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Willis Towers Watson Public Limited Company (WTW)
NASDAQ: WTW · Real-Time Price · USD
342.39
-0.62 (-0.18%)
At close: Aug 11, 2026, 4:00 PM EDT
341.99
-0.40 (-0.12%)
Pre-market: Aug 12, 2026, 8:09 AM 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
1,5761,613-881,0641,0244,236
Depreciation & Amortization
424418456505567650
Stock-Based Compensation
19415312112599101
Other Adjustments
2373021,3492210-2,477
Change in Receivables
-232-128-233-206-188-134
Changes in Other Operating Activities
-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
Purchases of Intangible Assets
-----66-53
Purchases of Investments
3-90-12-4--
Proceeds from Sale of Investments
16---200-200
Cash Acquisitions
-1,040-15-104-6-81-47
Proceeds from Business Divestments
3487061989-594,048
Other Investing Activities
-50-89-8-922-29-1,030
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
775999746748750-
Long-Term Debt Repaid
-555-5-655-254-585-1,008
Net Long-Term Debt Issued (Repaid)
22099491494165-1,008
Issuance of Common Stock
----710
Repurchase of Common Stock
-1,700-1,650-901-1,000-3,530-1,627
Net Common Stock Issued (Repurchased)
-1,700-1,650-901-1,000-3,523-1,617
Common Dividends Paid
-357-358-354-352-369-374
Other Financing Activities
9178705-342282-115
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
-2031,2861,303-940-2,8061,517

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%
FCF Margin
16.72%15.93%12.76%11.63%7.60%21.26%
Free Cash Flow Per Share
17.5515.6212.4210.416.0214.83
Levered Free Cash Flow
1,6992,2051111,6479033,401
Unlevered Free Cash Flow
1,7111,476-412.541,233725.341,951
SEC Filings: 10-K · 10-Q