Genworth Financial (GNW) FY2021 results: revenue $7.8 billion, down 5.5% on the year
Genworth Financial Inc. (GNW) reported revenue of $7.8 billion for fiscal 2021, the year ended 31 December 2021, down 5.5% on the year before. Net income was $850 million, up 377.5%, and diluted earnings per share $1.65. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2022.
Revenue
$7.8 billion
-5.5% on the year
FY2014FY2021
Operating margin
6.1%
3.7% a year earlier
FY2014FY2021
Net income
$850 million
+377.5% on the year
FY2014FY2021
Diluted EPS
$1.65
+371.4% on the year
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
$ 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
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
437
1,960
2,079
-77.7%
Cash from investing
896
-1,153
1,301
Cash from financing
-2,419
-1,507
-2,217
Depreciation and amortisation
384
463
408
-17.1%
Share-based compensation
40.0
39.0
26.0
+2.6%
Buybacks
0.0
0.0
n/a
Diluted shares, weighted
515m
512m
510m
+0.6%
Shares outstanding at period end
508m
506m
504m
+0.4%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
15,510
15,318
14,185
+1.3%
Non-controlling interest
756
502
447
+50.6%
Debt
1,899
3,403
3,277
-44.2%
Other liabilities
81,006
86,524
83,433
-6.4%
Total liabilities and equity
99,171
105,747
101,342
-6.2%
Intangible assets
143
157
n/a
-8.9%
Securities held for sale or to maturity
60,480
63,495
60,339
-4.7%
Cash and equivalents
1,571
1,032
3,262
+52.2%
Other assets
36,977
41,063
37,741
-10.0%
Total assets
99,171
105,747
101,342
-6.2%
10-K for the year ended 31 December 2021, filed 28 February 2022: the filing.