Unum Group (UNM) FY2017 results: revenue $11.3 billion, up 2.2% on the year
Unum Group (UNM) reported revenue of $11.3 billion for fiscal 2017, the year ended 31 December 2017, up 2.2% on the year before. Net income was $994 million, up 6.7%, and diluted earnings per share $4.37. The figures are the company's own, from the 10-K it filed with the SEC on 21 February 2018.
Revenue
$11.3 billion
+2.2% on the year
FY2010FY2017
Operating margin
12.4%
12.2% a year earlier
FY2010FY2017
Net income
$994 million
+6.7% on the year
FY2010FY2017
Diluted EPS
$4.37
+10.6% on the year
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
11,287
11,046
10,731
+2.2%
Operating income
1,404
1,348
1,238
+4.2%
Operating margin
12.4%
12.2%
11.5%
Pre-tax income
1,404
1,348
1,238
+4.2%
Income tax
410
416
371
-1.6%
Effective tax rate
29.2%
30.9%
30.0%
Net income
994
931
867
+6.7%
Net margin
8.8%
8.4%
8.1%
Diluted EPS
$4.37
$3.95
$3.50
+10.6%
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
1,164
1,122
1,292
+3.8%
Capital expenditure
105
85.0
100
+23.9%
Free cash flow
1,059
1,037
1,192
+2.1%
Free cash flow margin
9.4%
9.4%
11.1%
Cash from investing
-499
-716
-713
Cash from financing
-688
-419
-569
Depreciation and amortisation
103
102
99.5
+1.7%
Share-based compensation
29.5
21.9
23.8
+34.7%
Buybacks
402
405
418
-0.8%
Dividends paid
196
183
174
+7.3%
Dividend per share
$0.86
n/a
n/a
Diluted shares, weighted
227m
236m
248m
-3.7%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
9,575
8,968
8,664
+6.8%
Debt
2,938
2,999
2,801
-2.0%
Other liabilities
51,500
49,974
49,124
+3.1%
Total liabilities and equity
64,013
61,942
60,590
+3.3%
Fixed assets
505
501
524
+0.8%
Goodwill
339
335
231
+1.0%
Securities held for sale or to maturity
45,458
44,217
43,354
+2.8%
Securities borrowed
159
178
182
-10.8%
Cash and equivalents
77.4
100
113
-22.9%
Other assets
17,475
16,610
16,186
+5.2%
Total assets
64,013
61,942
60,590
+3.3%
10-K for the year ended 31 December 2017, filed 21 February 2018: the filing.