FIDELITY NATIONAL FINANCIAL, INC. FNF Balance Sheet

Fidelity national financial, inc. (FNF)

Balance Sheet / Quarterly

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	Dec'09
ASSETS
Investments:
Fixed maturity securities available for sale, at fair value, at March 31, 2020 and December 31, 2019, net of allowance for credit losses of $11 and $0, respectively, and includes pledged fixed maturity securities of $423 and $410, respectively, related to secured trust deposits
2,057	2,090	2,092	2,054	2,089	1,998	1,856	1,781	1,782	1,816	2,154	2,182	2,279	2,407	2,476	2,550	2,641	2,558	2,661	2,826	3,005	3,025	3,022	3,092	3,086	2,959	3,114	3,101	3,121	3,140	3,204	3,213	3,185	3,200	3,542	3,521	3,482	3,494	3,678	3,339	3,524
Preferred stock available for sale, at fair value
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	194	187	151	151	147	166	229	217	203	122	103	71	78	58	50	0	-	-	-
Equity securities available for sale, at fair value
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	149	144	135	136	137	150	152	138	110	112	129	105	99	73	68	75	80	114	92
Investments in unconsolidated affiliates
148	131	139	139	128	137	152	144	155	150	558	574	578	150	620	635	598	521	682	703	748	770	297	316	315	357	360	384	381	392	366	512	552	546	575	569	553	527	513	501	617
Other long-term investments
93	153	149	145	140	135	138	136	135	110	55	62	68	42	103	103	107	106	104	110	178	172	175	208	178	162	155	158	139	104	100	96	77	77	78	128	135	132	108	99	103
Short-term investments, at March 31, 2020 and December 31, 2019 includes pledged short-term investments of $0 and $12, respectively, related to secured trust deposits
1,258	876	554	314	213	480	280	255	346	295	585	532	348	482	523	675	569	1,034	625	294	130	334	26	23	340	26	46	22	19	62	53	63	51	50	50	62	57	128	75	256	348
Total investments
4,488	4,384	3,902	3,629	3,493	3,549	3,423	3,277	3,411	3,371	4,130	4,114	4,020	3,782	4,475	4,696	4,575	4,853	4,687	4,522	4,541	4,669	3,863	3,970	4,205	3,791	3,959	3,981	4,041	4,053	4,038	4,120	4,099	4,051	4,423	4,413	4,346	4,358	4,456	4,310	4,685
Cash and cash equivalents, at March 31, 2020 and December 31, 2019 includes $306 and $384, respectively, of pledged cash related to secured trust deposits
890	1,376	1,530	1,605	1,123	1,257	1,422	1,320	960	1,110	1,232	1,441	1,302	1,049	1,061	1,134	1,083	780	1,018	1,383	710	700	1,195	1,126	539	1,969	1,293	1,285	948	1,132	1,077	908	728	665	601	567	530	580	458	618	202
Trade and notes receivables, net of allowance of $23 and $20 at March 31, 2020 and December 31, 2019, respectively
322	346	388	361	296	306	314	338	313	317	345	547	517	322	547	533	487	500	562	574	526	504	749	742	718	482	493	490	467	479	474	368	330	321	265	264	247	270	273	264	254
Advances to Affiliate
-	-	-	-	100	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Goodwill
2,726	2,727	2,726	2,725	2,727	2,726	2,719	2,764	2,747	2,746	2,784	5,007	5,085	2,555	5,047	4,863	4,766	4,756	4,731	4,740	4,712	4,721	4,957	4,917	4,709	1,901	1,894	1,883	1,883	1,908	1,887	1,568	1,461	1,452	1,471	1,472	1,471	1,470	1,473	1,442	1,455
Prepaid expenses and other assets
397	432	455	422	446	377	409	416	412	398	466	685	678	422	649	667	618	615	583	591	534	484	758	810	792	681	769	726	698	678	713	461	671	681	366	366	409	389	368	369	332
Lease assets
406	410	396	402	399	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Capitalized software, net
-	-	-	-	-	-	-	-	-	-	127	560	565	-	582	565	548	553	564	567	567	570	588	593	804	40	-	-	-	-	-	29	31	-	35	38	42	44	44	46	56
Other intangible assets, net
396	422	446	472	494	513	515	564	600	618	591	859	1,010	585	1,020	978	930	969	1,010	1,072	1,147	1,110	1,495	1,517	1,715	619	643	643	647	651	543	229	128	130	146	144	149	155	157	163	166
Title plants
404	404	405	405	405	405	405	398	398	398	398	395	395	395	395	395	395	395	394	393	393	393	395	395	395	370	374	374	374	374	379	386	386	386	390	390	390	390	403	404	407
Property and equipment, net
175	176	171	168	164	164	164	177	177	193	428	594	606	192	610	607	541	510	487	555	568	635	775	773	776	645	652	633	624	628	621	440	165	166	170	176	178	179	177	179	189
Assets of discontinued operations
-	-	-	-	-	-	-	-	-	-	0	-	-	5,219	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income taxes receivable
-	-	0	0	0	4	-	-	-	0	-	-	-	-	-	-	-	-	0	0	23	59	0	0	34	30	-	-	-	0	0	0	0	5	5	2	0	15	0	0	56
Deferred tax assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	34	32	66	116	128
Total assets
10,204	10,677	10,419	10,189	9,647	9,301	9,371	9,254	9,018	9,151	10,501	14,202	14,178	14,521	14,386	14,438	13,943	13,931	14,036	14,397	13,721	13,845	14,775	14,843	14,687	10,528	10,077	10,015	9,682	9,903	9,735	8,513	8,002	7,862	7,877	7,835	7,800	7,887	7,879	7,915	7,934
LIABILITIES AND EQUITY
Liabilities:
Accounts payable and accrued liabilities
864	1,094	1,011	925	799	956	893	912	796	955	1,050	1,294	1,218	933	1,306	1,258	1,180	1,283	1,308	1,313	1,206	1,308	1,568	1,523	1,474	1,302	1,297	1,287	1,212	1,308	1,215	857	744	862	614	602	617	702	652	614	696
Notes payable
839	838	838	838	837	836	836	734	748	759	890	2,438	2,722	987	2,754	2,785	2,742	2,793	2,811	2,829	2,906	2,803	3,240	3,343	3,344	1,323	1,348	1,345	1,354	1,344	1,350	952	1,066	915	1,015	951	952	952	802	752	861
Reserve for title claim losses
1,518	1,509	1,494	1,480	1,483	1,488	1,491	1,487	1,486	1,490	1,496	1,492	1,484	1,487	1,602	1,590	1,595	1,583	1,605	1,612	1,612	1,621	1,640	1,661	1,680	1,636	1,695	1,717	1,723	1,748	1,842	1,868	1,863	1,912	2,080	2,154	2,237	2,270	2,373	2,440	2,541
Secured trust deposits
826	791	890	912	709	-	835	897	825	830	923	892	748	860	922	1,102	840	701	684	784	-	622	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Liabilities of discontinued operations
-	-	-	-	-	-	-	-	-	-	0	-	-	2,638	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts payable to related parties
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6	4	6	-	4	5	7	8	5	8	6
Deferred revenue
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	126	127	120	121	132	122	110
Lease liabilities
439	442	422	428	419	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Secured trust deposits
-	-	-	-	-	822	-	108	-	-	-	-	-	-	-	-	-	-	-	-	667	-	722	701	507	588	644	653	468	528	528	561	433	419	477	444	400	388	434	507	373
Income taxes payable
53	10	5	49	55	0	44	15	164	137	85	190	132	4	73	91	46	45	66	82	-	0	9	18	-	-	28	46	47	103	21	16	20	-	-	-	14	-	0	51	-
Deferred tax liability
205	284	294	261	236	227	240	236	176	169	344	633	640	370	621	599	621	594	613	666	699	703	555	541	719	144	125	133	105	123	156	199	110	95	44	16	-	0	-	-	-
Total liabilities
4,744	4,968	4,954	4,893	4,538	4,329	4,339	4,281	4,195	4,340	4,788	6,939	6,944	7,279	7,278	7,425	7,024	6,999	7,087	7,286	7,090	7,057	7,734	7,787	7,724	4,993	5,137	5,181	4,909	5,154	5,119	4,460	4,243	4,206	4,364	4,303	4,349	4,443	4,401	4,497	4,589
Commitments and Contingencies:
-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Redeemable non-controlling interest by 21% minority holder of ServiceLink Holdings, LLC
344	344	344	344	344	344	344	344	344	344	344	344	344	344	344	344	344	344	344	344	724	715	698	687	687	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Equity:
FNF common stock, $0.0001 par value; authorized 600,000,000 shares as of March 31, 2020 and December 31, 2019; outstanding of 272,418,216 and 275,563,436 as of March 31, 2020 and December 31, 2019, respectively, and issued of 292,341,256 and 292,236,476 as of March 31, 2020 and December 31, 2019, respectively
0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Preferred stock, $0.0001 par value; authorized 50,000,000 shares; issued and outstanding, none
0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Additional paid-in capital
4,592	4,581	4,566	4,528	4,510	4,500	4,488	4,555	4,573	4,587	4,582	4,637	4,803	4,848	4,839	4,826	4,809	4,795	4,772	4,755	4,691	4,855	4,822	4,807	5,500	4,642	4,096	4,057	4,025	4,018	3,913	3,866	3,829	3,798	3,785	3,761	3,753	3,745	3,735	3,727	3,712
Retained earnings
1,204	1,356	1,107	942	762	641	681	529	360	217	1,289	2,016	1,788	1,784	1,629	1,530	1,390	1,374	1,294	1,300	1,183	1,150	1,130	1,089	1,024	1,089	1,065	1,005	902	849	734	532	416	373	226	179	125	110	20	-22	-102
Accumulated other comprehensive earnings
28	43	46	36	14	-13	-12	-13	-7	111	46	31	11	-13	2	-1	-31	-69	-65	-21	-5	2	32	59	37	37	11	10	60	59	55	8	20	-7	6	22	5	12	59	43	35
Less: Treasury stock,19,923,040 shares and 16,673,040 shares as of March 31, 2020 and December 31, 2019, respectively, at cost
692	598	580	544	516	498	468	468	468	468	647	643	623	623	595	546	441	346	209	87	19	13	0	0	707	707	692	692	692	658	568	534	532	532	527	452	452	440	357	352	319
Total Fidelity National Financial, Inc. shareholders’ equity
5,132	5,382	5,139	4,962	4,770	4,630	4,689	4,603	4,458	4,447	5,270	6,041	5,979	5,996	5,875	5,809	5,727	5,754	5,792	5,947	5,850	5,994	5,984	5,955	5,854	5,061	4,480	4,380	4,295	4,268	4,135	3,871	3,734	3,632	3,491	3,511	3,433	3,427	3,457	3,396	3,325
Non-controlling interests
-16	-17	-18	-10	-5	-2	-1	26	21	20	99	878	911	902	889	860	848	834	813	820	57	79	359	414	422	474	460	454	478	481	481	181	24	23	22	20	18	17	20	21	19
Total equity
5,116	5,365	5,121	4,952	4,765	4,628	4,688	4,629	4,479	4,467	5,369	6,919	6,890	6,898	6,764	6,669	6,575	6,588	6,605	6,767	5,907	6,073	6,343	6,369	6,276	5,535	4,940	4,834	4,773	4,749	4,616	4,052	3,758	3,655	3,513	3,532	3,451	3,444	3,478	3,417	3,344
Total liabilities, redeemable non-controlling interest and equity
10,204	10,677	10,419	10,189	9,647	9,301	9,371	9,254	9,018	9,151	10,501	14,202	14,178	14,521	14,386	14,438	13,943	13,931	14,036	14,397	13,721	13,845	14,775	14,843	14,687	10,528	10,077	10,015	9,682	9,903	9,735	8,513	8,002	7,862	7,877	7,835	7,800	7,887	7,879	7,915	7,934
Preferred securities
Securities, at fair value
304	323	284	287	288	301	308	291	316	319	321	323	322	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Equity securities
Securities, at fair value
628	811	684	690	635	498	689	670	677	681	457	441	425	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
FNF Common Stock
FNF common stock, $0.0001 par value; authorized 487,000,000 shares as of December 31, 2018 and 2017; outstanding of 275,373,834 and 274,431,737 as of December 31, 2018 and 2017, respectively; and issued of 289,601,523 and 287,718,304 as of December 31, 2018 and 2017, respectively
-	-	-	-	-	-	-	-	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
FNFV Group Common Stock
Common stock
-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-