HMN FY 2013 Earnings Report — Horace Mann Educators Corporation Revenue & Financial Results | Market Cap Arena

Horace Mann Educators CorporationHMN

FY 2013 Earnings

Reported March 3, 2014

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2013	Prior Q	FY 2012	QoQ Change	YoY Change
Revenue	$1.0B	—	$1.0B	—	2.0%
Op. Income	$154M	—	$149M	—	3.3%
Gross Margin	31.8%	—	31.6%	—	0.2pp
Net Margin	10.8%	—	10.3%	—	0.5pp
EPS (Diluted)	$2.66	—	$2.51	—	6.0%
Free Cash Flow	$206M	—	$203M	—	1.5%

Revenue Flow

Item	Amount
REVENUE	$1.0B
Cost of Revenue	$703M
GROSS PROFIT	$328M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$174M
Operating Expenses	$174M
Cost & Expenses	$877M
OPERATING INCOME	$154M
Interest Income	$0
Interest Expense	$14M
Other Income/Expenses	$0
INCOME BEFORE TAX	$154M
Income Tax Expense	$43M
Net Income from Continuing Ops	$111M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$111M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$111M
D&A	$0
EBIT	$168M
EBITDA	$168M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$1.0B
Cost of Revenue	$703M
GROSS PROFIT	$328M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$174M
Operating Expenses	$174M
Cost & Expenses	$877M
OPERATING INCOME	$154M
Interest Income	$0
Interest Expense	$14M
Other Income/Expenses	$0
INCOME BEFORE TAX	$154M
Income Tax Expense	$43M
Net Income from Continuing Ops	$111M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$111M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$111M
D&A	$0
EBIT	$168M
EBITDA	$168M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$111M
Depreciation & Amortization	$8M
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	-$22M
Change in Working Capital	$110M
OPERATING CASH FLOW	$206M
Capital Expenditure	$0
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$598M
NET CASH FROM INVESTING	-$598M
Net Debt Issuance	$0
Common Stock Repurchased	-$4M
Common Dividends Paid	-$33M
Other Financing Activities	$432M
NET CASH FROM FINANCING	$395M
FREE CASH FLOW	$206M
Net Change in Cash	$3M

Balance Sheet

Item	Amount
Cash & Equivalents	$18M
Short-Term Investments	$6.5B
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$18M
PP&E (Net)	$35M
Goodwill	$47M
Intangible Assets	$0
Long-Term Investments	$134M
Tax Assets	$0
Other Non-Current Assets	$8.4B
TOTAL NON-CURRENT ASSETS	$8.6B
TOTAL ASSETS	$8.8B
Account Payables	$0
Short-Term Debt	$38M
Deferred Revenue	$0
Other Current Liabilities	$280M
TOTAL CURRENT LIABILITIES	$318M
Long-Term Debt	$200M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$7.2B
TOTAL NON-CURRENT LIABILITIES	$7.4B
TOTAL LIABILITIES	$7.7B
Common Stock	$64.0K
Additional Paid-In Capital	$407M
Retained Earnings	$1.0B
Treasury Stock	-$430M
Accum. Other Comp. Income	$122M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.1B
Minority Interest	$0
TOTAL EQUITY	$1.1B
TOTAL LIABILITIES & EQUITY	$8.8B
Total Debt	$238M
Net Debt	$220M