Prudential Financial (PRU) FY2017 results: revenue $59.7 billion, up 1.5% on the year
Prudential Financial Inc. (PRU) reported revenue of $59.7 billion for fiscal 2017, the year ended 31 December 2017, up 1.5% on the year before. Net income was $7.9 billion, up 80.0%, and diluted earnings per share $17.86. The figures are the company's own, from the 10-K it filed with the SEC on 16 February 2018.
Revenue
$59.7 billion
+1.5% on the year
FY2010FY2017
Operating margin
10.9%
9.7% a year earlier
FY2010FY2017
Net income
$7.9 billion
+80.0% on the year
FY2010FY2017
Diluted EPS
$17.86
+83.9% on the year
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
59,689
58,779
57,119
+1.5%
Operating income
6,487
5,705
7,769
+13.7%
Operating margin
10.9%
9.7%
13.6%
Interest expense
1,327
1,320
1,306
+0.5%
Pre-tax income
6,487
5,705
7,769
+13.7%
Income tax
-1,438
1,335
2,072
Effective tax rate
-22.2%
23.4%
26.7%
Net income
7,863
4,368
5,642
+80.0%
Net margin
13.2%
7.4%
9.9%
Diluted EPS
$17.86
$9.71
$12.17
+83.9%
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
13,445
14,876
13,942
-9.6%
Cash from investing
-11,934
-21,694
-7,746
Cash from financing
-1,258
3,201
-3,571
Depreciation and amortisation
222
318
113
-30.2%
Share-based compensation
263
202
164
+30.2%
Buybacks
1,250
2,000
1,013
-37.5%
Dividends paid
1,296
1,300
1,117
-0.3%
Dividend per share
$3.00
$2.80
$2.44
+7.1%
Diluted shares, weighted
436m
447m
460m
-2.4%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
54,236
45,863
41,890
+18.3%
Non-controlling interest
275
225
33.0
+22.2%
Debt
17,172
18,041
19,594
-4.8%
Other liabilities
760,238
719,833
695,871
+5.6%
Total liabilities and equity
831,921
783,962
757,388
+6.1%
Goodwill
843
833
824
+1.2%
Intangible assets
342
310
303
+10.3%
Investments
5,154
n/a
n/a
Securities held for sale or to maturity
n/a
323,563
292,631
Cash and equivalents
14,490
14,127
17,612
+2.6%
Other assets
811,092
445,129
446,018
+82.2%
Total assets
831,921
783,962
757,388
+6.1%
10-K for the year ended 31 December 2017, filed 16 February 2018: the filing.