Prudential Financial (PRU) FY2014 results: revenue $54.1 billion, up 30.5% on the year
Prudential Financial Inc. (PRU) reported revenue of $54.1 billion for fiscal 2014, the year ended 31 December 2014, up 30.5% on the year before. Net income was $1.4 billion, and diluted earnings per share $3.23. The figures are the company's own, from the 10-K it filed with the SEC on 20 February 2015.
Revenue
$54.1 billion
+30.5% on the year
FY2007FY2014
Operating margin
3.3%
-4.1% a year earlier
FY2007FY2014
Net income
$1.4 billion
FY2007FY2014
Diluted EPS
$3.23
FY2007FY2014
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Revenue
54,105
41,461
84,815
+30.5%
Operating income
1,759
-1,684
676
Operating margin
3.3%
-4.1%
0.8%
Interest expense
1,908
1,409
n/a
+35.4%
Pre-tax income
1,759
n/a
n/a
Income tax
349
-1,058
213
Effective tax rate
19.8%
n/a
n/a
Net income
1,381
-667
520
Net margin
2.6%
-1.6%
0.6%
Diluted EPS
$3.23
-$1.55
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
FY2014
FY2013
FY2012
On the year
Last 8 years
Operating cash flow
19,396
8,445
20,909
+129.7%
Cash from investing
-17,088
-16,334
-15,420
Cash from financing
1,629
2,242
-1,305
-27.3%
Depreciation and amortisation
631
411
302
+53.5%
Share-based compensation
166
217
155
-23.5%
Buybacks
1,000
738
650
+35.5%
Dividends paid
1,008
828
768
+21.7%
Dividend per share
$2.17
$1.73
n/a
+25.4%
Balance sheet
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Shareholders' equity
41,770
35,278
38,575
+18.4%
Non-controlling interest
579
603
609
-4.0%
Debt
19,831
23,553
24,729
-15.8%
Other liabilities
704,475
672,347
645,385
+4.8%
Total liabilities and equity
766,655
731,781
709,298
+4.8%
Goodwill
831
839
873
-1.0%
Intangible assets
294
303
311
-3.0%
Securities held for sale or to maturity
301,665
290,178
305,604
+4.0%
Cash and equivalents
14,918
11,439
18,100
+30.4%
Other assets
448,947
429,022
384,410
+4.6%
Total assets
766,655
731,781
709,298
+4.8%
10-K for the year ended 31 December 2014, filed 20 February 2015: the filing.