KMPR Q3 2018 Earnings Report — Kemper Corporation Revenue & Financial Results | Market Cap Arena

Kemper CorporationKMPR

Q3 2018 Earnings

Reported November 5, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q3 2018	Q2 2018	Q3 2017	QoQ Change	YoY Change
Revenue	$1.2B	$742M	$690M	59.4%	71.3%
Op. Income	$81M	$46M	$68M	76.9%	17.9%
Gross Margin	26.8%	17.8%	21.8%	9.0pp	5.0pp
Net Margin	7.8%	5.1%	6.9%	2.7pp	0.9pp
EPS (Diluted)	$1.40	$0.73	$0.92	91.8%	52.2%
Free Cash Flow	$133M	$107M	$53M	24.5%	150.6%

Revenue Flow

Item	Amount
REVENUE	$1.2B
Cost of Revenue	$866M
GROSS PROFIT	$316M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$67M
SG&A Expenses	$67M
Other Expenses	$169M
Operating Expenses	$236M
Cost & Expenses	$1.1B
OPERATING INCOME	$81M
Interest Income	$73M
Interest Expense	$13M
Other Income/Expenses	$0
INCOME BEFORE TAX	$81M
Income Tax Expense	-$12M
Net Income from Continuing Ops	$92M
Net Income from Discontinued Ops	-$100.0K
Other Adjustments	$0
NET INCOME	$92M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$92M
D&A	$108M
EBIT	$94M
EBITDA	$202M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$1.2B
Cost of Revenue	$866M
GROSS PROFIT	$316M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$67M
SG&A Expenses	$67M
Other Expenses	$169M
Operating Expenses	$236M
Cost & Expenses	$1.1B
OPERATING INCOME	$81M
Interest Income	$73M
Interest Expense	$13M
Other Income/Expenses	$0
INCOME BEFORE TAX	$81M
Income Tax Expense	-$12M
Net Income from Continuing Ops	$92M
Net Income from Discontinued Ops	-$100.0K
Other Adjustments	$0
NET INCOME	$92M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$92M
D&A	$108M
EBIT	$94M
EBITDA	$202M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$92M
Depreciation & Amortization	$108M
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	$2M
Change in Working Capital	-$49M
OPERATING CASH FLOW	$154M
Capital Expenditure	-$21M
Acquisitions (Net)	-$564M
Purchases of Investments	-$1.5B
Sales/Maturities of Investments	$1.5B
Other Investing Activities	$700.0K
NET CASH FROM INVESTING	-$585M
Net Debt Issuance	-$110M
Common Stock Repurchased	$0
Common Dividends Paid	-$16M
Other Financing Activities	$100.0K
NET CASH FROM FINANCING	-$126M
FREE CASH FLOW	$133M
Net Change in Cash	-$557M

Balance Sheet

Item	Amount
Cash & Equivalents	$93M
Short-Term Investments	$6.8B
Net Receivables	$1.3B
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.0B
PP&E (Net)	$0
Goodwill	$1.1B
Intangible Assets	$447M
Long-Term Investments	$7.8B
Tax Assets	$40M
Other Non-Current Assets	-$7.8B
TOTAL NON-CURRENT ASSETS	$1.1B
TOTAL ASSETS	$11.8B
Account Payables	$0
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	-$583M
TOTAL CURRENT LIABILITIES	$58M
Long-Term Debt	$1.1B
Deferred Revenue NC	-$1.2B
Deferred Tax Liabilities	$40M
Other Non-Current Liabilities	$7.5B
TOTAL NON-CURRENT LIABILITIES	$8.7B
TOTAL LIABILITIES	$8.7B
Common Stock	$7M
Additional Paid-In Capital	$1.7B
Retained Earnings	$1.4B
Treasury Stock	$0
Accum. Other Comp. Income	$31M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$3.1B
Minority Interest	$0
TOTAL EQUITY	$3.1B
TOTAL LIABILITIES & EQUITY	$11.8B
Total Debt	$1.1B
Net Debt	$1.0B