Fidelity National Financial, Inc. (FNF)

FNF Cash Flow Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2021
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	1,155	1,391	518	1,306	2,817	1,452
Depreciation & Amortization	779	739	593	491	432	296
Stock-Based Compensation	90	82	60	49	42	39
Other Adjustments	1,023	607	1,271	532	-541	154
Changes in Receivables	-43	-43	37	178	-120	-83
Changes in Reinsurance Contract Assets	5	-13	78	276	59	40
Changes in Deferred Acquisition Costs	-1,382	-1,419	-1,084	-814	-675	-266
Changes in Claims Reserves	1,557	1,796	1,285	998	887	22
Changes in Income Taxes Payable	-48	83	-50	66	140	24
Changes in Other Operating Activities	3,736	3,592	3,770	1,273	1,049	-100
Operating Cash Flow	6,872	6,815	6,478	4,355	4,090	1,578
Operating Cash Flow Growth	9.20%	5.20%	48.75%	6.48%	159.19%	40.77%
Capital Expenditures	-145	-146	-132	-138	-131	-110
Purchases of Investments	-23,321	-18,956	-15,281	-14,225	-17,760	-5,286
Proceeds from Sale of Investments	14,630	11,819	6,638	4,104	10,553	3,978
Payments for Business Acquisitions	-255	-586	-299	-180	-100	-918
Other Investing Activities	3	7	-16	-85	-11	5
Investing Cash Flow	-9,109	-7,862	-9,090	-10,524	-7,449	-2,331
Long-Term Debt Issued	-	1,068	851	550	449	2,246
Long-Term Debt Repaid	-	-615	-185	-400	-	-1,000
Net Long-Term Debt Issued (Repaid)	-	453	666	150	449	1,246
Issuance of Common Stock	21	21	15	39	48	62
Repurchase of Common Stock	-	-34	-41	-568	-480	-244
Net Common Stock Issued (Repurchased)	21	-13	-26	-529	-432	-182
Common Dividends Paid	-600	-581	-532	-509	-465	-403
Other Financing Activities	1,095	1,900	2,985	4,983	5,448	1,435
Financing Cash Flow	619	1,759	3,093	4,095	5,000	2,096
Net Cash Flow	-1,618	712	481	-2,074	1,641	1,343
Beginning Cash & Cash Equivalents	4,890	2,767	2,286	4,360	2,719	1,376
Ending Cash & Cash Equivalents	3,272	3,479	2,767	2,286	4,360	2,719
Free Cash Flow	6,727	6,669	6,346	4,217	3,959	1,468
Free Cash Flow Growth	0.87%	5.09%	50.49%	6.52%	169.69%	43.22%
FCF Margin	49.51%	48.75%	54.00%	36.46%	25.29%	13.62%
Free Cash Flow Per Share	24.62	24.43	23.42	15.22	13.79	5.13
Levered Free Cash Flow	4,022	4,559	4,358	2,598	4,120	2,557
Unlevered Free Cash Flow	4,321	4,360	3,877	2,399	3,688	1,423

Updated Jun 30, 2025. Data Source: Fiscal.ai. Insurance template. Financial Sources.

SEC Filings: 10-K · 10-Q