Genworth Financial (GNW) FY2019 results: revenue $7.7 billion, down 2.5% on the year
Genworth Financial Inc. (GNW) reported revenue of $7.7 billion for fiscal 2019, the year ended 31 December 2019, down 2.5% on the year before. Net income was $343 million, up 188.2%, and diluted earnings per share $0.67. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2020.
Revenue
$7.7 billion
-2.5% on the year
FY2012FY2019
Operating margin
4.6%
-0.1% a year earlier
FY2012FY2019
Net income
$343 million
+188.2% on the year
FY2012FY2019
Diluted EPS
$0.67
+179.2% on the year
FY2012FY2019
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Revenue
7,705
7,901
7,513
-2.5%
Selling, general and administrative
909
943
957
-3.6%
Operating income
355
-5.0
530
Operating margin
4.6%
-0.1%
7.1%
Interest expense
231
256
266
-9.8%
Pre-tax income
521
137
127
+280.3%
Income tax
139
70.0
-406
+98.6%
Effective tax rate
26.7%
51.1%
-319.7%
Net income
343
119
817
+188.2%
Net margin
4.5%
1.5%
10.9%
Diluted EPS
$0.67
$0.24
$1.63
+179.2%
$ 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
FY2019
FY2018
FY2017
On the year
Last 8 years
Operating cash flow
2,079
1,633
2,554
+27.3%
Cash from investing
1,301
-622
-759
Cash from financing
-2,217
-1,621
-1,768
Depreciation and amortisation
408
348
392
+17.2%
Share-based compensation
26.0
35.0
31.0
-25.7%
Diluted shares, weighted
510m
504m
501m
+1.1%
Shares outstanding at period end
504m
501m
499m
+0.6%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
14,185
12,450
13,418
+13.9%
Non-controlling interest
447
1,739
1,910
-74.3%
Debt
3,277
3,707
4,224
-11.6%
Other liabilities
83,433
83,027
85,745
+0.5%
Total liabilities and equity
101,342
100,923
105,297
+0.4%
Securities held for sale or to maturity
60,339
55,589
62,525
+8.5%
Cash and equivalents
3,262
1,974
2,875
+65.2%
Other assets
37,741
43,360
39,897
-13.0%
Total assets
101,342
100,923
105,297
+0.4%
10-K for the year ended 31 December 2019, filed 27 February 2020: the filing.