Voya Financial (VOYA) FY2018 results: revenue $7.2 billion, down 0.9% on the year
Voya Financial, Inc. (VOYA) reported revenue of $7.2 billion for fiscal 2018, the year ended 31 December 2018, down 0.9% on the year before. Net income was $762 million, and diluted earnings per share $4.53. The figures are the company's own, from the 10-K it filed with the SEC on 22 February 2019.
Revenue
$7.2 billion
-0.9% on the year
FY2011FY2018
Operating margin
7.3%
5.3% a year earlier
FY2011FY2018
Net income
$762 million
FY2011FY2018
Diluted EPS
$4.53
FY2011FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
7,161
7,229
8,788
-0.9%
Operating income
521
385
114
+35.3%
Operating margin
7.3%
5.3%
1.3%
Interest expense
221
184
288
+20.1%
Pre-tax income
521
385
777
+35.3%
Income tax
39.0
687
-29.0
-94.3%
Effective tax rate
7.5%
178.4%
-3.7%
Net income
762
-2,992
-327
Net margin
10.6%
-41.4%
-3.7%
Diluted EPS
$4.53
-$16.25
-$1.61
$ 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
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
1,868
1,582
3,692
+18.1%
Capital expenditure
n/a
n/a
66.7
Free cash flow
n/a
n/a
3,625
Free cash flow margin
n/a
n/a
41.3%
Cash from investing
-282
-2,428
-3,683
Cash from financing
-1,764
-349
389
Depreciation and amortisation
n/a
81.0
98.6
Share-based compensation
96.0
117
99.0
-17.9%
Buybacks
1,025
923
687
+11.1%
Dividends paid
6.0
8.0
8.0
-25.0%
Dividend per share
$0.04
$0.04
$0.04
0.0%
Diluted shares, weighted
168m
184m
201m
-8.6%
Shares outstanding at period end
151m
172m
195m
-12.2%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
8,153
10,009
12,994
-18.5%
Non-controlling interest
792
1,030
973
-23.1%
Short-term borrowings
1.0
337
0.0
-99.7%
Debt
3,137
3,460
3,550
-9.3%
Other liabilities
143,299
207,696
196,718
-31.0%
Total liabilities and equity
155,382
222,532
214,235
-30.2%
Goodwill
48.0
31.0
n/a
+54.8%
Intangible assets
121
155
188
-21.9%
Securities held for sale or to maturity
36,897
48,329
47,394
-23.7%
Cash and equivalents
1,237
854
2,096
+44.8%
Other assets
117,079
173,163
164,557
-32.4%
Total assets
155,382
222,532
214,235
-30.2%
10-K for the year ended 31 December 2018, filed 22 February 2019: the filing.