UNM FY 2019 Earnings Report — Unum Group Revenue & Financial Results | Market Cap Arena

FY 2019 Earnings

Reported February 18, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2019	Prior Q	FY 2018	QoQ Change	YoY Change
Revenue	$12.0B	—	$11.6B	—	3.4%
Op. Income	$1.4B	—	$628M	—	120.1%
Gross Margin	28.5%	—	22.2%	—	6.4pp
Net Margin	9.2%	—	4.5%	—	4.7pp
EPS (Diluted)	$5.24	—	$2.38	—	120.2%
Free Cash Flow	$1.6B	—	$1.4B	—	14.2%

Revenue Flow

Item	Amount
REVENUE	$12.0B
Cost of Revenue	$8.6B
GROSS PROFIT	$3.4B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$898M
SG&A Expenses	$898M
Other Expenses	$1.1B
Operating Expenses	$2.0B
Cost & Expenses	$10.6B
OPERATING INCOME	$1.4B
Interest Income	$0
Interest Expense	$177M
Other Income/Expenses	$0
INCOME BEFORE TAX	$1.4B
Income Tax Expense	$282M
Net Income from Continuing Ops	$1.1B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.1B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.1B
D&A	$110M
EBIT	$1.6B
EBITDA	$1.7B
EPS	$5
EPS Diluted	$5

Income Statement

Item	Amount
REVENUE	$12.0B
Cost of Revenue	$8.6B
GROSS PROFIT	$3.4B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$898M
SG&A Expenses	$898M
Other Expenses	$1.1B
Operating Expenses	$2.0B
Cost & Expenses	$10.6B
OPERATING INCOME	$1.4B
Interest Income	$0
Interest Expense	$177M
Other Income/Expenses	$0
INCOME BEFORE TAX	$1.4B
Income Tax Expense	$282M
Net Income from Continuing Ops	$1.1B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.1B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.1B
D&A	$110M
EBIT	$1.6B
EBITDA	$1.7B
EPS	$5
EPS Diluted	$5

Cash Flow Statement

Item	Amount
Net Income	$1.1B
Depreciation & Amortization	$110M
Stock-Based Compensation	$27M
Deferred Income Tax	-$27M
Other Non-Cash Items	-$133M
Change in Working Capital	$664M
OPERATING CASH FLOW	$1.7B
Capital Expenditure	-$151M
Acquisitions (Net)	$0
Purchases of Investments	-$4.6B
Sales/Maturities of Investments	$3.7B
Other Investing Activities	-$371M
NET CASH FROM INVESTING	-$1.4B
Net Debt Issuance	$323M
Common Stock Repurchased	-$400M
Common Dividends Paid	-$229M
Other Financing Activities	-$58M
NET CASH FROM FINANCING	-$358M
FREE CASH FLOW	$1.6B
Net Change in Cash	-$10M

Balance Sheet

Item	Amount
Cash & Equivalents	$84M
Short-Term Investments	$0
Net Receivables	$1.6B
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.7B
PP&E (Net)	$643M
Goodwill	$352M
Intangible Assets	$0
Long-Term Investments	$55.8B
Tax Assets	$1.3B
Other Non-Current Assets	$8.6B
TOTAL NON-CURRENT ASSETS	$66.7B
TOTAL ASSETS	$68.4B
Account Payables	$0
Short-Term Debt	$426M
Deferred Revenue	$364M
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$790M
Long-Term Debt	$3.0B
Deferred Revenue NC	$9M
Deferred Tax Liabilities	$1.4B
Other Non-Current Liabilities	$53.1B
TOTAL NON-CURRENT LIABILITIES	$57.6B
TOTAL LIABILITIES	$58.4B
Common Stock	$31M
Additional Paid-In Capital	$2.3B
Retained Earnings	$10.7B
Treasury Stock	-$3.2B
Accum. Other Comp. Income	$37M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$10.0B
Minority Interest	$0
TOTAL EQUITY	$10.0B
TOTAL LIABILITIES & EQUITY	$68.4B
Total Debt	$3.5B
Net Debt	$3.4B