Arthur J. Gallagher & Co. (AJG) Financial Statements (2024 and earlier)

Company Profile

Business Address 2850 GOLF ROAD
ROLLING MEADOWS, IL 60008-4050
State of Incorp. IL
Fiscal Year End December 31
Industry (SIC) 6411 - Insurance Agents, Brokers, and Service (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 342403665605607681
Cash and cash equivalents 342403665605607681
Restricted cash and investments4,6224,0642,9102,0191,6301,624
Receivables      
Derivative instruments and hedges, assets     48
Other current assets1,4621,4511,1141,0741,024708
Other undisclosed current assets16,40911,7536,4365,4194,8542,150
Total current assets:22,83517,67011,1249,1188,1195,171
Noncurrent Assets
Operating lease, right-of-use asset347359374394
Property, plant and equipment576501451467437412
Intangible assets, net (including goodwill)9,4898,6666,1277,9376,3995,843
Goodwill9,4898,6666,1275,6194,6264,198
Intangible assets, net (excluding goodwill)    2,3191,7731,645
Derivative instruments and hedges     63
Regulated entity, other noncurrent assets    776
Deferred income tax assets1,2991,2291,086 
Other noncurrent assets990967770774574567
Other undisclosed noncurrent assets3,3723,9542,400939794896
Total noncurrent assets:16,07315,67511,20710,5178,2157,727
TOTAL ASSETS:38,90833,34522,33119,63516,33412,897
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Deferred revenue547521476434
Debt31024575706365290
Deferred rent credit     4
Derivative instruments and hedges, liabilities     182
Other liabilities      56
Deferred revenue and credits5
Other undisclosed current liabilities21,03115,9699,5847,7817,3074,560
Total current liabilities:21,88816,73510,1358,9217,6944,912
Noncurrent Liabilities
Long-term debt and lease obligation5,5636,1204,5874,1573,0912,692
Long-term debt, excluding current maturities5,5635,8104,2663,8163,0912,692
Liabilities, other than long-term debt2,2671,9301,3771,3419421,128
Deferred revenue63596670
Liability, pension and other postretirement and postemployment benefits     33 
Other liabilities1,9041,8721,3111,2729011,128
Operating lease, liability300309321341
Derivative instruments and hedges, liabilities     8 
Other undisclosed noncurrent liabilities     37 
Total noncurrent liabilities:7,8308,0505,9645,4984,0713,820
Total liabilities:29,71824,78516,09914,41911,7648,733
Equity
Equity, attributable to parent9,1448,5086,1865,1564,4994,105
Common stock212209194188184181
Additional paid in capital6,5106,1444,2643,8263,5423,388
Accumulated other comprehensive loss(1,140)(726)(644)(760)(786)(560)
Retained earnings3,5622,8822,3721,9011,5591,096
Equity, attributable to noncontrolling interest475247607160
Total equity:9,1908,5606,2335,2164,5704,165
TOTAL LIABILITIES AND EQUITY:38,90833,34522,33119,63516,33412,897

Income Statement (P&L) ($ in millions)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues8,5518,2097,0047,1956,9346,160
Financial services revenue1,640
Cost of revenue(5,893)(6,162)(5,226)(5,500)(5,551)(1,636)
Cost of goods and services sold (23)(1,173)(882)(1,353)(1,816)(1,636)
Gross profit:2,6582,0481,7771,6951,3834,524
Operating expenses(1,331)(1,072)(907)(1,069)(904) 
Operating income:1,3279758716264794,524
Nonoperating income (expense)   (9)6511 
Investment income, nonoperating   (6)728 
Gain (loss), foreign currency transaction, before tax   (3)(7)3 
Interest and debt expense(257)(242)(196)(180)(138)(124)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes   206115127(4,022)
Income from continuing operations before equity method investments, income taxes:1,070733871626479378
Other undisclosed income from continuing operations before income taxes257242    
Income from continuing operations before income taxes:1,327975871626479378
Income tax expense (benefit)(211)(20)(13)90197121
Income from continuing operations:1,116955858716676499
Income before gain (loss) on sale of properties:955858716676499
Net income:1,116955858716676499
Net income (loss) attributable to noncontrolling interest(2)(48)(39)(47)(42)(36)
Net income available to common stockholders, diluted:1,114907819669634463

Comprehensive Income ($ in millions)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:1,116955858716676499
Other comprehensive income (loss)9945(73)7(6)7
Other undisclosed comprehensive income (loss)(513)(128)18919(218)197
Comprehensive income:702873974742452703
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(2)(50)(40)(47)(40)(37)
Comprehensive income, net of tax, attributable to parent:700823934695412666

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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