← BROWN & BROWN, INC.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||||
| Current assets: | |||||||||||
| Cash and Cash Equivalents, at Carrying Value | $515.6m | $573.4m | $439.0m | $542.2m | $817.4m | $887.0m | $650.0m | $700.3m | $675.0m | $1.1b | |
| Restricted Cash and Investments, Current | $265.6m | $250.7m | $338.6m | $420.8m | $454.5m | $583.2m | — | — | — | — | |
| Short-term Investments | $15.0m | $25.0m | $12.9m | $12.3m | $18.3m | $12.9m | $12.0m | $11.0m | $10.0m | — | |
| Assets, Current | $1.8b | $2.2b | $2.2b | $2.5b | $3.0b | $3.3b | $5.0b | $5.1b | $6.9b | $8.6b | |
| Property, Plant and Equipment, Net | $75.8m | $77.1m | $100.4m | $148.6m | $201.1m | $212.0m | $239.9m | $270.3m | $319.0m | $367.0m | |
| Goodwill | $2.7b | $2.7b | $3.4b | $3.7b | $4.4b | $4.7b | $6.7b | $7.3b | $8.0b | $15.1b | |
| Intangible Assets, Net (Excluding Goodwill) | $707.5m | $641.0m | $898.8m | $916.8m | $1.0b | $1.1b | $1.6b | $1.6b | $1.8b | $4.9b | |
| Operating Lease, Right-of-Use Asset | — | — | — | $184.3m | $187.0m | $197.0m | $214.9m | $198.8m | $200.0m | $269.0m | |
| Other Assets, Noncurrent | $44.9m | $57.3m | $72.0m | $104.9m | $149.6m | $206.8m | $230.9m | $301.8m | $366.0m | $748.0m | |
| Additional Financial Items | |||||||||||
| Accrued Liabilities, Current | $202.0m | $228.7m | $279.3m | $337.7m | $371.7m | $456.2m | $541.5m | $608.2m | $653.0m | $875.0m | |
| Assets | $5.3b | $5.7b | $6.7b | $7.6b | $9.0b | $9.8b | $14.0b | $14.9b | $17.6b | $30.0b | |
| LIABILITIES AND EQUITY | |||||||||||
| Current liabilities: | |||||||||||
| Operating Lease, Liability, Current | — | — | — | $43.4m | $43.5m | $43.4m | $45.0m | $45.4m | $47.0m | $62.0m | |
| Accounts Payable, Current | $69.6m | $64.2m | $87.3m | $100.0m | $190.5m | $206.4m | $286.5m | $458.9m | $373.0m | $990.0m | |
| Operating Lease, Liability, Noncurrent | — | — | — | $167.9m | $172.9m | $180.0m | $195.9m | $178.6m | $189.0m | $243.0m | |
| Long-term Debt, Excluding Current Maturities | $1.0b | $856.1m | $1.5b | $1.5b | $2.0b | $2.0b | $3.7b | $3.2b | $3.6b | $6.9b | |
| Long-term Debt, Current Maturities | $55.5m | $120.0m | $50.0m | $55.0m | $70.0m | $42.5m | $250.6m | $568.7m | $225.0m | $719.0m | |
| Liabilities, Current | $1.4b | $2.0b | $1.8b | $2.0b | $2.4b | $2.7b | $4.6b | $5.0b | $6.3b | $8.3b | |
| Deferred Income Tax Liabilities, Net | — | — | — | — | $344.2m | $386.8m | $584.0m | $616.2m | $711.0m | $815.0m | |
| Other Liabilities, Noncurrent | $81.3m | $65.1m | $132.4m | $230.7m | $314.9m | $384.0m | $298.9m | $326.0m | $362.0m | $1.2b | |
| Deferred Tax Liabilities, Net | $3.2m | $689k | — | — | $344.2m | $386.8m | $584.0m | $616.2m | $711.0m | $815.0m | |
| Stockholders’ equity: | |||||||||||
| Common Stock, Value, Issued | $14.8m | $14.9m | $29.3m | $29.7m | $30.0m | $30.1m | $30.3m | $30.4m | $31.0m | $36.0m | |
| Retained Earnings (Accumulated Deficit) | $2.1b | $2.5b | $2.8b | $3.1b | $3.5b | $4.0b | $4.6b | $5.3b | $6.1b | $7.0b | |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | — | — | — | — | — | ($9.4m) | ($148.4m) | ($19.1m) | ($109.0m) | $210.0m | |
| Additional Paid in Capital, Common Stock | $468.4m | $497.5m | $615.2m | $716.0m | $794.9m | $849.4m | $919.7m | $1.0b | $1.1b | $6.2b | |
| Stockholders' Equity Attributable to Parent | $2.4b | $2.6b | $3.0b | $3.4b | $3.8b | $4.2b | $4.6b | $5.6b | — | — | |
| Stockholders' Equity Attributable to Noncontrolling Interest | — | — | — | — | — | — | — | — | $17.0m | $26.0m | |
| Liabilities and Equity | $5.3b | $5.7b | $6.7b | $7.6b | $9.0b | $9.8b | $14.0b | $14.9b | $17.6b | $30.0b |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.