American International Group (AIG) FY2012 results: revenue $71.2 billion, up 9.4% on the year
American International Group, Inc. (AIG) reported revenue of $71.2 billion for fiscal 2012, the year ended 31 December 2012, up 9.4% on the year before. Net income was $3.4 billion, down 83.3%, and diluted earnings per share $2.04. The figures are the company's own, from the 10-K it filed with the SEC on 21 February 2013.
Revenue
$71.2 billion
+9.4% on the year
FY2007FY2012
Operating margin
4.1%
-1.4% a year earlier
FY2007FY2012
Net income
$3.4 billion
-83.3% on the year
FY2007FY2012
Diluted EPS
$2.04
-81.5% 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
71,214
65,105
72,829
+9.4%
Selling, general and administrative
13,013
8,458
10,163
+53.9%
Operating income
2,891
-901
20,247
Operating margin
4.1%
-1.4%
27.8%
Interest expense
2,319
2,444
6,742
-5.1%
Pre-tax income
2,891
-901
20,247
Income tax
-808
-19,764
6,993
Effective tax rate
-27.9%
n/a
34.5%
Net income
3,438
20,622
10,058
-83.3%
Net margin
4.8%
31.7%
13.8%
Diluted EPS
$2.04
$11.01
n/a
-81.5%
$ 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
3,676
-81.0
16,597
Capital expenditure
2,851
n/a
267
Free cash flow
825
n/a
16,330
Free cash flow margin
1.2%
n/a
22.4%
Cash from investing
16,612
36,448
-9,912
-54.4%
Cash from financing
-20,564
-36,926
-9,261
Depreciation and amortisation
7,349
7,372
5,977
-0.3%
Share-based compensation
286
-16.0
333
Buybacks
13,000
70.0
n/a
+18,471.4%
Dividend per share
$0.00
n/a
n/a
Diluted shares, weighted
1,687m
1,799m
137m
-6.2%
Shares outstanding at period end
1,476m
n/a
n/a
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
98,002
101,538
78,856
-3.5%
Non-controlling interest
667
855
27,920
-22.0%
Redeemable equity
334
8,523
434
-96.1%
Deposits
n/a
n/a
892
Debt
48,500
75,253
n/a
-35.6%
Other liabilities
401,130
366,885
567,471
+9.3%
Total liabilities and equity
548,633
553,054
675,573
-0.8%
Fixed assets
2,213
2,307
2,845
-4.1%
Goodwill
1,469
1,373
1,333
+7.0%
Securities held for sale or to maturity
269,959
n/a
n/a
Loans
19,482
19,489
20,237
-0.0%
Trading assets
25,246
n/a
n/a
Cash and equivalents
1,151
1,474
1,558
-21.9%
Other assets
229,113
528,411
649,600
-56.6%
Total assets
548,633
553,054
675,573
-0.8%
10-K for the year ended 31 December 2012, filed 21 February 2013: the filing.