Cannae (CNNE) Financials

$18.86 +0.50 (+2.72%)

Closing price 05/29/2025 03:59 PM Eastern

Extended Trading

$18.85 -0.01 (-0.05%)

As of 05/29/2025 06:50 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	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Income / (Loss) Attributable to Common Shareholders	-305	-313	-428	-287	1,786	77	28	109	-12	-23
Consolidated Net Income / (Loss)	-310	-324	-430	-286	1,760	47	-11	93	-12	-7.30
Net Income / (Loss) Continuing Operations	-310	-324	-430	-286	1,760	99	-8.50	-57	-14	-10
Total Pre-Tax Income	-264	-207	-336	-433	2,182	238	23	-74	5.20	-3.80
Total Operating Income	-104	-119	-145	-134	-189	-118	-146	-78	-2.20	-12
Total Gross Profit	2.90	43	31	45	61	157	156	166	126	134
Total Revenue	453	570	662	742	586	1,070	1,148	1,157	1,178	1,415
Operating Revenue	453	570	662	742	586	1,070	1,148	1,157	1,178	1,412
Total Cost of Revenue	450	527	631	698	524	913	991	991	1,052	1,281
Operating Cost of Revenue	450	527	631	698	524	913	991	991	1,052	1,281
Total Operating Expenses	107	162	176	178	250	275	302	243	128	146
Selling, General & Admin Expense	93	143	153	152	117	133	92	101	84	96
Depreciation Expense	13	19	23	27	31	41	46	46	45	50
Total Other Income / (Expense), net	-160	-88	-191	-300	2,370	356	168	3.20	7.40	8.30
Interest Expense	12	18	12	9.80	9.00	18	4.70	7.00	5.20	5.50
Interest & Investment Income	4.60	14	2.50	21	17	16	6.30	5.30	3.30	2.00
Other Income / (Expense), net	-153	-84	-181	-311	2,362	358	167	4.90	9.30	12
Income Tax Expense	-0.40	-77	-90	-74	481	24	15	-14	-10	-20
Other Gains / (Losses), net	-47	-194	-184	73	59	-115	-16	3.40	-30	-26
Net Income / (Loss) Attributable to Noncontrolling Interest	-5.50	-11	-1.50	0.60	-26	-31	-38	-16	0.50	16
Basic Earnings per Share	($4.73)	($4.27)	($5.25)	($3.19)	$20.84	$1.07	$0.39	$1.54	($0.18)	($0.32)
Weighted Average Basic Shares Outstanding	64.40M	73.40M	81.60M	90.10M	85.70M	72.20M	71.20M	70.60M	70.60M	70.60M
Diluted Earnings per Share	($4.73)	($4.27)	($5.25)	($3.19)	$20.79	$1.07	$0.39	$1.54	($0.18)	($0.32)
Weighted Average Diluted Shares Outstanding	64.40M	73.40M	81.60M	90.10M	85.90M	72.40M	71.30M	70.60M	70.60M	70.60M
Weighted Average Basic & Diluted Shares Outstanding	62.79M	72.48M	76.26M	86.49M	91.65M	79.52M	70.80M	70.60M	68.90M	-

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

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

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

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

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

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

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

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

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

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

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 5/30/2025 by MarketBeat.com Staff

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Cannae (CNNE) Financials

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Cannae (CNNE) Financials

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