FNF Q3 2018 Earnings Report — Fidelity National Financial, Inc. Revenue & Financial Results | Market Cap Arena

Fidelity National Financial, Inc.FNF

Q3 2018 Earnings

Reported October 26, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q3 2018	Q2 2018	Q3 2017	QoQ Change	YoY Change
Revenue	$2.1B	—	—	—	—
Op. Income	$287M	—	—	—	—
Gross Margin	70.6%	—	—	—	—
Net Margin	11.3%	—	—	—	—
EPS (Diluted)	$0.85	—	—	—	—
Free Cash Flow	$304M	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$2.1B
Cost of Revenue	$612M
GROSS PROFIT	$1.5B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$654M
SG&A Expenses	$654M
Other Expenses	$532M
Operating Expenses	$1.2B
Cost & Expenses	$1.8B
OPERATING INCOME	$287M
Interest Income	$44M
Interest Expense	$9M
Other Income/Expenses	$0
INCOME BEFORE TAX	$287M
Income Tax Expense	$51M
Net Income from Continuing Ops	$237M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$236M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$236M
D&A	$46M
EBIT	$296M
EBITDA	$342M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$2.1B
Cost of Revenue	$612M
GROSS PROFIT	$1.5B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$654M
SG&A Expenses	$654M
Other Expenses	$532M
Operating Expenses	$1.2B
Cost & Expenses	$1.8B
OPERATING INCOME	$287M
Interest Income	$44M
Interest Expense	$9M
Other Income/Expenses	$0
INCOME BEFORE TAX	$287M
Income Tax Expense	$51M
Net Income from Continuing Ops	$237M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$236M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$236M
D&A	$46M
EBIT	$296M
EBITDA	$342M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$237M
Depreciation & Amortization	$46M
Stock-Based Compensation	$7M
Deferred Income Tax	$0
Other Non-Cash Items	-$51M
Change in Working Capital	$82M
OPERATING CASH FLOW	$321M
Capital Expenditure	-$17M
Acquisitions (Net)	$8M
Purchases of Investments	-$317M
Sales/Maturities of Investments	$210M
Other Investing Activities	$20M
NET CASH FROM INVESTING	-$96M
Net Debt Issuance	$18M
Common Stock Repurchased	$0
Common Dividends Paid	-$82M
Other Financing Activities	-$59M
NET CASH FROM FINANCING	-$123M
FREE CASH FLOW	$304M
Net Change in Cash	$102M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.4B
Short-Term Investments	$2.1B
Net Receivables	$314M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$3.6B
PP&E (Net)	$164M
Goodwill	$2.7B
Intangible Assets	$920M
Long-Term Investments	$3.3B
Tax Assets	$0
Other Non-Current Assets	-$3.5B
TOTAL NON-CURRENT ASSETS	$3.5B
TOTAL ASSETS	$14.1B
Account Payables	$893M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	-$893M
TOTAL CURRENT LIABILITIES	$44M
Long-Term Debt	$836M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$240M
Other Non-Current Liabilities	$3.2B
TOTAL NON-CURRENT LIABILITIES	$4.3B
TOTAL LIABILITIES	$9.4B
Common Stock	$0
Additional Paid-In Capital	$4.5B
Retained Earnings	$681M
Treasury Stock	-$468M
Accum. Other Comp. Income	-$12M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$4.7B
Minority Interest	-$1M
TOTAL EQUITY	$4.7B
TOTAL LIABILITIES & EQUITY	$14.1B
Total Debt	$836M
Net Debt	-$586M