Balance Sheet Aon plc

Equities

AON

IE00BLP1HW54

Multiline Insurance & Brokers

Market Closed - Nyse Other stock markets 04:00:02 2026-02-06 pm EST			5-day change	1st Jan Change
342.04 ^USD	-0.38%		-2.17%	-3.07%

Feb. 06	BMO Capital Adjusts Price Target on Aon to $390 From $380, Maintains Market Perform Rating	MT
Feb. 04	Sector Update: Financial Stocks Advance Late Afternoon	MT

6b208579ae.6aByZjUfKiHF4ysdN1KE-INga1ZmCAFkZ8ZKLdjaoj4.gOoKFVFybEvzonhWZgHTreYRLz4OZjhWJYksbrWV9VK9zUZTfiZwTujSWA

Published financial data: AON PLC

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Revenues	11.07B	12.19B	12.48B	13.38B	15.7B
Total Revenues	11.07B	12.19B	12.48B	13.38B	15.7B
Cost of Goods Sold, Total	5.89B	6.72B	6.66B	7B	8.33B
Gross Profit	5.17B	5.48B	5.82B	6.38B	7.37B
Selling General & Admin Expenses, Total	1.84B	3.04B	2.01B	2.08B	2.29B
Depreciation & Amortization - (IS)	167M	179M	151M	167M	183M
Amortization of Goodwill and Intangible Assets - (IS)	246M	147M	113M	89M	503M
Other Operating Expenses, Total	2.26B	3.36B	2.28B	2.34B	2.98B
Operating Income	2.92B	2.11B	3.55B	4.04B	4.39B
Interest Expense, Total	-334M	-322M	-406M	-484M	-788M
Interest And Investment Income	6M	11M	18M	31M	67M
Net Interest Expenses	-328M	-311M	-388M	-453M	-721M
Income (Loss) On Equity Invest.	4M	8M	10M	5M	10M
Currency Exchange Gains (Loss)	-11M	2M	-3M	-99M	8M
Other Non Operating Income (Expenses)	-12M	-21M	-7M	25M	48M
EBT, Excl. Unusual Items	2.57B	1.79B	3.16B	3.51B	3.73B
Restructuring Charges	-	-	-	-135M	-389M
Merger & Related Restructuring Charges	-123M	-	-	-17M	-186M
Gain (Loss) On Sale Of Investments	-	-	-	-	-
Gain (Loss) On Sale Of Assets	25M	142M	54M	4M	337M
Asset Writedown	-	-	-	-	-
Legal Settlements	-	-	-58M	-197M	-
Other Unusual Items	-7M	-	-	-	-34M
EBT, Incl. Unusual Items	2.46B	1.93B	3.16B	3.17B	3.46B
Income Tax Expense	448M	623M	510M	541M	742M
Earnings From Continuing Operations	2.02B	1.31B	2.65B	2.63B	2.72B
Earnings Of Discontinued Operations	1M	-	-	-	-
Net Income to Company	2.02B	1.31B	2.65B	2.63B	2.72B
Minority Interest	-49M	-53M	-57M	-64M	-66M
Net Income - (IS)	1.97B	1.26B	2.59B	2.56B	2.65B
Net Income to Common Incl Extra Items	1.97B	1.26B	2.59B	2.56B	2.65B
Net Income to Common Excl. Extra Items	1.97B	1.26B	2.59B	2.56B	2.65B
Per Share Items
Net EPS - Basic	8.49	5.59	12.23	12.6	12.55
Basic EPS - Continuing Operations	8.49	5.59	12.23	12.6	12.55
Basic Weighted Average Shares Outstanding	232M	225M	212M	204M	211M
Net EPS - Diluted	8.45	5.55	12.14	12.51	12.49
Diluted EPS - Continuing Operations	8.45	5.55	12.14	12.51	12.49
Diluted Weighted Average Shares Outstanding	233M	226M	213M	205M	212M
Normalized Basic EPS	6.72	4.74	9.06	10.48	10.73
Normalized Diluted EPS	6.68	4.71	9	10.4	10.67
Dividend Per Share	1.78	1.99	2.19	2.4	2.64
Payout Ratio	20.92	35.62	17.88	19.07	21.18
American Depositary Receipts Ratio (ADR)	0.25	0.25	0.25	0.25	0.25
Supplemental Items
EBITDA	3.33B	2.44B	3.81B	4.29B	5.08B
EBITA	3.16B	2.26B	3.66B	4.12B	4.89B
EBIT	2.92B	2.11B	3.55B	4.04B	4.39B
EBITDAR	3.59B	2.73B	4.07B	4.57B	5.4B
Total Revenues (As Reported)	-	-	-	-	-
Effective Tax Rate - (Ratio)	18.17	32.26	16.16	17.07	21.43
Current Domestic Taxes	2M	2M	2M	4M	13M
Current Foreign Taxes	437M	610M	760M	910M	1.04B
Total Current Taxes	439M	612M	762M	914M	1.05B
Deferred Domestic Taxes	-1M	-1M	-	-	-
Deferred Foreign Taxes	10M	12M	-252M	-373M	-311M
Total Deferred Taxes	9M	11M	-252M	-373M	-311M
Normalized Net Income	1.56B	1.07B	1.92B	2.13B	2.27B
Interest on Long-Term Debt	3M	1M	1M	-	-
Non-Cash Pension Expense	-20M	-33M	175M	85M	40M
Supplemental Operating Expense Items
General and Administrative Expenses	1.55B	2.71B	1.72B	1.79B	1.97B
Net Rental Expense, Total	259M	296M	260M	281M	320M
Imputed Operating Lease Interest Expense	79.12M	78.82M	76.42M	91.78M	135M
Imputed Operating Lease Depreciation	180M	217M	184M	189M	185M
Stock-Based Comp., COGS (Total)	312M	449M	397M	438M	474M
Stock-Based Comp., Other (Total)	-	-	-	-	-
Total Stock-Based Compensation	312M	449M	397M	438M	474M

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	842M	497M	648M	738M	1.04B
Short Term Investments	248M	179M	380M	289M	140M
Total Cash And Short Term Investments	1.09B	676M	1.03B	1.03B	1.18B
Accounts Receivable, Total	3.07B	3.09B	3.04B	3.25B	3.8B
Other Receivables	95M	53M	74M	35M	43M
Total Receivables	3.16B	3.15B	3.11B	3.29B	3.85B
Prepaid Expenses	111M	137M	109M	100M	135M
Deferred Tax Assets Current	-	-	-	-	-
Restricted Cash	41.8M	47.2M	42.5M	39.6M	44M
Other Current Assets, Total	14.28B	15.02B	16.44B	17.25B	18.23B
Total Current Assets	18.68B	19.03B	20.72B	21.7B	23.43B
Gross Property Plant And Equipment	2.87B	2.7B	2.69B	2.83B	2.87B
Accumulated Depreciation	-1.27B	-1.32B	-1.39B	-1.5B	-1.51B
Net Property Plant And Equipment	1.6B	1.38B	1.3B	1.33B	1.36B
Long-term Investments	74M	64M	60M	45M	90M
Goodwill	8.67B	8.43B	8.29B	8.41B	15.23B
Other Intangibles, Total	640M	492M	447M	234M	6.74B
Deferred Tax Assets Long-Term	724M	766M	824M	1.2B	654M
Deferred Charges Long-Term	184M	179M	185M	195M	207M
Other Long-Term Assets, Total	1.54B	1.57B	873M	841M	1.25B
Total Assets	32.11B	31.92B	32.7B	33.96B	48.96B
Liabilities
Accounts Payable, Total	2.02B	2.19B	2.11B	2.26B	2.9B
Accrued Expenses, Total	-	-	-	-	-
Short-term Borrowings	48M	665M	592M	597M	-
Current Portion of Long-Term Debt	400M	499M	353M	607M	751M
Current Portion of Leases	234M	213M	186M	182M	191M
Current Income Taxes Payable	80M	149M	193M	291M	260M
Unearned Revenue Current, Total	296M	321M	250M	270M	280M
Deferred Tax Liability Current	-	-	-	-	-
Other Current Liabilities	14.36B	15.03B	16.62B	17.44B	18.61B
Total Current Liabilities	17.43B	19.07B	20.31B	21.65B	23B
Long-Term Debt	7.28B	8.23B	9.82B	10B	16.26B
Long-Term Leases	962M	818M	721M	651M	685M
Unearned Revenue Non Current	76M	70M	37M	33M	30M
Pension & Other Post Retirement Benefits	1.76B	1.38B	1.19B	1.22B	1.13B
Deferred Tax Liability Non Current	262M	401M	99M	115M	319M
Other Non Current Liabilities	754M	794M	959M	1.03B	1.11B
Total Liabilities	28.53B	30.76B	33.13B	34.7B	42.54B
Common Stock, Total	2M	2M	2M	2M	2M
Additional Paid In Capital	6.31B	6.62B	6.86B	6.94B	13.17B
Retained Earnings	1.04B	-1.69B	-2.77B	-3.4B	-2.31B
Comprehensive Income and Other	-3.86B	-3.87B	-4.62B	-4.37B	-4.74B
Total Common Equity	3.5B	1.06B	-529M	-826M	6.12B
Minority Interest	88M	97M	100M	84M	309M
Total Equity	3.58B	1.16B	-429M	-742M	6.43B
Total Liabilities And Equity	32.11B	31.92B	32.7B	33.96B	48.96B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	226M	214M	205M	198M	216M
ECS Total Common Shares Outstanding	226M	215M	205M	199M	216M
Book Value / Share	15.5	4.94	-2.58	-4.16	28.34
Tangible Book Value	-5.81B	-7.86B	-9.27B	-9.47B	-15.86B
Tangible Book Value Per Share	-25.77	-36.62	-45.12	-47.7	-73.41
Total Debt	8.92B	10.42B	11.68B	12.03B	17.89B
Net Debt	7.84B	9.75B	10.65B	11B	16.71B
Debt Equivalent of Unfunded Proj. Benefit Obligation	-14M	-440M	170M	218M	192M
Debt Equivalent Oper. Leases	2.07B	2.37B	2.08B	2.25B	2.56B
Minority Interest, Total (Incl. Fin. Div)	88M	97M	100M	84M	309M
Account Code - Inventory Valuation	3	3	3	3	3
Machinery, Total	495M	547M	536M	563M	568M
Full Time Employees	50K	50K	50K	50K	60K
Accumulated Allowance for Doubtful Accounts (Supple)	98M	90M	76M	79M	75M

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	1.97B	1.26B	2.59B	2.56B	2.65B
Depreciation & Amortization - CF	167M	179M	151M	167M	183M
Amortization of Goodwill and Intangible Assets - (CF)	246M	147M	113M	89M	503M
Depreciation & Amortization, Total	413M	326M	264M	256M	686M
(Gain) Loss From Sale Of Asset	-25M	-142M	-54M	-4M	-337M
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	-
Asset Writedown & Restructuring Costs	-	-	-	-	-
Stock-Based Compensation (CF)	312M	449M	397M	438M	474M
Net Cash From Discontinued Operations	-1M	-	-	-	-
Other Operating Activities, Total	58M	64M	-25M	-281M	-379M
Change In Accounts Receivable	108M	-119M	-96M	-188M	-312M
Change In Accounts Payable	186M	264M	-22M	13M	393M
Change In Income Taxes	-17M	200M	216M	174M	-
Change in Other Net Operating Assets	-220M	-115M	-50M	463M	-144M
Cash from Operations	2.78B	2.18B	3.22B	3.44B	3.04B
Capital Expenditure	-141M	-137M	-196M	-252M	-218M
Cash Acquisitions	-368M	-14M	-162M	-35M	-3.51B
Divestitures	30M	218M	81M	5M	700M
Investment in Marketable and Equity Securities, Total	-200M	-18M	-172M	94M	191M
Other Investing Activities, Total	-	-	-	-	-
Cash from Investing	-679M	49M	-449M	-188M	-2.83B
Short Term Debt Issued, Total	-	568M	702M	358M	280M
Long-Term Debt Issued, Total	4.15B	5.97B	1.97B	744M	7.93B
Total Debt Issued	4.15B	6.54B	2.67B	1.1B	8.21B
Short Term Debt Repaid, Total	-	-	-65M	-27M	-591M
Long-Term Debt Repaid, Total	-3.88B	-4.22B	-500M	-350M	-4.93B
Total Debt Repaid	-3.88B	-4.22B	-565M	-377M	-5.52B
Issuance of Common Stock	-	-	58M	72M	79M
Repurchase of Common Stock	-1.76B	-3.54B	-3.42B	-2.94B	-1.2B
Common Dividends Paid	-412M	-447M	-463M	-489M	-562M
Common & Preferred Stock Dividends Paid	-412M	-447M	-463M	-489M	-562M
Other Financing Activities, Total	-184M	-255M	-71M	-232M	-206M
Cash from Financing	-2.09B	-1.92B	-1.79B	-2.86B	796M
Foreign Exchange Rate Adjustments	78M	-235M	-549M	264M	-387M
Net Change in Cash	94M	72M	431M	646M	611M
Supplemental Items
Cash Interest Paid	326M	328M	351M	446M	658M
Cash Income Tax Paid (Refund)	455M	412M	546M	740M	1.05B
Levered Free Cash Flow	2.36B	1.94B	2.57B	2.77B	3.41B
Unlevered Free Cash Flow	2.57B	2.14B	2.82B	3.07B	3.9B
Change In Net Working Capital	-166M	-183M	-139M	-109M	-214M
Net Debt Issued / Repaid	271M	2.32B	2.1B	725M	2.69B

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	5.93	4.12	6.86	7.57	6.62
Return on Total Capital	14.87	10.95	19.43	22.38	15.41
Return On Equity %	57.37	55.18	725.93	-448.85	95.64
Return on Common Equity	57.29	55.09	973.31	-378.45	100.25
Margin Analysis
Gross Profit Margin %	46.76	44.91	46.66	47.67	46.93
SG&A Margin	16.66	24.92	16.12	15.58	14.6
EBITDA Margin %	30.09	19.99	30.55	32.09	32.33
EBITA Margin %	28.58	18.52	29.34	30.84	31.16
EBIT Margin %	26.36	17.31	28.43	30.17	27.96
Income From Continuing Operations Margin %	18.23	10.73	21.2	19.65	17.33
Net Income Margin %	17.79	10.29	20.75	19.17	16.91
Net Avail. For Common Margin %	17.78	10.29	20.75	19.17	16.91
Normalized Net Income Margin	14.07	8.74	15.37	15.94	14.45
Levered Free Cash Flow Margin	21.37	15.9	20.58	20.72	21.7
Unlevered Free Cash Flow Margin	23.25	17.55	22.61	22.98	24.84
Asset Turnover
Asset Turnover	0.36	0.38	0.39	0.4	0.38
Fixed Assets Turnover	6.81	8.19	9.32	10.34	11.75
Receivables Turnover (Average Receivables)	3.58	3.96	4.07	4.25	4.45
Short Term Liquidity
Current Ratio	1.07	1	1.02	1	1.02
Quick Ratio	0.24	0.2	0.2	0.2	0.22
Operating Cash Flow to Current Liabilities	0.16	0.11	0.16	0.16	0.13
Days Sales Outstanding (Average Receivables)	102.23	92.26	89.63	85.81	82.27
Average Days Payable Outstanding	122.84	114.33	118.07	114.09	113.5
Long Term Solvency
Total Debt/Equity	249.09	900.09	-2.72K	-1.62K	278.26
Total Debt / Total Capital	71.35	90	103.81	106.57	73.56
LT Debt/Equity	230.06	781.17	-2.46K	-1.43K	263.61
Long-Term Debt / Total Capital	65.9	78.11	93.76	94.3	69.69
Total Liabilities / Total Assets	88.84	96.37	101.31	102.18	86.87
EBIT / Interest Expense	8.73	6.56	8.74	8.34	5.57
EBITDA / Interest Expense	10.75	8.49	10.03	9.45	6.85
(EBITDA - Capex) / Interest Expense	10.32	8.06	9.55	8.93	6.57
Total Debt / EBITDA	2.49	3.81	2.87	2.63	3.32
Net Debt / EBITDA	2.18	3.57	2.62	2.41	3.1
Total Debt / (EBITDA - Capex)	2.59	4.02	3.01	2.78	3.46
Net Debt / (EBITDA - Capex)	2.27	3.75	2.75	2.55	3.23
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	0.48	10.18	2.35	7.19	17.36
Gross Profit, 1 Yr. Growth %	4.15	5.84	6.34	9.5	15.54
EBITDA, 1 Yr. Growth %	20.87	-24.01	56.42	12.59	18.24
EBITA, 1 Yr. Growth %	22.45	-25.72	62.13	12.67	18.59
EBIT, 1 Yr. Growth %	33.14	-24.45	68.07	13.75	8.75
Earnings From Cont. Operations, 1 Yr. Growth %	28.14	-35.18	102.29	-0.68	3.5
Net Income, 1 Yr. Growth %	28.52	-36.26	106.29	-0.97	3.51
Normalized Net Income, 1 Yr. Growth %	38.01	-28.08	80.07	11.17	6.35
Diluted EPS Before Extra, 1 Yr. Growth %	32.65	-34.32	118.74	3.05	-0.16
Accounts Receivable, 1 Yr. Growth %	-1.35	0.78	-1.91	7.22	16.87
Net Property, Plant and Equip., 1 Yr. Growth %	-3.09	-13.82	-5.66	5.89	3.27
Total Assets, 1 Yr. Growth %	9.21	-0.61	2.47	3.84	44.19
Tangible Book Value, 1 Yr. Growth %	4.27	35.35	17.84	2.22	67.36
Common Equity, 1 Yr. Growth %	3.56	-69.64	-149.86	56.14	-841.04
Cash From Operations, 1 Yr. Growth %	51.66	-21.6	47.53	6.71	-11.64
Capital Expenditures, 1 Yr. Growth %	-37.33	-2.84	43.07	28.57	-13.49
Levered Free Cash Flow, 1 Yr. Growth %	67.15	-15.23	32.42	7.92	22.94
Unlevered Free Cash Flow, 1 Yr. Growth %	60.18	-14.26	31.82	8.93	26.86
Dividend Per Share, 1 Yr. Growth %	3.49	11.8	10.05	9.82	9.54
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	1.36	5.22	6.19	4.74	12.16
Gross Profit, 2 Yr. CAGR %	5.28	4.99	6.09	7.91	12.48
EBITDA, 2 Yr. CAGR %	18.06	-5.73	9.03	32.71	15.38
EBITA, 2 Yr. CAGR %	19.55	-6.27	9.74	35.16	15.6
EBIT, 2 Yr. CAGR %	27.44	-1.55	12.69	38.27	11.22
Earnings From Cont. Operations, 2 Yr. CAGR %	35.41	-8.81	14.51	41.75	1.39
Net Income, 2 Yr. CAGR %	31.77	-9.49	14.67	42.93	1.25
Normalized Net Income, 2 Yr. CAGR %	31.59	-2.46	13.8	41.49	8.74
Diluted EPS Before Extra, 2 Yr. CAGR %	40.35	-6.66	19.86	50.14	1.43
Accounts Receivable, 2 Yr. CAGR %	5.47	-0.29	-0.57	2.55	11.94
Net Property, Plant and Equip., 2 Yr. CAGR %	64.91	-8.61	-9.83	-1.72	3.9
Total Assets, 2 Yr. CAGR %	10.25	4.18	0.91	3.15	22.36
Tangible Book Value, 2 Yr. CAGR %	6.03	18.8	26.29	9.75	30.8
Common Equity, 2 Yr. CAGR %	-8.24	-43.93	-61.1	-11.77	240.16
Cash From Operations, 2 Yr. CAGR %	28.48	9.05	7.55	25.47	-2.9
Capital Expenditures, 2 Yr. CAGR %	-23.35	-21.97	17.9	35.63	5.46
Levered Free Cash Flow, 2 Yr. CAGR %	47.84	17.42	5.95	19.54	15.18
Unlevered Free Cash Flow, 2 Yr. CAGR %	43.16	15.72	6.32	19.83	17.56
Dividend Per Share, 2 Yr. CAGR %	6.82	7.56	10.92	9.93	9.79
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	3.44	4.22	4.25	6.52	8.79
Gross Profit, 3 Yr. CAGR %	7.13	5.47	5.44	7.21	10.39
EBITDA, 3 Yr. CAGR %	12.46	0.67	11.61	10.2	27.7
EBITA, 3 Yr. CAGR %	13.21	0.67	12.52	10.71	29.4
EBIT, 3 Yr. CAGR %	16.27	5.53	17.66	13.04	27.63
Earnings From Cont. Operations, 3 Yr. CAGR %	66.75	5.94	18.93	9.2	27.64
Net Income, 3 Yr. CAGR %	17.11	3.44	19.11	9.2	28.36
Normalized Net Income, 3 Yr. CAGR %	17.94	5.8	19.65	12.92	28.65
Diluted EPS Before Extra, 3 Yr. CAGR %	76.76	8.96	23.98	13.97	31.05
Accounts Receivable, 3 Yr. CAGR %	7.4	3.88	-0.83	1.96	7.12
Net Property, Plant and Equip., 3 Yr. CAGR %	41.53	32.83	-7.64	-5.93	-0.51
Total Assets, 3 Yr. CAGR %	7.17	6.5	3.61	1.88	15.33
Tangible Book Value, 3 Yr. CAGR %	1.8	15.02	18.48	17.7	26.33
Common Equity, 3 Yr. CAGR %	-8.64	-36.54	-46.08	-38.17	79.35
Cash From Operations, 3 Yr. CAGR %	55.93	8.98	20.6	7.27	11.63
Capital Expenditures, 3 Yr. CAGR %	-8.32	-17.05	-4.5	21.36	16.75
Levered Free Cash Flow, 3 Yr. CAGR %	7.08	21.48	22.22	6.6	20.66
Unlevered Free Cash Flow, 3 Yr. CAGR %	6.97	19.46	20.86	7.18	22.13
Dividend Per Share, 3 Yr. CAGR %	8.08	8.45	8.39	10.55	9.88
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	3.14	5.32	4.53	4.43	7.35
Gross Profit, 5 Yr. CAGR %	5.95	8.03	6.71	6.43	8.2
EBITDA, 5 Yr. CAGR %	9.65	4.48	10.24	12.43	13.1
EBITA, 5 Yr. CAGR %	10.3	4.7	10.92	13.26	13.74
EBIT, 5 Yr. CAGR %	10.6	5.2	13.84	17.58	15.04
Earnings From Cont. Operations, 5 Yr. CAGR %	9.99	0.86	43.49	19.03	11.58
Net Income, 5 Yr. CAGR %	7.29	-2.11	16.13	17.72	11.62
Normalized Net Income, 5 Yr. CAGR %	11.24	5.44	15.1	18.84	15.16
Diluted EPS Before Extra, 5 Yr. CAGR %	14.57	4.24	51.32	23.87	14.42
Accounts Receivable, 5 Yr. CAGR %	3.67	8	4.14	3.35	4.09
Net Property, Plant and Equip., 5 Yr. CAGR %	15.89	20.16	18.18	17.75	-3.83
Total Assets, 5 Yr. CAGR %	3.62	3.7	4.62	5.15	10.74
Tangible Book Value, 5 Yr. CAGR %	4.67	15.51	10.97	12.88	23.26
Common Equity, 5 Yr. CAGR %	-10.25	-27.98	-35.07	-27.6	12.64
Cash From Operations, 5 Yr. CAGR %	6.73	-1.27	34.4	15.3	10.59
Capital Expenditures, 5 Yr. CAGR %	-6.75	-2.56	1.38	0.98	-0.63
Levered Free Cash Flow, 5 Yr. CAGR %	3.66	7.19	5.92	20.7	19.36
Unlevered Free Cash Flow, 5 Yr. CAGR %	3.7	6.71	6.06	19.61	19.53
Dividend Per Share, 5 Yr. CAGR %	9.13	9.06	9.21	9.04	8.95