Ameriprise Financial (AMP) FY2018 results: revenue $12.8 billion, up 5.8% on the year
Ameriprise Financial Inc. (AMP) reported revenue of $12.8 billion for fiscal 2018, the year ended 31 December 2018, up 5.8% on the year before. Net income was $2.1 billion, up 41.8%, and diluted earnings per share $14.20. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2019.
Revenue
$12.8 billion
+5.8% on the year
FY2011FY2018
Operating margin
19.4%
18.2% a year earlier
FY2011FY2018
Net income
$2.1 billion
+41.8% on the year
FY2011FY2018
Diluted EPS
$14.20
+50.4% on the year
FY2011FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
12,835
12,132
11,800
+5.8%
Operating income
2,484
2,214
1,591
+12.2%
Operating margin
19.4%
18.2%
13.5%
Pre-tax income
2,484
2,214
1,591
+12.2%
Income tax
386
734
278
-47.4%
Effective tax rate
15.5%
33.2%
17.5%
Net income
2,098
1,480
1,314
+41.8%
Net margin
16.3%
12.2%
11.1%
Diluted EPS
$14.20
$9.44
$7.81
+50.4%
$ 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
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
2,597
1,523
2,331
+70.5%
Capital expenditure
162
162
92.0
0.0%
Free cash flow
2,435
1,361
2,239
+78.9%
Free cash flow margin
19.0%
11.2%
19.0%
Cash from investing
-587
-171
-783
Cash from financing
-1,263
-1,785
-1,142
Depreciation and amortisation
198
234
248
-15.4%
Share-based compensation
144
121
134
+19.0%
Buybacks
1,630
1,485
1,707
+9.8%
Dividends paid
506
491
479
+3.1%
Dividend per share
n/a
$3.24
$2.92
Diluted shares, weighted
148m
157m
168m
-5.7%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
5,588
5,995
6,292
-6.8%
Non-controlling interest
n/a
3.0
0.0
Other liabilities
131,628
141,472
133,529
-7.0%
Total liabilities and equity
137,216
147,470
139,821
-7.0%
Fixed assets
635
626
607
+1.4%
Goodwill
1,158
1,175
1,104
-1.4%
Intangible assets
116
138
108
-15.9%
Cash and equivalents
5,883
5,144
2,318
+14.4%
Other assets
129,424
140,387
135,684
-7.8%
Total assets
137,216
147,470
139,821
-7.0%
10-K for the year ended 31 December 2018, filed 27 February 2019: the filing.