Crawford & Company (CRDA) financial statements (2022 and earlier)

Company profile

Business Address 5335 TRIANGLE PARKWAY
PEACHTREE CORNERS, GA 30092
State of Incorp. GA
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)
Annual | Quarterly

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments53455253548276
Cash and cash equivalents53455253548276
Restricted cash and investments0      
Receivables139124136135182157169
Costs in excess of billings✕✕✕✕10910299
Other undisclosed current assets153133127133252427
Total current assets:346302315321370365370
Noncurrent Assets
Operating lease, right-of-use asset99109102✕✕✕✕
Property, plant and equipment3436 34423038
Intangible assets, net (including goodwill)214138156182194179200
Goodwill117678197979296
Intangible assets, net (excluding goodwill)987175859787105
Deferred costs1016     
Deferred income tax assets212618✕✕✕✕
Other noncurrent assets62717170685247
Defined benefit plan, assets for plan benefits✕✕✕✕✕2215
Deferred tax assets, net✕✕✕  3047
Other undisclosed noncurrent assets665598941145965
Total noncurrent assets:507451445381418371413
TOTAL ASSETS:853753760701788736783
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities146129106123128130118
Accounts payable48423438495245
Accrued liabilities   16   
Employee-related liabilities96826867767469
Taxes payable1633344
Deferred revenue322728✕✕✕✕
Debt112292325122
Self insurance reserve13111115131514
Deferred revenue and credits✕✕✕✕545060
Contract with customer, liability✕✕✕31✕✕✕
Other liabilities77403132373545
Other undisclosed current liabilities253231    
Total current liabilities:304243236225257230258
Noncurrent Liabilities
Long-term debt and lease obligation, including:164112148167200187225
Operating lease, liability889387✕✕✕✕
Other undisclosed long-term debt and lease obligation761961167200187225
Liabilities, other than long-term debt961281261281375958
Deferred revenue and credits✕✕✕✕232627
Deferred revenue242424✕✕✕✕
Contract with customer, liability✕✕✕22✕✕✕
Deferred compensation liability, classified78     
Deferred tax liabilities, net✕✕✕  21
Deferred income tax liabilities522✕✕✕✕
Liability, pension and other postretirement and postemployment benefits185466748733
Other liabilities43403332282818
Self insurance reserve      9
Other undisclosed noncurrent liabilities778485  100117
Total noncurrent liabilities:337323359295338346401
Total liabilities:641566595520594577659
Temporary equity, carrying amount  267  
Stockholders' equity
Stockholders' equity attributable to parent, including:212187159171182154114
Additional paid in capital74676359534842
Accumulated other comprehensive loss(180)(199)(207)(216)(196)(212)(223)
Retained earnings266265250274270262239
Other undisclosed stockholders' equity attributable to parent52535355565655
Stockholders' equity attributable to noncontrolling interest(1)(0)345511
Total stockholders' equity:211187163175187159124
TOTAL LIABILITIES AND EQUITY:853753760701788736783

Income statement (P&L) ($ in millions)
Annual | Quarterly

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues1,1391,0161,0481,1231,1641,1781,242
Revenue, net✕✕✕✕1,1641,1781,242
Cost of revenue(854)(737)(762)(818)(842)(857)(940)
Cost of goods and services sold(847)(737)(753)(808)(842)(857)(940)
Gross profit:285279286305322321301
Operating expenses(245)(205)(259)(264)(252)(249)(276)
Operating income:40742741707225
Nonoperating income (expense)313(3)3111
Investment income, nonoperating 14     
Other nonoperating income (expense)3(1)(3)3111
Interest and debt expense(7)(8)(11)(10)(9)(9)(8)
Income from continuing operations before equity method investments, income taxes:37791334626318
Other undisclosed income (loss) from continuing operations before income taxes7(40)1110(20) (49)
Income (loss) from continuing operations before income taxes:443924444263(32)
Income tax expense(13)(12)(14)(19)(15)(26)(14)
Net income (loss):312710262738(46)
Net income (loss) attributable to noncontrolling interest01300(2)0
Net income (loss) available to common stockholders, diluted:312812262836(45)

Comprehensive Income ($ in millions)
Annual | Quarterly

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):312710262738(46)
Other comprehensive income (loss)1879(21)149(1)
Comprehensive income (loss):49341854247(47)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest02411(0)1
Comprehensive income (loss), net of tax, attributable to parent:49362264347(46)

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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