First American Corporation (The) (FAF) financial statements (2020 and earlier)

Company profile

Business Address 1 FIRST AMERICAN WAY
SANTA ANA, CA 92707
State of Incorp. DE
Fiscal Year End December 31
SIC 6361 - Title Insurance (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,8781,8211,3871,0061,0271,190835
Cash and cash equivalents1,4861,4671,3871,0061,0271,190835
Short-term investments392354     
Total current assets:1,8781,8211,3871,0061,0271,190835
Noncurrent Assets
Finance lease, right-of-use asset5
Operating lease, right-of-use asset291
Property, plant and equipment442458440434410395361
Long-term investments and receivables525557103109266309
Long-term investments525557103109266309
Intangible assets, net (including goodwill)1,2431,2541,2131,0961,0121,016892
Goodwill1,1511,1441,1131,017964960846
Intangible assets, net (excluding goodwill)9210910079485646
Deferred costs1048793797379 
Deferred income tax assets18
Total noncurrent assets:2,1541,8531,8021,7121,6041,7561,563
Other undisclosed assets7,4866,9576,3846,1135,6234,7214,123
TOTAL ASSETS:11,51910,6319,5738,8328,2547,6666,521
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Liabilities, other than long-term debt266      
Deferred income tax liabilities266
Total noncurrent liabilities:266      
Other undisclosed liabilities6,8286,8856,0905,8175,4935,0904,064
Total liabilities:7,0946,8856,0905,8175,4935,0904,064
Stockholders' equity
Stockholders' equity attributable to parent, including:4,4203,7423,4803,0082,7592,5732,453
Common stock0000000
Additional paid in capital2,3012,2582,2362,1922,1512,1102,078
Accumulated other comprehensive loss(41)(161)(68)(230)(239)(199)(146)
Retained earnings2,1611,6441,3111,047847662521
Other undisclosed stockholders' equity attributable to parent      (0)
Stockholders' equity attributable to noncontrolling interest5436333
Total stockholders' equity:4,4253,7453,4833,0142,7622,5762,456
TOTAL LIABILITIES AND EQUITY:11,51910,6319,5738,8328,2547,6666,521

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues6,2025,7485,7725,5765,1754,6784,956
Cost of revenue(2,370)(2,312)(556)(587)(584)(450)(2,144)
Financial services costs  24(450)(530)
Gross profit:3,8323,4365,2164,9894,5914,2282,812
Operating expenses(2,927)(2,826)(4,771)(4,511)(4,158)(3,894)(2,501)
Operating income:905610445478433334311
Nonoperating income
(Investment Income, Nonoperating)
     10390
Interest and debt expense(48)(41)(36)(32)(29)(19)(15)
Income from continuing operations before equity method investments, income taxes:857569409445404418385
Income (loss) from equity method investments     (17)5
Other undisclosed income (loss) from continuing operations before income taxes4841363229(51)(80)
Income from continuing operations before income taxes:905610445478433351311
Income tax expense(195)(134)(23)(134)(144)(116)(124)
Net income:710476422343289234187
Net income (loss) attributable to noncontrolling interest(2)(1)1(0)(1)(1)(1)
Net income attributable to parent:707474423343288234186
Other undisclosed net loss available to common stockholders, basic      (0)
Net income available to common stockholders, diluted:707474423343288234186

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:710476422343289234187
Other comprehensive income (loss)119(53)1639(40)(54)5
Comprehensive income:829423585352249181192
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(2)(1)1(0)(1)(1)1
Other undisclosed comprehensive loss, net of tax, attributable to parent      (1)
Comprehensive income, net of tax, attributable to parent:826422586352248180191

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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