Ameriprise Financial (AMP) FY2013 results: revenue $11.2 billion, up 9.5% on the year
Ameriprise Financial Inc. (AMP) reported revenue of $11.2 billion for fiscal 2013, the year ended 31 December 2013, up 9.5% on the year before. Net income was $1.3 billion, up 29.6%, and diluted earnings per share $6.44. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2014.
Revenue
$11.2 billion
+9.5% on the year
FY2007FY2013
Operating margin
17.8%
12.5% a year earlier
FY2007FY2013
Net income
$1.3 billion
+29.6% on the year
FY2007FY2013
Diluted EPS
$6.44
+39.4% on the year
FY2007FY2013
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Revenue
11,230
10,259
10,239
+9.5%
Operating income
2,001
1,280
1,494
+56.3%
Operating margin
17.8%
12.5%
14.6%
Income tax
492
335
377
+46.9%
Net income
1,334
1,029
1,116
+29.6%
Net margin
11.9%
10.0%
10.9%
Diluted EPS
$6.44
$4.62
$4.53
+39.4%
$ 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
FY2013
FY2012
FY2011
On the year
Last 8 years
Operating cash flow
1,364
1,505
2,178
-9.4%
Capital expenditure
105
137
250
-23.4%
Free cash flow
1,259
1,368
1,928
-8.0%
Free cash flow margin
11.2%
13.3%
18.8%
Cash from investing
-802
4,417
-1,146
Cash from financing
-306
-6,342
-1,111
Depreciation and amortisation
239
225
110
+6.2%
Share-based compensation
143
134
145
+6.7%
Buybacks
1,583
1,381
1,495
+14.6%
Dividends paid
401
305
212
+31.5%
Dividend per share
$2.01
$1.15
$1.15
+74.8%
Diluted shares, weighted
207m
223m
246m
-7.0%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
8,192
9,092
8,988
-9.9%
Non-controlling interest
1,040
620
706
+67.7%
Debt
n/a
2,904
n/a
Other liabilities
135,344
122,113
122,613
+10.8%
Total liabilities and equity
144,576
134,729
132,307
+7.3%
Fixed assets
705
753
774
-6.4%
Goodwill
1,164
1,174
1,164
-0.9%
Intangible assets
199
241
282
-17.4%
Cash and equivalents
2,632
2,371
2,781
+11.0%
Other assets
139,876
130,190
127,306
+7.4%
Total assets
144,576
134,729
132,307
+7.3%
10-K for the year ended 31 December 2013, filed 27 February 2014: the filing.