2021 Q4 Form 10-K Financial Statement
#000119312522055674 Filed on February 28, 2022
Income Statement
Concept | 2021 Q4 | 2021 Q3 | 2021 Q1 |
---|---|---|---|
Revenue | $1.736B | $2.070B | $1.985B |
YoY Change | -19.41% | -10.7% | 9.73% |
Cost Of Revenue | $1.143B | ||
YoY Change | |||
Gross Profit | $927.0M | ||
YoY Change | |||
Gross Profit Margin | 44.78% | ||
Selling, General & Admin | $354.0M | $290.0M | $275.0M |
YoY Change | 32.58% | 16.47% | 16.03% |
% of Gross Profit | 31.28% | ||
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | -$592.0M | $106.0M | $77.00M |
YoY Change | -425.27% | 4.95% | -33.62% |
% of Gross Profit | 11.43% | ||
Operating Expenses | $1.450B | $1.662B | $1.701B |
YoY Change | -20.59% | -6.94% | -6.69% |
Operating Profit | $239.0M | ||
YoY Change | |||
Interest Expense | -$31.00M | -$35.00M | -$51.00M |
YoY Change | -45.61% | -28.57% | 0.0% |
% of Operating Profit | -14.64% | ||
Other Income/Expense, Net | |||
YoY Change | |||
Pretax Income | $255.0M | $373.0M | $233.0M |
YoY Change | -32.89% | -36.24% | -458.46% |
Income Tax | $62.00M | $67.00M | $59.00M |
% Of Pretax Income | 24.31% | 17.96% | 25.32% |
Net Earnings | $163.0M | $314.0M | $187.0M |
YoY Change | -38.72% | -27.98% | -359.72% |
Net Earnings / Revenue | 9.39% | 15.17% | 9.42% |
Basic Earnings Per Share | $0.32 | $0.62 | $0.37 |
Diluted Earnings Per Share | $316.1K | $610.7K | $0.37 |
COMMON SHARES | |||
Basic Shares Outstanding | 507.4M | 507.4M | 506.0M |
Diluted Shares Outstanding | 515.6M | 514.2M | 513.8M |
Balance Sheet
Concept | 2021 Q4 | 2021 Q3 | 2021 Q1 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | |||
YoY Change | |||
Cash & Equivalents | $1.571B | $1.937B | $1.964B |
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 | |||
YoY Change | |||
Intangibles | $143.0M | $271.0M | |
YoY Change | |||
Long-Term Investments | $72.28B | $72.72B | $70.96B |
YoY Change | -6.42% | -4.92% | 2.0% |
Other Assets | $119.0M | $209.0M | $314.0M |
YoY Change | 11.21% | -16.4% | -1.57% |
Total Long-Term Assets | |||
YoY Change | |||
TOTAL ASSETS | |||
Total Short-Term Assets | |||
Total Long-Term Assets | |||
Total Assets | $99.17B | $99.88B | $98.56B |
YoY Change | -6.22% | -4.81% | -0.29% |
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 | |||
YoY Change | |||
Total Short-Term Liabilities | |||
YoY Change | |||
LONG-TERM LIABILITIES | |||
Long-Term Debt | $1.899B | $2.412B | $2.922B |
YoY Change | -46.48% | -32.44% | 2.49% |
Other Long-Term Liabilities | $1.545B | $1.604B | $2.070B |
YoY Change | -33.26% | -35.27% | -26.36% |
Total Long-Term Liabilities | $3.444B | $4.016B | $4.992B |
YoY Change | -41.26% | -33.6% | -11.83% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | |||
Total Long-Term Liabilities | $3.444B | $4.016B | $4.992B |
Total Liabilities | $82.91B | $84.60B | $83.80B |
YoY Change | -8.32% | -6.18% | -0.71% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | $2.490B | -$569.0M | |
YoY Change | |||
Common Stock | $11.86B | $12.01B | |
YoY Change | |||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | $2.700B | $2.700B | |
YoY Change | |||
Treasury Stock Shares | $88.00M | ||
Shareholders Equity | $15.51B | $15.28B | $14.76B |
YoY Change | |||
Total Liabilities & Shareholders Equity | $99.17B | $99.88B | $98.56B |
YoY Change | -6.22% | -4.81% | -0.29% |
Cashflow Statement
Concept | 2021 Q4 | 2021 Q3 | 2021 Q1 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | $163.0M | $314.0M | $187.0M |
YoY Change | -38.72% | -27.98% | -359.72% |
Depreciation, Depletion And Amortization | -$592.0M | $106.0M | $77.00M |
YoY Change | -425.27% | 4.95% | -33.62% |
Cash From Operating Activities | $147.0M | $61.00M | -$247.0M |
YoY Change | -71.06% | -60.13% | -136.32% |
INVESTING ACTIVITIES | |||
Capital Expenditures | |||
YoY Change | |||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $427.0M | -$72.00M | $335.0M |
YoY Change | 238.89% | -81.63% | -160.8% |
Cash From Investing Activities | $427.0M | -$72.00M | $335.0M |
YoY Change | 238.89% | -81.63% | -160.8% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | -941.0M | -265.0M | -780.0M |
YoY Change | 21.73% | -164.63% | -18.5% |
NET CHANGE | |||
Cash From Operating Activities | 147.0M | 61.00M | -247.0M |
Cash From Investing Activities | 427.0M | -72.00M | 335.0M |
Cash From Financing Activities | -941.0M | -265.0M | -780.0M |
Net Change In Cash | -367.0M | -276.0M | -692.0M |
YoY Change | 164.03% | -261.4% | -16.43% |
FREE CASH FLOW | |||
Cash From Operating Activities | $147.0M | $61.00M | -$247.0M |
Capital Expenditures | |||
Free Cash Flow | |||
YoY Change |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
CY2019 | us-gaap |
Supplementary Insurance Information Premiums Written
SupplementaryInsuranceInformationPremiumsWritten
|
3660000000 | |
CY2019Q1 | us-gaap |
Operating Lease Liability Statement Of Financial Position Extensible List
OperatingLeaseLiabilityStatementOfFinancialPositionExtensibleList
|
http://fasb.org/us-gaap/2021-01-31#OperatingLeaseLiability | |
CY2019Q1 | us-gaap |
Operating Lease Right Of Use Asset Statement Of Financial Position Extensible List
OperatingLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList
|
http://fasb.org/us-gaap/2021-01-31#OperatingLeaseRightOfUseAsset | |
CY2021 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
1.78 | |
CY2020 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.35 | |
CY2019 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.68 | |
CY2021 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
1.76 | |
CY2020 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.35 | |
CY2019 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.67 | |
CY2021 | gnw |
Realized Losses Change In Intent
RealizedLossesChangeInIntent
|
1000000 | |
CY2020 | gnw |
Realized Losses Change In Intent
RealizedLossesChangeInIntent
|
4000000 | |
CY2019 | gnw |
Realized Losses Change In Intent
RealizedLossesChangeInIntent
|
0 | |
CY2021 | us-gaap |
Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
|
14000000 | |
CY2020 | us-gaap |
Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
|
-49000000 | |
CY2019 | us-gaap |
Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
|
-70000000 | |
CY2021Q4 | us-gaap |
Aoci Debt Securities Available For Sale Without Allowance For Credit Loss Cumulative Gain Loss After Tax
AociDebtSecuritiesAvailableForSaleWithoutAllowanceForCreditLossCumulativeGainLossAfterTax
|
7869000000 | |
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 | |
CY2021Q4 | us-gaap |
Aoci Debt Securities Available For Sale With Allowance For Credit Loss Cumulative Gain Loss After Tax
AociDebtSecuritiesAvailableForSaleWithAllowanceForCreditLossCumulativeGainLossAfterTax
|
0 | |
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 | |
CY2021 | gnw |
Other Comprehensive Income Unrealized Holding Gain Loss On Adjustment To Dac Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnAdjustmentToDacArisingDuringPeriodBeforeTax
|
30000000 | |
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 | |
CY2021 | gnw |
Other Comprehensive Income Unrealized Holding Gain Loss On Adjustment To Benefit Reserves And Policyholder Contract Balances Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnAdjustmentToBenefitReservesAndPolicyholderContractBalancesArisingDuringPeriodBeforeTax
|
1773000000 | |
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 | |
CY2021Q4 | srt |
Life Insurance In Force Ceded
LifeInsuranceInForceCeded
|
427464000000 | |
CY2020Q4 | srt |
Life Insurance In Force Ceded
LifeInsuranceInForceCeded
|
458999000000 | |
CY2019Q4 | srt |
Life Insurance In Force Ceded
LifeInsuranceInForceCeded
|
500965000000 | |
CY2021 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Into Level3
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3
|
186000000 | |
CY2021 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Out Of Level3
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3
|
666000000 | |
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
|
880000000 | |
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 | |
CY2021 | gnw |
Gain Loss On Sale Of Investments Net Of Adjustments
GainLossOnSaleOfInvestmentsNetOfAdjustments
|
324000000 | |
CY2020 | gnw |
Gain Loss On Sale Of Investments Net Of Adjustments
GainLossOnSaleOfInvestmentsNetOfAdjustments
|
503000000 | |
CY2019 | gnw |
Gain Loss On Sale Of Investments Net Of Adjustments
GainLossOnSaleOfInvestmentsNetOfAdjustments
|
38000000 | |
CY2021Q1 | us-gaap |
Revenues
Revenues
|
1985000000 | |
CY2021Q2 | us-gaap |
Revenues
Revenues
|
2041000000 | |
CY2021Q3 | us-gaap |
Revenues
Revenues
|
2070000000 | |
CY2021Q4 | us-gaap |
Revenues
Revenues
|
1736000000 | |
CY2021Q1 | us-gaap |
Benefits Losses And Expenses
BenefitsLossesAndExpenses
|
1752000000 | |
CY2021Q2 | us-gaap |
Benefits Losses And Expenses
BenefitsLossesAndExpenses
|
1721000000 | |
CY2021Q3 | us-gaap |
Benefits Losses And Expenses
BenefitsLossesAndExpenses
|
1697000000 | |
CY2021Q4 | us-gaap |
Benefits Losses And Expenses
BenefitsLossesAndExpenses
|
1481000000 | |
CY2021Q1 | us-gaap |
Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
|
174000000 | |
CY2021Q2 | us-gaap |
Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
|
245000000 | |
CY2021Q3 | us-gaap |
Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
|
306000000 | |
CY2021Q4 | us-gaap |
Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
|
193000000 | |
CY2021Q1 | us-gaap |
Profit Loss
ProfitLoss
|
195000000 | |
CY2021Q2 | us-gaap |
Profit Loss
ProfitLoss
|
240000000 | |
CY2021Q3 | us-gaap |
Profit Loss
ProfitLoss
|
318000000 | |
CY2021Q4 | us-gaap |
Profit Loss
ProfitLoss
|
192000000 | |
CY2021Q1 | us-gaap |
Income Loss From Continuing Operations Attributable To Noncontrolling Entity
IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity
|
0 | |
CY2021Q2 | us-gaap |
Income Loss From Continuing Operations Attributable To Noncontrolling Entity
IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity
|
0 | |
CY2021Q3 | us-gaap |
Income Loss From Continuing Operations Attributable To Noncontrolling Entity
IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity
|
4000000 | |
CY2021Q4 | us-gaap |
Income Loss From Continuing Operations Attributable To Noncontrolling Entity
IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity
|
29000000 | |
CY2021Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
187000000 | |
CY2021Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
240000000 | |
CY2021Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
314000000 | |
CY2021Q4 | us-gaap |
Net Income Loss
NetIncomeLoss
|
163000000 | |
CY2020Q1 | us-gaap |
Revenues
Revenues
|
1809000000 | |
CY2020Q2 | us-gaap |
Revenues
Revenues
|
2003000000 | |
CY2020Q3 | us-gaap |
Revenues
Revenues
|
2318000000 | |
CY2020Q4 | us-gaap |
Revenues
Revenues
|
2154000000 | |
CY2020Q1 | us-gaap |
Benefits Losses And Expenses
BenefitsLossesAndExpenses
|
1874000000 | |
CY2020Q2 | us-gaap |
Benefits Losses And Expenses
BenefitsLossesAndExpenses
|
1925000000 | |
CY2020Q3 | us-gaap |
Benefits Losses And Expenses
BenefitsLossesAndExpenses
|
1786000000 | |
CY2020Q4 | us-gaap |
Benefits Losses And Expenses
BenefitsLossesAndExpenses
|
1771000000 | |
CY2020Q1 | us-gaap |
Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
|
-60000000 | |
CY2020Q2 | us-gaap |
Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
|
55000000 | |
CY2020Q3 | us-gaap |
Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
|
402000000 | |
CY2020Q4 | us-gaap |
Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
|
301000000 | |
CY2020Q1 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
|
-12000000 | |
CY2020Q2 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
|
-473000000 | |
CY2020Q3 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
|
34000000 | |
CY2020Q4 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
|
-35000000 | |
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 |