American International Group (AIG) FY2011 results: revenue $65.1 billion, down 10.6% on the year
American International Group, Inc. (AIG) reported revenue of $65.1 billion for fiscal 2011, the year ended 31 December 2011, down 10.6% on the year before. Net income was $20.6 billion, up 105.0%, and diluted earnings per share $11.01. The figures are the company's own, from the 10-K it filed with the SEC on 23 February 2012.
Revenue
$65.1 billion
-10.6% on the year
FY2007FY2011
Operating margin
-1.4%
27.8% a year earlier
FY2007FY2011
Net income
$20.6 billion
+105.0% on the year
FY2007FY2011
Diluted EPS
$11.01
FY2007FY2011
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Revenue
65,105
72,829
75,447
-10.6%
Selling, general and administrative
8,458
10,163
9,815
-16.8%
Operating income
-901
20,247
-14,442
Operating margin
-1.4%
27.8%
-19.1%
Interest expense
2,444
6,742
14,358
-63.7%
Pre-tax income
-901
20,247
-14,442
Income tax
-19,764
6,993
-2,055
Effective tax rate
n/a
34.5%
n/a
Net income
20,622
10,058
-8,362
+105.0%
Net margin
31.7%
13.8%
-11.1%
Diluted EPS
$11.01
n/a
n/a
$ 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
FY2011
FY2010
FY2009
On the year
Last 8 years
Operating cash flow
-81.0
16,597
18,584
Capital expenditure
n/a
267
341
Free cash flow
n/a
16,330
18,243
Free cash flow margin
n/a
22.4%
24.2%
Cash from investing
36,448
-9,912
5,778
Cash from financing
-36,926
-9,261
-28,997
Depreciation and amortisation
7,372
5,977
9,212
+23.3%
Share-based compensation
-16.0
333
209
Buybacks
70.0
n/a
n/a
Diluted shares, weighted
1,799m
137m
135m
+1,216.8%
Balance sheet
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Shareholders' equity
101,538
78,856
69,824
+28.8%
Non-controlling interest
855
27,920
28,252
-96.9%
Redeemable equity
8,523
434
n/a
+1,863.8%
Deposits
n/a
892
1,641
Debt
75,253
n/a
n/a
Other liabilities
366,885
567,471
738,629
-35.3%
Total liabilities and equity
553,054
675,573
838,346
-18.1%
Fixed assets
2,307
2,845
4,142
-18.9%
Goodwill
1,373
1,333
6,195
+3.0%
Securities held for sale or to maturity
n/a
n/a
365,462
Loans
19,489
20,237
n/a
-3.7%
Cash and equivalents
1,474
1,558
4,400
-5.4%
Other assets
528,411
649,600
458,147
-18.7%
Total assets
553,054
675,573
838,346
-18.1%
10-K for the year ended 31 December 2011, filed 23 February 2012: the filing.