HMN FY 2017 Earnings Report — Horace Mann Educators Corporation Revenue & Financial Results | Market Cap Arena

Horace Mann Educators CorporationHMN

FY 2017 Earnings

Reported February 28, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2017	Prior Q	FY 2016	QoQ Change	YoY Change
Revenue	$1.2B	—	$1.1B	—	3.8%
Op. Income	$89M	—	$114M	—	-22.4%
Gross Margin	24.6%	—	26.5%	—	-1.9pp
Net Margin	14.5%	—	7.4%	—	7.0pp
EPS (Diluted)	$4.08	—	$2.02	—	102.0%
Free Cash Flow	$257M	—	$207M	—	23.7%

Revenue Flow

Item	Amount
REVENUE	$1.2B
Cost of Revenue	$883M
GROSS PROFIT	$288M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$200M
Operating Expenses	$200M
Cost & Expenses	$1.1B
OPERATING INCOME	$89M
Interest Income	$0
Interest Expense	$12M
Other Income/Expenses	$0
INCOME BEFORE TAX	$89M
Income Tax Expense	-$81M
Net Income from Continuing Ops	$169M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$169M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$169M
D&A	$7M
EBIT	$101M
EBITDA	$107M
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$1.2B
Cost of Revenue	$883M
GROSS PROFIT	$288M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$200M
Operating Expenses	$200M
Cost & Expenses	$1.1B
OPERATING INCOME	$89M
Interest Income	$0
Interest Expense	$12M
Other Income/Expenses	$0
INCOME BEFORE TAX	$89M
Income Tax Expense	-$81M
Net Income from Continuing Ops	$169M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$169M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$169M
D&A	$7M
EBIT	$101M
EBITDA	$107M
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$169M
Depreciation & Amortization	$7M
Stock-Based Compensation	$9M
Deferred Income Tax	$0
Other Non-Cash Items	-$5M
Change in Working Capital	$77M
OPERATING CASH FLOW	$257M
Capital Expenditure	$0
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$229M
NET CASH FROM INVESTING	-$229M
Net Debt Issuance	$45M
Common Stock Repurchased	-$2M
Common Dividends Paid	-$46M
Other Financing Activities	-$31M
NET CASH FROM FINANCING	-$37M
FREE CASH FLOW	$257M
Net Change in Cash	-$9M

Balance Sheet

Item	Amount
Cash & Equivalents	$8M
Short-Term Investments	$8.1B
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$8M
PP&E (Net)	$39M
Goodwill	$47M
Intangible Assets	$0
Long-Term Investments	$300M
Tax Assets	$0
Other Non-Current Assets	$10.5B
TOTAL NON-CURRENT ASSETS	$10.9B
TOTAL ASSETS	$11.2B
Account Payables	$0
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$0
Long-Term Debt	$297M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$9.4B
TOTAL NON-CURRENT LIABILITIES	$9.7B
TOTAL LIABILITIES	$9.7B
Common Stock	$65.0K
Additional Paid-In Capital	$464M
Retained Earnings	$1.2B
Treasury Stock	-$481M
Accum. Other Comp. Income	$287M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.5B
Minority Interest	$0
TOTAL EQUITY	$1.5B
TOTAL LIABILITIES & EQUITY	$11.2B
Total Debt	$297M
Net Debt	$290M