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Willis Towers Watson Public Limited Company (WTW)
NASDAQ: WTW · Real-Time Price · USD
298.99
-2.74 (-0.91%)
At close: Sep 23, 2026, 4:00 PM EDT
298.75
-0.24 (-0.08%)
After-hours: Sep 23, 2026, 7:30 PM EDT

Willis Towers Watson Cash Flow Statement

Millions USD. Fiscal year is Jan - Dec.

Operating Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Net Income
1,5651,605-981,0551,0094,222
Depreciation & Amortization
417416454505567650
Other Amortization
722---
Loss (Gain) From Sale of Assets
-26-40337-4359-379
Asset Writedown & Restructuring Costs
--1,08338152-
Stock-Based Compensation
19415312112599101
Provision & Write-off of Bad Debts
961361319
Other Operating Activities
265344-7430-199197
Change in Accounts Receivable
-232-128-233-206-188-134
Change in Other Net Operating Assets
-276-583-93-165-700-315
Operating Cash Flow
1,9231,7751,5121,3458122,061
Operating Cash Flow Growth
36.67%17.39%12.42%65.64%-60.60%16.18%

Investing Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Capital Expenditures
-234-229-245-242-138-148
Cash Acquisitions
-1,040-15-104-6-81-47
Divestitures
-20816614-833-883,018
Sale (Purchase) of Intangibles
-----66-53
Investment in Securities
-47-125-15-4200-200
Investing Cash Flow
-1,341447250-1,085-1732,570

Financing Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Long-Term Debt Issued
-999746748750-
Total Debt Issued
1,774999746748750-
Long-Term Debt Repaid
--5-655-254-585-1,008
Net Debt Issued (Repaid)
1,21999491494165-1,008
Issuance of Common Stock
----710
Repurchase of Common Stock
-1,770-1,706-957-1,026-3,564-1,643
Common Dividends Paid
-357-358-354-352-369-374
Other Financing Activities
161134761-316316-99
Financing Cash Flow
-747-936-459-1,200-3,445-3,114

Net Cash Flow

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Foreign Exchange Rate Adjustments
-38203-9711-164-127
Net Cash Flow
-2031,4891,206-929-2,9701,390

Free Cash Flow

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Free Cash Flow
1,6891,5461,2671,1036741,913
Free Cash Flow Growth
43.26%22.02%14.87%63.65%-64.77%23.34%
Free Cash Flow Margin
16.72%15.93%12.76%11.63%7.60%21.26%
Free Cash Flow Per Share
17.5015.6212.4210.416.0214.83
Levered Free Cash Flow
1,4161,919963.51,4611,1351,722
Unlevered Free Cash Flow
1,5942,0821,1281,6081,2651,854

Additional Metrics

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash Interest Paid
252252242223201212
Cash Income Tax Paid
441441312348428570
Change in Working Capital
-508-711-326-371-888-449
SEC Filings: 10-K · 10-Q