Marsh & McLennan Companies, Inc. MMC Income Statement

Marsh & mclennan companies, inc. (MMC)

Income statement / Quarterly

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	Dec'09	Sep'09	Jun'09	Mar'09	Sep'08	Jun'08
Revenue
4,651	4,264	3,968	4,349	4,071	3,712	3,504	3,734	4,000	3,685	3,341	3,495	3,503	3,364	3,135	3,376	3,336	3,338	3,115	3,225	3,215	3,246	3,141	3,300	3,264	3,115	2,932	3,088	3,126	3,002	2,845	3,026	3,051	2,908	2,806	2,928	2,884	2,785	2,524	2,606	2,635	2,398	2,354	2,470	2,609	2,819	3,033
Expense:
Compensation and benefits
2,555	2,478	2,437	2,537	2,282	2,163	2,083	2,135	2,224	2,114	1,968	1,998	2,005	2,151	1,817	1,872	1,854	2,135	1,878	1,826	1,730	1,896	1,904	1,876	1,839	1,833	1,824	1,766	1,803	1,802	1,760	1,776	1,796	1,767	1,753	1,728	1,721	1,690	1,586	1,614	1,575	1,550	1,533	1,528	1,571	1,805	1,879
Other operating expenses
1,026	1,194	1,064	1,132	851	928	880	908	868	901	838	796	749	813	746	778	749	844	776	770	750	814	792	777	752	793	704	745	716	794	707	732	728	750	743	735	691	770	699	1,042	635	883	626	648	714	950	859
Goodwill impairment charges
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	115
Operating expenses
3,581	3,672	3,501	3,669	3,133	3,091	2,963	3,043	3,092	3,015	2,806	2,794	2,754	2,964	2,563	2,650	2,603	2,979	2,654	2,596	2,480	2,710	2,696	2,653	2,591	2,626	2,528	2,511	2,519	2,596	2,467	2,508	2,524	2,517	2,496	2,463	2,412	2,460	2,285	2,656	2,210	2,433	2,159	2,176	2,285	2,755	2,853
Operating Income (Loss)
1,070	592	467	680	938	621	541	691	908	670	535	701	749	400	572	726	733	359	461	629	735	536	445	647	673	489	404	577	607	406	378	518	527	391	310	465	472	325	239	-50	425	-35	195	294	324	64	180
Defined Benefit Plan, Other Cost (Credit)
-64	-62	-69	-70	-64	-21	-63	-65	-66	-16	-62	-63	-60	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest income
2	5	4	2	28	3	2	3	3	3	2	2	2	1	0	2	2	4	3	3	3	5	6	5	5	5	5	4	4	6	6	6	6	7	9	5	7	7	6	3	4	4	3	4	6	10	12
Interest expense
127	130	133	141	120	92	69	68	61	59	60	60	58	48	47	48	46	46	41	40	36	36	45	42	42	43	40	40	44	46	44	45	46	50	49	49	51	53	60	60	60	61	59	65	56	54	55
Investment (loss) income
-2	2	7	8	5	12	-52	28	0	12	-2	5	0	-	1	1	-3	-1	34	3	2	0	26	-2	13	11	14	23	21	4	-4	4	20	-4	0	-6	19	19	-2	18	8	23	22	-32	-15	-23	-16
Cost of extinguishment of debt
-	-	0	-32	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-72	-	-	-	0	-	-	-	-	-	-	-	-
Acquisition related derivative contracts
0	0	0	-37	29	-341	-100	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income before income taxes
1,007	531	414	550	944	224	385	719	916	642	537	711	753	588	525	681	686	551	457	595	704	368	432	608	649	438	383	564	588	370	336	483	507	344	198	415	447	298	183	-89	377	-69	161	201	259	-3	121
Income tax expense
240	135	108	206	217	65	106	183	220	614	140	204	175	147	141	201	196	171	128	166	206	99	127	168	192	131	123	164	176	105	90	144	153	100	65	129	128	106	55	-60	103	-57	-46	44	80	-20	66
Income from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	480	490	380	329	429	498	269	305	440	457	307	260	400	412	265	246	339	354	244	133	286	319	192	128	-29	274	-12	207	157	179	17	55
Discontinued operations, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1	2	0	-3	30	-1	-2	-1	0	-1	-5	12	-2	1	-2	0	16	2	3	12	14	43	271	-22	38	18	-347	1	-22	12
Net income before non-controlling interests
767	396	306	344	727	159	279	536	696	30	397	507	578	-	384	-	-	381	331	429	495	299	304	438	456	307	259	395	424	263	247	337	354	260	135	289	331	206	171	242	252	26	225	-190	180	-5	67
Less: Net income attributable to non-controlling interests
13	5	3	12	11	6	3	5	6	1	4	6	9	5	5	8	9	6	8	10	13	5	7	7	13	4	6	7	11	4	6	8	7	4	5	7	6	3	3	6	4	3	4	3	4	3	2
Net income attributable to the Company
754	391	303	332	716	153	276	531	690	29	393	501	569	436	379	472	481	375	323	419	482	294	297	431	443	303	253	388	413	259	241	329	347	256	130	282	325	203	168	236	248	23	221	-193	176	-8	65
Net income per share attributable to the Company:
Basic net income per share
Continuing operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.72	0.61	0.78	0.90	0.49	0.55	0.79	0.81	0.56	0.46	0.71	0.73	0.47	0.44	0.61	0.64	0.44	0.24	0.51	0.57	0.34	0.23	-0.06	0.50	-0.02	0.38	0.28	0.33	0.03	0.10
Basic net income per share attributable to the Company (usd per share)
1.49	0.76	0.60	0.66	1.42	0.30	0.55	1.05	1.36	0.06	0.77	0.98	1.10	0.85	0.73	0.91	0.92	0.73	0.61	0.78	0.89	0.55	0.55	0.78	0.81	0.55	0.46	0.71	0.75	0.48	0.44	0.60	0.64	0.48	0.24	0.51	0.59	0.37	0.30	0.43	0.46	0.05	0.41	-0.36	0.33	-0.02	0.12
Diluted net income per share
Continuing operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.72	0.60	0.77	0.89	0.49	0.54	0.78	0.80	0.55	0.45	0.70	0.72	0.47	0.43	0.60	0.63	0.44	0.23	0.50	0.56	0.35	0.22	-0.06	0.49	-0.03	0.38	0.28	0.33	0.03	0.10
Diluted net income per share attributable to the Company (usd per share)
1.48	0.77	0.59	0.65	1.40	0.31	0.54	1.04	1.34	0.06	0.76	0.96	1.09	0.84	0.73	0.90	0.91	0.72	0.61	0.77	0.88	0.54	0.54	0.77	0.80	0.55	0.45	0.69	0.74	0.47	0.44	0.59	0.63	0.47	0.24	0.50	0.58	0.37	0.30	0.43	0.45	0.05	0.41	-0.37	0.33	-0.02	0.12
Average number of shares outstanding:
Weighted Average Number of Shares Outstanding, Basic
505	506	506	507	505	505	504	507	508	511	512	514	515	516	518	521	521	522	528	535	539	539	544	549	548	548	549	551	548	545	544	545	542	537	540	547	544	543	543	541	533	527	524	522	515	513	512
Weighted Average Number of Shares Outstanding, Diluted
510	510	511	512	511	508	510	512	514	515	519	520	522	522	523	525	526	525	533	541	545	549	551	556	556	558	558	559	557	552	552	553	551	548	549	555	552	547	548	545	536	532	526	523	515	516	512
Dividends declared per share
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.40	-	-	-	0.40	0.20	0.20