Financial Statements

The 5-year financial statements provided below are directly traceable to the financial statements filed by the subject stock exchange listed company with the Securitiies Exchange Commission (SEC) of the United States. Included within the financial statements are the latest five years financial results as well as the most recent filed quarter compared to the same quarter of the last year filed.

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Willis Towers Watson PLC, https://www.wtwco.com/, SIC Code - 6411, INSURANCE AGENTS, BROKERS, AND SERVICE

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Income Statement Qtr. End
03/31/2024		 Qtr. End
03/31/2023		 Yr. End
12/31/2023		 Yr. End
12/31/2022		 Yr. End
12/31/2021		 Yr. End
12/31/2020		 Yr. End
12/31/2019
Sales
SALES
SALES is the total amount sold within a stipulated time period, usually 12 months. Sales is usually expressed in monetary terms but can also be in total units of stock or products sold. 		2341 2244 9483 8866 8998 8615 8370
Cost of Goods Sold
COST OF GOODS SOLD
COST OF GOODS SOLD (COGS) is a figure representing the cost of buying raw material and producing finished goods. Included are precise factors, i.e. material and factory labor; as well as others that are variable, such as factory overhead. 		0 0 0 0 0 0 0
Gross Income
GROSS PROFIT
GROSS PROFIT is net sales minus cost of sales. 		0 0 0 0 0 0 0
Depreciation and Amortization
DEPRECIATION AND AMORTIZATION
DEPRECIATION AND AMORTIZATION is the standard line item in an income statement that sums: Depreciation, the non-cash expense of a tangible investment over time and Amortization, the non-cash expenses of an intangible investment over time. 		119 131 505 567 650 770 729
Research/Development
RESEARCH & DEVELOPMENT
RESEARCH & DEVELOPMENT (R&D) is research as a planned activity aimed at discovery of new knowledge with the hope of developing new or improved products and services. Development is the translation of the research findings into a plan or design of new or improved products and services. 		NA NA NA NA NA NA NA
Interest Expense
INTEREST EXPENSE
INTEREST EXPENSE is the cost of borrowing funds in the current period. It is shown as a financial expense item within the income statement. An interest expense of zero to <15% relative to operating income, within the consumer products industry, is an indicator of a sustainable competitive advantage. 		0 0 0 0 0 0 0
Unusual Expenses/(Income)
UNUSUAL EXPENSES/(INCOME)
UNUSUAL EXPENSES/(INCOME) is the sum of: Restructuring Charge, Litigation, Impairment of assets held for use or sale, portion of Purchased R&D written off, and Other Unusual Expense (Income). 		143 160 411 273 -1159 53 15
Total Operating Expenses
OPERATING EXPENSES
OPERATING EXPENSES is all selling and general & administrative expenses. Includes depreciation, but not interest expense. 		2061 1959 8075 7681 6417 7675 7318
Operating Income
OPERATING INCOME
OPERATING INCOME is revenue less cost of goods sold and related operating expenses that are applied to the day-to-day operating activities of the company. It excludes financial related items (i.e., interest income, dividend income, and interest expense), extraordinary items, and taxes. 		280 285 1408 1185 2581 940 1052
Interest Income - non-op.
INTEREST INCOME - NON-OPERATING
INTEREST INCOME - NON-OPERATING is interest income generated from non-operating investment securities such as certificates of deposit or bonds for non-financial service companies. 		64 54 235 208 211 244 234
Other Expenses/(Income)
OTHER EXPENSES/(INCOME)
OTHER EXPENSES/(INCOME) includes: miscellaneous other income and expenses (net), such as interest expense, miscellaneous expenses not included in general and administrative expenses, netted against recoveries, interest income, dividends received and miscellaneous income. 		-26 -25 -106 -281 -322 -315 -228
Pretax Income
PROFIT BEFORE TAXES
PROFIT BEFORE TAXES (PBT) is a profitability measure that looks at a companys profits before the company has to pay income tax. This measure deducts all expenses from revenue including interest expenses and operating expenses, but it leaves out the payment of tax. 		242 256 1279 1258 2692 1011 1046
Income Taxes
INCOME TAX
INCOME TAX is a tax paid on money made or profit realized from employment, business, or capital. 		48 50 215 194 536 188 197
Income After Taxes
INCOME AFTER TAXES
INCOME AFTER TAXES is the net profit earned by the company after deducting all expenses like interest, depreciation and tax. PAT can be fully retained by a company to be used in the business. Dividends, if declared, are paid to the share holders from this residue. 		194 206 1064 1064 2156 823 849
Adjustments to Income
ADJUSTMENTS TO INCOME
ADJUSTMENTS TO INCOME are all tax code allowable increases/(deductions) to income that are not already accounted for. 		-4 -3 -9 -15 -14 -24 -29
Nonrecurring Items
NONRECURRING
NONRECURRING is an income statement item that is infrequent in occurrence or unusual in nature. 		NA 0 0 -40 2080 197 224
Net Income
NET INCOME
NET INCOME is the difference between a businesses total revenue and its total expenses. This caption and amount is usually found at the bottom of a companys Profit and Loss statement. Same as Net Profit. 		190 203 1055 1009 4222 996 1044
Cash Flow Statement Qtr. End
03/31/2024		 Qtr. End
03/31/2023		 Yr. End
12/31/2023		 Yr. End
12/31/2022		 Yr. End
12/31/2021		 Yr. End
12/31/2020		 Yr. End
12/31/2019
Total Cash from Operations
TOTAL CASH FROM OPERATIONS
TOTAL CASH FROM OPERATIONS is a firm's net cash inflow resulting directly from its regular operations (disregarding extraordinary items such as the sale of fixed assets or transaction costs associated with issuing securities), calculated as the sum of net income plus noncash expenses that are deducted in calculating net income. 		24 134 1345 812 2061 1774 1081
Total Cash from Investing
TOTAL CASH FROM INVESTING
TOTAL CASH FROM INVESTING shows a firms' cash inflows and outflows related to the purchase and sale of investments. Net investment cash flow equals the total cash inflows less the cash outflows from the section and can be a positive or negative number. There can be many types of investments in the investment cash flows section that affect net investment cash flow. 		-74 -61 -1085 -173 2570 -160 -1614
Total Cash from Financing
CASH FROM FINANCING
CASH FROM FINANCING is the sum of all the individual financing activity cash flow line items. 		1556 -453 -1200 -3445 -3114 378 455
Net Change in Cash
NET CHANGE IN CASH
NET CHANGE IN CASH is calculated by adding cash from operating, investing, and financing activities and foreign exchange effects from the Statement of Cash Flows. 		1459 -359 -929 -2970 1390 2118 -78
Capital Expenditures
CAPITAL EXPENDITURE
CAPITAL EXPENDITURE (CAPEX) is the amount used during a particular period to acquire or improve long-term assets such as property, plant or equipment. 		60 61 153 138 148 223 246
Exchange Rate Effects
EXCHANGE RATE EFFECTS
EXCHANGE RATE EFFECTS is the effect on any given currency as the rate of exchange changes providing either a gain or loss in value against other currencies. 		-47 21 11 -164 -127 126 0
Cash Flow per Share
CASH FLOW PER SHARE
CASH FLOW PER SHARE is a good measure of a firm's financial strength. Analysts put more weight on cash flow per share than earnings per share because EPS is more easily manipulated, its reliability can at times be questionable. Cash is almost impossible to falsify, i.e. you either have cash or you don't. Cash flow per share is a useful measure for the strength of a firm and the sustainability of its business model. The formula: 		14.03 -3.32 -8.76 -26.52 10.78 16.29 -0.6
Free Cash Flow
FREE CASH FLOW
FREE CASH FLOW is net income plus non-cash charges to income, specifically depreciation and amortization less capital expenditures, to sustain the basic business. Free cash flow per share is a measure of the amount of cash per share a business generates after expenditures for equipment or buildings. Free cash flow is available to be used for expansion, dividends, reduction in debt, or other purposes. Free cash flow is valued more than just about any other measure, including earnings (EPS). Cash assists companies to expand, develop new products, stock buy back, pay dividends, or reduce debt. Many analysts focus on free cash flow for insight into the core of a company's cash-generating engine. 		-0.91 0.05 7.92 2.72 11.93 9.27 3.89
Balance Sheet - Assets Qtr. End
03/31/2024		 Qtr. End
03/31/2023		 Yr. End
12/31/2023		 Yr. End
12/31/2022		 Yr. End
12/31/2021		 Yr. End
12/31/2020		 Yr. End
12/31/2019
Cash
CASH
CASH is money, in the form of notes and coins, which constitutes payment for goods at the time of purchase. 		1893 1135 1424 1262 4486 2089 887
Short-Term Investments
SHORT TERM INVESTMENTS
SHORT TERM INVESTMENTS are fixed income investments that mature in less than one year. 		0 0 NA NA 200 NA NA
Accounts Receivable
ACCOUNTS RECEIVABLE
ACCOUNTS RECEIVABLE is a current asset representing money due for services performed or merchandise sold on credit. 		2430 2346 2664 2485 2464 2654 2702
Inventory
INVENTORY
INVENTORY for companies: includes raw materials, items available for sale or in the process of being made ready for sale (work in process) for securities: it is securities bought and held by a broker or dealer for resale. A firm that has a sustainable competitive advantage has an inventory and net earnings are rising on a corresponding basis. Inventories that spike up/down are indicative of competitive industries prone to boom/bust. 		0 0 0 0 0 0 0
Other Current Assets
OTHER CURRENT ASSETS
OTHER CURRENT ASSETS relates to any other current assets. Does not include prepaid items. 		10319 12465 9345 12088 11338 15558 13448
Total Current Assets
CURRENT ASSETS
CURRENT ASSETS are those assets of a company that are reasonably expected to be realized in cash, or sold, or consumed during the normal operating cycle of the business (usually one year). Such assets include cash, accounts receivable and money due usually within one year, short-term investments, US government bonds, inventories, and prepaid expenses. 		14642 15946 13433 15835 18488 20301 17037
Net Property, Plant, Equip.
NET PROPERTY, PLANT, and EQUIPMENT
NET PROPERTY, PLANT, and EQUIPMENT is the book value of all buildings, land, furniture, and other physical capital assets that a business has purchased to run its business net of accumulated depreciation.   		1245 1300 1285 1304 1571 1916 2014
Long-Term Investments
LONG-TERM INVESTMENTS
LONG-TERM INVESTMENTS represents the investments a company intends to hold for over a one year period. For example: real estate, cash, stocks and bonds.. 		944 794 1113 941 731 542 283
Goodwill/Intangibles
GOODWILL / INTANGIBLES
GOODWILL / INTANGIBLES is the total value of all intangible assets, e.g. goodwill, patents, copyrights, etc. 		12146 12405 12211 12446 12738 14247 14672
Other Long-Term Assets
OTHER LONG-TERM ASSETS
OTHER LONG-TERM ASSETS includes long-term assets not included into the investments, fixed, or intangible assets categories. Those other assets may be that part of prepaid expenses that will start expiring more than a year after the balance sheet date, or the cash surrender value of life insurance on company officers, etc. 		1260 1461 1048 1243 1442 1525 1420
Total Assets
TOTAL ASSETS
TOTAL ASSETS is the total of all assets; both current and fixed. 		30237 31906 29090 31769 34970 38531 35426
Balance Sheet - Liabilities Qtr. End
03/31/2024		 Qtr. End
03/31/2023		 Yr. End
12/31/2023		 Yr. End
12/31/2022		 Yr. End
12/31/2021		 Yr. End
12/31/2020		 Yr. End
12/31/2019
Accounts Payable
ACCOUNTS PAYABLE
ACCOUNTS PAYABLE (AP) are trade accounts of businesses representing obligations to pay for goods and service received. 		1106 1002 1073 975 898 862 856
Short-Term Debt
SHORT TERM DEBT
SHORT TERM DEBT is any debt owed by a company that is due and payable within one year. The debt is often made up of short-term bank loans the company is liable for. 		650 250 650 254 617 974 319
Other Current Liab.
OTHER CURRENT LIABILITIES
OTHER CURRENT LIABILITIES includes any other current liabilities, including bank overdrafts and accrued expenses. 		11362 13637 10907 13550 13209 17496 14895
Total Current Liab.
CURRENT LIABILITIES
CURRENT LIABILITIES are liabilities to be paid within one year of the balance sheet date. 		13118 14889 12630 14779 14724 19332 16070
Long-Term Debt
LONG TERM DEBT
LONG TERM DEBT is all senior debt, including bonds, debentures, bank debt, mortgages, deferred portions of long term debt, and capital lease obligations. If a firm shows little to no long term debt over the years and/or their earning power could allow them to pay off their long term debt within 3-4 years, it is a good indicator of a sustainable competitive advantage. 		5307 4483 4574 4483 3989 4683 5323
Other Long-Term Liab.
OTHER LONG-TERM LIABILITIES
OTHER LONG-TERM LIABILITIES are any other non-current liabilities, including subordinated debt, and liability reserves. 		2244 2358 2293 2414 2949 3584 3664
Total Liabilites
TOTAL LIABILITIES
TOTAL LIABILITIES is all the obligations of the company, i.e. includes Total Current Liabilities, Long Term Debt, and any other miscellaneous liabilities the entity may have listed separately. 		20748 21810 21753 21753 21710 27711 25177
Preferred Stock
PREFERRED STOCK
PREFERRED STOCK, usually, non-voting capital stock that pays dividends at a specified rate and has preference over common stock in the payment of dividends and the liquidation of assets. A firm with a distinct sustainable competitive advantage is one that does not have preferred stock. 		0 0 0 0 0 0 0
Common Stock Equity
SHAREHOLDERS EQUITY
SHAREHOLDERS EQUITY is total assets minus total liabilities. It is the same as EQUITY, NET WORTH and stockholders equity. 		9489 10096 9520 10016 13260 10820 10249
Total Liabilities and Equity
TOTAL LIABILITIES AND EQUITY
TOTAL LIABILITIES AND EQUITY is all claims on the company's total assets, by outsiders (liabilities) and the company owners/shareholders (equity). 		30237 31906 29090 31769 34970 38531 35426

N/A: Data unavailable in order to calculate ratio
Z: Data equals zero in ratio denominator