Horace Mann Educators (HMN) FY2017 results: revenue $1.2 billion, up 3.8% on the year
Horace Mann Educators Corp. (HMN) reported revenue of $1.2 billion for fiscal 2017, the year ended 31 December 2017, up 3.8% on the year before. Net income was $169 million, up 102.3%, and diluted earnings per share $4.08. The figures are the company's own, from the 10-K it filed with the SEC on 1 March 2018.
Revenue
$1.2 billion
+3.8% on the year
FY2010FY2017
Operating margin
7.6%
10.1% a year earlier
FY2010FY2017
Net income
$169 million
+102.3% on the year
FY2010FY2017
Diluted EPS
$4.08
+102.0% on the year
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
1,172
1,129
1,080
+3.8%
Operating income
88.7
114
129
-22.4%
Operating margin
7.6%
10.1%
12.0%
Interest expense
11.9
11.8
13.1
+1.2%
Pre-tax income
88.7
114
129
-22.4%
Income tax
-80.8
30.5
36.0
Effective tax rate
-91.1%
26.7%
27.8%
Net income
169
83.8
93.5
+102.3%
Net margin
14.5%
7.4%
8.7%
Diluted EPS
$4.08
$2.02
$2.20
+102.0%
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
257
211
208
+21.4%
Cash from investing
-229
-325
-416
Cash from financing
-37.0
115
212
Depreciation and amortisation
6.6
6.9
7.7
-4.1%
Share-based compensation
8.6
1.2
1.3
+611.8%
Dividends paid
46.1
44.3
42.5
+4.1%
Dividend per share
$1.10
$1.06
$1.00
+3.8%
Diluted shares, weighted
42m
41m
42m
+0.2%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
1,502
1,294
1,265
+16.0%
Debt
297
247
247
+20.3%
Other liabilities
9,399
9,036
8,548
+4.0%
Total liabilities and equity
11,198
10,577
10,059
+5.9%
Fixed assets
38.9
32.2
25.6
+21.0%
Goodwill
47.4
47.4
47.4
0.0%
Securities held for sale or to maturity
7,724
7,457
7,091
+3.6%
Cash and equivalents
7.6
16.7
15.5
-54.2%
Other assets
3,380
3,024
2,879
+11.8%
Total assets
11,198
10,577
10,059
+5.9%
10-K for the year ended 31 December 2017, filed 1 March 2018: the filing.