Brown & Brown, Inc. (BRO)
NYSE: BRO · Real-Time Price · USD
67.84
+1.96 (2.98%)
At close: Oct 29, 2026, 4:00 PM EDT
67.84
0.00 (0.00%)
After-hours: Oct 29, 2026, 4:15 PM EDT
Brown & Brown Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Net Income | 1,218 | 1,054 | 993 | 871 | 672 | 587.1 |
Depreciation & Amortization | 524 | 367 | 222 | 206 | 186 | 152.9 |
Other Amortization | - | - | - | - | - | 2.8 |
Loss (Gain) From Sale of Investments | 1 | 3 | -29 | -140 | -4 | -7 |
Stock-Based Compensation | 89 | 93 | 101 | 89 | 66 | 61 |
Other Operating Activities | -38 | -20 | -8 | 9 | -23 | 53.4 |
Change in Accounts Receivable | 12 | 1,261 | -1,496 | 600 | -829 | -81.5 |
Change in Accounts Payable | -1 | 11 | -47 | 260 | 124 | 54.4 |
Change in Unearned Revenue | 9 | 177 | 115 | 50 | 20 | 14.6 |
Change in Other Net Operating Assets | -230 | -1,496 | 1,323 | -935 | 669 | -28.9 |
Operating Cash Flow | 1,584 | 1,450 | 1,174 | 1,010 | 881 | 808.8 |
Operating Cash Flow Growth | 15.87% | 23.51% | 16.24% | 14.64% | 8.93% | 13.44% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Capital Expenditures | -97 | -68 | -82 | -69 | -52 | -45 |
Sale of Property, Plant & Equipment | - | - | - | - | - | 16.6 |
Cash Acquisitions | -236 | -7,854 | -890 | -631 | -1,928 | -366.8 |
Divestitures | 2 | 9 | 70 | 107 | 60 | - |
Investment in Securities | - | - | - | - | 7 | -1.6 |
Other Investing Activities | -7 | -1 | 4 | 6 | - | - |
Investing Cash Flow | -338 | -7,914 | -898 | -587 | -1,913 | -396.8 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Long-Term Debt Issued | - | 4,642 | 1,099 | 420 | 2,350 | - |
Long-Term Debt Repaid | - | -825 | -1,069 | -571 | -411 | -73.1 |
Net Debt Issued (Repaid) | 22 | 3,817 | 30 | -151 | 1,939 | -73.1 |
Issuance of Common Stock | 52 | 4,363 | 44 | 40 | 38 | 34 |
Repurchase of Common Stock | -880 | -142 | -55 | -40 | -123 | -132.4 |
Common Dividends Paid | -225 | -193 | -154 | -135 | -120 | -107.2 |
Other Financing Activities | -96 | -132 | 71 | 99 | -8 | 68.6 |
Financing Cash Flow | -1,127 | 7,713 | -64 | -187 | 1,726 | -210.1 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Foreign Exchange Rate Adjustments | -31 | 64 | -13 | 34 | -131 | -3.6 |
Net Cash Flow | 88 | 1,313 | 199 | 270 | 563 | 198.3 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Free Cash Flow | 1,487 | 1,382 | 1,092 | 941 | 829 | 763.8 |
Free Cash Flow Growth | 14.47% | 26.56% | 16.05% | 13.51% | 8.54% | 18.92% |
Free Cash Flow Margin | 21.82% | 23.98% | 23.21% | 22.41% | 23.25% | 25.04% |
Free Cash Flow Per Share | 4.43 | 4.42 | 3.85 | 3.35 | 2.97 | 2.75 |
Levered Free Cash Flow | 1,210 | 1,401 | 844.75 | 785.75 | 725.33 | 506.02 |
Unlevered Free Cash Flow | 1,459 | 1,586 | 965.38 | 904.5 | 813.45 | 543.85 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 Interest Paid | 388 | 284 | 195 | 186 | 120 | 61.5 |
Cash Income Tax Paid | 219 | 371 | 302 | 218 | 122 | 146.9 |
Change in Working Capital | -210 | -47 | -105 | -25 | -16 | -41.4 |