HUM FY 2016 Earnings Report — Humana Inc. Revenue & Financial Results | Market Cap Arena

FY 2016 Earnings

Reported February 17, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2016	Prior Q	FY 2015	QoQ Change	YoY Change
Revenue	$54.4B	—	$54.3B	—	0.2%
Op. Income	$1.7B	—	$2.3B	—	-25.8%
Gross Margin	14.3%	—	14.3%	—	-0.0pp
Net Margin	1.1%	—	2.4%	—	-1.2pp
EPS (Diluted)	$4.07	—	$8.44	—	-51.8%
Free Cash Flow	$1.4B	—	$345M	—	308.4%

Revenue Flow

Item	Amount
REVENUE	$54.4B
Cost of Revenue	$44.9B
GROSS PROFIT	$7.8B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	-$189M
Operating Expenses	$7.8B
Cost & Expenses	$52.7B
OPERATING INCOME	$1.7B
Interest Income	$0
Interest Expense	$189M
Other Income/Expenses	$9.5B
INCOME BEFORE TAX	$1.6B
Income Tax Expense	$938M
Net Income from Continuing Ops	$614M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$614M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$614M
D&A	$465M
EBIT	$2.2B
EBITDA	$0
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$54.4B
Cost of Revenue	$44.9B
GROSS PROFIT	$7.8B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	-$189M
Operating Expenses	$7.8B
Cost & Expenses	$52.7B
OPERATING INCOME	$1.7B
Interest Income	$0
Interest Expense	$189M
Other Income/Expenses	$9.5B
INCOME BEFORE TAX	$1.6B
Income Tax Expense	$938M
Net Income from Continuing Ops	$614M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$614M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$614M
D&A	$465M
EBIT	$2.2B
EBITDA	$0
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$614M
Depreciation & Amortization	$465M
Stock-Based Compensation	$115M
Deferred Income Tax	-$71M
Other Non-Cash Items	$66M
Change in Working Capital	$747M
OPERATING CASH FLOW	$1.9B
Capital Expenditure	-$527M
Acquisitions (Net)	-$7M
Purchases of Investments	-$6.6B
Sales/Maturities of Investments	$5.7B
Other Investing Activities	-$828M
NET CASH FROM INVESTING	-$1.4B
Net Debt Issuance	$0
Common Stock Repurchased	-$104M
Common Dividends Paid	-$177M
Other Financing Activities	$1.0B
NET CASH FROM FINANCING	$732M
FREE CASH FLOW	$1.4B
Net Change in Cash	$1.3B

Balance Sheet

Item	Amount
Cash & Equivalents	$3.9B
Short-Term Investments	$0
Net Receivables	$1.3B
Inventory	$0
Other Current Assets	-$461M
TOTAL CURRENT ASSETS	$4.7B
PP&E (Net)	$1.5B
Goodwill	$3.3B
Intangible Assets	$280M
Long-Term Investments	$9.8B
Tax Assets	$815M
Other Non-Current Assets	$5.4B
TOTAL NON-CURRENT ASSETS	$21.1B
TOTAL ASSETS	$25.8B
Account Payables	$4.6B
Short-Term Debt	$600M
Deferred Revenue	$280M
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$5.4B
Long-Term Debt	$3.5B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$416M
Other Non-Current Liabilities	$5.8B
TOTAL NON-CURRENT LIABILITIES	$9.7B
TOTAL LIABILITIES	$15.1B
Common Stock	$33M
Additional Paid-In Capital	$2.6B
Retained Earnings	$11.5B
Treasury Stock	-$3.3B
Accum. Other Comp. Income	-$66M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$10.7B
Minority Interest	$0
TOTAL EQUITY	$10.7B
TOTAL LIABILITIES & EQUITY	$25.8B
Total Debt	$4.1B
Net Debt	$215M