HUM FY 2018 Earnings Report — Humana Inc. Revenue & Financial Results | Market Cap Arena

FY 2018 Earnings

Reported February 21, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2018	Prior Q	FY 2017	QoQ Change	YoY Change
Revenue	$56.9B	—	$53.8B	—	5.8%
Op. Income	$2.1B	—	$3.3B	—	-37.6%
Gross Margin	19.7%	—	13.2%	—	6.5pp
Net Margin	3.0%	—	4.6%	—	-1.6pp
EPS (Diluted)	$12.16	—	$16.81	—	-27.7%
Free Cash Flow	$1.6B	—	$3.5B	—	-55.7%

Revenue Flow

Item	Amount
REVENUE	$56.9B
Cost of Revenue	$45.8B
GROSS PROFIT	$11.2B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$9.1B
Operating Expenses	$9.1B
Cost & Expenses	$54.9B
OPERATING INCOME	$2.1B
Interest Income	$0
Interest Expense	$218M
Other Income/Expenses	$0
INCOME BEFORE TAX	$2.1B
Income Tax Expense	$391M
Net Income from Continuing Ops	$1.7B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.7B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.7B
D&A	$534M
EBIT	$2.3B
EBITDA	$2.8B
EPS	$12
EPS Diluted	$12

Income Statement

Item	Amount
REVENUE	$56.9B
Cost of Revenue	$45.8B
GROSS PROFIT	$11.2B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$9.1B
Operating Expenses	$9.1B
Cost & Expenses	$54.9B
OPERATING INCOME	$2.1B
Interest Income	$0
Interest Expense	$218M
Other Income/Expenses	$0
INCOME BEFORE TAX	$2.1B
Income Tax Expense	$391M
Net Income from Continuing Ops	$1.7B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.7B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.7B
D&A	$534M
EBIT	$2.3B
EBITDA	$2.8B
EPS	$12
EPS Diluted	$12

Cash Flow Statement

Item	Amount
Net Income	$1.7B
Depreciation & Amortization	$534M
Stock-Based Compensation	$137M
Deferred Income Tax	$194M
Other Non-Cash Items	$792M
Change in Working Capital	-$1.2B
OPERATING CASH FLOW	$2.2B
Capital Expenditure	-$612M
Acquisitions (Net)	-$2.3B
Purchases of Investments	-$4.7B
Sales/Maturities of Investments	$4.5B
Other Investing Activities	-$2.1B
NET CASH FROM INVESTING	-$3.1B
Net Debt Issuance	$1.2B
Common Stock Repurchased	-$1.1B
Common Dividends Paid	-$265M
Other Financing Activities	-$595M
NET CASH FROM FINANCING	-$785M
FREE CASH FLOW	$1.6B
Net Change in Cash	-$1.7B

Balance Sheet

Item	Amount
Cash & Equivalents	$2.3B
Short-Term Investments	$0
Net Receivables	$1.0B
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$3.4B
PP&E (Net)	$1.7B
Goodwill	$3.9B
Intangible Assets	$245M
Long-Term Investments	$11.5B
Tax Assets	$245M
Other Non-Current Assets	$4.4B
TOTAL NON-CURRENT ASSETS	$22.0B
TOTAL ASSETS	$25.3B
Account Payables	$4.5B
Short-Term Debt	$1.7B
Deferred Revenue	$283M
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$6.5B
Long-Term Debt	$4.4B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$330M
Other Non-Current Liabilities	$4.0B
TOTAL NON-CURRENT LIABILITIES	$8.7B
TOTAL LIABILITIES	$15.2B
Common Stock	$33M
Additional Paid-In Capital	$2.5B
Retained Earnings	$15.1B
Treasury Stock	-$7.3B
Accum. Other Comp. Income	-$159M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$10.2B
Minority Interest	$0
TOTAL EQUITY	$10.2B
TOTAL LIABILITIES & EQUITY	$25.3B
Total Debt	$6.1B
Net Debt	$3.7B