HMN FY 2019 Earnings Report — Horace Mann Educators Corporation Revenue & Financial Results | Market Cap Arena

Horace Mann Educators CorporationHMN

FY 2019 Earnings

Reported February 28, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2019	Prior Q	FY 2018	QoQ Change	YoY Change
Revenue	$1.4B	—	$1.2B	—	19.4%
Op. Income	$236M	—	$20M	—	1110.0%
Gross Margin	35.4%	—	18.9%	—	16.5pp
Net Margin	13.1%	—	1.6%	—	11.6pp
EPS (Diluted)	$4.40	—	$0.44	—	900.0%
Free Cash Flow	$128M	—	$201M	—	-36.5%

Revenue Flow

Item	Amount
REVENUE	$1.4B
Cost of Revenue	$907M
GROSS PROFIT	$498M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$261M
Operating Expenses	$261M
Cost & Expenses	$1.2B
OPERATING INCOME	$236M
Interest Income	$0
Interest Expense	$16M
Other Income/Expenses	$0
INCOME BEFORE TAX	$236M
Income Tax Expense	$52M
Net Income from Continuing Ops	$184M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$184M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$184M
D&A	$16M
EBIT	$252M
EBITDA	$268M
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$1.4B
Cost of Revenue	$907M
GROSS PROFIT	$498M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$261M
Operating Expenses	$261M
Cost & Expenses	$1.2B
OPERATING INCOME	$236M
Interest Income	$0
Interest Expense	$16M
Other Income/Expenses	$0
INCOME BEFORE TAX	$236M
Income Tax Expense	$52M
Net Income from Continuing Ops	$184M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$184M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$184M
D&A	$16M
EBIT	$252M
EBITDA	$268M
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$184M
Depreciation & Amortization	$16M
Stock-Based Compensation	$7M
Deferred Income Tax	$0
Other Non-Cash Items	-$134M
Change in Working Capital	$55M
OPERATING CASH FLOW	$128M
Capital Expenditure	$0
Acquisitions (Net)	-$459M
Purchases of Investments	-$1.1B
Sales/Maturities of Investments	$1.6B
Other Investing Activities	$0
NET CASH FROM INVESTING	$56M
Net Debt Issuance	-$170M
Common Stock Repurchased	$0
Common Dividends Paid	-$47M
Other Financing Activities	$47M
NET CASH FROM FINANCING	-$170M
FREE CASH FLOW	$128M
Net Change in Cash	$14M

Balance Sheet

Item	Amount
Cash & Equivalents	$26M
Short-Term Investments	$6.2B
Net Receivables	$0
Inventory	$0
Other Current Assets	-$6.2B
TOTAL CURRENT ASSETS	$0
PP&E (Net)	$60M
Goodwill	$49M
Intangible Assets	$177M
Long-Term Investments	$6.6B
Tax Assets	$0
Other Non-Current Assets	-$6.9B
TOTAL NON-CURRENT ASSETS	$0
TOTAL ASSETS	$12.5B
Account Payables	$0
Short-Term Debt	$135M
Deferred Revenue	$0
Other Current Liabilities	-$135M
TOTAL CURRENT LIABILITIES	$0
Long-Term Debt	$298M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	-$298M
TOTAL NON-CURRENT LIABILITIES	$0
TOTAL LIABILITIES	$10.9B
Common Stock	$66.0K
Additional Paid-In Capital	$481M
Retained Earnings	$1.4B
Treasury Stock	-$486M
Accum. Other Comp. Income	$220M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.6B
Minority Interest	$0
TOTAL EQUITY	$1.6B
TOTAL LIABILITIES & EQUITY	$12.5B
Total Debt	$433M
Net Debt	$408M