Marsh & McLennan Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Year	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013 - 1994
Net Income	3,756	3,050	3,143	2,016	1,742	1,650	1,492	1,768	1,599	1,465	Upgrade
Depreciation & Amortization	1,001	1,123	1,074	1,096	962	494	481	438	423	388	Upgrade
Share-Based Compensation	363	367	348	290	252	193	149	109	88	93	Upgrade
Other Operating Activities	-862	-1,075	-1,049	-20	-595	91	-229	-308	-222	173	Upgrade
Operating Cash Flow	4,258	3,465	3,516	3,382	2,361	2,428	1,893	2,007	1,888	2,119	Upgrade
Operating Cash Flow Growth	22.89%	-1.45%	3.96%	43.24%	-2.76%	28.26%	-5.68%	6.30%	-10.90%	58.02%	Upgrade
Capital Expenditures	-416	-470	-406	-348	-421	-311	-294	-249	-323	-365	Upgrade
Acquisitions	-993	-453	-775	-549	-4,000	-774	-655	-813	-881	-554	Upgrade
Change in Investments	-19	64	13	107	92	4	-13	2	-65	-298	Upgrade
Other Investing Activities	11	9	4	-3	-66	-8	6	4	4	-5	Upgrade
Investing Cash Flow	-1,417	-850	-1,164	-793	-4,395	-1,089	-956	-1,056	-1,265	-1,222	Upgrade
Dividends Paid	-1,298	-1,138	-1,026	-943	-890	-807	-740	-682	-632	-582	Upgrade
Share Issuance / Repurchase	-951	-1,824	-998	132	-327	-582	-734	-612	-1,176	-537	Upgrade
Debt Issued / Paid	1,903	619	-273	-778	5,110	293	672	385	1,030	290	Upgrade
Other Financing Activities	-773	1,297	1,000	664	438	-214	-207	-158	-128	-139	Upgrade
Financing Cash Flow	-1,119	-1,046	-1,297	-925	4,331	-1,310	-1,009	-1,067	-906	-968	Upgrade
Exchange Rate Effect	328	-841	-355	511	135	-168	251	-232	-301	-274	Upgrade
Net Cash Flow	2,050	728	700	2,175	2,432	-139	179	-348	-584	-345	Upgrade
Free Cash Flow	3,842	2,995	3,110	3,034	1,940	2,117	1,599	1,758	1,565	1,754	Upgrade
Free Cash Flow Growth	28.28%	-3.70%	2.50%	56.39%	-8.36%	32.40%	-9.04%	12.33%	-10.78%	85.61%	Upgrade
Free Cash Flow Margin	16.90%	14.45%	15.69%	17.61%	11.65%	14.16%	11.40%	13.31%	12.14%	13.54%	Upgrade
Free Cash Flow Per Share	7.78	6.00	6.13	6.00	3.83	4.18	3.12	3.39	2.95	3.22	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).