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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash flows from operating activities:    
Net (loss) earnings $ (57) $ 206
Adjustments to reconcile net (loss) earnings to net cash provided by (used in) operating activities:    
Depreciation and amortization 43 44
Equity in earnings of unconsolidated affiliates (1) (7)
Loss on sales of investments and other assets and asset impairments, net 8 0
Non-cash lease costs 37 37
Operating lease payments (38) (37)
Distributions from unconsolidated affiliates, return on investment 0 3
Stock-based compensation cost 9 9
Change in valuation of equity and preferred securities, net 312 (142)
Changes in assets and liabilities, net of effects from acquisitions:    
Net decrease in trade receivables 20 12
Net decrease (increase) in prepaid expenses and other assets 23 (76)
Net decrease in accounts payable, accrued liabilities, deferred revenue and other (228) (106)
Net increase (decrease) in reserve for title claim losses 9 (5)
Net change in income taxes (32) 58
Net cash provided by (used in) operating activities 105 (4)
Cash flows from investing activities:    
Proceeds from sales of investment securities 106 194
Proceeds from calls and maturities of investment securities 159 62
Proceeds from sales of property and equipment 9 0
Fundings of Cannae Holdings Inc. note receivable 0 (100)
Additions to property and equipment and capitalized software (28) (22)
Purchases of investment securities (300) (322)
Net (purchases of) proceeds from sales and maturities of short-term investment securities (382) 268
Additional investments in unconsolidated affiliates (9) (1)
Distributions from unconsolidated affiliates, return of investment 2 17
Net other investing activities 4 (2)
Net cash (used in) provided by investing activities (439) 94
Cash flows from financing activities:    
Dividends paid (90) (85)
Subsidiary dividends paid to non-controlling interest shareholders (3) (3)
Exercise of stock options 2 1
Net change in secured trust deposits 35 (113)
Payment of contingent consideration for prior period acquisitions (7) (6)
Purchases of treasury stock (89) (18)
Net cash used in financing activities (152) (224)
Net decrease in cash and cash equivalents (486) (134)
Cash and cash equivalents at beginning of period 1,376 1,257
Cash and cash equivalents at end of period $ 890 $ 1,123