Arthur J. Gallagher & Co. (AJG) financial statements (2020 and earlier)
Company profile
| Business Address |
2850 GOLF ROAD ROLLING MEADOWS, IL 60008-4002 |
| 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)
| 9/30/2019 TTM | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 579 | 607 | 681 | 546 | 480 | 314 | 298 | ||
| Cash and cash equivalents | 579 | 607 | 681 | 546 | 480 | 314 | 298 | ||
| Restricted cash and investments | 2,028 | 1,630 | 1,624 | 1,392 | 1,412 | 1,368 | |||
| Prepaid expense | 72 | ||||||||
| Derivative instruments and hedges, assets | 4 | 8 | 13 | ||||||
| Deferred tax assets | ✕ | 102 | |||||||
| Other current assets | 1,037 | 1,024 | 708 | 634 | 709 | 667 | 261 | ||
| Other undisclosed current assets | 5,685 | 4,854 | 2,150 | 1,832 | 1,734 | 1,288 | 2,316 | ||
| Total current assets: | 9,329 | 8,119 | 5,171 | 4,416 | 4,336 | 3,811 | 2,876 | ||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 385 | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Property, plant and equipment | 459 | 437 | 412 | 378 | 203 | 195 | 160 | ||
| Intangible assets, net (including goodwill) | 7,388 | 6,399 | 5,843 | 5,395 | 5,362 | 5,226 | 3,224 | ||
| Goodwill | 5,315 | 4,626 | 4,198 | 3,768 | 3,663 | 3,450 | 2,145 | ||
| Intangible assets, net (excluding goodwill) | 2,074 | 1,773 | 1,645 | 1,627 | 1,699 | 1,776 | 1,079 | ||
| Derivative instruments and hedges | 6 | 3 | 1 | ||||||
| Regulated entity, other noncurrent assets | 7 | 7 | 6 | 5 | |||||
| Other noncurrent assets | 661 | 574 | 567 | 504 | 492 | 385 | 321 | ||
| Other undisclosed noncurrent assets | 946 | 794 | 896 | 790 | 521 | 393 | 280 | ||
| Total noncurrent assets: | 9,845 | 8,215 | 7,727 | 7,074 | 6,578 | 6,199 | 3,985 | ||
| TOTAL ASSETS: | 19,174 | 16,334 | 12,897 | 11,490 | 10,914 | 10,010 | 6,861 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Deferred revenue | 421 | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Debt | 573 | 365 | 290 | 578 | 245 | 140 | 631 | ||
| Deferred rent credit | 4 | ✕ | ✕ | ✕ | ✕ | ✕ | |||
| Derivative instruments and hedges, liabilities | 18 | 2 | 12 | ||||||
| Deferred revenue and credits | ✕ | ✕ | 5 | 8 | (9) | (9) | (8) | ||
| Other liabilities | 56 | 71 | 59 | 62 | 45 | ||||
| Other undisclosed current liabilities | 7,917 | 7,307 | 4,560 | 3,943 | 3,897 | 3,450 | 2,618 | ||
| Total current liabilities: | 8,911 | 7,694 | 4,912 | 4,612 | 4,192 | 3,643 | 3,285 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 4,151 | 3,091 | 2,692 | 2,145 | 2,075 | 2,125 | 825 | ||
| Long-term debt, excluding current maturities | 3,816 | 3,091 | 2,692 | 2,145 | 2,075 | 2,125 | 825 | ||
| Operating lease, liability | 335 | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Liabilities, other than long-term debt | 1,200 | 942 | 1,128 | 1,078 | 959 | 1,068 | 683 | ||
| Pension and other postretirement defined benefit plans, liabilities | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 18 | ||
| Deferred revenue | 73 | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Liability, pension and other postretirement and postemployment benefits | 33 | 55 | ✕ | ||||||
| Other liabilities | 1,127 | 901 | 1,128 | 1,078 | 959 | 1,013 | 665 | ||
| Derivative instruments and hedges, liabilities | 8 | ||||||||
| Other undisclosed noncurrent liabilities | 37 | (55) | (18) | ||||||
| Total noncurrent liabilities: | 5,351 | 4,071 | 3,820 | 3,222 | 3,034 | 3,138 | 1,490 | ||
| Total liabilities: | 14,262 | 11,764 | 8,733 | 7,834 | 7,226 | 6,781 | 4,775 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | 4,843 | 4,499 | 4,105 | 3,597 | 3,638 | 3,229 | 2,086 | ||
| Common stock | 187 | 184 | 181 | 178 | 177 | 165 | 134 | ||
| Additional paid in capital | 3,698 | 3,542 | 3,388 | 3,266 | 3,209 | 2,649 | 1,358 | ||
| Accumulated other comprehensive loss | (925) | (786) | (560) | (764) | (523) | (261) | (3) | ||
| Retained earnings | 1,884 | 1,559 | 1,096 | 916 | 775 | 676 | 596 | ||
| Stockholders' equity attributable to noncontrolling interest | 69 | 71 | 60 | 59 | 50 | ||||
| Total stockholders' equity: | 4,912 | 4,570 | 4,165 | 3,656 | 3,688 | 3,229 | 2,086 | ||
| TOTAL LIABILITIES AND EQUITY: | 19,174 | 16,334 | 12,897 | 11,490 | 10,914 | 10,010 | 6,861 | ||
Income statement (P&L) ($ in millions)
| 9/30/2019 TTM | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 7,131 | 6,934 | 6,160 | 5,595 | 5,392 | 4,627 | 3,180 | |
| Financial services revenue | ✕ | ✕ | 1,640 | 1,499 | 1,439 | 1,266 | ||
| Cost of revenue | (5,520) | (5,551) | (1,636) | (1,409) | (1,352) | (1,059) | (437) | |
| Cost of goods and services sold | (1,072) | (1,816) | (1,636) | (1,409) | (1,352) | |||
| Gross profit: | 1,611 | 1,383 | 4,524 | 4,186 | 4,041 | 3,568 | 2,742 | |
| Operating expenses | (1,025) | (904) | (767) | (552) | ||||
| Operating income: | 585 | 479 | 4,524 | 4,186 | 4,041 | 2,800 | 2,190 | |
| Nonoperating income | 11 | 11 | 65 | 8 | ||||
| Investment income, nonoperating | 8 | 8 | 64 | 8 | ||||
| Foreign currency transaction gain, before tax | 3 | 3 | 1 | 0 | ||||
| Interest and debt expense | (168) | (138) | (124) | (110) | (103) | (89) | (50) | |
| Other undisclosed income (loss) from continuing operations before equity method investments, income taxes | 127 | 127 | (4,022) | (3,720) | (3,644) | (2,509) | (1,874) | |
| Income from continuing operations before equity method investments, income taxes: | 556 | 479 | 378 | 357 | 294 | 267 | 275 | |
| Other undisclosed income from continuing operations before income taxes | 30 | |||||||
| Income from continuing operations before income taxes: | 585 | 479 | 378 | 357 | 294 | 267 | 275 | |
| Income tax expense (benefit) | 153 | 197 | 121 | 88 | 96 | 36 | (6) | |
| Net income: | 738 | 676 | 499 | 445 | 389 | 303 | 269 | |
| Net loss attributable to noncontrolling interest | (50) | (42) | (36) | (31) | (32) | |||
| Net income available to common stockholders, diluted: | 688 | 634 | 463 | 414 | 357 | 303 | 269 | |
Comprehensive Income ($ in millions)
| 9/30/2019 TTM | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 738 | 676 | 499 | 445 | 389 | 303 | 269 | |
| Other comprehensive income (loss) | (9) | (6) | 7 | (2) | 1 | (93) | ||
| Other undisclosed comprehensive income (loss) | (243) | (218) | 197 | (239) | (296) | |||
| Comprehensive income: | 487 | 452 | 703 | 204 | 95 | 210 | 269 | |
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (49) | (40) | (37) | (35) | (26) | |||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (165) | 30 | ||||||
| Comprehensive income, net of tax, attributable to parent: | 438 | 412 | 666 | 169 | 69 | 45 | 299 | |
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.