Genworth Financial (GNW) FY2015 results: revenue $8.5 billion, down 2.1% on the year
Genworth Financial Inc. (GNW) reported revenue of $8.5 billion for fiscal 2015, the year ended 31 December 2015, down 2.1% on the year before. Net income was -$615 million, and diluted earnings per share $-1.24. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2016.
Revenue
$8.5 billion
-2.1% on the year
FY2008FY2015
Operating margin
3.0%
-4.6% a year earlier
FY2008FY2015
Net income
-$615 million
FY2008FY2015
Diluted EPS
-$1.24
FY2008FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
8,548
8,729
8,625
-2.1%
Selling, general and administrative
1,309
1,138
1,244
+15.0%
Operating income
255
-398
585
Operating margin
3.0%
-4.6%
6.8%
Interest expense
419
433
450
-3.2%
Pre-tax income
-15.0
-1,299
993
Income tax
-9.0
-94.0
313
Effective tax rate
n/a
n/a
31.5%
Net income
-615
-1,244
560
Net margin
-7.2%
-14.3%
6.5%
Diluted EPS
-$1.24
-$2.51
$1.12
$ 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
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
1,591
2,438
1,399
-34.7%
Cash from investing
-404
-1,836
-580
Cash from financing
-42.0
205
-149
Depreciation and amortisation
966
453
n/a
+113.2%
Share-based compensation
16.0
28.0
39.0
-42.9%
Diluted shares, weighted
497m
496m
499m
+0.2%
Shares outstanding at period end
498m
497m
495m
+0.2%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
12,824
14,923
14,393
-14.1%
Non-controlling interest
1,813
1,874
1,227
-3.3%
Debt
4,570
4,612
5,161
-0.9%
Other liabilities
87,224
89,949
87,264
-3.0%
Total liabilities and equity
106,431
111,358
108,045
-4.4%
Goodwill
14.0
16.0
867
-12.5%
Intangible assets
n/a
272
399
Securities held for sale or to maturity
58,197
61,077
58,629
-4.7%
Cash and equivalents
5,965
4,645
3,657
+28.4%
Other assets
42,255
45,348
44,493
-6.8%
Total assets
106,431
111,358
108,045
-4.4%
10-K for the year ended 31 December 2015, filed 26 February 2016: the filing.