AFG Q2 2019 Earnings Report — American Financial Group, Inc. Revenue & Financial Results | Market Cap Arena

American Financial Group, Inc.AFG

Q2 2019 Earnings

Reported August 8, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q2 2019	Q1 2019	Q2 2018	QoQ Change	YoY Change
Revenue	$2.0B	$2.0B	$1.8B	-3.2%	6.9%
Op. Income	$259M	$413M	$260M	-37.3%	-0.4%
Gross Margin	19.4%	26.6%	19.9%	-7.2pp	-0.5pp
Net Margin	10.7%	16.3%	11.5%	-5.5pp	-0.7pp
EPS (Diluted)	$2.31	$3.63	$2.31	-36.4%	0.0%
Free Cash Flow	$423M	$454M	$432M	-6.8%	-2.1%

Revenue Flow

Item	Amount
REVENUE	$2.0B
Cost of Revenue	$1.6B
GROSS PROFIT	$380M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$121M
Operating Expenses	$121M
Cost & Expenses	$1.7B
OPERATING INCOME	$259M
Interest Income	$0
Interest Expense	$17M
Other Income/Expenses	$0
INCOME BEFORE TAX	$259M
Income Tax Expense	$50M
Net Income from Continuing Ops	$209M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$210M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$210M
D&A	$38M
EBIT	$276M
EBITDA	$314M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$2.0B
Cost of Revenue	$1.6B
GROSS PROFIT	$380M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$121M
Operating Expenses	$121M
Cost & Expenses	$1.7B
OPERATING INCOME	$259M
Interest Income	$0
Interest Expense	$17M
Other Income/Expenses	$0
INCOME BEFORE TAX	$259M
Income Tax Expense	$50M
Net Income from Continuing Ops	$209M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$210M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$210M
D&A	$38M
EBIT	$276M
EBITDA	$314M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$209M
Depreciation & Amortization	$38M
Stock-Based Compensation	$6M
Deferred Income Tax	$0
Other Non-Cash Items	$189M
Change in Working Capital	-$19M
OPERATING CASH FLOW	$423M
Capital Expenditure	$0
Acquisitions (Net)	$0
Purchases of Investments	-$2.6B
Sales/Maturities of Investments	$2.2B
Other Investing Activities	-$6M
NET CASH FROM INVESTING	-$368M
Net Debt Issuance	$0
Common Stock Repurchased	$0
Common Dividends Paid	-$169M
Other Financing Activities	$476M
NET CASH FROM FINANCING	$319M
FREE CASH FLOW	$423M
Net Change in Cash	$374M

Balance Sheet

Item	Amount
Cash & Equivalents	$2.4B
Short-Term Investments	$0
Net Receivables	$1.4B
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$3.8B
PP&E (Net)	$162M
Goodwill	$207M
Intangible Assets	$48M
Long-Term Investments	$51.1B
Tax Assets	$0
Other Non-Current Assets	$8.6B
TOTAL NON-CURRENT ASSETS	$60.1B
TOTAL ASSETS	$63.9B
Account Payables	$0
Short-Term Debt	$0
Deferred Revenue	$2.0B
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$2.0B
Long-Term Debt	$1.6B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$54.0B
TOTAL NON-CURRENT LIABILITIES	$55.8B
TOTAL LIABILITIES	$57.8B
Common Stock	$90M
Additional Paid-In Capital	$1.3B
Retained Earnings	$3.9B
Treasury Stock	$0
Accum. Other Comp. Income	$809M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$6.1B
Minority Interest	$0
TOTAL EQUITY	$6.1B
TOTAL LIABILITIES & EQUITY	$63.9B
Total Debt	$1.8B
Net Debt	-$581M