Brown & Brown, Inc. (BRO)

Brown & Brown Balance Sheet

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	675	700	650	693.2	817.4
Short-Term Investments	10	11	12	12.9	18.33
Cash & Short-Term Investments	685	711	662	706.1	835.73
Cash Growth	-3.66%	7.40%	-6.25%	-15.51%	50.72%
Receivables	2,422	915	1,474	585.7	1,143
Prepaid Expenses	520	462	393.2	392.2	377.62
Restricted Cash	-	-	-	-	454.52
Other Current Assets	3,297	3,042	2,467	1,646	147.67
Total Current Assets	6,924	5,130	4,996	3,330	2,958
Property, Plant & Equipment	519	469	454.8	409	388.11
Long-Term Investments	19	21	22.4	31	24.97
Goodwill	7,970	7,341	6,674	4,737	4,396
Other Intangible Assets	1,814	1,621	1,595	1,082	1,050
Long-Term Deferred Charges	119	96	76	58.2	42.2
Other Long-Term Assets	247	205	154.9	148.6	107.38
Total Assets	17,612	14,883	13,974	9,795	8,966
Accounts Payable	373	459	286.5	242.7	1,389
Accrued Expenses	421	386	347.2	293.7	222.85
Current Portion of Long-Term Debt	225	569	250.6	42.5	70
Current Portion of Leases	47	45	45	43.4	43.54
Current Unearned Revenue	657	540	492.2	459.6	431.57
Other Current Liabilities	4,591	2,957	3,175	1,586	197.37
Total Current Liabilities	6,314	4,956	4,597	2,667	2,354
Long-Term Debt	3,599	3,227	3,692	1,980	2,026
Long-Term Leases	189	179	195.9	180	172.94
Long-Term Unearned Revenue	39	35	33.4	30.5	27
Long-Term Deferred Tax Liabilities	711	616	584	386.8	344.22
Other Long-Term Liabilities	323	291	265.5	353.4	287.85
Total Liabilities	11,175	9,304	9,367	5,599	5,212
Common Stock	31	30	30.3	30.1	29.97
Additional Paid-In Capital	1,118	1,027	919.7	849.4	794.91
Retained Earnings	6,128	5,289	4,553	4,001	3,521
Treasury Stock	-748	-748	-748	-673.9	-591.34
Comprehensive Income & Other	-109	-19	-148.4	-9.4	-
Total Common Equity	6,420	5,579	4,607	4,197	3,754
Minority Interest	17	-	-	-	-
Shareholders' Equity	6,437	5,579	4,607	4,197	3,754
Total Liabilities & Equity	17,612	14,883	13,974	9,795	8,966
Total Debt	4,060	4,020	4,183	2,246	2,312
Net Cash (Debt)	-3,375	-3,309	-3,521	-1,540	-1,477
Net Cash Per Share	-11.88	-11.78	-12.62	-5.55	-5.35
Filing Date Shares Outstanding	285.93	285.8	284.29	282.22	282.09
Total Common Shares Outstanding	286	284.6	283.2	282.5	283
Working Capital	610	174	399.4	662.9	603.9
Book Value Per Share	22.45	19.60	16.27	14.86	13.27
Tangible Book Value	-3,364	-3,383	-3,663	-1,621	-1,691
Tangible Book Value Per Share	-11.76	-11.89	-12.93	-5.74	-5.98
Land	136	117	108.4	97.2	8.43
Machinery	382	345	307.2	259.1	259.52
Construction In Progress	-	-	-	-	81.74
Leasehold Improvements	73	62	61.3	52.1	42.26

Source: S&P Capital IQ. Standard template. Financial Sources.