Brown & Brown Inc
NYSE:BRO
Income Statement
Earnings Waterfall
Brown & Brown Inc
Revenue
|
4.4B
USD
|
Operating Expenses
|
-3.1B
USD
|
Operating Income
|
1.3B
USD
|
Other Expenses
|
-378.9m
USD
|
Net Income
|
914.7m
USD
|
Income Statement
Brown & Brown Inc
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 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
1 392
N/A
|
1 464
+5%
|
1 526
+4%
|
1 575
+3%
|
1 617
+3%
|
1 638
+1%
|
1 649
+1%
|
1 661
+1%
|
1 680
+1%
|
1 708
+2%
|
1 738
+2%
|
1 767
+2%
|
1 808
+2%
|
1 827
+1%
|
1 841
+1%
|
1 881
+2%
|
1 918
+2%
|
1 925
+0%
|
1 980
+3%
|
2 014
+2%
|
2 132
+6%
|
2 234
+5%
|
2 322
+4%
|
2 392
+3%
|
2 471
+3%
|
2 495
+1%
|
2 550
+2%
|
2 613
+2%
|
2 730
+4%
|
2 859
+5%
|
2 955
+3%
|
3 051
+3%
|
3 141
+3%
|
3 253
+4%
|
3 411
+5%
|
3 573
+5%
|
3 785
+6%
|
3 992
+5%
|
4 132
+4%
|
4 257
+3%
|
4 399
+3%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(1 023)
|
(1 077)
|
(1 118)
|
(1 150)
|
(1 183)
|
(1 203)
|
(1 212)
|
(1 216)
|
(1 231)
|
(1 247)
|
(1 269)
|
(1 296)
|
(1 322)
|
(1 340)
|
(1 353)
|
(1 386)
|
(1 419)
|
(1 438)
|
(1 472)
|
(1 510)
|
(1 591)
|
(1 668)
|
(1 749)
|
(1 814)
|
(1 849)
|
(1 865)
|
(1 893)
|
(1 937)
|
(2 009)
|
(2 084)
|
(2 131)
|
(2 193)
|
(2 257)
|
(2 335)
|
(2 495)
|
(2 600)
|
(2 758)
|
(2 893)
|
(2 949)
|
(3 043)
|
(3 106)
|
|
Selling, General & Administrative |
(734)
|
(769)
|
(790)
|
(811)
|
(831)
|
(846)
|
(854)
|
(857)
|
(869)
|
(883)
|
(904)
|
(925)
|
(947)
|
(961)
|
(969)
|
(995)
|
(1 020)
|
(1 027)
|
(1 049)
|
(1 069)
|
(1 131)
|
(1 188)
|
(1 252)
|
(1 308)
|
(1 325)
|
(1 362)
|
(1 394)
|
(1 436)
|
(1 516)
|
(1 565)
|
(1 598)
|
(1 637)
|
(1 666)
|
(1 683)
|
(1 758)
|
(1 817)
|
(1 929)
|
(2 047)
|
(2 109)
|
(2 187)
|
(2 247)
|
|
Depreciation & Amortization |
(88)
|
(93)
|
(98)
|
(104)
|
(108)
|
(109)
|
(109)
|
(108)
|
(109)
|
(109)
|
(108)
|
(108)
|
(109)
|
(109)
|
(108)
|
(108)
|
(107)
|
(106)
|
(106)
|
(109)
|
(116)
|
(121)
|
(126)
|
(129)
|
(129)
|
(130)
|
(132)
|
(135)
|
(139)
|
(145)
|
(150)
|
(153)
|
(155)
|
(159)
|
(175)
|
(186)
|
(198)
|
(207)
|
(204)
|
(206)
|
(209)
|
|
Other Operating Expenses |
(202)
|
(215)
|
(230)
|
(235)
|
(244)
|
(248)
|
(249)
|
(251)
|
(254)
|
(256)
|
(257)
|
(263)
|
(266)
|
(271)
|
(276)
|
(284)
|
(293)
|
(305)
|
(317)
|
(332)
|
(345)
|
(359)
|
(372)
|
(377)
|
(395)
|
(373)
|
(368)
|
(366)
|
(353)
|
(374)
|
(384)
|
(403)
|
(436)
|
(493)
|
(562)
|
(597)
|
(631)
|
(639)
|
(637)
|
(650)
|
(650)
|
|
Operating Income |
369
N/A
|
387
+5%
|
408
+6%
|
425
+4%
|
433
+2%
|
435
+0%
|
437
+1%
|
444
+2%
|
449
+1%
|
461
+3%
|
468
+2%
|
471
+1%
|
486
+3%
|
487
+0%
|
488
+0%
|
495
+2%
|
499
+1%
|
486
-2%
|
508
+4%
|
504
-1%
|
541
+7%
|
566
+5%
|
573
+1%
|
578
+1%
|
622
+8%
|
630
+1%
|
657
+4%
|
676
+3%
|
721
+7%
|
775
+7%
|
824
+6%
|
859
+4%
|
884
+3%
|
918
+4%
|
915
0%
|
974
+6%
|
1 027
+5%
|
1 100
+7%
|
1 184
+8%
|
1 215
+3%
|
1 294
+7%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(17)
|
(20)
|
(23)
|
(28)
|
(34)
|
(37)
|
(40)
|
(39)
|
(39)
|
(39)
|
(39)
|
(40)
|
(39)
|
(39)
|
(39)
|
(38)
|
(38)
|
(39)
|
(38)
|
(41)
|
(46)
|
(52)
|
(60)
|
(64)
|
(64)
|
(61)
|
(58)
|
(59)
|
(60)
|
(62)
|
(65)
|
(65)
|
(67)
|
(87)
|
(112)
|
(141)
|
(170)
|
(182)
|
(188)
|
(190)
|
(191)
|
|
Non-Reccuring Items |
(7)
|
(7)
|
(8)
|
(9)
|
(5)
|
(6)
|
(6)
|
(3)
|
(1)
|
(5)
|
(8)
|
(9)
|
(14)
|
(16)
|
(11)
|
(9)
|
(8)
|
(3)
|
(3)
|
(3)
|
(2)
|
2
|
7
|
1
|
14
|
10
|
(11)
|
5
|
(6)
|
(3)
|
(11)
|
(40)
|
(38)
|
(37)
|
13
|
39
|
38
|
33
|
(24)
|
(22)
|
(22)
|
|
Gain/Loss on Disposition of Assets |
0
|
0
|
0
|
(47)
|
(47)
|
(47)
|
(46)
|
1
|
2
|
3
|
3
|
1
|
(1)
|
(1)
|
0
|
2
|
5
|
5
|
2
|
2
|
(1)
|
0
|
5
|
10
|
11
|
10
|
7
|
2
|
2
|
6
|
6
|
10
|
10
|
7
|
6
|
5
|
10
|
10
|
13
|
143
|
136
|
|
Pre-Tax Income |
345
N/A
|
361
+5%
|
378
+5%
|
340
-10%
|
347
+2%
|
346
0%
|
346
+0%
|
403
+16%
|
411
+2%
|
419
+2%
|
424
+1%
|
424
0%
|
432
+2%
|
431
0%
|
438
+2%
|
450
+3%
|
457
+2%
|
450
-2%
|
468
+4%
|
463
-1%
|
493
+6%
|
515
+5%
|
524
+2%
|
526
+0%
|
583
+11%
|
589
+1%
|
595
+1%
|
624
+5%
|
658
+5%
|
715
+9%
|
753
+5%
|
763
+1%
|
789
+3%
|
801
+2%
|
823
+3%
|
876
+7%
|
905
+3%
|
961
+6%
|
985
+3%
|
1 146
+16%
|
1 216
+6%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(136)
|
(141)
|
(148)
|
(133)
|
(135)
|
(135)
|
(136)
|
(159)
|
(163)
|
(166)
|
(166)
|
(166)
|
(166)
|
(166)
|
(169)
|
(171)
|
(158)
|
(143)
|
(131)
|
(118)
|
(125)
|
(129)
|
(129)
|
(127)
|
(146)
|
(147)
|
(136)
|
(144)
|
(130)
|
(145)
|
(170)
|
(176)
|
(181)
|
(188)
|
(194)
|
(204)
|
(218)
|
(229)
|
(238)
|
(276)
|
(288)
|
|
Income from Continuing Operations |
209
|
219
|
230
|
207
|
212
|
211
|
210
|
243
|
248
|
254
|
258
|
258
|
266
|
265
|
270
|
279
|
299
|
307
|
337
|
344
|
367
|
386
|
396
|
399
|
437
|
441
|
460
|
481
|
528
|
570
|
583
|
587
|
608
|
614
|
628
|
672
|
687
|
732
|
747
|
871
|
928
|
|
Net Income (Common) |
204
N/A
|
213
+5%
|
224
+5%
|
202
-10%
|
208
+3%
|
209
+0%
|
209
+0%
|
238
+14%
|
246
+3%
|
249
+1%
|
251
+1%
|
251
0%
|
259
+3%
|
259
+0%
|
263
+2%
|
390
+48%
|
410
+5%
|
418
+2%
|
448
+7%
|
336
-25%
|
358
+6%
|
374
+5%
|
383
+2%
|
386
+1%
|
422
+9%
|
426
+1%
|
445
+4%
|
465
+5%
|
513
+10%
|
556
+8%
|
569
+2%
|
574
+1%
|
595
+4%
|
601
+1%
|
616
+2%
|
659
+7%
|
675
+2%
|
720
+7%
|
735
+2%
|
857
+17%
|
915
+7%
|
|
EPS (Diluted) |
0.72
N/A
|
0.75
+4%
|
0.78
+4%
|
0.71
-9%
|
0.72
+1%
|
0.73
+1%
|
0.74
+1%
|
0.85
+15%
|
0.88
+4%
|
0.89
+1%
|
0.9
+1%
|
0.91
+1%
|
0.93
+2%
|
1.85
+99%
|
1.89
+2%
|
1.39
-26%
|
1.48
+6%
|
1.5
+1%
|
1.62
+8%
|
1.22
-25%
|
1.3
+7%
|
1.36
+5%
|
1.39
+2%
|
1.4
+1%
|
1.54
+10%
|
1.51
-2%
|
1.61
+7%
|
1.69
+5%
|
1.84
+9%
|
2
+9%
|
2.05
+2%
|
2.07
+1%
|
2.14
+3%
|
2.16
+1%
|
2.21
+2%
|
2.37
+7%
|
2.42
+2%
|
2.58
+7%
|
2.63
+2%
|
3.05
+16%
|
3.25
+7%
|