Fidelity National Financial, Inc. (FNF)

FNF Cash Flow Statement

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

Operating Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	917	679	1,391	518	1,306	2,817
Depreciation & Amortization	863	844	739	593	491	432
Stock-Based Compensation	90	88	82	60	49	42
Other Adjustments	-1,749	-1,385	-812	187	-282	-1,216
Changes in Receivables	-41	-14	-43	37	178	-120
Changes in Reinsurance Contract Assets	26	-1	-13	78	276	59
Changes in Claims Reserves	1,707	1,698	1,796	1,285	998	887
Changes in Income Taxes Payable	637	481	83	-50	66	140
Changes in Other Operating Activities	3,138	3,438	3,592	3,770	1,273	1,049
Operating Cash Flow	5,588	5,828	6,815	6,478	4,355	4,090
Operating Cash Flow Growth	-11.85%	-14.48%	5.20%	48.75%	6.48%	159.19%

Investing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Capital Expenditures	-137	-147	-146	-132	-138	-131
Purchases of Investments	-22,149	-23,198	-17,825	-13,985	-13,148	-16,014
Proceeds from Sale of Investments	14,560	16,283	11,198	6,215	3,769	10,062
Cash Acquisitions	-	-62	-586	-299	-180	-100
Other Investing Activities	-1,290	-1,810	-503	-889	-827	-1,266
Investing Cash Flow	-9,094	-8,934	-7,862	-9,090	-10,524	-7,449

Financing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Long-Term Debt Issued	-	385	1,068	851	550	449
Long-Term Debt Repaid	300	-	-665	-435	-400	-
Net Long-Term Debt Issued (Repaid)	300	385	403	416	150	449
Issuance of Common Stock	-	121	21	15	39	48
Repurchase of Common Stock	-305	-278	-34	-41	-568	-480
Net Common Stock Issued (Repurchased)	-305	-157	-13	-26	-529	-432
Common Dividends Paid	-550	-546	-532	-500	-489	-446
Preferred Share Dividends Paid	-70	-62	-49	-32	-20	-19
Other Financing Activities	2,461	2,943	1,900	2,985	4,983	5,448
Financing Cash Flow	1,489	2,263	1,759	3,093	4,095	5,000

Net Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Cash Flow	-2,017	-843	712	481	-2,074	1,641

Free Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Free Cash Flow	5,451	5,681	6,669	6,346	4,217	3,959
Free Cash Flow Growth	-11.95%	-14.82%	5.09%	50.49%	6.52%	169.69%
FCF Margin	36.48%	39.33%	48.75%	54.00%	36.46%	25.29%
Free Cash Flow Per Share	20.15	20.89	24.43	23.42	15.22	13.79
Levered Free Cash Flow	5,589	5,602	5,928	5,192	3,412	4,795
Unlevered Free Cash Flow	5,533	5,371	5,795	4,886	3,345	4,382

SEC Filings: 10-K · 10-Q

Data Source: Fiscal.ai Last updated: May 8, 2026

Financial data is provided by Fiscal.ai and updates within minutes after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Jul 27, 2026

Data Sources Report a data error