First American Financial Corporation
Cash Flow Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $423.0M | $343.0M | $288.1M | $233.5M | $186.4M | $301.0M | $78.3M | $127.8M |
| Depreciation & Amortization | $128.1M | $99.0M | $85.6M | $85.6M | $74.9M | $75.0M | $76.9M | $80.6M |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | $28.1M | $15.4M | $9.3M | $12.6M | $12.0M | $12.0M | $13.9M | $14.5M |
| Stock-Based Compensation | $37.4M | $34.1M | $24.3M | $19.3M | $22.3M | $14.8M | $15.0M | $15.2M |
| Net Cash from Operating Activities | $632.1M | $489.4M | $551.3M | $360.6M | $378.5M | $429.7M | $136.7M | $157.0M |
| Investing Activities | ||||||||
| Capital Expenditures | $134.2M | $132.3M | $123.7M | $97.2M | $87.1M | $83.9M | $69.8M | $88.7M |
| Business Acquisitions | — | — | — | — | $5.8M | $32.5M | $2.7M | $12.1M |
| Net Cash from Investing Activities | $-387.2M | $-610.1M | — | — | $-465.2M | $-417.7M | $-13.7M | $-275.3M |
| Financing Activities | ||||||||
| Dividends Paid | $159.3M | $131.5M | $108.5M | $89.9M | $51.3M | $44.7M | $25.2M | $12.5M |
| Stock Repurchases | $0 | $454.0K | $0 | $0 | $64.6M | — | $2.5M | — |
| Net Cash from Financing Activities | $128.0M | $106.8M | — | — | $252.8M | $213.7M | $-418.2M | $217.2M |
| Net Change in Cash | $381.1M | $-21.2M | $-162.8M | $355.2M | $164.3M | $225.8M | $-298.0M | $97.4M |
| Free Cash Flow | $497.9M | $357.2M | $427.6M | $263.4M | $291.3M | $345.8M | $66.9M | $68.3M |