Arthur J. Gallagher & Co. (AJG) financial statements (2023 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments403665605607681546480
Cash and cash equivalents403665605607681546480
Restricted cash and investments4,0642,9102,0191,6301,6241,3921,412
Derivative instruments and hedges, assets   4813 
Other current assets1,4511,1141,0741,024708634709
Other undisclosed current assets11,7536,4365,4194,8542,1501,8321,734
Total current assets:17,67011,1249,1188,1195,1714,4164,336
Noncurrent Assets
Operating lease, right-of-use asset359374394
Property, plant and equipment501451467437412378203
Intangible assets, net (including goodwill)8,6666,1277,9376,3995,8435,3955,362
Goodwill8,6666,1275,6194,6264,1983,7683,663
Intangible assets, net (excluding goodwill)  2,3191,7731,6451,6271,699
Derivative instruments and hedges   631 
Regulated entity, other noncurrent assets  7765 
Deferred income tax assets1,2291,086 
Other noncurrent assets967770774574567504492
Other undisclosed noncurrent assets3,9542,400939794896790521
Total noncurrent assets:15,67511,20710,5178,2157,7277,0746,578
TOTAL ASSETS:33,34522,33119,63516,33412,89711,49010,914
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Deferred revenue521476434
Debt24575706365290578245
Deferred rent credit   4
Derivative instruments and hedges, liabilities   18212 
Deferred revenue and credits58(9)
Other liabilities    567159
Other undisclosed current liabilities15,9699,5847,7817,3074,5603,9433,897
Total current liabilities:16,73510,1358,9217,6944,9124,6124,192
Noncurrent Liabilities
Long-term debt and lease obligation6,1204,5874,1573,0912,6922,1452,075
Long-term debt, excluding current maturities5,8104,2663,8163,0912,6922,1452,075
Operating lease, liability309321341
Liabilities, other than long-term debt1,9301,3771,3419421,1281,078959
Deferred revenue596670
Liability, pension and other postretirement and postemployment benefits   33   
Other liabilities1,8721,3111,2729011,1281,078959
Derivative instruments and hedges, liabilities   8   
Other undisclosed noncurrent liabilities   37   
Total noncurrent liabilities:8,0505,9645,4984,0713,8203,2223,034
Total liabilities:24,78516,09914,41911,7648,7337,8347,226
Stockholders' equity
Stockholders' equity attributable to parent8,5086,1865,1564,4994,1053,5973,638
Common stock209194188184181178177
Additional paid in capital6,1444,2643,8263,5423,3883,2663,209
Accumulated other comprehensive loss(726)(644)(760)(786)(560)(764)(523)
Retained earnings2,8822,3721,9011,5591,096916775
Stockholders' equity attributable to noncontrolling interest52476071605950
Total stockholders' equity:8,5606,2335,2164,5704,1653,6563,688
TOTAL LIABILITIES AND EQUITY:33,34522,33119,63516,33412,89711,49010,914

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues8,2097,0047,1956,9346,1605,5955,392
Financial services revenue1,6401,4991,439
Cost of revenue(6,162)(5,226)(5,500)(5,551)(1,636)(1,409)(1,352)
Cost of goods and services sold(1,173)(882)(1,353)(1,816)(1,636)(1,409)(1,352)
Gross profit:2,0481,7771,6951,3834,5244,1864,041
Operating expenses(1,072)(907)(1,069)(904)   
Operating income:9758716264794,5244,1864,041
Nonoperating income (expense) (9)6511   
Investment income, nonoperating (6)728   
Foreign currency transaction gain (loss), before tax (3)(7)3   
Interest and debt expense(242)(196)(180)(138)(124)(110)(103)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes 206115127(4,022)(3,720)(3,644)
Income from continuing operations before equity method investments, income taxes:733871626479378357294
Other undisclosed income from continuing operations before income taxes242      
Income from continuing operations before income taxes:975871626479378357294
Income tax expense (benefit)(20)(13)901971218896
Net income:955858716676499445389
Net loss attributable to noncontrolling interest(48)(39)(47)(42)(36)(31)(32)
Net income available to common stockholders, diluted:907819669634463414357

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:955858716676499445389
Other comprehensive income (loss)45(73)7(6)7(2)1
Other undisclosed comprehensive income (loss)(128)18919(218)197(239)(296)
Comprehensive income:87397474245270320495
Comprehensive loss, net of tax, attributable to noncontrolling interest(50)(40)(47)(40)(37)(35)(26)
Comprehensive income, net of tax, attributable to parent:82393469541266616969

Statements sources

The financial statements are based on the company's filings with the 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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