Voya Financial (VOYA) FY2017 results: revenue $7.2 billion, down 17.7% on the year
Voya Financial, Inc. (VOYA) reported revenue of $7.2 billion for fiscal 2017, the year ended 31 December 2017, down 17.7% on the year before. Net income was -$3.0 billion, and diluted earnings per share $-16.25. The figures are the company's own, from the 10-K it filed with the SEC on 23 February 2018.
Revenue
$7.2 billion
-17.7% on the year
FY2011FY2017
Operating margin
5.3%
1.3% a year earlier
FY2011FY2017
Net income
-$3.0 billion
FY2011FY2017
Diluted EPS
-$16.25
FY2011FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
7,229
8,788
8,716
-17.7%
Operating income
385
114
156
+236.2%
Operating margin
5.3%
1.3%
1.8%
Interest expense
184
288
197
-36.1%
Pre-tax income
385
777
978
-50.5%
Income tax
687
-29.0
84.0
Effective tax rate
178.4%
-3.7%
8.6%
Net income
-2,992
-327
408
Net margin
-41.4%
-3.7%
4.7%
Diluted EPS
-$16.25
-$1.61
$1.80
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
1,582
3,692
3,246
-57.2%
Capital expenditure
n/a
66.7
60.1
Free cash flow
n/a
3,625
3,186
Free cash flow margin
n/a
41.3%
36.5%
Cash from investing
-2,428
-3,683
-4,274
Cash from financing
-349
389
1,010
Depreciation and amortisation
81.0
98.6
92.5
-17.8%
Share-based compensation
117
99.0
76.0
+18.2%
Buybacks
923
687
1,487
+34.3%
Dividends paid
8.0
8.0
9.0
0.0%
Dividend per share
$0.04
$0.04
$0.04
0.0%
Diluted shares, weighted
184m
201m
227m
-8.3%
Shares outstanding at period end
172m
195m
209m
-11.6%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
10,009
12,994
13,436
-23.0%
Non-controlling interest
1,030
973
2,840
+5.8%
Short-term borrowings
337
0.0
0.0
Debt
3,460
3,550
3,460
-2.5%
Other liabilities
207,696
196,718
198,514
+5.6%
Total liabilities and equity
222,532
214,235
218,250
+3.9%
Goodwill
31.0
n/a
n/a
Intangible assets
155
188
220
-17.6%
Securities held for sale or to maturity
48,329
47,394
67,733
+2.0%
Cash and equivalents
854
2,096
1,817
-59.3%
Other assets
173,163
164,557
148,480
+5.2%
Total assets
222,532
214,235
218,250
+3.9%
10-K for the year ended 31 December 2017, filed 23 February 2018: the filing.