Financial Performance - Total revenue for 2022 decreased by $80.1 million compared to 2021, primarily due to a decline in the Restaurant Group segment[495]. - Net earnings for 2022 were $4.1 million, a significant improvement from a net loss of $65.9 million in 2021[498]. - The company’s loss before income taxes improved to $(27.2) million in 2022 from $(45.2) million in 2021[498]. - The company recognized net losses of $(189.0) million for the year ended December 31, 2022, compared to $(312.9) million in 2021[524]. Revenue and Sales - Comparable store sales for the 99 Restaurants brand changed by 7.5% in 2022, attributed to an increase in average spending per visit despite a decrease in guest counts[497]. - Total revenues for Paysafe for the year ended December 31, 2022, were $3,132.0 million, with a net loss of $72.0 million[499]. Expenses and Costs - Cost of restaurant revenue decreased by $46.0 million, or 7.5%, in 2022 compared to 2021[497]. - The company’s total operating expenses in the Corporate and Other segment were $154.1 million in 2022, a slight decrease from $159.4 million in 2021[499]. - The company’s cost of restaurant revenue includes significant personnel costs, which are a major component of operating expenses[513]. Cash Flows and Investments - Operating cash flows used in operations for the year ended December 31, 2022, were $205.1 million, an increase of $29.0 million from 2021 due to increased operating loss and timing of payments[524]. - Cash flows provided by investing activities for the year ended December 31, 2022, were $521.2 million, a change of $793.6 million from 2021 primarily due to proceeds from sales of investments[524]. - Total capital expenditures for property and equipment and other intangible assets were $14.3 million for the year ended December 31, 2022, compared to $13.7 million in 2021[524]. - Cash flows used in financing activities for the year ended December 31, 2022, were $(154.2) million, a decrease of $36.2 million from 2021 due to reduced borrowings[524]. Shareholder Actions - The company repurchased 9,483,416 shares of common stock for approximately $198.5 million in 2022, averaging $20.93 per share[508]. - As of December 31, 2022, the company owned approximately 5.6% of the outstanding common stock of Paysafe, accounting for its ownership under the equity method[498]. Strategic Investments and Acquisitions - The company completed the acquisition of a minority interest in FC Lorient, a football club in France's Ligue 1, in February 2023[508]. - The company completed the sale of net assets of VIBSQ, RC, and Legendary Baking in 2021, impacting comparability of results[510]. Market and Operational Risks - The Restaurant Group segment is exposed to market price fluctuations in beef, seafood, produce, and other food products, which can materially impact food and beverage costs[527]. - The company does not use financial instruments to hedge against market price fluctuations in food product prices[527]. Employee and Management Information - As of December 31, 2022, Cannae and its consolidated subsidiaries had a total of 11,988 employees, with 11,785 in the Restaurant Group[393]. - None of the employees are unionized or represented by any collective agency, and employee relations are generally considered good[393]. - The company has made strategic investments in information security to protect client and information systems, including capital expenditures and operating expenses on hardware and software[391]. - The company has established risk management policies related to information security and cybersecurity to monitor and mitigate risks[392]. Obligations and Payments - Unconditional purchase obligations total $99.6 million, with $82.9 million due in 2023[525]. - Operating lease payments total $242.1 million, with $34.2 million due in 2023[525]. - Management fees payable to the Manager total $67.7 million, with $36.9 million due in 2023[525].

Cannae Holdings, Inc. (NYSE:CNNE) Q4 2022 Earnings Conference Call February 22, 2023 5:00 PM ET Company Participants Jamie Lillis - Solebury Trout, IR Richard Massey - CEO Bryan Coy - CFO Ryan Caswell - President Conference Call Participants John Campbell - Stephens Inc. Isaac Sellhausen - Oppenheimer Kenneth Lee - RBC Capital Markets Operator Good afternoon, ladies and gentlemen, and welcome to the Cannae Holdings, Inc. Fourth Quarter and Full Year 2022 Financial Results Conference Call. During today's pre ...

Cannae Holdings, Inc. (NYSE:CNNE) Q3 2022 Earnings Conference Call November 9, 2022 5:00 PM ET Company Participants Jamie Lillis - MD, Solebury Trout, IR Richard Massey - CEO Bryan Coy - CFO David Ducommun - President Conference Call Participants Chris Sakai - Singular Research Kenneth Lee - RBC Capital Markets A.J. Hayes - Stephens Operator Good afternoon, ladies and gentlemen, and welcome to the Cannae Holdings, Inc. Third Quarter 2022 Financial Results Conference Call. During today's presentation, all pa ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 1-38300 CANNAE HOLDINGS, INC. _____________________________________________________________________________________________________________________________ ...

Cannae Holdings, Inc. (NYSE:CNNE) Q2 2022 Earnings Conference Call August 8, 2022 5:00 PM ET Company Participants Jamie Lillis - SOLEBURY TROUT LLC William Foley - Chairman Richard Massey - Chief Executive Officer Bryan Coy - Executive Vice President & Chief Financial Officer Conference Call Participants John Campbell - Stephens Ian Zaffino - Oppenheimer Chris Sakai - Singular Research John Campbell - Stephens Operator Good afternoon, ladies and gentlemen, and welcome to the Cannae Holdings, Inc. Second Qua ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 1-38300 CANNAE HOLDINGS, INC. __________________________________________________________________________________________________________________________________ ...

Cannae Holdings, Inc. (NYSE:CNNE) Q1 2022 Earnings Conference Call May 9, 2022 5:30 PM ET Company Participants Rory Rumore - SOLEBURY TROUT William Foley - Chairman Bryan Coy - EVP & CFO Richard Massey - CEO & Director Conference Call Participants John Campbell - Stephens Inc. Ian Zaffino - Oppenheimer Kenneth Lee - RBC Capital Markets Joichi Sakai - Singular Research Operator Good afternoon, ladies and gentlemen, and welcome to the Cannae Holdings Inc. First Quarter 2022 Financial Results Conference Call. ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 1-38300 CANNAE HOLDINGS, INC. _________________________________________________________________________________________________________________________________ ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K (Mark One) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended December 31, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File No. 1-38300 | --- | --- | --- | --- | --- | |-----------------------------------------------------------------------------------------------------------------|------------------- ...

Cannae Holdings, Incorporated (NYSE:CNNE) Q4 2021 Earnings Conference Call February 17, 2022 5:00 PM ET Company Participants Jamie Lillis – Investor Relations-Solebury Trout Bill Foley – Chairman Rick Massey – Chief Executive Officer Bryan Coy – Chief Financial Officer Conference Call Participants Kenneth Lee – RBC Capital Markets John Campbell – Stevens Ian Zaffino – Oppenheimer Operator Good afternoon, ladies and gentlemen and welcome to the Cannae Holdings Incorporated Fourth Quarter and Full Year 2021 F ...