AFG FY 2016 Earnings Report — American Financial Group, Inc. Revenue & Financial Results | Market Cap Arena

American Financial Group, Inc.AFG

FY 2016 Earnings

Reported February 24, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2016	Prior Q	FY 2015	QoQ Change	YoY Change
Revenue	$6.5B	—	$6.1B	—	5.7%
Op. Income	$787M	—	$565M	—	39.3%
Gross Margin	18.7%	—	15.9%	—	2.8pp
Net Margin	10.0%	—	5.7%	—	4.3pp
EPS (Diluted)	$7.33	—	$3.94	—	86.0%
Free Cash Flow	$1.1B	—	$1.4B	—	-22.7%

Revenue Flow

Item	Amount
REVENUE	$6.5B
Cost of Revenue	$5.3B
GROSS PROFIT	$1.2B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$430M
Operating Expenses	$430M
Cost & Expenses	$5.7B
OPERATING INCOME	$787M
Interest Income	$0
Interest Expense	$77M
Other Income/Expenses	$0
INCOME BEFORE TAX	$787M
Income Tax Expense	$119M
Net Income from Continuing Ops	$668M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$649M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$649M
D&A	$134M
EBIT	$864M
EBITDA	$998M
EPS	$7
EPS Diluted	$7

Income Statement

Item	Amount
REVENUE	$6.5B
Cost of Revenue	$5.3B
GROSS PROFIT	$1.2B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$430M
Operating Expenses	$430M
Cost & Expenses	$5.7B
OPERATING INCOME	$787M
Interest Income	$0
Interest Expense	$77M
Other Income/Expenses	$0
INCOME BEFORE TAX	$787M
Income Tax Expense	$119M
Net Income from Continuing Ops	$668M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$649M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$649M
D&A	$134M
EBIT	$864M
EBITDA	$998M
EPS	$7
EPS Diluted	$7

Cash Flow Statement

Item	Amount
Net Income	$649M
Depreciation & Amortization	$134M
Stock-Based Compensation	$28M
Deferred Income Tax	$0
Other Non-Cash Items	$559M
Change in Working Capital	-$220M
OPERATING CASH FLOW	$1.1B
Capital Expenditure	-$49M
Acquisitions (Net)	-$364M
Purchases of Investments	-$10.7B
Sales/Maturities of Investments	$8.2B
Other Investing Activities	-$5M
NET CASH FROM INVESTING	-$3.0B
Net Debt Issuance	$284M
Common Stock Repurchased	-$133M
Common Dividends Paid	-$185M
Other Financing Activities	$2.7B
NET CASH FROM FINANCING	$2.7B
FREE CASH FLOW	$1.1B
Net Change in Cash	$887M

Balance Sheet

Item	Amount
Cash & Equivalents	$2.1B
Short-Term Investments	$0
Net Receivables	$997M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$3.1B
PP&E (Net)	$0
Goodwill	$199M
Intangible Assets	$34M
Long-Term Investments	$39.9B
Tax Assets	$1.0B
Other Non-Current Assets	$8.1B
TOTAL NON-CURRENT ASSETS	$49.4B
TOTAL ASSETS	$52.5B
Account Payables	$0
Short-Term Debt	$0
Deferred Revenue	$1.6B
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$1.6B
Long-Term Debt	$1.3B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$659M
Other Non-Current Liabilities	$44.0B
TOTAL NON-CURRENT LIABILITIES	$45.9B
TOTAL LIABILITIES	$47.5B
Common Stock	$87M
Additional Paid-In Capital	$1.1B
Retained Earnings	$3.3B
Treasury Stock	$0
Accum. Other Comp. Income	$375M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$4.9B
Minority Interest	$3M
TOTAL EQUITY	$4.9B
TOTAL LIABILITIES & EQUITY	$52.5B
Total Debt	$1.3B
Net Debt	-$824M