First American Financial Corp
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FAF FY 2025 request
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Income Statement
| Metric | FY 2025 | FY 2024 | YoY |
|---|---|---|---|
| Premiums Earned Net And Escrow Fee Revenue | 2,762.7 | 2,446 | +12.9% |
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| Home warranty · Operating Segments | 415.2 | 397.8 | +4.4% |
| Title Insurance and Services · Operating Segments | 2,347.5 | 2,048.3 | +14.6% |
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| Operating Segments | 2,762.7 | 2,446 | +12.9% |
| Premiums Earned By Agents Net | 2,959.4 | 2,561.9 | +15.5% |
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| Title Insurance and Services · Operating Segments | 2,959.4 | 2,561.9 | +15.5% |
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| Operating Segments | 2,959.4 | 2,561.9 | +15.5% |
| Information And Other Fees Earned | 1,088.2 | 960.8 | +13.3% |
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| Corporate And Eliminations [Member] · Operating Segments | 14.7 | 0.1 | +14600.0% |
| Home warranty · Operating Segments | 23 | 22.5 | +2.2% |
| Title Insurance and Services · Operating Segments | 1,050.5 | 938.2 | +12.0% |
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| Parent Company | 14.8 | — | — |
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| Operating Segments | 1,088.2 | 960.8 | +13.3% |
| Net Investment Income | 621 | 561 | +10.7% |
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| Corporate And Eliminations [Member] · Operating Segments | 21.2 | 22.7 | -6.6% |
| Home warranty · Operating Segments | 5 | 4 | +25.0% |
| Title Insurance and Services · Operating Segments | 594.8 | 534.3 | +11.3% |
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| Operating Segments | 621 | 561 | +10.7% |
| Gain Loss On Investments | 20.9 | -401.6 | +105.2% |
| Revenue | 7,452.2 | 6,128.1 | +21.6% |
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| Corporate And Eliminations [Member] · Operating Segments | 31.6 | -34.9 | +190.5% |
| Corporate · Operating Segments | 31.7 | -33.4 | +194.9% |
| Home warranty · Operating Segments | 442.9 | 425.7 | +4.0% |
| Title Insurance and Services · Non Us | 527.5 | 421.4 | +25.2% |
| Title Insurance and Services · Operating Segments | 6,977.7 | 5,737.3 | +21.6% |
| Title Insurance and Services · US | 6,450.3 | 5,314.6 | +21.4% |
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| Parent Company | 612.2 | 154.8 | +295.5% |
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| Intersegment Elimination | -0.1 | -1.5 | +93.3% |
| Operating Segments | 7,452.3 | 6,129.6 | +21.6% |
| Labor And Related Expense | 2,260 | 2,059.4 | +9.7% |
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| Corporate · Operating Segments | 44.4 | 24.9 | +78.3% |
| Home warranty · Operating Segments | 84.1 | 81.2 | +3.6% |
| Title Insurance and Services · Operating Segments | 2,131.4 | 1,953.2 | +9.1% |
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| Operating Segments | 2,259.9 | 2,059.3 | +9.7% |
| Insurance Commissions | 2,374 | 2,044.6 | +16.1% |
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| Title Insurance and Services · Operating Segments | 2,374 | 2,044.6 | +16.1% |
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| Operating Segments | 2,374 | 2,044.6 | +16.1% |
| Other Cost And Expense Operating | 1,210.6 | 1,113.4 | +8.7% |
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| Corporate · Operating Segments | 38.5 | 35.2 | +9.4% |
| Home warranty · Operating Segments | 90.4 | 86 | +5.1% |
| Title Insurance and Services · Operating Segments | 1,081.7 | 992.5 | +9.0% |
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| Operating Segments | 1,210.6 | 1,113.7 | +8.7% |
| Liability For Unpaid Claims And Claims Adjustment Expense Incurred Claims1 | 326.6 | 320 | +2.1% |
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| Corporate · Operating Segments | -4.4 | -2.7 | -63.0% |
| Home warranty · Operating Segments | 171.9 | 184.4 | -6.8% |
| Title Insurance and Services · Operating Segments | 159.2 | 138.3 | +15.1% |
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| Operating Segments | 326.7 | 320 | +2.1% |
| Depreciation And Amortization | 216.2 | 207.4 | +4.2% |
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| Corporate · Operating Segments | 0.1 | 0.1 | 0.0% |
| Home warranty · Operating Segments | 5.3 | 5.1 | +3.9% |
| Title Insurance and Services · Operating Segments | 210.8 | 202.2 | +4.3% |
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| Operating Segments | 216.2 | 207.4 | +4.2% |
| Premium Taxes | 81.6 | 68.3 | +19.5% |
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| Home warranty · Operating Segments | 4.7 | 4.6 | +2.2% |
| Title Insurance and Services · Operating Segments | 77 | 63.7 | +20.9% |
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| Operating Segments | 81.7 | 68.3 | +19.6% |
| Interest Expense | 157 | 149.6 | +4.9% |
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| Corporate · Operating Segments | 60.8 | 54.3 | +12.0% |
| Title Insurance and Services · Operating Segments | 96.2 | 96.6 | -0.4% |
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| Operating Segments | 157 | 150.9 | +4.0% |
| Total Costs & Expenses | 6,626 | 5,962.7 | +11.1% |
| Income Before Taxes | 826.2 | 165.4 | +399.5% |
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| Corporate · Operating Segments | -107.7 | -145.2 | +25.8% |
| Home warranty · Operating Segments | 86.5 | 64.4 | +34.3% |
| Title Insurance and Services · Operating Segments | 847.4 | 246.2 | +244.2% |
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| Intersegment Elimination | 0.1 | 1.5 | -93.3% |
| Operating Segments | 826.1 | 163.9 | +404.0% |
| Income Tax Expense (Benefit) | 201 | 32.8 | +512.8% |
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| Parent Company | 121.9 | 13.2 | +823.5% |
| Net Income | 625.2 | 132.6 | +371.5% |
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| Noncontrolling Interest | 3.4 | 1.5 | +126.7% |
| Parent | 621.8 | 131.1 | +374.3% |
| Retained Earnings | 621.8 | 131.1 | +374.3% |
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| Parent Company | 625.2 | 132.6 | +371.5% |
| Net Income Loss Attributable To Noncontrolling Interest | 3.4 | 1.5 | +126.7% |
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| Parent Company | 3.4 | 1.5 | +126.7% |
| Net Income | 621.8 | 131.1 | +374.3% |
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| Parent Company | 621.8 | 131.1 | +374.3% |
| EPS (Basic) | 6.02 | 1.26 | +377.8% |
| EPS (Diluted) | 6 | 1.26 | +376.2% |
| Common Stock Dividends Per Share Declared | 2.18 | 2.14 | +1.9% |
| Wtd Avg Shares (Basic) | 103.3 | 103.9 | -0.6% |
| Wtd Avg Shares (Diluted) | 103.7 | 104.3 | -0.6% |
| Comprehensive Income | 861.5 | 290.5 | +196.6% |
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| Parent Company | 861.5 | 290.5 | +196.6% |
| Other Expenses (FY) | — | — | — |
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| Parent Company | 111.1 | 88.6 | +25.4% |
| Premiums Earned Net (FY) | — | — | — |
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| Title Insurance and Services | 5,306.9 | 4,610.2 | +15.1% |
Balance Sheet
| Metric | FY 2025 | FY 2024 | YoY |
|---|---|---|---|
| Current Assets | |||
| Cash & Cash Equivalents | 1,387.3 | 1,718.1 | -19.3% |
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| Parent Company | 338.9 | 196.2 | +72.7% |
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| Intersegment Elimination | 366.3 | 206 | +77.8% |
| Non-Current Assets | |||
| Property, Plant & Equipment | 682.3 | 745.1 | -8.4% |
| Operating Lease Right-of-Use Assets | 205.7 | 214.7 | -4.2% |
| Deferred Tax Assets | 9.4 | 43.8 | -78.5% |
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| Parent Company | 9.4 | 43.8 | -78.5% |
| Goodwill | 1,819.3 | 1,804.3 | +0.8% |
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| Home Warranty | 40.9 | 40.9 | 0.0% |
| Title Insurance and Services | 1,778.4 | 1,763.4 | +0.9% |
| Total Assets | 16,228.8 | 14,908.6 | +8.9% |
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| Corporate · Operating Segments | 911.9 | 754.6 | +20.8% |
| Home warranty · Operating Segments | 395.3 | 370.4 | +6.7% |
| Title Insurance and Services · Operating Segments | 15,287.9 | 13,989.6 | +9.3% |
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| Parent Company | 7,825.4 | 7,015.1 | +11.6% |
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| Intersegment Elimination | -366.3 | -206 | -77.8% |
| Operating Segments | 16,595.1 | 15,114.6 | +9.8% |
| Intangible Assets | 83.1 | 108.3 | -23.3% |
| Other Assets | |||
| Accounts And Accrued Income Receivable Net | 432.6 | 374.8 | +15.4% |
| Income Tax Receivable | 65 | 61.3 | +6.0% |
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| Parent Company | 65 | 61.3 | +6.0% |
| Equity Securities | 849.1 | 691.3 | +22.8% |
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| Parent Company | 6.2 | 14.6 | -57.5% |
| Investments | 9,394.3 | 8,042.6 | +16.8% |
| Secured Financings Receivable | 986.1 | 690 | +42.9% |
| Title Plants And Other Indexes | 686.7 | 673.9 | +1.9% |
| Intangible Assets Net Excluding Goodwill | 100 | 125.2 | -20.1% |
| Other Assets | 460.1 | 414.8 | +10.9% |
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| Parent Company | 171.4 | 162.1 | +5.7% |
| Non-Current Liabilities | |||
| Accounts Payable Current And Noncurrent | 47.7 | 66.7 | -28.5% |
| Employee Related Liabilities Current And Noncurrent | 317.6 | 278.1 | +14.2% |
| Accrued Pension Costs And Other Retirement Plans Current And Noncurrent | 444.5 | 425.2 | +4.5% |
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| Parent Company | 367.6 | 354.4 | +3.7% |
| Accounts Payable And Accrued Liabilities Current And Noncurrent | 1,002.7 | 943.3 | +6.3% |
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| Parent Company | 40.5 | 32 | +26.6% |
| Taxes Payable Current And Noncurrent | 42.7 | 27 | +58.1% |
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| Parent Company | 42.7 | 27 | +58.1% |
| Deferred Tax Liabilities | 312.7 | 139.1 | +124.8% |
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| Parent Company | 312.7 | 139.1 | +124.8% |
| Total Liabilities | 10,704.5 | 9,981.6 | +7.2% |
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| Parent Company | 2,301.1 | 2,088.1 | +10.2% |
| Other Liabilities | |||
| Deposits With Banks | 78.5 | 85.4 | -8.1% |
| Available For Sale Securities Debt Securities | 8,466.7 | 7,265.9 | +16.5% |
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| Fair Value Inputs Level2 | 8,466.7 | 7,265.9 | +16.5% |
| Fair Value Inputs Level2 · Domestic Corporate Debt Securities | 1,034.8 | 925.6 | +11.8% |
| Fair Value Inputs Level2 · Foreign Corporate Debt Securities | 471.2 | 484.5 | -2.7% |
| Fair Value Inputs Level2 · Foreign Government Debt Securities | 235.2 | 211.6 | +11.2% |
| Fair Value Inputs Level2 · Mortgage Backed Securities Issued By US Government Sponsored Enterprises | 5,260.8 | 4,502.3 | +16.8% |
| Fair Value Inputs Level2 · Municipal Bonds | 960.1 | 776.5 | +23.6% |
| Fair Value Inputs Level2 · US Government Agencies Debt Securities | 261 | 189.8 | +37.5% |
| Fair Value Inputs Level2 · US Treasury Bond Securities | 243.6 | 175.6 | +38.7% |
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| Bank Loan Obligations | 49 | — | — |
| Bank Loan Obligations · External Credit Rating Non Investment Grade | 46.5 | — | — |
| Debt Securities Excluding Mortgage Backed Securities | 3,205.9 | — | — |
| Domestic Corporate Debt Securities | 1,034.8 | 925.6 | +11.8% |
| Domestic Corporate Debt Securities · A- or higher | 645.9 | — | — |
| Domestic Corporate Debt Securities · BBB+ to BBB- | 312.5 | — | — |
| Domestic Corporate Debt Securities · External Credit Rating Non Investment Grade | 76.4 | — | — |
| Emerging Market Securities | 30.7 | — | — |
| Emerging Market Securities · External Credit Rating Non Investment Grade | 3.1 | — | — |
| Foreign Corporate Debt Securities | 471.2 | 484.5 | -2.7% |
| Foreign Corporate Debt Securities · A- or higher | 277.8 | — | — |
| Foreign Corporate Debt Securities · BBB+ to BBB- | 179.3 | — | — |
| Foreign Corporate Debt Securities · External Credit Rating Non Investment Grade | 14.1 | — | — |
| Foreign Government Debt Securities | 235.2 | 211.6 | +11.2% |
| Foreign Government Debt Securities · A- or higher | 228.5 | — | — |
| Foreign Government Debt Securities · BBB+ to BBB- | 5.9 | — | — |
| Foreign Government Debt Securities · External Credit Rating Non Investment Grade | 0.8 | — | — |
| High Yield Corporate Debt Securities · External Credit Rating Non Investment Grade | 41.7 | — | — |
| Mortgage Backed Securities Issued By US Government Sponsored Enterprises | 5,260.8 | 4,502.3 | +16.8% |
| Mortgage Backed Securities Issued By US Government Sponsored Enterprises · A- or higher | 5,260.8 | — | — |
| Municipal Bonds | 960.1 | 776.5 | +23.6% |
| Municipal Bonds · A- or higher | 938.5 | — | — |
| Municipal Bonds · BBB+ to BBB- | 20.3 | — | — |
| Municipal Bonds · External Credit Rating Non Investment Grade | 1.3 | — | — |
| US Government Agencies Debt Securities | 261 | 189.8 | +37.5% |
| US Government Agencies Debt Securities · A- or higher | 261 | — | — |
| US Treasury Bond Securities | 243.6 | 175.6 | +38.7% |
| US Treasury Bond Securities · A- or higher | 243.6 | — | — |
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| A- or higher · External Credit Rating Investment Grade | 7,856.1 | — | — |
| BBB+ to BBB- · External Credit Rating Investment Grade | 518 | — | — |
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| External Credit Rating Non Investment Grade | 92.6 | — | — |
| Deposits | 5,292.7 | 5,048.1 | +4.8% |
| Other Current And Non Current Liabilities | 192.9 | 173.3 | +11.3% |
| Unearned Premiums | 214 | 210.4 | +1.7% |
| Liability For Claims And Claims Adjustment Expense | 1,169.6 | 1,193.4 | -2.0% |
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| Title Insurance Segment | 1,150.5 | 1,164.7 | -1.2% |
| Operating Lease Liability | 218.2 | 229.9 | -5.1% |
| Secured Financings Payable | 906.5 | 643.8 | +40.8% |
| Debt And Capital Lease Obligations | 1,545.4 | 1,546.6 | -0.1% |
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| Parent Company | 1,537.6 | 1,535.6 | +0.1% |
| Commitments And Contingencies (Q) | — | — | — |
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| Parent Company | 0 | 0 | — |
| Stockholders' Equity | |||
| Additional Paid In Capital Common Stock | 1,744.4 | 1,787.6 | -2.4% |
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| Parent Company | 1,744.4 | 1,787.6 | -2.4% |
| Retained Earnings | 4,011.8 | 3,617.3 | +10.9% |
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| Parent Company | 4,011.8 | 3,617.3 | +10.9% |
| Accumulated Other Comprehensive Income | -256.7 | -496.4 | +48.3% |
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| Parent Company | -256.7 | -496.4 | +48.3% |
| Total Stockholders' Equity | 5,499.5 | 4,908.5 | +12.0% |
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| Parent Company | 5,499.5 | 4,908.5 | +12.0% |
| Stockholders Equity Including Portion Attributable To Noncontrolling Interest | 5,524.3 | 4,927 | +12.1% |
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| Accumulated Defined Benefit Plans Adjustment Net Transition Asset Obligation | -32.8 | -31.7 | -3.5% |
| Accumulated Net Unrealized Investment Gain Loss | -147.6 | -353.7 | +58.3% |
| Accumulated Other Comprehensive Income | -256.7 | -496.4 | +48.3% |
| Accumulated Translation Adjustment | -76.3 | -111 | +31.3% |
| Additional Paid In Capital | 1,744.4 | 1,787.6 | -2.4% |
| Noncontrolling Interest | 24.8 | 18.5 | +34.1% |
| Parent | 5,499.5 | 4,908.5 | +12.0% |
| Retained Earnings | 4,011.8 | 3,617.3 | +10.9% |
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| Parent Company | 5,524.3 | 4,927 | +12.1% |
| Total Liabilities & Equity | 16,228.8 | 14,908.6 | +8.9% |
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| Parent Company | 7,825.4 | 7,015.1 | +11.6% |
| Minority Interest | 24.8 | 18.5 | +34.1% |
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| Parent Company | 24.8 | 18.5 | +34.1% |
Cash Flow Statement
| Metric | FY 2025 | FY 2024 | YoY |
|---|---|---|---|
| Operating Activities | |||
| Accretion Amortization Of Discounts And Premiums Investments | -45.2 | -3 | -1406.7% |
| Stock-Based Compensation | 68.4 | 52 | +31.5% |
| Income Loss From Equity Method Investments | -7.2 | -7.4 | +2.7% |
| Equity Method Investment Dividends Or Distributions | 9.9 | 6.4 | +54.7% |
| Claims Paid Including Assets Acquired Net Of Recoveries | -358.4 | -397.8 | +9.9% |
| Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable | 149.6 | 35.2 | +325.0% |
| Increase Decrease In Accounts And Other Receivables | -57.4 | 126.2 | -145.5% |
| Increase Decrease In Accounts Payable And Accrued Liabilities | 74.8 | 45.9 | +63.0% |
| Increase Decrease In Unearned Premiums | 3.3 | 13.7 | -75.9% |
| Other Operating Activities Cash Flow Statement | -34.1 | -35.3 | +3.4% |
| Net Cash from Operations | 950.8 | 897.5 | +5.9% |
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| Parent Company | 631.9 | 221.8 | +184.9% |
| Deferred Income Taxes | 137.8 | 10.1 | +1264.4% |
| Investing Activities | |||
| Payments For Proceeds From Businesses And Interest In Affiliates | -2.5 | -16.4 | +84.8% |
| Increase Decrease In Deposits With Banks | 9.5 | -35 | +127.1% |
| Purchases of Investments | -2,857.9 | -6,298.8 | +54.6% |
| Proceeds From Sale Of Available For Sale Securities Debt | 1,263.3 | 5,462.9 | -76.9% |
| Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities | 688.4 | 675.5 | +1.9% |
| Payments To Acquire Equity Securities | -115.2 | -44.7 | -157.7% |
| Proceeds From Sale Of Equity Securities | 50.8 | 69.1 | -26.5% |
| Payments For Proceeds From Longterm Investments | -11.3 | -7.6 | -48.7% |
| Payments For Advances Under Secured Financing Agreements | -45,342.1 | -29,164.2 | -55.5% |
| Proceeds From Collections Of Secured Financings Receivable | 45,046 | 29,114.2 | +54.7% |
| Payments To Acquire Productive Assets | -188.3 | -218.3 | +13.7% |
| Proceeds From Sale Of Property Plant And Equipment | 0.6 | 0.6 | 0.0% |
| Proceeds From Insurance Settlement Investing Activities | 2.8 | 4 | -30.0% |
| Net Cash from Investing | -1,455.9 | -458.7 | -217.4% |
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| Parent Company | -150.9 | -66.8 | -125.9% |
| Financing Activities | |||
| Increase Decrease In Deposits | 244.6 | -2,259.9 | +110.8% |
| Proceeds From Borrowings Under Secured Financing Agreements | 44,061.6 | 28,408.3 | +55.1% |
| Repayments Of Secured Financings Payable | -43,799.8 | -28,317.8 | -54.7% |
| Repayments Of Long Term Debt | -3.7 | -4.2 | +11.9% |
| Proceeds From Payments To Minority Shareholders | -3.2 | 2.5 | -228.0% |
| Proceeds Payments Related To Shares Issued In Connection With Restricted Stock Unit Option And Benefit Plans | 7 | 6.9 | +1.4% |
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| Parent Company | 7 | 6.9 | +1.4% |
| Share Repurchases | -122.3 | -68.5 | -78.5% |
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| Parent Company | -122.3 | -68.5 | -78.5% |
| Payments Of Dividends | -223 | -220.7 | -1.0% |
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| Parent Company | -223 | -220.7 | -1.0% |
| Net Cash from Financing | 161.2 | -2,309.4 | +107.0% |
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| Parent Company | -338.3 | -138.1 | -145.0% |
| Supplemental | |||
| Interest Paid | 151.9 | 150.6 | +0.9% |
| Cash Paid For Premium Taxes | 73.7 | 57.3 | +28.6% |
| Income Taxes Paid | 67.1 | 22.1 | +203.6% |
| Proceeds From Income Tax Refunds | -15.6 | -23.6 | +33.9% |
| Income Taxes Paid | 51.5 | -1.5 | +3533.3% |
| Other Cash Flow | |||
| Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents | 13.1 | -16.6 | +178.9% |
| Net Change in Cash | -330.8 | -1,887.2 | +82.5% |
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| Parent Company | 142.7 | 16.9 | +744.4% |
| Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents | 1,387.3 | 1,718.1 | -19.3% |
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| Parent Company | 338.9 | 196.2 | +72.7% |
Values in millions USD. Source: SEC EDGAR 10-K filing.