Unum Group (UNM) FY2013 results: revenue $10.4 billion, down 1.5% on the year
Unum Group (UNM) reported revenue of $10.4 billion for fiscal 2013, the year ended 31 December 2013, down 1.5% on the year before. Net income was $847 million, down 5.3%, and diluted earnings per share $3.19. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2014.
Revenue
$10.4 billion
-1.5% on the year
FY2007FY2013
Operating margin
12.0%
11.8% a year earlier
FY2007FY2013
Net income
$847 million
-5.3% on the year
FY2007FY2013
Diluted EPS
$3.19
+0.6% on the year
FY2007FY2013
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Revenue
10,354
10,515
10,278
-1.5%
Operating income
1,242
1,240
1,323
+0.2%
Operating margin
12.0%
11.8%
12.9%
Pre-tax income
1,220
1,250
333
-2.4%
Income tax
373
355
49.1
+5.0%
Effective tax rate
30.6%
28.4%
14.7%
Net income
847
894
284
-5.3%
Net margin
8.2%
8.5%
2.8%
Diluted EPS
$3.19
$3.17
$0.94
+0.6%
$ 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
FY2013
FY2012
FY2011
On the year
Last 8 years
Operating cash flow
1,032
1,380
1,194
-25.2%
Capital expenditure
106
105
98.2
+0.1%
Free cash flow
926
1,274
1,096
-27.3%
Free cash flow margin
8.9%
12.1%
10.7%
Cash from investing
-419
-970
-410
Cash from financing
-596
-449
-720
Depreciation and amortisation
510
468
455
+8.8%
Share-based compensation
23.6
24.2
23.5
-2.5%
Buybacks
317
497
620
-36.1%
Dividends paid
146
134
121
+9.5%
Diluted shares, weighted
266m
282m
304m
-5.6%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
8,640
8,613
8,170
+0.3%
Debt
2,688
3,211
2,882
-16.3%
Other liabilities
48,075
50,412
48,503
-4.6%
Total liabilities and equity
59,404
62,236
59,555
-4.6%
Fixed assets
512
502
493
+2.1%
Goodwill
201
202
201
-0.4%
Investments
913
1,460
1,424
-37.5%
Securities borrowed
202
453
n/a
-55.5%
Cash and equivalents
94.1
77.3
117
+21.7%
Other assets
57,482
59,542
57,321
-3.5%
Total assets
59,404
62,236
59,555
-4.6%
10-K for the year ended 31 December 2013, filed 26 February 2014: the filing.