10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001193125-12-224970 |
| Period End Date | 20120331 |
| Filing Date | 20120510 |
| Fiscal Year | 2012 |
| Fiscal Period | Q1 |
| XBRL Instance | bro-20120331.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
|
$272.98M | USD | Point-in-time |
| Common stock, shares authorized |
CommonStockSharesAuthorized
|
280.00M | shares | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$265.68M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$286.31M | USD | Point-in-time |
| Common stock, shares authorized |
CommonStockSharesAuthorized
|
280.00M | shares | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$155.71M | USD | Point-in-time |
| Restricted cash and investments |
RestrictedCashAndInvestmentsCurrent
|
$189.52M | USD | Point-in-time |
| Common stock, shares issued |
CommonStockSharesIssued
|
143.32M | shares | Point-in-time |
| Restricted cash and investments |
RestrictedCashAndInvestmentsCurrent
|
$130.53M | USD | Point-in-time |
| Common stock, shares issued |
CommonStockSharesIssued
|
143.35M | shares | Point-in-time |
| Common stock, shares outstanding |
CommonStockSharesOutstanding
|
143.32M | shares | Point-in-time |
| Short-term investments |
ShortTermInvestments
|
$7.64M | USD | Point-in-time |
| Short-term investments |
ShortTermInvestments
|
$7.63M | USD | Point-in-time |
| Common stock, shares outstanding |
CommonStockSharesOutstanding
|
143.35M | shares | Point-in-time |
| Tax effect of accumulated other comprehensive income |
OtherComprehensiveIncomeLossTax
|
- | USD | 1 Quarter |
| Premiums, commissions and fees receivable |
PremiumsCommissionsAndFeesReceivable
|
$240.26M | USD | Point-in-time |
| Tax effect of accumulated other comprehensive income |
OtherComprehensiveIncomeLossTax
|
$4.00K | USD | Annual |
| Premiums, commissions and fees receivable |
PremiumsCommissionsAndFeesReceivable
|
$293.99M | USD | Point-in-time |
| Deferred income taxes |
DeferredTaxAssetsNetCurrent
|
$19.86M | USD | Point-in-time |
| Deferred income taxes |
DeferredTaxAssetsNetCurrent
|
$15.58M | USD | Point-in-time |
| Other current assets |
OtherAssetsCurrent
|
$35.34M | USD | Point-in-time |
| Other current assets |
OtherAssetsCurrent
|
$23.54M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$697.79M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$708.13M | USD | Point-in-time |
| Fixed assets, net |
PropertyPlantAndEquipmentNet
|
$68.30M | USD | Point-in-time |
| Fixed assets, net |
PropertyPlantAndEquipmentNet
|
$61.36M | USD | Point-in-time |
| Goodwill |
Goodwill
|
$1.32B | USD | Point-in-time |
| Goodwill |
Goodwill
|
$1.65B | USD | Point-in-time |
| Amortizable intangible assets, net |
IntangibleAssetsNetExcludingGoodwill
|
$581.27M | USD | Point-in-time |
| Amortizable intangible assets, net |
IntangibleAssetsNetExcludingGoodwill
|
$496.18M | USD | Point-in-time |
| Other assets |
OtherAssetsNoncurrent
|
$20.67M | USD | Point-in-time |
| Other assets |
OtherAssetsNoncurrent
|
$17.87M | USD | Point-in-time |
| Total assets |
Assets
|
$3.02B | USD | Point-in-time |
| Total assets |
Assets
|
$2.61B | USD | Point-in-time |
| Total assets |
Assets
|
$2.44B | USD | Point-in-time |
| Premiums payable to insurance companies |
PremiumsPayableToInsuranceCompanies
|
$437.51M | USD | Point-in-time |
| Premiums payable to insurance companies |
PremiumsPayableToInsuranceCompanies
|
$327.10M | USD | Point-in-time |
| Premium deposits and credits due customers |
PremiumDepositsAndCreditsDueCustomers
|
$30.05M | USD | Point-in-time |
| Premium deposits and credits due customers |
PremiumDepositsAndCreditsDueCustomers
|
$31.10M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$46.48M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$22.38M | USD | Point-in-time |
| Accrued expenses and other liabilities |
AccruedLiabilitiesCurrent
|
$100.86M | USD | Point-in-time |
| Accrued expenses and other liabilities |
AccruedLiabilitiesCurrent
|
$85.52M | USD | Point-in-time |
| Current portion of long-term debt |
LongTermDebtCurrent
|
$603.00K | USD | Point-in-time |
| Current portion of long-term debt |
LongTermDebtCurrent
|
$1.23M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$481.62M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$601.22M | USD | Point-in-time |
| Long-term debt |
LongTermDebtNoncurrent
|
$250.03M | USD | Point-in-time |
| Long-term debt |
LongTermDebtNoncurrent
|
$450.04M | USD | Point-in-time |
| Deferred income taxes, net |
DeferredTaxLiabilitiesNoncurrent
|
$178.05M | USD | Point-in-time |
| Deferred income taxes, net |
DeferredTaxLiabilitiesNoncurrent
|
$215.35M | USD | Point-in-time |
| Other liabilities |
OtherLiabilitiesNoncurrent
|
$53.34M | USD | Point-in-time |
| Other liabilities |
OtherLiabilitiesNoncurrent
|
$65.78M | USD | Point-in-time |
| Common stock, par value $0.10 per share; authorized 280,000 shares; issued and outstanding 143,322 at 2012 and 143,352 at 2011 |
CommonStockValue
|
$14.34M | USD | Point-in-time |
| Common stock, par value $0.10 per share; authorized 280,000 shares; issued and outstanding 143,322 at 2012 and 143,352 at 2011 |
CommonStockValue
|
$14.33M | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapitalCommonStock
|
$310.90M | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapitalCommonStock
|
$307.06M | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$1.32B | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$1.36B | USD | Point-in-time |
| Accumulated other comprehensive income, net of related income tax effect of $0 at 2012 and $4 at 2011 |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$7.00K | USD | Point-in-time |
| Total shareholders' equity |
StockholdersEquity
|
$1.69B | USD | Point-in-time |
| Total shareholders' equity |
StockholdersEquity
|
$1.64B | USD | Point-in-time |
| Total liabilities and shareholders' equity |
LiabilitiesAndStockholdersEquity
|
$2.61B | USD | Point-in-time |
| Total liabilities and shareholders' equity |
LiabilitiesAndStockholdersEquity
|
$3.02B | 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
|
$296.53M | USD | 1 Quarter |
| Investment income |
InvestmentIncome
|
$224.00K | USD | 1 Quarter |
| Investment income |
InvestmentIncome
|
$135.00K | USD | 1 Quarter |
| Other income, net |
OtherIncome
|
$5.82M | USD | 1 Quarter |
| Other income, net |
OtherIncome
|
$552.00K | USD | 1 Quarter |
| Total revenues |
Revenues
|
$302.49M | USD | 1 Quarter |
| Total revenues |
Revenues
|
$262.23M | USD | 1 Quarter |
| Employee compensation and benefits |
EmployeeCompensationAndBenefits
|
$126.56M | USD | 1 Quarter |
| Employee compensation and benefits |
EmployeeCompensationAndBenefits
|
$149.60M | USD | 1 Quarter |
| Non-cash stock-based compensation |
ShareBasedCompensation
|
$2.77M | USD | 1 Quarter |
| Non-cash stock-based compensation |
ShareBasedCompensation
|
$3.75M | USD | 1 Quarter |
| Other operating expenses |
OtherCostAndExpenseOperating
|
$43.40M | USD | 1 Quarter |
| Other operating expenses |
OtherCostAndExpenseOperating
|
$36.08M | USD | 1 Quarter |
| Amortization |
AdjustmentForAmortization
|
$15.61M | USD | 1 Quarter |
| Amortization |
AdjustmentForAmortization
|
$13.51M | USD | 1 Quarter |
| Depreciation |
Depreciation
|
$3.64M | USD | 1 Quarter |
| Depreciation |
Depreciation
|
$3.13M | USD | 1 Quarter |
| Interest |
InterestExpense
|
$3.61M | USD | 1 Quarter |
| Interest |
InterestExpense
|
$4.09M | USD | 1 Quarter |
| Change in estimated acquisition earn-out payables |
ChangeInEstimatedAcquisitionEarnOutPayable
|
$-99.00K | USD | 1 Quarter |
| Change in estimated acquisition earn-out payables |
ChangeInEstimatedAcquisitionEarnOutPayable
|
$-388.00K | USD | 1 Quarter |
| Total expenses |
OperatingExpenses
|
$219.70M | USD | 1 Quarter |
| Total expenses |
OperatingExpenses
|
$185.56M | USD | 1 Quarter |
| Income before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
$82.79M | USD | 1 Quarter |
| Income before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
$76.67M | USD | 1 Quarter |
| Income taxes |
IncomeTaxExpenseBenefit
|
$33.36M | USD | 1 Quarter |
| Income taxes |
IncomeTaxExpenseBenefit
|
$30.38M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$46.29M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$49.43M | USD | 1 Quarter |
| Basic |
EarningsPerShareBasic
|
$0.34 | USD | 1 Quarter |
| Basic |
EarningsPerShareBasic
|
$0.32 | USD | 1 Quarter |
| Diluted |
EarningsPerShareDiluted
|
$0.34 | USD | 1 Quarter |
| Diluted |
EarningsPerShareDiluted
|
$0.32 | USD | 1 Quarter |
| Basic |
WeightedAverageNumberOfSharesOutstandingBasic
|
138.35M | shares | 1 Quarter |
| Basic |
WeightedAverageNumberOfSharesOutstandingBasic
|
139.00M | shares | 1 Quarter |
| Diluted |
WeightedAverageNumberOfDilutedSharesOutstanding
|
141.50M | shares | 1 Quarter |
| Diluted |
WeightedAverageNumberOfDilutedSharesOutstanding
|
140.65M | shares | 1 Quarter |
| Dividends declared per share |
CommonStockDividendsPerShareDeclared
|
$0.09 | USD | 1 Quarter |
| Dividends declared per share |
CommonStockDividendsPerShareDeclared
|
$0.08 | USD | 1 Quarter |
Cash Flow Statement
73 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income |
NetIncomeLoss
|
$46.29M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$49.43M | USD | 1 Quarter |
| Amortization |
AdjustmentForAmortization
|
$15.61M | USD | 1 Quarter |
| Amortization |
AdjustmentForAmortization
|
$13.51M | USD | 1 Quarter |
| Depreciation |
Depreciation
|
$3.64M | USD | 1 Quarter |
| Depreciation |
Depreciation
|
$3.13M | USD | 1 Quarter |
| Non-cash stock-based compensation |
ShareBasedCompensation
|
$2.77M | USD | 1 Quarter |
| Non-cash stock-based compensation |
ShareBasedCompensation
|
$3.75M | USD | 1 Quarter |
| Change in estimated acquisition earn-out payables |
ChangeInEstimatedAcquisitionEarnOutPayableCf
|
$99.00K | USD | 1 Quarter |
| Change in estimated acquisition earn-out payables |
ChangeInEstimatedAcquisitionEarnOutPayableCf
|
$388.00K | USD | 1 Quarter |
| Deferred income taxes |
DeferredIncomeTaxExpenseBenefit
|
$18.52M | USD | 1 Quarter |
| Deferred income taxes |
DeferredIncomeTaxExpenseBenefit
|
$18.43M | USD | 1 Quarter |
| Income tax benefit from exercise of shares from the stock benefit plans |
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
|
$91.00K | USD | 1 Quarter |
| Income tax benefit from exercise of shares from the stock benefit plans |
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
|
$29.00K | USD | 1 Quarter |
| Net gain on sales of investments, fixed assets and customer accounts |
NetLossGainOnSalesOfInvestmentsFixedAssetsAndCustomerAccounts
|
$2.99M | USD | 1 Quarter |
| Net gain on sales of investments, fixed assets and customer accounts |
NetLossGainOnSalesOfInvestmentsFixedAssetsAndCustomerAccounts
|
$160.00K | USD | 1 Quarter |
| Restricted cash and investments (increase) decrease |
IncreaseDecreaseInRestrictedCash
|
$58.98M | USD | 1 Quarter |
| Restricted cash and investments (increase) decrease |
IncreaseDecreaseInRestrictedCash
|
$-7.96M | USD | 1 Quarter |
| Premiums, commissions and fees receivable (increase) |
IncreaseDecreaseInPremiumsCommissionAndFeesReceivable
|
$6.49M | USD | 1 Quarter |
| Premiums, commissions and fees receivable (increase) |
IncreaseDecreaseInPremiumsCommissionAndFeesReceivable
|
$18.01M | USD | 1 Quarter |
| Other assets decrease (increase) |
IncreaseDecreaseInOtherOperatingAssets
|
$-1.86M | USD | 1 Quarter |
| Other assets decrease (increase) |
IncreaseDecreaseInOtherOperatingAssets
|
$12.11M | USD | 1 Quarter |
| Premiums payable to insurance companies increase |
IncreaseDecreaseInPremiumsPayableToInsuranceCompanies
|
$28.90M | USD | 1 Quarter |
| Premiums payable to insurance companies increase |
IncreaseDecreaseInPremiumsPayableToInsuranceCompanies
|
$19.02M | USD | 1 Quarter |
| Premium deposits and credits due customers increase |
IncreaseDecreaseInPremiumDepositsAndCreditsDueCustomersDecreaseIncrease
|
$3.03M | USD | 1 Quarter |
| Premium deposits and credits due customers increase |
IncreaseDecreaseInPremiumDepositsAndCreditsDueCustomersDecreaseIncrease
|
$1.06M | USD | 1 Quarter |
| Accounts payable increase (decrease) |
IncreaseDecreaseInAccountsPayable
|
$22.48M | USD | 1 Quarter |
| Accounts payable increase (decrease) |
IncreaseDecreaseInAccountsPayable
|
$-1.87M | USD | 1 Quarter |
| Accrued expenses and other liabilities (decrease) |
IncreaseDecreaseInAccruedLiabilities
|
$-37.22M | USD | 1 Quarter |
| Accrued expenses and other liabilities (decrease) |
IncreaseDecreaseInAccruedLiabilities
|
$-30.20M | USD | 1 Quarter |
| Other liabilities (decrease) |
IncreaseDecreaseInOtherOperatingLiabilities
|
$-97.00K | USD | 1 Quarter |
| Other liabilities (decrease) |
IncreaseDecreaseInOtherOperatingLiabilities
|
$-13.28M | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$25.79M | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$51.60M | USD | 1 Quarter |
| Additions to fixed assets |
PaymentsToAcquirePropertyPlantAndEquipment
|
$5.91M | USD | 1 Quarter |
| Additions to fixed assets |
PaymentsToAcquirePropertyPlantAndEquipment
|
$2.92M | 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
|
$341.76M | USD | 1 Quarter |
| Proceeds from sales of fixed assets and customer accounts |
ProceedsFromSaleOfProductiveAssets
|
$4.10M | 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
|
$1.31M | USD | 1 Quarter |
| Proceeds from sales of investments |
ProceedsFromSaleMaturityAndCollectionsOfInvestments
|
$1.33M | USD | 1 Quarter |
| Proceeds from sales of investments |
ProceedsFromSaleMaturityAndCollectionsOfInvestments
|
$3.26M | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-343.54M | 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 acquisition earn-outs |
PaymentsOnAcquisitionEarnOuts
|
$133.00K | USD | 1 Quarter |
| Proceeds from long-term debt |
ProceedsFromIssuanceOfLongTermDebt
|
$200.00M | USD | 1 Quarter |
| Payments on long-term debt |
RepaymentsOfLongTermDebt
|
$614.00K | USD | 1 Quarter |
| Payments on long-term debt |
RepaymentsOfLongTermDebt
|
$1.10M | USD | 1 Quarter |
| Borrowings on revolving credit facilities |
ProceedsFromLinesOfCredit
|
$100.00M | USD | 1 Quarter |
| Payments on revolving credit facilities |
RepaymentsOfLinesOfCredit
|
$100.00M | USD | 1 Quarter |
| Income tax benefit from exercise of shares from the stock benefit plans |
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
|
$91.00K | USD | 1 Quarter |
| Income tax benefit from exercise of shares from the stock benefit plans |
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
|
$29.00K | USD | 1 Quarter |
| Issuances of common stock for employee stock benefit plans |
ProceedsFromStockOptionsExercised
|
$316.00K | USD | 1 Quarter |
| Issuances of common stock for employee stock benefit plans |
ProceedsFromStockOptionsExercised
|
$287.00K | USD | 1 Quarter |
| Repurchase stock benefit plan shares for employees to fund tax withholdings |
RepurchaseOfStockBenefitPlanSharesForEmployeesToFundTaxWithholdings
|
$224.00K | 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
|
$12.18M | USD | 1 Quarter |
| Net cash provided by (used in) financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$187.16M | USD | 1 Quarter |
| Net cash provided by (used in) financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-12.45M | USD | 1 Quarter |
| Net (decrease) in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-130.59M | USD | 1 Quarter |
| Net (decrease) in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-7.30M | USD | 1 Quarter |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$272.98M | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$265.68M | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$286.31M | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$155.71M | 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
|
$265.68M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$286.31M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$155.71M | USD | Point-in-time |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.