Arthur J. Gallagher & Co. 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	1,396	14,987	971.5	738.4	402.6
Trading Asset Securities	-	-	-	56.5	-
Cash & Short-Term Investments	1,396	14,987	971.5	794.9	402.6
Cash Growth	-90.69%	1442.70%	22.22%	97.44%	-39.42%
Accounts Receivable	5,175	3,896	3,787	2,911	12,393
Receivables	5,175	3,896	3,787	2,911	12,903
Prepaid Expenses	-	-	-	-	171.7
Restricted Cash	-	-	-	-	4,064
Other Current Assets	27,785	25,230	27,358	18,579	129.7
Total Current Assets	34,356	44,113	32,116	22,285	17,670
Property, Plant & Equipment	1,387	1,028	1,127	922.9	859.4
Long-Term Investments	-	-	-	56.6	3.4
Goodwill	22,593	12,270	11,476	9,489	8,666
Other Intangible Assets	10,684	4,530	4,633	3,372	3,954
Long-Term Deferred Tax Assets	43	959.1	1,132	1,299	1,229
Other Long-Term Assets	1,602	1,354	1,132	933.2	963.1
Total Assets	70,665	64,255	51,616	38,358	33,345
Accounts Payable	-	-	-	-	13,846
Accrued Expenses	4,017	3,492	2,544	1,985	1,893
Short-Term Debt	226	225.2	294.7	241.9	228.4
Current Portion of Long-Term Debt	640	200	670	310	246.3
Current Portion of Leases	-	91.8	-	-	-
Current Unearned Revenue	737	537.2	644.7	546.7	520.9
Other Current Liabilities	26,899	24,715	26,912	18,255	1.3
Total Current Liabilities	32,519	29,261	31,065	21,339	16,735
Long-Term Debt	12,104	12,732	7,006	5,563	5,822
Long-Term Leases	515	328.1	352.2	300.4	309.3
Long-Term Unearned Revenue	155	67.1	61.5	62.6	58.7
Long-Term Deferred Tax Liabilities	-	106.3	129.6	92.4	165.7
Other Long-Term Liabilities	2,025	1,581	2,187	1,811	1,695
Total Liabilities	47,318	44,076	40,801	29,168	24,785
Common Stock	257	250	216.7	211.9	208.5
Additional Paid-In Capital	17,783	16,069	7,298	6,510	6,144
Retained Earnings	5,806	4,986	4,053	3,562	2,882
Comprehensive Income & Other	-525	-1,151	-792.1	-1,140	-726.1
Total Common Equity	23,321	20,154	10,775	9,144	8,508
Minority Interest	26	26.1	40	46.6	51.7
Shareholders' Equity	23,347	20,180	10,815	9,190	8,560
Total Liabilities & Equity	70,665	64,255	51,616	38,358	33,345
Total Debt	13,485	13,577	8,323	6,415	6,606
Net Cash (Debt)	-12,089	1,410	-7,351	-5,620	-6,203
Net Cash Per Share	-46.47	6.27	-33.52	-26.18	-29.92
Filing Date Shares Outstanding	256.98	254.7	216.8	212.09	208.54
Total Common Shares Outstanding	256.98	250	216.7	211.9	208.5
Working Capital	1,837	14,853	1,051	946.6	935.4
Book Value Per Share	90.75	80.61	49.72	43.15	40.81
Tangible Book Value	-9,956	3,353	-5,334	-3,718	-4,112
Tangible Book Value Per Share	-38.74	13.41	-24.61	-17.55	-19.72
Land	-	171.6	168.9	145.3	145.3
Machinery	-	548.6	540.5	470	420.4
Construction In Progress	-	64.2	54.1	56	23
Leasehold Improvements	-	259.9	232.6	190.7	170.8

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