2011 Q4 Form 10-Q Financial Statement

#000103982811000051 Filed on November 08, 2011

View on sec.gov

Income Statement

Concept 2011 Q4 2011 Q3 2010 Q3
Revenue $422.7M -$30.77M $383.5M
YoY Change -12.74% -108.02% 11.83%
Cost Of Revenue $1.888M $2.128M
YoY Change -11.28%
Gross Profit -$32.66M $381.4M
YoY Change -108.56%
Gross Profit Margin 99.45%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $83.20M -$28.93M $45.80M
YoY Change 24.92% -163.17% -2793.82%
% of Gross Profit 12.01%
Operating Expenses $300.8M $184.0M $228.5M
YoY Change -4.96% -19.47% 182.45%
Operating Profit -$216.7M $152.9M
YoY Change -241.74%
Interest Expense -$44.50M $194.1M -$123.6M
YoY Change -71.1% -257.04% -53.71%
% of Operating Profit -80.86%
Other Income/Expense, Net
YoY Change
Pretax Income $77.40M -$20.71M $31.44M
YoY Change 456.83% -165.86% -716.45%
Income Tax $27.70M -$7.638M $10.93M
% Of Pretax Income 35.79% 34.75%
Net Earnings $49.70M -$13.07M $20.51M
YoY Change 452.21% -163.7% -783.8%
Net Earnings / Revenue 11.76% 5.35%
Basic Earnings Per Share $0.83 -$0.22 $0.35
Diluted Earnings Per Share $0.79 -$0.22 $0.33
COMMON SHARES
Basic Shares Outstanding 59.58M shares 59.60M shares
Diluted Shares Outstanding 62.70M shares

Balance Sheet

Concept 2011 Q4 2011 Q3 2010 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $405.0M $572.3M $664.5M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $8.000M $18.00M $8.000M
YoY Change 33.33% 125.0%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $24.11B $23.22B $18.17B
YoY Change 24.68% 27.82% 15.79%
Other Assets $22.00M $21.00M $61.00M
YoY Change -84.62% -65.57% -57.64%
Total Long-Term Assets $30.87B $29.86B $24.56B
YoY Change 16.83% 21.57%
TOTAL ASSETS
Total Short-Term Assets $8.000M $18.00M $8.000M
Total Long-Term Assets $30.87B $29.86B $24.56B
Total Assets $30.87B $29.88B $24.57B
YoY Change 16.83% 21.61% 15.36%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt $566.0M $609.0M $596.0M
YoY Change -5.51% 2.18% 7.19%
Other Long-Term Liabilities $381.0M $614.0M $616.0M
YoY Change -62.31% -0.32% 19.84%
Total Long-Term Liabilities $947.0M $1.223B $1.212B
YoY Change -41.18% 0.91% 13.27%
TOTAL LIABILITIES
Total Short-Term Liabilities
Total Long-Term Liabilities $947.0M $1.223B $1.212B
Total Liabilities $29.47B $28.52B $23.52B
YoY Change 15.6% 21.23% 14.49%
SHAREHOLDERS EQUITY
Retained Earnings $429.0M $386.2M
YoY Change 22.69%
Common Stock $57.84M $57.86M
YoY Change 1.53%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares 5.617M shares 5.570M shares
Shareholders Equity $1.409B $1.360B $1.046B
YoY Change
Total Liabilities & Shareholders Equity $30.87B $29.88B $24.57B
YoY Change 16.83% 21.61% 15.36%

Cashflow Statement

Concept 2011 Q4 2011 Q3 2010 Q3
OPERATING ACTIVITIES
Net Income $49.70M -$13.07M $20.51M
YoY Change 452.21% -163.7% -783.8%
Depreciation, Depletion And Amortization $83.20M -$28.93M $45.80M
YoY Change 24.92% -163.17% -2793.82%
Cash From Operating Activities $177.8M -$85.50M $121.4M
YoY Change -37.57% -170.43% -25.61%
INVESTING ACTIVITIES
Capital Expenditures -$700.0K -$1.000M -$300.0K
YoY Change 233.33% 0.0%
Acquisitions
YoY Change
Other Investing Activities -$1.192B -$1.060B -$1.043B
YoY Change -17.08% 1.65% 53.56%
Cash From Investing Activities -$1.193B -$1.061B -$1.043B
YoY Change -17.04% 1.73% 53.53%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 847.5M 769.7M 741.1M
YoY Change -21.97% 3.86% 17.32%
NET CHANGE
Cash From Operating Activities 177.8M -85.50M 121.4M
Cash From Investing Activities -1.193B -1.061B -1.043B
Cash From Financing Activities 847.5M 769.7M 741.1M
Net Change In Cash -167.3M -377.2M -180.9M
YoY Change 150.82% 108.51% -256.9%
FREE CASH FLOW
Cash From Operating Activities $177.8M -$85.50M $121.4M
Capital Expenditures -$700.0K -$1.000M -$300.0K
Free Cash Flow $178.5M -$84.50M $121.7M
YoY Change -37.32% -169.43% -25.57%

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us-gaap Other Than Temporary Impairment Losses Investments Portion In Other Comprehensive Income Loss Net Of Tax Including Portion Attributable To Noncontrolling Interest Availableforsale Securities
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2302000 USD
CY2011Q3 us-gaap Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net
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8891000 USD
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17691000 USD
CY2010Q3 us-gaap Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net
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3990000 USD
us-gaap Payments For Derivative Instrument Investing Activities
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295099000 USD
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13000 USD
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50000 USD
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us-gaap Payments To Acquire Available For Sale Securities Equity
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0 USD
us-gaap Payments To Acquire Available For Sale Securities Equity
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us-gaap Payments To Acquire Held To Maturity Securities
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us-gaap Payments To Acquire Mortgage Notes Receivable
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533000 USD
us-gaap Payments To Acquire Other Investments
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77189000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
4643000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
5342000 USD
us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
0 USD
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us-gaap Policy Charges Insurance
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6282000 USD
CY2011Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
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0
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PreferredStockParOrStatedValuePerShare
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CY2011Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
2000000 shares
CY2010Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
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CY2011Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
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PreferredStockSharesOutstanding
0 shares
CY2011Q3 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
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CY2011Q3 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2010Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2010Q3 us-gaap Premiums Earned Net
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3181000 USD
CY2011Q3 us-gaap Premiums Earned Net
PremiumsEarnedNet
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PremiumsEarnedNet
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PremiumsEarnedNet
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3718010000 USD
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406563000 USD
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432411000 USD
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100000000 USD
us-gaap Proceeds From Income Tax Refunds
ProceedsFromIncomeTaxRefunds
0 USD
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15600000 USD
us-gaap Proceeds From Issuance Of Warrants
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0 USD
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1585267000 USD
us-gaap Proceeds From Maturities Prepayments And Calls Of Held To Maturity Securities
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0 USD
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0 USD
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ProceedsFromNotesPayable
200000000 USD
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133560000 USD
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111305000 USD
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2958000 USD
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31665000 USD
us-gaap Proceeds From Sale Of Other Investments
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91000 USD
CY2010Q3 us-gaap Profit Loss
ProfitLoss
20514000 USD
us-gaap Profit Loss
ProfitLoss
33895000 USD
CY2011Q3 us-gaap Profit Loss
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-13068000 USD
us-gaap Profit Loss
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36549000 USD
us-gaap Repayments Of Annuities And Investment Certificates
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1357892000 USD
us-gaap Repayments Of Annuities And Investment Certificates
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1189388000 USD
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
0 USD
us-gaap Repayments Of Notes Payable
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156641000 USD
CY2011Q3 us-gaap Retained Earnings Accumulated Deficit
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386169000 USD
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RetainedEarningsAccumulatedDeficit
349620000 USD
us-gaap Revenues
Revenues
717071000 USD
us-gaap Revenues
Revenues
801213000 USD
CY2010Q3 us-gaap Revenues
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383482000 USD
CY2011Q3 us-gaap Revenues
Revenues
-30771000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
5591000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
6624000 USD
us-gaap Stock Issued During Period Shares Employee Stock Purchase Plans
StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans
44641 shares
us-gaap Stock Issued During Period Shares Employee Stock Purchase Plans
StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans
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us-gaap Stock Issued During Period Shares Share Based Compensation
StockIssuedDuringPeriodSharesShareBasedCompensation
488725 shares
us-gaap Stock Issued During Period Shares Share Based Compensation
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us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
56000 USD
us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
0 USD
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us-gaap Stock Issued During Period Value Employee Stock Ownership Plan
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453000 USD
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
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us-gaap Stock Issued During Period Value Share Based Compensation
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CY2010Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
938047000 USD
CY2011Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1359537000 USD
CY2009Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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CY2010Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1046389000 USD
us-gaap Stockholders Equity Other
StockholdersEquityOther
15600000 USD
CY2011Q3 us-gaap Subordinated Debt
SubordinatedDebt
268552000 USD
CY2010Q4 us-gaap Subordinated Debt
SubordinatedDebt
268435000 USD
us-gaap Transfer Of Other Real Estate
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7408000 USD
us-gaap Transfer Of Other Real Estate
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17358000 USD
CY2010Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
5874392 shares
CY2011Q3 us-gaap Treasury Stock Shares
TreasuryStockShares
5569610 shares
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
1250 shares
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
6300 shares
ael Value Of Subordinated Debentures Converted During Period
ValueOfSubordinatedDebenturesConvertedDuringPeriod
60000 USD
ael Value Of Subordinated Debentures Converted During Period
ValueOfSubordinatedDebenturesConvertedDuringPeriod
0 USD
dei Amendment Flag
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false
dei Current Fiscal Year End Date
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dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2011
dei Document Period End Date
DocumentPeriodEndDate
2011-09-30
dei Document Type
DocumentType
10-Q
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
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us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
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CY2011Q3 ael Available For Sale Equity Securities Cost
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59197000 USD
CY2010Q4 ael Available For Sale Equity Securities Cost
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ael Increase Decrease In Derivative Collateral
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ael Increase Decrease In Derivative Collateral
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ael Increase Decrease In Income Taxes Receivable Payable Net
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11902000 USD
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CY2010Q3 ael Interest Sensitive And Index Product Benefits
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159155000 USD
ael Interest Sensitive And Index Product Benefits
InterestSensitiveAndIndexProductBenefits
584842000 USD
CY2011Q3 ael Interest Sensitive And Index Product Benefits
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223232000 USD
ael Interest Sensitive And Index Product Benefits
InterestSensitiveAndIndexProductBenefits
621317000 USD
ael Mortgage Loan On Real Estate Sold
MortgageLoanOnRealEstateSold
1215000 USD
ael Mortgage Loan On Real Estate Sold
MortgageLoanOnRealEstateSold
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ael Proceeds From Payments To Coinsurance Deposits
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ael Purchase Of Call Spread2015 Notes Hedges
PurchaseOfCallSpread2015NotesHedges
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ael Purchase Of Call Spread2015 Notes Hedges
PurchaseOfCallSpread2015NotesHedges
0 USD
ael Share Based Compensation Including Excess Income Tax Benefits
ShareBasedCompensationIncludingExcessIncomeTaxBenefits
6575000 USD
ael Share Based Compensation Including Excess Income Tax Benefits
ShareBasedCompensationIncludingExcessIncomeTaxBenefits
6800000 USD
dei Entity Central Index Key
EntityCentralIndexKey
0001039828
CY2011Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
59581489 shares
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
dei Entity Registrant Name
EntityRegistrantName
AMERICAN EQUITY INVESTMENT LIFE HOLDING CO

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