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

American Financial Group, Inc.AFGD

FY 2018 Earnings

Reported February 26, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2018	Prior Q	FY 2017	QoQ Change	YoY Change
Revenue	$7.0B	—	$6.8B	—	2.8%
Op. Income	$728M	—	$955M	—	-23.8%
Gross Margin	102.3%	—	100.9%	—	1.4pp
Net Margin	7.6%	—	7.0%	—	0.6pp
EPS (Diluted)	$5.85	—	$5.29	—	10.6%
Free Cash Flow	$2.0B	—	$1.7B	—	18.2%

Revenue Flow

Item	Amount
REVENUE	$7.0B
Cost of Revenue	-$161M
GROSS PROFIT	$7.2B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$825M
Operating Expenses	$825M
Cost & Expenses	-$6.4B
OPERATING INCOME	$728M
Interest Income	$0
Interest Expense	$62M
Other Income/Expenses	-$89M
INCOME BEFORE TAX	$639M
Income Tax Expense	$122M
Net Income from Continuing Ops	$517M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$530M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$530M
D&A	$210M
EBIT	$701M
EBITDA	$911M
EPS	$6
EPS Diluted	$6

Income Statement

Item	Amount
REVENUE	$7.0B
Cost of Revenue	-$161M
GROSS PROFIT	$7.2B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$825M
Operating Expenses	$825M
Cost & Expenses	-$6.4B
OPERATING INCOME	$728M
Interest Income	$0
Interest Expense	$62M
Other Income/Expenses	-$89M
INCOME BEFORE TAX	$639M
Income Tax Expense	$122M
Net Income from Continuing Ops	$517M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$530M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$530M
D&A	$210M
EBIT	$701M
EBITDA	$911M
EPS	$6
EPS Diluted	$6

Cash Flow Statement

Item	Amount
Net Income	$530M
Depreciation & Amortization	$210M
Stock-Based Compensation	$23M
Deferred Income Tax	$0
Other Non-Cash Items	$1.5B
Change in Working Capital	$245M
OPERATING CASH FLOW	$2.1B
Capital Expenditure	-$80M
Acquisitions (Net)	-$20M
Purchases of Investments	-$14.0B
Sales/Maturities of Investments	$8.7B
Other Investing Activities	$30M
NET CASH FROM INVESTING	-$5.3B
Net Debt Issuance	$0
Common Stock Repurchased	-$6M
Common Dividends Paid	-$394M
Other Financing Activities	$2.8B
NET CASH FROM FINANCING	$2.4B
FREE CASH FLOW	$2.0B
Net Change in Cash	-$823M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.5B
Short-Term Investments	$0
Net Receivables	$1.1B
Inventory	-$2.6B
Other Current Assets	$0
TOTAL CURRENT ASSETS	$5.2B
PP&E (Net)	$41.7B
Goodwill	$207M
Intangible Assets	$1.7B
Long-Term Investments	$1.8B
Tax Assets	$872M
Other Non-Current Assets	$8.6B
TOTAL NON-CURRENT ASSETS	$54.8B
TOTAL ASSETS	$60.0B
Account Payables	$0
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$6.4B
TOTAL CURRENT LIABILITIES	$7.1B
Long-Term Debt	$1.3B
Deferred Revenue NC	$38.5B
Deferred Tax Liabilities	$507M
Other Non-Current Liabilities	$46.1B
TOTAL NON-CURRENT LIABILITIES	$47.9B
TOTAL LIABILITIES	$55.0B
Common Stock	$89M
Additional Paid-In Capital	$0
Retained Earnings	$3.6B
Treasury Stock	$0
Accum. Other Comp. Income	$48M
Other Equity	$1.2B
TOTAL STOCKHOLDERS' EQUITY	$5.0B
Minority Interest	$2M
TOTAL EQUITY	$5.0B
TOTAL LIABILITIES & EQUITY	$60.0B
Total Debt	$1.3B
Net Debt	-$213M