Prudential Financial (PRU) FY2021 results: revenue $71.2 billion, up 24.9% on the year
Prudential Financial Inc. (PRU) reported revenue of $71.2 billion for fiscal 2021, the year ended 31 December 2021, up 24.9% on the year before. Net income was $8.9 billion, and diluted earnings per share $22.40. The figures are the company's own, from the 10-K it filed with the SEC on 17 February 2022.
Revenue
$71.2 billion
+24.9% on the year
FY2014FY2021
Operating margin
15.2%
-0.6% a year earlier
FY2014FY2021
Net income
$8.9 billion
FY2014FY2021
Diluted EPS
$22.40
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
$ 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
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
9,812
8,368
19,625
+17.3%
Cash from investing
-5,342
-16,210
-17,028
Cash from financing
-3,011
4,883
-1,634
Depreciation and amortisation
206
457
460
-54.9%
Share-based compensation
268
226
231
+18.6%
Buybacks
2,500
500
2,500
+400.0%
Dividends paid
1,814
1,766
1,641
+2.7%
Dividend per share
$4.60
$4.40
$4.00
+4.5%
Diluted shares, weighted
390m
396m
411m
-1.4%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
61,876
67,425
63,115
-8.2%
Non-controlling interest
732
785
604
-6.8%
Debt
18,622
19,718
18,646
-5.6%
Other liabilities
856,352
852,794
814,187
+0.4%
Total liabilities and equity
937,582
940,722
896,552
-0.3%
Goodwill
1,804
3,035
3,013
-40.6%
Intangible assets
619
580
600
+6.7%
Investments
n/a
7,800
5,467
Securities held for sale or to maturity
373,924
n/a
n/a
Cash and equivalents
12,888
13,701
16,327
-5.9%
Other assets
548,347
915,606
871,145
-40.1%
Total assets
937,582
940,722
896,552
-0.3%
10-K for the year ended 31 December 2021, filed 17 February 2022: the filing.