Arthur J. Gallagher & Co. Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	2018 - 1994
Net Income	1,091	969.5	1,114	906.8	818.8	668.8	Upgrade
Depreciation & Amortization	744.8	696.5	599.6	566.3	562.4	474.4	Upgrade
Share-Based Compensation	148.1	136.5	109.8	82.3	74.5	61.2	Upgrade
Other Operating Activities	408.2	229.2	-433.6	-163	351.4	-13.3	Upgrade
Operating Cash Flow	2,393	2,032	1,390	1,392	1,807	1,191	Upgrade
Operating Cash Flow Growth	49.35%	46.17%	-0.17%	-22.95%	51.72%	55.68%	Upgrade
Capital Expenditures	-193.6	-193.6	-182.7	-128.6	-99.3	-138.8	Upgrade
Acquisitions	-2,971.8	-3,032	-753.9	-3,235.2	-316.1	-1,185.8	Upgrade
Change in Investments	-62.9	-67.4	-68.2	-67.9	-56	-123.9	Upgrade
Investing Cash Flow	-3,228.3	-3,293	-1,004.8	-3,431.7	-471.4	-1,448.5	Upgrade
Dividends Paid	-486.9	-473.6	-429.5	-392	-347.4	-321.1	Upgrade
Share Issuance / Repurchase	141.9	120.2	123.1	1,547	111.9	101.2	Upgrade
Debt Issued / Paid	1,449	1,861	-161.2	1,759	-79.1	999.2	Upgrade
Other Financing Activities	806.7	1,367	680.2	82.1	-190.5	-140.9	Upgrade
Financing Cash Flow	1,910	2,874	212.6	2,996	-505.1	638.4	Upgrade
Exchange Rate Effect	-84.8	-33.5	-99.9	-64.5	119.8	6.1	Upgrade
Net Cash Flow	989.8	1,579	497.9	892	950.4	387.1	Upgrade
Free Cash Flow	2,199	1,838	1,207	1,264	1,708	1,052	Upgrade
Free Cash Flow Growth	54.07%	52.25%	-4.47%	-26.00%	62.29%	64.24%	Upgrade
Free Cash Flow Margin	20.70%	18.25%	14.12%	15.39%	24.38%	14.63%	Upgrade
Free Cash Flow Per Share	10.14	8.51	5.73	6.10	8.88	5.64	Upgrade

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).