Prudential Financial (PRU) FY2016 results: revenue $58.8 billion, up 2.9% on the year
Prudential Financial Inc. (PRU) reported revenue of $58.8 billion for fiscal 2016, the year ended 31 December 2016, up 2.9% on the year before. Net income was $4.4 billion, down 22.6%, and diluted earnings per share $9.71. The figures are the company's own, from the 10-K it filed with the SEC on 17 February 2017.
Revenue
$58.8 billion
+2.9% on the year
FY2009FY2016
Operating margin
9.7%
13.6% a year earlier
FY2009FY2016
Net income
$4.4 billion
-22.6% on the year
FY2009FY2016
Diluted EPS
$9.71
-20.2% on the year
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
58,779
57,119
54,105
+2.9%
Operating income
5,705
7,769
1,759
-26.6%
Operating margin
9.7%
13.6%
3.3%
Interest expense
1,320
1,306
1,908
+1.1%
Pre-tax income
5,705
7,769
1,759
-26.6%
Income tax
1,335
2,072
349
-35.6%
Effective tax rate
23.4%
26.7%
19.8%
Net income
4,368
5,642
1,381
-22.6%
Net margin
7.4%
9.9%
2.6%
Diluted EPS
$9.71
$12.17
$3.23
-20.2%
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
14,876
13,942
19,396
+6.7%
Cash from investing
-21,694
-7,746
-17,088
Cash from financing
3,201
-3,571
1,629
Depreciation and amortisation
318
113
631
+181.4%
Share-based compensation
202
164
166
+23.2%
Buybacks
2,000
1,013
1,000
+97.4%
Dividends paid
1,300
1,117
1,008
+16.4%
Dividend per share
$2.80
$2.44
$2.17
+14.8%
Diluted shares, weighted
447m
460m
n/a
-3.0%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
45,863
41,890
41,770
+9.5%
Non-controlling interest
225
33.0
579
+581.8%
Debt
18,041
19,594
19,831
-7.9%
Other liabilities
719,833
695,871
704,475
+3.4%
Total liabilities and equity
783,962
757,388
766,655
+3.5%
Goodwill
833
824
831
+1.1%
Intangible assets
310
303
294
+2.3%
Securities held for sale or to maturity
323,563
292,631
301,665
+10.6%
Cash and equivalents
14,127
17,612
14,918
-19.8%
Other assets
445,129
446,018
448,947
-0.2%
Total assets
783,962
757,388
766,655
+3.5%
10-K for the year ended 31 December 2016, filed 17 February 2017: the filing.