HMN FY 2015 Earnings Report — Horace Mann Educators Corporation Revenue & Financial Results | Market Cap Arena

Horace Mann Educators CorporationHMN

FY 2015 Earnings

Reported February 29, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2015	Prior Q	FY 2014	QoQ Change	YoY Change
Revenue	$1.1B	—	$1.1B	—	1.9%
Op. Income	$129M	—	$146M	—	-11.4%
Gross Margin	28.0%	—	30.4%	—	-2.4pp
Net Margin	8.7%	—	9.8%	—	-1.2pp
EPS (Diluted)	$2.20	—	$2.47	—	-10.9%
Free Cash Flow	$41M	—	$222M	—	-81.6%

Revenue Flow

Item	Amount
REVENUE	$1.1B
Cost of Revenue	$778M
GROSS PROFIT	$302M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$173M
Operating Expenses	$173M
Cost & Expenses	$951M
OPERATING INCOME	$129M
Interest Income	$0
Interest Expense	$13M
Other Income/Expenses	$0
INCOME BEFORE TAX	$129M
Income Tax Expense	$36M
Net Income from Continuing Ops	$93M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$93M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$93M
D&A	$0
EBIT	$143M
EBITDA	$143M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$1.1B
Cost of Revenue	$778M
GROSS PROFIT	$302M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$173M
Operating Expenses	$173M
Cost & Expenses	$951M
OPERATING INCOME	$129M
Interest Income	$0
Interest Expense	$13M
Other Income/Expenses	$0
INCOME BEFORE TAX	$129M
Income Tax Expense	$36M
Net Income from Continuing Ops	$93M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$93M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$93M
D&A	$0
EBIT	$143M
EBITDA	$143M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$93M
Depreciation & Amortization	$0
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	$439M
Change in Working Capital	-$325M
OPERATING CASH FLOW	$41M
Capital Expenditure	$0
Acquisitions (Net)	$0
Purchases of Investments	-$1.5B
Sales/Maturities of Investments	$1.1B
Other Investing Activities	-$34M
NET CASH FROM INVESTING	-$416M
Net Debt Issuance	$10M
Common Stock Repurchased	-$22M
Common Dividends Paid	-$43M
Other Financing Activities	$267M
NET CASH FROM FINANCING	$213M
FREE CASH FLOW	$41M
Net Change in Cash	$4M

Balance Sheet

Item	Amount
Cash & Equivalents	$16M
Short-Term Investments	$7.6B
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.0K
PP&E (Net)	$26M
Goodwill	$47M
Intangible Assets	$0
Long-Term Investments	$175M
Tax Assets	$0
Other Non-Current Assets	-$26M
TOTAL NON-CURRENT ASSETS	$223M
TOTAL ASSETS	$10.1B
Account Payables	$0
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$0
Long-Term Debt	$247M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$8.5B
TOTAL NON-CURRENT LIABILITIES	$8.8B
TOTAL LIABILITIES	$8.8B
Common Stock	$65.0K
Additional Paid-In Capital	$443M
Retained Earnings	$1.1B
Treasury Stock	-$458M
Accum. Other Comp. Income	$163M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.3B
Minority Interest	$0
TOTAL EQUITY	$1.3B
TOTAL LIABILITIES & EQUITY	$10.1B
Total Debt	$247M
Net Debt	$231M