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

American Financial Group, Inc.AFGD

FY 2019 Earnings

Reported February 25, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2019	Prior Q	FY 2018	QoQ Change	YoY Change
Revenue	$6.0B	—	$7.0B	—	-14.5%
Op. Income	$5.9B	—	$728M	—	714.1%
Gross Margin	100.0%	—	102.3%	—	-2.3pp
Net Margin	15.0%	—	7.6%	—	7.4pp
EPS (Diluted)	$9.86	—	$5.85	—	68.5%
Free Cash Flow	$2.4B	—	$2.0B	—	20.4%

Revenue Flow

Item	Amount
REVENUE	$6.0B
Cost of Revenue	$0
GROSS PROFIT	$6.0B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$47M
Operating Expenses	$47M
Cost & Expenses	$47M
OPERATING INCOME	$5.9B
Interest Income	$68M
Interest Expense	$68M
Other Income/Expenses	-$5.3B
INCOME BEFORE TAX	$634M
Income Tax Expense	$143M
Net Income from Continuing Ops	$491M
Net Income from Discontinued Ops	$378M
Other Adjustments	$0
NET INCOME	$897M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$519M
D&A	$0
EBIT	$0
EBITDA	$0
EPS	$10
EPS Diluted	$10

Income Statement

Item	Amount
REVENUE	$6.0B
Cost of Revenue	$0
GROSS PROFIT	$6.0B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$47M
Operating Expenses	$47M
Cost & Expenses	$47M
OPERATING INCOME	$5.9B
Interest Income	$68M
Interest Expense	$68M
Other Income/Expenses	-$5.3B
INCOME BEFORE TAX	$634M
Income Tax Expense	$143M
Net Income from Continuing Ops	$491M
Net Income from Discontinued Ops	$378M
Other Adjustments	$0
NET INCOME	$897M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$519M
D&A	$0
EBIT	$0
EBITDA	$0
EPS	$10
EPS Diluted	$10

Cash Flow Statement

Item	Amount
Net Income	$897M
Depreciation & Amortization	$0
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	$883M
Change in Working Capital	$676M
OPERATING CASH FLOW	$2.5B
Capital Expenditure	-$44M
Acquisitions (Net)	$4M
Purchases of Investments	-$11.3B
Sales/Maturities of Investments	$8.3B
Other Investing Activities	-$3M
NET CASH FROM INVESTING	-$3.1B
Net Debt Issuance	$165M
Common Stock Repurchased	$0
Common Dividends Paid	-$444M
Other Financing Activities	$1.7B
NET CASH FROM FINANCING	$1.4B
FREE CASH FLOW	$2.4B
Net Change in Cash	$799M

Balance Sheet

Item	Amount
Cash & Equivalents	$2.3B
Short-Term Investments	$0
Net Receivables	$975M
Inventory	-$3.3B
Other Current Assets	$6.4B
TOTAL CURRENT ASSETS	$6.4B
PP&E (Net)	$158M
Goodwill	$207M
Intangible Assets	$1.1B
Long-Term Investments	$2.8B
Tax Assets	$1.0B
Other Non-Current Assets	$55.2B
TOTAL NON-CURRENT ASSETS	$60.5B
TOTAL ASSETS	$66.9B
Account Payables	$814M
Short-Term Debt	$46M
Deferred Revenue	$0
Other Current Liabilities	$6.8B
TOTAL CURRENT LIABILITIES	$7.7B
Long-Term Debt	$2.6B
Deferred Revenue NC	$42.5B
Deferred Tax Liabilities	$834M
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$52.9B
TOTAL LIABILITIES	$60.6B
Common Stock	$90M
Additional Paid-In Capital	$0
Retained Earnings	$4.0B
Treasury Stock	$0
Accum. Other Comp. Income	$863M
Other Equity	$1.3B
TOTAL STOCKHOLDERS' EQUITY	$6.3B
Minority Interest	$0
TOTAL EQUITY	$6.3B
TOTAL LIABILITIES & EQUITY	$66.9B
Total Debt	$1.7B
Net Debt	-$661M