Financial Statements

Brown & Brown, Inc. (BRO)

$55.96

-0.01 (-0.02%)
Income Statement
Balance Sheet
Cash Flow

Income Statement

All numbers are in thousands

Retained Earning Schedule

Year 2021 2020 2019 2018 2017
Retained Earnings (Previous Year) 3,5213,1412,8342,457-
Net Income 587480399344400
Stock Dividends 00-01172,135
Dividend Paid -107-101-91-85-78
Retained Earnings 4,0013,5213,1412,8342,457

PPE Schedule

Year 2021 2020 2019 2018 2017
Gross PPE 38833310077-
Annual Depreciation 6612630665101
Capital Expenditure -45-71-73-42-24
Net PPE 40938833310077

Intangible and Goodwill Schedule

Year 2021 2020 2019 2018 2017
Intangible and Goodwill (Previous Year) -2,7163,4333,7464,396
New Purchases -11-9-18-14-12
Intangible and Goodwill 2,7163,4333,7464,3964,737

Brown & Brown, Inc. income statement is the only one that provides an overview of company sales and net income
The reasoning behind the adjustment, however, is that free cash flow is meant to measure money being spent right now, not transactions that happened in the past. This makes Brown & Brown, Inc. FCF a useful instrument for identifying growing companies with high up-front costs, which may eat into earnings now but have the potential to pay off later.