American International Group (AIG) FY2020 results: revenue $43.7 billion, down 12.1% on the year
American International Group, Inc. (AIG) reported revenue of $43.7 billion for fiscal 2020, the year ended 31 December 2020, down 12.1% on the year before. Net income was -$5.9 billion, and diluted earnings per share $-6.88. The figures are the company's own, from the 10-K it filed with the SEC on 19 February 2021.
Revenue
$43.7 billion
-12.1% on the year
FY2013FY2020
Operating margin
-16.7%
10.6% a year earlier
FY2013FY2020
Net income
-$5.9 billion
FY2013FY2020
Diluted EPS
-$6.88
FY2013FY2020
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Revenue
43,736
49,746
47,389
-12.1%
Selling, general and administrative
8,396
8,537
9,302
-1.7%
Operating income
-7,293
5,287
257
Operating margin
-16.7%
10.6%
0.5%
Interest expense
1,457
1,417
1,309
+2.8%
Pre-tax income
-7,293
5,287
257
Income tax
-1,460
1,166
154
Effective tax rate
n/a
22.1%
59.9%
Net income
-5,944
3,348
-6.0
Net margin
-13.6%
6.7%
-0.0%
Diluted EPS
-$6.88
$3.74
-$0.01
$ 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
FY2020
FY2019
FY2018
On the year
Last 8 years
Operating cash flow
1,038
-1,807
-394
Capital expenditure
353
304
368
+16.1%
Free cash flow
685
-2,111
-762
Free cash flow margin
1.6%
-4.2%
-1.6%
Cash from investing
-6,202
-5,475
-223
Cash from financing
5,058
7,258
1,249
-30.3%
Depreciation and amortisation
4,120
5,006
5,362
-17.7%
Share-based compensation
274
314
337
-12.7%
Buybacks
500
0.0
1,739
Dividends paid
1,103
1,114
1,138
-1.0%
Dividend per share
$0.32
n/a
n/a
Diluted shares, weighted
869m
890m
910m
-2.3%
Shares outstanding at period end
862m
870m
867m
-1.0%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
66,362
65,675
56,361
+1.0%
Non-controlling interest
837
1,752
948
-52.2%
Debt
37,534
35,350
34,540
+6.2%
Other liabilities
481,748
422,287
400,135
+14.1%
Total liabilities and equity
586,481
525,064
491,984
+11.7%
Fixed assets
1,840
1,953
2,172
-5.8%
Goodwill
4,074
4,038
4,082
+0.9%
Intangible assets
319
333
360
-4.2%
Investments
n/a
13,230
9,674
Securities held for sale or to maturity
271,496
n/a
n/a
Loans
45,562
46,984
43,135
-3.0%
Trading assets
6,347
7,523
12,668
-15.6%
Cash and equivalents
3,230
3,287
3,358
-1.7%
Other assets
253,613
447,716
416,535
-43.4%
Total assets
586,481
525,064
491,984
+11.7%
10-K for the year ended 31 December 2020, filed 19 February 2021: the filing.