CNO FY 2016 Earnings Report — CNO Financial Group, Inc. Revenue & Financial Results | Market Cap Arena

CNO Financial Group, Inc.CNO

FY 2016 Earnings

Reported February 21, 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	$4.0B	—	$3.8B	—	5.0%
Op. Income	$353M	—	$368M	—	-3.9%
Gross Margin	29.1%	—	29.5%	—	-0.3pp
Net Margin	9.0%	—	7.1%	—	1.8pp
EPS (Diluted)	$2.01	—	$1.39	—	44.6%
Free Cash Flow	$760M	—	$744M	—	2.1%

Revenue Flow

Item	Amount
REVENUE	$4.0B
Cost of Revenue	$2.8B
GROSS PROFIT	$1.2B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$231M
SG&A Expenses	$231M
Other Expenses	$579M
Operating Expenses	$810M
Cost & Expenses	$3.6B
OPERATING INCOME	$353M
Interest Income	$0
Interest Expense	$116M
Other Income/Expenses	$0
INCOME BEFORE TAX	$353M
Income Tax Expense	-$5M
Net Income from Continuing Ops	$358M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$358M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$358M
D&A	$275M
EBIT	$470M
EBITDA	$745M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$4.0B
Cost of Revenue	$2.8B
GROSS PROFIT	$1.2B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$231M
SG&A Expenses	$231M
Other Expenses	$579M
Operating Expenses	$810M
Cost & Expenses	$3.6B
OPERATING INCOME	$353M
Interest Income	$0
Interest Expense	$116M
Other Income/Expenses	$0
INCOME BEFORE TAX	$353M
Income Tax Expense	-$5M
Net Income from Continuing Ops	$358M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$358M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$358M
D&A	$275M
EBIT	$470M
EBITDA	$745M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$358M
Depreciation & Amortization	$275M
Stock-Based Compensation	$23M
Deferred Income Tax	-$12M
Other Non-Cash Items	-$19M
Change in Working Capital	$333M
OPERATING CASH FLOW	$760M
Capital Expenditure	$0
Acquisitions (Net)	$0
Purchases of Investments	-$6.2B
Sales/Maturities of Investments	$5.3B
Other Investing Activities	$153M
NET CASH FROM INVESTING	-$742M
Net Debt Issuance	$78M
Common Stock Repurchased	-$210M
Common Dividends Paid	-$55M
Other Financing Activities	$205M
NET CASH FROM FINANCING	$26M
FREE CASH FLOW	$760M
Net Change in Cash	$47M

Balance Sheet

Item	Amount
Cash & Equivalents	$189M
Short-Term Investments	$21.1B
Net Receivables	$0
Inventory	$290M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$478M
PP&E (Net)	-$3.1B
Goodwill	$0
Intangible Assets	$1.4B
Long-Term Investments	$23.8B
Tax Assets	$1.6B
Other Non-Current Assets	-$18.7B
TOTAL NON-CURRENT ASSETS	$5.0B
TOTAL ASSETS	$32.0B
Account Payables	$0
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$23.3B
TOTAL CURRENT LIABILITIES	$23.3B
Long-Term Debt	$4.2B
Deferred Revenue NC	-$1.2B
Deferred Tax Liabilities	$622M
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$4.2B
TOTAL LIABILITIES	$27.5B
Common Stock	$2M
Additional Paid-In Capital	$3.2B
Retained Earnings	$651M
Treasury Stock	$0
Accum. Other Comp. Income	$622M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$4.5B
Minority Interest	$0
TOTAL EQUITY	$4.5B
TOTAL LIABILITIES & EQUITY	$32.0B
Total Debt	$4.2B
Net Debt	$4.0B