Arthur J. Gallagher & Co. (AJG) financial statements (2021 and earlier)

Company profile

Business Address 2850 GOLF ROAD
ROLLING MEADOWS, IL 60008-4050
State of Incorp. IL
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
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments665605607681546480314
Cash and cash equivalents665605607681546480314
Restricted cash and investments2,9102,0191,6301,6241,3921,4121,368
Prepaid expense      72
Derivative instruments and hedges, assets  4813  
Deferred tax assets    102
Other current assets1,1141,0741,024708634709667
Other undisclosed current assets6,4365,4194,8542,1501,8321,7341,288
Total current assets:11,1249,1188,1195,1714,4164,3363,811
Noncurrent Assets
Operating lease, right-of-use asset374394
Property, plant and equipment451467437412378203195
Intangible assets, net (including goodwill)6,1277,9376,3995,8435,3955,3625,226
Goodwill6,1275,6194,6264,1983,7683,6633,450
Intangible assets, net (excluding goodwill) 2,3191,7731,6451,6271,6991,776
Derivative instruments and hedges  631  
Regulated entity, other noncurrent assets 7765  
Deferred income tax assets1,086 
Other noncurrent assets770774574567504492385
Other undisclosed noncurrent assets2,400939794896790521393
Total noncurrent assets:11,20710,5178,2157,7277,0746,5786,199
TOTAL ASSETS:22,33119,63516,33412,89711,49010,91410,010
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Deferred revenue476434
Debt75706365290578245140
Deferred rent credit  4
Derivative instruments and hedges, liabilities  18212  
Deferred revenue and credits58(9)(9)
Other liabilities   56715962
Other undisclosed current liabilities9,5847,7817,3074,5603,9433,8973,450
Total current liabilities:10,1358,9217,6944,9124,6124,1923,643
Noncurrent Liabilities
Long-term debt and lease obligation4,5874,1573,0912,6922,1452,0752,125
Long-term debt, excluding current maturities4,2663,8163,0912,6922,1452,0752,125
Operating lease, liability321341
Liabilities, other than long-term debt1,3771,3419421,1281,0789591,068
Deferred revenue6670
Liability, pension and other postretirement and postemployment benefits  33   55
Other liabilities1,3111,2729011,1281,0789591,013
Derivative instruments and hedges, liabilities  8    
Other undisclosed noncurrent liabilities  37   (55)
Total noncurrent liabilities:5,9645,4984,0713,8203,2223,0343,138
Total liabilities:16,09914,41911,7648,7337,8347,2266,781
Stockholders' equity
Stockholders' equity attributable to parent6,1865,1564,4994,1053,5973,6383,229
Common stock194188184181178177165
Additional paid in capital4,2643,8263,5423,3883,2663,2092,649
Accumulated other comprehensive loss(644)(760)(786)(560)(764)(523)(261)
Retained earnings2,3721,9011,5591,096916775676
Stockholders' equity attributable to noncontrolling interest476071605950 
Total stockholders' equity:6,2335,2164,5704,1653,6563,6883,229
TOTAL LIABILITIES AND EQUITY:22,33119,63516,33412,89711,49010,91410,010

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues7,0047,1956,9346,1605,5955,3924,627
Financial services revenue1,6401,4991,4391,266
Cost of revenue(5,226)(5,500)(5,551)(1,636)(1,409)(1,352)(1,059)
Cost of goods and services sold(882)(1,353)(1,816)(1,636)(1,409)(1,352) 
Gross profit:1,7771,6951,3834,5244,1864,0413,568
Operating expenses(907)(1,069)(904)   (767)
Operating income:8716264794,5244,1864,0412,800
Nonoperating income (expense)(9)6511   65
Investment income, nonoperating(6)728   64
Foreign currency transaction gain (loss), before tax(3)(7)3   1
Interest and debt expense(196)(180)(138)(124)(110)(103)(89)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes206115127(4,022)(3,720)(3,644)(2,509)
Income from continuing operations before income taxes:871626479378357294267
Income tax expense (benefit)(13)90197121889636
Net income:858716676499445389303
Net loss attributable to noncontrolling interest(39)(47)(42)(36)(31)(32) 
Net income available to common stockholders, diluted:819669634463414357303

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:858716676499445389303
Other comprehensive income (loss)(73)7(6)7(2)1(93)
Other undisclosed comprehensive income (loss)18919(218)197(239)(296) 
Comprehensive income:97474245270320495210
Comprehensive loss, net of tax, attributable to noncontrolling interest(40)(47)(40)(37)(35)(26) 
Other undisclosed comprehensive loss, net of tax, attributable to parent      (165)
Comprehensive income, net of tax, attributable to parent:9346954126661696945

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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