Arthur J. Gallagher & Co. (AJG) financial statements (2020 and earlier)

Company profile

Business Address 2850 GOLF ROAD
ROLLING MEADOWS, IL 60008-4002
State of Incorp. DE
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)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments605579512872607605652
Cash and cash equivalents605579512872607605652
Restricted cash and investments2,0192,0282,0341,6691,6301,6561,693
Derivative instruments and hedges, assets    4147
Other current assets1,0741,0379938761,024952878
Other undisclosed current assets5,4195,6856,0086,2534,8544,8585,135
Total current assets:9,1189,3299,5479,6708,1198,0848,365
Noncurrent Assets
Operating lease, right-of-use asset394385  
Property, plant and equipment467459458450437429428
Intangible assets, net (including goodwill)7,9377,3887,2516,6426,3996,2736,135
Goodwill5,6195,3155,2424,8014,6264,5014,404
Intangible assets, net (excluding goodwill)2,3192,0742,0091,8411,7731,7721,731
Derivative instruments and hedges    601
Regulated entity, other noncurrent assets7778777
Other noncurrent assets774661670631574585587
Other undisclosed noncurrent assets9399461,2671,231794736709
Total noncurrent assets:10,5179,8459,6538,9628,2158,0317,866
TOTAL ASSETS:19,63519,17419,20018,63116,33416,11516,231
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Deferred revenue434421  
Debt706573425360365230235
Deferred rent credit    4  
Derivative instruments and hedges, liabilities    1854
Other undisclosed current liabilities7,7817,9178,5088,2787,3077,1887,330
Total current liabilities:8,9218,9118,9338,6387,6947,4237,569
Noncurrent Liabilities
Long-term debt and lease obligation4,1574,1513,8163,6903,0913,1413,141
Long-term debt, excluding current maturities3,8163,8163,8163,6903,0913,1413,141
Operating lease, liability341335  
Liabilities, other than long-term debt1,3411,2001,102937942867934
Deferred revenue7073  
Liability, pension and other postretirement and postemployment benefits    33  
Other liabilities1,2721,1271,102937901862931
Derivative instruments and hedges, liabilities    843
Other undisclosed noncurrent liabilities  403408377274
Total noncurrent liabilities:5,4985,3515,3205,0354,0714,0794,149
Total liabilities:14,41914,26214,25313,67311,76411,50211,717
Stockholders' equity
Stockholders' equity attributable to parent5,1564,8434,8794,8804,4994,5454,444
Common stock188187186185184184183
Additional paid in capital3,8263,6983,6573,6063,5423,5173,446
Accumulated other comprehensive loss(760)(925)(803)(722)(786)(673)(651)
Retained earnings1,9011,8841,8391,8101,5591,5181,466
Stockholders' equity attributable to noncontrolling interest60696878716870
Total stockholders' equity:5,2164,9124,9484,9584,5704,6134,513
TOTAL LIABILITIES AND EQUITY:19,63519,17419,20018,63116,33416,11516,231

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

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Revenues1,7211,8251,6581,9911,6571,7791,660
Cost of revenue(1,357)(1,442)(1,295)(1,406)(1,377)(1,461)(1,334)
Cost of goods and services sold(281)(397)(292)(383)   
Gross profit:364383363584280318326
Operating expenses(280)(268)(258)(263)(237)(228)(223)
Operating income:841151063224390104
Nonoperating income65   11  
Investment income, nonoperating72   8  
Foreign currency transaction gain (loss), before tax(7)   3  
Interest and debt expense(48)(47)(45)(40)(37)(37)(34)
Other undisclosed income from continuing operations before equity method investments, income taxes115   127  
Income from continuing operations before equity method investments, income taxes:21668612821455470
Other undisclosed income (loss) from continuing operations before income taxes(132)474540(102)3734
Income from continuing operations before income taxes:841151063224390104
Income tax benefit22221630854820
Net income:106137121352128138124
Net loss attributable to noncontrolling interest(7)(11)(11)(18)(11)(11)(9)
Net income available to common stockholders, diluted:99126110334117128115

Comprehensive Income ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Net income:106137121352128138124
Other comprehensive income (loss) 0(0)(2)(7)  
Other undisclosed comprehensive income (loss)165(123)(81)66(105)(22)(152)
Comprehensive income (loss):271154041616116(28)
Comprehensive loss, net of tax, attributable to noncontrolling interest(10)(8)(11)(18)(12)(11)(3)
Comprehensive income (loss), net of tax, attributable to parent:2617293984105(32)

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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