← Fidelity National Financial, Inc.

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net Income From Continuing Operations — — — — — — $1.3b $518.0m $1.4b $679.0m
Net Income (Loss) Attributable to Parent $650.0m $771.0m $628.0m $1.1b $1.4b $2.4b $1.1b $517.0m $1.3b $602.0m
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest $692.0m $794.0m $635.0m $1.1b $1.5b $2.4b $1.2b $518.0m $1.4b $679.0m
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest $692.0m $639.0m $635.0m $1.1b $1.5b $2.4b $1.2b $518.0m $1.4b $679.0m
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest $0 $155.0m $0 $0 ($25.0m) $8.0m $0 $0 — —
Net Income (Loss) Attributable to Noncontrolling Interest $42.0m $23.0m $7.0m $14.0m $25.0m $20.0m $16.0m $1.0m $121.0m $77.0m
Depreciation, Depletion and Amortization $431.0m $389.0m $182.0m $178.0m $296.0m $645.0m $496.0m $593.0m $739.0m $844.0m
Amortization of Intangible Assets $187.0m $130.0m $119.0m $131.0m $138.0m $135.0m $133.0m $152.0m $187.0m $203.0m
Capitalized Computer Software, Amortization $97.0m — — — — — — — — —
Deferred Policy Acquisition Costs, Amortization Expense — — — — — — — $186.0m $280.0m $357.0m
Deferred Policy Acquisition Costs and Present Value of Future Insurance Profits, Amortization — — — — $131.0m $517.0m $353.0m — — —
Depreciation $117.0m $48.0m $46.0m $42.0m $48.0m $45.0m $59.0m $55.0m $53.0m $53.0m
Amortization Of Securities — — — — — — ($814.0m) ($1.1b) ($1.4b) ($1.3b)
Deferred Income Tax Expense (Benefit) ($20.0m) ($241.0m) $56.0m $40.0m ($57.0m) $57.0m $67.0m ($49.0m) $7.0m $638.0m
Share-based Payment Arrangement, Noncash Expense $58.0m $44.0m $31.0m $38.0m — — — $60.0m $82.0m $88.0m
Payment, Tax Withholding, Share-based Payment Arrangement $9.0m $18.0m $9.0m $15.0m $8.0m $17.0m $15.0m $17.0m $34.0m $27.0m
Share-based Payment Arrangement, Expense — — — — $39.0m $43.0m $49.0m — — —
Gain (Loss) on Sale of Assets and Asset Impairment Charges — — ($7.0m) ($8.0m) — — — — — —
Goodwill, Impairment Loss $0 $0 $3.0m $0 — — — — — —
Impairment of Intangible Assets (Excluding Goodwill) — — — $0 $0 $0 $14.0m — — —
Equity Method Investment, Realized Gain (Loss) on Disposal — $276.0m — — — — — — — —
Gain (Loss) on Disposition of Intangible Assets ($1.0m) ($1.0m) — — — — — — — —
Gain (Loss) on Disposition of Business — — — — — — $0 $0 — —
Gain (Loss) on Disposition of Property Plant Equipment — $2.0m $5.0m $11.0m — — — — — —
Gain (Loss) on Extinguishment of Debt — ($6.0m) — — — — — — — —
Income (Loss) from Equity Method Investments ($8.0m) $10.0m $5.0m $15.0m $15.0m $64.0m $15.0m $17.0m $16.0m $35.0m
Income Tax Expense (Benefit) $372.0m $235.0m $120.0m $308.0m $322.0m $713.0m $398.0m $192.0m $367.0m $753.0m
Operating Lease, Expense — — — $147.0m $150.0m $139.0m $142.0m $136.0m $132.0m $131.0m
Earnings (Loss)es From Equity Investments — — — — — — ($124.0m) ($237.0m) ($366.0m) ($384.0m)
Changes in operating assets and liabilities:
Additional Financial Items
Increase (Decrease) in Accounts Receivable $14.0m $11.0m ($15.0m) $36.0m $83.0m $120.0m ($178.0m) ($37.0m) $43.0m $14.0m
Debt Securities, Available-for-sale, Allowance for Credit Loss, Not Previously Recorded — — — — $7.0m $2.0m — — — —
Debt Securities, Realized Gain (Loss) — — — — $102.0m $111.0m ($253.0m) ($155.0m) ($9.0m) ($10.0m)
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal — — $0 — — — — — — —
Gain (Loss) on Sale of Derivatives — — — — $76.0m $456.0m ($164.0m) ($211.0m) $254.0m ($62.0m)
Goodwill $5.1b $2.7b $2.7b $2.7b $4.5b $4.5b $4.6b $4.8b $5.3b $5.3b
Insurance Services Revenue — — $7.5b $7.9b $9.4b $13.3b $11.2b $9.3b — —
Liability for Unpaid Claims and Claims Adjustment Expense, Incurred Claims $157.0m $238.0m $221.0m $240.0m — — — — — —
Market Risk Benefit, Change in Fair Value, Gain (Loss) — — — — — — — ($95.0m) $25.0m ($167.0m)
Proceeds from Stock Options Exercised $19.0m $31.0m $19.0m $39.0m $62.0m $48.0m $39.0m $15.0m $21.0m $4.0m
Financing Receivable, Credit Loss, Expense (Reversal) — — — — $32.0m ($8.0m) $11.0m $27.0m $4.0m $16.0m
Realized Investment Gains (Losses) — $9.0m $4.0m — — — — — — —
Unrealized Gain (Loss) on Derivatives — — — — $161.0m $159.0m ($693.0m) $358.0m ($184.0m) $312.0m
Unrealized Gain (Loss) on Investments — — — — $568.0m ($253.0m) ($947.0m) $388.0m ($189.0m) $160.0m
Beginning Cash Position — — — — — — $4.4b $2.3b $2.8b $3.5b
Cash Flow From Continuing Financing Activities — — — — — — $4.1b $3.1b $1.8b $2.3b
Cash Flow From Continuing Investing Activities — — — — — — ($10.5b) ($9.1b) ($7.9b) ($8.9b)
Change In Other Working Capital — — — — — — ($319.0m) ($76.0m) ($211.0m) $393.0m
Change In Receivables — — — — — — $454.0m $115.0m ($56.0m) ($15.0m)
Change In Working Capital — — — — — — $3.2b $4.7b $5.3b $5.4b
Changes In Account Receivables — — — — — — $454.0m $115.0m ($56.0m) ($15.0m)
Changes In Cash — — — — — — ($2.1b) $481.0m $712.0m ($843.0m)
End Cash Position — — — — — — $2.3b $2.8b $3.5b $2.6b
Financing Cash Flow — — — — — — $4.1b $3.1b $1.8b $2.3b
Free Cash Flow — — — — — — $4.2b $6.3b $6.7b $5.7b
Gain Loss On Investment Securities — — — — — — $533.0m $542.0m ($339.0m) $215.0m
Gain Loss On Sale Of Business — — — — — $14.0m $0 $0 — —
Investing Cash Flow — — — — — — ($10.5b) ($9.1b) ($7.9b) ($8.9b)
Issuance Of Capital Stock — — — — — — — $0 $0 $117.0m
Net Business Purchase And Sale — — — — — — ($1.3b) ($1.6b) ($1.7b) ($2.6b)
Net PPE Purchase And Sale — — — — — — ($138.0m) ($132.0m) ($146.0m) ($147.0m)
Operating Gains Losses — — — — — — $409.0m $305.0m ($705.0m) ($169.0m)
Other Non Cash Items — — — — — — ($415.0m) ($177.0m) ($331.0m) ($168.0m)
Proceeds From Stock Option Exercised — — — — — — $39.0m $15.0m $21.0m $4.0m
Purchase Of Business — — — — — — ($1.1b) ($1.3b) ($1.1b) ($2.5b)
Purchase Of PPE — — — — — — ($138.0m) ($132.0m) ($146.0m) ($147.0m)
Repurchase Of Capital Stock — — — — — — ($553.0m) ($24.0m) $0 ($251.0m)
Stock Based Compensation — — — — — — $49.0m $60.0m $82.0m $88.0m
Gain (Loss) on Investments — — ($109.0m) $318.0m $488.0m $334.0m ($1.5b) ($164.0m) $83.0m ($60.0m)
Derivative, Gain (Loss) on Derivative, Net — — — — ($53.0m) $34.0m $352.0m ($128.0m) ($32.0m) $112.0m
Net Cash Provided by (Used in) Operating Activities $1.2b $737.0m $943.0m $1.1b $1.6b $4.1b $4.4b $6.5b $6.8b $5.8b
Cash flows from investing activities:
Capital Expenditure — — — — — — ($138.0m) ($132.0m) ($146.0m) ($147.0m)
Payments to Acquire Businesses, Net of Cash Acquired — $202.0m $0 $0 $1.1b $0 $0 — — —
Net Investment Purchase And Sale — — — — — — ($9.4b) ($7.8b) ($6.6b) ($6.9b)
Purchase Of Investment — — — — — — ($15.7b) ($14.0b) ($18.9b) ($23.2b)
Sale Of Investment — — — — — — $6.3b $6.2b $12.3b $16.3b
Payments for (Proceeds from) Other Investing Activities $7.0m $7.0m $1.0m $8.0m $4.0m $11.0m ($14.0m) ($3.0m) ($28.0m) ($5.0m)
Net Other Investing Changes — — — — — — ($85.0m) ($16.0m) $7.0m ($11.0m)
Net Cash Provided by (Used in) Investing Activities ($254.0m) ($95.0m) ($354.0m) ($520.0m) ($2.3b) ($7.4b) ($10.5b) ($9.1b) ($7.9b) ($8.9b)
Cash flows from financing activities:
Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale $452.0m $626.0m $517.0m $297.0m $3.6b $9.8b $6.3b $5.9b $12.3b $15.0b
Proceeds from Issuance of Long-term Debt $132.0m $785.0m $442.0m $0 — — — — — —
Issuance Of Debt — — — — — — $550.0m $851.0m $1.1b $385.0m
Long Term Debt Issuance — — — — — — $550.0m $851.0m $1.1b $385.0m
Net Issuance Payments Of Debt — — — — — — $150.0m $666.0m $453.0m $85.0m
Net Long Term Debt Issuance — — — — — — $150.0m $666.0m $453.0m $85.0m
Repayments of Long-term Debt $200.0m $996.0m $370.0m $0 $1.0b $0 $404.0m $0 $250.0m —
Long Term Debt Payments — — — — — — ($400.0m) ($185.0m) ($615.0m) ($300.0m)
Repayment Of Debt — — — — — — ($400.0m) ($185.0m) ($615.0m) ($300.0m)
Proceeds from Issuance of Common Stock — — — — $1.2b $449.0m $0 $845.0m $1.1b $117.0m
Common Stock Issuance — — — — — — — $0 $0 $117.0m
Net Common Stock Issuance — — — — — — ($553.0m) ($24.0m) $0 ($134.0m)
Payments for Repurchase of Common Stock $276.0m $23.0m $20.0m $86.0m $236.0m $463.0m $553.0m $6.0m $0 $251.0m
Payments of Ordinary Dividends, Common Stock $239.0m $278.0m $328.0m $344.0m $389.0m $446.0m $489.0m $500.0m $532.0m $546.0m
Common Stock Payments — — — — — — ($553.0m) ($24.0m) $0 ($251.0m)
Cash Dividends Paid — — — — — — ($489.0m) ($500.0m) ($532.0m) ($546.0m)
Common Stock Dividend Paid — — — — — — ($489.0m) ($500.0m) ($532.0m) ($546.0m)
Dividend Received CFO — — — — — — $151.0m $122.0m $127.0m $196.0m
Dividends Received CFI — — — — — — $335.0m $423.0m $621.0m $694.0m
Proceeds from (Payments for) Other Financing Activities — — ($3.0m) ($10.0m) $0 $0 — — — —
Net Other Financing Charges — — — — — — $4.9b $2.9b $1.8b $2.9b
Net Cash Provided by (Used in) Financing Activities ($588.0m) ($999.0m) ($442.0m) ($482.0m) $2.1b $5.0b $4.1b $3.1b $1.8b $2.3b
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect — — — $119.0m $1.3b $1.6b ($2.1b) $481.0m $712.0m ($843.0m)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — — — $1.4b $2.7b $4.4b $2.3b $2.8b $3.5b $2.6b
Supplemental disclosure of cash flow information:
Change In Cash Supplemental As Reported — — — — — — ($2.1b) $481.0m $712.0m ($843.0m)
Interest Paid, Excluding Capitalized Interest, Operating Activities — — — $44.0m $73.0m $112.0m $125.0m $157.0m $200.0m $229.0m
Income Taxes Paid, Net $367.0m — $204.0m $251.0m $315.0m $653.0m $387.0m $216.0m $237.0m $250.0m

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.