2019 Form 10-K Financial Statement
#000119312520051019 Filed on February 27, 2020
Income Statement
| Concept | 2019 | 2018 Q4 | 2018 Q3 |
|---|---|---|---|
| Revenue | $8.097B | $2.013B | $2.143B |
| YoY Change | -3.95% | 19.4% | -3.25% |
| Cost Of Revenue | $1.321B | ||
| YoY Change | -1.71% | ||
| Gross Profit | $822.0M | ||
| YoY Change | -5.63% | ||
| Gross Profit Margin | 38.36% | ||
| Selling, General & Admin | $962.0M | $249.0M | $243.0M |
| YoY Change | -3.51% | 0.81% | -8.3% |
| % of Gross Profit | 29.56% | ||
| Research & Development | |||
| YoY Change | |||
| % of Gross Profit | |||
| Depreciation & Amortization | $441.0M | $92.00M | $83.00M |
| YoY Change | 39.56% | -22.69% | 0.0% |
| % of Gross Profit | 10.1% | ||
| Operating Expenses | $7.143B | $2.306B | $243.0M |
| YoY Change | 616.45% | 21.3% | -8.3% |
| Operating Profit | $145.0M | ||
| YoY Change | 90.79% | ||
| Interest Expense | -$239.0M | -$61.00M | $72.00M |
| YoY Change | -179.93% | -18.67% | -1.37% |
| % of Operating Profit | 49.66% | ||
| Other Income/Expense, Net | |||
| YoY Change | |||
| Pretax Income | $714.0M | -$382.0M | $273.0M |
| YoY Change | -1233.33% | 31.72% | -4.55% |
| Income Tax | $195.0M | -$99.00M | $63.00M |
| % Of Pretax Income | 27.31% | 23.08% | |
| Net Earnings | $343.0M | -$329.0M | $146.0M |
| YoY Change | 188.24% | -193.2% | 36.45% |
| Net Earnings / Revenue | 4.24% | -16.34% | 6.81% |
| Basic Earnings Per Share | $0.68 | -$0.66 | $0.29 |
| Diluted Earnings Per Share | $0.67 | -$0.66 | $0.29 |
| COMMON SHARES | |||
| Basic Shares Outstanding | 500.8M | 500.7M | |
| Diluted Shares Outstanding | 509.7M | 500.8M | 503.3M |
Balance Sheet
| Concept | 2019 | 2018 Q4 | 2018 Q3 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | |||
| YoY Change | |||
| Cash & Equivalents | $3.341B | $2.177B | $2.505B |
| 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 | $52.00M | ||
| YoY Change | |||
| Goodwill | |||
| YoY Change | |||
| Intangibles | |||
| YoY Change | |||
| Long-Term Investments | $70.94B | $65.37B | $69.81B |
| YoY Change | 8.53% | -10.6% | -4.16% |
| Other Assets | $425.0M | $5.751B | $650.0M |
| YoY Change | -92.61% | 1041.07% | 2608.33% |
| Total Long-Term Assets | |||
| YoY Change | |||
| TOTAL ASSETS | |||
| Total Short-Term Assets | |||
| Total Long-Term Assets | |||
| Total Assets | $101.3B | $100.9B | $102.1B |
| YoY Change | 0.42% | -4.15% | -2.4% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | |||
| YoY Change | |||
| Accrued Expenses | $55.00M | ||
| YoY Change | |||
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Long-Term Debt Due | |||
| YoY Change | |||
| Total Short-Term Liabilities | $55.00M | ||
| YoY Change | |||
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $3.588B | $4.018B | $4.381B |
| YoY Change | -10.7% | -12.16% | -4.62% |
| Other Long-Term Liabilities | $2.301B | $4.379B | $2.490B |
| YoY Change | -47.45% | 68.88% | -6.64% |
| Total Long-Term Liabilities | $5.889B | $8.397B | $6.871B |
| YoY Change | -29.87% | 17.16% | -5.36% |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $55.00M | ||
| Total Long-Term Liabilities | $5.889B | $8.397B | $6.871B |
| Total Liabilities | $87.16B | $86.73B | $87.50B |
| YoY Change | -1.49% | -3.6% | -2.28% |
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | $1.118B | $1.447B | |
| YoY Change | 0.45% | 90.39% | |
| Common Stock | $1.000M | $1.000M | |
| YoY Change | 0.0% | 0.0% | |
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | $2.700B | $2.700B | |
| YoY Change | 0.0% | 0.0% | |
| Treasury Stock Shares | $88.00M | 88.00M shares | |
| Shareholders Equity | $14.19B | $12.45B | $12.80B |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $101.3B | $100.9B | $102.1B |
| YoY Change | 0.42% | -4.15% | -2.4% |
Cashflow Statement
| Concept | 2019 | 2018 Q4 | 2018 Q3 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | $343.0M | -$329.0M | $146.0M |
| YoY Change | 188.24% | -193.2% | 36.45% |
| Depreciation, Depletion And Amortization | $441.0M | $92.00M | $83.00M |
| YoY Change | 39.56% | -22.69% | 0.0% |
| Cash From Operating Activities | $2.079B | $660.0M | $412.0M |
| YoY Change | 27.31% | 6.11% | -33.97% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | |||
| YoY Change | |||
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | $1.301B | -$691.0M | $267.0M |
| YoY Change | -423.63% | 753.09% | -272.26% |
| Cash From Investing Activities | $1.301B | -$691.0M | $267.0M |
| YoY Change | -309.16% | 753.09% | -272.26% |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | |||
| YoY Change | |||
| Debt Paid & Issued, Net | |||
| YoY Change | |||
| Cash From Financing Activities | -2.217B | -271.0M | -407.0M |
| YoY Change | 36.77% | -45.58% | -20.97% |
| NET CHANGE | |||
| Cash From Operating Activities | 2.079B | 660.0M | 412.0M |
| Cash From Investing Activities | 1.301B | -691.0M | 267.0M |
| Cash From Financing Activities | -2.217B | -271.0M | -407.0M |
| Net Change In Cash | 1.163B | -302.0M | 272.0M |
| YoY Change | -266.62% | -802.33% | -691.3% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | $2.079B | $660.0M | $412.0M |
| Capital Expenditures | |||
| Free Cash Flow | |||
| YoY Change |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2017 | us-gaap |
Supplementary Insurance Information Premiums Written
SupplementaryInsuranceInformationPremiumsWritten
|
3897000000 | |
| CY2019 | dei |
Entity Registrant Name
EntityRegistrantName
|
GENWORTH FINANCIAL INC | |
| CY2019 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
509700000 | |
| CY2018 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
500400000 | |
| CY2017 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
501400000 | |
| CY2019 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.68 | |
| CY2018 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.24 | |
| CY2017 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
1.64 | |
| CY2019 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.67 | |
| CY2018 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.24 | |
| CY2017 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
1.63 | |
| CY2017 | gnw |
Securitization Entities Gains Losses
SecuritizationEntitiesGainsLosses
|
7000000 | |
| CY2019 | us-gaap |
Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
|
-72000000 | |
| CY2018 | us-gaap |
Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
|
-22000000 | |
| CY2017 | us-gaap |
Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
|
-9000000 | |
| CY2019 | gnw |
Other Comprehensive Income Unrealized Holding Gain Loss On Adjustment To Dac Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnAdjustmentToDacArisingDuringPeriodBeforeTax
|
-956000000 | |
| CY2018 | gnw |
Other Comprehensive Income Unrealized Holding Gain Loss On Adjustment To Dac Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnAdjustmentToDacArisingDuringPeriodBeforeTax
|
1182000000 | |
| CY2017 | gnw |
Other Comprehensive Income Unrealized Holding Gain Loss On Adjustment To Dac Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnAdjustmentToDacArisingDuringPeriodBeforeTax
|
-1000000000 | |
| CY2019 | gnw |
Other Comprehensive Income Unrealized Holding Gain Loss On Adjustment To Benefit Reserves And Policyholder Contract Balances Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnAdjustmentToBenefitReservesAndPolicyholderContractBalancesArisingDuringPeriodBeforeTax
|
-2800000000 | |
| CY2018 | gnw |
Other Comprehensive Income Unrealized Holding Gain Loss On Adjustment To Benefit Reserves And Policyholder Contract Balances Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnAdjustmentToBenefitReservesAndPolicyholderContractBalancesArisingDuringPeriodBeforeTax
|
1208000000 | |
| CY2017 | gnw |
Other Comprehensive Income Unrealized Holding Gain Loss On Adjustment To Benefit Reserves And Policyholder Contract Balances Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnAdjustmentToBenefitReservesAndPolicyholderContractBalancesArisingDuringPeriodBeforeTax
|
-803000000 | |
| CY2019Q4 | srt |
Life Insurance In Force Ceded
LifeInsuranceInForceCeded
|
500965000000 | |
| CY2018Q4 | srt |
Life Insurance In Force Ceded
LifeInsuranceInForceCeded
|
537590000000 | |
| CY2017Q4 | srt |
Life Insurance In Force Ceded
LifeInsuranceInForceCeded
|
562463000000 | |
| CY2019Q4 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
|
397000000 | |
| CY2019Q4 | gnw |
Long Term Debt Maturities Repayments Of Principal Year Five And Thereafter
LongTermDebtMaturitiesRepaymentsOfPrincipalYearFiveAndThereafter
|
1750000000 | |
| CY2019 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Into Level3
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3
|
249000000 | |
| CY2019 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Out Of Level3
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3
|
476000000 | |
| CY2018 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Into Level3
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3
|
466000000 | |
| CY2018Q4 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
|
3982000000 | |
| CY2017 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Into Level3
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3
|
223000000 | |
| CY2017 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Out Of Level3
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3
|
627000000 | |
| CY2019 | gnw |
Gain Loss On Sale Of Investments Net Of Adjustments
GainLossOnSaleOfInvestmentsNetOfAdjustments
|
50000000 | |
| CY2019Q4 | us-gaap |
Benefits Losses And Expenses
BenefitsLossesAndExpenses
|
1957000000 | |
| CY2019Q1 | us-gaap |
Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
|
168000000 | |
| CY2018 | gnw |
Gain Loss On Sale Of Investments Net Of Adjustments
GainLossOnSaleOfInvestmentsNetOfAdjustments
|
10000000 | |
| CY2019Q2 | us-gaap |
Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
|
158000000 | |
| CY2017 | gnw |
Gain Loss On Sale Of Investments Net Of Adjustments
GainLossOnSaleOfInvestmentsNetOfAdjustments
|
128000000 | |
| CY2019Q3 | us-gaap |
Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
|
138000000 | |
| CY2019Q4 | us-gaap |
Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
|
55000000 | |
| CY2019Q1 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
|
62000000 | |
| CY2019Q2 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
|
60000000 | |
| CY2019Q2 | us-gaap |
Benefits Losses And Expenses
BenefitsLossesAndExpenses
|
1770000000 | |
| CY2019Q3 | us-gaap |
Benefits Losses And Expenses
BenefitsLossesAndExpenses
|
1848000000 | |
| CY2019Q1 | us-gaap |
Benefits Losses And Expenses
BenefitsLossesAndExpenses
|
1807000000 | |
| CY2019Q3 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
|
-80000000 | |
| CY2019Q4 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
|
-31000000 | |
| CY2019Q1 | us-gaap |
Profit Loss
ProfitLoss
|
230000000 | |
| CY2019Q2 | us-gaap |
Profit Loss
ProfitLoss
|
218000000 | |
| CY2019Q3 | us-gaap |
Profit Loss
ProfitLoss
|
58000000 | |
| CY2019Q4 | us-gaap |
Profit Loss
ProfitLoss
|
24000000 | |
| CY2018Q1 | us-gaap |
Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
|
82000000 | |
| CY2018Q2 | us-gaap |
Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
|
153000000 | |
| CY2018Q3 | us-gaap |
Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
|
105000000 | |
| CY2018Q4 | us-gaap |
Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
|
-273000000 | |
| CY2018Q1 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
|
83000000 | |
| CY2018Q2 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
|
96000000 | |
| CY2018Q3 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
|
105000000 | |
| CY2018Q4 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
|
-54000000 | |
| CY2018Q1 | us-gaap |
Profit Loss
ProfitLoss
|
165000000 | |
| CY2018Q2 | us-gaap |
Profit Loss
ProfitLoss
|
249000000 | |
| CY2018Q3 | us-gaap |
Profit Loss
ProfitLoss
|
210000000 | |
| CY2018Q4 | us-gaap |
Profit Loss
ProfitLoss
|
-327000000 | |
| CY2018Q1 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax Attributable To Noncontrolling Interest
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToNoncontrollingInterest
|
36000000 | |
| CY2018Q2 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax Attributable To Noncontrolling Interest
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToNoncontrollingInterest
|
32000000 | |
| CY2018Q3 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax Attributable To Noncontrolling Interest
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToNoncontrollingInterest
|
46000000 | |
| CY2018Q4 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax Attributable To Noncontrolling Interest
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToNoncontrollingInterest
|
-6000000 | |
| CY2018Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
112000000 | |
| CY2018Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
190000000 | |
| CY2018Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
146000000 | |
| CY2018Q4 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-329000000 | |
| CY2018Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
502700000 | |
| CY2018Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
502600000 | |
| CY2018Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
503300000 | |
| CY2018Q4 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
500800000 |
