Prudential Financial (PRU) FY2022 results: revenue $56.9 billion, down 20.2% on the year
Prudential Financial Inc. (PRU) reported revenue of $56.9 billion for fiscal 2022, the year ended 31 December 2022, down 20.2% on the year before. Net income was -$1.6 billion, and diluted earnings per share $-4.49. The figures are the company's own, from the 10-K it filed with the SEC on 16 February 2023.
Revenue
$56.9 billion
-20.2% on the year
FY2015FY2022
Operating margin
-3.3%
15.2% a year earlier
FY2015FY2022
Net income
-$1.6 billion
FY2015FY2022
Diluted EPS
-$4.49
FY2015FY2022
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
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
5,158
9,812
8,368
-47.4%
Cash from investing
-7,638
-5,342
-16,210
Cash from financing
4,933
-3,011
4,883
Depreciation and amortisation
117
206
457
-43.2%
Share-based compensation
208
268
226
-22.4%
Buybacks
1,488
2,500
500
-40.5%
Dividends paid
1,817
1,814
1,766
+0.2%
Dividend per share
$4.80
$4.60
$4.40
+4.3%
Diluted shares, weighted
372m
390m
396m
-4.6%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
30,593
61,876
67,425
-50.6%
Non-controlling interest
955
732
785
+30.5%
Redeemable equity
371
n/a
n/a
Debt
19,908
18,622
19,718
+6.9%
Other liabilities
638,090
856,352
852,794
-25.5%
Total liabilities and equity
689,917
937,582
940,722
-26.4%
Goodwill
876
1,804
3,035
-51.4%
Intangible assets
518
619
580
-16.3%
Investments
n/a
n/a
7,800
Securities held for sale or to maturity
309,015
373,924
n/a
-17.4%
Cash and equivalents
17,251
12,888
13,701
+33.9%
Other assets
362,257
548,347
915,606
-33.9%
Total assets
689,917
937,582
940,722
-26.4%
10-K for the year ended 31 December 2022, filed 16 February 2023: the filing.