BROWN & BROWN, INC. BRO Balance Sheet

Brown & brown, inc. (BRO)

Balance Sheet / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Dec'09
ASSETS
Current Assets:
Cash and cash equivalents
385	542	497	432	322	438	422	477	558	573	546	600	546	515	488	453	401	443	448	412	340	470	382	309	250	202	170	385	340	219	244	193	155	286	334	278	265	272	257	293	197
Restricted cash and investments
389	420	377	382	302	338	301	309	268	250	276	276	279	265	278	277	231	229	217	245	284	259	275	300	252	250	247	210	186	164	198	192	189	130	146	120	115	123	161	145	155
Short-term investments
16	12	9	10	10	12	12	11	20	24	29	30	20	15	13	16	13	13	10	10	10	11	11	12	10	10	11	12	7	8	8	7	7	7	7	7	7	7	7	8	8
Premiums, commissions and fees receivable
1,000	942	895	913	847	844	736	736	694	546	525	499	486	502	469	472	430	433	424	415	431	424	392	433	404	395	365	310	303	302	282	295	293	240	212	247	232	214	224	233	209
Reinsurance recoverable
33	58	309	77	51	65	98	89	148	477	2,160	22	39	78	332	60	58	31	37	79	13	13	23	28	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Prepaid reinsurance premiums
333	366	383	343	314	337	344	310	292	321	332	297	280	308	333	298	279	309	329	302	291	320	345	309	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	16	15	14	24	17	16	13	25	19	16	12	29	21	15	16	24	18	16	15	19	8	8	8	20	-	0	11
Other current assets
124	152	133	131	146	128	95	106	92	47	45	51	44	50	42	52	67	50	58	64	47	45	35	50	33	39	26	38	27	39	32	45	35	23	23	34	25	14	19	28	31
Total current assets
2,283	2,494	2,606	2,291	1,994	2,167	2,013	2,041	2,074	2,242	3,916	1,778	1,696	1,736	1,974	1,647	1,496	1,537	1,543	1,547	1,433	1,570	1,485	1,459	964	928	843	972	881	759	785	751	697	708	732	697	654	652	669	709	613
Fixed assets, net
159	148	128	122	117	100	89	85	81	77	71	72	72	75	77	80	80	81	81	82	83	84	88	86	74	74	74	72	73	74	73	70	68	61	59	60	59	59	59	60	61
Operating lease assets
193	184	193	184	174	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Goodwill
3,881	3,746	3,702	3,551	3,513	3,432	2,929	2,845	2,747	2,716	2,701	2,692	2,675	2,675	2,672	2,665	2,615	2,586	2,559	2,559	2,487	2,460	2,512	2,509	2,006	2,006	1,990	1,722	1,709	1,711	1,686	1,674	1,649	1,323	1,268	1,261	1,225	1,194	1,167	1,103	1,074
Amortizable intangible assets, net
932	916	923	899	907	898	680	640	630	641	656	671	685	707	726	745	739	744	758	772	774	784	805	828	601	618	625	538	550	566	567	577	581	496	481	488	485	481	478	457	468
Investments
23	27	28	24	17	17	17	20	17	13	14	10	17	23	26	22	20	18	22	21	18	19	19	19	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other assets
107	104	97	90	81	71	72	68	64	57	54	52	49	44	44	45	39	35	36	37	40	36	33	27	27	21	20	19	15	16	22	23	20	17	17	17	18	11	12	5	5
Total assets
7,582	7,622	7,680	7,164	6,806	6,688	5,802	5,701	5,615	5,747	7,414	5,279	5,197	5,262	5,522	5,206	4,992	5,004	5,002	5,020	4,838	4,956	4,945	4,930	3,674	3,649	3,554	3,326	3,230	3,128	3,134	3,097	3,017	2,607	2,561	2,524	2,443	2,400	2,387	2,336	2,224
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current Liabilities:
Premiums payable to insurance companies
974	1,014	906	979	801	857	732	815	695	685	653	706	643	647	619	667	554	574	531	605	587	568	535	634	532	534	481	476	443	406	397	461	437	327	325	358	330	311	325	356	310
Losses and loss adjustment reserve
33	58	309	77	51	65	98	88	146	476	2,160	22	39	78	332	60	58	31	37	79	13	13	23	28	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Unearned premiums
333	366	383	343	314	337	344	310	292	321	332	297	280	308	333	298	279	309	329	302	291	320	345	309	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Premium deposits and credits due customers
127	113	118	93	94	105	107	101	97	91	97	92	90	83	111	95	89	83	96	85	80	83	99	98	91	80	93	31	25	32	47	29	31	30	46	24	31	28	57	34	37
Accounts payable
151	99	103	98	136	87	84	98	125	64	63	103	104	69	53	91	77	63	56	58	82	57	47	55	62	34	42	46	63	48	57	55	46	22	24	31	31	33	21	24	17
Accrued expenses and other liabilities
210	337	272	259	193	279	234	217	157	228	204	176	124	201	171	163	143	192	172	162	127	181	172	137	106	157	144	107	85	79	120	94	85	100	90	85	64	94	87	82	96
Current portion of long-term debt
58	55	55	55	55	50	30	25	120	120	120	20	55	55	80	80	80	73	41	34	27	45	38	6	-	100	100	0	0	0	0	0	0	1	1	1	1	1	101	5	17
Total current liabilities
1,890	2,045	2,148	1,907	1,647	1,782	1,632	1,656	1,634	1,987	3,631	1,419	1,337	1,445	1,701	1,457	1,283	1,328	1,264	1,328	1,209	1,269	1,263	1,270	792	906	861	661	617	567	623	641	601	481	488	502	459	470	594	504	478
Long-term debt less unamortized discount and debt issuance costs
1,483	1,500	1,513	1,426	1,439	1,456	832	841	851	856	860	965	1,005	1,018	1,031	1,045	1,058	1,071	1,118	1,132	1,146	1,152	1,159	1,168	480	380	380	450	450	450	450	450	450	250	250	250	250	250	150	250	250
Operating lease liabilities
176	167	177	169	159	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income taxes, net
323	328	322	310	300	315	284	284	288	256	382	373	368	357	376	371	363	360	347	340	336	341	345	337	285	291	284	249	244	237	229	222	215	178	167	159	153	146	130	124	115
Other liabilities
228	230	204	170	160	132	113	87	69	65	56	62	70	81	87	80	89	93	85	106	85	79	72	72	63	63	63	63	58	65	62	64	65	53	38	39	36	27	31	18	9
Commitments and contingencies (Note 13)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	0	-	-	-	0	-	-	-
Shareholders’ Equity:
Common stock, par value $0.10 per share; authorized 560,000 shares; issued 298,934 shares and outstanding 283,441 shares at 2020, issued 297,106 shares and outstanding 281,655 shares at 2019 - in thousands.
29	29	29	29	29	29	29	28	28	28	14	14	14	14	14	14	14	14	14	14	14	14	14	14	14	14	14	14	14	14	14	14	14	14	14	14	14	14	14	14	14
Additional paid-in capital
718	716	703	653	621	615	525	502	495	483	493	479	472	468	464	445	441	426	439	403	397	405	398	386	379	371	362	344	340	335	327	313	310	307	303	293	290	286	282	273	267
Treasury stock, at cost at 15,493 shares at 2020, 15,451 shares at 2019, respectively - in thousands
537	536	507	497	477	477	397	397	397	386	315	268	257	257	250	250	250	238	175	160	160	75	67	25	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Retained earnings
3,269	3,140	3,088	2,995	2,925	2,833	2,782	2,697	2,644	2,456	2,290	2,233	2,185	2,134	2,095	2,041	1,992	1,947	1,906	1,854	1,809	1,768	1,759	1,705	1,658	1,620	1,587	1,543	1,504	1,457	1,427	1,390	1,359	1,322	1,298	1,265	1,239	1,205	1,184	1,151	1,087
Accumulated other comprehensive income, net of tax effect of $40 at 2015, of $0 at 2014
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	-0	-	-	-	-	-	-	-	-	-	-	0	0	0	0	0	0	0	0
Total shareholders’ equity
3,479	3,350	3,314	3,180	3,098	3,000	2,939	2,831	2,770	2,582	2,483	2,458	2,415	2,360	2,324	2,252	2,198	2,149	2,185	2,113	2,061	2,113	2,105	2,081	2,052	2,007	1,964	1,902	1,859	1,807	1,768	1,718	1,685	1,643	1,616	1,572	1,544	1,506	1,481	1,439	1,369
Total liabilities and shareholders’ equity
7,582	7,622	7,680	7,164	6,806	6,688	5,802	5,701	5,615	5,747	7,414	5,279	5,197	5,262	5,522	5,206	4,992	5,004	5,002	5,020	4,838	4,956	4,945	4,930	3,674	3,649	3,554	3,326	3,230	3,128	3,134	3,097	3,017	2,607	2,561	2,524	2,443	2,400	2,387	2,336	2,224