Willis Towers Watson Public Limited Company (WTW) Financial Statements (2024 and earlier)

Company Profile

Business Address C/O WILLIS GROUP LIMITED
LONDON ENGLAND, EC3M 7DQ
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
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,6021,1351,2621,4961,9202,198
Cash and cash equivalents1,6021,1351,2621,4961,9202,198
Receivables2,2062,3382,4762,0822,2012,302
Capitalized contract cost 6771636464
Funds held for clients8,60812,21311,77211,19011,98811,631
Disposal group, including discontinued operation    557
Other current assets 4354614947
Other undisclosed current assets401150200154143163
Total current assets:12,81715,94615,83515,05116,37016,412
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization   4   
Operating lease, right-of-use asset570577586584621701
Property, plant and equipment725723718701744817
Long-term investments and receivables879441314
Accounts and financing receivable, after allowance for credit loss879441314
Intangible assets, net (including goodwill)12,34812,40512,44612,40312,56612,692
Goodwill10,20210,19310,17310,08910,15810,200
Intangible assets, net (excluding goodwill)2,1462,2122,2732,3142,4082,492
Contract with customer, asset, after allowance for credit loss792787 620599569
Other noncurrent assets1,4201,3921,3571,2441,2061,227
Other undisclosed noncurrent assets9369814344390409
Total noncurrent assets:15,95615,96015,93415,94016,13916,429
TOTAL ASSETS:28,77331,90631,76930,99132,50932,841
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 1,0891,0661,0651,0101,030969
Employee-related liabilities676543
Accounts payable 1,0161,002975876900926
Accrued liabilities 7364906765 
Debt899250254250 599
Deferred compensation liability 199   185 
Disposal group, including discontinued operation    65647
Other liabilities6528147168519691,137
Other undisclosed current liabilities9,13012,75912,74411,94612,44412,202
Total current liabilities:11,96914,88914,77914,12214,69214,914
Noncurrent Liabilities
Long-term debt and lease obligation4,5654,4724,4715,0785,3654,690
Long-term debt, excluding current maturities4,5654,4724,4714,4704,7203,975
Liabilities, other than long-term debt2,3622,3692,4261,8782,0352,162
Accounts payable and accrued liabilities676761596469
Deferred income tax liabilities721736748758804835
Liability, pension and other postretirement and postemployment benefits452457480552638698
Estimated litigation liability319299296306314316
Other liabilities201200221203215244
Operating lease, liability602610620608645715
Total noncurrent liabilities:6,9276,8416,8976,9567,4006,852
Total liabilities:18,89621,73021,67621,07822,09221,766
Equity
Equity, attributable to parent9,79910,09610,0169,83810,33711,004
Treasury stock, value   (3)(3)(3)(3)
Additional paid in capital10,91010,89010,87610,85510,85510,826
Accumulated other comprehensive loss(2,540)(2,568)(2,621)(2,720)(2,486)(2,242)
Retained earnings1,4291,7741,7641,7061,9712,423
Equity, attributable to noncontrolling interest788077758071
Total equity:9,87710,17610,0939,91310,41711,075
TOTAL LIABILITIES AND EQUITY:28,77331,90631,76930,99132,50932,841

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

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues2,1592,2442,7221,9532,0312,160
Cost of revenue(1,503)(1,425)(1,318)(1,335)(1,361)(1,262)
Gross profit:6568191,404618670898
Operating expenses(514)(534)(696)(464)(533)(719)
Operating income:142285708154137179
Nonoperating income3525220859327
Gain, foreign currency transaction, before tax   137   
Other nonoperating income352583859327
Interest and debt expense(57)(54)(54)(54)(51)(49)
Income from continuing operations before equity method investments, income taxes:120256874185179157
Income from equity method investments   4   
Other undisclosed loss from continuing operations before income taxes   (141)   
Income from continuing operations before income taxes:120256737185179157
Income tax expense(24)(50)(131)(1)(19)(43)
Income from continuing operations:96206606184160114
Income before gain (loss) on sale of properties:192114125
Income (loss) from discontinued operations   (13)8(46)11
Net income:96206593192114125
Net loss attributable to noncontrolling interest(2)(3)(5)(2)(5)(3)
Net income available to common stockholders, diluted:94203588190109122

Comprehensive Income ($ in millions)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income:96206593192114125
Other undisclosed comprehensive income (loss)285398(234)(244)(56)
Comprehensive income (loss):124259691(42)(130)69
Comprehensive loss, net of tax, attributable to noncontrolling interest(2)(3)(4)(2)(5)(3)
Comprehensive income (loss), net of tax, attributable to parent:122256687(44)(135)66

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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