American International Group (AIG) FY2015 results: revenue $58.3 billion, down 9.4% on the year
American International Group, Inc. (AIG) reported revenue of $58.3 billion for fiscal 2015, the year ended 31 December 2015, down 9.4% on the year before. Net income was $2.2 billion, down 70.8%, and diluted earnings per share $1.65. The figures are the company's own, from the 10-K it filed with the SEC on 19 February 2016.
Revenue
$58.3 billion
-9.4% on the year
FY2008FY2015
Operating margin
5.6%
16.3% a year earlier
FY2008FY2015
Net income
$2.2 billion
-70.8% on the year
FY2008FY2015
Diluted EPS
$1.65
-68.3% 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
58,327
64,406
68,874
-9.4%
Selling, general and administrative
12,686
13,138
13,564
-3.4%
Operating income
3,281
10,501
9,368
-68.8%
Operating margin
5.6%
16.3%
13.6%
Interest expense
1,281
1,718
2,142
-25.4%
Pre-tax income
3,281
10,501
9,368
-68.8%
Income tax
1,059
2,927
360
-63.8%
Effective tax rate
32.3%
27.9%
3.8%
Net income
2,196
7,529
9,085
-70.8%
Net margin
3.8%
11.7%
13.2%
Diluted EPS
$1.65
$5.20
$6.13
-68.3%
$ 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
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
2,877
5,007
5,865
-42.5%
Capital expenditure
1,722
1,832
2,732
-6.0%
Free cash flow
1,155
3,175
3,133
-63.6%
Free cash flow margin
2.0%
4.9%
4.5%
Cash from investing
8,462
14,284
7,099
-40.8%
Cash from financing
-11,429
-19,788
-11,758
Depreciation and amortisation
4,629
4,448
4,713
+4.1%
Share-based compensation
365
349
457
+4.6%
Buybacks
10,691
4,902
597
+118.1%
Dividends paid
1,028
712
294
+44.4%
Dividend per share
$0.81
$0.50
$0.20
+62.0%
Diluted shares, weighted
1,334m
1,448m
1,481m
-7.8%
Shares outstanding at period end
1,194m
1,376m
1,464m
-13.2%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
89,658
106,898
100,470
-16.1%
Non-controlling interest
552
374
611
+47.6%
Redeemable equity
n/a
0.0
30.0
Debt
29,249
31,217
41,693
-6.3%
Other liabilities
377,484
377,092
398,525
+0.1%
Total liabilities and equity
496,943
515,581
541,329
-3.6%
Fixed assets
3,135
2,700
2,315
+16.1%
Goodwill
1,613
1,454
1,475
+10.9%
Investments
10,132
11,243
n/a
-9.9%
Securities held for sale or to maturity
n/a
n/a
258,274
Loans
29,565
24,990
20,765
+18.3%
Trading assets
17,703
20,761
23,457
-14.7%
Cash and equivalents
2,238
1,758
2,241
+27.3%
Other assets
432,557
452,675
232,802
-4.4%
Total assets
496,943
515,581
541,329
-3.6%
10-K for the year ended 31 December 2015, filed 19 February 2016: the filing.