American International Group (AIG) FY2019 results: revenue $49.7 billion, up 5.0% on the year
American International Group, Inc. (AIG) reported revenue of $49.7 billion for fiscal 2019, the year ended 31 December 2019, up 5.0% on the year before. Net income was $3.3 billion, and diluted earnings per share $3.74. The figures are the company's own, from the 10-K it filed with the SEC on 21 February 2020.
Revenue
$49.7 billion
+5.0% on the year
FY2012FY2019
Operating margin
10.6%
0.5% a year earlier
FY2012FY2019
Net income
$3.3 billion
FY2012FY2019
Diluted EPS
$3.74
FY2012FY2019
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Revenue
49,746
47,389
49,520
+5.0%
Selling, general and administrative
8,537
9,302
9,107
-8.2%
Operating income
5,287
257
1,466
+1,957.2%
Operating margin
10.6%
0.5%
3.0%
Interest expense
1,417
1,309
1,168
+8.3%
Pre-tax income
5,287
257
1,466
+1,957.2%
Income tax
1,166
154
7,526
+657.1%
Effective tax rate
22.1%
59.9%
513.4%
Net income
3,348
-6.0
-6,084
Net margin
6.7%
-0.0%
-12.3%
Diluted EPS
$3.74
-$0.01
-$6.54
$ 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
FY2019
FY2018
FY2017
On the year
Last 8 years
Operating cash flow
-1,807
-394
-7,818
Capital expenditure
304
368
483
-17.4%
Free cash flow
-2,111
-762
-8,301
Free cash flow margin
-4.2%
-1.6%
-16.8%
Cash from investing
-5,475
-223
14,041
Cash from financing
7,258
1,249
-5,697
+481.1%
Depreciation and amortisation
5,006
5,362
3,874
-6.6%
Share-based compensation
314
337
353
-6.8%
Buybacks
0.0
1,739
6,275
Dividends paid
1,114
1,138
1,172
-2.1%
Dividend per share
n/a
n/a
$1.28
Diluted shares, weighted
890m
910m
931m
-2.3%
Shares outstanding at period end
870m
867m
899m
+0.4%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
65,675
56,361
65,171
+16.5%
Non-controlling interest
1,752
948
537
+84.8%
Debt
35,350
34,540
31,640
+2.3%
Other liabilities
422,287
400,135
400,953
+5.5%
Total liabilities and equity
525,064
491,984
498,301
+6.7%
Fixed assets
1,953
2,172
2,522
-10.1%
Goodwill
4,038
4,082
1,594
-1.1%
Intangible assets
333
360
106
-7.5%
Investments
13,230
9,674
10,386
+36.8%
Loans
46,984
43,135
37,023
+8.9%
Trading assets
7,523
12,668
13,361
-40.6%
Cash and equivalents
3,287
3,358
2,737
-2.1%
Other assets
447,716
416,535
430,572
+7.5%
Total assets
525,064
491,984
498,301
+6.7%
10-K for the year ended 31 December 2019, filed 21 February 2020: the filing.