Ameriprise 2014 Annual Report Download - page 118

Consolidated Statements of Operations
Ameriprise Financial, Inc.
Years Ended December 31,
2014 2013 2012
(in millions, except per share amounts)
Revenues
Management and financial advice fees $ 5,810 $ 5,253 $ 4,692
Distribution fees 1,894 1,771 1,616
Net investment income 1,741 1,889 1,933
Premiums 1,385 1,282 1,223
Other revenues 1,466 1,035 795
Total revenues 12,296 11,230 10,259
Banking and deposit interest expense 28 31 42
Total net revenues 12,268 11,199 10,217
Expenses
Distribution expenses 3,236 2,925 2,591
Interest credited to fixed accounts 713 806 831
Benefits, claims, losses and settlement expenses 1,982 1,954 1,899
Amortization of deferred acquisition costs 367 207 286
Interest and debt expense 328 281 276
General and administrative expense 3,095 3,056 3,096
Total expenses 9,721 9,229 8,979
Income from continuing operations before income tax provision 2,547 1,970 1,238
Income tax provision 545 492 335
Income from continuing operations 2,002 1,478 903
Loss from discontinued operations, net of tax (2) (3) (2)
Net income 2,000 1,475 901
Less: Net income (loss) attributable to noncontrolling interests 381 141 (128)
Net income attributable to Ameriprise Financial $ 1,619 $ 1,334 $ 1,029
Earnings per share attributable to
Ameriprise Financial, Inc. common shareholders
Basic
Income from continuing operations $ 8.46 $ 6.58 $ 4.71
Loss from discontinued operations (0.01) (0.02) (0.01)
Net income $ 8.45 $ 6.56 $ 4.70
Diluted
Income from continuing operations $ 8.31 $ 6.46 $ 4.63
Loss from discontinued operations (0.01) (0.02) (0.01)
Net income $ 8.30 $ 6.44 $ 4.62
Cash dividends declared per common share $ 2.26 $ 2.01 $ 1.15
Supplemental Disclosures:
Total other-than-temporary impairment losses on securities $ (6) $ (11) $ (30)
Portion of loss recognized in other comprehensive income (loss) (before taxes) — 2 (7)
Net impairment losses recognized in net investment income $ (6) $ (9) $ (37)
See Notes to Consolidated Financial Statements.
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