Ameriprise Financial (AMP) FY2019 results: revenue $13.0 billion, up 1.0% on the year
Ameriprise Financial Inc. (AMP) reported revenue of $13.0 billion for fiscal 2019, the year ended 31 December 2019, up 1.0% on the year before. Net income was $1.9 billion, down 9.8%, and diluted earnings per share $13.92. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2020.
Revenue
$13.0 billion
+1.0% on the year
FY2012FY2019
Operating margin
17.2%
19.4% a year earlier
FY2012FY2019
Net income
$1.9 billion
-9.8% on the year
FY2012FY2019
Diluted EPS
$13.92
-2.0% on the year
FY2012FY2019
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Revenue
12,967
12,835
12,132
+1.0%
Operating income
2,232
2,484
2,214
-10.1%
Operating margin
17.2%
19.4%
18.2%
Pre-tax income
2,232
2,484
2,214
-10.1%
Income tax
339
386
734
-12.2%
Effective tax rate
15.2%
15.5%
33.2%
Net income
1,893
2,098
1,480
-9.8%
Net margin
14.6%
16.3%
12.2%
Diluted EPS
$13.92
$14.20
$9.44
-2.0%
$ 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
FY2019
FY2018
FY2017
On the year
Last 8 years
Operating cash flow
2,341
2,597
1,523
-9.9%
Capital expenditure
143
162
162
-11.7%
Free cash flow
2,198
2,435
1,361
-9.7%
Free cash flow margin
17.0%
19.0%
11.2%
Cash from investing
-3,234
-587
-171
Cash from financing
1,214
-1,263
-1,785
Depreciation and amortisation
147
198
234
-25.8%
Share-based compensation
135
144
121
-6.2%
Buybacks
1,943
1,630
1,485
+19.2%
Dividends paid
504
506
491
-0.4%
Dividend per share
n/a
n/a
$3.24
Diluted shares, weighted
136m
148m
157m
-7.9%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
5,911
5,588
5,995
+5.8%
Non-controlling interest
n/a
n/a
3.0
Debt
3,298
n/a
n/a
Other liabilities
142,619
131,628
141,472
+8.4%
Total liabilities and equity
151,828
137,216
147,470
+10.6%
Fixed assets
610
635
626
-3.9%
Goodwill
1,167
1,158
1,175
+0.8%
Intangible assets
113
116
138
-2.6%
Cash and equivalents
6,213
5,883
5,144
+5.6%
Other assets
143,725
129,424
140,387
+11.0%
Total assets
151,828
137,216
147,470
+10.6%
10-K for the year ended 31 December 2019, filed 26 February 2020: the filing.