First American Financial Corp (FAF) financial statements (2022 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,8851,7401,8781,8211,3871,0061,027
Cash and cash equivalents1,2281,2751,4861,4671,3871,0061,027
Short-term investments657464392354   
Total current assets:1,8851,7401,8781,8211,3871,0061,027
Noncurrent Assets
Finance lease, right-of-use asset245
Operating lease, right-of-use asset249266291
Property, plant and equipment506445442458440434410
Long-term investments and receivables7864525557103109
Long-term investments7864525557103109
Intangible assets, net (including goodwill)1,8061,5731,2431,2541,2131,0961,012
Goodwill1,5881,3791,1511,1441,1131,017964
Intangible assets, net (excluding goodwill)218194921091007948
Deferred costs13411610487937973
Deferred income tax assets141418
Total noncurrent assets:2,7892,4822,1541,8531,8021,7121,604
Other undisclosed assets11,7778,5747,4866,9576,3846,1135,623
TOTAL ASSETS:16,45112,79611,51910,6319,5738,8328,254
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Liabilities, other than long-term debt345291266    
Deferred income tax liabilities345291266
Total noncurrent liabilities:345291266    
Other undisclosed liabilities10,3237,5836,8286,8856,0905,8175,493
Total liabilities:10,6687,8747,0946,8856,0905,8175,493
Stockholders' equity
Stockholders' equity attributable to parent5,7674,9104,4203,7423,4803,0082,759
Common stock 000000
Additional paid in capital2,1792,2152,3012,2582,2362,1922,151
Accumulated other comprehensive income (loss)(92)40(41)(161)(68)(230)(239)
Retained earnings3,6802,6552,1611,6441,3111,047847
Stockholders' equity attributable to noncontrolling interest161254363
Total stockholders' equity:5,7834,9224,4253,7453,4833,0142,762
TOTAL LIABILITIES AND EQUITY:16,45112,79611,51910,6319,5738,8328,254

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues9,2217,0876,2025,7485,7725,5765,175
Cost of revenue(3,111)(2,656)(2,370)(2,312)(556)(587)(584)
Gross profit:6,1104,4313,8323,4365,2164,9894,591
Operating expenses(4,468)(3,507)(2,927)(2,826)(4,771)(4,511)(4,158)
Operating income:1,642923905610445478433
Interest and debt expense(72)(57)(48)(41)(36)(32)(29)
Income from continuing operations before equity method investments, income taxes:1,570866857569409445404
Other undisclosed income from continuing operations before income taxes72574841363229
Income from continuing operations before income taxes:1,642923905610445478433
Income tax expense(393)(223)(195)(134)(23)(134)(144)
Net income:1,249700710476422343289
Net income (loss) attributable to noncontrolling interest(8)(4)(2)(1)1(0)(1)
Net income available to common stockholders, diluted:1,241696707474423343288

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:1,249700710476422343289
Other comprehensive income (loss)(132)81119(53)1639(40)
Comprehensive income:1,117782829423585352249
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(8)(4)(2)(1)1(0)(1)
Comprehensive income, net of tax, attributable to parent:1,109777826422586352248

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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