Unum Group (UNM) FY2014 results: revenue $10.5 billion, up 1.5% on the year
Unum Group (UNM) reported revenue of $10.5 billion for fiscal 2014, the year ended 31 December 2014, up 1.5% on the year before. Net income was $402 million, down 52.5%, and diluted earnings per share $1.57. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2015.
Revenue
$10.5 billion
+1.5% on the year
FY2007FY2014
Operating margin
5.0%
12.0% a year earlier
FY2007FY2014
Net income
$402 million
-52.5% on the year
FY2007FY2014
Diluted EPS
$1.57
-50.8% on the year
FY2007FY2014
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Revenue
10,510
10,354
10,515
+1.5%
Operating income
527
1,242
1,240
-57.5%
Operating margin
5.0%
12.0%
11.8%
Pre-tax income
542
1,220
1,250
-55.6%
Income tax
140
373
355
-62.5%
Effective tax rate
25.8%
30.6%
28.4%
Net income
402
847
894
-52.5%
Net margin
3.8%
8.2%
8.5%
Diluted EPS
$1.57
$3.19
$3.17
-50.8%
$ 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
FY2014
FY2013
FY2012
On the year
Last 8 years
Operating cash flow
1,224
1,032
1,380
+18.6%
Capital expenditure
114
106
105
+8.5%
Free cash flow
1,109
926
1,274
+19.8%
Free cash flow margin
10.6%
8.9%
12.1%
Cash from investing
-887
-419
-970
Cash from financing
-329
-596
-449
Depreciation and amortisation
87.9
510
468
-82.8%
Share-based compensation
22.6
23.6
24.2
-4.2%
Buybacks
306
317
497
-3.5%
Dividends paid
159
146
134
+8.8%
Diluted shares, weighted
257m
266m
282m
-3.5%
Balance sheet
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Shareholders' equity
8,522
8,640
8,613
-1.4%
Debt
2,781
2,688
3,211
+3.4%
Other liabilities
51,195
48,075
50,412
+6.5%
Total liabilities and equity
62,497
59,404
62,236
+5.2%
Fixed assets
532
512
502
+3.9%
Goodwill
199
201
202
-1.1%
Investments
n/a
913
1,460
Securities held for sale or to maturity
45,065
n/a
n/a
Securities borrowed
176
202
453
-12.5%
Cash and equivalents
102
94.1
77.3
+8.9%
Other assets
16,423
57,482
59,542
-71.4%
Total assets
62,497
59,404
62,236
+5.2%
10-K for the year ended 31 December 2014, filed 25 February 2015: the filing.