Marsh & McLennan Companies, Inc. (MMC) financial statements (2022 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)

12/31/2021
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 investments1,7522,0891,1551,0661,2051,0261,374
Cash and cash equivalents1,7522,0891,1551,0661,2051,0261,374
Receivables5,5865,3265,2364,3174,1333,6433,471
Other current assets926740677551224215199
Total current assets:8,2648,1557,0685,9345,5624,8845,044
Noncurrent Assets
Operating lease, right-of-use asset1,8681,8941,921
Property, plant and equipment847856858701712725773
Long-term investments and receivables207280434287405389347
Long-term investments207280434287405389347
Intangible assets, net (including goodwill), including:19,12718,21617,44511,0369,0898,3697,889
Goodwill16,31715,51714,6719,5999,0898,3697,889
Intangible assets, net (excluding goodwill)2,8102,6992,7741,4371,2741,1261,036
Other undisclosed intangible assets, net (including goodwill)    (1,274)(1,126)(1,036)
Deferred income tax assets551702676
Other noncurrent assets1,4611,4581,7571,5391,4301,2131,177
Defined benefit plan, assets for plan benefits7761,159
Other undisclosed noncurrent assets2,0631,4881,1982,0813,2311,8341,827
Total noncurrent assets:26,12424,89424,28915,64414,86713,30613,172
TOTAL ASSETS:34,38833,04931,35721,57820,42918,19018,216
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:3,1653,0502,7462,2342,0831,9691,886
Employee-related liabilities2,9422,4002,1971,7781,7181,6551,656
Taxes payable198247179157199146154
Other undisclosed accounts payable and accrued liabilities2540337029916616876
Debt175171,21531426231212
Other undisclosed current liabilities3,4722,9892,7182,3761,9171,8011,810
Total current liabilities:6,6546,5566,6794,9244,2624,0823,708
Noncurrent Liabilities
Long-term debt and lease obligation, including:10,93310,79610,7415,5105,2254,4954,402
Long-term debt, excluding current maturities10,93310,79610,741    
Operating lease, liability1,8801,9241,926
Other undisclosed long-term debt and lease obligation(1,880)(1,924)(1,926)5,5105,2254,4954,402
Liabilities, other than long-term debt3,3444,1473,7333,2733,1993,0333,186
Liability, pension and other postretirement and postemployment benefits1,6322,6622,3361,9111,8882,0762,058
Other liabilities1,7121,4851,3971,3621,3119571,128
Other undisclosed noncurrent liabilities2,2352,2902,261287301308318
Total noncurrent liabilities:16,51217,23316,7359,0708,7257,8367,906
Total liabilities:23,16623,78923,41413,99412,98711,91811,614
Stockholders' equity
Stockholders' equity attributable to parent11,0099,1047,7937,5117,3596,1926,513
Common stock561561561561561561561
Treasury stock, value(4,478)(3,562)(3,774)(3,567)(3,083)(2,506)(1,991)
Additional paid in capital1,112943862817784842861
Accumulated other comprehensive loss(4,575)(5,110)(5,055)(4,647)(4,043)(5,093)(4,220)
Retained earnings18,38916,27215,19914,34713,14012,38811,302
Stockholders' equity attributable to noncontrolling interest21315615073838089
Total stockholders' equity:11,2229,2607,9437,5847,4426,2726,602
TOTAL LIABILITIES AND EQUITY:34,38833,04931,35721,57820,42918,19018,216

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues19,82017,22416,65214,95014,02413,21112,893
Revenue, net14,02413,21112,893
Gross profit:19,82017,22416,65214,95014,02413,21112,893
Operating expenses(15,508)(14,158)(13,975)(12,189)(11,168)(10,547)(10,474)
Operating income:4,3123,0662,6772,7612,8562,6642,419
Nonoperating income (expense)
(Investment Income, Nonoperating)
330(15)22(24)15138
Interest and debt expense(444)(515)(556)(290)(237)(189)(163)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes10257296(203)9413
Income from continuing operations before equity method investments, income taxes:4,2082,7932,4392,2442,6432,4802,307
Income from equity method investments  12    
Other undisclosed loss from continuing operations before income taxes  (12)    
Income from continuing operations before income taxes:4,2082,7932,4392,2442,6432,4802,307
Income tax expense(1,034)(747)(666)(574)(1,133)(685)(671)
Income from continuing operations:3,1742,0461,7731,6701,5101,7951,636
Income from discontinued operations    2  
Net income:3,1742,0461,7731,6701,5121,7951,636
Net loss attributable to noncontrolling interest(31)(30)(31)(20)(20)(27)(37)
Net income available to common stockholders, diluted:3,1432,0161,7421,6501,4921,7681,599

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:3,1742,0461,7731,6701,5121,7951,636
Other comprehensive income (loss)535(55)(408)(590)1,050(873)(373)
Comprehensive income:3,7091,9911,3651,0802,5629221,263
Comprehensive loss, net of tax, attributable to noncontrolling interest(31)(30)(31)(20)(20)(27)(37)
Comprehensive income, net of tax, attributable to parent:3,6781,9611,3341,0602,5428951,226

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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