CNO FY 2017 Earnings Report — CNO Financial Group, Inc. Revenue & Financial Results | Market Cap Arena

CNO Financial Group, Inc.CNO

FY 2017 Earnings

Reported February 23, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2017	Prior Q	FY 2016	QoQ Change	YoY Change
Revenue	$4.3B	—	$4.0B	—	7.7%
Op. Income	$481M	—	$353M	—	36.0%
Gross Margin	31.2%	—	29.1%	—	2.1pp
Net Margin	4.1%	—	9.0%	—	-4.9pp
EPS (Diluted)	$1.02	—	$2.01	—	-49.3%
Free Cash Flow	$613M	—	$760M	—	-19.3%

Revenue Flow

Item	Amount
REVENUE	$4.3B
Cost of Revenue	$3.0B
GROSS PROFIT	$1.3B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$237M
SG&A Expenses	$237M
Other Expenses	$626M
Operating Expenses	$863M
Cost & Expenses	$3.8B
OPERATING INCOME	$481M
Interest Income	$0
Interest Expense	$124M
Other Income/Expenses	$0
INCOME BEFORE TAX	$481M
Income Tax Expense	$305M
Net Income from Continuing Ops	$176M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$176M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$176M
D&A	$265M
EBIT	$604M
EBITDA	$870M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$4.3B
Cost of Revenue	$3.0B
GROSS PROFIT	$1.3B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$237M
SG&A Expenses	$237M
Other Expenses	$626M
Operating Expenses	$863M
Cost & Expenses	$3.8B
OPERATING INCOME	$481M
Interest Income	$0
Interest Expense	$124M
Other Income/Expenses	$0
INCOME BEFORE TAX	$481M
Income Tax Expense	$305M
Net Income from Continuing Ops	$176M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$176M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$176M
D&A	$265M
EBIT	$604M
EBITDA	$870M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$176M
Depreciation & Amortization	$265M
Stock-Based Compensation	$21M
Deferred Income Tax	$228M
Other Non-Cash Items	-$234M
Change in Working Capital	$465M
OPERATING CASH FLOW	$613M
Capital Expenditure	$0
Acquisitions (Net)	$0
Purchases of Investments	-$6.1B
Sales/Maturities of Investments	$5.9B
Other Investing Activities	-$20M
NET CASH FROM INVESTING	-$240M
Net Debt Issuance	-$268M
Common Stock Repurchased	-$168M
Common Dividends Paid	-$60M
Other Financing Activities	$213M
NET CASH FROM FINANCING	-$274M
FREE CASH FLOW	$613M
Net Change in Cash	$100M

Balance Sheet

Item	Amount
Cash & Equivalents	$179M
Short-Term Investments	$22.9B
Net Receivables	$0
Inventory	$400M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$578M
PP&E (Net)	-$1.4B
Goodwill	$0
Intangible Assets	$1.4B
Long-Term Investments	$25.2B
Tax Assets	-$240M
Other Non-Current Assets	-$20.6B
TOTAL NON-CURRENT ASSETS	$4.4B
TOTAL ASSETS	$33.1B
Account Payables	$0
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$24.3B
TOTAL CURRENT LIABILITIES	$24.3B
Long-Term Debt	$4.0B
Deferred Revenue NC	-$1.3B
Deferred Tax Liabilities	$503M
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$4.0B
TOTAL LIABILITIES	$28.3B
Common Stock	$2M
Additional Paid-In Capital	$3.1B
Retained Earnings	$766M
Treasury Stock	$0
Accum. Other Comp. Income	$1.0B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$4.8B
Minority Interest	$0
TOTAL EQUITY	$4.8B
TOTAL LIABILITIES & EQUITY	$33.1B
Total Debt	$4.0B
Net Debt	$3.8B