Allstate (ALL) FY2021 results: revenue $50.6 billion, up 20.7% on the year
Allstate Corp. (ALL) reported revenue of $50.6 billion for fiscal 2021, the year ended 31 December 2021, up 20.7% on the year before. Net income was $1.6 billion, down 71.1%, and diluted earnings per share $4.96. The figures are the company's own, from the 10-K it filed with the SEC on 18 February 2022.
Revenue
$50.6 billion
+20.7% on the year
FY2014FY2021
Operating margin
12.7%
16.2% a year earlier
FY2014FY2021
Net income
$1.6 billion
-71.1% on the year
FY2014FY2021
Diluted EPS
$4.96
-71.3% on the year
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
$ 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
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
5,116
5,491
5,129
-6.8%
Capital expenditure
345
308
433
+12.0%
Free cash flow
4,771
5,183
4,696
-7.9%
Free cash flow margin
9.4%
12.4%
11.3%
Cash from investing
510
-3,441
-2,807
Cash from financing
-5,240
-2,011
-2,483
Depreciation and amortisation
1,086
686
647
+58.3%
Share-based compensation
120
124
105
-3.2%
Buybacks
3,120
1,737
1,735
+79.6%
Dividends paid
885
668
653
+32.5%
Dividend per share
$3.24
$2.16
$2.00
+50.0%
Diluted shares, weighted
299m
316m
334m
-5.2%
Shares outstanding at period end
281m
304m
319m
-7.6%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
24,944
30,217
25,998
-17.5%
Non-controlling interest
-52.0
0.0
n/a
Debt
7,976
7,825
6,631
+1.9%
Other liabilities
66,572
87,945
87,321
-24.3%
Total liabilities and equity
99,440
125,987
119,950
-21.1%
Fixed assets
939
1,057
1,145
-11.2%
Goodwill
3,502
2,369
2,545
+47.8%
Investments
4,009
7,800
4,260
-48.6%
Cash and equivalents
763
311
273
+145.3%
Other assets
90,227
114,450
111,727
-21.2%
Total assets
99,440
125,987
119,950
-21.1%
10-K for the year ended 31 December 2021, filed 18 February 2022: the filing.