Fidelity National Financial, Inc. (FNF) financial statements (2020 and earlier)

Company profile

Business Address 601 RIVERSIDE AVENUE
JACKSONVILLE, FL 32204
State of Incorp.
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 investments2,2521,7371,4051,8101,8141,0341,995
Cash and cash equivalents1,3761,2571,1101,3237807001,969
Short-term investments8764802954871,03433426
Income taxes receivable5926
Total current assets:2,2521,7371,4051,8101,8141,0932,021
Noncurrent Assets
Operating lease, right-of-use asset410
Property, plant and equipment176164193616510635645
Long-term investments and receivables284272260612627942519
Long-term investments284272260612627942519
Intangible assets, net (including goodwill)3,1493,2393,3644,3924,2675,8542,520
Goodwill2,7272,7262,7465,0654,7604,7211,901
Intangible assets, net (excluding goodwill)422513618(673)(493)1,133619
Total noncurrent assets:4,0193,6753,8175,6205,4047,4313,684
Other undisclosed assets4,4063,8893,9297,0336,7135,3444,819
TOTAL ASSETS:10,6779,3019,15114,46313,93113,86810,524
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Liabilities, other than long-term debt284     80
Deferred revenue and credits    80
Deferred income tax liabilities284
Total noncurrent liabilities:284     80
Other undisclosed liabilities4,6844,3294,3407,2216,9997,0804,902
Total liabilities:4,9684,3294,3407,2216,9997,0804,982
Temporary equity, carrying amount344344344344344715 
Stockholders' equity
Stockholders' equity attributable to parent, including:5,3824,6304,4475,9965,7545,9945,068
Treasury stock, value(598)(498)(468)(623)(346)  
Additional paid in capital4,5814,5004,5874,8484,795  
Accumulated other comprehensive income (loss)43(13)111(13)(69)2 
Retained earnings1,3566412171,7841,374  
Other undisclosed stockholders' equity attributable to parent     5,9925,068
Stockholders' equity attributable to noncontrolling interest(17)(2)2090283479474
Total stockholders' equity:5,3654,6284,4676,8986,5886,0735,542
TOTAL LIABILITIES AND EQUITY:10,6779,3019,15114,46313,93113,86810,524

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
Revenues8,4697,5947,6639,5549,1328,0248,565
Revenue, net 9,4279,02212,15112,696
Insurance commissions and fees2,5842,615
Financial services revenue2,636(9)(13)  
Cost of revenue(240)(221)(238)(1,141)(1,441)(1,448)(2,442)
Cost of goods and services sold   (984)(1,195)(1,220)(2,151)
Policyholder benefits and claims incurred, net(240)(221)
Financial services costs(238)(157)(246)(228)(291)
Gross profit:8,2297,3737,4258,4137,6916,5766,123
Operating expenses(4,117)(4,042)(6,513)(7,205)(6,830)(4,599)(3,589)
Operating income:4,1123,3319121,2088611,9772,534
Nonoperating income
(Investment Income, Nonoperating)
     126129
Interest and debt expense(47)(43)(48)(136)(131)(127)(93)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(2,696)(2,538)  137(1,584)(1,919)
Income from continuing operations before equity method investments, income taxes:1,3697508641,072867392651
Income (loss) from equity method investments15510(8)(16)432(26)
Income from continuing operations before income taxes:1,3847558741,064851824625
Income tax expense(308)(120)(235)(372)(290)(312)(205)
Income from continuing operations:1,076635639692561512420
Income (loss) from discontinued operations  155 127(1)
Income before gain (loss) on sale of properties:1,076635794692573519419
Other undisclosed net loss    (12)  
Net income:1,076635794692561519419
Net income (loss) attributable to noncontrolling interest(14)(7)(23)(42)(34)64(17)
Net income available to common stockholders, diluted:1,062628771650527583402

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:1,076635794692561519419
Other comprehensive income (loss)56(15)5556(71)(40)(22)
Comprehensive income:1,132620849748490479397
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(14)(7)(25)(41)(34)(64)17
Other undisclosed comprehensive income (loss), net of tax, attributable to parent     128(34)
Comprehensive income, net of tax, attributable to parent:1,118613824707456543380

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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