Genworth Financial (GNW) FY2018 results: revenue $7.9 billion, up 5.2% on the year
Genworth Financial Inc. (GNW) reported revenue of $7.9 billion for fiscal 2018, the year ended 31 December 2018, up 5.2% on the year before. Net income was $119 million, down 85.4%, and diluted earnings per share $0.24. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2019.
Revenue
$7.9 billion
+5.2% on the year
FY2011FY2018
Operating margin
-0.1%
7.1% a year earlier
FY2011FY2018
Net income
$119 million
-85.4% on the year
FY2011FY2018
Diluted EPS
$0.24
-85.3% on the year
FY2011FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
7,901
7,513
8,369
+5.2%
Selling, general and administrative
943
957
1,273
-1.5%
Operating income
-5.0
530
-316
Operating margin
-0.1%
7.1%
-3.8%
Interest expense
256
266
337
-3.8%
Pre-tax income
137
127
320
+7.9%
Income tax
70.0
-406
358
Effective tax rate
51.1%
-319.7%
111.9%
Net income
119
817
-277
-85.4%
Net margin
1.5%
10.9%
-3.3%
Diluted EPS
$0.24
$1.63
-$0.56
-85.3%
$ 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
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
1,633
2,554
1,872
-36.1%
Cash from investing
-622
-759
-2,120
Cash from financing
-1,621
-1,768
-2,951
Depreciation and amortisation
348
392
498
-11.2%
Share-based compensation
35.0
31.0
32.0
+12.9%
Diluted shares, weighted
504m
501m
498m
+0.6%
Shares outstanding at period end
501m
499m
498m
+0.4%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
12,450
13,418
12,644
-7.2%
Non-controlling interest
1,739
1,910
1,823
-9.0%
Debt
3,707
4,224
4,180
-12.2%
Other liabilities
83,027
85,745
86,011
-3.2%
Total liabilities and equity
100,923
105,297
104,658
-4.2%
Goodwill
n/a
n/a
14.0
Securities held for sale or to maturity
55,589
62,525
60,572
-11.1%
Cash and equivalents
1,974
2,875
2,784
-31.3%
Other assets
43,360
39,897
41,288
+8.7%
Total assets
100,923
105,297
104,658
-4.2%
10-K for the year ended 31 December 2018, filed 27 February 2019: the filing.