Aon plc
For the period ended Mar 31, 2024. Filed Apr 26, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed Apr 26, 2024
AON$336.34+0.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Aon plc Condensed Consolidated Statements of Cash Flows
Aon plc
Condensed Consolidated Statements of Cash Flows
| Three Months Ended March 31, | ||
|---|---|---|
| (millions) | 2024 | 2023 |
| Cash flows from operating activities | ||
| Net income | $1,093 | $1,079 |
| Adjustments to reconcile net income to cash provided by operating activities: | ||
| Depreciation of fixed assets | 44 | 38 |
| Amortization and impairment of intangible assets | 16 | 25 |
| Share-based compensation expense | 130 | 127 |
| Deferred income taxes | (76) | (70) |
| Other, net | (82) | — |
| Change in assets and liabilities: | ||
| Receivables, net | (826) | (664) |
| Accounts payable and accrued liabilities | (343) | (443) |
| Accelerating Aon United Program liabilities | 34 | — |
| Current income taxes | 163 | 126 |
| Pension, other postretirement and postemployment liabilities | (12) | (9) |
| Other assets and liabilities | 168 | 234 |
| Cash provided by operating activities | 309 | 443 |
| Cash flows from investing activities | ||
| Proceeds from investments | 118 | 13 |
| Purchases of investments | (56) | (11) |
| Net sales (purchases) of short-term investments - non fiduciary | (5,046) | 280 |
| Acquisition of businesses, net of cash and funds held on behalf of clients | (4) | (2) |
| Sale of businesses, net of cash and funds held on behalf of clients | 75 | 1 |
| Capital expenditures | (48) | (76) |
| Cash provided by (used for) investing activities | (4,961) | 205 |
| Cash flows from financing activities | ||
| Share repurchase | (250) | (550) |
| Proceeds from issuance of shares | 25 | 25 |
| Cash paid for employee taxes on withholding shares | (130) | (157) |
| Commercial paper issuances, net of repayments | (591) | (173) |
| Issuance of debt | 5,942 | 744 |
| Increase in fiduciary liabilities, net of fiduciary receivables | 394 | 636 |
| Cash dividends to shareholders | (123) | (115) |
| Noncontrolling interests and other financing activities | (6) | (6) |
| Cash provided by financing activities | 5,261 | 404 |
| Effect of exchange rates on cash and cash equivalents and funds held on behalf of clients | (146) | 58 |
| Net increase in cash and cash equivalents and funds held on behalf of clients | 463 | 1,110 |
| Cash, cash equivalents and funds held on behalf of clients at beginning of period | 7,722 | 7,076 |
| Cash, cash equivalents and funds held on behalf of clients at end of period | $8,185 | $8,186 |
| Reconciliation of cash and cash equivalents and funds held on behalf of clients: | ||
| Cash and cash equivalents | $995 | $1,119 |
| Cash and cash equivalents and funds held on behalf of clients classified as held for sale | 73 | — |
| Funds held on behalf of clients | 7,117 | 7,067 |
| Total cash and cash equivalents and funds held on behalf of clients | $8,185 | $8,186 |
| Supplemental disclosures: | ||
| Interest paid | $95 | $79 |
| Income taxes paid, net of refunds | $244 | $206 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.