American International Group (AIG) FY2022 results: revenue $30.0 billion, down 42.4% on the year
American International Group, Inc. (AIG) reported revenue of $30.0 billion for fiscal 2022, the year ended 31 December 2022, down 42.4% on the year before. Net income was $10.2 billion, down 1.4%, and diluted earnings per share $12.94. The figures are the company's own, from the 10-K it filed with the SEC on 17 February 2023.
Revenue
$30.0 billion
-42.4% on the year
FY2015FY2022
Operating margin
12.6%
25.4% a year earlier
FY2015FY2022
Net income
$10.2 billion
-1.4% on the year
FY2015FY2022
Diluted EPS
$12.94
+8.3% on the year
FY2015FY2022
this yearthe year beforeHover a bar for its figure.
$ 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
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
4,134
6,223
1,038
-33.6%
Capital expenditure
210
343
353
-38.8%
Free cash flow
3,924
5,880
685
-33.3%
Free cash flow margin
13.1%
11.3%
1.6%
Cash from investing
-3,626
-3,280
-6,202
Cash from financing
-602
-3,679
5,058
Depreciation and amortisation
3,861
4,542
4,120
-15.0%
Share-based compensation
288
278
274
+3.6%
Buybacks
5,200
2,592
500
+100.6%
Dividends paid
982
1,083
1,103
-9.3%
Dividend per share
$1.28
$0.32
$0.32
+300.0%
Diluted shares, weighted
788m
865m
869m
-8.9%
Shares outstanding at period end
734m
819m
862m
-10.3%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
40,970
65,956
66,362
-37.9%
Non-controlling interest
2,484
2,956
837
-16.0%
Debt
27,179
30,163
37,534
-9.9%
Other liabilities
451,595
497,037
481,748
-9.1%
Total liabilities and equity
522,228
596,112
586,481
-12.4%
Fixed assets
1,153
1,840
1,840
-37.3%
Goodwill
3,751
4,056
4,074
-7.5%
Intangible assets
n/a
300
319
Securities held for sale or to maturity
226,156
277,202
271,496
-18.4%
Loans
49,605
46,048
45,562
+7.7%
Trading assets
n/a
7,017
6,347
Cash and equivalents
1,571
2,427
3,230
-35.3%
Other assets
239,992
257,222
253,613
-6.7%
Total assets
522,228
596,112
586,481
-12.4%
10-K for the year ended 31 December 2022, filed 17 February 2023: the filing.