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BRO - Brown & Brown, Inc.

NYSE -> Financial Services -> Insurance Brokers
Daytona Beach, United States
Type: Equity

BRO price evolution
BRO
(in millions $) 31 Mar 2024 31 Jan 2024 30 Sep 2023 30 Jul 2023
Current assets
Cash $581 $700.3 $755.7 $627.9
Short term investments $10 $11 $13.2 $10.1
Net receivables $2558 $2501 $2317.9 $2394.1
Inventory
Total current assets $5005 $5129.9 $4845.2 $4894.9
Long term investments $21 $21 $24.3 $27.5
Property, plant & equipment $469 $469.1 $448.2 $449.6
Goodwill & intangible assets $8978 $8961.6 $8377.3 $8427.6
Total noncurrent assets $9801 $9753.5 $9137.8 $9176.6
Total investments $31 $32 $37.5 $37.6
Total assets $14806 $14883.4 $13983 $14071.5
Current liabilities
Accounts payable $322 $458.9 $380.2 $329.1
Deferred revenue $488 $462.4 $530.9 $487.5
Short long term debt $875 $568.7 $562.5 $53.1
Total current liabilities $4880 $4956.9 $4590.5 $4157.6
Long term debt $3187 $3405.5 $3323.5 $3948.4
Total noncurrent liabilities $4139 $4347.7 $4193.8 $4841.4
Total debt $4062 $3974.2 $3886 $4001.5
Total liabilities $9019 $9304.6 $8784.3 $8999
Shareholders' equity
Retained earnings $5544 $5288.5 $5056.9 $4913.7
Other shareholder equity -$51 -$19.1 -$127.6 -$50.5
Total shareholder equity $5778 $5578.8 $5198.7 $5072.5
(in millions $) 31 Jan 2024 31 Jan 2023 31 Dec 2021 31 Dec 2020
Current assets
Cash $700.3 $650 $1470.26 $1271.91
Short term investments $11 $12 $12.89 $18.33
Net receivables $2501 $2355.3 $1671.52 $1520.33
Inventory
Total current assets $5129.9 $4996 $3330.28 $2958.25
Long term investments $21 $22.4 $30.97 $24.97
Property, plant & equipment $469.1 $454.8 $409.07 $388.11
Goodwill & intangible assets $8961.6 $8269.4 $5818.29 $5445.58
Total noncurrent assets $9753.5 $8977.5 $6465.16 $6008.24
Total investments $32 $34.4 $43.86 $43.3
Total assets $14883.4 $13973.5 $9795.44 $8966.49
Current liabilities
Accounts payable $458.9 $286.5 $1590.93 $1389.03
Deferred revenue $462.4 $412.3 $392.22 $377.62
Short long term debt $568.7 $250.6 $42.5 $70
Total current liabilities $4956.9 $4596.6 $2667.37 $2354.35
Long term debt $3405.5 $3691.5 $2160.41 $2198.84
Total noncurrent liabilities $4347.7 $4770.3 $2931.18 $2857.92
Total debt $3974.2 $4138 $2202.91 $2268.84
Total liabilities $9304.6 $9366.9 $5598.55 $5212.27
Shareholders' equity
Retained earnings $5288.5 $4553 $4000.68 $3520.68
Other shareholder equity -$19.1 -$148.4 -$9.41 -$0.34
Total shareholder equity $5578.8 $4606.6 $4196.89 $3754.22
(in millions $) 31 Mar 2024 31 Jan 2024 30 Sep 2023 30 Jul 2023
Revenue
Total revenue $1258 $1067.7
Cost of revenue
Gross Profit $1258 $1067.7
Operating activities
Research & development
Selling, general & administrative $792 $699.3
Total operating expenses $846 $748
Operating income $412 $319.7
Income from continuing operations
EBIT $412 $289.8
Income tax expense $71 $66.4
Interest expense $48 $47.5
Net income
Net income $293 $175.9
Income (for common shares) $293 $175.9
(in millions $) 31 Dec 2023 31 Dec 2022 31 Jan 2022 31 Dec 2020
Revenue
Total revenue $4257.1 $3573.4 $2613.38
Cost of revenue
Gross Profit $4257.1 $3573.4 $2613.38
Operating activities
Research & development
Selling, general & administrative $2836.5 $2413.7 $1802.35
Total operating expenses $2899.2 $2595 $1934.76
Operating income $1357.9 $978.4 $678.61
Income from continuing operations
EBIT $1336.1 $1017.3 $683.07
Income tax expense $275.6 $204.3 $143.62
Interest expense $190 $141.2 $58.97
Net income
Net income $870.5 $671.8 $480.48
Income (for common shares) $870.5 $671.8 $480.48
(in millions $) 31 Mar 2024 31 Dec 2023 30 Sep 2023 30 Jun 2023
Net income $293 $268.7 $175.9 $190.4
Operating activities
Depreciation $54 $51.8 $51.5 $51.4
Business acquisitions & disposals -$76 -$467.4 -$48 -$77.7
Stock-based compensation $29 $22.4 $21.8 $20.8
Total cash flows from operations $13 $305.4 $315.6 $328.7
Investing activities
Capital expenditures -$13 $67.5 -$10.7 -$13.4
Investments $1 $6.2 $0.1 -$0.4
Total cash flows from investing -$88 -$393.7 -$58.6 -$91.5
Financing activities
Dividends paid -$38 -$37.1 -$32.7 -$32.6
Sale and purchase of stock -$0.8 $39 $1.6
Net borrowings $87 $87.5 -$109.3 -$111.9
Total cash flows from financing -$67 $88.4 -$221.6 $67.1
Effect of exchange rate -$11 $31.9 -$27.9 $15.6
Change in cash and equivalents -$153 $32 $7.5 $319.9
(in millions $) 31 Dec 2023 31 Dec 2022 31 Dec 2021 31 Dec 2020
Net income $870.5 $671.8 $587.1 $480.48
Operating activities
Depreciation $206 $185.8 $152.9 $134.8
Business acquisitions & disposals -$630.7 -$1927.7 -$366.78 -$694.84
Stock-based compensation $89.4 $66.1 $61.02 $59.75
Total cash flows from operations $1009.5 $881.4 $942.47 $721.65
Investing activities
Capital expenditures $37.7 $7.8 -$28.31 -$61.09
Investments $6 $7.3 -$1.59 -$3.14
Total cash flows from investing -$587 -$1912.6 -$396.68 -$759.07
Financing activities
Dividends paid -$135 -$119.5 -$107.23 -$100.59
Sale and purchase of stock $39.7 -$36.5 -$98.32 -$66.31
Net borrowings -$150.6 $1938.7 -$73.13 $545
Total cash flows from financing -$186.7 $1725.4 -$343.88 $346.36
Effect of exchange rate $33.9 -$131.2 -$3.57
Change in cash and equivalents $269.7 $563 $198.34 $308.94
Fundamentals
Market cap $24.81B
Enterprise value $28.30B
Shares outstanding 285.00M
Revenue N/A
EBITDA N/A
EBIT N/A
Net Income N/A
Revenue Q/Q 12.72%
Revenue Y/Y N/A
P/E ratio N/A
EV/Sales N/A
EV/EBITDA N/A
EV/EBIT N/A
P/S ratio N/A
P/B ratio 4.26
Book/Share 20.45
Cash/Share 2.04
EPS N/A
ROA N/A
ROE N/A
Debt/Equity 1.67
Net debt/EBITDA N/A
Current ratio 1.03
Quick ratio 1.03