Ameriprise Financial (AMP) FY2014 results: revenue $12.3 billion, up 9.5% on the year
Ameriprise Financial Inc. (AMP) reported revenue of $12.3 billion for fiscal 2014, the year ended 31 December 2014, up 9.5% on the year before. Net income was $1.6 billion, up 21.4%, and diluted earnings per share $8.30. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2015.
Revenue
$12.3 billion
+9.5% on the year
FY2007FY2014
Operating margin
20.9%
17.8% a year earlier
FY2007FY2014
Net income
$1.6 billion
+21.4% on the year
FY2007FY2014
Diluted EPS
$8.30
+28.9% on the year
FY2007FY2014
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Revenue
12,296
11,230
10,259
+9.5%
Operating income
2,575
2,001
1,280
+28.7%
Operating margin
20.9%
17.8%
12.5%
Income tax
545
492
335
+10.8%
Net income
1,619
1,334
1,029
+21.4%
Net margin
13.2%
11.9%
10.0%
Diluted EPS
$8.30
$6.44
$4.62
+28.9%
$ 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
FY2014
FY2013
FY2012
On the year
Last 8 years
Operating cash flow
2,399
1,364
1,505
+75.9%
Capital expenditure
113
105
137
+7.6%
Free cash flow
2,286
1,259
1,368
+81.6%
Free cash flow margin
18.6%
11.2%
13.3%
Cash from investing
-715
-802
4,417
Cash from financing
-1,657
-306
-6,342
Depreciation and amortisation
254
239
225
+6.3%
Share-based compensation
130
143
134
-9.1%
Buybacks
1,577
1,583
1,381
-0.4%
Dividends paid
426
401
305
+6.2%
Dividend per share
$2.26
$2.01
$1.15
+12.4%
Diluted shares, weighted
195m
207m
223m
-5.8%
Balance sheet
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Shareholders' equity
8,124
8,192
9,092
-0.8%
Non-controlling interest
1,181
1,040
620
+13.6%
Debt
n/a
n/a
2,904
Other liabilities
139,505
135,344
122,113
+3.1%
Total liabilities and equity
148,810
144,576
134,729
+2.9%
Fixed assets
667
705
753
-5.4%
Goodwill
1,154
1,164
1,174
-0.9%
Intangible assets
159
199
241
-20.1%
Cash and equivalents
2,638
2,632
2,371
+0.2%
Other assets
144,192
139,876
130,190
+3.1%
Total assets
148,810
144,576
134,729
+2.9%
10-K for the year ended 31 December 2014, filed 24 February 2015: the filing.