Cannae (CNNE) Financials

$17.92 -0.19 (-1.07%)

Closing price 03:59 PM Eastern

Extended Trading

$17.90 -0.02 (-0.09%)

As of 04:43 PM Eastern

Annual Income Statements for Cannae

This table shows Cannae's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	-23	-12	109	28	77	1,786	-287	-428	-313	-305
Consolidated Net Income / (Loss)	-7.30	-12	93	-11	47	1,760	-286	-430	-324	-310
Net Income / (Loss) Continuing Operations	-10	-14	-57	-8.50	99	1,760	-286	-430	-324	-310
Total Pre-Tax Income	-3.80	5.20	-74	23	238	2,182	-433	-336	-207	-264
Total Operating Income	-12	-2.20	-78	-146	-118	-189	-134	-145	-119	-104
Total Gross Profit	134	126	166	156	157	61	45	31	43	2.90
Total Revenue	1,415	1,178	1,157	1,148	1,070	586	742	662	570	453
Operating Revenue	1,412	1,178	1,157	1,148	1,070	586	742	662	570	453
Total Cost of Revenue	1,281	1,052	991	991	913	524	698	631	527	450
Operating Cost of Revenue	1,281	1,052	991	991	913	524	698	631	527	450
Total Operating Expenses	146	128	243	302	275	250	178	176	162	107
Selling, General & Admin Expense	96	84	101	92	133	117	152	153	143	93
Depreciation Expense	50	45	46	46	41	31	27	23	19	13
Total Other Income / (Expense), net	8.30	7.40	3.20	168	356	2,370	-300	-191	-88	-160
Interest Expense	5.50	5.20	7.00	4.70	18	9.00	9.80	12	18	12
Interest & Investment Income	2.00	3.30	5.30	6.30	16	17	21	2.50	14	4.60
Other Income / (Expense), net	12	9.30	4.90	167	358	2,362	-311	-181	-84	-153
Income Tax Expense	-20	-10	-14	15	24	481	-74	-90	-77	-0.40
Other Gains / (Losses), net	-26	-30	3.40	-16	-115	59	73	-184	-194	-47
Net Income / (Loss) Attributable to Noncontrolling Interest	16	0.50	-16	-38	-31	-26	0.60	-1.50	-11	-5.50
Basic Earnings per Share	($0.32)	($0.18)	$1.54	$0.39	$1.07	$20.84	($3.19)	($5.25)	($4.27)	($4.73)
Weighted Average Basic Shares Outstanding	70.60M	70.60M	70.60M	71.20M	72.20M	85.70M	90.10M	81.60M	73.40M	64.40M
Diluted Earnings per Share	($0.32)	($0.18)	$1.54	$0.39	$1.07	$20.79	($3.19)	($5.25)	($4.27)	($4.73)
Weighted Average Diluted Shares Outstanding	70.60M	70.60M	70.60M	71.30M	72.40M	85.90M	90.10M	81.60M	73.40M	64.40M
Weighted Average Basic & Diluted Shares Outstanding	-	68.90M	70.60M	70.80M	79.52M	91.65M	86.49M	76.26M	72.48M	62.79M

This table shows Cannae's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	55	28	-4.10	-87	-157	-65	-90	-155	-14	-46
Consolidated Net Income / (Loss)	55	29	-6.90	-90	-171	-56	-92	-155	-18	-46
Net Income / (Loss) Continuing Operations	55	29	-6.90	-90	-171	-56	-92	-155	-18	-46
Total Pre-Tax Income	150	81	28	-63	-185	13	-50	-169	3.20	-48
Total Operating Income	-21	-21	-23	-20	-52	-25	-41	-23	-18	-22
Total Gross Profit	11	8.70	7.10	13	12	11	-6.70	6.70	2.80	0.10
Total Revenue	165	156	154	153	144	119	111	118	114	110
Operating Revenue	165	156	154	153	144	119	111	118	114	110
Total Cost of Revenue	154	147	147	140	132	108	117	111	111	110
Operating Cost of Revenue	154	147	147	140	132	108	117	111	111	110
Total Operating Expenses	32	29	30	33	63	36	34	30	21	22
Selling, General & Admin Expense	27	24	25	28	58	33	31	26	18	19
Depreciation Expense	5.70	5.10	5.10	4.60	5.90	3.40	3.30	3.40	3.30	3.30
Total Other Income / (Expense), net	171	101	51	-44	-133	38	-9.10	-146	21	-26
Interest Expense	3.60	3.70	4.40	4.00	5.80	3.70	2.60	2.00	2.90	4.10
Interest & Investment Income	0.00	2.40	2.80	2.70	3.40	4.70	2.10	0.70	0.80	1.00
Other Income / (Expense), net	175	103	52	-42	-131	37	-8.60	-145	23	-23
Income Tax Expense	17	22	2.60	-22	-41	-17	53	-34	-6.20	-14
Other Gains / (Losses), net	-78	-30	-32	-49	-26	-87	11	-19	-27	-12
Net Income / (Loss) Attributable to Noncontrolling Interest	-0.10	1.70	-2.80	-3.20	-13	8.60	-1.90	0.00	-3.90	0.30
Basic Earnings per Share	$0.69	$0.09	($0.05)	($1.16)	($2.18)	($0.88)	($1.27)	($2.49)	($0.22)	($0.75)
Weighted Average Basic Shares Outstanding	79.60M	81.60M	76.10M	75.40M	72.10M	73.40M	70.80M	62.20M	62.40M	64.40M
Diluted Earnings per Share	$0.69	$0.09	($0.05)	($1.16)	($2.18)	($0.88)	($1.27)	($2.49)	($0.22)	($0.75)
Weighted Average Diluted Shares Outstanding	79.60M	81.60M	76.10M	75.40M	72.10M	73.40M	70.90M	62.20M	62.40M	64.40M
Weighted Average Basic & Diluted Shares Outstanding	78.02M	76.26M	76.49M	73.37M	70.71M	72.48M	62.77M	62.73M	62.74M	62.79M

This table details how cash moves in and out of Cannae's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	72	-129	99	77	211	191	-639	162	-142	25
Net Cash From Operating Activities	11	60	-91	-23	-84	-114	-176	-205	-88	-90
Net Cash From Continuing Operating Activities	11	60	-91	-23	-84	-114	-176	-205	-88	-90
Net Income / (Loss) Continuing Operations	-7.30	-12	93	-11	47	1,760	-286	-430	-324	-310
Consolidated Net Income / (Loss)	-7.30	-12	93	-11	47	1,760	-286	-430	-324	-310
Depreciation Expense	66	63	58	61	55	31	26	23	19	13
Amortization Expense	-	-	-	0.00	39	25	23	22	19	15
Non-Cash Adjustments To Reconcile Net Income	45	37	-286	-79	-135	-2,270	263	416	329	224
Changes in Operating Assets and Liabilities, net	-92	-27	45	5.10	-89	341	-201	-236	-131	-32
Net Cash From Investing Activities	273	-168	92	187	-24	-74	-272	521	53	298
Net Cash From Continuing Investing Activities	273	-168	92	187	-24	-74	-272	521	53	298
Purchase of Property, Plant & Equipment	-55	-50	-40	-16	-28	-22	-14	-14	-10	-7.00
Acquisitions	-34	-150	-224	0.00	-602	8.60	-	0.00	0.00	0.00
Purchase of Investments	-34	-46	-5.60	-42	0.00	-325	-1,005	-178	-331	-266
Sale of Property, Plant & Equipment	82	0.00	0.00	4.90	21	4.40	10	9.20	7.30	6.80
Sale and/or Maturity of Investments	316	78	34	26	37	787	774	350	387	375
Other Investing Activities, net	-0.60	-0.70	1.40	56	70	-527	-102	354	0.00	190
Net Cash From Financing Activities	-213	-21	98	-86	319	379	-190	-154	-107	-183
Net Cash From Continuing Financing Activities	-213	-21	98	-86	319	379	-190	-154	-107	-183
Repayment of Debt	-31	-45	-36	-124	-291	-109	-236	-225	-58	-29
Repurchase of Common Equity	-	-	0.00	0.00	-4.90	-14	-160	-230	-113	-231
Payment of Dividends	-28	-0.70	-0.40	-0.10	-0.90	-0.80	-0.20	-8.10	-0.70	-23
Issuance of Debt	132	77	84	34	367	45	207	309	66	104
Other Financing Activities, net	-286	-52	50	-0.20	12	-0.80	-0.20	0.00	-0.20	-3.60

This table details how cash moves in and out of Cannae's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Net Change in Cash & Equivalents	271	-123	-63	-72	-55	48	132	-193	115	-29
Net Cash From Operating Activities	-54	-18	-20	-15	-20	-33	-36	-10	-32	-12
Net Cash From Continuing Operating Activities	-54	-18	-20	-15	-20	-33	-36	-10	-32	-12
Net Income / (Loss) Continuing Operations	55	29	-6.90	-90	-171	-56	-92	-155	-18	-46
Consolidated Net Income / (Loss)	55	29	-6.90	-90	-171	-56	-92	-155	-18	-46
Depreciation Expense	5.70	5.10	5.10	4.60	5.90	3.40	3.30	3.40	3.30	3.30
Amortization Expense	5.00	6.50	4.90	4.80	4.60	5.00	3.40	3.30	3.40	4.40
Non-Cash Adjustments To Reconcile Net Income	-96	-72	-18	96	187	65	1.80	173	6.90	43
Changes in Operating Assets and Liabilities, net	-24	13	-4.40	-29	-47	-50	47	-35	-28	-17
Net Cash From Investing Activities	361	-41	-44	-6.60	17	87	195	58	55	-8.80
Net Cash From Continuing Investing Activities	361	-41	-44	-6.60	17	87	195	58	55	-8.80
Purchase of Property, Plant & Equipment	-2.60	-4.10	-2.50	-2.20	-2.30	-3.00	-1.30	-1.60	-1.70	-2.40
Acquisitions	-	247	-40	-56	-66	162	-34	-	-1.70	36
Purchase of Investments	-1.40	-173	-84	-64	-11	-173	-88	-15	-7.60	-156
Sale of Property, Plant & Equipment	-	7.80	0.00	-	-	7.30	1.00	2.40	3.30	0.10
Sale and/or Maturity of Investments	4.80	172	4.00	115	174	94	140	41	169	25
Other Investing Activities, net	-	-	-	-	-	-	-	-	-	89
Net Cash From Financing Activities	-36	-64	1.20	-51	-52	-5.30	-26	-240	92	-8.40
Net Cash From Continuing Financing Activities	-36	-64	1.20	-51	-52	-5.30	-26	-240	92	-8.40
Repayment of Debt	-0.50	-11	-1.00	-1.00	-56	-0.90	-26	-1.60	-0.40	-0.80
Repurchase of Common Equity	-34	-50	-3.10	-52	-51	-7.10	0.00	-231	0.20	-0.20
Payment of Dividends	-	-3.50	-	-	-0.10	-0.60	-	-	-7.50	-7.70
Issuance of Debt	2.70	0.20	5.40	2.40	55	3.40	0.30	0.10	103	0.50
Other Financing Activities, net	-	-	-0.10	-	-	-0.10	-0.60	-	-2.80	-0.20

This table presents Cannae's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Total Assets	1,473	1,487	1,460	2,092	4,613	3,890	3,126	2,687	2,229
Total Current Assets	273	350	452	631	844	122	311	177	197
Cash & Equivalents	142	246	316	534	725	86	248	106	132
Short-Term Investments	52	18	31	0.00	35	0.00	35	16	6.20
Current Deferred & Refundable Income Taxes	-	-	-	-	-	0.00	1.90	26	36
Other Current Assets	-	-	-	97	84	36	26	30	24
Plant, Property, & Equipment, net	235	219	176	163	146	101	88	59	62
Total Noncurrent Assets	966	918	832	1,299	3,623	3,667	2,727	2,451	1,970
Long-Term Investments	476	490	463	922	1,517	2,370	2,087	1,864	1,636
Noncurrent Note & Lease Receivables	-	-	-	193	202	172	156	144	136
Goodwill	103	203	77	66	53	53	53	53	53
Intangible Assets	112	215	92	63	52	27	24	17	15
Noncurrent Deferred & Refundable Income Taxes	33	11	24	55	-	0.00	23	82	74
Other Noncurrent Operating Assets	-	-	-	0.00	1,799	1,045	385	291	56
Total Liabilities & Shareholders' Equity	1,473	1,487	1,460	2,092	4,613	3,890	3,126	2,687	2,229
Total Liabilities	464	334	260	562	828	549	411	378	414
Total Current Liabilities	160	250	160	199	202	180	123	108	147
Short-Term Debt	11	122	5.90	7.00	11	2.30	2.30	2.50	61
Accounts Payable	92	101	96	86	93	106	79	74	55
Current Deferred Revenue	25	26	26	26	24	23	19	17	16
Other Current Liabilities	-	-	-	42	26	24	23	14	15
Total Noncurrent Liabilities	304	84	100	364	626	369	288	270	267
Long-Term Debt	93	13	42	120	52	14	95	103	120
Other Noncurrent Operating Liabilities	61	63	57	244	249	211	193	168	147
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,010	1,153	1,200	1,530	3,785	3,341	2,715	2,309	1,815
Total Preferred & Common Equity	894	1,059	1,125	1,489	3,780	3,335	2,719	2,325	1,837
Preferred Stock	-	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	894	1,059	1,125	1,489	3,780	3,335	2,719	2,325	1,837
Common Stock	0.00	1,130	1,146	1,397	1,876	1,888	1,936	1,977	2,013
Retained Earnings	0.00	0.20	46	144	1,930	1,643	1,215	901	567
Treasury Stock	-	0.00	-0.20	-5.90	-21	-189	-414	-534	-725
Accumulated Other Comprehensive Income / (Loss)	-68	-71	-67	-46	-4.90	-7.20	-18	-20	-19
Noncontrolling Interest	116	94	75	41	5.60	5.80	-3.90	-15	-21

This table presents Cannae's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024
Total Assets	3,181	3,133	2,996	2,768	2,610	2,224	2,286
Total Current Assets	399	313	190	126	336	101	215
Cash & Equivalents	371	185	113	58	238	46	161
Short-Term Investments	-	105	54	19	46	8.90	8.90
Current Deferred & Refundable Income Taxes	-	0.00	0.00	4.50	25	25	26
Other Current Assets	27	23	24	45	26	21	20
Plant, Property, & Equipment, net	89	85	79	63	57	64	63
Total Noncurrent Assets	2,694	2,735	2,727	2,579	2,217	2,059	2,008
Long-Term Investments	2,046	2,109	2,119	2,025	1,824	1,661	1,643
Noncurrent Note & Lease Receivables	159	153	150	123	141	140	138
Goodwill	53	53	53	53	53	53	53
Intangible Assets	24	23	22	22	16	16	15
Noncurrent Deferred & Refundable Income Taxes	76	31	48	85	29	63	69
Other Noncurrent Operating Assets	335	366	335	271	153	126	90
Total Liabilities & Shareholders' Equity	3,181	3,133	2,996	2,768	2,610	2,224	2,286
Total Liabilities	456	414	414	403	345	341	423
Total Current Liabilities	166	124	128	118	101	99	84
Short-Term Debt	13	1.50	5.00	3.10	1.90	0.50	1.90
Accounts Payable	77	77	87	88	70	70	56
Current Deferred Revenue	14	15	14	12	15	14	12
Other Current Liabilities	23	22	21	16	14	14	14
Total Noncurrent Liabilities	289	290	286	284	244	241	339
Long-Term Debt	96	100	98	100	77	78	179
Other Noncurrent Operating Liabilities	194	190	187	185	166	164	160
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	2,726	2,719	2,582	2,366	2,265	1,884	1,863
Total Preferred & Common Equity	2,728	2,725	2,592	2,389	2,282	1,901	1,884
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	2,728	2,725	2,592	2,389	2,282	1,901	1,884
Common Stock	1,924	1,946	1,957	1,966	1,985	1,998	2,005
Retained Earnings	1,187	1,211	1,123	966	805	642	621
Treasury Stock	-363	-414	-475	-527	-491	-722	-725
Accumulated Other Comprehensive Income / (Loss)	-21	-17	-14	-16	-17	-18	-17
Noncontrolling Interest	-2.00	-6.80	-10	-23	-17	-17	-21

This table displays calculated financial ratios and metrics derived from Cannae's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	0.00%	-16.70%	-1.85%	-0.79%	-6.75%	-45.26%	26.72%	-10.79%	-13.91%	-20.61%
EBITDA Growth	0.00%	7.36%	-120.71%	667.59%	305.10%	568.72%	-117.73%	28.86%	41.50%	-39.27%
EBIT Growth	0.00%	2,466.67%	-1,122.54%	128.93%	1,043.33%	805.33%	-120.44%	26.67%	37.75%	-26.68%
NOPAT Growth	0.00%	22.08%	-721.97%	9.62%	-115.45%	-39.09%	36.40%	-8.31%	17.77%	12.78%
Net Income Growth	0.00%	-63.01%	877.31%	-111.46%	541.51%	3,660.26%	-116.27%	-50.00%	24.56%	4.32%
EPS Growth	0.00%	43.75%	955.56%	-74.68%	174.36%	1,842.99%	-115.34%	-64.58%	18.67%	-10.77%
Operating Cash Flow Growth	0.00%	443.24%	-250.41%	74.75%	-267.69%	-35.27%	-54.61%	-16.47%	57.19%	-2.62%
Free Cash Flow Firm Growth	0.00%	0.00%	39.19%	208.90%	-127.15%	-2,181.17%	138.01%	-37.99%	-119.22%	293.09%
Invested Capital Growth	0.00%	0.00%	46.99%	-55.04%	-16.28%	681.70%	-42.64%	-50.89%	-3.27%	-47.93%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	-3.79%	1.83%	-15.58%	1.57%	-3.81%	-6.00%	-2.04%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%	291.90%	54.14%	27.72%	-213.20%	41.98%	-79.39%	-33.82%
EBIT Q/Q Growth	0.00%	0.00%	0.00%	154.12%	49.88%	29.39%	-249.80%	38.56%	-52.25%	-28.64%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%	39.93%	-37.37%	3.40%	13.38%	9.85%	-3.48%	2.54%
Net Income Q/Q Growth	0.00%	0.00%	0.00%	75.23%	-28.88%	42.10%	-181.13%	24.71%	-35.78%	3.24%
EPS Q/Q Growth	0.00%	0.00%	0.00%	230.00%	-23.57%	31.42%	-195.51%	19.97%	-29.39%	2.67%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	-36.80%	18.51%	-537.88%	51.74%	-172.60%	7.32%	-20.60%	19.12%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%	-161.21%	-26.84%	3,571.50%	-53.81%	-131.18%	120.38%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	-57.75%	-47.48%	10.13%	-30.84%	6.14%	16.86%	-3.80%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	9.48%	10.69%	14.32%	13.61%	14.69%	10.48%	6.02%	4.71%	7.54%	0.64%
EBITDA Margin	4.61%	5.94%	-1.25%	7.17%	31.16%	380.66%	-53.26%	-42.47%	-28.86%	-50.63%
Operating Margin	-0.86%	-0.19%	-6.70%	-12.71%	-10.99%	-32.18%	-17.99%	-21.84%	-20.86%	-22.92%
EBIT Margin	-0.02%	0.60%	-6.28%	1.83%	22.44%	371.13%	-59.86%	-49.21%	-35.58%	-56.77%
Profit (Net Income) Margin	-0.52%	-1.01%	8.00%	-0.92%	4.37%	300.46%	-38.59%	-64.88%	-56.86%	-68.53%
Tax Burden Percent	192.11%	-228.85%	-124.50%	-46.90%	19.67%	80.65%	66.14%	128.01%	156.49%	117.51%
Interest Burden Percent	1,266.67%	73.24%	102.34%	107.62%	99.08%	100.38%	97.46%	103.01%	102.12%	102.72%
Effective Tax Rate	0.00%	-200.00%	0.00%	66.37%	10.17%	22.05%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	0.00%	-3.63%	-12.09%	-12.66%	-47.88%	-16.57%	-7.56%	-15.06%	-19.11%	-22.29%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	-1.99%	-35.28%	-17.53%	-61.20%	-124.24%	0.74%	-1.12%	-7.51%	-8.61%
Return on Net Nonoperating Assets (RNNOA)	0.00%	1.27%	20.64%	11.76%	51.30%	82.79%	-0.48%	0.87%	6.21%	7.25%
Return on Equity (ROE)	0.00%	-2.36%	8.55%	-0.90%	3.43%	66.22%	-8.04%	-14.19%	-12.90%	-15.04%
Cash Return on Invested Capital (CROIC)	0.00%	-203.63%	-50.13%	63.28%	-30.16%	-171.21%	46.64%	53.21%	-15.78%	40.75%
Operating Return on Assets (OROA)	0.00%	0.48%	-4.90%	1.43%	13.52%	64.83%	-10.45%	-9.29%	-6.98%	-10.45%
Return on Assets (ROA)	0.00%	-0.81%	6.25%	-0.72%	2.64%	52.49%	-6.74%	-12.25%	-11.15%	-12.62%
Return on Common Equity (ROCE)	0.00%	-2.09%	7.72%	-0.84%	3.28%	65.64%	-8.03%	-14.18%	-12.95%	-15.17%
Return on Equity Simple (ROE_SIMPLE)	0.00%	-1.33%	8.73%	-0.94%	3.14%	46.56%	-8.59%	-15.80%	-13.94%	-16.89%
Net Operating Profit after Tax (NOPAT)	-8.47	-6.60	-54	-49	-106	-147	-93	-101	-83	-73
NOPAT Margin	-0.60%	-0.56%	-4.69%	-4.27%	-9.87%	-25.09%	-12.59%	-15.29%	-14.60%	-16.04%
Net Nonoperating Expense Percent (NNEP)	0.00%	-1.64%	23.20%	4.87%	13.32%	107.67%	-8.29%	-13.94%	-11.60%	-13.68%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-3.60%	-3.45%	-3.64%
Cost of Revenue to Revenue	90.52%	89.31%	85.68%	86.39%	85.31%	89.52%	93.98%	95.29%	92.46%	99.36%
SG&A Expenses to Revenue	6.81%	7.09%	8.76%	8.00%	12.47%	19.91%	20.43%	23.11%	25.07%	20.62%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	10.33%	10.88%	21.02%	26.32%	25.68%	42.67%	24.01%	26.55%	28.40%	23.56%
Earnings before Interest and Taxes (EBIT)	-0.30	7.10	-73	21	240	2,174	-444	-326	-203	-257
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	65	70	-15	82	333	2,230	-395	-281	-165	-229
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	1.13	1.09	1.79	1.07	0.93	0.58	0.58	0.68
Price to Tangible Book Value (P/TBV)	0.00	0.00	1.86	1.28	1.96	1.10	0.95	0.60	0.60	0.70
Price to Revenue (P/Rev)	0.00	0.00	1.03	1.06	2.49	6.88	4.18	2.39	2.38	2.75
Price to Earnings (P/E)	0.00	0.00	10.97	44.27	34.43	2.26	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.81%
Earnings Yield	0.00%	0.00%	9.12%	2.26%	2.90%	44.32%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	1.25	2.23	6.83	1.16	0.74	0.00	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	0.58	0.47	1.28	3.11	0.90	0.00	0.00	0.00
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	6.50	4.12	0.82	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	25.47	5.72	0.84	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	2.18	0.00	0.00	1.16	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.10	0.12	0.04	0.08	0.02	0.00	0.04	0.05	0.10
Long-Term Debt to Equity	0.00	0.09	0.01	0.04	0.08	0.01	0.00	0.04	0.04	0.07
Financial Leverage	0.00	-0.64	-0.58	-0.67	-0.84	-0.67	-0.65	-0.78	-0.83	-0.84
Leverage Ratio	0.00	1.46	1.37	1.25	1.30	1.26	1.19	1.16	1.16	1.19
Compound Leverage Factor	0.00	1.07	1.40	1.35	1.29	1.27	1.16	1.19	1.18	1.22
Debt to Total Capital	0.00%	9.39%	10.47%	3.85%	7.67%	1.65%	0.49%	3.46%	4.35%	9.07%
Short-Term Debt to Total Capital	0.00%	1.02%	9.49%	0.47%	0.42%	0.29%	0.07%	0.08%	0.10%	3.06%
Long-Term Debt to Total Capital	0.00%	8.37%	0.99%	3.38%	7.25%	1.36%	0.42%	3.38%	4.25%	6.01%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	10.44%	7.27%	6.02%	2.49%	0.15%	0.17%	-0.14%	-0.63%	-1.06%
Common Equity to Total Capital	0.00%	80.17%	82.25%	90.13%	89.84%	98.20%	99.34%	96.68%	96.28%	92.00%
Debt to EBITDA	0.00	1.50	-9.30	0.58	0.38	0.03	-0.04	-0.35	-0.64	-0.79
Net Debt to EBITDA	0.00	-8.07	42.68	-9.26	-3.99	-0.99	6.17	8.08	11.43	6.95
Long-Term Debt to EBITDA	0.00	1.33	-0.88	0.51	0.36	0.02	-0.04	-0.34	-0.62	-0.52
Debt to NOPAT	0.00	-15.86	-2.49	-0.98	-1.20	-0.43	-0.18	-0.96	-1.26	-2.49
Net Debt to NOPAT	0.00	85.55	11.41	15.55	12.58	15.06	26.10	22.45	22.60	21.94
Long-Term Debt to NOPAT	0.00	-14.14	-0.23	-0.86	-1.14	-0.36	-0.15	-0.94	-1.23	-1.65
Altman Z-Score	0.00	0.00	2.84	3.94	4.07	5.35	3.78	2.79	2.62	2.01
Noncontrolling Interest Sharing Ratio	0.00%	11.52%	9.71%	7.17%	4.26%	0.88%	0.16%	0.03%	-0.38%	-0.89%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.00	1.71	1.40	2.82	3.18	4.18	0.68	2.53	1.65	1.34
Quick Ratio	0.00	1.37	1.20	2.36	2.69	3.76	0.48	2.30	1.13	0.94
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-370	-225	245	-67	-1,518	577	358	-69	133
Operating Cash Flow to CapEx	0.00%	121.57%	-226.18%	-208.18%	-1,220.29%	-636.31%	-5,336.36%	-4,021.57%	-3,251.85%	-45,050.00%
Free Cash Flow to Firm to Interest Expense	0.00	-71.17	-32.15	52.14	-3.74	-168.65	58.86	29.08	-3.84	11.44
Operating Cash Flow to Interest Expense	2.02	11.60	-12.96	-4.87	-4.73	-12.66	-17.97	-16.67	-4.91	-7.77
Operating Cash Flow Less CapEx to Interest Expense	6.89	2.06	-18.69	-7.21	-5.12	-14.64	-18.31	-17.09	-5.06	-7.78
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.00	0.80	0.78	0.78	0.60	0.17	0.17	0.19	0.20	0.18
Accounts Receivable Turnover	0.00	47.71	38.23	34.67	0.00	0.00	0.00	0.00	0.00	0.00
Inventory Turnover	0.00	44.03	36.98	38.13	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.00	5.01	5.10	5.82	6.33	3.80	6.02	7.04	7.80	7.51
Accounts Payable Turnover	0.00	11.50	10.31	10.10	10.03	5.84	7.02	6.84	6.88	6.97
Days Sales Outstanding (DSO)	0.00	7.65	9.55	10.53	0.00	0.00	0.00	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	0.00	8.29	9.87	9.57	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	31.73	35.40	36.14	36.39	62.52	52.02	53.40	53.05	52.36
Cash Conversion Cycle (CCC)	0.00	-15.79	-15.98	-16.04	-36.39	-62.52	-52.02	-53.40	-53.05	-52.36
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	0.00	364	534	240	201	1,572	902	443	428	223
Invested Capital Turnover	0.00	6.48	2.58	2.96	4.85	0.66	0.60	0.98	1.31	1.39
Increase / (Decrease) in Invested Capital	0.00	364	171	-294	-39	1,371	-670	-459	-15	-205
Enterprise Value (EV)	0.00	0.00	669	535	1,374	1,822	670	-695	-542	-367
Market Capitalization	0.00	0.00	1,194	1,222	2,661	4,030	3,104	1,581	1,354	1,246
Book Value per Share	$0.00	$12.66	$15.01	$15.65	$20.66	$41.24	$37.51	$34.85	$32.87	$29.27
Tangible Book Value per Share	$0.00	$9.61	$9.10	$13.30	$18.87	$40.09	$36.61	$33.86	$31.88	$28.18
Total Capital	0.00	1,115	1,288	1,248	1,657	3,849	3,358	2,812	2,414	1,996
Total Debt	0.00	105	135	48	127	64	16	97	105	181
Total Long-Term Debt	0.00	93	13	42	120	52	14	95	103	120
Net Debt	0.00	-565	-619	-762	-1,329	-2,213	-2,439	-2,272	-1,881	-1,592
Capital Expenditures (CapEx)	-27	50	40	11	6.90	18	3.30	5.10	2.70	0.20
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	-69	-41	-50	-95	-106	-141	-92	-50	-26
Debt-free Net Working Capital (DFNWC)	0.00	125	223	298	439	654	-56	190	72	111
Net Working Capital (NWC)	0.00	113	100	292	432	642	-58	188	70	50
Net Nonoperating Expense (NNE)	-1.17	5.30	-147	-38	-152	-1,907	193	328	241	238
Net Nonoperating Obligations (NNO)	0.00	-646	-619	-960	-1,329	-2,213	-2,439	-2,272	-1,881	-1,592
Total Depreciation and Amortization (D&A)	66	63	58	61	93	56	49	45	38	28
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	-5.86%	-3.52%	-4.31%	-8.83%	-18.17%	-19.05%	-13.96%	-8.68%	-5.81%
Debt-free Net Working Capital to Revenue	0.00%	10.57%	19.25%	25.93%	41.05%	111.58%	-7.49%	28.73%	12.68%	24.62%
Net Working Capital to Revenue	0.00%	9.60%	8.68%	25.42%	40.39%	109.65%	-7.80%	28.38%	12.25%	11.14%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.32)	($0.18)	$1.54	$0.39	$1.07	$20.84	($3.19)	($5.25)	($4.27)	($4.73)
Adjusted Weighted Average Basic Shares Outstanding	70.60M	70.60M	70.60M	71.20M	72.20M	85.70M	90.10M	81.60M	73.40M	64.40M
Adjusted Diluted Earnings per Share	($0.32)	($0.18)	$1.54	$0.39	$1.07	$20.79	($3.19)	($5.25)	($4.27)	($4.73)
Adjusted Weighted Average Diluted Shares Outstanding	70.60M	70.60M	70.60M	71.30M	72.40M	85.90M	90.10M	81.60M	73.40M	64.40M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	68.90M	70.86M	72.22M	79.52M	91.65M	86.49M	76.26M	72.48M	62.79M
Normalized Net Operating Profit after Tax (NOPAT)	-8.47	-1.54	-54	-83	-96	-141	-93	-101	-83	-73
Normalized NOPAT Margin	-0.60%	-0.13%	-4.69%	-7.27%	-9.00%	-24.05%	-12.59%	-15.29%	-14.60%	-16.04%
Pre Tax Income Margin	-0.27%	0.44%	-6.42%	1.97%	22.23%	372.53%	-58.34%	-50.69%	-36.33%	-58.32%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-0.05	1.37	-10.37	4.47	13.49	241.52	-45.34	-26.49	-11.33	-22.15
NOPAT to Interest Expense	-1.54	-1.27	-7.75	-10.43	-5.93	-16.33	-9.54	-8.23	-4.65	-6.26
EBIT Less CapEx to Interest Expense	4.82	-8.17	-16.10	2.13	13.10	239.53	-45.67	-26.90	-11.48	-22.16
NOPAT Less CapEx to Interest Expense	3.33	-10.81	-13.48	-12.77	-6.32	-18.31	-9.87	-8.64	-4.80	-6.28
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	-376.71%	-5.88%	0.43%	-0.94%	1.92%	0.05%	-0.07%	-1.89%	-0.22%	-7.32%
Augmented Payout Ratio	-376.71%	-5.88%	0.43%	-0.94%	12.39%	0.86%	-56.01%	-55.31%	-35.14%	-81.94%

This table displays calculated financial ratios and metrics derived from Cannae's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-11.56%	-14.40%	-7.83%	-12.44%	-12.71%	-23.38%	-28.26%	-22.77%	-20.68%	-7.88%
EBITDA Growth	182.41%	185.00%	111.95%	74.96%	-204.74%	-77.86%	-207.87%	-208.02%	106.97%	-279.71%
EBIT Growth	172.84%	166.80%	108.63%	71.99%	-218.87%	-84.98%	-267.35%	-172.01%	102.90%	-465.04%
NOPAT Growth	-8.80%	40.59%	61.12%	27.41%	-92.35%	-274.41%	-38.12%	-17.35%	-46.35%	72.90%
Net Income Growth	146.58%	126.12%	97.23%	65.84%	-409.06%	-292.47%	-1,230.43%	-71.46%	89.74%	18.51%
EPS Growth	150.74%	107.38%	98.26%	63.17%	-415.94%	-1,077.78%	-2,440.00%	-114.66%	89.91%	14.77%
Operating Cash Flow Growth	27.69%	46.96%	48.83%	84.23%	63.01%	-81.97%	-82.74%	31.54%	-60.30%	63.96%
Free Cash Flow Firm Growth	716.75%	-31.18%	-34.11%	-83.10%	-98.34%	-109.54%	-21.79%	42.05%	467.37%	548.63%
Invested Capital Growth	-68.00%	-50.89%	-34.46%	-21.68%	-12.15%	-3.27%	-44.05%	-38.48%	-36.75%	-47.93%
Revenue Q/Q Growth	-5.73%	-5.35%	-0.90%	-0.97%	-6.02%	-16.92%	-7.21%	6.59%	-3.47%	-3.51%
EBITDA Q/Q Growth	178.55%	-43.13%	-57.86%	-232.99%	-228.63%	112.02%	-305.31%	-279.76%	107.43%	-410.00%
EBIT Q/Q Growth	169.67%	-46.71%	-64.10%	-310.20%	-195.63%	106.73%	-500.00%	-241.67%	103.15%	-947.17%
NOPAT Q/Q Growth	0.07%	19.64%	-35.57%	33.32%	-164.80%	-56.42%	49.99%	43.35%	-230.24%	71.04%
Net Income Q/Q Growth	120.86%	-47.10%	-123.63%	-1,210.14%	-88.72%	67.06%	-63.35%	-68.85%	88.71%	-161.71%
EPS Q/Q Growth	121.90%	-86.96%	-155.56%	-2,220.00%	-87.93%	59.63%	-44.32%	-96.06%	91.16%	-240.91%
Operating Cash Flow Q/Q Growth	43.07%	65.99%	-7.65%	24.37%	-33.56%	-67.34%	-8.11%	71.67%	-212.75%	62.38%
Free Cash Flow Firm Q/Q Growth	51.04%	-48.86%	-54.65%	-51.76%	-85.20%	-394.56%	471.81%	-12.38%	-40.88%	132.92%
Invested Capital Q/Q Growth	-18.36%	6.14%	-4.74%	-5.12%	-8.42%	16.86%	-44.90%	4.32%	-5.85%	-3.80%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	6.69%	5.59%	4.60%	8.64%	8.01%	9.39%	-6.05%	5.68%	2.46%	0.09%
EBITDA Margin	99.94%	60.05%	25.53%	-34.29%	-119.92%	17.35%	-38.39%	-136.78%	10.54%	-33.85%
Operating Margin	-12.95%	-13.29%	-14.71%	-12.83%	-36.14%	-20.70%	-36.68%	-19.49%	-15.89%	-20.02%
EBIT Margin	93.43%	52.60%	19.05%	-40.45%	-127.23%	10.31%	-44.44%	-142.46%	4.65%	-40.86%
Profit (Net Income) Margin	33.56%	18.75%	-4.47%	-59.16%	-118.80%	-47.11%	-82.93%	-131.36%	-15.36%	-41.67%
Tax Burden Percent	36.78%	36.23%	-24.82%	143.26%	92.17%	-422.56%	184.71%	91.50%	-546.88%	95.42%
Interest Burden Percent	97.66%	98.41%	94.56%	102.10%	101.31%	108.13%	101.02%	100.77%	60.38%	106.90%
Effective Tax Rate	11.33%	26.67%	9.35%	0.00%	0.00%	-130.08%	0.00%	0.00%	-193.75%	0.00%
Return on Invested Capital (ROIC)	-9.18%	-9.60%	-16.25%	-12.36%	-39.15%	-62.34%	-41.09%	-20.75%	-72.08%	-19.47%
ROIC Less NNEP Spread (ROIC-NNEP)	-12.47%	-11.49%	-16.83%	-8.86%	-32.92%	-62.37%	-38.16%	-13.48%	-74.04%	-17.72%
Return on Net Nonoperating Assets (RNNOA)	9.03%	8.94%	13.72%	7.33%	27.85%	51.56%	33.12%	11.53%	63.56%	14.92%
Return on Equity (ROE)	-0.16%	-0.67%	-2.53%	-5.03%	-11.30%	-10.78%	-7.97%	-9.23%	-8.51%	-4.55%
Cash Return on Invested Capital (CROIC)	89.98%	53.21%	12.07%	7.64%	-7.59%	-15.78%	27.38%	17.28%	20.13%	40.75%
Operating Return on Assets (OROA)	17.16%	9.93%	3.73%	-8.21%	-25.94%	2.02%	-8.15%	-26.83%	0.85%	-7.52%
Return on Assets (ROA)	6.16%	3.54%	-0.88%	-12.00%	-24.22%	-9.24%	-15.20%	-24.74%	-2.81%	-7.67%
Return on Common Equity (ROCE)	-0.16%	-0.67%	-2.53%	-5.04%	-11.36%	-10.82%	-8.01%	-9.28%	-8.60%	-4.59%
Return on Equity Simple (ROE_SIMPLE)	-20.92%	0.00%	-6.87%	-0.50%	-9.99%	0.00%	-17.92%	-24.92%	-17.01%	0.00%
Net Operating Profit after Tax (NOPAT)	-19	-15	-21	-14	-36	-57	-28	-16	-53	-15
NOPAT Margin	-11.48%	-9.75%	-13.34%	-8.98%	-25.30%	-47.64%	-25.67%	-13.64%	-46.68%	-14.01%
Net Nonoperating Expense Percent (NNEP)	3.28%	1.88%	0.58%	-3.50%	-6.23%	0.03%	-2.93%	-7.27%	1.97%	-1.75%
Return On Investment Capital (ROIC_SIMPLE)	-	-0.54%	-	-	-	-2.35%	-	-	-	-0.77%
Cost of Revenue to Revenue	93.31%	94.41%	95.40%	91.36%	91.99%	90.61%	106.05%	94.32%	97.54%	99.91%
SG&A Expenses to Revenue	16.17%	15.61%	16.01%	18.46%	40.04%	27.24%	27.64%	22.29%	15.45%	17.11%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	19.64%	18.88%	19.31%	21.47%	44.15%	30.09%	30.62%	25.17%	18.35%	20.11%
Earnings before Interest and Taxes (EBIT)	154	82	29	-62	-183	12	-49	-168	5.30	-45
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	164	94	39	-52	-172	21	-43	-161	12	-37
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.60	0.58	0.56	0.59	0.57	0.58	0.70	0.60	0.63	0.68
Price to Tangible Book Value (P/TBV)	0.62	0.60	0.58	0.61	0.58	0.60	0.72	0.62	0.66	0.70
Price to Revenue (P/Rev)	2.39	2.39	2.36	2.45	2.23	2.38	3.04	2.32	2.59	2.75
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.66%	1.26%	1.81%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.04	0.04	0.04	0.04	0.04	0.05	0.04	0.04	0.10	0.10
Long-Term Debt to Equity	0.04	0.04	0.04	0.04	0.04	0.04	0.03	0.04	0.10	0.07
Financial Leverage	-0.72	-0.78	-0.82	-0.83	-0.85	-0.83	-0.87	-0.86	-0.86	-0.84
Leverage Ratio	1.20	1.16	1.15	1.17	1.17	1.16	1.15	1.17	1.20	1.19
Compound Leverage Factor	1.17	1.14	1.09	1.19	1.18	1.25	1.16	1.18	0.72	1.27
Debt to Total Capital	3.84%	3.46%	3.61%	3.85%	4.16%	4.35%	3.38%	3.99%	8.87%	9.07%
Short-Term Debt to Total Capital	0.47%	0.08%	0.05%	0.19%	0.13%	0.10%	0.08%	0.03%	0.09%	3.06%
Long-Term Debt to Total Capital	3.37%	3.38%	3.56%	3.66%	4.03%	4.25%	3.30%	3.96%	8.77%	6.01%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	-0.07%	-0.14%	-0.24%	-0.37%	-0.94%	-0.63%	-0.73%	-0.88%	-1.04%	-1.06%
Common Equity to Total Capital	96.24%	96.68%	96.63%	96.53%	96.79%	96.28%	97.35%	96.89%	92.17%	92.00%
Debt to EBITDA	-0.22	-0.35	1.16	0.42	-1.12	-0.64	-0.32	-0.22	-1.06	-0.79
Net Debt to EBITDA	4.76	8.08	-26.10	-8.91	21.80	11.43	8.24	4.61	9.53	6.95
Long-Term Debt to EBITDA	-0.20	-0.34	1.14	0.40	-1.09	-0.62	-0.31	-0.22	-1.05	-0.52
Debt to NOPAT	-0.97	-0.96	-0.65	-1.36	-1.28	-1.26	-0.83	-0.80	-2.43	-2.49
Net Debt to NOPAT	20.56	22.45	14.58	28.72	24.86	22.60	21.19	16.68	21.90	21.94
Long-Term Debt to NOPAT	-0.85	-0.94	-0.64	-1.29	-1.24	-1.23	-0.81	-0.79	-2.41	-1.65
Altman Z-Score	3.15	3.22	3.07	2.92	2.50	2.88	3.47	2.38	2.35	2.33
Noncontrolling Interest Sharing Ratio	0.10%	0.03%	-0.05%	-0.14%	-0.50%	-0.38%	-0.48%	-0.61%	-1.05%	-0.89%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.40	2.53	2.53	1.49	1.07	1.65	3.32	1.01	2.55	1.34
Quick Ratio	2.23	2.30	2.34	1.30	0.65	1.13	2.81	0.55	2.01	0.94
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	868	444	201	97	14	-42	157	138	82	190
Operating Cash Flow to CapEx	-2,069.23%	0.00%	-788.00%	-677.27%	-865.22%	0.00%	-12,000.00%	0.00%	0.00%	-521.74%
Free Cash Flow to Firm to Interest Expense	241.03	119.92	45.73	24.27	2.48	-11.44	60.53	68.95	28.11	46.32
Operating Cash Flow to Interest Expense	-14.94	-4.95	-4.48	-3.73	-3.43	-9.00	-13.85	-5.10	-11.00	-2.93
Operating Cash Flow Less CapEx to Interest Expense	-15.67	-3.95	-5.05	-4.28	-3.83	-7.84	-13.96	-4.70	-10.45	-3.49
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.18	0.19	0.20	0.20	0.20	0.20	0.18	0.19	0.18	0.18
Accounts Receivable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	7.30	7.04	7.06	7.37	7.97	7.80	7.41	6.88	7.31	7.51
Accounts Payable Turnover	7.79	6.84	7.66	7.17	6.87	6.88	6.75	5.96	6.23	6.97
Days Sales Outstanding (DSO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	46.85	53.40	47.62	50.90	53.11	53.05	54.07	61.22	58.59	52.36
Cash Conversion Cycle (CCC)	-46.85	-53.40	-47.62	-50.90	-53.11	-53.05	-54.07	-61.22	-58.59	-52.36
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	417	443	422	400	367	428	236	246	232	223
Invested Capital Turnover	0.80	0.98	1.22	1.38	1.55	1.31	1.60	1.52	1.54	1.39
Increase / (Decrease) in Invested Capital	-887	-459	-222	-111	-51	-15	-186	-154	-135	-205
Enterprise Value (EV)	-666	-695	-775	-656	-672	-542	-445	-516	-456	-367
Market Capitalization	1,644	1,581	1,528	1,535	1,350	1,354	1,601	1,139	1,196	1,246
Book Value per Share	$34.03	$34.85	$35.74	$33.89	$32.56	$32.87	$31.49	$30.28	$30.03	$29.27
Tangible Book Value per Share	$33.06	$33.86	$34.74	$32.90	$31.54	$31.88	$30.53	$29.18	$28.93	$28.18
Total Capital	2,834	2,812	2,821	2,685	2,468	2,414	2,344	1,962	2,044	1,996
Total Debt	109	97	102	103	103	105	79	78	181	181
Total Long-Term Debt	96	95	100	98	100	103	77	78	179	120
Net Debt	-2,308	-2,272	-2,297	-2,182	-1,999	-1,881	-2,029	-1,637	-1,631	-1,592
Capital Expenditures (CapEx)	2.60	-3.70	2.50	2.20	2.30	-4.30	0.30	-0.80	-1.60	2.30
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-126	-92	-99	-99	-66	-50	-48	-53	-37	-26
Debt-free Net Working Capital (DFNWC)	245	190	191	67	11	72	236	1.90	133	111
Net Working Capital (NWC)	232	188	189	62	7.90	70	234	1.40	131	50
Net Nonoperating Expense (NNE)	-74	-44	-14	77	134	-0.63	63	139	-36	30
Net Nonoperating Obligations (NNO)	-2,308	-2,272	-2,297	-2,182	-1,999	-1,881	-2,029	-1,637	-1,631	-1,592
Total Depreciation and Amortization (D&A)	11	12	10	9.40	11	8.40	6.70	6.70	6.70	7.70
Debt-free, Cash-free Net Working Capital to Revenue	-18.26%	-13.96%	-15.24%	-15.80%	-10.82%	-8.68%	-9.08%	-10.72%	-8.03%	-5.81%
Debt-free Net Working Capital to Revenue	35.65%	28.73%	29.41%	10.71%	1.81%	12.68%	44.89%	0.39%	28.69%	24.62%
Net Working Capital to Revenue	33.74%	28.38%	29.18%	9.92%	1.30%	12.25%	44.53%	0.28%	28.27%	11.14%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.69	$0.09	($0.05)	($1.16)	($2.18)	($0.88)	($1.27)	($2.49)	($0.22)	($0.75)
Adjusted Weighted Average Basic Shares Outstanding	79.60M	81.60M	76.10M	75.40M	72.10M	73.40M	70.80M	62.20M	62.40M	64.40M
Adjusted Diluted Earnings per Share	$0.69	$0.09	($0.05)	($1.16)	($2.18)	($0.88)	($1.27)	($2.49)	($0.22)	($0.75)
Adjusted Weighted Average Diluted Shares Outstanding	79.60M	81.60M	76.10M	75.40M	72.10M	73.40M	70.90M	62.20M	62.40M	64.40M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	78.02M	76.26M	76.49M	73.37M	70.71M	72.48M	62.77M	62.73M	62.74M	62.79M
Normalized Net Operating Profit after Tax (NOPAT)	-19	-15	-21	-14	-36	-17	-28	-16	-13	-15
Normalized NOPAT Margin	-11.48%	-9.75%	-13.34%	-8.98%	-25.30%	-14.49%	-25.67%	-13.64%	-11.12%	-14.01%
Pre Tax Income Margin	91.25%	51.77%	18.02%	-41.30%	-128.90%	11.15%	-44.90%	-143.56%	2.81%	-43.68%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	42.69	22.14	6.68	-15.45	-31.50	3.32	-18.92	-84.05	1.83	-10.95
NOPAT to Interest Expense	-5.25	-4.10	-4.68	-3.43	-6.26	-15.36	-10.93	-8.05	-18.33	-3.76
EBIT Less CapEx to Interest Expense	41.97	23.14	6.11	-16.00	-31.90	4.49	-19.04	-83.65	2.38	-11.51
NOPAT Less CapEx to Interest Expense	-5.97	-3.10	-5.24	-3.98	-6.66	-14.20	-11.05	-7.65	-17.78	-4.32
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	-0.84%	-1.89%	0.00%	0.00%	-1.51%	-0.22%	0.00%	-1.73%	-4.87%	-7.32%
Augmented Payout Ratio	-43.50%	-55.31%	-91.66%	-1,075.97%	-66.82%	-35.14%	-26.92%	-62.86%	-79.22%	-81.94%

Frequently Asked Questions About Cannae's Financials

When does Cannae's fiscal year end?

According to the most recent income statement we have on file, Cannae's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Cannae's net income changed over the last 9 years?

Cannae's net income appears to be on a downward trend, with a most recent value of -$310.10 million in 2024, rising from -$7.30 million in 2015. The previous period was -$324.10 million in 2023. View Cannae's forecast to see where analysts expect Cannae to go next.

What is Cannae's operating income?

Cannae's total operating income in 2024 was -$103.70 million, based on the following breakdown:

Total Gross Profit: $2.90 million
Total Operating Expenses: $106.60 million

How has Cannae revenue changed over the last 9 years?

Over the last 9 years, Cannae's total revenue changed from $1.41 billion in 2015 to $452.50 million in 2024, a change of -68.0%.

How much debt does Cannae have?

Cannae's total liabilities were at $413.60 million at the end of 2024, a 9.6% increase from 2023, and a 10.8% decrease since 2016.

How much cash does Cannae have?

In the past 8 years, Cannae's cash and equivalents has ranged from $85.80 million in 2021 to $724.70 million in 2020, and is currently $131.50 million as of their latest financial filing in 2024.

How has Cannae's book value per share changed over the last 9 years?

Over the last 9 years, Cannae's book value per share changed from 0.00 in 2015 to 29.27 in 2024, a change of 2,927.2%.

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This page (NYSE:CNNE) was last updated on 5/5/2025 by MarketBeat.com Staff

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Cannae (CNNE) Financials

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Cannae (CNNE) Financials

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