Prudential Financial (PRU) FY2011 results: revenue $49.0 billion, up 28.3% on the year
Prudential Financial Inc. (PRU) reported revenue of $49.0 billion for fiscal 2011, the year ended 31 December 2011, up 28.3% on the year before. Net income was $3.6 billion, up 21.0%. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2012.
Revenue
$49.0 billion
+28.3% on the year
FY2007FY2011
Operating margin
10.0%
10.8% a year earlier
FY2007FY2011
Net income
$3.6 billion
+21.0% on the year
FY2007FY2011
Diluted EPS
n/a
FY2007FY2011
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Revenue
49,045
38,217
32,380
+28.3%
Selling, general and administrative
n/a
n/a
8,991
Operating income
4,924
4,140
1,524
+18.9%
Operating margin
10.0%
10.8%
4.7%
Interest expense
n/a
1,197
1,101
Income tax
1,515
1,243
-62.0
+21.9%
Net income
3,632
3,001
3,124
+21.0%
Net margin
7.4%
7.9%
9.6%
Diluted EPS
n/a
n/a
$7.63
$ 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
FY2011
FY2010
FY2009
On the year
Last 8 years
Operating cash flow
12,377
6,542
5,840
+89.2%
Cash from investing
-13,295
-8,522
2,429
Cash from financing
2,099
1,613
-10,421
+30.1%
Depreciation and amortisation
290
-104
175
Share-based compensation
141
134
153
+5.2%
Buybacks
999
0.0
0.0
Dividends paid
704
575
347
+22.4%
Dividend per share
n/a
n/a
$0.70
Balance sheet
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Shareholders' equity
34,253
32,415
25,195
+5.7%
Non-controlling interest
588
513
534
+14.6%
Debt
24,622
23,653
21,037
+4.1%
Other liabilities
560,781
483,273
433,437
+16.0%
Total liabilities and equity
620,244
539,854
480,203
+14.9%
Goodwill
888
707
709
+25.6%
Intangible assets
335
352
356
-4.8%
Securities held for sale or to maturity
259,755
200,209
180,345
+29.7%
Cash and equivalents
14,251
12,915
13,164
+10.3%
Other assets
345,015
325,671
285,629
+5.9%
Total assets
620,244
539,854
480,203
+14.9%
10-K for the year ended 31 December 2011, filed 24 February 2012: the filing.