American International Group (AIG) FY2013 results: revenue $68.9 billion, down 3.3% on the year
American International Group, Inc. (AIG) reported revenue of $68.9 billion for fiscal 2013, the year ended 31 December 2013, down 3.3% on the year before. Net income was $9.1 billion, up 164.3%, and diluted earnings per share $6.13. The figures are the company's own, from the 10-K it filed with the SEC on 20 February 2014.
Revenue
$68.9 billion
-3.3% on the year
FY2007FY2013
Operating margin
13.6%
4.1% a year earlier
FY2007FY2013
Net income
$9.1 billion
+164.3% on the year
FY2007FY2013
Diluted EPS
$6.13
+200.5% on the year
FY2007FY2013
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Revenue
68,874
71,214
65,105
-3.3%
Selling, general and administrative
13,564
13,013
8,458
+4.2%
Operating income
9,368
2,891
-901
+224.0%
Operating margin
13.6%
4.1%
-1.4%
Interest expense
2,142
2,319
2,444
-7.6%
Pre-tax income
9,368
2,891
-901
+224.0%
Income tax
360
-808
-19,764
Effective tax rate
3.8%
-27.9%
n/a
Net income
9,085
3,438
20,622
+164.3%
Net margin
13.2%
4.8%
31.7%
Diluted EPS
$6.13
$2.04
$11.01
+200.5%
$ 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
FY2013
FY2012
FY2011
On the year
Last 8 years
Operating cash flow
5,865
3,676
-81.0
+59.5%
Capital expenditure
2,732
2,851
n/a
-4.2%
Free cash flow
3,133
825
n/a
+279.8%
Free cash flow margin
4.5%
1.2%
n/a
Cash from investing
7,099
16,612
36,448
-57.3%
Cash from financing
-11,758
-20,564
-36,926
Depreciation and amortisation
4,713
7,349
7,372
-35.9%
Share-based compensation
457
286
-16.0
+59.8%
Buybacks
597
13,000
70.0
-95.4%
Dividends paid
294
n/a
n/a
Dividend per share
$0.20
$0.00
n/a
Diluted shares, weighted
1,481m
1,687m
1,799m
-12.2%
Shares outstanding at period end
1,464m
1,476m
n/a
-0.8%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
100,470
98,002
101,538
+2.5%
Non-controlling interest
611
667
855
-8.4%
Redeemable equity
30.0
334
8,523
-91.0%
Debt
41,693
48,500
75,253
-14.0%
Other liabilities
398,525
401,130
366,885
-0.6%
Total liabilities and equity
541,329
548,633
553,054
-1.3%
Fixed assets
2,315
2,213
2,307
+4.6%
Goodwill
1,475
1,469
1,373
+0.4%
Securities held for sale or to maturity
258,274
269,959
n/a
-4.3%
Loans
20,765
19,482
19,489
+6.6%
Trading assets
23,457
25,246
n/a
-7.1%
Cash and equivalents
2,241
1,151
1,474
+94.7%
Other assets
232,802
229,113
528,411
+1.6%
Total assets
541,329
548,633
553,054
-1.3%
10-K for the year ended 31 December 2013, filed 20 February 2014: the filing.