AFL: Aflac Inc Financial Statements
Balance sheet, income statement, and cash flow statements for Aflac Inc (AFL).
$57.46B Market Cap.
AFL Market Cap. (MRY)
AFL Shares Outstanding (MRY)
AFL Assets (MRY)
Total Assets
$117.57B
Total Liabilities
$91.47B
Total Investments
$98.86B
AFL Income (MRY)
Revenue
$18.93B
Net Income
$5.44B
Operating Expense
$4.86B
AFL Cash Flow (MRY)
CF Operations
$2.71B
CF Investing
$2.78B
CF Financing
-$3.49B
AFL Balance Sheet (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total Assets | $117,566,000,000 (-7.23%) | $126,724,000,000 (-3.81%) | $131,738,000,000 (-16.38%) | $157,542,000,000 (-4.57%) |
Assets Current | - | - | - | - |
Assets Non-Current | - | - | - | - |
Goodwill & Intangible Assets | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Shareholders Equity | $26,098,000,000 (18.71%) | $21,985,000,000 (9.16%) | $20,140,000,000 (-39.43%) | $33,253,000,000 (-0.91%) |
Property Plant & Equipment Net | $387,000,000 (-13.03%) | $445,000,000 (-16.04%) | $530,000,000 (-1.49%) | $538,000,000 (-10.48%) |
Cash & Equivalents | $6,229,000,000 (44.66%) | $4,306,000,000 (9.21%) | $3,943,000,000 (-21.94%) | $5,051,000,000 (-1.75%) |
Accumulated Other Comprehensive Income | -$2,978,000,000 (46.05%) | -$5,520,000,000 (14.14%) | -$6,429,000,000 (-186.96%) | $7,393,000,000 (-17.25%) |
Deferred Revenue | $1,286,000,000 (-11.37%) | $1,451,000,000 (-20.49%) | $1,825,000,000 (-29.15%) | $2,576,000,000 (-28.38%) |
Total Investments | $98,858,000,000 (-9.52%) | $109,254,000,000 (-3.70%) | $113,454,000,000 (-17.74%) | $137,927,000,000 (-4.62%) |
Investments Current | - | - | - | - |
Investments Non-Current | - | - | - | - |
Inventory | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Trade & Non-Trade Receivables | $779,000,000 (-8.14%) | $848,000,000 (31.07%) | $647,000,000 (-3.72%) | $672,000,000 (-15.58%) |
Trade & Non-Trade Payables | $2,037,000,000 (35.53%) | $1,503,000,000 (-16.92%) | $1,809,000,000 (-16.33%) | $2,162,000,000 (124.27%) |
Accumulated Retained Earnings (Deficit) | $52,277,000,000 (8.93%) | $47,993,000,000 (8.17%) | $44,367,000,000 (7.22%) | $41,381,000,000 (8.94%) |
Tax Assets | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Tax Liabilities | $573,000,000 (272.08%) | $154,000,000 (-77.94%) | $698,000,000 (-83.91%) | $4,339,000,000 (-6.91%) |
Total Debt | $7,498,000,000 (1.82%) | $7,364,000,000 (-1.05%) | $7,442,000,000 (-6.46%) | $7,956,000,000 (0.72%) |
Debt Current | - | - | - | - |
Debt Non-Current | - | - | - | - |
Total Liabilities | $91,468,000,000 (-12.67%) | $104,739,000,000 (-6.15%) | $111,598,000,000 (-10.21%) | $124,289,000,000 (-5.50%) |
Liabilities Current | - | - | - | - |
Liabilities Non-Current | - | - | - | - |
AFL Income Statement (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Revenues | $18,927,000,000 (1.21%) | $18,701,000,000 (-2.29%) | $19,140,000,000 (-11.20%) | $21,554,000,000 (-2.68%) |
Cost of Revenue | $7,450,000,000 (-9.27%) | $8,211,000,000 (-7.61%) | $8,887,000,000 (-15.17%) | $10,476,000,000 (-11.19%) |
Selling General & Administrative Expense | $4,863,000,000 (-3.38%) | $5,033,000,000 (-2.42%) | $5,158,000,000 (-8.42%) | $5,632,000,000 (-5.34%) |
Research & Development Expense | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Operating Expenses | $4,863,000,000 (-3.38%) | $5,033,000,000 (-2.42%) | $5,158,000,000 (-8.42%) | $5,632,000,000 (-5.34%) |
Interest Expense | $197,000,000 (1.03%) | $195,000,000 (-13.72%) | $226,000,000 (-5.04%) | $238,000,000 (-1.65%) |
Income Tax Expense | $974,000,000 (61.53%) | $603,000,000 (33.70%) | $451,000,000 (-53.84%) | $977,000,000 (257.84%) |
Net Loss Income from Discontinued Operations | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Consolidated Income | $5,443,000,000 (16.83%) | $4,659,000,000 (5.45%) | $4,418,000,000 (4.42%) | $4,231,000,000 (-11.45%) |
Net Income to Non-Controlling Interests | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Net Income | $5,443,000,000 (16.83%) | $4,659,000,000 (5.45%) | $4,418,000,000 (4.42%) | $4,231,000,000 (-11.45%) |
Preferred Dividends Income Statement Impact | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Net Income Common Stock | $5,443,000,000 (16.83%) | $4,659,000,000 (5.45%) | $4,418,000,000 (4.42%) | $4,231,000,000 (-11.45%) |
Weighted Average Shares | $562,492,000 (-5.65%) | $596,173,000 (-6.09%) | $634,816,000 (-5.76%) | $673,617,000 (-5.62%) |
Weighted Average Shares Diluted | $565,015,000 (-5.63%) | $598,745,000 (-6.10%) | $637,655,000 (-5.77%) | $676,729,000 (-5.51%) |
Earning Before Interest & Taxes (EBIT) | $6,614,000,000 (21.20%) | $5,457,000,000 (7.11%) | $5,095,000,000 (-6.45%) | $5,446,000,000 (23.74%) |
Gross Profit | $11,477,000,000 (9.41%) | $10,490,000,000 (2.31%) | $10,253,000,000 (-7.45%) | $11,078,000,000 (7.02%) |
Operating Income | $6,614,000,000 (21.20%) | $5,457,000,000 (7.11%) | $5,095,000,000 (-6.45%) | $5,446,000,000 (23.74%) |
AFL Cash Flow Statement (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Net Cash Flow from Investing | $2,781,000,000 (240.39%) | $817,000,000 (153.05%) | -$1,540,000,000 (35.24%) | -$2,378,000,000 (48.52%) |
Net Cash Flow from Financing | -$3,486,000,000 (6.37%) | -$3,723,000,000 (-4.84%) | -$3,551,000,000 (-29.65%) | -$2,739,000,000 (-145.65%) |
Net Cash Flow from Operations | $2,707,000,000 (-15.14%) | $3,190,000,000 (-17.76%) | $3,879,000,000 (-23.20%) | $5,051,000,000 (-15.22%) |
Net Cash Flow / Change in Cash & Cash Equivalents | $1,923,000,000 (429.75%) | $363,000,000 (132.76%) | -$1,108,000,000 (-1131.11%) | -$90,000,000 (-136.73%) |
Net Cash Flow - Business Acquisitions and Disposals | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Net Cash Flow - Investment Acquisitions and Disposals | $2,720,000,000 (181.57%) | $966,000,000 (158.47%) | -$1,652,000,000 (31.71%) | -$2,419,000,000 (44.44%) |
Capital Expenditure | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Issuance (Repayment) of Debt Securities | $629,000,000 (208.33%) | $204,000,000 (246.76%) | -$139,000,000 (-130.68%) | $453,000,000 (-62.09%) |
Issuance (Purchase) of Equity Shares | -$2,786,000,000 (-0.07%) | -$2,784,000,000 (-16.78%) | -$2,384,000,000 (-4.79%) | -$2,275,000,000 (-51.36%) |
Payment of Dividends & Other Cash Distributions | -$1,087,000,000 (-12.53%) | -$966,000,000 (1.33%) | -$979,000,000 (-14.50%) | -$855,000,000 (-11.18%) |
Effect of Exchange Rate Changes on Cash | -$79,000,000 (-200.00%) | $79,000,000 (-24.04%) | $104,000,000 (533.33%) | -$24,000,000 (-214.29%) |
Share Based Compensation | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Depreciation Amortization & Accretion | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
AFL Financial Metrics (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Gross Margin | 60.60% (8.02%) | 56.10% (4.66%) | 53.60% (4.28%) | 51.40% (10.06%) |
Profit Margin | 28.80% (15.66%) | 24.90% (7.79%) | 23.10% (17.86%) | 19.60% (-9.26%) |
EBITDA Margin | 34.90% (19.52%) | 29.20% (9.77%) | 26.60% (5.14%) | 25.30% (27.14%) |
Return on Average Equity (ROAE) | 21.70% (-1.36%) | 22.00% (25.00%) | 17.60% (37.50%) | 12.80% (-18.47%) |
Return on Average Assets (ROAA) | 4.40% (22.22%) | 3.60% (9.09%) | 3.30% (22.22%) | 2.70% (-10.00%) |
Return on Sales (ROS) | 34.90% (19.52%) | 29.20% (9.77%) | 26.60% (5.14%) | 25.30% (27.14%) |
Return on Invested Capital (ROIC) | 5.30% (29.27%) | 4.10% (10.81%) | 3.70% (8.82%) | 3.40% (25.93%) |
Dividend Yield | 1.90% (-5.00%) | 2.00% (-9.09%) | 2.20% (-4.35%) | 2.30% (-8.00%) |
Price to Earnings Ratio (P/E) | 10.69 (1.16%) | 10.56 (2.20%) | 10.34 (11.16%) | 9.3 (39.88%) |
Price to Sales Ratio (P/S) | 3.07 (16.88%) | 2.63 (10.23%) | 2.39 (30.74%) | 1.82 (27.36%) |
Price to Book Ratio (P/B) | 2.2 (0.41%) | 2.19 (-1.26%) | 2.22 (91.14%) | 1.16 (24.81%) |
Debt to Equity Ratio (D/E) | 3.5 (-26.43%) | 4.76 (-14.02%) | 5.54 (48.23%) | 3.74 (-4.62%) |
Earnings Per Share (EPS) | 9.68 (23.94%) | 7.81 (12.21%) | 6.96 (10.83%) | 6.28 (-6.13%) |
Sales Per Share (SPS) | 33.65 (7.27%) | 31.37 (4.04%) | 30.15 (-5.77%) | 32 (3.11%) |
Free Cash Flow Per Share (FCFPS) | 4.81 (-10.05%) | 5.35 (-12.42%) | 6.11 (-18.51%) | 7.5 (-10.18%) |
Book Value Per Share (BVPS) | 46.4 (25.82%) | 36.88 (16.24%) | 31.73 (-35.73%) | 49.37 (4.99%) |
Tangible Assets Book Value Per Share (TABVPS) | 209.01 (-1.67%) | 212.56 (2.43%) | 207.52 (-11.27%) | 233.88 (1.11%) |
Enterprise Value Over EBIT (EV/EBIT) | 9 (0.00%) | 9 (0.00%) | 9 (28.57%) | 7 (-12.50%) |
Enterprise Value Over EBITDA (EV/EBITDA) | 9.05 (-0.62%) | 9.1 (-2.45%) | 9.33 (25.52%) | 7.43 (-2.34%) |
Asset Turnover | 0.15 (6.21%) | 0.14 (2.84%) | 0.14 (4.44%) | 0.14 (-3.57%) |
Current Ratio | - | - | - | - |
Dividends | $2 (19.05%) | $1.68 (5.00%) | $1.6 (21.21%) | $1.32 (17.86%) |
Free Cash Flow (FCF) | $2,707,000,000 (-15.14%) | $3,190,000,000 (-17.76%) | $3,879,000,000 (-23.20%) | $5,051,000,000 (-15.22%) |
Enterprise Value (EV) | $59,829,859,454 (20.45%) | $49,670,340,842 (4.48%) | $47,539,469,006 (17.43%) | $40,484,632,707 (20.85%) |
Earnings Before Tax (EBT) | $6,417,000,000 (21.95%) | $5,262,000,000 (8.07%) | $4,869,000,000 (-6.51%) | $5,208,000,000 (25.22%) |
Earnings Before Interest Taxes & Depreciation Amortization (EBITDA) | $6,614,000,000 (21.20%) | $5,457,000,000 (7.11%) | $5,095,000,000 (-6.45%) | $5,446,000,000 (23.74%) |
Invested Capital | $118,835,000,000 (-8.43%) | $129,782,000,000 (-4.03%) | $135,237,000,000 (-15.71%) | $160,447,000,000 (-4.41%) |
Working Capital | - | - | - | - |
Tangible Asset Value | $117,566,000,000 (-7.23%) | $126,724,000,000 (-3.81%) | $131,738,000,000 (-16.38%) | $157,542,000,000 (-4.57%) |
Market Capitalization | $57,463,859,454 (19.19%) | $48,211,340,842 (7.78%) | $44,731,469,006 (15.80%) | $38,626,632,707 (23.65%) |
Average Equity | $25,128,000,000 (18.42%) | $21,219,250,000 (-15.30%) | $25,051,500,000 (-24.45%) | $33,160,750,000 (8.85%) |
Average Assets | $122,729,500,000 (-5.12%) | $129,356,750,000 (-4.62%) | $135,628,250,000 (-14.94%) | $159,447,000,000 (0.48%) |
Invested Capital Average | $124,684,250,000 (-5.53%) | $131,980,500,000 (-4.80%) | $138,639,000,000 (-14.46%) | $162,075,250,000 (0.57%) |
Shares | 555,528,417 (-4.94%) | 584,379,889 (-6.02%) | 621,788,560 (-6.01%) | 661,528,219 (-5.82%) |
