UNM FY 2017 Earnings Report — Unum Group Revenue & Financial Results | Market Cap Arena

FY 2017 Earnings

Reported February 21, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2017	Prior Q	FY 2016	QoQ Change	YoY Change
Revenue	$11.3B	—	$11.0B	—	2.2%
Op. Income	$1.4B	—	$1.3B	—	4.2%
Gross Margin	29.0%	—	28.8%	—	0.2pp
Net Margin	8.8%	—	8.4%	—	0.4pp
EPS (Diluted)	$4.37	—	$3.95	—	10.6%
Free Cash Flow	$1.0B	—	$1.0B	—	1.3%

Revenue Flow

Item	Amount
REVENUE	$11.3B
Cost of Revenue	$8.0B
GROSS PROFIT	$3.3B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$852M
SG&A Expenses	$852M
Other Expenses	$1.0B
Operating Expenses	$1.9B
Cost & Expenses	$9.9B
OPERATING INCOME	$1.4B
Interest Income	$0
Interest Expense	$160M
Other Income/Expenses	$0
INCOME BEFORE TAX	$1.4B
Income Tax Expense	$410M
Net Income from Continuing Ops	$994M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$994M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$994M
D&A	$103M
EBIT	$1.6B
EBITDA	$1.7B
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$11.3B
Cost of Revenue	$8.0B
GROSS PROFIT	$3.3B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$852M
SG&A Expenses	$852M
Other Expenses	$1.0B
Operating Expenses	$1.9B
Cost & Expenses	$9.9B
OPERATING INCOME	$1.4B
Interest Income	$0
Interest Expense	$160M
Other Income/Expenses	$0
INCOME BEFORE TAX	$1.4B
Income Tax Expense	$410M
Net Income from Continuing Ops	$994M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$994M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$994M
D&A	$103M
EBIT	$1.6B
EBITDA	$1.7B
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$994M
Depreciation & Amortization	$103M
Stock-Based Compensation	$30M
Deferred Income Tax	$0
Other Non-Cash Items	-$187M
Change in Working Capital	$254M
OPERATING CASH FLOW	$1.1B
Capital Expenditure	-$105M
Acquisitions (Net)	-$2.6B
Purchases of Investments	-$3.6B
Sales/Maturities of Investments	$3.3B
Other Investing Activities	$2.6B
NET CASH FROM INVESTING	-$485M
Net Debt Issuance	-$64M
Common Stock Repurchased	-$402M
Common Dividends Paid	-$196M
Other Financing Activities	-$37M
NET CASH FROM FINANCING	-$688M
FREE CASH FLOW	$1.0B
Net Change in Cash	-$23M

Balance Sheet

Item	Amount
Cash & Equivalents	$77M
Short-Term Investments	$0
Net Receivables	$1.7B
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.7B
PP&E (Net)	$505M
Goodwill	$339M
Intangible Assets	$0
Long-Term Investments	$53.0B
Tax Assets	$1.1B
Other Non-Current Assets	$8.4B
TOTAL NON-CURRENT ASSETS	$63.4B
TOTAL ASSETS	$65.1B
Account Payables	$0
Short-Term Debt	$200M
Deferred Revenue	$373M
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$573M
Long-Term Debt	$2.7B
Deferred Revenue NC	$18M
Deferred Tax Liabilities	$1.3B
Other Non-Current Liabilities	$50.9B
TOTAL NON-CURRENT LIABILITIES	$55.0B
TOTAL LIABILITIES	$55.5B
Common Stock	$31M
Additional Paid-In Capital	$2.3B
Retained Earnings	$9.5B
Treasury Stock	-$2.4B
Accum. Other Comp. Income	$127M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$9.6B
Minority Interest	$0
TOTAL EQUITY	$9.6B
TOTAL LIABILITIES & EQUITY	$65.1B
Total Debt	$2.9B
Net Debt	$2.9B