2021 Q3 Form 10-Q Financial Statement
#000000551321000151 Filed on November 03, 2021
Income Statement
| Concept | 2021 Q3 | 2020 Q3 |
|---|---|---|
| Revenue | $2.970B | $2.996B |
| YoY Change | -0.89% | 1.23% |
| Cost Of Revenue | $1.754B | $1.889B |
| YoY Change | -7.13% | 0.91% |
| Gross Profit | $1.216B | $1.108B |
| YoY Change | 9.76% | 1.76% |
| Gross Profit Margin | 40.94% | 36.97% |
| Selling, General & Admin | $241.6M | $230.0M |
| YoY Change | 5.04% | 1.55% |
| % of Gross Profit | 19.87% | 20.76% |
| Research & Development | ||
| YoY Change | ||
| % of Gross Profit | ||
| Depreciation & Amortization | $30.40M | $149.7M |
| YoY Change | -79.69% | 2.32% |
| % of Gross Profit | 2.5% | 13.51% |
| Operating Expenses | $2.515B | $2.624B |
| YoY Change | -4.15% | 1.34% |
| Operating Profit | -$1.299B | -$1.516B |
| YoY Change | -14.31% | 1.03% |
| Interest Expense | -$44.70M | -$49.40M |
| YoY Change | -9.51% | 7.16% |
| % of Operating Profit | ||
| Other Income/Expense, Net | ||
| YoY Change | ||
| Pretax Income | $409.9M | $299.6M |
| YoY Change | 36.82% | 0.07% |
| Income Tax | $81.30M | $68.50M |
| % Of Pretax Income | 19.83% | 22.86% |
| Net Earnings | $328.6M | $231.1M |
| YoY Change | 42.19% | -4.5% |
| Net Earnings / Revenue | 11.07% | 7.71% |
| Basic Earnings Per Share | $1.61 | $1.13 |
| Diluted Earnings Per Share | $1.602M | $1.13 |
| COMMON SHARES | ||
| Basic Shares Outstanding | 204.4M shares | 203.8M shares |
| Diluted Shares Outstanding | 205.1M shares | 203.9M shares |
Balance Sheet
| Concept | 2021 Q3 | 2020 Q3 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | ||
| YoY Change | ||
| Cash & Equivalents | $121.7M | $103.8M |
| 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 | $462.5M | $508.8M |
| YoY Change | -9.1% | -10.47% |
| Goodwill | $350.6M | |
| YoY Change | 0.57% | |
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | $52.42B | $58.36B |
| YoY Change | -10.19% | 5.06% |
| Other Assets | ||
| YoY Change | ||
| Total Long-Term Assets | ||
| YoY Change | ||
| TOTAL ASSETS | ||
| Total Short-Term Assets | ||
| Total Long-Term Assets | ||
| Total Assets | $70.60B | $69.62B |
| YoY Change | 1.41% | 3.97% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | ||
| YoY Change | ||
| Accrued Expenses | ||
| YoY Change | ||
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Long-Term Debt Due | $0.00 | |
| YoY Change | -100.0% | |
| Total Short-Term Liabilities | $40.70M | $460.0M |
| YoY Change | -91.15% | -26.28% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $3.441B | $3.379B |
| YoY Change | 1.85% | 11.22% |
| Other Long-Term Liabilities | $2.999B | $1.998B |
| YoY Change | 50.12% | 9.72% |
| Total Long-Term Liabilities | $6.441B | $5.377B |
| YoY Change | 19.78% | 10.66% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $40.70M | $460.0M |
| Total Long-Term Liabilities | $6.441B | $5.377B |
| Total Liabilities | $59.48B | $58.72B |
| YoY Change | 1.29% | 2.44% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | $11.19B | |
| YoY Change | 6.68% | |
| Common Stock | $2.402B | |
| YoY Change | 1.23% | |
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | $3.180B | |
| YoY Change | 3.25% | |
| Treasury Stock Shares | 102.9M shares | |
| Shareholders Equity | $11.12B | $10.89B |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $70.60B | $69.62B |
| YoY Change | 1.41% | 3.97% |
Cashflow Statement
| Concept | 2021 Q3 | 2020 Q3 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | $328.6M | $231.1M |
| YoY Change | 42.19% | -4.5% |
| Depreciation, Depletion And Amortization | $30.40M | $149.7M |
| YoY Change | -79.69% | 2.32% |
| Cash From Operating Activities | $455.1M | $426.4M |
| YoY Change | 6.73% | 35.75% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | -$24.80M | -$22.00M |
| YoY Change | 12.73% | -48.36% |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | -$374.3M | $22.60M |
| YoY Change | -1756.19% | -114.48% |
| Cash From Investing Activities | -$399.1M | $600.0K |
| YoY Change | -66616.67% | -100.3% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | -57.40M | -488.8M |
| YoY Change | -88.26% | 392.74% |
| NET CHANGE | ||
| Cash From Operating Activities | 455.1M | 426.4M |
| Cash From Investing Activities | -399.1M | 600.0K |
| Cash From Financing Activities | -57.40M | -488.8M |
| Net Change In Cash | -1.400M | -61.80M |
| YoY Change | -97.73% | -481.48% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | $455.1M | $426.4M |
| Capital Expenditures | -$24.80M | -$22.00M |
| Free Cash Flow | $479.9M | $448.4M |
| YoY Change | 7.02% | 25.71% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2020Q4 | us-gaap |
Allowance For Loan And Lease Losses Real Estate
AllowanceForLoanAndLeaseLossesRealEstate
|
13100000 | USD |
| CY2021Q3 | us-gaap |
Allowance For Loan And Lease Losses Real Estate
AllowanceForLoanAndLeaseLossesRealEstate
|
11300000 | USD |
| CY2021Q3 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
409900000 | USD |
| CY2020Q3 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
299600000 | USD |
| us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
871300000 | USD | |
| us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
839300000 | USD | |
| CY2021Q3 | unm |
Other Comprehensive Income Loss Net Gain On Hedges Adjustment Tax
OtherComprehensiveIncomeLossNetGainOnHedgesAdjustmentTax
|
-2200000 | USD |
| us-gaap |
Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
|
322300000 | USD | |
| us-gaap |
Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
|
499700000 | USD | |
| us-gaap |
Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
|
3123500000 | USD | |
| us-gaap |
Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
|
2229500000 | USD | |
| us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
400000 | USD | |
| us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
0 | USD | |
| CY2020Q4 | us-gaap |
Allowance For Loan And Lease Losses Real Estate
AllowanceForLoanAndLeaseLossesRealEstate
|
13100000 | USD |
| CY2021Q3 | us-gaap |
Debt Securities Available For Sale Allowance For Credit Loss Period Increase Decrease
DebtSecuritiesAvailableForSaleAllowanceForCreditLossPeriodIncreaseDecrease
|
0 | USD |
| CY2020Q3 | us-gaap |
Debt Securities Available For Sale Allowance For Credit Loss Period Increase Decrease
DebtSecuritiesAvailableForSaleAllowanceForCreditLossPeriodIncreaseDecrease
|
0 | USD |
| us-gaap |
Debt Securities Available For Sale Allowance For Credit Loss Period Increase Decrease
DebtSecuritiesAvailableForSaleAllowanceForCreditLossPeriodIncreaseDecrease
|
9300000 | USD | |
| us-gaap |
Debt Securities Available For Sale Allowance For Credit Loss Period Increase Decrease
DebtSecuritiesAvailableForSaleAllowanceForCreditLossPeriodIncreaseDecrease
|
59300000 | USD | |
| CY2021Q3 | us-gaap |
Impairment Of Real Estate
ImpairmentOfRealEstate
|
0 | USD |
| CY2020Q3 | us-gaap |
Impairment Of Real Estate
ImpairmentOfRealEstate
|
8400000 | USD |
| us-gaap |
Impairment Of Real Estate
ImpairmentOfRealEstate
|
0 | USD | |
| us-gaap |
Impairment Of Real Estate
ImpairmentOfRealEstate
|
8400000 | USD | |
| unm |
Net Reduction In Unpaid Claims As A Result Of Assumption Updates Before Tax
NetReductionInUnpaidClaimsAsAResultOfAssumptionUpdatesBeforeTax
|
-206500000 | USD | |
| unm |
Unum Us Group Long Term Disability Reserve Reduction Before Tax
UnumUSGroupLongTermDisabilityReserveReductionBeforeTax
|
215000000 | USD | |
| unm |
Closed Block Long Term Care Reserve Increase Before Tax
ClosedBlockLongTermCareReserveIncreaseBeforeTax
|
2100000 | USD | |
| unm |
Closed Block Individual Disability Reserve Increase Before Tax
ClosedBlockIndividualDisabilityReserveIncreaseBeforeTax
|
6400000 | USD | |
| CY2021Q3 | us-gaap |
Capitalized Computer Software Impairments1
CapitalizedComputerSoftwareImpairments1
|
12100000 | USD |
| CY2020Q3 | us-gaap |
Capitalized Computer Software Impairments1
CapitalizedComputerSoftwareImpairments1
|
0 | USD |
| us-gaap |
Capitalized Computer Software Impairments1
CapitalizedComputerSoftwareImpairments1
|
12100000 | USD | |
| us-gaap |
Capitalized Computer Software Impairments1
CapitalizedComputerSoftwareImpairments1
|
0 | USD | |
| CY2021Q3 | us-gaap |
Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
|
0 | USD |
| us-gaap |
Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
|
13900000 | USD | |
| CY2020Q3 | unm |
Costs Related To Organizational Design Update
CostsRelatedToOrganizationalDesignUpdate
|
23300000 | USD |
| us-gaap |
Stock Repurchase Program Expiration Date
StockRepurchaseProgramExpirationDate
|
2022-12-31 | ||
| us-gaap |
Income Tax Expense Benefit Continuing Operations Adjustment Of Deferred Tax Asset Liability
IncomeTaxExpenseBenefitContinuingOperationsAdjustmentOfDeferredTaxAssetLiability
|
9300000 | USD | |
| CY2021Q3 | us-gaap |
Premiums Receivable Allowance For Doubtful Accounts
PremiumsReceivableAllowanceForDoubtfulAccounts
|
32600000 | USD |
| CY2021Q3 | us-gaap |
Premiums Receivable Gross
PremiumsReceivableGross
|
575800000 | USD |
| CY2020Q3 | us-gaap |
Premiums Receivable Allowance For Doubtful Accounts
PremiumsReceivableAllowanceForDoubtfulAccounts
|
41100000 | USD |
| CY2020Q3 | us-gaap |
Premiums Receivable Gross
PremiumsReceivableGross
|
597300000 | USD |
| CY2020Q3 | us-gaap |
Premium Receivable Credit Loss Expense Reversal
PremiumReceivableCreditLossExpenseReversal
|
-6400000 | USD |
| us-gaap |
Premium Receivable Credit Loss Expense Reversal
PremiumReceivableCreditLossExpenseReversal
|
17300000 | USD | |
| CY2021Q3 | us-gaap |
Capitalized Computer Software Impairments1
CapitalizedComputerSoftwareImpairments1
|
12100000 | USD |
| us-gaap |
Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
|
13900000 | USD | |
| us-gaap |
Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
|
12700000 | USD | |
| CY2020Q3 | unm |
Costs Related To Organizational Design Update
CostsRelatedToOrganizationalDesignUpdate
|
23300000 | USD |
