Ameriprise 2015 Annual Report Download - page 117

Ameriprise Financial, Inc.
Consolidated Statements of Operations
Years Ended December 31,
2015 2014 2013
(in millions, except per share amounts)
Revenues
Management and financial advice fees $ 5,950 $ 5,810 $ 5,253
Distribution fees 1,847 1,894 1,771
Net investment income 1,688 1,741 1,889
Premiums 1,455 1,385 1,282
Other revenues 1,260 1,466 1,035
Total revenues 12,200 12,296 11,230
Banking and deposit interest expense 30 28 31
Total net revenues 12,170 12,268 11,199
Expenses
Distribution expenses 3,276 3,236 2,925
Interest credited to fixed accounts 668 713 806
Benefits, claims, losses and settlement expenses 2,261 1,982 1,954
Amortization of deferred acquisition costs 354 367 207
Interest and debt expense 387 328 281
General and administrative expense 3,082 3,095 3,056
Total expenses 10,028 9,721 9,229
Income from continuing operations before income tax provision 2,142 2,547 1,970
Income tax provision 455 545 492
Income from continuing operations 1,687 2,002 1,478
Loss from discontinued operations, net of tax — (2) (3)
Net income 1,687 2,000 1,475
Less: Net income attributable to noncontrolling interests 125 381 141
Net income attributable to Ameriprise Financial $ 1,562 $ 1,619 $ 1,334
Earnings per share attributable to Ameriprise Financial, Inc. common shareholders
Basic
Income from continuing operations $ 8.60 $ 8.46 $ 6.58
Loss from discontinued operations — (0.01) (0.02)
Net income $ 8.60 $ 8.45 $ 6.56
Diluted
Income from continuing operations $ 8.48 $ 8.31 $ 6.46
Loss from discontinued operations — (0.01) (0.02)
Net income $ 8.48 $ 8.30 $ 6.44
Cash dividends declared per common share $ 2.59 $ 2.26 $ 2.01
Supplemental Disclosures:
Total other-than-temporary impairment losses on securities $ (8) $ (6) $ (11)
Portion of loss recognized in other comprehensive income (loss) (before taxes) — — 2
Net impairment losses recognized in net investment income $ (8) $ (6) $ (9)
See Notes to Consolidated Financial Statements.
95