Willis Towers Watson Public Limited Company (WTW)

Willis Towers Watson Cash Flow Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	137	-98	1,055	1,009	4,222	996
Depreciation & Amortization	429	458	515	567	650	770
Other Amortization	-1	-2	-10	-	-	-
Loss (Gain) From Sale of Assets	323	337	-43	59	-379	-81
Asset Writedown & Restructuring Costs	1,071	1,083	38	152	-	-
Stock-Based Compensation	135	121	125	99	101	90
Provision & Write-off of Bad Debts	10	13	6	13	19	29
Other Operating Activities	22	-74	30	-199	197	26
Change in Accounts Receivable	-126	-233	-206	-188	-134	72
Change in Other Net Operating Assets	-593	-93	-165	-700	-315	-128
Operating Cash Flow	1,407	1,512	1,345	812	2,061	1,774
Operating Cash Flow Growth	4.53%	12.42%	65.64%	-60.60%	16.18%	64.11%
Capital Expenditures	-119	-136	-153	-138	-148	-223
Cash Acquisitions	-103	-107	-6	-81	-47	-69
Divestitures	1,450	614	-833	-88	3,018	212
Sale (Purchase) of Intangibles	-109	-109	-89	-66	-53	-63
Investment in Securities	-99	-12	-4	200	-200	-
Other Investing Activities	-	-	-	-	-	-17
Investing Cash Flow	1,020	250	-1,085	-173	2,570	-160
Long-Term Debt Issued	-	746	748	750	-	282
Total Debt Issued	-	746	748	750	-	282
Long-Term Debt Repaid	-	-655	-254	-585	-1,008	-327
Net Debt Issued (Repaid)	-5	91	494	165	-1,008	-45
Issuance of Common Stock	-	-	-	7	10	16
Repurchase of Common Stock	-1,375	-957	-1,026	-3,564	-1,643	-14
Common Dividends Paid	-357	-354	-352	-369	-374	-346
Other Financing Activities	114	761	-316	316	-99	767
Financing Cash Flow	-1,623	-459	-1,200	-3,445	-3,114	378
Foreign Exchange Rate Adjustments	163	-97	11	-164	-127	126
Net Cash Flow	967	1,206	-929	-2,970	1,390	2,118
Free Cash Flow	1,288	1,376	1,192	674	1,913	1,551
Free Cash Flow Growth	12.29%	15.44%	76.85%	-64.77%	23.34%	85.75%
Free Cash Flow Margin	13.13%	13.86%	12.57%	7.60%	21.26%	18.00%
Free Cash Flow Per Share	12.82	13.49	11.24	6.02	14.83	11.93
Cash Interest Paid	242	242	223	201	212	229
Cash Income Tax Paid	312	312	348	428	570	310
Levered Free Cash Flow	1,336	963.5	1,461	1,135	1,722	1,788
Unlevered Free Cash Flow	1,498	1,128	1,608	1,265	1,854	1,940
Change in Working Capital	-719	-326	-371	-888	-449	-56

Updated Jul 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q