Prudential Financial, Inc. (PJH) financial statements (2020 and earlier)

Company profile

Business Address 751 BROAD ST
NEWARK, NJ 07102
State of Incorp. NJ
Fiscal Year End December 31
SIC 6311 - Life Insurance (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments21,79421,82249,11421,63525,71723,17619,142
Cash and cash equivalents16,32715,35314,49014,12717,61214,91811,439
Short-term investments5,4676,46934,6247,5088,1058,2587,703
Restricted cash and investments  453,300   
Receivables63,680      
Disposal group, including discontinued operation     380 
Total current assets:85,47421,82249,15924,93525,71723,55619,142
Noncurrent Assets
Operating lease, right-of-use asset554
Long-term investments and receivables1,3091,32913,79112,27714,52615,56214,443
Long-term investments1,3091,32913,79112,27714,52615,56214,443
Intangible assets, net (including goodwill)3,6131,2111,1851,1431,1271,1251,142
Goodwill3,013863843833824831839
Intangible assets, net (excluding goodwill)600348342310303294303
Total noncurrent assets:5,4762,54014,97613,42015,65316,68715,585
Other undisclosed assets805,602790,716767,786745,607716,018726,412697,054
TOTAL ASSETS:896,552815,078831,921783,962757,388766,655731,781
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt1,9332,4511,3801,1331,2163,8392,669
Total current liabilities:1,9332,4511,3801,1331,2163,8392,669
Noncurrent Liabilities
Long-term debt and lease obligation18,64617,37817,17218,04119,72719,83123,553
Long-term debt, excluding current maturities18,64617,37817,17218,04119,72719,83123,553
Total noncurrent liabilities:18,64617,37817,17218,04119,72719,83123,553
Other undisclosed liabilities812,254746,218759,025718,700694,522700,636669,678
Total liabilities:832,833766,047777,577737,874715,465724,306695,900
Stockholders' equity
Stockholders' equity attributable to parent, including:63,11548,61754,06945,86341,89041,77035,278
Common stock6666 66
Treasury stock, value(19,453)(17,593)(16,284)(15,316)(13,814)(13,088)(12,415)
Additional paid in capital25,53224,82824,76924,60624,48216724,475
Accumulated other comprehensive income24,03910,90617,07414,62112,28516,0508,681
Retained earnings32,99130,47028,50421,94618,93148414,531
Other undisclosed stockholders' equity attributable to parent    638,151 
Stockholders' equity attributable to noncontrolling interest60441427522533579603
Total stockholders' equity:63,71949,03154,34446,08841,92342,34935,881
TOTAL LIABILITIES AND EQUITY:896,552815,078831,921783,962757,388766,655731,781

Income statement (P&L) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues64,80762,99259,68958,77957,11954,10541,461
Premiums earned, net34,20235,779
Net investment income17,58516,17616,43515,52014,82915,25614,729
Financial services revenue32,09140,62238,26539,19126,237
Cost of revenue(46,306)(46,209)(41,287)(41,295)(38,438)(40,539)(26,733)
Policyholder benefits and claims incurred, net(36,820)(39,404)
Financial services costs(33,794)(33,632)(30,627)(31,587)(26,733)
Gross profit:18,50116,78318,40217,48418,68113,56614,728
Operating expenses(13,416)(11,949)(11,915)(11,779) (1,022)(411)
Operating income:5,0854,8346,4875,70518,68112,54414,317
Nonoperating income (expense)
(Investment Income, Nonoperating)
     144(485)
Interest and debt expense(1,550)(1,420)(1,327)(1,320)(1,306)  
Other undisclosed income from continuing operations before equity method investments, income taxes1,5501,4201,3271,320   
Income from continuing operations before equity method investments, income taxes:5,0854,8346,4875,70517,37512,68813,832
Income from equity method investments100764949 594332
Income from continuing operations before income taxes:5,1854,9106,5365,75417,37513,28214,164
Income tax expense (benefit)(947)(822)1,438(1,335)(2,072)(349)1,058
Other undisclosed loss from continuing operations    (9,591)(11,507)(15,789)
Income (loss) from continuing operations:4,2384,0887,9744,4195,7121,426(567)
Income from discontinued operations     127
Net income (loss):4,2384,0887,9744,4195,7121,438(560)
Net loss attributable to noncontrolling interest(52)(14)(111)(51)(70)(57)(107)
Net income (loss) attributable to parent:4,1864,0747,8634,3685,6421,381(667)
Undistributed earnings (loss) allocated to participating securities, basic(46)(48)(95)
Net income (loss) available to common stockholders, basic:4,1404,0267,7684,3685,6421,381(667)
Interest on convertible debt122117    
Other undisclosed net income available to common stockholders, diluted111    
Net income (loss) available to common stockholders, diluted:4,1534,0487,7864,3685,6421,381(667)

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):4,2384,0887,9744,4195,7121,438(560)
Other comprehensive income (loss)13,129(6,969)2,4352,380(3,824)7,357(1,559)
Comprehensive income (loss):17,367(2,881)10,4096,7991,8888,795(2,119)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(55)(19)(93)(95)(11)45(81)
Other undisclosed comprehensive loss, net of tax, attributable to parent     (90) 
Comprehensive income (loss), net of tax, attributable to parent:17,312(2,900)10,3166,7041,8778,750(2,200)

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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