GL FY 2019 Earnings Report — Globe Life Inc. Revenue & Financial Results | Market Cap Arena

Globe Life Inc.GL

FY 2019 Earnings

Reported February 27, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2019	Prior Q	FY 2018	QoQ Change	YoY Change
Revenue	$4.5B	—	$4.3B	—	4.9%
Op. Income	$931M	—	$864M	—	7.8%
Gross Margin	29.1%	—	28.8%	—	0.3pp
Net Margin	16.8%	—	16.3%	—	0.5pp
EPS (Diluted)	$6.83	—	$6.08	—	12.3%
Free Cash Flow	$1.3B	—	$1.2B	—	7.2%

Revenue Flow

Item	Amount
REVENUE	$4.5B
Cost of Revenue	$3.2B
GROSS PROFIT	$1.3B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$286M
SG&A Expenses	$286M
Other Expenses	$103M
Operating Expenses	$388M
Cost & Expenses	$3.6B
OPERATING INCOME	$931M
Interest Income	$0
Interest Expense	$84M
Other Income/Expenses	$0
INCOME BEFORE TAX	$931M
Income Tax Expense	$170M
Net Income from Continuing Ops	$761M
Net Income from Discontinued Ops	-$92.0K
Other Adjustments	$0
NET INCOME	$761M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$761M
D&A	$0
EBIT	$1.0B
EBITDA	$1.0B
EPS	$7
EPS Diluted	$7

Income Statement

Item	Amount
REVENUE	$4.5B
Cost of Revenue	$3.2B
GROSS PROFIT	$1.3B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$286M
SG&A Expenses	$286M
Other Expenses	$103M
Operating Expenses	$388M
Cost & Expenses	$3.6B
OPERATING INCOME	$931M
Interest Income	$0
Interest Expense	$84M
Other Income/Expenses	$0
INCOME BEFORE TAX	$931M
Income Tax Expense	$170M
Net Income from Continuing Ops	$761M
Net Income from Discontinued Ops	-$92.0K
Other Adjustments	$0
NET INCOME	$761M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$761M
D&A	$0
EBIT	$1.0B
EBITDA	$1.0B
EPS	$7
EPS Diluted	$7

Cash Flow Statement

Item	Amount
Net Income	$761M
Depreciation & Amortization	$0
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	-$137M
Change in Working Capital	$740M
OPERATING CASH FLOW	$1.4B
Capital Expenditure	-$42M
Acquisitions (Net)	$0
Purchases of Investments	-$1.7B
Sales/Maturities of Investments	$958M
Other Investing Activities	$32.0K
NET CASH FROM INVESTING	-$809M
Net Debt Issuance	-$18M
Common Stock Repurchased	-$460M
Common Dividends Paid	-$74M
Other Financing Activities	-$121M
NET CASH FROM FINANCING	-$591M
FREE CASH FLOW	$1.3B
Net Change in Cash	-$45M

Balance Sheet

Item	Amount
Cash & Equivalents	$76M
Short-Term Investments	$18.9B
Net Receivables	$442M
Inventory	$0
Other Current Assets	-$19.5B
TOTAL CURRENT ASSETS	$0
PP&E (Net)	$161M
Goodwill	$442M
Intangible Assets	$0
Long-Term Investments	$18.9B
Tax Assets	$0
Other Non-Current Assets	-$19.5B
TOTAL NON-CURRENT ASSETS	$0
TOTAL ASSETS	$26.0B
Account Payables	$365M
Short-Term Debt	$299M
Deferred Revenue	$0
Other Current Liabilities	-$2.1B
TOTAL CURRENT LIABILITIES	$0
Long-Term Debt	$1.3B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	-$1.3B
TOTAL NON-CURRENT LIABILITIES	$0
TOTAL LIABILITIES	$18.7B
Common Stock	$117M
Additional Paid-In Capital	$532M
Retained Earnings	$5.6B
Treasury Stock	-$751M
Accum. Other Comp. Income	$1.8B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$7.3B
Minority Interest	$0
TOTAL EQUITY	$7.3B
TOTAL LIABILITIES & EQUITY	$26.0B
Total Debt	$1.6B
Net Debt	$1.6B