Prudential Financial (PRU) FY2013 results: revenue $41.5 billion, down 51.1% on the year
Prudential Financial Inc. (PRU) reported revenue of $41.5 billion for fiscal 2013, the year ended 31 December 2013, down 51.1% on the year before. Net income was -$667 million, and diluted earnings per share $-1.55. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2014.
Revenue
$41.5 billion
-51.1% on the year
FY2007FY2013
Operating margin
-4.1%
0.8% a year earlier
FY2007FY2013
Net income
-$667 million
FY2007FY2013
Diluted EPS
-$1.55
FY2007FY2013
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Revenue
41,461
84,815
49,045
-51.1%
Operating income
-1,684
676
4,924
Operating margin
-4.1%
0.8%
10.0%
Interest expense
1,409
n/a
n/a
Income tax
-1,058
213
1,515
Net income
-667
520
3,632
Net margin
-1.6%
0.6%
7.4%
Diluted EPS
-$1.55
n/a
n/a
$ 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
FY2013
FY2012
FY2011
On the year
Last 8 years
Operating cash flow
8,445
20,909
12,377
-59.6%
Cash from investing
-16,334
-15,420
-13,295
Cash from financing
2,242
-1,305
2,099
Depreciation and amortisation
411
302
290
+36.1%
Share-based compensation
217
155
141
+40.0%
Buybacks
738
650
999
+13.5%
Dividends paid
828
768
704
+7.8%
Dividend per share
$1.73
n/a
n/a
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
35,278
38,575
34,253
-8.5%
Non-controlling interest
603
609
588
-1.0%
Debt
23,553
24,729
24,622
-4.8%
Other liabilities
672,347
645,385
560,781
+4.2%
Total liabilities and equity
731,781
709,298
620,244
+3.2%
Goodwill
839
873
888
-3.9%
Intangible assets
303
311
335
-2.6%
Securities held for sale or to maturity
290,178
305,604
259,755
-5.0%
Cash and equivalents
11,439
18,100
14,251
-36.8%
Other assets
429,022
384,410
345,015
+11.6%
Total assets
731,781
709,298
620,244
+3.2%
10-K for the year ended 31 December 2013, filed 27 February 2014: the filing.