HMN FY 2014 Earnings Report — Horace Mann Educators Corporation Revenue & Financial Results | Market Cap Arena

Horace Mann Educators CorporationHMN

FY 2014 Earnings

Reported March 2, 2015

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2014	Prior Q	FY 2013	QoQ Change	YoY Change
Revenue	$1.1B	—	$1.0B	—	2.9%
Op. Income	$146M	—	$154M	—	-5.2%
Gross Margin	30.4%	—	31.8%	—	-1.5pp
Net Margin	9.8%	—	10.8%	—	-0.9pp
EPS (Diluted)	$2.47	—	$2.66	—	-7.1%
Free Cash Flow	$222M	—	$206M	—	7.8%

Revenue Flow

Item	Amount
REVENUE	$1.1B
Cost of Revenue	$738M
GROSS PROFIT	$322M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$176M
Operating Expenses	$176M
Cost & Expenses	$915M
OPERATING INCOME	$146M
Interest Income	$0
Interest Expense	$14M
Other Income/Expenses	$0
INCOME BEFORE TAX	$146M
Income Tax Expense	$42M
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	$160M
EBITDA	$160M
EPS	$3
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$1.1B
Cost of Revenue	$738M
GROSS PROFIT	$322M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$176M
Operating Expenses	$176M
Cost & Expenses	$915M
OPERATING INCOME	$146M
Interest Income	$0
Interest Expense	$14M
Other Income/Expenses	$0
INCOME BEFORE TAX	$146M
Income Tax Expense	$42M
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	$160M
EBITDA	$160M
EPS	$3
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$104M
Depreciation & Amortization	$8M
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	-$11M
Change in Working Capital	$121M
OPERATING CASH FLOW	$222M
Capital Expenditure	$0
Acquisitions (Net)	$0
Purchases of Investments	-$1.3B
Sales/Maturities of Investments	$760M
Other Investing Activities	$0
NET CASH FROM INVESTING	-$566M
Net Debt Issuance	$0
Common Stock Repurchased	-$5M
Common Dividends Paid	-$39M
Other Financing Activities	$382M
NET CASH FROM FINANCING	$337M
FREE CASH FLOW	$222M
Net Change in Cash	-$7M

Balance Sheet

Item	Amount
Cash & Equivalents	$12M
Short-Term Investments	$7.4B
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$12M
PP&E (Net)	$31M
Goodwill	$47M
Intangible Assets	$0
Long-Term Investments	$7.4B
Tax Assets	$0
Other Non-Current Assets	$2.0B
TOTAL NON-CURRENT ASSETS	$9.5B
TOTAL ASSETS	$9.8B
Account Payables	$0
Short-Term Debt	$38M
Deferred Revenue	$0
Other Current Liabilities	$358M
TOTAL CURRENT LIABILITIES	$396M
Long-Term Debt	$200M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$8.2B
TOTAL NON-CURRENT LIABILITIES	$8.4B
TOTAL LIABILITIES	$8.4B
Common Stock	$64.0K
Additional Paid-In Capital	$422M
Retained Earnings	$1.1B
Treasury Stock	-$436M
Accum. Other Comp. Income	$285M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.3B
Minority Interest	$0
TOTAL EQUITY	$1.3B
TOTAL LIABILITIES & EQUITY	$9.8B
Total Debt	$238M
Net Debt	$226M