HUM FY 2020 Earnings Report — Humana Inc. Revenue & Financial Results | Market Cap Arena

FY 2020 Earnings

Reported February 18, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2020	Prior Q	FY 2019	QoQ Change	YoY Change
Revenue	$77.2B	—	$64.9B	—	18.9%
Op. Income	$4.7B	—	$3.5B	—	34.7%
Gross Margin	20.3%	—	17.2%	—	3.1pp
Net Margin	4.4%	—	4.2%	—	0.2pp
EPS (Diluted)	$25.31	—	$20.10	—	25.9%
Free Cash Flow	$4.7B	—	$4.5B	—	2.8%

Revenue Flow

Item	Amount
REVENUE	$77.2B
Cost of Revenue	$61.5B
GROSS PROFIT	$15.7B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$11.0B
Operating Expenses	$11.0B
Cost & Expenses	$72.5B
OPERATING INCOME	$4.7B
Interest Income	$0
Interest Expense	$283M
Other Income/Expenses	$0
INCOME BEFORE TAX	$4.7B
Income Tax Expense	$1.3B
Net Income from Continuing Ops	$3.4B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$3.4B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$3.4B
D&A	$616M
EBIT	$5.0B
EBITDA	$5.6B
EPS	$25
EPS Diluted	$25

Income Statement

Item	Amount
REVENUE	$77.2B
Cost of Revenue	$61.5B
GROSS PROFIT	$15.7B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$11.0B
Operating Expenses	$11.0B
Cost & Expenses	$72.5B
OPERATING INCOME	$4.7B
Interest Income	$0
Interest Expense	$283M
Other Income/Expenses	$0
INCOME BEFORE TAX	$4.7B
Income Tax Expense	$1.3B
Net Income from Continuing Ops	$3.4B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$3.4B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$3.4B
D&A	$616M
EBIT	$5.0B
EBITDA	$5.6B
EPS	$25
EPS Diluted	$25

Cash Flow Statement

Item	Amount
Net Income	$3.4B
Depreciation & Amortization	$616M
Stock-Based Compensation	$181M
Deferred Income Tax	$195M
Other Non-Cash Items	-$863M
Change in Working Capital	$2.1B
OPERATING CASH FLOW	$5.6B
Capital Expenditure	-$964M
Acquisitions (Net)	-$709M
Purchases of Investments	-$9.1B
Sales/Maturities of Investments	$7.7B
Other Investing Activities	$0
NET CASH FROM INVESTING	-$3.1B
Net Debt Issuance	$1.1B
Common Stock Repurchased	-$1.8B
Common Dividends Paid	-$323M
Other Financing Activities	-$890M
NET CASH FROM FINANCING	-$2.0B
FREE CASH FLOW	$4.7B
Net Change in Cash	$619M

Balance Sheet

Item	Amount
Cash & Equivalents	$4.7B
Short-Term Investments	$0
Net Receivables	$1.1B
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$5.8B
PP&E (Net)	$2.8B
Goodwill	$4.4B
Intangible Assets	$329M
Long-Term Investments	$14.9B
Tax Assets	$302M
Other Non-Current Assets	$6.4B
TOTAL NON-CURRENT ASSETS	$29.3B
TOTAL ASSETS	$35.1B
Account Payables	$7.9B
Short-Term Debt	$729M
Deferred Revenue	$318M
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$9.0B
Long-Term Debt	$6.1B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$961M
Other Non-Current Liabilities	$5.0B
TOTAL NON-CURRENT LIABILITIES	$12.4B
TOTAL LIABILITIES	$21.3B
Common Stock	$33M
Additional Paid-In Capital	$2.7B
Retained Earnings	$20.5B
Treasury Stock	-$9.9B
Accum. Other Comp. Income	$391M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$13.7B
Minority Interest	$0
TOTAL EQUITY	$13.7B
TOTAL LIABILITIES & EQUITY	$35.1B
Total Debt	$7.1B
Net Debt	$2.5B