GLOBE LIFE INC.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $1.16B | $1.07B | $970.8M | $894.4M | $1.03B | $731.8M | $760.8M | $701.5M |
| Depreciation & Amortization | — | — | — | — | — | — | — | — |
| Depreciation | $30.0M | $27.0M | $21.0M | $21.0M | $20.0M | $17.0M | $16.0M | $13.0M |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | $53.4M | $40.1M | $30.7M | $35.7M | $30.3M | $35.9M | $44.8M | $39.8M |
| Net Cash from Operating Activities | $1.40B | $1.40B | $1.48B | $1.42B | $1.44B | $1.48B | $1.36B | $1.28B |
| Investing Activities | ||||||||
| Capital Expenditures | $142.5M | $71.0M | $49.6M | $27.9M | $38.2M | $41.8M | $42.2M | $45.1M |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $-643.6M | $-641.5M | $-926.1M | $-943.0M | $-913.4M | $-1.18B | $-809.3M | $-896.2M |
| Financing Activities | ||||||||
| Dividends Paid | $86.1M | $85.5M | $84.1M | $80.5M | $80.0M | $78.2M | $74.2M | $71.4M |
| Stock Repurchases | $881.0M | $1.00B | $511.1M | $454.6M | $541.4M | $443.9M | $459.6M | $421.7M |
| Net Cash from Financing Activities | $-768.1M | $-715.8M | $-541.5M | $-492.5M | $-523.6M | $-274.1M | $-590.5M | $-391.5M |
| Net Change in Cash | $-20.6M | $62.2M | $10.6M | $396.0K | $-2.7M | $18.9M | $-45.1M | $2.5M |
| Free Cash Flow | $1.25B | $1.33B | $1.43B | $1.39B | $1.40B | $1.43B | $1.32B | $1.23B |