AFGC FY 2013 Earnings Report — American Financial Group, Inc. Revenue & Financial Results | Market Cap Arena

American Financial Group, Inc.AFGC

FY 2013 Earnings

Reported February 28, 2014

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2013	Prior Q	FY 2012	QoQ Change	YoY Change
Revenue	$5.0B	—	$4.7B	—	6.4%
Op. Income	$771M	—	$474M	—	62.7%
Gross Margin	101.5%	—	91.4%	—	10.0pp
Net Margin	9.4%	—	10.3%	—	-1.0pp
EPS (Diluted)	$5.16	—	$5.09	—	1.4%
Free Cash Flow	$760M	—	$817M	—	-7.0%

Revenue Flow

Item	Amount
REVENUE	$5.0B
Cost of Revenue	-$74M
GROSS PROFIT	$5.1B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	-$4.4B
Operating Expenses	$4.3B
Cost & Expenses	$4.3B
OPERATING INCOME	$771M
Interest Income	$0
Interest Expense	$71M
Other Income/Expenses	-$75M
INCOME BEFORE TAX	$689M
Income Tax Expense	$236M
Net Income from Continuing Ops	$453M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$471M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$471M
D&A	-$771M
EBIT	$760M
EBITDA	-$11M
EPS	$5
EPS Diluted	$5

Income Statement

Item	Amount
REVENUE	$5.0B
Cost of Revenue	-$74M
GROSS PROFIT	$5.1B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	-$4.4B
Operating Expenses	$4.3B
Cost & Expenses	$4.3B
OPERATING INCOME	$771M
Interest Income	$0
Interest Expense	$71M
Other Income/Expenses	-$75M
INCOME BEFORE TAX	$689M
Income Tax Expense	$236M
Net Income from Continuing Ops	$453M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$471M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$471M
D&A	-$771M
EBIT	$760M
EBITDA	-$11M
EPS	$5
EPS Diluted	$5

Cash Flow Statement

Item	Amount
Net Income	$471M
Depreciation & Amortization	$142M
Stock-Based Compensation	$36M
Deferred Income Tax	$0
Other Non-Cash Items	$51M
Change in Working Capital	$60M
OPERATING CASH FLOW	$760M
Capital Expenditure	$0
Acquisitions (Net)	$0
Purchases of Investments	-$1.4B
Sales/Maturities of Investments	$1.9B
Other Investing Activities	-$2.9B
NET CASH FROM INVESTING	-$2.9B
Net Debt Issuance	-$40M
Common Stock Repurchased	-$70M
Common Dividends Paid	-$71M
Other Financing Activities	$2.4B
NET CASH FROM FINANCING	$2.1B
FREE CASH FLOW	$760M
Net Change in Cash	-$66M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.6B
Short-Term Investments	$0
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.6B
PP&E (Net)	$0
Goodwill	$185M
Intangible Assets	$989M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$39.3B
TOTAL NON-CURRENT ASSETS	$40.4B
TOTAL ASSETS	$42.1B
Account Payables	$0
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$0
Long-Term Debt	$913M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$913M
TOTAL LIABILITIES	$913M
Common Stock	$90M
Additional Paid-In Capital	$1.1B
Retained Earnings	$2.8B
Treasury Stock	$0
Accum. Other Comp. Income	$560M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$4.6B
Minority Interest	$170M
TOTAL EQUITY	$4.8B
TOTAL LIABILITIES & EQUITY	$5.7B
Total Debt	$913M
Net Debt	-$726M