Genworth Financial (GNW) FY2017 results: revenue $7.5 billion, down 10.2% on the year
Genworth Financial Inc. (GNW) reported revenue of $7.5 billion for fiscal 2017, the year ended 31 December 2017, down 10.2% on the year before. Net income was $817 million, and diluted earnings per share $1.63. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2018.
Revenue
$7.5 billion
-10.2% on the year
FY2010FY2017
Operating margin
7.1%
-3.8% a year earlier
FY2010FY2017
Net income
$817 million
FY2010FY2017
Diluted EPS
$1.63
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
7,513
8,369
8,548
-10.2%
Selling, general and administrative
957
1,273
1,309
-24.8%
Operating income
530
-316
255
Operating margin
7.1%
-3.8%
3.0%
Interest expense
266
337
419
-21.1%
Pre-tax income
127
320
-15.0
-60.3%
Income tax
-406
358
-9.0
Effective tax rate
-319.7%
111.9%
n/a
Net income
817
-277
-615
Net margin
10.9%
-3.3%
-7.2%
Diluted EPS
$1.63
-$0.56
-$1.24
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
2,554
1,872
1,591
+36.4%
Cash from investing
-759
-2,120
-404
Cash from financing
-1,768
-2,951
-42.0
Depreciation and amortisation
392
498
966
-21.3%
Share-based compensation
31.0
32.0
16.0
-3.1%
Diluted shares, weighted
501m
498m
497m
+0.6%
Shares outstanding at period end
499m
498m
498m
+0.2%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
13,418
12,644
12,824
+6.1%
Non-controlling interest
1,910
1,823
1,813
+4.8%
Debt
4,224
4,180
4,570
+1.1%
Other liabilities
85,745
86,011
87,224
-0.3%
Total liabilities and equity
105,297
104,658
106,431
+0.6%
Goodwill
n/a
14.0
14.0
Securities held for sale or to maturity
62,525
60,572
58,197
+3.2%
Cash and equivalents
2,875
2,784
5,965
+3.3%
Other assets
39,897
41,288
42,255
-3.4%
Total assets
105,297
104,658
106,431
+0.6%
10-K for the year ended 31 December 2017, filed 28 February 2018: the filing.