First American Financial Corporation (FAF)

First American Financial Cash Flow Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	621.8	131.1	216.8	263	1,241
Depreciation & Amortization	216.2	207.4	188.5	167.5	158.4
Gain (Loss) on Sale of Investments	-66.1	398.6	215	534.6	-388.9
Stock-Based Compensation	68.4	52	49.1	67.3	53.6
Change in Accounts Receivable	-57.4	126.2	-159.1	82.7	-48.2
Change in Accounts Payable	74.8	45.9	-51.9	-265.9	115
Change in Unearned Revenue	3.3	13.7	-0.1	-27.9	-47.1
Change in Income Taxes	149.6	35.2	-60.8	-130	53
Change in Insurance Reserves / Liabilities	-358.4	-397.8	-381.8	-434.3	-482.3
Other Operating Activities	305.8	292.6	344	531.6	572.2
Operating Cash Flow	950.8	897.5	354.3	777.6	1,220
Operating Cash Flow Growth	5.94%	153.32%	-54.44%	-36.26%	12.43%
Capital Expenditures	-188.3	-218.3	-263.4	-259.8	-160.5
Sale of Property, Plant & Equipment	0.6	0.6	0.1	6.8	17.8
Cash Acquisitions	-2.5	-16.4	-24.7	-277.5	-186.8
Investment in Securities	-972.4	-178.6	1,098	14.1	-3,257
Other Investing Activities	2.8	4	2.2	3	10
Investing Cash Flow	-1,456	-458.7	599.5	-393	-3,393
Short-Term Debt Issued	44,062	28,408	13,384	15,533	24,602
Long-Term Debt Issued	-	444	-	-	641.9
Total Debt Issued	44,062	28,852	13,384	15,533	25,244
Total Debt Repaid	-43,804	-28,622	-13,453	-15,702	-24,599
Net Debt Issued (Repaid)	258.1	230.3	-69.2	-169.6	644.6
Repurchases of Common Stock	-122.3	-68.5	-72.7	-440.7	-99.2
Common Dividends Paid	-223	-220.7	-216.6	-217.5	-213
Other Financing Activities	248.4	-2,251	1,782	451.4	1,794
Financing Cash Flow	161.2	-2,309	1,423	-376.4	2,126
Foreign Exchange Rate Adjustments	13.1	-16.6	4.9	-12.7	-0.4
Net Cash Flow	-330.8	-1,887	2,382	-4.5	-47.5
Free Cash Flow	762.5	679.2	90.9	517.8	1,059
Free Cash Flow Growth	12.26%	647.19%	-82.45%	-51.12%	9.10%
Free Cash Flow Margin	10.23%	11.08%	1.51%	6.81%	11.49%
Free Cash Flow Per Share	7.35	6.51	0.87	4.83	9.51
Cash Interest Paid	151.9	150.6	124.2	86.5	63.5
Cash Income Tax Paid	51.5	-1.5	120	188.9	339.7
Levered Free Cash Flow	557.88	-2,064	1,450	518.86	3,333
Unlevered Free Cash Flow	656	-1,970	1,533	576.99	3,379
Change in Working Capital	-188.1	-176.8	-653.7	-775.4	-409.6

Updated Feb 11, 2026. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.

SEC Filings: 10-K · 10-Q