Horace Mann Educators (HMN) FY2018 results: revenue $1.2 billion, up 1.7% on the year
Horace Mann Educators Corp. (HMN) reported revenue of $1.2 billion for fiscal 2018, the year ended 31 December 2018, up 1.7% on the year before. Net income was $18 million, down 89.2%, and diluted earnings per share $0.44. The figures are the company's own, from the 10-K it filed with the SEC on 1 March 2019.
Revenue
$1.2 billion
+1.7% on the year
FY2011FY2018
Operating margin
1.6%
7.6% a year earlier
FY2011FY2018
Net income
$18 million
-89.2% on the year
FY2011FY2018
Diluted EPS
$0.44
-89.2% on the year
FY2011FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
1,192
1,172
1,129
+1.7%
Operating income
19.5
88.7
114
-78.0%
Operating margin
1.6%
7.6%
10.1%
Interest expense
13.0
11.9
11.8
+8.8%
Pre-tax income
19.5
88.7
114
-78.0%
Income tax
1.2
-80.8
30.5
Effective tax rate
6.1%
-91.1%
26.7%
Net income
18.3
169
83.8
-89.2%
Net margin
1.5%
14.5%
7.4%
Diluted EPS
$0.44
$4.08
$2.02
-89.2%
$ 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
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
201
257
211
-21.7%
Cash from investing
-186
-229
-325
Cash from financing
-10.1
-37.0
115
Depreciation and amortisation
7.4
6.6
6.9
+11.2%
Share-based compensation
8.3
8.6
1.2
-2.9%
Dividends paid
46.7
46.1
44.3
+1.2%
Dividend per share
$1.14
$1.10
$1.06
+3.6%
Diluted shares, weighted
42m
42m
41m
+0.8%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
1,291
1,502
1,294
-14.1%
Short-term borrowings
0.0
n/a
n/a
Debt
298
297
247
+0.1%
Other liabilities
9,444
9,399
9,036
+0.5%
Total liabilities and equity
11,032
11,198
10,577
-1.5%
Fixed assets
41.0
38.9
32.2
+5.2%
Goodwill
47.4
47.4
47.4
0.0%
Intangible assets
0.0
n/a
n/a
Securities held for sale or to maturity
7,515
7,724
7,457
-2.7%
Cash and equivalents
11.9
7.6
16.7
+56.1%
Other assets
3,416
3,380
3,024
+1.1%
Total assets
11,032
11,198
10,577
-1.5%
10-K for the year ended 31 December 2018, filed 1 March 2019: the filing.