FIDELITY NATIONAL FINANCIAL FNF INFORMATION STATEMENT All numbers


Question Description:

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Need help on 3 questions Number 3 using the warning signs handout (attached) Number 4 Perform vertical and horizontal analysis Income Statements Number 4 common size 3 years income statements for 4 companies in attached excel tabs marked FNF IS etc my company is FNF Number 5 Perform vertical and hortizontal anaylsis on the Balance sheets 4 companies marked FNF FBS COMP IS BS CF.xlsx FIDELITY NATIONAL FINANCIAL FNF INFORMATION STATEMENT All numbers in thousands Period Ending Total Revenue 31-Dec-14 31-Dec-13 31-Dec-12 8,024,000 7,440,000 6,668,000 Cost of Revenue 1,471,000 1,789,000 1,600,000 Gross Profit 6,553,000 5,651,000 5,068,000 Operating Expenses Research Development Selling General and Administrative Non Recurring Others – – – 2,540,000 2,061,000 1,834,000 – – – Operating Income or Loss 2,901,000 2,424,000 – – – 392,000 Total Operating Expenses 3,494,000 616,000 746,000 Income from Continuing Operations Total Other Income/Expenses Net Earnings Before Interest And Taxes – – – 519,000 689,000 810,000 Interest Expense 127,000 73,000 64,000 Income Before Tax 392,000 616,000 746,000 Income Tax Expense 312,000 195,000 242,000 64,000 (17,000) (5,000) 512,000 395,000 514,000 Minority Interest Net Income From Continuing Ops Non-recurring Events Discontinued Operations 7,000 16,000 98,000 Extraordinary Items – – – Effect Of Accounting Changes – – – Other Items – – – Net Income Preferred Stock And Other Adjustments Net Income Applicable To Common Shares 1015000 583000 368000 394000 617000 607000 FIDELITY NATIONAL FINANCIAL FNF BALANCE SHEET Period Ending All numbers in thousands 31-Dec-14 31-Dec-13 31-Dec-12 Cash And Cash Equivalents 700,000 1,969,000 1,132,000 Short Term Investments 334,000 26,000 62,000 Net Receivables 563,000 512,000 479,000 Assets Current Assets Inventory – – – Other Current Assets – – – – – – Total Current Assets Long Term Investments 4,112,000 3,614,000 3,774,000 635,000 645,000 628,000 Goodwill 4,721,000 1,901,000 1,908,000 Intangible Assets 1,703,000 659,000 651,000 Property Plant and Equipment Accumulated Amortization – Other Assets 877,000 Deferred Long Term Asset Charges 1,051,000 1,052,000 – 13,868,000 Total Assets – – 10,528,000 9,903,000 1,308,000 1,302,000 1,411,000 Liabilities Current Liabilities Accounts Payable Short/Current Long Term Debt – – – Other Current Liabilities – – – – – – 1,323,000 1,344,000 Total Current Liabilities Long Term Debt 2,826,000 Other Liabilities 2,243,000 2,224,000 Deferred Long Term Liability Charges 703,000 144,000 Minority Interest 79,000 474,000 Negative Goodwill Total Liabilities 7,159,000 5,467,000 2,276,000 123,000 481,000 5,635,000 Stockholders’ Equity Misc Stocks Options Warrants 715,000 – – Redeemable Preferred Stock – – – Preferred Stock – – – Common Stock Retained Earnings 1,150,000 1,089,000 849,000 Treasury Stock (13,000) (707,000) (658,000) Capital Surplus 4,855,000 4,642,000 4,018,000 Other Stockholder Equity Total Stockholder Equity Net Tangible Assets 2,000 37,000 59,000 5,994,000 5,061,000 4,268,000 -430,000 2,501,000 1,709,000 FIDELITY NATIONAL FINANCIAL FNF CASH FLOW All numbers in thousands Period Ending 31-Dec-14 31-Dec-13 31-Dec-12 Net Income 1,015,000 368,000 617,000 476,000 209,000 132,000 Operating Activities, Cash Flows Provided By or Used In Depreciation Adjustments To Net Income Changes In Accounts Receivables Changes In Liabilities Changes In Inventories (384,000) 32,000 (211,000) (22,000) – (12,000) 68,000 – (55,000) – 209,000 – Changes In Other Operating Activities (90,000) (113,000) (110,000) Total Cash Flow From Operating Activities 567,000 484,000 620,000 Capital Expenditures (210,000) (145,000) (79,000) Investments (143,000) 113,000 Investing Activities, Cash Flows Provided By or Used In (177,000) Other Cash flows from Investing Activities (2,367,000) (28,000) (54,000) Total Cash Flows From Investing Activities (2,720,000) (60,000) (310,000) (253,000) (170,000) (140,000) 724,000 524,000 53,000 1,7

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