Aflac Financial Statements From 2010 to 2024

AFL Stock  USD 111.73  1.49  1.35%   
Aflac Incorporated financial statements provide useful quarterly and yearly information to potential Aflac Incorporated investors about the company's current and past financial position, as well as its overall management performance and changes in financial position over time. Historical trend examination of various income statement and balance sheet accounts found on Aflac Incorporated financial statements helps investors assess Aflac Incorporated's valuation, profitability, and current liquidity needs. Key fundamental drivers impacting Aflac Incorporated's valuation are summarized below:
Gross Profit
8.1 B
Profit Margin
0.2202
Market Capitalization
61.2 B
Enterprise Value Revenue
3.9196
Revenue
17.3 B
There are over one hundred nineteen available fundamental signals for Aflac Incorporated, which can be analyzed over time and compared to other ratios. We recommend to validate Aflac Incorporated's prevailing fundamental drivers against the all of the trends between 2010 and 2024. Market Cap is expected to rise to about 27.1 B this year. Enterprise Value is expected to rise to about 27.5 B this year

Aflac Incorporated Total Revenue

14.3 Billion

Check Aflac Incorporated financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Aflac Incorporated's main balance sheet or income statement drivers, such as Interest Expense of 107.4 M, Total Revenue of 14.3 B or Gross Profit of 14.3 B, as well as many indicators such as Price To Sales Ratio of 2.76, Dividend Yield of 0.0126 or PTB Ratio of 2.45. Aflac financial statements analysis is a perfect complement when working with Aflac Incorporated Valuation or Volatility modules.
  
Check out the analysis of Aflac Incorporated Correlation against competitors.
For more information on how to buy Aflac Stock please use our How to buy in Aflac Stock guide.

Aflac Incorporated Balance Sheet

Current ValueLast YearHistorical Average 10 Year Trend
Total Assets75.2 B130.9 B122 B
Slightly volatile
Short and Long Term Debt Total7.7 B7.4 B6.5 B
Slightly volatile
Total Stockholder Equity11.1 B22 B19.9 B
Slightly volatile
Net Debt3.2 B3.1 B1.9 B
Slightly volatile
Retained Earnings50.4 B48 B29.5 B
Slightly volatile
Common Stock Shares Outstanding806.5 M598.7 M824.9 M
Slightly volatile
Liabilities And Stockholders Equity75.2 B130.9 B122 B
Slightly volatile
Non Current Liabilities Total110 B104.7 B31.5 B
Slightly volatile
Total Liabilities57.4 B108.9 B85.7 B
Very volatile
Total Current Liabilities2.1 B2.2 B3.4 B
Slightly volatile
Property Plant And Equipment Net505.5 M445 M476.9 M
Slightly volatile
Non Current Assets Total129.7 B123.6 B98.4 B
Pretty Stable
Net Receivables603.9 M848 M750.1 M
Very volatile
Property Plant And Equipment Gross485.5 M691.1 M500.9 M
Slightly volatile
Total Current Assets37.1 B28.2 B69.6 B
Slightly volatile
Short Term Debt49.4 M52 M2.9 B
Pretty Stable
Common Stock Total Equity163 M155.2 M98.1 M
Slightly volatile
Common Stock74.4 M136 M90.9 M
Slightly volatile
Accounts Payable1.4 B1.5 BB
Pretty Stable
Cash2.7 B4.3 B3.6 B
Slightly volatile
Cash And Short Term Investments4.1 B4.3 B62.1 B
Pretty Stable
Short Term Investments1.4 B1.4 B58.6 B
Pretty Stable
Other Liabilities66.4 B105.5 B76.3 B
Slightly volatile
Long Term Debt4.2 B7.2 B5.3 B
Slightly volatile
Property Plant Equipment561.5 M609.5 M515.3 M
Slightly volatile
Net Tangible Assets24.2 B25.7 B22 B
Slightly volatile
Long Term Debt Total6.6 B8.6 B5.9 B
Slightly volatile
Capital Surpluse2.2 BB2.1 B
Slightly volatile
Long Term Investments53.5 B92.2 B45.7 B
Slightly volatile
Non Current Liabilities Other111.8 B114.9 B103.6 B
Slightly volatile
Capital Lease Obligations104.4 M124 M66 M
Slightly volatile
Cash And EquivalentsB4.5 B4.7 B
Pretty Stable
Net Invested Capital37 B29.2 B32.1 B
Slightly volatile
Capital Stock148.7 M136 M136 M
Slightly volatile

Aflac Incorporated Income Statement

Current ValueLast YearHistorical Average 10 Year Trend
Interest Expense107.4 M195 M221.8 M
Very volatile
Total Revenue14.3 B18.7 B20 B
Very volatile
Gross Profit14.3 B18.7 B20 B
Very volatile
Other Operating ExpensesB3.2 B14.7 B
Pretty Stable
Operating Income16.3 B15.5 B5.7 B
Slightly volatile
EBIT5.7 B5.5 B4.3 B
Slightly volatile
EBITDA5.8 B5.5 B4.5 B
Slightly volatile
Net Income4.9 B4.7 B3.3 B
Slightly volatile
Income Before Tax2.7 B5.3 BB
Slightly volatile
Depreciation And Amortization37 M39 M194.5 M
Slightly volatile
Cost Of Revenue300.4 M316.2 M10.6 B
Slightly volatile
Net Income Applicable To Common Shares2.6 B4.8 B3.2 B
Slightly volatile
Selling General Administrative3.1 B2.9 B1.4 B
Pretty Stable
Selling And Marketing Expenses178.6 M188 M366.5 M
Slightly volatile
Net Income From Continuing Ops3.8 B4.4 B3.4 B
Slightly volatile
Interest Income195.3 M203.4 M253.1 M
Slightly volatile

Aflac Incorporated Cash Flow Statement

Current ValueLast YearHistorical Average 10 Year Trend
Free Cash FlowB3.2 B6.5 B
Slightly volatile
Begin Period Cash Flow2.1 B3.9 B3.5 B
Slightly volatile
Dividends PaidB966 M706 M
Slightly volatile
Total Cash From Operating Activities5.1 B3.2 B6.5 B
Slightly volatile
Net Income4.9 B4.7 B3.3 B
Slightly volatile
End Period Cash Flow2.2 B4.3 B3.6 B
Slightly volatile
Change To Liabilities88.1 M92.7 M2.9 B
Slightly volatile
Change To Operating Activities565.2 M594.9 M2.4 B
Slightly volatile
Issuance Of Capital Stock10.4 M11 M44.6 M
Slightly volatile
Stock Based Compensation43.2 M79 M56.3 M
Pretty Stable

Financial Ratios

Current ValueLast YearHistorical Average 10 Year Trend
Price To Sales Ratio2.762.631.5826
Slightly volatile
Dividend Yield0.01260.01960.0215
Slightly volatile
PTB Ratio2.452.23721.6889
Very volatile
Days Sales Outstanding15.8814.1913.7598
Pretty Stable
Book Value Per Share20.2336.876960.1818
Slightly volatile
Free Cash Flow Yield0.06160.06490.2553
Slightly volatile
Operating Cash Flow Per Share4.135.35087.765
Slightly volatile
Stock Based Compensation To Revenue0.00440.00420.0025
Slightly volatile
Capex To Depreciation0.880.760.7011
Very volatile
PB Ratio2.452.23721.6889
Very volatile
EV To Sales2.932.79361.673
Slightly volatile
Free Cash Flow Per Share4.085.35087.7608
Slightly volatile
ROIC0.490.47070.1801
Slightly volatile
Net Income Per Share8.217.81484.5189
Slightly volatile
Payables Turnover0.06810.120.1243
Very volatile
Sales General And Administrative To Revenue0.0880.15660.114
Slightly volatile
Capex To Revenue0.06280.05990.0618
Slightly volatile
Cash Per Share9.169.638180.803
Slightly volatile
POCF Ratio16.1915.41836.402
Slightly volatile
Interest Coverage43.0479.671824.0915
Slightly volatile
Payout Ratio0.160.20730.2213
Slightly volatile
Capex To Operating Cash Flow0.190.180.1834
Slightly volatile
PFCF Ratio16.1915.41836.4037
Slightly volatile
Days Payables OutstandingK3.1 KK
Slightly volatile
Income Quality0.650.68472.7781
Slightly volatile
ROE0.130.21190.1588
Very volatile
EV To Operating Cash Flow17.216.37696.785
Slightly volatile
PE Ratio15.3610.556810.5626
Very volatile
Return On Tangible Assets0.240.22670.0537
Slightly volatile
EV To Free Cash Flow17.216.37696.787
Slightly volatile
Earnings Yield0.06330.09470.0989
Very volatile
Intangibles To Total Assets0.330.31380.0996
Slightly volatile
Current Ratio66.1271.2845.3858
Very volatile
Tangible Book Value Per Share17.1921.114750.1441
Slightly volatile
Receivables Turnover20.7726.6227.0098
Very volatile
Graham Number84.5580.524652.8327
Slightly volatile
Shareholders Equity Per Share38.7236.876927.8253
Slightly volatile
Debt To Equity0.170.32930.2553
Pretty Stable
Capex Per Share1.231.171.2016
Slightly volatile
Revenue Per Share32.9431.368426.5534
Slightly volatile
Interest Debt Per Share13.0912.47127.9003
Slightly volatile
Debt To Assets0.250.24180.0677
Slightly volatile
Short Term Coverage Ratios356339348
Slightly volatile
Price Earnings Ratio15.3610.556810.5626
Very volatile
Price Book Value Ratio2.452.23721.6889
Very volatile
Days Of Payables OutstandingK3.1 KK
Slightly volatile
Dividend Payout Ratio0.160.20730.2213
Slightly volatile
Price To Operating Cash Flows Ratio16.1915.41836.402
Slightly volatile
Price To Free Cash Flows Ratio16.1915.41836.4037
Slightly volatile
Pretax Profit Margin0.30.28140.2099
Slightly volatile
Ebt Per Ebit0.320.33871.0034
Slightly volatile
Operating Profit Margin0.870.83080.2818
Slightly volatile
Company Equity Multiplier1.291.36215.8097
Slightly volatile
Long Term Debt To Capitalization0.130.24770.2004
Pretty Stable
Total Debt To Capitalization0.140.24770.2011
Pretty Stable
Return On Capital Employed0.540.51880.1009
Slightly volatile
Debt Equity Ratio0.170.32930.2553
Pretty Stable
Ebit Per Revenue0.870.83080.2818
Slightly volatile
Quick Ratio66.5977.746.8062
Very volatile
Dividend Paid And Capex Coverage Ratio3.143.302310.7657
Slightly volatile
Net Income Per E B T0.510.88540.726
Slightly volatile
Cash Ratio1.492.742.2396
Very volatile
Operating Cash Flow Sales Ratio0.160.17060.3058
Slightly volatile
Days Of Sales Outstanding15.8814.1913.7598
Pretty Stable
Free Cash Flow Operating Cash Flow Ratio1.070.920.8406
Pretty Stable
Cash Flow Coverage Ratios0.420.44061.4997
Slightly volatile
Price To Book Ratio2.452.23721.6889
Very volatile
Fixed Asset Turnover24.342.024741.4664
Pretty Stable
Capital Expenditure Coverage Ratio4.344.578.7258
Slightly volatile
Price Cash Flow Ratio16.1915.41836.402
Slightly volatile
Debt Ratio0.250.24180.0677
Slightly volatile
Cash Flow To Debt Ratio0.420.44061.4997
Slightly volatile
Price Sales Ratio2.762.631.5826
Slightly volatile
Return On Assets0.160.15560.0423
Slightly volatile
Asset Turnover0.660.62450.2469
Slightly volatile
Net Profit Margin0.260.24910.1594
Slightly volatile
Gross Profit Margin1.091.131.0028
Slightly volatile
Price Fair Value2.452.23721.6889
Very volatile
Return On Equity0.130.21190.1588
Very volatile

Aflac Incorporated Valuation Data

Current ValueLast YearHistorical Average 10 Year Trend
Market Cap27.1 B25.8 B26.5 B
Slightly volatile
Enterprise Value27.5 B26.2 B27 B
Slightly volatile

Aflac Fundamental Market Drivers

Forward Price Earnings15.4799
Cash And Short Term Investments4.3 B

Aflac Upcoming Events

31st of January 2024
Upcoming Quarterly Report
View
24th of April 2024
Next Financial Report
View
31st of December 2023
Next Fiscal Quarter End
View
31st of January 2024
Next Fiscal Year End
View
30th of September 2023
Last Quarter Report
View
31st of December 2022
Last Financial Announcement
View

About Aflac Incorporated Financial Statements

Aflac Incorporated investors utilize fundamental indicators, such as revenue or net income, to predict how Aflac Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
Last ReportedProjected for Next Year
Total Revenue18.7 B14.3 B
Cost Of Revenue316.2 M300.4 M
Sales General And Administrative To Revenue 0.16  0.09 
Capex To Revenue 0.06  0.06 
Revenue Per Share 31.37  32.94 
Ebit Per Revenue 0.83  0.87 

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When determining whether Aflac Incorporated is a strong investment it is important to analyze Aflac Incorporated's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Aflac Incorporated's future performance. For an informed investment choice regarding Aflac Stock, refer to the following important reports:
Check out the analysis of Aflac Incorporated Correlation against competitors.
For more information on how to buy Aflac Stock please use our How to buy in Aflac Stock guide.
You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
Is Life & Health Insurance space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Aflac Incorporated. If investors know Aflac will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Aflac Incorporated listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.144
Dividend Share
1.92
Earnings Share
6.73
Revenue Per Share
30.368
Quarterly Revenue Growth
(0.40)
The market value of Aflac Incorporated is measured differently than its book value, which is the value of Aflac that is recorded on the company's balance sheet. Investors also form their own opinion of Aflac Incorporated's value that differs from its market value or its book value, called intrinsic value, which is Aflac Incorporated's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Aflac Incorporated's market value can be influenced by many factors that don't directly affect Aflac Incorporated's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Aflac Incorporated's value and its price as these two are different measures arrived at by different means. Investors typically determine if Aflac Incorporated is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Aflac Incorporated's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.