$GL
GLOBE LIFE INC.

2014 Q1 Form 10-Q Financial Statement

#000119312514191468 Filed on May 09, 2014

View on sec.gov

Income Statement

Concept 2014 Q1 2013 Q1
Revenue $913.7M $958.2M
YoY Change -4.64% 6.71%
Cost Of Revenue $472.6M $552.0M
YoY Change -14.39% 7.68%
Gross Profit $180.9M $177.0M
YoY Change 2.23% 7.11%
Gross Profit Margin 19.8% 18.47%
Selling, General & Admin $54.50M $52.30M
YoY Change 4.21% 13.2%
% of Gross Profit 30.12% 29.55%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $104.0M $101.7M
YoY Change 2.28% 5.41%
% of Gross Profit 57.5% 57.48%
Operating Expenses $805.1M $764.3M
YoY Change 5.34% 8.24%
Operating Profit $203.7M $195.9M
YoY Change 4.0% 2.73%
Interest Expense $19.05M $20.88M
YoY Change -8.76% 6.13%
% of Operating Profit 9.35% 10.66%
Other Income/Expense, Net $22.77M $12.68M
YoY Change 79.57% -36.05%
Pretax Income $209.0M $173.1M
YoY Change 20.79% 1.66%
Income Tax $64.68M $53.43M
% Of Pretax Income 30.94% 30.87%
Net Earnings $132.9M $119.6M
YoY Change 11.05% 0.8%
Net Earnings / Revenue 14.54% 12.48%
Basic Earnings Per Share $1.00 $0.85
Diluted Earnings Per Share $0.98 $0.84
COMMON SHARES
Basic Shares Outstanding 133.2M shares 93.58M shares
Diluted Shares Outstanding 135.0M shares 94.57M shares

Balance Sheet

Concept 2014 Q1 2013 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $25.26M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $373.0M $394.0M
YoY Change -5.33% 49.24%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill $441.6M $441.6M
YoY Change 0.0%
Intangibles
YoY Change
Long-Term Investments $14.19B $14.19B
YoY Change 0.01% 13.92%
Other Assets
YoY Change
Total Long-Term Assets $18.69B $18.48B
YoY Change 1.12% 12.23%
TOTAL ASSETS
Total Short-Term Assets $373.0M $394.0M
Total Long-Term Assets $18.69B $18.48B
Total Assets $19.06B $18.88B
YoY Change 0.98% 12.82%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $264.9M $368.9M
YoY Change -28.19%
Long-Term Debt Due $265.0M $369.0M
YoY Change -28.18% 64.0%
Total Short-Term Liabilities $1.794B $1.973B
YoY Change -9.07% 17.3%
LONG-TERM LIABILITIES
Long-Term Debt $991.0M $990.0M
YoY Change 0.1% 25.15%
Other Long-Term Liabilities $309.0M $371.0M
YoY Change -16.71% 18.15%
Total Long-Term Liabilities $1.300B $990.0M
YoY Change 31.32% -10.41%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.794B $1.973B
Total Long-Term Liabilities $1.300B $990.0M
Total Liabilities $14.88B $14.57B
YoY Change 2.07% 12.98%
SHAREHOLDERS EQUITY
Retained Earnings $3.659B $3.499B
YoY Change 4.59%
Common Stock $100.8M $105.8M
YoY Change -4.73%
Preferred Stock
YoY Change
Treasury Stock (at cost) $651.6M $600.2M
YoY Change 8.56%
Treasury Stock Shares 12.59M shares 12.93M shares
Shareholders Equity $4.189B $4.305B
YoY Change
Total Liabilities & Shareholders Equity $19.06B $18.88B
YoY Change 0.98% 12.82%

Cashflow Statement

Concept 2014 Q1 2013 Q1
OPERATING ACTIVITIES
Net Income $132.9M $119.6M
YoY Change 11.05% 0.8%
Depreciation, Depletion And Amortization $104.0M $101.7M
YoY Change 2.28% 5.41%
Cash From Operating Activities $274.9M $290.4M
YoY Change -5.33% 2.23%
INVESTING ACTIVITIES
Capital Expenditures $5.075M $855.0K
YoY Change 493.57% 78.5%
Acquisitions
YoY Change
Other Investing Activities -$170.5M -$267.0M
YoY Change -36.14% 36.99%
Cash From Investing Activities -$175.5M -$267.8M
YoY Change -34.48% 37.07%
FINANCING ACTIVITIES
Cash Dividend Paid $15.22M $14.14M
YoY Change 7.66% 16.95%
Common Stock Issuance & Retirement, Net $125.6M $129.2M
YoY Change -2.79% -31.96%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -103.9M -62.97M
YoY Change 65.01% -31.46%
NET CHANGE
Cash From Operating Activities 274.9M 290.4M
Cash From Investing Activities -175.5M -267.8M
Cash From Financing Activities -103.9M -62.97M
Net Change In Cash -4.500M -40.44M
YoY Change -88.87% 1150.05%
FREE CASH FLOW
Cash From Operating Activities $274.9M $290.4M
Capital Expenditures $5.075M $855.0K
Free Cash Flow $269.8M $289.5M
YoY Change -6.8% 2.1%

Facts In Submission

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