KMPB Q2 2019 Earnings Report — Kemper Corporation 5.875% Fixed Revenue & Financial Results | Market Cap Arena

Kemper Corporation 5.875% FixedKMPB

Q2 2019 Earnings

Reported August 5, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q2 2019	Q1 2019	Q2 2018	QoQ Change	YoY Change
Revenue	$1.3B	$1.2B	$742M	2.5%	70.9%
Op. Income	$149M	$195M	$46M	-23.7%	226.4%
Gross Margin	22.1%	26.4%	17.8%	-4.3pp	4.4pp
Net Margin	9.6%	12.6%	5.1%	-2.9pp	4.6pp
EPS (Diluted)	$1.84	$2.35	$0.73	-21.7%	152.1%
Free Cash Flow	$126M	$80M	$107M	58.2%	18.2%

Revenue Flow

Item	Amount
REVENUE	$1.3B
Cost of Revenue	$988M
GROSS PROFIT	$280M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$75M
SG&A Expenses	$75M
Other Expenses	$57M
Operating Expenses	$132M
Cost & Expenses	$1.1B
OPERATING INCOME	$149M
Interest Income	$83M
Interest Expense	$12M
Other Income/Expenses	$0
INCOME BEFORE TAX	$149M
Income Tax Expense	$26M
Net Income from Continuing Ops	$122M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$122M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$122M
D&A	$20M
EBIT	$160M
EBITDA	$180M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$1.3B
Cost of Revenue	$988M
GROSS PROFIT	$280M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$75M
SG&A Expenses	$75M
Other Expenses	$57M
Operating Expenses	$132M
Cost & Expenses	$1.1B
OPERATING INCOME	$149M
Interest Income	$83M
Interest Expense	$12M
Other Income/Expenses	$0
INCOME BEFORE TAX	$149M
Income Tax Expense	$26M
Net Income from Continuing Ops	$122M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$122M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$122M
D&A	$20M
EBIT	$160M
EBITDA	$180M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$122M
Depreciation & Amortization	$20M
Stock-Based Compensation	-$100.0K
Deferred Income Tax	$0
Other Non-Cash Items	-$35M
Change in Working Capital	$41M
OPERATING CASH FLOW	$148M
Capital Expenditure	-$21M
Acquisitions (Net)	-$26M
Purchases of Investments	-$396M
Sales/Maturities of Investments	$299M
Other Investing Activities	-$50M
NET CASH FROM INVESTING	-$194M
Net Debt Issuance	$0
Common Stock Repurchased	$0
Common Dividends Paid	-$16M
Other Financing Activities	$60M
NET CASH FROM FINANCING	$44M
FREE CASH FLOW	$126M
Net Change in Cash	-$3M

Balance Sheet

Item	Amount
Cash & Equivalents	$104M
Short-Term Investments	$7.2B
Net Receivables	$1.3B
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$995M
PP&E (Net)	$0
Goodwill	$1.1B
Intangible Assets	$521M
Long-Term Investments	$8.4B
Tax Assets	$124M
Other Non-Current Assets	-$8.4B
TOTAL NON-CURRENT ASSETS	$1.2B
TOTAL ASSETS	$12.6B
Account Payables	$0
Short-Term Debt	$98M
Deferred Revenue	$0
Other Current Liabilities	-$825M
TOTAL CURRENT LIABILITIES	$41M
Long-Term Debt	$930M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$124M
Other Non-Current Liabilities	$7.9B
TOTAL NON-CURRENT LIABILITIES	$8.9B
TOTAL LIABILITIES	$8.9B
Common Stock	$7M
Additional Paid-In Capital	$1.8B
Retained Earnings	$1.6B
Treasury Stock	$0
Accum. Other Comp. Income	$277M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$3.7B
Minority Interest	$0
TOTAL EQUITY	$3.7B
TOTAL LIABILITIES & EQUITY	$12.6B
Total Debt	$1.0B
Net Debt	$924M