Brown & Brown (BRO)
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[[ session ]] by (Cboe BZX)
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Fiscal Year End Date: 12/31
(Values in U.S. thousands)
| 12-2023 | 12-2022 | 12-2021 | 12-2020 | 12-2019 | |
| Cash Flows From Operating Activities | |||||
| Net Income | 870,500 | 671,800 | 587,100 | 480,500 | 398,514 |
| Depreciation Amortization | 70,200 | 186,200 | 148,700 | 136,300 | 130,764 |
| Income taxes - deferred | 12,300 | 42,800 | 33,600 | 16,000 | 12,383 |
| Accounts payable and accrued liabilities | 241,800 | 143,400 | 54,400 | 123,200 | 194,559 |
| Other Working Capital | -25,600 | -15,900 | -41,400 | 29,500 | 100,792 |
| Other Operating Activity | -159,700 | -146,900 | 26,400 | -72,500 | -158,832 |
| Operating Cash Flow | $1,009,500 | $881,400 | $808,800 | $713,000 | $678,180 |
| Cash Flows From Investing Activities | |||||
| PPE Investments | 37,700 | 7,800 | -28,400 | -61,100 | -51,516 |
| Net Acquisitions | -630,700 | -1,927,700 | -366,800 | -694,800 | -353,043 |
| Purchase Of Investment | -7,200 | -100 | -12,400 | -14,200 | -17,520 |
| Sale Of Investment | 13,200 | 7,400 | 10,800 | 11,000 | 8,494 |
| Investing Cash Flow | $-587,000 | $-1,912,600 | $-396,800 | $-759,100 | $-413,585 |
| Cash Flows From Financing Activities | |||||
| Change In Short Term Borrowing | 420,000 | 350,000 | N/A | 250,000 | 100,000 |
| Debt Issued | -250,600 | -61,300 | -73,100 | 700,000 | 350,000 |
| Debt Repayment | N/A | 2,000,000 | N/A | -55,000 | -50,000 |
| Common Stock Issued | 39,800 | 37,600 | 34,000 | 30,100 | 24,999 |
| Common Stock Repurchased | -100 | -74,100 | -82,600 | -55,100 | -69,604 |
| Dividend Paid | -135,000 | -119,500 | -107,200 | -100,600 | -91,344 |
| Other Financing Activity | -260,800 | -407,300 | 18,800 | -414,400 | -343,267 |
| Financing Cash Flow | $-186,700 | $1,725,400 | $-210,100 | $355,000 | $-79,216 |
| Exchange Rate Effect | 33,900 | -131,200 | -3,600 | N/A | 0 |
| Beginning Cash Position | 2,033,200 | 1,470,200 | 1,271,900 | 963,000 | 777,596 |
| End Cash Position | 2,302,900 | 2,033,200 | 1,470,200 | 1,271,900 | 962,975 |
| Net Cash Flow | $269,700 | $563,000 | $198,300 | $308,900 | $185,379 |
| Free Cash Flow | |||||
| Operating Cash Flow | 1,009,500 | 881,400 | 808,800 | 713,000 | 678,180 |
| Capital Expenditure | -68,900 | -52,600 | -45,000 | -70,700 | -73,108 |
| Free Cash Flow | 940,600 | 828,800 | 763,800 | 642,300 | 605,072 |