Unum Group (UNM) FY2016 results: revenue $11.0 billion, up 2.9% on the year
Unum Group (UNM) reported revenue of $11.0 billion for fiscal 2016, the year ended 31 December 2016, up 2.9% on the year before. Net income was $931 million, up 7.4%, and diluted earnings per share $3.95. The figures are the company's own, from the 10-K it filed with the SEC on 22 February 2017.
Revenue
$11.0 billion
+2.9% on the year
FY2009FY2016
Operating margin
12.2%
11.5% a year earlier
FY2009FY2016
Net income
$931 million
+7.4% on the year
FY2009FY2016
Diluted EPS
$3.95
+12.9% on the year
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
11,046
10,731
10,510
+2.9%
Operating income
1,348
1,238
527
+8.8%
Operating margin
12.2%
11.5%
5.0%
Pre-tax income
1,348
1,238
542
+8.8%
Income tax
416
371
140
+12.1%
Effective tax rate
30.9%
30.0%
25.8%
Net income
931
867
402
+7.4%
Net margin
8.4%
8.1%
3.8%
Diluted EPS
$3.95
$3.50
$1.57
+12.9%
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
1,122
1,292
1,224
-13.2%
Capital expenditure
85.0
100
114
-15.2%
Free cash flow
1,037
1,192
1,109
-13.0%
Free cash flow margin
9.4%
11.1%
10.6%
Cash from investing
-716
-713
-887
Cash from financing
-419
-569
-329
Depreciation and amortisation
102
99.5
87.9
+2.2%
Share-based compensation
21.9
23.8
22.6
-8.0%
Buybacks
405
418
306
-3.0%
Dividends paid
183
174
159
+4.8%
Diluted shares, weighted
236m
248m
257m
-4.8%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
8,968
8,664
8,522
+3.5%
Debt
2,999
2,801
2,781
+7.1%
Other liabilities
49,974
49,124
51,195
+1.7%
Total liabilities and equity
61,942
60,590
62,497
+2.2%
Fixed assets
501
524
532
-4.4%
Goodwill
335
231
199
+45.1%
Securities held for sale or to maturity
44,217
43,354
45,065
+2.0%
Securities borrowed
178
182
176
-1.7%
Cash and equivalents
100
113
102
-11.1%
Other assets
16,610
16,186
16,423
+2.6%
Total assets
61,942
60,590
62,497
+2.2%
10-K for the year ended 31 December 2016, filed 22 February 2017: the filing.