GLOBE LIFE INC.
Cash Flow Statement
| Line Item | FY2009 | FY2008 | FY2007 |
|---|---|---|---|
| Operating Activities | |||
| Net Income | $405.0M | $452.3M | $527.5M |
| Depreciation & Amortization | — | — | — |
| Depreciation | $4.6M | — | — |
| Amortization | — | — | — |
| Stock-Based Compensation | $9.9M | — | — |
| Net Cash from Operating Activities | $976.1M | $730.6M | $850.0M |
| Investing Activities | |||
| Capital Expenditures | $6.5M | $9.8M | $24.2M |
| Business Acquisitions | $0 | $0 | $47.1M |
| Net Cash from Investing Activities | $-937.1M | $-432.2M | $-502.6M |
| Financing Activities | |||
| Dividends Paid | $46.6M | $48.8M | $49.6M |
| Stock Repurchases | $47.6M | $455.7M | $451.8M |
| Net Cash from Financing Activities | $148.4M | $-261.3M | $-346.8M |
| Net Change in Cash | $185.5M | $26.3M | $3.4M |
| Free Cash Flow | $969.6M | $720.8M | $825.8M |