Prudential Financial, Inc. (PJH) financial statements (2021 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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments21,50121,79421,82249,11421,63525,71723,176
Cash and cash equivalents13,70116,32715,35314,49014,12717,61214,918
Short-term investments7,8005,4676,46934,6247,5088,1058,258
Restricted cash and investments   453,300  
Receivables65,66063,680     
Disposal group, including discontinued operation      380
Total current assets:87,16185,47421,82249,15924,93525,71723,556
Noncurrent Assets
Operating lease, right-of-use asset466554
Long-term investments and receivables1,3941,3091,32913,79112,27714,52615,562
Long-term investments1,3941,3091,32913,79112,27714,52615,562
Intangible assets, net (including goodwill)3,6153,6131,2111,1851,1431,1271,125
Goodwill3,0353,013863843833824831
Intangible assets, net (excluding goodwill)580600348342310303294
Total noncurrent assets:5,4755,4762,54014,97613,42015,65316,687
Other undisclosed assets848,086805,602790,716767,786745,607716,018726,412
TOTAL ASSETS:940,722896,552815,078831,921783,962757,388766,655
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt9251,9332,4511,3801,1331,2163,839
Total current liabilities:9251,9332,4511,3801,1331,2163,839
Noncurrent Liabilities
Long-term debt and lease obligation19,71818,64617,37817,17218,04119,72719,831
Long-term debt, excluding current maturities19,71818,64617,37817,17218,04119,72719,831
Total noncurrent liabilities:19,71818,64617,37817,17218,04119,72719,831
Other undisclosed liabilities851,869812,254746,218759,025718,700694,522700,636
Total liabilities:872,512832,833766,047777,577737,874715,465724,306
Stockholders' equity
Stockholders' equity attributable to parent, including:67,42563,11548,61754,06945,86341,89041,770
Common stock66666 6
Treasury stock, value(19,652)(19,453)(17,593)(16,284)(15,316)(13,814)(13,088)
Additional paid in capital25,58425,53224,82824,76924,60624,482167
Accumulated other comprehensive income30,73824,03910,90617,07414,62112,28516,050
Retained earnings30,74932,99130,47028,50421,94618,931484
Other undisclosed stockholders' equity attributable to parent     638,151
Stockholders' equity attributable to noncontrolling interest78560441427522533579
Total stockholders' equity:68,21063,71949,03154,34446,08841,92342,349
TOTAL LIABILITIES AND EQUITY:940,722896,552815,078831,921783,962757,388766,655

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues57,03364,80762,99259,68958,77957,11954,105
Premiums earned, net31,14034,20235,779
Net investment income17,41017,58516,17616,43515,52014,82915,256
Financial services revenue32,09140,62238,26539,191
Cost of revenue(43,821)(46,306)(46,209)(41,287)(41,295)(38,438)(40,539)
Policyholder benefits and claims incurred, net(35,059)(36,820)(39,404)
Financial services costs(33,794)(33,632)(30,627)(31,587)
Gross profit:13,21218,50116,78318,40217,48418,68113,566
Operating expenses(8,887)(13,416)(11,949)(11,915)(11,779) (1,022)
Operating income:4,3255,0854,8346,4875,70518,68112,544
Nonoperating income
(Investment Income, Nonoperating)
772     144
Interest and debt expense(1,574)(1,550)(1,420)(1,327)(1,320)(1,306) 
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(3,846)1,5501,4201,3271,320  
Income (loss) from continuing operations before equity method investments, income taxes:(323)5,0854,8346,4875,70517,37512,688
Income from equity method investments96100764949 594
Income (loss) from continuing operations before income taxes:(227)5,1854,9106,5365,75417,37513,282
Income tax expense (benefit)81(947)(822)1,438(1,335)(2,072)(349)
Other undisclosed income (loss) from continuing operations34,223    (9,591)(11,507)
Income from continuing operations:34,0774,2384,0887,9744,4195,7121,426
Income from discontinued operations      12
Income before gain (loss) on sale of properties:34,0774,2384,0887,9744,4195,7121,438
Other undisclosed net loss(34,223)      
Net income (loss):(146)4,2384,0887,9744,4195,7121,438
Net loss attributable to noncontrolling interest(228)(52)(14)(111)(51)(70)(57)
Net income (loss) attributable to parent:(374)4,1864,0747,8634,3685,6421,381
Undistributed earnings (loss) allocated to participating securities, basic(21)(46)(48)(95)
Net income (loss) available to common stockholders, basic:(395)4,1404,0267,7684,3685,6421,381
Interest on convertible debt 122117   
Other undisclosed net income available to common stockholders, diluted 111   
Net income (loss) available to common stockholders, diluted:(395)4,1534,0487,7864,3685,6421,381

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):(146)4,2384,0887,9744,4195,7121,438
Other comprehensive income (loss)6,71013,129(6,969)2,4352,380(3,824)7,357
Comprehensive income (loss):6,56417,367(2,881)10,4096,7991,8888,795
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(239)(55)(19)(93)(95)(11)45
Other undisclosed comprehensive loss, net of tax, attributable to parent      (90)
Comprehensive income (loss), net of tax, attributable to parent:6,32517,312(2,900)10,3166,7041,8778,750

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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