Globe Life (GL) Financials

Globe Life Inc (GL) is a leading provider of life insurance coverage and related products. The company's financial performance is reflected in its income statement, which shows the revenue and expenses for a specific period. In the most recent reporting period, Globe Life Inc generated a total revenue of $4.3 billion. This was derived from various sources, including premiums on life insurance policies and investment income. The company's gross profit for the period was $2.6 billion.

After accounting for operating expenses, Globe Life Inc reported earnings before interest and taxes (EBIT) of $1.1 billion. This measure provides insight into the profitability of the company's core operations. Additionally, Globe Life Inc's earnings before interest, taxes, depreciation, and amortization (EBITDA) stood at $1.3 billion, which accounts for non-cash expenses like depreciation and amortization.

Net income from stockholders, which indicates the profitability available to shareholders after deducting all expenses, was reported at $782 million. This reflects the company's ability to generate returns for its investors. Globe Life Inc also maintains a healthy balance sheet, with total assets amounting to $23.5 billion. This includes cash equivalents of $2 billion, which provides liquidity for the company's operations.

While Globe Life Inc has significant assets, it also carries a certain level of debt. The company has a net debt of $6 billion, which takes into account both long-term and short-term debt obligations. However, Globe Life Inc's stockholders equity stands at $6.7 billion, indicating the portion of the company's assets that belong to shareholders.

In terms of cash flow, Globe Life Inc experienced positive operating cash flow of $973 million. This reflects the cash generated from its core operations. The company also had financing cash flows of $193 million, which includes activities such as debt repayments and dividends paid to shareholders. In addition, investing cash flows were negative at $124 million, primarily due to investments and acquisitions.

Finally, Globe Life Inc's free cash flow, which represents the cash available for distribution to investors after accounting for capital expenditures, stood at $849 million. This demonstrates the company's ability to generate cash and potentially invest in growth opportunities. Overall, Globe Life Inc's financials highlight its strong performance and commitment to delivering value to its stakeholders.