Principal Financial Group (PFG) FY2012 results: revenue $9.2 billion, up 6.3% on the year
Principal Financial Group Inc. (PFG) reported revenue of $9.2 billion for fiscal 2012, the year ended 31 December 2012, up 6.3% on the year before. Net income was $806 million, up 26.3%, and diluted earnings per share $2.57. The figures are the company's own, from the 10-K it filed with the SEC on 13 February 2013.
Revenue
$9.2 billion
+6.3% on the year
FY2007FY2012
Operating margin
10.4%
10.1% a year earlier
FY2007FY2012
Net income
$806 million
+26.3% on the year
FY2007FY2012
Diluted EPS
$2.57
+34.6% on the year
FY2007FY2012
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Revenue
9,215
8,671
9,198
+6.3%
Operating income
959
873
786
+9.9%
Operating margin
10.4%
10.1%
8.5%
Income tax
135
198
105
-32.1%
Net income
806
638
663
+26.3%
Net margin
8.7%
7.4%
7.2%
Diluted EPS
$2.57
$1.91
$1.95
+34.6%
$ 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
FY2012
FY2011
FY2010
On the year
Last 8 years
Operating cash flow
3,081
2,713
2,792
+13.5%
Depreciation and amortisation
87.0
78.5
165
+10.8%
Share-based compensation
63.8
43.4
47.6
+47.0%
Buybacks
273
556
2.6
-51.0%
Dividends paid
231
214
176
+8.2%
Dividend per share
$0.78
n/a
n/a
Diluted shares, weighted
300m
318m
323m
-5.4%
Shares outstanding at period end
294m
301m
320m
-2.4%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
9,683
9,018
9,728
+7.4%
Non-controlling interest
20.0
354
157
-94.3%
Redeemable equity
60.4
22.2
n/a
+172.1%
Short-term borrowings
40.8
105
108
-61.2%
Debt
2,671
1,565
1,584
+70.7%
Other liabilities
149,451
136,298
134,054
+9.7%
Total liabilities and equity
161,926
147,362
145,631
+9.9%
Fixed assets
464
457
n/a
+1.5%
Goodwill
543
482
345
+12.7%
Intangible assets
915
891
835
+2.7%
Securities held for sale or to maturity
50,939
49,007
48,636
+3.9%
Cash and equivalents
4,177
2,834
1,877
+47.4%
Other assets
104,888
93,691
93,937
+12.0%
Total assets
161,926
147,362
145,631
+9.9%
10-K for the year ended 31 December 2012, filed 13 February 2013: the filing.