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WLTW - Willis Towers Watson Public Limited Company

NASDAQ -> Financial Services -> Insurance Brokers
London, United Kingdom

WLTW price evolution
WLTW
(in millions $) 30 Sep 2021 30 Jun 2021 31 Mar 2021 31 Dec 2020
Current assets
Cash $2162 $2217 $1960 $2089
Short term investments
Net receivables $2065 $2507 $2569 $2555
Inventory
Total current assets $20591 $20568 $20872 $20301
Long term investments $24
Property, plant & equipment $1676 $1757 $1792 $1916
Goodwill & intangible assets $12827 $13781 $13864 $14247
Total noncurrent assets $16691 $17699 $17760 $18230
Total investments
Total assets $37282 $38267 $38632 $38531
Current liabilities
Accounts payable $913 $313
Deferred revenue $1829 $1782 $1526 $2161
Short long term debt $794 $1262 $618 $1123
Total current liabilities $18616 $19174 $19020 $19332
Long term debt $4793 $4833 $5489 $5582
Total noncurrent liabilities $7233 $7378 $8038 $8267
Total debt $5587 $6095 $6107 $6705
Total liabilities $25849 $26552 $27058 $27599
Shareholders' equity
Retained earnings $2969 $3166 $3075 $2434
Other shareholder equity -$2359 -$2278 -$2311 -$2359
Total shareholder equity $11393 $11670 $11526 $10820
(in millions $) 31 Dec 2020 31 Dec 2019 31 Dec 2018 31 Dec 2017
Current assets
Cash $2089 $887 $1033 $1030
Short term investments
Net receivables $2555 $2621 $2379 $2246
Inventory
Total current assets $20301 $17037 $16420 $15861
Long term investments $24 $23 $7 $57
Property, plant & equipment $1916 $2014 $942 $985
Goodwill & intangible assets $14247 $14672 $13783 $14401
Total noncurrent assets $18230 $18389 $15965 $16597
Total investments
Total assets $38531 $35426 $32385 $32458
Current liabilities
Accounts payable $313 $318 $243 $136
Deferred revenue $2161 $1784 $1647 $1711
Short long term debt $1123 $480 $186 $85
Total current liabilities $19332 $16070 $15301 $14755
Long term debt $5582 $6265 $4389 $4450
Total noncurrent liabilities $8267 $8987 $7087 $7426
Total debt $6705 $6745 $4575 $4535
Total liabilities $27599 $25057 $22388 $22181
Shareholders' equity
Retained earnings $2434 $1792 $1201 $1104
Other shareholder equity -$2359 -$2227 -$1961 -$1513
Total shareholder equity $10820 $10249 $9852 $10126
(in millions $) 30 Sep 2021 30 Jun 2021 31 Mar 2021 31 Dec 2020
Revenue
Total revenue $1973 $2286 $2590 $2764
Cost of revenue
Gross Profit $1973 $2286 $2590 $2764
Operating activities
Research & development
Selling, general & administrative $1255 $1407 $1523 $1419
Total operating expenses $842 $2026 $2138 $2177
Operating income $1131 $260 $452 $587
Income from continuing operations
EBIT $1220 $332 $888 $655
Income tax expense $267 $96 $96 $119
Interest expense $50 $52 $59 $60
Net income
Net income $903 $184 $733 $476
Income (for common shares) $903 $184 $733 $476
(in millions $) 31 Dec 2020 31 Dec 2019 31 Dec 2018 31 Dec 2017
Revenue
Total revenue $9352 $9039 $8513 $8202
Cost of revenue
Gross Profit $9352 $9039 $8513 $8202
Operating activities
Research & development
Selling, general & administrative $5507 $5249 $5123 $4745
Total operating expenses $8169 $7710 $7704 $7464
Operating income $1183 $1329 $809 $738
Income from continuing operations
EBIT $1558 $1527 $1039 $656
Income tax expense $318 $249 $136 -$100
Interest expense $244 $234 $208 $188
Net income
Net income $996 $1044 $695 $568
Income (for common shares) $996 $1044 $695 $568
(in millions $) 30 Sep 2021 30 Jun 2021 31 Mar 2021 31 Dec 2020
Net income $903 $184 $733 $476
Operating activities
Depreciation $189 $206 $211 $220
Business acquisitions & disposals $30 $696 -$3
Stock-based compensation $19 $25 $27 $31
Total cash flows from operations $1511 $494 -$128 $568
Investing activities
Capital expenditures -$43 -$55 -$51 -$54
Investments
Total cash flows from investing -$13 -$55 $645 -$52
Financing activities
Dividends paid -$6 -$177 -$92 -$87
Sale and purchase of stock -$1000 $1 $1 $8
Net borrowings -$455 -$7 -$508 -$8
Total cash flows from financing -$1484 -$188 -$633 -$100
Effect of exchange rate -$14 $4 -$14 $26
Change in cash and equivalents $14 $251 -$116 $416
(in millions $) 31 Dec 2020 31 Dec 2019 31 Dec 2018 31 Dec 2017
Net income $996 $1044 $695 $568
Operating activities
Depreciation $916 $877 $747 $833
Business acquisitions & disposals $143 -$1312 -$32 $44
Stock-based compensation $90 $74 $50 $67
Total cash flows from operations $1774 $1081 $1288 $862
Investing activities
Capital expenditures -$286 -$305 -$322 -$375
Investments
Total cash flows from investing -$160 -$1614 -$341 -$335
Financing activities
Dividends paid -$346 -$329 -$306 -$277
Sale and purchase of stock $16 -$105 -$557 -$471
Net borrowings -$47 $958 $66 $580
Total cash flows from financing -$434 $397 -$903 -$479
Effect of exchange rate $21 -$2 -$41 $112
Change in cash and equivalents $1180 -$136 $44 $48
Fundamentals
Market cap $28.76B
Enterprise value $32.19B
Shares outstanding 124.61M
Revenue $9.61B
EBITDA $3.92B
EBIT $3.10B
Net Income $2.30B
Revenue Q/Q -1.79%
Revenue Y/Y 3.61%
P/E ratio 12.53
EV/Sales 3.35
EV/EBITDA 8.21
EV/EBIT 10.40
P/S ratio 2.99
P/B ratio 2.09
Book/Share 110.36
Cash/Share 17.35
EPS $18.43
ROA 6.01%
ROE 20.23%
Debt/Equity 2.55
Net debt/EBITDA 6.04
Current ratio 1.11
Quick ratio 1.11