10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||||||||||||||
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10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
MARSH & MCLENNAN COMPANIES, INC. | ||
Ticker: MMC Fiscal Year: 2019 | ||
Consolidated Balance Sheets | ||
Period Ending Dec 31, 2019 10-K (Filed: Feb 20, 2020) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2019 | Dec 31, 2018 | |
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $ 1,155 | 1,066 |
| Receivables | ||
| Commissions and fees | 4,608 | 3,984 |
| Advanced premiums and claims | 123 | 79 |
| Other | 645 | 366 |
| Gross receivables | 5,376 | 4,429 |
| Less-allowance for doubtful accounts and cancellations | (140) | (112) |
| Net receivables | 5,236 | 4,317 |
| Other current assets | 677 | 551 |
| Total current assets | 7,068 | 5,934 |
| Goodwill | 14,671 | 9,599 |
| Other intangible assets | 2,774 | 1,437 |
| Fixed assets, net | 858 | 701 |
| Pension related assets | 1,632 | 1,688 |
| Right of use assets | 1,921 | |
| Deferred tax assets | 676 | 680 |
| Other assets | 1,757 | 1,539 |
| Total assets | 31,357 | 21,578 |
| LIABILITIES AND EQUITY | ||
| Current liabilities: | ||
| Short-term debt | 1,215 | 314 |
| Accounts payable and accrued liabilities | 2,746 | 2,234 |
| Accrued compensation and employee benefits | 2,197 | 1,778 |
| Acquisition related derivatives | 0 | 441 |
| Current lease liabilities | 342 | |
| Accrued income taxes | 179 | 157 |
| Total current liabilities | 6,679 | 4,924 |
| Fiduciary liabilities | 7,344 | 5,001 |
| Less cash and investments held in a fiduciary capacity | (7,344) | (5,001) |
| Fiduciary liabilities, net, noncurrent | 0 | 0 |
| Long-term debt | 10,741 | 5,510 |
| Pension, postretirement and postemployment benefits | 2,336 | 1,911 |
| Long-term lease liabilities | 1,926 | |
| Liability for errors and omissions | 335 | 287 |
| Other liabilities | 1,397 | 1,362 |
| Commitments and contingencies | 0 | 0 |
| Equity: | ||
| Preferred stock, $1 par value, authorized 6,000,000 shares, none issued | 0 | 0 |
| Common stock, $1 par value, authorized 1,600,000,000 shares, issued 560,641,640 shares at December 31, 2018 and December 31, 2017 | 561 | 561 |
| Additional paid-in capital | 862 | 817 |
| Retained earnings | 15,199 | 14,347 |
| Accumulated other comprehensive loss | (5,055) | (4,647) |
| Non-controlling interests | 150 | 73 |
| Stockholders Equity Subtotal Before Treasury Stock | 11,717 | 11,151 |
| Less treasury shares, at cost, 57,013,097 shares at December 31, 2019 and 56,804,468 shares at December 31, 2018 | (3,774) | (3,567) |
| Total equity | 7,943 | 7,584 |
| Total liabilities and stockholders' equity | 31,357 | 21,578 |
| External Links | |
| MARSH & MCLENNAN COMPANIES, INC. (MMC) Fiscal Year 2019 | |
| Statements of 10-K in Excel | https://www.sec.gov/.../Financial.xlxs |
| Complete 10-K in HTML | https://www.sec.gov/.../10-K.html |
| Complete 10-K in XBRL | https://www.sec.gov/.../10-K-xbrl.zip |