Ameriprise Financial, Inc. (AMP) Income Statement Analysis

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Complete financial analysis of Ameriprise Financial, Inc. (AMP) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Ameriprise Financial, Inc., a leading company in the Asset Management industry within the Financial Services sector.

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Ameriprise Financial, Inc. (AMP)

Industry: Asset Management

Sector: Financial Services

Website: https://www.ameriprise.com

About Ameriprise Financial, Inc.

Ameriprise Financial, Inc., through its subsidiaries, provides various financial products and services to individual and institutional clients in the United States and internationally. It operates through four segments: Advice & Wealth Management, Asset Management, Retirement & Protection Solutions, and Corporate & Other. The Advice & Wealth Management segment provides financial planning and advice; brokerage products and services for retail and institutional clients; discretionary and non-discretionary investment advisory accounts; mutual funds; insurance and annuities products; cash management and banking products; and face-amount certificates. The Asset Management segment offers investment management and advice, and investment products to retail, high net worth, and institutional clients through unaffiliated third-party financial institutions and institutional sales force. This segment products also include U.S. mutual funds and their non-U.S. equivalents, exchange-traded funds, variable product funds underlying insurance, and annuity separate accounts; and institutional asset management products, such as traditional asset classes, separately managed accounts, individually managed accounts, collateralized loan obligations, hedge funds, collective funds, and property and infrastructure funds. The Retirement & Protection Solutions segment provides variable annuity products to individual clients, as well as life and DI insurance products to retail clients. The company was formerly known as American Express Financial Corporation and changed its name to Ameriprise Financial, Inc. in September 2005. Ameriprise Financial, Inc. was founded in 1894 and is headquartered in Minneapolis, Minnesota.

Metric	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000
Revenue	16.10B	14.27B	13.49B	11.90B	12.75B	12.84B	12.03B	11.70B	12.17B	12.27B	11.20B	10.22B	10.24B	10.05B	7.95B	1.92B	8.65B	8.14B	7.48B	7.25B	6.04B	5.58B	4.74B	6.26B
Cost of Revenue	6.67B	6.86B	5.53B	6.07B	6.46B	6.49B	6.19B	6.19B	5.89B	5.59B	5.09B	4.78B	0.00	0.00	141.00M	0.00	0.00	467.00M	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	9.42B	7.42B	7.96B	5.83B	6.30B	6.34B	5.84B	5.51B	6.28B	6.68B	6.11B	5.44B	10.24B	10.05B	7.81B	1.92B	8.65B	7.67B	7.48B	7.25B	6.04B	5.58B	4.74B	6.26B
Gross Profit Ratio	58.54%	51.97%	58.99%	49.01%	49.38%	49.41%	48.52%	47.07%	51.59%	54.48%	54.59%	53.25%	100.00%	100.00%	98.23%	100.00%	100.00%	94.26%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Research & Development	0.00	0.27	0.25	0.15	0.17	0.19	0.18	0.14	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
General & Administrative	3.87B	3.72B	3.44B	3.12B	3.29B	3.17B	3.05B	2.98B	3.08B	3.10B	2.95B	3.04B	2.97B	2.87B	2.51B	2.44B	2.56B	3.11B	2.65B	2.29B	0.00	0.00	0.00	0.00
Selling & Marketing	5.08B	4.92B	5.02B	4.06B	3.81B	3.64B	3.40B	3.20B	3.28B	3.24B	3.04B	2.70B	2.50B	2.43B	1.78B	1.95B	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SG&A	8.95B	8.65B	8.45B	7.18B	7.10B	6.81B	6.45B	6.18B	6.36B	6.33B	5.98B	5.74B	5.46B	5.26B	4.30B	2.44B	2.56B	3.11B	2.65B	2.29B	0.00	0.00	0.00	0.00
Other Expenses	0.00	-4.11B	-18.97B	-17.53B	-18.90B	3.30B	3.26B	3.79B	3.28B	3.06B	2.97B	2.96B	2.97B	2.45B	2.05B	2.85B	4.59B	3.65B	3.64B	-8.38B	-5.32B	-4.90B	-4.66B	-5.24B
Operating Expenses	8.95B	8.65B	-10.52B	-10.35B	-11.80B	10.11B	9.71B	9.97B	9.64B	9.39B	8.95B	8.70B	8.43B	7.75B	6.35B	7.23B	7.15B	6.77B	6.29B	-6.09B	-5.32B	-4.90B	-4.66B	-5.24B
Cost & Expenses	15.54B	11.09B	10.14B	10.07B	10.52B	10.35B	9.81B	10.10B	10.03B	9.72B	9.23B	8.98B	8.85B	8.41B	7.03B	2.29B	7.64B	7.34B	6.74B	6.07B	-5.32B	-4.90B	-4.66B	-5.24B
Interest Income	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Interest Expense	324.00M	198.00M	191.00M	162.00M	214.00M	245.00M	207.00M	241.00M	387.00M	328.00M	281.00M	276.00M	1.22B	1.27B	1.17B	288.00M	112.00M	116.00M	73.00M	52.00M	0.00	0.00	0.00	0.00
Depreciation & Amortization	203.00M	10.20B	9.93B	9.97B	10.69B	10.18B	9.76B	9.88B	248.00M	254.00M	239.00M	225.00M	110.00M	110.00M	120.00M	933.00M	780.00M	686.00M	295.00M	0.00	0.00	0.00	0.00	0.00
EBITDA	3.76B	3.34B	3.07B	2.27B	2.54B	3.00B	2.77B	2.15B	2.84B	3.17B	2.61B	1.49B	1.70B	1.99B	1.33B	-47.00M	1.43B	1.60B	1.13B	1.87B	725.00M	674.00M	87.00M	1.03B
EBITDA Ratio	23.37%	23.40%	22.73%	14.75%	8.91%	23.50%	22.47%	18.13%	22.04%	22.61%	21.23%	18.66%	18.61%	18.23%	25.86%	6.31%	22.05%	19.64%	15.09%	15.93%	12.00%	12.09%	1.83%	16.37%
Operating Income	0.00	3.38B	2.97B	1.55B	953.00M	2.82B	2.47B	1.31B	1.69B	2.00B	1.48B	903.00M	1.03B	1.72B	1.94B	-812.00M	1.13B	913.00M	834.00M	1.15B	725.00M	674.00M	87.00M	1.03B
Operating Income Ratio	0.00%	23.68%	22.00%	13.01%	7.47%	21.96%	20.53%	11.23%	13.86%	16.32%	13.20%	8.84%	10.06%	17.13%	24.35%	-42.31%	13.03%	11.22%	11.14%	15.93%	12.00%	12.09%	1.83%	16.37%
Total Other Income/Expenses	3.23B	-1.30B	-263.00M	-869.00M	-820.00M	-1.10B	-1.03B	278.00M	455.00M	545.00M	492.00M	335.00M	355.00M	64.00M	-198.00M	-423.00M	-121.00M	797.00M	-387.00M	109.00M	0.00	0.00	0.00	0.00
Income Before Tax	3.23B	3.18B	3.35B	1.83B	2.23B	2.48B	2.21B	1.59B	2.14B	2.55B	1.97B	1.24B	1.39B	1.63B	920.00M	-371.00M	1.02B	797.00M	745.00M	1.17B	0.00	0.00	0.00	0.00
Income Before Tax Ratio	20.09%	22.30%	24.84%	15.39%	17.50%	19.35%	18.41%	13.61%	17.60%	20.76%	17.59%	12.12%	13.53%	16.27%	11.58%	-19.33%	11.74%	9.79%	9.95%	16.19%	0.00%	0.00%	0.00%	0.00%
Income Tax Expense	678.00M	623.00M	590.00M	297.00M	339.00M	386.00M	734.00M	278.00M	455.00M	545.00M	492.00M	335.00M	355.00M	349.00M	183.00M	-333.00M	202.00M	166.00M	187.00M	308.00M	-725.00M	-674.00M	-87.00M	-1.03B
Net Income	2.56B	3.15B	3.42B	1.53B	1.89B	2.10B	1.48B	1.31B	1.56B	1.62B	1.33B	1.03B	1.08B	1.12B	722.00M	-38.00M	814.00M	631.00M	574.00M	794.00M	725.00M	674.00M	87.00M	1.03B
Net Income Ratio	15.88%	22.07%	25.33%	12.89%	14.84%	16.35%	12.31%	11.23%	12.83%	13.20%	11.91%	10.07%	10.51%	11.17%	9.09%	-1.98%	9.41%	7.75%	7.67%	10.96%	12.00%	12.09%	1.83%	16.37%
EPS	25.52	23.08	23.53	12.39	14.12	14.41	9.60	7.90	8.60	8.45	6.56	4.70	4.71	4.36	2.98	-0.17	3.45	2.56	2.32	3.22	2.95	2.74	0.35	4.16
EPS Diluted	23.71	23.08	23.00	12.20	13.92	14.20	9.44	7.81	8.48	8.30	6.44	4.62	4.61	4.28	2.95	-0.17	3.39	2.54	2.32	3.22	2.95	2.74	0.35	4.16
Weighted Avg Shares Out	100.17M	105.28M	110.86M	123.80M	134.10M	145.60M	154.10M	166.30M	181.70M	191.60M	203.20M	218.70M	241.40M	257.34M	242.20M	223.60M	236.20M	246.50M	247.10M	246.58M	245.76M	246.20M	246.20M	246.20M
Weighted Avg Shares Out (Dil)	107.80M	105.28M	110.86M	125.70M	136.00M	147.70M	156.70M	168.20M	184.20M	195.00M	207.10M	222.80M	246.30M	262.15M	244.40M	226.40M	239.90M	248.50M	247.20M	246.58M	245.76M	246.20M	246.20M	246.20M

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Ameriprise Financial, Inc. (AMP) Q3 2024 Earnings Call Transcript

October 24, 2024seekingalpha.com

Ameriprise Financial, Inc. (NYSE:AMP ) Q3 2024 Earnings Call Transcript October 24, 2024 9:00 AM ET Company Participants Alicia Charity - Senior Vice President, Investor Relations Jim Cracchiolo - Chairman and Chief Executive Officer Walter Berman - Chief Financial Officer...