BROWN & BROWN, INC. BRO Income Statement

Brown & brown, inc. (BRO)

Income statement / 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	Mar'10	Sep'09	Jun'09
REVENUES
Commissions and fees
2,463	2,384	2,315	2,227	2,126	2,009	1,975	1,920	1,913	1,857	1,817	1,804	1,785	1,762	1,733	1,703	1,675	1,656	1,643	1,631	1,609	1,567	1,516	1,454	1,383	1,355	1,316	1,260	1,226	1,189	1,130	1,085	1,041	1,005	993	982	977	966	980	979	0	0	0
Investment income
5	5	4	4	3	2	2	2	1	1	1	1	1	1	1	1	1	1	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1	1	1	1	1	1	1	1	0	0	0
Other income, net
1	1	1	2	1	1	1	1	2	22	22	22	21	2	2	2	3	2	4	5	6	7	8	9	7	7	5	5	5	10	10	11	11	6	4	2	4	5	5	5	0	0	0
Total revenues
2,471	2,392	2,321	2,234	2,132	2,014	1,979	1,924	1,917	1,881	1,840	1,827	1,807	1,766	1,737	1,707	1,680	1,660	1,648	1,638	1,616	1,575	1,525	1,463	1,391	1,363	1,322	1,267	1,232	1,200	1,141	1,097	1,053	1,013	999	986	983	973	987	986	0	0	0
EXPENSES
Employee compensation and benefits
1,324	1,308	1,251	1,188	1,130	1,068	1,049	1,027	1,019	994	968	960	947	925	915	888	869	856	861	853	838	811	763	740	707	683	662	631	618	608	579	556	531	508	501	496	492	487	485	485	0	0	0
Share-based Compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	19	26	28	26	22	19	15	15	15	14	13	12	11	9	8	7	6	6	7	0	0	0
Other operating expenses
395	377	371	358	344	332	316	305	292	283	275	271	266	262	256	255	253	251	248	247	243	235	229	214	201	195	188	182	177	174	163	158	151	144	144	136	135	135	136	141	0	0	0
(Gain)/loss on disposal
10	10	4	0	-0	2	1	4	4	2	0	-1	-0	1	2	2	2	0	-46	-46	-47	-47	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization
105	105	102	97	92	86	84	83	84	85	86	86	86	86	87	87	87	87	87	87	86	82	78	74	69	67	66	64	64	63	61	59	56	54	54	53	52	51	50	50	0	0	0
Depreciation
23	23	23	23	23	22	21	22	22	22	22	22	21	21	21	21	21	20	21	21	21	20	19	18	17	17	16	16	15	15	14	13	12	12	12	12	12	12	12	13	0	0	0
Interest
63	63	59	52	46	40	38	38	38	38	38	39	39	39	39	39	39	39	39	36	34	28	22	19	16	16	16	15	15	16	15	15	14	14	14	14	14	14	14	14	0	0	0
Change in estimated acquisition earn-out payables
-13	-1	-6	-1	1	2	3	2	7	9	10	15	14	9	7	4	0	3	5	5	5	9	7	6	7	2	3	4	3	1	-2	-4	-2	-2	3	4	2	1	0	0	0	-	-
Total expenses
1,888	1,866	1,797	1,718	1,639	1,551	1,511	1,474	1,460	1,431	1,402	1,396	1,375	1,343	1,313	1,287	1,269	1,257	1,302	1,292	1,269	1,236	1,148	1,103	1,046	1,005	972	930	911	895	846	811	777	743	736	723	713	707	705	710	0	0	0
Income before income taxes
582	525	524	515	492	462	468	450	457	449	438	430	431	423	423	419	411	402	345	345	346	339	377	360	344	357	350	336	321	304	295	286	276	270	262	263	269	266	281	275	0	0	0
Income taxes
145	127	129	129	125	118	9	21	36	50	168	165	166	166	165	165	162	159	136	135	135	132	148	141	135	140	137	132	126	120	117	113	109	106	103	103	105	104	111	108	0	0	0
Net income
437	398	395	385	367	344	458	428	420	399	269	265	265	257	257	253	248	243	209	210	211	206	229	219	209	217	212	204	194	184	177	172	167	163	159	159	163	161	170	166	0	0	0
Net income per share:
Basic (in dollars per share)
0.54	0.27	0.41	0.33	0.41	0.26	0.38	0.27	0.33	0.67	0.27	0.24	0.25	-0.51	0.51	0.47	0.45	0.41	0.48	0.43	0.40	0.17	0.47	0.43	0.36	0.32	0.40	0.36	0.42	0.30	0.34	0.30	0.34	0.26	0.31	0.26	0.32	0.23	0.31	0.29	0.31	0.29	-
Diluted (in dollars per share)
0.54	0.26	0.41	0.33	0.40	0.26	0.38	0.26	0.32	0.65	0.27	0.23	0.25	-0.50	0.50	0.47	0.44	0.41	0.47	0.43	0.39	0.16	0.47	0.42	0.36	0.32	0.39	0.36	0.41	0.29	0.34	0.29	0.34	0.25	0.30	0.26	0.32	0.21	0.31	0.29	0.31	0.29	-
Weighted average number of shares outstanding:
Basic
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	139	139	139	139	138	138	138	138	138	138	137	137	137	136
Diluted
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	142	142	141	141	140	140	139	140	140	139	139	137	137	137
Dividends declared per share (in dollars per share)
0.08	0.09	0.08	0.08	0.08	0.08	0.07	0.07	0.07	0.07	0.06	0.06	0.07	-0.11	0.12	0.12	0.12	0.12	0.11	0.11	0.11	0.11	0.10	0.10	0.10	0.10	0.09	0.09	0.09	0.09	0.08	0.08	0.08	0.08	0.08	0.08	0.08	0.08	0.07	0.07	0.07	0.07	0.07