American Financial Group (AFG) FY2015 results: revenue $6.1 billion, up 7.2% on the year
American Financial Group Inc. (AFG) reported revenue of $6.1 billion for fiscal 2015, the year ended 31 December 2015, up 7.2% on the year before. Net income was $352 million, down 22.1%, and diluted earnings per share $3.94. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2016.
Revenue
$6.1 billion
+7.2% on the year
FY2008FY2015
Operating margin
9.2%
10.9% a year earlier
FY2008FY2015
Net income
$352 million
-22.1% on the year
FY2008FY2015
Diluted EPS
$3.94
-20.7% on the year
FY2008FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
6,145
5,733
5,103
+7.2%
Operating income
565
626
689
-9.7%
Operating margin
9.2%
10.9%
13.5%
Interest expense
75.0
74.0
71.0
+1.4%
Pre-tax income
565
626
689
-9.7%
Income tax
195
220
236
-11.4%
Effective tax rate
34.5%
35.1%
34.3%
Net income
352
452
471
-22.1%
Net margin
5.7%
7.9%
9.2%
Diluted EPS
$3.94
$4.97
$5.16
-20.7%
$ 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
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
1,353
1,231
760
+9.9%
Cash from investing
-4,577
-3,628
-2,915
Cash from financing
3,097
2,101
2,089
+47.4%
Depreciation and amortisation
134
144
142
-6.9%
Share-based compensation
27.0
25.0
36.0
+8.0%
Buybacks
126
191
70.0
-34.0%
Dividends paid
176
167
160
+5.4%
Dividend per share
$2.03
$1.91
$1.80
+6.3%
Diluted shares, weighted
89m
91m
91m
-1.8%
Shares outstanding at period end
87m
88m
90m
-0.3%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
4,592
4,879
4,599
-5.9%
Non-controlling interest
178
175
170
+1.7%
Redeemable equity
0.0
0.0
n/a
Debt
998
1,061
913
-5.9%
Other liabilities
44,091
41,420
36,405
+6.4%
Total liabilities and equity
49,859
47,535
42,087
+4.9%
Goodwill
199
201
185
-1.0%
Intangible assets
41.0
49.0
14.0
-16.3%
Securities held for sale or to maturity
32,284
30,734
26,456
+5.0%
Cash and equivalents
1,220
1,343
1,639
-9.2%
Other assets
16,115
15,208
13,793
+6.0%
Total assets
49,859
47,535
42,087
+4.9%
10-K for the year ended 31 December 2015, filed 26 February 2016: the filing.