◆ Market Data --:--
Commodities
Loading...
📈 Yields & Rates
Loading...
💱 FX Rates
Loading...
📈 Market Pulse
Loading...
🏛 Congress Trades
Loading...
👤 Insider Trades
Loading...

10-Q Filing

BROWN & BROWN, INC. CIK: 79282 Q1 2019
Filing Information
Form Type 10-Q
Accession Number 0000079282-19-000016
Period End Date 20190331
Filing Date 20190509
Fiscal Year 2019
Fiscal Period Q1
XBRL Instance bro-20190331x10q_htm.xml
Filing Contents
Balance Sheet 81 line items
Line Item Tag Value Unit Period
Common stock, par value (in dollars per share) CommonStockParOrStatedValuePerShare $0.10 USD Point-in-time
Common stock, par value (in dollars per share) CommonStockParOrStatedValuePerShare $0.10 USD Point-in-time
Common stock, shares authorized (in shares) CommonStockSharesAuthorized 560.00M shares Point-in-time
Common stock, shares authorized (in shares) CommonStockSharesAuthorized 560.00M shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $558.25M USD Point-in-time
Common stock, shares issued (in shares) CommonStockSharesIssued 295.84M shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $573.38M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $438.96M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $322.48M USD Point-in-time
Common stock, shares issued (in shares) CommonStockSharesIssued 293.38M shares Point-in-time
Restricted cash and investments RestrictedCashAndInvestmentsCurrent $338.63M USD Point-in-time
Restricted cash and investments RestrictedCashAndInvestmentsCurrent $302.41M USD Point-in-time
Common stock, shares outstanding (in shares) CommonStockSharesOutstanding 279.58M shares Point-in-time
Common stock, shares outstanding (in shares) CommonStockSharesOutstanding 282.05M shares Point-in-time
Short-term investments ShortTermInvestments $10.52M USD Point-in-time
Short-term investments ShortTermInvestments $12.87M USD Point-in-time
Treasury stock shares (in shares) TreasuryStockShares 13.80M shares Point-in-time
Treasury stock shares (in shares) TreasuryStockShares 13.80M shares Point-in-time
Premiums, commissions and fees receivable PremiumsCommissionsAndFeesReceivable $847.13M USD Point-in-time
Premiums, commissions and fees receivable PremiumsCommissionsAndFeesReceivable $844.82M USD Point-in-time
Reinsurance recoverable ReinsuranceRecoverablesGross $51.36M USD Point-in-time
Reinsurance recoverable ReinsuranceRecoverablesGross $65.40M USD Point-in-time
Prepaid reinsurance premiums PrepaidReinsurancePremiums $314.36M USD Point-in-time
Prepaid reinsurance premiums PrepaidReinsurancePremiums $337.92M USD Point-in-time
Other current assets OtherAssetsCurrent $146.49M USD Point-in-time
Other current assets OtherAssetsCurrent $128.72M USD Point-in-time
Total current assets AssetsCurrent $2.17B USD Point-in-time
Total current assets AssetsCurrent $1.99B USD Point-in-time
Fixed assets, net PropertyPlantAndEquipmentNet $117.36M USD Point-in-time
Fixed assets, net PropertyPlantAndEquipmentNet $100.39M USD Point-in-time
Operating Lease, Right-of-Use Asset OperatingLeaseRightOfUseAsset - USD Point-in-time
Operating Lease, Right-of-Use Asset OperatingLeaseRightOfUseAsset $174.58M USD Point-in-time
Goodwill Goodwill $3.43B USD Point-in-time
Goodwill Goodwill $3.51B USD Point-in-time
Amortizable intangible assets, net IntangibleAssetsNetExcludingGoodwill $907.64M USD Point-in-time
Amortizable intangible assets, net IntangibleAssetsNetExcludingGoodwill $898.81M USD Point-in-time
Investments Investments $17.39M USD Point-in-time
Investments Investments $17.53M USD Point-in-time
Other assets OtherAssetsNoncurrent $71.97M USD Point-in-time
Other assets OtherAssetsNoncurrent $81.21M USD Point-in-time
Total assets Assets $6.69B USD Point-in-time
Total assets Assets $6.81B USD Point-in-time
Total assets Assets $5.62B USD Point-in-time
Premiums payable to insurance companies PremiumsPayableToInsuranceCompanies $857.56M USD Point-in-time
Premiums payable to insurance companies PremiumsPayableToInsuranceCompanies $801.48M USD Point-in-time
Losses and loss adjustment reserve LiabilityForClaimsAndClaimsAdjustmentExpense $51.36M USD Point-in-time
Losses and loss adjustment reserve LiabilityForClaimsAndClaimsAdjustmentExpense $65.21M USD Point-in-time
Unearned premiums UnearnedPremiums $314.36M USD Point-in-time
Unearned premiums UnearnedPremiums $337.92M USD Point-in-time
Premium deposits and credits due customers PremiumDepositsAndCreditsDueCustomers $94.43M USD Point-in-time
Premium deposits and credits due customers PremiumDepositsAndCreditsDueCustomers $105.64M USD Point-in-time
Accounts payable AccountsPayableCurrent $136.47M USD Point-in-time
Accounts payable AccountsPayableCurrent $87.34M USD Point-in-time
Accrued expenses and other liabilities AccruedLiabilitiesCurrent $193.99M USD Point-in-time
Accrued expenses and other liabilities AccruedLiabilitiesCurrent $279.31M USD Point-in-time
Current portion of long-term debt LongTermDebtCurrent $55.00M USD Point-in-time
Current portion of long-term debt LongTermDebtCurrent $50.00M USD Point-in-time
Total current liabilities LiabilitiesCurrent $1.65B USD Point-in-time
Total current liabilities LiabilitiesCurrent $1.78B USD Point-in-time
Long-term debt less unamortized discount and debt issuance costs LongTermDebtNoncurrent $1.46B USD Point-in-time
Long-term debt less unamortized discount and debt issuance costs LongTermDebtNoncurrent $1.44B USD Point-in-time
Operating Lease, Liability OperatingLeaseLiabilityNoncurrent $159.82M USD Point-in-time
Operating Lease, Liability OperatingLeaseLiabilityNoncurrent - USD Point-in-time
Deferred income taxes, net DeferredTaxLiabilitiesNoncurrent $300.86M USD Point-in-time
Deferred income taxes, net DeferredTaxLiabilitiesNoncurrent $315.73M USD Point-in-time
Other liabilities OtherLiabilitiesNoncurrent $132.39M USD Point-in-time
Other liabilities OtherLiabilitiesNoncurrent $160.11M USD Point-in-time
Common stock, par value $0.10 per share; authorized 560,000 shares; issued 286,961 shares and outstanding 276,074 shares at 2018, issued 286,929 shares and outstanding 276,210 shares at 2017 - in thousands. 2017 share amounts restated for the 2-for-1 stock split effective March 28, 2018 CommonStockValue $29.58M USD Point-in-time
Common stock, par value $0.10 per share; authorized 560,000 shares; issued 286,961 shares and outstanding 276,074 shares at 2018, issued 286,929 shares and outstanding 276,210 shares at 2017 - in thousands. 2017 share amounts restated for the 2-for-1 stock split effective March 28, 2018 CommonStockValue $29.34M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $615.18M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $621.25M USD Point-in-time
Treasury stock, at cost at 10,887 shares at 2018 and 10,719 shares at 2017, respectively - in thousands. TreasuryStockValue $477.57M USD Point-in-time
Treasury stock, at cost at 10,887 shares at 2018 and 10,719 shares at 2017, respectively - in thousands. TreasuryStockValue $477.57M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $2.83B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $2.93B USD Point-in-time
Total shareholders equity StockholdersEquity $2.58B USD Point-in-time
Total shareholders equity StockholdersEquity $3.00B USD Point-in-time
Total shareholders equity StockholdersEquity $2.77B USD Point-in-time
Total shareholders equity StockholdersEquity $3.10B USD Point-in-time
Total liabilities and shareholders equity LiabilitiesAndStockholdersEquity $6.81B USD Point-in-time
Total liabilities and shareholders equity LiabilitiesAndStockholdersEquity $6.69B USD Point-in-time
Income Statement 36 line items
Line Item Tag Value Unit Period
Commissions and fees InsuranceCommissionsAndFees $500.34M USD 1 Quarter
Commissions and fees InsuranceCommissionsAndFees $617.46M USD 1 Quarter
Investment income InvestmentIncomeNonoperating $601.00K USD 1 Quarter
Investment income InvestmentIncomeNonoperating $1.08M USD 1 Quarter
Other income, net OtherIncome $522.00K USD 1 Quarter
Other income, net OtherIncome $736.00K USD 1 Quarter
Total revenues Revenues $619.28M USD 1 Quarter
Total revenues Revenues $501.46M USD 1 Quarter
Employee compensation and benefits EmployeeCompensationAndBenefits $270.90M USD 1 Quarter
Employee compensation and benefits EmployeeCompensationAndBenefits $332.84M USD 1 Quarter
Other operating expenses OtherCostAndExpenseOperating $88.78M USD 1 Quarter
Other operating expenses OtherCostAndExpenseOperating $76.31M USD 1 Quarter
(Gain)/loss on disposal GainLossOnDispositionOfAssets1 $2.42M USD 1 Quarter
(Gain)/loss on disposal GainLossOnDispositionOfAssets1 $-505.00K USD 1 Quarter
Amortization AdjustmentForAmortization $26.19M USD 1 Quarter
Amortization AdjustmentForAmortization $20.54M USD 1 Quarter
Depreciation Depreciation $5.55M USD 1 Quarter
Depreciation Depreciation $6.04M USD 1 Quarter
Interest InterestExpense $15.20M USD 1 Quarter
Interest InterestExpense $9.67M USD 1 Quarter
Change in estimated acquisition earn-out payables ChangeInEstimatedAcquisitionEarnOutPayable $2.47M USD 1 Quarter
Change in estimated acquisition earn-out payables ChangeInEstimatedAcquisitionEarnOutPayable $1.21M USD 1 Quarter
Total expenses OperatingExpenses $470.76M USD 1 Quarter
Total expenses OperatingExpenses $383.02M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $148.52M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $118.44M USD 1 Quarter
Income taxes IncomeTaxExpenseBenefit $27.61M USD 1 Quarter
Income taxes IncomeTaxExpenseBenefit $34.62M USD 1 Quarter
Net income NetIncomeLoss $113.90M USD 1 Quarter
Net income NetIncomeLoss $90.83M USD 1 Quarter
Basic (in dollars per share) EarningsPerShareBasic $0.33 USD 1 Quarter
Basic (in dollars per share) EarningsPerShareBasic $0.41 USD 1 Quarter
Diluted (in dollars per share) EarningsPerShareDiluted $0.40 USD 1 Quarter
Diluted (in dollars per share) EarningsPerShareDiluted $0.32 USD 1 Quarter
Dividends declared per share (in dollars per share) CommonStockDividendsPerShareDeclared $0.08 USD 1 Quarter
Dividends declared per share (in dollars per share) CommonStockDividendsPerShareDeclared $0.07 USD 1 Quarter
Cash Flow Statement 86 line items
Line Item Tag Value Unit Period
Repayments of Lines of Credit RepaymentsOfLinesOfCredit $350.00M USD 1 Quarter
Repayments of Lines of Credit RepaymentsOfLinesOfCredit - USD 1 Quarter
Payments of Debt Issuance Costs PaymentsOfDebtIssuanceCosts - USD 1 Quarter
Payments of Debt Issuance Costs PaymentsOfDebtIssuanceCosts $3.70M USD 1 Quarter
Cash, Cash Equivalents and Restricted Cash CashCashEquivalentsandRestrictedCash $624.89M USD 1 Quarter
Cash, Cash Equivalents and Restricted Cash CashCashEquivalentsandRestrictedCash $777.60M USD Annual
Cash, Cash Equivalents and Restricted Cash CashCashEquivalentsandRestrictedCash $824.09M USD Annual
Cash, Cash Equivalents and Restricted Cash CashCashEquivalentsandRestrictedCash $826.38M USD 1 Quarter
Net income NetIncomeLoss $113.90M USD 1 Quarter
Net income NetIncomeLoss $90.83M USD 1 Quarter
Amortization AdjustmentForAmortization $26.19M USD 1 Quarter
Amortization AdjustmentForAmortization $20.54M USD 1 Quarter
Depreciation Depreciation $5.55M USD 1 Quarter
Depreciation Depreciation $6.04M USD 1 Quarter
Non-cash stock-based compensation ShareBasedCompensation $7.29M USD 1 Quarter
Non-cash stock-based compensation ShareBasedCompensation $12.99M USD 1 Quarter
Change in estimated acquisition earn-out payables ChangeInEstimatedAcquisitionEarnOutPayable $2.47M USD 1 Quarter
Change in estimated acquisition earn-out payables ChangeInEstimatedAcquisitionEarnOutPayable $1.21M USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $-12.09M USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $-14.88M USD 1 Quarter
Amortization of debt discount AmortizationOfDebtDiscountPremium $456.00K USD 1 Quarter
Amortization of debt discount AmortizationOfDebtDiscountPremium $407.00K USD 1 Quarter
Accretion (Amortization) of Discounts and Premiums, Investments AccretionAmortizationOfDiscountsAndPremiumsInvestments $-3.00K USD 1 Quarter
Accretion (Amortization) of Discounts and Premiums, Investments AccretionAmortizationOfDiscountsAndPremiumsInvestments $7.00K USD 1 Quarter
Payments On Acquisition Earn Outs In Excess Of Original Estimated Payables PaymentsOnAcquisitionEarnOutsInExcessOfOriginalEstimatedPayables - USD 1 Quarter
Payments On Acquisition Earn Outs In Excess Of Original Estimated Payables PaymentsOnAcquisitionEarnOutsInExcessOfOriginalEstimatedPayables $715.00K USD 1 Quarter
Net gain on sales of investments, fixed assets and customer accounts NetLossGainOnSalesOfInvestmentsFixedAssetsAndCustomerAccounts $-799.00K USD 1 Quarter
Net gain on sales of investments, fixed assets and customer accounts NetLossGainOnSalesOfInvestmentsFixedAssetsAndCustomerAccounts $2.39M USD 1 Quarter
Premiums, commissions and fees receivable decrease IncreaseDecreaseInPremiumsCommissionAndFeesReceivable $-7.67M USD 1 Quarter
Premiums, commissions and fees receivable decrease IncreaseDecreaseInPremiumsCommissionAndFeesReceivable $6.48M USD 1 Quarter
Reinsurance recoverables decrease IncreaseDecreaseInReinsuranceRecoverable $-14.04M USD 1 Quarter
Reinsurance recoverables decrease IncreaseDecreaseInReinsuranceRecoverable $-329.77M USD 1 Quarter
Prepaid reinsurance premiums decrease IncreaseDecreaseInPrepaidReinsurancePremiums $-23.56M USD 1 Quarter
Prepaid reinsurance premiums decrease IncreaseDecreaseInPrepaidReinsurancePremiums $-28.84M USD 1 Quarter
Other assets decrease IncreaseDecreaseInOtherOperatingAssets $29.52M USD 1 Quarter
Other assets decrease IncreaseDecreaseInOtherOperatingAssets $-806.00K USD 1 Quarter
Premiums payable to insurance companies (decrease) IncreaseDecreaseInPremiumsPayableToInsuranceCompanies $-2.69M USD 1 Quarter
Premiums payable to insurance companies (decrease) IncreaseDecreaseInPremiumsPayableToInsuranceCompanies $-61.23M USD 1 Quarter
Premium deposits and credits due customers increase IncreaseDecreaseInPremiumDepositsAndCreditsDueCustomersDecreaseIncrease $-11.36M USD 1 Quarter
Premium deposits and credits due customers increase IncreaseDecreaseInPremiumDepositsAndCreditsDueCustomersDecreaseIncrease $5.91M USD 1 Quarter
Losses and loss adjustment reserve (decrease) IncreaseDecreaseForLossAndLossAdjustmentExpense $-329.87M USD 1 Quarter
Losses and loss adjustment reserve (decrease) IncreaseDecreaseForLossAndLossAdjustmentExpense $-13.86M USD 1 Quarter
Unearned premiums (decrease) IncreaseDecreaseInUnearnedPremiums $-28.84M USD 1 Quarter
Unearned premiums (decrease) IncreaseDecreaseInUnearnedPremiums $-23.56M USD 1 Quarter
Accounts payable increase IncreaseDecreaseInAccountsPayable $52.90M USD 1 Quarter
Accounts payable increase IncreaseDecreaseInAccountsPayable $56.44M USD 1 Quarter
Accrued expenses and other liabilities (decrease) IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities $-94.51M USD 1 Quarter
Accrued expenses and other liabilities (decrease) IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities $-97.69M USD 1 Quarter
Other liabilities (decrease) IncreaseDecreaseInOtherOperatingLiabilities $8.32M USD 1 Quarter
Other liabilities (decrease) IncreaseDecreaseInOtherOperatingLiabilities $-2.38M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $5.36M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $79.48M USD 1 Quarter
Additions to fixed assets PaymentsToAcquirePropertyPlantAndEquipment $23.19M USD 1 Quarter
Additions to fixed assets PaymentsToAcquirePropertyPlantAndEquipment $9.75M USD 1 Quarter
Payments for businesses acquired, net of cash acquired PaymentsToAcquireBusinessesNetOfCashAcquired $33.58M USD 1 Quarter
Payments for businesses acquired, net of cash acquired PaymentsToAcquireBusinessesNetOfCashAcquired $95.08M USD 1 Quarter
Proceeds from sales of fixed assets and customer accounts ProceedsFromSaleOfProductiveAssets $142.00K USD 1 Quarter
Proceeds from sales of fixed assets and customer accounts ProceedsFromSaleOfProductiveAssets $32.00K USD 1 Quarter
Purchases of investments PaymentsToAcquireInvestments $6.14M USD 1 Quarter
Purchases of investments PaymentsToAcquireInvestments $31.00K USD 1 Quarter
Proceeds from Sale, Maturity and Collection of Investments ProceedsFromSaleMaturityAndCollectionsOfInvestments $2.39M USD 1 Quarter
Proceeds from Sale, Maturity and Collection of Investments ProceedsFromSaleMaturityAndCollectionsOfInvestments $6.53M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $-115.87M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $-42.80M USD 1 Quarter
Payments on acquisition earn-outs PaymentsOnAcquisitionEarnOuts $579.00K USD 1 Quarter
Payments on acquisition earn-outs PaymentsOnAcquisitionEarnOuts $1.76M USD 1 Quarter
Proceeds from Issuance of Long-term Debt ProceedsFromIssuanceOfLongTermDebt $350.00M USD 1 Quarter
Proceeds from Issuance of Long-term Debt ProceedsFromIssuanceOfLongTermDebt - USD 1 Quarter
Payments on long-term debt RepaymentsOfLongTermDebt $8.75M USD 1 Quarter
Payments on long-term debt RepaymentsOfLongTermDebt $5.00M USD 1 Quarter
Issuances of common stock for employee stock benefit plans ProceedsFromStockOptionsExercised $16.00K USD 1 Quarter
Issuances of common stock for employee stock benefit plans ProceedsFromStockOptionsExercised $720.00K USD 1 Quarter
Repurchase Of Stock Benefit Plan Shares For Employees To Fund Tax Withholdings RepurchaseOfStockBenefitPlanSharesForEmployeesToFundTaxWithholdings $6.83M USD 1 Quarter
Repurchase Of Stock Benefit Plan Shares For Employees To Fund Tax Withholdings RepurchaseOfStockBenefitPlanSharesForEmployeesToFundTaxWithholdings $7.66M USD 1 Quarter
Purchase of treasury stock PaymentsForRepurchaseOfCommonStock - USD 1 Quarter
Purchase of treasury stock PaymentsForRepurchaseOfCommonStock $11.25M USD 1 Quarter
Settlement (prepayment) of accelerated share repurchase program PaymentsForRepurchaseOfOtherEquity $-11.25M USD 1 Quarter
Settlement (prepayment) of accelerated share repurchase program PaymentsForRepurchaseOfOtherEquity - USD 1 Quarter
Cash dividends paid PaymentsOfDividends $22.35M USD 1 Quarter
Cash dividends paid PaymentsOfDividends $20.70M USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $-42.19M USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $-34.40M USD 1 Quarter
Cash and cash equivalents inclusive of restricted cash at end of period CashAndCashEquivalentsAtCarryingValue $558.25M USD Point-in-time
Cash and cash equivalents inclusive of restricted cash at end of period CashAndCashEquivalentsAtCarryingValue $573.38M USD Point-in-time
Cash and cash equivalents inclusive of restricted cash at end of period CashAndCashEquivalentsAtCarryingValue $438.96M USD Point-in-time
Cash and cash equivalents inclusive of restricted cash at end of period CashAndCashEquivalentsAtCarryingValue $322.48M USD Point-in-time
Stockholders Equity 16 line items
Line Item Tag Value Unit Period
Common Stock, Shares, Outstanding CommonStockSharesOutstanding 279.58M shares Point-in-time
Common Stock, Shares, Outstanding CommonStockSharesOutstanding 282.05M shares Point-in-time
Stockholders' Equity Attributable to Parent StockholdersEquity $2.58B USD Point-in-time
Stockholders' Equity Attributable to Parent StockholdersEquity $3.00B USD Point-in-time
Stockholders' Equity Attributable to Parent StockholdersEquity $2.77B USD Point-in-time
Stockholders' Equity Attributable to Parent StockholdersEquity $3.10B USD Point-in-time
Net Income (Loss) Attributable to Parent NetIncomeLoss $113.90M USD 1 Quarter
Net Income (Loss) Attributable to Parent NetIncomeLoss $90.83M USD 1 Quarter
Net Unrealized Holding Gain on Available for Sale Securities NetUnrealizedHoldingGainonAvailableforSaleSecurities $-132.00K USD Point-in-time
Net Unrealized Holding Gain on Available for Sale Securities NetUnrealizedHoldingGainonAvailableforSaleSecurities $106.00K USD Point-in-time
Stock Issued During Period, Value, Employee Benefit Plan StockIssuedDuringPeriodValueEmployeeBenefitPlan $6.21M USD 1 Quarter
Stock Issued During Period, Value, Employee Benefit Plan StockIssuedDuringPeriodValueEmployeeBenefitPlan $-321.00K USD 1 Quarter
Treasury Stock, Value, Acquired, Cost Method TreasuryStockValueAcquiredCostMethod - USD 1 Quarter
Common Stock Issued to Directors CommonStockIssuedtoDirectors 700,000.00 shares 1 Quarter
Dividends, Cash DividendsCash $22.35M USD 1 Quarter
Dividends, Cash DividendsCash $20.70M USD 1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

NEWS
Loading news...
TRENDING
Loading...