AIZ FY 2006 Earnings Report — Assurant, Inc. Revenue & Financial Results | Market Cap Arena

Assurant, Inc.AIZ

FY 2006 Earnings

Reported March 1, 2007

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2006	Prior Q	FY 2005	QoQ Change	YoY Change
Revenue	$8.1B	—	—	—	—
Op. Income	$1.1B	—	—	—	—
Gross Margin	41.5%	—	—	—	—
Net Margin	8.9%	—	—	—	—
EPS (Diluted)	$5.57	—	—	—	—
Free Cash Flow	$848M	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$8.1B
Cost of Revenue	$4.7B
GROSS PROFIT	$3.3B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$2.2B
Other Expenses	$63M
Operating Expenses	$2.3B
Cost & Expenses	$7.0B
OPERATING INCOME	$1.1B
Interest Income	$0
Interest Expense	$61M
Other Income/Expenses	$0
INCOME BEFORE TAX	$1.1B
Income Tax Expense	$380M
Net Income from Continuing Ops	$716M
Net Income from Discontinued Ops	$0
Other Adjustments	$2M
NET INCOME	$717M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$717M
D&A	$93M
EBIT	$1.2B
EBITDA	$1.3B
EPS	$6
EPS Diluted	$6

Income Statement

Item	Amount
REVENUE	$8.1B
Cost of Revenue	$4.7B
GROSS PROFIT	$3.3B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$2.2B
Other Expenses	$63M
Operating Expenses	$2.3B
Cost & Expenses	$7.0B
OPERATING INCOME	$1.1B
Interest Income	$0
Interest Expense	$61M
Other Income/Expenses	$0
INCOME BEFORE TAX	$1.1B
Income Tax Expense	$380M
Net Income from Continuing Ops	$716M
Net Income from Discontinued Ops	$0
Other Adjustments	$2M
NET INCOME	$717M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$717M
D&A	$93M
EBIT	$1.2B
EBITDA	$1.3B
EPS	$6
EPS Diluted	$6

Cash Flow Statement

Item	Amount
Net Income	$717M
Depreciation & Amortization	$93M
Stock-Based Compensation	$18M
Deferred Income Tax	$0
Other Non-Cash Items	-$455M
Change in Working Capital	$567M
OPERATING CASH FLOW	$923M
Capital Expenditure	-$75M
Acquisitions (Net)	-$48M
Purchases of Investments	-$3.3B
Sales/Maturities of Investments	$3.4B
Other Investing Activities	-$8M
NET CASH FROM INVESTING	-$85M
Net Debt Issuance	-$245M
Common Stock Repurchased	-$424M
Common Dividends Paid	-$48M
Other Financing Activities	$3M
NET CASH FROM FINANCING	-$718M
FREE CASH FLOW	$848M
Net Change in Cash	$132M

Balance Sheet

Item	Amount
Cash & Equivalents	$988M
Short-Term Investments	$314M
Net Receivables	$612M
Inventory	$0
Other Current Assets	-$1.9B
TOTAL CURRENT ASSETS	$0
PP&E (Net)	$275M
Goodwill	$791M
Intangible Assets	$0
Long-Term Investments	$10.2B
Tax Assets	$0
Other Non-Current Assets	-$11.2B
TOTAL NON-CURRENT ASSETS	$0
TOTAL ASSETS	$25.2B
Account Payables	$1.4B
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	-$5.1B
TOTAL CURRENT LIABILITIES	$0
Long-Term Debt	$972M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$57M
Other Non-Current Liabilities	-$1.4B
TOTAL NON-CURRENT LIABILITIES	$0
TOTAL LIABILITIES	$21.3B
Common Stock	$1M
Additional Paid-In Capital	$2.9B
Retained Earnings	$1.7B
Treasury Stock	-$828M
Accum. Other Comp. Income	$88M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$3.8B
Minority Interest	$22M
TOTAL EQUITY	$3.9B
TOTAL LIABILITIES & EQUITY	$25.2B
Total Debt	$972M
Net Debt	$350M