Ameriprise Financial (AMP) FY2016 results: revenue $11.8 billion, down 3.3% on the year

Ameriprise Financial Inc. (AMP) reported revenue of $11.8 billion for fiscal 2016, the year ended 31 December 2016, down 3.3% on the year before. Net income was $1.3 billion, down 15.9%, and diluted earnings per share $7.81. The figures are the company's own, from the 10-K it filed with the SEC on 23 February 2017.

Revenue

$11.8 billion

-3.3% on the year

FY2009FY2016

Operating margin

13.5%

17.8% a year earlier

FY2009FY2016

Net income

$1.3 billion

-15.9% on the year

FY2009FY2016

Diluted EPS

$7.81

-7.9% on the year

FY2009FY2016

this yearthe year beforeHover a bar for its figure.

The year in brief

Income statement (profit and loss)

$ million	FY2016	FY2015	FY2014	On the year
Revenue	11,800	12,200	12,296	-3.3%
Operating income	1,591	2,172	2,575	-26.7%
Operating margin	13.5%	17.8%	20.9%
Pre-tax income	1,591	n/a	n/a
Income tax	278	455	545	-38.9%
Effective tax rate	17.5%	n/a	n/a
Net income	1,314	1,562	1,619	-15.9%
Net margin	11.1%	12.8%	13.2%
Diluted EPS	$7.81	$8.48	$8.30	-7.9%

$ million except per share.

Free 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	FY2016	FY2015	FY2014	On the year
Operating cash flow	2,331	2,691	2,399	-13.4%
Capital expenditure	92.0	133	113	-30.8%
Free cash flow	2,239	2,558	2,286	-12.5%
Free cash flow margin	19.0%	21.0%	18.6%
Cash from investing	-783	-509	-715
Cash from financing	-1,142	-2,396	-1,657
Depreciation and amortisation	248	248	254	0.0%
Share-based compensation	134	145	130	-7.6%
Buybacks	1,707	1,741	1,577	-2.0%
Dividends paid	479	465	426	+3.0%
Dividend per share	$2.92	$2.59	$2.26	+12.7%
Diluted shares, weighted	168m	184m	195m	-8.7%

Balance sheet

$ million	FY2016	FY2015	FY2014	On the year
Shareholders' equity	6,292	7,191	8,124	-12.5%
Non-controlling interest	0.0	1,188	1,181
Other liabilities	133,529	136,963	139,505	-2.5%
Total liabilities and equity	139,821	145,342	148,810	-3.8%
Fixed assets	607	724	667	-16.2%
Goodwill	1,104	1,137	1,154	-2.9%
Intangible assets	108	133	159	-18.8%
Cash and equivalents	2,318	2,357	2,638	-1.7%
Other assets	135,684	140,991	144,192	-3.8%
Total assets	139,821	145,342	148,810	-3.8%

10-K for the year ended 31 December 2016, filed 23 February 2017: the filing.