Globe Life
Balance Sheet
Last updated:
The balance sheet is a financial statement presenting the value of assets, liabilities and equity of a company. How has Globe Life's balance sheet done over the years? Its assets were worth $28,051,499,000 last year, which is more than in the previous period. 84% of Globe Life’s total assets is currently financed by debt. Its liabilities reached the amount of $23,564,696,000, which means an increase by 14% compared compared to last year.
Debt to Assets
| 2014 | 20214730000 | 15.51B | 76.76% |
|---|---|---|---|
| 2015 | 19853213000 | 15.79B | 79.57% |
| 2016 | 21436087000 | 16.86B | 78.7% |
| 2017 | 23474985000 | 17.24B | 73.46% |
| 2018 | 23095722000 | 17.68B | 76.55% |
| 2019 | 25977460000 | 18.68B | 71.92% |
| 2020 | 29046731000 | 20.27B | 69.8% |
| 2021 | 29768048000 | 21.12B | 70.97% |
| 2022 | 25537159000 | 20.64B | 80.83% |
| 2023 | 28051499000 | 23.56B | 84.01% |
GL Balance Sheet (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Assets | ||||||||||
Current assets: | ||||||||||
Cash and cash equivalents | 103.15M | 92.55M | 92.16M | 94.84M | 75.93M | 121.02M | 118.56M | 76.16M | 61.38M | 66.01M |
Short term investments | 191.55M | 16.61B | 21.37B | 21.32B | 18.94B | 16.36B | 17.09B | 15.31B | 13.81B | 14.50B |
Net receivables | 630.22M | 484.88M | 487.44M | 474.18M | 441.66M | 415.15M | 391.77M | 384.45M | 344.55M | 327.85M |
Inventory | 0 | -18.10B | -999.81M | -998.19M | -887.84M | 0 | 0 | 0 | 0 | 0 |
Other current assets | 0 | 1.11B | 999.81M | 998.19M | 887.84M | 342.16M | 246.31M | 177.37M | 186.34M | 932.63M |
Total current assets | 733.37M | 206.68M | 21.95B | 21.89B | 19.46B | 17.23B | 17.85B | 15.95B | 14.40B | 15.05B |
Non-current assets: | ||||||||||
Property, Plant and Equipment | 240M | 212M | 205M | 186M | 161M | 135M | 108M | 97M | 83M | 54M |
Goodwill | 481.79M | 481.79M | 481.79M | 441.59M | 441.59M | 441.59M | 441.59M | 441.59M | 441.59M | 441.59M |
Intangible assets | 0 | 481.79M | 481.79M | 441.59M | 441.59M | 4.13B | 3.95B | 3.78B | 441.59M | 3.45B |
Long term investments | 1.10B | 16.61B | 21.37B | 21.32B | 18.94B | 16.36B | 17.09B | 15.31B | 13.81B | 14.51B |
Other non-current assets | 23.93B | -17.51B | -1.76B | -1.83B | -1.47B | -12.12B | -13.33B | -12.12B | -10.34B | -11.69B |
Total non-current assets | 26.85B | 481.79M | 22.06B | 21.94B | 19.54B | 5.85B | 5.62B | 5.48B | 5.44B | 5.11B |
Total assets | 28.05B | 25.53B | 29.76B | 29.04B | 25.97B | 23.09B | 23.47B | 21.43B | 19.85B | 20.21B |
Liabilities | ||||||||||
| Current liabilities: | ||||||||||
Accounts payable | ||||||||||
Deferred revenue | 0 | 686.17M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Short term debt | 486.11M | 449.10M | 479.64M | 254.91M | 298.73M | 307.84M | 328.06M | 264.47M | 490.12M | 238.39M |
Total current liabilities | 1.49B | 1.13B | 479.64M | 254.91M | 298.73M | 16.32B | 16.11B | 15.73B | 15.05B | 14.58B |
| Non-current liabilities: | ||||||||||
Long term debt | 1.62B | 1.62B | 1.54B | 1.66B | 1.34B | 1.35B | 1.13B | 1.13B | 743.73M | 992.13M |
Deferred tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other non-current liabilities | 20.43B | 14.57B | -1.54B | -1.66B | -1.34B | 0 | 14.13B | 0 | 12.84B | 12.30B |
Total non-current liabilities | 22.06B | 16.20B | 1.54B | 1.66B | 1.34B | 1.35B | 1.13B | 1.13B | 743.73M | 992.13M |
Total liabilities | 23.56B | 20.64B | 21.12B | 20.27B | 18.68B | 17.68B | 17.24B | 16.86B | 15.79B | 15.51B |
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