Fidelity National Financial (FNF) FY2021 results: revenue $15.6 billion, up 45.1% on the year
Fidelity National Financial, Inc. (FNF) reported revenue of $15.6 billion for fiscal 2021, the year ended 31 December 2021, up 45.1% on the year before. Net income was $2.8 billion, up 96.0%, and diluted earnings per share $9.75. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2022.
Revenue
$15.6 billion
+45.1% on the year
FY2014FY2021
Operating margin
22.7%
16.6% a year earlier
FY2014FY2021
Net income
$2.8 billion
+96.0% on the year
FY2014FY2021
Diluted EPS
$9.75
+95.4% on the year
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
4,090
1,578
1,121
+159.2%
Cash from investing
-7,449
-2,331
-520
Cash from financing
5,000
2,096
-482
+138.5%
Depreciation and amortisation
432
296
178
+45.9%
Share-based compensation
42.0
39.0
38.0
+7.7%
Buybacks
463
236
86.0
+96.2%
Dividends paid
446
389
344
+14.7%
Dividend per share
$1.56
n/a
n/a
Diluted shares, weighted
287m
286m
277m
+0.3%
Shares outstanding at period end
284m
291m
276m
-2.6%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
9,414
8,351
5,382
+12.7%
Non-controlling interest
43.0
41.0
-17.0
+4.9%
Redeemable equity
0.0
0.0
344
Deposits
n/a
n/a
791
Debt
3,096
2,662
838
+16.3%
Other liabilities
48,777
39,401
3,339
+23.8%
Total liabilities and equity
61,330
50,455
10,677
+21.6%
Fixed assets
185
180
176
+2.8%
Goodwill
4,539
4,495
2,727
+1.0%
Intangible assets
523
540
422
-3.1%
Securities held for sale or to maturity
31,990
27,587
2,090
+16.0%
Loans
3,749
n/a
n/a
Cash and equivalents
4,360
2,719
1,376
+60.4%
Other assets
15,984
14,934
3,886
+7.0%
Total assets
61,330
50,455
10,677
+21.6%
10-K for the year ended 31 December 2021, filed 25 February 2022: the filing.