2009 Q4 Form 10-K Financial Statement
#000119312511047536 Filed on February 25, 2011
Income Statement
| Concept | 2009 Q4 | 2009 Q3 | 2009 Q2 |
|---|---|---|---|
| Revenue | $2.461B | $2.391B | $2.483B |
| YoY Change | -6.39% | 10.29% | 3.54% |
| Cost Of Revenue | |||
| YoY Change | |||
| Gross Profit | |||
| YoY Change | |||
| Gross Profit Margin | |||
| Selling, General & Admin | $503.0M | $484.0M | $456.0M |
| YoY Change | -11.13% | -6.02% | -17.24% |
| % of Gross Profit | |||
| Research & Development | |||
| YoY Change | |||
| % of Gross Profit | |||
| Depreciation & Amortization | $180.0M | $143.0M | $212.0M |
| YoY Change | -31.82% | -31.25% | 1.44% |
| % of Gross Profit | |||
| Operating Expenses | $2.272B | $2.302B | $2.423B |
| YoY Change | -15.7% | -8.1% | -1.74% |
| Operating Profit | |||
| YoY Change | |||
| Interest Expense | -$87.00M | -$96.00M | -$114.0M |
| YoY Change | -29.27% | -23.2% | 3.64% |
| % of Operating Profit | |||
| Other Income/Expense, Net | |||
| YoY Change | |||
| Pretax Income | $102.0M | -$7.000M | -$54.00M |
| YoY Change | -123.61% | -98.59% | -69.66% |
| Income Tax | $27.00M | -$52.00M | -$4.000M |
| % Of Pretax Income | 26.47% | ||
| Net Earnings | $40.00M | $19.00M | -$50.00M |
| YoY Change | -112.46% | -107.36% | -54.13% |
| Net Earnings / Revenue | 1.63% | 0.79% | -2.01% |
| Basic Earnings Per Share | |||
| Diluted Earnings Per Share | $81.27K | $42.07K | -$115.4K |
| COMMON SHARES | |||
| Basic Shares Outstanding | |||
| Diluted Shares Outstanding | 492.2M | 451.6M | 433.2M |
Balance Sheet
| Concept | 2009 Q4 | 2009 Q3 | 2009 Q2 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | |||
| YoY Change | |||
| Cash & Equivalents | $5.002B | $7.144B | $5.374B |
| Short-Term Investments | |||
| Other Short-Term Assets | |||
| YoY Change | |||
| Inventory | |||
| Prepaid Expenses | |||
| Receivables | |||
| Other Receivables | |||
| Total Short-Term Assets | |||
| YoY Change | |||
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | |||
| YoY Change | |||
| Goodwill | $1.324B | ||
| YoY Change | |||
| Intangibles | |||
| YoY Change | |||
| Long-Term Investments | $63.52B | $61.97B | $59.84B |
| YoY Change | 4.79% | -3.49% | -11.07% |
| Other Assets | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Total Long-Term Assets | |||
| YoY Change | |||
| TOTAL ASSETS | |||
| Total Short-Term Assets | |||
| Total Long-Term Assets | |||
| Total Assets | $108.2B | $108.8B | $104.8B |
| YoY Change | 0.74% | -0.67% | -8.22% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | |||
| YoY Change | |||
| Accrued Expenses | |||
| YoY Change | |||
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Long-Term Debt Due | $930.0M | $930.0M | $930.0M |
| YoY Change | -17.92% | 1092.31% | 365.0% |
| Total Short-Term Liabilities | $930.0M | $930.0M | $930.0M |
| YoY Change | -17.92% | 1092.31% | 365.0% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $7.084B | $6.900B | $6.927B |
| YoY Change | -8.19% | -13.59% | -13.26% |
| Other Long-Term Liabilities | $6.298B | $6.708B | $5.787B |
| YoY Change | -8.19% | 8.19% | -5.02% |
| Total Long-Term Liabilities | $13.38B | $13.61B | $12.71B |
| YoY Change | -8.19% | -4.07% | -9.7% |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $930.0M | $930.0M | $930.0M |
| Total Long-Term Liabilities | $13.38B | $13.61B | $12.71B |
| Total Liabilities | $95.91B | $96.42B | $94.86B |
| YoY Change | -2.59% | -2.67% | -6.89% |
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | |||
| YoY Change | |||
| Common Stock | |||
| YoY Change | |||
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | |||
| YoY Change | |||
| Treasury Stock Shares | |||
| Shareholders Equity | $12.28B | $12.42B | $9.970B |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $108.2B | $108.8B | $104.8B |
| YoY Change | 0.74% | -0.67% | -8.22% |
Cashflow Statement
| Concept | 2009 Q4 | 2009 Q3 | 2009 Q2 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | $40.00M | $19.00M | -$50.00M |
| YoY Change | -112.46% | -107.36% | -54.13% |
| Depreciation, Depletion And Amortization | $180.0M | $143.0M | $212.0M |
| YoY Change | -31.82% | -31.25% | 1.44% |
| Cash From Operating Activities | $77.00M | $485.0M | $586.0M |
| YoY Change | -96.58% | -54.8% | -41.11% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | |||
| YoY Change | |||
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | -$1.566B | $1.751B | -$619.0M |
| YoY Change | -187.29% | -360.18% | -239.41% |
| Cash From Investing Activities | -$1.566B | $1.751B | -$619.0M |
| YoY Change | -187.29% | -360.18% | -239.41% |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | $622.0M | ||
| YoY Change | 12340.0% | ||
| Debt Paid & Issued, Net | |||
| YoY Change | |||
| Cash From Financing Activities | -650.0M | -618.0M | -1.838B |
| YoY Change | -64.27% | -37.13% | -367.93% |
| NET CHANGE | |||
| Cash From Operating Activities | 77.00M | 485.0M | 586.0M |
| Cash From Investing Activities | -1.566B | 1.751B | -619.0M |
| Cash From Financing Activities | -650.0M | -618.0M | -1.838B |
| Net Change In Cash | -2.139B | 1.618B | -1.871B |
| YoY Change | -196.13% | -377.53% | -188.05% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | $77.00M | $485.0M | $586.0M |
| Capital Expenditures | |||
| Free Cash Flow | |||
| YoY Change |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2010Q4 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
489600000 | |
| CY2009 | gnw |
Cumulative Effect Adjustment To Deferred Policy Acquisition Costs
CumulativeEffectAdjustmentToDeferredPolicyAcquisitionCosts
|
-26000000 | |
| CY2010 | gnw |
Cumulative Effect Adjustment To Deferred Policy Acquisition Costs
CumulativeEffectAdjustmentToDeferredPolicyAcquisitionCosts
|
1000000 | |
| CY2009 | gnw |
Cumulative Effect Adjustment To Present Value Of Future Insurance Profits
CumulativeEffectAdjustmentToPresentValueOfFutureInsuranceProfits
|
-7000000 | |
| CY2009 | gnw |
Deferred Policy Acquisition Cost Accumulated Unrealized Investment Gains Losses
DeferredPolicyAcquisitionCostAccumulatedUnrealizedInvestmentGainsLosses
|
84000000 | |
| CY2010 | gnw |
Deferred Policy Acquisition Cost Accumulated Unrealized Investment Gains Losses
DeferredPolicyAcquisitionCostAccumulatedUnrealizedInvestmentGainsLosses
|
-194000000 | |
| CY2009 | gnw |
Deferred Policy Acquisition Cost Amortization Expense Net Of Interest Accretion
DeferredPolicyAcquisitionCostAmortizationExpenseNetOfInterestAccretion
|
-695000000 | |
| CY2010 | gnw |
Deferred Policy Acquisition Cost Amortization Expense Net Of Interest Accretion
DeferredPolicyAcquisitionCostAmortizationExpenseNetOfInterestAccretion
|
-640000000 | |
| CY2009 | gnw |
Deferred Policy Acquisition Cost Other
DeferredPolicyAcquisitionCostOther
|
-5000000 | |
| CY2009 | gnw |
Deferred Policy Acquisition Costs Foreign Currency Translation Adjustment
DeferredPolicyAcquisitionCostsForeignCurrencyTranslationAdjustment
|
67000000 | |
| CY2010 | gnw |
Deferred Policy Acquisition Costs Foreign Currency Translation Adjustment
DeferredPolicyAcquisitionCostsForeignCurrencyTranslationAdjustment
|
-7000000 | |
| CY2008 | gnw |
Derivative Gains Losses
DerivativeGainsLosses
|
611000000 | |
| CY2009 | gnw |
Derivative Gains Losses
DerivativeGainsLosses
|
21000000 | |
| CY2010 | gnw |
Derivative Gains Losses
DerivativeGainsLosses
|
50000000 | |
| CY2010Q4 | gnw |
Fair Value Assets Measured On Recurring Basis Other Assets
FairValueAssetsMeasuredOnRecurringBasisOtherAssets
|
1000000 | |
| CY2009Q4 | gnw |
Fair Value Assets Measured On Recurring Basis Reinsurance Recoverable
FairValueAssetsMeasuredOnRecurringBasisReinsuranceRecoverable
|
-5000000 | |
| CY2010Q4 | gnw |
Fair Value Assets Measured On Recurring Basis Reinsurance Recoverable
FairValueAssetsMeasuredOnRecurringBasisReinsuranceRecoverable
|
-5000000 | |
| CY2009Q4 | gnw |
Fair Value Liabilities Measured On Recurring Basis Policyholder Account Balances
FairValueLiabilitiesMeasuredOnRecurringBasisPolicyholderAccountBalances
|
175000000 | |
| CY2010Q4 | gnw |
Fair Value Liabilities Measured On Recurring Basis Policyholder Account Balances
FairValueLiabilitiesMeasuredOnRecurringBasisPolicyholderAccountBalances
|
121000000 | |
| CY2009 | gnw |
Foreign Currency Translation Effect On Policy And Contract Claims Liability
ForeignCurrencyTranslationEffectOnPolicyAndContractClaimsLiability
|
95000000 | |
| CY2010 | gnw |
Foreign Currency Translation Effect On Policy And Contract Claims Liability
ForeignCurrencyTranslationEffectOnPolicyAndContractClaimsLiability
|
11000000 | |
| CY2010 | gnw |
Life Insurance In Force Ceded To Other Companies
LifeInsuranceInForceCededToOtherCompanies
|
224013000000 | |
| CY2009 | gnw |
Interest On Liability For Policy And Contract Claims
InterestOnLiabilityForPolicyAndContractClaims
|
121000000 | |
| CY2010 | gnw |
Interest On Liability For Policy And Contract Claims
InterestOnLiabilityForPolicyAndContractClaims
|
121000000 | |
| CY2009 | gnw |
Liability For Unpaid Claims And Claims Adjustment Expense Other
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseOther
|
21000000 | |
| CY2008 | gnw |
Life Insurance In Force Ceded To Other Companies
LifeInsuranceInForceCededToOtherCompanies
|
292295000000 | |
| CY2009 | gnw |
Life Insurance In Force Ceded To Other Companies
LifeInsuranceInForceCededToOtherCompanies
|
239960000000 | |
| CY2010 | us-gaap |
Available For Sale Securities Continuous Unrealized Loss Position12 Months Or Longer Aggregate Losses
AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAggregateLosses
|
-1434000000 | |
| CY2010 | us-gaap |
Available For Sale Securities Continuous Unrealized Loss Position Aggregate Losses
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAggregateLosses
|
-1673000000 | |
| CY2010Q1 | us-gaap |
Benefits Losses And Expenses
BenefitsLossesAndExpenses
|
2302000000 | |
| CY2010Q2 | us-gaap |
Benefits Losses And Expenses
BenefitsLossesAndExpenses
|
2338000000 | |
| CY2010Q3 | us-gaap |
Benefits Losses And Expenses
BenefitsLossesAndExpenses
|
2527000000 | |
| CY2010Q4 | us-gaap |
Benefits Losses And Expenses
BenefitsLossesAndExpenses
|
2846000000 | |
| CY2009Q4 | us-gaap |
Deferred Policy Acquisition Costs
DeferredPolicyAcquisitionCosts
|
7341000000 | |
| CY2010Q4 | us-gaap |
Deferred Policy Acquisition Costs
DeferredPolicyAcquisitionCosts
|
7256000000 | |
| CY2009 | us-gaap |
Deferred Policy Acquisition Costs Additions
DeferredPolicyAcquisitionCostsAdditions
|
707000000 | |
| CY2010 | us-gaap |
Deferred Policy Acquisition Costs Additions
DeferredPolicyAcquisitionCostsAdditions
|
839000000 | |
| CY2008Q4 | us-gaap |
Deferred Policy Acquisition Costs Net
DeferredPolicyAcquisitionCostsNet
|
7209000000 | |
| CY2009Q4 | us-gaap |
Deferred Policy Acquisition Costs Net
DeferredPolicyAcquisitionCostsNet
|
7257000000 | |
| CY2010Q4 | us-gaap |
Deferred Policy Acquisition Costs Net
DeferredPolicyAcquisitionCostsNet
|
7450000000 | |
| CY2008 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-1.32 | |
| CY2009 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-1.02 | |
| CY2008Q4 | gnw |
Reinsurance Recoverable Related To Liability For Policy And Contract Claims
ReinsuranceRecoverableRelatedToLiabilityForPolicyAndContractClaims
|
1454000000 | |
| CY2009Q4 | gnw |
Reinsurance Recoverable Related To Liability For Policy And Contract Claims
ReinsuranceRecoverableRelatedToLiabilityForPolicyAndContractClaims
|
1769000000 | |
| CY2010Q4 | gnw |
Reinsurance Recoverable Related To Liability For Policy And Contract Claims
ReinsuranceRecoverableRelatedToLiabilityForPolicyAndContractClaims
|
1654000000 | |
| CY2010 | gnw |
Securitization Entities Gains Losses
SecuritizationEntitiesGainsLosses
|
-3000000 | |
| CY2010 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.29 | |
| CY2008 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-1.32 | |
| CY2009 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-1.02 | |
| CY2010 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.29 | |
| CY2009 | us-gaap |
Goodwill Written Off Related To Sale Of Business Unit
GoodwillWrittenOffRelatedToSaleOfBusinessUnit
|
-3000000 | |
| CY2009 | us-gaap |
Liability For Unpaid Claims And Claims Adjustment Expense Claims Paid
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaid
|
3454000000 | |
| CY2010 | us-gaap |
Liability For Unpaid Claims And Claims Adjustment Expense Claims Paid
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaid
|
3886000000 | |
| CY2009 | us-gaap |
Liability For Unpaid Claims And Claims Adjustment Expense Claims Paid Current Year
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidCurrentYear
|
1441000000 | |
| CY2010 | us-gaap |
Liability For Unpaid Claims And Claims Adjustment Expense Claims Paid Current Year
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidCurrentYear
|
1217000000 | |
| CY2009 | us-gaap |
Liability For Unpaid Claims And Claims Adjustment Expense Claims Paid Prior Years
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidPriorYears
|
2013000000 | |
| CY2010 | us-gaap |
Liability For Unpaid Claims And Claims Adjustment Expense Claims Paid Prior Years
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidPriorYears
|
2669000000 | |
| CY2008Q4 | us-gaap |
Liability For Unpaid Claims And Claims Adjustment Expense Gross
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseGross
|
5322000000 | |
| CY2009Q4 | us-gaap |
Liability For Unpaid Claims And Claims Adjustment Expense Gross
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseGross
|
6567000000 | |
| CY2010Q4 | us-gaap |
Liability For Unpaid Claims And Claims Adjustment Expense Gross
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseGross
|
6933000000 | |
| CY2009 | us-gaap |
Liability For Unpaid Claims And Claims Adjustment Expense Incurred Claims
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims
|
4189000000 | |
| CY2010 | us-gaap |
Liability For Unpaid Claims And Claims Adjustment Expense Incurred Claims
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims
|
4235000000 | |
| CY2009 | us-gaap |
Liability For Unpaid Claims And Claims Adjustment Expense Incurred Claims Current Year
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaimsCurrentYear
|
3768000000 | |
| CY2010 | us-gaap |
Liability For Unpaid Claims And Claims Adjustment Expense Incurred Claims Current Year
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaimsCurrentYear
|
3436000000 | |
| CY2009 | us-gaap |
Liability For Unpaid Claims And Claims Adjustment Expense Incurred Claims Prior Years
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaimsPriorYears
|
421000000 | |
| CY2010 | us-gaap |
Liability For Unpaid Claims And Claims Adjustment Expense Incurred Claims Prior Years
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaimsPriorYears
|
799000000 | |
| CY2008Q4 | us-gaap |
Liability For Unpaid Claims And Claims Adjustment Expense Net
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNet
|
3868000000 | |
| CY2009Q4 | us-gaap |
Liability For Unpaid Claims And Claims Adjustment Expense Net
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNet
|
4798000000 | |
| CY2010Q4 | us-gaap |
Liability For Unpaid Claims And Claims Adjustment Expense Net
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNet
|
5279000000 | |
| CY2010Q4 | us-gaap |
Loans Receivable Commercial Real Estate
LoansReceivableCommercialRealEstate
|
6772000000 | |
| CY2009 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
|
-8817000 | |
| CY2009Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
|
25.01 | |
| CY2009 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
|
5102000 | |
| CY2009Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
|
5.39 | |
| CY2008 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
433200000 | |
| CY2009Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
433200000 | |
| CY2009 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
451100000 | |
| CY2009Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
433200000 | |
| CY2009Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
451600000 | |
| CY2009Q4 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
492200000 | |
| CY2010Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
493500000 | |
| CY2010 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
493900000 | |
| CY2010Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
494200000 | |
| CY2010Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
493900000 | |
| CY2010Q4 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
489600000 |
