Aon plc (AON) financial statements (2021 and earlier)
Company profile
Business Address |
THE LEADENHALL BUILDING LONDON, EC3V 4AN |
State of Incorp. | |
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 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | |||
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ASSETS | |||||||||
Current Assets | |||||||||
Cash, cash equivalents, and short-term investments | 928 | 828 | 1,285 | 721 | 740 | 768 | 1,000 | ||
Cash and cash equivalents | 790 | 656 | 756 | 431 | 384 | 374 | 477 | ||
Short-term investments | 138 | 172 | 529 | 290 | 356 | 394 | 523 | ||
Restricted cash and investments | 110 | 91 | 96 | 82 | 105 | ||||
Receivables | 3,112 | 2,760 | 2,478 | 2,589 | 2,734 | 2,815 | 2,896 | ||
Prepaid expense | 164 | 229 | |||||||
Deferred costs | 102 | 98 | |||||||
Other current assets | 602 | 618 | 289 | 351 | 566 | 602 | 563 | ||
Other undisclosed current assets | 11,724 | 10,075 | 9,529 | 9,403 | 9,827 | 11,372 | 11,544 | ||
Total current assets: | 16,476 | 14,372 | 13,677 | 13,146 | 13,972 | 15,823 | 16,330 | ||
Noncurrent Assets | |||||||||
Operating lease, right-of-use asset | 929 | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ||
Property, plant and equipment | 621 | 588 | 564 | 765 | 765 | 765 | 791 | ||
Long-term investments and receivables | 143 | 132 | |||||||
Long-term investments | 143 | 132 | |||||||
Intangible assets, net (including goodwill) | 8,948 | 9,320 | 10,091 | 10,970 | 10,628 | 11,380 | 11,575 | ||
Goodwill | 8,165 | 8,171 | 8,358 | 8,747 | 8,448 | 8,860 | 8,997 | ||
Intangible assets, net (excluding goodwill) | 783 | 1,149 | 1,733 | 2,223 | 2,180 | 2,520 | 2,578 | ||
Prepaid expense | 933 | 567 | |||||||
Deferred costs | 250 | 273 | |||||||
Deferred income tax assets | 645 | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ||
Other noncurrent assets | 570 | 448 | 307 | 554 | 625 | 1,517 | 1,230 | ||
Prepaid pension costs | ✕ | ✕ | ✕ | 858 | 1,033 | ||||
Other undisclosed noncurrent assets | 1,216 | (9,768) | (10,398) | (1,183) | (840) | ||||
Total noncurrent assets: | 12,929 | 588 | 564 | 13,147 | 13,051 | 13,805 | 13,728 | ||
Other undisclosed assets | 11,462 | 11,847 | 322 | 141 | 144 | 193 | |||
TOTAL ASSETS: | 29,405 | 26,422 | 26,088 | 26,615 | 27,164 | 29,772 | 30,251 | ||
LIABILITIES AND EQUITY | |||||||||
Liabilities | |||||||||
Current Liabilities | |||||||||
Accounts payable and accrued liabilities, including: | 1,939 | 10,166 | 9,625 | 9,485 | 1,772 | 1,805 | 1,931 | ||
Accrued liabilities | 513 | 602 | 420 | 402 | 331 | ||||
Taxes payable | 93 | 83 | 139 | 78 | 94 | 66 | 184 | ||
Other undisclosed accounts payable and accrued liabilities | 1,333 | 9,481 | 9,066 | 9,005 | 1,347 | 1,739 | 1,747 | ||
Debt | 712 | 251 | 299 | 336 | 562 | 783 | 703 | ||
Deferred revenue and credits | ✕ | ✕ | 408 | 475 | |||||
Deferred tax liabilities | ✕ | 2 | 48 | ||||||
Other liabilities | 1,086 | 936 | 870 | 873 | 820 | 788 | 906 | ||
Other undisclosed current liabilities | 11,834 | 1,943 | 1,961 | 1,801 | 9,932 | 11,228 | 11,348 | ||
Total current liabilities: | 15,571 | 13,296 | 12,755 | 12,495 | 13,086 | 15,014 | 15,411 | ||
Noncurrent Liabilities | |||||||||
Long-term debt and lease obligation | 7,571 | 5,993 | 5,667 | 5,869 | 5,175 | 4,983 | 3,890 | ||
Long-term debt, excluding current maturities | 6,627 | 5,993 | 5,667 | 5,869 | 5,175 | 4,799 | 3,686 | ||
Capital lease obligations | ✕ | 184 | 204 | ||||||
Operating lease, liability | 944 | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ||
Liabilities, other than long-term debt | 2,814 | 2,914 | 3,018 | 2,719 | 2,740 | 1,564 | 1,670 | ||
Deferred revenue and credits | ✕ | ✕ | 167 | 134 | |||||
Accrued income taxes | ✕ | ✕ | ✕ | ✕ | ✕ | 210 | 184 | ||
Deferred tax liabilities, net | ✕ | 181 | 127 | 101 | 176 | 313 | 420 | ||
Deferred income tax liabilities | 199 | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ||
Liability, pension and other postretirement and postemployment benefits | 1,738 | 1,636 | 1,789 | 1,774 | 1,795 | ✕ | |||
Other liabilities | 877 | 1,097 | 1,102 | 844 | 769 | 874 | 932 | ||
Other undisclosed noncurrent liabilities | 1,580 | 1,085 | |||||||
Total noncurrent liabilities: | 10,385 | 8,907 | 8,685 | 8,588 | 7,915 | 8,127 | 6,645 | ||
Total liabilities: | 25,956 | 22,203 | 21,440 | 21,083 | 21,001 | 23,141 | 22,056 | ||
Stockholders' equity | |||||||||
Stockholders' equity attributable to parent | 3,375 | 4,151 | 4,583 | 5,475 | 6,106 | 6,571 | 8,145 | ||
Common stock | 2 | 2 | 2 | 3 | 3 | 3 | 3 | ||
Additional paid in capital | 6,152 | 5,965 | 5,775 | 5,577 | 5,409 | 5,097 | 4,785 | ||
Accumulated other comprehensive loss | (4,033) | (3,909) | (3,496) | (3,912) | (3,423) | (3,134) | (2,374) | ||
Retained earnings | 1,254 | 2,093 | 2,302 | 3,807 | 4,117 | 4,605 | 5,731 | ||
Stockholders' equity attributable to noncontrolling interest | 74 | 68 | 65 | 57 | 57 | 60 | 50 | ||
Total stockholders' equity: | 3,449 | 4,219 | 4,648 | 5,532 | 6,163 | 6,631 | 8,195 | ||
TOTAL LIABILITIES AND EQUITY: | 29,405 | 26,422 | 26,088 | 26,615 | 27,164 | 29,772 | 30,251 |
Income statement (P&L) ($ in millions)
12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | ||
---|---|---|---|---|---|---|---|---|
Revenues | 11,013 | 10,770 | 9,998 | 11,627 | 11,682 | 12,045 | 11,815 | |
Cost of revenue | (7,641) | (7,088) | (1,121) | (2,183) | (2,299) | (2,246) | (2,275) | |
Gross profit: | 3,372 | 3,682 | 8,877 | 9,444 | 9,383 | 9,799 | 9,540 | |
Operating expenses | (1,203) | (2,138) | (7,898) | (7,538) | (7,535) | (7,833) | (7,869) | |
Operating income: | 2,169 | 1,544 | 979 | 1,906 | 1,848 | 1,966 | 1,671 | |
Nonoperating income (expense) | 1 | (25) | (39) | 36 | 100 | 96 | 100 | |
Investment income, nonoperating | 13 | (6) | (16) | 39 | 82 | 34 | 19 | |
Foreign currency transaction gain (loss), before tax | 9 | 25 | (37) | (2) | 30 | 18 | 13 | |
Other nonoperating income (expense) | (1) | 44 | 68 | |||||
Interest and debt expense | (307) | (278) | (282) | (282) | (273) | (255) | (210) | |
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes | 8 | 5 | 27 | 9 | 14 | (42) | (23) | |
Income from continuing operations before equity method investments, income taxes: | 1,871 | 1,246 | 685 | 1,669 | 1,689 | 1,765 | 1,538 | |
Income from equity method investments | 12 | 20 | ||||||
Income from continuing operations before income taxes: | 1,871 | 1,246 | 685 | 1,669 | 1,689 | 1,777 | 1,558 | |
Income tax expense | (297) | (146) | (250) | (239) | (267) | (334) | (390) | |
Other undisclosed loss from continuing operations | (12) | (20) | ||||||
Income from continuing operations: | 1,574 | 1,100 | 435 | 1,430 | 1,422 | 1,431 | 1,148 | |
Income (loss) from discontinued operations | (1) | 74 | 828 | |||||
Net income: | 1,573 | 1,174 | 1,263 | 1,430 | 1,422 | 1,431 | 1,148 | |
Net loss attributable to noncontrolling interest | (41) | (40) | (37) | (34) | (37) | (34) | (35) | |
Net income available to common stockholders, diluted: | 1,532 | 1,134 | 1,226 | 1,396 | 1,385 | 1,397 | 1,113 |
Comprehensive Income ($ in millions)
12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | ||
---|---|---|---|---|---|---|---|---|
Net income: | 1,573 | 1,174 | 1,263 | 1,430 | 1,422 | 1,431 | 1,148 | |
Other comprehensive income (loss) | (124) | (416) | 421 | (491) | (295) | (763) | 235 | |
Comprehensive income: | 1,449 | 758 | 1,684 | 939 | 1,127 | 668 | 1,383 | |
Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (41) | (36) | (42) | (32) | (31) | 31 | 34 | |
Other undisclosed comprehensive loss, net of tax, attributable to parent | (62) | (68) | ||||||
Comprehensive income, net of tax, attributable to parent: | 1,408 | 722 | 1,642 | 907 | 1,096 | 637 | 1,349 |
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.