First American Financial Corp FAF Cash Flow

First american financial corp (FAF)

CashFlow / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10
Cash flows from operating activities:
Net income
663,890	709,848	578,416	541,710	509,530	475,898	603,437	473,162	439,966	421,863	282,111	368,317	348,873	343,476	344,250	312,618	303,746	288,870	287,873	293,050	250,159	234,215	205,266	188,424	172,684	187,064	228,477	268,282	306,851	301,728	248,904	166,299	124,929	78,579	85,945	97,993	99,986	128,956	0	0	0
Adjustments to reconcile net income to cash provided by operating activities:
Provision for policy losses and other claims
465,805	446,040	447,763	445,276	449,765	452,633	453,110	451,263	448,602	450,410	455,823	472,489	483,891	488,601	494,015	496,126	496,636	491,092	475,834	456,098	461,694	450,023	438,351	433,913	504,213	530,356	539,185	530,442	427,065	397,717	389,486	395,454	377,302	420,136	399,364	373,637	379,405	320,874	0	0	0
Depreciation and amortization
127,536	129,021	130,930	130,940	129,114	125,927	124,295	128,566	127,653	128,053	124,434	112,925	106,774	99,047	93,112	89,693	87,162	85,596	85,107	88,162	86,479	85,597	83,654	78,081	76,493	74,916	75,147	75,022	75,286	74,950	74,849	75,438	75,849	76,889	78,262	78,235	79,488	80,642	0	0	0
Amortization of premiums and accretion of discounts on debt securities, net
-31,269	-26,781	-25,119	-24,912	-25,715	-26,994	-26,719	-27,996	-28,527	-31,211	-33,071	-31,909	-31,275	-28,325	-26,968	-27,440	-28,204	-28,403	-28,297	-26,657	-24,575	-24,579	-26,009	-26,877	-39,287	-26,782	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Excess tax benefits from share-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	3,415	4,227	4,246	6,545	9,526	9,302	9,446	8,408	6,856	6,456	6,348	6,090	6,202	7,139	7,316	6,012	2,372	1,089	810	682	1,145	0	0	0	-	-	-	-
Net realized investment losses (gains)
-31,040	66,404	-24,898	-15,261	-18,151	-56,487	11,446	-6,699	5,677	11,234	11,124	27,641	17,850	23,053	16,360	3,714	-488	-6,547	6,591	24,113	26,520	30,067	25,660	4,302	2,549	9,211	12,998	67,235	75,243	67,686	68,536	21,947	7,514	5,268	-3,695	-2,873	6,017	10,209	0	0	0
Net other-than-temporary impairment losses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,564	7,416	11,358	11,373	9,068	6,079	4,077	6,924	8,023	0	0	0
Share-based compensation
48,780	42,474	41,680	41,365	41,233	41,145	40,579	39,954	39,876	37,399	37,225	36,737	35,299	34,125	32,174	30,744	29,339	24,339	23,601	22,346	20,763	19,302	19,662	20,476	21,811	22,301	21,518	20,103	18,578	14,839	14,769	15,017	16,118	14,981	14,958	17,377	16,268	15,163	0	0	0
Equity in earnings of equity method investments, net
2,788	2,836	2,264	2,171	2,833	2,717	1,490	1,046	1,845	3,785	6,952	8,602	8,923	8,173	5,861	5,938	7,564	7,800	-9,903	-9,917	-13,384	-16,545	-4,856	-3,568	635	5,316	15,806	15,619	8,568	6,514	-1,335	-2,070	2,820	2,717	7,278	13,843	9,730	8,376	0	0	0
Dividends from equity method investments
6,485	5,628	5,567	5,467	4,649	4,909	4,909	7,295	8,276	11,083	11,663	11,836	10,912	10,023	9,995	7,410	9,891	9,601	8,543	7,471	7,230	5,002	8,498	9,886	9,543	11,552	12,244	12,208	11,475	11,585	9,274	8,936	13,917	11,991	15,279	14,376	8,097	8,257	0	0	0
Changes in assets and liabilities excluding effects of acquisitions and noncash transactions:
Claims paid, including assets acquired, net of recoveries
423,867	415,321	421,960	437,113	446,134	450,756	454,620	459,736	462,647	472,047	463,047	463,280	463,004	462,999	463,586	450,518	454,809	476,492	480,957	481,148	482,403	469,750	484,300	494,715	491,156	479,310	455,133	443,574	441,094	445,986	488,152	497,386	502,106	503,434	470,564	912,212	677,680	456,225	0	0	0
Net change in income tax accounts
-7,606	16,399	47,301	66,693	58,945	42,079	-124,980	-186,915	-154,669	-102,819	31,298	114,771	91,393	17,601	16,524	22,154	49,973	52,543	47,284	50,254	29,195	45,872	55,030	7,115	2,036	2,589	-13,591	44,938	46,427	64,486	105,848	79,483	71,764	21,856	27,520	8,305	5,975	60,290	0	0	0
(Increase) decrease in accounts and accrued income receivable
75,530	27,240	-3,657	-6,822	-2,314	-5,264	26,817	5,863	-17,205	-12,426	-21,530	3,482	7,929	10,017	18,737	11,462	8,251	7,477	18,953	19,472	14,387	9,950	3,523	-20,888	-15,851	-23,645	-8,061	7,479	9,384	29,398	16,206	19,858	-1,367	-5,367	4,890	-12,427	11,556	-4,730	0	0	0
Decrease in accounts payable and accrued liabilities
13,907	45,549	37,795	3,978	-7,037	15,303	20,494	160,474	169,025	127,683	165,821	-61,175	-43,620	-29,339	-56,024	2,041	12,344	36,679	52,330	32,983	19,893	-15,003	-14,107	-12,710	-4,920	5,318	13,628	41,555	15,533	83,979	67,967	52,308	-10,748	-13,478	-16,092	-4,708	-409	5,890	0	0	0
Increase in deferred revenue
8,037	10,343	7,547	4,958	3,672	2,741	4,603	6,621	7,672	10,238	18,505	20,107	20,926	21,534	16,812	10,369	7,348	5,519	15,602	14,395	10,719	10,333	11,755	12,758	14,712	20,102	16,010	14,975	14,573	14,844	12,695	12,662	10,179	10,907	3,267	-859	308	-1,802	0	0	0
Net change in due to CoreLogic, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	14,500	-8,588	-609	-11,392	0	0	0
Other, net
15,814	-7,193	-6,464	-7,924	-2,615	-2,742	2,675	3,160	7,277	-8,347	-7,416	-26,999	-35,361	-16,320	-17,710	8,049	42,022	23,429	12,062	8,581	-4,978	795	20,225	18,980	14,908	26,114	21,688	12,112	12,986	3,325	-1,556	1,831	-9,442	-1,925	-23,991	-9,976	-9,201	-13,266	0	0	0
Cash provided by operating activities
902,772	913,089	919,985	840,174	784,469	793,165	661,468	651,630	669,241	632,134	692,724	577,634	551,848	489,416	451,345	530,766	561,268	551,323	546,663	482,687	398,941	360,637	298,810	264,931	324,722	378,472	424,013	483,797	386,600	429,675	352,463	270,060	180,354	136,674	167,293	167,984	130,986	157,007	0	0	0
Net cash effect of acquisitions/dispositions
405,680	19,674	25,088	10,139	54,912	79,171	73,757	152,817	107,727	82,993	116,539	92,220	105,769	106,719	73,193	19,185	1,522	26,682	27,072	22,895	23,322	163,320	0	0	0	-	-	-	-	32,476	0	0	0	-	-	-	-	12,145	0	0	0
Net decrease (increase) in deposits with banks
2,612	-8,307	-2,850	1,850	-7,755	3,361	-17,028	-19,186	-15,863	-18,319	1,275	-146	195	712	-6,255	-6,383	-7,393	-4,392	3,794	7,426	6,954	4,211	7,123	6,910	5,073	4,747	33,914	8,801	12,467	2,522	-10,918	10,532	19,816	16,223	4,559	967	-26,146	16,092	0	0	0
Purchases of debt and equity securities
2,202,162	2,340,836	2,845,567	3,138,297	3,298,744	3,157,893	2,618,456	2,107,524	2,214,773	1,970,597	1,848,320	2,192,975	2,121,737	2,062,743	1,887,702	1,816,409	1,600,250	2,123,817	2,492,474	2,583,665	2,573,037	1,969,009	1,508,464	1,423,719	1,451,226	1,532,710	1,703,382	1,825,529	1,897,669	1,796,314	1,656,882	1,197,533	978,246	1,005,804	1,111,512	1,267,954	1,264,157	1,532,801	0	0	0
Proceeds from sales of debt and equity securities
1,081,115	1,331,192	1,819,873	1,729,125	1,749,417	1,501,402	1,224,948	1,134,909	1,175,274	1,163,765	835,794	970,757	858,752	731,146	682,355	546,659	449,588	630,914	744,488	885,812	1,041,091	928,386	740,672	721,294	611,983	621,255	626,848	763,794	1,005,526	954,626	1,034,329	911,757	699,102	672,095	582,434	491,082	589,546	699,342	0	0	0
Proceeds from maturities of debt securities
1,190,608	1,006,755	878,020	700,594	650,308	640,558	613,395	647,353	623,046	641,442	661,180	788,975	886,655	948,257	868,049	828,188	757,926	655,078	628,597	463,340	403,323	373,969	363,555	391,324	422,510	488,684	534,097	509,561	520,828	491,674	440,704	420,363	348,824	322,009	410,896	481,642	551,379	597,838	0	0	0
Investments in unconsolidated entities
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net change in other investments
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net increase in other investments
-	-	-	-	-	-	0	0	3,563	-	2,001	2,003	3,688	2,244	3,405	-1,086	-1,311	1,077	3,402	11,170	8,900	8,025	9,565	5,833	6,477	6,443	2,743	8,623	8,158	6,591	7,976	4,137	2,488	3,860	6,194	1,372	13,633	13,429	0	0	0
Advances under secured financing agreements
10,044,111	8,001,099	6,155,049	4,575,932	3,366,356	2,380,878	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Collections of secured financings receivable
9,691,591	7,789,951	5,889,540	4,471,014	3,308,478	2,374,329	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from notes receivable from CoreLogic
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Net paydowns on loans receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	23,926	23,314	25,869	22,287	33,597	35,239	34,724	38,665	31,839	76,059	62,024	48,927	35,869	-5,052	3,661	3,731	9,461	0	0	0
Capital expenditures
108,806	106,979	109,009	116,401	123,212	118,170	118,461	120,373	126,647	134,206	131,594	140,879	132,310	132,265	135,468	122,799	121,674	123,697	125,263	118,996	107,945	97,222	90,048	88,326	89,643	87,142	88,267	86,944	84,377	83,892	78,998	77,262	75,365	69,797	88,497	85,823	88,042	88,725	0	0	0
Proceeds from sales of property and equipment
14,776	647	1,065	1,111	1,627	2,630	1,765	2,588	10,984	9,977	9,884	9,446	433	9,220	9,260	9,278	21,697	17,099	0	0	0	-	-	-	-	5,807	5,743	11,830	11,824	7,767	9,407	7,771	9,652	9,345	9,158	4,611	8,331	8,832	0	0	0
Cash used for investing activities
-854,472	-452,232	-630,952	-1,020,006	-1,222,545	-1,220,624	-1,009,744	-639,359	-652,143	-387,168	-586,319	-655,039	-610,093	-610,148	-539,549	-581,737	-502,939	-974,420	-1,200,880	-1,277,859	-1,165,847	-836,692	-610,297	-532,107	-643,169	-465,156	-560,049	-593,766	-403,054	-417,663	-246,534	115,783	54,645	-13,653	-141,353	-354,600	-195,231	-275,335	0	0	0
Net change in deposits
-490,556	-448,752	-707,907	491,399	760,197	715,617	1,583,209	200,364	278,894	291,088	-252,702	-2,569	123,880	80,463	596,919	135,072	146,582	366,301	329,979	1,010,657	858,308	647,857	575,096	380,064	202,428	281,739	308,504	196,205	173,030	317,957	59,023	-124,530	-253,877	-389,320	-83,202	210,668	457,778	328,983	0	0	0
Borrowings under secured financing agreements
10,004,426	7,991,617	6,038,446	4,565,710	3,366,854	2,380,976	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayments of secured financings payable
9,690,416	7,789,518	5,891,464	4,471,717	3,308,970	2,374,426	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Borrowings under unsecured credit agreement
0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net proceeds from issuance of notes and contracts payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	594,477	300,552	300,784	150,049	249,144	349,095	489,095	689,107	440,065	361,065	224,065	24,053	24,185	6,300	6,332	210,647	213,462	0	0	0
Proceeds from issuance of note payable to The First American Corporation ("TFAC")
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Repayments of notes and contracts payable
165,496	165,569	165,463	165,518	5,283	5,294	5,526	5,564	5,642	5,543	5,554	5,502	5,466	5,171	4,902	4,950	5,149	5,244	167,319	171,257	323,023	325,110	163,047	160,920	10,089	168,205	309,640	447,902	648,301	510,544	373,746	241,523	43,351	23,117	24,363	31,222	32,729	40,958	0	0	0
Net activity related to noncontrolling interests
-1,417	-1,154	-912	-870	-915	-745	-950	-1,010	-1,011	-969	-989	-1,140	-1,138	-1,029	-1,040	-830	-830	-741	-729	-728	-713	-682	-752	-2,023	-2,466	-1,894	-8,457	-5,109	-4,652	-4,094	6,757	4,754	4,903	4,491	560	536	872	1,133	0	0	0
Repayment of debt to TFAC
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-
Excess tax benefits from share-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	3,415	4,227	4,246	6,545	9,526	9,302	9,446	8,408	6,856	6,456	6,348	6,090	6,202	7,139	7,316	6,012	2,372	1,089	810	682	1,145	1,245	1,165	926	1,080	0	0	0
Net payments in connection with share-based compensation
-4,085	-1,187	-2,291	-1,366	-2,979	-4,105	-5,136	-6,330	-3,927	2,732	3,053	1,989	-92	1,104	5,822	6,318	2,384	5,042	1,182	184	1,910	3,601	0	0	0	-	-	17,313	14,702	12,668	0	0	0	-	-	-	-	-	-	-	-
Purchase of subsidiary shares from/other decreases in noncontrolling interests
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,136	824	262	3,746	0	0	0
Sale of subsidiary shares to/other increases in noncontrolling interests
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	110	0	0	0
Repurchases of Company shares
65,785	2,066	0	0	0	-	-	-	0	-	-	-	-	454	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments of cash dividends
191,121	188,440	188,102	187,875	183,178	178,487	173,739	168,902	164,119	159,284	154,513	149,743	140,626	131,541	121,443	111,300	109,953	108,524	107,063	105,619	104,161	89,939	76,854	63,831	51,156	51,324	60,019	55,829	51,304	44,705	29,639	27,452	25,277	25,216	0	0	0	-	-	-	-
Cash provided by financing activities
-324,450	-445,069	-778,560	368,896	604,859	514,735	1,414,596	44,916	104,195	128,024	-410,487	3,313	137,366	106,787	639,129	28,102	39,125	266,360	359,326	1,036,425	885,206	837,060	645,152	418,614	234,768	252,792	235,477	175,336	175,538	213,719	16,033	-173,420	-302,856	-418,164	-130,321	159,445	313,886	217,241	0	0	0
Effect of exchange rate changes on cash
-10,917	3,042	-4,793	-3,609	-6,349	-7,373	-2,916	2,559	7,858	8,098	2,685	-958	-7,537	-7,238	-2,043	-4,977	32	-6,022	-14,552	-12,852	-10,323	-5,762	2,929	8,047	484	-1,800	-3,928	-6,150	-4,392	105	4,892	-4,505	-2,441	-2,854	0	0	0	-	-	-	-
Net decrease in cash and cash equivalents
-287,067	18,830	-494,320	185,455	160,434	79,903	1,063,404	59,746	129,151	381,088	-301,397	-75,050	71,584	-21,183	548,882	-27,846	97,486	-162,759	-309,443	228,401	107,977	355,243	336,594	159,485	-83,195	164,308	95,513	59,217	154,692	225,836	126,854	207,918	-70,298	-297,997	-111,875	-26,552	250,040	97,449	0	0	0
Supplemental information:
Interest
45,375	46,266	45,206	43,528	41,218	39,183	37,091	35,460	34,404	33,680	33,647	32,399	31,212	30,125	29,143	29,085	29,226	29,212	22,792	23,645	17,277	17,327	17,100	16,516	15,961	10,827	11,110	6,308	7,258	8,909	10,502	12,115	11,973	12,631	13,682	14,268	19,134	16,717	0	0	0
Premium taxes
68,972	68,276	67,359	63,056	64,002	68,526	67,948	67,973	66,923	66,785	66,588	66,818	66,390	65,506	65,835	63,664	61,552	57,367	56,102	55,366	57,662	58,148	56,883	57,541	56,824	54,629	53,235	52,548	51,241	45,375	42,751	38,734	42,021	38,136	41,010	43,544	42,549	41,060	0	0	0
Income tax refunds
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income taxes, less refunds of $71 and $548
179,423	178,743	110,427	78,191	90,117	91,745	170,985	185,360	168,759	126,208	54,172	32,352	45,044	116,309	149,394	125,350	93,703	89,062	103,587	97,174	96,336	72,028	53,581	107,932	111,072	120,313	205,005	117,077	88,528	87,324	-75,881	-51,358	-24,367	-23,862	30,262	53,269	57,679	21,771	0	0	0
Noncash investing and financing activities:
Net noncash contribution from TFAC as a result of Separation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,164	0	0	0	-	-	-	0