FNF FY 2007 Earnings Report — Fidelity National Financial, Inc. Revenue & Financial Results | Market Cap Arena

Fidelity National Financial, Inc.FNF

FY 2007 Earnings

Reported February 29, 2008

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2007	Prior Q	FY 2006	QoQ Change	YoY Change
Revenue	$5.5B	—	$9.4B	—	-41.5%
Op. Income	$176M	—	$943M	—	-81.4%
Gross Margin	68.1%	—	73.3%	—	-5.2pp
Net Margin	2.3%	—	4.6%	—	-2.3pp
EPS (Diluted)	$0.59	—	$2.39	—	-75.3%
Free Cash Flow	$217M	—	$376M	—	-42.3%

Revenue Flow

Item	Amount
REVENUE	$5.5B
Cost of Revenue	$1.8B
GROSS PROFIT	$3.8B
R&D Expenses	$0
Selling & Marketing	$1.7B
General & Administrative	$1.7B
SG&A Expenses	$3.4B
Other Expenses	$185M
Operating Expenses	$3.6B
Cost & Expenses	$5.3B
OPERATING INCOME	$176M
Interest Income	$0
Interest Expense	$55M
Other Income/Expenses	$0
INCOME BEFORE TAX	$176M
Income Tax Expense	$47M
Net Income from Continuing Ops	$130M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$130M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$130M
D&A	$130M
EBIT	$231M
EBITDA	$361M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$5.5B
Cost of Revenue	$1.8B
GROSS PROFIT	$3.8B
R&D Expenses	$0
Selling & Marketing	$1.7B
General & Administrative	$1.7B
SG&A Expenses	$3.4B
Other Expenses	$185M
Operating Expenses	$3.6B
Cost & Expenses	$5.3B
OPERATING INCOME	$176M
Interest Income	$0
Interest Expense	$55M
Other Income/Expenses	$0
INCOME BEFORE TAX	$176M
Income Tax Expense	$47M
Net Income from Continuing Ops	$130M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$130M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$130M
D&A	$130M
EBIT	$231M
EBITDA	$361M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$130M
Depreciation & Amortization	$130M
Stock-Based Compensation	$30M
Deferred Income Tax	-$30M
Other Non-Cash Items	-$170M
Change in Working Capital	$252M
OPERATING CASH FLOW	$342M
Capital Expenditure	-$125M
Acquisitions (Net)	-$246M
Purchases of Investments	-$5.2B
Sales/Maturities of Investments	$5.5B
Other Investing Activities	-$496M
NET CASH FROM INVESTING	-$516M
Net Debt Issuance	$541M
Common Stock Repurchased	-$187M
Common Dividends Paid	-$262M
Other Financing Activities	$10M
NET CASH FROM FINANCING	$102M
FREE CASH FLOW	$217M
Net Change in Cash	-$72M

Balance Sheet

Item	Amount
Cash & Equivalents	$570M
Short-Term Investments	$427M
Net Receivables	$295M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$3.6B
PP&E (Net)	$598M
Goodwill	$1.3B
Intangible Assets	$216M
Long-Term Investments	$3.3B
Tax Assets	$0
Other Non-Current Assets	-$3.0B
TOTAL NON-CURRENT ASSETS	$2.5B
TOTAL ASSETS	$7.6B
Account Payables	$61M
Short-Term Debt	$0
Deferred Revenue	$115M
Other Current Liabilities	-$185M
TOTAL CURRENT LIABILITIES	$129M
Long-Term Debt	$0
Deferred Revenue NC	$115M
Deferred Tax Liabilities	$61M
Other Non-Current Liabilities	-$115M
TOTAL NON-CURRENT LIABILITIES	$61M
TOTAL LIABILITIES	$4.3B
Common Stock	$22.0K
Additional Paid-In Capital	$3.2B
Retained Earnings	$213M
Treasury Stock	-$189M
Accum. Other Comp. Income	-$17M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$3.2B
Minority Interest	$54M
TOTAL EQUITY	$3.3B
TOTAL LIABILITIES & EQUITY	$7.6B
Total Debt	$1.2B
Net Debt	$598M