Cash flow Prudential plc

Equities

PRU

GB0007099541

Life & Health Insurance

Market Closed - London S.E. Other stock markets 16:35:29 18/09/2024 BST			5-day change	1st Jan Change
632.00 ^GBX	+0.29%		+3.07%	-28.76%

09-17	European Equities Traded in the US as American Depositary Receipts Edge Lower in Tuesday Trading	MT
09-17	Prudential Buys Back About 1.6 Million Shares	MT

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Published financial data: PRUDENTIAL PLC

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Premiums and Annuity Revenues	43.48B	10.31B	22.37B	21.4B	9.37B
Total Interest And Dividend Income	49.56B	44.99B	3.49B	-62M	9.74B
Gain (Loss) on Sale of Investments, Total (Rev)	-	-	-	-30.04B	-22M
Other Revenues, Total	700M	670M	641M	539M	-8.05B
Total Revenues	93.74B	55.97B	26.5B	-8.16B	11.04B
Policy Benefits	83.9B	48.2B	18.91B	-13.7B	4.54B
Policy Acquisition / Underwriting Costs, Total	2.06B	1.63B	1.58B	1.8B	2.74B
Selling General & Admin Expenses, Total	5.02B	4.61B	3.13B	3.09B	-
Other Operating Expenses	203M	-760M	-152M	-1.02B	-
Total Operating Expenses	91.19B	53.69B	23.47B	-9.83B	7.28B
Operating Income	2.55B	2.29B	3.03B	1.67B	3.75B
Interest Expense, Total	-516M	-337M	-328M	-209M	-463M
Income (Loss) on Equity Invest.	397M	517M	352M	29M	-91M
Currency Exchange Gains (Loss)	-	-	-	-	4M
Other Non Operating Income (Expenses)	-	-10M	-	-7M	-932M
EBT, Excl. Unusual Items	2.43B	2.46B	3.05B	1.48B	2.27B
Gain (Loss) on Sale of Assets	-142M	-	-	-	-
Other Unusual Items	-	-38M	-35M	-	-
EBT, Incl. Unusual Items	2.29B	2.42B	3.02B	1.48B	2.27B
Income Tax Expense	334M	234M	804M	475M	560M
Earnings From Continuing Operations	1.95B	2.18B	2.21B	1.01B	1.71B
Earnings Of Discontinued Operations	-1.16B	-	-4.23B	-	-
Net Income to Company	792M	2.18B	-2.02B	1.01B	1.71B
Minority Interest	-9M	-67M	-22M	-9M	-11M
Net Income - (IS)	783M	2.12B	-2.04B	998M	1.7B
Net Income to Common Incl Extra Items	783M	2.12B	-2.04B	998M	1.7B
Net Income to Common Excl. Extra Items	1.94B	2.12B	2.19B	998M	1.7B
Per Share Items
Net EPS - Basic	0.3	0.82	-0.78	0.36	0.62
Basic EPS - Continuing Operations	0.75	0.82	0.83	0.36	0.62
Basic Weighted Average Shares Outstanding	2.59B	2.6B	2.63B	2.74B	2.74B
Net EPS - Diluted	0.3	0.82	-0.78	0.36	0.62
Diluted EPS - Continuing Operations	0.75	0.82	0.83	0.36	0.62
Diluted Weighted Average Shares Outstanding	2.59B	2.6B	2.63B	2.74B	2.75B
Normalized Basic EPS	0.58	0.57	0.72	0.34	0.51
Normalized Diluted EPS	0.58	0.57	0.72	0.34	0.51
Dividend Per Share	0.46	0.16	0.17	0.19	0.2
Payout Ratio	208.68	38.43	-20.62	47.49	31.33
American Depositary Receipts Ratio (ADR)	0.5	0.5	0.5	0.5	0.5
Supplemental Items
EBITDA	2.84B	2.55B	3.08B	2.02B	4.18B
EBITA	2.75B	2.48B	3.03B	1.99B	4.13B
EBIT	2.55B	2.29B	3.03B	1.67B	3.75B
EBITDAR	2.83B	2.54B	-	2.02B	4.18B
Total Revenues (As Reported)	93.74B	55.97B	26.5B	-8.22B	-
Effective Tax Rate - (Ratio)	14.6	9.67	26.64	32.05	24.65
Current Domestic Taxes	-	-	-	-	-
Current Foreign Taxes	-	-	-	-	-
Total Current Taxes	561M	314M	-	481M	456M
Deferred Domestic Taxes	-	-	-	-	-
Deferred Foreign Taxes	-	-	-	-	-
Total Deferred Taxes	-227M	-80M	-	-6M	104M
Normalized Net Income	1.51B	1.47B	1.89B	917M	1.41B
Interest on Long-Term Debt	-	16M	-	2M	7M
Non-Cash Pension Expense	-91M	-	-	-	-
Supplemental Operating Expense Items
General and Administrative Expenses	5.02B	4.61B	3.13B	3.09B	-
Net Rental Expense, Total	-11M	-10.8M	-	-6M	-7M
Imputed Operating Lease Interest Expense	-2.46M	-1.62M	-	-1.56M	-4.61M
Imputed Operating Lease Depreciation	-8.54M	-9.18M	-	-4.44M	-2.39M
Stock-Based Comp., Other (Total)	181M	171M	-	104M	81M
Total Stock-Based Compensation	181M	171M	-	104M	81M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Investment In Debt Securities	133B	124B	99.09B	76.99B	83.06B
Investment In Equity and Preferred Securities, Total	249B	34.34B	28.34B	28.82B	66.69B
Trading Asset Securities, Total	1.44B	1.38B	-	-	-
Real Estate Owned	25M	23M	38M	37M	39M
Mortgage Loans	10.07B	7.99B	150M	140M	148M
Policy Loans	6.12B	6.09B	1.73B	1.92B	-
Total Other Investments	3.92B	32.94B	40.19B	37.05B	5.87B
Total investments	403B	207B	170B	145B	156B
Cash And Equivalents	2.49B	3.25B	7.17B	5.51B	4.75B
Reinsurance Recoverable - (IS)	14.07B	47.52B	9.75B	3B	2.43B
Other Receivables - (Insurance Template)	4.36B	4.63B	3.65B	3.13B	3.81B
Deferred Policy Acquisition Costs - (BS)	14.24B	16.22B	2.82B	3.25B	-
Separate Account Assets	-	219B	-	-	-
Gross Property Plant And Equipment	1.77B	1.77B	-	1.19B	1.23B
Accumulated Depreciation	-707M	-879M	-	-775M	-855M
Net Property Plant And Equipment	1.06B	893M	478M	419M	374M
Goodwill	969M	961M	907M	890M	896M
Other Intangibles, Total	3.2B	4.1B	4.02B	3.88B	3.99B
Restricted Cash	4.47B	4.77B	-	-	-
Other Current Assets, Total	1.74B	2.6B	481M	569M	1.86B
Deferred Tax Assets Long-Term (Collected)	4.08B	4.86B	266M	310M	156M
Other Long-Term Assets, Total	38M	34M	28M	17M	-
Total Assets	454B	516B	199B	166B	174B
Liabilities
Accrued Expenses, Total	650M	776M	7.98B	598M	279M
Insurance And Annuity Liabilities	388B	444B	156B	128B	140B
Reinsurance Payable - (BS)	3.76B	4.63B	-	2.04B	1.15B
Current Portion of Long-Term Debt	-	-	-	-	-
Current Portion of Leases	145M	142M	-	101M	76M
Short-Term Borrowings	9.42B	10.27B	723M	1.08B	1.42B
Long-Term Debt	7.09B	8.08B	6.14B	4.28B	3.94B
Long-Term Leases	485M	354M	347M	198M	158M
Current Income Taxes Payable	396M	280M	185M	208M	275M
Other Current Liabilities - (Brok / FS / Ins. / REIT Template)	6.39B	6.46B	5.93B	5.19B	2.95B
Pension & Other Post Retirement Benefits	409M	328M	-	341M	-
Deferred Tax Liability Non-Current	5.24B	6.08B	2.86B	2.87B	1.25B
Other Non Current Liabilities	12.84B	12.29B	1.53B	4.2B	4.75B
Total Liabilities	435B	494B	182B	149B	156B
Common Stock, Total	172M	173M	182M	182M	183M
Additional Paid In Capital	2.62B	2.64B	5.01B	5.01B	5.01B
Retained Earnings	13.76B	14.67B	10.48B	11.08B	11.93B
Treasury Stock	-183M	-243M	-267M	-270M	-
Comprehensive Income and Other	3.1B	3.64B	1.68B	962M	703M
Total Common Equity	19.48B	20.88B	17.09B	16.96B	17.82B
Minority Interest	192M	1.24B	176M	167M	160M
Total Equity	19.67B	22.12B	17.26B	17.13B	17.98B
Total Liabilities And Equity	454B	516B	199B	166B	174B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	2.59B	2.6B	2.73B	2.74B	2.74B
ECS Total Common Shares Outstanding	2.59B	2.6B	2.73B	2.74B	2.74B
Book Value / Share	7.51	8.04	6.25	6.2	6.5
Tangible Book Value	15.31B	15.82B	12.17B	12.19B	12.94B
Tangible Book Value Per Share	5.9	6.09	4.45	4.45	4.72
Total Debt	17.14B	18.84B	7.21B	5.66B	5.59B
Net Debt	14.65B	15.6B	41M	144M	839M
Debt Equivalent of Unfunded Proj. Benefit Obligation	-	-	-	-	-
Debt Equivalent Oper. Leases	-88M	-86.4M	-	-48M	-56M
Minority Interest, Total (Incl. Fin. Div)	192M	1.24B	176M	167M	160M
Equity Method Investments, Total	1.5B	1.96B	2.18B	1.92B	1.94B
Account Code - Inventory Valuation	3	3	3	3	3
Full Time Employees	18.12K	16.23K	-	14.67K	15.03K
Part Time Employees	-	-	-	9.1	-

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	783M	2.12B	-2.04B	998M	1.7B
Depreciation, Depletion & Amortization	227M	218M	169M	145M	145M
Amortization of Goodwill and Intangible Assets - (CF)	205M	191M	-	317M	379M
Total Depreciation, Depletion & Amortization	432M	409M	169M	462M	524M
Amortization of Deferred Charges, Total	33M	34M	-	24M	-
Amort. Of Deferred Policy Acq. Costs - (CF)	-689M	94M	-	485M	-
Change in insurance Reserves / Liabilities	56.07B	53.59B	9.1B	-29.21B	12.79B
Change in Other Net Operating Assets (Collected)	-58.2B	-54.14B	-11.88B	28.82B	-14.47B
Net Cash From Discontinued Operations	-5.69B	-	-423M	-	-
Other Operating Activities	1.37B	-146M	4.94B	-501M	294M
Cash from Operations	-5.9B	1.97B	-145M	1.08B	832M
Capital Expenditure	-64M	-59M	-36M	-34M	-44M
Sale of Property, Plant, and Equipment	-	6M	-	-	2M
Cash Acquisitions	-635M	-1.14B	-773M	-298M	-415M
Divestitures	375M	-	83M	293M	273M
Investment in Marketable and Equity Securities, Total	-	-	-	-	-176M
Cash from Investing	-324M	-1.2B	-726M	-39M	-360M
Long-Term Debt Issued, Total	367M	983M	995M	346M	-
Total Debt Issued	367M	983M	995M	346M	-
Long-Term Debt Repaid, Total	-504M	-138M	-1.37B	-2.18B	-486M
Total Debt Repaid	-504M	-138M	-1.37B	-2.18B	-486M
Issuance of Common Stock	22M	13M	2.38B	2M	4M
Common Dividends Paid	-1.63B	-814M	-421M	-474M	-533M
Common & Preferred Stock Dividends Paid	-1.63B	-814M	-421M	-474M	-533M
Special Dividend Paid	-	-	-	-	-
Other Financing Activities, Total	-708M	168M	2.01B	-218M	-195M
Cash from Financing	-2.46B	212M	3.59B	-2.52B	-1.21B
Foreign Exchange Rate Adjustments	203M	70M	-44M	-175M	-25M
Miscellaneous Cash Flow Adjustments	-	-	-3.53B	-	-
Net Change in Cash	-8.48B	1.05B	-848M	-1.66B	-763M
Supplemental Items
Cash Interest Paid	526M	314M	325M	220M	263M
Cash Income Tax Paid (Refund)	717M	555M	453M	449M	406M
Net Debt Issued / Repaid	-137M	845M	-373M	-1.83B	-486M
Levered Free Cash Flow	93.25B	-31.88B	36.32B	8.68B	-1.7B
Unlevered Free Cash Flow	93.57B	-31.66B	36.53B	8.81B	-1.41B
Change In Net Working Capital	-92.08B	33.74B	-34.5B	-6.72B	4.31B

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	0.29	0.29	0.53	0.57	1.4
Return on Total Capital	4.05	3.68	5.79	4.41	10.17
Return On Equity %	9.38	10.46	11.24	5.86	9.82
Return on Common Equity	9.38	10.5	11.55	5.86	9.85
Margin Analysis
Gross Profit Margin %	8.29	10.96	22.66	-45.87	34.01
SG&A Margin	5.35	8.23	11.8	-37.89	-
EBITDA Margin %	3.03	4.56	11.6	-24.83	37.9
EBITA Margin %	2.94	4.43	11.43	-24.35	37.44
EBIT Margin %	2.72	4.09	11.43	-20.46	34.01
Income From Continuing Operations Margin %	2.08	3.9	8.35	-12.35	15.51
Net Income Margin %	0.84	3.78	-7.71	-12.23	15.41
Net Avail. For Common Margin %	2.07	3.78	8.27	-12.23	15.41
Normalized Net Income Margin	1.61	2.62	7.12	-11.24	12.76
Levered Free Cash Flow Margin	99.48	-56.95	137.07	-106.37	-15.36
Unlevered Free Cash Flow Margin	99.82	-56.57	137.84	-107.97	-12.74
Asset Turnover
Asset Turnover	0.17	0.12	0.07	-0.04	0.07
Fixed Assets Turnover	65.55	57.17	38.66	-18.19	27.22
Receivables Turnover (Average Receivables)	160.68	82.73	-	31.99	16.52
Short Term Liquidity
Current Ratio	1.36	2.82	1.38	1.27	2.02
Quick Ratio	0.3	0.32	0.61	0.76	1.16
Operating Cash Flow to Current Liabilities	-0.28	0.09	-0.01	0.12	0.14
Days Sales Outstanding (Average Receivables)	2.27	4.42	-	11.41	22.1
Average Days Payable Outstanding	-	30.8	-	-54.98	58.28
Long Term Solvency
Total Debt/Equity	87.14	85.2	41.77	33.04	31.08
Total Debt / Total Capital	46.56	46	29.46	24.83	23.71
LT Debt/Equity	38.51	38.13	37.58	26.12	22.79
Long-Term Debt / Total Capital