KMPB FY 2017 Earnings Report — Kemper Corporation 5.875% Fixed Revenue & Financial Results | Market Cap Arena

Kemper Corporation 5.875% FixedKMPB

FY 2017 Earnings

Reported February 13, 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	$2.7B	—	$2.5B	—	5.8%
Op. Income	$161M	—	$4M	—	4502.9%
Gross Margin	16.5%	—	14.2%	—	2.3pp
Net Margin	4.5%	—	0.7%	—	3.9pp
EPS (Diluted)	$2.33	—	$0.33	—	606.1%
Free Cash Flow	$205M	—	$223M	—	-8.0%

Revenue Flow

Item	Amount
REVENUE	$2.7B
Cost of Revenue	$2.2B
GROSS PROFIT	$439M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$196M
SG&A Expenses	$196M
Other Expenses	$82M
Operating Expenses	$278M
Cost & Expenses	$2.5B
OPERATING INCOME	$161M
Interest Income	$256M
Interest Expense	$35M
Other Income/Expenses	$0
INCOME BEFORE TAX	$161M
Income Tax Expense	$41M
Net Income from Continuing Ops	$120M
Net Income from Discontinued Ops	$1M
Other Adjustments	$0
NET INCOME	$121M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$120M
D&A	$18M
EBIT	$196M
EBITDA	$214M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$2.7B
Cost of Revenue	$2.2B
GROSS PROFIT	$439M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$196M
SG&A Expenses	$196M
Other Expenses	$82M
Operating Expenses	$278M
Cost & Expenses	$2.5B
OPERATING INCOME	$161M
Interest Income	$256M
Interest Expense	$35M
Other Income/Expenses	$0
INCOME BEFORE TAX	$161M
Income Tax Expense	$41M
Net Income from Continuing Ops	$120M
Net Income from Discontinued Ops	$1M
Other Adjustments	$0
NET INCOME	$121M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$120M
D&A	$18M
EBIT	$196M
EBITDA	$214M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$121M
Depreciation & Amortization	$18M
Stock-Based Compensation	$9M
Deferred Income Tax	$0
Other Non-Cash Items	-$34M
Change in Working Capital	$136M
OPERATING CASH FLOW	$241M
Capital Expenditure	-$36M
Acquisitions (Net)	$20M
Purchases of Investments	-$1.1B
Sales/Maturities of Investments	$952M
Other Investing Activities	$22M
NET CASH FROM INVESTING	-$105M
Net Debt Issuance	-$160M
Common Stock Repurchased	$0
Common Dividends Paid	-$50M
Other Financing Activities	$4M
NET CASH FROM FINANCING	-$205M
FREE CASH FLOW	$205M
Net Change in Cash	-$70M

Balance Sheet

Item	Amount
Cash & Equivalents	$46M
Short-Term Investments	$5.6B
Net Receivables	$0
Inventory	-$1.0B
Other Current Assets	$0
TOTAL CURRENT ASSETS	$6.2B
PP&E (Net)	$6.4B
Goodwill	$323M
Intangible Assets	$181M
Long-Term Investments	$6.3B
Tax Assets	$197M
Other Non-Current Assets	-$6.6B
TOTAL NON-CURRENT ASSETS	$6.6B
TOTAL ASSETS	$8.4B
Account Payables	$0
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$4.6B
TOTAL CURRENT LIABILITIES	$5.0B
Long-Term Debt	$592M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$15M
Other Non-Current Liabilities	$5.7B
TOTAL NON-CURRENT LIABILITIES	$607M
TOTAL LIABILITIES	$607M
Common Stock	$5M
Additional Paid-In Capital	$673M
Retained Earnings	$1.2B
Treasury Stock	$0
Accum. Other Comp. Income	$194M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.1B
Minority Interest	$0
TOTAL EQUITY	$2.1B
TOTAL LIABILITIES & EQUITY	$8.4B
Total Debt	$592M
Net Debt	$547M