Humana (HUM) FY2015 results: revenue $54.3 billion, up 11.9% on the year
Humana Inc. (HUM) reported revenue of $54.3 billion for fiscal 2015, the year ended 31 December 2015, up 11.9% on the year before. Net income was $1.3 billion, up 11.2%, and diluted earnings per share $8.44. The figures are the company's own, from the 10-K it filed with the SEC on 18 February 2016.
Revenue
$54.3 billion
+11.9% on the year
FY2008FY2015
Operating margin
4.3%
4.9% a year earlier
FY2008FY2015
Net income
$1.3 billion
+11.2% on the year
FY2008FY2015
Diluted EPS
$8.44
+14.7% on the year
FY2008FY2015
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
54,289
48,500
41,313
+11.9%
Selling, general and administrative
7,295
7,639
6,355
-4.5%
Operating income
2,347
2,362
2,061
-0.6%
Operating margin
4.3%
4.9%
5.0%
Interest expense
186
192
140
-3.1%
Pre-tax income
2,431
2,170
1,921
+12.0%
Income tax
1,155
1,023
690
+12.9%
Effective tax rate
47.5%
47.1%
35.9%
Net income
1,276
1,147
1,231
+11.2%
Net margin
2.4%
2.4%
3.0%
Diluted EPS
$8.44
$7.36
$7.73
+14.7%
$ 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
868
1,618
1,716
-46.4%
Capital expenditure
523
528
441
-0.9%
Free cash flow
345
1,090
1,275
-68.3%
Free cash flow margin
0.6%
2.2%
3.1%
Cash from investing
320
-63.0
-1,182
Cash from financing
-552
-758
-702
Depreciation and amortisation
354
328
309
+7.9%
Share-based compensation
109
98.0
92.0
+11.2%
Buybacks
385
872
531
-55.8%
Dividends paid
172
172
168
0.0%
Dividend per share
$1.15
$1.11
$1.07
+3.6%
Diluted shares, weighted
151m
156m
159m
-3.0%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
10,346
9,646
9,316
+7.3%
Debt
4,394
4,159
3,003
+5.7%
Other liabilities
9,965
9,722
8,416
+2.5%
Total liabilities and equity
24,705
23,527
20,735
+5.0%
Fixed assets
1,384
1,228
1,218
+12.7%
Goodwill
3,265
3,231
3,253
+1.1%
Intangible assets
357
440
693
-18.9%
Investments
9,110
9,547
9,800
-4.6%
Cash and equivalents
2,571
1,935
1,138
+32.9%
Receivables
1,161
1,053
950
+10.3%
Other assets
6,857
6,093
3,683
+12.5%
Total assets
24,705
23,527
20,735
+5.0%
10-K for the year ended 31 December 2015, filed 18 February 2016: the filing.