Aflac (AFL) FY2012 results: revenue $25.4 billion, up 14.4% on the year
Aflac Inc. (AFL) reported revenue of $25.4 billion for fiscal 2012, the year ended 31 December 2012, up 14.4% on the year before. Net income was $2.9 billion, up 48.0%, and diluted earnings per share $3.06. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2013.
Revenue
$25.4 billion
+14.4% on the year
FY2007FY2012
Operating margin
18.4%
20.3% a year earlier
FY2007FY2012
Net income
$2.9 billion
+48.0% on the year
FY2007FY2012
Diluted EPS
$3.06
+48.3% on the year
FY2007FY2012
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
25,364
22,171
20,732
+14.4%
Selling, general and administrative
2,415
2,336
2,159
+3.4%
Operating income
4,658
4,502
3,983
+3.5%
Operating margin
18.4%
20.3%
19.2%
Interest expense
261
196
149
+33.2%
Pre-tax income
4,302
2,950
3,561
+45.8%
Income tax
1,436
1,013
1,233
+41.8%
Effective tax rate
33.4%
34.3%
34.6%
Net income
2,866
1,937
2,328
+48.0%
Net margin
11.3%
8.7%
11.2%
Diluted EPS
$3.06
$2.06
$2.46
+48.3%
$ 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
14,952
10,842
6,989
+37.9%
Cash from investing
-16,952
-10,829
-7,432
Cash from financing
1,945
64.0
161
+2,939.1%
Depreciation and amortisation
67.0
64.0
82.0
+4.7%
Buybacks
118
308
121
-61.7%
Dividends paid
603
552
535
+9.2%
Diluted shares, weighted
939m
939m
946m
-0.0%
Shares outstanding at period end
936m
933m
939m
+0.3%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
15,978
12,946
10,540
+23.4%
Debt
4,343
3,275
3,038
+32.6%
Other liabilities
100,986
100,016
86,665
+1.0%
Total liabilities and equity
121,307
116,237
100,243
+4.4%
Fixed assets
564
617
620
-8.6%
Securities held for sale or to maturity
54,426
47,009
30,084
+15.8%
Cash and equivalents
2,041
2,249
2,121
-9.2%
Other assets
64,276
66,362
67,418
-3.1%
Total assets
121,307
116,237
100,243
+4.4%
10-K for the year ended 31 December 2012, filed 27 February 2013: the filing.