BRO: Brown & Brown Inc Financial Statements
Balance sheet, income statement, and cash flow statements for Brown & Brown Inc (BRO).
$29.17B Market Cap.
BRO Market Cap. (MRY)
BRO Shares Outstanding (MRY)
BRO Assets (MRY)
Total Assets
$17.61B
Total Liabilities
$11.18B
Total Investments
$0
BRO Income (MRY)
Revenue
$4.80B
Net Income
$993.00M
Operating Expense
$3.31B
BRO Cash Flow (MRY)
CF Operations
$1.17B
CF Investing
-$898.00M
CF Financing
-$64.00M
BRO Balance Sheet (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total Assets | $17,612,000,000 (18.34%) | $14,883,000,000 (6.51%) | $13,973,500,000 (42.65%) | $9,795,400,000 (9.24%) |
Assets Current | $6,924,000,000 (34.97%) | $5,130,000,000 (2.68%) | $4,996,000,000 (50.02%) | $3,330,300,000 (12.58%) |
Assets Non-Current | $10,688,000,000 (9.59%) | $9,753,000,000 (8.64%) | $8,977,500,000 (38.86%) | $6,465,100,000 (7.60%) |
Goodwill & Intangible Assets | $9,784,000,000 (9.17%) | $8,962,000,000 (8.38%) | $8,269,400,000 (42.13%) | $5,818,300,000 (6.84%) |
Shareholders Equity | $6,420,000,000 (15.07%) | $5,579,000,000 (21.11%) | $4,606,600,000 (9.76%) | $4,196,900,000 (11.79%) |
Property Plant & Equipment Net | $519,000,000 (10.66%) | $469,000,000 (3.12%) | $454,800,000 (11.20%) | $409,000,000 (5.38%) |
Cash & Equivalents | $675,000,000 (-3.57%) | $700,000,000 (7.69%) | $650,000,000 (-6.23%) | $693,200,000 (-45.50%) |
Accumulated Other Comprehensive Income | -$109,000,000 (-473.68%) | -$19,000,000 (87.20%) | -$148,400,000 (-1478.72%) | -$9,400,000 (0%) |
Deferred Revenue | $577,000,000 (24.89%) | $462,000,000 (12.05%) | $412,300,000 (5.12%) | $392,200,000 (3.86%) |
Total Investments | $0 (0%) | $32,000,000 (-6.98%) | $34,400,000 (-21.64%) | $43,900,000 (1.38%) |
Investments Current | $0 (0%) | $11,000,000 (-8.33%) | $12,000,000 (-6.98%) | $12,900,000 (-29.63%) |
Investments Non-Current | $0 (0%) | $21,000,000 (-6.25%) | $22,400,000 (-27.74%) | $31,000,000 (24.14%) |
Inventory | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Trade & Non-Trade Receivables | $4,058,000,000 (62.19%) | $2,502,000,000 (-8.97%) | $2,748,500,000 (64.42%) | $1,671,600,000 (9.95%) |
Trade & Non-Trade Payables | $373,000,000 (-18.74%) | $459,000,000 (60.21%) | $286,500,000 (18.05%) | $242,700,000 (-82.53%) |
Accumulated Retained Earnings (Deficit) | $6,128,000,000 (15.86%) | $5,289,000,000 (16.17%) | $4,553,000,000 (13.81%) | $4,000,700,000 (13.63%) |
Tax Assets | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Tax Liabilities | $711,000,000 (15.42%) | $616,000,000 (5.48%) | $584,000,000 (50.98%) | $386,800,000 (12.37%) |
Total Debt | $4,013,000,000 (0.96%) | $3,975,000,000 (-3.94%) | $4,138,000,000 (87.84%) | $2,202,900,000 (-2.91%) |
Debt Current | $225,000,000 (-60.46%) | $569,000,000 (127.06%) | $250,600,000 (489.65%) | $42,500,000 (-39.29%) |
Debt Non-Current | $3,788,000,000 (11.22%) | $3,406,000,000 (-12.38%) | $3,887,400,000 (79.94%) | $2,160,400,000 (-1.75%) |
Total Liabilities | $11,175,000,000 (20.11%) | $9,304,000,000 (-0.67%) | $9,366,900,000 (67.31%) | $5,598,500,000 (7.41%) |
Liabilities Current | $6,314,000,000 (27.40%) | $4,956,000,000 (7.82%) | $4,596,600,000 (72.33%) | $2,667,400,000 (13.30%) |
Liabilities Non-Current | $4,861,000,000 (11.80%) | $4,348,000,000 (-8.85%) | $4,770,300,000 (62.75%) | $2,931,100,000 (2.56%) |
BRO Income Statement (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Revenues | $4,805,000,000 (12.87%) | $4,257,000,000 (19.14%) | $3,573,000,000 (17.09%) | $3,051,400,000 (16.76%) |
Cost of Revenue | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Selling General & Administrative Expense | $3,116,000,000 (9.83%) | $2,837,000,000 (17.52%) | $2,414,000,000 (18.34%) | $2,039,900,000 (13.18%) |
Research & Development Expense | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Operating Expenses | $3,307,000,000 (14.03%) | $2,900,000,000 (11.75%) | $2,595,000,000 (18.86%) | $2,183,200,000 (12.84%) |
Interest Expense | $193,000,000 (1.58%) | $190,000,000 (34.75%) | $141,000,000 (116.92%) | $65,000,000 (10.17%) |
Income Tax Expense | $301,000,000 (9.45%) | $275,000,000 (34.80%) | $204,000,000 (16.11%) | $175,700,000 (22.35%) |
Net Loss Income from Discontinued Operations | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Consolidated Income | $1,002,000,000 (15.04%) | $871,000,000 (29.61%) | $672,000,000 (14.46%) | $587,100,000 (22.19%) |
Net Income to Non-Controlling Interests | $9,000,000 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Net Income | $993,000,000 (14.01%) | $871,000,000 (29.61%) | $672,000,000 (14.46%) | $587,100,000 (22.19%) |
Preferred Dividends Income Statement Impact | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Net Income Common Stock | $993,000,000 (14.01%) | $871,000,000 (29.61%) | $672,000,000 (14.46%) | $587,100,000 (22.19%) |
Weighted Average Shares | $285,958,390 (0.48%) | $284,597,831 (0.49%) | $283,222,367 (0.28%) | $282,426,839 (-0.57%) |
Weighted Average Shares Diluted | - | - | - | - |
Earning Before Interest & Taxes (EBIT) | $1,487,000,000 (11.30%) | $1,336,000,000 (31.37%) | $1,017,000,000 (22.86%) | $827,800,000 (21.18%) |
Gross Profit | $4,805,000,000 (12.87%) | $4,257,000,000 (19.14%) | $3,573,000,000 (17.09%) | $3,051,400,000 (16.76%) |
Operating Income | $1,498,000,000 (10.39%) | $1,357,000,000 (38.75%) | $978,000,000 (12.65%) | $868,200,000 (27.94%) |
BRO Cash Flow Statement (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Net Cash Flow from Investing | -$898,000,000 (-52.98%) | -$587,000,000 (69.32%) | -$1,913,000,000 (-382.11%) | -$396,800,000 (47.73%) |
Net Cash Flow from Financing | -$64,000,000 (65.78%) | -$187,000,000 (-110.83%) | $1,726,000,000 (921.51%) | -$210,100,000 (-159.18%) |
Net Cash Flow from Operations | $1,174,000,000 (16.24%) | $1,010,000,000 (14.64%) | $881,000,000 (8.93%) | $808,800,000 (13.44%) |
Net Cash Flow / Change in Cash & Cash Equivalents | $199,000,000 (-26.30%) | $270,000,000 (-52.04%) | $563,000,000 (183.91%) | $198,300,000 (-35.80%) |
Net Cash Flow - Business Acquisitions and Disposals | -$890,000,000 (-41.05%) | -$631,000,000 (67.27%) | -$1,928,000,000 (-425.63%) | -$366,800,000 (47.21%) |
Net Cash Flow - Investment Acquisitions and Disposals | $4,000,000 (-33.33%) | $6,000,000 (-14.29%) | $7,000,000 (537.50%) | -$1,600,000 (50.00%) |
Capital Expenditure | -$12,000,000 (-131.58%) | $38,000,000 (375.00%) | $8,000,000 (128.17%) | -$28,400,000 (53.52%) |
Issuance (Repayment) of Debt Securities | $30,000,000 (119.87%) | -$151,000,000 (-107.79%) | $1,939,000,000 (2752.53%) | -$73,100,000 (-113.41%) |
Issuance (Purchase) of Equity Shares | $44,000,000 (10.00%) | $40,000,000 (211.11%) | -$36,000,000 (25.93%) | -$48,600,000 (-94.40%) |
Payment of Dividends & Other Cash Distributions | -$154,000,000 (-14.07%) | -$135,000,000 (-12.50%) | -$120,000,000 (-11.94%) | -$107,200,000 (-6.56%) |
Effect of Exchange Rate Changes on Cash | -$13,000,000 (-138.24%) | $34,000,000 (125.95%) | -$131,000,000 (-3538.89%) | -$3,600,000 (0%) |
Share Based Compensation | $101,000,000 (13.48%) | $89,000,000 (34.85%) | $66,000,000 (8.20%) | $61,000,000 (2.18%) |
Depreciation Amortization & Accretion | $222,000,000 (7.77%) | $206,000,000 (10.75%) | $186,000,000 (21.65%) | $152,900,000 (13.43%) |
BRO Financial Metrics (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Gross Margin | 100.00% (0.00%) | 100.00% (0.00%) | 100.00% (0.00%) | 100.00% (0.00%) |
Profit Margin | 20.70% (0.98%) | 20.50% (9.04%) | 18.80% (-2.08%) | 19.20% (4.35%) |
EBITDA Margin | 35.60% (-1.66%) | 36.20% (7.42%) | 33.70% (4.98%) | 32.10% (2.56%) |
Return on Average Equity (ROAE) | 16.10% (-4.17%) | 16.80% (9.80%) | 15.30% (4.79%) | 14.60% (10.61%) |
Return on Average Assets (ROAA) | 6.00% (-3.23%) | 6.20% (16.98%) | 5.30% (-14.52%) | 6.20% (8.77%) |
Return on Sales (ROS) | 30.90% (-1.59%) | 31.40% (10.18%) | 28.50% (5.17%) | 27.10% (3.83%) |
Return on Invested Capital (ROIC) | 31.80% (7.43%) | 29.60% (40.28%) | 21.10% (-43.58%) | 37.40% (8.41%) |
Dividend Yield | 0.50% (-28.57%) | 0.70% (0.00%) | 0.70% (40.00%) | 0.50% (-28.57%) |
Price to Earnings Ratio (P/E) | 29.32 (26.56%) | 23.16 (-3.23%) | 23.94 (-29.16%) | 33.79 (21.16%) |
Price to Sales Ratio (P/S) | 6.07 (27.70%) | 4.75 (5.27%) | 4.52 (-30.58%) | 6.5 (26.24%) |
Price to Book Ratio (P/B) | 4.54 (25.28%) | 3.63 (3.54%) | 3.5 (-25.93%) | 4.73 (31.84%) |
Debt to Equity Ratio (D/E) | 1.74 (4.38%) | 1.67 (-17.95%) | 2.03 (52.40%) | 1.33 (-3.89%) |
Earnings Per Share (EPS) | 3.48 (13.36%) | 3.07 (28.99%) | 2.38 (14.42%) | 2.08 (22.35%) |
Sales Per Share (SPS) | 16.8 (12.33%) | 14.96 (18.56%) | 12.62 (16.77%) | 10.8 (17.43%) |
Free Cash Flow Per Share (FCFPS) | 4.06 (10.37%) | 3.68 (17.30%) | 3.14 (13.61%) | 2.76 (20.39%) |
Book Value Per Share (BVPS) | 22.45 (14.53%) | 19.6 (20.52%) | 16.27 (9.45%) | 14.86 (12.44%) |
Tangible Assets Book Value Per Share (TABVPS) | 27.38 (31.58%) | 20.8 (3.30%) | 20.14 (43.02%) | 14.08 (13.61%) |
Enterprise Value Over EBIT (EV/EBIT) | 22 (29.41%) | 17 (-15.00%) | 20 (-20.00%) | 25 (19.05%) |
Enterprise Value Over EBITDA (EV/EBITDA) | 18.72 (23.52%) | 15.15 (-8.19%) | 16.5 (-21.58%) | 21.05 (20.82%) |
Asset Turnover | 0.29 (-3.31%) | 0.3 (8.24%) | 0.28 (-13.89%) | 0.32 (3.85%) |
Current Ratio | 1.1 (5.99%) | 1.03 (-4.78%) | 1.09 (-12.97%) | 1.25 (-0.64%) |
Dividends | $0.54 (13.68%) | $0.47 (12.56%) | $0.42 (11.05%) | $0.38 (9.20%) |
Free Cash Flow (FCF) | $1,162,000,000 (10.88%) | $1,048,000,000 (17.89%) | $889,000,000 (13.92%) | $780,400,000 (19.71%) |
Enterprise Value (EV) | $31,989,474,948 (36.89%) | $23,368,051,762 (17.69%) | $19,854,978,248 (-3.80%) | $20,640,125,245 (44.87%) |
Earnings Before Tax (EBT) | $1,294,000,000 (12.91%) | $1,146,000,000 (30.82%) | $876,000,000 (14.84%) | $762,800,000 (22.22%) |
Earnings Before Interest Taxes & Depreciation Amortization (EBITDA) | $1,709,000,000 (10.83%) | $1,542,000,000 (28.18%) | $1,203,000,000 (22.67%) | $980,700,000 (19.90%) |
Invested Capital | $4,852,000,000 (14.43%) | $4,240,000,000 (-7.74%) | $4,595,500,000 (63.00%) | $2,819,400,000 (30.32%) |
Working Capital | $610,000,000 (250.57%) | $174,000,000 (-56.43%) | $399,400,000 (-39.75%) | $662,900,000 (9.77%) |
Tangible Asset Value | $7,828,000,000 (32.21%) | $5,921,000,000 (3.80%) | $5,704,100,000 (43.42%) | $3,977,100,000 (12.96%) |
Market Capitalization | $29,173,474,948 (44.15%) | $20,237,751,762 (25.43%) | $16,135,178,248 (-18.71%) | $19,848,958,245 (47.39%) |
Average Equity | $6,172,000,000 (19.29%) | $5,173,800,000 (18.02%) | $4,384,000,000 (9.04%) | $4,020,379,500 (10.76%) |
Average Assets | $16,471,750,000 (16.95%) | $14,084,350,000 (10.07%) | $12,796,150,000 (35.79%) | $9,423,313,500 (12.37%) |
Invested Capital Average | $4,671,000,000 (3.37%) | $4,518,600,000 (-6.30%) | $4,822,275,000 (117.83%) | $2,213,823,250 (11.92%) |
Shares | 285,958,390 (0.48%) | 284,597,831 (0.49%) | 283,222,367 (0.28%) | 282,426,839 (-0.57%) |
