Allstate (ALL) FY2016 results: revenue $37.4 billion, up 4.9% on the year
Allstate Corp. (ALL) reported revenue of $37.4 billion for fiscal 2016, the year ended 31 December 2016, up 4.9% on the year before. Net income was $1.8 billion, down 16.7%, and diluted earnings per share $4.67. The figures are the company's own, from the 10-K it filed with the SEC on 17 February 2017.
Revenue
$37.4 billion
+4.9% on the year
FY2009FY2016
Operating margin
7.1%
9.2% a year earlier
FY2009FY2016
Net income
$1.8 billion
-16.7% on the year
FY2009FY2016
Diluted EPS
$4.67
-7.5% on the year
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
37,399
35,653
35,239
+4.9%
Operating income
2,645
3,279
4,310
-19.3%
Operating margin
7.1%
9.2%
12.2%
Interest expense
295
292
322
+1.0%
Income tax
842
1,111
1,386
-24.2%
Net income
1,808
2,171
2,850
-16.7%
Net margin
4.8%
6.1%
8.1%
Diluted EPS
$4.67
$5.05
$6.27
-7.5%
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
3,993
3,616
3,236
+10.4%
Capital expenditure
313
303
288
+3.3%
Free cash flow
3,680
3,313
2,948
+11.1%
Free cash flow margin
9.8%
9.3%
8.4%
Cash from investing
-2,526
742
1,621
Cash from financing
-1,526
-4,520
-4,875
Depreciation and amortisation
382
371
366
+3.0%
Share-based compensation
80.0
81.0
88.0
-1.2%
Buybacks
1,337
2,808
2,301
-52.4%
Dividends paid
486
483
477
+0.6%
Dividend per share
$1.32
$1.20
$1.12
+10.0%
Diluted shares, weighted
377m
407m
438m
-7.3%
Shares outstanding at period end
366m
381m
418m
-3.9%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
20,573
20,025
22,304
+2.7%
Debt
6,347
5,124
5,140
+23.9%
Other liabilities
81,690
79,507
81,089
+2.7%
Total liabilities and equity
108,610
104,656
108,533
+3.8%
Fixed assets
1,065
1,024
1,031
+4.0%
Goodwill
1,219
1,219
1,219
0.0%
Investments
4,288
2,122
2,540
+102.1%
Cash and equivalents
436
495
657
-11.9%
Other assets
101,602
99,796
103,086
+1.8%
Total assets
108,610
104,656
108,533
+3.8%
10-K for the year ended 31 December 2016, filed 17 February 2017: the filing.