UNMA FY 2014 Earnings Report — Unum Group 6.250% JR NT58 Revenue & Financial Results | Market Cap Arena

Unum Group 6.250% JR NT58UNMA

FY 2014 Earnings

Reported February 25, 2015

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2014	Prior Q	FY 2013	QoQ Change	YoY Change
Revenue	$10.5B	—	$10.4B	—	1.5%
Op. Income	$710M	—	$1.4B	—	-48.0%
Gross Margin	99.0%	—	97.1%	—	1.9pp
Net Margin	3.8%	—	8.2%	—	-4.4pp
EPS (Diluted)	$1.57	—	$3.23	—	-51.4%
Free Cash Flow	$1.1B	—	$926M	—	19.8%

Revenue Flow

Item	Amount
REVENUE	$10.5B
Cost of Revenue	$103M
GROSS PROFIT	$10.4B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$821M
Other Expenses	-$9.9B
Operating Expenses	$9.8B
Cost & Expenses	$9.8B
OPERATING INCOME	$710M
Interest Income	$0
Interest Expense	$168M
Other Income/Expenses	-$9.2B
INCOME BEFORE TAX	$542M
Income Tax Expense	$140M
Net Income from Continuing Ops	$402M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$402M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$402M
D&A	-$710M
EBIT	$710M
EBITDA	$0
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$10.5B
Cost of Revenue	$103M
GROSS PROFIT	$10.4B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$821M
Other Expenses	-$9.9B
Operating Expenses	$9.8B
Cost & Expenses	$9.8B
OPERATING INCOME	$710M
Interest Income	$0
Interest Expense	$168M
Other Income/Expenses	-$9.2B
INCOME BEFORE TAX	$542M
Income Tax Expense	$140M
Net Income from Continuing Ops	$402M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$402M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$402M
D&A	-$710M
EBIT	$710M
EBITDA	$0
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$402M
Depreciation & Amortization	$88M
Stock-Based Compensation	$23M
Deferred Income Tax	$0
Other Non-Cash Items	-$262M
Change in Working Capital	$973M
OPERATING CASH FLOW	$1.2B
Capital Expenditure	-$115M
Acquisitions (Net)	$0
Purchases of Investments	-$3.3B
Sales/Maturities of Investments	$685M
Other Investing Activities	-$772M
NET CASH FROM INVESTING	-$887M
Net Debt Issuance	$161M
Common Stock Repurchased	-$306M
Common Dividends Paid	-$159M
Other Financing Activities	-$24M
NET CASH FROM FINANCING	-$329M
FREE CASH FLOW	$1.1B
Net Change in Cash	$8M

Balance Sheet

Item	Amount
Cash & Equivalents	$103M
Short-Term Investments	$0
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$103M
PP&E (Net)	$532M
Goodwill	$199M
Intangible Assets	$1.9B
Long-Term Investments	-$160M
Tax Assets	$160M
Other Non-Current Assets	$59.7B
TOTAL NON-CURRENT ASSETS	$62.3B
TOTAL ASSETS	$62.5B
Account Payables	$0
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$0
Long-Term Debt	$2.6B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$2.6B
TOTAL LIABILITIES	$2.6B
Common Stock	$30M
Additional Paid-In Capital	$2.2B
Retained Earnings	$7.3B
Treasury Stock	-$1.2B
Accum. Other Comp. Income	$166M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$8.5B
Minority Interest	$0
TOTAL EQUITY	$8.5B
TOTAL LIABILITIES & EQUITY	$11.2B
Total Debt	$2.6B
Net Debt	$2.5B