UNM FY 2008 Earnings Report — Unum Group Revenue & Financial Results | Market Cap Arena

FY 2008 Earnings

Reported February 24, 2009

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2008	Prior Q	FY 2007	QoQ Change	YoY Change
Revenue	$10.0B	—	$10.5B	—	-5.1%
Op. Income	$824M	—	$997M	—	-17.4%
Gross Margin	19.2%	—	20.3%	—	-1.1pp
Net Margin	5.5%	—	6.5%	—	-0.9pp
EPS (Diluted)	$1.62	—	$1.91	—	-15.2%
Free Cash Flow	$1.3B	—	$1.8B	—	-24.2%

Revenue Flow

Item	Amount
REVENUE	$10.0B
Cost of Revenue	$8.1B
GROSS PROFIT	$1.9B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$773M
SG&A Expenses	$773M
Other Expenses	$315M
Operating Expenses	$1.1B
Cost & Expenses	$9.2B
OPERATING INCOME	$824M
Interest Income	$0
Interest Expense	$157M
Other Income/Expenses	$0
INCOME BEFORE TAX	$824M
Income Tax Expense	$271M
Net Income from Continuing Ops	$553M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$553M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$553M
D&A	$69M
EBIT	$981M
EBITDA	$1.0B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$10.0B
Cost of Revenue	$8.1B
GROSS PROFIT	$1.9B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$773M
SG&A Expenses	$773M
Other Expenses	$315M
Operating Expenses	$1.1B
Cost & Expenses	$9.2B
OPERATING INCOME	$824M
Interest Income	$0
Interest Expense	$157M
Other Income/Expenses	$0
INCOME BEFORE TAX	$824M
Income Tax Expense	$271M
Net Income from Continuing Ops	$553M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$553M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$553M
D&A	$69M
EBIT	$981M
EBITDA	$1.0B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$553M
Depreciation & Amortization	$69M
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	$159M
Change in Working Capital	$545M
OPERATING CASH FLOW	$1.3B
Capital Expenditure	$0
Acquisitions (Net)	$49M
Purchases of Investments	-$4.4B
Sales/Maturities of Investments	$4.0B
Other Investing Activities	-$91M
NET CASH FROM INVESTING	-$425M
Net Debt Issuance	-$240M
Common Stock Repurchased	-$700M
Common Dividends Paid	-$104M
Other Financing Activities	-$10M
NET CASH FROM FINANCING	-$1.0B
FREE CASH FLOW	$1.3B
Net Change in Cash	-$149M

Balance Sheet

Item	Amount
Cash & Equivalents	$50M
Short-Term Investments	$0
Net Receivables	$6.8B
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$6.8B
PP&E (Net)	$409M
Goodwill	$201M
Intangible Assets	$0
Long-Term Investments	$37.9B
Tax Assets	$439M
Other Non-Current Assets	$3.7B
TOTAL NON-CURRENT ASSETS	$42.6B
TOTAL ASSETS	$49.4B
Account Payables	$0
Short-Term Debt	$191M
Deferred Revenue	$464M
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$654M
Long-Term Debt	$2.3B
Deferred Revenue NC	$150M
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$40.0B
TOTAL NON-CURRENT LIABILITIES	$42.4B
TOTAL LIABILITIES	$43.0B
Common Stock	$36M
Additional Paid-In Capital	$2.5B
Retained Earnings	$5.5B
Treasury Stock	-$754M
Accum. Other Comp. Income	-$958M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$6.4B
Minority Interest	$0
TOTAL EQUITY	$6.4B
TOTAL LIABILITIES & EQUITY	$49.4B
Total Debt	$2.4B
Net Debt	$2.4B