Unum Group (UNM) FY2019 results: revenue $12.0 billion, up 3.5% on the year
Unum Group (UNM) reported revenue of $12.0 billion for fiscal 2019, the year ended 31 December 2019, up 3.5% on the year before. Net income was $1.1 billion, up 110.2%, and diluted earnings per share $5.24. The figures are the company's own, from the 10-K it filed with the SEC on 18 February 2020.
Revenue
$12.0 billion
+3.5% on the year
FY2012FY2019
Operating margin
11.5%
5.4% a year earlier
FY2012FY2019
Net income
$1.1 billion
+110.2% on the year
FY2012FY2019
Diluted EPS
$5.24
+120.2% on the year
FY2012FY2019
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Revenue
11,999
11,598
11,287
+3.5%
Operating income
1,382
628
1,404
+120.1%
Operating margin
11.5%
5.4%
12.4%
Pre-tax income
1,382
628
1,404
+120.1%
Income tax
282
104
410
+169.9%
Effective tax rate
20.4%
16.6%
29.2%
Net income
1,100
523
994
+110.2%
Net margin
9.2%
4.5%
8.8%
Diluted EPS
$5.24
$2.38
$4.37
+120.2%
$ 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
FY2019
FY2018
FY2017
On the year
Last 8 years
Operating cash flow
1,607
1,536
1,164
+4.6%
Capital expenditure
151
144
105
+4.7%
Free cash flow
1,456
1,392
1,059
+4.5%
Free cash flow margin
12.1%
12.0%
9.4%
Cash from investing
-1,394
-930
-499
Cash from financing
-223
-590
-688
Depreciation and amortisation
110
101
103
+8.6%
Share-based compensation
26.6
26.3
29.5
+1.1%
Buybacks
400
356
402
+12.4%
Dividends paid
229
216
196
+6.3%
Dividend per share
$1.09
$0.98
$0.86
+11.2%
Diluted shares, weighted
210m
220m
227m
-4.6%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
9,965
8,622
9,575
+15.6%
Debt
3,327
2,971
2,938
+12.0%
Other liabilities
53,722
50,282
51,500
+6.8%
Total liabilities and equity
67,013
61,876
64,013
+8.3%
Fixed assets
534
547
505
-2.3%
Goodwill
352
350
339
+0.4%
Securities held for sale or to maturity
47,444
43,012
45,458
+10.3%
Securities borrowed
176
164
159
+7.5%
Cash and equivalents
84.1
94.0
77.4
-10.5%
Other assets
18,423
17,709
17,475
+4.0%
Total assets
67,013
61,876
64,013
+8.3%
10-K for the year ended 31 December 2019, filed 18 February 2020: the filing.