HUM FY 2014 Earnings Report — Humana Inc. Revenue & Financial Results | Market Cap Arena

FY 2014 Earnings

Reported February 18, 2015

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2014	Prior Q	FY 2013	QoQ Change	YoY Change
Revenue	$48.5B	—	$41.3B	—	17.4%
Op. Income	$2.4B	—	$2.1B	—	14.6%
Gross Margin	16.4%	—	16.2%	—	0.2pp
Net Margin	2.4%	—	3.0%	—	-0.6pp
EPS (Diluted)	$7.36	—	$7.73	—	-4.8%
Free Cash Flow	$1.1B	—	$1.3B	—	-14.8%

Revenue Flow

Item	Amount
REVENUE	$48.5B
Cost of Revenue	$38.2B
GROSS PROFIT	$8.0B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	-$192M
Operating Expenses	$8.0B
Cost & Expenses	$46.1B
OPERATING INCOME	$2.4B
Interest Income	$0
Interest Expense	$192M
Other Income/Expenses	$10.3B
INCOME BEFORE TAX	$2.2B
Income Tax Expense	$1.0B
Net Income from Continuing Ops	$1.1B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.1B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.1B
D&A	$449M
EBIT	$2.8B
EBITDA	$0
EPS	$7
EPS Diluted	$7

Income Statement

Item	Amount
REVENUE	$48.5B
Cost of Revenue	$38.2B
GROSS PROFIT	$8.0B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	-$192M
Operating Expenses	$8.0B
Cost & Expenses	$46.1B
OPERATING INCOME	$2.4B
Interest Income	$0
Interest Expense	$192M
Other Income/Expenses	$10.3B
INCOME BEFORE TAX	$2.2B
Income Tax Expense	$1.0B
Net Income from Continuing Ops	$1.1B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.1B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.1B
D&A	$449M
EBIT	$2.8B
EBITDA	$0
EPS	$7
EPS Diluted	$7

Cash Flow Statement

Item	Amount
Net Income	$1.1B
Depreciation & Amortization	$449M
Stock-Based Compensation	$98M
Deferred Income Tax	-$64M
Other Non-Cash Items	$22M
Change in Working Capital	-$34M
OPERATING CASH FLOW	$1.6B
Capital Expenditure	-$528M
Acquisitions (Net)	$54M
Purchases of Investments	-$2.9B
Sales/Maturities of Investments	$3.3B
Other Investing Activities	$483M
NET CASH FROM INVESTING	-$63M
Net Debt Issuance	$1.2B
Common Stock Repurchased	-$872M
Common Dividends Paid	-$172M
Other Financing Activities	-$878M
NET CASH FROM FINANCING	-$758M
FREE CASH FLOW	$1.1B
Net Change in Cash	$797M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.9B
Short-Term Investments	$0
Net Receivables	$1.1B
Inventory	$0
Other Current Assets	-$283M
TOTAL CURRENT ASSETS	$2.7B
PP&E (Net)	$1.2B
Goodwill	$3.2B
Intangible Assets	$440M
Long-Term Investments	$9.5B
Tax Assets	$725M
Other Non-Current Assets	$5.6B
TOTAL NON-CURRENT ASSETS	$20.7B
TOTAL ASSETS	$23.4B
Account Payables	$4.5B
Short-Term Debt	$0
Deferred Revenue	$361M
Other Current Liabilities	$27M
TOTAL CURRENT LIABILITIES	$4.8B
Long-Term Debt	$3.8B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$569M
Other Non-Current Liabilities	$4.6B
TOTAL NON-CURRENT LIABILITIES	$9.0B
TOTAL LIABILITIES	$13.8B
Common Stock	$33M
Additional Paid-In Capital	$2.3B
Retained Earnings	$9.9B
Treasury Stock	-$2.9B
Accum. Other Comp. Income	$223M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$9.6B
Minority Interest	$0
TOTAL EQUITY	$9.6B
TOTAL LIABILITIES & EQUITY	$23.4B
Total Debt	$3.8B
Net Debt	$1.9B