.57-2.250.230.831.100.920.61
EPS Diluted Before Nonrecurring Items0.43-2.36-0.570.781.070.930.86
Preferred Dividends Acc Pd-------
Dividends Common-------
Dividend Per Share Common0.080.080.170.170.130.090.08
All figures in USD. M: Millions of USD, B: Billions of USD.
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It is very helpful to read a report on Meadowbrook Insurance stock analysis. An investor must check the following items in an income statement:

  • Revenue: The money received by selling of goods or services comes under this line item. A YoY growth - See: Meadowbrook Insurance revenue chart implies that the company is growing. It has not been the case with Meadowbrook Insurance. One must look at stocks with increasing revenues, and stay away from stocks whose revenues or sales are declining.
  • Bottom line: Most businesses like Meadowbrook Insurance try to grow their profits by growing their topline and by increasing their operating efficiency. A healthy bottom line growth implies a good investment.

The income statement is also called statement of revenue and expense. The MIG financials along with Meadowbrook Insurance historical stock prices provide a lot of details about the firm.