CI FY 2007 Earnings — Cigna Corporation Revenue & Financial Results | Market Cap Arena

CI Cigna Corporation$71B

FY 2007 Earnings

Revenue

$17.6B

Op. Income

$1.6B

Net Income

$1.1B

EPS (Diluted)

$3.87

Op. Margin

9.3%

Quarterly Performance

Revenue

Operating Income

Metric	FY 2007	Prior Q	FY 2006	QoQ Change	YoY Change
Revenue	$17.6B	—	$16.5B	—	6.5%
Op. Income	$1.6B	—	$1.7B	—	-5.8%

Income Statement

Item	Amount
REVENUE	$17.6B
Cost of Revenue	$0
GROSS PROFIT	$17.6B
R&D Expenses	$0
SG&A Expenses	$4.7B
Selling & Marketing	$0
General & Administrative	$0
Other Expenses	$11.3B
Operating Expenses	$16.0B
OPERATING INCOME	$1.6B
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$0
INCOME BEFORE TAX	$1.6B
Income Tax Expense	$511M
NET INCOME	$1.1B
EBITDA	$0
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$17.6B
Cost of Revenue	$0
GROSS PROFIT	$17.6B
R&D Expenses	$0
SG&A Expenses	$4.7B
Selling & Marketing	$0
General & Administrative	$0
Other Expenses	$11.3B
Operating Expenses	$16.0B
OPERATING INCOME	$1.6B
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$0
INCOME BEFORE TAX	$1.6B
Income Tax Expense	$511M
NET INCOME	$1.1B
EBITDA	$0
EPS	$4
EPS Diluted	$4

Cash Flow Bridge

Item	Amount
Net Income	$1.1B
Depreciation & Amortization	$194M
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	-$98M
Change in Working Capital	$126M
OPERATING CASH FLOW	$1.3B
Capital Expenditure	-$262M
Acquisitions (Net)	-$46M
Purchases of Investments	-$2.6B
Sales/Maturities of Investments	$2.3B
Other Investing Activities	$875M
NET CASH FROM INVESTING	$269M
Net Debt Issuance	$120M
Common Stock Repurchased	-$1.2B
Common Dividends Paid	-$11M
Other Financing Activities	-$213M
NET CASH FROM FINANCING	-$1.0B
FREE CASH FLOW	$1.1B
Net Change in Cash	$578M

Balance Sheet

Item	Amount
Cash & Equivalents	$2.0B
Short-Term Investments	$12.8B
Net Receivables	$1.4B
Inventory	$0
Other Current Assets	$14.2B
TOTAL CURRENT ASSETS	$37.7B
PP&E (Net)	$625M
Goodwill	$1.8B
Intangible Assets	$0
Long-Term Investments	$12.8B
Other Non-Current Assets	-$12.8B
TOTAL NON-CURRENT ASSETS	$2.4B
TOTAL ASSETS	$40.1B
Account Payables	$0
Short-Term Debt	$3M
Deferred Revenue	$0
Other Current Liabilities	-$3M
TOTAL CURRENT LIABILITIES	$3M
Long-Term Debt	$1.8B
Other Non-Current Liabilities	-$1.8B
TOTAL NON-CURRENT LIABILITIES	$1.8B
TOTAL LIABILITIES	$35.3B
Common Stock	$88M
Retained Earnings	$7.1B
Treasury Stock	-$5.0B
TOTAL STOCKHOLDERS' EQUITY	$4.7B
Total Debt	$1.8B
Net Debt	-$177M