Annual Financials for Arthur J. Gallagher & Co. (AJG)

20 Years of financial data for all companies
Including key metrics, annual/quarterly financials, and historic PE ratio.



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All numbers in thousands except per share items and ratios.
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Reported Currency: USD TTM 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31 2017-12-31 2016-12-31 2015-12-31 2014-12-31 2013-12-31 2012-12-31 2011-12-31 2010-12-31 2009-12-31 2008-12-31 2007-12-31 2006-12-31 2005-12-31 2004-12-31
Revenue 10,883,900 10,071,900 8,550,600 8,209,400 7,003,600 7,195,000 6,934,000 6,159,600 5,594,800 5,392,400 4,626,500 3,179,600 2,520,300 2,134,700 1,864,200 1,729,300 1,611,200 1,623,300 1,534,000 1,483,900 1,480,300
Revenue Growth - 17.79% 4.16% 17.22% -2.66% 3.76% 12.57% 10.10% 3.75% 16.55% 45.51% 26.16% 18.06% 14.51% 7.80% 7.33% -0.75% 5.82% 3.38% 0.24%
Cost of Revenue 2,309,300 5,826,600 4,953,200 5,233,700 4,500,300 4,830,900 4,983,900 4,388,200 3,947,500 3,780,400 3,226,500 2,122,300 1,605,000 451,000 418,600 324,300 391,100 437,000 322,400 322,300 277,500
Gross Profit 8,574,600 4,245,300 3,597,400 2,975,700 2,503,300 2,364,100 1,950,100 1,771,400 1,647,300 1,612,000 1,400,000 1,057,300 915,300 1,683,700 1,445,600 1,405,000 1,220,100 1,186,300 1,211,600 1,161,600 1,202,800
Gross Profit Margin 77.17% 42.15% 42.07% 36.25% 35.74% 32.86% 28.12% 28.76% 29.44% 29.89% 30.26% 33.25% 36.32% 78.87% 77.55% 81.25% 75.73% 73.08% 78.98% 78.28% 81.25%
Research and Development 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
General and Administrative Expenses 2,620,800 135,300 4,799,800 3,927,500 3,466,500 3,339,500 3,026,300 2,752,300 2,538,900 2,428,900 2,167,600 1,685,000 1,493,400 1,326,100 1,117,500 1,075,700 988,000 911,600 889,900 894,800 735,400
Total Operating Expenses 4,863,600 2,386,200 1,930,500 1,638,700 1,468,900 1,542,900 1,322,700 1,238,300 1,148,500 1,174,900 1,026,100 731,000 623,600 1,441,300 1,210,600 1,161,300 1,061,700 970,200 946,300 948,200 788,700
Operating Income or Loss 2,302,500 -1,983,300 1,749,900 1,472,800 1,001,500 836,500 627,400 533,100 498,800 437,100 373,900 326,300 291,700 242,400 200,400 243,700 158,400 216,100 265,300 213,400 414,100
Operating Margin 20.82% -19.69% 20.47% 17.94% 14.30% 11.63% 9.05% 8.65% 8.92% 8.11% 8.08% 10.26% 11.57% 11.36% 10.75% 14.09% 9.83% 13.31% 17.29% 14.38% 27.97%
Interest Expense 337,500 296,700 -256,900 226,100 196,400 179,800 138,400 124,100 109,800 103,000 89,000 50,100 43,000 40,800 34,600 28,500 0 0 0 0 0
EBITDA 2,911,500 2,555,600 2,349,500 2,039,100 1,563,900 1,310,900 1,056,000 949,800 881,700 811,900 650,300 506,600 435,500 357,600 328,100 329,300 205,200 281,400 337,800 345,200 646,500
Depreciation and Amortization 780,700 8,067,400 6,753,200 6,739,400 5,817,500 6,235,200 6,165,000 5,598,200 5,096,000 334,200 258,900 178,600 140,400 115,200 93,100 85,600 80,600 65,300 65,000 60,500 63,300
Income Before Tax 1,420,200 1,185,100 1,327,000 975,100 870,900 626,100 479,400 378,100 356,900 293,500 267,400 274,500 245,300 207,800 203,000 211,100 163,600 200,100 153,100 -2,800 235,500
Income Tax Expense 278,500 219,100 211,000 20,100 12,800 -89,700 -196,500 -121,100 -88,100 -95,600 -36,000 5,900 50,300 63,700 39,700 78,000 52,200 45,500 24,600 -31,400 47,000
Net Income 1,140,300 969,500 1,114,200 906,800 818,800 668,800 633,500 463,100 414,400 356,800 303,400 268,600 195,000 144,100 174,100 128,600 77,300 138,800 128,500 30,800 188,500
Net Income Margin 9.80% 9.63% 13.03% 11.05% 11.69% 9.30% 9.14% 7.52% 7.41% 6.62% 6.56% 8.45% 7.74% 6.75% 9.34% 7.44% 4.80% 8.55% 8.38% 2.08% 12.73%
EPS 5.25 4.51 5.30 4.47 4.29 3.60 3.47 2.57 2.33 2.07 1.97 2.08 1.61 1.28 1.61 1.28 0.83 1.45 1.32 0.32 2.05
EPS Diluted 5.13 4.42 5.19 4.37 4.20 3.52 3.40 2.54 2.32 2.06 1.97 2.06 1.59 1.28 1.61 1.28 0.82 1.43 1.31 0.32 1.99
Weighted Average Shares Out - 214,900 210,300 202,700 191,000 186,000 182,740 180,074 177,560 172,239 152,854 128,894 121,018 111,667 108,400 100,500 93,800 95,724 97,348 94,333 91,111
Weighted Average Shares Out Diluted - 219,300 214,700 207,300 195,000 190,100 186,164 182,115 178,387 173,215 154,259 130,467 122,478 112,465 108,400 100,625 94,268 97,063 98,092 96,100 94,500

Reported Currency: USD Q2 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31 2017-12-31 2016-12-31 2015-12-31 2014-12-31 2013-12-31 2012-12-31 2011-12-31 2010-12-31 2009-12-31 2008-12-31 2007-12-31 2006-12-31 2005-12-31 2004-12-31
Current Assets
Cash and Cash Equivalents 1,415,300 971,500 342,300 402,600 664,600 604,800 607,200 681,200 545,500 480,400 314,400 298,100 302,100 291,200 249,800 205,900 194,400 255,900 208,000 317,800 224,600
Short Term Investments 4,900 3,900 57,300 0 0 0 0 0 0 0 0 0 0 0 0 100 200 7,500 49,200 43,200 26,000
Cash + Short Term Investments 1,420,200 971,500 342,300 402,600 664,600 604,800 607,200 681,200 545,500 480,400 314,400 298,100 302,100 291,200 249,800 206,000 194,600 263,400 257,200 361,000 250,600
Net Receivables 4,178,300 3,786,600 16,408,900 11,753,100 6,436,000 5,419,200 4,857,500 2,157,200 1,844,800 1,734,000 1,462,500 1,288,800 1,096,100 1,027,100 750,100 693,700 826,500 1,303,700 1,422,300 1,396,800 1,355,500
Inventory 0 27,077,000 4,621,900 4,063,700 2,909,700 2,019,100 1,629,600 1,623,800 1,392,100 1,412,100 1,367,600 1,027,400 851,600 692,500 599,700 522,600 551,000 601,400 588,900 518,300 488,900
Other Current Assets -5,598,500 281,000 1,461,500 1,451,000 1,113,900 1,074,400 1,024,400 708,400 633,700 709,300 666,700 261,300 179,700 188,600 126,400 117,700 129,900 107,300 107,800 125,700 132,800
Total Current Assets 43,313,500 32,116,100 22,834,600 17,670,400 11,124,200 9,117,500 8,118,700 5,170,600 4,416,100 4,335,800 3,811,200 2,875,600 2,429,500 2,199,400 1,726,000 1,540,000 1,702,000 2,275,800 2,376,200 2,401,800 2,227,800
Non-Current Assets
Property, Plant and Equipment 1,037,600 1,126,700 922,900 859,400 824,600 860,900 436,900 412,200 377,600 202,700 195,400 160,400 105,400 91,300 75,800 80,700 88,800 87,900 103,100 185,100 259,000
Goodwill 11,915,500 11,475,600 9,489,400 8,666,200 6,127,000 5,618,500 4,625,600 4,197,900 3,767,800 3,662,900 3,449,600 2,145,200 1,472,700 1,155,300 883,700 742,300 596,400 440,600 316,600 0 0
Intangible Assets 4,389,400 4,633,300 3,372,100 3,954,000 2,399,900 2,318,700 1,773,000 1,644,600 1,627,300 1,698,800 1,776,000 1,078,800 809,600 561,500 483,500 438,400 461,200 315,600 213,100 418,200 374,200
Long Term Investments -37,719,900 14,200 71,100 3,400 22,400 45,400 59,500 0 0 0 0 0 0 0 0 45,600 17,900 0 0 0 0
Tax Assets 1,040,100 1,132,300 1,299,000 1,228,500 1,085,800 945,600 806,200 905,100 796,500 521,400 392,600 279,800 251,800 240,200 245,200 271,100 300,900 292,600 286,800 236,100 184,800
Other Non-Current Assets 39,031,500 1,117,600 918,700 963,100 747,500 728,200 514,100 567,000 504,300 492,200 385,200 320,700 283,300 235,800 181,800 132,200 565,300 144,300 124,300 148,300 192,100
Total Non-Current Assets 19,694,200 19,499,700 16,073,200 15,674,600 11,207,200 10,517,300 8,215,300 7,726,800 7,073,500 6,578,000 6,198,800 3,984,900 2,922,800 2,284,100 1,870,000 1,710,300 1,569,300 1,281,000 1,043,900 987,700 1,010,100
Other Assets 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Total Assets 63,007,700 51,615,800 38,907,800 33,345,000 22,331,400 19,634,800 16,334,000 12,897,400 11,489,600 10,913,800 10,010,000 6,860,500 5,352,300 4,483,500 3,596,000 3,250,300 3,271,300 3,556,800 3,420,100 3,389,500 3,237,900
Current Liabilities
Accounts Payable -207,800 2,553,100 18,698,200 13,845,600 7,784,600 6,348,500 5,740,200 3,475,900 2,996,100 2,877,100 2,623,300 2,154,700 1,819,700 1,621,900 1,250,300 0 1,365,300 1,874,000 1,958,800 1,917,400 1,838,900
Short Term Debt 487,800 959,000 551,900 473,400 278,600 790,600 519,000 441,100 703,600 382,000 267,900 630,500 129,000 10,000 226,500 0 132,000 281,300 8,900 5,300 41,400
Tax Payables 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 153,100 237,300 193,300
Deferred Revenue 697,100 644,700 546,700 520,900 475,600 434,100 379,300 74,800 69,000 61,300 66,100 84,500 70,600 69,700 60,500 41,500 46,200 44,100 39,700 35,700 253,400
Other Current Liabilities 40,632,500 26,907,900 2,091,200 1,895,100 1,596,200 1,347,800 1,055,100 920,500 843,000 871,300 685,400 415,100 343,600 372,000 40,000 1,432,900 315,100 32,800 393,900 427,900 78,400
Total Current Liabilities 41,609,600 31,064,700 21,888,000 16,735,000 10,135,000 8,921,000 7,693,600 4,912,300 4,611,700 4,191,700 3,642,700 3,284,800 2,362,900 2,073,600 1,577,300 1,474,400 1,858,600 2,232,200 2,401,300 2,386,300 2,212,100
Non-Current Liabilities
Long Term Debt 7,790,900 7,358,200 5,863,200 6,119,500 4,586,900 4,157,000 3,091,400 2,691,900 2,144,600 2,075,000 2,125,000 825,000 725,000 675,000 550,000 550,000 400,000 400,000 25,900 107,600 140,000
Deferred Revenue 762,900 61,500 62,600 58,700 65,700 69,700 78,400 430,600 69,000 0 0 0 0 0 0 0 0 0 0 0 0
Deferred Tax -40,786,600 352,200 300,400 309,300 320,900 340,900 0 -430,600 -69,000 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Liabilities 42,031,600 1,963,900 1,603,400 1,562,400 990,200 930,700 900,900 1,128,300 1,077,500 958,900 1,012,900 665,200 605,800 491,300 362,000 333,000 274,200 209,100 128,800 126,500 124,800
Total Non-Current Liabilities 9,798,800 9,735,800 7,829,600 8,049,900 5,963,700 5,498,300 4,070,700 3,820,200 3,222,100 3,033,900 3,137,900 1,490,200 1,330,800 1,166,300 912,000 883,000 674,200 609,100 154,700 234,100 264,800
Total Liabilities 51,408,400 40,800,500 29,717,600 24,784,900 16,098,700 14,419,300 11,764,300 8,732,500 7,833,800 7,225,600 6,780,600 4,775,000 3,693,700 3,239,900 2,489,300 2,357,400 2,532,800 2,841,300 2,556,000 2,620,400 2,476,900
Common Stock 219,100 216,700 211,900 208,500 193,700 188,100 184,000 181,000 178,300 176,900 164,600 133,600 125,600 114,700 108,400 102,500 96,400 92,000 98,400 95,700 92,100
Retained Earnings 4,681,200 4,052,900 3,562,200 2,882,300 2,371,700 1,901,300 1,558,600 1,095,900 916,400 774,500 676,000 596,400 510,400 482,900 488,300 450,300 452,000 495,900 475,000 463,700 539,000
Accumulated Other Comprehensive Income/Loss -939,200 -792,100 -1,140,400 -726,100 -643,600 -759,600 -785,600 -559,900 -763,600 -522,500 -260,600 -2,600 -32,800 -47,200 2,200 -9,000 -40,300 7,400 5,000 -26,400 -16,500
Total Stockholders Equity 11,572,500 10,775,300 9,143,600 8,508,400 6,186,200 5,155,500 4,498,900 4,105,200 3,596,600 3,638,300 3,229,400 2,085,500 1,658,600 1,243,600 1,106,700 892,900 738,500 715,500 864,100 769,100 761,000
Total Investments 4,900 18,100 128,400 3,400 22,400 45,400 59,500 0 0 0 0 0 0 0 0 45,700 18,100 7,500 49,200 43,200 26,000
Total Debt 8,613,900 8,317,200 6,415,100 6,592,900 4,865,500 4,947,600 3,610,400 3,133,000 2,848,200 2,457,000 2,392,900 1,455,500 854,000 685,000 550,000 550,000 532,000 400,000 34,800 112,900 181,400
Net Debt 7,198,600 7,345,700 6,072,800 6,190,300 4,200,900 4,342,800 3,003,200 2,451,800 2,302,700 1,976,600 2,078,500 1,157,400 551,900 393,800 300,200 344,100 337,600 144,100 -173,200 -204,900 -43,200

Reported Currency: USD TTM 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31 2017-12-31 2016-12-31 2015-12-31 2014-12-31 2013-12-31 2012-12-31 2011-12-31 2010-12-31 2009-12-31 2008-12-31 2007-12-31 2006-12-31 2005-12-31 2004-12-31
Cash Flows from Operating Activities
Net Income 1,135,400 966,000 1,116,000 955,000 858,100 715,800 675,900 499,200 445,000 356,800 303,400 268,600 195,000 144,100 163,300 133,100 111,400 154,600 128,500 28,600 188,500
Depreciation & Amortization 780,700 696,500 599,600 566,300 562,400 474,400 419,000 385,800 350,800 334,200 258,900 178,600 140,400 115,200 93,100 85,600 80,600 65,300 65,000 60,500 63,300
Deferred Income Tax 49,600 43,100 -209,000 -184,000 9,200 -65,300 -216,000 -183,400 -158,000 -161,200 -126,100 -20,400 -20,400 31,700 45,000 45,000 18,400 -4,200 -41,100 -84,000 -45,900
Stock Based Compensation 40,600 31,400 24,400 13,400 13,600 14,000 13,700 17,300 14,700 11,200 10,600 7,700 7,500 14,300 9,000 9,900 6,900 0 0 0 0
Change in Working Capital 83,900 -121,200 552,700 199,500 295,700 -65,600 -318,800 -57,300 -126,800 16,000 -187,500 -108,400 -9,600 10,200 -38,400 -31,000 -41,700 16,400 -85,800 124,600 118,700
Accounts Receivable -240,400 -503,500 -4,789,300 132,900 -796,500 -434,700 -783,100 -220,300 -242,800 -209,300 95,300 -85,400 11,500 0 0 0 0 0 0 0 0
Inventory 0 0 0 -260,600 -25,300 -25,000 -180,700 -46,500 -66,000 -53,200 -145,600 -53,100 66,400 0 0 0 0 0 0 0 0
Accounts Payable 0 0 5,084,200 35,500 1,154,200 461,600 819,700 334,300 352,900 406,600 60,000 114,300 33,300 0 0 0 0 0 0 0 0
Other Working Capital 324,300 382,300 257,800 291,700 -36,700 -67,500 -174,700 -124,800 -170,900 -128,100 -197,200 -84,200 -120,800 10,200 -38,400 -31,000 -41,700 16,400 -85,800 0 0
Other Non-Cash Items 1,688,200 415,900 41,700 153,900 13,500 45,900 191,300 192,600 96,400 95,600 143,000 23,800 30,100 -32,400 -40,200 -31,100 -15,000 12,300 16,000 61,100 6,400
Net Cash Provided by Operating Activities 2,499,600 2,031,700 2,125,400 1,704,100 1,752,500 1,119,200 765,100 854,200 622,100 652,600 402,300 349,900 343,000 283,100 231,800 211,500 160,600 252,300 104,700 188,800 277,200
Cash Flows from Investing Activities
Investments in Property, Plant, and Equipment -166,300 -193,600 -182,700 -128,600 -99,300 -138,800 -124,400 -129,200 -217,800 -99,000 -81,500 -93,600 -51,000 -40,000 -25,400 -23,500 -32,000 -40,700 -33,000 -22,800 -29,000
Acquisitions Net -2,504,200 -3,032,000 -753,900 -3,235,200 -316,100 -1,185,800 -770,300 -372,900 -319,500 -333,100 -1,910,100 -722,200 -332,700 -254,100 -78,900 -43,700 -274,200 -215,000 -72,900 -32,900 -112,800
Purchases of Investments -5,300 -2,400 -3,600 -40,200 -85,800 -127,400 -69,800 -43,900 -73,700 0 0 0 0 0 0 -27,400 0 0 0 0 0
Sales/Maturities of Investments 1,800 5,500 1,000 40,200 85,800 127,400 0 0 0 0 0 0 0 0 0 50,000 11,000 9,100 10,000 0 0
Other Investing Activities -57,600 -70,500 -65,600 -67,900 -1,400 -52,000 -15,600 -8,900 -31,900 -29,500 -20,100 -35,900 1,500 -13,200 12,600 -50,000 33,100 700 0 41,100 2,800
Net Cash Used for Investing Activities -2,731,600 -3,293,000 -1,004,800 -3,431,700 -416,800 -1,376,600 -910,300 -511,000 -569,200 -461,600 -2,011,700 -851,700 -382,200 -307,300 -91,700 -94,600 -262,100 -245,900 -95,900 -14,600 -139,000
Cash Flows from Financing Activities
Debt Repayment -1,957,300 -1,860,700 -2,756,500 -1,235,000 -3,150,000 -980,000 -475,000 -4,031,000 -2,719,200 -794,000 -1,500,400 -489,000 -184,000 -141,000 -48,000 -286,000 -100,000 -396,500 -2,900 0 0
Common Stock Issued 147,700 120,200 123,100 1,546,700 111,900 101,200 81,900 60,400 45,600 203,300 997,000 76,200 82,300 73,900 36,700 8,300 22,600 22,200 24,100 28,100 30,600
Common Stock Repurchased -1,743,300 0 0 2,994,000 3,070,900 0 -11,300 -17,700 -101,000 872,900 2,317,400 -1,500 -1,500 -1,200 -800 -1,000 -1,300 -261,800 -33,300 -2,200 -56,200
Dividends Paid -499,700 -473,600 -429,500 -392,000 -347,400 -321,100 -301,800 -282,700 -272,200 -257,500 -223,100 -182,600 -204,400 -145,800 -133,500 -127,900 -118,500 -118,800 -114,400 -102,300 -84,900
Other Financing Activities -547,000 1,366,600 2,540,100 -229,600 -190,500 -20,500 100 4,223,200 3,080,700 -34,600 6,900 1,099,500 353,500 279,700 49,400 301,200 237,200 796,400 7,900 -4,600 3,300
Net Cash Used Provided by Financing Activities 258,500 2,873,900 -522,800 2,684,100 -505,100 638,400 162,000 -47,800 33,900 -9,900 1,597,800 502,600 45,900 65,600 -96,200 -105,400 40,000 41,500 -118,600 -81,000 -107,200
Effect of Forex Changes on Cash -130,900 -33,500 -99,900 -64,500 119,800 6,100 -85,000 72,000 -21,700 -15,100 27,900 -4,800 4,200 0 0 0 0 0 0 0 0
Net Change in Cash 44,900 1,579,100 497,900 892,000 950,400 387,100 -68,200 367,400 65,100 166,000 16,300 -4,000 10,900 41,400 43,900 11,500 -61,500 47,900 -109,800 93,200 31,000
Cash at End of Period 16,506,600 6,543,300 4,964,200 4,466,300 3,574,300 2,623,900 2,236,800 2,305,000 545,500 480,400 314,400 298,100 302,100 291,200 249,800 205,900 194,400 255,900 208,000 317,800 224,600
Cash at Start of Period 16,461,700 4,964,200 4,466,300 3,574,300 2,623,900 2,236,800 2,305,000 1,937,600 480,400 314,400 298,100 302,100 291,200 249,800 205,900 194,400 255,900 208,000 317,800 224,600 193,600
Free Cash Flow
Operating Cash Flow 2,499,600 2,031,700 2,125,400 1,704,100 1,752,500 1,119,200 765,100 854,200 622,100 652,600 402,300 349,900 343,000 283,100 231,800 211,500 160,600 252,300 104,700 188,800 277,200
Capital Expenditure -166,300 -193,600 -182,700 -128,600 -99,300 -138,800 -124,400 -129,200 -217,800 -99,000 -81,500 -93,600 -51,000 -40,000 -25,400 -23,500 -32,000 -40,700 -33,000 -22,800 -29,000
Free Cash Flow 2,333,300 1,838,100 1,942,700 1,575,500 1,653,200 980,400 640,700 725,000 404,300 553,600 320,800 256,300 292,000 243,100 206,400 188,000 128,600 211,600 71,700 166,000 248,200