Unum Group (UNM) FY2020 results: revenue $13.2 billion, up 9.7% on the year
Unum Group (UNM) reported revenue of $13.2 billion for fiscal 2020, the year ended 31 December 2020, up 9.7% on the year before. Net income was $793 million, down 27.9%, and diluted earnings per share $3.89. The figures are the company's own, from the 10-K it filed with the SEC on 17 February 2021.
Revenue
$13.2 billion
+9.7% on the year
FY2013FY2020
Operating margin
7.3%
11.5% a year earlier
FY2013FY2020
Net income
$793 million
-27.9% on the year
FY2013FY2020
Diluted EPS
$3.89
-25.8% on the year
FY2013FY2020
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Revenue
13,162
11,999
11,598
+9.7%
Operating income
964
1,382
628
-30.3%
Operating margin
7.3%
11.5%
5.4%
Pre-tax income
964
1,382
628
-30.3%
Income tax
171
282
104
-39.3%
Effective tax rate
17.7%
20.4%
16.6%
Net income
793
1,100
523
-27.9%
Net margin
6.0%
9.2%
4.5%
Diluted EPS
$3.89
$5.24
$2.38
-25.8%
$ 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
FY2020
FY2019
FY2018
On the year
Last 8 years
Operating cash flow
469
1,607
1,536
-70.8%
Capital expenditure
119
151
144
-21.1%
Free cash flow
350
1,456
1,392
-75.9%
Free cash flow margin
2.7%
12.1%
12.0%
Cash from investing
-268
-1,394
-930
Cash from financing
-88.7
-223
-590
Depreciation and amortisation
114
110
101
+3.2%
Share-based compensation
30.4
26.6
26.3
+14.3%
Buybacks
0.0
400
356
Dividends paid
232
229
216
+1.2%
Dividend per share
$1.14
$1.09
$0.98
+4.6%
Diluted shares, weighted
204m
210m
220m
-2.9%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
10,871
9,965
8,622
+9.1%
Debt
3,346
3,327
2,971
+0.6%
Other liabilities
56,409
53,722
50,282
+5.0%
Total liabilities and equity
70,626
67,013
61,876
+5.4%
Fixed assets
498
534
547
-6.8%
Goodwill
353
352
350
+0.4%
Securities held for sale or to maturity
44,137
47,444
43,012
-7.0%
Securities borrowed
96.6
176
164
-45.2%
Cash and equivalents
197
84.1
94.0
+134.2%
Other assets
25,344
18,423
17,709
+37.6%
Total assets
70,626
67,013
61,876
+5.4%
10-K for the year ended 31 December 2020, filed 17 February 2021: the filing.