Cannae Holdings, Inc. (CNNE) financial statements (2021 and earlier)

Company profile

Business Address C/O CANNAE HOLDINGS, INC.
LAS VEGAS, NV 89134
State of Incorp. DE
Fiscal Year End December 31
SIC 581 - Eating And Drinking Places (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments760 354263
Cash and cash equivalents725 323246
Short-term investments35 3118
Receivables  5036
Inventory, net of allowances, customer advances and progress billings  2230
Inventory  2230
Contract with customer, asset  10
Other current assets84   
Other undisclosed current assets  1621
Total current assets:844 452350
Noncurrent Assets
Operating lease, right-of-use asset202 
Property, plant and equipment146 176219
Long-term investments and receivables1,453 415440
Long-term investments1,453 415440
Intangible assets, net (including goodwill)105 341417
Goodwill53 165203
Intangible assets, net (excluding goodwill)52 176215
Contract with customer, asset, net  11
Other undisclosed noncurrent assets1,863 6561
Total noncurrent assets:3,769 1,0081,137
TOTAL ASSETS:4,613 1,4601,487
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities93 98101
Accounts payable26 2320
Accrued liabilities36 5157
Employee-related liabilities22 2424
Taxes payable10   
Deferred revenue24 
Debt11 6122
Deferred revenue and credits26
Other undisclosed current liabilities74 561
Total current liabilities:202 160250
Noncurrent Liabilities
Long-term debt and lease obligation248 4213
Long-term debt, excluding current maturities52 4213
Operating lease, liability196 
Liabilities, other than long-term debt378 5772
Deferred revenue and credits9
Accounts payable and accrued liabilities53 5763
Deferred income tax liabilities325 
Other undisclosed noncurrent liabilities  0 
Total noncurrent liabilities:626 10084
Total liabilities:828 260334
Stockholders' equity
Stockholders' equity attributable to parent3,780 1,1251,059
Treasury stock, value(21) (0) 
Additional paid in capital1,876 1,1461,130
Accumulated other comprehensive loss(5) (67)(71)
Retained earnings1,930 460
Stockholders' equity attributable to noncontrolling interest6 7594
Total stockholders' equity:3,785 1,2001,153
TOTAL LIABILITIES AND EQUITY:4,613 1,4601,487

Income statement (P&L) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues2,965 1,3791,180
Revenue, net1,170
Gain on disposition of assets for financial service operations1,581  
Cost of revenue(658) (991)(991)
Cost of goods and services sold(126) (991)(991)
Other cost of operating revenue(524)   
Gross profit:2,308 387189
Operating expenses(117) (1,355)(1,248)
Other undisclosed operating income (loss)(2,379) 818981
Operating loss:(189) (150)(78)
Nonoperating income2,370 1683
Investment income, nonoperating2,379 17310
Interest and debt expense(9) (5)(7)
Other undisclosed income from continuing operations before equity method investments, income taxes9 57
Income (loss) from continuing operations before equity method investments, income taxes:2,182 19(75)
Income (loss) from equity method investments59 (16)3
Income (loss) from continuing operations before income taxes:2,241 3(72)
Income tax expense (benefit)(481) (13)17
Income (loss) from continuing operations:1,760 (11)(55)
Income from discontinued operations   148
Net income (loss):1,760 (11)93
Net income attributable to noncontrolling interest26 3816
Net income available to common stockholders, diluted:1,786 28109

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):1,760 (11)93
Other comprehensive income (loss)41 20(3)
Comprehensive income:1,801 990
Comprehensive income, net of tax, attributable to noncontrolling interest26 3816
Comprehensive income, net of tax, attributable to parent:1,827 48106

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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