Aon plc (AON) Financial Statements (2024 and earlier)

Company Profile

Business Address METROPOLITAN BUILDING
DUBLIN 1, D01 K0Y8
State of Incorp.
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
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,1428361,1929288281,285
Cash and cash equivalents690544884790656756
Short-term investments452292308138172529
Restricted cash and investments1151601021109196
Receivables3,0353,0943,0703,1122,7602,478
Funds held for clients6,3866,101    
Other current assets646716624602618289
Other undisclosed current assets9,3998,12513,69611,72410,0759,529
Total current assets:20,72319,03218,68416,47614,37213,677
Noncurrent Assets
Operating lease, right-of-use asset699786911929
Property, plant and equipment558529599621588564
Intangible assets, net (including goodwill)8,7398,9269,3068,9489,32010,091
Goodwill8,2928,4348,6668,1658,1718,358
Intangible assets, net (excluding goodwill)4474926407831,1491,733
Deferred income tax assets824766724645
Other noncurrent assets509512610570448307
Other undisclosed noncurrent assets6521,3661,2801,216(9,768)(10,398)
Total noncurrent assets:11,98112,88513,43012,929588564
Other undisclosed assets     11,46211,847
TOTAL ASSETS:32,70431,91732,11429,40526,42226,088
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:2,1142,1922,0161,93910,1669,625
Taxes payable149809383139
Accrued liabilities911648561513602420
Other undisclosed accounts payable and accrued liabilities1,2031,3951,3751,3339,4819,066
Debt9451,164448712251299
Other liabilities1,3471,3311,1711,086936870
Other undisclosed current liabilities15,90014,38613,79811,8341,9431,961
Total current liabilities:20,30619,07317,43315,57113,29612,755
Noncurrent Liabilities
Long-term debt and lease obligation9,8259,0008,1787,5715,9935,667
Long-term debt, excluding current maturities9,8258,2287,2816,6275,9935,667
Liabilities, other than long-term debt3,0022,6862,9202,8142,9143,018
Deferred tax liabilities, net181127
Deferred income tax liabilities99401262199
Liability, pension and other postretirement and postemployment benefits1,1861,3751,7631,7381,6361,789
Other liabilities1,0249108958771,0971,102
Operating lease, liability693772897944
Total noncurrent liabilities:12,82711,68611,09810,3858,9078,685
Total liabilities:33,13330,75928,53125,95622,20321,440
Equity
Equity, attributable to parent(529)1,0613,4953,3754,1514,583
Common stock222222
Additional paid in capital6,8646,6246,3126,1525,9655,775
Accumulated other comprehensive loss(4,623)(3,871)(3,861)(4,033)(3,909)(3,496)
Retained earnings (accumulated deficit)(2,772)(1,694)1,0421,2542,0932,302
Equity, attributable to noncontrolling interest1009788746865
Total equity:(429)1,1583,5833,4494,2194,648
TOTAL LIABILITIES AND EQUITY:32,70431,91732,11429,40526,42226,088

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues12,47912,19311,06611,01310,7709,998
Cost of revenue(7,633)(8,940)(7,184)(7,641)(7,088)(1,121)
Gross profit:4,8463,2533,8823,3723,6828,877
Operating expenses(1,177)(1,163)(1,101)(1,203)(2,138)(7,898)
Operating income:3,6692,0902,7812,1691,544979
Nonoperating income (expense)(107)152131(25)(39)
Investment income, nonoperating18 2513(6)(16)
Gain (loss), foreign currency transaction, before tax 26(12)925(37)
Other nonoperating expense(125)     
Interest and debt expense(406)(322)(334)(307)(278)(282)
Other undisclosed income from continuing operations before equity method investments, income taxes  1158527
Income from continuing operations before equity method investments, income taxes:3,1561,9312,4651,8711,246685
Income from equity method investments  8    
Other undisclosed loss from continuing operations before income taxes (8)    
Income from continuing operations before income taxes:3,1561,9312,4651,8711,246685
Income tax expense(510)(623)(448)(297)(146)(250)
Income from continuing operations:2,6461,3082,0171,5741,100435
Income before gain (loss) on sale of properties:1,3082,0181,5731,1741,263
Income (loss) from discontinued operations   1(1)74828
Net income:2,6461,3082,0181,5731,1741,263
Net loss attributable to noncontrolling interest(57)(53)(49)(41)(40)(37)
Net income available to common stockholders, diluted:2,5891,2551,9691,5321,1341,226

Comprehensive Income ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:2,6461,3082,0181,5731,1741,263
Other comprehensive income (loss)(752)(11)175(124)(416)421
Comprehensive income:1,8941,2972,1931,4497581,684
Comprehensive loss, net of tax, attributable to noncontrolling interest(57)(52)(52)(41)(36)(42)
Comprehensive income, net of tax, attributable to parent:1,8371,2452,1411,4087221,642

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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