| 2010年 12月31日 | 2011年 12月31日 | 2012年 12月31日 | 2013年 12月31日 | 2014年 12月31日 | 2015年 12月31日 | 2016年 12月31日 | 2017年 12月31日 | 2018年 12月31日 | 2019年 12月31日 | 2020年 12月31日 | 2021年 12月31日 | 2022年 12月31日 |
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Net income | 162 | 164 | 184 | 217 | 207 | 243 | 257 | 400 | 344 | 399 | 480 | 587 | 672 |
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Amortization | - | - | - | - | - | - | - | - | - | 105 | 109 | 120 | 147 |
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Depreciation | 13 | 12 | 15 | 17 | 21 | 21 | 21 | 23 | 23 | 23 | 26 | 33 | 39 |
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Non-cash stock-based compensation | 7 | 11 | 16 | 23 | 19 | 16 | 16 | 31 | 34 | 47 | 60 | 61 | 66 |
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Change in estimated acquisition earn-out payables | - | - | - | - | - | - | - | - | - | -1 | -4 | 40 | -39 |
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Deferred income taxes | 23 | 30 | 33 | 32 | 7 | 23 | 18 | -102 | 15 | 12 | 16 | 34 | 43 |
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Amortization of Debt Discount (Premium) | - | - | - | - | 0 | 0 | 0 | 0 | 2 | 2 | 2 | 3 | 4 |
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Amortization (accretion) of discounts and premiums, investment | - | - | - | - | - | - | -0 | -0 | 0 | 0 | -0 | -0 | -0 |
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Net (gain)/loss on sales/disposals of investments, fixed assets and customer accounts | 1 | 2 | 4 | 3 | -42 | 0 | -1 | 2 | 2 | 10 | 1 | 7 | 4 |
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Payments on acquisition earn-outs in excess of original estimated payables | - | 1 | 4 | 3 | 3 | 11 | 4 | 15 | 13 | 0 | 5 | 21 | 30 |
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Effect of changes in foreign exchange rate changes | - | - | - | - | - | - | - | - | - | - | - | 0 | -1 |
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Commissions, fees and other receivables (increase) decrease | -3 | 21 | 11 | 41 | 11 | 7 | 64 | 43 | 94 | 87 | 135 | 73 | 61 |
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Reinsurance recoverable (increase) decrease | - | - | - | - | -12 | 19 | 46 | 400 | -412 | -7 | -15 | 20 | 768 |
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Prepaid reinsurance premiums (increase) decrease | - | - | - | - | 32 | -11 | -1 | 12 | 17 | 28 | 12 | 15 | 1 |
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Other assets (increase) decrease | -15 | 7 | -2 | 3 | 13 | 5 | 5 | 10 | 22 | 47 | 43 | 54 | 18 |
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Losses and loss adjustment reserve increase (decrease) | - | - | - | - | - | 19 | 46 | 399 | -412 | -7 | -15 | 20 | 778 |
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Unearned premiums increase (decrease) | - | - | - | - | 32 | -11 | -1 | 12 | 17 | 28 | 12 | 15 | 20 |
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Accounts payable increase (decrease) | 28 | -3 | 37 | 5 | 37 | 34 | 30 | 27 | 22 | 18 | 108 | 51 | 124 |
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Accrued expenses and other liabilities increase (decrease) | - | 4 | -43 | 71 | 12 | 8 | 9 | 26 | 23 | 43 | 35 | 67 | 37 |
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Other liabilities increase (decrease) | -5 | -6 | -24 | -13 | -25 | -24 | -26 | -32 | -9 | 16 | -72 | -47 | -128 |
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Net cash provided by operating activities | 296 | 238 | 220 | 389 | - | - | - | - | - | 678 | 722 | 942 | 881 |
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Additions to fixed assets | 10 | 14 | 24 | 16 | 25 | 18 | 18 | 24 | 42 | 73 | 71 | 45 | 53 |
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Payments for businesses acquired, net of cash acquired | 158 | 166 | 425 | 368 | 696 | 136 | 123 | 41 | 924 | 353 | 695 | 367 | 1,928 |
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Proceeds from Sale of Productive Assets | 2 | 4 | 14 | 6 | 14 | 11 | 5 | 4 | 5 | 22 | 10 | 17 | 60 |
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Purchases of investments | 9 | 13 | 11 | 18 | 18 | 23 | 26 | 11 | 9 | 18 | 14 | 12 | 0 |
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Proceeds from sales of investments | 9 | 13 | 11 | 16 | 18 | 22 | 19 | 10 | 18 | 8 | 11 | 11 | 7 |
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Net cash used in investing activities | -166 | -176 | -435 | -381 | - | - | - | - | - | -414 | -759 | -397 | -1,913 |
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Fiduciary receivables and liabilities, net | - | - | - | - | - | - | - | - | - | - | - | - | -96 |
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Deferred acquisition purchase payment | - | - | - | - | - | - | - | - | - | - | - | - | 5 |
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Payments on acquisition earn-outs | -2 | 9 | 14 | 15 | 10 | 25 | 24 | 29 | 14 | 10 | 25 | 63 | 76 |
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Proceeds from long-term debt | - | 100 | 200 | 30 | 1,048 | - | - | - | 300 | 350 | 700 | - | 2,000 |
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Payments on long-term debt | 19 | 102 | 1 | 0 | 330 | 46 | 73 | 97 | 120 | 50 | 55 | 73 | 61 |
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Deferred debt issuance costs | - | - | - | - | - | - | - | 3 | 1 | 4 | 7 | 3 | 23 |
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Proceeds from Lines of Credit | - | - | 100 | 32 | 475 | - | - | - | 600 | 100 | 250 | - | 350 |
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Payments on revolving credit facilities | - | - | 100 | 32 | 475 | - | - | - | 250 | 350 | 350 | - | 350 |
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Proceeds from Stock Options Exercised | 11 | 9 | 13 | 12 | 15 | 16 | 16 | 17 | 19 | 25 | 30 | 34 | 38 |
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Repurchase shares to fund tax withholdings for non-cash stock-based compensation | 10 | 1 | 9 | 1 | 3 | 3 | 8 | 8 | 12 | 11 | 41 | 50 | 49 |
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Purchase of treasury stock | - | - | - | - | 75 | 164 | 19 | 129 | 91 | 59 | 55 | 83 | 74 |
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Cash dividends paid | 44 | 46 | 50 | 54 | 59 | 64 | 70 | 78 | 85 | 91 | 101 | 107 | 120 |
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Net cash provided by (used in) financing activities | -54 | -48 | 149 | -26 | - | - | - | - | - | -79 | 346 | -344 | 1,725 |
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Effect of foreign exchange rate changes on cash and cash equivalents inclusive of fiduciary cash | - | - | - | - | - | - | - | - | - | - | - | - | -131 |
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Net increase in cash and cash equivalents inclusive of fiduciary cash | - | - | - | - | - | - | - | - | - | 185 | 309 | 198 | 563 |
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