American International Group (AIG) FY2016 results: revenue $52.4 billion, down 10.2% on the year
American International Group, Inc. (AIG) reported revenue of $52.4 billion for fiscal 2016, the year ended 31 December 2016, down 10.2% on the year before. Net income was -$849 million, and diluted earnings per share $-0.78. The figures are the company's own, from the 10-K it filed with the SEC on 23 February 2017.
Revenue
$52.4 billion
-10.2% on the year
FY2009FY2016
Operating margin
-0.1%
5.6% a year earlier
FY2009FY2016
Net income
-$849 million
FY2009FY2016
Diluted EPS
-$0.78
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
52,367
58,327
64,406
-10.2%
Selling, general and administrative
10,989
12,686
13,138
-13.4%
Operating income
-74.0
3,281
10,501
Operating margin
-0.1%
5.6%
16.3%
Interest expense
1,260
1,281
1,718
-1.6%
Pre-tax income
-74.0
3,281
10,501
Income tax
185
1,059
2,927
-82.5%
Effective tax rate
n/a
32.3%
27.9%
Net income
-849
2,196
7,529
Net margin
-1.6%
3.8%
11.7%
Diluted EPS
-$0.78
$1.65
$5.20
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
3,502
2,877
5,007
+21.7%
Capital expenditure
1,119
1,722
1,832
-35.0%
Free cash flow
2,383
1,155
3,175
+106.3%
Free cash flow margin
4.6%
2.0%
4.9%
Cash from investing
3,252
8,462
14,284
-61.6%
Cash from financing
-6,833
-11,429
-19,788
Depreciation and amortisation
4,090
4,629
4,448
-11.6%
Share-based compensation
237
365
349
-35.1%
Buybacks
11,460
10,691
4,902
+7.2%
Dividends paid
1,372
1,028
712
+33.5%
Dividend per share
$1.28
$0.81
$0.50
+58.0%
Diluted shares, weighted
1,091m
1,334m
1,448m
-18.2%
Shares outstanding at period end
995m
1,194m
1,376m
-16.6%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
76,300
89,658
106,898
-14.9%
Non-controlling interest
558
552
374
+1.1%
Redeemable equity
n/a
n/a
0.0
Debt
30,912
29,249
31,217
+5.7%
Other liabilities
390,494
377,484
377,092
+3.4%
Total liabilities and equity
498,264
496,943
515,581
+0.3%
Fixed assets
2,660
3,135
2,700
-15.2%
Goodwill
1,528
1,613
1,454
-5.3%
Investments
12,302
10,132
11,243
+21.4%
Loans
33,240
29,565
24,990
+12.4%
Trading assets
14,480
17,703
20,761
-18.2%
Cash and equivalents
2,107
2,238
1,758
-5.9%
Other assets
431,947
432,557
452,675
-0.1%
Total assets
498,264
496,943
515,581
+0.3%
10-K for the year ended 31 December 2016, filed 23 February 2017: the filing.