$PRI
Primerica, Inc.

2014 Q3 Form 10-Q Financial Statement

#000156459015009627 Filed on November 05, 2015

View on sec.gov

Income Statement

Concept 2014 Q3
Revenue $339.2M
YoY Change 9.27%
Cost Of Revenue $81.24M
YoY Change 6.12%
Gross Profit $258.0M
YoY Change 10.3%
Gross Profit Margin 76.05%
Selling, General & Admin $67.50M
YoY Change 15.58%
% of Gross Profit 26.17%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $36.94M
YoY Change 14.76%
% of Gross Profit 14.32%
Operating Expenses $266.1M
YoY Change 11.39%
Operating Profit -$8.148M
YoY Change 61.67%
Interest Expense $8.712M
YoY Change -0.16%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $64.02M
YoY Change 1.99%
Income Tax $22.41M
% Of Pretax Income 35.0%
Net Earnings $41.60M
YoY Change -3.69%
Net Earnings / Revenue 12.26%
Basic Earnings Per Share $0.75
Diluted Earnings Per Share $0.75
COMMON SHARES
Basic Shares Outstanding 54.71M
Diluted Shares Outstanding 54.74M

Balance Sheet

Concept 2014 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $165.0M
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
YoY Change
Goodwill
YoY Change
Intangibles $65.35M
YoY Change -5.88%
Long-Term Investments $2.037B
YoY Change 15.61%
Other Assets $41.00M
YoY Change 28.13%
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $10.74B
YoY Change 5.32%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $68.00M
YoY Change -61.8%
LONG-TERM LIABILITIES
Long-Term Debt $564.0M
YoY Change 50.8%
Other Long-Term Liabilities $366.0M
YoY Change 10.91%
Total Long-Term Liabilities $930.0M
YoY Change 32.1%
TOTAL LIABILITIES
Total Short-Term Liabilities $68.00M
Total Long-Term Liabilities $930.0M
Total Liabilities $9.448B
YoY Change 4.93%
SHAREHOLDERS EQUITY
Retained Earnings $756.7M
YoY Change 24.1%
Common Stock $429.8M
YoY Change -7.64%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.294B
YoY Change
Total Liabilities & Shareholders Equity $10.74B
YoY Change 5.32%

Cashflow Statement

Concept 2014 Q3
OPERATING ACTIVITIES
Net Income $41.60M
YoY Change -3.69%
Depreciation, Depletion And Amortization $36.94M
YoY Change 14.76%
Cash From Operating Activities $61.00M
YoY Change 60.1%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$9.600M
YoY Change 123.26%
Cash From Investing Activities -$9.600M
YoY Change 123.26%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -36.90M
YoY Change 653.06%
NET CHANGE
Cash From Operating Activities 61.00M
Cash From Investing Activities -9.600M
Cash From Financing Activities -36.90M
Net Change In Cash 14.50M
YoY Change -49.83%
FREE CASH FLOW
Cash From Operating Activities $61.00M
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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us-gaap Depreciation And Amortization
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us-gaap Depreciation And Amortization
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<div> <p style="margin-top:7pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-style:italic;font-family:Times New Roman;font-size:10pt;text-transform:none;font-variant: normal;">Use of Estimates.<font style="font-weight:normal;font-style:normal;"> The most significant items that involve a greater degree of accounting estimates and actuarial determinations subject to change in the future are the valuation of investments, deferred policy acquisition costs ("DAC"), liabilities for future policy benefits and unpaid policy claims, and income taxes. Estimates for these and other items are subject to change and are reassessed by management in accordance with U.S. GAAP. Actual results could differ from those estimates.</font></p></div>
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FixedMaturityAndEquitySecuritiesWithCostBasisInExcessOfFairValueCostBasis
473400000
CY2014Q4 pri Fixed Maturity And Equity Securities With Cost Basis In Excess Of Fair Value Cost Basis
FixedMaturityAndEquitySecuritiesWithCostBasisInExcessOfFairValueCostBasis
340800000
us-gaap Available For Sale Securities Continuous Unrealized Loss Position Less Than12 Months Aggregate Losses
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAggregateLosses
19492000
CY2015Q3 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Twelve Months Or Longer Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue
98764000
us-gaap Available For Sale Securities Continuous Unrealized Loss Position12 Months Or Longer Aggregate Losses
AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAggregateLosses
21450000
pri Other Than Temporary Impairment Credit Losses Recognized In Earnings Reductions Sales Maturities Calls Amortization Or Increase In Cash Flows
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsReductionsSalesMaturitiesCallsAmortizationOrIncreaseInCashFlows
836000
us-gaap Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net Heldtomaturity Securities
OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNetHeldtomaturitySecurities
0
CY2015Q3 pri Fair Value Assumptions Percentage Of Securities Assessed By Third Party Pricing Service
FairValueAssumptionsPercentageOfSecuritiesAssessedByThirdPartyPricingService
0.94
CY2015Q3 us-gaap Fair Value Equity Level1 To Level2 Transfers Amount
FairValueEquityLevel1ToLevel2TransfersAmount
1000000
CY2015Q3 pri Percentage Of Coinsurance Covered Costs
PercentageOfCoinsuranceCoveredCosts
0.10
CY2014Q4 pri Percentage Of Coinsurance Covered Costs
PercentageOfCoinsuranceCoveredCosts
0.10
CY2015Q3 us-gaap Life Insurance In Force Gross
LifeInsuranceInForceGross
693128573000
CY2014Q4 us-gaap Life Insurance In Force Gross
LifeInsuranceInForceGross
685998013000
CY2015Q3 us-gaap Life Insurance In Force Ceded
LifeInsuranceInForceCeded
613138752000
us-gaap Contracts In Force Subject To Participation Through Reinsurance Percentage
ContractsInForceSubjectToParticipationThroughReinsurancePercentage
0.88
CY2014 us-gaap Contracts In Force Subject To Participation Through Reinsurance Percentage
ContractsInForceSubjectToParticipationThroughReinsurancePercentage
0.89
CY2013Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
54834000
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
89000
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
4000
us-gaap Stock Issued During Period Shares Share Based Compensation
StockIssuedDuringPeriodSharesShareBasedCompensation
407000
us-gaap Stock Issued During Period Shares Share Based Compensation
StockIssuedDuringPeriodSharesShareBasedCompensation
381000
us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
4094000
us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
1537000
CY2014Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
53682000
CY2015Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
22000
CY2014Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
31000
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
32000
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
25000
CY2015Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2056000
CY2014Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
8497000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
12918000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
14333000
pri Number Of Jurisdiction
NumberOfJurisdiction
30

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