Aflac Incorporated (AFL)

Aflac Income Statement

Financials in millions USD. Fiscal year is January - December.

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	19,336	18,701	19,140	21,554	22,147	22,307
Revenue Growth (YoY)	3.03%	-2.29%	-11.20%	-2.68%	-0.72%	2.52%
Cost of Revenue	8,071	8,211	8,887	10,476	11,796	11,942
Gross Profit	11,265	10,490	10,253	11,078	10,351	10,365
Selling, General & Admin	4,981	5,033	5,158	5,632	5,950	5,692
Operating Expenses	4,981	5,033	5,158	5,632	5,950	5,692
Operating Income	6,284	5,457	5,095	5,446	4,401	4,673
Interest Expense / Income	194	195	226	238	242	228
Pretax Income	6,090	5,262	4,869	5,208	4,159	4,445
Income Tax	740	603	451	977	-619	1,141
Net Income	5,350	4,659	4,418	4,231	4,778	3,304
Net Income Growth	17.35%	5.45%	4.42%	-11.45%	44.61%	13.15%
Shares Outstanding (Basic)	575	596	635	674	714	742
Shares Outstanding (Diluted)	577	599	638	677	716	746
Shares Change	-5.94%	-6.10%	-5.77%	-5.51%	-4.05%	-3.64%
EPS (Basic)	9.14	7.81	6.96	6.28	6.69	4.45
EPS (Diluted)	9.10	7.78	6.93	6.25	6.67	4.43
EPS Growth	24.83%	12.27%	10.88%	-6.30%	50.56%	17.51%
Free Cash Flow	3,331	3,190	3,879	5,051	5,958	5,455
Free Cash Flow Per Share	5.79	5.35	6.11	7.50	8.35	7.35
Dividend Per Share	1.760	1.680	1.600	1.320	1.120	1.080
Dividend Growth	8.64%	5.00%	21.21%	17.86%	3.70%	3.85%
Gross Margin	58.26%	56.09%	53.57%	51.40%	46.74%	46.47%
Operating Margin	32.50%	29.18%	26.62%	25.27%	19.87%	20.95%
Profit Margin	27.67%	24.91%	23.08%	19.63%	21.57%	14.81%
Free Cash Flow Margin	17.23%	17.06%	20.27%	23.43%	26.90%	24.45%
Effective Tax Rate	12.15%	11.46%	9.26%	18.76%	-14.88%	25.67%
EBITDA	6,284	5,457	5,095	5,446	4,401	4,673
EBITDA Margin	32.50%	29.18%	26.62%	25.27%	19.87%	20.95%
EBIT	6,284	5,457	5,095	5,446	4,401	4,673
EBIT Margin	32.50%	29.18%	26.62%	25.27%	19.87%	20.95%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).