FIDELITY NATIONAL FINANCIAL, INC. FNF Income Statement

Fidelity national financial, inc. (FNF)

Income statement / 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	Sep'09	Jun'09
Revenues:
Direct title insurance premiums
2,487	2,381	2,301	2,215	2,189	2,221	2,217	2,201	2,177	2,170	2,177	2,175	2,140	2,097	2,039	2,007	2,014	2,009	1,966	1,907	1,793	1,727	1,672	1,679	1,738	1,800	1,893	1,857	1,791	1,732	1,588	1,526	1,458	1,427	1,475	1,458	1,446	1,404	1,363	1,414	0	0	0
Agency title insurance premiums
3,141	2,961	2,805	2,700	2,678	2,690	2,713	2,710	2,704	2,723	2,720	2,714	2,679	2,626	2,526	2,460	2,366	2,277	2,179	2,060	1,981	1,944	2,023	2,125	2,232	2,352	2,379	2,318	2,211	2,101	1,997	1,854	1,820	1,830	1,988	2,108	2,176	2,236	2,185	2,275	0	0	0
Escrow, title-related and other fees
2,651	2,584	2,429	2,431	2,531	2,615	2,746	2,729	2,684	2,637	1,999	2,021	2,208	2,416	2,115	2,267	2,217	2,246	3,224	3,108	2,966	2,804	2,473	2,174	1,948	1,737	1,800	1,791	1,729	1,676	1,571	1,515	1,442	1,393	1,473	1,456	1,439	1,401	1,324	1,337	0	0	0
Auto parts revenue
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	143	0	0	-	0	-	-	-	-	-	-	-	-
Restaurant revenue
-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,186	1,262	1,341	-	1,465	1,459	1,446	1,436	1,426	1,419	1,408	1,408	1,394	1,356	1,262	908	551	253	0	-	0	0	-	-	-	-	-	-	-
Specialty insurance
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	0
Interest and investment income
224	225	222	209	193	177	163	151	141	131	123	120	124	126	124	125	120	121	126	124	128	126	121	122	123	127	133	140	140	143	145	145	145	143	133	130	129	135	145	151	0	0	0
Realized gains and losses, net
-144	318	43	89	32	-109	37	-14	7	2	-13	-16	-6	-8	35	29	5	11	-26	-23	-15	-13	3	14	20	16	-78	41	102	108	186	56	-8	7	56	103	226	235	203	176	0	0	0
Total revenues
8,359	8,469	7,800	7,644	7,623	7,594	7,876	7,777	7,713	7,663	6,148	6,429	6,852	7,257	6,613	6,738	6,651	6,664	8,934	8,635	8,299	8,024	6,884	6,965	7,185	7,440	8,212	8,071	7,519	6,668	6,183	5,351	4,858	4,800	4,897	5,070	5,331	5,413	5,549	5,735	0	0	0
Expenses:
Personnel costs
2,718	2,696	2,591	2,543	2,523	2,538	2,564	2,537	2,498	2,460	2,108	2,111	2,192	2,275	2,133	2,183	2,166	2,137	2,635	2,581	2,514	2,540	2,348	2,268	2,191	2,061	2,120	2,044	1,945	1,834	1,723	1,650	1,592	1,568	1,578	1,583	1,591	1,578	1,580	1,607	0	0	0
Agent commissions
2,397	2,258	2,143	2,067	2,049	2,059	2,078	2,077	2,074	2,089	2,082	2,074	2,042	1,998	1,925	1,875	1,800	1,731	1,652	1,553	1,497	1,471	1,535	1,621	1,699	1,789	1,808	1,758	1,681	1,600	1,521	1,416	1,399	1,411	1,544	1,645	1,702	1,758	1,728	1,805	0	0	0
Other operating expenses
1,748	1,681	1,621	1,625	1,722	1,801	1,875	1,842	1,815	1,781	1,571	1,591	1,605	1,648	1,522	1,534	1,523	1,557	1,831	1,766	1,691	1,643	1,489	1,407	1,366	1,273	1,352	1,354	1,319	1,269	1,195	1,144	1,080	1,064	1,043	1,054	1,105	1,145	1,251	1,313	0	0	0
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
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	0	-	-	-	-	-	-	-	-
Cost of restaurant revenue
-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,001	1,066	1,134	-	1,242	1,236	1,226	1,220	1,214	1,210	1,202	1,204	1,189	1,155	1,075	773	0	0	0	-	0	0	-	-	-	-	-	-	-
Depreciation and amortization
177	178	176	178	179	182	188	188	187	183	35	45	103	160	102	148	150	150	407	406	386	403	331	266	217	133	136	128	119	103	88	77	70	73	75	79	83	86	89	99	0	0	0
Provision for title claim losses
253	240	230	221	219	221	222	228	233	238	148	154	157	157	251	246	247	246	244	238	226	228	239	257	279	291	300	292	290	279	259	244	225	222	127	173	213	248	376	377	0	0	0
Interest expense
47	47	48	45	44	43	40	41	43	48	18	26	46	64	61	77	76	73	128	126	127	127	98	93	81	73	85	77	72	64	64	59	57	57	55	54	53	46	40	36	0	0	0
Total expenses
7,340	7,100	6,809	6,679	6,736	6,844	6,967	6,913	6,850	6,799	5,235	5,511	5,900	6,302	5,800	5,934	5,901	5,894	8,139	7,906	7,667	7,632	6,550	6,641	6,795	6,824	7,569	7,289	6,741	5,922	5,451	4,808	4,425	4,395	4,424	4,591	4,748	4,864	5,067	5,239	0	0	0
(Loss) earnings from continuing operations before income taxes and equity in earnings of unconsolidated affiliates
1,019	1,369	991	965	887	750	909	864	863	864	913	918	952	955	813	804	750	770	795	729	632	392	334	324	390	616	643	782	778	746	732	542	432	405	473	479	582	548	481	496	0	0	0
Income tax (benefit) expense
215	308	226	218	154	120	81	118	197	235	367	367	367	347	293	286	273	274	452	436	402	312	104	91	109	195	224	242	251	242	211	180	140	131	166	168	204	189	164	158	0	0	0
Earnings from continuing operations before equity in losses of unconsolidated affiliates
804	1,061	765	747	733	630	828	746	666	629	546	551	585	608	520	518	477	496	343	293	230	80	230	233	281	421	419	540	527	504	520	362	292	274	306	310	378	358	317	337	0	0	0
Equity in earnings of unconsolidated affiliates
9	15	13	12	10	5	7	9	11	10	27	17	13	14	15	3	8	5	459	471	462	432	-49	-56	-54	-26	-23	-4	1	10	15	14	24	10	12	9	0	-1	-3	-9	0	0	0
Net earnings from continuing operations
-	-	-	-	-	-	-	-	-	639	573	568	598	622	535	521	485	501	802	764	692	512	181	177	227	395	396	536	528	514	535	376	317	284	275	0	0	-	0	-	-	0	0
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest
-	-	-	-	-	-	-	-	-	155	182	0	0	-	0	-	-	-	-	-	-	7	17	30	22	16	87	86	96	98	98	99	94	95	12	0	0	-	0	-	-	0	0
Net (loss) earnings
813	1,076	778	759	743	635	825	763	811	794	727	0	0	-	0	-	-	-	-	-	-	519	198	207	249	411	483	622	624	612	634	475	411	379	336	343	400	375	318	326	0	0	0
Less: Net earnings attributable to non-controlling interests
18	14	12	7	6	7	3	12	15	23	35	38	41	42	0	0	0	-	-	-	-	-	-	-	-33	17	9	8	1	5	6	8	11	10	8	6	4	5	5	5	0	0	0
Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	0	0	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net earnings attributable to common shareholders
795	1,062	766	752	737	628	822	751	796	771	756	747	648	650	566	542	515	527	779	749	691	583	264	256	282	394	474	614	623	607	627	467	400	369	327	336	396	370	312	321	0	0	0
Net earnings from continuing operations, attributable to common shareholders
-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	532	369	306	274	0	0	0	-	-	-	-	0	0
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent
-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	0	-	56	5	0	0	-	0	-	-	-	-	-	-	0	0
Net earnings attributable to entity common shareholders
795	1,062	766	752	737	628	822	751	796	771	689	721	0	-	0	0	-	-	-	-	-	-	-	-	-	-	474	614	623	607	627	467	400	369	327	336	396	370	312	321	0	0	0
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	-	-	-	273	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	275	274	-	226	225	225	-	221	220	219	216	217	220	220	223	225	227	227	228	228
Weighted average shares outstanding, diluted basis (in shares)
274	-	-	-	277	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	283	282	-	230	229	231	-	226	225	223	221	222	224	223	227	229	230	230	232	232
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
-	-	-	-	-	-	-	-	-	662	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net earnings attributable to entity common shareholders
-	-	-	-	-	-	-	-	-	662	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
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	273	-	273	273	273	273	270	272	271	271	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Weighted average shares outstanding, diluted basis (in shares)
-	-	277	277	-	276	278	278	280	280	276	277	279	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
FNFV Group Common Stock
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent
-	-	-	-	-	-	-	-	-	109	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
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	65	66	66	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Weighted average shares outstanding, diluted basis (in shares)
-	-	-	-	-	-	-	-	-	68	65	67	68	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Fidelity National Financial Group Common Stock [Member]
Cash dividends paid per share FNF common stock (in usd per share)
-	-	-	-	-	-	-	-	-	-	-	0.25	0.25	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-