Horace Mann Educators (HMN) FY2021 results: revenue $1.3 billion, up 1.5% on the year
Horace Mann Educators Corp. (HMN) reported revenue of $1.3 billion for fiscal 2021, the year ended 31 December 2021, up 1.5% on the year before. Net income was $170 million, up 27.8%, and diluted earnings per share $4.04. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2022.
Revenue
$1.3 billion
+1.5% on the year
FY2014FY2021
Operating margin
15.9%
12.2% a year earlier
FY2014FY2021
Net income
$170 million
+27.8% on the year
FY2014FY2021
Diluted EPS
$4.04
+27.4% on the year
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
$ 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
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
205
260
128
-21.1%
Cash from investing
-302
-407
55.9
Cash from financing
208
144
-170
+45.0%
Depreciation and amortisation
18.4
23.4
15.6
-21.4%
Share-based compensation
8.4
6.7
7.3
+25.4%
Dividends paid
51.4
49.6
47.3
+3.6%
Dividend per share
$1.24
$1.20
$1.15
+3.3%
Diluted shares, weighted
42m
42m
42m
+0.4%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
1,499
1,790
1,567
-16.3%
Short-term borrowings
n/a
135
135
Debt
503
302
298
+66.2%
Other liabilities
12,459
11,244
10,478
+10.8%
Total liabilities and equity
14,460
13,472
12,479
+7.3%
Fixed assets
66.0
64.7
60.1
+2.0%
Goodwill
43.5
43.5
49.1
+0.1%
Intangible assets
145
158
177
-8.2%
Securities held for sale or to maturity
6,239
6,345
5,792
-1.7%
Cash and equivalents
134
22.3
25.5
+498.9%
Other assets
7,832
6,838
6,375
+14.5%
Total assets
14,460
13,472
12,479
+7.3%
10-K for the year ended 31 December 2021, filed 25 February 2022: the filing.