Genworth Financial (GNW) FY2014 results: revenue $8.7 billion, up 1.2% on the year
Genworth Financial Inc. (GNW) reported revenue of $8.7 billion for fiscal 2014, the year ended 31 December 2014, up 1.2% on the year before. Net income was -$1.2 billion, and diluted earnings per share $-2.51. The figures are the company's own, from the 10-K it filed with the SEC on 2 March 2015.
Revenue
$8.7 billion
+1.2% on the year
FY2007FY2014
Operating margin
-4.6%
6.8% a year earlier
FY2007FY2014
Net income
-$1.2 billion
FY2007FY2014
Diluted EPS
-$2.51
FY2007FY2014
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Revenue
8,729
8,625
9,640
+1.2%
Selling, general and administrative
1,138
1,244
1,594
-8.5%
Operating income
-398
585
403
Operating margin
-4.6%
6.8%
4.2%
Interest expense
433
450
476
-3.8%
Pre-tax income
-1,299
993
606
Income tax
-94.0
313
138
Effective tax rate
n/a
31.5%
22.8%
Net income
-1,244
560
325
Net margin
-14.3%
6.5%
3.4%
Diluted EPS
-$2.51
$1.12
$0.66
$ 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
FY2014
FY2013
FY2012
On the year
Last 8 years
Operating cash flow
2,438
1,399
962
+74.3%
Cash from investing
-1,836
-580
-722
Cash from financing
205
-149
-1,101
Depreciation and amortisation
453
n/a
n/a
Share-based compensation
28.0
39.0
26.0
-28.2%
Diluted shares, weighted
496m
499m
494m
-0.5%
Shares outstanding at period end
497m
495m
492m
+0.4%
Balance sheet
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Shareholders' equity
14,923
14,393
16,493
+3.7%
Non-controlling interest
1,874
1,227
1,288
+52.7%
Debt
4,612
5,161
4,776
-10.6%
Other liabilities
89,949
87,264
90,755
+3.1%
Total liabilities and equity
111,358
108,045
113,312
+3.1%
Goodwill
16.0
867
868
-98.2%
Intangible assets
272
399
366
-31.8%
Securities held for sale or to maturity
61,077
58,629
62,161
+4.2%
Trading assets
n/a
n/a
556
Cash and equivalents
4,645
3,657
3,632
+27.0%
Other assets
45,348
44,493
45,729
+1.9%
Total assets
111,358
108,045
113,312
+3.1%
10-K for the year ended 31 December 2014, filed 2 March 2015: the filing.