HMN FY 2021 Earnings Report — Horace Mann Educators Corporation Revenue & Financial Results | Market Cap Arena

Horace Mann Educators CorporationHMN

FY 2021 Earnings

Reported February 25, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2021	Prior Q	FY 2020	QoQ Change	YoY Change
Revenue	$1.3B	—	$1.3B	—	-3.0%
Op. Income	$210M	—	$160M	—	31.6%
Gross Margin	32.7%	—	32.3%	—	0.4pp
Net Margin	13.6%	—	10.3%	—	3.3pp
EPS (Diluted)	$3.39	—	$3.22	—	5.3%
Free Cash Flow	$205M	—	$260M	—	-21.1%

Revenue Flow

Item	Amount
REVENUE	$1.3B
Cost of Revenue	$841M
GROSS PROFIT	$409M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$199M
Operating Expenses	$199M
Cost & Expenses	$1.0B
OPERATING INCOME	$210M
Interest Income	$0
Interest Expense	$14M
Other Income/Expenses	$0
INCOME BEFORE TAX	$210M
Income Tax Expense	$40M
Net Income from Continuing Ops	$170M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$170M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$170M
D&A	$18M
EBIT	$224M
EBITDA	$242M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$1.3B
Cost of Revenue	$841M
GROSS PROFIT	$409M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$199M
Operating Expenses	$199M
Cost & Expenses	$1.0B
OPERATING INCOME	$210M
Interest Income	$0
Interest Expense	$14M
Other Income/Expenses	$0
INCOME BEFORE TAX	$210M
Income Tax Expense	$40M
Net Income from Continuing Ops	$170M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$170M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$170M
D&A	$18M
EBIT	$224M
EBITDA	$242M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$170M
Depreciation & Amortization	$18M
Stock-Based Compensation	$8M
Deferred Income Tax	$0
Other Non-Cash Items	-$31M
Change in Working Capital	$38M
OPERATING CASH FLOW	$205M
Capital Expenditure	$0
Acquisitions (Net)	-$234M
Purchases of Investments	-$1.5B
Sales/Maturities of Investments	$1.5B
Other Investing Activities	-$10M
NET CASH FROM INVESTING	-$302M
Net Debt Issuance	-$297M
Common Stock Repurchased	-$5M
Common Dividends Paid	-$51M
Other Financing Activities	$562M
NET CASH FROM FINANCING	$209M
FREE CASH FLOW	$205M
Net Change in Cash	$111M

Balance Sheet

Item	Amount
Cash & Equivalents	$133M
Short-Term Investments	$6.6B
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$6.7B
PP&E (Net)	$75M
Goodwill	$44M
Intangible Assets	$145M
Long-Term Investments	$7.4B
Tax Assets	$0
Other Non-Current Assets	$6.5B
TOTAL NON-CURRENT ASSETS	$14.3B
TOTAL ASSETS	$14.4B
Account Payables	$0
Short-Term Debt	$249M
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$249M
Long-Term Debt	$254M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$12.3B
TOTAL NON-CURRENT LIABILITIES	$12.6B
TOTAL LIABILITIES	$12.6B
Common Stock	$100.0K
Additional Paid-In Capital	$495M
Retained Earnings	$1.5B
Treasury Stock	-$493M
Accum. Other Comp. Income	$281M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.8B
Minority Interest	$0
TOTAL EQUITY	$1.8B
TOTAL LIABILITIES & EQUITY	$14.4B
Total Debt	$503M
Net Debt	$370M