Genworth Financial (GNW) FY2016 results: revenue $8.4 billion, down 2.1% on the year
Genworth Financial Inc. (GNW) reported revenue of $8.4 billion for fiscal 2016, the year ended 31 December 2016, down 2.1% on the year before. Net income was -$277 million, and diluted earnings per share $-0.56. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2017.
Revenue
$8.4 billion
-2.1% on the year
FY2009FY2016
Operating margin
-3.8%
3.0% a year earlier
FY2009FY2016
Net income
-$277 million
FY2009FY2016
Diluted EPS
-$0.56
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
8,369
8,548
8,729
-2.1%
Selling, general and administrative
1,273
1,309
1,138
-2.8%
Operating income
-316
255
-398
Operating margin
-3.8%
3.0%
-4.6%
Interest expense
337
419
433
-19.6%
Pre-tax income
320
-15.0
-1,299
Income tax
358
-9.0
-94.0
Effective tax rate
111.9%
n/a
n/a
Net income
-277
-615
-1,244
Net margin
-3.3%
-7.2%
-14.3%
Diluted EPS
-$0.56
-$1.24
-$2.51
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
1,872
1,591
2,438
+17.7%
Cash from investing
-2,120
-404
-1,836
Cash from financing
-2,951
-42.0
205
Depreciation and amortisation
498
966
453
-48.4%
Share-based compensation
32.0
16.0
28.0
+100.0%
Diluted shares, weighted
498m
497m
496m
+0.2%
Shares outstanding at period end
498m
498m
497m
0.0%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
12,644
12,824
14,923
-1.4%
Non-controlling interest
1,823
1,813
1,874
+0.6%
Debt
4,180
4,570
4,612
-8.5%
Other liabilities
86,011
87,224
89,949
-1.4%
Total liabilities and equity
104,658
106,431
111,358
-1.7%
Goodwill
14.0
14.0
16.0
0.0%
Intangible assets
n/a
n/a
272
Securities held for sale or to maturity
60,572
58,197
61,077
+4.1%
Cash and equivalents
2,784
5,965
4,645
-53.3%
Other assets
41,288
42,255
45,348
-2.3%
Total assets
104,658
106,431
111,358
-1.7%
10-K for the year ended 31 December 2016, filed 27 February 2017: the filing.