UNMA Q3 2023 Earnings Report — Unum Group 6.250% JR NT58 Revenue & Financial Results | Market Cap Arena

Unum Group 6.250% JR NT58UNMA

Q3 2023 Earnings

Reported November 1, 2023

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q3 2023	Q2 2023	Q3 2022	QoQ Change	YoY Change
Revenue	$3.1B	$3.1B	—	-0.8%	—
Op. Income	$262M	$547M	—	-52.2%	—
Gross Margin	93.9%	95.9%	—	-1.9pp	—
Net Margin	6.5%	12.6%	—	-6.1pp	—
EPS (Diluted)	$1.02	$1.98	—	-48.5%	—
Free Cash Flow	$362M	$286M	—	26.5%	—

Revenue Flow

Item	Amount
REVENUE	$3.1B
Cost of Revenue	$188M
GROSS PROFIT	$2.9B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$298M
Other Expenses	-$2.6B
Operating Expenses	-$2.6B
Cost & Expenses	$188M
OPERATING INCOME	$262M
Interest Income	$49M
Interest Expense	$49M
Other Income/Expenses	-$2.5B
INCOME BEFORE TAX	$262M
Income Tax Expense	$60M
Net Income from Continuing Ops	$202M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$202M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$202M
D&A	$28M
EBIT	$310M
EBITDA	$338M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$3.1B
Cost of Revenue	$188M
GROSS PROFIT	$2.9B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$298M
Other Expenses	-$2.6B
Operating Expenses	-$2.6B
Cost & Expenses	$188M
OPERATING INCOME	$262M
Interest Income	$49M
Interest Expense	$49M
Other Income/Expenses	-$2.5B
INCOME BEFORE TAX	$262M
Income Tax Expense	$60M
Net Income from Continuing Ops	$202M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$202M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$202M
D&A	$28M
EBIT	$310M
EBITDA	$338M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$202M
Depreciation & Amortization	$0
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	$16M
Change in Working Capital	$177M
OPERATING CASH FLOW	$395M
Capital Expenditure	-$33M
Acquisitions (Net)	$0
Purchases of Investments	-$1.2B
Sales/Maturities of Investments	$1.1B
Other Investing Activities	-$44M
NET CASH FROM INVESTING	-$225M
Net Debt Issuance	$0
Common Stock Repurchased	-$76M
Common Dividends Paid	-$71M
Other Financing Activities	$34M
NET CASH FROM FINANCING	-$112M
FREE CASH FLOW	$362M
Net Change in Cash	$58M

Balance Sheet

Item	Amount
Cash & Equivalents	$166M
Short-Term Investments	$0
Net Receivables	$0
Inventory	$0
Other Current Assets	$4.8B
TOTAL CURRENT ASSETS	$4.8B
PP&E (Net)	$463M
Goodwill	$348M
Intangible Assets	$2.7B
Long-Term Investments	$37.2B
Tax Assets	$617M
Other Non-Current Assets	$5.0B
TOTAL NON-CURRENT ASSETS	$46.3B
TOTAL ASSETS	$51.1B
Account Payables	$0
Short-Term Debt	$2M
Deferred Revenue	$0
Other Current Liabilities	-$2M
TOTAL CURRENT LIABILITIES	-$8.6B
Long-Term Debt	$3.4B
Deferred Revenue NC	$44.1B
Deferred Tax Liabilities	$27M
Other Non-Current Liabilities	$46.6B
TOTAL NON-CURRENT LIABILITIES	$50.1B
TOTAL LIABILITIES	$41.5B
Common Stock	$31M
Additional Paid-In Capital	$2.5B
Retained Earnings	$13.9B
Treasury Stock	-$3.6B
Accum. Other Comp. Income	-$3.2B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$9.6B
Minority Interest	$0
TOTAL EQUITY	$9.6B
TOTAL LIABILITIES & EQUITY	$51.1B
Total Debt	$3.4B
Net Debt	$3.3B