HUM FY 2019 Earnings Report — Humana Inc. Revenue & Financial Results | Market Cap Arena

FY 2019 Earnings

Reported February 20, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2019	Prior Q	FY 2018	QoQ Change	YoY Change
Revenue	$64.9B	—	$56.9B	—	14.0%
Op. Income	$3.5B	—	$2.1B	—	67.3%
Gross Margin	17.2%	—	19.7%	—	-2.4pp
Net Margin	4.2%	—	3.0%	—	1.2pp
EPS (Diluted)	$20.10	—	$12.16	—	65.3%
Free Cash Flow	$4.5B	—	$1.6B	—	191.4%

Revenue Flow

Item	Amount
REVENUE	$64.9B
Cost of Revenue	$53.7B
GROSS PROFIT	$11.2B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$7.7B
Operating Expenses	$7.7B
Cost & Expenses	$61.5B
OPERATING INCOME	$3.5B
Interest Income	$0
Interest Expense	$242M
Other Income/Expenses	$0
INCOME BEFORE TAX	$3.5B
Income Tax Expense	$763M
Net Income from Continuing Ops	$2.7B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$2.7B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$2.7B
D&A	$575M
EBIT	$3.7B
EBITDA	$4.3B
EPS	$20
EPS Diluted	$20

Income Statement

Item	Amount
REVENUE	$64.9B
Cost of Revenue	$53.7B
GROSS PROFIT	$11.2B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$7.7B
Operating Expenses	$7.7B
Cost & Expenses	$61.5B
OPERATING INCOME	$3.5B
Interest Income	$0
Interest Expense	$242M
Other Income/Expenses	$0
INCOME BEFORE TAX	$3.5B
Income Tax Expense	$763M
Net Income from Continuing Ops	$2.7B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$2.7B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$2.7B
D&A	$575M
EBIT	$3.7B
EBITDA	$4.3B
EPS	$20
EPS Diluted	$20

Cash Flow Statement

Item	Amount
Net Income	$2.7B
Depreciation & Amortization	$575M
Stock-Based Compensation	$163M
Deferred Income Tax	$162M
Other Non-Cash Items	$14M
Change in Working Capital	$1.7B
OPERATING CASH FLOW	$5.3B
Capital Expenditure	-$736M
Acquisitions (Net)	$542M
Purchases of Investments	-$6.4B
Sales/Maturities of Investments	$5.8B
Other Investing Activities	-$542M
NET CASH FROM INVESTING	-$1.3B
Net Debt Issuance	-$423M
Common Stock Repurchased	-$1.1B
Common Dividends Paid	-$291M
Other Financing Activities	-$511M
NET CASH FROM FINANCING	-$2.3B
FREE CASH FLOW	$4.5B
Net Change in Cash	$1.7B

Balance Sheet

Item	Amount
Cash & Equivalents	$4.1B
Short-Term Investments	$0
Net Receivables	$1.1B
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$5.1B
PP&E (Net)	$2.4B
Goodwill	$3.9B
Intangible Assets	$177M
Long-Term Investments	$12.4B
Tax Assets	$236M
Other Non-Current Assets	$4.8B
TOTAL NON-CURRENT ASSETS	$23.9B
TOTAL ASSETS	$29.0B
Account Payables	$5.7B
Short-Term Debt	$815M
Deferred Revenue	$247M
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$6.8B
Long-Term Debt	$5.0B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$577M
Other Non-Current Liabilities	$4.3B
TOTAL NON-CURRENT LIABILITIES	$10.2B
TOTAL LIABILITIES	$17.0B
Common Stock	$33M
Additional Paid-In Capital	$2.8B
Retained Earnings	$17.5B
Treasury Stock	-$8.5B
Accum. Other Comp. Income	$156M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$12.0B
Minority Interest	$0
TOTAL EQUITY	$12.0B
TOTAL LIABILITIES & EQUITY	$29.0B
Total Debt	$6.1B
Net Debt	$2.1B