HUM FY 2017 Earnings Report — Humana Inc. Revenue & Financial Results | Market Cap Arena

FY 2017 Earnings

Reported February 16, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2017	Prior Q	FY 2016	QoQ Change	YoY Change
Revenue	$53.8B	—	$54.4B	—	-1.1%
Op. Income	$3.3B	—	$1.7B	—	91.0%
Gross Margin	13.2%	—	14.3%	—	-1.1pp
Net Margin	4.6%	—	1.1%	—	3.4pp
EPS (Diluted)	$16.81	—	$4.07	—	313.0%
Free Cash Flow	$3.5B	—	$1.4B	—	150.2%

Revenue Flow

Item	Amount
REVENUE	$53.8B
Cost of Revenue	$43.4B
GROSS PROFIT	$7.1B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	-$242M
Operating Expenses	$7.1B
Cost & Expenses	$50.5B
OPERATING INCOME	$3.3B
Interest Income	$0
Interest Expense	$242M
Other Income/Expenses	$10.4B
INCOME BEFORE TAX	$4.0B
Income Tax Expense	$1.6B
Net Income from Continuing Ops	$2.4B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$2.4B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$2.4B
D&A	$485M
EBIT	$4.7B
EBITDA	-$936M
EPS	$17
EPS Diluted	$17

Income Statement

Item	Amount
REVENUE	$53.8B
Cost of Revenue	$43.4B
GROSS PROFIT	$7.1B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	-$242M
Operating Expenses	$7.1B
Cost & Expenses	$50.5B
OPERATING INCOME	$3.3B
Interest Income	$0
Interest Expense	$242M
Other Income/Expenses	$10.4B
INCOME BEFORE TAX	$4.0B
Income Tax Expense	$1.6B
Net Income from Continuing Ops	$2.4B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$2.4B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$2.4B
D&A	$485M
EBIT	$4.7B
EBITDA	-$936M
EPS	$17
EPS Diluted	$17

Cash Flow Statement

Item	Amount
Net Income	$2.4B
Depreciation & Amortization	$485M
Stock-Based Compensation	$157M
Deferred Income Tax	$132M
Other Non-Cash Items	$141M
Change in Working Capital	$688M
OPERATING CASH FLOW	$4.1B
Capital Expenditure	-$526M
Acquisitions (Net)	-$31M
Purchases of Investments	-$6.3B
Sales/Maturities of Investments	$3.9B
Other Investing Activities	$2M
NET CASH FROM INVESTING	-$2.9B
Net Debt Issuance	$755M
Common Stock Repurchased	-$3.4B
Common Dividends Paid	-$220M
Other Financing Activities	$1.9B
NET CASH FROM FINANCING	-$945M
FREE CASH FLOW	$3.5B
Net Change in Cash	$165M

Balance Sheet

Item	Amount
Cash & Equivalents	$4.0B
Short-Term Investments	$0
Net Receivables	$854M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$4.9B
PP&E (Net)	$1.6B
Goodwill	$3.3B
Intangible Assets	$226M
Long-Term Investments	$12.3B
Tax Assets	$547M
Other Non-Current Assets	$3.8B
TOTAL NON-CURRENT ASSETS	$21.8B
TOTAL ASSETS	$26.7B
Account Payables	$3.8B
Short-Term Debt	$150M
Deferred Revenue	$378M
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$4.4B
Long-Term Debt	$4.8B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$330M
Other Non-Current Liabilities	$7.4B
TOTAL NON-CURRENT LIABILITIES	$12.5B
TOTAL LIABILITIES	$16.8B
Common Stock	$33M
Additional Paid-In Capital	$2.4B
Retained Earnings	$13.7B
Treasury Stock	-$6.3B
Accum. Other Comp. Income	$19M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$9.8B
Minority Interest	$0
TOTAL EQUITY	$9.8B
TOTAL LIABILITIES & EQUITY	$26.7B
Total Debt	$4.9B
Net Debt	$878M