2019 Q4 Form 10-K Financial Statement
#000119312521058267 Filed on February 26, 2021
Income Statement
| Concept | 2019 Q4 | 2019 Q3 | 2019 Q2 |
|---|---|---|---|
| Revenue | $2.039B | $2.020B | $1.994B |
| YoY Change | 1.29% | -5.74% | -7.64% |
| Cost Of Revenue | |||
| YoY Change | |||
| Gross Profit | |||
| YoY Change | |||
| Gross Profit Margin | |||
| Selling, General & Admin | $249.0M | $247.0M | $229.0M |
| YoY Change | 0.0% | 1.65% | -9.49% |
| % of Gross Profit | |||
| Research & Development | |||
| YoY Change | |||
| % of Gross Profit | |||
| Depreciation & Amortization | $164.0M | $91.00M | $95.00M |
| YoY Change | 78.26% | 9.64% | -15.18% |
| % of Gross Profit | |||
| Operating Expenses | $1.897B | $1.789B | $1.710B |
| YoY Change | -17.74% | 636.21% | 575.89% |
| Operating Profit | |||
| YoY Change | |||
| Interest Expense | -$60.00M | -$59.00M | -$60.00M |
| YoY Change | -1.64% | -181.94% | -177.92% |
| % of Operating Profit | |||
| Other Income/Expense, Net | |||
| YoY Change | |||
| Pretax Income | $81.00M | $172.0M | $224.0M |
| YoY Change | -121.2% | -37.0% | -37.78% |
| Income Tax | $26.00M | $34.00M | $66.00M |
| % Of Pretax Income | 32.1% | 19.77% | 29.46% |
| Net Earnings | $24.00M | $58.00M | $218.0M |
| YoY Change | -107.29% | -60.27% | 14.74% |
| Net Earnings / Revenue | 1.18% | 2.87% | 10.93% |
| Basic Earnings Per Share | $0.04 | $0.33 | |
| Diluted Earnings Per Share | -$33.76K | $0.04 | $330.3K |
| COMMON SHARES | |||
| Basic Shares Outstanding | 503.3M | ||
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2019 Q4 | 2019 Q3 | 2019 Q2 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | |||
| YoY Change | |||
| Cash & Equivalents | $3.341B | $1.629B | $1.938B |
| 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 | $60.00M | $60.00M |
| YoY Change | |||
| Goodwill | |||
| YoY Change | |||
| Intangibles | |||
| YoY Change | |||
| Long-Term Investments | $70.94B | $71.78B | $74.77B |
| YoY Change | 8.53% | 2.82% | 5.83% |
| Other Assets | $425.0M | $5.359B | $383.0M |
| YoY Change | -92.61% | 724.46% | -36.27% |
| Total Long-Term Assets | |||
| YoY Change | |||
| TOTAL ASSETS | |||
| Total Short-Term Assets | |||
| Total Long-Term Assets | |||
| Total Assets | $101.3B | $105.7B | $104.3B |
| YoY Change | 0.42% | 3.46% | 1.78% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | |||
| YoY Change | |||
| Accrued Expenses | $55.00M | $63.00M | $63.00M |
| 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 | $63.00M | $63.00M |
| YoY Change | |||
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $3.588B | $4.017B | $4.355B |
| YoY Change | -10.7% | -8.31% | -0.68% |
| Other Long-Term Liabilities | $2.301B | $4.527B | $2.438B |
| YoY Change | -47.45% | 81.81% | -7.41% |
| Total Long-Term Liabilities | $5.889B | $8.544B | $6.793B |
| YoY Change | -29.87% | 24.35% | -3.21% |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $55.00M | $63.00M | $63.00M |
| Total Long-Term Liabilities | $5.889B | $8.544B | $6.793B |
| Total Liabilities | $87.16B | $91.27B | $90.55B |
| YoY Change | 0.49% | 4.3% | 3.21% |
| 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 | $14.19B | $14.39B | $13.76B |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $101.3B | $105.7B | $104.3B |
| YoY Change | 0.42% | 3.46% | 1.78% |
Cashflow Statement
| Concept | 2019 Q4 | 2019 Q3 | 2019 Q2 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | $24.00M | $58.00M | $218.0M |
| YoY Change | -107.29% | -60.27% | 14.74% |
| Depreciation, Depletion And Amortization | $164.0M | $91.00M | $95.00M |
| YoY Change | 78.26% | 9.64% | -15.18% |
| Cash From Operating Activities | $471.0M | $813.0M | $661.0M |
| YoY Change | -28.64% | 97.33% | 46.24% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | |||
| YoY Change | |||
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | $1.849B | -$197.0M | -$628.0M |
| YoY Change | -367.58% | -173.78% | 1925.81% |
| Cash From Investing Activities | $1.849B | -$197.0M | -$628.0M |
| YoY Change | -367.58% | -173.78% | 1925.81% |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | |||
| YoY Change | |||
| Debt Paid & Issued, Net | |||
| YoY Change | |||
| Cash From Financing Activities | -975.0M | -547.0M | -320.0M |
| YoY Change | 259.78% | 34.4% | -67.68% |
| NET CHANGE | |||
| Cash From Operating Activities | 471.0M | 813.0M | 661.0M |
| Cash From Investing Activities | 1.849B | -197.0M | -628.0M |
| Cash From Financing Activities | -975.0M | -547.0M | -320.0M |
| Net Change In Cash | 1.345B | 69.00M | -287.0M |
| YoY Change | -545.36% | -74.63% | -49.56% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | $471.0M | $813.0M | $661.0M |
| Capital Expenditures | |||
| Free Cash Flow | |||
| YoY Change |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2018 | us-gaap |
Supplementary Insurance Information Premiums Written
SupplementaryInsuranceInformationPremiumsWritten
|
3857000000 | |
| CY2020 | gnw |
Realized Losses Change In Intent
RealizedLossesChangeInIntent
|
4000000 | |
| CY2019 | gnw |
Realized Losses Change In Intent
RealizedLossesChangeInIntent
|
0 | |
| CY2018 | gnw |
Realized Losses Change In Intent
RealizedLossesChangeInIntent
|
0 | |
| CY2020 | us-gaap |
Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
|
-17000000 | |
| CY2019 | us-gaap |
Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
|
-72000000 | |
| CY2018 | us-gaap |
Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
|
-22000000 | |
| CY2020Q4 | us-gaap |
Aoci Debt Securities Available For Sale Without Allowance For Credit Loss Cumulative Gain Loss After Tax
AociDebtSecuritiesAvailableForSaleWithoutAllowanceForCreditLossCumulativeGainLossAfterTax
|
10159000000 | |
| CY2019Q4 | us-gaap |
Aoci Debt Securities Available For Sale Without Allowance For Credit Loss Cumulative Gain Loss After Tax
AociDebtSecuritiesAvailableForSaleWithoutAllowanceForCreditLossCumulativeGainLossAfterTax
|
6676000000 | |
| CY2018Q4 | us-gaap |
Aoci Debt Securities Available For Sale Without Allowance For Credit Loss Cumulative Gain Loss After Tax
AociDebtSecuritiesAvailableForSaleWithoutAllowanceForCreditLossCumulativeGainLossAfterTax
|
1775000000 | |
| CY2020Q4 | us-gaap |
Aoci Debt Securities Available For Sale With Allowance For Credit Loss Cumulative Gain Loss After Tax
AociDebtSecuritiesAvailableForSaleWithAllowanceForCreditLossCumulativeGainLossAfterTax
|
-7000000 | |
| CY2019Q4 | us-gaap |
Aoci Debt Securities Available For Sale With Allowance For Credit Loss Cumulative Gain Loss After Tax
AociDebtSecuritiesAvailableForSaleWithAllowanceForCreditLossCumulativeGainLossAfterTax
|
0 | |
| CY2018Q4 | us-gaap |
Aoci Debt Securities Available For Sale With Allowance For Credit Loss Cumulative Gain Loss After Tax
AociDebtSecuritiesAvailableForSaleWithAllowanceForCreditLossCumulativeGainLossAfterTax
|
0 | |
| CY2020 | gnw |
Other Comprehensive Income Unrealized Holding Gain Loss On Adjustment To Dac Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnAdjustmentToDacArisingDuringPeriodBeforeTax
|
122000000 | |
| 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 | |
| CY2020 | gnw |
Other Comprehensive Income Unrealized Holding Gain Loss On Adjustment To Benefit Reserves And Policyholder Contract Balances Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnAdjustmentToBenefitReservesAndPolicyholderContractBalancesArisingDuringPeriodBeforeTax
|
-2629000000 | |
| 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 | |
| CY2020Q4 | srt |
Life Insurance In Force Ceded
LifeInsuranceInForceCeded
|
458999000000 | |
| CY2019Q4 | srt |
Life Insurance In Force Ceded
LifeInsuranceInForceCeded
|
500965000000 | |
| CY2018Q4 | srt |
Life Insurance In Force Ceded
LifeInsuranceInForceCeded
|
537590000000 | |
| CY2020 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Into Level3
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3
|
529000000 | |
| CY2020 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Out Of Level3
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3
|
906000000 | |
| 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 | |
| CY2018 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Out Of Level3
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3
|
481000000 | |
| CY2020 | gnw |
Gain Loss On Sale Of Investments Net Of Adjustments
GainLossOnSaleOfInvestmentsNetOfAdjustments
|
538000000 | |
| CY2019 | gnw |
Gain Loss On Sale Of Investments Net Of Adjustments
GainLossOnSaleOfInvestmentsNetOfAdjustments
|
50000000 | |
| CY2018 | gnw |
Gain Loss On Sale Of Investments Net Of Adjustments
GainLossOnSaleOfInvestmentsNetOfAdjustments
|
10000000 | |
| CY2020 | gnw |
Goodwill Impairment Loss Attributable To Parent
GoodwillImpairmentLossAttributableToParent
|
3000000 | |
| CY2019 | gnw |
Goodwill Impairment Loss Attributable To Parent
GoodwillImpairmentLossAttributableToParent
|
0 | |
| CY2018 | gnw |
Goodwill Impairment Loss Attributable To Parent
GoodwillImpairmentLossAttributableToParent
|
0 | |
| CY2020Q1 | us-gaap |
Revenues
Revenues
|
1837000000 | |
| CY2020Q2 | us-gaap |
Revenues
Revenues
|
2138000000 | |
| CY2020Q3 | us-gaap |
Revenues
Revenues
|
2420000000 | |
| CY2020Q4 | us-gaap |
Revenues
Revenues
|
2263000000 | |
| CY2020Q1 | us-gaap |
Benefits Losses And Expenses
BenefitsLossesAndExpenses
|
1919000000 | |
| CY2020Q2 | us-gaap |
Benefits Losses And Expenses
BenefitsLossesAndExpenses
|
1990000000 | |
| CY2020Q3 | us-gaap |
Benefits Losses And Expenses
BenefitsLossesAndExpenses
|
1835000000 | |
| CY2020Q4 | us-gaap |
Benefits Losses And Expenses
BenefitsLossesAndExpenses
|
1883000000 | |
| CY2020Q1 | us-gaap |
Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
|
-72000000 | |
| CY2020Q2 | us-gaap |
Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
|
102000000 | |
| CY2020Q3 | us-gaap |
Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
|
435000000 | |
| CY2020Q4 | us-gaap |
Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
|
296000000 | |
| CY2020Q1 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
|
0 | |
| CY2020Q2 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
|
-520000000 | |
| CY2020Q3 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
|
1000000 | |
| CY2020Q4 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
|
-30000000 | |
| CY2020Q1 | us-gaap |
Profit Loss
ProfitLoss
|
-72000000 | |
| CY2020Q2 | us-gaap |
Profit Loss
ProfitLoss
|
-418000000 | |
| CY2020Q3 | us-gaap |
Profit Loss
ProfitLoss
|
436000000 | |
| CY2020Q4 | us-gaap |
Profit Loss
ProfitLoss
|
266000000 | |
| CY2020Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
504300000 | |
| CY2020Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
512500000 | |
| CY2020Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
511500000 | |
| CY2020Q4 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
512500000 | |
| CY2019Q1 | us-gaap |
Benefits Losses And Expenses
BenefitsLossesAndExpenses
|
1807000000 | |
| CY2019Q2 | us-gaap |
Benefits Losses And Expenses
BenefitsLossesAndExpenses
|
1770000000 | |
| CY2019Q3 | us-gaap |
Benefits Losses And Expenses
BenefitsLossesAndExpenses
|
1848000000 | |
| 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 | |
| CY2019Q2 | us-gaap |
Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
|
158000000 | |
| 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 | |
| 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 |
