Brown & Brown, Inc. (BRO)

Brown & Brown Cash Flow Statement

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

Year	2023	2022	2021	2020	2019
Net Income	870.5	671.8	587.1	480.5	398.51
Depreciation & Amortization	206	185.8	152.9	134.8	128.72
Share-Based Compensation	89.4	66.1	61	59.7	46.99
Other Operating Activities	-156.4	-42.3	7.8	38	103.96
Operating Cash Flow	1,010	881.4	808.8	713	678.18
Operating Cash Flow Growth	14.53%	8.98%	13.44%	5.13%	19.50%
Capital Expenditures	37.7	7.8	-28.4	-61.1	-51.52
Acquisitions	-630.7	-1,927.7	-366.8	-694.8	-353.04
Change in Investments	6	7.3	-1.6	-3.2	-9.03
Investing Cash Flow	-587	-1,912.6	-396.8	-759.1	-413.59
Dividends Paid	-135	-119.5	-107.2	-100.6	-91.34
Share Issuance / Repurchase	39.7	-36.5	-48.6	-25	-44.61
Debt Issued / Paid	-150.6	1,939	-73.1	545	50
Other Financing Activities	59.2	-57.3	18.8	-64.4	6.73
Financing Cash Flow	-186.7	1,725	-210.1	355	-79.22
Exchange Rate Effect	33.9	-131.2	-3.6	0	0
Net Cash Flow	269.7	563	198.3	308.9	185.38
Free Cash Flow	1,047	889.2	780.4	651.9	626.66
Free Cash Flow Growth	17.77%	13.94%	19.71%	4.03%	18.02%
Free Cash Flow Margin	24.60%	24.88%	25.58%	24.94%	26.20%
Free Cash Flow Per Share	3.68	3.14	2.76	2.29	2.22

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).