Allstate (ALL) FY2014 results: revenue $35.2 billion, up 2.1% on the year
Allstate Corp. (ALL) reported revenue of $35.2 billion for fiscal 2014, the year ended 31 December 2014, up 2.1% on the year before. Net income was $2.9 billion, up 25.0%, and diluted earnings per share $6.27. The figures are the company's own, from the 10-K it filed with the SEC on 19 February 2015.
Revenue
$35.2 billion
+2.1% on the year
FY2007FY2014
Operating margin
12.2%
11.8% a year earlier
FY2007FY2014
Net income
$2.9 billion
+25.0% on the year
FY2007FY2014
Diluted EPS
$6.27
+30.4% on the year
FY2007FY2014
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Revenue
35,239
34,507
33,315
+2.1%
Operating income
4,310
4,084
3,288
+5.5%
Operating margin
12.2%
11.8%
9.9%
Interest expense
322
367
373
-12.3%
Income tax
1,386
1,116
1,000
+24.2%
Net income
2,850
2,280
2,306
+25.0%
Net margin
8.1%
6.6%
6.9%
Diluted EPS
$6.27
$4.81
$4.68
+30.4%
$ 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
FY2014
FY2013
FY2012
On the year
Last 8 years
Operating cash flow
3,236
4,242
3,054
-23.7%
Capital expenditure
288
207
285
+39.1%
Free cash flow
2,948
4,035
2,769
-26.9%
Free cash flow margin
8.4%
11.7%
8.3%
Cash from investing
1,621
1,580
1,581
+2.6%
Cash from financing
-4,875
-5,953
-4,605
Depreciation and amortisation
366
368
388
-0.5%
Share-based compensation
88.0
93.0
86.0
-5.4%
Buybacks
2,301
1,834
913
+25.5%
Dividends paid
477
352
534
+35.5%
Dividend per share
$1.12
$1.00
$0.88
+12.0%
Diluted shares, weighted
438m
470m
493m
-6.8%
Shares outstanding at period end
418m
449m
479m
-6.9%
Balance sheet
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Shareholders' equity
22,304
21,480
20,580
+3.8%
Debt
5,140
6,201
6,057
-17.1%
Other liabilities
81,089
95,839
100,310
-15.4%
Total liabilities and equity
108,533
123,520
126,947
-12.1%
Fixed assets
1,031
1,024
989
+0.7%
Goodwill
1,219
1,243
1,240
-1.9%
Investments
2,540
2,393
2,336
+6.1%
Cash and equivalents
657
675
806
-2.7%
Other assets
103,086
118,185
121,576
-12.8%
Total assets
108,533
123,520
126,947
-12.1%
10-K for the year ended 31 December 2014, filed 19 February 2015: the filing.