Humana (HUM) FY2018 results: revenue $56.9 billion, up 5.8% on the year
Humana Inc. (HUM) reported revenue of $56.9 billion for fiscal 2018, the year ended 31 December 2018, up 5.8% on the year before. Net income was $1.7 billion, down 31.2%, and diluted earnings per share $12.16. The figures are the company's own, from the 10-K it filed with the SEC on 21 February 2019.
Revenue
$56.9 billion
+5.8% on the year
FY2011FY2018
Operating margin
5.4%
7.9% a year earlier
FY2011FY2018
Net income
$1.7 billion
-31.2% on the year
FY2011FY2018
Diluted EPS
$12.16
-27.7% 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
56,912
53,767
54,379
+5.8%
Selling, general and administrative
7,525
6,567
7,173
+14.6%
Operating income
3,100
4,262
1,741
-27.3%
Operating margin
5.4%
7.9%
3.2%
Interest expense
218
242
189
-9.9%
Pre-tax income
2,074
4,020
1,552
-48.4%
Income tax
391
1,572
938
-75.1%
Effective tax rate
18.9%
39.1%
60.4%
Net income
1,683
2,448
614
-31.2%
Net margin
3.0%
4.6%
1.1%
Diluted EPS
$12.16
$16.81
$4.07
-27.7%
$ 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
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
2,173
4,051
1,936
-46.4%
Capital expenditure
612
524
527
+16.8%
Free cash flow
1,561
3,527
1,409
-55.7%
Free cash flow margin
2.7%
6.6%
2.6%
Cash from investing
-3,087
-2,941
-1,362
Cash from financing
-785
-945
732
Depreciation and amortisation
444
410
388
+8.3%
Share-based compensation
137
157
115
-12.7%
Buybacks
1,090
3,365
104
-67.6%
Dividends paid
265
220
177
+20.5%
Dividend per share
$1.90
$1.49
$1.16
+27.5%
Diluted shares, weighted
138m
146m
151m
-4.9%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
10,161
9,842
10,685
+3.2%
Debt
6,069
5,061
4,304
+19.9%
Other liabilities
9,183
12,275
10,407
-25.2%
Total liabilities and equity
25,413
27,178
25,396
-6.5%
Fixed assets
1,735
1,584
1,505
+9.5%
Goodwill
3,897
3,281
3,272
+18.8%
Intangible assets
245
226
280
+8.4%
Investments
10,437
12,302
9,798
-15.2%
Cash and equivalents
2,343
4,042
3,877
-42.0%
Receivables
1,015
854
1,280
+18.9%
Other assets
5,741
4,889
5,384
+17.4%
Total assets
25,413
27,178
25,396
-6.5%
10-K for the year ended 31 December 2018, filed 21 February 2019: the filing.