Brighthouse Financial (BHF) FY2021 results: revenue $5.0 billion, down 41.5% on the year
Brighthouse Financial, Inc. (BHF) reported revenue of $5.0 billion for fiscal 2021, the year ended 31 December 2021, down 41.5% on the year before. Net income was $1.6 billion, and diluted earnings per share $-2.36. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2022.
Revenue
$5.0 billion
-41.5% on the year
FY2015FY2021
Operating margin
40.4%
-16.7% a year earlier
FY2015FY2021
Net income
$1.6 billion
FY2015FY2021
Diluted EPS
-$2.36
FY2015FY2021
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
641
888
1,828
-27.8%
Cash from investing
-12,238
-5,843
-7,341
Cash from financing
11,963
6,186
4,245
+93.4%
Share-based compensation
23.0
21.0
21.0
+9.5%
Buybacks
499
473
442
+5.5%
Diluted shares, weighted
84m
95m
113m
-12.1%
Shares outstanding at period end
78m
88m
106m
-11.7%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
16,142
18,023
16,172
-10.4%
Non-controlling interest
65.0
65.0
65.0
0.0%
Debt
3,157
3,436
4,365
-8.1%
Other liabilities
242,893
226,345
206,657
+7.3%
Total liabilities and equity
262,257
247,869
227,259
+5.8%
Intangible assets
n/a
n/a
78.0
Investments
1,841
3,242
1,958
-43.2%
Cash and equivalents
4,474
4,108
2,877
+8.9%
Other assets
255,942
240,519
222,346
+6.4%
Total assets
262,257
247,869
227,259
+5.8%
10-K for the year ended 31 December 2021, filed 24 February 2022: the filing.