Humana (HUM) FY2016 results: revenue $54.4 billion, up 0.2% on the year
Humana Inc. (HUM) reported revenue of $54.4 billion for fiscal 2016, the year ended 31 December 2016, up 0.2% on the year before. Net income was $614 million, down 51.9%, and diluted earnings per share $4.07. The figures are the company's own, from the 10-K it filed with the SEC on 17 February 2017.
Revenue
$54.4 billion
+0.2% on the year
FY2009FY2016
Operating margin
3.2%
4.3% a year earlier
FY2009FY2016
Net income
$614 million
-51.9% on the year
FY2009FY2016
Diluted EPS
$4.07
-51.8% on the year
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
54,379
54,289
48,500
+0.2%
Selling, general and administrative
7,173
7,295
7,639
-1.7%
Operating income
1,741
2,347
2,362
-25.8%
Operating margin
3.2%
4.3%
4.9%
Interest expense
189
186
192
+1.6%
Pre-tax income
1,552
2,431
2,170
-36.2%
Income tax
938
1,155
1,023
-18.8%
Effective tax rate
60.4%
47.5%
47.1%
Net income
614
1,276
1,147
-51.9%
Net margin
1.1%
2.4%
2.4%
Diluted EPS
$4.07
$8.44
$7.36
-51.8%
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
1,936
868
1,618
+123.0%
Capital expenditure
527
523
528
+0.8%
Free cash flow
1,409
345
1,090
+308.4%
Free cash flow margin
2.6%
0.6%
2.2%
Cash from investing
-1,362
320
-63.0
Cash from financing
732
-552
-758
Depreciation and amortisation
388
354
328
+9.6%
Share-based compensation
115
109
98.0
+5.5%
Buybacks
104
385
872
-73.0%
Dividends paid
177
172
172
+2.9%
Dividend per share
$1.16
$1.15
$1.11
+0.9%
Diluted shares, weighted
151m
151m
156m
-0.1%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
10,685
10,346
9,646
+3.3%
Debt
4,304
4,394
4,159
-2.0%
Other liabilities
10,407
9,965
9,722
+4.4%
Total liabilities and equity
25,396
24,705
23,527
+2.8%
Fixed assets
1,505
1,384
1,228
+8.7%
Goodwill
3,272
3,265
3,231
+0.2%
Intangible assets
280
357
440
-21.6%
Investments
9,798
9,110
9,547
+7.6%
Cash and equivalents
3,877
2,571
1,935
+50.8%
Receivables
1,280
1,161
1,053
+10.2%
Other assets
5,384
6,857
6,093
-21.5%
Total assets
25,396
24,705
23,527
+2.8%
10-K for the year ended 31 December 2016, filed 17 February 2017: the filing.