Aflac Historical Income Statement
| AFL Stock | USD 114.10 0.08 0.07% |
Historical analysis of Aflac Incorporated income statement accounts such as Total Revenue of 14.3 B, Gross Profit of 14.3 B or Other Operating Expenses of 3 B can show how well Aflac Incorporated performed in making a profits. Evaluating Aflac Incorporated income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Aflac Incorporated's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Aflac Incorporated latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Aflac Incorporated is a good buy for the upcoming year.
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About Aflac Income Statement Analysis
Aflac Incorporated Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Aflac Incorporated shareholders. The income statement also shows Aflac investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Aflac Incorporated Income Statement Chart
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Total Revenue
Total revenue comprises all receipts Aflac Incorporated generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Gross Profit
Gross profit is a required income statement account that reflects total revenue of Aflac Incorporated minus its cost of goods sold. It is profit before Aflac Incorporated operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Aflac Incorporated. It is also known as Aflac Incorporated overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Operating Income
Operating Income is the amount of profit realized from Aflac Incorporated operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Aflac Incorporated is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.Most accounts from Aflac Incorporated's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Aflac Incorporated current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Aflac Incorporated. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census. For more information on how to buy Aflac Stock please use our How to buy in Aflac Stock guide.At this time, Aflac Incorporated's Selling General Administrative is quite stable compared to the past year.
| 2021 | 2022 | 2023 | 2024 (projected) | Total Revenue | 22.1B | 19.1B | 18.7B | 14.3B | Interest Expense | 238M | 226M | 195M | 107.4M |
Aflac Incorporated income statement Correlations
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Aflac Incorporated Account Relationship Matchups
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Aflac Incorporated income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Interest Expense | 228M | 242M | 238M | 226M | 195M | 107.4M | |
| Total Revenue | 22.3B | 22.1B | 22.1B | 19.1B | 18.7B | 14.3B | |
| Gross Profit | 22.3B | 22.1B | 22.1B | 18.9B | 18.7B | 14.3B | |
| Other Operating Expenses | 17.9B | 18.0B | 16.8B | 14.3B | 3.2B | 3.0B | |
| Operating Income | 4.4B | 4.2B | 5.3B | 5.1B | 15.5B | 16.3B | |
| Ebit | 4.4B | 4.2B | 5.3B | 5.1B | 5.5B | 5.7B | |
| Ebitda | 4.4B | 5.4B | 6.5B | 5.1B | 5.5B | 5.8B | |
| Total Operating Expenses | (17.9B) | (18.0B) | (16.8B) | (14.0B) | 3.2B | 3.3B | |
| Net Income | 3.3B | 4.8B | 4.3B | 4.4B | 4.7B | 4.9B | |
| Income Tax Expense | 1.1B | (619M) | 997M | 451M | 603M | 584.8M | |
| Income Before Tax | 4.4B | 4.2B | 5.3B | 4.9B | 5.3B | 2.7B | |
| Total Other Income Expense Net | (228M) | (242M) | (238M) | (11.0B) | (10.3B) | (9.8B) | |
| Cost Of Revenue | 14.6B | 14.6B | 14.5B | 275M | 316.3M | 300.4M | |
| Net Income Applicable To Common Shares | 3.3B | 4.8B | 4.3B | 4.2B | 4.8B | 2.6B | |
| Selling General Administrative | 273M | 240M | 287M | 3.0B | 2.9B | 3.1B | |
| Net Income From Continuing Ops | 3.3B | 4.8B | 4.3B | 4.2B | 4.4B | 3.8B | |
| Tax Provision | 1.1B | (619M) | 997M | 403M | 875M | 534.3M | |
| Interest Income | 228M | 242M | 238M | 226M | 203.4M | 195.3M | |
| Net Interest Income | (228M) | (242M) | (238M) | (226M) | (203M) | (213.2M) |
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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.