- Ameriprise Financial reported increased earnings for the second quarter of 2007, with net income per share up 42% and adjusted earnings per share up 24%.
- Revenues grew 6% to $2.2 billion, driven by strong growth in fee-based businesses. Expenses rose 5% while income before taxes grew 14%.
- Net income was $196 million, up 39% from the prior year, while adjusted earnings rose 22% to $237 million, reflecting expense controls.
- Ameriprise Financial reported a 14% increase in net income for Q1 2007 to $165 million compared to Q1 2006. Adjusted earnings, which exclude non-recurring separation costs, increased 16% to $220 million.
- Revenues grew 6% to $2.1 billion, driven by 11% growth in management fees and 14% growth in distribution fees. However, net investment income declined 10% due to lower balances in annuity fixed accounts and certificates.
- Earnings growth was achieved through a strategic shift toward fee-based products and greater advisor productivity, though this was partially offset by declines in spread income from annuity and certificate businesses.
- Ameriprise Financial reported a 14% increase in net income for Q3 2007 to $198 million compared to Q3 2006. Adjusted earnings increased 3% to $237 million, excluding separation costs.
- Earnings per share increased 17% to $0.83 for Q3 2007 compared to Q3 2006, while adjusted earnings per share increased 5% to $0.99.
- Revenues grew 11% to $2.2 billion in Q3 2007 driven by strong growth in management fees, distribution fees, and net investment income from hedges.
Capital Product Partners Fourth Quarter 2008 Earningsearningsreport
Capital Product Partners L.P. reported strong fourth quarter 2008 results with net income of $14.3 million and operating surplus of $17.4 million. They announced a non-recurring exceptional cash distribution of $1.05 per unit, returning profit sharing revenues earned in 2008. Despite a weak shipping market outlook, the company has long-term contracts with reputable counterparties and adequate financial reserves to weather uncertain market conditions.
This document is Charter Communications' 2002 Annual Report. It provides financial and operating summaries for the year. Key points include:
- Revenues grew 15% to $4.56 billion while adjusted EBITDA rose 16.4% to $1.796 billion.
- Customer relationships declined to 6.634 million from 6.953 million in 2001. However, revenue generating units rose to 10.422 million.
- High-speed data customers increased significantly to 1.138 million while digital and analog video customers declined slightly.
- The report addresses challenges faced in 2001-2002 including customer losses, financial restatements, and regulatory investigations. However, it emphasizes progress in growing revenues from broadband services
This 2003 annual report summarizes Cummins' financial performance and business highlights for 2003. Some key points:
- Sales increased 8% to $6.3 billion compared to 2002, with net earnings of $50 million.
- The engine business had sales of $3.6 billion, up 6% from 2002. Power generation sales were $1.3 billion, up 8% despite challenging market conditions. Filtration and other business sales reached a record $1.1 billion, up 11%.
- New partnerships and supply agreements were signed to expand the company's customer base. International joint ventures also grew, particularly in China and Asia.
- While markets remained difficult, the company focused on cost
- The company reported financial and operational results for the first quarter of 2007, with pipeline and E&P results on target.
- Pipeline throughput was up 9% from the first quarter of 2006 due to new supply, expansions, power loads, and colder weather. Several pipeline expansion projects were completed or underway.
- E&P production was on target and a South Texas acquisition was completed for $254 million. Exploration continued in Brazil and the organization's capabilities were increased.
HSBC reported financial results for the first half of 2008. Profit before tax was $10.2 billion, down 28% from the first half of 2007. Earnings per share were $0.65, down 32% from the previous year. Loan impairment charges increased 58% to $10.1 billion due to deterioration in credit quality, particularly in North America. However, the bank remained profitable in all regions except North America and maintained a strong capital position with a Tier 1 capital ratio of 8.8%. Global Banking and Markets wrote down $3.9 billion related to subprime and credit market exposures.
The document provides explanatory notes on non-GAAP financial information presented by MetLife. It defines various non-GAAP measures used by MetLife to analyze performance, such as operating earnings and operating return on common equity. These measures exclude items like investment gains and losses and discontinued operations to highlight underlying profitability. The document also includes reconciliations of the non-GAAP measures to the most directly comparable GAAP measures for historical periods.
- Ameriprise Financial reported a 14% increase in net income for Q1 2007 to $165 million compared to Q1 2006. Adjusted earnings, which exclude non-recurring separation costs, increased 16% to $220 million.
- Revenues grew 6% to $2.1 billion, driven by 11% growth in management fees and 14% growth in distribution fees. However, net investment income declined 10% due to lower balances in annuity fixed accounts and certificates.
- Earnings growth was achieved through a strategic shift toward fee-based products and greater advisor productivity, though this was partially offset by declines in spread income from annuity and certificate businesses.
- Ameriprise Financial reported a 14% increase in net income for Q3 2007 to $198 million compared to Q3 2006. Adjusted earnings increased 3% to $237 million, excluding separation costs.
- Earnings per share increased 17% to $0.83 for Q3 2007 compared to Q3 2006, while adjusted earnings per share increased 5% to $0.99.
- Revenues grew 11% to $2.2 billion in Q3 2007 driven by strong growth in management fees, distribution fees, and net investment income from hedges.
Capital Product Partners Fourth Quarter 2008 Earningsearningsreport
Capital Product Partners L.P. reported strong fourth quarter 2008 results with net income of $14.3 million and operating surplus of $17.4 million. They announced a non-recurring exceptional cash distribution of $1.05 per unit, returning profit sharing revenues earned in 2008. Despite a weak shipping market outlook, the company has long-term contracts with reputable counterparties and adequate financial reserves to weather uncertain market conditions.
This document is Charter Communications' 2002 Annual Report. It provides financial and operating summaries for the year. Key points include:
- Revenues grew 15% to $4.56 billion while adjusted EBITDA rose 16.4% to $1.796 billion.
- Customer relationships declined to 6.634 million from 6.953 million in 2001. However, revenue generating units rose to 10.422 million.
- High-speed data customers increased significantly to 1.138 million while digital and analog video customers declined slightly.
- The report addresses challenges faced in 2001-2002 including customer losses, financial restatements, and regulatory investigations. However, it emphasizes progress in growing revenues from broadband services
This 2003 annual report summarizes Cummins' financial performance and business highlights for 2003. Some key points:
- Sales increased 8% to $6.3 billion compared to 2002, with net earnings of $50 million.
- The engine business had sales of $3.6 billion, up 6% from 2002. Power generation sales were $1.3 billion, up 8% despite challenging market conditions. Filtration and other business sales reached a record $1.1 billion, up 11%.
- New partnerships and supply agreements were signed to expand the company's customer base. International joint ventures also grew, particularly in China and Asia.
- While markets remained difficult, the company focused on cost
- The company reported financial and operational results for the first quarter of 2007, with pipeline and E&P results on target.
- Pipeline throughput was up 9% from the first quarter of 2006 due to new supply, expansions, power loads, and colder weather. Several pipeline expansion projects were completed or underway.
- E&P production was on target and a South Texas acquisition was completed for $254 million. Exploration continued in Brazil and the organization's capabilities were increased.
HSBC reported financial results for the first half of 2008. Profit before tax was $10.2 billion, down 28% from the first half of 2007. Earnings per share were $0.65, down 32% from the previous year. Loan impairment charges increased 58% to $10.1 billion due to deterioration in credit quality, particularly in North America. However, the bank remained profitable in all regions except North America and maintained a strong capital position with a Tier 1 capital ratio of 8.8%. Global Banking and Markets wrote down $3.9 billion related to subprime and credit market exposures.
The document provides explanatory notes on non-GAAP financial information presented by MetLife. It defines various non-GAAP measures used by MetLife to analyze performance, such as operating earnings and operating return on common equity. These measures exclude items like investment gains and losses and discontinued operations to highlight underlying profitability. The document also includes reconciliations of the non-GAAP measures to the most directly comparable GAAP measures for historical periods.
- The company reported first quarter 2005 earnings per share of $0.64, up from $0.53 in the first quarter of 2004. This included a one-time recovery and excluded gains from real estate sales.
- Fleet Management Solutions revenue increased 10% and operating revenue grew 5% compared to the prior year, driven by acquisitions and commercial rental growth. This led to a 28% increase in net earnings before tax.
- Supply Chain Solutions revenue rose 8% due to new business, but earnings declined due to lower margins in some automotive accounts. Dedicated Contract Carriage earnings also declined due to contract losses and higher costs.
Quest Diagnostics acquired SmithKline Beecham Clinical Laboratories in 1999, making it the clear leader in diagnostic testing in the US. Net income excluding special items was $41.2 million in 1999 compared to $26.9 million in 1998 due to the acquisition. However, after special items related to the acquisition, the company reported a net loss of $3.4 million. The company's strategy is focused on capitalizing on its position in diagnostic testing, becoming a leading provider of medical information by leveraging its large database of test results, and becoming recognized as the quality leader in healthcare services.
This document is BB&T Corporation's 2005 annual report. It provides financial highlights for 2005, noting that net income increased 6.1% to $1.654 billion and diluted earnings per share grew 7.1% to $3.00. Operating earnings rose 7.2% to $1.674 billion. Cash basis operating earnings, which exclude intangible assets and purchase accounting adjustments, increased 7.1% to $1.763 billion. The report discusses BB&T's strong loan, deposit and balance sheet growth in 2005 and notes the bank hired additional revenue producers and implemented strategies to boost organic account growth.
Bank Of America Fourth Quarter 2008 Resultsearningsreport
Bank of America reported a loss of $1.8 billion for the fourth quarter of 2008. The results were negatively impacted by $4.6 billion in capital markets dislocation charges and a $8.5 billion provision for credit losses, which included a $3 billion increase in loan loss reserves. Despite the loss, pre-provision profits were up in most primary businesses from the third quarter of 2008. Total average deposits grew by $34.3 billion since the prior quarter. The company also raised capital through a common equity offering and funds from the Troubled Asset Relief Program.
- BB&T Corporation reported lower operating earnings for the fourth quarter of 2008 compared to the same period in 2007. Operating earnings available to common shareholders decreased 41.4% to $243 million.
- Net interest income increased 14.2% to $1,132 million due to higher interest income, but this was more than offset by a large increase in the provision for credit losses of $344 million.
- Returns and profitability ratios declined from the prior year, with the return on average common equity decreasing to 7.26% and the efficiency ratio worsening to 51.9%.
Citi reported record quarterly revenues of $25.5 billion, up 15%, and net income of $5.01 billion, down 10% from the prior year. Net income was reduced by an $871 million after-tax charge related to a structural expense review. Excluding this charge, net income was $5.88 billion, down 9% due to higher credit costs and a lower tax benefit. Revenues grew across most business segments, led by a 23% increase in Markets & Banking revenues. Credit costs increased $1.26 billion due to higher net losses and increases to loan loss reserves.
The document provides financial highlights and statistical data for UnumProvident Corporation for the fourth quarter and full year of 2005. Some key details include:
- Total revenue for 2005 was $10.4 billion compared to $10.5 billion in 2004.
- Net income for 2005 was $513.6 million compared to a net loss of $253 million in 2004.
- Total assets increased to $51.9 billion in 2005 from $50.8 billion in 2004, with most of the increase occurring in fixed maturity securities.
- Premium income for 2005 was $7.8 billion, consistent with the prior year.
This document provides details on Celanese Corporation's second quarter 2006 earnings conference call, including an agenda with the CEO and CFO as speakers. It also provides financial highlights for Q2 2006 such as an 11% increase in net sales and an 18% rise in operating EBITDA. Celanese issues guidance for full year 2006 of adjusted EPS between $2.50-$2.80.
AES Corporation reported strong financial results for the second quarter of 2007. Revenues increased 17% to $3.3 billion due to higher prices in New York and Latin America, favorable currency trends, and contributions from new businesses. Operating cash flow increased 19% to $526 million. Diluted EPS from continuing operations was $0.41. Adjusted EPS, which excludes certain non-operational items, was also $0.41. AES acquired over 800 MW of existing and pipeline generation capacity in the US, Turkey, and China during the quarter.
This document provides financial highlights and operating data for ConocoPhillips for the first quarter of 2007 compared to the first quarter of 2006. Some key figures include:
- Net income of $3.546 billion in Q1 2007 compared to $3.291 billion in Q1 2006.
- Oil and gas production increased from the year-ago period, with crude oil production of 840 thousand barrels per day in Q1 2007 versus 777 thousand barrels per day in Q1 2006.
- Capital expenditures and investments totaled $2.847 billion in Q1 2007 compared to $4.514 billion in the same period of 2006.
This annual report summarizes FMC Technologies' financial and operational performance in 2002, their first full year as an independent company.
Key highlights include:
- Earnings before accounting changes increased to $0.96 per share, and revenues grew to $2.07 billion.
- Order backlog increased to $1.15 billion, up from $960.7 million the prior year.
- Energy Systems sales and earnings improved due to strong demand for subsea systems, partially offsetting declines in other product lines.
- The company paid down $97 million in debt since 2001 and eliminated $33 million in lease obligations.
- FMC Technologies' stock price increased over 24% from the time of their
The document is a statistical supplement from UnumProvident for the first quarter of 2005. It provides financial highlights and statistics for UnumProvident for the quarters and years ending March 31, 2005, March 31, 2004 and December 31, 2004 and 2003. Some key figures include total revenue of $2.6 billion for the quarter, net income of $152 million compared to a net loss of $562 million in the prior year quarter, and total assets of $50.8 billion and stockholders' equity of $7.1 billion as of March 31, 2005.
El Paso Corporation reported second quarter 2006 diluted EPS from continuing operations of $0.21, which included a $0.02 gain from production hedges. The company achieved $487 million in EBIT and $1.4 billion in cash flow from operations. El Paso reduced gross debt by $3 billion through July 2006 through strong cash flow and asset sales, bringing net debt down to $14.45 billion. The company made continued progress on legacy legal issues while pipelines, exploration and production, and other businesses performed well during the quarter.
This document discusses General Motors' use of non-GAAP financial measures in its earnings releases and analyst presentations. It provides definitions for four non-GAAP measures - adjusted net income, adjusted earnings before tax, managerial cash flow, and GM North America vehicle revenue per unit. It also lists adjustments made to arrive at these non-GAAP figures from the reported GAAP measures. Management believes the non-GAAP measures provide useful supplemental information for assessing performance and making operational and investment decisions.
Reconciliations 2008 Annual Meeting of Stockholdersfinance6
This document contains reconciliations and summaries of Safeway's financial metrics for 2006-2008, including:
1) Adjusted EPS for 2006-2007 which excludes certain tax adjustments and a tax settlement;
2) Reconciliation of net income to adjusted EBITDA and interest coverage ratios for 2007-2003;
3) Basis point changes in operating profit margin guidance excluding fuel impact;
4) Reconciliation of GAAP cash flow to free cash flow forecasts for 2008-2005.
Hands-On SEO offers tips and advice for helping you improve your website’s visibility in the search engines. It also provides do's and don'ts to help convert more website visitors into leads, while avoiding the common mistakes that cost PPC advertisers money. While targeted mainly at a B2B audience, this presentation is helpful to companies and organizations that deal directly with end users as well.
SEO and Online Marketing - The New Rules for BusinessHans Riemer
Getting found on the Web used to be easy. You'd put up a website, fill it with keyword-rich content, cajole a few links out of your friends and partners, and there you were. SEO (Search Engine Optimization) was a relatively easy and profitable exercise.
Those days are over. Online marketing is now more important than ever, and the rules have changed. The old tricks not only don't work, they can be worse than doing nothing.
Today, the total number of active websites worldwide is approaching 1 Billion. Thats websites, not pages. The odds are against you and getting worse, and not just because of the numbers. Search engines have been sending free customers to your website for years, and theyre not going to give it away anymore.
In SEO and Online Marketing, we're going to take a look at this rapidly evolving landscape. You'll learn what's happening, why it's happening, and what your business needs to do now to compete and win.
Search Engine Marketing - A Business PerspectiveHans Riemer
A management approach to SEO or Search Engine Optimization.
When it comes to SEO, there's no shortage of information on what to do and how to do it. Some of it is quite good, while other information is out of date or flat-out wrong. This presentation, delivered at the North-By-North-Shore conference near Boston in June, 2013, focuses on the overall strategy and issues that senior management must address to be successful with Search Marketing.
The document discusses how businesses can use social media for marketing purposes. It outlines several tactics like advertising on LinkedIn and Facebook to drive traffic, posting jobs on LinkedIn for recruitment, and creating Facebook pages or LinkedIn company pages to promote brands. Some key strategies mentioned are blogging to start conversations, commenting on other blogs, liking and bookmarking content to promote ideas, and examining social media profiles for background checks. Reasons given for why businesses should use social media include providing additional communication channels, increasing online presence, and often being included in blended search results.
This short document provides information about a song titled "Can You Feel the Love Tonight" by Elton John. It was created by Dinisha and includes a link to her SlideShare profile page. The document signals the end of including song information.
- Ameriprise Financial reported net income of $171 million for Q4 2006, up 54% from Q4 2005. Adjusted earnings excluding one-time costs were $251 million, up 30%.
- Revenues grew 16% to $2.2 billion driven by higher fees from increased assets under management and strong sales. Expenses rose 13% primarily due to increased compensation.
- For the full year, income grew 13% to $631 million and adjusted earnings grew 25% to $866 million. The company exceeded its cost savings target for the year.
- The company reported first quarter 2005 earnings per share of $0.64, up from $0.53 in the first quarter of 2004. This included a one-time recovery and excluded gains from real estate sales.
- Fleet Management Solutions revenue increased 10% and operating revenue grew 5% compared to the prior year, driven by acquisitions and commercial rental growth. This led to a 28% increase in net earnings before tax.
- Supply Chain Solutions revenue rose 8% due to new business, but earnings declined due to lower margins in some automotive accounts. Dedicated Contract Carriage earnings also declined due to contract losses and higher costs.
Quest Diagnostics acquired SmithKline Beecham Clinical Laboratories in 1999, making it the clear leader in diagnostic testing in the US. Net income excluding special items was $41.2 million in 1999 compared to $26.9 million in 1998 due to the acquisition. However, after special items related to the acquisition, the company reported a net loss of $3.4 million. The company's strategy is focused on capitalizing on its position in diagnostic testing, becoming a leading provider of medical information by leveraging its large database of test results, and becoming recognized as the quality leader in healthcare services.
This document is BB&T Corporation's 2005 annual report. It provides financial highlights for 2005, noting that net income increased 6.1% to $1.654 billion and diluted earnings per share grew 7.1% to $3.00. Operating earnings rose 7.2% to $1.674 billion. Cash basis operating earnings, which exclude intangible assets and purchase accounting adjustments, increased 7.1% to $1.763 billion. The report discusses BB&T's strong loan, deposit and balance sheet growth in 2005 and notes the bank hired additional revenue producers and implemented strategies to boost organic account growth.
Bank Of America Fourth Quarter 2008 Resultsearningsreport
Bank of America reported a loss of $1.8 billion for the fourth quarter of 2008. The results were negatively impacted by $4.6 billion in capital markets dislocation charges and a $8.5 billion provision for credit losses, which included a $3 billion increase in loan loss reserves. Despite the loss, pre-provision profits were up in most primary businesses from the third quarter of 2008. Total average deposits grew by $34.3 billion since the prior quarter. The company also raised capital through a common equity offering and funds from the Troubled Asset Relief Program.
- BB&T Corporation reported lower operating earnings for the fourth quarter of 2008 compared to the same period in 2007. Operating earnings available to common shareholders decreased 41.4% to $243 million.
- Net interest income increased 14.2% to $1,132 million due to higher interest income, but this was more than offset by a large increase in the provision for credit losses of $344 million.
- Returns and profitability ratios declined from the prior year, with the return on average common equity decreasing to 7.26% and the efficiency ratio worsening to 51.9%.
Citi reported record quarterly revenues of $25.5 billion, up 15%, and net income of $5.01 billion, down 10% from the prior year. Net income was reduced by an $871 million after-tax charge related to a structural expense review. Excluding this charge, net income was $5.88 billion, down 9% due to higher credit costs and a lower tax benefit. Revenues grew across most business segments, led by a 23% increase in Markets & Banking revenues. Credit costs increased $1.26 billion due to higher net losses and increases to loan loss reserves.
The document provides financial highlights and statistical data for UnumProvident Corporation for the fourth quarter and full year of 2005. Some key details include:
- Total revenue for 2005 was $10.4 billion compared to $10.5 billion in 2004.
- Net income for 2005 was $513.6 million compared to a net loss of $253 million in 2004.
- Total assets increased to $51.9 billion in 2005 from $50.8 billion in 2004, with most of the increase occurring in fixed maturity securities.
- Premium income for 2005 was $7.8 billion, consistent with the prior year.
This document provides details on Celanese Corporation's second quarter 2006 earnings conference call, including an agenda with the CEO and CFO as speakers. It also provides financial highlights for Q2 2006 such as an 11% increase in net sales and an 18% rise in operating EBITDA. Celanese issues guidance for full year 2006 of adjusted EPS between $2.50-$2.80.
AES Corporation reported strong financial results for the second quarter of 2007. Revenues increased 17% to $3.3 billion due to higher prices in New York and Latin America, favorable currency trends, and contributions from new businesses. Operating cash flow increased 19% to $526 million. Diluted EPS from continuing operations was $0.41. Adjusted EPS, which excludes certain non-operational items, was also $0.41. AES acquired over 800 MW of existing and pipeline generation capacity in the US, Turkey, and China during the quarter.
This document provides financial highlights and operating data for ConocoPhillips for the first quarter of 2007 compared to the first quarter of 2006. Some key figures include:
- Net income of $3.546 billion in Q1 2007 compared to $3.291 billion in Q1 2006.
- Oil and gas production increased from the year-ago period, with crude oil production of 840 thousand barrels per day in Q1 2007 versus 777 thousand barrels per day in Q1 2006.
- Capital expenditures and investments totaled $2.847 billion in Q1 2007 compared to $4.514 billion in the same period of 2006.
This annual report summarizes FMC Technologies' financial and operational performance in 2002, their first full year as an independent company.
Key highlights include:
- Earnings before accounting changes increased to $0.96 per share, and revenues grew to $2.07 billion.
- Order backlog increased to $1.15 billion, up from $960.7 million the prior year.
- Energy Systems sales and earnings improved due to strong demand for subsea systems, partially offsetting declines in other product lines.
- The company paid down $97 million in debt since 2001 and eliminated $33 million in lease obligations.
- FMC Technologies' stock price increased over 24% from the time of their
The document is a statistical supplement from UnumProvident for the first quarter of 2005. It provides financial highlights and statistics for UnumProvident for the quarters and years ending March 31, 2005, March 31, 2004 and December 31, 2004 and 2003. Some key figures include total revenue of $2.6 billion for the quarter, net income of $152 million compared to a net loss of $562 million in the prior year quarter, and total assets of $50.8 billion and stockholders' equity of $7.1 billion as of March 31, 2005.
El Paso Corporation reported second quarter 2006 diluted EPS from continuing operations of $0.21, which included a $0.02 gain from production hedges. The company achieved $487 million in EBIT and $1.4 billion in cash flow from operations. El Paso reduced gross debt by $3 billion through July 2006 through strong cash flow and asset sales, bringing net debt down to $14.45 billion. The company made continued progress on legacy legal issues while pipelines, exploration and production, and other businesses performed well during the quarter.
This document discusses General Motors' use of non-GAAP financial measures in its earnings releases and analyst presentations. It provides definitions for four non-GAAP measures - adjusted net income, adjusted earnings before tax, managerial cash flow, and GM North America vehicle revenue per unit. It also lists adjustments made to arrive at these non-GAAP figures from the reported GAAP measures. Management believes the non-GAAP measures provide useful supplemental information for assessing performance and making operational and investment decisions.
Reconciliations 2008 Annual Meeting of Stockholdersfinance6
This document contains reconciliations and summaries of Safeway's financial metrics for 2006-2008, including:
1) Adjusted EPS for 2006-2007 which excludes certain tax adjustments and a tax settlement;
2) Reconciliation of net income to adjusted EBITDA and interest coverage ratios for 2007-2003;
3) Basis point changes in operating profit margin guidance excluding fuel impact;
4) Reconciliation of GAAP cash flow to free cash flow forecasts for 2008-2005.
Hands-On SEO offers tips and advice for helping you improve your website’s visibility in the search engines. It also provides do's and don'ts to help convert more website visitors into leads, while avoiding the common mistakes that cost PPC advertisers money. While targeted mainly at a B2B audience, this presentation is helpful to companies and organizations that deal directly with end users as well.
SEO and Online Marketing - The New Rules for BusinessHans Riemer
Getting found on the Web used to be easy. You'd put up a website, fill it with keyword-rich content, cajole a few links out of your friends and partners, and there you were. SEO (Search Engine Optimization) was a relatively easy and profitable exercise.
Those days are over. Online marketing is now more important than ever, and the rules have changed. The old tricks not only don't work, they can be worse than doing nothing.
Today, the total number of active websites worldwide is approaching 1 Billion. Thats websites, not pages. The odds are against you and getting worse, and not just because of the numbers. Search engines have been sending free customers to your website for years, and theyre not going to give it away anymore.
In SEO and Online Marketing, we're going to take a look at this rapidly evolving landscape. You'll learn what's happening, why it's happening, and what your business needs to do now to compete and win.
Search Engine Marketing - A Business PerspectiveHans Riemer
A management approach to SEO or Search Engine Optimization.
When it comes to SEO, there's no shortage of information on what to do and how to do it. Some of it is quite good, while other information is out of date or flat-out wrong. This presentation, delivered at the North-By-North-Shore conference near Boston in June, 2013, focuses on the overall strategy and issues that senior management must address to be successful with Search Marketing.
The document discusses how businesses can use social media for marketing purposes. It outlines several tactics like advertising on LinkedIn and Facebook to drive traffic, posting jobs on LinkedIn for recruitment, and creating Facebook pages or LinkedIn company pages to promote brands. Some key strategies mentioned are blogging to start conversations, commenting on other blogs, liking and bookmarking content to promote ideas, and examining social media profiles for background checks. Reasons given for why businesses should use social media include providing additional communication channels, increasing online presence, and often being included in blended search results.
This short document provides information about a song titled "Can You Feel the Love Tonight" by Elton John. It was created by Dinisha and includes a link to her SlideShare profile page. The document signals the end of including song information.
- Ameriprise Financial reported net income of $171 million for Q4 2006, up 54% from Q4 2005. Adjusted earnings excluding one-time costs were $251 million, up 30%.
- Revenues grew 16% to $2.2 billion driven by higher fees from increased assets under management and strong sales. Expenses rose 13% primarily due to increased compensation.
- For the full year, income grew 13% to $631 million and adjusted earnings grew 25% to $866 million. The company exceeded its cost savings target for the year.
- Ameriprise Financial reported financial results for Q1 2008 with net income of $191 million, up 16% from $165 million in Q1 2007. Earnings per share increased 21% to $0.82.
- Revenues increased 3% to $2.1 billion due to 10% growth in management fees, partially offset by lower investment income. Expenses rose 10% due to higher benefits costs from variable annuities.
- The company repurchased $270 million of stock in Q1 2008 and authorized an additional $1.5 billion repurchase program over the next two years. Challenging markets negatively impacted results but the company maintained a strong balance sheet.
- Aon reported a 6% increase in total revenue and 2% organic revenue growth for Q2 2008. EPS from continuing operations was $0.55.
- Adjusted EPS excluding certain items increased 25% to $0.71, driven by 2% organic revenue growth and margin expansion in brokerage.
- Aon completed sales of CICA and Sterling, generating $2.7B in after-tax proceeds and a $1.4B pretax gain.
- Ameriprise Financial reported net income of $141 million for Q2 2006, down from $149 million in Q2 2005. Adjusted earnings, which exclude certain one-time costs, increased 22% to $195 million.
- Revenue grew 8% to $2.1 billion, driven by a 13% increase in adjusted revenues. Adjusted revenues grew due to increases in management fees, distribution fees, and premiums from strong business performance.
- Adjusted return on equity increased to 10.7% from 10.4% in the previous quarter, reflecting continued improvement in business results and financial targets.
- The company reported financial and operational results for the first quarter of 2007, with pipeline and E&P results on target.
- Pipeline throughput was up 9% from the first quarter of 2006 due to new supply, expansions, power loads, and colder weather. Several pipeline expansion projects were underway.
- E&P production was on target and a South Texas acquisition was completed for $254 million. Exploration continued in Brazil and the production program was on budget.
allstate Quarterly Investor Information 2002 3rd finance7
The Allstate Corporation reported higher net income and operating income in the third quarter of 2002 compared to the same period in 2001. Operating income increased to $548 million from $401 million due primarily to increased property-liability premiums earned, improved auto and homeowners loss frequencies, and lower catastrophe losses. However, these gains were partly offset by reserve strengthening for asbestos and environmental losses and decreased operating income at Allstate Financial. For the full year 2002, Allstate anticipates operating income per share will be between $2.80 to $3.00, excluding restructuring charges.
This document summarizes Raytheon's financial results for the fourth quarter and full year of 2008. Key points include: Raytheon reported solid financial results for Q4 and full year 2008, with record backlog of $38.9 billion; Q4 sales were $6.1 billion and adjusted EPS was $1.13; Full year sales grew 9% to $23.2 billion and adjusted EPS grew 23% to $4.06; Raytheon reaffirmed its financial guidance for 2009 and expects continued growth.
The document provides financial results for Ameriprise Financial for Q3 2006. Key points:
- Net income was $174M, up 39% from prior year. Adjusted earnings excluding one-time costs were $231M, up 29%.
- Revenues grew 6% to $2B driven by higher fees from increased assets in wrap accounts and variable annuities.
- Expenses grew slower than revenues. Compensation increased due to business growth and incentives. Interest expenses fell due to lower fixed annuity balances.
- Assets under management grew 5% to $440B despite selling its recordkeeping business. Strong flows continued in wrap accounts and variable annuities.
This document is a news release from Ameriprise Financial reporting their fourth quarter and full year 2008 financial results. Some key points:
1) Ameriprise reported a net loss of $369 million for Q4 2008 due to losses from investments and charges related to declining markets, compared to net income of $255 million in Q4 2007.
2) Excluding one-time impacts, core operating earnings were $176 million for Q4 2008, down from $262 million in the prior year period.
3) For the full year, Ameriprise reported a net loss of $38 million compared to net income of $814 million in 2007, while core operating earnings declined modestly.
3
allstate Quarterly Investor Information 2002 4th finance7
Allstate reported their fourth quarter and full year 2002 results. Some key highlights:
- Q4 2002 net income was $447 million, up 69% from Q4 2001. Full year 2002 net income was $1.13 billion, down slightly from 2001.
- Q4 2002 operating income was $618 million, up 100% from Q4 2001. Full year 2002 operating income was $2.08 billion, up from $1.49 billion in 2001.
- Results were driven by increased premiums earned, improved loss frequencies, and increased investment income, partly offset by higher claims severities and catastrophe losses.
- For 2003, Allstate expects operating income per share of $3.20-$3
- Citigroup reported a net loss of $2.5 billion in 2Q08, compared to net income of $6.2 billion in 2Q07, as revenues declined 29% while credit costs rose.
- Total revenues were $18.7 billion in 2Q08, down 29% from 2Q07, as non-interest revenues fell 71% due to losses in principal transactions and lower commissions and fees.
- Provisions for credit losses and benefits and claims increased to $7.2 billion in 2Q08 from $2.7 billion in 2Q07, driven by higher loan loss provisions.
- All business segments except Latin America reported lower net income, with Global Cards down
allstate Quarterly Investor Information 2003 1st finance7
Allstate reported strong financial results for the first quarter of 2003, with net income increasing 40% over the prior year to $665 million. Operating income per share increased 39.7% to $0.95, beating analyst estimates. This was driven by improved performance in Property-Liability, with underwriting income up significantly due to higher premiums earned and a lower combined ratio. Results were also boosted by lower realized capital losses. Allstate increased guidance for full-year operating income per share. While Allstate Financial results declined from lower annuity sales and an accounting adjustment, overall performance was solid given economic conditions.
The document is Credit Suisse's condensed consolidated financial statements for the 4th quarter of 2007. It has been revised to reflect a CHF 2.86 billion valuation reduction in certain ABS positions identified by an internal review. This resulted in a CHF 1,177 million reduction to net revenues and CHF 789 million reduction to net income for 4Q07 and full year 2007. The financial statements include consolidated statements of income, balance sheets, changes in shareholders' equity, and notes providing details on accounting policies, business developments, segments, and other financial information.
Dover Corporation reported record results for the first quarter of 2007, with earnings per share increasing 5% over the previous year. Revenue was $1.78 billion, an increase of 18% year-over-year. The company saw strong revenue gains in four of its six segments. Looking forward, Dover expects continued strength in several of its industrial businesses and anticipates full-year revenue and earnings will set new records.
Danaher Corporation announced its second quarter 2007 results, with net earnings of $311 million compared to $314 million in the second quarter of 2006. Sales increased 13.5% to $2.67 billion. For the first six months of 2007, net earnings were $566 million on sales of $5.23 billion, increases of 5.5% and 16.5% respectively over the same period in 2006. The company stated that core revenue growth was 4.5% in the quarter despite difficult comparisons, and that performance through the first half gives them confidence in achieving positive results for the full year.
allstate Quarterly Investor Information 2002 2nd finance7
The Allstate Corporation reported higher net income and operating income in the second quarter of 2002 compared to the same period in 2001. Net income increased to $344 million from $168 million, while operating income rose to $453 million from $230 million. The increases were driven by higher premiums earned, lower catastrophe losses, improved auto and homeowner loss trends, and increased income from Allstate Financial. However, reserves were strengthened for prior claims. For the full year 2002, operating income per share is estimated at $2.70 to $2.90, excluding restructuring charges.
Clear Channel Communications reported financial results for the second quarter of 2007, with revenue increasing 5% to $1.8 billion compared to the second quarter of 2006. Operating expenses grew 6% to $1.1 billion, and income before discontinued operations increased 21% to $208.7 million. By division, radio revenues grew 1% to $918 million while outdoor advertising revenues increased 12% to $837 million. The company also provided an outlook for the third quarter and full year 2007, with radio revenues pacing down 1.5% and 0.2% respectively, while outdoor revenues were pacing up 10.6% for Q3 and 7.2% for the full year.
allstate Quarterly Investor Information 2003 2nd finance7
Allstate reported strong financial results for the second quarter of 2003, with net income increasing 70.9% compared to the second quarter of 2002. Operating income increased 32.2% driven by an improvement in Property-Liability Underwriting income. However, catastrophe losses also increased significantly. Overall results were positively impacted by higher premiums, continued improvement in auto and homeowners claim frequencies, and lower prior year reserve strengthening, despite higher catastrophes. Allstate increased its full year 2003 operating income guidance.
El Paso Corporation reported second quarter 2006 earnings of $0.21 per diluted share from continuing operations. Key highlights included $3 billion in gross debt reduction through July 31, year-to-date capital expenditures of $1.024 billion, and continued strong operating cash flow of $1.421 billion for the first half of 2006. The company's pipelines business continued to outperform while exploration and production achieved a second consecutive quarter of organic production growth.
CC Media Holdings reported its second quarter 2008 results. Revenue increased 2% to $1.83 billion due to foreign exchange movements, while expenses rose 6% to $1.19 billion including foreign exchange effects. Income before discontinued operations increased 28% to $277 million and diluted EPS rose 27% to $0.56. Radio revenue fell 6% due to weakness in advertising, while outdoor revenue rose 9% including foreign exchange effects. The company completed its acquisition of Clear Channel on July 30, 2008.
The 1999 Nordstrom annual report discusses the company's transition to better position itself for future competition. While sales growth was achieved through new store openings, existing store sales did not grow as expected due to excess inventory levels. The company took steps to better align inventory levels with sales. It also streamlined its buying structure to improve accountability and gain leverage in the market. Going forward, Nordstrom aims to generate quality sales growth from both new and existing stores through various new initiatives focused on the customer experience.
The 1999 Nordstrom annual report discusses the company's transition to better position itself for future success and increased competition. Key points include:
- Sales growth was driven by new full-line store openings and Rack store expansion. However, inventory levels had expanded faster than sales.
- The company realigned its buying structure to streamline decision making and gain leverage in the market.
- Initiatives are outlined to drive quality sales growth from existing stores through listening to customers and inspiring brand loyalty.
- The company is well positioned for future growth through new store opportunities and adapting to changing customer demands.
This annual report from Nordstrom provides an overview of the company's financial performance in 2000 and discusses some changes made that year based on customer feedback. It highlights that Nordstrom's greatest asset is its employees and salespeople. The report emphasizes focusing resources on supporting employees and giving them ownership over merchandise selection to best meet customer needs at the local level. It provides examples of top performing salespeople to illustrate Nordstrom's culture of customer service.
This annual report from Nordstrom provides an overview of the company's financial performance in 2000 and discusses some changes made that year based on customer feedback. It highlights that Nordstrom's greatest asset is its employees and salespeople. The report emphasizes focusing resources on supporting employees and giving them ownership over merchandise selection to best meet customer needs at the local level. It provides examples of top performing salespeople to illustrate Nordstrom's culture of customer service.
Nordstrom's 2001 Annual Report provides key financial highlights and performance metrics for the fiscal year. It discusses comparable store sales growth, total sales growth, earnings per share, and other metrics. The report also features interviews with Nordstrom employees discussing how the company is responding to challenges in retail by focusing on great products, customer service, and relationships. Employees discuss benefits of new initiatives like Perpetual Inventory and how Nordstrom transfers its core values to new markets. An operations executive also discusses bringing expenses under control by focusing on the customer experience and leveraging the company's size.
Nordstrom reported financial results for fiscal year 2001 with net sales increasing 1.9% to $5.6 billion and net earnings growing 22.3% to $124.7 million. Nordstrom saw comparable store sales growth and increased sales per square foot. The company focused on offering great styles, value, and customer service during challenging times for retail. Nordstrom implemented Perpetual Inventory to improve inventory management and the customer experience.
The annual report for 2002 provides financial highlights for the company including:
- Net sales increased 6.1% from 2001 to $5.975 billion.
- Earnings before income taxes decreased 4.3% to $195.6 million.
- Net earnings decreased 27.6% to $90.2 million.
The annual report summarizes Nordstrom's financial performance in 2002. Net sales increased 6.1% to $5.975 billion compared to 2001. Earnings before taxes decreased 4.3% to $195.6 million. Net earnings decreased 27.6% to $90.2 million and basic earnings per share decreased 28% to $0.67. Nordstrom made progress increasing sales and reducing expenses as a percentage of sales but recognizes there is still work to be done to reach its goals.
Nordstrom reported strong financial results for fiscal year 2003, with net sales increasing 8.6% to $6.49 billion and net earnings increasing 169.2% to $242.8 million. The company saw improvements in key metrics like gross profit margin and inventory turnover. Nordstrom aims to further enhance the customer experience through new technologies like touchscreen registers and personal book software. The report discusses Nordstrom's focus on listening to customers, providing quality service, and investing in employees and tools to build long-term customer loyalty and competitive advantage.
Nordstrom reported strong financial results for fiscal year 2003, with net sales increasing 8.6% to $6.49 billion and net earnings increasing 169.2% to $242.8 million. The company saw improvements in key metrics like gross profit margin and inventory turnover. Nordstrom aims to further enhance the customer experience through new technologies like touchscreen registers and personal book software. The report discusses Nordstrom's focus on disciplined growth, delivering the right merchandise assortments to each store, and leveraging technology improvements to better serve customers and drive profitable growth.
The document lists various job roles within the fashion retail business, including designers, salespeople, managers, and support staff. It then provides financial highlights and key metrics for Nordstrom, Inc. for the year 2004, including total revenue, net earnings, earnings per share, and total number of employees. The roles listed help illustrate the wide range of positions involved in operating a large retail fashion business.
The document lists various job roles within the fashion retail business of Nordstrom, Inc. It includes designers, salespeople, managers, servers, and other operational roles across the company. The roles support functions like design, sales, store operations, visual merchandising, and supply chain management.
This document is Nordstrom's annual report on Form 10-K filed with the SEC, summarizing its business operations for the fiscal year ended January 31, 2009. It discusses Nordstrom's segments including retail stores, direct, credit, and other. It provides an overview of Nordstrom's operations, including its store count, real estate strategy, brands, suppliers, seasonality, inventory management, and competitive environment. The report also addresses risks to Nordstrom's business from economic conditions, consumer spending, competition, and other factors.
This document is Nordstrom's annual report on Form 10-K for the fiscal year ending January 31, 2009. It provides information on Nordstrom's business operations and financial results. Specifically, [1] it describes Nordstrom's retail operations including its full-line department stores, Nordstrom Rack off-price stores, and clearance stores; [2] it notes that Nordstrom operates 171 stores across 28 U.S. states as of March 2009; and [3] it divides Nordstrom's business into four segments: Retail Stores, Direct, Credit, and Other. The filing also includes details on store openings, financial and operating results, risk factors, properties, legal proceedings, and other disclosures required in an annual
- Nordstrom reported strong financial results for fiscal year 2005 with total sales increasing 8.3% to $7.7 billion and same-store sales growth of 6%. Net earnings increased 40.1% to $551 million compared to 2004.
- The company aims to continue its growth in 2006 by focusing on maximizing sales in women's apparel, providing a seamless shopping experience across channels, and expanding into new markets like Boston.
- Nordstrom's strategies for continuous improvement include testing new store concepts, enhancing its online presence, leveraging technology investments, and refining inventory management tools.
Nordstrom reported strong financial results for fiscal year 2006. Total sales increased 10.8% to a record $8.6 billion and net earnings increased 23% to $678 million. Other highlights included gross profit and earnings before taxes reaching record high percentages of net sales. Nordstrom also announced a $2.8 billion capital plan to fund new stores, remodels, and other customer-facing initiatives to drive further growth. The company is well positioned for future growth given its focus on serving customers through both stores and online channels.
Nordstrom reported strong financial results for fiscal year 2006. Total sales increased 10.8% to a record $8.6 billion, with earnings before taxes exceeding $1 billion for the first time. The gross profit rate was 37.5% and expenses as a percentage of sales improved for the sixth consecutive year. Nordstrom also announced a $2.8 billion capital investment plan focused on new stores, remodels, and technology improvements to enhance the customer experience across channels. The Chairman expressed optimism for Nordstrom's future given its focus on serving customers and executing narrow initiatives through the lens of its values.
The document is Nordstrom's annual report (Form 10-K) filed with the SEC for the fiscal year ended February 2, 2008. It provides an overview of Nordstrom's business segments and operations, discusses competitive conditions and risks. Key points include:
- Nordstrom has four business segments: Retail Stores, Direct, Credit, and Other. Retail Stores and Direct are the main segments.
- In 2007, Nordstrom opened new stores and remodeled existing stores. It also sold its Façonnable boutiques.
- Nordstrom faces competition from other retailers and risks including its ability to respond to fashion trends, effective inventory management, and economic conditions.
The document is Nordstrom's annual report (Form 10-K) filed with the SEC for the fiscal year ended February 2, 2008. It provides an overview of Nordstrom's business segments and operations, discusses competitive conditions and risks. Key points include:
- Nordstrom has four business segments: Retail Stores, Direct, Credit, and Other. Retail Stores and Direct are the main segments.
- In 2007, Nordstrom opened new stores and remodeled existing stores. It also sold its Façonnable boutiques.
- Nordstrom faces competition from other retailers and risks including its ability to respond to fashion trends, effective inventory management, and economic conditions.
This document is Nordstrom's annual report on Form 10-K filed with the SEC, summarizing its business operations for the fiscal year ended January 31, 2009. It discusses Nordstrom's segments including Retail Stores, Direct, Credit, and Other. It provides an overview of Nordstrom's operations including its store count, real estate strategy, and sales by segment. It also outlines the company's trademarks, return policy, seasonality, inventory management, competition, employees, and risk factors associated with its business.
OJP data from firms like Vicinity Jobs have emerged as a complement to traditional sources of labour demand data, such as the Job Vacancy and Wages Survey (JVWS). Ibrahim Abuallail, PhD Candidate, University of Ottawa, presented research relating to bias in OJPs and a proposed approach to effectively adjust OJP data to complement existing official data (such as from the JVWS) and improve the measurement of labour demand.
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1. News Release
Ameriprise Financial Reports Increased Earnings
for Second Quarter 2007
Net income per diluted share increases 42 percent to $0.81 for the quarter, including $0.17
of non-recurring separation costs
Adjusted earnings per diluted share increase 24 percent to $0.98
MINNEAPOLIS – July 25, 2007 – Ameriprise Financial, Inc. (NYSE: AMP) today reported net
income of $196 million for the quarter ended June 30, 2007, an increase of 39 percent from net
income of $141 million for the year-ago quarter. Adjusted earnings(1) increased 22 percent to $237
million in the second quarter of 2007 compared to the second quarter of 2006. Adjusted earnings
exclude after-tax non-recurring separation costs.
Net income per diluted share for the second quarter of 2007 was $0.81, an increase of 42 percent
from the prior year period. Adjusted earnings per diluted share for the second quarter of 2007 were
$0.98, an increase of 24 percent from the year-ago period.
Revenues grew 6 percent to $2.2 billion in the second quarter of 2007. Revenues grew 10 percent
excluding the proceeds from the sale of the defined contribution recordkeeping business in the
prior year quarter. This reflected strong growth of fee-based businesses, including 20 percent
growth in management, financial advice and service fees and 28 percent growth in distribution
fees.
Return on equity for the 12 months ended June 30, 2007 was 9.2 percent, or 12.5 percent when
adjusted for the separation, up from 10.7 percent for the 12 months ended June 30, 2006.
“This was another strong quarter for Ameriprise Financial, highlighted by continued improvements
in advisor productivity and growth in our fee-based businesses,” said Jim Cracchiolo, chairman and
chief executive officer. “We continue to execute our growth strategy while effectively managing
expenses and maintaining a strong balance sheet. The quarter also marked the achievement of
two important milestones – we have essentially completed our separation from American Express
and have returned to net inflows in RiverSource Funds.”
(1)
See reconciliations throughout this news release and definitions in the Second Quarter 2007 Quarterly Statistical Supplement
available on the Company’s website at ir.ameriprise.com.
2. Second Quarter 2007 Summary
Management believes that the presentation of adjusted financial measures best reflects the
underlying performance of the Company’s ongoing operations. The adjusted financial measures
exclude non-recurring separation costs from all periods. This presentation is consistent with the
non-GAAP financial information presented in the Company’s Annual Report on Form 10-K for year-
end 2006, filed on February 27, 2007 with the Securities and Exchange Commission.
Ameriprise Financial, Inc.
Second Quarter Summary
Per Diluted Share
% %
2007 2006 Change 2007 2006 Change
(in millions, unaudited)
Net income $ 196 $ 141 39% $ 0.81 $ 0.57 42%
Add: Separation costs, after-tax 41 54 (24) 0.17 0.22 (23)
Adjusted earnings, after-tax $ 237 $ 195 22% $ 0.98 $ 0.79 24%
2
3. Second Quarter 2007 Consolidated Highlights
The Company continued to drive improvements in the profitability and productivity of its distribution
network:
Mass affluent and affluent client groups increased 12 percent from the year-ago period,
with high rates of financial planning penetration for newly acquired clients in this core
group.
Gross Dealer Concession (GDC) increased 20 percent from the year-ago period,
reflecting strong advisor productivity gains.
Franchisee advisor retention remained strong at 93 percent. The total number of
advisors decreased 2 percent over the same time period, as the Company hired fewer
employee advisors and continued to focus on further strengthening advisor productivity
and distribution economics.
The Company successfully grew client assets:
Owned, managed and administered assets increased 13 percent from the prior-year
period, reaching $484 billion at June 30, 2007.
RiverSource® Funds achieved net inflows of $0.7 billion from mutual funds and annuity
variable accounts, primarily due to increasing sales driven by strong investment
performance, increased penetration of goal-based solutions and effective wholesaling.
$3.5 billion of net inflows in wrap accounts in the quarter contributed to total ending
wrap assets of $89 billion. This included more than $1.1 billion in ending assets in
Active PortfoliosSM, a discretionary managed account platform launched in February
2007, which has been one of the Company’s most successful product launches and
further strengthens its leadership position in wrap.
Strong sales in the branded advisor and third party channels helped drive $1.5 billion in
net inflows in annuity variable accounts. Overall positive annuity flows were impacted by
$1.1 billion in net outflows from annuity fixed accounts during the quarter, primarily due
to the interest rate environment.
Threadneedle grew revenues from higher-margin retail and alternative portfolios while
effectively managing expenses. Threadneedle continued to manage outflows in lower-
margin institutional assets, primarily resulting from Zurich’s transfer of part of its U.K.
annuity business during the quarter.
Life insurance in-force increased 8 percent year-over-year to $181 billion.
The Company has essentially completed its separation from American Express on budget and on
schedule. All remaining separation costs are expected to be incurred in the second half of 2007.
3
4. Ameriprise Financial, Inc.
Consolidated Income Statements
Quarter Ended
June 30, %
2007 2006 Change
(in millions, unaudited)
Revenues
Management, financial advice and service fees $ 863 $ 721 20 %
Distribution fees 415 325 28
Net investment income 485 522 (7)
Premiums 243 229 6
Other revenues 176 256 (31)
Total revenues 2,182 2,053 6
Expenses
Compensation and benefits:
Field 538 436 23
Non-field 367 330 11
Total compensation and benefits 905 766 18
Interest credited to account values 303 307 (1)
Benefits, claims, losses and settlement expenses 230 225 2
Amortization of deferred acquisition costs 125 153 (18)
Interest and debt expense 32 28 14
Other expenses 279 304 (8)
Total expenses before separation costs 1,874 1,783 5
Income before income tax provision
and separation costs(1) 308 270 14
Income tax provision before tax benefit
attributable to separation costs(1) 71 75 (5)
(1)
Income before separation costs 237 195 22
Separation costs, after-tax(1) 41 54 (24)
Net income $ 196 $ 141 39 %
Weighted average common shares outstanding:
Basic 237.4 246.3 (4)%
Diluted 241.0 248.0 (3)%
(1)
For this non-GAAP presentation of separation costs, after-tax is calculated using the statutory tax rate of 35%, adjusted for
permanent differences, if any.
4
5. Second Quarter 2007 Consolidated Results
Net income grew 39 percent to $196 million. Adjusted earnings grew 22 percent to $237 million,
compared to the year-ago quarter. This reflected strong growth in fee-based businesses and
expense controls resulting in pretax income margin improving to 11.2 percent compared to 9.1
percent a year ago. Excluding separation costs, pretax income margin improved to 14.1 percent
from 13.2 percent.
Revenues
Consolidated revenues rose 6 percent, or $129 million, to $2.2 billion. Revenues grew 10 percent
excluding the proceeds from the sale of the recordkeeping business in the prior-year quarter.
Management, financial advice and service fees grew 20 percent, or $142 million, to $863 million,
reflecting continued success in gathering fee-based assets. Wrap account balances grew 34
percent and annuity variable account assets grew 35 percent year-over-year. These balances were
driven by strong net inflows and market appreciation.
Distribution fees grew 28 percent, or $90 million, to $415 million, driven by strong advisor cash
sales, including an increase in sales of direct investments as clients reinvested proceeds from real
estate investment trust liquidations.
Net investment income declined 7 percent, or $37 million, to $485 million, reflecting the ongoing
trend of declining annuity fixed account and certificate balances, offset by higher net investment
income attributable to derivatives used to hedge certain benefits and interest credited expenses.
The second quarter of 2007 also included $2 million in net realized investment gains, compared to
$6 million for the second quarter of 2006.
Premiums grew 6 percent, or $14 million, to $243 million, primarily driven by an increase in Auto
and Home policy counts.
Other revenues declined 31 percent, or $80 million, to $176 million, primarily due to the inclusion of
$66 million in proceeds from the sale of the recordkeeping business and $18 million from
recognizing previously deferred cost of insurance revenues in last year’s quarter. Excluding these
items, revenues increased 2 percent, as higher fees from variable annuity riders and cost of
insurance for variable universal life/universal life (VUL/UL) insurance were offset by lower other
revenues on certain consolidated limited partnerships.
Expenses
Consolidated expenses rose 5 percent, or $91 million, to $1.9 billion. Expenses grew 7 percent
when excluding the costs from the sale of the recordkeeping business in the second quarter of
2006. The increase in expenses was primarily due to a $102 million increase in Compensation and
benefits -- field driven by business growth and strong advisor productivity.
The Company manages Compensation and benefits -- non-field and Other expenses in relation to
revenue growth to drive pretax income margin expansion. Combined, these two lines increased 2
percent, or $12 million, to $646 million. Declines related to lower legal and transaction costs were
largely offset by a number of other items in the current quarter, such as expenses for Ameriprise
Bank, increased investment in the business, and higher accrued compensation in recognition of
year-to-date performance.
5
6. Compensation and benefits – Field increased 23 percent, or $102 million, to $538 million, due to
strong advisor productivity growth.
Interest credited to account values declined 1 percent, or $4 million, to $303 million, reflecting
continued declines in annuity fixed account and certificate balances, partially offset by higher
crediting rates.
Benefits, claims, losses and settlement expenses increased 2 percent, or $5 million, to $230
million. Volume-driven increases in Auto and Home were offset by the positive impact of markets
on variable annuity benefits expenses. The second quarter of 2006 included a net reserve benefit.
Amortization of deferred acquisition cost (DAC) expenses declined 18 percent, or $28 million, to
$125 million. The favorable impact of equity markets in the current quarter offset growth in DAC
amortization from new product sales. Higher expenses in the second quarter of 2006 primarily
reflected an adjustment to DAC balances in Auto and Home.
Interest and debt expense increased 14 percent, or $4 million, to $32 million, reflecting additional
interest costs from the $500 million of junior subordinated notes (hybrid securities) issued in May
2006.
Separation costs incurred in the quarter were $63 million. Since the announcement of the
spin-off, the Company has incurred $802 million in non-recurring separation costs and
expects to incur all remaining costs in the second half of 2007.
Taxes
The effective tax rate on net income was 20.0 percent for the quarter, down from 24.3 percent in
the prior year period. The effective tax rate on adjusted earnings was 23.1 percent for the quarter
and 25.0 percent year to date, compared to 25.2 percent for full year 2006. The current quarter
included a benefit from the finalization of certain income tax audits.
6
7. Balance Sheet and Capital
The Company maintains a very strong, high quality balance sheet. During the second
quarter of 2007, the Company repurchased 2.3 million shares for approximately $142 million.
Over the past six quarters, the Company repurchased 18.9 million shares for $964 million.
The quarter-end basic share count was 236.6 million. The weighted average diluted share
count for the second quarter of 2007 was 241.0 million, down from 248.0 million for the
second quarter of 2006.
The Company’s commitment to maintaining the safety and soundness of its balance sheet is
reflected in substantial liquidity, a high quality investment portfolio, low financial leverage and
its continuing actions to manage and mitigate risk exposures.
Cash and cash equivalents were more than $3.3 billion, at June 30, 2007.
The quality of the Available-for-Sale fixed income investment portfolio, representing
approximately 25 percent of balance sheet assets, remained high.
Investments with subprime exposure represented only 0.7 percent of the
o
Company’s total investment portfolio with more than 90 percent rated AAA
and the remainder rated AA.
The percentage of below investment grade assets declined to 6 percent.
o
The residential mortgage-backed bond portfolio remains very high quality,
o
with high credit ratings and limited interest rate and prepayment risk.
o Credit risk remained limited with 96 percent rated AAA and 4 percent
rated AA.
o Duration was 2.7 years and convexity was a favorable -0.5.
Unrealized net investment losses in the Available-for-Sale investment portfolio were
$0.6 billion at quarter end.
The debt to capital ratio as of June 30, 2007 was 22.4 percent. The debt to capital
ratio excluding non-recourse debt and with 75 percent equity credit for the hybrid
securities was 16.9 percent. For the second quarter of 2007 the ratio of earnings to
fixed charges was 6.9 times. Excluding interest on non-recourse debt, the ratio of
earnings to fixed charges was 7.6 times.
7
8. Ameriprise Financial, Inc.
Segment Results
Quarter Ended
June 30, %
2007 2006 Change
(in millions, unaudited)
Revenues
Asset Accumulation & Income $ 1,616 $ 1,493 8%
Protection 508 496 2
Corporate and Other and Eliminations 58 64 (9)
Total revenues 2,182 2,053 6
Income (loss)
Asset Accumulation & Income 278 222 25
Protection 102 92 11
Corporate and Other and Eliminations (135) (128) (5)
Income before income tax provision 245 186 32
Pretax separation expenses 63 84 (25)
Income before income tax provision and separation costs $ 308 $ 270 14 %
Second Quarter 2007 Segment Results
The AA&I segment reported pretax income growth of 25 percent, or $56 million, to $278 million,
due to strong wrap and variable annuity inflows, strong advisor cash sales, and market
appreciation. The segment represented 74 percent of consolidated revenues and 90 percent of
pretax adjusted earnings. Revenues grew 8 percent, or $123 million, to $1.6 billion. Excluding the
proceeds from the sale of the recordkeeping business in the second quarter of last year, revenue
growth was 13 percent. Revenues also reflected declining net investment income from lower
annuity fixed account and certificate balances.
The Protection segment reported pretax income growth of 11 percent, or $10 million, to $102
million, primarily due to continued business growth in VUL/UL and Auto and Home. The segment
represented 23 percent of consolidated revenues and 33 percent of pretax adjusted earnings.
Revenues grew 2 percent, or $12 million, to $508 million, primarily reflecting growth in Auto and
Home premiums. The prior year quarter included $18 million from recognizing previously deferred
cost of insurance revenues. Excluding this item, revenues grew 6 percent.
The Corporate segment revenue decrease of 9 percent, or $6 million, primarily reflected lower net
investment income from the mark-to-market of equity market hedges. The pretax loss in this
segment increased $7 million to $135 million. Adjusted for non-recurring separation costs, the
pretax loss increased $28 million to $72 million, primarily reflecting an increase in Other expenses.
The second quarter of 2006 included $11 million in severance charges.
8
9. Ameriprise Financial, Inc. is a leading financial planning and services company with more than
12,000 financial advisors and registered representatives that provides solutions for clients’ asset
accumulation, income management and insurance protection needs. The Company’s financial
advisors deliver tailored solutions to clients through a comprehensive and personalized financial
planning approach built on a long-term relationship with a knowledgeable advisor. The Company
specializes in meeting the retirement-related financial needs of the mass affluent and affluent.
Financial advisory services and investments are available through Ameriprise Financial Services,
Inc. Member NASD and SIPC. For more information, visit ameriprise.com.
RiverSource mutual funds are distributed by RiverSource Distributors, Inc. and Ameriprise
Financial Services, Inc., Members NASD, and managed by RiverSource Investments, LLC.
The Threadneedle group of companies constitutes the Ameriprise Financial international
investment platform. The group consists of wholly owned subsidiaries of Ameriprise Financial, Inc.
and provides services independent from Ameriprise Financial Services, Inc., including Ameriprise
Financial Services’ broker-dealer business.
Ameriprise Certificates are issued by Ameriprise Certificate Company and distributed by
Ameriprise Financial Services, Inc. Member NASD.
Ameriprise Financial Services, Inc. offers financial advisory services, investments, insurance and
annuity products. RiverSource Insurance and Annuity products are issued by RiverSource Life
Insurance Company, and in New York only by RiverSource Life Insurance Co. of New York,
Albany, New York. Only RiverSource Life Insurance Co. of New York is authorized to sell
insurance and annuity products in the state of New York. These companies are all part of
Ameriprise Financial, Inc.
You should consider the investment objectives, risks, charges and expenses of a mutual fund
before investing. For a free copy of a prospectus, which contains this and other information about
the mutual fund, call (800) 862-7919. Read the prospectus carefully before investing.
Investment products, including shares of mutual funds, are not federally or FDIC insured, are not
deposits or obligations of, or guaranteed by, any financial institution and involve investment risks
including possible loss of principal and fluctuation in value.
Forward-Looking Statements
This news release contains forward-looking statements that reflect the Company’s plans, estimates
and beliefs. Actual results could differ materially from those described in these forward-looking
statements. The Company has made various forward-looking statements in this news release.
Examples of such forward-looking statements include:
statements of plans, intentions, expectations, objectives or goals, including those relating to
asset flows, mass affluent and affluent client acquisition strategy, the establishment of the
Company’s new brands and competitive environment;
statements about future economic performance, the performance of equity markets and interest
rate variations and the economic performance of the United States; and
statements of assumptions underlying such statements.
The words “believe,” “expect,” “anticipate,” “optimistic,” “intend,” “plan,” “aim,” “will,” “may,”
“should,” “could,” “would,” “likely” and similar expressions are intended to identify forward-looking
statements but are not the exclusive means of identifying such statements. Forward-looking
statements are subject to risks and uncertainties, which could cause actual results to differ
materially from such statements.
9
10. Such factors include, but are not limited to:
changes in the interest rate and equity market environments;
changes in the litigation and regulatory environment, including ongoing legal proceedings and
regulatory actions;
investment management performance and consumer acceptance of the Company’s products;
effects of competition in the financial services industry and changes in product distribution mix
and distribution channels;
the Company’s capital structure as a stand-alone company, including ratings and
indebtedness, and limitations on subsidiaries to pay dividends;
risks of default by issuers of investments the Company owns or by counterparties to derivative
or reinsurance arrangements;
experience deviations from assumptions regarding morbidity, mortality and persistency in
certain annuity and insurance products;
the impact of the separation from American Express;
the impacts of the Company’s efforts to improve distribution economics and to grow third-party
distribution of its products, and the ability to establish the Company’s new brands; and
general economic and political factors, including consumer confidence in the economy.
Readers are cautioned that the foregoing list of factors is not exhaustive. There may also be other
risks that the Company is unable to predict at this time that may cause actual results to differ
materially from those in forward-looking statements. Readers are cautioned not to place undue
reliance on these forward-looking statements, which speak only as of the date on which they are
made. The Company undertakes no obligation to update publicly or revise any forward-looking
statements. The foregoing list of factors should be read in conjunction with the “Risk Factors”
discussion included as Part 1, Item 1A of the Company’s Annual Report on Form 10-K filed with
the SEC on February 27, 2007.
The financial results discussed in this release represent past performance only, which may not be
used to predict or project future results. For information about Ameriprise Financial entities, please
refer to the Second Quarter 2007 Statistical Supplement available at ir.ameriprise.com.
Contacts
Investor Relations: Media Relations:
Laura Gagnon Paul Johnson
Ameriprise Financial Ameriprise Financial
612.671.2080 612.671.0625
laura.c.gagnon@ampf.com paul.w.johnson@ampf.com
Mary Baranowski Benjamin Pratt
Ameriprise Financial Ameriprise Financial
212.437.8624 612.678.5881
mary.baranowski@ampf.com benjamin.j.pratt@ampf.com
10
11. Ameriprise Financial, Inc.
Reconciliation Table: Selected Adjusted Consolidated Income Data to GAAP
(in millions, unaudited) Three Months Ended June 30, 2007
Presented Before
Separation Cost Difference
Impacts in Attributable to
Reported Separation GAAP
Financials Equivalent
Line item in non-GAAP presentation Costs GAAP Line Item
$ 2,182 $ — $ 2,182
Total revenues (GAAP measure) Total revenues
1,874 63 1,937 Total expenses
Total expenses before separation costs
Income before income tax provision and Income before
308 (63) 245
separation costs income tax provision
Income tax provision before tax benefit
(1)
71 (22) 49
attributable to separation costs Income tax provision
237
Income before separation costs
(1)
41
Separation costs, after-tax
$ 196 $ 196
Net Income (GAAP measure) Net Income
(1)
For this non-GAAP presentation of separation costs, after-tax is calculated using the statutory tax rate of 35%, adjusted for
permanent differences, if any.
Ameriprise Financial, Inc.
Reconciliation Table: Selected Adjusted Consolidated Income Data to GAAP
Three Months Ended June 30, 2006
Presented Before
Separation Cost Difference
Impacts in Attributable to
Reported Separation GAAP
Line item in non-GAAP presentation Financials Costs Equivalent GAAP Line Item
$ 2,053 $ — $ 2,053
Total revenues (GAAP measure) Total revenues
1,783 84 1,867
Total expenses before separation costs Total expenses
Income before income tax provision and Income before
270 (84) 186
separation costs income tax provision
Income tax provision before tax benefit
(1)
75 (30) 45
attributable to separation costs Income tax provision
195
Income before separation costs
(1)
54
Separation costs, after-tax
$ 141 $ 141
Net Income (GAAP measure) Net Income
(1)
For this non-GAAP presentation of separation costs, after-tax is calculated using the statutory tax rate of 35%, adjusted for
permanent differences, if any.
11
12. Ameriprise Financial, Inc.
Return on Equity Calculation for the 12 Months Ended June 30, 2007
Adjusted ROE(1)
ROE Adjustments
(in millions, unaudited)
Return $ 706 $ 233 $ 939
Equity $ 7,649 $ (158) $ 7,491
Return on Equity 9.2% 12.5%
(1)
Adjusted return on equity calculated using adjusted earnings (income excluding non-recurring separation costs) in the numerator,
and equity excluding equity allocated to expected non-recurring separation costs as of the last day of the preceding four quarters and
the current quarter in the denominator.
Return on equity calculations use the trailing twelve months' return, and equity calculated using a five point average of
quarter-end equity.
Ameriprise Financial, Inc.
Return on Equity Calculation for the 12 Months Ended June 30, 2006
Adjusted ROE(1)
ROE Adjustments
(in millions, unaudited)
Return $ 520 $ 236 $ 756
Equity $ 7,348 $ (291) $ 7,057
Return on Equity 7.1% 10.7%
(1)
Adjusted return on equity is calculated using adjusted earnings (income before discontinued operations excluding non-recurring
separation costs and AMEX Assurance) in the numerator, and equity excluding both the assets and liabilities of discontinued
operations and equity allocated to expected non-recurring separation costs as of the last day of the preceding four quarters and the
current quarter in the denominator.
Return on equity calculations use the trailing twelve months' return, and equity calculated using a five point average of
quarter-end equity.
12
13. Ameriprise Financial, Inc.
Reconciliation Table: Impact of the Sale of the Defined Contribution
Recordkeeping Business on Revenue Growth
Quarter Ended
June 30, %
2007 2006 Change
(in millions, unaudited)
Total revenues $ 2,182 $ 2,053 6%
Less: Revenues attributable to the sale of the defined
— 66
contribution recordkeeping business
Total consolidated revenues excluding revenues attributable
to the sale of the defined contribution recordkeeping
$ 2,182 $ 1,987 10%
business
Total expenses before separation costs $ 1,874 $ 1,783 5%
Less: Expenses attributable to the sale of the defined
— 30
contribution recordkeeping business
Total consolidated expenses excluding expenses
attributable to the sale of the defined contribution
$ 1,874 $ 1,753 7%
recordkeeping business
Total Asset Accumulation & Income revenues $ 1,616 $ 1,493 8%
Less: Revenues attributable to the sale of the defined
— 66
contribution recordkeeping business
Total Asset Accumulation & Income revenues excluding
revenues attributable to the sale of the defined contribution
$ 1,616 $ 1,427 13%
recordkeeping business
Protection Segment
Reconciliation Table: Impact of the Recognition of Previously Deferred Cost of Insurance Revenues
on Revenue Growth
Quarter Ended
June 30, %
2007 2006 Change
(in millions, unaudited)
Total Protection segment revenues $ 508 $ 496 2%
Less: Revenues attributable to the recognition of previously
deferred cost of insurance revenues — 18
Total Protection segment revenues excluding revenues
attributable to the recognition of previously deferred cost of
$ 478
$ 508 6%
insurance revenues
13
14. Ameriprise Financial, Inc.
Reconciliation Table: Impact of the Sale of the Defined Contribution
Recordkeeping Business and the Recognition of Previously Deferred
Cost of Insurance Revenues on Other Revenues Growth
Quarter Ended
June 30, %
2007 2006 Change
(in millions, unaudited)
Total other revenues $ 176 $ 256 (31)%
Less: Revenues attributable to the sale of the defined
contribution recordkeeping business — 66
Less: Revenues attributable to the recognition of previously
— 18
deferred cost of insurance revenues
Total other revenues excluding revenues attributable to the
sale of the defined contribution recordkeeping business and
the recognition of previously deferred cost
$ 176 $ 172 2%
of insurance revenues
Ameriprise Financial, Inc.
Reconciliation Table: Ratio of Earnings to Fixed Charges
Three Months Ended
June 30, 2007
(in millions, unaudited)
Ratio of Earnings to Fixed Charges(1)
Earnings $ 288
Fixed charges $ 42
Ratio of earnings to fixed charges 6.9x
(1)
Ratio of Earnings to Fixed Charges without interest expense on non-recourse debt
Earnings $ 288
Interest expense on non-recourse debt:
Interest on debt of CDO consolidated per FIN 46(R) (5)
Total earnings $ 283
Fixed charges $ 42
Interest expense on non-recourse debt:
Interest on debt of CDO consolidated per FIN 46(R) (5)
Total fixed charges $ 37
Ratio of earnings to fixed charges without interest expense on non-recourse debt 7.6x
(1)
Ratio of Earnings to Fixed Charges is a ratio comprised of earnings divided by fixed charges. Earnings are defined as income before
income tax provision, plus interest and debt expense, interest portion of rental expense, amortization of capitalized interest and
adjustments related to equity investments and minority interests in consolidated entities. Fixed charges are defined as interest and
debt expense, the interest portion of rental expense and capitalized interest. The ratio is also presented excluding the effect of
interest on non-recourse debt of a Collateralized Debt Obligation consolidated in accordance with FIN 46(R).
14