2012 Q2 Form 10-Q Financial Statement

#000119312512333541 Filed on August 03, 2012

View on sec.gov

Income Statement

Concept 2012 Q2 2011 Q2
Revenue $2.402B $2.532B
YoY Change -5.13% 5.06%
Cost Of Revenue $1.382B $1.679B
YoY Change -17.69%
Gross Profit $1.020B $853.0M
YoY Change 19.58%
Gross Profit Margin 42.46% 33.69%
Selling, General & Admin $439.0M $581.0M
YoY Change -24.44% 16.43%
% of Gross Profit 43.04% 68.11%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $148.0M $162.0M
YoY Change -8.64% -9.5%
% of Gross Profit 14.51% 18.99%
Operating Expenses $439.0M $581.0M
YoY Change -24.44% -73.93%
Operating Profit $67.00M -$113.0M
YoY Change -159.29%
Interest Expense $131.0M $134.0M
YoY Change -2.24% -222.94%
% of Operating Profit 195.52%
Other Income/Expense, Net
YoY Change
Pretax Income $109.0M -$105.0M
YoY Change -203.81% -245.83%
Income Tax $27.00M -$5.000M
% Of Pretax Income 24.77%
Net Earnings $76.00M -$147.0M
YoY Change -151.7% -712.5%
Net Earnings / Revenue 3.16% -5.81%
Basic Earnings Per Share $0.16 -$0.30
Diluted Earnings Per Share $0.16 -$0.30
COMMON SHARES
Basic Shares Outstanding 491.5M shares 490.6M shares
Diluted Shares Outstanding 493.9M shares 490.6M shares

Balance Sheet

Concept 2012 Q2 2011 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $3.854B $2.831B
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 $1.218B
YoY Change
Intangibles $519.0M
YoY Change
Long-Term Investments $72.99B $68.71B
YoY Change 6.24% 2.22%
Other Assets $436.0M
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $112.5B $110.3B
YoY Change 2.06% -0.08%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt $7.838B $8.581B
YoY Change -8.66% 3.47%
Other Long-Term Liabilities $5.867B $5.637B
YoY Change 4.08% -10.34%
Total Long-Term Liabilities $13.71B $14.22B
YoY Change -3.61% -2.48%
TOTAL LIABILITIES
Total Short-Term Liabilities
Total Long-Term Liabilities $13.71B $14.22B
Total Liabilities $95.57B $97.30B
YoY Change -1.78% 0.91%
SHAREHOLDERS EQUITY
Retained Earnings $1.707B
YoY Change
Common Stock $1.000M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $2.700B
YoY Change
Treasury Stock Shares 88.00M shares
Shareholders Equity $15.82B $12.96B
YoY Change
Total Liabilities & Shareholders Equity $112.5B $110.3B
YoY Change 2.06% -0.08%

Cashflow Statement

Concept 2012 Q2 2011 Q2
OPERATING ACTIVITIES
Net Income $76.00M -$147.0M
YoY Change -151.7% -712.5%
Depreciation, Depletion And Amortization $148.0M $162.0M
YoY Change -8.64% -9.5%
Cash From Operating Activities $472.0M $506.0M
YoY Change -6.72% 18.5%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$230.0M -$502.0M
YoY Change -54.18% -211.31%
Cash From Investing Activities -$230.0M -$502.0M
YoY Change -54.18% -211.31%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -536.0M -948.0M
YoY Change -43.46% -488.52%
NET CHANGE
Cash From Operating Activities 472.0M 506.0M
Cash From Investing Activities -230.0M -502.0M
Cash From Financing Activities -536.0M -948.0M
Net Change In Cash -294.0M -944.0M
YoY Change -68.86% -184.14%
FREE CASH FLOW
Cash From Operating Activities $472.0M $506.0M
Capital Expenditures
Free Cash Flow
YoY Change

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dei Trading Symbol
TradingSymbol
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dei Entity Registrant Name
EntityRegistrantName
GENWORTH FINANCIAL INC
dei Amendment Flag
AmendmentFlag
false
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2012
dei Document Type
DocumentType
10-Q
dei Document Period End Date
DocumentPeriodEndDate
2012-06-30
dei Entity Central Index Key
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dei Current Fiscal Year End Date
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FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements
4000000
CY2012Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Sales
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales
125000000
CY2012Q2 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
-12000000
CY2012Q2 us-gaap Net Investment Income
NetInvestmentIncome
846000000
CY2012Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
57000000
CY2012Q2 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
1089000000
CY2012Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
697000000
CY2012Q2 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-28000000
CY2012Q2 us-gaap Interest Expense
InterestExpense
131000000
CY2012Q2 gnw Other Realized Investment Gains Losses Net
OtherRealizedInvestmentGainsLossesNet
5000000
CY2012Q2 gnw Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Change In Unrealized Gains Losses Still Held
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetChangeInUnrealizedGainsLossesStillHeld
25000000
CY2012Q2 gnw Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liabilities Change In Unrealized Gains Losses Still Held
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitiesChangeInUnrealizedGainsLossesStillHeld
182000000
CY2012Q2 gnw Gross Investment Income
GrossInvestmentIncome
867000000
CY2012Q2 gnw Basic Earnings Per Share Including Portion Attributable To Noncontrolling Interest
BasicEarningsPerShareIncludingPortionAttributableToNoncontrollingInterest
0.22
CY2012Q2 gnw Basic Earnings Per Share Attributable To Noncontrolling Interest
BasicEarningsPerShareAttributableToNoncontrollingInterest
-0.07
CY2012Q2 gnw Diluted Earnings Per Share Including Portion Attributable To Noncontrolling Interest
DilutedEarningsPerShareIncludingPortionAttributableToNoncontrollingInterest
0.22
CY2012Q2 gnw Diluted Earnings Per Share Attributable To Noncontrolling Interest
DilutedEarningsPerShareAttributableToNoncontrollingInterest
-0.07
CY2012Q2 gnw Other Comprehensive Income Unrealized Holding Gain Loss On Adjustment To Dac Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnAdjustmentToDacArisingDuringPeriodBeforeTax
-52000000
CY2012Q2 gnw Other Comprehensive Income Unrealized Holding Gain Loss On Adjustment To Pvfp Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnAdjustmentToPvfpArisingDuringPeriodBeforeTax
-33000000
CY2012Q2 gnw Securitization Entities Gains Losses
SecuritizationEntitiesGainsLosses
-4000000
CY2012Q2 gnw Percentage Of Book Value For Securities Sold At Loss
PercentageOfBookValueForSecuritiesSoldAtLoss
0.95 pure
CY2012Q2 gnw Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNet
668000000
CY2012Q2 gnw Fair Value Assets Measured On Recurring Basis Assets Still Held Gain Loss Included In Investment Income
FairValueAssetsMeasuredOnRecurringBasisAssetsStillHeldGainLossIncludedInInvestmentIncome
-2000000
CY2012Q2 gnw Adjustment To Benefit Reserves
AdjustmentToBenefitReserves
-214000000
CY2012Q2 gnw Fair Value Assets Measured On Recurring Basis Gain Loss Included In Net Investment Gains Losses
FairValueAssetsMeasuredOnRecurringBasisGainLossIncludedInNetInvestmentGainsLosses
-27000000
CY2012Q2 gnw Commercial Mortgage Loans Gain Loss
CommercialMortgageLoansGainLoss
3000000
CY2012Q2 gnw Fair Value Securities Sold At Loss During Period
FairValueSecuritiesSoldAtLossDuringPeriod
326000000
CY2012Q2 gnw Investment Income Expenses And Fees
InvestmentIncomeExpensesAndFees
21000000
CY2012Q2 gnw Amortization Of Deferred Acquisition Costs And Intangibles
AmortizationOfDeferredAcquisitionCostsAndIntangibles
148000000
CY2012Q2 gnw Other Comprehensive Income Unrealized Holding Gain Loss On Adjustment To Sales Inducements Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnAdjustmentToSalesInducementsArisingDuringPeriodBeforeTax
-4000000
CY2012Q2 gnw Gain Loss On Sale Of Investments Net Of Taxes And Other Adjustments
GainLossOnSaleOfInvestmentsNetOfTaxesAndOtherAdjustments
-19000000
CY2012Q2 gnw Fair Value Assets Measured On Recurring Basis Assets Still Held Gain Loss Included In Net Investment Gains Losses
FairValueAssetsMeasuredOnRecurringBasisAssetsStillHeldGainLossIncludedInNetInvestmentGainsLosses
-27000000
CY2012Q2 gnw Fair Value Liabilities Measured On Recurring Basis Gain Loss Included In Net Investment Gains Losses
FairValueLiabilitiesMeasuredOnRecurringBasisGainLossIncludedInNetInvestmentGainsLosses
186000000
CY2012Q2 gnw Fair Value Liabilities Measured On Recurring Basis Liabilities Still Held Gain Loss Included In Net Investment Gains Losses
FairValueLiabilitiesMeasuredOnRecurringBasisLiabilitiesStillHeldGainLossIncludedInNetInvestmentGainsLosses
182000000
CY2012Q2 gnw Fair Value Liabilities Measured On Recurring Basis Liabilities Still Held Gain Loss Included In Investment Income
FairValueLiabilitiesMeasuredOnRecurringBasisLiabilitiesStillHeldGainLossIncludedInInvestmentIncome
CY2012Q2 gnw Income Tax Reconciliation Interest On Uncertain Tax Positions
IncomeTaxReconciliationInterestOnUncertainTaxPositions
CY2012Q2 gnw Effective Income Tax Rate Reconciliation Interest On Uncertain Tax Positions
EffectiveIncomeTaxRateReconciliationInterestOnUncertainTaxPositions
0.001 pure

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