Brown & brown, inc. (BRO)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09Dec'08
REVENUES
Commissions and fees

2,384

2,009

1,857

1,762

1,656

1,567

1,355

1,189

1,005

966

964

965

Investment income

5

2

1

1

1

0

0

0

1

1

1

6

Other income, net

1

1

22

2

2

7

7

10

6

5

1

5

Total revenues

2,392

2,014

1,881

1,766

1,660

1,575

1,363

1,200

1,013

973

967

977

EXPENSES
Employee compensation and benefits

1,308

1,068

994

925

856

811

683

608

508

487

484

485

Share-based Compensation

-

-

-

16

15

19

22

15

11

6

7

7

Other operating expenses

377

332

283

262

251

235

195

174

144

135

143

137

(Gain)/loss on disposal

10

2

2

1

0

-47

0

-

-

-

-

-

Amortization

105

86

85

86

87

82

67

63

54

51

49

46

Depreciation

23

22

22

21

20

20

17

15

12

12

13

13

Interest

63

40

38

39

39

28

16

16

14

14

14

14

Change in estimated acquisition earn-out payables

-1

2

9

9

3

9

2

1

-2

1

-

0

Total expenses

1,866

1,551

1,431

1,343

1,257

1,236

1,005

895

743

707

713

705

Income before income taxes

525

462

449

423

402

339

357

304

270

266

254

272

Income taxes

127

118

50

166

159

132

140

120

106

104

101

106

Net income

398

344

399

257

243

206

217

184

163

161

153

166

Net income per share:
Basic (in dollars per share)

1.42

1.24

1.43

0.92

1.72

1.43

1.50

1.28

1.15

1.14

1.08

1.18

Diluted (in dollars per share)

1.40

1.22

1.40

0.91

1.70

1.41

1.48

1.26

1.13

1.12

1.08

1.17

Weighted average number of shares outstanding:
Basic

-

-

-

-

-

-

-

139

138

137

137

136

Diluted

-

-

-

-

-

-

-

142

140

139

137

136

Dividends declared per share (in dollars per share)

0.33

0.31

0.28

0.25

0.45

0.41

0.37

0.35

0.32

0.31

0.30

0.28