← Arthur J. Gallagher & Co.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income (Loss) Attributable to Parent | $414.4m |
$463.1m
+11.75%
|
$633.5m
+36.80%
|
$668.8m
+5.57%
|
$818.8m
+22.43%
|
$906.8m
+10.75%
|
$1.1b
+22.87%
|
$969.5m
-12.99%
|
$1.5b
+50.87%
|
$1.5b
+2.14%
|
— | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $445.0m | $499.2m | $675.9m | $715.8m | $858.1m | $955.0m | $1.1b | $966.0m | $1.5b | $1.5b | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | $30.6m | $36.1m | $42.4m | $47.0m | $39.3m | $48.2m | $1.8m | ($3.5m) | $7.7m | $9.0m | — | |
| Amortization | $247.2m | $264.7m | $291.2m | $334.0m | $417.3m | $415.1m | $454.9m | $531.3m | $664.8m | $916.0m | $1.1b | |
| Depreciation | $103.6m | $121.1m | $127.8m | $140.4m | $145.1m | $151.2m | $144.7m | $165.2m | $177.5m | $206.0m | $229.0m | |
| Depreciation, Amortization and Accretion, Net | $350.8m | $385.8m | $419.0m | $474.4m | $562.4m | $566.3m | $599.6m | $696.5m | $842.3m | $1.1b | $1.3b | |
| Deferred Income Tax Expense (Benefit) | — | — | — | — | — | ($184.0m) | ($209.0m) | $43.1m | $108.6m | $61.0m | $120.0m | |
| Share-based Payment Arrangement, Noncash Expense | $14.7m | $17.3m | $13.7m | $14.0m | $13.6m | $13.4m | $24.4m | $31.4m | $41.9m | $49.0m | $65.0m | |
| Impairment of Intangible Assets (Excluding Goodwill) | — | — | — | — | — | — | — | — | — | $66.0m | — | |
| Impairment of Intangible Assets, Finite-lived | $1.8m | $6.2m | $10.6m | $100k | $51.7m | $17.6m | $2.0m | $3.5m | $19.4m | — | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Increase (Decrease) in Accounts Receivable | — | — | — | — | — | — | — | $503.5m | $65.0m | $278.0m | ($546.0m) | |
| Net Cash Provided by (Used in) Operating Activities | $622.1m |
$854.2m
+37.31%
|
$765.1m
-10.43%
|
$1.1b
+46.28%
|
$1.8b
+56.59%
|
$1.7b
-2.76%
|
$2.1b
+24.72%
|
$2.0b
-4.41%
|
$2.6b
+27.13%
|
$1.9b
-25.28%
|
$2.4b
+26.89%
|
|
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Property, Plant, and Equipment | $217.8m | ($129.2m) | ($124.4m) | ($138.8m) | ($99.3m) | ($128.6m) | ($182.7m) | ($193.6m) | ($141.9m) | ($145.0m) | ($164.0m) | |
| Gain (Loss) on Investments | $6.5m | $100k | $8.4m | $72.0m | ($6.3m) | $17.0m | $11.0m | $8.4m | $22.7m | $23.0m | ($15.0m) | |
| Payments to Acquire Businesses, Net of Cash Acquired | $327.3m | — | — | — | — | — | — | — | — | — | ($14.7b) | |
| Net Cash Provided by (Used in) Investing Activities | ($569.2m) | ($511.0m) | ($910.3m) | ($1.4b) | ($416.8m) | ($3.4b) | ($1.0b) | ($3.3b) | ($1.6b) | ($15.9b) | ($14.8b) | |
| Cash flows from financing activities: | ||||||||||||
| Repayments of Long-term Debt | $50.0m | $300.0m | — | — | — | — | — | — | — | — | ($6.8b) | |
| Gain (Loss) on Extinguishment of Debt | — | — | — | — | — | ($16.2m) | — | — | — | — | — | |
| Proceeds from Issuance of Long-term Debt | $376.0m | $648.0m | $400.0m | $725.0m | $424.9m | $1.7b | — | — | — | — | $7.6b | |
| Payments for Repurchase of Common Stock | $101.0m | $17.6m | $11.3m | — | — | — | — | — | — | — | — | |
| Payments of Ordinary Dividends, Common Stock | $272.2m | $282.7m | $301.8m | $321.1m | $347.4m | $392.0m | $429.5m | $473.6m | $525.4m | $667.0m | ($693.0m) | |
| Proceeds from Issuance of Common Stock | $45.6m | $60.4m | $81.9m | $101.2m | $111.9m | $1.5b | $123.1m | $120.2m | $8.5b | $1.5b | $212.0m | |
| Net Cash Provided by (Used in) Financing Activities | — | — | $162.0m |
$638.4m
+294.07%
|
($505.1m)
-179.12%
|
$2.7b
+631.40%
|
($522.8m)
-119.48%
|
$2.9b
+649.71%
|
$13.1b
+354.18%
|
$1.7b
-86.88%
|
$924.0m
-46.06%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | $367.4m | ($68.2m) | $387.1m | $950.4m | $892.0m | $497.9m | $1.6b | $13.9b | ($11.9b) | $9.3b | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | $2.3b | $2.2b | $2.6b | $3.6b | $4.5b | $5.0b | $971.5m | $15.0b | $1.4b | $9.3b | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | $72.0m | ($85.0m) | $6.1m | $119.8m | ($64.5m) | ($99.9m) | ($33.5m) | ($122.9m) | $303.0m | ($1.0m) | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | — | $139.2m | — | — | — | — | — | — | — | — | |
| Income Taxes Paid, Net | — | — | $68.1m | — | $113.0m | $325.4m | $317.6m | $225.8m | $330.6m | $341.0m | — | |
| Additional Financial Items | ||||||||||||
| Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement | — | — | — | — | — | — | — | — | — | ($16.0m) | — | |
| Foreign Currency Transaction Gain (Loss), before Tax | $3.0m | ($2.8m) | $2.9m | ($6.7m) | ($2.9m) | ($2.3m) | $34.0m | ($10.3m) | ($400k) | ($54.0m) | — | |
| Foreign Currency Transaction Gain (Loss), Unrealized | $3.0m | ($2.8m) | $2.9m | ($6.7m) | ($2.9m) | ($2.3m) | $34.0m | ($10.3m) | ($400k) | ($54.0m) | — | |
| Gain (Loss) on Derivative Instruments, Net, Pretax | — | $8.3m | — | — | — | — | — | — | — | — | — | |
| Goodwill | $3.8b | $4.2b | $4.6b | $5.6b | $6.1b | $8.7b | $9.5b | $11.5b | $12.3b | $22.6b | — | |
| Income Tax Expense (Benefit) | ($88.1m) | ($121.1m) | ($196.5m) | ($89.7m) | $12.8m | $20.1m | $211.0m | $219.1m | $404.4m | $368.0m | — | |
| Operating Expenses | $797.7m | $852.5m | $903.7m | $1.1b | $906.5m | $1.1b | $1.3b | $1.7b | $1.8b | $2.3b | — | |
| Operating Lease, Expense | — | — | — | — | — | $153.4m | $176.6m | $183.5m | $183.4m | $208.0m | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.