Cannae Holdings (CNNE) Financials

Cannae Holdings Inc (CNNE) is a diversified holding company based in Las Vegas, Nevada. It operates through various subsidiaries in industries such as financial services, hospitality, and technology. The company's financials indicate a strong performance and growth over the years. In terms of its income statement, Cannae Holdings Inc reported a significant increase in its total revenue, reaching a record high of $1.2 billion in the latest fiscal year. This growth can be attributed to the successful implementation of strategic initiatives and acquisitions made by the company.

Cannae Holdings Inc also recorded a substantial gross profit of $450 million, reflecting the efficiency of its operations. The company's net income from stockholders stood at $120 million, demonstrating its ability to generate profits for its shareholders. Moving on to the balance sheet, Cannae Holdings Inc showcased a healthy financial position with total assets worth $2.5 billion. The company's stockholders' equity amounted to $900 million, highlighting its strong financial foundation.

Furthermore, Cannae Holdings Inc had a manageable level of total debt at $500 million, indicating its prudent debt management strategies. The company's cash flow statement indicated positive operating cash flow, demonstrating its ability to generate cash from its core business activities. Cannae Holdings Inc also reported positive free cash flow, indicating its ability to generate excess cash after meeting its capital expenditure requirements.

When looking at the cash equivalents, Cannae Holdings Inc had a significant amount of liquid assets, ensuring its ability to meet short-term financial obligations. Moreover, the company's financing and investing cash flows were well-managed, indicating its strategic allocation of capital for growth and shareholder returns. Overall, Cannae Holdings Inc's financials reflect a strong and sustainable business model, positioning the company for continued success in the future.