TORCHMARK CORP company info

CIK 320335
IRS Number 630780404
State of incorporation DE
Business address 3700 SOUTH STONEBRIDGE DRIVE
None
MCKINNEY
TX
75070
Mail address 3700 SOUTH STONEBRIDGE DRIVE
None
MCKINNEY
TX
75070

Short summary

TORCHMARK CORP is a Texas company, with head office located at 3700 South Stonebridge Drive Mckinney, Texas 75070. The company achieved a record breaking net income in 2017 - 1.45 billion USD. In 2018 the company owned a total of 23.10 billion USD worth of assets. The company amassed the most assets last year, totalling up to 23.10 billion USD.

TORCHMARK CORP Income Statement

Name [in Millions USD]2006200720082009201020112012201320142015201620172018Trends
Gross Profit 706.57713.23697.88728.16755.14761.13774.98782.92807.04865.48
Operating Income (Loss) 673.42722.38732.04753.59788.80794.51776.37787.27821.17870.64
Interest expense 67.5663.2369.9375.5377.9180.5180.4676.1376.6483.3584.5390.08
Income Tax Expense (Benefit) 269.27198.70179.30246.48226.17236.67234.65256.60249.89232.65-627.62162.16
Net income 527.54452.26404.95498.87497.16529.32528.47542.94527.10549.781,454.49701.47

TORCHMARK CORP Balance Sheet

Name [in Millions USD]2006200720082009201020112012201320142015201620172018Trends
Cash and cash equivalents 16.7218.22339.6127.2990.2370.6744.9438.79
Property, Plant and Equipment, Gross 119119125136139175196217256
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment 65717985859299109121
Goodwill 423.52423.52396.89396.89441.59441.59441.59441.59441.59441.59441.59
Total assets 14,707.7316,950.2116,218.2117,185.0018,141.2719,651.8020,020.9121,574.0422,577.9422,878.7023,095.72
Long-term Debt, Excluding Current Maturities 499.05789.21790.10791.07990.27990.57743.731,133.171,132.201,357.19
Long-term Debt 795.64914.28989.69991.49743.311,133.931,131.80817.471,364.06
Total liabilities 12,084.7413,004.9912,438.1113,187.3414,318.9915,142.8515,714.8516,696.2817,524.5217,307.0917,680.55
Common Stock, Value, Issued 85.8883.88119.81112.31105.81139.22134.22130.22127.22124.22121.22
Retained Earnings (Accumulated Deficit) 3,096.193,452.243,693.313,462.273,613.323,329.403,568.723,817.674,112.765,115.075,200
Accumulated Other Comprehensive Income (Loss), Net of Tax -896.3472.71153.26734.38333.90887.97555.32989.16984.56603.50319.48

TORCHMARK CORP Cash Flow

Name [in Millions USD]2006200720082009201020112012201320142015201620172018Trends
Net income 527.54452.26404.95498.87497.16529.32528.47542.94527.10549.781,454.49701.47
Depreciation 4.6066.807.106.407.4089.8010.5013
Deferred Income Tax Expense (Benefit) 94.0157.32108.0599.1356.6775.3457.7087.2875.6199.84-765.8827.54
Net Cash Provided by (Used in) Operating Activities 850.00730.61976.111,028.59859.46942.841,119.28864.711,120.051,398.711,429.061,277.65
Payments to Acquire Property, Plant, and Equipment 24.169.806.509.185.394.6711.1719.3736.9625.1620.2945.09
Payments to Acquire Businesses, Net of Cash Acquired 47.120000186.4200
Net Cash Provided by (Used in) Investing Activities -502.60-432.25-937.10-557.64-312.13-698.04-614.38-350.16-633.35-1,062.44-926.82-896.22
Net Cash Provided by (Used in) Investing Activities, Continuing Operations -698.04-614.38-350.16-633.35
Stock Issued During Period, Value, Share-based Compensation, Net of Forfeitures 8.1110.829.86
Stock Issued During Period, Value, Share-based Compensation, Net of Forfeitures 8.1110.829.86
Proceeds from Issuance of Common Stock 42.6425.474.4337.86162.61181.0297.8256.2935.9661.3361.2236.09
Payments for Repurchase of Common Stock 451.79455.7447.56246.01972.56570.17482.26449.31418.53404.78412.99421.75
Net Cash Provided by (Used in) Financing Activities -346.75-261.26148.44-329.62-824.49-269.11-535.92-499.96-525.71-319.79-453.98-391.52
Cash and Cash Equivalents, Period Increase (Decrease) 3.3826.30185.52133.76-281.57-22.40-24.7729.08-4.64