Stewart Information Services Corporation (STC) financial statements (2020 and earlier)

Company profile

Business Address 1360 POST OAK BLVD
HOUSTON, TX 77056
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 investments354215175208219226233
Cash and cash equivalents331192150186179201194
Short-term investments24232422402538
Restricted cash and investments    175715
Total current assets:354215175208236283248
Noncurrent Assets
Finance lease, right-of-use asset4
Operating lease, right-of-use asset99
Property, plant and equipment50616771717554
Long-term investments and receivables69910101415
Long-term investments69910101415
Intangible assets, net (including goodwill)254259241228236278245
Goodwill249249231217218252232
Intangible assets, net (excluding goodwill)5101011182613
Deferred income tax assets4
Total noncurrent assets:418328317308317367314
Other undisclosed assets821830914825769742764
TOTAL ASSETS:1,5931,3731,4061,3421,3221,3921,326
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Liabilities, other than long-term debt29      
Deferred income tax liabilities29
Total noncurrent liabilities:29      
Other undisclosed liabilities810693727693684692663
Total liabilities:839693727693684692663
Stockholders' equity
Stockholders' equity attributable to parent, including:747674672641629693655
Common stock242424    
Treasury stock, value(3)(3)(3)(3)(3)(3)(3)
Additional paid in capital164163160157157179172
Accumulated other comprehensive income (loss)(3)(25)(1)(9)(4)1311
Retained earnings564514492472456480452
Other undisclosed stockholders' equity attributable to parent   24242423
Stockholders' equity attributable to noncontrolling interest6678878
Total stockholders' equity:754680679649637700663
TOTAL LIABILITIES AND EQUITY:1,5931,3731,4061,3421,3221,3921,326

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
Revenues1,9401,9081,9562,0072,0341,8711,928
Cost of revenue(84)(72)(97)(91)(106)(81)(106)
Policyholder benefits and claims incurred, net(84)(72)
Financial services costs(97)(91)(106)(81)(106)
Gross profit:1,8561,8361,8591,9151,9281,7901,822
Operating expenses(1,167)(1,197)(1,781)(1,824)(1,916)(993)(871)
Operating income:688639799112796950
Nonoperating income
(Investment Income, Nonoperating)
     1715
Interest and debt expense(4)(4)(3)(3)(2)(3)(8)
Income from continuing operations before equity method investments, income taxes:684635758810810957
Income from equity method investments     34
Other undisclosed loss from continuing operations before income taxes(567)(562)   (761)(860)
Income from continuing operations before income taxes:1177375881052101
Income tax expense(27)(14)(15)(20)(6)(14)(28)
Net income:9059606843873
Net loss attributable to noncontrolling interest(12)(11)  (10)(9)(10)
Other undisclosed net loss attributable to parent  (11)(13)   
Net income (loss) attributable to parent:79484955(6)3063
Other undisclosed net loss available to common stockholders, basic   (12)   
Net income (loss) available to common stockholders, basic:79484943(6)3063
Interest on convertible debt     11
Net income (loss) available to common stockholders, diluted:79484943(6)3164

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:9059606843873
Other comprehensive income (loss)22(20)8(5)(17)2 
Other undisclosed comprehensive loss      (16)
Comprehensive income (loss):112396863(12)4057
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(12)(11)(11)(13)(10)910
Other undisclosed comprehensive loss, net of tax, attributable to parent     (17)(19)
Comprehensive income (loss), net of tax, attributable to parent:101275751(23)3147

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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