Ameriprise 2005 Annual Report Download - page 99

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Asset
Accumulation Corporate and
and Income Protection Other Eliminations Consolidated
(in millions)
2003—Segment Data
Revenue from external customers $4,004 $1,733 $418 $ – $6,155
Intersegment revenue 1 – 1 (2) –
Total revenues 4,005 1,733 419 (2) 6,155
Amortization expense (a) 244 268 – – 512
All other expenses 3,132 1,194 446 (2) 4,770
Total expenses 3,376 1,462 446 (2) 5,282
Income (loss) before income tax provision, discontinued
operations and accounting change $ 629 $ 271 $ (27) $ – 873
Income tax provision 179
Income before discontinued operations and
accounting change 694
Discontinued operations, net of tax 44
Cumulative effect of accounting change, net of tax (13)
Net income $ 725
(a) Represents the amortization expense for deferred acquisition costs, deferred sales inducement costs and intangible assets.
21. Quarterly Financial Data (Unaudited)
2005 2004
12/31(a)(f) 9/30(b)(f) 6/30(b) 3/31(b) 12/31(b) 9/30(b) 6/30(b) 3/31(b)(c)
(in millions, except per share data)
Revenues $1,869 $1,873 $1,895 $1,847 $1,843 $1,712 $1,740 $1,732
Separation costs(d) 125 92 56 20 ––––
Income before income tax provision,
discontinued operations and
accounting change 127 181 191 246 260 261 266 325
Net income $ 111 $ 125 $ 155 $ 183 $ 235 $ 199 $ 186 $ 174
Earnings per common share—Basic
and Diluted:
Income before discontinued
operations and accounting
change(e) $ 0.44 $ 0.50 $ 0.61 $ 0.71 $ 0.92 $ 0.77 $ 0.71 $ 0.95
Discontinued operations, net of tax(e) – – 0.02 0.03 0.03 0.04 0.04 0.05
Cumulative effect of accounting
change, net of tax(e) –––– – – – (0.29)
Net income(e) $ 0.44 $ 0.50 $ 0.63 $ 0.74 $ 0.95 $ 0.81 $ 0.75 $ 0.71
Weighted Average Common Shares
Outstanding for Earnings per
Common Share (as adjusted for
September 2005 stock split):
Basic 249.9 246.2 246.2 246.2 246.2 246.2 246.2 246.2
Diluted 250.3 246.2 246.2 246.2 246.2 246.2 246.2 246.2
Cash dividends declared per
common share $ 0.11 – – – – –––
Common share price:
High $43.90 – – – – –––
Low $32.39 – – – – –––
Ameriprise Financial, Inc. | 97