Fidelity National Financial (FNF) FY2022 results: revenue $11.6 billion, down 26.1% on the year
Fidelity National Financial, Inc. (FNF) reported revenue of $11.6 billion for fiscal 2022, the year ended 31 December 2022, down 26.1% on the year before. Net income was $1.3 billion, down 53.7%, and diluted earnings per share $4.67. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2023.
Revenue
$11.6 billion
-26.1% on the year
FY2015FY2022
Operating margin
14.9%
22.7% a year earlier
FY2015FY2022
Net income
$1.3 billion
-53.7% on the year
FY2015FY2022
Diluted EPS
$4.67
-52.1% on the year
FY2015FY2022
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
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
4,355
4,090
1,578
+6.5%
Cash from investing
-10,524
-7,449
-2,331
Cash from financing
4,095
5,000
2,096
-18.1%
Depreciation and amortisation
491
432
296
+13.7%
Share-based compensation
49.0
42.0
39.0
+16.7%
Buybacks
553
463
236
+19.4%
Dividends paid
489
446
389
+9.6%
Dividend per share
$1.77
$1.56
n/a
+13.5%
Diluted shares, weighted
277m
287m
286m
-3.5%
Shares outstanding at period end
272m
284m
291m
-4.0%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
6,116
9,414
8,351
-35.0%
Non-controlling interest
453
43.0
41.0
+953.5%
Redeemable equity
n/a
0.0
0.0
Debt
3,238
3,096
2,662
+4.6%
Other liabilities
55,336
48,777
39,401
+13.4%
Total liabilities and equity
65,143
61,330
50,455
+6.2%
Fixed assets
179
185
180
-3.2%
Goodwill
4,642
4,539
4,495
+2.3%
Intangible assets
3,811
523
540
+628.7%
Securities held for sale or to maturity
33,095
31,990
27,587
+3.5%
Loans
4,554
3,749
n/a
+21.5%
Cash and equivalents
2,286
4,360
2,719
-47.6%
Other assets
16,576
15,984
14,934
+3.7%
Total assets
65,143
61,330
50,455
+6.2%
10-K for the year ended 31 December 2022, filed 27 February 2023: the filing.