Marsh & McLennan Companies, Inc. (MMC) Financial Statements (2024 and earlier)

Company Profile

Business Address 1166 AVENUE OF THE AMERICAS
NEW YORK, NY 10036
State of Incorp. DE
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 investments1,4421,7522,0891,1551,0661,205
Cash and cash equivalents1,4421,7522,0891,1551,0661,205
Restricted cash and investments      
Receivables5,8525,5865,3265,2364,3174,133
Other current assets1,005926740677551224
Other undisclosed current assets      
Total current assets:8,2998,2648,1557,0685,9345,562
Noncurrent Assets
Operating lease, right-of-use asset1,5621,8681,8941,921
Property, plant and equipment871847856858701712
Long-term investments and receivables 215207280434287405
Long-term investments 215207280434287405
Intangible assets, net (including goodwill), including:18,78819,12718,21617,44511,0369,089
Goodwill16,25116,31715,51714,6719,5999,089
Intangible assets, net (excluding goodwill)2,5372,8102,6992,7741,4371,274
Other undisclosed intangible assets, net (including goodwill)      (1,274)
Deferred income tax assets358551702676
Other noncurrent assets1,4491,4611,4581,7571,5391,430
Other undisclosed noncurrent assets1,9122,0631,4881,1982,0813,231
Total noncurrent assets:25,15526,12424,89424,28915,64414,867
TOTAL ASSETS:33,45434,38833,04931,35721,57820,429
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:3,2783,1653,0502,7462,2342,083
Taxes payable198247179157199
Employee-related liabilities2,9422,4002,1971,7781,718
Accrued liabilities3,316     
Other undisclosed accounts payable and accrued liabilities(38)25403370299166
Debt268175171,215314262
Other undisclosed current liabilities3,6263,4722,9892,7182,3761,917
Total current liabilities:7,1726,6546,5566,6794,9244,262
Noncurrent Liabilities
Long-term debt and lease obligation, including:11,22710,93310,79610,7415,5105,225
Long-term debt, excluding current maturities11,22710,93310,79610,741  
Other undisclosed long-term debt and lease obligation  (1,880)(1,924)(1,926)5,5105,225
Liabilities, other than long-term debt3,9513,3444,1473,7333,2733,199
Liability, pension and other postretirement and postemployment benefits9211,6322,6622,3361,9111,888
Other liabilities1,3631,7121,4851,3971,3621,311
Operating lease, liability1,6671,8801,9241,926
Other undisclosed noncurrent liabilities3552,2352,2902,261287301
Total noncurrent liabilities:15,53316,51217,23316,7359,0708,725
Total liabilities:22,70523,16623,78923,41413,99412,987
Equity
Equity, attributable to parent10,52011,0099,1047,7937,5117,359
Common stock561561561561561561
Treasury stock, value(6,207)(4,478)(3,562)(3,774)(3,567)(3,083)
Additional paid in capital1,1791,112943862817784
Accumulated other comprehensive loss(5,314)(4,575)(5,110)(5,055)(4,647)(4,043)
Retained earnings20,30118,38916,27215,19914,34713,140
Equity, attributable to noncontrolling interest2292131561507383
Total equity:10,74911,2229,2607,9437,5847,442
TOTAL LIABILITIES AND EQUITY:33,45434,38833,04931,35721,57820,429

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
Revenues20,72019,82017,22416,65214,95014,024
Revenue, net14,024
Gross profit:20,72019,82017,22416,65214,95014,024
Operating expenses(16,440)(15,508)(14,158)(13,975)(12,189)(11,168)
Operating income:4,2804,3123,0662,6772,7612,856
Nonoperating income (expense)
(Investment Income, Nonoperating)
(3)330(15)22(24)15
Interest and debt expense(469)(444)(515)(556)(290)(237)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes27410257296(203)9
Income from continuing operations before equity method investments, income taxes:4,0824,2082,7932,4392,2442,643
Income from equity method investments    12  
Other undisclosed income (loss) from continuing operations before income taxes   (12)  
Income from continuing operations before income taxes:4,0824,2082,7932,4392,2442,643
Income tax expense(995)(1,034)(747)(666)(574)(1,133)
Income from continuing operations:3,0873,1742,0461,7731,6701,510
Income before gain (loss) on sale of properties:3,1742,0461,7731,6701,512
Income from discontinued operations      2
Net income:3,0873,1742,0461,7731,6701,512
Net loss attributable to noncontrolling interest(37)(31)(30)(31)(20)(20)
Net income available to common stockholders, diluted:3,0503,1432,0161,7421,6501,492

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:3,0873,1742,0461,7731,6701,512
Other comprehensive income (loss)(739)535(55)(408)(590)1,050
Comprehensive income:2,3483,7091,9911,3651,0802,562
Comprehensive loss, net of tax, attributable to noncontrolling interest(37)(31)(30)(31)(20)(20)
Comprehensive income, net of tax, attributable to parent:2,3113,6781,9611,3341,0602,542

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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