KMPB FY 2020 Earnings Report — Kemper Corporation 5.875% Fixed Revenue & Financial Results | Market Cap Arena

Kemper Corporation 5.875% FixedKMPB

FY 2020 Earnings

Reported February 10, 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	$5.2B	—	$5.0B	—	3.2%
Op. Income	$510M	—	$662M	—	-22.9%
Gross Margin	22.4%	—	23.7%	—	-1.3pp
Net Margin	7.9%	—	10.6%	—	-2.7pp
EPS (Diluted)	$6.14	—	$7.96	—	-22.9%
Free Cash Flow	$395M	—	$450M	—	-12.4%

Revenue Flow

Item	Amount
REVENUE	$5.2B
Cost of Revenue	$4.0B
GROSS PROFIT	$1.2B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$372M
SG&A Expenses	$372M
Other Expenses	$279M
Operating Expenses	$651M
Cost & Expenses	$4.7B
OPERATING INCOME	$510M
Interest Income	$305M
Interest Expense	$36M
Other Income/Expenses	$0
INCOME BEFORE TAX	$510M
Income Tax Expense	$100M
Net Income from Continuing Ops	$410M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$410M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$410M
D&A	$55M
EBIT	$546M
EBITDA	$601M
EPS	$6
EPS Diluted	$6

Income Statement

Item	Amount
REVENUE	$5.2B
Cost of Revenue	$4.0B
GROSS PROFIT	$1.2B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$372M
SG&A Expenses	$372M
Other Expenses	$279M
Operating Expenses	$651M
Cost & Expenses	$4.7B
OPERATING INCOME	$510M
Interest Income	$305M
Interest Expense	$36M
Other Income/Expenses	$0
INCOME BEFORE TAX	$510M
Income Tax Expense	$100M
Net Income from Continuing Ops	$410M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$410M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$410M
D&A	$55M
EBIT	$546M
EBITDA	$601M
EPS	$6
EPS Diluted	$6

Cash Flow Statement

Item	Amount
Net Income	$410M
Depreciation & Amortization	$55M
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	-$31M
Change in Working Capital	$14M
OPERATING CASH FLOW	$448M
Capital Expenditure	-$53M
Acquisitions (Net)	$0
Purchases of Investments	-$2.1B
Sales/Maturities of Investments	$1.5B
Other Investing Activities	-$9M
NET CASH FROM INVESTING	-$757M
Net Debt Issuance	$397M
Common Stock Repurchased	-$110M
Common Dividends Paid	-$79M
Other Financing Activities	$171M
NET CASH FROM FINANCING	$378M
FREE CASH FLOW	$395M
Net Change in Cash	$69M

Balance Sheet

Item	Amount
Cash & Equivalents	$206M
Short-Term Investments	$875M
Net Receivables	$1.4B
Inventory	$0
Other Current Assets	-$2.5B
TOTAL CURRENT ASSETS	$0
PP&E (Net)	$0
Goodwill	$1.1B
Intangible Assets	$320M
Long-Term Investments	$9.6B
Tax Assets	$0
Other Non-Current Assets	-$11.1B
TOTAL NON-CURRENT ASSETS	$0
TOTAL ASSETS	$14.3B
Account Payables	$0
Short-Term Debt	$449M
Deferred Revenue	$0
Other Current Liabilities	-$1.2B
TOTAL CURRENT LIABILITIES	$0
Long-Term Debt	$724M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$286M
Other Non-Current Liabilities	-$1.0B
TOTAL NON-CURRENT LIABILITIES	$0
TOTAL LIABILITIES	$9.8B
Common Stock	$7M
Additional Paid-In Capital	$1.8B
Retained Earnings	$2.1B
Treasury Stock	$0
Accum. Other Comp. Income	$681M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$4.6B
Minority Interest	$0
TOTAL EQUITY	$4.6B
TOTAL LIABILITIES & EQUITY	$14.3B
Total Debt	$1.2B
Net Debt	$967M