Manulife Financial Corporation (MFC)

Income Statement (Annual)

Financials in millions CAD. Fiscal year is January - December.

Year	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012 - 2001
Revenue	17,147	61,821	78,908	79,570	38,972	58,323	53,337	34,430	54,388	18,639	Upgrade
Revenue Growth (YoY)	-72.26%	-21.65%	-0.83%	104.17%	-33.18%	9.35%	54.91%	-36.70%	191.80%	-35.97%	Upgrade
Cost of Revenue	-9,299	35,822	55,235	55,915	15,934	39,301	34,134	17,341	38,365	3,853	Upgrade
Gross Profit	26,446	25,999	23,673	23,655	23,038	19,022	19,203	17,089	16,023	14,786	Upgrade
Selling, General & Admin	7,782	7,828	7,510	7,686	7,957	7,233	6,995	6,221	4,772	4,618	Upgrade
Other Operating Expenses	8,567	9,035	8,211	8,430	8,287	8,149	7,866	7,149	5,856	5,376	Upgrade
Operating Expenses	16,349	16,863	15,721	16,116	16,244	15,382	14,861	13,370	10,628	9,994	Upgrade
Operating Income	10,097	9,136	7,952	7,539	6,794	3,640	4,342	3,719	5,395	4,792	Upgrade
Interest Expense / Income	1,350	1,011	1,181	1,319	1,275	1,139	1,013	1,101	1,131	1,045	Upgrade
Other Expense / Income	-112	-193	-295	-100	87	158	204	99	92	36	Upgrade
Pretax Income	8,859	8,318	7,066	6,320	5,432	2,343	3,125	2,519	4,172	3,711	Upgrade
Income Tax	1,565	1,213	1,195	718	632	239	196	328	671	581	Upgrade
Net Income	7,294	7,105	5,871	5,602	4,800	2,104	2,929	2,191	3,501	3,130	Upgrade
Preferred Dividends	260	215	171	172	168	159	133	116	126	131	Upgrade
Net Income Common	7,034	6,890	5,700	5,430	4,632	1,945	2,796	2,075	3,375	2,999	Upgrade
Net Income Growth	2.09%	20.88%	4.97%	17.23%	138.15%	-30.44%	34.75%	-38.52%	12.54%	76.62%	Upgrade
Shares Outstanding (Basic)	1,884	1,942	2,105	2,127	2,128	2,121	2,082	1,988	1,972	1,944	Upgrade
Shares Change	-3.01%	-7.74%	-1.04%	-0.04%	0.30%	1.90%	4.72%	0.81%	1.47%	2.95%	Upgrade
EPS (Basic)	3.68	3.55	2.94	2.77	2.34	0.98	1.42	1.06	1.82	1.63	Upgrade
EPS (Diluted)	3.68	3.54	2.93	2.77	2.33	0.98	1.41	1.05	1.80	1.62	Upgrade
EPS Growth	3.95%	20.82%	5.78%	18.88%	137.76%	-30.50%	34.29%	-41.67%	11.11%	76.09%	Upgrade
Free Cash Flow	17,735	23,155	20,048	20,542	19,188	17,791	17,017	10,374	10,806	9,503	Upgrade
Free Cash Flow Per Share	9.41	11.92	9.53	9.66	9.02	8.39	8.17	5.22	5.48	4.89	Upgrade
Dividend Per Share	1.017	0.936	1.054	0.940	0.706	0.629	0.558	0.524	0.515	0.509	Upgrade
Dividend Growth	8.65%	-11.20%	12.13%	33.14%	12.24%	12.72%	6.49%	1.75%	1.18%	-2.30%	Upgrade
Gross Margin	154.23%	42.06%	30.00%	29.73%	59.11%	32.61%	36.00%	49.63%	29.46%	79.33%	Upgrade
Operating Margin	58.88%	14.78%	10.08%	9.47%	17.43%	6.24%	8.14%	10.80%	9.92%	25.71%	Upgrade
Profit Margin	41.02%	11.15%	7.22%	6.82%	11.89%	3.33%	5.24%	6.03%	6.21%	16.09%	Upgrade
Free Cash Flow Margin	103.43%	37.45%	25.41%	25.82%	49.24%	30.50%	31.90%	30.13%	19.87%	50.98%	Upgrade
Effective Tax Rate	17.67%	14.58%	16.91%	11.36%	11.63%	10.20%	6.27%	13.02%	16.08%	15.66%	Upgrade
EBITDA	10,747	9,858	8,903	8,265	7,454	4,042	4,831	4,200	5,765	5,182	Upgrade
EBITDA Margin	62.68%	15.95%	11.28%	10.39%	19.13%	6.93%	9.06%	12.20%	10.60%	27.80%	Upgrade
Depreciation & Amortization	538	529	656	626	747	560	693	580	462	426	Upgrade
EBIT	10,209	9,329	8,247	7,639	6,707	3,482	4,138	3,620	5,303	4,756	Upgrade
EBIT Margin	59.54%	15.09%	10.45%	9.60%	17.21%	5.97%	7.76%	10.51%	9.75%	25.52%	Upgrade

Source: Financials are provided by Nasdaq Data Link and sourced from audited reports submitted to the Securities and Exchange Commission (SEC).