FIDELITY NATIONAL FINANCIAL, INC. FNF Income Statement

Fidelity national financial, inc. (FNF)

Income statement / 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	Mar'10	Sep'09	Jun'09
Revenues:
Direct title insurance premiums
546,000	656,000	660,000	625,000	440,000	576,000	574,000	599,000	472,000	572,000	558,000	575,000	465,000	579,000	556,000	540,000	422,000	521,000	524,000	547,000	417,000	478,000	465,000	433,000	351,000	423,000	472,000	492,000	413,000	516,000	436,000	426,000	354,000	372,900	374,000	357,200	322,900	420,900	357,600	344,600	281,400	379,400	409,100
Agency title insurance premiums
732,000	828,000	827,000	754,000	552,000	672,000	722,000	732,000	564,000	695,000	719,000	726,000	583,000	692,000	713,000	691,000	530,000	592,000	647,000	597,000	441,000	494,000	528,000	518,000	404,000	573,000	630,000	625,000	524,000	600,000	569,000	518,000	414,000	496,000	426,000	484,700	423,300	654,400	545,700	552,800	483,800	603,600	634,800
Escrow, title-related and other fees
601,000	692,000	693,000	665,000	534,000	537,000	695,000	765,000	618,000	668,000	678,000	720,000	571,000	30,000	700,000	907,000	779,000	-271,000	852,000	857,000	808,000	707,000	736,000	715,000	646,000	376,000	437,000	489,000	435,000	439,000	428,000	427,000	382,000	334,800	371,900	353,800	332,500	415,000	355,400	336,500	294,500	337,600	369,000
Auto parts revenue
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	266,000	284,000	284,000	-	143,000	0	0	-	0	-	-	-	-	-	-	-	-
Restaurant revenue
-	-	-	-	-	-	-	-	-	-	-	-	-	-	273,000	292,000	293,000	-	349,000	371,000	364,000	381,000	343,000	358,000	354,000	371,000	336,000	347,000	354,000	357,000	298,000	253,000	0	-	0	0	-	-	-	-	-	-	-
Specialty insurance
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	41,100	101,000	86,300	99,300	93,900
Interest and investment income
53,000	55,000	57,000	59,000	54,000	52,000	44,000	43,000	38,000	38,000	32,000	33,000	28,000	30,000	29,000	37,000	30,000	28,000	30,000	32,000	31,000	33,000	28,000	36,000	29,000	28,000	29,000	37,000	33,000	34,000	36,000	37,000	36,000	36,000	36,000	37,300	33,700	26,400	33,400	36,400	38,800	36,700	39,500
Realized gains and losses, net
-320,000	131,000	4,000	41,000	142,000	-144,000	50,000	-16,000	1,000	2,000	-1,000	5,000	-4,000	-13,000	-4,000	15,000	-6,000	30,000	-10,000	-9,000	0	-7,000	-7,000	-1,000	2,000	9,000	4,000	5,000	-2,000	-85,000	123,000	66,000	4,000	-6,400	-6,800	700	19,500	42,800	40,100	124,200	28,600	10,600	13,200
Total revenues
1,612,000	2,362,000	2,241,000	2,144,000	1,722,000	1,693,000	2,085,000	2,123,000	1,693,000	1,975,000	1,986,000	2,059,000	1,643,000	460,000	2,267,000	2,482,000	2,048,000	-184,000	2,392,000	2,395,000	2,061,000	2,086,000	2,093,000	2,059,000	1,786,000	946,000	2,174,000	2,279,000	2,041,000	1,718,000	2,033,000	1,727,000	1,190,000	1,233,300	1,201,100	1,233,700	1,131,900	1,331,100	1,373,300	1,495,500	1,213,400	1,467,200	1,559,500
Expenses:
Personnel costs
614,000	717,000	702,000	685,000	592,000	612,000	654,000	665,000	607,000	638,000	627,000	626,000	569,000	286,000	630,000	707,000	652,000	144,000	680,000	690,000	623,000	642,000	626,000	623,000	649,000	450,000	546,000	546,000	519,000	509,000	470,000	447,000	408,000	398,200	397,000	389,200	383,600	408,500	401,700	397,700	370,700	410,500	428,700
Agent commissions
560,000	628,000	630,000	579,000	421,000	513,000	554,000	561,000	431,000	532,000	553,000	558,000	446,000	525,000	545,000	526,000	402,000	452,000	495,000	451,000	333,000	373,000	396,000	395,000	307,000	437,000	482,000	473,000	397,000	456,000	432,000	396,000	316,000	377,900	326,300	379,100	327,700	510,900	427,500	435,900	384,400	480,800	504,200
Other operating expenses
411,000	455,000	473,000	409,000	344,000	395,000	477,000	506,000	423,000	469,000	444,000	479,000	389,000	259,000	464,000	493,000	432,000	133,000	476,000	482,000	466,000	407,000	411,000	407,000	418,000	253,000	329,000	366,000	325,000	332,000	331,000	331,000	275,000	258,400	280,300	266,600	258,700	237,800	291,800	316,900	299,000	343,900	353,600
Cost of auto parts revenue, includes $18 of depreciation and amortization for the three months ended June 30, 2014 and 2013, respectively, and $32 and $36 for the six months ended June 30, 2014 and 2013, respectively
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	223,000	241,000	240,000	-	125,000	0	0	-	0	-	-	-	-	-	-	-	-
Cost of restaurant revenue
-	-	-	-	-	-	-	-	-	-	-	-	-	-	237,000	245,000	245,000	-	302,000	313,000	306,000	321,000	296,000	303,000	300,000	315,000	292,000	295,000	302,000	300,000	258,000	215,000	0	-	0	0	-	-	-	-	-	-	-
Depreciation and amortization
43,000	46,000	44,000	44,000	44,000	44,000	46,000	45,000	47,000	50,000	46,000	44,000	43,000	-98,000	56,000	102,000	100,000	-156,000	102,000	104,000	100,000	101,000	101,000	84,000	117,000	29,000	36,000	35,000	33,000	32,000	28,000	26,000	17,000	17,400	17,500	18,400	19,700	19,900	21,300	22,500	23,000	23,100	30,600
Provision for title claim losses
58,000	66,000	67,000	62,000	45,000	56,000	58,000	60,000	47,000	57,000	64,000	65,000	52,000	-33,000	70,000	68,000	52,000	61,000	65,000	69,000	51,000	59,000	59,000	57,000	53,000	70,000	77,000	79,000	65,000	79,000	69,000	77,000	54,000	59,400	54,400	57,400	50,800	-35,100	100,800	96,900	86,300	92,500	102,100
Interest expense
12,000	11,000	12,000	12,000	12,000	12,000	9,000	11,000	11,000	9,000	10,000	13,000	16,000	-21,000	18,000	33,000	34,000	-24,000	34,000	32,000	31,000	31,000	32,000	33,000	31,000	2,000	27,000	21,000	23,000	14,000	19,000	16,000	15,000	14,900	14,000	13,800	14,300	13,700	12,900	12,500	7,100	8,000	8,600
Total expenses
1,698,000	1,923,000	1,928,000	1,791,000	1,458,000	1,632,000	1,798,000	1,848,000	1,566,000	1,755,000	1,744,000	1,785,000	1,515,000	191,000	2,020,000	2,174,000	1,917,000	-311,000	2,154,000	2,141,000	1,910,000	1,934,000	1,921,000	1,902,000	1,875,000	852,000	2,012,000	2,056,000	1,904,000	1,597,000	1,732,000	1,508,000	1,085,000	1,126,200	1,089,500	1,124,500	1,054,800	1,155,700	1,256,000	1,282,400	1,170,500	1,358,800	1,427,800
(Loss) earnings from continuing operations before income taxes and equity in earnings of unconsolidated affiliates
-86,000	439,000	313,000	353,000	264,000	61,000	287,000	275,000	127,000	220,000	242,000	274,000	128,000	269,000	247,000	308,000	131,000	127,000	238,000	254,000	151,000	152,000	172,000	157,000	-89,000	94,000	162,000	223,000	137,000	121,000	301,000	219,000	105,000	107,100	111,600	109,200	77,100	175,400	117,300	213,100	42,900	108,400	131,700
Income tax (benefit) expense
-28,000	98,000	59,000	86,000	65,000	16,000	51,000	22,000	31,000	-23,000	88,000	101,000	69,000	109,000	88,000	101,000	49,000	55,000	81,000	88,000	50,000	233,000	65,000	54,000	-40,000	25,000	52,000	72,000	46,000	54,000	70,000	81,000	37,000	23,700	38,900	40,400	28,000	59,500	40,700	76,300	13,300	34,400	34,200
Earnings from continuing operations before equity in losses of unconsolidated affiliates
-58,000	341,000	254,000	267,000	199,000	45,000	236,000	253,000	96,000	243,000	154,000	173,000	59,000	160,000	159,000	207,000	82,000	72,000	157,000	166,000	101,000	-81,000	107,000	103,000	-49,000	69,000	110,000	151,000	91,000	67,000	231,000	138,000	68,000	83,400	72,700	68,800	49,100	115,900	76,600	136,800	29,600	74,000	97,500
Equity in earnings of unconsolidated affiliates
1,000	3,000	2,000	3,000	7,000	1,000	1,000	1,000	2,000	3,000	3,000	3,000	1,000	20,000	-7,000	-1,000	2,000	21,000	-19,000	4,000	-1,000	475,000	-7,000	-5,000	-31,000	-6,000	-14,000	-3,000	-3,000	-3,000	5,000	2,000	6,000	2,300	3,700	12,600	-8,600	5,000	900	3,600	-10,700	2,700	-4,600
Net earnings from continuing operations
-	-	-	-	-	-	-	-	-	246,000	157,000	176,000	60,000	180,000	152,000	206,000	84,000	93,000	138,000	170,000	100,000	394,000	100,000	98,000	-80,000	63,000	96,000	148,000	88,000	64,000	236,000	140,000	74,000	85,700	76,400	81,400	40,500	-	77,500	-	-	76,700	92,900
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest
-	-	-	-	-	-	-	-	-	-10,000	18,000	126,000	21,000	-	17,000	-	-	-	-	-	-	8,000	-13,000	5,000	7,000	18,000	0	-3,000	1,000	89,000	-1,000	7,000	3,000	89,300	500	1,600	3,600	-	6,300	-	-	-1,800	-400
Net (loss) earnings
-57,000	344,000	256,000	270,000	206,000	46,000	237,000	254,000	98,000	236,000	175,000	302,000	81,000	-	169,000	-	-	-	-	-	-	402,000	87,000	103,000	-73,000	81,000	96,000	145,000	89,000	153,000	235,000	147,000	77,000	175,000	76,900	83,000	44,100	132,500	83,800	140,400	18,900	74,900	92,500
Less: Net earnings attributable to non-controlling interests
4,000	4,000	6,000	4,000	0	2,000	1,000	3,000	1,000	-2,000	10,000	6,000	9,000	10,000	13,000	9,000	10,000	-	-	-	-	-	-	-	-51,000	9,000	2,000	7,000	-1,000	1,000	1,000	0	3,000	2,800	2,600	3,000	1,600	1,700	600	800	2,400	1,500	500
Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9,000	-	-	6,000	0	14,000	-	-15,000	-9,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net earnings attributable to common shareholders
-61,000	340,000	250,000	266,000	206,000	44,000	236,000	251,000	97,000	238,000	165,000	296,000	72,000	223,000	156,000	197,000	74,000	139,000	132,000	170,000	86,000	391,000	102,000	112,000	-22,000	72,000	94,000	138,000	90,000	152,000	234,000	147,000	74,000	172,200	74,300	80,000	42,500	130,800	83,200	139,600	16,500	73,400	92,000
Net earnings from continuing operations, attributable to common shareholders
-	-	-	-	-	-	-	-	-	-	156,000	176,000	61,000	-	158,000	-	-	-	-	-	-	-	-	-	-	-	-	141,000	-	-	237,000	142,000	71,000	82,900	73,800	78,400	38,900	-	-	-	-	75,200	92,300
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent
-	-	-	-	-	-	-	-	-	-	14,000	-1,000	10,000	-	5,000	-	-	-	-	-	-	-	-	-	-	-	-	-3,000	-	51,000	-3,000	5,000	3,000	-	500	-	-	-	-	-	-	-1,800	-300
Net earnings attributable to entity common shareholders
-61,000	340,000	250,000	266,000	206,000	44,000	236,000	251,000	97,000	238,000	165,000	296,000	72,000	-	156,000	197,000	-	-	-	-	-	-	-	-	-	-	94,000	138,000	90,000	152,000	234,000	147,000	74,000	172,200	74,300	80,000	42,500	130,800	83,200	139,600	16,500	73,400	92,000
Earnings per share
Basic
Net earnings from continuing operations attributable to FNF Group common shareholders (in usd per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.39	-0.09	-	-	0.62	-	-	1.06	0.64	0.33	0.39	0.34	0.35	0.17	-	0.34	-	-	0.33	-
Net earnings from discontinued operations attributable to FNF Group common shareholders (in usd per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.02	0.01	-	-	-0.01	-	-	0.00	0.03	0.01	0.40	0.00	0.01	0.02	-	0.03	-	-	-0.01	-
Net earnings per share attributable to shareholders, basic (in usd per share)
-0.22	-	-	-	0.75	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.41	-0.08	-	-	0.61	0.40	-	1.06	0.67	0.34	0.79	0.34	0.36	0.19	-	0.37	0.61	-	0.32	0.40
Diluted
Net earnings from continuing operations attributable to FNF Group common shareholders (in usd per share)
-	-	-	-	-	-	-	-	-	-	0.57	0.63	0.22	-	0.56	-	-	-	-	-	-	-	-	0.38	-0.09	-	0.41	0.61	-	-	1.04	0.62	0.32	0.37	0.33	0.35	0.17	-	0.33	-	-	0.32	-
Net earnings per share from discontinued operations attributable to Old FNF common shareholders (in usd per share)
-	-	-	-	-	-	-	-	-	-	0.05	0.00	0.03	-	0.02	-	-	-	-	-	-	-	-	0.02	0.01	-	0.00	-0.01	-	-	0.00	0.03	0.01	0.40	0.00	0.01	0.02	-	0.03	-	-	0.00	-
Net earnings per share attributable to shareholders, diluted (in usd per share)
-0.22	-	-	-	0.74	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.40	-0.08	-	0.41	0.60	0.39	-	1.04	0.65	0.33	0.77	0.33	0.36	0.19	-	0.36	0.61	-	0.32	0.40
Basic and diluted net earnings attributable to Fidelity National Financial, Inc. common shareholders
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.07	-	-
Weighted average shares outstanding, basic basis (in shares)
274,000	-	-	-	273,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	275,000	274,000	-	226,000	225,000	225,000	-	221,000	220,000	219,000	216,900	217,700	220,700	220,700	223,900	225,900	227,500	227,500	228,700	228,100
Weighted average shares outstanding, diluted basis (in shares)
274,000	-	-	-	277,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	283,000	282,000	-	230,000	229,000	231,000	-	226,000	225,000	223,000	221,900	222,000	224,500	223,600	227,200	229,200	230,500	230,300	232,100	232,100
Cash dividends paid per share FNF common stock (in usd per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.18	0.18	-	0.16	0.16	0.16	-	0.14	0.14	0.14	0.12	0.12	0.12	0.12	0.18	0.18	0.18	0.15	0.15	0.15
FNF Common Stock
Net earnings attributable to entity common shareholders
-	-	-	-	-	-	-	-	-	246,000	170,000	175,000	71,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net earnings attributable to entity common shareholders
-	-	-	-	-	-	-	-	-	246,000	170,000	175,000	71,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net earnings from continuing operations attributable to FNF Group common shareholders (in usd per share)
-	-	-	-	-	-	-	-	-	0.91	0.58	0.65	0.22	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net earnings from discontinued operations attributable to FNF Group common shareholders (in usd per share)
-	-	-	-	-	-	-	-	-	-0.01	0.05	0.00	0.04	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net earnings (loss) earnings per share (in usd per share)
-	-	0.92	0.97	-	0.16	0.86	0.92	0.36	0.90	0.63	0.65	0.26	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net earnings (loss) per share attributable to FNF Group common shareholders (in usd per share)
-	-	0.90	0.96	-	0.16	0.85	0.90	0.35	0.88	0.62	0.63	0.25	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Weighted average shares outstanding, basic basis (in shares)
-	-	273,000	273,000	-	273,000	273,000	273,000	273,000	270,000	272,000	271,000	271,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Weighted average shares outstanding, diluted basis (in shares)
-	-	277,000	277,000	-	276,000	278,000	278,000	280,000	280,000	276,000	277,000	279,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
FNFV Group Common Stock
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent
-	-	-	-	-	-	-	-	-	-8,000	-5,000	121,000	1,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net earnings (loss) earnings per share (in usd per share)
-	-	-	-	-	-	-	-	-	-0.09	-0.08	1.83	0.02	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net earnings (loss) per share attributable to shareholders (in usd per share)
-	-	-	-	-	-	-	-	-	-	-0.08	1.81	0.01	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Weighted average shares outstanding, basic basis (in shares)
-	-	-	-	-	-	-	-	-	63,000	65,000	66,000	66,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Weighted average shares outstanding, diluted basis (in shares)
-	-	-	-	-	-	-	-	-	68,000	65,000	67,000	68,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Fidelity National Financial Group Common Stock [Member]
Cash dividends paid per share FNF common stock (in usd per share)
-	-	-	-	-	-	-	-	-	-	-	0.25	0.25	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-