Voya Financial (VOYA) FY2016 results: revenue $8.8 billion, up 0.8% on the year
Voya Financial, Inc. (VOYA) reported revenue of $8.8 billion for fiscal 2016, the year ended 31 December 2016, up 0.8% on the year before. Net income was -$327 million, and diluted earnings per share $-1.61. The figures are the company's own, from the 10-K it filed with the SEC on 23 February 2017.
Revenue
$8.8 billion
+0.8% on the year
FY2011FY2016
Operating margin
1.3%
1.8% a year earlier
FY2011FY2016
Net income
-$327 million
FY2011FY2016
Diluted EPS
-$1.61
FY2011FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
8,788
8,716
10,987
+0.8%
Operating income
114
156
214
-26.6%
Operating margin
1.3%
1.8%
1.9%
Interest expense
288
197
190
+46.2%
Pre-tax income
777
978
1,231
-20.5%
Income tax
-29.0
84.0
-1,732
Effective tax rate
-3.7%
8.6%
-140.7%
Net income
-327
408
2,295
Net margin
-3.7%
4.7%
20.9%
Diluted EPS
-$1.61
$1.80
$9.02
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
3,692
3,246
3,629
+13.8%
Capital expenditure
66.7
60.1
32.7
+11.0%
Free cash flow
3,625
3,186
3,596
+13.8%
Free cash flow margin
41.3%
36.5%
32.7%
Cash from investing
-3,683
-4,274
-3,314
Cash from financing
389
1,010
-625
-61.5%
Depreciation and amortisation
98.6
92.5
90.6
+6.6%
Share-based compensation
99.0
76.0
92.6
+30.3%
Buybacks
687
1,487
789
-53.8%
Dividends paid
8.0
9.0
10.1
-11.1%
Dividend per share
$0.04
$0.04
$0.04
0.0%
Diluted shares, weighted
201m
227m
255m
-11.7%
Shares outstanding at period end
195m
209m
242m
-6.9%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
12,994
13,436
16,146
-3.3%
Non-controlling interest
973
2,840
2,415
-65.7%
Short-term borrowings
0.0
0.0
0.0
Debt
3,550
3,460
3,516
+2.6%
Other liabilities
196,718
198,514
204,874
-0.9%
Total liabilities and equity
214,235
218,250
226,951
-1.8%
Intangible assets
188
220
n/a
-14.4%
Securities held for sale or to maturity
47,394
67,733
n/a
-30.0%
Cash and equivalents
2,096
1,817
2,531
+15.4%
Other assets
164,557
148,480
224,420
+10.8%
Total assets
214,235
218,250
226,951
-1.8%
10-K for the year ended 31 December 2016, filed 23 February 2017: the filing.