Allstate (ALL) FY2023 results: revenue $57.1 billion, up 11.1% on the year
Allstate Corp. (ALL) reported revenue of $57.1 billion for fiscal 2023, the year ended 31 December 2023, up 11.1% on the year before. Net income was -$188 million, and diluted earnings per share $-1.20. The figures are the company's own, from the 10-K it filed with the SEC on 21 February 2024.
Revenue
$57.1 billion
+11.1% on the year
FY2016FY2023
Operating margin
-0.6%
-3.6% a year earlier
FY2016FY2023
Net income
-$188 million
FY2016FY2023
Diluted EPS
-$1.20
FY2016FY2023
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
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
4,228
5,121
5,116
-17.4%
Capital expenditure
267
420
345
-36.4%
Free cash flow
3,961
4,701
4,771
-15.7%
Free cash flow margin
6.9%
9.1%
9.4%
Cash from investing
-2,999
-1,728
510
Cash from financing
-1,243
-3,420
-5,240
Depreciation and amortisation
704
847
1,086
-16.9%
Share-based compensation
73.0
93.0
120
-21.5%
Buybacks
335
2,520
3,120
-86.7%
Dividends paid
925
926
885
-0.1%
Dividend per share
$3.56
$3.40
$3.24
+4.7%
Diluted shares, weighted
262m
271m
299m
-3.2%
Shares outstanding at period end
262m
263m
281m
-0.4%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
17,770
17,475
24,944
+1.7%
Non-controlling interest
-140
-125
-52.0
Debt
7,942
7,964
7,976
-0.3%
Other liabilities
77,790
72,643
66,572
+7.1%
Total liabilities and equity
103,362
97,957
99,440
+5.5%
Fixed assets
859
987
939
-13.0%
Goodwill
3,502
3,502
3,502
0.0%
Intangible assets
966
1,005
n/a
-3.9%
Investments
5,144
4,173
4,009
+23.3%
Cash and equivalents
722
736
763
-1.9%
Other assets
92,169
87,554
90,227
+5.3%
Total assets
103,362
97,957
99,440
+5.5%
10-K for the year ended 31 December 2023, filed 21 February 2024: the filing.