Financial Statements

Globe Life Inc. (GL)


-1.43 (-1.52%)
Income Statement
Balance Sheet
Cash Flow

Income Statement

All numbers are in thousands

Retained Earning Schedule

Year 2021 2020 2019 2018 2017
Retained Earnings (Previous Year) 5,8745,5515,2134,806-
Net Income 7457327617011,454
Stock Dividends -357-331-349-2233,421
Dividend Paid -80-78-74-71-69
Retained Earnings 6,1825,8745,5515,2134,806

PPE Schedule

Year 2021 2020 2019 2018 2017
Gross PPE 186161135108-
Annual Depreciation 57676872128
Capital Expenditure -38-42-42-45-20
Net PPE 205186161135108

Intangible and Goodwill Schedule

Year 2021 2020 2019 2018 2017
Intangible and Goodwill (Previous Year) -442442442442
New Purchases -1,445-1,273-1,666-1,636-1,316
Intangible and Goodwill 442442442442482

Globe Life Inc. income statement is the only one that provides an overview of company sales and net income
The reasoning behind the adjustment, however, is that free cash flow is meant to measure money being spent right now, not transactions that happened in the past. This makes Globe Life Inc. FCF a useful instrument for identifying growing companies with high up-front costs, which may eat into earnings now but have the potential to pay off later.