First American Financial Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	131.1	216.8	263	1,241
Depreciation & Amortization	207.4	188.5	167.5	158.4
Gain (Loss) on Sale of Investments	398.6	215	534.6	-388.9
Stock-Based Compensation	52	49.1	67.3	53.6
Change in Accounts Receivable	126.2	-159.1	82.7	-48.2
Change in Accounts Payable	45.9	-51.9	-265.9	115
Change in Unearned Revenue	13.7	-0.1	-27.9	-47.1
Change in Income Taxes	35.2	-60.8	-130	53
Change in Insurance Reserves / Liabilities	-397.8	-381.8	-434.3	-482.3
Other Operating Activities	292.6	344	531.6	572.2
Operating Cash Flow	897.5	354.3	777.6	1,220
Operating Cash Flow Growth	153.32%	-54.44%	-36.26%	12.43%
Capital Expenditures	-218.3	-263.4	-259.8	-160.5
Sale of Property, Plant & Equipment	0.6	0.1	6.8	17.8
Cash Acquisitions	-16.4	-24.7	-277.5	-186.8
Investment in Securities	-178.6	1,098	14.1	-3,257
Other Investing Activities	4	2.2	3	10
Investing Cash Flow	-458.7	599.5	-393	-3,393
Short-Term Debt Issued	28,408	13,384	15,533	24,602
Long-Term Debt Issued	444	-	-	641.9
Total Debt Issued	28,852	13,384	15,533	25,244
Total Debt Repaid	-28,622	-13,453	-15,702	-24,599
Net Debt Issued (Repaid)	230.3	-69.2	-169.6	644.6
Repurchases of Common Stock	-68.5	-72.7	-440.7	-99.2
Common Dividends Paid	-220.7	-216.6	-217.5	-213
Other Financing Activities	-2,251	1,782	451.4	1,794
Financing Cash Flow	-2,309	1,423	-376.4	2,126
Foreign Exchange Rate Adjustments	-16.6	4.9	-12.7	-0.4
Net Cash Flow	-1,887	2,382	-4.5	-47.5
Free Cash Flow	679.2	90.9	517.8	1,059
Free Cash Flow Growth	647.19%	-82.45%	-51.12%	9.10%
Free Cash Flow Margin	11.08%	1.51%	6.81%	11.49%
Free Cash Flow Per Share	6.51	0.87	4.83	9.51
Cash Interest Paid	150.6	124.2	86.5	63.5
Cash Income Tax Paid	-1.5	120	188.9	339.7
Levered Free Cash Flow	-2,064	1,450	518.86	3,333
Unlevered Free Cash Flow	-1,970	1,533	576.99	3,379
Change in Working Capital	-176.8	-653.7	-775.4	-409.6

Source: S&P Global Market Intelligence. Insurance template. Financial Sources.