Arthur J. Gallagher & Co. (AJG) financial statements (2021 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)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments665630350353605579512
Cash and cash equivalents665630350353605579512
Restricted cash and investments2,9102,8452,6532,2802,0192,0282,034
Other current assets1,1141,0238848001,0741,037993
Other undisclosed current assets6,4366,7036,8747,0945,4195,6856,008
Total current assets:11,12411,20010,76010,5279,1189,3299,547
Noncurrent Assets
Operating lease, right-of-use asset374346362375394385 
Property, plant and equipment451459461454467459458
Intangible assets, net (including goodwill)6,1278,0277,9827,8027,9377,3887,251
Goodwill6,1275,8325,7565,5555,6195,3155,242
Intangible assets, net (excluding goodwill) 2,1952,2262,2472,3192,0742,009
Regulated entity, other noncurrent assets   8777
Deferred income tax assets1,0861,0501,012    
Other noncurrent assets770733728674774661670
Other undisclosed noncurrent assets2,400  9969399461,267
Total noncurrent assets:11,20710,61510,54610,30910,5179,8459,653
TOTAL ASSETS:22,33121,81521,30620,83719,63519,17419,200
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Deferred revenue476466453423434421 
Debt75125225455706573425
Other undisclosed current liabilities9,5849,5269,1868,9607,7817,9178,508
Total current liabilities:10,13510,1179,8649,8388,9218,9118,933
Noncurrent Liabilities
Long-term debt and lease obligation4,5874,5584,6234,6354,1574,1513,816
Long-term debt, excluding current maturities4,2664,2664,3154,3153,8163,8163,816
Operating lease, liability321293308319341335 
Liabilities, other than long-term debt1,3771,3211,2841,2941,3411,2001,102
Deferred revenue666666687073 
Other liabilities1,3111,2561,2181,2261,2721,1271,102
Other undisclosed noncurrent liabilities      403
Total noncurrent liabilities:5,9645,8805,9085,9295,4985,3515,320
Total liabilities:16,09915,99715,77215,76614,41914,26214,253
Stockholders' equity
Stockholders' equity attributable to parent6,1865,7725,4895,0305,1564,8434,879
Common stock194192192190188187186
Additional paid in capital4,2644,1334,0513,9103,8263,6983,657
Accumulated other comprehensive loss(644)(870)(982)(1,231)(760)(925)(803)
Retained earnings2,3722,3172,2282,1611,9011,8841,839
Stockholders' equity attributable to noncontrolling interest47474641606968
Total stockholders' equity:6,2335,8185,5355,0705,2164,9124,948
TOTAL LIABILITIES AND EQUITY:22,33121,81521,30620,83719,63519,17419,200

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

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Revenues1,7041,8491,5841,8671,7211,8251,658
Cost of revenue(1,339)(1,436)(1,198)(1,253)(1,357)(1,442)(1,295)
Cost of goods and services sold(216)(319)(161)(185)(281)(397)(292)
Gross profit:365413387614364383363
Operating expenses(231)(203)(215)(258)(280)(268)(258)
Operating income:13421017235684115106
Nonoperating income (expense)(9)   65  
Investment income, nonoperating(6)   72  
Foreign currency transaction loss, before tax(3)   (7)  
Interest and debt expense(48)(48)(50)(51)(48)(47)(45)
Other undisclosed income from continuing operations before equity method investments, income taxes206   115  
Income from continuing operations before equity method investments, income taxes:2821611223062166861
Other undisclosed income (loss) from continuing operations before income taxes(149)485051(132)4745
Income from continuing operations before income taxes:13421017235684115106
Income tax expense (benefit)19(22)(10)(1)222216
Net income:153188162355106137121
Net loss attributable to noncontrolling interest(11)(11)(8)(9)(7)(11)(11)
Net income available to common stockholders, diluted:14217715434699126110

Comprehensive Income ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Net income:153188162355106137121
Other comprehensive income (loss)4298(121) 0(0)
Other undisclosed comprehensive income (loss)185103241(351)165(123)(81)
Comprehensive income (loss):380300411(116)2711540
Comprehensive loss, net of tax, attributable to noncontrolling interest(10)(12)(7)(10)(10)(8)(11)
Comprehensive income (loss), net of tax, attributable to parent:370288403(126)261729

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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