Genworth Financial (GNW) FY2012 results: revenue $9.6 billion, down 2.9% on the year
Genworth Financial Inc. (GNW) reported revenue of $9.6 billion for fiscal 2012, the year ended 31 December 2012, down 2.9% on the year before. Net income was $325 million, up 755.3%, and diluted earnings per share $0.66. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2013.
Revenue
$9.6 billion
-2.9% on the year
FY2007FY2012
Operating margin
4.2%
0.5% a year earlier
FY2007FY2012
Net income
$325 million
+755.3% on the year
FY2007FY2012
Diluted EPS
$0.66
+725.0% on the year
FY2007FY2012
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Revenue
9,640
9,923
10,089
-2.9%
Selling, general and administrative
1,594
1,930
2,217
-17.4%
Operating income
403
54.0
35.0
+646.3%
Operating margin
4.2%
0.5%
0.3%
Interest expense
476
506
457
-5.9%
Pre-tax income
606
130
-53.0
+366.2%
Income tax
138
-11.0
-248
Effective tax rate
22.8%
-8.5%
n/a
Net income
325
38.0
52.0
+755.3%
Net margin
3.4%
0.4%
0.5%
Diluted EPS
$0.66
$0.08
$0.11
+725.0%
$ 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
FY2012
FY2011
FY2010
On the year
Last 8 years
Operating cash flow
962
3,125
1,336
-69.2%
Cash from investing
-722
-59.0
-1,815
Cash from financing
-1,101
-1,641
-1,512
Share-based compensation
26.0
31.0
44.0
-16.1%
Diluted shares, weighted
494m
494m
494m
+0.2%
Shares outstanding at period end
492m
491m
490m
+0.2%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
16,493
15,022
12,449
+9.8%
Non-controlling interest
1,288
1,110
1,096
+16.0%
Debt
4,776
4,726
4,952
+1.1%
Other liabilities
90,755
91,329
91,866
-0.6%
Total liabilities and equity
113,312
112,187
110,363
+1.0%
Goodwill
868
958
1,032
-9.4%
Intangible assets
366
468
744
-21.8%
Securities held for sale or to maturity
62,161
58,295
55,183
+6.6%
Trading assets
556
788
677
-29.4%
Cash and equivalents
3,632
4,443
3,094
-18.3%
Other assets
45,729
47,235
49,633
-3.2%
Total assets
113,312
112,187
110,363
+1.0%
10-K for the year ended 31 December 2012, filed 28 February 2013: the filing.