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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 $) 30 Oct 2024 30 Jun 2024 31 Mar 2024 31 Jan 2024
Current assets
Cash $1107 $581 $700.3
Short term investments $9 $10 $11
Net receivables $3914 $2788 $2558 $2501
Inventory
Total current assets $7479 $6089 $5005 $5129.9
Long term investments $22 $21 $21
Property, plant & equipment $501 $482 $469 $469.1
Goodwill & intangible assets $8996 $8978 $8961.6
Total noncurrent assets $9855 $9801 $9753.5
Total investments $31 $31 $32
Total assets $17525 $15944 $14806 $14883.4
Current liabilities
Accounts payable $329 $313 $322 $458.9
Deferred revenue $603 $488 $462.4
Short long term debt $725 $875 $568.7
Total current liabilities $6525 $5391 $4880 $4956.9
Long term debt $3367 $3571 $3187 $3405.5
Total noncurrent liabilities $4516 $4139 $4347.7
Total debt $4296 $4062 $3974.2
Total liabilities $11061 $9907 $9019 $9304.6
Shareholders' equity
Retained earnings $5961 $5764 $5544 $5288.5
Other shareholder equity $125 -$47 -$51 -$19.1
Total shareholder equity $6026 $5778 $5578.8
(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 $) 30 Oct 2024 30 Jun 2024 31 Mar 2024 31 Jan 2024
Revenue
Total revenue $1186 $1178 $1258
Cost of revenue
Gross Profit $1178 $1258
Operating activities
Research & development
Selling, general & administrative $758 $792
Total operating expenses $828 $782 $846
Operating income $396 $412
Income from continuing operations
EBIT $393 $412
Income tax expense $78 $87 $71
Interest expense -$50 $49 $48
Net income
Net income $231 $257 $293
Income (for common shares) $257 $293
(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 $) 30 Oct 2024 30 Jun 2024 31 Mar 2024 31 Dec 2023
Net income $257 $293 $268.7
Operating activities
Depreciation $53 $54 $51.8
Business acquisitions & disposals -$22 -$76 -$467.4
Stock-based compensation $23 $29 $22.4
Total cash flows from operations $360 $13 $305.4
Investing activities
Capital expenditures $32 -$13 $67.5
Investments $1 $1 $6.2
Total cash flows from investing -$119 $11 -$88 -$393.7
Financing activities
Dividends paid -$111 -$37 -$38 -$37.1
Sale and purchase of stock -$0.8
Net borrowings $237 $87 $87.5
Total cash flows from financing -$341 $442 -$67 $88.4
Effect of exchange rate $45 $11 -$11 $31.9
Change in cash and equivalents $398 $824 -$153 $32
(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 $32.01B
Enterprise value N/A
Shares outstanding 286.00M
Revenue N/A
EBITDA N/A
EBIT N/A
Net Income N/A
Revenue Q/Q 11.08%
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 N/A
Book/Share N/A
Cash/Share N/A
EPS N/A
ROA N/A
ROE N/A
Debt/Equity 1.67
Net debt/EBITDA N/A
Current ratio 1.15
Quick ratio N/A