$41.8 B

MMC Mkt cap, 14-Dec-2018

$3.5 B

Marsh & McLennan Companies Revenue Q3, 2018
Marsh & McLennan Companies EBIT (Q3, 2018)541 M
Marsh & McLennan Companies Cash, 30-Sep-2018951 M
Marsh & McLennan Companies EV46.4 B

Marsh & McLennan Companies Revenue Breakdown

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Marsh & McLennan Companies revenue breakdown by business segment: 45.8% from Consulting and 54.2% from Risk and Insurance Services

Marsh & McLennan Companies revenue breakdown by geographic segment: 10.8% from Asia Pacific, 15.6% from Continental Europe, 15.0% from United Kingdom, 48.8% from United States and 9.8% from Other

Marsh & McLennan Companies Income Statement

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

12.3b3.2b12.9b13.2b14.0b

Revenue growth, %

(74%)297%2%6%

Cost of goods sold

7.3b7.5b7.9b

Gross profit

5.6b5.8b6.1b

Gross profit Margin, %

43%44%44%

Operating expense total

3.1b3.1b3.3b

EBIT

2.1b536.0m2.4b2.7b2.9b

EBIT margin, %

17%17%19%20%20%

Interest expense

167.0m165.0m163.0m189.0m237.0m

Interest income

18.0m21.0m13.0m5.0m9.0m

Pre tax profit

2.0b2.1b2.3b2.5b2.6b

Income tax expense

594.0m586.0m671.0m685.0m1.1b

Net Income

1.6b1.8b1.5b

Quarterly

USDQ2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Revenue

3.2b3.1b3.3b3.4b3.1b3.5b3.5b3.3b4.0b7.7b3.5b

Sales and marketing expense

1.8b1.9b1.9b1.9b1.8b1.9b1.9b1.9b2.2b4.4b2.1b

Operating expense total

1.8b1.9b1.9b1.9b1.8b1.9b1.9b1.9b2.2b4.4b2.1b

EBIT

629.0m461.0m733.0m726.0m572.0m809.0m764.0m597.0m908.0m1.6b541.0m

EBIT margin, %

20%15%22%22%18%23%22%18%23%21%15%

Interest expense

40.0m41.0m46.0m48.0m47.0m58.0m60.0m60.0m61.0m129.0m69.0m

Interest income

3.0m3.0m2.0m2.0m2.0m2.0m2.0m3.0m6.0m2.0m

Pre tax profit

595.0m457.0m686.0m681.0m525.0m753.0m711.0m537.0m916.0m1.6b385.0m

Income tax expense

166.0m128.0m196.0m201.0m141.0m175.0m204.0m140.0m220.0m403.0m106.0m

Marsh & McLennan Companies Balance Sheet

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

2.3b2.0b1.4b1.0b1.2b

Accounts Receivable

3.6b4.1b

Current Assets

6.3b6.1b5.0b4.9b5.6b

PP&E

725.0m712.0m

Goodwill

7.9b8.4b9.1b

Total Assets

17.0b17.8b18.2b18.2b20.4b

Accounts Payable

2.0b2.1b

Short-term debt

312.0m262.0m

Current Liabilities

3.8b3.7b3.7b4.1b4.3b

Long-term debt

2.6b3.4b4.4b4.5b5.2b

Total Debt

2.6b3.4b4.4b4.8b5.5b

Common Stock

561.0m561.0m

Additional Paid-in Capital

1.0b930.0m861.0m842.0m784.0m

Retained Earnings

9.5b10.3b11.3b12.4b13.1b

Total Equity

8.0b7.1b6.6b6.3b7.4b

Debt to Equity Ratio

0.3 x0.5 x0.7 x

Debt to Assets Ratio

0.2 x0.2 x0.2 x

Financial Leverage

2.1 x2.5 x2.8 x2.9 x2.7 x

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Cash

2.2b1.4b2.0b2.6b1.1b930.0m1.3b918.0m974.0m1.4b930.0m966.0m1.1b1.2b1.0b951.0m

Current Assets

6.2b5.6b6.4b6.9b5.2b5.3b5.5b4.8b4.9b5.2b5.0b5.2b5.2b6.3b6.2b6.0b

Goodwill

8.0b7.9b8.0b8.8b8.8b9.1b9.2b9.2b9.4b

Total Assets

17.0b16.6b17.6b18.0b16.8b17.4b17.7b18.1b18.1b18.4b19.0b19.4b19.7b21.4b21.2b21.1b

Accounts Payable

1.8b1.9b1.8b1.8b1.7b1.7b1.8b1.9b1.9b1.9b2.0b2.0b2.0b2.3b2.2b2.3b

Dividends Payable

138.0m139.0m154.0m153.0m151.0m166.0m163.0m163.0m178.0m178.0m176.0m194.0m193.0m193.0m212.0m211.0m

Current Liabilities

3.9b3.3b3.5b4.1b2.8b3.2b3.4b3.2b3.5b3.8b3.6b3.6b3.8b4.1b4.2b4.7b

Long-term debt

2.6b2.6b3.2b3.4b3.8b3.8b4.4b4.7b4.5b4.5b5.5b5.5b5.5b5.8b5.8b5.5b

Total Debt

2.6b2.6b3.2b3.4b3.8b3.8b4.4b4.7b4.5b4.5b5.5b5.5b5.5b5.8b5.8b5.5b

Additional Paid-in Capital

1.0b909.0m914.0m922.0m837.0m842.0m851.0m777.0m789.0m812.0m733.0m763.0m783.0m682.0m732.0m771.0m

Retained Earnings

9.2b9.6b9.9b10.0b10.5b10.8b10.9b11.5b11.8b12.0b12.6b12.9b13.1b13.8b14.1b14.2b

Total Equity

7.1b8.0b8.2b7.9b6.9b6.9b6.3b6.8b6.7b6.8b6.6b7.1b7.1b8.0b7.8b7.5b

Debt to Equity Ratio

0.4 x0.3 x0.4 x0.4 x0.6 x0.6 x0.7 x0.7 x0.7 x0.7 x0.8 x0.8 x0.8 x0.7 x0.7 x0.7 x

Debt to Assets Ratio

0.2 x0.2 x0.2 x0.2 x0.2 x0.2 x0.2 x0.3 x0.2 x0.2 x0.3 x0.3 x0.3 x0.3 x0.3 x0.3 x

Financial Leverage

2.4 x2.1 x2.1 x2.3 x2.5 x2.5 x2.8 x2.7 x2.7 x2.7 x2.9 x2.7 x2.8 x2.7 x2.7 x2.8 x

Marsh & McLennan Companies Cash Flow

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

1.6b1.8b1.5b

Depreciation and Amortization

423.0m438.0m481.0m

Accounts Receivable

(52.0m)(154.0m)(454.0m)

Accounts Payable

(125.0m)55.0m87.0m

Cash From Operating Activities

1.3b2.1b1.9b2.0b1.9b

Purchases of PP&E

(142.0m)(554.0m)

Cash From Investing Activities

(446.0m)(1.2b)(1.3b)(1.1b)(956.0m)

Long-term Borrowings

(260.0m)(331.0m)(61.0m)(12.0m)(315.0m)

Dividends Paid

(533.0m)(582.0m)(632.0m)(682.0m)(740.0m)

Cash From Financing Activities

(834.0m)(961.0m)(906.0m)(1.1b)(1.0b)

Net Change in Cash

(584.0m)(348.0m)179.0m

Free Cash Flow

940.0m1.7b1.6b1.8b1.6b

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Accounts Payable

135.0m30.0m(3.0m)

Cash From Operating Activities

575.0m1.1b106.0m980.0m229.0m1.1b343.0m1.1b413.0m1.3b

Purchases of PP&E

(108.0m)(319.0m)(383.0m)(416.0m)(16.0m)(260.0m)(431.0m)(75.0m)(77.0m)(88.0m)(411.0m)(412.0m)(629.0m)(24.0m)(144.0m)(536.0m)

Cash From Investing Activities

(299.0m)(416.0m)(581.0m)(816.0m)(194.0m)(528.0m)(743.0m)(126.0m)(190.0m)(258.0m)(461.0m)(538.0m)(859.0m)(70.0m)(279.0m)(752.0m)

Long-term Borrowings

(257.0m)(3.0m)(5.0m)(327.0m)(2.0m)(5.0m)(8.0m)(3.0m)(6.0m)(9.0m)(5.0m)(256.0m)(313.0m)(3.0m)(6.0m)(10.0m)

Dividends Paid

(394.0m)(137.0m)(275.0m)(429.0m)(151.0m)(302.0m)(468.0m)(161.0m)(326.0m)(504.0m)(175.0m)(351.0m)(545.0m)(189.0m)(383.0m)(594.0m)

Cash From Financing Activities

(350.0m)(118.0m)9.0m130.0m71.0m(488.0m)(630.0m)245.0m(376.0m)(783.0m)697.0m16.0m(527.0m)294.0m(232.0m)(747.0m)

Free Cash Flow

287.0m856.0m(70.0m)731.0m115.0m938.0m199.0m920.0m278.0m1.1b

Marsh & McLennan Companies Ratios

USDY, 2018

EV/EBIT

85.7 x

EV/CFO

35.2 x

EV/FCF

42.3 x

Debt/Equity

0.7 x

Debt/Assets

0.3 x

Financial Leverage

2.8 x
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Marsh & McLennan Companies Operating Metrics

Marsh & McLennan Companies's Customers was reported to be 250 k in FY, 2016.
FY, 2014FY, 2015FY, 2016

Active Customers (Insurance)

77 k

Countries

130 130 130

Customers

250 k
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Marsh & McLennan Companies Employee Rating

3.5706 votes
Culture & Values
3.4
Work/Life Balance
3.3
Senior Management
3.0
Salary & Benefits
3.3
Career Opportunities
3.1
Source