Globe Life (GL) Financial Statements
Price: $117.17
Market Cap: $9.75B
Avg Volume: 682.50K
Market Cap: $9.75B
Avg Volume: 682.50K
Country: US
Industry: Insurance - Life
Sector: Financial Services
Industry: Insurance - Life
Sector: Financial Services
Overview of Financial Statements
Financial statements are records that provide an overview of a company's financial performance and position. There are three main types of financial statements:
- Income Statement: Shows the company's revenue, expenses, and profit over a specific period.
- Balance Sheet: Provides a snapshot of the company's assets, liabilities, and equity at a specific point in time.
- Cash Flow Statement: Details the cash inflows and outflows from operating, investing, and financing activities over a period.
This page presents both annual and quarterly data for these financial statements. The charts below provide a visual representation of the key metrics from each statement, helping you to quickly understand the financial health of Globe Life.
Income Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.78B | $5.45B | $5.21B | $5.11B | $4.74B | $4.53B | $4.30B | $4.16B | $3.93B | $3.77B |
| Cost of Revenue | $- | $347.83M | $353.95M | $322.03M | $301.04M | $304.82M | $279.58M | $257.25M | $232.06M | $223.86M |
| Gross Profit | $5.78B | $5.10B | $4.86B | $4.79B | $4.44B | $4.22B | $4.02B | $3.90B | $3.70B | $3.54B |
| Gross Profit Ratio | 100.00% | 93.61% | 93.21% | 93.70% | 93.65% | 93.27% | 93.50% | 93.81% | 94.10% | 94.06% |
| Research and Development Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $382.55M | $331.90M | $334.99M | $301.90M | $286.84M | $304.82M | $280.00M | $257.00M | $232.00M | $214.85M |
| Selling and Marketing Expenses | $- | $- | $9.40M | $10.00M | $9.80M | $9.50M | $29.29M | $9.30M | $9.30M | $9.70M |
| Selling General and Administrative Expenses | $382.55M | $331.90M | $334.99M | $301.90M | $286.84M | $304.82M | $280.00M | $257.00M | $232.00M | $214.85M |
| Other Expenses | $4.07B | $5.12B | $-4.20B | $-4.50B | $-4.13B | $-3.90B | $3.08B | $2.99B | $2.86B | $2.71B |
| Operating Expenses | $4.45B | $5.45B | $-3.86B | $-4.20B | $-3.84B | $-3.60B | $3.35B | $3.24B | $3.08B | $2.92B |
| Cost and Expenses | $4.45B | $5.45B | $4.31B | $4.20B | $3.84B | $3.60B | $3.44B | $3.33B | $3.16B | $3.00B |
| Interest Income | $- | $- | $90.39M | $83.49M | $86.70M | $84.31M | $- | $- | $- | $- |
| Interest Expense | $127.09M | $102.32M | $90.39M | $83.49M | $86.70M | $84.31M | $90.00M | $85.00M | $83.00M | $76.64M |
| Depreciation and Amortization | $- | $- | $21.00M | $20.00M | $17.00M | $16.00M | $13.00M | $10.50M | $9.80M | $337.34M |
| EBITDA | $- | $- | $- | $1.02B | $- | $- | $966.75M | $925.68M | $865.38M | $850.83M |
| EBITDA Ratio | 0.00% | 0.00% | 0.00% | 19.87% | 0.00% | 0.00% | 22.46% | 22.27% | 22.00% | 22.59% |
| Operating Income | $1.33B | $1.32B | $996.71M | $911.17M | $895.36M | $929.87M | $953.70M | $1.46B | $539.59M | $516.29M |
| Operating Income Ratio | 22.96% | 24.18% | 19.11% | 17.82% | 18.90% | 20.54% | 22.16% | 35.09% | 13.72% | 13.71% |
| Total Other Income Expenses Net | $- | $-122.72M | $-110.26M | $167.43M | $-101.23M | $-102.95M | $-3.39B | $-627.62M | $232.65M | $249.89M |
| Income Before Tax | $1.33B | $1.19B | $906.31M | $912.39M | $896.68M | $931.28M | $864.00M | $831.00M | $772.00M | $766.19M |
| Income Before Tax Ratio | 22.96% | 21.92% | 17.38% | 17.84% | 18.93% | 20.57% | 20.07% | 20.00% | 19.62% | 20.34% |
| Income Tax Expense | $255.88M | $223.51M | $166.61M | $167.43M | $164.91M | $170.40M | $162.00M | $-628.00M | $233.00M | $249.89M |
| Net Income | $1.07B | $970.75M | $894.39M | $744.96M | $731.77M | $760.79M | $701.00M | $1.45B | $550.00M | $527.10M |
| Net Income Ratio | 18.53% | 17.82% | 17.15% | 14.57% | 15.45% | 16.80% | 16.29% | 34.99% | 13.98% | 14.00% |
| EPS | $12.76 | $10.21 | $7.55 | $7.30 | $6.90 | $6.97 | $6.22 | $12.50 | $4.58 | $4.21 |
| EPS Diluted | $12.63 | $10.07 | $7.47 | $7.22 | $6.82 | $6.83 | $6.08 | $12.22 | $4.49 | $4.16 |
| Weighted Average Shares Outstanding | 83.95M | 95.08M | 97.93M | 102.07M | 106.08M | 109.15M | 112.70M | 116.32M | 120.09M | 125.09M |
| Weighted Average Shares Outstanding Diluted | 84.75M | 96.36M | 98.98M | 103.17M | 107.22M | 111.38M | 115.25M | 118.98M | 122.37M | 126.76M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Balance Sheet
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $165.32M | $103.16M | $92.56M | $92.16M | $94.85M | $75.93M | $121.03M | $118.56M | $76.16M | $61.38M |
| Short Term Investments | $85.03M | $191.56M | $16.62B | $21.37B | $21.32B | $18.95B | $16.36B | $17.10B | $15.32B | $13.81B |
| Cash and Short Term Investments | $250.36M | $103.16M | $16.71B | $21.47B | $21.42B | $19.02B | $16.48B | $17.21B | $15.39B | $13.87B |
| Net Receivables | $691.91M | $630.22M | $- | $487.44M | $474.18M | $441.66M | $415.16M | $391.77M | $384.45M | $344.55M |
| Inventory | $- | $- | $-18.10B | $-999.82M | $-998.20M | $-887.85M | $- | $- | $- | $- |
| Other Current Assets | $- | $- | $- | $- | $- | $- | $342.17M | $246.31M | $177.37M | $186.35M |
| Total Current Assets | $942.27M | $733.38M | $206.68M | $21.95B | $21.89B | $19.46B | $17.24B | $17.85B | $15.96B | $14.41B |
| Property Plant Equipment Net | $- | $240.00M | $212.00M | $205.00M | $186.00M | $161.00M | $135.00M | $108.00M | $97.00M | $83.00M |
| Goodwill | $490.45M | $481.79M | $481.79M | $481.79M | $441.59M | $441.59M | $441.59M | $441.59M | $441.59M | $441.59M |
| Intangible Assets | $- | $- | $481.79M | $481.79M | $441.59M | $441.59M | $4.14B | $3.96B | $3.78B | $441.59M |
| Goodwill and Intangible Assets | $490.45M | $481.79M | $481.79M | $481.79M | $441.59M | $441.59M | $441.59M | $441.59M | $441.59M | $441.59M |
| Long Term Investments | $19.49B | $1.10B | $16.62B | $21.37B | $21.32B | $18.95B | $16.36B | $17.10B | $15.32B | $13.81B |
| Tax Assets | $- | $1.09B | $686.17M | $1.77B | $1.83B | $1.48B | $1.05B | $1.31B | $1.74B | $1.45B |
| Other Non-Current Assets | $-18.76B | $23.94B | $-17.52B | $-1.77B | $-1.83B | $-1.48B | $-12.13B | $-13.34B | $-12.12B | $-10.34B |
| Total Non-Current Assets | $1.22B | $26.86B | $481.79M | $22.06B | $21.95B | $19.55B | $5.86B | $5.62B | $5.48B | $5.45B |
| Other Assets | $26.91B | $461.95M | $24.85B | $-14.25B | $-14.79B | $-13.03B | $- | $- | $- | $- |
| Total Assets | $29.08B | $28.05B | $25.54B | $29.77B | $29.05B | $25.98B | $23.10B | $23.47B | $21.44B | $19.85B |
| Account Payables | $532.83M | $514.88M | $509.36M | $412.94M | $399.51M | $- | $- | $- | $- | $- |
| Short Term Debt | $415.40M | $486.11M | $449.10M | $479.64M | $254.92M | $298.74M | $307.85M | $328.07M | $264.48M | $490.13M |
| Tax Payables | $731.25M | $494.64M | $686.17M | $1.77B | $1.83B | $1.48B | $1.05B | $1.31B | $1.74B | $1.45B |
| Deferred Revenue | $- | $- | $686.17M | $66.70M | $-144.59M | $- | $- | $- | $- | $- |
| Other Current Liabilities | $-1.26B | $- | $-1.64B | $-2.66B | $-2.49B | $-1.78B | $-1.36B | $-1.64B | $-2.01B | $-1.94B |
| Total Current Liabilities | $415.40M | $1.50B | $1.14B | $479.64M | $254.92M | $298.74M | $16.32B | $16.11B | $15.74B | $15.05B |
| Long Term Debt | $- | $1.63B | $1.63B | $1.55B | $1.67B | $1.35B | $1.36B | $1.13B | $1.13B | $743.73M |
| Deferred Revenue Non-Current | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Tax Liabilities Non-Current | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Non-Current Liabilities | $19.30B | $20.44B | $19.02B | $16.92B | $16.12B | $17.33B | $16.32B | $14.14B | $15.74B | $12.84B |
| Total Non-Current Liabilities | $19.30B | $22.07B | $16.20B | $1.55B | $1.67B | $1.35B | $1.36B | $1.13B | $1.13B | $743.73M |
| Other Liabilities | $4.05B | $- | $3.31B | $19.10B | $18.35B | $17.04B | $- | $- | $- | $- |
| Total Liabilities | $23.77B | $23.56B | $20.64B | $21.13B | $20.28B | $18.68B | $17.68B | $17.24B | $16.87B | $15.80B |
| Preferred Stock | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock | $97.22M | $102.22M | $105.22M | $109.22M | $113.22M | $117.22M | $121.22M | $124.22M | $127.22M | $130.22M |
| Retained Earnings | $8.00B | $7.48B | $6.47B | $6.18B | $5.87B | $5.55B | $5.21B | $4.81B | $3.89B | $3.61B |
| Accumulated Other Comprehensive Income Loss | $-2.03B | $-2.77B | $-1.42B | $2.68B | $3.03B | $1.84B | $319.48M | $1.42B | $577.57M | $231.95M |
| Other Total Stockholders Equity | $-764.50M | $-321.81M | $-259.86M | $-326.10M | $-245.48M | $-219.07M | $-238.98M | $-123.28M | $-28.73M | $79.02M |
| Total Stockholders Equity | $5.31B | $4.49B | $4.90B | $8.64B | $8.77B | $7.29B | $5.42B | $6.23B | $4.57B | $4.06B |
| Total Equity | $5.31B | $4.49B | $4.90B | $8.64B | $8.77B | $7.29B | $5.42B | $6.23B | $4.57B | $4.06B |
| Total Liabilities and Stockholders Equity | $29.08B | $28.05B | $25.54B | $29.77B | $29.05B | $25.98B | $23.10B | $23.47B | $21.44B | $19.85B |
| Minority Interest | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $29.08B | $28.05B | $25.54B | $29.77B | $29.05B | $25.98B | $23.10B | $23.47B | $21.44B | $19.85B |
| Total Investments | $19.57B | $1.29B | $18.21B | $22.76B | $22.45B | $19.85B | $17.12B | $17.73B | $15.88B | $14.34B |
| Total Debt | $415.40M | $2.12B | $2.08B | $2.03B | $1.92B | $1.65B | $1.67B | $1.46B | $1.40B | $1.23B |
| Net Debt | $250.08M | $2.01B | $1.98B | $1.93B | $1.83B | $1.57B | $1.54B | $1.34B | $1.32B | $1.17B |
Cash Flow Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $1.07B | $970.75M | $739.70M | $744.96M | $731.77M | $760.79M | $701.47M | $1.45B | $549.78M | $527.10M |
| Depreciation and Amortization | $410.00M | $- | $624.41M | $603.84M | $575.77M | $551.73M | $516.69M | $490.40M | $469.06M | $445.62M |
| Deferred Income Tax | $- | $- | $-35.65M | $-30.27M | $-35.89M | $-44.84M | $- | $- | $- | $- |
| Stock Based Compensation | $- | $- | $35.65M | $30.27M | $35.89M | $44.84M | $39.79M | $37.03M | $26.33M | $28.66M |
| Change in Working Capital | $- | $815.01M | $915.53M | $944.83M | $920.90M | $746.05M | $751.50M | $18.53M | $822.72M | $749.37M |
| Accounts Receivables | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Inventory | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Accounts Payables | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Working Capital | $828.62M | $815.01M | $795.06M | $677.43M | $832.75M | $677.47M | $751.50M | $18.53M | $822.72M | $749.37M |
| Other Non Cash Items | $-78.32M | $-303.35M | $-857.45M | $-855.95M | $-752.01M | $-694.70M | $-692.01M | $-534.37M | $-442.86M | $-602.04M |
| Net Cash Provided by Operating Activities | $1.40B | $1.48B | $1.42B | $1.44B | $1.48B | $1.36B | $1.28B | $1.43B | $1.40B | $1.12B |
| Investments in Property Plant and Equipment | $-71.05M | $-49.55M | $-27.93M | $-38.24M | $-41.76M | $-42.20M | $-45.09M | $-20.29M | $-25.16M | $-36.96M |
| Acquisitions Net | $- | $- | $- | $-5.25M | $-8.89M | $-25.43M | $-20.54M | $-21.55M | $90.00K | $- |
| Purchases of Investments | $- | $- | $-1.83B | $-1.32B | $-1.64B | $-1.67B | $-1.27B | $-1.44B | $-1.60B | $-1.18B |
| Sales Maturities of Investments | $- | $- | $935.54M | $502.63M | $511.99M | $924.46M | $439.99M | $559.62M | $578.00M | $606.69M |
| Other Investing Activities | $-570.47M | $-876.60M | $-25.23M | $-56.70M | $-7.05M | $32.00K | $1.99M | $18.00K | $-15.42M | $-20.35M |
| Net Cash Used for Investing Activities | $-641.52M | $-926.15M | $-943.01M | $-913.37M | $-1.18B | $-809.31M | $-896.22M | $-926.82M | $-1.06B | $-633.35M |
| Debt Repayment | $628.84M | $37.35M | $54.20M | $99.97M | $278.68M | $-18.48M | $199.52M | $59.22M | $172.22M | $1.98M |
| Common Stock Issued | $51.79M | $114.08M | $106.59M | $69.83M | $48.09M | $83.16M | $36.09M | $61.22M | $61.33M | $35.96M |
| Common Stock Repurchased | $-1.00B | $-511.10M | $-454.64M | $-541.43M | $-443.87M | $-459.57M | $-421.75M | $-412.99M | $-404.78M | $-418.53M |
| Dividends Paid | $-85.48M | $-84.12M | $-80.55M | $-80.04M | $-78.19M | $-74.19M | $-71.42M | $-68.83M | $-66.93M | $-66.90M |
| Other Financing Activities | $-308.86M | $-97.70M | $-118.06M | $-71.92M | $-78.77M | $-121.43M | $-133.96M | $-92.59M | $-81.63M | $-78.22M |
| Net Cash Used Provided by Financing Activities | $-715.84M | $-541.49M | $-492.45M | $-523.60M | $-274.06M | $-590.51M | $-391.52M | $-453.98M | $-319.79M | $-525.71M |
| Effect of Forex Changes on Cash | $17.08M | $-4.19M | $13.67M | $-3.39M | $-1.73M | $-9.15M | $12.56M | $-5.85M | $-1.70M | $34.37M |
| Net Change in Cash | $62.17M | $10.60M | $396.00K | $-2.68M | $18.91M | $-45.09M | $2.46M | $42.40M | $14.78M | $-4.64M |
| Cash at End of Period | $165.32M | $103.16M | $92.56M | $92.16M | $94.85M | $75.93M | $121.03M | $118.56M | $76.16M | $61.38M |
| Cash at Beginning of Period | $103.16M | $92.56M | $92.16M | $94.85M | $75.93M | $121.03M | $118.56M | $76.16M | $61.38M | $66.02M |
| Operating Cash Flow | $1.40B | $1.48B | $1.42B | $1.44B | $1.48B | $1.36B | $1.28B | $1.43B | $1.40B | $1.12B |
| Capital Expenditure | $-71.05M | $-49.55M | $-27.93M | $-38.24M | $-41.76M | $-42.20M | $-45.09M | $-20.29M | $-25.16M | $-36.96M |
| Free Cash Flow | $1.33B | $1.43B | $1.39B | $1.40B | $1.43B | $1.32B | $1.23B | $1.41B | $1.37B | $1.08B |