Globe Financial Statements From 2010 to 2024

GL Stock  USD 75.76  9.37  14.11%   
Globe Life financial statements provide useful quarterly and yearly information to potential Globe Life investors about the company's current and past financial position, as well as its overall management performance and changes in financial position over time. Historical trend examination of various income statement and balance sheet accounts found on Globe Life financial statements helps investors assess Globe Life's valuation, profitability, and current liquidity needs. Key fundamental drivers impacting Globe Life's valuation are summarized below:
Gross Profit
1.4 B
Profit Margin
0.1782
Market Capitalization
6.2 B
Enterprise Value Revenue
1.3895
Revenue
5.4 B
There are over one hundred nineteen available fundamental trends for Globe Life, which can be analyzed over time and compared to other ratios. We recommend to confirm Globe Life's regular fundamental drivers against the all of the trends between 2010 and 2024. Market Cap is expected to rise to about 12.3 B this year. Enterprise Value is expected to rise to about 14.4 B this year

Globe Life Total Revenue

3.34 Billion

Check Globe Life financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Globe main balance sheet or income statement drivers, such as Interest Expense of 71.3 M, Total Revenue of 3.3 B or Gross Profit of 3.2 B, as well as many exotic indicators such as Price To Sales Ratio of 2.26, Dividend Yield of 0.0138 or PTB Ratio of 2.65. Globe financial statements analysis is a perfect complement when working with Globe Life Valuation or Volatility modules.
  
This module can also supplement Globe Life's financial leverage analysis and stock options assessment as well as various Globe Life Technical models . Check out the analysis of Globe Life Correlation against competitors.
For more information on how to buy Globe Stock please use our How to buy in Globe Stock guide.

Globe Life Balance Sheet

Current ValueLast YearHistorical Average 10 Year Trend
Total Assets16 B28.1 B21.4 B
Slightly volatile
Short and Long Term Debt Total1.1 B2.1 B1.4 B
Slightly volatile
Total Stockholder Equity3.5 B4.5 B5.1 B
Slightly volatile
Net Debt1.1 BB1.4 B
Slightly volatile
Retained Earnings7.9 B7.5 B4.8 B
Slightly volatile
Common Stock Shares Outstanding91.5 M96.4 M143.6 M
Slightly volatile
Liabilities And Stockholders Equity16 B28.1 B21.4 B
Slightly volatile
Non Current Liabilities Total23.2 B22.1 BB
Slightly volatile
Total Liabilities12.1 B23.6 B16.1 B
Slightly volatile
Total Current Liabilities1.4 B1.5 B8.1 B
Slightly volatile
Non Current Assets Total28.2 B26.9 B10.7 B
Slightly volatile
Short Term Debt301.9 M486.1 M319.9 M
Slightly volatile
Intangible Assets526.4 M554.1 M2.2 B
Slightly volatile
Common Stock121 M102.2 M113.2 M
Pretty Stable
Cash70.9 M103.2 M77.2 M
Slightly volatile
Cash And Short Term Investments175.7 M184.9 M12.2 B
Pretty Stable
Net Receivables661.7 M630.2 M430.1 M
Slightly volatile
Good Will350.8 M433.6 M446 M
Slightly volatile
Common Stock Total Equity122.7 M121 M114.6 M
Slightly volatile
Short Term Investments182 M191.6 M12.2 B
Pretty Stable
Property Plant And Equipment Gross224.6 M213.9 M125.4 M
Slightly volatile
Total Current Assets1.1 B1.2 B12.9 B
Pretty Stable
Net Tangible Assets5.9 B5.1 B5.1 B
Slightly volatile
Long Term Debt1.4 B1.6 B1.2 B
Slightly volatile
Retained Earnings Total Equity5.3 B7.4 B4.8 B
Slightly volatile
Long Term Debt Total1.4 B1.9 B1.2 B
Slightly volatile
Capital Surpluse551.8 M609.1 M502.6 M
Slightly volatile
Long Term Investments19.6 B18 B17.3 B
Slightly volatile
Non Current Liabilities Other16.5 B20.6 B15.1 B
Slightly volatile
Other Liabilities16.8 B20 B14.9 B
Slightly volatile
Short and Long Term Debt381.2 M486.1 M316.6 M
Slightly volatile
Property Plant Equipment490.2 M466.9 M231.9 M
Slightly volatile
Net Invested Capital6.7 B6.6 B7.9 B
Very volatile
Capital Stock89.1 M102.2 M115.1 M
Slightly volatile
Current Deferred Revenue548.9 M617.6 M672.4 M
Slightly volatile

Globe Life Income Statement

Current ValueLast YearHistorical Average 10 Year Trend
Interest Expense71.3 M102.3 M78.9 M
Slightly volatile
Total Revenue3.3 B5.4 BB
Slightly volatile
Gross Profit3.2 B5.1 B3.8 B
Slightly volatile
Other Operating Expenses2.4 B4.1 B3.1 B
Slightly volatile
Operating IncomeB4.7 B1.3 B
Slightly volatile
EBITDA19.9 M21 M732.2 M
Pretty Stable
Net Income501.9 M970.8 M664.4 M
Slightly volatile
Income Before Tax824.6 M1.2 B851.7 M
Slightly volatile
Cost Of Revenue251.7 M347.8 M256.9 M
Slightly volatile
Selling And Marketing ExpensesM8.5 M35.4 M
Slightly volatile
Selling General Administrative288.6 M331.9 M254 M
Slightly volatile
Net Income From Continuing Ops822.2 M970.8 M707.9 M
Slightly volatile
Net Income Applicable To Common Shares799.5 M850.7 M700.2 M
Slightly volatile
Interest Income93.4 M104 M84 M
Slightly volatile

Globe Life Cash Flow Statement

Current ValueLast YearHistorical Average 10 Year Trend
Free Cash Flow902.4 M1.4 B1.1 B
Slightly volatile
Change In Working Capital855.8 M815 M649.5 M
Slightly volatile
Begin Period Cash Flow60.9 M92.6 M94.5 M
Pretty Stable
Depreciation19.9 M21 M397.7 M
Very volatile
Dividends Paid52.3 M84.1 M68.5 M
Slightly volatile
Capital Expenditures52 M49.6 M29.3 M
Slightly volatile
Total Cash From Operating Activities926.5 M1.5 B1.2 B
Slightly volatile
Net Income535.5 M970.8 M669.8 M
Slightly volatile
Change To Liabilities773 M994.5 M694.6 M
Slightly volatile
Change To Operating Activities820.3 M994.5 M734 M
Slightly volatile
Issuance Of Capital Stock83.9 M114.1 M55.4 M
Slightly volatile

Financial Ratios

Current ValueLast YearHistorical Average 10 Year Trend
Price To Sales Ratio2.262.15321.9749
Slightly volatile
Dividend Yield0.01380.00720.0097
Slightly volatile
PTB Ratio2.652.61421.723
Slightly volatile
Days Sales Outstanding44.3442.226737.1433
Pretty Stable
Book Value Per Share48.8946.561144.5673
Slightly volatile
Free Cash Flow Yield0.110.12220.1408
Slightly volatile
Invested Capital0.420.47150.2961
Slightly volatile
Operating Cash Flow Per Share16.1515.383610.5062
Slightly volatile
PB Ratio2.652.61421.723
Slightly volatile
EV To Sales2.612.52262.3009
Slightly volatile
Free Cash Flow Per Share15.6114.869410.2463
Slightly volatile
ROIC0.610.58110.1745
Slightly volatile
Net Income Per Share10.5810.07396.1039
Slightly volatile
Sales General And Administrative To Revenue0.04750.05780.0576
Slightly volatile
Cash Per Share2.913.0583106
Pretty Stable
POCF Ratio10.667.91237.2189
Slightly volatile
Interest Coverage48.4446.131615.0224
Slightly volatile
Payout Ratio0.08230.08670.118
Slightly volatile
PFCF Ratio11.58.18597.4378
Slightly volatile
Income Quality1.421.52711.8185
Pretty Stable
ROE0.180.21640.1403
Pretty Stable
EV To Operating Cash Flow12.229.26998.4484
Slightly volatile
PE Ratio16.0512.082812.6865
Slightly volatile
Return On Tangible Assets0.03710.03520.0327
Very volatile
EV To Free Cash Flow13.129.59058.6994
Slightly volatile
Earnings Yield0.09090.08280.0852
Slightly volatile
Intangibles To Total Assets0.02920.01720.0201
Very volatile
Net Debt To EBITDA10195.834114.4213
Slightly volatile
Current Ratio0.760.799213.8666
Slightly volatile
Tangible Book Value Per Share43.6441.561440.1047
Slightly volatile
Receivables Turnover8.218.643810.0283
Pretty Stable
Graham Number10810377.0258
Slightly volatile
Shareholders Equity Per Share48.8946.561144.5673
Slightly volatile
Debt To Equity0.420.47150.2961
Slightly volatile
Revenue Per Share59.3656.530936.3377
Slightly volatile
Interest Debt Per Share24.1723.016814.0853
Slightly volatile
Debt To Assets0.08320.07540.0667
Slightly volatile
Enterprise Value Over EBITDA68765498.7805
Slightly volatile
Short Term Coverage Ratios2.93.04953.8179
Very volatile
Price Earnings Ratio16.0512.082812.6865
Slightly volatile
Price Book Value Ratio2.652.61421.723
Slightly volatile
Dividend Payout Ratio0.08230.08670.118
Slightly volatile
Price To Operating Cash Flows Ratio10.667.91237.2189
Slightly volatile
Price To Free Cash Flows Ratio11.58.18597.4378
Slightly volatile
Pretax Profit Margin0.280.21920.2254
Slightly volatile
Ebt Per Ebit0.240.2531.0859
Slightly volatile
Operating Profit Margin0.910.86640.2816
Slightly volatile
Company Equity Multiplier5.386.2524.4094
Slightly volatile
Long Term Debt To Capitalization0.240.26640.1867
Slightly volatile
Total Debt To Capitalization0.30.32040.2257
Slightly volatile
Return On Capital Employed0.140.17770.1019
Very volatile
Debt Equity Ratio0.420.47150.2961
Slightly volatile
Ebit Per Revenue0.910.86640.2816
Slightly volatile
Quick Ratio0.590.618414.6923
Slightly volatile
Dividend Paid And Capex Coverage Ratio45.0442.890531.276
Slightly volatile
Net Income Per E B T0.520.81280.7724
Pretty Stable
Cash Ratio0.07240.0690.0723
Slightly volatile
Operating Cash Flow Sales Ratio0.20.27210.2819
Very volatile
Days Of Sales Outstanding44.3442.226737.1433
Pretty Stable
Free Cash Flow Operating Cash Flow Ratio0.780.96660.9633
Slightly volatile
Cash Flow Coverage Ratios0.590.70070.7876
Slightly volatile
Price To Book Ratio2.652.61421.723
Slightly volatile
Price Cash Flow Ratio10.667.91237.2189
Slightly volatile
Enterprise Value Multiple68765498.7805
Slightly volatile
Debt Ratio0.08320.07540.0667
Slightly volatile
Cash Flow To Debt Ratio0.590.70070.7876
Slightly volatile
Price Sales Ratio2.262.15321.9749
Slightly volatile
Return On Assets0.03630.03460.0322
Very volatile
Asset Turnover0.250.19420.2034
Slightly volatile
Net Profit Margin0.110.17820.1593
Very volatile
Gross Profit Margin1.030.93610.9455
Pretty Stable
Price Fair Value2.652.61421.723
Slightly volatile
Return On Equity0.180.21640.1403
Pretty Stable

Globe Life Valuation Data

Current ValueLast YearHistorical Average 10 Year Trend
Market Cap12.3 B11.7 B8.5 B
Slightly volatile
Enterprise Value14.4 B13.7 B10 B
Slightly volatile

Globe Fundamental Market Drivers

Forward Price Earnings10.4384
Cash And Short Term Investments184.9 M

Globe Upcoming Events

7th of February 2024
Upcoming Quarterly Report
View
1st of May 2024
Next Financial Report
View
31st of December 2023
Next Fiscal Quarter End
View
7th of February 2024
Next Fiscal Year End
View
30th of September 2023
Last Quarter Report
View
31st of December 2022
Last Financial Announcement
View

About Globe Life Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Globe Life income statement, its balance sheet, and the statement of cash flows. Globe Life investors use historical funamental indicators, such as Globe Life's revenue or net income, to determine how well the company is positioned to perform in the future. Although Globe Life investors may use each financial statement separately, they are all related. The changes in Globe Life's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Globe Life's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Globe Life Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Globe Life. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Current Deferred Revenue617.6 M548.9 M
Total Revenue5.4 B3.3 B
Cost Of Revenue347.8 M251.7 M
Stock Based Compensation To Revenue 0.01  0 
Sales General And Administrative To Revenue 0.06  0.05 
Research And Ddevelopement To Revenue 0.00  0.00 
Capex To Revenue(0.01)(0.01)
Revenue Per Share 56.53  59.36 
Ebit Per Revenue 0.87  0.91 

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When determining whether Globe Life is a strong investment it is important to analyze Globe Life's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Globe Life's future performance. For an informed investment choice regarding Globe Stock, refer to the following important reports:
Check out the analysis of Globe Life Correlation against competitors.
For more information on how to buy Globe Stock please use our How to buy in Globe Stock guide.
You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.

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When running Globe Life's price analysis, check to measure Globe Life's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Globe Life is operating at the current time. Most of Globe Life's value examination focuses on studying past and present price action to predict the probability of Globe Life's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Globe Life's price. Additionally, you may evaluate how the addition of Globe Life to your portfolios can decrease your overall portfolio volatility.
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Is Globe Life's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Globe Life. If investors know Globe will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Globe Life listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.168
Dividend Share
0.9
Earnings Share
10.07
Revenue Per Share
57.283
Quarterly Revenue Growth
0.06
The market value of Globe Life is measured differently than its book value, which is the value of Globe that is recorded on the company's balance sheet. Investors also form their own opinion of Globe Life's value that differs from its market value or its book value, called intrinsic value, which is Globe Life's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Globe Life's market value can be influenced by many factors that don't directly affect Globe Life's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Globe Life's value and its price as these two are different measures arrived at by different means. Investors typically determine if Globe Life is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Globe Life's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.