| 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 (loss) earnings | |||||||||||
1,076,000 | 635,000 | 794,000 | 692,000 | 561,000 | 519,000 | 411,000 | 612,000 | 379,000 | 375,600 | 224,500 | -183,200 |
Adjustments to reconcile net (loss) earnings to net cash provided by (used in) operating activities: | |||||||||||
Depreciation and amortization | |||||||||||
178,000 | 182,000 | 389,000 | 431,000 | 410,000 | 476,000 | 209,000 | - | - | - | - | 142,800 |
Equity in earnings of unconsolidated affiliates | |||||||||||
15,000 | 5,000 | -2,000 | -8,000 | -16,000 | 432,000 | -26,000 | 10,000 | 10,000 | -1,200 | -11,700 | -13,400 |
Depreciation and amortization including discontinued operations | |||||||||||
- | - | - | - | - | - | - | 132,000 | 76,000 | 90,400 | 127,600 | - |
Loss on sales of investments and other assets and asset impairments, net | |||||||||||
-10,000 | -18,000 | -16,000 | -2,000 | -13,000 | -13,000 | 12,000 | -3,000 | 11,000 | 138,300 | 23,100 | -22,200 |
Non-cash lease costs | |||||||||||
147,000 | 0 | 0 | - | - | - | - | - | - | - | - | - |
Operating lease payments | |||||||||||
149,000 | 0 | 0 | - | - | - | - | - | - | - | - | - |
Distributions from unconsolidated affiliates, return on investment | |||||||||||
5,000 | 6,000 | 0 | 0 | - | - | - | -23,000 | -21,000 | -28,300 | 3,600 | - |
Gain on sale of business by FNFV Group | |||||||||||
- | - | - | 0 | 0 | - | - | -73,000 | - | -98,400 | 0 | - |
Discontinued Operation, Gain (Loss) from Disposal of Discontinued Operation, before Income Tax | |||||||||||
0 | 4,000 | 0 | 0 | 12,000 | 0 | 0 | - | -139,000 | - | - | - |
Equity Securities, FV-NI, Valuation Gain (Loss) | |||||||||||
328,000 | -95,000 | 0 | 0 | - | - | - | - | - | - | - | - |
Business Combination, Bargain Purchase, Gain Recognized, Amount | |||||||||||
- | - | - | - | - | - | - | -48,000 | - | - | - | - |
Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Gain (Loss), Net | |||||||||||
- | - | - | - | - | - | - | -79,000 | - | - | - | - |
Stock-based compensation cost | |||||||||||
38,000 | 31,000 | 44,000 | 58,000 | 56,000 | 51,000 | 35,000 | 27,000 | 27,000 | 25,100 | 33,700 | 32,700 |
Tax benefit associated with the exercise of stock-based compensation | |||||||||||
- | - | - | - | - | - | 17,000 | 31,000 | 6,000 | 3,000 | 2,400 | 300 |
Changes in assets and liabilities, net of effects from acquisitions: | |||||||||||
Net increase in pledged cash, pledged investments and secured trust deposits | |||||||||||
- | - | - | - | - | 0 | -2,000 | 0 | 6,000 | -10,600 | -5,900 | 700 |
Net decrease in trade receivables | |||||||||||
36,000 | -15,000 | 11,000 | 14,000 | -7,000 | 22,000 | 0 | 12,000 | -16,000 | 28,200 | -48,600 | -27,600 |
Net decrease (increase) in prepaid expenses and other assets | |||||||||||
54,000 | -17,000 | 60,000 | 4,000 | 95,000 | 23,000 | 3,000 | -49,000 | 5,000 | -25,100 | -32,300 | 65,200 |
Net decrease in accounts payable, accrued liabilities, deferred revenue and other | |||||||||||
175,000 | 38,000 | -31,000 | 87,000 | -2,000 | -119,000 | 7,000 | 63,000 | -66,000 | 36,900 | -80,900 | -115,600 |
Net increase (decrease) in reserve for title claim losses | |||||||||||
21,000 | -2,000 | 3,000 | -96,000 | -38,000 | -67,000 | -112,000 | 159,000 | 295,000 | 268,700 | 135,900 | -202,900 |
Net change in income taxes | |||||||||||
53,000 | -83,000 | -133,000 | -2,000 | 37,000 | 198,000 | -62,000 | -146,000 | -150,000 | -160,200 | -138,300 | 72,000 |
Net cash provided by (used in) operating activities | |||||||||||
1,121,000 | 943,000 | 737,000 | 1,162,000 | 953,000 | 594,000 | 484,000 | 620,000 | 110,000 | 188,500 | 380,300 | 4,600 |
Cash flows from investing activities: | |||||||||||
Proceeds from sales of investment securities | |||||||||||
534,000 | 676,000 | 434,000 | 238,000 | 775,000 | 778,000 | 745,000 | 594,000 | 739,000 | 1,000,300 | 849,000 | 632,600 |
Proceeds from calls and maturities of investment securities | |||||||||||
297,000 | 517,000 | 626,000 | 452,000 | 383,000 | 458,000 | 306,000 | 419,000 | 549,000 | 402,400 | 341,100 | 292,100 |
Proceeds from sales of property and equipment | |||||||||||
4,000 | 21,000 | 4,000 | 6,000 | 2,000 | 5,000 | 1,000 | 2,000 | 6,000 | 20,100 | 53,800 | 3,700 |
Fundings of Cannae Holdings Inc. note receivable | |||||||||||
200,000 | 0 | 0 | - | - | - | - | - | - | - | - | - |
Proceeds from Collection of Notes Receivable | |||||||||||
0 | 0 | 21,000 | 36,000 | 14,000 | - | - | - | - | - | - | - |
Additions to property and equipment and capitalized software | |||||||||||
96,000 | 83,000 | 149,000 | 290,000 | 241,000 | 210,000 | 145,000 | 79,000 | 36,000 | 53,900 | 50,800 | 84,200 |
Purchases of investment securities | |||||||||||
867,000 | 1,313,000 | 659,000 | 589,000 | 1,092,000 | 1,196,000 | 882,000 | 1,146,000 | 1,299,000 | 1,394,300 | 1,838,500 | 570,700 |
Additions to capitalized software | |||||||||||
- | - | - | - | - | - | - | - | - | - | 7,100 | 17,100 |
Purchases of other long-term investments | |||||||||||
0 | 0 | 86,000 | 0 | 27,000 | 71,000 | 97,000 | 9,000 | 0 | 3,600 | 75,000 | - |
Net (purchases of) proceeds from sales and maturities of short-term investment securities | |||||||||||
395,000 | 185,000 | -26,000 | -547,000 | 685,000 | 161,000 | -36,000 | 12,000 | -78,000 | -219,400 | -369,800 | 185,600 |
Additional investments in unconsolidated affiliates | |||||||||||
34,000 | 62,000 | 78,000 | 166,000 | 97,000 | 0 | 20,000 | - | - | - | - | - |
Distributions from unconsolidated affiliates, return of investment | |||||||||||
46,000 | 73,000 | 104,000 | 139,000 | 353,000 | 49,000 | 25,000 | - | - | - | - | - |
Proceeds from repayments of Cannae Holdings Inc. note receivable | |||||||||||
200,000 | 0 | 0 | - | - | - | - | - | - | - | - | - |
Net other investing activities | |||||||||||
8,000 | 1,000 | 7,000 | 7,000 | 11,000 | 10,000 | 4,000 | -3,000 | 4,000 | 18,600 | 15,800 | 6,400 |
Proceeds from Divestiture of Businesses, Net of Cash Divested | |||||||||||
- | - | - | 0 | - | - | - | 120,000 | - | - | - | - |
Proceeds from the sale of business by FNFV Group | |||||||||||
- | - | - | 0 | 0 | - | - | 75,000 | 120,000 | 0 | - | - |
Acquisition of T-System Holding LLC, net of cash acquired | |||||||||||
0 | 0 | 202,000 | 0 | 0 | 2,253,000 | 0 | 26,000 | 0 | 10,400 | 47,900 | 143,200 |
Acquisition of Title Guaranty of Hawaii, net of cash acquired | |||||||||||
0 | 0 | 93,000 | 0 | 0 | 40,000 | 0 | 122,000 | - | - | - | - |
Payments to acquire business four, net of cash acquired | |||||||||||
- | - | - | 229,000 | 0 | - | - | 98,000 | - | - | - | - |
Acquisition of BPG Holdings, LLC, net of cash acquired | |||||||||||
- | - | - | - | 43,000 | 0 | 0 | 72,000 | - | - | - | - |
Proceeds from sale of Cascade Timberlands | |||||||||||
- | - | - | - | 56,000 | 0 | 0 | - | - | - | 49,200 | - |
Acquisition of Commissions, Inc., net of cash acquired | |||||||||||
- | - | - | 229,000 | 0 | - | - | 98,000 | - | - | - | - |
Proceeds from Sale of Equity Method Investments | |||||||||||
- | - | - | - | - | - | - | - | 32,000 | 193,600 | 0 | 53,900 |
Acquisition of eLynx Holdings, Inc., net of cash acquired | |||||||||||
- | - | - | 115,000 | 0 | - | - | -64,000 | - | - | - | - |
Acquisitions of Real Geeks, LLC and Sky Slope, Inc., net of cash acquired | |||||||||||
0 | 0 | 82,000 | 0 | 0 | - | - | - | - | - | - | - |
Other acquisitions/disposals of businesses, net of cash acquired/disposed | |||||||||||
1,000 | 30,000 | 105,000 | 213,000 | 68,000 | 69,000 | 25,000 | - | - | - | - | - |
Net cash (used in) provided by investing activities | |||||||||||
-520,000 | -354,000 | 79,000 | -191,000 | -681,000 | -2,720,000 | -60,000 | -310,000 | 164,000 | 326,700 | -368,600 | -24,900 |
Cash flows from financing activities: | |||||||||||
Equity offering | |||||||||||
- | - | - | - | - | - | 511,000 | - | - | - | 331,400 | - |
Borrowings | |||||||||||
0 | 442,000 | 785,000 | 132,000 | 1,360,000 | 1,764,000 | 341,000 | 679,000 | 500,000 | 600,300 | 147,000 | 380,400 |
Debt service payments | |||||||||||
0 | 370,000 | 996,000 | 200,000 | 1,359,000 | 1,073,000 | 359,000 | 557,000 | 516,000 | 510,100 | 398,400 | 263,500 |
Additional investment in noncontrolling interest | |||||||||||
3,000 | 0 | 0 | - | 6,000 | 1,000 | 14,000 | - | - | - | - | - |
Payment for Debt Extinguishment or Debt Prepayment Cost | |||||||||||
0 | 142,000 | 317,000 | 2,000 | - | - | - | 6,000 | - | - | - | - |
Black Knight treasury stock repurchases of BKFS stock | |||||||||||
0 | 0 | 47,000 | 0 | 0 | - | - | - | - | - | - | - |
Payment Due To Spin-off Transaction | |||||||||||
0 | 0 | 87,000 | 0 | 0 | - | - | - | - | - | - | - |
Payment Due to Spinoff Transaction, Two | |||||||||||
0 | 0 | 22,000 | 0 | - | - | - | - | - | - | - | - |
Debt issuance costs | |||||||||||
- | - | - | - | - | - | - | 8,000 | 8,000 | 2,300 | 0 | - |
Dividends paid | |||||||||||
344,000 | 328,000 | 278,000 | 239,000 | 220,000 | 203,000 | 153,000 | 128,000 | 105,000 | 156,600 | 135,800 | 223,100 |
Subsidiary dividends paid to non-controlling interest shareholders | |||||||||||
11,000 | 10,000 | 9,000 | 9,000 | 6,000 | 50,000 | 17,000 | 12,000 | 4,000 | 7,400 | 3,200 | 3,600 |
Exercise of stock options | |||||||||||
39,000 | 19,000 | 31,000 | 19,000 | 26,000 | 40,000 | 61,000 | 91,000 | 8,000 | 4,800 | 19,400 | 5,300 |
Proceeds from Black Knight IPO | |||||||||||
- | - | - | - | 475,000 | 0 | 0 | - | - | - | - | - |
Subsidiary equity repurchase | |||||||||||
- | - | - | - | 1,000 | 5,000 | 16,000 | - | - | - | - | - |
Net change in secured trust deposits | |||||||||||
31,000 | 8,000 | 30,000 | -160,000 | -79,000 | - | - | - | - | - | - | - |
Distributions by Black Knight to member | |||||||||||
- | - | - | - | - | - | 17,000 | 31,000 | 6,000 | 3,000 | 2,400 | 300 |
Payment of contingent consideration for prior period acquisitions | |||||||||||
21,000 | 13,000 | 16,000 | 4,000 | 0 | 0 | 0 | - | - | - | - | - |
Payment, Tax Withholding, Share-based Payment Arrangement | |||||||||||
15,000 | 9,000 | 18,000 | 9,000 | 13,000 | 11,000 | - | - | - | - | - | - |
Purchases of treasury stock | |||||||||||
86,000 | 20,000 | 23,000 | 276,000 | 498,000 | 2,000 | 34,000 | 38,000 | 86,000 | 117,600 | 74,900 | 45,900 |
Other financing activity | |||||||||||
-10,000 | -3,000 | -2,000 | 0 | - | - | - | - | - | - | - | - |
Net cash used in financing activities | |||||||||||
-482,000 | -442,000 | -1,029,000 | -428,000 | -193,000 | 1,060,000 | 340,000 | 52,000 | -205,000 | -185,900 | -112,100 | -150,100 |
Net decrease in cash and cash equivalents | |||||||||||
119,000 | 147,000 | -213,000 | 543,000 | 79,000 | -1,066,000 | 764,000 | 362,000 | 69,000 | 329,300 | -100,400 | -170,400 |
Digital Insurance | |||||||||||
Gain on sale of business by FNFV Group | |||||||||||
0 | 0 | 276,000 | - | - | - | - | - | - | - | - | - |
Proceeds from Divestiture of Businesses, Net of Cash Divested | |||||||||||
0 | 0 | 325,000 | - | - | - | - | - | - | - | - | - |
Pacific Union | |||||||||||
Proceeds from Divestiture of Businesses, Net of Cash Divested | |||||||||||
0 | 33,000 | 0 | - | - | - | - | - | - | - | - | - |