Principal Financial Group (PFG) FY2015 results: revenue $12.0 billion, up 14.2% on the year
Principal Financial Group Inc. (PFG) reported revenue of $12.0 billion for fiscal 2015, the year ended 31 December 2015, up 14.2% on the year before. Net income was $1.2 billion, up 7.9%, and diluted earnings per share $4.06. The figures are the company's own, from the 10-K it filed with the SEC on 10 February 2016.
Revenue
$12.0 billion
+14.2% on the year
FY2008FY2015
Operating margin
12.0%
14.3% a year earlier
FY2008FY2015
Net income
$1.2 billion
+7.9% on the year
FY2008FY2015
Diluted EPS
$4.06
+11.2% on the year
FY2008FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
11,964
10,478
9,290
+14.2%
Operating income
1,431
1,495
1,124
-4.3%
Operating margin
12.0%
14.3%
12.1%
Income tax
178
318
188
-44.2%
Net income
1,234
1,144
913
+7.9%
Net margin
10.3%
10.9%
9.8%
Diluted EPS
$4.06
$3.65
$2.95
+11.2%
$ 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
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
4,377
3,103
2,221
+41.1%
Cash from investing
-3,168
n/a
n/a
Cash from financing
-509
n/a
n/a
Depreciation and amortisation
144
123
110
+17.1%
Share-based compensation
84.5
75.3
68.5
+12.2%
Buybacks
301
223
154
+35.0%
Dividends paid
441
377
288
+17.1%
Dividend per share
$1.50
$1.28
$0.98
+17.2%
Diluted shares, weighted
298m
299m
298m
-0.2%
Shares outstanding at period end
291m
294m
295m
-0.9%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
9,312
10,184
9,684
-8.6%
Non-controlling interest
65.8
48.0
92.8
+37.1%
Redeemable equity
85.7
58.0
247
+47.8%
Short-term borrowings
181
28.0
151
+546.8%
Debt
3,265
2,531
2,601
+29.0%
Other liabilities
205,776
206,238
195,415
-0.2%
Total liabilities and equity
218,686
219,087
208,191
-0.2%
Fixed assets
634
590
501
+7.4%
Goodwill
1,009
1,007
1,100
+0.2%
Intangible assets
1,359
1,324
1,459
+2.7%
Securities held for sale or to maturity
49,966
49,671
48,757
+0.6%
Cash and equivalents
2,565
1,864
2,372
+37.6%
Other assets
163,153
164,631
154,002
-0.9%
Total assets
218,686
219,087
208,191
-0.2%
10-K for the year ended 31 December 2015, filed 10 February 2016: the filing.