American International Group (AIG) FY2017 results: revenue $49.5 billion, down 5.4% on the year
American International Group, Inc. (AIG) reported revenue of $49.5 billion for fiscal 2017, the year ended 31 December 2017, down 5.4% on the year before. Net income was -$6.1 billion, and diluted earnings per share $-6.54. The figures are the company's own, from the 10-K it filed with the SEC on 16 February 2018.
Revenue
$49.5 billion
-5.4% on the year
FY2010FY2017
Operating margin
3.0%
-0.1% a year earlier
FY2010FY2017
Net income
-$6.1 billion
FY2010FY2017
Diluted EPS
-$6.54
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
49,520
52,367
58,327
-5.4%
Selling, general and administrative
9,107
10,989
12,686
-17.1%
Operating income
1,466
-74.0
3,281
Operating margin
3.0%
-0.1%
5.6%
Interest expense
1,168
1,260
1,281
-7.3%
Pre-tax income
1,466
-74.0
3,281
Income tax
7,526
185
1,059
+3,968.1%
Effective tax rate
513.4%
n/a
32.3%
Net income
-6,084
-849
2,196
Net margin
-12.3%
-1.6%
3.8%
Diluted EPS
-$6.54
-$0.78
$1.65
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
-7,818
3,502
2,877
Capital expenditure
483
1,119
1,722
-56.8%
Free cash flow
-8,301
2,383
1,155
Free cash flow margin
-16.8%
4.6%
2.0%
Cash from investing
14,041
3,252
8,462
+331.8%
Cash from financing
-5,697
-6,833
-11,429
Depreciation and amortisation
3,874
4,090
4,629
-5.3%
Share-based compensation
353
237
365
+48.9%
Buybacks
6,275
11,460
10,691
-45.2%
Dividends paid
1,172
1,372
1,028
-14.6%
Dividend per share
$1.28
$1.28
$0.81
0.0%
Diluted shares, weighted
931m
1,091m
1,334m
-14.7%
Shares outstanding at period end
899m
995m
1,194m
-9.7%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
65,171
76,300
89,658
-14.6%
Non-controlling interest
537
558
552
-3.8%
Debt
31,640
30,912
29,249
+2.4%
Other liabilities
400,953
390,494
377,484
+2.7%
Total liabilities and equity
498,301
498,264
496,943
+0.0%
Fixed assets
2,522
2,660
3,135
-5.2%
Goodwill
1,594
1,528
1,613
+4.3%
Intangible assets
106
n/a
n/a
Investments
10,386
12,302
10,132
-15.6%
Loans
37,023
33,240
29,565
+11.4%
Trading assets
13,361
14,480
17,703
-7.7%
Cash and equivalents
2,737
2,107
2,238
+29.9%
Other assets
430,572
431,947
432,557
-0.3%
Total assets
498,301
498,264
496,943
+0.0%
10-K for the year ended 31 December 2017, filed 16 February 2018: the filing.