2015 Q3 Form 10-Q Financial Statement

#000104204615000048 Filed on November 06, 2015

View on sec.gov

Income Statement

Concept 2015 Q3 2014 Q3
Revenue $1.687B $1.581B
YoY Change 6.7% 9.56%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $34.00M $38.00M
YoY Change -10.53% 18.75%
% of Gross Profit
Operating Expenses $1.570B $1.418B
YoY Change 10.72% 10.52%
Operating Profit $99.00M $145.0M
YoY Change -31.72% 2.11%
Interest Expense $18.00M $18.00M
YoY Change 0.0% 0.0%
% of Operating Profit 18.18% 12.41%
Other Income/Expense, Net
YoY Change
Pretax Income $99.00M $145.0M
YoY Change -31.72% 2.11%
Income Tax $33.00M $54.00M
% Of Pretax Income 33.33% 37.24%
Net Earnings $63.00M $116.0M
YoY Change -45.69% 39.76%
Net Earnings / Revenue 3.73% 7.34%
Basic Earnings Per Share $0.72 $1.30
Diluted Earnings Per Share $0.71 $1.28
COMMON SHARES
Basic Shares Outstanding 87.50M shares 89.00M shares
Diluted Shares Outstanding 89.30M shares 90.90M shares

Balance Sheet

Concept 2015 Q3 2014 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $894.0M $1.310B
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $1.241B $1.140B
YoY Change 8.86% 5.75%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill $201.0M $201.0M
YoY Change 0.0% 8.65%
Intangibles
YoY Change
Long-Term Investments $40.57B $36.32B
YoY Change 11.69% 18.72%
Other Assets
YoY Change
Total Long-Term Assets $49.32B $45.41B
YoY Change 8.6% 13.9%
TOTAL ASSETS
Total Short-Term Assets $1.241B $1.140B
Total Long-Term Assets $49.32B $45.41B
Total Assets $50.56B $46.55B
YoY Change 8.6% 13.69%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt $880.0M $1.062B
YoY Change -17.14% 16.32%
Other Long-Term Liabilities $6.166B $5.274B
YoY Change 16.91% 18.17%
Total Long-Term Liabilities $7.046B $6.336B
YoY Change 11.21% 17.86%
TOTAL LIABILITIES
Total Short-Term Liabilities
Total Long-Term Liabilities $7.046B $6.336B
Total Liabilities $45.65B $41.47B
YoY Change 10.07% 14.45%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $1.282B $1.238B
YoY Change 3.55% 3.34%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $4.724B $4.904B
YoY Change
Total Liabilities & Shareholders Equity $50.56B $46.55B
YoY Change 8.6% 13.69%

Cashflow Statement

Concept 2015 Q3 2014 Q3
OPERATING ACTIVITIES
Net Income $63.00M $116.0M
YoY Change -45.69% 39.76%
Depreciation, Depletion And Amortization $34.00M $38.00M
YoY Change -10.53% 18.75%
Cash From Operating Activities $331.0M $175.0M
YoY Change 89.14% -8.85%
INVESTING ACTIVITIES
Capital Expenditures -$33.00M -$14.00M
YoY Change 135.71% 180.0%
Acquisitions
YoY Change
Other Investing Activities -$1.268B -$1.451B
YoY Change -12.61% 102.65%
Cash From Investing Activities -$1.301B -$1.465B
YoY Change -11.19% 103.19%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 648.0M 484.0M
YoY Change 33.88% -17.83%
NET CHANGE
Cash From Operating Activities 331.0M 175.0M
Cash From Investing Activities -1.301B -1.465B
Cash From Financing Activities 648.0M 484.0M
Net Change In Cash -322.0M -806.0M
YoY Change -60.05% -1443.33%
FREE CASH FLOW
Cash From Operating Activities $331.0M $175.0M
Capital Expenditures -$33.00M -$14.00M
Free Cash Flow $364.0M $189.0M
YoY Change 92.59% -4.06%

Facts In Submission

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dei Current Fiscal Year End Date
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dei Document Period End Date
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dei Document Type
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dei Entity Filer Category
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Basis of Presentation&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:10pt;">The accompanying consolidated financial statements for American Financial Group, Inc. and its subsidiaries (&#8220;AFG&#8221;) are unaudited; however, management believes that all adjustments (consisting only of normal recurring accruals unless otherwise disclosed herein) necessary for fair presentation have been made. The results of operations for interim periods are not necessarily indicative of results to be expected for the year. The financial statements have been prepared in accordance with the instructions to Form&#160;10-Q and, therefore, do not include all information and footnotes necessary to be in conformity with U.S. generally accepted accounting principles (&#8220;GAAP&#8221;).</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Certain reclassifications have been made to prior periods to conform to the current year&#8217;s presentation. All significant intercompany balances and transactions have been eliminated. The results of operations of companies since their formation or acquisition are included in the consolidated financial statements. Events or transactions occurring subsequent to </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">September&#160;30, 2015</font><font style="font-family:inherit;font-size:10pt;">, and prior to the filing of this Form 10-Q, have been evaluated for potential recognition or disclosure herein.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of the financial statements requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Changes in circumstances could cause actual results to differ materially from those estimates.</font></div></div>
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