Financial Statements

National Western Life Group, Inc. (NWLI)

$202.03

+0.11 (+0.05%)
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) 2,1032,0261,8961,776-
Net Income 18192132117110
Stock Dividends --15-41,667
Dividend Paid -1-1-1-1-1
Retained Earnings 2,2822,1032,0261,8961,776

PPE Schedule

Year 2021 2020 2019 2018 2017
Gross PPE 83----
Annual Depreciation 895339
Capital Expenditure -10-12-3-3-9
Net PPE 8183---

Intangible and Goodwill Schedule

Year 2021 2020 2019 2018 2017
Intangible and Goodwill (Previous Year) ----14
New Purchases -939-835-532-959-2,643
Intangible and Goodwill ---1414

National Western Life Group, 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 National Western Life Group, 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.