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 Statements Of Income | |||
Period Ending Dec 31, 2019 10-K (Filed: Feb 20, 2020) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
| Revenue | $ 16,652 | 14,950 | 14,024 |
| Expense: | |||
| Compensation and benefits | 9,734 | 8,605 | 8,085 |
| Other operating expenses | 4,241 | 3,584 | 3,284 |
| Operating expenses | 13,975 | 12,189 | 11,369 |
| Operating income | 2,677 | 2,761 | 2,655 |
| Other net benefits credits | 265 | 215 | 201 |
| Interest income | 39 | 11 | 9 |
| Interest expense | (524) | (290) | (237) |
| Cost of extinguishment of debt | (32) | 0 | 0 |
| Investment income (loss) | 22 | (12) | 15 |
| Acquisition related derivative contracts | (8) | (441) | 0 |
| Income before income taxes | 2,439 | 2,244 | 2,643 |
| Income tax expense | 666 | 574 | 1,133 |
| Income from continuing operations | 1,773 | 1,670 | 1,510 |
| Discontinued operations, net of tax | 0 | 0 | 2 |
| Net income before non-controlling interests | 1,773 | 1,670 | 1,512 |
| Less: Net income attributable to non-controlling interests | 31 | 20 | 20 |
| Net income attributable to the Company | 1,742 | 1,650 | 1,492 |
| Basic net income per share | |||
| Continuing operations (in dollars per share) | 3.44 | 3.26 | 2.91 |
| Net income attributable to the Company (in dollars per share) | 3.44 | 3.26 | 2.91 |
| Diluted net income per share | |||
| Continuing operations (in dollars per share) | 3.41 | 3.23 | 2.87 |
| Net income attributable to the Company (in dollars per share) | 3.41 | 3.23 | 2.87 |
| Average number of shares outstanding | |||
| Basic (in shares) | 506 | 506 | 513 |
| Diluted (in shares) | 511 | 511 | 519 |
| Shares outstanding (in shares) | 504 | 504 | 509 |
| 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 |