AFGE FY 2011 Earnings Report — American Financial Group, Inc. Revenue & Financial Results | Market Cap Arena

American Financial Group, Inc.AFGE

FY 2011 Earnings

Reported February 28, 2012

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2011	Prior Q	FY 2010	QoQ Change	YoY Change
Revenue	$4.8B	—	$4.5B	—	5.6%
Op. Income	$560M	—	$689M	—	-18.7%
Gross Margin	92.4%	—	91.6%	—	0.8pp
Net Margin	6.7%	—	9.4%	—	-2.7pp
EPS (Diluted)	$3.11	—	$3.83	—	-18.8%
Free Cash Flow	$581M	—	$790M	—	-26.5%

Revenue Flow

Item	Amount
REVENUE	$4.8B
Cost of Revenue	$363M
GROSS PROFIT	$4.4B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$363M
Operating Expenses	$363M
Cost & Expenses	$4.2B
OPERATING INCOME	$560M
Interest Income	$0
Interest Expense	$85M
Other Income/Expenses	$0
INCOME BEFORE TAX	$560M
Income Tax Expense	$240M
Net Income from Continuing Ops	$319M
Net Income from Discontinued Ops	$0
Other Adjustments	$1M
NET INCOME	$320M
Net Income Deductions	-$22M
BOTTOM LINE NET INCOME	$342M
D&A	$192M
EBIT	$643M
EBITDA	$823M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$4.8B
Cost of Revenue	$363M
GROSS PROFIT	$4.4B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$363M
Operating Expenses	$363M
Cost & Expenses	$4.2B
OPERATING INCOME	$560M
Interest Income	$0
Interest Expense	$85M
Other Income/Expenses	$0
INCOME BEFORE TAX	$560M
Income Tax Expense	$240M
Net Income from Continuing Ops	$319M
Net Income from Discontinued Ops	$0
Other Adjustments	$1M
NET INCOME	$320M
Net Income Deductions	-$22M
BOTTOM LINE NET INCOME	$342M
D&A	$192M
EBIT	$643M
EBITDA	$823M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$320M
Depreciation & Amortization	$192M
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	-$2.8B
Change in Working Capital	$2.9B
OPERATING CASH FLOW	$667M
Capital Expenditure	-$86M
Acquisitions (Net)	$0
Purchases of Investments	-$45M
Sales/Maturities of Investments	$1.3B
Other Investing Activities	-$1.2B
NET CASH FROM INVESTING	-$74M
Net Debt Issuance	-$18M
Common Stock Repurchased	-$315M
Common Dividends Paid	-$67M
Other Financing Activities	$347M
NET CASH FROM FINANCING	-$14M
FREE CASH FLOW	$581M
Net Change in Cash	$225M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.3B
Short-Term Investments	$0
Net Receivables	$895M
Inventory	-$895M
Other Current Assets	$24.3B
TOTAL CURRENT ASSETS	$25.6B
PP&E (Net)	$0
Goodwill	$186M
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$0
TOTAL NON-CURRENT ASSETS	$186M
TOTAL ASSETS	$25.8B
Account Payables	$0
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$0
Long-Term Debt	$934M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$3.4B
TOTAL NON-CURRENT LIABILITIES	$4.3B
TOTAL LIABILITIES	$31.4B
Common Stock	$1.2B
Additional Paid-In Capital	$0
Retained Earnings	$0
Treasury Stock	$0
Accum. Other Comp. Income	$557M
Other Equity	$2.8B
TOTAL STOCKHOLDERS' EQUITY	$4.5B
Minority Interest	$146M
TOTAL EQUITY	$4.7B
TOTAL LIABILITIES & EQUITY	$25.8B
Total Debt	$7.4B
Net Debt	$6.0B