10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001193125-14-195014 |
| Period End Date | 20140331 |
| Filing Date | 20140512 |
| Fiscal Year | 2014 |
| Fiscal Period | Q1 |
| XBRL Instance | bro-20140331.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
62 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 |
| Common stock, shares authorized |
CommonStockSharesAuthorized
|
280,000.00 | shares | Point-in-time |
| Common stock, shares authorized |
CommonStockSharesAuthorized
|
280,000.00 | shares | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$250.02M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$219.82M | USD | Point-in-time |
| Common stock, shares issued |
CommonStockSharesIssued
|
145,409.00 | shares | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$340.21M | USD | Point-in-time |
| Common stock, shares issued |
CommonStockSharesIssued
|
145,419.00 | shares | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$202.95M | USD | Point-in-time |
| Common stock, shares outstanding |
CommonStockSharesOutstanding
|
145,419.00 | shares | Point-in-time |
| Restricted cash and investments |
RestrictedCashAndInvestmentsCurrent
|
$250.01M | USD | Point-in-time |
| Restricted cash and investments |
RestrictedCashAndInvestmentsCurrent
|
$252.87M | USD | Point-in-time |
| Common stock, shares outstanding |
CommonStockSharesOutstanding
|
145,409.00 | shares | Point-in-time |
| Short-term investments |
ShortTermInvestments
|
$10.97M | USD | Point-in-time |
| Short-term investments |
ShortTermInvestments
|
$10.62M | USD | Point-in-time |
| Premiums, commissions and fees receivable |
PremiumsCommissionsAndFeesReceivable
|
$395.92M | USD | Point-in-time |
| Premiums, commissions and fees receivable |
PremiumsCommissionsAndFeesReceivable
|
$404.47M | USD | Point-in-time |
| Deferred income taxes |
DeferredTaxAssetsNetCurrent
|
$29.28M | USD | Point-in-time |
| Deferred income taxes |
DeferredTaxAssetsNetCurrent
|
$12.38M | USD | Point-in-time |
| Other current assets |
OtherAssetsCurrent
|
$39.26M | USD | Point-in-time |
| Other current assets |
OtherAssetsCurrent
|
$33.65M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$928.04M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$964.36M | USD | Point-in-time |
| Fixed assets, net |
PropertyPlantAndEquipmentNet
|
$74.73M | USD | Point-in-time |
| Fixed assets, net |
PropertyPlantAndEquipmentNet
|
$74.58M | USD | Point-in-time |
| Goodwill |
Goodwill
|
$2.01B | USD | Point-in-time |
| Goodwill |
Goodwill
|
$2.01B | USD | Point-in-time |
| Amortizable intangible assets, net |
IntangibleAssetsNetExcludingGoodwill
|
$601.57M | USD | Point-in-time |
| Amortizable intangible assets, net |
IntangibleAssetsNetExcludingGoodwill
|
$618.89M | USD | Point-in-time |
| Other assets |
OtherAssetsNoncurrent
|
$21.68M | USD | Point-in-time |
| Other assets |
OtherAssetsNoncurrent
|
$27.29M | USD | Point-in-time |
| Total assets |
Assets
|
$3.65B | USD | Point-in-time |
| Total assets |
Assets
|
$3.23B | USD | Point-in-time |
| Total assets |
Assets
|
$3.67B | USD | Point-in-time |
| Premiums payable to insurance companies |
PremiumsPayableToInsuranceCompanies
|
$534.36M | USD | Point-in-time |
| Premiums payable to insurance companies |
PremiumsPayableToInsuranceCompanies
|
$532.24M | USD | Point-in-time |
| Premium deposits and credits due customers |
PremiumDepositsAndCreditsDueCustomers
|
$80.96M | USD | Point-in-time |
| Premium deposits and credits due customers |
PremiumDepositsAndCreditsDueCustomers
|
$91.39M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$34.16M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$62.42M | USD | Point-in-time |
| Accrued expenses and other liabilities |
AccruedLiabilitiesCurrent
|
$157.40M | USD | Point-in-time |
| Accrued expenses and other liabilities |
AccruedLiabilitiesCurrent
|
$106.44M | USD | Point-in-time |
| Current portion of long-term debt |
LongTermDebtCurrent
|
$100.00M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$906.88M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$792.49M | USD | Point-in-time |
| Long-term debt |
LongTermDebtNoncurrent
|
$480.00M | USD | Point-in-time |
| Long-term debt |
LongTermDebtNoncurrent
|
$380.00M | USD | Point-in-time |
| Deferred income taxes, net |
DeferredTaxLiabilitiesNoncurrent
|
$285.51M | USD | Point-in-time |
| Deferred income taxes, net |
DeferredTaxLiabilitiesNoncurrent
|
$291.70M | USD | Point-in-time |
| Other liabilities |
OtherLiabilitiesNoncurrent
|
$63.42M | USD | Point-in-time |
| Other liabilities |
OtherLiabilitiesNoncurrent
|
$63.79M | USD | Point-in-time |
| Common stock, par value $0.10 per share; authorized 280,000 shares; issued and outstanding 145,409 at 2014 and 145,419 at 2013 |
CommonStockValue
|
$14.54M | USD | Point-in-time |
| Common stock, par value $0.10 per share; authorized 280,000 shares; issued and outstanding 145,409 at 2014 and 145,419 at 2013 |
CommonStockValue
|
$14.54M | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapitalCommonStock
|
$379.81M | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapitalCommonStock
|
$371.96M | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$1.62B | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$1.66B | USD | Point-in-time |
| Total shareholders' equity |
StockholdersEquity
|
$2.05B | USD | Point-in-time |
| Total shareholders' equity |
StockholdersEquity
|
$2.01B | USD | Point-in-time |
| Total liabilities and shareholders' equity |
LiabilitiesAndStockholdersEquity
|
$3.65B | USD | Point-in-time |
| Total liabilities and shareholders' equity |
LiabilitiesAndStockholdersEquity
|
$3.67B | USD | Point-in-time |
Income Statement
36 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Commissions and fees |
InsuranceCommissionsAndFees
|
$333.79M | USD | 1 Quarter |
| Commissions and fees |
InsuranceCommissionsAndFees
|
$362.01M | USD | 1 Quarter |
| Investment income |
InvestmentIncomeNonoperating
|
$186.00K | USD | 1 Quarter |
| Investment income |
InvestmentIncomeNonoperating
|
$103.00K | USD | 1 Quarter |
| Other income, net |
OtherIncome
|
$1.48M | USD | 1 Quarter |
| Other income, net |
OtherIncome
|
$1.03M | USD | 1 Quarter |
| Total revenues |
Revenues
|
$335.01M | USD | 1 Quarter |
| Total revenues |
Revenues
|
$363.59M | USD | 1 Quarter |
| Employee compensation and benefits |
EmployeeCompensationAndBenefits
|
$184.11M | USD | 1 Quarter |
| Employee compensation and benefits |
EmployeeCompensationAndBenefits
|
$159.50M | USD | 1 Quarter |
| Non-cash stock-based compensation |
ShareBasedCompensation
|
$7.51M | USD | 1 Quarter |
| Non-cash stock-based compensation |
ShareBasedCompensation
|
$3.85M | USD | 1 Quarter |
| Other operating expenses |
OtherCostAndExpenseOperating
|
$52.46M | USD | 1 Quarter |
| Other operating expenses |
OtherCostAndExpenseOperating
|
$46.34M | USD | 1 Quarter |
| Amortization |
AdjustmentForAmortization
|
$16.16M | USD | 1 Quarter |
| Amortization |
AdjustmentForAmortization
|
$17.88M | USD | 1 Quarter |
| Depreciation |
Depreciation
|
$4.64M | USD | 1 Quarter |
| Depreciation |
Depreciation
|
$4.17M | USD | 1 Quarter |
| Interest |
InterestExpense
|
$4.07M | USD | 1 Quarter |
| Interest |
InterestExpense
|
$3.98M | USD | 1 Quarter |
| Change in estimated acquisition earn-out payables |
ChangeInEstimatedAcquisitionEarnOutPayable
|
$6.08M | USD | 1 Quarter |
| Change in estimated acquisition earn-out payables |
ChangeInEstimatedAcquisitionEarnOutPayable
|
$1.52M | USD | 1 Quarter |
| Total expenses |
OperatingExpenses
|
$276.76M | USD | 1 Quarter |
| Total expenses |
OperatingExpenses
|
$235.52M | USD | 1 Quarter |
| Income before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
$86.84M | USD | 1 Quarter |
| Income before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
$99.49M | USD | 1 Quarter |
| Income taxes |
IncomeTaxExpenseBenefit
|
$39.36M | USD | 1 Quarter |
| Income taxes |
IncomeTaxExpenseBenefit
|
$34.42M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$52.41M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$60.13M | USD | 1 Quarter |
| Basic |
EarningsPerShareBasic
|
$0.42 | USD | 1 Quarter |
| Basic |
EarningsPerShareBasic
|
$0.36 | USD | 1 Quarter |
| Diluted |
EarningsPerShareDiluted
|
$0.41 | USD | 1 Quarter |
| Diluted |
EarningsPerShareDiluted
|
$0.36 | USD | 1 Quarter |
| Dividends declared per share |
CommonStockDividendsPerShareDeclared
|
$0.10 | USD | 1 Quarter |
| Dividends declared per share |
CommonStockDividendsPerShareDeclared
|
$0.09 | USD | 1 Quarter |
Cash Flow Statement
69 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income |
NetIncomeLoss
|
$52.41M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$60.13M | USD | 1 Quarter |
| Amortization |
AdjustmentForAmortization
|
$16.16M | USD | 1 Quarter |
| Amortization |
AdjustmentForAmortization
|
$17.88M | USD | 1 Quarter |
| Depreciation |
Depreciation
|
$4.64M | USD | 1 Quarter |
| Depreciation |
Depreciation
|
$4.17M | USD | 1 Quarter |
| Non-cash stock-based compensation |
ShareBasedCompensation
|
$7.51M | USD | 1 Quarter |
| Non-cash stock-based compensation |
ShareBasedCompensation
|
$3.85M | USD | 1 Quarter |
| Change in estimated acquisition earn-out payables |
ChangeInEstimatedAcquisitionEarnOutPayable
|
$6.08M | USD | 1 Quarter |
| Change in estimated acquisition earn-out payables |
ChangeInEstimatedAcquisitionEarnOutPayable
|
$1.52M | USD | 1 Quarter |
| Deferred income taxes |
DeferredIncomeTaxExpenseBenefit
|
$15.62M | USD | 1 Quarter |
| Deferred income taxes |
DeferredIncomeTaxExpenseBenefit
|
$10.71M | USD | 1 Quarter |
| Income tax benefit from exercise of shares from the stock benefit plans |
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
|
$2.26M | USD | 1 Quarter |
| Income tax benefit from exercise of shares from the stock benefit plans |
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
|
$252.00K | USD | 1 Quarter |
| Net gain on sales of investments, fixed assets and customer accounts |
NetLossGainOnSalesOfInvestmentsFixedAssetsAndCustomerAccounts
|
$383.00K | USD | 1 Quarter |
| Net gain on sales of investments, fixed assets and customer accounts |
NetLossGainOnSalesOfInvestmentsFixedAssetsAndCustomerAccounts
|
$656.00K | USD | 1 Quarter |
| Payments on acquisition earn-outs in excess of original estimated payables |
PaymentsOnAcquisitionEarnOutsInExcessOfOriginalEstimatedPayables
|
$1.62M | USD | 1 Quarter |
| Restricted cash and investments (increase) |
IncreaseDecreaseInRestrictedCash
|
$22.20M | USD | 1 Quarter |
| Restricted cash and investments (increase) |
IncreaseDecreaseInRestrictedCash
|
$2.86M | USD | 1 Quarter |
| Premiums, commissions and fees receivable (increase) decrease |
IncreaseDecreaseInPremiumsCommissionAndFeesReceivable
|
$-262.00K | USD | 1 Quarter |
| Premiums, commissions and fees receivable (increase) decrease |
IncreaseDecreaseInPremiumsCommissionAndFeesReceivable
|
$8.17M | USD | 1 Quarter |
| Other assets decrease |
IncreaseDecreaseInOtherOperatingAssets
|
$-12.92M | USD | 1 Quarter |
| Other assets decrease |
IncreaseDecreaseInOtherOperatingAssets
|
$-128.00K | USD | 1 Quarter |
| Premiums payable to insurance companies (decrease) increase |
IncreaseDecreaseInPremiumsPayableToInsuranceCompanies
|
$36.59M | USD | 1 Quarter |
| Premiums payable to insurance companies (decrease) increase |
IncreaseDecreaseInPremiumsPayableToInsuranceCompanies
|
$-2.12M | USD | 1 Quarter |
| Premium deposits and credits due customers increase (decrease) |
IncreaseDecreaseInPremiumDepositsAndCreditsDueCustomersDecreaseIncrease
|
$-7.52M | USD | 1 Quarter |
| Premium deposits and credits due customers increase (decrease) |
IncreaseDecreaseInPremiumDepositsAndCreditsDueCustomersDecreaseIncrease
|
$10.44M | USD | 1 Quarter |
| Accounts payable increase |
IncreaseDecreaseInAccountsPayable
|
$19.31M | USD | 1 Quarter |
| Accounts payable increase |
IncreaseDecreaseInAccountsPayable
|
$31.10M | USD | 1 Quarter |
| Accrued expenses and other liabilities (decrease) increase |
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
|
$-50.96M | USD | 1 Quarter |
| Accrued expenses and other liabilities (decrease) increase |
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
|
$5.79M | USD | 1 Quarter |
| Other liabilities (decrease) |
IncreaseDecreaseInOtherOperatingLiabilities
|
$-6.73M | USD | 1 Quarter |
| Other liabilities (decrease) |
IncreaseDecreaseInOtherOperatingLiabilities
|
$-7.31M | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
$67.14M | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
$137.02M | USD | 1 Quarter |
| Additions to fixed assets |
PaymentsToAcquirePropertyPlantAndEquipment
|
$2.95M | USD | 1 Quarter |
| Additions to fixed assets |
PaymentsToAcquirePropertyPlantAndEquipment
|
$4.73M | USD | 1 Quarter |
| Payments for businesses acquired, net of cash acquired |
PaymentsToAcquireBusinessesNetOfCashAcquired
|
$61.00K | USD | 1 Quarter |
| Payments for businesses acquired, net of cash acquired |
PaymentsToAcquireBusinessesNetOfCashAcquired
|
$1.01M | USD | 1 Quarter |
| Proceeds from sales of fixed assets and customer accounts |
ProceedsFromSaleOfProductiveAssets
|
$243.00K | USD | 1 Quarter |
| Proceeds from sales of fixed assets and customer accounts |
ProceedsFromSaleOfProductiveAssets
|
$829.00K | USD | 1 Quarter |
| Purchases of investments |
PaymentsToAcquireInvestments
|
$1.63M | USD | 1 Quarter |
| Purchases of investments |
PaymentsToAcquireInvestments
|
$5.42M | USD | 1 Quarter |
| Proceeds from sales of investments |
ProceedsFromSaleMaturityAndCollectionsOfInvestments
|
$5.08M | USD | 1 Quarter |
| Proceeds from sales of investments |
ProceedsFromSaleMaturityAndCollectionsOfInvestments
|
$2.58M | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
$-5.25M | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
$-1.81M | USD | 1 Quarter |
| Payments on acquisition earn-outs |
PaymentsOnAcquisitionEarnOuts
|
$2.70M | USD | 1 Quarter |
| Payments on acquisition earn-outs |
PaymentsOnAcquisitionEarnOuts
|
$615.00K | USD | 1 Quarter |
| Income tax benefit from exercise of shares from the stock benefit plans |
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
|
$2.26M | USD | 1 Quarter |
| Income tax benefit from exercise of shares from the stock benefit plans |
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
|
$252.00K | USD | 1 Quarter |
| Issuances of common stock for employee stock benefit plans |
ProceedsFromStockOptionsExercised
|
$625.00K | USD | 1 Quarter |
| Issuances of common stock for employee stock benefit plans |
ProceedsFromStockOptionsExercised
|
$720.00K | USD | 1 Quarter |
| Repurchase stock benefit plan shares for employees to fund tax withholdings |
RepurchaseOfStockBenefitPlanSharesForEmployeesToFundTaxWithholdings
|
$2.64M | USD | 1 Quarter |
| Repurchase stock benefit plan shares for employees to fund tax withholdings |
RepurchaseOfStockBenefitPlanSharesForEmployeesToFundTaxWithholdings
|
$50.00K | USD | 1 Quarter |
| Cash dividends paid |
PaymentsOfDividends
|
$14.55M | USD | 1 Quarter |
| Cash dividends paid |
PaymentsOfDividends
|
$12.95M | USD | 1 Quarter |
| Net cash used in financing activities |
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
$-14.83M | USD | 1 Quarter |
| Net cash used in financing activities |
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
$-14.83M | USD | 1 Quarter |
| Net increase in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$120.39M | USD | 1 Quarter |
| Net increase in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$47.06M | USD | 1 Quarter |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$250.02M | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$219.82M | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$340.21M | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$202.95M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$250.02M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$219.82M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$340.21M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$202.95M | USD | Point-in-time |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.