AFG Q2 2017 Earnings Report — American Financial Group, Inc. Revenue & Financial Results | Market Cap Arena

American Financial Group, Inc.AFG

Q2 2017 Earnings

Reported August 4, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q2 2017	Q1 2017	Q2 2016	QoQ Change	YoY Change
Revenue	$1.6B	$1.6B	—	4.4%	—
Op. Income	$205M	$223M	—	-8.1%	—
Gross Margin	19.2%	20.9%	—	-1.7pp	—
Net Margin	8.8%	9.7%	—	-0.9pp	—
EPS (Diluted)	$1.61	$1.72	—	-6.4%	—
Free Cash Flow	$650M	-$76M	—	955.3%	—

Revenue Flow

Item	Amount
REVENUE	$1.6B
Cost of Revenue	$1.3B
GROSS PROFIT	$316M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$111M
Operating Expenses	$111M
Cost & Expenses	$1.4B
OPERATING INCOME	$205M
Interest Income	$0
Interest Expense	$23M
Other Income/Expenses	$0
INCOME BEFORE TAX	$205M
Income Tax Expense	$60M
Net Income from Continuing Ops	$145M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$145M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$145M
D&A	$31M
EBIT	$228M
EBITDA	$259M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$1.6B
Cost of Revenue	$1.3B
GROSS PROFIT	$316M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$111M
Operating Expenses	$111M
Cost & Expenses	$1.4B
OPERATING INCOME	$205M
Interest Income	$0
Interest Expense	$23M
Other Income/Expenses	$0
INCOME BEFORE TAX	$205M
Income Tax Expense	$60M
Net Income from Continuing Ops	$145M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$145M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$145M
D&A	$31M
EBIT	$228M
EBITDA	$259M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$145M
Depreciation & Amortization	$31M
Stock-Based Compensation	$6M
Deferred Income Tax	$0
Other Non-Cash Items	$156M
Change in Working Capital	$312M
OPERATING CASH FLOW	$650M
Capital Expenditure	$0
Acquisitions (Net)	$0
Purchases of Investments	-$3.6B
Sales/Maturities of Investments	$2.8B
Other Investing Activities	-$9M
NET CASH FROM INVESTING	-$800M
Net Debt Issuance	$0
Common Stock Repurchased	$0
Common Dividends Paid	-$158M
Other Financing Activities	$613M
NET CASH FROM FINANCING	$467M
FREE CASH FLOW	$650M
Net Change in Cash	$317M

Balance Sheet

Item	Amount
Cash & Equivalents	$2.2B
Short-Term Investments	$37.5B
Net Receivables	$0
Inventory	$1.6B
Other Current Assets	$0
TOTAL CURRENT ASSETS	$3.4B
PP&E (Net)	$0
Goodwill	$199M
Intangible Assets	$30M
Long-Term Investments	$39.5B
Tax Assets	$0
Other Non-Current Assets	$15.5B
TOTAL NON-CURRENT ASSETS	$55.2B
TOTAL ASSETS	$58.6B
Account Payables	$3.1B
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	-$3.1B
TOTAL CURRENT LIABILITIES	$51.9B
Long-Term Debt	$1.4B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$41.9B
TOTAL NON-CURRENT LIABILITIES	$1.4B
TOTAL LIABILITIES	$53.3B
Common Stock	$88M
Additional Paid-In Capital	$1.2B
Retained Earnings	$3.5B
Treasury Stock	$0
Accum. Other Comp. Income	$615M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$5.3B
Minority Interest	$0
TOTAL EQUITY	$5.3B
TOTAL LIABILITIES & EQUITY	$58.6B
Total Debt	$1.4B
Net Debt	-$802M