10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001193125-11-133929 |
| Period End Date | 20110331 |
| Filing Date | 20110510 |
| Fiscal Year | 2011 |
| Fiscal Period | Q1 |
| XBRL Instance | bro-20110331.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
66 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Common stock, par value |
CommonStockParOrStatedValuePerShare
|
$0.10 | USD | Point-in-time |
| Common stock, par value |
CommonStockParOrStatedValuePerShare
|
$0.10 | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$228.81M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$272.98M | USD | Point-in-time |
| Common stock, authorized shares |
CommonStockSharesAuthorized
|
280.00M | shares | Point-in-time |
| Common stock, authorized shares |
CommonStockSharesAuthorized
|
280.00M | shares | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$197.11M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$265.68M | USD | Point-in-time |
| Restricted cash and investments |
RestrictedCashAndInvestmentsCurrent
|
$123.59M | USD | Point-in-time |
| Common stock, shares issued |
CommonStockSharesIssued
|
142.79M | shares | Point-in-time |
| Restricted cash and investments |
RestrictedCashAndInvestmentsCurrent
|
$115.64M | USD | Point-in-time |
| Common stock, shares issued |
CommonStockSharesIssued
|
142.55M | shares | Point-in-time |
| Common stock, shares outstanding |
CommonStockSharesOutstanding
|
142.79M | shares | Point-in-time |
| Common stock, shares outstanding |
CommonStockSharesOutstanding
|
142.55M | shares | Point-in-time |
| Short-term investments |
ShortTermInvestments
|
$7.48M | USD | Point-in-time |
| Short-term investments |
ShortTermInvestments
|
$7.68M | USD | Point-in-time |
| Tax effect of accumulated other comprehensive income |
OtherComprehensiveIncomeLossTax
|
$4.00K | USD | 1 Quarter |
| Premiums, commissions and fees receivable |
PremiumsCommissionsAndFeesReceivable
|
$232.69M | USD | Point-in-time |
| Premiums, commissions and fees receivable |
PremiumsCommissionsAndFeesReceivable
|
$214.45M | USD | Point-in-time |
| Tax effect of accumulated other comprehensive income |
OtherComprehensiveIncomeLossTax
|
$4.00K | USD | Annual |
| Deferred income taxes |
DeferredTaxAssetsNetCurrent
|
$8.23M | USD | Point-in-time |
| Deferred income taxes |
DeferredTaxAssetsNetCurrent
|
$20.08M | USD | Point-in-time |
| Other current assets |
OtherAssetsCurrent
|
$14.03M | USD | Point-in-time |
| Other current assets |
OtherAssetsCurrent
|
$25.24M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$652.81M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$654.96M | USD | Point-in-time |
| Fixed assets, net |
PropertyPlantAndEquipmentNet
|
$59.57M | USD | Point-in-time |
| Fixed assets, net |
PropertyPlantAndEquipmentNet
|
$59.71M | USD | Point-in-time |
| Goodwill |
Goodwill
|
$1.23B | USD | Point-in-time |
| Goodwill |
Goodwill
|
$1.19B | USD | Point-in-time |
| Amortizable intangible assets, net |
IntangibleAssetsNetExcludingGoodwill
|
$481.90M | USD | Point-in-time |
| Amortizable intangible assets, net |
IntangibleAssetsNetExcludingGoodwill
|
$485.53M | USD | Point-in-time |
| Other assets |
OtherAssetsNoncurrent
|
$11.56M | USD | Point-in-time |
| Other assets |
OtherAssetsNoncurrent
|
$18.57M | USD | Point-in-time |
| Total assets |
Assets
|
$2.44B | USD | Point-in-time |
| Total assets |
Assets
|
$2.40B | USD | Point-in-time |
| Premiums payable to insurance companies |
PremiumsPayableToInsuranceCompanies
|
$330.75M | USD | Point-in-time |
| Premiums payable to insurance companies |
PremiumsPayableToInsuranceCompanies
|
$311.35M | USD | Point-in-time |
| Premium deposits and credits due customers |
PremiumDepositsAndCreditsDueCustomers
|
$28.51M | USD | Point-in-time |
| Premium deposits and credits due customers |
PremiumDepositsAndCreditsDueCustomers
|
$31.55M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$31.63M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$33.69M | USD | Point-in-time |
| Accrued expenses and other liabilities |
AccruedLiabilitiesCurrent
|
$94.95M | USD | Point-in-time |
| Accrued expenses and other liabilities |
AccruedLiabilitiesCurrent
|
$64.71M | USD | Point-in-time |
| Current portion of long-term debt |
DebtCurrent
|
$1.66M | USD | Point-in-time |
| Current portion of long-term debt |
DebtCurrent
|
$1.21M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$470.16M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$459.85M | USD | Point-in-time |
| Long-term debt |
LongTermDebtNoncurrent
|
$250.07M | USD | Point-in-time |
| Long-term debt |
LongTermDebtNoncurrent
|
$250.07M | USD | Point-in-time |
| Deferred income taxes, net |
DeferredTaxLiabilitiesNoncurrent
|
$153.16M | USD | Point-in-time |
| Deferred income taxes, net |
DeferredTaxLiabilitiesNoncurrent
|
$146.48M | USD | Point-in-time |
| Other liabilities |
OtherLiabilitiesNoncurrent
|
$27.76M | USD | Point-in-time |
| Other liabilities |
OtherLiabilitiesNoncurrent
|
$36.51M | USD | Point-in-time |
| Common stock, par value $0.10 per share; authorized 280,000 shares; issued and outstanding 142,548 at 2011 and 142,795 at 2010 |
CommonStockValue
|
$14.28M | USD | Point-in-time |
| Common stock, par value $0.10 per share; authorized 280,000 shares; issued and outstanding 142,548 at 2011 and 142,795 at 2010 |
CommonStockValue
|
$14.26M | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapitalCommonStock
|
$287.00M | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapitalCommonStock
|
$290.20M | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$1.21B | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$1.24B | USD | Point-in-time |
| Accumulated other comprehensive income, net of related income tax effect of $4 at 2011 and $4 at 2010 |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$6.00K | USD | Point-in-time |
| Accumulated other comprehensive income, net of related income tax effect of $4 at 2011 and $4 at 2010 |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$7.00K | USD | Point-in-time |
| Total shareholders' equity |
StockholdersEquity
|
$1.54B | USD | Point-in-time |
| Total shareholders' equity |
StockholdersEquity
|
$1.51B | USD | Point-in-time |
| Total liabilities and shareholders' equity |
LiabilitiesAndStockholdersEquity
|
$2.44B | USD | Point-in-time |
| Total liabilities and shareholders' equity |
LiabilitiesAndStockholdersEquity
|
$2.40B | USD | Point-in-time |
Income Statement
40 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Commissions and fees |
InsuranceCommissionsAndFees
|
$261.45M | USD | 1 Quarter |
| Commissions and fees |
InsuranceCommissionsAndFees
|
$250.67M | USD | 1 Quarter |
| Investment income |
InvestmentIncome
|
$224.00K | USD | 1 Quarter |
| Investment income |
InvestmentIncome
|
$331.00K | USD | 1 Quarter |
| Other income, net |
OtherIncome
|
$1.27M | USD | 1 Quarter |
| Other income, net |
OtherIncome
|
$552.00K | USD | 1 Quarter |
| Total revenues |
Revenues
|
$252.27M | USD | 1 Quarter |
| Total revenues |
Revenues
|
$262.23M | USD | 1 Quarter |
| Employee compensation and benefits |
EmployeeCompensationAndBenefits
|
$122.18M | USD | 1 Quarter |
| Employee compensation and benefits |
EmployeeCompensationAndBenefits
|
$126.56M | USD | 1 Quarter |
| Non-cash stock-based compensation |
ShareBasedCompensation
|
$1.96M | USD | 1 Quarter |
| Non-cash stock-based compensation |
ShareBasedCompensation
|
$2.77M | USD | 1 Quarter |
| Other operating expenses |
OtherCostAndExpenseOperating
|
$36.33M | USD | 1 Quarter |
| Other operating expenses |
OtherCostAndExpenseOperating
|
$36.08M | USD | 1 Quarter |
| Amortization |
AdjustmentForAmortization
|
$12.55M | USD | 1 Quarter |
| Amortization |
AdjustmentForAmortization
|
$13.51M | USD | 1 Quarter |
| Depreciation |
Depreciation
|
$3.13M | USD | 1 Quarter |
| Depreciation |
Depreciation
|
$3.25M | USD | 1 Quarter |
| Interest |
InterestExpense
|
$3.61M | USD | 1 Quarter |
| Interest |
InterestExpense
|
$3.61M | USD | 1 Quarter |
| Change in estimated acquisition earn-out payables |
ChangeInEstimatedAcquisitionEarnOutPayable
|
$-99.00K | USD | 1 Quarter |
| Change in estimated acquisition earn-out payables |
ChangeInEstimatedAcquisitionEarnOutPayable
|
$-696.00K | USD | 1 Quarter |
| Total expenses |
OperatingExpenses
|
$179.19M | USD | 1 Quarter |
| Total expenses |
OperatingExpenses
|
$185.56M | USD | 1 Quarter |
| Income before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
$76.67M | USD | 1 Quarter |
| Income before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
$73.08M | USD | 1 Quarter |
| Income taxes |
IncomeTaxExpenseBenefit
|
$28.96M | USD | 1 Quarter |
| Income taxes |
IncomeTaxExpenseBenefit
|
$30.38M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$44.13M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$46.29M | USD | 1 Quarter |
| Basic |
EarningsPerShareBasic
|
$0.31 | USD | 1 Quarter |
| Basic |
EarningsPerShareBasic
|
$0.32 | USD | 1 Quarter |
| Diluted |
EarningsPerShareDiluted
|
$0.31 | USD | 1 Quarter |
| Diluted |
EarningsPerShareDiluted
|
$0.32 | USD | 1 Quarter |
| Basic |
WeightedAverageNumberOfSharesOutstandingBasic
|
137.62M | shares | 1 Quarter |
| Basic |
WeightedAverageNumberOfSharesOutstandingBasic
|
138.35M | shares | 1 Quarter |
| Diluted |
WeightedAverageNumberOfDilutedSharesOutstanding
|
137.79M | shares | 1 Quarter |
| Diluted |
WeightedAverageNumberOfDilutedSharesOutstanding
|
140.65M | shares | 1 Quarter |
| Dividends declared per share |
CommonStockDividendsPerShareDeclared
|
$0.08 | USD | 1 Quarter |
| Dividends declared per share |
CommonStockDividendsPerShareDeclared
|
$0.08 | USD | 1 Quarter |
Cash Flow Statement
66 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income |
NetIncomeLoss
|
$44.13M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$46.29M | USD | 1 Quarter |
| Amortization |
AdjustmentForAmortization
|
$12.55M | USD | 1 Quarter |
| Amortization |
AdjustmentForAmortization
|
$13.51M | USD | 1 Quarter |
| Depreciation |
Depreciation
|
$3.13M | USD | 1 Quarter |
| Depreciation |
Depreciation
|
$3.25M | USD | 1 Quarter |
| Non-cash stock-based compensation |
ShareBasedCompensation
|
$1.96M | USD | 1 Quarter |
| Non-cash stock-based compensation |
ShareBasedCompensation
|
$2.77M | USD | 1 Quarter |
| Change in estimated acquisition earn-out payables |
ChangeInEstimatedAcquisitionEarnOutPayableCf
|
$99.00K | USD | 1 Quarter |
| Change in estimated acquisition earn-out payables |
ChangeInEstimatedAcquisitionEarnOutPayableCf
|
$696.00K | USD | 1 Quarter |
| Deferred income taxes |
DeferredIncomeTaxExpenseBenefit
|
$15.37M | USD | 1 Quarter |
| Deferred income taxes |
DeferredIncomeTaxExpenseBenefit
|
$18.52M | USD | 1 Quarter |
| Income tax benefit from the issuance of common stock |
IncomeTaxBenefitFromExerciseOfSharesFromStockBenefitPlans
|
$-91.00K | USD | 1 Quarter |
| Net (gain) loss on sales of investments, fixed assets and customer accounts |
NetLossGainOnSalesOfInvestmentsFixedAssetsAndCustomerAccounts
|
$160.00K | USD | 1 Quarter |
| Net (gain) loss on sales of investments, fixed assets and customer accounts |
NetLossGainOnSalesOfInvestmentsFixedAssetsAndCustomerAccounts
|
$635.00K | USD | 1 Quarter |
| Restricted cash and investments decrease |
IncreaseDecreaseInRestrictedCash
|
$-8.90M | USD | 1 Quarter |
| Restricted cash and investments decrease |
IncreaseDecreaseInRestrictedCash
|
$-7.96M | USD | 1 Quarter |
| Premiums, commissions and fees receivable (increase) |
IncreaseDecreaseInPremiumsCommissionAndFeesReceivable
|
$-18.01M | USD | 1 Quarter |
| Premiums, commissions and fees receivable (increase) |
IncreaseDecreaseInPremiumsCommissionAndFeesReceivable
|
$-2.44M | USD | 1 Quarter |
| Other assets decrease (increase) |
IncreaseDecreaseInOtherOperatingAssets
|
$12.11M | USD | 1 Quarter |
| Other assets decrease (increase) |
IncreaseDecreaseInOtherOperatingAssets
|
$-1.68M | USD | 1 Quarter |
| Premiums payable to insurance companies increase |
IncreaseDecreaseInPremiumsPayableToInsuranceCompanies
|
$16.95M | USD | 1 Quarter |
| Premiums payable to insurance companies increase |
IncreaseDecreaseInPremiumsPayableToInsuranceCompanies
|
$19.02M | USD | 1 Quarter |
| Premium deposits and credits due customers increase (decrease) |
IncreaseDecreaseInPremiumDepositsAndCreditsDueCustomersDecreaseIncrease
|
$3.03M | USD | 1 Quarter |
| Premium deposits and credits due customers increase (decrease) |
IncreaseDecreaseInPremiumDepositsAndCreditsDueCustomersDecreaseIncrease
|
$-6.40M | USD | 1 Quarter |
| Accounts payable (decrease) increase |
IncreaseDecreaseInAccountsPayable
|
$-1.87M | USD | 1 Quarter |
| Accounts payable (decrease) increase |
IncreaseDecreaseInAccountsPayable
|
$11.91M | USD | 1 Quarter |
| Accrued expenses and other liabilities (decrease) |
IncreaseDecreaseInAccruedLiabilities
|
$-34.76M | USD | 1 Quarter |
| Accrued expenses and other liabilities (decrease) |
IncreaseDecreaseInAccruedLiabilities
|
$-30.20M | USD | 1 Quarter |
| Other liabilities (decrease) increase |
IncreaseDecreaseInOtherOperatingLiabilities
|
$2.03M | USD | 1 Quarter |
| Other liabilities (decrease) increase |
IncreaseDecreaseInOtherOperatingLiabilities
|
$-97.00K | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$51.60M | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$73.79M | USD | 1 Quarter |
| Additions to fixed assets |
PaymentsToAcquirePropertyPlantAndEquipment
|
$2.92M | USD | 1 Quarter |
| Additions to fixed assets |
PaymentsToAcquirePropertyPlantAndEquipment
|
$2.05M | USD | 1 Quarter |
| Payments for businesses acquired, net of cash acquired |
PaymentsToAcquireBusinessesNetOfCashAcquired
|
$43.85M | USD | 1 Quarter |
| Payments for businesses acquired, net of cash acquired |
PaymentsToAcquireBusinessesNetOfCashAcquired
|
$17.20M | USD | 1 Quarter |
| Proceeds from sales of fixed assets and customer accounts |
ProceedsFromSaleOfProductiveAssets
|
$241.00K | USD | 1 Quarter |
| Proceeds from sales of fixed assets and customer accounts |
ProceedsFromSaleOfProductiveAssets
|
$126.00K | USD | 1 Quarter |
| Purchases of investments |
PaymentsToAcquireInvestments
|
$3.06M | USD | 1 Quarter |
| Purchases of investments |
PaymentsToAcquireInvestments
|
$509.00K | USD | 1 Quarter |
| Proceeds from sales of investments |
ProceedsFromSaleMaturityAndCollectionsOfInvestments
|
$383.00K | USD | 1 Quarter |
| Proceeds from sales of investments |
ProceedsFromSaleMaturityAndCollectionsOfInvestments
|
$3.26M | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-19.14M | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-46.45M | USD | 1 Quarter |
| Payments on acquisition earn-outs |
PaymentsOnAcquisitionEarnOuts
|
$-358.00K | USD | 1 Quarter |
| Payments on long-term debt |
RepaymentsOfLongTermDebt
|
$12.40M | USD | 1 Quarter |
| Payments on long-term debt |
RepaymentsOfLongTermDebt
|
$1.10M | USD | 1 Quarter |
| Income tax benefit from the issuance of common stock |
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
|
$91.00K | USD | 1 Quarter |
| Issuances of common stock for employee stock benefit plans |
ProceedsFromStockOptionsExercised
|
$455.00K | USD | 1 Quarter |
| Issuances of common stock for employee stock benefit plans |
ProceedsFromStockOptionsExercised
|
$316.00K | USD | 1 Quarter |
| Repurchase stock benefit plan shares for employees to fund tax withholdings |
RepurchaseOfStockBenefitPlanSharesForEmployeesToFundTaxWithholdings
|
$4.00K | USD | 1 Quarter |
| Cash dividends paid |
PaymentsOfDividends
|
$11.40M | USD | 1 Quarter |
| Cash dividends paid |
PaymentsOfDividends
|
$11.02M | USD | 1 Quarter |
| Net cash used in financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-12.45M | USD | 1 Quarter |
| Net cash used in financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-22.96M | USD | 1 Quarter |
| Net (decrease) increase in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$31.69M | USD | 1 Quarter |
| Net (decrease) increase in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-7.30M | USD | 1 Quarter |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$228.81M | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$272.98M | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$197.11M | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$265.68M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$228.81M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$272.98M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$197.11M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$265.68M | USD | Point-in-time |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.