Principal Financial Group (PFG) FY2021 results: revenue $14.4 billion, down 2.1% on the year
Principal Financial Group Inc. (PFG) reported revenue of $14.4 billion for fiscal 2021, the year ended 31 December 2021, down 2.1% on the year before. Net income was $1.6 billion, up 13.2%, and diluted earnings per share $5.79. The figures are the company's own, from the 10-K it filed with the SEC on 11 February 2022.
Revenue
$14.4 billion
-2.1% on the year
FY2014FY2021
Operating margin
13.2%
11.5% a year earlier
FY2014FY2021
Net income
$1.6 billion
+13.2% on the year
FY2014FY2021
Diluted EPS
$5.79
+14.7% 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
3,254
3,709
5,493
-12.3%
Cash from investing
-5,694
-4,996
-7,688
Cash from financing
1,922
1,621
1,734
+18.5%
Depreciation and amortisation
208
187
167
+11.5%
Share-based compensation
96.1
87.2
82.6
+10.2%
Buybacks
937
307
281
+205.3%
Dividends paid
654
614
606
+6.4%
Diluted shares, weighted
273m
277m
281m
-1.3%
Shares outstanding at period end
262m
273m
277m
-4.2%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
16,069
16,559
14,618
-3.0%
Non-controlling interest
56.4
58.4
67.8
-3.4%
Redeemable equity
332
256
265
+30.1%
Short-term borrowings
79.8
84.7
93.4
-5.8%
Debt
4,280
4,279
3,734
+0.0%
Other liabilities
283,839
275,391
257,310
+3.1%
Total liabilities and equity
304,657
296,628
276,088
+2.7%
Fixed assets
n/a
n/a
968
Goodwill
1,628
1,711
1,694
-4.9%
Intangible assets
1,601
1,723
1,787
-7.1%
Securities held for sale or to maturity
78,154
78,710
70,106
-0.7%
Cash and equivalents
2,332
2,850
2,516
-18.2%
Other assets
220,942
211,634
199,018
+4.4%
Total assets
304,657
296,628
276,088
+2.7%
10-K for the year ended 31 December 2021, filed 11 February 2022: the filing.