UNM FY 2020 Earnings Report — Unum Group Revenue & Financial Results | Market Cap Arena

FY 2020 Earnings

Reported February 17, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2020	Prior Q	FY 2019	QoQ Change	YoY Change
Revenue	$13.1B	—	$12.0B	—	9.6%
Op. Income	$964M	—	$1.4B	—	-30.3%
Gross Margin	23.5%	—	28.5%	—	-5.1pp
Net Margin	6.0%	—	9.2%	—	-3.1pp
EPS (Diluted)	$3.89	—	$5.24	—	-25.8%
Free Cash Flow	$478M	—	$1.6B	—	-69.9%

Revenue Flow

Item	Amount
REVENUE	$13.1B
Cost of Revenue	$10.1B
GROSS PROFIT	$3.1B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$953M
SG&A Expenses	$953M
Other Expenses	$1.2B
Operating Expenses	$2.1B
Cost & Expenses	$12.2B
OPERATING INCOME	$964M
Interest Income	$0
Interest Expense	$188M
Other Income/Expenses	$0
INCOME BEFORE TAX	$964M
Income Tax Expense	$171M
Net Income from Continuing Ops	$793M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$793M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$793M
D&A	$114M
EBIT	$1.2B
EBITDA	$1.3B
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$13.1B
Cost of Revenue	$10.1B
GROSS PROFIT	$3.1B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$953M
SG&A Expenses	$953M
Other Expenses	$1.2B
Operating Expenses	$2.1B
Cost & Expenses	$12.2B
OPERATING INCOME	$964M
Interest Income	$0
Interest Expense	$188M
Other Income/Expenses	$0
INCOME BEFORE TAX	$964M
Income Tax Expense	$171M
Net Income from Continuing Ops	$793M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$793M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$793M
D&A	$114M
EBIT	$1.2B
EBITDA	$1.3B
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$793M
Depreciation & Amortization	$114M
Stock-Based Compensation	$30M
Deferred Income Tax	-$30M
Other Non-Cash Items	-$2.3B
Change in Working Capital	$2.0B
OPERATING CASH FLOW	$598M
Capital Expenditure	-$119M
Acquisitions (Net)	$0
Purchases of Investments	-$3.7B
Sales/Maturities of Investments	$3.3B
Other Investing Activities	$315M
NET CASH FROM INVESTING	-$268M
Net Debt Issuance	$14M
Common Stock Repurchased	$0
Common Dividends Paid	-$232M
Other Financing Activities	-$4M
NET CASH FROM FINANCING	-$217M
FREE CASH FLOW	$478M
Net Change in Cash	$113M

Balance Sheet

Item	Amount
Cash & Equivalents	$197M
Short-Term Investments	$0
Net Receivables	$1.5B
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.7B
PP&E (Net)	$581M
Goodwill	$353M
Intangible Assets	$0
Long-Term Investments	$52.7B
Tax Assets	$1.5B
Other Non-Current Assets	$15.3B
TOTAL NON-CURRENT ASSETS	$70.4B
TOTAL ASSETS	$72.2B
Account Payables	$0
Short-Term Debt	$25M
Deferred Revenue	$349M
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$375M
Long-Term Debt	$3.4B
Deferred Revenue NC	$6M
Deferred Tax Liabilities	$2.0B
Other Non-Current Liabilities	$55.5B
TOTAL NON-CURRENT LIABILITIES	$60.9B
TOTAL LIABILITIES	$61.3B
Common Stock	$31M
Additional Paid-In Capital	$2.4B
Retained Earnings	$11.3B
Treasury Stock	-$3.2B
Accum. Other Comp. Income	$374M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$10.9B
Minority Interest	$0
TOTAL EQUITY	$10.9B
TOTAL LIABILITIES & EQUITY	$72.2B
Total Debt	$3.5B
Net Debt	$3.3B