AIZN FY 2016 Earnings Report — Assurant, Inc. 5.25% Subordinat Revenue & Financial Results | Market Cap Arena

Assurant, Inc. 5.25% SubordinatAIZN

FY 2016 Earnings

Reported February 14, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2016	Prior Q	FY 2015	QoQ Change	YoY Change
Revenue	$7.1B	—	$10.3B	—	-31.1%
Op. Income	$906M	—	$256M	—	253.6%
Gross Margin	100.0%	—	100.0%	—	0.0pp
Net Margin	8.0%	—	1.4%	—	6.6pp
EPS (Diluted)	$9.13	—	$2.05	—	345.4%
Free Cash Flow	$49M	—	$140M	—	-64.7%

Revenue Flow

Item	Amount
REVENUE	$7.1B
Cost of Revenue	$0
GROSS PROFIT	$7.1B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$1.9B
Operating Expenses	$6.7B
Cost & Expenses	$6.3B
OPERATING INCOME	$906M
Interest Income	$19.0K
Interest Expense	$58M
Other Income/Expenses	-$2.0B
INCOME BEFORE TAX	$849M
Income Tax Expense	$283M
Net Income from Continuing Ops	$565M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$565M
Net Income Deductions	-$50.0K
BOTTOM LINE NET INCOME	$565M
D&A	$86M
EBIT	$3.7B
EBITDA	$3.8B
EPS	$9
EPS Diluted	$9

Income Statement

Item	Amount
REVENUE	$7.1B
Cost of Revenue	$0
GROSS PROFIT	$7.1B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$1.9B
Operating Expenses	$6.7B
Cost & Expenses	$6.3B
OPERATING INCOME	$906M
Interest Income	$19.0K
Interest Expense	$58M
Other Income/Expenses	-$2.0B
INCOME BEFORE TAX	$849M
Income Tax Expense	$283M
Net Income from Continuing Ops	$565M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$565M
Net Income Deductions	-$50.0K
BOTTOM LINE NET INCOME	$565M
D&A	$86M
EBIT	$3.7B
EBITDA	$3.8B
EPS	$9
EPS Diluted	$9

Cash Flow Statement

Item	Amount
Net Income	$565M
Depreciation & Amortization	$125M
Stock-Based Compensation	$42M
Deferred Income Tax	-$183M
Other Non-Cash Items	-$575M
Change in Working Capital	-$23M
OPERATING CASH FLOW	$135M
Capital Expenditure	-$85M
Acquisitions (Net)	$811M
Purchases of Investments	-$4.6B
Sales/Maturities of Investments	$4.3B
Other Investing Activities	$278M
NET CASH FROM INVESTING	$726M
Net Debt Issuance	-$123M
Common Stock Repurchased	-$863M
Common Dividends Paid	-$125M
Other Financing Activities	$6M
NET CASH FROM FINANCING	-$1.1B
FREE CASH FLOW	$49M
Net Change in Cash	-$256M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.0B
Short-Term Investments	$9.8B
Net Receivables	$10.3B
Inventory	$0
Other Current Assets	-$21.2B
TOTAL CURRENT ASSETS	$0
PP&E (Net)	$344M
Goodwill	$831M
Intangible Assets	$272M
Long-Term Investments	$10.2B
Tax Assets	$0
Other Non-Current Assets	-$11.7B
TOTAL NON-CURRENT ASSETS	$0
TOTAL ASSETS	$29.7B
Account Payables	$3.4B
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	-$3.8B
TOTAL CURRENT LIABILITIES	$0
Long-Term Debt	$1.1B
Deferred Revenue NC	$232M
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	-$1.3B
TOTAL NON-CURRENT LIABILITIES	$0
TOTAL LIABILITIES	$25.6B
Common Stock	$2M
Additional Paid-In Capital	$3.2B
Retained Earnings	$4.0B
Treasury Stock	-$4.5B
Accum. Other Comp. Income	$95M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$4.1B
Minority Interest	$0
TOTAL EQUITY	$4.1B
TOTAL LIABILITIES & EQUITY	$29.7B
Total Debt	$1.1B
Net Debt	$35M