Cash Flow Statement

Operating Cash Flow

+8%

+25%

10Y

Currency: USD

	Mar-2002	Jun-2002	Sep-2002	Dec-2002	Mar-2003	Jun-2003	Sep-2003	Dec-2003	Mar-2004	Jun-2004	Sep-2004	Dec-2004	Mar-2005	Jun-2005	Sep-2005	Dec-2005	Mar-2006	Jun-2006	Sep-2006	Dec-2006	Mar-2007	Jun-2007	Sep-2007	Dec-2007	Mar-2008	Jun-2008	Sep-2008	Dec-2008	Mar-2009	Jun-2009	Sep-2009	Dec-2009	Mar-2010	Jun-2010	Sep-2010	Dec-2010	Mar-2011	Jun-2011	Sep-2011	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	Dec-2021	Mar-2022	Jun-2022	Sep-2022	Dec-2022	Mar-2023	Jun-2023	Sep-2023	Dec-2023	Mar-2024	Jun-2024	Sep-2024	Dec-2024	Mar-2025	Jun-2025	Sep-2025	Dec-2025
Operating Cash Flow
Net Income	288	259	315	466	458	604	591	628	646	673	680	546	576	594	594	735	735	737	721	720	735	782	880	877	887	1 783	1 700	1 478	1 540	559	572	792	693	696	709	732	801	910	971	1 010	1 004	991	993	1 020	1 043	1 041	1 095	1 148	1 212	1 273	1 324	1 431	1 436	1 311	1 299	1 422	1 418	1 538	1 561	1 430	1 398	1 868	1 734	1 263	1 568	848	809	1 174	1 240	1 469	1 544	1 573	1 688	1 812	1 866	2 018	2 160	2 142	969	1 308	1 423	1 544	2 853	2 646	2 677	2 738	2 787	2 628	2 642	2 605	2 493	2 720	2 609	2 665	2 780	3 750
Depreciation & Amortization	313	296	274	262	272	283	300	314	317	322	321	309	306	284	285	277	266	263	241	244	237	227	220	205	236	245	244	222	181	232	239	242	147	242	247	305	391	480	563	582	597	609	626	655	654	651	647	635	623	614	608	594	584	571	554	338	482	425	372	319	341	776	836	891	943	758	757	769	757	565	570	564	565	527	474	413	356	334	334	326	311	299	278	264	261	260	251	256	253	362	521	686	871	946	965	966
Change in Deffered Taxes	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	110	80	74	42	(139)	(95)	(100)	10	138	112	119	70	76	99	109	66	146	151	152	164	(95)	(98)	(94)	(16)	(14)	(17)	(20)	(37)	(135)	(138)	(137)	(295)	(223)	(207)	(224)	(147)	(24)	(49)	(266)	(225)	(18)	10	116	62	(225)	(276)	(157)	(141)	(36)	(17)	(26)	4	9	34	139	96	11	(26)	(140)	(159)	(252)	(304)	(384)	(397)	(373)	(379)	(327)	(287)	(311)	(352)	(431)	(401)	(141)
Stock-Based Compensation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	72	0	0	0	153	0	0	198	204	286	346	353	248	206	201	206	209	235	237	223	221	229	219	234	235	216	219	216	212	226	244	259	300	333	338	340	328	316	317	320	320	309	300	291	306	305	310	310	319	318	318	319	338	350	371	376	317	304	277	272	312	367	388	451	449	437	444	407	397	405	412	414	438	441	459	478	474	491	493	485	0
Other Non-Cash Items	(161)	(36)	100	268	367	231	125	377	383	489	376	510	452	393	480	(82)	384	219	(190)	33	(21)	52	52	174	165	(1 347)	(1 220)	(960)	(1 594)	142	300	118	230	160	223	264	278	225	233	229	210	217	213	212	226	244	232	235	263	265	262	284	258	261	288	577	336	365	439	587	537	(309)	(380)	(428)	(454)	359	362	270	283	302	300	304	269	246	242	287	368	387	450	307	270	256	214	513	546	603	611	561	516	246	157	20	62	251	301	(875)
Cash Taxes Paid	0	0	0	238	0	0	0	296	0	0	0	413	0	0	0	309	0	0	0	536	0	0	0	195	299	425	833	696	645	578	223	182	139	133	170	192	218	143	113	77	81	162	142	238	346	376	429	445	363	412	395	337	317	251	237	249	244	220	222	218	235	237	919	1 182	1 182	1 281	602	337	312	327	342	353	373	258	400	455	476	592	459	412	459	448	500	546	631	732	741	740	778	832	977	1 053	1 042	1 192	1 084	0
Cash Interest Paid	0	0	0	123	0	0	0	103	0	0	0	147	0	0	0	130	0	0	0	130	0	0	0	147	186	210	243	125	123	118	113	103	96	97	123	158	204	258	270	240	239	222	196	232	189	221	246	206	238	167	214	245	244	291	241	254	243	270	260	272	278	272	271	272	272	273	249	266	235	268	290	289	313	318	307	326	311	312	305	328	314	321	354	351	408	416	441	446	462	482	675	658	836	818	809	0
Change in Working Capital	(16)	355	247	224	712	246	257	(7)	(12)	(235)	(276)	(181)	(160)	(223)	(205)	(46)	(594)	9	77	(29)	136	(152)	(82)	(103)	(374)	(26)	(361)	367	922	(36)	(9)	(790)	(864)	69	(136)	(594)	(1 095)	(1 405)	(1 057)	(949)	(1 114)	(1 101)	(898)	(373)	(337)	(305)	(422)	(371)	(513)	(553)	(625)	(532)	(189)	(119)	208	(105)	(45)	91	(36)	14	66	(7)	(761)	(974)	(1 433)	(1 434)	(634)	(302)	(384)	(545)	(399)	(570)	(406)	134	109	56	88	(93)	162	230	106	9	(78)	48	19	2	(36)	363	269	240	212	(80)	(324)	(282)	(361)	(219)
Cash from Operating Activities	424 N/A	874 +106%	936 +7%	1 220 +30%	1 809 +48%	1 364 -25%	1 273 -7%	1 312 +3%	1 334 +2%	1 249 -6%	1 101 -12%	1 184 +8%	1 174 -1%	1 048 -11%	1 154 +10%	884 -23%	791 -11%	1 228 +55%	849 -31%	968 +14%	1 087 +12%	909 -16%	1 070 +18%	1 263 +18%	963 -24%	698 -28%	374 -46%	968 +159%	1 005 +4%	797 -21%	1 112 +40%	500 -55%	411 -18%	1 286 +213%	1 113 -13%	783 -30%	474 -39%	319 -33%	776 +143%	1 018 +31%	848 -17%	868 +2%	1 098 +26%	1 419 +29%	1 488 +5%	1 537 +3%	1 536 0%	1 633 +6%	1 568 -4%	1 579 +1%	1 532 -3%	1 642 +7%	1 951 +19%	1 887 -3%	2 054 +9%	2 009 -2%	1 984 -1%	2 195 +11%	2 189 0%	2 326 +6%	2 293 -1%	2 062 -10%	1 204 -42%	734 -39%	634 -14%	647 +2%	1 356 +110%	1 686 +24%	1 620 -4%	1 634 +1%	1 874 +15%	1 835 -2%	2 099 +14%	2 693 +28%	2 695 +0%	2 783 +3%	3 006 +8%	2 909 -3%	2 011 -31%	2 182 +9%	2 084 -4%	1 968 -6%	3 108 +58%	3 219 +4%	3 199 -1%	3 219 +1%	3 216 0%	3 435 +7%	3 301 -4%	3 126 -5%	3 096 -1%	3 035 -2%	2 866 -6%	3 149 +10%	3 284 +4%	3 481 +6%
Investing Cash Flow
Capital Expenditures	(280)	(275)	(311)	(278)	(274)	(277)	(227)	(241)	(212)	(177)	(139)	(80)	(84)	(90)	(124)	(126)	(131)	(146)	(135)	(152)	(155)	(163)	(159)	(170)	(164)	(146)	(147)	(103)	(95)	(98)	(109)	(140)	(152)	(158)	(169)	(180)	(203)	(208)	(216)	(241)	(256)	(271)	(291)	(269)	(258)	(262)	(242)	(229)	(224)	(222)	(234)	(256)	(263)	(283)	(302)	(200)	(265)	(216)	(172)	(156)	(153)	(170)	(174)	(183)	(194)	(212)	(237)	(240)	(252)	(235)	(228)	(225)	(227)	(208)	(177)	(141)	(111)	(122)	(124)	(137)	(131)	(135)	(161)	(196)	(249)	(273)	(273)	(252)	(224)	(208)	(212)	(218)	(226)	(237)	(244)	(263)
Other Items	(155)	(191)	275	(319)	(935)	(764)	(832)	(366)	(450)	(405)	(662)	(843)	(924)	(628)	(675)	(643)	(297)	(713)	(378)	(38)	160	294	350	(293)	(245)	881	1 515	1 507	1 030	462	(290)	(89)	236	(894)	(2 411)	(2 359)	(1 843)	(1 375)	(28)	55	122	(2)	30	446	151	248	348	(110)	103	35	(228)	(289)	(436)	(517)	(167)	62	(74)	195	(151)	(798)	(589)	789	2 113	2 970	3 314	1 689	586	271	(90)	(135)	(56)	(4)	(413)	(791)	(636)	(538)	(28)	408	144	186	(185)	86	117	(253)	268	77	85	64	(5 130)	(2 393)	(2 284)	(2 615)	2 062	(579)	(695)	549
Cash from Investing Activities	(435) N/A	(466) -7%	(36) +92%	(597) -1 558%	(1 209) -103%	(1 041) +14%	(1 059) -2%	(607) +43%	(662) -9%	(582) +12%	(801) -38%	(923) -15%	(1 008) -9%	(718) +29%	(799) -11%	(769) +4%	(428) +44%	(859) -101%	(513) +40%	(190) +63%	5 N/A	131 +2 520%	191 +46%	(463) N/A	(409) +12%	735 N/A	1 368 +86%	1 404 +3%	935 -33%	364 -61%	(399) N/A	(229) +43%	84 N/A	(1 052) N/A	(2 580) -145%	(2 539) +2%	(2 046) +19%	(1 583) +23%	(244) +85%	(186) +24%	(134) +28%	(273) -104%	(261) +4%	177 N/A	(107) N/A	(14) +87%	106 N/A	(339) N/A	(121) +64%	(187) -55%	(462) -147%	(545) -18%	(699) -28%	(800) -14%	(469) +41%	(138) +71%	(339) -146%	(21) +94%	(323) -1 438%	(954) -195%	(742) +22%	619 N/A	1 939 +213%	2 787 +44%	3 120 +12%	1 477 -53%	349 -76%	31 -91%	(342) N/A	(370) -8%	(284) +23%	(229) +19%	(640) -179%	(999) -56%	(813) +19%	(679) +16%	(139) +80%	286 N/A	20 -93%	49 +145%	(316) N/A	(49) +84%	(44) +10%	(449) -920%	19 N/A	(196) N/A	(188) +4%	(188) N/A	(5 354) -2 748%	(2 601) +51%	(2 496) +4%	(2 833) -14%	1 836 N/A	(816) N/A	(939) -15%	286 N/A
Financing Cash Flow
Net Issuance of Common Stock	44	53	48	510	490	481	475	(6)	6	14	18	23	23	21	(4)	1	(163)	(389)	(536)	(916)	(1 029)	(993)	(918)	(469)	(540)	(1 260)	(1 652)	(1 678)	(1 335)	(468)	(55)	(427)	(477)	(491)	(419)	(56)	(356)	(609)	(784)	(627)	(377)	(324)	(424)	(1 125)	(1 325)	(1 300)	(1 525)	(1 102)	(1 402)	(1 827)	(1 827)	(2 185)	(1 949)	(1 646)	(1 733)	(1 580)	(1 966)	(1 706)	(1 389)	(1 386)	(847)	(1 788)	(2 285)	(2 520)	(2 987)	(2 402)	(1 925)	(1 619)	(1 139)	(1 797)	(1 848)	(2 091)	(2 468)	(1 412)	(1 555)	(1 912)	(1 474)	(1 724)	(2 473)	(3 673)	(4 364)	(4 569)	(4 536)	(3 360)	(2 842)	(2 884)	(2 504)	(2 628)	(2 328)	(2 034)	(1 480)	(921)	(916)	(915)	(872)	(930)
Net Issuance of Debt	147	131	318	(191)	(388)	(367)	(668)	(385)	(377)	(434)	(299)	(46)	63	(213)	(103)	(12)	(82)	209	431	141	24	102	(339)	92	195	1	203	(386)	(276)	(252)	(247)	(25)	49	4	1 725	2 089	2 366	2 056	414	(15)	(430)	47	(158)	(344)	156	(64)	150	227	158	1 499	1 009	1 321	1 139	291	773	253	939	128	40	522	(306)	(241)	(246)	(345)	(283)	519	464	337	410	1 143	935	1 111	1 653	386	347	271	(848)	(722)	712	1 753	3 073	3 202	2 558	1 402	1 053	867	330	367	5 147	2 847	2 354	2 407	(2 350)	(420)	(374)	(1 874)
Cash Paid for Dividends	(245)	(247)	(248)	(233)	(218)	(204)	(189)	(190)	(191)	(191)	(192)	(192)	(192)	(193)	(193)	(193)	(193)	(192)	(191)	(189)	(185)	(181)	(178)	(176)	(178)	(177)	(174)	(171)	(166)	(165)	(165)	(165)	(165)	(164)	(164)	(175)	(185)	(193)	(202)	(200)	(198)	(202)	(203)	(204)	(205)	(207)	(210)	(212)	(215)	(235)	(254)	(273)	(291)	(301)	(312)	(323)	(334)	(336)	(341)	(345)	(350)	(358)	(361)	(364)	(366)	(369)	(375)	(382)	(389)	(398)	(404)	(410)	(416)	(411)	(410)	(412)	(414)	(427)	(440)	(447)	(453)	(457)	(459)	(463)	(468)	(475)	(482)	(489)	(497)	(517)	(539)	(562)	(586)	(601)	(614)	(629)
Other	(245)	(359)	(595)	(682)	(664)	(536)	(206)	(89)	(48)	(32)	(10)	(51)	(51)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	(9)	46	0	0	(35)	0	35	42	(35)	15	51	8	(54)	(91)	(151)	(98)	87	74	79	76	71	63	(630)	72	4	(29)	631	(88)	(39)	(75)	(78)	(84)	(77)	(37)	(25)	(27)	(36)	(34)	(41)	(36)	(35)	(58)	(81)	(95)	1 143	1 206	1 218	1 193	281	201	569	981	443	1 001	599	768	631	371	700	4	(115)	(330)	(858)	(434)	(128)	(962)	95	(50)	(772)
Cash from Financing Activities	(299) N/A	(422) -41%	(477) -13%	(596) -25%	(780) -31%	(626) +20%	(588) +6%	(670) -14%	(610) +9%	(643) -5%	(483) +25%	(266) +45%	(157) +41%	(436) -178%	(351) +19%	(204) +42%	(438) -115%	(372) +15%	(296) +20%	(964) -226%	(1 190) -23%	(1 072) +10%	(1 435) -34%	(553) +61%	(523) +5%	(1 436) -175%	(1 623) -13%	(2 244) -38%	(1 731) +23%	(894) +48%	(476) +47%	(652) -37%	(648) +1%	(616) +5%	1 184 N/A	1 823 +54%	1 840 +1%	1 305 -29%	(564) N/A	(896) -59%	(1 096) -22%	(630) +43%	(883) -40%	(1 586) -80%	(1 300) +18%	(1 492) -15%	(1 509) -1%	(1 016) +33%	(1 396) -37%	(1 193) +15%	(1 000) +16%	(1 133) -13%	(1 130) +0%	(1 025) +9%	(1 360) -33%	(1 689) -24%	(1 436) +15%	(1 992) -39%	(1 774) +11%	(1 286) +28%	(1 540) -20%	(2 412) -57%	(2 919) -21%	(3 265) -12%	(3 670) -12%	(2 293) +38%	(1 872) +18%	(1 699) +9%	(1 176) +31%	(1 133) +4%	(1 412) -25%	(247) +83%	(25) +90%	(219) -776%	(425) -94%	(1 772) -317%	(2 535) -43%	(2 304) +9%	(1 220) +47%	(1 924) -58%	(743) +61%	(1 225) -65%	(1 669) -36%	(1 790) -7%	(1 886) -5%	(1 792) +5%	(2 652) -48%	(2 865) -8%	1 992 N/A	(562) N/A	(99) +82%	796 N/A	(4 814) N/A	(1 841) +62%	(1 910) -4%	(4 205) -120%
Change in Cash
Effect of Foreign Exchange Rates	(1)	16	12	18	21	12	17	21	19	16	9	35	26	15	33	(7)	0	9	(12)	(9)	(2)	13	34	56	70	63	38	(130)	(160)	(196)	(135)	16	74	105	38	62	(8)	(1)	(8)	(10)	23	21	41	9	4	(51)	(54)	(92)	(121)	(47)	(57)	(67)	(82)	(113)	(209)	(172)	(122)	(111)	(7)	(39)	(25)	(23)	42	69	62	(28)	(98)	(118)	(99)	(37)	(60)	63	(56)	(11)	50	297	345	382	235	(235)	(251)	(687)	(1 221)	(549)	(441)	77	473	264	60	(141)	498	(387)	(45)	511	42	678
Net Change in Cash	(311) N/A	2 N/A	435 +21 650%	45 -90%	(159) N/A	(291) -83%	(357) -23%	56 N/A	81 +45%	40 -51%	(174) N/A	30 N/A	35 +17%	(91) N/A	37 N/A	(96) N/A	(75) +22%	6 N/A	28 +367%	(195) N/A	(100) +49%	(19) +81%	(140) -637%	303 N/A	101 -67%	60 -41%	157 +162%	(2) N/A	49 N/A	71 +45%	102 +44%	(365) N/A	(79) +78%	(277) -251%	(245) +12%	129 N/A	260 +102%	40 -85%	(40) N/A	(74) -85%	(359) -385%	(14) +96%	(5) +64%	19 N/A	85 +347%	(20) N/A	79 N/A	186 +135%	(70) N/A	152 N/A	13 -91%	(103) N/A	40 N/A	(51) N/A	16 N/A	10 -38%	87 +770%	71 -18%	85 +20%	47 -45%	(14) N/A	246 N/A	266 +8%	325 +22%	146 -55%	(197) N/A	(265) -35%	(100) +62%	3 N/A	94 +3 033%	118 +26%	1 422 +1 105%	1 378 -3%	1 464 +6%	1 507 +3%	629 -58%	677 +8%	1 273 +88%	1 046 -18%	72 -93%	774 +975%	7 -99%	174 +2 386%	431 +148%	891 +107%	1 308 +47%	849 -35%	646 -24%	(1) N/A	(178) -17 700%	999 N/A	611 -39%	(157) N/A	1 003 N/A	477 -52%	240 -50%
Free Cash Flow
Free Cash Flow	144 N/A	599 +316%	625 +4%	942 +51%	1 535 +63%	1 087 -29%	1 046 -4%	1 071 +2%	1 122 +5%	1 072 -4%	962 -10%	1 104 +15%	1 090 -1%	958 -12%	1 030 +8%	758 -26%	660 -13%	1 082 +64%	714 -34%	816 +14%	932 +14%	746 -20%	911 +22%	1 093 +20%	799 -27%	552 -31%	227 -59%	865 +281%	910 +5%	699 -23%	1 003 +43%	360 -64%	259 -28%	1 128 +336%	944 -16%	603 -36%	271 -55%	111 -59%	560 +405%	777 +39%	592 -24%	597 +1%	807 +35%	1 150 +43%	1 230 +7%	1 275 +4%	1 294 +1%	1 404 +9%	1 344 -4%	1 357 +1%	1 298 -4%	1 386 +7%	1 688 +22%	1 604 -5%	1 752 +9%	1 809 +3%	1 719 -5%	1 979 +15%	2 017 +2%	2 170 +8%	2 140 -1%	1 892 -12%	1 030 -46%	551 -47%	440 -20%	435 -1%	1 119 +157%	1 446 +29%	1 368 -5%	1 399 +2%	1 646 +18%	1 610 -2%	1 872 +16%	2 485 +33%	2 518 +1%	2 642 +5%	2 895 +10%	2 787 -4%	1 887 -32%	2 045 +8%	1 953 -4%	1 833 -6%	2 947 +61%	3 023 +3%	2 950 -2%	2 946 0%	2 943 0%	3 183 +8%	3 077 -3%	2 918 -5%	2 884 -1%	2 817 -2%	2 640 -6%	2 912 +10%	3 040 +4%	3 218 +6%

Income Statement Balance Sheet Cash Flow Statement

Aon PLC
NYSE:AON

Cash Flow Statement

Cash Flow Statement
Aon PLC

See Also

Company

Help

Tools

Stocks

Aon PLC NYSE:AON

Cash Flow Statement

Cash Flow Statement Aon PLC

See Also

Company

Help

Tools

Stocks

Aon PLC
NYSE:AON

Cash Flow Statement
Aon PLC