AFGE FY 2012 Earnings Report — American Financial Group, Inc. Revenue & Financial Results | Market Cap Arena

American Financial Group, Inc.AFGE

FY 2012 Earnings

Reported February 28, 2013

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2012	Prior Q	FY 2011	QoQ Change	YoY Change
Revenue	$4.7B	—	$4.8B	—	-0.7%
Op. Income	$474M	—	$560M	—	-15.4%
Gross Margin	91.4%	—	92.4%	—	-0.9pp
Net Margin	10.3%	—	6.7%	—	3.6pp
EPS (Diluted)	$5.09	—	$3.11	—	63.7%
Free Cash Flow	$746M	—	$581M	—	28.4%

Revenue Flow

Item	Amount
REVENUE	$4.7B
Cost of Revenue	$404M
GROSS PROFIT	$4.3B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$4.1B
Operating Expenses	$4.1B
Cost & Expenses	$4.1B
OPERATING INCOME	$474M
Interest Income	$0
Interest Expense	$85M
Other Income/Expenses	$63M
INCOME BEFORE TAX	$537M
Income Tax Expense	$135M
Net Income from Continuing Ops	$402M
Net Income from Discontinued Ops	$0
Other Adjustments	$86M
NET INCOME	$488M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$488M
D&A	-$474M
EBIT	$612M
EBITDA	$149M
EPS	$5
EPS Diluted	$5

Income Statement

Item	Amount
REVENUE	$4.7B
Cost of Revenue	$404M
GROSS PROFIT	$4.3B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$4.1B
Operating Expenses	$4.1B
Cost & Expenses	$4.1B
OPERATING INCOME	$474M
Interest Income	$0
Interest Expense	$85M
Other Income/Expenses	$63M
INCOME BEFORE TAX	$537M
Income Tax Expense	$135M
Net Income from Continuing Ops	$402M
Net Income from Discontinued Ops	$0
Other Adjustments	$86M
NET INCOME	$488M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$488M
D&A	-$474M
EBIT	$612M
EBITDA	$149M
EPS	$5
EPS Diluted	$5

Cash Flow Statement

Item	Amount
Net Income	$488M
Depreciation & Amortization	$257M
Stock-Based Compensation	$26M
Deferred Income Tax	$0
Other Non-Cash Items	$72M
Change in Working Capital	-$1.3B
OPERATING CASH FLOW	$817M
Capital Expenditure	-$71M
Acquisitions (Net)	$0
Purchases of Investments	-$4.9B
Sales/Maturities of Investments	$2.9B
Other Investing Activities	-$1.4B
NET CASH FROM INVESTING	-$1.4B
Net Debt Issuance	$7M
Common Stock Repurchased	-$415M
Common Dividends Paid	-$90M
Other Financing Activities	$1.4B
NET CASH FROM FINANCING	$989M
FREE CASH FLOW	$746M
Net Change in Cash	$381M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.7B
Short-Term Investments	$0
Net Receivables	$636M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.7B
PP&E (Net)	$68M
Goodwill	$185M
Intangible Assets	$578M
Long-Term Investments	$44M
Tax Assets	$651M
Other Non-Current Assets	-$763M
TOTAL NON-CURRENT ASSETS	$763M
TOTAL ASSETS	$39.2B
Account Payables	$0
Short-Term Debt	$20M
Deferred Revenue	$1.7B
Other Current Liabilities	-$2.1B
TOTAL CURRENT LIABILITIES	$2.2B
Long-Term Debt	$953M
Deferred Revenue NC	$51M
Deferred Tax Liabilities	$902M
Other Non-Current Liabilities	-$953M
TOTAL NON-CURRENT LIABILITIES	$953M
TOTAL LIABILITIES	$953M
Common Stock	$89M
Additional Paid-In Capital	$0
Retained Earnings	$2.6B
Treasury Stock	$0
Accum. Other Comp. Income	$831M
Other Equity	$1.1B
TOTAL STOCKHOLDERS' EQUITY	$4.6B
Minority Interest	$170M
TOTAL EQUITY	$4.7B
TOTAL LIABILITIES & EQUITY	$39.2B
Total Debt	$973M
Net Debt	-$732M