Ameriprise Financial (AMP) FY2017 results: revenue $12.1 billion, up 2.8% on the year
Ameriprise Financial Inc. (AMP) reported revenue of $12.1 billion for fiscal 2017, the year ended 31 December 2017, up 2.8% on the year before. Net income was $1.5 billion, up 12.6%, and diluted earnings per share $9.44. The figures are the company's own, from the 10-K it filed with the SEC on 23 February 2018.
Revenue
$12.1 billion
+2.8% on the year
FY2010FY2017
Operating margin
18.2%
13.5% a year earlier
FY2010FY2017
Net income
$1.5 billion
+12.6% on the year
FY2010FY2017
Diluted EPS
$9.44
+20.9% on the year
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
12,132
11,800
12,200
+2.8%
Operating income
2,214
1,591
2,172
+39.2%
Operating margin
18.2%
13.5%
17.8%
Pre-tax income
2,214
1,591
n/a
+39.2%
Income tax
734
278
455
+164.0%
Effective tax rate
33.2%
17.5%
n/a
Net income
1,480
1,314
1,562
+12.6%
Net margin
12.2%
11.1%
12.8%
Diluted EPS
$9.44
$7.81
$8.48
+20.9%
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
1,523
2,331
2,691
-34.7%
Capital expenditure
162
92.0
133
+76.1%
Free cash flow
1,361
2,239
2,558
-39.2%
Free cash flow margin
11.2%
19.0%
21.0%
Cash from investing
-171
-783
-509
Cash from financing
-1,785
-1,142
-2,396
Depreciation and amortisation
234
248
248
-5.6%
Share-based compensation
121
134
145
-9.7%
Buybacks
1,485
1,707
1,741
-13.0%
Dividends paid
491
479
465
+2.5%
Dividend per share
$3.24
$2.92
$2.59
+11.0%
Diluted shares, weighted
157m
168m
184m
-6.8%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
5,995
6,292
7,191
-4.7%
Non-controlling interest
3.0
0.0
1,188
Other liabilities
141,472
133,529
136,963
+5.9%
Total liabilities and equity
147,470
139,821
145,342
+5.5%
Fixed assets
626
607
724
+3.1%
Goodwill
1,175
1,104
1,137
+6.4%
Intangible assets
138
108
133
+27.8%
Cash and equivalents
5,144
2,318
2,357
+121.9%
Other assets
140,387
135,684
140,991
+3.5%
Total assets
147,470
139,821
145,342
+5.5%
10-K for the year ended 31 December 2017, filed 23 February 2018: the filing.