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)

12/31/2019
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 investments1,1551,0661,2051,0261,3741,9582,303
Cash and cash equivalents1,1551,0661,2051,0261,3741,9582,303
Restricted cash and investments     179 
Receivables5,2364,3174,1333,6433,4713,3773,310
Other current assets677551224215199199205
Other undisclosed current assets     342482
Total current assets:7,0685,9345,5624,8845,0446,0556,300
Noncurrent Assets
Operating lease, right-of-use asset1,921
Property, plant and equipment858701712725773809828
Long-term investments and receivables434287405389347388 
Long-term investments434287405389347388 
Intangible assets, net (including goodwill), including:17,44511,0369,0898,3697,8897,9337,365
Goodwill14,6719,5999,0898,3697,8897,2416,893
Intangible assets, net (excluding goodwill)2,7741,4371,2741,1261,036692472
Other undisclosed intangible assets, net (including goodwill)  (1,274)(1,126)(1,036) 
Deferred income tax assets676
Other noncurrent assets1,7571,5391,4301,2131,1771,200882
Defined benefit plan, assets for plan benefits7761,159967979
Other undisclosed noncurrent assets1,1982,0813,2311,8341,827488626
Total noncurrent assets:24,28915,64414,86713,30613,17211,78510,680
TOTAL ASSETS:31,35721,57820,42918,19018,21617,84016,980
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:2,7462,2342,0831,9691,8861,8831,861
Employee-related liabilities2,1971,7781,7181,6551,6561,6331,466
Taxes payable179157199146154178148
Other undisclosed accounts payable and accrued liabilities3702991661687672247
Debt1,2153142623121211334
Other undisclosed current liabilities2,7182,3761,9171,8011,8101,8111,614
Total current liabilities:6,6794,9244,2624,0823,7083,7053,809
Noncurrent Liabilities
Long-term debt and lease obligation, including:10,7415,5105,2254,4954,4023,3762,621
Long-term debt, excluding current maturities10,741      
Operating lease, liability1,926
Other undisclosed long-term debt and lease obligation(1,926)5,5105,2254,4954,4023,3762,621
Liabilities, other than long-term debt3,7333,2733,1993,0333,1863,2852,202
Pension and other postretirement defined benefit plans, liabilities1,150
Liability, pension and other postretirement and postemployment benefits2,3361,9111,8882,0762,0582,244
Other liabilities1,3971,3621,3119571,1281,0411,052
Other undisclosed noncurrent liabilities2,261287301308318341373
Total noncurrent liabilities:16,7359,0708,7257,8367,9067,0025,196
Total liabilities:23,41413,99412,98711,91811,61410,7079,005
Stockholders' equity
Stockholders' equity attributable to parent7,7937,5117,3596,1926,5137,0547,905
Common stock561561561561561561561
Treasury stock, value(3,774)(3,567)(3,083)(2,506)(1,991)(925)(515)
Additional paid in capital8628177848428619301,028
Accumulated other comprehensive loss(5,055)(4,647)(4,043)(5,093)(4,220)(3,847)(2,621)
Retained earnings15,19914,34713,14012,38811,30210,3359,452
Stockholders' equity attributable to noncontrolling interest150738380897970
Total stockholders' equity:7,9437,5847,4426,2726,6027,1337,975
TOTAL LIABILITIES AND EQUITY:31,35721,57820,42918,19018,21617,84016,980

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenue, net14,02413,21112,89312,95112,261
Gross profit:16,65214,95014,02413,21112,89312,95112,261
Operating expenses(13,975)(12,189)(11,168)(10,547)(10,474)(10,650)(10,184)
Operating income:2,6772,7612,8562,6642,4192,3012,077
Nonoperating income (expense)
(Investment Income, Nonoperating)
22(24)151383769
Interest and debt expense(556)(290)(237)(189)(163)(302)(191)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes296(203)94132118
Income from continuing operations before equity method investments, income taxes:2,4392,2442,6432,4802,3072,0571,973
Income from equity method investments12      
Other undisclosed loss from continuing operations before income taxes(12)      
Income from continuing operations before income taxes:2,4392,2442,6432,4802,3072,0571,973
Income tax expense(666)(574)(1,133)(685)(671)(586)(594)
Income from continuing operations:1,7731,6701,5101,7951,6361,4711,379
Income from discontinued operations  2  266
Net income:1,7731,6701,5121,7951,6361,4971,385
Net loss attributable to noncontrolling interest(31)(20)(20)(27)(37)(32)(28)
Net income available to common stockholders, diluted:1,7421,6501,4921,7681,5991,4651,357

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:1,7731,6701,5121,7951,6361,4971,385
Other comprehensive income (loss)(408)(590)1,050(873)(373)(1,226)686
Comprehensive income:1,3651,0802,5629221,2632712,071
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(31)(20)(20)(27)(37)(32)28
Other undisclosed comprehensive loss, net of tax, attributable to parent      (56)
Comprehensive income, net of tax, attributable to parent:1,3341,0602,5428951,2262392,043

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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