2011 Form 8-K Financial Statement

#000144530512001570 Filed on May 08, 2012

View on sec.gov

Income Statement

Concept 2011 2010 Q4 2010
Revenue $1.103B $279.4M $1.362B
YoY Change -19.0% -51.71% -38.67%
Cost Of Revenue $242.7M
YoY Change
Gross Profit $860.4M
YoY Change
Gross Profit Margin 78.0%
Selling, General & Admin $191.7M $50.30M $180.1M
YoY Change 6.44% 19.76% 10.63%
% of Gross Profit 22.28%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $7.300M $12.00M $6.900M
YoY Change 5.8% -89.08% -98.04%
% of Gross Profit 0.85%
Operating Expenses $831.2M $191.9M $979.5M
YoY Change -15.14% -49.45% -33.75%
Operating Profit $29.20M
YoY Change
Interest Expense $27.97M -$7.000M $20.87M
YoY Change 34.0%
% of Operating Profit 95.79%
Other Income/Expense, Net
YoY Change
Pretax Income $243.9M $80.50M $361.5M
YoY Change -32.52% -59.55% -51.27%
Income Tax $86.72M $27.60M $129.0M
% Of Pretax Income 35.55% 34.29% 35.69%
Net Earnings $157.2M $52.90M $232.5M
YoY Change -32.38% -58.05% -51.84%
Net Earnings / Revenue 14.25% 18.93% 17.07%
Basic Earnings Per Share $2.11 $3.09
Diluted Earnings Per Share $2.08 $722.7K $3.06
COMMON SHARES
Basic Shares Outstanding 72.28M shares 72.10M shares
Diluted Shares Outstanding 73.11M shares 72.88M shares

Balance Sheet

Concept 2011 2010 Q4 2010
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $136.0M $126.0M $126.0M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $13.00M $16.00M
YoY Change -18.75% 23.08%
Goodwill
YoY Change
Intangibles $75.36M
YoY Change
Long-Term Investments $2.022B $2.154B $2.154B
YoY Change -6.13% -66.71% -66.71%
Other Assets $0.00 $0.00
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $9.852B $9.769B $9.884B
YoY Change -0.32% -28.77% -27.93%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $0.00 $0.00
YoY Change -100.0% -100.0%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $231.0M $318.0M $318.0M
YoY Change -27.36% -80.17% -80.17%
LONG-TERM LIABILITIES
Long-Term Debt $300.0M $300.0M $300.0M
YoY Change 0.0%
Other Long-Term Liabilities $381.0M $386.0M $386.0M
YoY Change -1.3% 41.39% 41.39%
Total Long-Term Liabilities $681.0M $686.0M $686.0M
YoY Change -0.73% 151.28% 151.28%
TOTAL LIABILITIES
Total Short-Term Liabilities $231.0M $318.0M $318.0M
Total Long-Term Liabilities $681.0M $686.0M $686.0M
Total Liabilities $8.525B $8.413B $8.453B
YoY Change 0.85% -4.08% -3.63%
SHAREHOLDERS EQUITY
Retained Earnings $194.2M
YoY Change
Common Stock $1.011B
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares 0.000 shares
Shareholders Equity $1.327B $1.357B $1.431B
YoY Change
Total Liabilities & Shareholders Equity $9.852B $9.769B $9.884B
YoY Change -0.32% -28.77% -27.93%

Cashflow Statement

Concept 2011 2010 Q4 2010
OPERATING ACTIVITIES
Net Income $157.2M $52.90M $232.5M
YoY Change -32.38% -58.05% -51.84%
Depreciation, Depletion And Amortization $7.300M $12.00M $6.900M
YoY Change 5.8% -89.08% -98.04%
Cash From Operating Activities $87.22M $19.40M $40.86M
YoY Change 113.47% -89.09% -94.29%
INVESTING ACTIVITIES
Capital Expenditures $3.913M $9.864M
YoY Change -60.33% 101.55%
Acquisitions
YoY Change
Other Investing Activities $3.666M $17.30M $739.6M
YoY Change -99.5% -112.36% -309.52%
Cash From Investing Activities $128.7M $23.90M $739.6M
YoY Change -82.6% -116.88% -306.67%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $204.1M $0.00
YoY Change
Debt Paid & Issued, Net $0.00 $0.00
YoY Change
Cash From Financing Activities -$206.6M -800.0K -$1.290B
YoY Change -83.99% -95.53% 2185.95%
NET CHANGE
Cash From Operating Activities $87.22M 19.40M $40.86M
Cash From Investing Activities $128.7M 23.90M $739.6M
Cash From Financing Activities -$206.6M -800.0K -$1.290B
Net Change In Cash $9.358M 42.50M -$509.5M
YoY Change -101.84% 130.98% -269.08%
FREE CASH FLOW
Cash From Operating Activities $87.22M $19.40M $40.86M
Capital Expenditures $3.913M $9.864M
Free Cash Flow $83.30M $30.99M
YoY Change 168.79% -95.64%

Facts In Submission

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CY2010Q4 us-gaap Stockholders Equity
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CY2009Q4 us-gaap Stockholders Equity
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CY2011 pri Insurance Expenses
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CY2009 pri Insurance Expenses
InsuranceExpenses
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CY2010 pri Insurance Expenses
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CY2011 pri Noncash Investing And Financing Payments Net Distributions In Connection With Reinsurance Transactions And Corporate Reorganization
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CY2009 pri Noncash Investing And Financing Payments Net Distributions In Connection With Reinsurance Transactions And Corporate Reorganization
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CY2010 pri Noncash Investing And Financing Payments Net Distributions In Connection With Reinsurance Transactions And Corporate Reorganization
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CY2009 pri Noncash Investing And Financing Share Based Compensation
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CY2010 pri Noncash Investing And Financing Share Based Compensation
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46094000 USD
CY2011 pri Noncash Investing And Financing Share Based Compensation
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CY2009 pri Other Comprehensive Income Reclassification Adjustment For Unrealized Holding Gains On Investment Securities Transferred Before Tax
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0 USD
CY2010 pri Other Comprehensive Income Reclassification Adjustment For Unrealized Holding Gains On Investment Securities Transferred Before Tax
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132688000 USD
CY2011 pri Other Comprehensive Income Reclassification Adjustment For Unrealized Holding Gains On Investment Securities Transferred Before Tax
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0 USD
CY2011 pri Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities Debt
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CY2011 pri Proceeds From Sale And Maturity Of Available For Sale Securities Equity
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3037000 USD
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CY2010 pri Proceeds From Sale And Maturity Of Available For Sale Securities Equity
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CY2011 pri Proceeds From Sales Of Short Term Investments Using Collateral Held Under Securities Lending Net
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CY2009 pri Proceeds From Sales Of Short Term Investments Using Collateral Held Under Securities Lending Net
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CY2010 pri Proceeds From Sales Of Short Term Investments Using Collateral Held Under Securities Lending Net
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CY2011 pri Realized Investment Gains Losses Including Other Than Temporary Impairment Losses
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6440000 USD
CY2010 pri Realized Investment Gains Losses Including Other Than Temporary Impairment Losses
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34145000 USD
CY2009 pri Realized Investment Gains Losses Including Other Than Temporary Impairment Losses
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CY2011 dei Amendment Flag
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false
CY2011 dei Current Fiscal Year End Date
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--12-31
CY2011 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2011 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2011
CY2011 dei Document Period End Date
DocumentPeriodEndDate
2011-12-31
CY2011 dei Document Type
DocumentType
8-K
CY2011 dei Entity Central Index Key
EntityCentralIndexKey
0001475922
CY2012Q1 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
64938806 shares
CY2011 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2011 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2011Q2 dei Entity Public Float
EntityPublicFloat
842037313 USD
CY2011 dei Entity Registrant Name
EntityRegistrantName
Primerica, Inc.
CY2011 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2011 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No

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