Horace Mann Educators (HMN) FY2015 results: revenue $1.1 billion, up 1.9% on the year
Horace Mann Educators Corp. (HMN) reported revenue of $1.1 billion for fiscal 2015, the year ended 31 December 2015, up 1.9% on the year before. Net income was $93 million, down 10.3%, and diluted earnings per share $2.20. The figures are the company's own, from the 10-K it filed with the SEC on 29 February 2016.
Revenue
$1.1 billion
+1.9% on the year
FY2009FY2015
Operating margin
12.0%
13.8% a year earlier
FY2009FY2015
Net income
$93 million
-10.3% on the year
FY2009FY2015
Diluted EPS
$2.20
-10.9% on the year
FY2009FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
1,080
1,061
1,031
+1.9%
Operating income
129
146
154
-11.4%
Operating margin
12.0%
13.8%
14.9%
Interest expense
13.1
14.2
14.2
-7.6%
Pre-tax income
129
146
154
-11.4%
Income tax
36.0
41.9
43.2
-14.1%
Effective tax rate
27.8%
28.7%
28.0%
Net income
93.5
104
111
-10.3%
Net margin
8.7%
9.8%
10.8%
Diluted EPS
$2.20
$2.47
$2.66
-10.9%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
208
222
206
-6.4%
Cash from investing
-416
-566
-598
Cash from financing
212
337
395
-37.1%
Depreciation and amortisation
7.7
8.0
7.7
-2.8%
Share-based compensation
1.3
1.3
1.4
+1.2%
Dividends paid
42.5
39.2
32.5
+8.4%
Dividend per share
$1.00
$0.92
$0.78
+8.7%
Diluted shares, weighted
42m
42m
42m
+0.5%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
1,265
1,336
1,099
-5.4%
Debt
247
200
200
+23.5%
Other liabilities
8,548
8,232
7,527
+3.8%
Total liabilities and equity
10,059
9,769
8,827
+3.0%
Fixed assets
25.6
31.0
34.9
-17.4%
Goodwill
47.4
47.4
47.4
0.0%
Securities held for sale or to maturity
7,091
6,893
6,010
+2.9%
Cash and equivalents
15.5
11.7
18.2
+32.8%
Other assets
2,879
2,785
2,717
+3.4%
Total assets
10,059
9,769
8,827
+3.0%
10-K for the year ended 31 December 2015, filed 29 February 2016: the filing.