Brown & Brown 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	1,079	675	700	650	693.2
Short-Term Investments	-	10	11	12	12.9
Cash & Short-Term Investments	1,079	685	711	662	706.1
Cash Growth	57.52%	-3.66%	7.40%	-6.25%	-15.51%
Receivables	2,059	2,422	915	1,474	585.7
Prepaid Expenses	980	520	462	393.2	392.2
Other Current Assets	4,497	3,297	3,042	2,467	1,646
Total Current Assets	8,615	6,924	5,130	4,996	3,330
Property, Plant & Equipment	636	519	469	454.8	409
Long-Term Investments	-	19	21	22.4	31
Goodwill	15,087	7,970	7,341	6,674	4,737
Other Intangible Assets	4,906	1,814	1,621	1,595	1,082
Long-Term Deferred Charges	-	119	96	76	58.2
Other Long-Term Assets	747	247	205	154.9	148.6
Total Assets	29,991	17,612	14,883	13,974	9,795
Accounts Payable	990	373	459	286.5	242.7
Accrued Expenses	877	421	386	347.2	293.7
Current Portion of Long-Term Debt	718	225	569	250.6	42.5
Current Portion of Leases	-	47	45	45	43.4
Current Unearned Revenue	1,053	657	540	492.2	459.6
Other Current Liabilities	4,656	4,591	2,957	3,175	1,586
Total Current Liabilities	8,294	6,314	4,956	4,597	2,667
Long-Term Debt	6,894	3,599	3,227	3,692	1,980
Long-Term Leases	243	189	179	195.9	180
Long-Term Unearned Revenue	-	39	35	33.4	30.5
Long-Term Deferred Tax Liabilities	815	711	616	584	386.8
Other Long-Term Liabilities	1,172	323	291	265.5	353.4
Total Liabilities	17,418	11,175	9,304	9,367	5,599
Common Stock	36	31	30	30.3	30.1
Additional Paid-In Capital	6,160	1,118	1,027	919.7	849.4
Retained Earnings	6,989	6,128	5,289	4,553	4,001
Treasury Stock	-848	-748	-748	-748	-673.9
Comprehensive Income & Other	210	-109	-19	-148.4	-9.4
Total Common Equity	12,547	6,420	5,579	4,607	4,197
Minority Interest	26	17	-	-	-
Shareholders' Equity	12,573	6,437	5,579	4,607	4,197
Total Liabilities & Equity	29,991	17,612	14,883	13,974	9,795
Total Debt	7,855	4,060	4,020	4,183	2,246
Net Cash (Debt)	-6,776	-3,375	-3,309	-3,521	-1,540
Net Cash Per Share	-21.65	-11.88	-11.78	-12.62	-5.55
Filing Date Shares Outstanding	336	285.93	285.8	284.29	282.22
Total Common Shares Outstanding	336	286	284.6	283.2	282.5
Working Capital	321	610	174	399.4	662.9
Book Value Per Share	37.34	22.45	19.60	16.27	14.86
Tangible Book Value	-7,446	-3,364	-3,383	-3,663	-1,621
Tangible Book Value Per Share	-22.16	-11.76	-11.89	-12.93	-5.74
Land	-	136	117	108.4	97.2
Machinery	-	382	345	307.2	259.1
Leasehold Improvements	-	73	62	61.3	52.1

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