AFGB Q2 2018 Earnings Report — American Financial Group, Inc. Revenue & Financial Results | Market Cap Arena

American Financial Group, Inc.AFGB

Q2 2018 Earnings

Reported August 3, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q2 2018	Q1 2018	Q2 2017	QoQ Change	YoY Change
Revenue	$1.8B	$1.6B	$1.6B	13.2%	11.5%
Op. Income	$276M	$189M	$228M	46.0%	21.1%
Gross Margin	103.0%	103.1%	103.2%	-0.0pp	-0.2pp
Net Margin	11.8%	9.2%	9.1%	2.6pp	2.7pp
EPS (Diluted)	$2.32	$1.60	$1.61	45.0%	44.1%
Free Cash Flow	$432M	$391M	$650M	10.5%	-33.5%

Revenue Flow

Item	Amount
REVENUE	$1.8B
Cost of Revenue	-$54M
GROSS PROFIT	$1.8B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	-$1.6B
Operating Expenses	$1.5B
Cost & Expenses	$1.5B
OPERATING INCOME	$276M
Interest Income	$0
Interest Expense	$16M
Other Income/Expenses	$25M
INCOME BEFORE TAX	$260M
Income Tax Expense	$52M
Net Income from Continuing Ops	$208M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$210M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$210M
D&A	-$276M
EBIT	$276M
EBITDA	-$14M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$1.8B
Cost of Revenue	-$54M
GROSS PROFIT	$1.8B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	-$1.6B
Operating Expenses	$1.5B
Cost & Expenses	$1.5B
OPERATING INCOME	$276M
Interest Income	$0
Interest Expense	$16M
Other Income/Expenses	$25M
INCOME BEFORE TAX	$260M
Income Tax Expense	$52M
Net Income from Continuing Ops	$208M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$210M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$210M
D&A	-$276M
EBIT	$276M
EBITDA	-$14M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$210M
Depreciation & Amortization	$35M
Stock-Based Compensation	$6M
Deferred Income Tax	$0
Other Non-Cash Items	$142M
Change in Working Capital	$39M
OPERATING CASH FLOW	$432M
Capital Expenditure	$0
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$829M
NET CASH FROM INVESTING	-$829M
Net Debt Issuance	$0
Common Stock Repurchased	$0
Common Dividends Paid	-$29M
Other Financing Activities	$711M
NET CASH FROM FINANCING	$548M
FREE CASH FLOW	$432M
Net Change in Cash	$151M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.8B
Short-Term Investments	$0
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.8B
PP&E (Net)	$0
Goodwill	$199M
Intangible Assets	$1.6B
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$58.2B
TOTAL NON-CURRENT ASSETS	$60.0B
TOTAL ASSETS	$61.8B
Account Payables	$0
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$0
Long-Term Debt	$2.2B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$2.2B
TOTAL LIABILITIES	$2.2B
Common Stock	$89M
Additional Paid-In Capital	$1.2B
Retained Earnings	$3.6B
Treasury Stock	$0
Accum. Other Comp. Income	$147M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$5.1B
Minority Interest	$0
TOTAL EQUITY	$5.1B
TOTAL LIABILITIES & EQUITY	$7.3B
Total Debt	$2.2B
Net Debt	$392M