LNC Q2 2016 Earnings Report — Lincoln National Corporation Revenue & Financial Results | Market Cap Arena

Lincoln National CorporationLNC

Q2 2016 Earnings

Reported August 4, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q2 2016	Q1 2016	Q2 2015	QoQ Change	YoY Change
Revenue	$3.3B	$3.2B	—	2.0%	—
Op. Income	$414M	$235M	—	76.2%	—
Gross Margin	14.6%	9.3%	—	5.2pp	—
Net Margin	9.8%	6.5%	—	3.3pp	—
EPS (Diluted)	$1.35	$0.83	—	62.7%	—
Free Cash Flow	$238M	$298M	—	-20.1%	—

Revenue Flow

Item	Amount
REVENUE	$3.3B
Cost of Revenue	$2.8B
GROSS PROFIT	$482M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$68M
Operating Expenses	$68M
Cost & Expenses	$2.9B
OPERATING INCOME	$414M
Interest Income	$0
Interest Expense	$68M
Other Income/Expenses	$0
INCOME BEFORE TAX	$414M
Income Tax Expense	$89M
Net Income from Continuing Ops	$325M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$325M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$325M
D&A	$0
EBIT	$482M
EBITDA	$482M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$3.3B
Cost of Revenue	$2.8B
GROSS PROFIT	$482M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$68M
Operating Expenses	$68M
Cost & Expenses	$2.9B
OPERATING INCOME	$414M
Interest Income	$0
Interest Expense	$68M
Other Income/Expenses	$0
INCOME BEFORE TAX	$414M
Income Tax Expense	$89M
Net Income from Continuing Ops	$325M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$325M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$325M
D&A	$0
EBIT	$482M
EBITDA	$482M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$325M
Depreciation & Amortization	$0
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	$329M
Change in Working Capital	-$416M
OPERATING CASH FLOW	$238M
Capital Expenditure	$0
Acquisitions (Net)	$0
Purchases of Investments	-$2.5B
Sales/Maturities of Investments	$1.9B
Other Investing Activities	$1.0B
NET CASH FROM INVESTING	$467M
Net Debt Issuance	$0
Common Stock Repurchased	-$275M
Common Dividends Paid	-$62M
Other Financing Activities	$568M
NET CASH FROM FINANCING	$231M
FREE CASH FLOW	$238M
Net Change in Cash	$936M

Balance Sheet

Item	Amount
Cash & Equivalents	$4.1B
Short-Term Investments	$92.3B
Net Receivables	$5.9B
Inventory	$0
Other Current Assets	$13.4B
TOTAL CURRENT ASSETS	$115.8B
PP&E (Net)	$0
Goodwill	$2.3B
Intangible Assets	$8.3B
Long-Term Investments	$94.2B
Tax Assets	$0
Other Non-Current Assets	$50.8B
TOTAL NON-CURRENT ASSETS	$147.3B
TOTAL ASSETS	$263.0B
Account Payables	$0
Short-Term Debt	$250M
Deferred Revenue	$0
Other Current Liabilities	-$6.5B
TOTAL CURRENT LIABILITIES	$241.6B
Long-Term Debt	$5.5B
Deferred Revenue NC	$61M
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$241.4B
TOTAL NON-CURRENT LIABILITIES	$5.5B
TOTAL LIABILITIES	$247.1B
Common Stock	$6.0B
Additional Paid-In Capital	$6.0B
Retained Earnings	$6.7B
Treasury Stock	$0
Accum. Other Comp. Income	$3.2B
Other Equity	-$6.0B
TOTAL STOCKHOLDERS' EQUITY	$15.9B
Minority Interest	$0
TOTAL EQUITY	$15.9B
TOTAL LIABILITIES & EQUITY	$263.0B
Total Debt	$5.7B
Net Debt	$1.6B