← HORACE MANN EDUCATORS CORP /DE/
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income (Loss) Attributable to Parent | $83.8m |
$169.5m
+102.30%
|
$18.3m
-89.18%
|
$184.4m
+905.52%
|
$133.3m
-27.72%
|
$142.8m
+7.11%
|
($2.6m)
-101.82%
|
$45.0m
+1830.77%
|
$102.8m
+128.44%
|
$162.1m
+57.68%
|
— | |
| Depreciation, Depletion and Amortization | $6.9m | $6.6m | $7.4m | $15.6m | $23.4m | $18.4m | $27.6m | $26.2m | $26.4m | $27.1m | $26.9m | |
| Amortization of Intangible Assets | — | — | — | $8.8m | $14.4m | $13.0m | $16.8m | $14.8m | $14.5m | $14.3m | — | |
| Deferred Policy Acquisition Costs, Amortization Expense | $96.7m | $102.2m | $109.9m | $109.2m | $99.9m | $94.7m | $98.7m | $101.2m | $111.1m | $124.5m | — | |
| Deferred Income Tax Expense (Benefit) | $4.1m | ($84.6m) | ($3.0m) | $20.5m | $9.4m | $4.4m | ($8.6m) | $1.8m | $5.9m | ($17.3m) | — | |
| Share-based Payment Arrangement, Noncash Expense | — | — | — | $7.3m | $6.7m | $8.4m | $8.9m | $9.5m | $9.9m | $10.2m | $9.6m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | $3.2m | $3.2m | $3.7m | $2.3m | $2.0m | $2.4m | $1.8m | $1.8m | $3.4m | — | |
| Share-based Payment Arrangement, Expense | $1.2m | — | — | $5.2m | $4.8m | — | $6.9m | $7.5m | $7.8m | $8.7m | $9.6m | |
| Goodwill and Intangible Asset Impairment | — | — | — | — | $10.0m | $0 | $4.8m | $0 | $0 | — | — | |
| Goodwill, Impairment Loss | — | — | — | $28.0m | $5.6m | $0 | $2.0m | $0 | $0 | $0 | $0 | |
| Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) | — | — | — | — | $767k | $0 | $300k | $0 | $0 | $0 | — | |
| Asset Impairment Charge | — | — | — | — | — | $0 | $4.8m | $0 | $0 | — | $0 | |
| Earnings (Loss)es From Equity Investments | — | — | — | — | — | — | $18.2m | ($14.5m) | $35.5m | ($5.0m) | ($700k) | |
| Income (Loss) from Equity Method Investments, Net of Dividends or Distributions | — | — | — | ($9.1m) | ($2.7m) | $41.5m | ($18.2m) | $14.5m | ($35.5m) | $5.0m | — | |
| Change In Working Capital | — | — | — | — | — | — | $35.7m | $211.9m | $261.6m | $349.6m | $350.3m | |
| Liability for Unpaid Claims and Claims Adjustment Expense, Incurred Claims | — | — | — | — | — | — | — | — | $72.8m | $68.3m | — | |
| Net Cash Provided by (Used in) Operating Activities | $207.4m |
$256.6m
+23.70%
|
$200.9m
-21.71%
|
$127.6m
-36.50%
|
$259.8m
+103.64%
|
$204.9m
-21.13%
|
$171.5m
-16.30%
|
$302.1m
+76.15%
|
$452.1m
+49.65%
|
$553.2m
+22.36%
|
$566.1m
+2.33%
|
|
| Cash flows from investing activities: | ||||||||||||
| Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale | $799.7m | $927.7m | $737.5m | $799.5m | $640.3m | $873.3m | $496.8m | $291.9m | $539.7m | $689.5m | — | |
| Gain (Loss) on Sale of Investments | — | — | — | $153.3m | ($2.3m) | ($11.0m) | ($56.5m) | ($24.0m) | ($17.3m) | ($13.0m) | — | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | — | — | $421.5m | $0 | $0 | $164.4m | $0 | $0 | — | ($78.8m) | |
| Payments for (Proceeds from) Other Investing Activities | ($95.4m) | ($8.8m) | $56.2m | $49.3m | ($12.1m) | $19.0m | ($30.4m) | ($9.2m) | ($7.2m) | $9.8m | — | |
| Net Other Investing Changes | — | — | — | — | — | — | ($9.6m) | $9.2m | $7.2m | ($9.8m) | ($19.8m) | |
| Net Cash Provided by (Used in) Investing Activities | ($325.4m) | ($228.7m) | ($186.5m) | $55.9m | ($406.8m) | ($302.0m) | ($214.6m) | ($107.4m) | ($135.8m) | ($252.1m) | ($266.8m) | |
| Cash flows from financing activities: | ||||||||||||
| Proceeds from Issuance of Long-term Debt | — | — | — | — | — | — | — | — | — | $295.2m | $295.2m | |
| Debt and Equity Securities, Gain (Loss) | — | — | $3.5m | $151.5m | $15.0m | $4.3m | ($17.8m) | ($25.0m) | ($24.3m) | $8.4m | — | |
| Gain (Loss) on Extinguishment of Debt | $0 | $0 | — | — | — | — | — | — | — | — | — | |
| Issuance Of Debt | — | — | — | — | — | — | $0 | $297.7m | $0 | $295.2m | $295.2m | |
| Long Term Debt Issuance | — | — | — | — | — | — | $0 | $297.7m | $0 | $295.2m | $295.2m | |
| Long Term Debt Payments | — | — | — | — | — | — | ($154.0m) | ($438.5m) | ($270.0m) | ($759.5m) | ($1.1b) | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | ($154.0m) | ($140.8m) | ($270.0m) | ($464.3m) | ($767.6m) | |
| Net Long Term Debt Issuance | — | — | — | — | — | — | ($154.0m) | ($140.8m) | ($270.0m) | ($464.3m) | ($769.3m) | |
| Net Short Term Debt Issuance | — | — | — | — | — | $119.0m | $0 | ($249.0m) | — | — | ($249.2m) | |
| Repayment Of Debt | — | — | — | — | — | — | ($154.0m) | ($438.5m) | ($270.0m) | ($759.5m) | ($1.1b) | |
| Short Term Debt Issuance | — | — | — | — | — | $119.0m | $0 | $0 | — | — | — | |
| Short Term Debt Payments | — | — | — | — | — | $0 | $0 | ($249.0m) | — | — | — | |
| Payments of Ordinary Dividends, Common Stock | $44.3m | $46.1m | $46.7m | $47.3m | $49.6m | $51.4m | $52.6m | $53.9m | $55.5m | $57.1m | ($57.6m) | |
| Common Stock Dividend Paid | — | — | — | — | — | — | ($52.6m) | ($53.9m) | ($55.5m) | ($57.1m) | ($57.6m) | |
| Common Stock Payments | — | — | — | — | — | — | ($24.0m) | ($6.5m) | ($8.6m) | ($20.8m) | ($31.9m) | |
| Net Common Stock Issuance | — | — | — | — | — | — | ($24.0m) | ($6.5m) | ($8.6m) | ($20.8m) | ($31.9m) | |
| Repurchase Of Capital Stock | — | — | — | — | — | — | ($24.0m) | ($6.5m) | ($8.6m) | ($20.8m) | ($31.9m) | |
| Cash Dividends Paid | — | — | — | — | — | — | ($52.6m) | ($53.9m) | ($55.5m) | ($57.1m) | ($57.6m) | |
| Net Other Financing Charges | — | — | — | — | — | — | $112.6m | $63.6m | $9.1m | $237.2m | $555.5m | |
| Net Cash Provided by (Used in) Financing Activities | $119.1m |
($37.0m)
-131.04%
|
($10.1m)
+72.65%
|
($169.9m)
-1580.64%
|
$143.8m
+184.62%
|
$208.5m
+45.02%
|
($47.8m)
-122.93%
|
($207.8m)
-334.73%
|
($307.9m)
-48.17%
|
($311.7m)
-1.23%
|
($294.0m)
+5.68%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $1.2m | ($9.0m) | $4.3m | $13.6m | ($3.2m) | $111.4m | ($90.9m) | ($13.1m) | $8.4m | ($10.6m) | $46.2m | |
| Beginning Cash Position | — | — | — | — | — | — | $133.7m | $42.8m | $29.7m | $38.1m | $40.9m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | $25.5m | $22.3m | $133.7m | $42.8m | $29.7m | $38.1m | $27.5m | $46.2m | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | — | — | $14.1m | $15.5m | $13.5m | $18.2m | $30.1m | $33.5m | $32.2m | — | |
| Income Taxes Paid, Net | $27.8m | $16.3m | $8.7m | — | — | — | $8.6m | $14.0m | $22.1m | $34.7m | — | |
| Additional Financial Items | ||||||||||||
| Derivative, Gain (Loss) on Derivative, Net | $4.0m | $14.9m | ($4.1m) | — | — | — | ($9.7m) | $7.4m | $1.0m | $2.1m | — | |
| Equity Securities, FV-NI, Gain (Loss) | — | — | ($18.3m) | $7.3m | ($167k) | ($2.3m) | ($33.2m) | $7.9m | $7.4m | ($2.1m) | — | |
| Goodwill | $47.4m | $47.4m | $47.4m | $49.1m | $43.5m | $43.5m | $54.3m | $54.3m | $54.3m | $54.3m | $0 | |
| Income Tax Expense (Benefit) | $30.5m | ($80.8m) | $1.2m | $52.0m | $26.3m | $32.1m | ($9.3m) | $8.3m | $25.8m | $39.1m | — | |
| Operating Costs and Expenses | — | — | — | — | — | — | — | — | $1.4b | — | — | |
| Operating Expenses | $173.1m | $187.8m | $205.4m | $234.6m | — | — | — | — | $294.9m | $334.4m | — | |
| Pension Cost (Reversal of Cost) | $8.5m | $9.1m | $8.9m | $9.3m | $10.0m | $9.2m | $10.7m | — | — | — | — | |
| Proceeds from Stock Options Exercised | $3.3m | $4.2m | $3.6m | $1.7m | $2.4m | $300k | $0 | $0 | $5.1m | $5.3m | — | |
| Realized Investment Gains (Losses) | $4.1m | ($3.4m) | ($12.5m) | $153.3m | ($2.3m) | ($11.0m) | ($56.5m) | ($24.0m) | ($17.3m) | ($13.0m) | — | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | ($47.8m) | ($207.8m) | ($307.9m) | ($311.7m) | ($294.0m) | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | ($214.6m) | ($107.4m) | ($135.8m) | ($252.1m) | ($266.8m) | |
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | ($90.9m) | ($13.1m) | $8.4m | ($10.6m) | — | |
| Change In Income Tax Payable | — | — | — | — | — | — | $110.5m | ($15.0m) | $28.2m | $2.1m | ($7.1m) | |
| Change In Other Working Capital | — | — | — | — | — | — | ($409.0m) | $40.2m | $150.6m | $222.2m | $245.7m | |
| Change In Payable | — | — | — | — | — | — | $110.5m | ($15.0m) | $28.2m | $2.1m | ($7.1m) | |
| Change In Tax Payable | — | — | — | — | — | — | $110.5m | ($15.0m) | $28.2m | $2.1m | ($7.1m) | |
| Changes In Cash | — | — | — | — | — | — | ($90.9m) | ($13.1m) | $8.4m | ($10.6m) | $5.3m | |
| End Cash Position | — | — | — | — | — | — | $42.8m | $29.7m | $38.1m | $27.5m | $46.2m | |
| Financing Cash Flow | — | — | — | — | — | — | ($47.8m) |
($207.8m)
-334.73%
|
($307.9m)
-48.17%
|
($311.7m)
-1.23%
|
($294.0m)
+5.68%
|
|
| Free Cash Flow | — | — | — | — | — | — | $171.5m | $302.1m | $452.1m | $553.2m | $566.1m | |
| Gain Loss On Investment Securities | — | — | — | — | — | — | $56.5m | $24.0m | $17.3m | $13.0m | $6.1m | |
| Investing Cash Flow | — | — | — | — | — | — | ($214.6m) | ($107.4m) | ($135.8m) | ($252.1m) | ($266.8m) | |
| Net Business Purchase And Sale | — | — | — | — | — | — | ($454.2m) | ($165.8m) | $44.7m | $30.0m | $43.7m | |
| Net Investment Purchase And Sale | — | — | — | — | — | — | $249.2m | $49.2m | ($187.7m) | ($272.3m) | ($290.7m) | |
| Operating Gains Losses | — | — | — | — | — | — | $74.7m | $9.5m | $52.8m | $8.0m | $5.4m | |
| Other Non Cash Items | — | — | — | — | — | — | — | — | ($1.4m) | ($3.8m) | — | |
| Proceeds From Stock Option Exercised | — | — | — | — | — | — | $0 | $0 | $5.1m | $5.3m | $7.6m | |
| Purchase Of Business | — | — | — | — | — | — | ($520.8m) | ($207.2m) | ($74.8m) | ($68.8m) | ($78.8m) | |
| Purchase Of Investment | — | — | — | — | — | — | ($1.1b) | ($639.0m) | ($1.2b) | ($1.5b) | ($1.6b) | |
| Sale Of Business | — | — | — | — | — | — | $66.6m | $41.4m | $119.5m | $98.8m | $122.5m | |
| Sale Of Investment | — | — | — | — | — | — | $1.3b | $688.2m | $978.3m | $1.2b | $1.3b | |
| Stock Based Compensation | — | — | — | — | — | — | $8.9m | $9.5m | $9.9m | $10.2m | $9.6m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.