Allstate (ALL) FY2018 results: revenue $39.8 billion, up 1.0% on the year
Allstate Corp. (ALL) reported revenue of $39.8 billion for fiscal 2018, the year ended 31 December 2018, up 1.0% on the year before. Net income was $2.2 billion, down 39.2%, and diluted earnings per share $5.96. The figures are the company's own, from the 10-K it filed with the SEC on 15 February 2019.
Revenue
$39.8 billion
+1.0% on the year
FY2011FY2018
Operating margin
6.6%
11.5% a year earlier
FY2011FY2018
Net income
$2.2 billion
-39.2% on the year
FY2011FY2018
Diluted EPS
$5.96
-36.3% on the year
FY2011FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
39,815
39,407
37,399
+1.0%
Operating income
2,622
4,529
2,645
-42.1%
Operating margin
6.6%
11.5%
7.1%
Interest expense
332
335
295
-0.9%
Income tax
468
995
842
-53.0%
Net income
2,160
3,554
1,808
-39.2%
Net margin
5.4%
9.0%
4.8%
Diluted EPS
$5.96
$9.35
$4.67
-36.3%
$ 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
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
5,175
4,314
3,993
+20.0%
Capital expenditure
277
299
313
-7.4%
Free cash flow
4,898
4,015
3,680
+22.0%
Free cash flow margin
12.3%
10.2%
9.8%
Cash from investing
-1,719
-1,210
-2,526
Cash from financing
-3,574
-2,923
-1,526
Depreciation and amortisation
511
483
382
+5.8%
Share-based compensation
125
106
80.0
+17.9%
Buybacks
2,303
1,495
1,337
+54.0%
Dividends paid
614
525
486
+17.0%
Dividend per share
$1.84
$1.48
$1.32
+24.3%
Diluted shares, weighted
353m
368m
377m
-4.0%
Shares outstanding at period end
332m
355m
366m
-6.5%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
21,312
22,551
20,573
-5.5%
Debt
6,451
6,350
6,347
+1.6%
Other liabilities
84,486
83,521
81,690
+1.2%
Total liabilities and equity
112,249
112,422
108,610
-0.2%
Fixed assets
1,045
1,072
1,065
-2.5%
Goodwill
2,530
2,181
1,219
+16.0%
Investments
3,027
1,944
4,288
+55.7%
Cash and equivalents
425
617
436
-31.1%
Other assets
105,222
106,608
101,602
-1.3%
Total assets
112,249
112,422
108,610
-0.2%
10-K for the year ended 31 December 2018, filed 15 February 2019: the filing.