AFGB Q4 2019 Earnings Report — American Financial Group, Inc. Revenue & Financial Results | Market Cap Arena

American Financial Group, Inc.AFGB

Q4 2019 Earnings

Reported February 25, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q4 2019	Q3 2019	Q4 2018	QoQ Change	YoY Change
Revenue	$2.1B	$2.1B	$1.6B	0.4%	27.3%
Op. Income	$387M	$194M	$4M	99.5%	9575.0%
Gross Margin	63.8%	102.6%	100.0%	-38.8pp	-36.2pp
Net Margin	10.2%	7.1%	-1.8%	3.0pp	11.9pp
EPS (Diluted)	$2.31	$1.61	$-0.32	43.5%	821.9%
Free Cash Flow	$754M	$814M	$806M	-7.4%	-6.5%

Revenue Flow

Item	Amount
REVENUE	$2.1B
Cost of Revenue	$753M
GROSS PROFIT	$1.3B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$189M
Other Expenses	$5.3B
Operating Expenses	$1.8B
Cost & Expenses	$1.8B
OPERATING INCOME	$387M
Interest Income	$0
Interest Expense	$18M
Other Income/Expenses	$1.1B
INCOME BEFORE TAX	$259M
Income Tax Expense	$68M
Net Income from Continuing Ops	$191M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$211M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$211M
D&A	-$387M
EBIT	$277M
EBITDA	-$108M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$2.1B
Cost of Revenue	$753M
GROSS PROFIT	$1.3B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$189M
Other Expenses	$5.3B
Operating Expenses	$1.8B
Cost & Expenses	$1.8B
OPERATING INCOME	$387M
Interest Income	$0
Interest Expense	$18M
Other Income/Expenses	$1.1B
INCOME BEFORE TAX	$259M
Income Tax Expense	$68M
Net Income from Continuing Ops	$191M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$211M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$211M
D&A	-$387M
EBIT	$277M
EBITDA	-$108M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$211M
Depreciation & Amortization	$0
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	$184M
Change in Working Capital	$370M
OPERATING CASH FLOW	$765M
Capital Expenditure	-$11M
Acquisitions (Net)	$1M
Purchases of Investments	-$3.7B
Sales/Maturities of Investments	$2.5B
Other Investing Activities	-$4M
NET CASH FROM INVESTING	-$1.3B
Net Debt Issuance	$44M
Common Stock Repurchased	$0
Common Dividends Paid	-$203M
Other Financing Activities	$295M
NET CASH FROM FINANCING	$143M
FREE CASH FLOW	$754M
Net Change in Cash	-$379M

Balance Sheet

Item	Amount
Cash & Equivalents	$2.3B
Short-Term Investments	$0
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$2.3B
PP&E (Net)	$158M
Goodwill	$207M
Intangible Assets	$1.1B
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$66.4B
TOTAL NON-CURRENT ASSETS	$67.8B
TOTAL ASSETS	$70.1B
Account Payables	$0
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$0
Long-Term Debt	$2.6B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$2.6B
TOTAL LIABILITIES	$2.6B
Common Stock	$90M
Additional Paid-In Capital	$1.3B
Retained Earnings	$4.0B
Treasury Stock	$0
Accum. Other Comp. Income	$863M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$6.3B
Minority Interest	$0
TOTAL EQUITY	$6.3B
TOTAL LIABILITIES & EQUITY	$70.1B
Total Debt	$2.6B
Net Debt	$264M