Towers Watson & Co (TW) financial statements (2020 and earlier)

Company profile

Business Address 901 N. GLEBE ROAD
ARLINGTON, VA 22203
State of Incorp. DE
Fiscal Year End June 30
SIC 8742 - Management Consulting Services (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

6/30/2015
6/30/2014
6/30/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments842851589
Cash and cash equivalents715728533
Short-term investments12712357
Restricted cash and investments3812148
Receivables800821826
Prepaid expense and other current assets149
Other undisclosed current assets155125 
Total current assets:1,8361,8081,712
Noncurrent Assets
Property, plant and equipment391374347
Intangible assets, net (including goodwill)2,9322,9702,907
Goodwill2,2782,3132,219
Intangible assets, net (excluding goodwill)654657688
Other noncurrent assets172395
Prepaid expense and other noncurrent assets280
Other undisclosed noncurrent assets637986
Total noncurrent assets:3,5583,8193,620
TOTAL ASSETS:5,3945,6285,332
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:424405352
Accounts payable2020 
Accrued liabilities99117104
Employee-related liabilities581519561
Other undisclosed accounts payable and accrued liabilities(276)(251)(314)
Debt252525
Deferred revenue and credits305268215
Deferred tax liabilities437
Other liabilities627427
Other undisclosed current liabilities310260487
Total current liabilities:1,1311,0351,113
Noncurrent Liabilities
Long-term debt and lease obligation215200225
Long-term debt, excluding current maturities215200225
Liabilities, other than long-term debt9631,1931,063
Pension and other postretirement defined benefit plans, liabilities 771
Deferred tax liabilities, net9913765
Liability, pension and other postretirement and postemployment benefits649768
Other liabilities216288227
Other undisclosed noncurrent liabilities13789186
Total noncurrent liabilities:1,3161,4821,474
Total liabilities:2,4472,5172,587
Stockholders' equity
Stockholders' equity attributable to parent, including:2,9323,0972,724
Common stock  1
Treasury stock, value(429)(286)(222)
Additional paid in capital1,8711,8491,850
Accumulated other comprehensive loss(576)(190)(299)
Retained earnings2,0661,7231,394
Other undisclosed stockholders' equity attributable to parent11 
Stockholders' equity attributable to noncontrolling interest161420
Total stockholders' equity:2,9483,1112,745
TOTAL LIABILITIES AND EQUITY:5,3945,6285,332

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

6/30/2015
6/30/2014
6/30/2013
Revenues3,5243,3713,597
Revenue, net3,6453,4823,597
Cost of revenue
(Cost of Goods and Services Sold)
(3,163)(3,087)(3,222)
Gross profit:361284375
Operating expenses(780)(748)(564)
Other operating expense, net
(Other Nonrecurring (Income) Expense)
(22)(38)(20)
Other undisclosed operating income1,029996681
Operating income:589495472
Nonoperating income679
Investment income, nonoperating442
Foreign currency transaction loss, before tax(0)(7)(1)
Other nonoperating income2107
Interest and debt expense(9)(9)(13)
Income from continuing operations before equity method investments, income taxes:585493467
Income (loss) from equity method investments0 (0)
Other undisclosed income from continuing operations before income taxes061
Income from continuing operations before income taxes:586499468
Income tax expense(200)(138)(153)
Income from continuing operations:386360316
Income from discontinued operations 6 
Net income:386366316
Net income (loss) attributable to noncontrolling interest(1)(7)3
Net income attributable to parent:385359319
Other undisclosed net loss available to common stockholders, basic (6)(3)
Net income available to common stockholders, diluted:385353316

Comprehensive Income ($ in millions)

6/30/2015
6/30/2014
6/30/2013
Net income:386366316
Other comprehensive income (loss)(386)10950
Comprehensive income (loss):(0)475366
Comprehensive loss, net of tax, attributable to noncontrolling interest(1)(6)(4)
Other undisclosed comprehensive income, net of tax, attributable to parent  9
Comprehensive income (loss), net of tax, attributable to parent:(2)469370

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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