UNM FY 2016 Earnings Report — Unum Group Revenue & Financial Results | Market Cap Arena

FY 2016 Earnings

Reported February 22, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2016	Prior Q	FY 2015	QoQ Change	YoY Change
Revenue	$11.0B	—	$10.7B	—	2.9%
Op. Income	$1.3B	—	$1.2B	—	8.8%
Gross Margin	28.8%	—	28.3%	—	0.4pp
Net Margin	8.4%	—	8.1%	—	0.4pp
EPS (Diluted)	$3.95	—	$3.50	—	12.9%
Free Cash Flow	$1.0B	—	$1.2B	—	-13.5%

Revenue Flow

Item	Amount
REVENUE	$11.0B
Cost of Revenue	$7.9B
GROSS PROFIT	$3.2B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$839M
SG&A Expenses	$839M
Other Expenses	$991M
Operating Expenses	$1.8B
Cost & Expenses	$9.7B
OPERATING INCOME	$1.3B
Interest Income	$0
Interest Expense	$166M
Other Income/Expenses	$0
INCOME BEFORE TAX	$1.3B
Income Tax Expense	$416M
Net Income from Continuing Ops	$931M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$931M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$931M
D&A	$102M
EBIT	$1.5B
EBITDA	$1.6B
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$11.0B
Cost of Revenue	$7.9B
GROSS PROFIT	$3.2B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$839M
SG&A Expenses	$839M
Other Expenses	$991M
Operating Expenses	$1.8B
Cost & Expenses	$9.7B
OPERATING INCOME	$1.3B
Interest Income	$0
Interest Expense	$166M
Other Income/Expenses	$0
INCOME BEFORE TAX	$1.3B
Income Tax Expense	$416M
Net Income from Continuing Ops	$931M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$931M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$931M
D&A	$102M
EBIT	$1.5B
EBITDA	$1.6B
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$931M
Depreciation & Amortization	$102M
Stock-Based Compensation	$22M
Deferred Income Tax	$0
Other Non-Cash Items	-$144M
Change in Working Capital	$227M
OPERATING CASH FLOW	$1.1B
Capital Expenditure	-$85M
Acquisitions (Net)	-$129M
Purchases of Investments	-$3.9B
Sales/Maturities of Investments	$3.4B
Other Investing Activities	$6M
NET CASH FROM INVESTING	-$710M
Net Debt Issuance	$195M
Common Stock Repurchased	-$405M
Common Dividends Paid	-$183M
Other Financing Activities	-$26M
NET CASH FROM FINANCING	-$419M
FREE CASH FLOW	$1.0B
Net Change in Cash	-$13M

Balance Sheet

Item	Amount
Cash & Equivalents	$100M
Short-Term Investments	$0
Net Receivables	$1.6B
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.7B
PP&E (Net)	$501M
Goodwill	$335M
Intangible Assets	$0
Long-Term Investments	$51.1B
Tax Assets	$1.6B
Other Non-Current Assets	$8.3B
TOTAL NON-CURRENT ASSETS	$61.8B
TOTAL ASSETS	$63.6B
Account Payables	$0
Short-Term Debt	$0
Deferred Revenue	$364M
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$364M
Long-Term Debt	$3.0B
Deferred Revenue NC	$24M
Deferred Tax Liabilities	$1.7B
Other Non-Current Liabilities	$49.5B
TOTAL NON-CURRENT LIABILITIES	$54.2B
TOTAL LIABILITIES	$54.6B
Common Stock	$30M
Additional Paid-In Capital	$2.3B
Retained Earnings	$8.7B
Treasury Stock	-$2.0B
Accum. Other Comp. Income	-$51M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$9.0B
Minority Interest	$0
TOTAL EQUITY	$9.0B
TOTAL LIABILITIES & EQUITY	$63.6B
Total Debt	$3.0B
Net Debt	$2.9B