Allstate (ALL) FY2011 results: revenue $32.7 billion, up 4.0% on the year
Allstate Corp. (ALL) reported revenue of $32.7 billion for fiscal 2011, the year ended 31 December 2011, up 4.0% on the year before. Net income was $788 million, down 13.5%, and diluted earnings per share $1.51. The figures are the company's own, from the 10-K it filed with the SEC on 22 February 2012.
Revenue
$32.7 billion
+4.0% on the year
FY2007FY2011
Operating margin
3.0%
3.6% a year earlier
FY2007FY2011
Net income
$788 million
-13.5% on the year
FY2007FY2011
Diluted EPS
$1.51
-10.1% on the year
FY2007FY2011
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Revenue
32,654
31,400
32,013
+4.0%
Operating income
975
1,115
1,241
-12.6%
Operating margin
3.0%
3.6%
3.9%
Interest expense
367
367
392
0.0%
Income tax
172
189
394
-9.0%
Net income
788
911
888
-13.5%
Net margin
2.4%
2.9%
2.8%
Diluted EPS
$1.51
$1.68
$1.64
-10.1%
$ 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
FY2011
FY2010
FY2009
On the year
Last 8 years
Operating cash flow
1,929
3,689
4,301
-47.7%
Capital expenditure
246
162
189
+51.9%
Free cash flow
1,683
3,527
4,112
-52.3%
Free cash flow margin
5.2%
11.2%
12.8%
Cash from investing
6,161
2,332
3,440
+164.2%
Cash from financing
-7,876
-6,071
-7,544
Depreciation and amortisation
252
94.0
-91.0
+168.1%
Share-based compensation
64.0
68.0
74.0
-5.9%
Buybacks
953
152
4.0
+527.0%
Dividends paid
435
430
542
+1.2%
Dividend per share
$0.84
$0.80
$0.80
+5.0%
Diluted shares, weighted
523m
542m
541m
-3.6%
Shares outstanding at period end
501m
533m
537m
-6.0%
Balance sheet
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Shareholders' equity
18,298
18,617
16,692
-1.7%
Non-controlling interest
28.0
28.0
29.0
0.0%
Debt
5,908
5,908
5,910
0.0%
Other liabilities
100,959
105,947
109,578
-4.7%
Total liabilities and equity
125,193
130,500
132,209
-4.1%
Fixed assets
914
921
990
-0.8%
Goodwill
1,242
874
875
+42.1%
Investments
1,291
3,279
3,056
-60.6%
Cash and equivalents
776
562
612
+38.1%
Other assets
120,970
124,864
126,676
-3.1%
Total assets
125,193
130,500
132,209
-4.1%
10-K for the year ended 31 December 2011, filed 22 February 2012: the filing.