Brown & Brown, Inc. (BRO)

Brown & Brown Income Statement

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

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	4,399	4,257	3,573	3,051	2,613	2,392
Revenue Growth (YoY)	16.24%	19.13%	17.11%	16.76%	9.25%	18.76%
Gross Profit	4,399	4,257	3,573	3,051	2,613	2,392
Selling, General & Admin	2,897	2,837	2,414	2,040	1,802	1,685
Other Operating Expenses	71.1	62.7	181.3	143.3	132.4	118.69
Operating Expenses	2,968	2,899	2,595	2,183	1,935	1,804
Operating Income	1,431	1,358	978.4	868.2	678.6	588.22
Interest Expense / Income	191.3	190	141.2	65	59	63.66
Other Expense / Income	24.1	21.8	-38.9	40.4	-4.5	-1.37
Pretax Income	1,216	1,146	876.1	762.8	624.1	525.93
Income Tax	287.8	275.6	204.3	175.7	143.6	127.42
Net Income	928	870.5	671.8	587.1	480.5	398.51
Net Income Growth	34.98%	29.58%	14.43%	22.19%	20.57%	15.76%
Shares Outstanding (Basic)	286	285	283	282	284	282
Shares Change	0.53%	0.49%	0.28%	-0.57%	0.82%	0.91%
EPS (Basic)	3.27	3.07	2.38	2.08	1.70	1.42
EPS (Diluted)	3.25	3.05	2.37	2.07	1.69	1.40
EPS Growth	33.74%	28.69%	14.49%	22.49%	20.71%	14.75%
Free Cash Flow	993.1	1,047	889.2	780.4	651.9	626.66
Free Cash Flow Per Share	3.48	3.68	3.14	2.76	2.29	2.22
Dividend Per Share	0.490	0.475	0.422	0.380	0.348	0.325
Dividend Growth	12.64%	12.56%	11.05%	9.20%	7.08%	6.56%
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Operating Margin	32.53%	31.90%	27.38%	28.45%	25.97%	24.59%
Profit Margin	21.09%	20.45%	18.80%	19.24%	18.39%	16.66%
Free Cash Flow Margin	22.57%	24.60%	24.88%	25.58%	24.94%	26.20%
Effective Tax Rate	23.67%	24.05%	23.32%	23.03%	23.01%	24.23%
EBITDA	1,616	1,542	1,203	980.7	817.9	718.3
EBITDA Margin	36.73%	36.22%	33.67%	32.14%	31.30%	30.03%
Depreciation & Amortization	208.7	206	185.8	152.9	134.8	128.72
EBIT	1,407	1,336	1,017	827.8	683.1	589.59
EBIT Margin	31.99%	31.39%	28.47%	27.13%	26.14%	24.65%

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).