First American Financial Corp FAF Cash Flow

First american financial corp (FAF)

CashFlow / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09	Dec'08
Cash flows from operating activities:
Net income
709,848	475,898	421,863	343,476	288,870	234,215	187,064	301,728	78,579	128,956	134,277	-72,482
Adjustments to reconcile net income to cash provided by operating activities:
Provision for policy losses and other claims
446,040	452,633	450,410	488,601	491,092	450,023	530,356	397,717	420,136	320,874	346,714	509,563
Depreciation and amortization
129,021	125,927	128,053	99,047	85,596	85,597	74,916	74,950	76,889	80,642	84,212	95,242
Amortization of premiums and accretion of discounts on debt securities, net
-26,781	-26,994	-31,211	-28,325	-28,403	-24,579	-26,782	-17,264	-	-	-	-
Excess tax benefits from share-based compensation
-	-	-	3,415	9,526	6,856	6,202	2,372	1,145	1,080	439	-
Net realized investment losses (gains)
66,404	-56,487	11,234	23,053	-6,547	30,067	9,211	67,686	5,268	10,209	14,637	-58,219
Net other-than-temporary impairment losses
-	-	-	-	-	-	-	3,564	9,068	8,023	39,858	32,604
Share-based compensation
42,474	41,145	37,399	34,125	24,339	19,302	22,301	14,839	14,981	15,163	14,563	8,289
Equity in earnings of equity method investments, net
2,836	2,717	3,785	8,173	7,800	-16,545	5,316	6,514	2,717	8,376	10,877	2,642
Dividends from equity method investments
5,628	4,909	11,083	10,023	9,601	5,002	11,552	11,585	11,991	8,257	3,911	5,262
Changes in assets and liabilities excluding effects of acquisitions and noncash transactions:
Claims paid, including assets acquired, net of recoveries
415,321	450,756	472,047	462,999	476,492	469,750	479,310	445,986	503,434	456,225	452,187	-482,157
Net change in income tax accounts
16,399	42,079	-102,819	17,601	52,543	45,872	2,589	64,486	21,856	60,290	58,437	-36,337
(Increase) decrease in accounts and accrued income receivable
27,240	-5,264	-12,426	10,017	7,477	9,950	-23,645	29,398	-5,367	-4,730	-12,355	-4,821
Decrease in accounts payable and accrued liabilities
45,549	15,303	127,683	-29,339	36,679	-15,003	5,318	83,979	-13,478	5,890	52,620	-188,171
Increase in deferred revenue
10,343	2,741	10,238	21,534	5,519	10,333	20,102	14,844	10,907	-1,802	-3,317	-7,757
Net change in due to CoreLogic, net
-	-	-	-	-	-	-	-	-	-11,392	49,589	-
Other, net
-7,193	-2,742	-8,347	-16,320	23,429	795	26,114	3,325	-1,925	-13,266	81,492	180,703
Cash provided by operating activities
913,089	793,165	632,134	489,416	551,323	360,637	378,472	429,675	136,674	157,007	233,587	110,441
Net cash effect of acquisitions/dispositions
19,674	79,171	82,993	106,719	26,682	163,320	5,837	32,476	2,706	12,145	-22,350	32,801
Net decrease (increase) in deposits with banks
-8,307	3,361	-18,319	712	-4,392	4,211	4,747	2,522	16,223	16,092	113,974	-13,224
Purchases of debt and equity securities
2,340,836	3,157,893	1,970,597	2,062,743	2,123,817	1,969,009	1,532,710	1,796,314	1,005,804	1,532,801	939,229	886,974
Proceeds from sales of debt and equity securities
1,331,192	1,501,402	1,163,765	731,146	630,914	928,386	621,255	954,626	672,095	699,342	418,552	199,883
Proceeds from maturities of debt securities
1,006,755	640,558	641,442	948,257	655,078	373,969	488,684	491,674	322,009	597,838	478,870	197,834
Investments in unconsolidated entities
101,000	1,210	150	-	-	-	-	-	-	-	-	-
Net change in other investments
3,842	5,582	-3,913	-	-	-	-	-	-	-	-	-
Net increase in other investments
-	-	-	2,244	1,077	8,025	6,443	6,591	3,860	13,429	-30,717	-166,315
Advances under secured financing agreements
8,001,099	2,380,878	0	0	-	-	-	-	-	-	-	-
Collections of secured financings receivable
7,789,951	2,374,329	0	0	-	-	-	-	-	-	-	-
Proceeds from redemption of Company owned life insurance
-	-	-	-	-	-	-	-	-	19,602	-	-
Net proceeds from sale of loans receivable
-	-	-	-	-	42,284	-	-	-	-	-	-
Proceeds from notes receivable from CoreLogic
-	-	-	-	-	-	-	-	-	-	-	4,587
Origination and purchases of loans and participations
-	-	-	-	-	-	-	-	13,534	9,090	-23,729	-45,096
Net paydowns on loans receivable
-	-	-	-	-	23,926	33,597	31,839	35,869	9,461	13,524	10,155
Capital expenditures
106,979	118,170	134,206	132,265	123,697	97,222	87,142	83,892	69,797	88,725	42,304	88,630
Proceeds from sales of property and equipment
647	2,630	9,977	9,220	17,099	12,058	5,807	7,767	9,345	8,832	12,018	16,001
Proceeds from insurance settlement
960	0	0	-	-	-	-	-	-	-	-	-
Cash used for investing activities
-452,232	-1,220,624	-387,168	-610,148	-974,420	-836,692	-465,156	-417,663	-13,653	-275,335	-44,665	-810,772
Net change in deposits
-448,752	715,617	291,088	80,463	366,301	647,857	281,739	317,957	-389,320	328,983	-144,647	554,536
Borrowings under secured financing agreements
7,991,617	2,380,976	0	0	-	-	-	-	-	-	-	-
Repayments of secured financings payable
7,789,518	2,374,426	0	0	-	-	-	-	-	-	-	-
Borrowings under unsecured credit agreement
160,000	0	0	-	-	-	-	-	-	-	-	-
Net proceeds from issuance of notes and contracts payable
-	-	-	160,000	0	594,477	249,144	440,065	24,185	213,462	8,057	5,577
Proceeds from allocation of debt from TFAC
-	-	-	-	-	-	-	-	-	-	-	140,000
Repayments of notes and contracts payable
165,569	5,294	5,543	5,171	5,244	325,110	168,205	510,544	23,117	40,958	52,747	157,228
Net activity related to noncontrolling interests
-1,154	-745	-969	-1,029	-741	-682	-1,894	-4,094	4,491	1,133	9,378	11,344
Excess tax benefits from share-based compensation
-	-	-	3,415	9,526	6,856	6,202	2,372	1,145	1,080	439	-358
Net payments in connection with share-based compensation
-1,187	-4,105	2,732	1,104	5,042	3,601	1,736	12,668	-1,152	2,430	-	-
Purchase of subsidiary shares from/other decreases in noncontrolling interests
-	-	-	-	-	-	-	-	-	3,746	103,131	12,763
Sale of subsidiary shares to/other increases in noncontrolling interests
-	-	-	-	-	-	-	-	-	110	30,348	6,571
Repurchases of Company shares
2,066	18,801	0	454	0	0	64,606	-	2,502	-	-	-
Dividends paid to TFAC
-	-	-	-	-	-	-	-	-	-	83,000	-10,000
Payments of cash dividends
188,440	178,487	159,284	131,541	108,524	89,939	51,324	44,705	25,216	12,502	-	3,588
Cash distribution to TFAC upon separation
-	-	-	-	-	-	-	-	-	130,000	-	-
Cash provided by financing activities
-445,069	514,735	128,024	106,787	266,360	837,060	252,792	213,719	-418,164	217,241	-281,276	517,595
Effect of exchange rate changes on cash
3,042	-7,373	8,098	-7,238	-6,022	-5,762	-1,800	105	-2,854	-1,464	-	-
Net decrease in cash and cash equivalents
18,830	79,903	381,088	-21,183	-162,759	355,243	164,308	225,836	-297,997	97,449	-92,354	-182,736
Supplemental information:
Interest
46,266	39,183	33,680	30,125	29,212	17,327	10,827	8,909	12,631	16,717	10,876	17,050
Premium taxes
68,276	68,526	66,785	65,506	57,367	58,148	54,629	45,375	38,136	41,060	33,520	56,301
Income taxes, less refunds of $71 and $548
178,743	91,745	126,208	116,309	89,062	72,028	120,313	87,324	-23,862	21,771	25,036	-7,097
Noncash investing and financing activities:
Net noncash contribution from TFAC as a result of Separation
-	-	-	-	-	-	-	-	5,164	2,097	-52,342	217,642
Net noncash capital contribution from TFAC
-	-	-	-	-	-	-	-	-	26,570	-	-
Liabilities assumed in connection with acquisitions
-	-	-	-	-	-	-	-	-	-	-	4,096