Prudential Historical Income Statement
| PRU Stock | USD 116.91 0.82 0.70% |
Historical analysis of Prudential Financial income statement accounts such as Income Before Tax of 3.2 B, Extraordinary Items of 255.6 M, Net Income of 2.8 B or Income Tax Expense of 580.3 M can show how well Prudential Financial performed in making a profits. Evaluating Prudential Financial income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Prudential Financial's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Prudential Financial latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Prudential Financial is a good buy for the upcoming year.
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About Prudential Income Statement Analysis
Prudential Financial Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Prudential Financial shareholders. The income statement also shows Prudential investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Prudential Financial Income Statement Chart
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Cost Of Revenue
Cost of Revenue is found on Prudential Financial income statement and represents the costs associated with goods and services Prudential Financial provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Prudential Financial. It is also known as Prudential Financial overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Most accounts from Prudential Financial's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Prudential Financial current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Prudential Financial. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. For more information on how to buy Prudential Stock please use our How to Invest in Prudential Financial guide.At this time, Prudential Financial's Income Before Tax is comparatively stable compared to the past year. Extraordinary Items is likely to gain to about 255.6 M in 2024, whereas Gross Profit is likely to drop slightly above 48.6 B in 2024.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 61.4B | 60.1B | 54.3B | 48.6B | Total Revenue | 61.4B | 60.1B | 54.3B | 49.9B |
Prudential Financial income statement Correlations
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Prudential Financial Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Prudential Financial income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Interest Expense | 1.5B | 1.6B | 1.5B | 1.6B | 1.8B | 891M | |
| Total Revenue | 57.2B | 49.8B | 61.4B | 60.1B | 54.3B | 49.9B | |
| Gross Profit | 57.2B | 49.8B | 61.4B | 60.1B | 54.3B | 48.6B | |
| Operating Income | 1.9B | (2.4B) | 6.4B | (1.1B) | (116M) | (110.2M) | |
| Income Before Tax | 5.1B | (323M) | 9.4B | (1.8B) | 3.1B | 3.2B | |
| Net Income Applicable To Common Shares | 4.2B | (374M) | 7.7B | (1.4B) | (1.7B) | (1.6B) | |
| Net Income | 4.2B | (242M) | 8.9B | (1.4B) | 2.5B | 2.8B | |
| Income Tax Expense | 947M | (81M) | 1.7B | (370M) | 613M | 580.3M | |
| Depreciation And Amortization | 460M | 457M | 204M | 124M | (70M) | (66.5M) | |
| Other Operating Expenses | 52.2B | 50.2B | 52.0B | 60.9B | 51.2B | 47.3B | |
| Ebit | 1.9B | (2.4B) | 6.4B | (1.1B) | (46M) | (43.7M) | |
| Ebitda | 2.3B | (1.9B) | 6.7B | (944M) | (116M) | (110.2M) | |
| Total Operating Expenses | (55.4B) | (52.2B) | (55.0B) | 15.0B | 83M | 78.9M | |
| Total Other Income Expense Net | 3.2B | 2.1B | 2.9B | (708M) | 4.1B | 2.3B | |
| Selling General Administrative | 14.1B | 14.3B | 13.4B | 12.6B | 13.0B | 11.6B | |
| Net Income From Continuing Ops | 4.1B | (242M) | 7.8B | (1.4B) | 2.5B | 3.3B | |
| Minority Interest | 52M | 228M | (70M) | (24M) | (20M) | (19M) | |
| Tax Provision | 947M | (81M) | 1.7B | (370M) | 613M | 495.5M | |
| Net Interest Income | (1.5B) | (1.6B) | (1.5B) | (1.6B) | (1.4B) | (1.5B) | |
| Non Operating Income Net Other | 100M | 96M | 87M | (56M) | (50.4M) | (47.9M) | |
| Reconciled Depreciation | 460M | 457M | 204M | 124M | (70M) | (66.5M) |
Pair Trading with Prudential Financial
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Prudential Financial position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Prudential Financial will appreciate offsetting losses from the drop in the long position's value.Moving together with Prudential Stock
Moving against Prudential Stock
| 0.64 | FLFG | Federal Life Group | PairCorr |
| 0.5 | ABLLW | Abacus Life Symbol Change | PairCorr |
| 0.48 | GWLIF | Great West Lifeco | PairCorr |
The ability to find closely correlated positions to Prudential Financial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Prudential Financial when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Prudential Financial - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Prudential Financial to buy it.
The correlation of Prudential Financial is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Prudential Financial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Prudential Financial moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Prudential Financial can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Prudential Stock Analysis
When running Prudential Financial's price analysis, check to measure Prudential Financial's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Prudential Financial is operating at the current time. Most of Prudential Financial's value examination focuses on studying past and present price action to predict the probability of Prudential Financial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Prudential Financial's price. Additionally, you may evaluate how the addition of Prudential Financial to your portfolios can decrease your overall portfolio volatility.