Genworth Financial (GNW) FY2011 results: revenue $9.9 billion, down 1.6% on the year
Genworth Financial Inc. (GNW) reported revenue of $9.9 billion for fiscal 2011, the year ended 31 December 2011, down 1.6% on the year before. Net income was $38 million, down 26.9%, and diluted earnings per share $0.08. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2012.
Revenue
$9.9 billion
-1.6% on the year
FY2007FY2011
Operating margin
0.5%
0.3% a year earlier
FY2007FY2011
Net income
$38 million
-26.9% on the year
FY2007FY2011
Diluted EPS
$0.08
-27.3% on the year
FY2007FY2011
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Revenue
9,923
10,089
9,069
-1.6%
Selling, general and administrative
1,930
2,217
2,115
-12.9%
Operating income
54.0
35.0
145
+54.3%
Operating margin
0.5%
0.3%
1.6%
Interest expense
506
457
393
+10.7%
Pre-tax income
130
-53.0
-858
Income tax
-11.0
-248
-415
Effective tax rate
-8.5%
n/a
n/a
Net income
38.0
52.0
-504
-26.9%
Net margin
0.4%
0.5%
-5.6%
Diluted EPS
$0.08
$0.11
-$1.12
-27.3%
$ 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
FY2011
FY2010
FY2009
On the year
Last 8 years
Operating cash flow
3,125
1,336
1,931
+133.9%
Cash from investing
-59.0
-1,815
820
Cash from financing
-1,641
-1,512
-5,309
Share-based compensation
31.0
44.0
26.0
-29.5%
Buybacks
n/a
n/a
0.0
Dividends paid
n/a
n/a
0.0
Diluted shares, weighted
494m
494m
451m
-0.1%
Shares outstanding at period end
491m
490m
489m
+0.2%
Balance sheet
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Shareholders' equity
15,022
12,449
12,276
+20.7%
Non-controlling interest
1,110
1,096
1,074
+1.3%
Short-term borrowings
n/a
n/a
930
Debt
4,726
4,952
3,641
-4.6%
Other liabilities
91,329
91,866
90,266
-0.6%
Total liabilities and equity
112,187
110,363
108,187
+1.7%
Goodwill
958
1,032
1,324
-7.2%
Intangible assets
468
744
934
-37.1%
Securities held for sale or to maturity
58,295
55,183
49,752
+5.6%
Trading assets
788
677
174
+16.4%
Cash and equivalents
4,443
3,094
5,002
+43.6%
Other assets
47,235
49,633
51,001
-4.8%
Total assets
112,187
110,363
108,187
+1.7%
10-K for the year ended 31 December 2011, filed 27 February 2012: the filing.