Voya Financial (VOYA) FY2019 results: revenue $7.5 billion, up 4.4% on the year
Voya Financial, Inc. (VOYA) reported revenue of $7.5 billion for fiscal 2019, the year ended 31 December 2019, up 4.4% on the year before. Net income was -$360 million, and diluted earnings per share $-2.58. The figures are the company's own, from the 10-K it filed with the SEC on 21 February 2020.
Revenue
$7.5 billion
+4.4% on the year
FY2012FY2019
Operating margin
7.5%
7.3% a year earlier
FY2012FY2019
Net income
-$360 million
FY2012FY2019
Diluted EPS
-$2.58
FY2012FY2019
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Revenue
7,476
7,161
7,229
+4.4%
Operating income
560
521
385
+7.5%
Operating margin
7.5%
7.3%
5.3%
Interest expense
176
221
184
-20.4%
Pre-tax income
574
521
385
+10.2%
Income tax
-217
39.0
687
Effective tax rate
-37.8%
7.5%
178.4%
Net income
-360
762
-2,992
Net margin
-4.8%
10.6%
-41.4%
Diluted EPS
-$2.58
$4.53
-$16.25
$ 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
FY2019
FY2018
FY2017
On the year
Last 8 years
Operating cash flow
1,310
1,868
1,582
-29.9%
Cash from investing
-1,255
-282
-2,428
Cash from financing
-121
-1,764
-349
Depreciation and amortisation
n/a
n/a
81.0
Share-based compensation
98.0
96.0
117
+2.1%
Buybacks
1,136
1,025
923
+10.8%
Dividends paid
44.0
6.0
8.0
+633.3%
Dividend per share
$0.32
$0.04
$0.04
+700.0%
Diluted shares, weighted
147m
168m
184m
-12.6%
Shares outstanding at period end
132m
151m
172m
-12.4%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
9,339
8,153
10,009
+14.5%
Non-controlling interest
822
792
1,030
+3.8%
Short-term borrowings
1.0
1.0
337
0.0%
Debt
3,043
3,137
3,460
-3.0%
Other liabilities
155,846
143,299
207,696
+8.8%
Total liabilities and equity
169,051
155,382
222,532
+8.8%
Goodwill
48.0
48.0
31.0
0.0%
Intangible assets
87.0
121
155
-28.1%
Securities held for sale or to maturity
39,663
36,897
48,329
+7.5%
Cash and equivalents
1,181
1,237
854
-4.5%
Other assets
128,072
117,079
173,163
+9.4%
Total assets
169,051
155,382
222,532
+8.8%
10-K for the year ended 31 December 2019, filed 21 February 2020: the filing.