Ameriprise Financial (AMP) FY2011 results: revenue $10.2 billion, up 6.9% on the year
Ameriprise Financial Inc. (AMP) reported revenue of $10.2 billion for fiscal 2011, the year ended 31 December 2011, up 6.9% on the year before. Net income was $1.1 billion, up 12.8%, and diluted earnings per share $4.53. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2014.
Revenue
$10.2 billion
+6.9% on the year
FY2007FY2011
Operating margin
14.6%
16.1% a year earlier
FY2007FY2011
Net income
$1.1 billion
+12.8% on the year
FY2007FY2011
Diluted EPS
$4.53
+20.2% on the year
FY2007FY2011
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Revenue
10,239
9,582
7,538
+6.9%
Operating income
1,494
1,539
1,061
-2.9%
Operating margin
14.6%
16.1%
14.1%
Pre-tax income
n/a
n/a
920
Income tax
377
293
184
+28.7%
Effective tax rate
n/a
n/a
20.0%
Net income
1,116
989
722
+12.8%
Net margin
10.9%
10.3%
9.6%
Diluted EPS
$4.53
$3.77
$2.95
+20.2%
$ 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
FY2011
FY2010
FY2009
On the year
Last 8 years
Operating cash flow
2,178
1,847
-1,318
+17.9%
Capital expenditure
250
131
83.0
+90.8%
Free cash flow
1,928
1,716
-1,401
+12.4%
Free cash flow margin
18.8%
17.9%
-18.6%
Cash from investing
-1,146
-734
-6,373
Cash from financing
-1,111
-1,343
4,545
Depreciation and amortisation
110
330
435
-66.7%
Share-based compensation
145
158
182
-8.2%
Buybacks
1,495
582
11.0
+156.9%
Dividends paid
212
183
164
+15.8%
Dividend per share
$1.15
$0.71
$0.68
+62.0%
Diluted shares, weighted
246m
262m
244m
-6.1%
Balance sheet
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Shareholders' equity
8,988
10,725
9,273
-16.2%
Non-controlling interest
706
560
603
+26.1%
Deposits
n/a
8,779
n/a
Short-term borrowings
n/a
397
n/a
Debt
n/a
n/a
2,249
Other liabilities
122,613
110,731
101,649
+10.7%
Total liabilities and equity
132,307
131,192
113,774
+0.8%
Fixed assets
774
693
728
+11.7%
Goodwill
1,164
1,161
n/a
+0.3%
Intangible assets
282
325
269
-13.2%
Cash and equivalents
2,781
2,861
3,097
-2.8%
Other assets
127,306
126,152
109,680
+0.9%
Total assets
132,307
131,192
113,774
+0.8%
10-K for the year ended 31 December 2011, filed 27 February 2014: the filing.