Allstate (ALL) FY2019 results: revenue $41.5 billion, up 4.3% on the year
Allstate Corp. (ALL) reported revenue of $41.5 billion for fiscal 2019, the year ended 31 December 2019, up 4.3% on the year before. Net income was $4.8 billion, up 124.4%, and diluted earnings per share $14.03. The figures are the company's own, from the 10-K it filed with the SEC on 21 February 2020.
Revenue
$41.5 billion
+4.3% on the year
FY2012FY2019
Operating margin
13.1%
6.6% a year earlier
FY2012FY2019
Net income
$4.8 billion
+124.4% on the year
FY2012FY2019
Diluted EPS
$14.03
+135.4% on the year
FY2012FY2019
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Revenue
41,541
39,815
39,407
+4.3%
Operating income
5,443
2,622
4,529
+107.6%
Operating margin
13.1%
6.6%
11.5%
Interest expense
327
332
335
-1.5%
Income tax
1,116
468
995
+138.5%
Net income
4,847
2,160
3,554
+124.4%
Net margin
11.7%
5.4%
9.0%
Diluted EPS
$14.03
$5.96
$9.35
+135.4%
$ 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
FY2019
FY2018
FY2017
On the year
Last 8 years
Operating cash flow
5,129
5,175
4,314
-0.9%
Capital expenditure
433
277
299
+56.3%
Free cash flow
4,696
4,898
4,015
-4.1%
Free cash flow margin
11.3%
12.3%
10.2%
Cash from investing
-2,807
-1,719
-1,210
Cash from financing
-2,483
-3,574
-2,923
Depreciation and amortisation
647
511
483
+26.6%
Share-based compensation
105
125
106
-16.0%
Buybacks
1,735
2,303
1,495
-24.7%
Dividends paid
653
614
525
+6.4%
Dividend per share
$2.00
$1.84
$1.48
+8.7%
Diluted shares, weighted
334m
353m
368m
-5.6%
Shares outstanding at period end
319m
332m
355m
-3.9%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
25,998
21,312
22,551
+22.0%
Debt
6,631
6,451
6,350
+2.8%
Other liabilities
87,321
84,486
83,521
+3.4%
Total liabilities and equity
119,950
112,249
112,422
+6.9%
Fixed assets
1,145
1,045
1,072
+9.6%
Goodwill
2,545
2,530
2,181
+0.6%
Investments
4,260
3,027
1,944
+40.7%
Cash and equivalents
273
425
617
-35.8%
Other assets
111,727
105,222
106,608
+6.2%
Total assets
119,950
112,249
112,422
+6.9%
10-K for the year ended 31 December 2019, filed 21 February 2020: the filing.