Revenue Analysis
VOYA’s reported Total Revenue has shown slight fluctuations over the recent quarters. The revenue figures were as follows: $1.79 billion (most recent quarter), $1.779 billion, $1.831 billion, and $1.813 billion, indicating a relatively stable revenue stream. Gross revenue margins are deduced from Total Revenues less Operation Expenses, showing consistency in VOYA’s ability to manage revenue generation against core business costs.
Cost Management
Analysis of expenses reveals a tightly controlled Cost of Revenue and Operating Expenses. Total Expenses included $1.688 billion (most recent), $1.607 billion, $1.568 billion, and $1.672 billion across the quarters, which suggests effective cost management strategies are in place, showing a minor increase in the final quarter.
Profitability Analysis
We look into key profitability metrics:
- EBITDA: EBIT figures were $182 million, $248 million, $357 million, and $189 million sequentially across quarters, showing some variance and notably higher figures in the third quarter.
- Operating Income: Generally correlated closely with EBIT given the absence of significant additional adjustments.
- Pretax Income: Reported as $102 million, $172 million, $263 million, and $141 million, reflecting some volatility but strong performance in the third quarter.
- Net Income: Net incomes were similarly volatile, from $122 million down from previous quarters of $262 million, $158 million, and $83 million.
Cash Flow Indicators
Interest Expense has been maintained consistently, crucial for servicing debt and financing costs, showing figures like $80 million across all quarters. There’s no specific data on Depreciation, which could influence cash flow understanding.
Taxation
VOYA has maintained a conservative approach with a consistent Tax Rate, as deduced by Tax Provisions showing credits and debits like -$17 million, -$74 million, and positive figures suggesting varying profitability. This is backed by a Tax Rate for Calculations maintained around 0.21 in the latest period, though earlier quarters saw lower rates, reflecting changes in fiscal policies or income variations.
Shareholder Metrics
Earnings per Share (EPS) provides direct insight into return on investment for shareholders:
- Diluted EPS ranged from $1.1 down from $2.29, $1.41, to $0.63 signaling a decrease in profitability per share lately.
- Basic EPS shows a similar trend with $1.13 (most recent), $2.35, $1.5, and $0.7 respectively.
- Changes in the number of shares were minimal but should be noted as they influence EPS calculations – Diluted Average Shares were around 107 million to 109.8 million across periods reviewed.
Conclusion
In summary, VOYA has demonstrated reasonable stability in revenue generation, with effective cost management and satisfactory profitability metrics although Net Income seems to be decreasing. The shareholders’ return through EPS is also on a declining trend, suggesting potential areas of improvement. VOYA’s consistency in handling expenses and strategic management of tax obligations offers a solid fiscal foundation which should be built upon to enhance shareholder value.