Fidelity national financial, inc. (FNF)
CashFlow / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10
Cash flows from operating activities:
Net (loss) earnings

813,000

1,076,000

778,000

759,000

743,000

635,000

825,000

763,000

811,000

794,000

791,000

785,000

689,000

692,000

612,000

581,000

545,000

561,000

811,000

759,000

692,000

519,000

197,000

207,000

249,000

411,000

483,000

622,000

624,000

612,000

634,000

475,900

411,900

379,000

336,500

343,400

400,800

375,600

0

0

0

Adjustments to reconcile net (loss) earnings to net cash provided by (used in) operating activities:
Depreciation and amortization

177,000

178,000

176,000

178,000

179,000

182,000

196,000

259,000

324,000

389,000

447,000

451,000

443,000

431,000

419,000

408,000

410,000

410,000

426,000

445,000

444,000

476,000

406,000

340,000

289,000

209,000

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

Equity in earnings of unconsolidated affiliates

9,000

15,000

13,000

12,000

10,000

5,000

9,000

5,000

2,000

-2,000

-9,000

-13,000

-12,000

-8,000

-6,000

-18,000

-13,000

-16,000

459,000

471,000

462,000

432,000

-49,000

-56,000

-54,000

-26,000

-23,000

-4,000

1,000

10,000

15,300

14,000

24,600

10,000

12,700

9,900

900

-1,200

0

0

0

Loss on sales of investments and other assets and asset impairments, net

-18,000

-10,000

-19,000

-27,000

-26,000

-18,000

5,000

1,000

-9,000

-16,000

-29,000

-26,000

2,000

-2,000

6,000

-10,000

-16,000

-13,000

-16,000

-5,000

-15,000

-13,000

-1,000

9,000

18,000

12,000

2,000

-5,000

-10,000

-3,000

-3,300

-4,800

-5,900

11,000

60,100

105,700

129,600

138,300

0

0

0

Non-cash lease costs

147,000

147,000

110,000

73,000

37,000

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating lease payments

150,000

149,000

112,000

75,000

37,000

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Impairment of assets

-

-

-

-

-

-

-

-

-

-

-

0

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Distributions from unconsolidated affiliates, return on investment

2,000

5,000

7,000

8,000

8,000

6,000

4,000

3,000

1,000

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-28,300

0

0

0

Gain on sale of business by FNFV Group

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Stock-based compensation cost

38,000

38,000

36,000

34,000

33,000

31,000

29,000

35,000

41,000

44,000

51,000

53,000

54,000

58,000

56,000

53,000

57,000

56,000

56,000

58,000

52,000

51,000

50,000

44,000

40,000

35,000

34,000

32,000

28,000

27,000

23,900

24,800

26,500

27,000

28,100

27,000

26,000

25,100

0

0

0

Change in valuation of equity and preferred securities, net

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Tax benefit associated with the exercise of stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

19,000

17,000

19,000

17,000

27,000

28,000

26,000

31,000

11,400

11,000

11,000

6,000

2,500

2,000

2,000

3,000

0

0

0

Changes in assets and liabilities, net of effects from acquisitions:
Net increase in pledged cash, pledged investments and secured trust deposits

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,000

1,000

-1,000

0

9,000

2,000

6,000

-2,000

-11,000

-11,000

6,000

0

1,300

9,800

-8,000

6,000

-2,300

-1,700

500

-10,600

0

0

0

Net decrease in trade receivables

28,000

36,000

69,000

15,000

-21,000

-15,000

-3,000

2,000

20,000

11,000

-23,000

13,000

9,000

14,000

-21,000

-41,000

-35,000

-7,000

26,000

44,000

3,000

22,000

39,000

31,000

53,000

0

14,000

-13,000

-11,000

12,000

5,600

32,500

15,400

-16,000

2,000

6,400

10,900

28,200

0

0

0

Net decrease (increase) in prepaid expenses and other assets

-45,000

54,000

52,000

12,000

45,000

-17,000

24,000

14,000

33,000

60,000

31,000

26,000

43,000

4,000

51,000

90,000

60,000

95,000

34,000

-4,000

11,000

23,000

12,000

56,000

31,000

3,000

-7,000

-40,000

-37,000

-49,000

20,000

21,500

1,200

5,000

-23,200

-30,700

-25,500

-25,100

0

0

0

Net decrease in accounts payable, accrued liabilities, deferred revenue and other

53,000

175,000

155,000

79,000

82,000

38,000

46,000

42,000

55,000

-31,000

27,000

70,000

-16,000

87,000

-1,000

-7,000

2,000

-2,000

29,000

51,000

-5,000

-119,000

-152,000

-194,000

-140,000

7,000

53,000

35,000

60,000

63,000

32,500

37,000

-35,900

-66,000

-59,800

-44,300

-5,600

36,900

0

0

0

Net increase (decrease) in reserve for title claim losses

35,000

21,000

3,000

-7,000

-2,000

-2,000

-4,000

-5,000

1,000

3,000

-107,000

-98,000

-111,000

-96,000

-3,000

-22,000

-17,000

-38,000

-33,000

-47,000

-86,000

-67,000

-243,000

-196,000

-127,000

-112,000

176,000

177,000

130,000

159,000

166,700

214,100

314,100

295,000

293,100

285,900

261,200

268,700

0

0

0

Net change in income taxes

-37,000

53,000

-4,000

45,000

-56,000

-83,000

-185,000

-291,000

-165,000

-133,000

22,000

91,000

58,000

-2,000

-24,000

-61,000

-3,000

37,000

190,000

245,000

252,000

198,000

-12,000

-13,000

-134,000

-62,000

19,000

-18,000

-55,000

-146,000

-202,600

-209,300

-147,900

-150,000

-133,900

-94,200

-179,000

-160,200

0

0

0

Net cash provided by (used in) operating activities

1,230,000

1,121,000

972,000

965,000

921,000

943,000

845,000

796,000

751,000

737,000

980,000

1,079,000

1,074,000

1,162,000

1,025,000

938,000

1,004,000

953,000

978,000

994,000

877,000

594,000

429,000

259,000

278,000

484,000

587,000

641,000

629,000

620,000

431,700

316,100

131,500

110,000

174,700

127,500

210,100

188,500

0

0

0

Cash flows from investing activities:
Proceeds from sales of investment securities

446,000

534,000

736,000

772,000

681,000

676,000

636,000

543,000

518,000

434,000

270,000

273,000

274,000

238,000

251,000

535,000

671,000

775,000

909,000

729,000

694,000

778,000

831,000

798,000

833,000

745,000

687,000

738,000

615,000

594,000

616,900

569,500

676,000

739,000

943,600

968,600

987,500

1,000,300

0

0

0

Proceeds from calls and maturities of investment securities

394,000

297,000

289,000

325,000

459,000

517,000

595,000

647,000

592,000

626,000

544,000

521,000

492,000

452,000

478,000

438,000

422,000

383,000

382,000

457,000

461,000

458,000

397,000

284,000

299,000

306,000

376,000

443,000

399,000

419,000

387,100

409,600

445,700

549,000

486,500

478,800

475,400

402,400

0

0

0

Proceeds from sales of property and equipment

13,000

4,000

1,000

0

0

21,000

23,000

25,000

25,000

4,000

0

0

0

-

-

-

-

2,000

17,000

17,000

17,000

5,000

3,000

3,000

3,000

1,000

0

0

0

2,000

-8,900

4,200

6,300

6,000

20,400

11,400

11,900

20,100

0

0

0

Fundings of Cannae Holdings Inc. note receivable

100,000

200,000

200,000

100,000

100,000

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Additions to property and equipment and capitalized software

102,000

96,000

96,000

91,000

85,000

83,000

73,000

100,000

123,000

149,000

192,000

198,000

286,000

290,000

299,000

318,000

248,000

241,000

238,000

230,000

217,000

210,000

173,000

151,000

151,000

145,000

152,000

129,000

98,000

79,000

56,100

45,600

38,100

36,000

48,600

54,000

56,900

53,900

0

0

0

Purchases of investment securities

845,000

867,000

1,120,000

1,252,000

1,352,000

1,313,000

1,217,000

1,039,000

858,000

659,000

406,000

401,000

422,000

589,000

652,000

873,000

1,017,000

1,092,000

1,291,000

1,195,000

1,238,000

1,196,000

1,042,000

953,000

927,000

882,000

1,005,000

1,211,000

1,117,000

1,146,000

1,069,800

1,007,800

1,169,800

1,299,000

1,429,300

1,639,800

1,585,200

1,394,300

0

0

0

Cash received (expended) as collateral on loaned securities, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Additions to capitalized software

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

Purchases of other long-term investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

27,000

36,000

53,000

71,000

71,000

73,000

69,000

81,000

97,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Net (purchases of) proceeds from sales and maturities of short-term investment securities

1,045,000

395,000

273,000

59,000

-134,000

185,000

-197,000

-111,000

165,000

-26,000

47,000

-151,000

-316,000

-547,000

-62,000

287,000

451,000

685,000

470,000

212,000

-209,000

161,000

-20,000

0

240,000

-36,000

-7,000

-41,000

-32,000

12,000

3,700

1,400

-5,700

-78,000

-25,300

-194,500

-296,300

-219,400

0

0

0

Additional investments in unconsolidated affiliates

42,000

34,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

20,000

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

Distributions from unconsolidated affiliates, return of investment

31,000

46,000

50,000

58,000

71,000

73,000

88,000

102,000

103,000

104,000

140,000

139,000

134,000

139,000

253,000

243,000

378,000

353,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net other investing activities

2,000

8,000

8,000

2,000

2,000

1,000

4,000

7,000

7,000

7,000

14,000

17,000

8,000

7,000

0

-2,000

2,000

11,000

16,000

14,000

18,000

10,000

0

0

0

-

-

-

-

-3,000

-1,800

-2,000

3,300

4,000

20,700

22,700

18,200

18,600

0

0

0

Acquisition of T-System Holding LLC, net of cash acquired

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,253,000

0

0

0

-

-

-

-

26,000

25,700

14,700

10,700

0

300

11,100

10,300

10,400

0

0

0

Acquisition of Title Guaranty of Hawaii, net of cash acquired

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

40,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Acquisition of BPG Holdings, LLC, net of cash acquired

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

43,000

43,000

43,000

3,000

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Acquisition of Compass and Prospective

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of Cascade Timberlands

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

56,000

56,000

56,000

56,000

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other acquisitions/disposals of businesses, net of cash acquired/disposed

-

-

-

-

-

30,000

-23,000

28,000

78,000

105,000

89,000

192,000

214,000

213,000

274,000

140,000

88,000

68,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash (used in) provided by investing activities

-1,053,000

-520,000

-473,000

-288,000

-228,000

-354,000

-141,000

-266,000

-177,000

79,000

279,000

308,000

-138,000

-191,000

-551,000

-675,000

-511,000

-681,000

-696,000

-448,000

-195,000

-2,720,000

-2,348,000

-2,377,000

-2,561,000

-60,000

-316,000

-261,000

-291,000

-310,000

35,700

41,300

72,100

164,000

-9,600

-80,300

247,700

326,700

0

0

0

Cash flows from financing activities:
Borrowings

-

-

-

-

-

-

-

-

-

785,000

808,000

804,000

164,000

132,000

108,000

113,000

1,297,000

1,360,000

1,433,000

1,589,000

438,000

1,764,000

1,695,000

1,546,000

1,445,000

341,000

374,000

748,000

832,000

679,000

634,000

735,000

650,000

500,000

700,000

250,000

550,300

600,300

0

0

0

Debt service payments

-

-

-

-

-

370,000

372,000

104,000

942,000

996,000

1,036,000

1,011,000

196,000

200,000

192,000

161,000

1,430,000

1,359,000

1,538,000

1,798,000

596,000

1,073,000

894,000

638,000

544,000

359,000

387,000

662,000

851,000

557,000

0

0

0

-

-

-

-

510,100

0

0

0

Purchase of additional share in consolidated subsidiaries

-

-

-

-

-

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Additional investment in noncontrolling interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,000

7,000

7,000

7,000

1,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payment for Debt Extinguishment or Debt Prepayment Cost

-

-

-

-

-

142,000

142,000

132,000

304,000

317,000

319,000

245,000

46,000

2,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of 35% of Black Knight Financial Services, LLC and ServiceLink, LLC to minority interest holder

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Debt issuance costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Dividends paid

349,000

344,000

336,000

333,000

331,000

328,000

320,000

306,000

292,000

278,000

272,000

260,000

249,000

239,000

227,000

229,000

225,000

220,000

217,000

210,000

207,000

203,000

194,000

179,000

165,000

153,000

144,000

139,000

135,000

128,000

119,000

114,000

108,500

105,000

119,500

134,200

148,800

156,600

0

0

0

Subsidiary dividends paid to non-controlling interest shareholders

11,000

11,000

11,000

11,000

11,000

10,000

9,000

9,000

9,000

9,000

10,000

10,000

9,000

9,000

8,000

7,000

7,000

6,000

7,000

43,000

48,000

50,000

49,000

17,000

17,000

17,000

20,000

16,000

17,000

12,000

8,800

8,000

1,500

4,000

7,700

7,100

7,200

7,400

0

0

0

Exercise of stock options

40,000

39,000

39,000

19,000

17,000

19,000

22,000

21,000

32,000

31,000

27,000

23,000

16,000

19,000

23,000

24,000

20,000

26,000

37,000

38,000

42,000

40,000

34,000

59,000

66,000

61,000

72,000

58,000

75,000

91,000

70,300

55,700

26,000

8,000

6,600

5,100

3,900

4,800

0

0

0

Net change in secured trust deposits

-117,000

31,000

-55,000

-15,000

116,000

8,000

88,000

-5,000

-77,000

30,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Distributions by Black Knight to member

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

19,000

17,000

19,000

17,000

27,000

28,000

26,000

31,000

11,400

11,000

11,000

6,000

2,500

2,000

2,000

3,000

0

0

0

Payment of contingent consideration for prior period acquisitions

22,000

21,000

19,000

20,000

15,000

13,000

14,000

15,000

14,000

16,000

15,000

14,000

9,000

4,000

4,000

1,000

1,000

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of treasury stock

157,000

86,000

101,000

66,000

38,000

20,000

0

0

0

-

-

-

-

276,000

375,000

447,000

403,000

498,000

376,000

254,000

193,000

2,000

0

0

0

34,000

50,000

69,000

72,000

38,000

21,800

77,800

74,800

86,000

165,700

96,000

116,800

117,600

0

0

0

Net cash used in financing activities

-410,000

-482,000

-391,000

-392,000

-530,000

-442,000

-514,000

-651,000

-916,000

-1,029,000

-784,000

-668,000

-470,000

-428,000

-624,000

-655,000

-239,000

-193,000

-322,000

-330,000

-675,000

1,060,000

1,804,000

1,978,000

1,978,000

340,000

-154,000

-82,000

-155,000

52,000

-42,100

-126,800

-25,800

-205,000

-57,500

-31,100

-178,700

-185,900

0

0

0

Net decrease in cash and cash equivalents

-233,000

119,000

108,000

285,000

163,000

147,000

190,000

-121,000

-342,000

-213,000

475,000

719,000

466,000

543,000

-150,000

-392,000

254,000

79,000

-40,000

216,000

7,000

-1,066,000

-115,000

-140,000

-305,000

764,000

117,000

298,000

183,000

362,000

425,300

230,600

177,800

69,000

107,600

16,100

279,100

329,300

0

0

0

Supplemental cash flow information:
Income taxes paid, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

Interest paid

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0