WTW

Willis Towers Watson

Financials

Insurance Brokers

London, United Kingdom

Balance Sheet 38 Accounts • 5 Years

Account	2024	2023	2022	2021	2020
end	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31
Assets - CashAndCashEquivalents	$1.9B	$1.4B	$1.3B	$4.5B	$2.0B
Assets - FundsHeldForClients	$9.5B	$9.1B	$11.8B	$11.0B	$12.0B
Assets - AccountsReceivable	$2.5B	$2.6B	$2.4B	$2.4B	$2.4B
Assets - IncomeTaxesReceivable	$106.0M	$87.0M	$89.0M	$82.0M	$82.0M
Assets - PrepaidExpenses	$1.2B	$364.0M	$414.0M	$612.0M	$479.0M
Assets - OtherCurrentAssets	$60.0M	$53.0M	$54.0M	$54.0M	$74.0M
Assets - CurrentAssets	$15.1B	$13.4B	$15.8B	$18.5B	$20.3B
Assets - PropertyAndEquipment	$661.0M	$720.0M	$718.0M	$851.0M	$1.0B
Assets - Goodwill	$8.8B	$10.2B	$10.2B	$10.2B	$10.4B
Assets - IntangibleAssets	$1.3B	$2.0B	$2.3B	$2.6B	$3.0B
Assets - OperatingLeaseRightOfUseAssets	$485.0M	$565.0M	$586.0M	$720.0M	$901.0M
Assets - DeferredIncomeTaxAssets	$238.0M	$86.0M	$68.0M	$79.0M	$95.0M
Assets - OtherNonCurrentAssets	$806.0M	$1.6B	$1.4B	$1.2B	$1.1B
Assets - TotalAssets	$27.7B	$29.1B	$31.8B	$35.0B	$38.5B
Liabilities - DeferredCompensation,Current	$17.0M	$16.0M	$14.0M	$49.0M	$55.0M
Liabilities - AccruedSalesCommissions	$97.0M	$106.0M	$124.0M	$101.0M	$95.0M
Liabilities - ContractLiabilities	$732.0M	$677.0M	$646.0M	$576.0M	$547.0M
Liabilities - OperatingLeaseLiability,Current	$118.0M	$125.0M	$126.0M	$150.0M	$152.0M
Liabilities - CurrentPortionOfLongTermDebt	$0	$650.0M	$250.0M	$613.0M	$971.0M
Liabilities - DividendsPayable	$107.0M	$103.0M	$102.0M	$112.0M	$103.0M
Liabilities - OtherCurrentLiabilities	$765.0M	$678.0M	$716.0M	$1.0B	$798.0M
Liabilities - CurrentLiabilities	$12.6B	$12.6B	$14.8B	$14.7B	$19.3B
Liabilities - LongTermDebt	$5.3B	$4.6B	$4.5B	$4.0B	$4.7B
Liabilities - DeferredIncomeTaxLiabilities	$696.0M	$1.2B	$1.3B	$1.4B	$1.3B
Liabilities - OperatingLeaseLiability,NonCurrent	$502.0M	$592.0M	$620.0M	$734.0M	$917.0M
Liabilities - FinanceLeaseLiability,NonCurrent	$2.0M	$7.0M	$12.0M	$15.0M	$19.0M
Liabilities - DefinedBenefitPlanLiabilities	$615.0M	$563.0M	$480.0M	$757.0M	$1.4B
Liabilities - OtherNonCurrentLiabilities	$254.0M	$238.0M	$221.0M	$253.0M	$290.0M
Liabilities - TotalLiabilities	$19.7B	$19.5B	$21.7B	$21.7B	$27.6B
Equity - AdditionalPaidInCapital	$11.0B	$10.9B	$10.9B	$10.8B	$10.7B
Equity - RetainedEarnings	$109.0M	$1.5B	$1.8B	$4.6B	$2.4B
Equity - AccumulatedOtherComprehensiveIncome(loss)	$-3.2B	$-2.9B	$-2.6B	$-2.2B	$-2.4B
Equity - NoncontrollingInterest	$77.0M	$73.0M	$77.0M	$48.0M	$112.0M
Equity - TotalStockholdersEquity	$7.9B	$9.5B	$10.0B	$13.3B	$10.8B
Equity - TotalLiabilitiesAndStockholdersEquity	$27.7B	$29.1B	$31.8B	$35.0B	$38.5B
Equity - TotalLiabilitiesandEquity	$27.6B	$29.0B	$31.7B	$34.9B	$38.4B
Validation - L+E Components Sum Difference	$0	$0	$0	$0	$0

Income Statement 31 Accounts • 5 Years

Account	2024	2023	2022	2021	2020
end	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31
IncomeStatement - Revenues - TotalRevenues	$9.9B	$9.5B	$8.9B	$9.0B	$8.6B
IncomeStatement - Revenues - CommissionAndFeeRevenue	$9.7B	$9.3B	$8.7B	$8.8B	$8.6B
IncomeStatement - Expenses - TotalOperatingExpenses	$9.3B	$8.1B	$7.7B	$6.8B	$7.8B
IncomeStatement - Expenses - EmployeeCompensationAndBenefits	$5.5B	$5.3B	$5.1B	$5.3B	$5.2B
IncomeStatement - Expenses - DepreciationAndAmortization	$226.0M	$263.0M	$312.0M	$369.0M	$461.0M
IncomeStatement - Expenses - InterestExpense	$263.0M	$235.0M	$208.0M	$211.0M	$244.0M
IncomeStatement - Expenses - LeaseExpense	$182.0M	$201.0M	$235.0M	$229.0M	$219.0M
IncomeStatement - Expenses - ShareBasedCompensation	$121.0M	$125.0M	$99.0M	$101.0M	$90.0M
IncomeStatement - OperatingIncome - OperatingIncome	$627.0M	$1.4B	$1.2B	$2.2B	$859.0M
IncomeStatement - NonOperatingItems - NonOperatingIncome(expense)	$-260.0M	$149.0M	$288.0M	$701.0M	$396.0M
IncomeStatement - NonOperatingItems - Gain(loss)OnSaleOfBusiness	$-337.0M	$43.0M	$-59.0M	$2.7B	$81.0M
IncomeStatement - NonOperatingItems - ForeignCurrencyTransactionGain(loss)	$31.0M	$-20.0M	$137.0M	$10.0M	$6.0M
IncomeStatement - NonOperatingItems - IncomeFromEquityMethodInvestments	$2.0M	$3.0M	$4.0M	$8.0M	$6.0M
IncomeStatement - IncomeBeforeTax - IncomeBeforeIncomeTaxes	$104.0M	$1.3B	$1.3B	$2.7B	$1.0B
IncomeStatement - IncomeTax - IncomeTaxExpense(benefit)	$192.0M	$215.0M	$194.0M	$536.0M	$249.0M
IncomeStatement - NetIncome - IncomeFromContinuingOperations	$-88.0M	$1.1B	$1.1B	$2.2B	$762.0M
IncomeStatement - NetIncome - Income(loss)FromDiscontinuedOperations	$0	$0	$-40.0M	$2.1B	$258.0M
IncomeStatement - NetIncome - NetIncome	$-98.0M	$1.1B	$1.0B	$4.2B	$996.0M
IncomeStatement - NetIncome - NetIncomeAttributableToNoncontrollingInterest	$10.0M	$9.0M	$15.0M	$14.0M	$24.0M
IncomeStatement - EarningsPerShare - EarningsPerShareFromContinuingOperations,Basic	$-1	$10	$9	$17	$6
IncomeStatement - EarningsPerShare - EarningsPerShareFromContinuingOperations,Diluted	$-1	$10	$9	$17	$6
IncomeStatement - EarningsPerShare - EarningsPerShareFromDiscontinuedOperations,Basic	$0	$0	$-0	$16	$2
IncomeStatement - EarningsPerShare - EarningsPerShareFromDiscontinuedOperations,Diluted	$0	$0	$-0	$16	$2
IncomeStatement - EarningsPerShare - EarningsPerShare,Basic	$-1	$10	$9	$33	$8
IncomeStatement - EarningsPerShare - EarningsPerShare,Diluted	$-1	$10	$9	$33	$8
IncomeStatement - EarningsPerShare - WeightedAverageShares,Basic	$102.0M	$105.0M	$112.0M	$128.0M	$130.0M
IncomeStatement - EarningsPerShare - WeightedAverageShares,Diluted	$102.0M	$106.0M	$112.0M	$129.0M	$130.0M
IncomeStatement - ComprehensiveIncome - OtherComprehensiveIncome(loss),NetOfTax	$-302.0M	$-233.0M	$-436.0M	$175.0M	$-131.0M
IncomeStatement - ComprehensiveIncome - ComprehensiveIncome,NetOfTax	$-400.0M	$820.0M	$574.0M	$4.4B	$864.0M
IncomeStatement - ComprehensiveIncome - ComprehensiveIncomeAttributableToNoncontrollingInterest	$10.0M	$11.0M	$14.0M	$16.0M	$25.0M

Cash Flow Statement 23 Accounts • 5 Years

Account	2024	2023	2022	2021	2020
end	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31
CashFlow - OperatingActivities - NetIncome	$-98.0M	$1.1B	$1.0B	$4.2B	$996.0M
CashFlow - OperatingActivities - DeferredIncomeTaxes	$-213.0M	$-109.0M	$-54.0M	$96.0M	$99.0M
CashFlow - OperatingActivities - ShareBasedCompensation	$121.0M	$125.0M	$99.0M	$101.0M	$90.0M
CashFlow - OperatingActivities - ForeignCurrencyTransactionGain/loss	$31.0M	$-20.0M	$137.0M	$10.0M	$6.0M
CashFlow - OperatingActivities - ChangeInAccountsReceivable	$233.0M	$206.0M	$188.0M	$134.0M	$-72.0M
CashFlow - OperatingActivities - ChangeInOtherOperatingAssetsAndLiabilities	$373.0M	$185.0M	$197.0M	$122.0M	$205.0M
CashFlow - OperatingActivities - NetCashProvidedByOperatingActivities	$1.5B	$1.3B	$812.0M	$2.1B	$1.8B
CashFlow - InvestingActivities - Acquisitions,NetOfCashAcquired	$107.0M	$6.0M	$81.0M	$47.0M	$69.0M
CashFlow - InvestingActivities - ProceedsFromDivestitures	$18.0M	$89.0M	$1.0M	$75.0M	$30.0M
CashFlow - InvestingActivities - NetCashUsedInInvestingActivities	$250.0M	$-1.1B	$-173.0M	$2.6B	$-160.0M
CashFlow - FinancingActivities - RepaymentsOfLongTermDebt	$655.0M	$254.0M	$585.0M	$1.0B	$327.0M
CashFlow - FinancingActivities - ProceedsFromIssuanceOfCommonStock	$0	$0	$7.0M	$10.0M	$16.0M
CashFlow - FinancingActivities - DividendsPaid	$354.0M	$352.0M	$369.0M	$374.0M	$346.0M
CashFlow - FinancingActivities - PaymentsToNoncontrollingInterestHolders	$9.0M	$13.0M	$10.0M	$29.0M	$22.0M
CashFlow - FinancingActivities - PaymentsRelatedToTaxWithholdingForShareBasedCompensation	$56.0M	$26.0M	$34.0M	$16.0M	$14.0M
CashFlow - FinancingActivities - PaymentsOfDebtIssuanceCosts	$9.0M	$7.0M	$5.0M	$4.0M	$2.0M
CashFlow - FinancingActivities - NetCashUsedInFinancingActivities	$-459.0M	$-1.2B	$-3.4B	$-3.1B	$378.0M
CashFlow - ExchangeRateAndCashReconciliation - EffectOfExchangeRateChanges	$-97.0M	$11.0M	$-164.0M	$-127.0M	$126.0M
CashFlow - ExchangeRateAndCashReconciliation - Cash,CashEquivalents,AndRestrictedCashAtBeginningOfPeriod	$5.0B	$3.8B	$4.7B	$7.7B	$6.3B
CashFlow - ExchangeRateAndCashReconciliation - Cash,CashEquivalents,AndRestrictedCashAtEndOfPeriod	$5.0B	$3.8B	$4.7B	$7.7B	$6.3B
CashFlow - SupplementalDisclosures - InterestPaid	$242.0M	$223.0M	$201.0M	$212.0M	$229.0M
CashFlow - SupplementalDisclosures - IncomeTaxesPaid	$312.0M	$348.0M	$428.0M	$570.0M	$310.0M

Willis Towers Watson

Balance Sheet 38 Accounts • 5 Years

Income Statement 31 Accounts • 5 Years

Cash Flow Statement 23 Accounts • 5 Years

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