Marsh & McLennan Companies, Inc. (MMC) financial statements (2021 and earlier)

Company profile

Business Address 1166 AVENUE OF THE AMERICAS
NEW YORK, NY 10036
State of Incorp. DE
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 investments2,0892,3881,7111,4801,1551,2131,294
Cash and cash equivalents2,0892,3881,7111,4801,1551,2131,294
Receivables5,3265,2365,6475,5585,2365,1985,553
Other current assets740688739711677645679
Total current assets:8,1558,3128,0977,7497,0687,0567,526
Noncurrent Assets
Operating lease, right-of-use asset1,8941,8841,8821,8851,9211,957 
Property, plant and equipment856864866850858816799
Long-term investments and receivables280   434 439
Long-term investments280   434 439
Intangible assets, net (including goodwill)18,21617,74517,55817,07517,44517,15520,645
Goodwill15,51715,03414,79714,41214,67114,28614,479
Intangible assets, net (excluding goodwill)2,6992,7112,7612,6632,7742,8696,166
Deferred income tax assets702623618694676603 
Other noncurrent assets1,4581,4281,4761,5191,7571,6531,764
Other undisclosed noncurrent assets1,4881,8251,6721,6191,1981,857943
Total noncurrent assets:24,89424,36924,07223,64224,28924,04124,590
TOTAL ASSETS:33,04932,68132,16931,39131,35731,09732,116
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:3,0502,6622,6682,6112,7462,4792,600
Employee-related liabilities2,4001,7621,3451,0182,1971,7621,375
Taxes payable247318367256179251165
Interest and dividends payable 237 231 232232
Other undisclosed accounts payable and accrued liabilities4033459561,106370234828
Debt5171,2161,2162,4091,2151,1391,663
Other undisclosed current liabilities2,9892,6522,0441,8392,7182,5862,119
Total current liabilities:6,5566,5305,9286,8596,6796,2046,382
Noncurrent Liabilities
Long-term debt and lease obligation, including:10,79613,43413,88713,12910,74113,38611,459
Long-term debt, excluding current maturities10,79611,53211,98511,23110,74111,42911,459
Operating lease, liability1,9241,9021,9021,8981,9261,957 
Other undisclosed long-term debt and lease obligation(1,924)   (1,926)  
Liabilities, other than long-term debt4,1473,6133,6123,6093,7333,3863,638
Liability, pension and other postretirement and postemployment benefits2,6622,1632,1972,2482,3361,9982,044
Other liabilities1,4851,4501,4151,3611,3971,3881,594
Other undisclosed noncurrent liabilities2,2903523503432,2613242,300
Total noncurrent liabilities:17,23317,39917,84917,08116,73517,09617,397
Total liabilities:23,78923,92923,77723,94023,41423,30023,779
Stockholders' equity
Stockholders' equity attributable to parent9,1048,5918,2267,2957,7937,6208,065
Common stock561561561561561561561
Treasury stock, value(3,562)(3,606)(3,627)(3,655)(3,774)(3,617)(3,446)
Additional paid in capital943882814746862796736
Accumulated other comprehensive loss(5,110)(5,148)(5,582)(5,847)(5,055)(4,931)(4,527)
Retained earnings16,27215,90216,06015,49015,19914,81114,741
Stockholders' equity attributable to noncontrolling interest156161166156150177272
Total stockholders' equity:9,2608,7528,3927,4517,9437,7978,337
TOTAL LIABILITIES AND EQUITY:33,04932,68132,16931,39131,35731,09732,116

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
Gross profit:4,4163,9684,1894,6514,2643,9684,349
Operating expenses(3,845)(3,428)(3,304)(3,581)(3,672)(3,501)(3,669)
Operating income:5715408851,070592467680
Nonoperating income (expense)
(Investment Income, Nonoperating)
27(13)(29) 278
Interest and debt expense(128)(128)(132)(127)(130)(133)(173)
Other undisclosed income from continuing operations before equity method investments, income taxes257   296  
Income from continuing operations before equity method investments, income taxes:727399724943760341515
Income from equity method investments    12  
Other undisclosed income (loss) from continuing operations before income taxes(187)606364(241)7335
Income from continuing operations before income taxes:5404597871,007531414550
Income tax expense(161)(139)(207)(240)(135)(108)(206)
Net income:379320580767396306344
Net loss attributable to noncontrolling interest(5)(4)(8)(13)(5)(3)(12)
Net income available to common stockholders, diluted:374316572754391303332

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:379320580767396306344
Other comprehensive income (loss)38434265(792)(124)(404)63
Comprehensive income (loss):417754845(25)272(98)407
Comprehensive loss, net of tax, attributable to noncontrolling interest(5)(4)(8)(13)(5)(3)(12)
Comprehensive income (loss), net of tax, attributable to parent:412750837(38)267(101)395

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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