Prudential Financial (PRU) FY2020 results: revenue $57.0 billion, down 12.0% on the year
Prudential Financial Inc. (PRU) reported revenue of $57.0 billion for fiscal 2020, the year ended 31 December 2020, down 12.0% on the year before. Net income was -$374 million, and diluted earnings per share $-1.00. The figures are the company's own, from the 10-K it filed with the SEC on 19 February 2021.
Revenue
$57.0 billion
-12.0% on the year
FY2013FY2020
Operating margin
-0.6%
7.8% a year earlier
FY2013FY2020
Net income
-$374 million
FY2013FY2020
Diluted EPS
-$1.00
FY2013FY2020
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Revenue
57,033
64,807
62,992
-12.0%
Operating income
-323
5,085
4,834
Operating margin
-0.6%
7.8%
7.7%
Interest expense
1,560
1,550
1,420
+0.6%
Pre-tax income
-323
5,085
4,834
Income tax
-81.0
947
822
Effective tax rate
n/a
18.6%
17.0%
Net income
-374
4,186
4,074
Net margin
-0.7%
6.5%
6.5%
Diluted EPS
-$1.00
$10.11
$9.50
$ 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
FY2020
FY2019
FY2018
On the year
Last 8 years
Operating cash flow
8,368
19,625
21,664
-57.4%
Cash from investing
-16,210
-17,028
-21,628
Cash from financing
4,883
-1,634
781
Depreciation and amortisation
457
460
161
-0.7%
Share-based compensation
226
231
155
-2.2%
Buybacks
500
2,500
1,500
-80.0%
Dividends paid
1,766
1,641
1,521
+7.6%
Dividend per share
$4.40
$4.00
$3.60
+10.0%
Diluted shares, weighted
396m
411m
426m
-3.7%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
67,425
63,115
48,617
+6.8%
Non-controlling interest
785
604
414
+30.0%
Debt
19,718
18,646
17,378
+5.7%
Other liabilities
852,794
814,187
748,669
+4.7%
Total liabilities and equity
940,722
896,552
815,078
+4.9%
Goodwill
3,035
3,013
863
+0.7%
Intangible assets
580
600
348
-3.3%
Investments
7,800
5,467
6,469
+42.7%
Cash and equivalents
13,701
16,327
15,353
-16.1%
Other assets
915,606
871,145
792,045
+5.1%
Total assets
940,722
896,552
815,078
+4.9%
10-K for the year ended 31 December 2020, filed 19 February 2021: the filing.