Voya Financial (VOYA) FY2020 results: revenue $7.6 billion, up 2.3% on the year
Voya Financial, Inc. (VOYA) reported revenue of $7.6 billion for fiscal 2020, the year ended 31 December 2020, up 2.3% on the year before. Net income was -$206 million, and diluted earnings per share $-1.84. The figures are the company's own, from the 10-K it filed with the SEC on 1 March 2021.
Revenue
$7.6 billion
+2.3% on the year
FY2013FY2020
Operating margin
4.6%
7.5% a year earlier
FY2013FY2020
Net income
-$206 million
FY2013FY2020
Diluted EPS
-$1.84
FY2013FY2020
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Revenue
7,649
7,476
7,161
+2.3%
Operating income
352
560
521
-37.1%
Operating margin
4.6%
7.5%
7.3%
Interest expense
n/a
176
221
Pre-tax income
352
574
521
-38.7%
Income tax
-18.0
-217
39.0
Effective tax rate
-5.1%
-37.8%
7.5%
Net income
-206
-360
762
Net margin
-2.7%
-4.8%
10.6%
Diluted EPS
-$1.84
-$2.58
$4.53
$ 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
FY2020
FY2019
FY2018
On the year
Last 8 years
Operating cash flow
1,362
1,310
1,868
+4.0%
Cash from investing
-2,461
-1,255
-282
Cash from financing
1,702
-121
-1,764
Share-based compensation
88.0
98.0
96.0
-10.2%
Buybacks
516
1,136
1,025
-54.6%
Dividends paid
36.0
44.0
6.0
-18.2%
Dividend per share
$0.60
$0.32
$0.04
+87.5%
Diluted shares, weighted
132m
147m
168m
-10.3%
Shares outstanding at period end
124m
132m
151m
-6.1%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
10,110
9,339
8,153
+8.3%
Non-controlling interest
1,068
822
792
+29.9%
Short-term borrowings
1.0
1.0
1.0
0.0%
Debt
3,045
3,043
3,137
+0.1%
Other liabilities
166,294
155,846
143,299
+6.7%
Total liabilities and equity
180,518
169,051
155,382
+6.8%
Goodwill
48.0
48.0
48.0
0.0%
Intangible assets
76.0
87.0
121
-12.6%
Securities held for sale or to maturity
43,569
39,663
36,897
+9.8%
Cash and equivalents
1,502
1,181
1,237
+27.2%
Other assets
135,323
128,072
117,079
+5.7%
Total assets
180,518
169,051
155,382
+6.8%
10-K for the year ended 31 December 2020, filed 1 March 2021: the filing.