Prudential Financial (PRU) FY2015 results: revenue $57.1 billion, up 5.6% on the year
Prudential Financial Inc. (PRU) reported revenue of $57.1 billion for fiscal 2015, the year ended 31 December 2015, up 5.6% on the year before. Net income was $5.6 billion, up 308.5%, and diluted earnings per share $12.17. The figures are the company's own, from the 10-K it filed with the SEC on 19 February 2016.
Revenue
$57.1 billion
+5.6% on the year
FY2008FY2015
Operating margin
13.6%
3.3% a year earlier
FY2008FY2015
Net income
$5.6 billion
+308.5% on the year
FY2008FY2015
Diluted EPS
$12.17
+276.8% 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
57,119
54,105
41,461
+5.6%
Operating income
7,769
1,759
-1,684
+341.7%
Operating margin
13.6%
3.3%
-4.1%
Interest expense
1,306
1,908
1,409
-31.6%
Pre-tax income
7,769
1,759
n/a
+341.7%
Income tax
2,072
349
-1,058
+493.7%
Effective tax rate
26.7%
19.8%
n/a
Net income
5,642
1,381
-667
+308.5%
Net margin
9.9%
2.6%
-1.6%
Diluted EPS
$12.17
$3.23
-$1.55
+276.8%
$ 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
13,942
19,396
8,445
-28.1%
Cash from investing
-7,746
-17,088
-16,334
Cash from financing
-3,571
1,629
2,242
Depreciation and amortisation
113
631
411
-82.1%
Share-based compensation
164
166
217
-1.2%
Buybacks
1,013
1,000
738
+1.3%
Dividends paid
1,117
1,008
828
+10.8%
Dividend per share
$2.44
$2.17
$1.73
+12.4%
Diluted shares, weighted
460m
n/a
n/a
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
41,890
41,770
35,278
+0.3%
Non-controlling interest
33.0
579
603
-94.3%
Debt
19,594
19,831
23,553
-1.2%
Other liabilities
695,871
704,475
672,347
-1.2%
Total liabilities and equity
757,388
766,655
731,781
-1.2%
Goodwill
824
831
839
-0.8%
Intangible assets
303
294
303
+3.1%
Securities held for sale or to maturity
292,631
301,665
290,178
-3.0%
Cash and equivalents
17,612
14,918
11,439
+18.1%
Other assets
446,018
448,947
429,022
-0.7%
Total assets
757,388
766,655
731,781
-1.2%
10-K for the year ended 31 December 2015, filed 19 February 2016: the filing.