HMN FY 2020 Earnings Report — Horace Mann Educators Corporation Revenue & Financial Results | Market Cap Arena

Horace Mann Educators CorporationHMN

FY 2020 Earnings

Reported February 26, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2020	Prior Q	FY 2019	QoQ Change	YoY Change
Revenue	$1.3B	—	$1.4B	—	-8.2%
Op. Income	$160M	—	$236M	—	-32.5%
Gross Margin	32.3%	—	35.4%	—	-3.2pp
Net Margin	10.3%	—	13.1%	—	-2.8pp
EPS (Diluted)	$3.22	—	$4.40	—	-26.8%
Free Cash Flow	$260M	—	$128M	—	103.6%

Revenue Flow

Item	Amount
REVENUE	$1.3B
Cost of Revenue	$873M
GROSS PROFIT	$416M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$257M
Operating Expenses	$257M
Cost & Expenses	$1.1B
OPERATING INCOME	$160M
Interest Income	$0
Interest Expense	$15M
Other Income/Expenses	$0
INCOME BEFORE TAX	$160M
Income Tax Expense	$26M
Net Income from Continuing Ops	$133M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$133M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$133M
D&A	$23M
EBIT	$175M
EBITDA	$198M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$1.3B
Cost of Revenue	$873M
GROSS PROFIT	$416M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$257M
Operating Expenses	$257M
Cost & Expenses	$1.1B
OPERATING INCOME	$160M
Interest Income	$0
Interest Expense	$15M
Other Income/Expenses	$0
INCOME BEFORE TAX	$160M
Income Tax Expense	$26M
Net Income from Continuing Ops	$133M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$133M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$133M
D&A	$23M
EBIT	$175M
EBITDA	$198M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$133M
Depreciation & Amortization	$23M
Stock-Based Compensation	$7M
Deferred Income Tax	$0
Other Non-Cash Items	$19M
Change in Working Capital	$77M
OPERATING CASH FLOW	$260M
Capital Expenditure	$0
Acquisitions (Net)	$0
Purchases of Investments	-$1.5B
Sales/Maturities of Investments	$1.1B
Other Investing Activities	-$68M
NET CASH FROM INVESTING	-$407M
Net Debt Issuance	$4M
Common Stock Repurchased	-$2M
Common Dividends Paid	-$50M
Other Financing Activities	$192M
NET CASH FROM FINANCING	$144M
FREE CASH FLOW	$260M
Net Change in Cash	-$3M

Balance Sheet

Item	Amount
Cash & Equivalents	$22M
Short-Term Investments	$6.7B
Net Receivables	$0
Inventory	$0
Other Current Assets	-$6.7B
TOTAL CURRENT ASSETS	$0
PP&E (Net)	$65M
Goodwill	$44M
Intangible Assets	$159M
Long-Term Investments	$7.3B
Tax Assets	$0
Other Non-Current Assets	-$7.5B
TOTAL NON-CURRENT ASSETS	$0
TOTAL ASSETS	$13.5B
Account Payables	$0
Short-Term Debt	$135M
Deferred Revenue	$0
Other Current Liabilities	-$135M
TOTAL CURRENT LIABILITIES	$0
Long-Term Debt	$302M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	-$302M
TOTAL NON-CURRENT LIABILITIES	$0
TOTAL LIABILITIES	$11.7B
Common Stock	$100.0K
Additional Paid-In Capital	$488M
Retained Earnings	$1.4B
Treasury Stock	-$488M
Accum. Other Comp. Income	$355M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.8B
Minority Interest	$0
TOTAL EQUITY	$1.8B
TOTAL LIABILITIES & EQUITY	$13.5B
Total Debt	$437M
Net Debt	$416M