Globe Life (GL) FY2022 results: revenue $5.2 billion, up 2.2% on the year
Globe Life Inc. (GL) reported revenue of $5.2 billion for fiscal 2022, the year ended 31 December 2022, up 2.2% on the year before. Net income was $894 million, down 13.3%, and diluted earnings per share $9.04. The figures are the company's own, from the 10-K it filed with the SEC on 23 February 2023.
Revenue
$5.2 billion
+2.2% on the year
FY2015FY2022
Operating margin
22.7%
24.0% a year earlier
FY2015FY2022
Net income
$894 million
-13.3% on the year
FY2015FY2022
Diluted EPS
$9.04
-9.5% on the year
FY2015FY2022
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
1,422
1,438
1,476
-1.1%
Capital expenditure
27.9
38.2
41.8
-27.0%
Free cash flow
1,394
1,399
1,435
-0.4%
Free cash flow margin
26.7%
27.4%
30.3%
Cash from investing
-943
-913
-1,182
Cash from financing
-492
-524
-274
Depreciation
21.0
20.0
17.0
+5.0%
Share-based compensation
35.6
30.3
35.9
+17.8%
Buybacks
455
541
444
-16.0%
Dividends paid
80.5
80.0
78.2
+0.6%
Dividend per share
$0.83
$0.79
$0.75
+5.1%
Diluted shares, weighted
99m
103m
107m
-4.1%
Shares outstanding at period end
105m
109m
113m
-3.7%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
3,950
2,004
8,771
+97.1%
Debt
2,077
2,026
1,923
+2.5%
Other liabilities
19,960
25,738
18,353
-22.4%
Total liabilities and equity
25,987
29,768
29,047
-12.7%
Fixed assets
212
n/a
n/a
Goodwill
482
482
442
0.0%
Investments
114
69.1
108
+65.0%
Cash and equivalents
92.6
92.2
94.8
+0.4%
Other assets
25,087
29,125
28,403
-13.9%
Total assets
25,987
29,768
29,047
-12.7%
10-K for the year ended 31 December 2022, filed 23 February 2023: the filing.