Allstate (ALL) FY2020 results: revenue $41.9 billion, up 0.9% on the year
Allstate Corp. (ALL) reported revenue of $41.9 billion for fiscal 2020, the year ended 31 December 2020, up 0.9% on the year before. Net income was $5.6 billion, up 15.0%, and diluted earnings per share $17.31. The figures are the company's own, from the 10-K it filed with the SEC on 22 February 2021.
Revenue
$41.9 billion
+0.9% on the year
FY2013FY2020
Operating margin
16.2%
13.1% a year earlier
FY2013FY2020
Net income
$5.6 billion
+15.0% on the year
FY2013FY2020
Diluted EPS
$17.31
+23.4% on the year
FY2013FY2020
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Revenue
41,909
41,541
39,815
+0.9%
Operating income
6,802
5,443
2,622
+25.0%
Operating margin
16.2%
13.1%
6.6%
Interest expense
318
327
332
-2.8%
Income tax
1,373
1,116
468
+23.0%
Net income
5,576
4,847
2,160
+15.0%
Net margin
13.3%
11.7%
5.4%
Diluted EPS
$17.31
$14.03
$5.96
+23.4%
$ 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
FY2020
FY2019
FY2018
On the year
Last 8 years
Operating cash flow
5,491
5,129
5,175
+7.1%
Capital expenditure
308
433
277
-28.9%
Free cash flow
5,183
4,696
4,898
+10.4%
Free cash flow margin
12.4%
11.3%
12.3%
Cash from investing
-3,441
-2,807
-1,719
Cash from financing
-2,011
-2,483
-3,574
Depreciation and amortisation
686
647
511
+6.0%
Share-based compensation
124
105
125
+18.1%
Buybacks
1,737
1,735
2,303
+0.1%
Dividends paid
668
653
614
+2.3%
Dividend per share
$2.16
$2.00
$1.84
+8.0%
Diluted shares, weighted
316m
334m
353m
-5.4%
Shares outstanding at period end
304m
319m
332m
-4.7%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
30,217
25,998
21,312
+16.2%
Non-controlling interest
0.0
n/a
n/a
Debt
7,825
6,631
6,451
+18.0%
Other liabilities
87,945
87,321
84,486
+0.7%
Total liabilities and equity
125,987
119,950
112,249
+5.0%
Fixed assets
1,057
1,145
1,045
-7.7%
Goodwill
2,369
2,545
2,530
-6.9%
Investments
7,800
4,260
3,027
+83.1%
Cash and equivalents
311
273
425
+13.9%
Other assets
114,450
111,727
105,222
+2.4%
Total assets
125,987
119,950
112,249
+5.0%
10-K for the year ended 31 December 2020, filed 22 February 2021: the filing.