First American Corporation (The) (FAF) financial statements (2021 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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,7401,8781,8211,3871,0061,0271,190
Cash and cash equivalents1,2751,4861,4671,3871,0061,0271,190
Short-term investments464392354    
Total current assets:1,7401,8781,8211,3871,0061,0271,190
Noncurrent Assets
Finance lease, right-of-use asset45
Operating lease, right-of-use asset266291
Property, plant and equipment445442458440434410395
Long-term investments and receivables64525557103109266
Long-term investments64525557103109266
Intangible assets, net (including goodwill)1,5731,2431,2541,2131,0961,0121,016
Goodwill1,3791,1511,1441,1131,017964960
Intangible assets, net (excluding goodwill)19492109100794856
Deferred costs1161048793797379
Deferred income tax assets1418
Total noncurrent assets:2,4822,1541,8531,8021,7121,6041,756
Other undisclosed assets8,5747,4866,9576,3846,1135,6234,721
TOTAL ASSETS:12,79611,51910,6319,5738,8328,2547,666
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Liabilities, other than long-term debt291266     
Deferred income tax liabilities291266
Total noncurrent liabilities:291266     
Other undisclosed liabilities7,5836,8286,8856,0905,8175,4935,090
Total liabilities:7,8747,0946,8856,0905,8175,4935,090
Stockholders' equity
Stockholders' equity attributable to parent4,9104,4203,7423,4803,0082,7592,573
Common stock0000000
Additional paid in capital2,2152,3012,2582,2362,1922,1512,110
Accumulated other comprehensive income (loss)40(41)(161)(68)(230)(239)(199)
Retained earnings2,6552,1611,6441,3111,047847662
Stockholders' equity attributable to noncontrolling interest12543633
Total stockholders' equity:4,9224,4253,7453,4833,0142,7622,576
TOTAL LIABILITIES AND EQUITY:12,79611,51910,6319,5738,8328,2547,666

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues7,0876,2025,7485,7725,5765,1754,678
Cost of revenue(2,656)(2,370)(2,312)(556)(587)(584)(450)
Financial services costs  24(450)
Gross profit:4,4313,8323,4365,2164,9894,5914,228
Operating expenses(3,507)(2,927)(2,826)(4,771)(4,511)(4,158)(3,894)
Operating income:923905610445478433334
Nonoperating income
(Investment Income, Nonoperating)
      103
Interest and debt expense(57)(48)(41)(36)(32)(29)(19)
Income from continuing operations before equity method investments, income taxes:866857569409445404418
Loss from equity method investments      (17)
Other undisclosed income (loss) from continuing operations before income taxes574841363229(51)
Income from continuing operations before income taxes:923905610445478433351
Income tax expense(223)(195)(134)(23)(134)(144)(116)
Net income:700710476422343289234
Net income (loss) attributable to noncontrolling interest(4)(2)(1)1(0)(1)(1)
Net income available to common stockholders, diluted:696707474423343288234

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:700710476422343289234
Other comprehensive income (loss)81119(53)1639(40)(54)
Comprehensive income:782829423585352249181
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(4)(2)(1)1(0)(1)(1)
Comprehensive income, net of tax, attributable to parent:777826422586352248180

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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