HMN FY 2012 Earnings Report — Horace Mann Educators Corporation Revenue & Financial Results | Market Cap Arena

Horace Mann Educators CorporationHMN

FY 2012 Earnings

Reported February 28, 2013

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2012	Prior Q	FY 2011	QoQ Change	YoY Change
Revenue	$1.0B	—	$998M	—	1.3%
Op. Income	$149M	—	$95M	—	57.2%
Gross Margin	31.6%	—	25.8%	—	5.8pp
Net Margin	10.3%	—	7.1%	—	3.2pp
EPS (Diluted)	$2.51	—	$1.70	—	47.6%
Free Cash Flow	$203M	—	$116M	—	75.1%

Revenue Flow

Item	Amount
REVENUE	$1.0B
Cost of Revenue	$691M
GROSS PROFIT	$319M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$170M
Operating Expenses	$170M
Cost & Expenses	$862M
OPERATING INCOME	$149M
Interest Income	$0
Interest Expense	$14M
Other Income/Expenses	$0
INCOME BEFORE TAX	$149M
Income Tax Expense	$45M
Net Income from Continuing Ops	$104M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$104M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$104M
D&A	$0
EBIT	$163M
EBITDA	$163M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$1.0B
Cost of Revenue	$691M
GROSS PROFIT	$319M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$170M
Operating Expenses	$170M
Cost & Expenses	$862M
OPERATING INCOME	$149M
Interest Income	$0
Interest Expense	$14M
Other Income/Expenses	$0
INCOME BEFORE TAX	$149M
Income Tax Expense	$45M
Net Income from Continuing Ops	$104M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$104M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$104M
D&A	$0
EBIT	$163M
EBITDA	$163M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$104M
Depreciation & Amortization	$8M
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	$97M
Change in Working Capital	-$6M
OPERATING CASH FLOW	$203M
Capital Expenditure	$0
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$355M
NET CASH FROM INVESTING	-$355M
Net Debt Issuance	-$983.0K
Common Stock Repurchased	-$16M
Common Dividends Paid	-$23M
Other Financing Activities	$199M
NET CASH FROM FINANCING	$160M
FREE CASH FLOW	$203M
Net Change in Cash	$8M

Balance Sheet

Item	Amount
Cash & Equivalents	$15M
Short-Term Investments	$6.3B
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$69M
PP&E (Net)	$37M
Goodwill	$47M
Intangible Assets	$0
Long-Term Investments	$6.3B
Tax Assets	$0
Other Non-Current Assets	-$6.1B
TOTAL NON-CURRENT ASSETS	$281M
TOTAL ASSETS	$8.2B
Account Payables	$0
Short-Term Debt	$38M
Deferred Revenue	$0
Other Current Liabilities	$6.7B
TOTAL CURRENT LIABILITIES	$6.7B
Long-Term Debt	$200M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$6.4B
TOTAL NON-CURRENT LIABILITIES	$6.6B
TOTAL LIABILITIES	$6.9B
Common Stock	$62.0K
Additional Paid-In Capital	$383M
Retained Earnings	$922M
Treasury Stock	-$426M
Accum. Other Comp. Income	$367M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.2B
Minority Interest	$0
TOTAL EQUITY	$1.2B
TOTAL LIABILITIES & EQUITY	$8.2B
Total Debt	$238M
Net Debt	$223M