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)

12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments9831,1521,2911,142943983
Cash and cash equivalents8089521,119690692740
Short-term investments175200172452251243
Restricted cash and investments115115117115144153
Receivables3,3003,7643,7133,0352,9713,648
Funds held for clients7,2307,5387,0676,3866,5036,451
Other current assets877840511646563672
Other undisclosed current assets8,62010,5409,4459,3998,05210,260
Total current assets:21,12523,94922,14420,72319,17622,167
Noncurrent Assets
Operating lease, right-of-use asset646678684699668704
Property, plant and equipment652639605558510505
Intangible assets, net (including goodwill)8,4978,6288,7448,7398,4358,786
Goodwill8,2458,3608,3198,2927,9798,295
Intangible assets, net (excluding goodwill)252268425447456491
Deferred income tax assets1,022963897824819771
Other noncurrent assets497501507509475503
Other undisclosed noncurrent assets6736916726521,1401,284
Total noncurrent assets:11,98712,10012,10911,98112,04712,553
TOTAL ASSETS:33,11236,04934,25332,70431,22334,720
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:1,7491,6251,6812,1141,7981,728
Accrued liabilities1,2231,219991911809948
Other undisclosed accounts payable and accrued liabilities5264066901,203989780
Debt1,2821,338775945711739
Other liabilities1,7261,7931,5101,3471,4801,746
Other undisclosed current liabilities15,96518,19316,62915,90014,69916,864
Total current liabilities:20,72222,94920,59520,30618,68821,077
Noncurrent Liabilities
Long-term debt and lease obligation9,9699,98910,5779,82510,78310,357
Long-term debt, excluding current maturities9,9699,98910,5779,82510,1169,666
Liabilities, other than long-term debt2,9072,9493,0233,0022,4222,498
Deferred income tax liabilities11712011099332364
Liability, pension and other postretirement and postemployment benefits1,1461,1591,1691,1861,2371,277
Other liabilities1,0049951,0631,024853857
Operating lease, liability640675681693667691
Total noncurrent liabilities:12,87612,93813,60012,82713,20512,855
Total liabilities:33,59835,88734,19533,13331,89333,932
Equity
Equity, attributable to parent(586)65(70)(529)(783)684
Common stock222222
Additional paid in capital7,0156,9066,8606,8646,7726,669
Accumulated other comprehensive loss(4,579)(4,338)(4,544)(4,623)(4,919)(4,260)
Accumulated deficit(3,024)(2,505)(2,388)(2,772)(2,638)(1,727)
Equity, attributable to noncontrolling interest10097128100113104
Total equity:(486)16258(429)(670)788
TOTAL LIABILITIES AND EQUITY:33,11236,04934,25332,70431,22334,720

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

12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
Revenues2,9533,1773,8713,1302,6962,983
Cost of revenue(2,044)(2,136)(2,177)(1,878)(1,779)(1,995)
Gross profit:9091,0411,6941,252917988
Operating expenses(218)(199)(221)(240)(327)(288)
Operating income:6918421,4731,012590700
Nonoperating income (expense)(12)(37)(19)(146)4027
Investment income, nonoperating9  18  
Gain (loss), foreign currency transaction, before tax  (37)(19)(39)4027
Other nonoperating expense(21)  (125)  
Interest and debt expense(119)(130)(111)(110)(103)(102)
Income from continuing operations before equity method investments, income taxes:5606751,343756527625
Other undisclosed income (loss) from continuing operations before income taxes  (17)(1)(47)(17)8
Income from continuing operations before income taxes:5606581,342709510633
Income tax expense(93)(83)(263)(43)(92)(119)
Income from continuing operations:4675751,079666418514
Income before gain (loss) on sale of properties:418514
Net income:4675751,079666418514
Net loss attributable to noncontrolling interest(11)(15)(29)(9)(10)(13)
Net income available to common stockholders, diluted:4565601,050657408501

Comprehensive Income ($ in millions)

12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
Net income:4675751,079666418514
Other comprehensive income (loss)(242)20679296(658)(417)
Comprehensive income (loss):2257811,158962(240)97
Comprehensive loss, net of tax, attributable to noncontrolling interest(10)(15)(29)(9)(11)(13)
Comprehensive income (loss), net of tax, attributable to parent:2157661,129953(251)84

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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