HMN FY 2016 Earnings Report — Horace Mann Educators Corporation Revenue & Financial Results | Market Cap Arena

Horace Mann Educators CorporationHMN

FY 2016 Earnings

Reported March 1, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2016	Prior Q	FY 2015	QoQ Change	YoY Change
Revenue	$1.1B	—	$1.1B	—	4.5%
Op. Income	$114M	—	$129M	—	-11.8%
Gross Margin	26.5%	—	28.0%	—	-1.5pp
Net Margin	7.4%	—	8.7%	—	-1.2pp
EPS (Diluted)	$2.02	—	$2.20	—	-8.2%
Free Cash Flow	$207M	—	$41M	—	408.4%

Revenue Flow

Item	Amount
REVENUE	$1.1B
Cost of Revenue	$830M
GROSS PROFIT	$299M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$185M
Operating Expenses	$185M
Cost & Expenses	$1.0B
OPERATING INCOME	$114M
Interest Income	$0
Interest Expense	$12M
Other Income/Expenses	$0
INCOME BEFORE TAX	$114M
Income Tax Expense	$30M
Net Income from Continuing Ops	$84M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$84M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$84M
D&A	$0
EBIT	$126M
EBITDA	$126M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$1.1B
Cost of Revenue	$830M
GROSS PROFIT	$299M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$185M
Operating Expenses	$185M
Cost & Expenses	$1.0B
OPERATING INCOME	$114M
Interest Income	$0
Interest Expense	$12M
Other Income/Expenses	$0
INCOME BEFORE TAX	$114M
Income Tax Expense	$30M
Net Income from Continuing Ops	$84M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$84M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$84M
D&A	$0
EBIT	$126M
EBITDA	$126M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$84M
Depreciation & Amortization	$7M
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	-$4M
Change in Working Capital	$121M
OPERATING CASH FLOW	$207M
Capital Expenditure	$0
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$325M
NET CASH FROM INVESTING	-$325M
Net Debt Issuance	$11M
Common Stock Repurchased	-$22M
Common Dividends Paid	-$44M
Other Financing Activities	$174M
NET CASH FROM FINANCING	$115M
FREE CASH FLOW	$207M
Net Change in Cash	$1M

Balance Sheet

Item	Amount
Cash & Equivalents	$17M
Short-Term Investments	$8.0B
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.0K
PP&E (Net)	$32M
Goodwill	$47M
Intangible Assets	$0
Long-Term Investments	$8.0B
Tax Assets	$0
Other Non-Current Assets	$2.2B
TOTAL NON-CURRENT ASSETS	$10.3B
TOTAL ASSETS	$10.6B
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	$9.0B
TOTAL NON-CURRENT LIABILITIES	$9.3B
TOTAL LIABILITIES	$9.3B
Common Stock	$65.0K
Additional Paid-In Capital	$453M
Retained Earnings	$1.2B
Treasury Stock	-$479M
Accum. Other Comp. Income	$164M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.3B
Minority Interest	$0
TOTAL EQUITY	$1.3B
TOTAL LIABILITIES & EQUITY	$10.6B
Total Debt	$247M
Net Debt	$231M