Brown & Brown, Inc. (BRO) financial statements (2021 and earlier)

Company profile

Business Address 300 N. BEACH STREET
DAYTONA BEACH, FL 32114
State of Incorp. FL
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)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments8361,088641402554507443
Cash and cash equivalents8171,070623386542498433
Short-term investments18181817121011
Restricted cash and investments455432439389421377382
Other current assets148118142125152133131
Other undisclosed current assets1,5201,5261,4831,3671,3671,5891,335
Total current assets:2,9583,1642,7052,2842,4952,6072,292
Noncurrent Assets
Operating lease, right-of-use asset187186190194184193 
Property, plant and equipment201188174159149129123
Intangible assets, net (including goodwill)5,4465,1014,9894,8144,6634,6264,451
Goodwill4,3964,1244,0233,8823,7463,7023,552
Intangible assets, net (excluding goodwill)1,050977965933917923900
Other noncurrent assets1501321211081059891
Other undisclosed noncurrent assets252522232728209
Total noncurrent assets:6,0085,6325,4965,2995,1285,0744,873
TOTAL ASSETS:8,9668,7958,2017,5827,6237,6817,165
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities562460486363438376358
Accounts payable19014719615210010499
Accrued liabilities372313290211338272259
Deferred revenue543841374138 
Debt706663102559755
Liability for uncertainty in income taxes0   0  
Contract with customer, liability42
Other undisclosed current liabilities1,6681,6771,6701,3891,5111,6391,452
Total current liabilities:2,3542,2402,2581,8912,0452,1491,907
Noncurrent Liabilities
Long-term debt and lease obligation2,1992,2151,7401,6601,6681,6911,427
Long-term debt, excluding current maturities2,0262,0431,5661,4831,5001,5141,427
Operating lease, liability173173174177168177 
Liabilities, other than long-term debt659638619245248222498
Deferred revenue   171718 
Contract with customer, liability17
Deferred tax liabilities, net311
Deferred income tax liabilities344333324    
Other liabilities315305296228231205170
Total noncurrent liabilities:2,8582,8532,3591,9051,9161,9131,924
Total liabilities:5,2125,0934,6183,7963,9614,0623,832
Stockholders' equity
Stockholders' equity attributable to parent3,7543,7023,5843,4803,3503,3153,181
Common stock30303030303030
Treasury stock, value(591)(544)(538)(538)(536)(507)(498)
Additional paid in capital795764749718716704653
Retained earnings3,5213,4523,3423,2693,1413,0882,995
Total stockholders' equity:3,7543,7023,5843,4803,3503,3153,181
Other undisclosed liabilities and equity   307311304153
TOTAL LIABILITIES AND EQUITY:8,9668,7958,2017,5827,6237,6817,165

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

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Insurance commissions and fees640671598697577617573
Gross profit:642674599698579619575
Operating expenses(511)(515)(469)(493)(477)(467)(452)
Operating income:131159129205102152124
Interest and debt expense(17)(13)(14)(15)(16)(16)(16)
Other undisclosed income from continuing operations before equity method investments, income taxes17131415161616
Income from continuing operations before income taxes:131159129205102152124
Income tax expense(34)(25)(33)(53)(26)(36)(31)
Net income attributable to parent:97134971527711693
Other undisclosed net loss available to common stockholders, basic(3)(4)(4)(5)(2)(4)(3)
Net income available to common stockholders, diluted:95130931477411290

Comprehensive Income ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Net income:97134971527711693
Comprehensive income, net of tax, attributable to parent:97134971527711693

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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