UFCS FY 2015 Earnings Report — United Fire Group, Inc. Revenue & Financial Results | Market Cap Arena

United Fire Group, Inc.UFCS

FY 2015 Earnings

Reported February 26, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2015	Prior Q	FY 2014	QoQ Change	YoY Change
Revenue	$897M	—	$940M	—	-4.6%
Op. Income	$115M	—	$76M	—	50.9%
Gross Margin	19.3%	—	18.0%	—	1.3pp
Net Margin	9.9%	—	6.3%	—	3.6pp
EPS (Diluted)	$3.53	—	$2.32	—	52.2%
Free Cash Flow	$180M	—	$143M	—	26.0%

Revenue Flow

Item	Amount
REVENUE	$897M
Cost of Revenue	$724M
GROSS PROFIT	$173M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$58M
Operating Expenses	$58M
Cost & Expenses	$782M
OPERATING INCOME	$115M
Interest Income	$50M
Interest Expense	$0
Other Income/Expenses	$0
INCOME BEFORE TAX	$115M
Income Tax Expense	$30M
Net Income from Continuing Ops	$85M
Net Income from Discontinued Ops	$4M
Other Adjustments	$0
NET INCOME	$89M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$89M
D&A	$6M
EBIT	$115M
EBITDA	$122M
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$897M
Cost of Revenue	$724M
GROSS PROFIT	$173M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$58M
Operating Expenses	$58M
Cost & Expenses	$782M
OPERATING INCOME	$115M
Interest Income	$50M
Interest Expense	$0
Other Income/Expenses	$0
INCOME BEFORE TAX	$115M
Income Tax Expense	$30M
Net Income from Continuing Ops	$85M
Net Income from Discontinued Ops	$4M
Other Adjustments	$0
NET INCOME	$89M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$89M
D&A	$6M
EBIT	$115M
EBITDA	$122M
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$89M
Depreciation & Amortization	$6M
Stock-Based Compensation	$3M
Deferred Income Tax	-$4M
Other Non-Cash Items	$13M
Change in Working Capital	$83M
OPERATING CASH FLOW	$190M
Capital Expenditure	-$10M
Acquisitions (Net)	$0
Purchases of Investments	-$701M
Sales/Maturities of Investments	$670M
Other Investing Activities	$5M
NET CASH FROM INVESTING	-$36M
Net Debt Issuance	$0
Common Stock Repurchased	-$2M
Common Dividends Paid	-$22M
Other Financing Activities	-$119M
NET CASH FROM FINANCING	-$138M
FREE CASH FLOW	$180M
Net Change in Cash	$16M

Balance Sheet

Item	Amount
Cash & Equivalents	$106M
Short-Term Investments	$175.0K
Net Receivables	$277M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$383M
PP&E (Net)	$53M
Goodwill	$15M
Intangible Assets	$10M
Long-Term Investments	$0
Tax Assets	$15M
Other Non-Current Assets	$0
TOTAL NON-CURRENT ASSETS	$93M
TOTAL ASSETS	$3.9B
Account Payables	$0
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	-$201M
TOTAL CURRENT LIABILITIES	$5M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$3.0B
TOTAL NON-CURRENT LIABILITIES	$3.0B
TOTAL LIABILITIES	$3.0B
Common Stock	$25.0K
Additional Paid-In Capital	$207M
Retained Earnings	$591M
Treasury Stock	$0
Accum. Other Comp. Income	$80M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$879M
Minority Interest	$0
TOTAL EQUITY	$879M
TOTAL LIABILITIES & EQUITY	$3.9B
Total Debt	$0
Net Debt	-$106M