← First American Financial Corp
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income (Loss) Attributable to Parent | $343.0m |
$423.0m
+23.34%
|
$474.5m
+12.16%
|
$707.4m
+49.09%
|
$696.4m
-1.55%
|
$1.2b
+78.19%
|
$263.0m
-78.81%
|
$216.8m
-17.57%
|
$131.1m
-39.53%
|
$621.8m
+374.29%
|
— | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $343.5m | $421.9m | $475.9m | $709.8m | $700.5m | $1.2b | $265.0m | $215.5m | $132.6m | $625.2m | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | $483k | ($1.2m) | $1.4m | $2.4m | $4.1m | $8.0m | $2.0m | ($1.3m) | $1.5m | $3.4m | — | |
| Depreciation and amortization | $99.0m | $128.1m | $125.9m | $129.0m | $149.0m | $158.0m | $167.0m | $188.5m | $207.4m | $216.2m | $218.9m | |
| Amortization of Intangible Assets | $15.4m | $28.1m | $30.4m | $28.4m | $43.3m | $51.0m | $54.0m | $51.5m | $44.4m | $37.6m | — | |
| Amortization Of Securities | — | — | — | — | — | — | $18.8m | $8.6m | ($3.0m) | ($45.2m) | ($51.4m) | |
| Deferred Income Tax Expense (Benefit) | $97.1m | ($113.8m) | $10.9m | $16.2m | ($6.7m) | $92.0m | ($108.0m) | ($10.9m) | $10.1m | $137.8m | — | |
| Share-based Payment Arrangement, Noncash Expense | $34.1m | $37.4m | $41.1m | $42.5m | $50.7m | $54.0m | $67.0m | $49.1m | $52.0m | $68.4m | $61.0m | |
| Share-based Payment Arrangement, Expense | $34.1m | $37.4m | $41.1m | $42.5m | $50.7m | $54.0m | $67.0m | $49.1m | $52.0m | $68.4m | $61.0m | |
| Equity Method Investment, Other than Temporary Impairment | $0 | $1.5m | — | — | — | — | — | — | — | — | — | |
| Goodwill, Impairment Loss | $0 | $0 | $0 | $0 | $34.2m | — | — | — | — | — | $0 | |
| Operating Lease, Impairment Loss | — | — | — | $7.5m | $1.0m | — | $2.6m | — | $2.2m | — | — | |
| Asset Impairment Charge | — | — | — | — | — | $0 | $0 | — | — | — | $0 | |
| Income (Loss) from Equity Method Investments | $8.2m | $3.8m | $2.7m | $2.8m | $5.7m | $7.0m | $11.0m | $5.4m | $7.4m | $7.2m | — | |
| Earnings (Loss)es From Equity Investments | — | — | — | — | — | — | ($11.0m) | ($5.4m) | ($7.4m) | ($7.2m) | ($8.3m) | |
| Change In Working Capital | — | — | — | — | — | — | ($341.1m) | ($271.9m) | $221.0m | $170.3m | $141.5m | |
| Change In Receivables | — | — | — | — | — | — | $82.7m | ($159.1m) | $126.2m | ($57.4m) | ($40.5m) | |
| Change In Payables And Accrued Expense | — | — | — | — | — | — | ($265.9m) | ($51.9m) | $45.9m | $74.8m | $23.2m | |
| Liability for Unpaid Claims and Claims Adjustment Expense, Incurred Claims | $488.6m | $450.4m | $452.6m | $446.0m | $579.5m | $589.0m | $486.0m | $336.3m | $320.0m | $326.6m | — | |
| Net Cash Provided by (Used in) Operating Activities | $489.4m |
$632.1m
+29.16%
|
$793.2m
+25.47%
|
$913.1m
+15.12%
|
$1.1b
+18.79%
|
$1.2b
+12.48%
|
$780.0m
-36.07%
|
$354.3m
-54.58%
|
$897.5m
+153.32%
|
$950.8m
+5.94%
|
$1.0b
+5.60%
|
|
| Cash flows from investing activities: | ||||||||||||
| Capital Expenditure | — | — | — | — | — | — | ($259.8m) | ($263.4m) | ($218.3m) | ($188.3m) | ($171.7m) | |
| Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale | $948.3m | $641.4m | $640.6m | $1.0b | $1.6b | $1.9b | $1.2b | $812.3m | $675.5m | $688.4m | — | |
| Debt Securities, Available-for-sale, Allowance for Credit Loss, Not Previously Recorded | — | — | — | — | ($7.5m) | — | — | — | — | — | — | |
| Gain (Loss) on Investments | — | — | — | — | — | $20.0m | ($85.0m) | ($206.4m) | ($401.6m) | $20.9m | ($44.3m) | |
| Net Other Investing Changes | — | — | — | — | — | — | ($4.7m) | $10.1m | ($31.0m) | $12.3m | ($22.7m) | |
| Net Cash Provided by (Used in) Investing Activities | ($610.1m) | ($387.2m) | ($1.2b) | ($452.2m) | ($1.4b) | ($3.4b) | ($395.0m) | $599.5m | ($458.7m) | ($1.5b) | ($2.2b) | |
| Cash flows from financing activities: | ||||||||||||
| Repayments of Long-term Debt | $5.2m | $5.5m | $5.3m | $165.6m | $5.9m | $6.0m | $7.0m | $6.2m | $4.2m | $3.7m | ($54.4b) | |
| Issuance Of Debt | — | — | — | — | — | — | $15.5b | $13.4b | $28.9b | $44.1b | $54.6b | |
| Long Term Debt Issuance | — | — | — | — | — | — | $15.5b | $13.4b | $28.9b | $44.1b | $54.6b | |
| Long Term Debt Payments | — | — | — | — | — | — | ($15.7b) | ($13.5b) | ($28.6b) | ($43.8b) | ($54.4b) | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | ($169.6m) | ($69.2m) | $230.3m | $258.1m | $148.2m | |
| Net Long Term Debt Issuance | — | — | — | — | — | — | ($169.6m) | ($69.2m) | $230.3m | $258.1m | $148.2m | |
| Net Short Term Debt Issuance | — | — | — | — | — | $0 | $0 | — | — | — | $0 | |
| Repayment Of Debt | — | — | — | — | — | — | ($15.7b) | ($13.5b) | ($28.6b) | ($43.8b) | ($54.4b) | |
| Short Term Debt Payments | — | — | — | — | — | $0 | $0 | — | — | — | $0 | |
| Payments for Repurchase of Common Stock | $454k | $0 | $18.8m | $2.1m | $138.6m | $99.0m | $441.0m | $72.7m | $68.5m | $122.3m | — | |
| Common Stock Dividend Paid | — | — | — | — | — | — | ($217.5m) | ($216.6m) | ($220.7m) | ($223.0m) | ($224.3m) | |
| Common Stock Payments | — | — | — | — | — | — | ($440.7m) | ($72.7m) | ($68.5m) | ($122.3m) | ($87.6m) | |
| Net Common Stock Issuance | — | — | — | — | — | — | ($440.7m) | ($72.7m) | ($68.5m) | ($122.3m) | ($87.6m) | |
| Repurchase Of Capital Stock | — | — | — | — | — | ($99.2m) | ($440.7m) | ($72.7m) | ($68.5m) | — | ($87.6m) | |
| Dividends paid | $131.5m | $159.3m | $178.5m | $188.4m | $198.7m | $213.0m | $217.0m | $216.6m | $220.7m | $223.0m | ($224.3m) | |
| Other Interest and Dividend Income | $11.2m | $607k | $106k | $612k | $210k | $1.0m | $7.0m | $200k | — | — | — | |
| Cash Dividends Paid | — | — | — | — | — | — | ($217.5m) | ($216.6m) | ($220.7m) | ($223.0m) | ($224.3m) | |
| Dividend Received CFO | — | — | — | — | — | — | $11.2m | $6.5m | $6.4m | $9.9m | $13.3m | |
| Net Other Financing Charges | — | — | — | — | — | — | $448.9m | $1.8b | ($2.3b) | $241.4m | $1.9b | |
| Net Cash Provided by (Used in) Financing Activities | $106.8m |
$128.0m
+19.89%
|
$514.7m
+302.06%
|
($445.1m)
-186.47%
|
$113.9m
+125.60%
|
$2.1b
+1766.16%
|
($376.0m)
-117.69%
|
$1.4b
+478.48%
|
($2.3b)
-262.28%
|
$161.2m
+106.98%
|
$1.8b
+988.03%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | $79.9m | $18.8m | ($210.5m) | ($47.0m) | ($4.0m) | $2.4b | ($1.9b) | ($330.8m) | $2.6b | |
| Beginning Cash Position | — | — | — | — | — | — | $1.2b | $1.2b | $3.6b | $1.7b | $2.0b | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | $1.5b | $1.5b | $1.3b | $1.2b | $1.2b | $3.6b | $1.7b | $1.4b | $2.6b | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | ($7.2m) | $8.1m | ($7.4m) | $3.0m | $6.1m | $0 | ($13.0m) | $4.9m | ($16.6m) | $13.1m | ($5.3m) | |
| Effect Of Exchange Rate Changes | — | — | — | — | — | — | ($12.7m) | $4.9m | ($16.6m) | $13.1m | ($5.3m) | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | — | $39.2m | $46.3m | $53.9m | $64.0m | $87.0m | $124.2m | $150.6m | $151.9m | — | |
| Income Taxes Paid, Net | $116.3m | $126.2m | $91.7m | $178.7m | $193.5m | $339.0m | $189.0m | $121.0m | $22.1m | $51.5m | — | |
| Additional Financial Items | ||||||||||||
| Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement | — | $152.4m | $0 | $0 | — | — | — | — | — | — | — | |
| Equity Securities, FV-NI, Gain (Loss) | — | — | ($38.6m) | $66.7m | $48.7m | $184.0m | ($263.0m) | $54.9m | $4.3m | $51.1m | — | |
| Equity Securities, FV-NI, Unrealized Gain (Loss) | — | — | — | $52.3m | $48.8m | $172.0m | ($237.0m) | $51.2m | $900k | $47.9m | — | |
| Gain (Loss) on Disposition of Business | — | — | — | — | — | $12.0m | — | — | — | — | — | |
| Goodwill | $1.0b | $1.1b | $1.1b | $1.2b | $1.4b | $1.6b | $1.8b | $1.8b | $1.8b | $1.8b | $0 | |
| Income Tax Expense (Benefit) | $134.1m | $23.5m | $133.6m | $195.2m | $222.8m | $393.0m | $61.0m | $58.9m | $32.8m | $201.0m | — | |
| Proceeds from (Payments to) Noncontrolling Interests | ($1.0m) | ($969k) | ($745k) | ($1.2m) | ($2.7m) | ($4.0m) | ($2.0m) | ($7.1m) | $2.5m | ($3.2m) | — | |
| Proceeds from Stock Options Exercised | — | — | $1.0m | $800k | — | — | — | — | — | — | — | |
| Realized Investment Gains (Losses) | $23.1m | $11.2m | ($56.5m) | $66.4m | $105.0m | $436.0m | ($516.0m) | ($80.9m) | ($335.1m) | ($11.4m) | — | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | ($376.4m) | $1.4b | ($2.3b) | $161.2m | $1.8b | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | ($393.0m) | $599.5m | ($458.7m) | ($1.5b) | ($2.2b) | |
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | ($4.5m) | $2.4b | ($1.9b) | ($330.8m) | — | |
| Change In Other Working Capital | — | — | — | — | — | — | ($157.9m) | ($60.9m) | $48.9m | $152.9m | $158.8m | |
| Changes In Cash | — | — | — | — | — | — | $8.2m | $2.4b | ($1.9b) | ($343.9m) | $598.9m | |
| End Cash Position | — | — | — | — | — | — | $1.2b | $3.6b | $1.7b | $1.4b | $2.6b | |
| Financing Cash Flow | — | — | — | — | — | — | ($376.4m) |
$1.4b
+478.08%
|
($2.3b)
-262.28%
|
$161.2m
+106.98%
|
$1.8b
+988.03%
|
|
| Free Cash Flow | — | — | — | — | — | — | $517.8m | $90.9m | $679.2m | $762.5m | $832.3m | |
| Gain Loss On Investment Securities | — | — | — | — | — | — | $515.8m | $206.4m | $401.6m | ($20.9m) | ($44.3m) | |
| Investing Cash Flow | — | — | — | — | — | — | ($393.0m) | $599.5m | ($458.7m) | ($1.5b) | ($2.2b) | |
| Net Business Purchase And Sale | — | — | — | — | — | — | ($277.5m) | ($24.7m) | ($16.4m) | ($2.5m) | $1.2m | |
| Net Investment Purchase And Sale | — | — | — | — | — | — | $21.8m | $1.1b | ($143.6m) | ($981.9m) | ($1.8b) | |
| Net PPE Purchase And Sale | — | — | — | — | — | — | $6.8m | $100k | $600k | $600k | $900k | |
| Operating Gains Losses | — | — | — | — | — | — | $504.8m | $201.0m | $394.2m | ($28.1m) | ($52.6m) | |
| Other Non Cash Items | — | — | — | — | — | — | $83.8m | ($43.0m) | ($113.1m) | ($65.9m) | — | |
| Proceeds From Stock Option Exercised | — | — | — | — | — | — | $2.5m | $400k | $6.9m | $7.0m | $3.0m | |
| Purchase Of Business | — | — | — | — | — | ($187.0m) | ($278.0m) | — | — | — | — | |
| Purchase Of Investment | — | — | — | — | — | — | ($3.1b) | ($1.5b) | ($6.4b) | ($3.0b) | ($3.9b) | |
| Sale Of Investment | — | — | — | — | — | — | $3.2b | $2.6b | $6.2b | $2.0b | $2.1b | |
| Sale Of PPE | — | — | — | — | — | — | $6.8m | $100k | $600k | $600k | $900k | |
| Stock Based Compensation | — | — | — | — | — | — | $67.3m | $49.1m | $52.0m | $68.4m | $61.0m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.