Voya Financial (VOYA) FY2015 results: revenue $8.7 billion, down 20.7% on the year
Voya Financial, Inc. (VOYA) reported revenue of $8.7 billion for fiscal 2015, the year ended 31 December 2015, down 20.7% on the year before. Net income was $408 million, down 82.2%, and diluted earnings per share $1.80. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2016.
Revenue
$8.7 billion
-20.7% on the year
FY2011FY2015
Operating margin
1.8%
1.9% a year earlier
FY2011FY2015
Net income
$408 million
-82.2% on the year
FY2011FY2015
Diluted EPS
$1.80
-80.0% on the year
FY2011FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
8,716
10,987
8,758
-20.7%
Operating income
156
214
358
-27.1%
Operating margin
1.8%
1.9%
4.1%
Interest expense
197
190
185
+3.8%
Pre-tax income
978
1,231
1,269
-20.6%
Income tax
84.0
-1,732
-32.5
Effective tax rate
8.6%
-140.7%
-2.6%
Net income
408
2,295
598
-82.2%
Net margin
4.7%
20.9%
6.8%
Diluted EPS
$1.80
$9.02
$2.38
-80.0%
$ 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
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
3,246
3,629
3,263
-10.6%
Capital expenditure
60.1
32.7
40.7
+83.8%
Free cash flow
3,186
3,596
3,223
-11.4%
Free cash flow margin
36.5%
32.7%
36.8%
Cash from investing
-4,274
-3,314
-1,886
Cash from financing
1,010
-625
-324
Depreciation and amortisation
92.5
90.6
85.4
+2.1%
Share-based compensation
76.0
92.6
80.0
-17.9%
Buybacks
1,487
789
0.0
+88.3%
Dividends paid
9.0
10.1
5.2
-10.9%
Dividend per share
$0.04
$0.04
$0.02
0.0%
Diluted shares, weighted
227m
255m
252m
-10.9%
Shares outstanding at period end
209m
242m
262m
-13.6%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
13,436
16,146
13,272
-16.8%
Non-controlling interest
2,840
2,415
2,242
+17.6%
Short-term borrowings
0.0
0.0
0.0
Debt
3,460
3,516
3,515
-1.6%
Other liabilities
198,514
204,874
201,994
-3.1%
Total liabilities and equity
218,250
226,951
221,023
-3.8%
Intangible assets
220
n/a
293
Securities held for sale or to maturity
67,733
n/a
n/a
Cash and equivalents
1,817
2,531
2,841
-28.2%
Other assets
148,480
224,420
217,890
-33.8%
Total assets
218,250
226,951
221,023
-3.8%
10-K for the year ended 31 December 2015, filed 25 February 2016: the filing.