Unum Group (UNM) FY2018 results: revenue $11.6 billion, up 2.8% on the year
Unum Group (UNM) reported revenue of $11.6 billion for fiscal 2018, the year ended 31 December 2018, up 2.8% on the year before. Net income was $523 million, down 47.4%, and diluted earnings per share $2.38. The figures are the company's own, from the 10-K it filed with the SEC on 19 February 2019.
Revenue
$11.6 billion
+2.8% on the year
FY2011FY2018
Operating margin
5.4%
12.4% a year earlier
FY2011FY2018
Net income
$523 million
-47.4% on the year
FY2011FY2018
Diluted EPS
$2.38
-45.5% on the year
FY2011FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
11,598
11,287
11,046
+2.8%
Operating income
628
1,404
1,348
-55.3%
Operating margin
5.4%
12.4%
12.2%
Pre-tax income
628
1,404
1,348
-55.3%
Income tax
104
410
416
-74.5%
Effective tax rate
16.6%
29.2%
30.9%
Net income
523
994
931
-47.4%
Net margin
4.5%
8.8%
8.4%
Diluted EPS
$2.38
$4.37
$3.95
-45.5%
$ 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
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
1,536
1,164
1,122
+32.0%
Capital expenditure
144
105
85.0
+36.8%
Free cash flow
1,392
1,059
1,037
+31.5%
Free cash flow margin
12.0%
9.4%
9.4%
Cash from investing
-930
-499
-716
Cash from financing
-590
-688
-419
Depreciation and amortisation
101
103
102
-1.9%
Share-based compensation
26.3
29.5
21.9
-10.8%
Buybacks
356
402
405
-11.3%
Dividends paid
216
196
183
+10.0%
Dividend per share
$0.98
$0.86
n/a
+14.0%
Diluted shares, weighted
220m
227m
236m
-3.2%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
8,622
9,575
8,968
-10.0%
Debt
2,971
2,938
2,999
+1.1%
Other liabilities
50,282
51,500
49,974
-2.4%
Total liabilities and equity
61,876
64,013
61,942
-3.3%
Fixed assets
547
505
501
+8.3%
Goodwill
350
339
335
+3.5%
Securities held for sale or to maturity
43,012
45,458
44,217
-5.4%
Securities borrowed
164
159
178
+3.1%
Cash and equivalents
94.0
77.4
100
+21.4%
Other assets
17,709
17,475
16,610
+1.3%
Total assets
61,876
64,013
61,942
-3.3%
10-K for the year ended 31 December 2018, filed 19 February 2019: the filing.