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
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 investments2,0891,1551,0661,2051,0261,3741,958
Cash and cash equivalents2,0891,1551,0661,2051,0261,3741,958
Restricted cash and investments      179
Receivables5,3265,2364,3174,1333,6433,4713,377
Other current assets740677551224215199199
Other undisclosed current assets      342
Total current assets:8,1557,0685,9345,5624,8845,0446,055
Noncurrent Assets
Operating lease, right-of-use asset1,8941,921
Property, plant and equipment856858701712725773809
Long-term investments and receivables280434287405389347388
Long-term investments280434287405389347388
Intangible assets, net (including goodwill), including:18,21617,44511,0369,0898,3697,8897,933
Goodwill15,51714,6719,5999,0898,3697,8897,241
Intangible assets, net (excluding goodwill)2,6992,7741,4371,2741,1261,036692
Other undisclosed intangible assets, net (including goodwill)   (1,274)(1,126)(1,036) 
Deferred income tax assets702676
Other noncurrent assets1,4581,7571,5391,4301,2131,1771,200
Defined benefit plan, assets for plan benefits7761,159967
Other undisclosed noncurrent assets1,4881,1982,0813,2311,8341,827488
Total noncurrent assets:24,89424,28915,64414,86713,30613,17211,785
TOTAL ASSETS:33,04931,35721,57820,42918,19018,21617,840
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:3,0502,7462,2342,0831,9691,8861,883
Employee-related liabilities2,4002,1971,7781,7181,6551,6561,633
Taxes payable247179157199146154178
Other undisclosed accounts payable and accrued liabilities4033702991661687672
Debt5171,2153142623121211
Other undisclosed current liabilities2,9892,7182,3761,9171,8011,8101,811
Total current liabilities:6,5566,6794,9244,2624,0823,7083,705
Noncurrent Liabilities
Long-term debt and lease obligation, including:10,79610,7415,5105,2254,4954,4023,376
Long-term debt, excluding current maturities10,79610,741     
Operating lease, liability1,9241,926
Other undisclosed long-term debt and lease obligation(1,924)(1,926)5,5105,2254,4954,4023,376
Liabilities, other than long-term debt4,1473,7333,2733,1993,0333,1863,285
Liability, pension and other postretirement and postemployment benefits2,6622,3361,9111,8882,0762,0582,244
Other liabilities1,4851,3971,3621,3119571,1281,041
Other undisclosed noncurrent liabilities2,2902,261287301308318341
Total noncurrent liabilities:17,23316,7359,0708,7257,8367,9067,002
Total liabilities:23,78923,41413,99412,98711,91811,61410,707
Stockholders' equity
Stockholders' equity attributable to parent9,1047,7937,5117,3596,1926,5137,054
Common stock561561561561561561561
Treasury stock, value(3,562)(3,774)(3,567)(3,083)(2,506)(1,991)(925)
Additional paid in capital943862817784842861930
Accumulated other comprehensive loss(5,110)(5,055)(4,647)(4,043)(5,093)(4,220)(3,847)
Retained earnings16,27215,19914,34713,14012,38811,30210,335
Stockholders' equity attributable to noncontrolling interest1561507383808979
Total stockholders' equity:9,2607,9437,5847,4426,2726,6027,133
TOTAL LIABILITIES AND EQUITY:33,04931,35721,57820,42918,19018,21617,840

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
Revenue, net14,02413,21112,89312,951
Gross profit:17,22416,65214,95014,02413,21112,89312,951
Operating expenses(14,158)(13,975)(12,189)(11,168)(10,547)(10,474)(10,650)
Operating income:3,0662,6772,7612,8562,6642,4192,301
Nonoperating income (expense)
(Investment Income, Nonoperating)
(15)22(24)1513837
Interest and debt expense(515)(556)(290)(237)(189)(163)(302)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes257296(203)941321
Income from continuing operations before equity method investments, income taxes:2,7932,4392,2442,6432,4802,3072,057
Income from equity method investments 12     
Other undisclosed loss from continuing operations before income taxes (12)     
Income from continuing operations before income taxes:2,7932,4392,2442,6432,4802,3072,057
Income tax expense(747)(666)(574)(1,133)(685)(671)(586)
Income from continuing operations:2,0461,7731,6701,5101,7951,6361,471
Income from discontinued operations   2  26
Net income:2,0461,7731,6701,5121,7951,6361,497
Net loss attributable to noncontrolling interest(30)(31)(20)(20)(27)(37)(32)
Net income available to common stockholders, diluted:2,0161,7421,6501,4921,7681,5991,465

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:2,0461,7731,6701,5121,7951,6361,497
Other comprehensive income (loss)(55)(408)(590)1,050(873)(373)(1,226)
Comprehensive income:1,9911,3651,0802,5629221,263271
Comprehensive loss, net of tax, attributable to noncontrolling interest(30)(31)(20)(20)(27)(37)(32)
Comprehensive income, net of tax, attributable to parent:1,9611,3341,0602,5428951,226239

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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