Willis Towers Watson Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	3,132	1,890	1,424	1,262	4,486
Short-Term Investments	-	-	-	-	200
Cash & Short-Term Investments	3,132	1,890	1,424	1,262	4,686
Cash Growth	65.71%	32.73%	12.84%	-73.07%	129.82%
Accounts Receivable	2,702	2,494	2,572	2,387	2,370
Other Receivables	-	856	92	98	93
Receivables	2,702	3,424	2,664	2,485	2,463
Prepaid Expenses	595	123	123	132	137
Other Current Assets	10,445	9,668	9,222	11,956	11,202
Total Current Assets	16,874	15,105	13,433	15,835	18,488
Property, Plant & Equipment	1,182	1,146	1,285	1,304	1,571
Long-Term Investments	-	157	88	90	55
Goodwill	8,938	8,799	10,195	10,173	10,183
Other Intangible Assets	1,141	1,295	2,016	2,273	2,555
Long-Term Accounts Receivable	-	-	909	745	532
Long-Term Deferred Tax Assets	-	238	86	68	79
Long-Term Deferred Charges	-	155	142	126	115
Other Long-Term Assets	1,395	786	862	1,087	1,323
Total Assets	29,530	27,681	29,090	31,769	34,970
Accounts Payable	-	1,053	1,073	329	322
Accrued Expenses	-	1,625	1,478	1,381	1,528
Current Portion of Long-Term Debt	550	-	650	250	613
Current Portion of Leases	125	123	130	130	154
Current Income Taxes Payable	-	105	50	83	260
Current Unearned Revenue	2,087	-	-	646	576
Other Current Liabilities	11,242	9,692	9,249	11,960	11,271
Total Current Liabilities	14,004	12,598	12,630	14,779	14,724
Long-Term Debt	5,756	5,309	4,567	4,471	3,974
Long-Term Leases	472	504	599	632	749
Pension & Post-Retirement Benefits	660	615	563	480	757
Long-Term Deferred Tax Liabilities	-	45	542	748	845
Other Long-Term Liabilities	586	593	596	566	613
Total Liabilities	21,478	19,664	19,497	21,676	21,662
Additional Paid-In Capital	11,106	10,989	10,910	10,876	10,804
Retained Earnings	-296	109	1,466	1,764	4,645
Treasury Stock	-	-	-	-3	-3
Comprehensive Income & Other	-2,834	-3,158	-2,856	-2,621	-2,186
Total Common Equity	7,976	7,940	9,520	10,016	13,260
Minority Interest	76	77	73	77	48
Shareholders' Equity	8,052	8,017	9,593	10,093	13,308
Total Liabilities & Equity	29,530	27,681	29,090	31,769	34,970
Total Debt	6,903	5,936	5,946	5,483	5,490
Net Cash (Debt)	-3,771	-4,046	-4,522	-4,221	-804
Net Cash Per Share	-38.09	-39.67	-42.66	-37.69	-6.23
Filing Date Shares Outstanding	95.08	99.69	102.48	106.58	117.75
Total Common Shares Outstanding	95.08	99.81	102.54	106.76	122.06
Working Capital	2,870	2,507	803	1,056	3,764
Book Value Per Share	83.89	79.55	92.84	93.82	108.64
Tangible Book Value	-2,103	-2,154	-2,691	-2,430	522
Tangible Book Value Per Share	-22.12	-21.58	-26.24	-22.76	4.28
Land	-	58	59	57	62
Machinery	-	1,492	1,527	1,452	1,477
Leasehold Improvements	-	411	459	452	527

Source: S&P Global Market Intelligence. Standard template. Financial Sources.