American International Group (AIG) FY2018 results: revenue $47.4 billion, down 4.3% on the year
American International Group, Inc. (AIG) reported revenue of $47.4 billion for fiscal 2018, the year ended 31 December 2018, down 4.3% on the year before. Net income was -$6 million, and diluted earnings per share $-0.01. The figures are the company's own, from the 10-K it filed with the SEC on 15 February 2019.
Revenue
$47.4 billion
-4.3% on the year
FY2011FY2018
Operating margin
0.5%
3.0% a year earlier
FY2011FY2018
Net income
-$6 million
FY2011FY2018
Diluted EPS
-$0.01
FY2011FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
47,389
49,520
52,367
-4.3%
Selling, general and administrative
9,302
9,107
10,989
+2.1%
Operating income
257
1,466
-74.0
-82.5%
Operating margin
0.5%
3.0%
-0.1%
Interest expense
1,309
1,168
1,260
+12.1%
Pre-tax income
257
1,466
-74.0
-82.5%
Income tax
154
7,526
185
-98.0%
Effective tax rate
59.9%
513.4%
n/a
Net income
-6.0
-6,084
-849
Net margin
-0.0%
-12.3%
-1.6%
Diluted EPS
-$0.01
-$6.54
-$0.78
$ 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
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
-394
-7,818
3,502
Capital expenditure
368
483
1,119
-23.8%
Free cash flow
-762
-8,301
2,383
Free cash flow margin
-1.6%
-16.8%
4.6%
Cash from investing
-223
14,041
3,252
Cash from financing
1,249
-5,697
-6,833
Depreciation and amortisation
5,362
3,874
4,090
+38.4%
Share-based compensation
337
353
237
-4.5%
Buybacks
1,739
6,275
11,460
-72.3%
Dividends paid
1,138
1,172
1,372
-2.9%
Dividend per share
n/a
$1.28
$1.28
Diluted shares, weighted
910m
931m
1,091m
-2.2%
Shares outstanding at period end
867m
899m
995m
-3.6%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
56,361
65,171
76,300
-13.5%
Non-controlling interest
948
537
558
+76.5%
Debt
34,540
31,640
30,912
+9.2%
Other liabilities
400,135
400,953
390,494
-0.2%
Total liabilities and equity
491,984
498,301
498,264
-1.3%
Fixed assets
2,172
2,522
2,660
-13.9%
Goodwill
4,082
1,594
1,528
+156.1%
Intangible assets
360
106
n/a
+239.6%
Investments
9,674
10,386
12,302
-6.9%
Loans
43,135
37,023
33,240
+16.5%
Trading assets
12,668
13,361
14,480
-5.2%
Cash and equivalents
3,358
2,737
2,107
+22.7%
Other assets
416,535
430,572
431,947
-3.3%
Total assets
491,984
498,301
498,264
-1.3%
10-K for the year ended 31 December 2018, filed 15 February 2019: the filing.