Brown & Brown, Inc. Website

Brown & Brown, Inc.

NYSE-BRO

Income Statement
Dec '14
Dec '15
Dec '16
Dec '17
Dec '18
Dec '19
Dec '20
Dec '21
Dec '22
Dec '23
LTM

Operating Revenues

2,384.7

2,606.1

3,047.5

3,563.2

4,199.4

4,445.4

Other Revenues, Total

—

—

—

—

—

1.7

4.5

2.8

3.7

5.3

8.3

Total Revenues

2,386.4

2,610.6

3,050.3

3,566.9

4,204.7

4,453.7

Total Revenues % Chg.

18.7%

9.4%

16.8%

16.9%

17.9%

12.2%

Cost of Goods Sold, Total

1,308.2

1,436.4

1,636.9

1,816.9

2,186.6

2,301.6

Gross Profit

1,078.2

1,174.2

1,413.4

1,750

2,018.1

2,152.1

Depreciation & Amortization

23.4

26.3

33.3

39.2

40

41

Amortization of Goodwill and Intangible Assets

105.3

108.5

119.6

146.6

166

169

Other Operating Expenses

377.1

366

403

585.6

636.8

654.8

Other Operating Expenses, Total

505.8

500.8

555.9

771.4

842.8

864.8

Operating Income

572.4

673.4

857.5

978.6

1,175.3

1,287.3

Interest Expense, Total

-63.7

-59

-65

-141.2

-190

-192

Interest And Investment Income

5.8

2.8

1.1

6.5

52.4

75.4

Net Interest Expenses

-57.9

-56.2

-63.9

-134.7

-137.6

-116.6

Other Non Operating Income (Expenses)

—

—

—

—

—

—

EBT, Excl. Unusual Items

514.5

617.2

793.6

843.9

1,037.7

1,170.7

Merger & Related Restructuring Charges

—

—

—

—

—

—

—

—

-11.2

-13.1

-7.1

Gain (Loss) On Sale Of Assets

10

2.4

9.6

4.5

143.3

166.3

Other Unusual Items

1.4

4.5

-40.4

38.9

-21.8

-19.8

EBT, Incl. Unusual Items

525.9

624.1

762.8

876.1

1,146.1

1,310.1

Income Tax Expense

127.4

143.6

175.7

204.3

275.6

312.6

Earnings From Continuing Operations

398.5

480.5

587.1

671.8

870.5

997.5

Minority Interest

—

—

—

—

—

—

—

—

—

—

-3

Net Income

398.5

480.5

587.1

671.8

870.5

994.5

Preferred Dividend and Other Adjustments

—

—

—

—

—

—

15.2

12.9

12.7

13.3

12.3

Net Income to Common Incl Extra Items

398.5

465.3

574.2

659.1

857.2

982.2

Net Income to Common Excl. Extra Items

398.5

465.3

574.2

659.1

857.2

982.2

Total Shares Outstanding

281.7

283

282.5

283.2

284.6

285

Weighted Avg. Shares Outstanding

281.6

274.3

276

277.5

279.6

280.6

Weighted Avg. Shares Outstanding Dil

283.7

275.8

277.4

278.6

280.8

282.3

EPS

1.4

1.7

2.1

2.4

3.1

3.5

EPS Diluted

1.4

1.7

2.1

2.4

3.1

3.5

EBITDA

701.1

808.2

1,010.4

1,164.4

1,381.3

1,497.3

Effective Tax Rate

24.2%

23%

23%

23.3%

24%

23.9%