Willis Towers Watson PLC
NASDAQ:WLTW
Income Statement
Earnings Waterfall
Willis Towers Watson PLC
Revenue
|
11.6B
USD
|
Operating Expenses
|
-9.9B
USD
|
Operating Income
|
1.8B
USD
|
Other Expenses
|
1.3B
USD
|
Net Income
|
3B
USD
|
Income Statement
Willis Towers Watson PLC
Dec-2011 | Mar-2012 | Jun-2012 | Sep-2012 | Dec-2012 | Mar-2013 | Jun-2013 | Sep-2013 | Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | |||||||||||||||||||||||||||||||||||||||||
Revenue |
3 447
N/A
|
3 453
+0%
|
3 434
-1%
|
3 432
0%
|
3 484
+2%
|
3 522
+1%
|
3 570
+1%
|
3 607
+1%
|
3 655
+1%
|
3 701
+1%
|
3 746
+1%
|
3 763
+0%
|
3 802
+1%
|
3 792
0%
|
3 779
0%
|
3 813
+1%
|
3 829
+0%
|
4 976
+30%
|
6 003
+21%
|
6 934
+16%
|
7 887
+14%
|
7 972
+1%
|
7 976
+0%
|
8 051
+1%
|
8 202
+2%
|
8 175
0%
|
8 212
+0%
|
8 219
+0%
|
8 513
+4%
|
8 533
+0%
|
8 591
+1%
|
8 721
+2%
|
9 039
+4%
|
9 193
+2%
|
9 258
+1%
|
9 278
+0%
|
9 352
+1%
|
9 476
+1%
|
11 682
+23%
|
11 646
0%
|
|
Operating Income | |||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(2 885)
|
(2 809)
|
(2 767)
|
(2 780)
|
(3 213)
|
(3 779)
|
(3 835)
|
(3 380)
|
(2 998)
|
(3 059)
|
(3 064)
|
(3 105)
|
(3 119)
|
(3 111)
|
(3 106)
|
(3 140)
|
(3 276)
|
(4 344)
|
(5 308)
|
(6 204)
|
(7 169)
|
(7 189)
|
(7 248)
|
(7 330)
|
(7 285)
|
(7 424)
|
(7 494)
|
(7 513)
|
(7 502)
|
(7 459)
|
(7 459)
|
(7 543)
|
(7 697)
|
(7 847)
|
(7 911)
|
(7 929)
|
(8 035)
|
(8 052)
|
(9 979)
|
(9 879)
|
|
Selling, General & Administrative |
(2 087)
|
(2 010)
|
(2 005)
|
(2 018)
|
(2 475)
|
(2 537)
|
(2 566)
|
(2 605)
|
(2 207)
|
(2 209)
|
(2 255)
|
(2 283)
|
(2 314)
|
(2 311)
|
(2 297)
|
(2 298)
|
(2 306)
|
(2 935)
|
(3 575)
|
(4 124)
|
(4 846)
|
(4 903)
|
(4 913)
|
(5 006)
|
(4 967)
|
(5 091)
|
(5 155)
|
(5 181)
|
(5 123)
|
(5 155)
|
(5 221)
|
(5 325)
|
(5 493)
|
(5 535)
|
(5 616)
|
(5 665)
|
(5 742)
|
(5 873)
|
(7 305)
|
(7 225)
|
|
Depreciation & Amortization |
(142)
|
(139)
|
(137)
|
(137)
|
(138)
|
(144)
|
(145)
|
(145)
|
(149)
|
(145)
|
(146)
|
(147)
|
(146)
|
(146)
|
(149)
|
(161)
|
(171)
|
(339)
|
(469)
|
(623)
|
(769)
|
(762)
|
(793)
|
(786)
|
(784)
|
(777)
|
(768)
|
(753)
|
(742)
|
(733)
|
(724)
|
(720)
|
(729)
|
(767)
|
(771)
|
(776)
|
(770)
|
(725)
|
(882)
|
(855)
|
|
Other Operating Expenses |
(656)
|
(660)
|
(625)
|
(625)
|
(600)
|
(1 098)
|
(1 124)
|
(630)
|
(642)
|
(705)
|
(663)
|
(675)
|
(659)
|
(654)
|
(660)
|
(681)
|
(799)
|
(1 070)
|
(1 264)
|
(1 457)
|
(1 554)
|
(1 524)
|
(1 542)
|
(1 538)
|
(1 534)
|
(1 556)
|
(1 571)
|
(1 579)
|
(1 637)
|
(1 571)
|
(1 514)
|
(1 498)
|
(1 475)
|
(1 545)
|
(1 524)
|
(1 488)
|
(1 523)
|
(1 454)
|
(1 792)
|
(1 799)
|
|
Operating Income |
562
N/A
|
644
+15%
|
667
+4%
|
652
-2%
|
271
-58%
|
(257)
N/A
|
(265)
-3%
|
227
N/A
|
657
+189%
|
642
-2%
|
682
+6%
|
658
-4%
|
683
+4%
|
681
0%
|
673
-1%
|
673
N/A
|
553
-18%
|
632
+14%
|
695
+10%
|
730
+5%
|
718
-2%
|
783
+9%
|
728
-7%
|
721
-1%
|
917
+27%
|
751
-18%
|
718
-4%
|
706
-2%
|
1 011
+43%
|
1 074
+6%
|
1 132
+5%
|
1 178
+4%
|
1 342
+14%
|
1 346
+0%
|
1 347
+0%
|
1 349
+0%
|
1 317
-2%
|
1 424
+8%
|
1 703
+20%
|
1 767
+4%
|
|
Pre-Tax Income | |||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(156)
|
(148)
|
(147)
|
(141)
|
(128)
|
(121)
|
(120)
|
(118)
|
(120)
|
(130)
|
(138)
|
(151)
|
(152)
|
(160)
|
(139)
|
(136)
|
(112)
|
(115)
|
(143)
|
(148)
|
(184)
|
(184)
|
(183)
|
(185)
|
(188)
|
(193)
|
(199)
|
(203)
|
(208)
|
(221)
|
(219)
|
(224)
|
(216)
|
(225)
|
(237)
|
(245)
|
(261)
|
(247)
|
(289)
|
(273)
|
|
Non-Reccuring Items |
(167)
|
0
|
0
|
(1)
|
(492)
|
0
|
0
|
(551)
|
(60)
|
0
|
(63)
|
(20)
|
(36)
|
(63)
|
(91)
|
(84)
|
(101)
|
(151)
|
(190)
|
(265)
|
(370)
|
(360)
|
(380)
|
(400)
|
(401)
|
(377)
|
(342)
|
(287)
|
(202)
|
(165)
|
(110)
|
(66)
|
(13)
|
(16)
|
(30)
|
19
|
(51)
|
(66)
|
230
|
1 162
|
|
Gain/Loss on Disposition of Assets |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
3
|
5
|
5
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Total Other Income |
0
|
0
|
0
|
0
|
16
|
16
|
16
|
16
|
22
|
22
|
22
|
22
|
23
|
20
|
18
|
18
|
0
|
(18)
|
(12)
|
(26)
|
178
|
239
|
267
|
319
|
164
|
177
|
206
|
238
|
250
|
259
|
257
|
236
|
209
|
248
|
263
|
288
|
333
|
668
|
740
|
746
|
|
Pre-Tax Income |
239
N/A
|
496
+108%
|
520
+5%
|
510
-2%
|
(333)
N/A
|
(362)
-9%
|
(369)
-2%
|
(426)
-15%
|
499
N/A
|
537
+8%
|
508
-5%
|
514
+1%
|
518
+1%
|
478
-8%
|
461
-4%
|
471
+2%
|
340
-28%
|
348
+2%
|
350
+1%
|
291
-17%
|
342
+18%
|
478
+40%
|
432
-10%
|
455
+5%
|
492
+8%
|
358
-27%
|
383
+7%
|
454
+19%
|
851
+87%
|
947
+11%
|
1 060
+12%
|
1 124
+6%
|
1 322
+18%
|
1 353
+2%
|
1 343
-1%
|
1 411
+5%
|
1 338
-5%
|
1 779
+33%
|
2 384
+34%
|
3 402
+43%
|
|
Net Income | |||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(32)
|
(99)
|
(104)
|
(112)
|
(101)
|
(81)
|
(74)
|
(75)
|
(122)
|
(137)
|
(167)
|
(158)
|
(159)
|
(152)
|
(112)
|
2
|
33
|
71
|
71
|
(15)
|
96
|
68
|
79
|
34
|
170
|
173
|
172
|
201
|
(136)
|
(160)
|
(189)
|
(219)
|
(249)
|
(260)
|
(262)
|
(285)
|
(257)
|
(275)
|
(354)
|
(578)
|
|
Income from Continuing Operations |
207
|
397
|
416
|
398
|
(434)
|
(443)
|
(443)
|
(501)
|
377
|
400
|
341
|
356
|
359
|
326
|
349
|
473
|
373
|
419
|
421
|
276
|
438
|
546
|
511
|
489
|
662
|
531
|
555
|
655
|
715
|
787
|
871
|
905
|
1 073
|
1 093
|
1 081
|
1 126
|
1 081
|
1 504
|
2 030
|
2 824
|
|
Income to Minority Interest |
(16)
|
(15)
|
(13)
|
(13)
|
(13)
|
(10)
|
(10)
|
(10)
|
(12)
|
(12)
|
(11)
|
(10)
|
(11)
|
(11)
|
(12)
|
(12)
|
(11)
|
(14)
|
(16)
|
(18)
|
(18)
|
(19)
|
(23)
|
(22)
|
(24)
|
(22)
|
(21)
|
(23)
|
(20)
|
(20)
|
(24)
|
(27)
|
(29)
|
(31)
|
(28)
|
(24)
|
(24)
|
(19)
|
(16)
|
(19)
|
|
Equity Earnings Affiliates |
12
|
11
|
13
|
1
|
5
|
5
|
3
|
4
|
0
|
4
|
4
|
8
|
14
|
11
|
12
|
12
|
11
|
(4)
|
(2)
|
(4)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Net Income (Common) |
204
N/A
|
395
+94%
|
418
+6%
|
388
-7%
|
(442)
N/A
|
(448)
-1%
|
(451)
-1%
|
(508)
-13%
|
365
N/A
|
392
+7%
|
334
-15%
|
354
+6%
|
362
+2%
|
326
-10%
|
349
+7%
|
473
+36%
|
373
-21%
|
401
+8%
|
403
+0%
|
254
-37%
|
420
+65%
|
526
+25%
|
487
-7%
|
465
-5%
|
568
+22%
|
439
-23%
|
464
+6%
|
562
+21%
|
695
+24%
|
767
+10%
|
847
+10%
|
878
+4%
|
1 044
+19%
|
1 062
+2%
|
1 018
-4%
|
1 064
+5%
|
996
-6%
|
1 424
+43%
|
2 247
+58%
|
3 029
+35%
|
|
EPS (Diluted) |
3.12
N/A
|
5.95
+91%
|
6.3
+6%
|
5.98
-5%
|
-6.81
N/A
|
-6.75
+1%
|
-6.71
+1%
|
-7.6
-13%
|
5.31
N/A
|
5.71
+8%
|
4.86
-15%
|
5.27
+8%
|
5.39
+2%
|
4.75
-12%
|
5.08
+7%
|
6.89
+36%
|
5.48
-20%
|
2.95
-46%
|
2.92
-1%
|
1.84
-37%
|
3.07
+67%
|
3.81
+24%
|
3.55
-7%
|
3.47
-2%
|
4.27
+23%
|
3.3
-23%
|
3.49
+6%
|
4.26
+22%
|
5.27
+24%
|
5.9
+12%
|
6.52
+11%
|
6.75
+4%
|
8.03
+19%
|
8.17
+2%
|
7.83
-4%
|
8.18
+4%
|
7.66
-6%
|
10.95
+43%
|
17.35
+58%
|
23.48
+35%
|