Genworth Financial (GNW) FY2022 results: revenue $7.5 billion, down 4.1% on the year
Genworth Financial Inc. (GNW) reported revenue of $7.5 billion for fiscal 2022, the year ended 31 December 2022, down 4.1% on the year before. Net income was $916 million, up 7.8%, and diluted earnings per share $1.79. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2023.
Revenue
$7.5 billion
-4.1% on the year
FY2015FY2022
Operating margin
10.9%
6.1% a year earlier
FY2015FY2022
Net income
$916 million
+7.8% on the year
FY2015FY2022
Diluted EPS
$1.79
+8.5% on the year
FY2015FY2022
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
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
1,049
437
1,960
+140.0%
Cash from investing
733
896
-1,153
-18.2%
Cash from financing
-1,554
-2,419
-1,507
Depreciation and amortisation
326
384
463
-15.1%
Share-based compensation
37.0
40.0
39.0
-7.5%
Buybacks
64.0
0.0
0.0
Diluted shares, weighted
511m
515m
512m
-0.7%
Shares outstanding at period end
495m
508m
506m
-2.6%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
7,631
15,510
15,318
-50.8%
Non-controlling interest
755
756
502
-0.1%
Debt
1,611
1,899
3,403
-15.2%
Other liabilities
79,717
81,006
86,524
-1.6%
Total liabilities and equity
89,714
99,171
105,747
-9.5%
Intangible assets
203
143
157
+42.0%
Securities held for sale or to maturity
46,583
60,480
63,495
-23.0%
Cash and equivalents
1,799
1,571
1,032
+14.5%
Other assets
41,129
36,977
41,063
+11.2%
Total assets
89,714
99,171
105,747
-9.5%
10-K for the year ended 31 December 2022, filed 28 February 2023: the filing.