GLOBE LIFE INC.
Cash Flow Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $1.45B | $549.8M | $527.1M | $542.9M | $528.5M | $529.3M | $497.2M | $498.9M |
| Depreciation & Amortization | — | — | — | — | — | — | — | — |
| Depreciation | $11.0M | $10.0M | $8.0M | $7.4M | $6.4M | $7.1M | $6.8M | $6.0M |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | $37.0M | $26.3M | $28.7M | $32.2M | $25.6M | $21.6M | $15.0M | $11.8M |
| Net Cash from Operating Activities | $1.43B | $1.40B | $1.12B | $864.7M | $1.12B | $942.8M | $859.5M | $1.03B |
| Investing Activities | ||||||||
| Capital Expenditures | $20.3M | $25.2M | $37.0M | $19.4M | $11.2M | $4.7M | $5.4M | $9.2M |
| Business Acquisitions | — | — | — | $0 | $0 | $186.4M | $0 | $0 |
| Net Cash from Investing Activities | $-926.8M | $-1.06B | $-633.4M | $-350.2M | $-614.4M | $-698.0M | $-312.1M | $-557.6M |
| Financing Activities | ||||||||
| Dividends Paid | $68.8M | $66.9M | $66.9M | $65.0M | $60.9M | $55.5M | $49.1M | $50.1M |
| Stock Repurchases | $413.0M | $404.8M | $418.5M | $449.3M | $482.3M | $570.2M | $972.6M | $246.0M |
| Net Cash from Financing Activities | $-454.0M | $-319.8M | $-525.7M | $-500.0M | $-535.9M | $-269.1M | $-824.5M | $-329.6M |
| Net Change in Cash | $42.4M | — | $-4.6M | $29.1M | $-24.8M | $-22.4M | $-281.6M | $133.8M |
| Free Cash Flow | $1.41B | $1.37B | $1.08B | $845.3M | $1.11B | $938.2M | $854.1M | $1.02B |