Marsh & McLennan Companies, Inc. (ETR:MSN)
Germany · Delayed Price · Currency is EUR 150.35
-0.80 (-0.53%)
Inactive · Last trade price on Mar 17, 2026
ETR:MSN Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Net Income | 4,068 | 4,234 | 4,117 | 3,802 | 3,087 | 3,174 |
Depreciation & Amortization | 980 | 1,205 | 1,026 | 1,001 | 1,123 | 1,074 |
Stock-Based Compensation | 419 | 394 | 368 | 363 | 367 | 348 |
Other Adjustments | 3 | -23 | -134 | 0 | -100 | -334 |
Change in Receivables | -572 | -128 | -467 | -467 | -492 | -570 |
Changes in Accrued Expenses | 257 | 242 | 92 | 195 | 171 | 574 |
Changes in Income Taxes Payable | -9 | 12 | 123 | 105 | -54 | -33 |
Changes in Other Operating Activities | -159 | -644 | -823 | -741 | -637 | -717 |
Operating Cash Flow | 5,078 | 5,292 | 4,302 | 4,258 | 3,465 | 3,516 |
Operating Cash Flow Growth | 3.27% | 23.01% | 1.03% | 22.89% | -1.45% | 3.96% |
Capital Expenditures | -311 | -291 | -316 | -416 | -470 | -406 |
Purchases of Investments | -19 | -26 | -108 | -57 | -22 | -28 |
Proceeds from Sale of Investments | 17 | 100 | 55 | 38 | 86 | 41 |
Payments for Business Acquisitions | -719 | -652 | -8,542 | -976 | -572 | -859 |
Proceeds from Business Divestments | 19 | 22 | 89 | -17 | 119 | 84 |
Other Investing Activities | -1 | 2 | 1 | 11 | 9 | 4 |
Investing Cash Flow | -1,015 | -845 | -8,821 | -1,417 | -850 | -1,164 |
Short-Term Debt Issued | 1,024 | - | - | 146 | - | - |
Short-Term Debt Repaid | - | - | - | -146 | - | - |
Net Short-Term Debt Issued (Repaid) | 1,024 | - | - | 0 | - | - |
Long-Term Debt Issued | 595 | - | 8,170 | 2,169 | 984 | 743 |
Long-Term Debt Repaid | -619 | -519 | -1,617 | -266 | -365 | -1,016 |
Net Long-Term Debt Issued (Repaid) | -24 | -519 | 6,553 | 1,903 | 619 | -273 |
Issuance of Common Stock | 138 | 250 | 264 | 199 | 126 | 161 |
Repurchase of Common Stock | -3,048 | -2,160 | -1,080 | -1,298 | -2,148 | -1,260 |
Net Common Stock Issued (Repurchased) | -2,910 | -1,910 | -816 | -1,099 | -2,022 | -1,099 |
Common Dividends Paid | -1,767 | -1,699 | -1,513 | -1,298 | -1,138 | -1,026 |
Other Financing Activities | 413 | -506 | 231 | -625 | 1,495 | 1,101 |
Financing Cash Flow | -3,487 | -4,634 | 4,455 | -1,119 | -1,046 | -1,297 |
Effect of Exchange Rate Changes on Cash and Cash Equivalents | -141 | - | - | - | - | - |
Net Cash Flow | -257 | -187 | -64 | 1,722 | 1,569 | 1,055 |
Free Cash Flow | 4,767 | 5,001 | 3,986 | 3,842 | 2,995 | 3,110 |
Free Cash Flow Growth | -4.68% | 25.46% | 3.75% | 28.28% | -3.70% | 2.50% |
FCF Margin | 17.06% | 18.54% | 16.30% | 16.90% | 14.45% | 15.69% |
Free Cash Flow Per Share | 9.77 | 10.12 | 8.04 | 7.70 | 5.93 | 6.06 |
Levered Free Cash Flow | 5,738 | 4,165 | 10,715 | 5,803 | 3,802 | 3,362 |
Unlevered Free Cash Flow | 5,353 | 5,281 | 4,472 | 4,140 | 3,370 | 3,744 |