Cash flow Prudential Financial, Inc.

Equities

PRU

US7443201022

Life & Health Insurance

Market Closed - Nyse Other stock markets 04:00:02 2024-12-06 pm EST			5-day change	1st Jan Change
126.56 ^USD	-0.57%		-2.20%	+22.03%

Dec. 04	Sector Update: Financial Stocks Lean Lower Pre-Bell Wednesday	MT
Dec. 04	Prudential Financial Names Andrew Sullivan as Chief Executive	MT

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Published financial data: PRUDENTIAL FINANCIAL, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Premiums and Annuity Revenues	40.18B	37.17B	40.77B	43.59B	31.89B
Total Interest And Dividend Income	17.58B	17.41B	18.29B	16.04B	17.86B
Asset Management Fee	4.24B	4.39B	4.9B	4.06B	3.72B
Gain (Loss) on Sale of Investments, Total (Rev)	448M	-3.68B	4.62B	-4.28B	-3B
Other Revenues, Total	2.26B	1.8B	2.3B	-1.03B	3.51B
Total Revenues	64.71B	57.09B	70.87B	58.38B	53.98B
Policy Benefits	43.97B	41.22B	44.81B	46B	36.32B
Policy Acquisition / Underwriting Costs, Total	2.33B	2.22B	2.1B	2.43B	1.46B
Selling General & Admin Expenses, Total	13.39B	13.91B	13.58B	12.48B	12.92B
Total Operating Expenses	59.7B	57.35B	60.49B	60.92B	50.7B
Operating Income	5.02B	-258M	10.38B	-2.54B	3.28B
Interest Expense, Total	-	-	-	-	-
Income (Loss) on Equity Invest.	100M	96M	87M	-56M	49M
Currency Exchange Gains (Loss)	61M	-58M	63M	-	-
Other Non Operating Income (Expenses)	-	-	-	-	-
EBT, Excl. Unusual Items	5.18B	-220M	10.53B	-2.59B	3.33B
Restructuring Charges	-27M	-7M	-1M	-8M	-30M
Total Merger & Related Restructuring Charges	-	-	-	-	-
Impairment of Goodwill	-	-	-1.06B	-903M	-177M
Gain (Loss) on Sale of Investments	36M	-	-	-	-
Gain (Loss) on Sale of Assets	-	-	-	1.67B	-
Other Unusual Items	-	-	-	-	-
EBT, Incl. Unusual Items	5.18B	-227M	9.47B	-1.83B	3.12B
Income Tax Expense	947M	-81M	1.67B	-370M	613M
Earnings From Continuing Operations	4.24B	-146M	7.79B	-1.46B	2.51B
Earnings Of Discontinued Operations	-	-	-	-	-
Net Income to Company	4.24B	-146M	7.79B	-1.46B	2.51B
Minority Interest	-52M	-228M	-70M	24M	-20M
Net Income - (IS)	4.19B	-374M	7.72B	-1.44B	2.49B
Preferred Dividend and Other Adjustments	46M	21M	115M	25M	29M
Net Income to Common Incl Extra Items	4.14B	-395M	7.61B	-1.46B	2.46B
Net Income to Common Excl. Extra Items	4.14B	-395M	7.61B	-1.46B	2.46B
Per Share Items
Net EPS - Basic	10.23	-1	19.65	-3.93	6.76
Basic EPS - Continuing Operations	10.23	-1	19.65	-3.93	6.76
Basic Weighted Average Shares Outstanding	405M	396M	387M	372M	364M
Net EPS - Diluted	10.11	-1	19.51	-3.93	6.74
Diluted EPS - Continuing Operations	10.11	-1	19.51	-3.93	6.74
Diluted Weighted Average Shares Outstanding	411M	396M	390M	372M	365M
Normalized Basic EPS	7.86	-0.92	16.81	-4.29	5.67
Normalized Diluted EPS	7.75	-0.92	16.69	-4.29	5.65
Dividend Per Share	4	4.4	4.6	4.8	5
Payout Ratio	39.2	-472.19	23.49	-126.36	74.2
Supplemental Items
EBITDA	5.48B	199M	10.58B	-2.41B	3.28B
EBITA	5.08B	-156M	10.49B	-2.43B	3.37B
EBIT	5.02B	-258M	10.38B	-2.54B	3.28B
EBITDAR	5.71B	459M	10.83B	-2.2B	3.48B
Total Revenues (As Reported)	64.81B	57.03B	70.93B	60.05B	53.98B
Effective Tax Rate - (Ratio)	18.26	35.68	17.68	20.2	19.64
Current Domestic Taxes	88M	-560M	1.12B	229M	21M
Current Foreign Taxes	879M	848M	770M	480M	667M
Total Current Taxes	967M	288M	1.89B	709M	688M
Deferred Domestic Taxes	56M	-361M	15M	-679M	323M
Deferred Foreign Taxes	-76M	-8M	-229M	-400M	-398M
Total Deferred Taxes	-20M	-369M	-214M	-1.08B	-75M
Normalized Net Income	3.18B	-366M	6.51B	-1.6B	2.06B
Non-Cash Pension Expense	-29M	-101M	-211M	-270M	-279M
Supplemental Operating Expense Items
General and Administrative Expenses	13.15B	13.65B	13.33B	12.27B	12.73B
Net Rental Expense, Total	239M	260M	249M	213M	195M
Imputed Operating Lease Interest Expense	-	-	-	-	-
Imputed Operating Lease Depreciation	-	-	-	-	-
Stock-Based Comp., Other (Total)	236M	242M	284M	220M	257M
Total Stock-Based Compensation	236M	242M	284M	220M	257M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Investment In Debt Securities	412B	436B	375B	310B	317B
Investment In Equity and Preferred Securities, Total	19.83B	22.63B	24.85B	25.28B	26.85B
Trading Asset Securities, Total	3.88B	3.91B	8.82B	5.95B	9.79B
Real Estate Owned	2.39B	2.03B	1.79B	1.62B	1.79B
Mortgage Loans	62.84B	64.66B	58.04B	56.18B	58.76B
Policy Loans	12.1B	11.27B	10.39B	10.05B	10.05B
Total Other Investments	9.44B	12.11B	9.9B	7.91B	9.05B
Total investments	522B	552B	488B	417B	433B
Cash And Equivalents	16.33B	13.7B	12.89B	17.25B	19.42B
Reinsurance Recoverable - (IS)	6.63B	7.35B	-	8.88B	27.31B
Other Receivables - (Insurance Template)	4.05B	3.96B	3.48B	7.8B	4.78B
Deferred Policy Acquisition Costs - (BS)	19.91B	19.03B	18.19B	19.54B	20.86B
Separate Account Assets	312B	327B	246B	198B	199B
Net Property Plant And Equipment	554M	466M	-	340M	-
Goodwill	3.01B	3.04B	1.8B	876M	1.07B
Other Intangibles, Total	323M	273M	-	205M	-
Restricted Cash	147M	154M	-	48M	44M
Other Current Assets, Total	877M	1.92B	157B	1.46B	1.1B
Deferred Charges Long-Term	935M	820M	-	366M	-
Other Long-Term Assets, Total	9.04B	10.41B	9.71B	18.88B	14.58B
Total Assets	897B	941B	938B	690B	721B
Liabilities
Insurance And Annuity Liabilities	450B	475B	419B	417B	414B
Unpaid Claims	2.88B	2.97B	3.2B	3.25B	-
Reinsurance Payable - (BS)	-	-	-	-	15.73B
Current Portion of Long-Term Debt	1.37B	527M	197M	328M	83M
Current Portion of Leases	152M	156M	129M	116M	110M
Short-Term Borrowings	14.46B	14.79B	14.96B	13.14B	13.07B
Long-Term Debt	19.92B	20.02B	18.9B	20.28B	20.26B
Long-Term Leases	442M	355M	303M	254M	201M
Separate Account Liability	312B	327B	246B	198B	199B
Current Income Taxes Payable	11.38B	12.02B	9.51B	-	-
Other Current Liabilities - (Brok / FS / Ins. / REIT Template)	831M	792M	154B	3.06B	17.4B
Pension & Other Post Retirement Benefits	3.37B	3.46B	2.99B	2.36B	2.06B
Other Non Current Liabilities	16.01B	15.56B	6.06B	14.75B	9.52B
Total Liabilities	833B	873B	875B	673B	691B
Common Stock, Total	6M	6M	6M	6M	6M
Additional Paid In Capital	25.53B	25.58B	25.73B	25.75B	25.75B
Retained Earnings	32.99B	30.75B	36.65B	33.39B	32.35B
Treasury Stock	-19.45B	-19.65B	-21.84B	-23.07B	-23.78B
Comprehensive Income and Other	24.04B	30.74B	21.32B	-19.83B	-6.5B
Total Common Equity	63.12B	67.42B	61.88B	16.25B	27.82B
Minority Interest	604M	785M	732M	958M	1.97B
Total Equity	63.72B	68.21B	62.61B	17.21B	29.79B
Total Liabilities And Equity	897B	941B	938B	690B	721B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	397M	397M	376M	366M	359M
ECS Total Common Shares Outstanding	399M	396M	376M	366M	359M
Book Value / Share	158.25	170.08	164.44	44.4	77.45
Tangible Book Value	59.78B	64.12B	60.07B	15.17B	26.75B
Tangible Book Value Per Share	149.89	161.73	159.64	41.45	74.46
Total Debt	36.34B	35.85B	34.49B	34.12B	33.72B
Net Debt	20.01B	22.15B	21.6B	16.86B	14.3B
Debt Equivalent of Unfunded Proj. Benefit Obligation	731M	586M	-455M	-1.42B	-1.41B
Debt Equivalent Oper. Leases	1.91B	2.08B	1.99B	1.7B	1.56B
Minority Interest, Total (Incl. Fin. Div)	604M	785M	732M	958M	1.97B
Equity Method Investments, Total	8.25B	10.14B	11.68B	14.41B	14.67B
Account Code - Inventory Valuation	3	3	3	3	3
Full Time Employees	51.51K	41.67K	40.92K	39.58K	40.37K

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	4.19B	-374M	7.72B	-1.44B	2.49B
Depreciation, Depletion & Amortization	395M	355M	94M	20M	-159M
Amortization of Goodwill and Intangible Assets - (CF)	65M	102M	110M	104M	89M
Total Depreciation, Depletion & Amortization	460M	457M	204M	124M	-70M
(Gain) Loss on Sale of Investments - (CF)	-512M	3.14B	-3.72B	4.5B	3.11B
Total Asset Writedown	-	-	1.06B	903M	177M
Deferred Policy Acquisition Costs - (CF)	-634M	-542M	-451M	232M	-869M
Change in Trading Asset Securities	-	-	-	-	-
Change In Income Taxes	-339M	-424M	-62M	-1.68B	-442M
Change in insurance Reserves / Liabilities	10.99B	10.82B	7.76B	6.57B	5.49B
Change in Other Net Operating Assets (Collected)	3.16B	-6.82B	-3.95B	-3.81B	-5.14B
Other Operating Activities	2.32B	2.11B	1.25B	-240M	1.76B
Cash from Operations	19.62B	8.37B	9.81B	5.16B	6.51B
Cash Acquisitions	-1.76B	-	-	-	-
Divestitures	-	1.45B	132M	422M	-
Investment in Marketable and Equity Securities, Total	-12.75B	-16.92B	-2.65B	-6.26B	-8B
Net (Increase) Decrease in Loans Originated / Sold - Investing	-3.8B	-88M	736M	573M	-2.11B
Other Investing Activities, Total	1.28B	-652M	-3.56B	-2.37B	-2.01B
Cash from Investing	-17.03B	-16.21B	-5.34B	-7.64B	-12.12B
Short Term Debt Issued, Total	16M	499M	339M	-	10M
Long-Term Debt Issued, Total	3.96B	3.01B	268M	2.84B	2.08B
Total Debt Issued	3.98B	3.51B	607M	2.84B	2.09B
Short Term Debt Repaid, Total	-181M	-21M	-	-1.76B	-156M
Long-Term Debt Repaid, Total	-2.07B	-2.76B	-1.71B	-1.18B	-2.32B
Total Debt Repaid	-2.25B	-2.78B	-1.71B	-2.94B	-2.47B
Issuance of Common Stock	133M	153M	200M	163M	126M
Repurchase of Common Stock	-2.5B	-500M	-2.5B	-1.49B	-1.01B
Common Dividends Paid	-1.64B	-1.77B	-1.81B	-1.82B	-1.85B
Common & Preferred Stock Dividends Paid	-1.64B	-1.77B	-1.81B	-1.82B	-1.85B
Annuity Receipts	27.48B	41.42B	31.8B	30.09B	28.52B
Annuity Payments	-26.66B	-34.7B	-29.23B	-24.15B	-18.31B
Other Financing Activities, Total	-181M	-456M	-364M	2.23B	645M
Cash from Financing	-1.63B	4.88B	-3.01B	4.93B	7.74B
Foreign Exchange Rate Adjustments	16M	340M	-309M	-159M	37M
Miscellaneous Cash Flow Adjustments	-	-	-2.07B	2.07B	-
Net Change in Cash	979M	-2.62B	-921M	4.36B	2.16B
Supplemental Items
Cash Interest Paid	1.52B	1.53B	1.45B	1.45B	1.56B
Cash Income Tax Paid (Refund)	1.35B	287M	1.67B	1.09B	895M
Net Debt Issued / Repaid	1.73B	729M	-1.1B	-96M	-388M
Levered Free Cash Flow	8.65B	-1.65B	-14.29B	-4.06B	2.62B
Unlevered Free Cash Flow	8.65B	-1.65B	-14.29B	-4.06B	2.62B
Change In Net Working Capital	-4.82B	2.18B	21.26B	2.82B	-387M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	0.37	-0.02	0.69	-0.19	0.29
Return on Total Capital	3.41	-0.16	6.45	-2.14	3.16
Return On Equity %	7.52	-0.22	11.92	-3.66	8.13
Return on Common Equity	7.41	-0.61	11.77	-3.75	8.42
Margin Analysis
Gross Profit Margin %	28.44	23.91	33.81	17.04	30.01
SG&A Margin	20.69	24.36	19.16	21.39	23.94
EBITDA Margin %	8.46	0.35	14.93	-4.13	6.08
EBITA Margin %	7.85	-0.27	14.8	-4.17	6.24
EBIT Margin %	7.75	-0.45	14.64	-4.35	6.07
Income From Continuing Operations Margin %	6.55	-0.26	11	-2.5	4.65
Net Income Margin %	6.47	-0.66	10.9	-2.46	4.61
Net Avail. For Common Margin %	6.4	-0.69	10.74	-2.51	4.56
Normalized Net Income Margin	4.92	-0.64	9.19	-2.73	3.82
Levered Free Cash Flow Margin	13.37	-2.88	-20.16	-6.95	4.86
Unlevered Free Cash Flow Margin	13.37	-2.88	-20.16	-6.95	4.86
Asset Turnover
Asset Turnover	0.08	0.06	0.08	0.07	0.08
Fixed Assets Turnover	-	111.94	-	-	-
Short Term Liquidity
Current Ratio	0.62	0.63	0.99	1.18	1.23
Quick Ratio	0.43	0.42	0.15	0.83	1.09
Operating Cash Flow to Current Liabilities	0.33	0.14	0.05	0.13	0.2
Average Days Payable Outstanding	241.44	272.11	175.14	127.64	10.48
Long Term Solvency
Total Debt/Equity	57.03	52.56	55.08	198.26	113.2
Total Debt / Total Capital	36.32	34.45	35.52	66.47	53.1
LT Debt/Equity	31.96	29.88	30.67	119.34	68.68
Long-Term Debt / Total Capital	20.35	19.58	19.77	40.01	32.21
Total Liabilities / Total Assets	92.89	92.75	93.32	97.51	95.87
EBIT / Interest Expense	-	-	-	-	-
EBITDA / Interest Expense	-	-	-	-	-
(EBITDA - Capex) / Interest Expense	-	-	-	-	-
Total Debt / EBITDA	6.36	78.11	3.18	-15.51	9.7
Net Debt / EBITDA	3.5	48.26	1.99	-7.67	4.11
Total Debt / (EBITDA - Capex)	6.36	78.11	3.18	-15.51	9.7
Net Debt / (EBITDA - Capex)	3.5	48.26	1.99	-7.67	4.11
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	2.26	-11.91	24.14	-17.63	-1.11
Gross Profit, 1 Yr. Growth %