Humana (HUM) FY2017 results: revenue $53.8 billion, down 1.1% on the year
Humana Inc. (HUM) reported revenue of $53.8 billion for fiscal 2017, the year ended 31 December 2017, down 1.1% on the year before. Net income was $2.4 billion, up 298.7%, and diluted earnings per share $16.81. The figures are the company's own, from the 10-K it filed with the SEC on 16 February 2018.
Revenue
$53.8 billion
-1.1% on the year
FY2010FY2017
Operating margin
7.9%
3.2% a year earlier
FY2010FY2017
Net income
$2.4 billion
+298.7% on the year
FY2010FY2017
Diluted EPS
$16.81
+313.0% 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
53,767
54,379
54,289
-1.1%
Selling, general and administrative
6,567
7,173
7,295
-8.4%
Operating income
4,262
1,741
2,347
+144.8%
Operating margin
7.9%
3.2%
4.3%
Interest expense
242
189
186
+28.0%
Pre-tax income
4,020
1,552
2,431
+159.0%
Income tax
1,572
938
1,155
+67.6%
Effective tax rate
39.1%
60.4%
47.5%
Net income
2,448
614
1,276
+298.7%
Net margin
4.6%
1.1%
2.4%
Diluted EPS
$16.81
$4.07
$8.44
+313.0%
$ 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
4,051
1,936
868
+109.2%
Capital expenditure
524
527
523
-0.6%
Free cash flow
3,527
1,409
345
+150.3%
Free cash flow margin
6.6%
2.6%
0.6%
Cash from investing
-2,941
-1,362
320
Cash from financing
-945
732
-552
Depreciation and amortisation
410
388
354
+5.7%
Share-based compensation
157
115
109
+36.5%
Buybacks
3,365
104
385
+3,135.6%
Dividends paid
220
177
172
+24.3%
Dividend per share
$1.49
$1.16
$1.15
+28.4%
Diluted shares, weighted
146m
151m
151m
-3.5%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
9,842
10,685
10,346
-7.9%
Debt
5,061
4,304
4,394
+17.6%
Other liabilities
12,275
10,407
9,965
+17.9%
Total liabilities and equity
27,178
25,396
24,705
+7.0%
Fixed assets
1,584
1,505
1,384
+5.2%
Goodwill
3,281
3,272
3,265
+0.3%
Intangible assets
226
280
357
-19.3%
Investments
12,302
9,798
9,110
+25.6%
Cash and equivalents
4,042
3,877
2,571
+4.3%
Receivables
854
1,280
1,161
-33.3%
Other assets
4,889
5,384
6,857
-9.2%
Total assets
27,178
25,396
24,705
+7.0%
10-K for the year ended 31 December 2017, filed 16 February 2018: the filing.