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)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments7781,346342554524529
Cash and cash equivalents7781,346342554524529
Restricted cash and investments1742044,6224,7234,2664,110
Receivables3,7163,527    
Other current assets4182981,4621,5641,5031,273
Other undisclosed current assets31,75923,40316,40916,95618,45221,608
Total current assets:36,84628,77822,83523,79724,74427,519
Noncurrent Assets
Operating lease, right-of-use asset377355347348363382
Property, plant and equipment641581576561570505
Intangible assets, net (including goodwill)14,23413,1079,48911,89012,22712,605
Goodwill10,5149,7039,4898,8379,0368,728
Intangible assets, net (excluding goodwill)3,7203,404 3,0523,1913,878
Deferred income tax assets1,1591,2441,2991,1381,1371,169
Other noncurrent assets1,1091,029990934949980
Other undisclosed noncurrent assets   3,372   
Total noncurrent assets:17,52016,31616,07314,87115,24615,642
TOTAL ASSETS:54,36545,09438,90838,66839,99043,162
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Deferred revenue657626547525559578
Debt920675310440710250
Other undisclosed current liabilities34,01225,79521,03121,49222,23525,317
Total current liabilities:35,58927,09621,88822,45723,50526,145
Noncurrent Liabilities
Long-term debt and lease obligation6,0236,0225,5635,8645,8756,094
Long-term debt, excluding current maturities6,0236,0225,5635,5625,5625,761
Liabilities, other than long-term debt2,3142,1182,2671,7181,7491,879
Deferred revenue626263636365
Other liabilities1,9201,7451,9041,6551,6861,815
Operating lease, liability332311300302313333
Total noncurrent liabilities:8,3368,1407,8307,5827,6247,974
Total liabilities:43,92535,23629,71830,03931,12934,118
Equity
Equity, attributable to parent10,3969,8189,1448,5748,8098,989
Common stock216214212211210210
Additional paid in capital7,0186,7756,5106,3066,2676,232
Accumulated other comprehensive loss(883)(1,101)(1,140)(1,479)(1,057)(666)
Retained earnings4,0453,9303,5623,5363,3893,213
Equity, attributable to noncontrolling interest444147555354
Total equity:10,4409,8589,1908,6298,8629,043
TOTAL LIABILITIES AND EQUITY:54,36545,09438,90838,66839,99043,162

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

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues2,4422,7062,0282,0442,0432,435
Cost of revenue(1,711)(1,718)(1,538)(1,408)(1,367)(1,580)
Gross profit:731988490637676855
Operating expenses(434)(383)(368)(322)(324)(317)
Operating income:297606122315352538
Interest and debt expense(78)(68)(64)(64)(65)(64)
Income from continuing operations before equity method investments, income taxes:22053858251288474
Other undisclosed income from continuing operations before income taxes786864646564
Income from continuing operations before income taxes:297606122315352538
Income tax expense (benefit)(62)(119)14(59)(67)(99)
Income from continuing operations:236487136256285439
Income before gain (loss) on sale of properties:256285439
Net income:236487136256285439
Net loss attributable to noncontrolling interest(1)(0) (1)(1)(0)
Net income available to common stockholders, diluted:235487136256284439

Comprehensive Income ($ in millions)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income:236487136256285439
Other comprehensive income (loss)24528(20)2744
Other undisclosed comprehensive income (loss)19534311(401)(418)16
Comprehensive income (loss):454526474(165)(107)500
Comprehensive loss, net of tax, attributable to noncontrolling interest(2)(0) (0)(1)(1)
Other undisclosed comprehensive income, net of tax, attributable to parent  0    
Comprehensive income (loss), net of tax, attributable to parent:453526474(165)(107)499

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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