American Financial Group (AFG) FY2012 results: revenue $5.0 billion, up 6.8% on the year
American Financial Group Inc. (AFG) reported revenue of $5.0 billion for fiscal 2012, the year ended 31 December 2012, up 6.8% on the year before. Net income was $488 million, up 42.7%, and diluted earnings per share $5.09. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2013.
Revenue
$5.0 billion
+6.8% on the year
FY2008FY2012
Operating margin
10.8%
12.0% a year earlier
FY2008FY2012
Net income
$488 million
+42.7% on the year
FY2008FY2012
Diluted EPS
$5.09
+53.3% on the year
FY2008FY2012
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Revenue
4,957
4,643
4,497
+6.8%
Operating income
537
558
694
-3.8%
Operating margin
10.8%
12.0%
15.4%
Interest expense
75.0
74.0
78.0
+1.4%
Pre-tax income
537
558
694
-3.8%
Income tax
135
239
268
-43.5%
Effective tax rate
25.1%
42.8%
38.6%
Net income
488
342
482
+42.7%
Net margin
9.8%
7.4%
10.7%
Diluted EPS
$5.09
$3.32
$4.36
+53.3%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Operating cash flow
817
667
864
+22.5%
Cash from investing
-1,425
-2,439
-1,705
Cash from financing
989
1,997
820
-50.5%
Depreciation and amortisation
257
180
202
+42.8%
Share-based compensation
26.0
22.0
20.0
+18.2%
Buybacks
415
315
292
+31.7%
Dividends paid
90.0
67.0
63.0
+34.3%
Dividend per share
$0.97
$0.66
$0.57
+46.4%
Diluted shares, weighted
96m
103m
110m
-6.8%
Shares outstanding at period end
89m
98m
105m
-9.1%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
4,578
4,411
4,331
+3.8%
Non-controlling interest
170
146
150
+16.4%
Debt
953
934
952
+2.0%
Other liabilities
33,470
30,347
26,808
+10.3%
Total liabilities and equity
39,171
35,838
32,241
+9.3%
Goodwill
185
186
186
-0.5%
Intangible assets
28.0
41.0
49.0
-31.7%
Securities held for sale or to maturity
24,118
21,807
19,328
+10.6%
Cash and equivalents
1,705
1,324
1,099
+28.8%
Other assets
13,135
12,480
11,579
+5.2%
Total assets
39,171
35,838
32,241
+9.3%
10-K for the year ended 31 December 2012, filed 28 February 2013: the filing.