Income Statement Humana Inc.

Equities

HUM

US4448591028

Managed Healthcare

Market Closed - Nyse Other stock markets 01:30:02 14/09/2024 am IST			5-day change	1st Jan Change
321.56 ^USD	-0.91%		-10.14%	-29.76%

05/09	RBC Raises Price Target on Humana to $400 From $385, Maintains Outperform Rating	MT
05/09	Analyst recommendations: Booking Holdings, Humana, Dollar Tree, Lloyds Banking Group...

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Published financial data: HUMANA INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Premiums and Annuity Revenues	62.95B	74.19B	79.82B	87.71B	101B
Total Interest And Dividend Income	439M	316M	317M	587M	1.12B
Gain (Loss) on Sale of Investments, Total (Rev)	62M	838M	999M	-205M	-54M
Other Revenues, Total	1.44B	1.82B	3.06B	4.78B	4.03B
Total Revenues	64.89B	77.16B	84.19B	92.87B	106B
Policy Benefits	53.86B	61.63B	69.2B	75.69B	88.39B
Depreciation & Amortization - (IS) - (Collected)	458M	489M	596M	709M	779M
Selling General & Admin Expenses, Total	7.33B	10.05B	10.12B	12.2B	12.63B
Total Operating Expenses	61.65B	72.17B	79.92B	88.6B	102B
Operating Income	3.24B	4.99B	4.28B	4.27B	4.57B
Interest Expense, Total	-242M	-283M	-326M	-401M	-493M
Income (Loss) on Equity Invest.	14M	74M	65M	-4M	-63M
Other Non Operating Income (Expenses)	506M	-103M	-597M	-68M	-137M
EBT, Excl. Unusual Items	3.52B	4.67B	3.42B	3.8B	3.88B
Restructuring Charges	-47M	-	-	-473M	-506M
Total Merger & Related Restructuring Charges	-	-	-	-	-
Gain (Loss) on Sale of Assets	-	-	-	237M	-
Asset Writedown	-	-	-	-	-55M
EBT, Incl. Unusual Items	3.47B	4.67B	3.42B	3.56B	3.32B
Income Tax Expense	763M	1.31B	485M	762M	836M
Earnings From Continuing Operations	2.71B	3.37B	2.93B	2.8B	2.48B
Net Income to Company	2.71B	3.37B	2.93B	2.8B	2.48B
Minority Interest	-	-	-1M	4M	5M
Net Income - (IS)	2.71B	3.37B	2.93B	2.81B	2.49B
Net Income to Common Incl Extra Items	2.71B	3.37B	2.93B	2.81B	2.49B
Net Income to Common Excl. Extra Items	2.71B	3.37B	2.93B	2.81B	2.49B
Per Share Items
Net EPS - Basic	20.19	25.47	22.79	22.2	20.09
Basic EPS - Continuing Operations	20.19	25.47	22.79	22.2	20.09
Basic Weighted Average Shares Outstanding	134M	132M	129M	126M	124M
Net EPS - Diluted	20.1	25.31	22.67	22.08	20
Diluted EPS - Continuing Operations	20.1	25.31	22.67	22.08	20
Diluted Weighted Average Shares Outstanding	135M	133M	129M	127M	124M
Normalized Basic EPS	16.4	22.1	16.6	18.82	19.62
Normalized Diluted EPS	16.32	21.96	16.51	18.72	19.53
Dividend Per Share	2.2	2.5	2.8	3.15	3.54
Payout Ratio	10.75	9.59	12.07	13.97	21.33
American Depositary Receipts Ratio (ADR)	0.02	0.02	0.02	0.02	0.02
Supplemental Items
EBITDA	3.47B	5.25B	4.55B	4.59B	4.9B
EBITA	3.31B	5.07B	4.35B	4.37B	4.64B
EBIT	3.24B	4.99B	4.28B	4.27B	4.57B
EBITDAR	3.66B	5.45B	4.76B	4.82B	5.1B
Total Revenues (As Reported)	64.89B	77.16B	83.06B	92.87B	106B
Effective Tax Rate - (Ratio)	21.99	27.96	14.19	21.38	25.18
Current Domestic Taxes	601M	1.11B	470M	862M	1B
Total Current Taxes	601M	1.11B	470M	862M	1B
Deferred Domestic Taxes	-	-	-	-	-
Total Deferred Taxes	162M	195M	15M	-100M	-164M
Normalized Net Income	2.2B	2.92B	2.14B	2.38B	2.43B
Interest on Long-Term Debt	-	-	-	-	-
Supplemental Operating Expense Items
Net Rental Expense, Total	191M	197M	210M	232M	199M
Imputed Operating Lease Interest Expense	58.79M	64.62M	52.12M	58.18M	63.72M
Imputed Operating Lease Depreciation	132M	132M	158M	174M	135M
Stock-Based Comp., Other (Total)	163M	181M	180M	216M	175M
Total Stock-Based Compensation	163M	181M	180M	216M	175M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Investment In Debt Securities	-	-	-	-	-
Investment In Equity and Preferred Securities, Total	1.06B	1.17B	141M	749M	740M
Total Other Investments	11.38B	13.77B	13.97B	14.26B	17.01B
Total investments	12.44B	14.94B	14.11B	15.01B	17.75B
Cash And Equivalents	4.05B	4.67B	3.39B	5.06B	4.69B
Reinsurance Recoverable - (IS)	585M	1.42B	1.89B	696M	514M
Other Receivables - (Insurance Template)	2.36B	2.54B	3.81B	3.67B	4.34B
Deferred Policy Acquisition Costs - (BS)	-	-	-	-	-
Gross Property Plant And Equipment	5.02B	5.93B	6.62B	6.87B	6.39B
Accumulated Depreciation	-2.66B	-3.12B	-2.87B	-3.14B	-2.85B
Net Property Plant And Equipment	2.36B	2.81B	3.75B	3.74B	3.54B
Goodwill	3.93B	4.45B	11.09B	9.14B	9.55B
Other Intangibles, Total	177M	329M	2.64B	1.76B	1.69B
Deferred Tax Assets Current	-	-	-	-	-
Other Current Assets, Total	1.92B	2.46B	2.6B	2.87B	3.82B
Deferred Tax Assets Long-Term (Collected)	-	-	-	-	-
Other Long-Term Assets, Total	1.25B	1.36B	1.06B	1.1B	1.17B
Total Assets	29.07B	34.97B	44.36B	43.06B	47.06B
Liabilities
Accounts Payable, Total	3.14B	3.59B	3.79B	3.68B	4.36B
Insurance And Annuity Liabilities	769M	382M	728M	1.48B	2.13B
Unpaid Claims	6B	8.14B	8.29B	9.26B	10.24B
Unearned Premiums	247M	318M	254M	286M	266M
Current Portion of Long-Term Debt	399M	-	998M	1.5B	572M
Current Portion of Leases	116M	129M	185M	152M	149M
Short-Term Borrowings	525M	920M	1.28B	893M	1.22B
Long-Term Debt	4.97B	6.06B	10.54B	9.03B	10.21B
Long-Term Leases	332M	355M	546M	456M	444M
Deferred Tax Liability Non-Current	341M	659M	698M	27M	48M
Other Non Current Liabilities	201M	683M	945M	912M	1.09B
Total Liabilities	17.04B	21.24B	28.26B	27.68B	30.75B
Common Stock, Total	33M	33M	33M	33M	33M
Additional Paid In Capital	2.82B	2.7B	3.08B	3.25B	3.35B
Retained Earnings	17.48B	20.52B	23.09B	25.49B	27.54B
Treasury Stock	-8.46B	-9.92B	-10.16B	-12.16B	-13.66B
Comprehensive Income and Other	156M	391M	42M	-1.3B	-999M
Total Common Equity	12.04B	13.73B	16.08B	15.31B	16.26B
Minority Interest	-	-	23M	59M	56M
Total Equity	12.04B	13.73B	16.1B	15.37B	16.32B
Total Liabilities And Equity	29.07B	34.97B	44.36B	43.06B	47.06B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	132M	129M	127M	125M	121M
ECS Total Common Shares Outstanding	132M	129M	129M	125M	122M
Book Value / Share	91.12	106.53	124.84	122.51	133.05
Tangible Book Value	7.93B	8.95B	2.35B	4.4B	5.02B
Tangible Book Value Per Share	60.04	69.47	18.24	35.24	41.06
Total Debt	6.34B	7.46B	13.55B	12.03B	12.6B
Net Debt	2.28B	2.79B	10.16B	6.97B	7.91B
Debt Equivalent Oper. Leases	1.53B	1.58B	1.68B	1.86B	1.59B
Minority Interest, Total (Incl. Fin. Div)	-	-	23M	59M	56M
Equity Method Investments, Total	1.06B	1.17B	141M	749M	740M
Account Code - Inventory Valuation	3	3	3	3	3
Land - (BS)	20M	19M	17M	17M	16M
Buildings, Total	874M	952M	1.13B	1.14B	1B
Machinery, Total	922M	1.01B	1.15B	1.25B	1.32B
Full Time Employees	46K	48.7K	95.5K	67.1K	67.6K

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	2.71B	3.37B	2.93B	2.81B	2.49B
Depreciation, Depletion & Amortization	162M	177M	197M	224M	261M
Amortization of Goodwill and Intangible Assets - (CF)	70M	88M	73M	96M	67M
Total Depreciation, Depletion & Amortization	232M	265M	270M	320M	328M
Amortization of Deferred Charges, Total	343M	351M	443M	525M	589M
(Gain) Loss On Sale of Asset - (CF)	-	-	-	-237M	-
(Gain) Loss on Sale of Investments - (CF)	-62M	-838M	130M	205M	54M
Total Asset Writedown	-	-	-	248M	206M
(Income) Loss On Equity Investments - (CF)	-14M	-74M	-1.19B	4M	63M
Stock-Based Compensation (CF)	163M	181M	180M	216M	230M
Provision and Write-off of Bad Debts	-	-	-	-	-
Change in Accounts Receivable	-32M	-85M	-280M	-54M	-337M
Change in Unearned Revenues	-36M	71M	-65M	32M	-20M
Change in insurance Reserves / Liabilities	1.14B	2.14B	104M	975M	915M
Change in Other Net Operating Assets (Collected)	589M	18M	-315M	-419M	-477M
Other Operating Activities	252M	244M	56M	-34M	-59M
Cash from Operations	5.28B	5.64B	2.26B	4.59B	3.98B
Capital Expenditure	-736M	-964M	-1.32B	-1.12B	-1B
Sale of Property, Plant, and Equipment	-	-	-	-	210M
Cash Acquisitions	-	-709M	-4.19B	-337M	-233M
Divestitures	-	-	-	2.7B	-
Investment in Marketable and Equity Securities, Total	-542M	-1.39B	-1.05B	-2.25B	-2.46B
Cash from Investing	-1.28B	-3.06B	-6.56B	-1.01B	-3.49B
Short Term Debt Issued, Total	54M	390M	358M	-	366M
Long-Term Debt Issued, Total	987M	2.09B	5.48B	1.98B	2.54B
Total Debt Issued	1.04B	2.48B	5.84B	1.98B	2.91B
Short Term Debt Repaid, Total	-1.01B	-	-	-404M	-
Long-Term Debt Repaid, Total	-400M	-1.4B	-2.08B	-3B	-2.33B
Total Debt Repaid	-1.41B	-1.4B	-2.08B	-3.4B	-2.33B
Issuance of Common Stock	58M	49M	21M	-	-
Repurchase of Common Stock	-1.07B	-1.82B	-79M	-2.1B	-1.57B
Common Dividends Paid	-291M	-323M	-354M	-392M	-531M
Common & Preferred Stock Dividends Paid	-291M	-323M	-354M	-392M	-531M
Annuity Receipts	-	-	-	-	-
Annuity Payments	-623M	-939M	-306M	1.99B	828M
Other Financing Activities, Total	-	-	-31M	3M	-158M
Cash from Financing	-2.3B	-1.96B	3.02B	-1.91B	-856M
Net Change in Cash	1.71B	619M	-1.28B	1.67B	-367M
Supplemental Items
Cash Interest Paid	212M	258M	285M	354M	394M
Cash Income Tax Paid (Refund)	518M	1.13B	227M	758M	997M
Net Debt Issued / Repaid	-369M	1.08B	3.76B	-1.42B	578M
Levered Free Cash Flow	2.32B	2.09B	37.38M	4.51B	760M
Unlevered Free Cash Flow	2.47B	2.27B	241M	4.76B	1.07B
Change In Net Working Capital	-448M	678M	2.01B	-2.15B	1.88B

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	7.43	9.73	6.74	6.11	6.34
Return on Total Capital	11.64	15.75	10.51	9.36	10.15
Return On Equity %	24.39	26.14	19.67	17.81	15.68
Return on Common Equity	24.39	26.14	19.68	17.88	15.77
Margin Analysis
Gross Profit Margin %	17	20.12	17.81	18.5	16.9
SG&A Margin	11.3	13.03	12.02	13.13	11.87
EBITDA Margin %	5.35	6.81	5.4	4.95	4.61
EBITA Margin %	5.1	6.58	5.17	4.7	4.36
EBIT Margin %	4.99	6.46	5.08	4.6	4.3
Income From Continuing Operations Margin %	4.17	4.36	3.48	3.02	2.34
Net Income Margin %	4.17	4.36	3.48	3.02	2.34
Net Avail. For Common Margin %	4.17	4.36	3.48	3.02	2.34
Normalized Net Income Margin	3.39	3.79	2.54	2.56	2.28
Levered Free Cash Flow Margin	3.58	2.71	0.04	4.85	0.71
Unlevered Free Cash Flow Margin	3.81	2.94	0.29	5.12	1
Asset Turnover
Asset Turnover	2.38	2.41	2.12	2.12	2.36
Fixed Assets Turnover	31.65	29.83	25.67	24.81	29.24
Receivables Turnover (Average Receivables)	61.21	67.91	54.29	50.63	55.21
Short Term Liquidity
Current Ratio	1.82	1.77	1.62	1.52	1.59
Quick Ratio	1.59	1.48	1.33	1.32	1.36
Operating Cash Flow to Current Liabilities	0.48	0.42	0.15	0.27	0.21
Days Sales Outstanding (Average Receivables)	5.96	5.39	6.72	7.21	6.61
Average Days Payable Outstanding	59.54	64.34	64.98	65.01	64.03
Long Term Solvency
Total Debt/Equity	52.66	54.37	84.15	78.28	77.23
Total Debt / Total Capital	34.5	35.22	45.7	43.91	43.58
LT Debt/Equity	44.02	46.73	68.85	61.74	65.31
Long-Term Debt / Total Capital	28.84	30.27	37.39	34.63	36.85
Total Liabilities / Total Assets	58.6	60.74	63.7	64.3	65.33
EBIT / Interest Expense