Allstate (ALL) FY2013 results: revenue $34.5 billion, up 3.6% on the year
Allstate Corp. (ALL) reported revenue of $34.5 billion for fiscal 2013, the year ended 31 December 2013, up 3.6% on the year before. Net income was $2.3 billion, down 1.1%, and diluted earnings per share $4.81. The figures are the company's own, from the 10-K it filed with the SEC on 20 February 2014.
Revenue
$34.5 billion
+3.6% on the year
FY2007FY2013
Operating margin
11.8%
9.9% a year earlier
FY2007FY2013
Net income
$2.3 billion
-1.1% on the year
FY2007FY2013
Diluted EPS
$4.81
+2.8% on the year
FY2007FY2013
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Revenue
34,507
33,315
32,654
+3.6%
Operating income
4,084
3,288
975
+24.2%
Operating margin
11.8%
9.9%
3.0%
Interest expense
367
373
367
-1.6%
Income tax
1,116
1,000
172
+11.6%
Net income
2,280
2,306
788
-1.1%
Net margin
6.6%
6.9%
2.4%
Diluted EPS
$4.81
$4.68
$1.51
+2.8%
$ 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
FY2013
FY2012
FY2011
On the year
Last 8 years
Operating cash flow
4,242
3,054
1,929
+38.9%
Capital expenditure
207
285
246
-27.4%
Free cash flow
4,035
2,769
1,683
+45.7%
Free cash flow margin
11.7%
8.3%
5.2%
Cash from investing
1,580
1,581
6,161
-0.1%
Cash from financing
-5,953
-4,605
-7,876
Depreciation and amortisation
368
388
252
-5.2%
Share-based compensation
93.0
86.0
64.0
+8.1%
Buybacks
1,834
913
953
+100.9%
Dividends paid
352
534
435
-34.1%
Dividend per share
$1.00
$0.88
$0.84
+13.6%
Diluted shares, weighted
470m
493m
523m
-4.6%
Shares outstanding at period end
449m
479m
501m
-6.3%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
21,480
20,580
18,298
+4.4%
Non-controlling interest
n/a
n/a
28.0
Debt
6,201
6,057
5,908
+2.4%
Other liabilities
95,839
100,310
100,959
-4.5%
Total liabilities and equity
123,520
126,947
125,193
-2.7%
Fixed assets
1,024
989
914
+3.5%
Goodwill
1,243
1,240
1,242
+0.2%
Investments
2,393
2,336
1,291
+2.4%
Cash and equivalents
675
806
776
-16.3%
Other assets
118,185
121,576
120,970
-2.8%
Total assets
123,520
126,947
125,193
-2.7%
10-K for the year ended 31 December 2013, filed 20 February 2014: the filing.