UNM FY 2023 Earnings Report — Unum Group Revenue & Financial Results | Market Cap Arena

FY 2023 Earnings

Reported February 20, 2024

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2023	Prior Q	FY 2022	QoQ Change	YoY Change
Revenue	$12.3B	—	—	—	—
Op. Income	$1.6B	—	—	—	—
Gross Margin	32.8%	—	—	—	—
Net Margin	10.4%	—	—	—	—
EPS (Diluted)	$6.50	—	—	—	—
Free Cash Flow	$1.1B	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$12.3B
Cost of Revenue	$8.3B
GROSS PROFIT	$4.0B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$1.2B
SG&A Expenses	$1.2B
Other Expenses	$1.2B
Operating Expenses	$2.4B
Cost & Expenses	$10.7B
OPERATING INCOME	$1.6B
Interest Income	$0
Interest Expense	$195M
Other Income/Expenses	$0
INCOME BEFORE TAX	$1.6B
Income Tax Expense	$356M
Net Income from Continuing Ops	$1.3B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.3B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.3B
D&A	$109M
EBIT	$1.8B
EBITDA	$1.9B
EPS	$7
EPS Diluted	$7

Income Statement

Item	Amount
REVENUE	$12.3B
Cost of Revenue	$8.3B
GROSS PROFIT	$4.0B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$1.2B
SG&A Expenses	$1.2B
Other Expenses	$1.2B
Operating Expenses	$2.4B
Cost & Expenses	$10.7B
OPERATING INCOME	$1.6B
Interest Income	$0
Interest Expense	$195M
Other Income/Expenses	$0
INCOME BEFORE TAX	$1.6B
Income Tax Expense	$356M
Net Income from Continuing Ops	$1.3B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.3B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.3B
D&A	$109M
EBIT	$1.8B
EBITDA	$1.9B
EPS	$7
EPS Diluted	$7

Cash Flow Statement

Item	Amount
Net Income	$1.3B
Depreciation & Amortization	$109M
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	-$160M
Change in Working Capital	-$30M
OPERATING CASH FLOW	$1.2B
Capital Expenditure	-$135M
Acquisitions (Net)	$0
Purchases of Investments	-$3.5B
Sales/Maturities of Investments	$3.0B
Other Investing Activities	-$98M
NET CASH FROM INVESTING	-$726M
Net Debt Issuance	-$2M
Common Stock Repurchased	-$250M
Common Dividends Paid	-$277M
Other Financing Activities	$74M
NET CASH FROM FINANCING	-$450M
FREE CASH FLOW	$1.1B
Net Change in Cash	$27M

Balance Sheet

Item	Amount
Cash & Equivalents	$146M
Short-Term Investments	$0
Net Receivables	$1.5B
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.7B
PP&E (Net)	$521M
Goodwill	$350M
Intangible Assets	$0
Long-Term Investments	$46.0B
Tax Assets	$1.0B
Other Non-Current Assets	$14.1B
TOTAL NON-CURRENT ASSETS	$61.9B
TOTAL ASSETS	$63.6B
Account Payables	$0
Short-Term Debt	$19M
Deferred Revenue	$380M
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$399M
Long-Term Debt	$3.5B
Deferred Revenue NC	$9M
Deferred Tax Liabilities	$381M
Other Non-Current Liabilities	$49.7B
TOTAL NON-CURRENT LIABILITIES	$53.6B
TOTAL LIABILITIES	$54.0B
Common Stock	$19M
Additional Paid-In Capital	$1.5B
Retained Earnings	$11.4B
Treasury Stock	-$39M
Accum. Other Comp. Income	-$3.3B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$9.7B
Minority Interest	$0
TOTAL EQUITY	$9.7B
TOTAL LIABILITIES & EQUITY	$63.6B
Total Debt	$3.5B
Net Debt	$3.4B