UNMA FY 2023 Earnings Report — Unum Group 6.250% JR NT58 Revenue & Financial Results | Market Cap Arena

Unum Group 6.250% JR NT58UNMA

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	$12.4B	—	$12.0B	—	3.5%
Op. Income	$11.2B	—	$10.9B	—	3.1%
Gross Margin	100.0%	—	41.5%	—	58.5pp
Net Margin	10.4%	—	11.8%	—	-1.4pp
EPS (Diluted)	$6.50	—	$6.96	—	-6.6%
Free Cash Flow	$1.1B	—	$1.3B	—	-18.9%

Revenue Flow

Item	Amount
REVENUE	$12.4B
Cost of Revenue	$0
GROSS PROFIT	$12.4B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$1.2B
Operating Expenses	$1.2B
Cost & Expenses	$1.2B
OPERATING INCOME	$11.2B
Interest Income	$0
Interest Expense	$195M
Other Income/Expenses	-$9.6B
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	$0
EBIT	$0
EBITDA	$0
EPS	$7
EPS Diluted	$7

Income Statement

Item	Amount
REVENUE	$12.4B
Cost of Revenue	$0
GROSS PROFIT	$12.4B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$1.2B
Operating Expenses	$1.2B
Cost & Expenses	$1.2B
OPERATING INCOME	$11.2B
Interest Income	$0
Interest Expense	$195M
Other Income/Expenses	-$9.6B
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	$0
EBIT	$0
EBITDA	$0
EPS	$7
EPS Diluted	$7

Cash Flow Statement

Item	Amount
Net Income	$1.3B
Depreciation & Amortization	$109M
Stock-Based Compensation	$64M
Deferred Income Tax	$0
Other Non-Cash Items	-$318M
Change in Working Capital	$64M
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	$0
Common Stock Repurchased	-$250M
Common Dividends Paid	-$277M
Other Financing Activities	$72M
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	$2.5B
Net Receivables	$1.5B
Inventory	$0
Other Current Assets	-$719M
TOTAL CURRENT ASSETS	$971M
PP&E (Net)	$521M
Goodwill	$350M
Intangible Assets	$2.8B
Long-Term Investments	$46.0B
Tax Assets	-$1.8B
Other Non-Current Assets	$1.3B
TOTAL NON-CURRENT ASSETS	$49.1B
TOTAL ASSETS	$54.0B
Account Payables	$0
Short-Term Debt	$19M
Deferred Revenue	$0
Other Current Liabilities	-$9.5B
TOTAL CURRENT LIABILITIES	-$9.4B
Long-Term Debt	$3.4B
Deferred Revenue NC	$9M
Deferred Tax Liabilities	$381M
Other Non-Current Liabilities	$50.2B
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	$3.4B
Net Debt	$3.3B