Unum Group (UNM) FY2012 results: revenue $10.5 billion, up 2.3% on the year
Unum Group (UNM) reported revenue of $10.5 billion for fiscal 2012, the year ended 31 December 2012, up 2.3% on the year before. Net income was $894 million, up 214.7%, and diluted earnings per share $3.17. The figures are the company's own, from the 10-K it filed with the SEC on 22 February 2013.
Revenue
$10.5 billion
+2.3% on the year
FY2007FY2012
Operating margin
11.8%
12.9% a year earlier
FY2007FY2012
Net income
$894 million
+214.7% on the year
FY2007FY2012
Diluted EPS
$3.17
+237.2% on the year
FY2007FY2012
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Revenue
10,515
10,278
10,193
+2.3%
Operating income
1,240
1,323
1,327
-6.3%
Operating margin
11.8%
12.9%
13.0%
Interest expense
n/a
n/a
142
Pre-tax income
1,250
333
1,320
+274.9%
Income tax
355
49.1
441
+623.2%
Effective tax rate
28.4%
14.7%
33.4%
Net income
894
284
879
+214.7%
Net margin
8.5%
2.8%
8.6%
Diluted EPS
$3.17
$0.94
$2.69
+237.2%
$ 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
FY2012
FY2011
FY2010
On the year
Last 8 years
Operating cash flow
1,380
1,194
1,197
+15.6%
Capital expenditure
105
98.2
n/a
+7.3%
Free cash flow
1,274
1,096
n/a
+16.3%
Free cash flow margin
12.1%
10.7%
n/a
Cash from investing
-970
-410
-1,074
Cash from financing
-449
-720
-141
Depreciation and amortisation
468
455
458
+3.0%
Share-based compensation
24.2
23.5
25.2
+3.0%
Buybacks
497
620
356
-19.9%
Dividends paid
134
121
115
+10.6%
Diluted shares, weighted
282m
304m
327m
-7.2%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
8,613
8,170
8,485
+5.4%
Debt
3,211
2,882
2,856
+11.4%
Other liabilities
50,412
48,503
45,966
+3.9%
Total liabilities and equity
62,236
59,555
57,308
+4.5%
Fixed assets
502
493
477
+1.7%
Goodwill
202
201
201
+0.2%
Investments
1,460
1,424
n/a
+2.6%
Securities borrowed
453
n/a
n/a
Cash and equivalents
77.3
117
53.6
-33.7%
Other assets
59,542
57,321
56,576
+3.9%
Total assets
62,236
59,555
57,308
+4.5%
10-K for the year ended 31 December 2012, filed 22 February 2013: the filing.