WILLIS TOWERS WATSON PLC WLTW Income Statement

Willis towers watson plc (WLTW)

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
Investment income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	16	16	15	15	15	15	17	18	22	25	28	31	32	35	37	38	39	41	0	0	0
Other income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8	8	9	7	3	4	2	4	5	0	0	-	-	0	-	-	-	-	0	0	-
Revenue
9,193	9,039	8,721	8,591	8,533	8,513	8,219	8,212	8,175	8,202	8,051	7,976	7,972	7,887	6,934	6,003	4,976	3,829	3,813	3,779	3,792	3,802	3,763	3,746	3,701	3,655	3,607	3,566	3,518	3,480	3,428	3,434	3,453	3,447	3,456	3,429	3,367	3,332	3,229	3,280	0	0	0
Commissions and fees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	6,844	5,924	4,947	3,809	3,778	3,745	3,758	3,767	3,739	3,722	3,677	3,633	3,589	3,547	3,499	3,458	3,401	3,405	3,420	3,414	3,422	3,392	3,329	3,293	3,189	3,238	0	0	0
Interest and other income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	90	79	29	20	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Costs of providing services
Salaries and benefits
5,295	5,249	5,142	5,097	5,094	5,123	5,181	5,155	5,091	4,967	5,009	4,916	4,906	4,849	4,121	3,572	2,932	2,303	2,298	2,297	2,311	2,314	2,283	2,255	2,209	2,207	2,605	2,566	2,537	2,475	2,018	2,005	2,010	2,087	2,041	2,014	1,965	1,868	1,853	1,834	0	0	0
Other operating expenses
1,785	1,719	1,681	1,638	1,632	1,637	1,579	1,571	1,556	1,534	1,535	1,539	1,521	1,551	1,376	1,183	989	718	681	660	654	659	660	653	639	636	639	636	606	600	625	625	660	656	613	596	567	564	564	574	0	0	0
Depreciation
284	240	226	221	213	208	205	206	206	203	197	188	181	178	157	137	116	95	92	90	91	92	96	94	91	94	88	88	86	79	77	73	73	74	74	71	68	63	60	60	0	0	0
Amortization
483	489	494	503	520	534	548	562	571	581	589	605	581	591	466	332	223	76	69	59	55	54	51	52	54	55	57	57	58	59	60	64	66	68	70	74	78	82	93	94	0	0	0
Restructuring costs
-	-	-	-	-	-	-	-	-	132	163	181	195	193	148	123	120	126	109	102	67	36	20	3	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transaction and integration expenses
16	13	66	110	165	202	240	264	272	269	237	199	165	177	201	165	136	84	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total costs of providing services
7,863	7,710	7,609	7,569	7,624	7,704	7,800	7,836	7,801	7,686	7,730	7,628	7,549	7,539	6,469	5,512	4,516	3,402	3,249	3,208	3,178	3,155	3,110	3,057	2,993	2,992	3,880	3,839	3,779	3,705	2,781	2,767	2,809	2,881	2,794	2,751	2,676	2,579	2,571	2,563	0	0	0
Net gain (loss) on disposal of operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1	0	0	4	2	0	0	-	-	0	-	0	-
Income from operations
1,330	1,329	1,112	1,022	909	809	419	376	374	516	321	348	423	348	465	491	460	427	564	571	614	647	653	689	708	663	-273	-273	-261	-225	647	667	644	566	662	678	691	753	658	717	0	0	0
Make-whole on repurchase and redemption of senior notes and write-off of unamortized debt issuance costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	171	0	0	0	-	-	-	-	-	-
Loss on extinguishment of debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Interest expense
241	234	226	215	211	208	203	199	193	188	185	183	184	184	177	167	155	142	137	136	136	135	134	130	127	126	124	126	127	128	141	147	148	156	154	156	163	166	171	174	0	0	0
Other income, net
264	227	238	253	249	250	238	206	177	164	319	267	239	178	3	26	43	55	44	26	0	6	-5	9	16	22	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
INCOME FROM OPERATIONS BEFORE INCOME TAXES
1,353	1,322	1,124	1,060	947	851	454	383	358	492	455	432	478	342	291	350	348	340	471	461	478	518	514	508	537	499	-426	-373	-366	-337	506	520	496	239	337	351	357	587	487	543	0	0	0
Provision for income taxes
260	249	219	189	160	136	-131	-102	-103	-100	-34	-79	-68	-96	15	-71	-71	-33	-2	112	152	159	158	167	137	122	75	74	81	101	112	104	99	32	62	70	74	140	83	104	0	0	0
INCOME FROM OPERATIONS BEFORE INTEREST IN EARNINGS OF ASSOCIATES
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	359	356	341	400	377	-501	-447	-447	-438	394	416	397	207	275	281	283	447	404	439	0	0	0
(LOSS)/INCOME FROM OPERATIONS BEFORE INTEREST IN EARNINGS OF ASSOCIATES
-	-	-	-	-	-	-	-	-	-	-	-	-	-	276	421	419	-	0	0	0	-	-	-	-	-	-	-	-	-	0	0	-	219	0	0	0	-	-	-	-	0	0
Interest in earnings of associates, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-4	-2	-4	11	12	12	11	14	8	4	4	0	4	3	5	5	1	13	11	12	19	18	19	23	43	0	0	0	-
Discontinued operations, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	0	0	-	-	-	-	0	-
NET INCOME
1,093	1,073	905	871	787	715	585	485	461	592	487	510	545	438	272	419	415	384	485	361	337	373	364	345	404	377	-498	-445	-442	-433	397	431	410	220	294	299	301	470	448	474	0	0	0
Income attributable to non-controlling interests
31	29	27	24	20	20	23	21	22	24	22	23	19	18	18	16	14	11	12	12	11	11	10	11	12	12	10	10	10	13	13	13	15	16	17	18	16	15	12	15	0	0	0
NET INCOME ATTRIBUTABLE TO WILLIS TOWERS WATSON
1,062	1,044	878	847	767	695	562	464	439	568	465	487	526	420	254	403	401	373	473	349	326	362	354	334	392	365	-508	-455	-452	-446	384	418	395	204	277	281	285	455	436	459	0	0	0
AMOUNTS ATTRIBUTABLE TO WILLIS GROUP HOLDINGS SHAREHOLDERS
Income (loss) from continuing operations, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	203	0	0	0	-	-	-	-	0	0
Income from discontinued operations, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	0	0	-	-	-	-	0	-
NET (INCOME) LOSS ATTRIBUTABLE TO WILLIS GROUP HOLDINGS
1,062	1,044	878	847	767	695	562	464	439	568	291	417	0	-	0	0	-	-	-	-	-	-	354	334	392	365	-508	-455	-452	-446	384	418	395	204	277	281	285	455	436	459	0	0	0
EARNINGS PER SHARE
Basic earnings per share
2.36	4.20	0.58	1.06	2.21	2.89	0.34	0.44	1.62	1.86	-0.40	0.24	2.51	1.02	-0.23	0.52	1.76	-0.35	1.72	1.03	3.09	3.81	-0.04	0.26	1.37	3.81	-0.15	0.60	1.27	-4.64	0.15	0.62	1.29	0.13	0.35	0.49	0.20	0.57	0.38	0.52	1.21	0.46	0.52
Diluted earnings per share
2.34	4.18	0.58	1.06	2.20	2.89	0.33	0.44	1.61	1.84	-0.40	0.24	2.50	1.01	-0.23	0.51	1.75	-0.34	1.70	1.01	3.04	3.75	-0.04	0.26	1.35	3.69	-0.15	0.59	1.24	-4.62	0.15	0.61	1.28	0.13	0.34	0.48	0.20	0.57	0.37	0.52	1.20	0.46	0.52
NET INCOME
1,093	1,073	905	871	787	715	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash dividends declared per share (usd per share)
-	-	-	-	-	-	-	-	-	-	-	0.53	0.53	-	0.48	0.48	0.48	0.82	0.82	0.82	0.82	2.28	0.30	0.30	0.30	2.13	0.28	0.28	0.28	0.27	0.27	0.27	0.27	0.26	0.26	0.26	0.26	0.26	0.26	0.26	0.26	0.26	0.26
Other comprehensive (loss)/income, net of tax:
Comprehensive income before non-controlling interests
621	843	454	520	277	267	648	658	950	976	21	-86	-329	-429	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-
Comprehensive income attributable to non-controlling interests
31	29	26	25	18	20	37	23	33	37	11	22	0	-2	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-
Comprehensive income attributable to Willis Towers Watson
590	814	428	495	259	247	611	635	917	939	10	-108	-329	-427	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-