HMN FY 2007 Earnings Report — Horace Mann Educators Corporation Revenue & Financial Results | Market Cap Arena

Horace Mann Educators CorporationHMN

FY 2007 Earnings

Reported February 28, 2008

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2007	Prior Q	FY 2006	QoQ Change	YoY Change
Revenue	$887M	—	$886M	—	0.1%
Op. Income	$117M	—	$140M	—	-16.6%
Gross Margin	45.4%	—	47.8%	—	-2.3pp
Net Margin	9.3%	—	11.1%	—	-1.8pp
EPS (Diluted)	$1.86	—	$2.19	—	-15.1%
Free Cash Flow	$202M	—	$186M	—	8.5%

Revenue Flow

Item	Amount
REVENUE	$887M
Cost of Revenue	$484M
GROSS PROFIT	$403M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$286M
Operating Expenses	$286M
Cost & Expenses	$770M
OPERATING INCOME	$117M
Interest Income	$0
Interest Expense	$14M
Other Income/Expenses	$0
INCOME BEFORE TAX	$117M
Income Tax Expense	$34M
Net Income from Continuing Ops	$83M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$83M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$83M
D&A	$13M
EBIT	$131M
EBITDA	$144M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$887M
Cost of Revenue	$484M
GROSS PROFIT	$403M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$286M
Operating Expenses	$286M
Cost & Expenses	$770M
OPERATING INCOME	$117M
Interest Income	$0
Interest Expense	$14M
Other Income/Expenses	$0
INCOME BEFORE TAX	$117M
Income Tax Expense	$34M
Net Income from Continuing Ops	$83M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$83M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$83M
D&A	$13M
EBIT	$131M
EBITDA	$144M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$83M
Depreciation & Amortization	$13M
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	-$1M
Change in Working Capital	$107M
OPERATING CASH FLOW	$202M
Capital Expenditure	$0
Acquisitions (Net)	$0
Purchases of Investments	-$1.4B
Sales/Maturities of Investments	$1.3B
Other Investing Activities	$0
NET CASH FROM INVESTING	-$130M
Net Debt Issuance	-$29M
Common Stock Repurchased	-$21M
Common Dividends Paid	-$18M
Other Financing Activities	-$3M
NET CASH FROM FINANCING	-$71M
FREE CASH FLOW	$202M
Net Change in Cash	-$229.0K

Balance Sheet

Item	Amount
Cash & Equivalents	$13M
Short-Term Investments	$221M
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$144M
PP&E (Net)	$0
Goodwill	$47M
Intangible Assets	$0
Long-Term Investments	$118M
Tax Assets	$0
Other Non-Current Assets	-$118M
TOTAL NON-CURRENT ASSETS	$47M
TOTAL ASSETS	$6.3B
Account Payables	$0
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$0
Long-Term Debt	$199M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$5.1B
TOTAL NON-CURRENT LIABILITIES	$5.3B
TOTAL LIABILITIES	$5.6B
Common Stock	$61.0K
Additional Paid-In Capital	$354M
Retained Earnings	$699M
Treasury Stock	-$353M
Accum. Other Comp. Income	-$6M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$693M
Minority Interest	$0
TOTAL EQUITY	$693M
TOTAL LIABILITIES & EQUITY	$6.3B
Total Debt	$199M
Net Debt	$186M