Aon plc
For the period ended Dec 31, 2024. Filed Feb 18, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Feb 18, 2025
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 Consolidated Statements of Cash Flows
Aon plc
Consolidated Statements of Cash Flows
| (millions) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Cash flows from operating activities | |||
| Net income | $2,720 | $2,628 | $2,646 |
| Adjustments to reconcile net income to cash provided by operating activities: | |||
| Gain from sales of businesses | (337) | (4) | (54) |
| Depreciation of fixed assets | 183 | 167 | 151 |
| Amortization and impairment of intangible assets | 503 | 89 | 113 |
| Share-based compensation expense | 474 | 438 | 397 |
| Deferred income taxes | (311) | (373) | (252) |
| Other, net | (134) | 28 | 170 |
| Change in assets and liabilities: | |||
| Receivables, net | (312) | (188) | (96) |
| Accounts payable and accrued liabilities | 393 | 13 | (22) |
| Accelerating Aon United Program liabilities | 17 | 99 | — |
| Current income taxes | — | 174 | 216 |
| Pension, other postretirement and postemployment liabilities | (18) | 8 | (53) |
| Other assets and liabilities | (143) | 356 | 3 |
| Cash provided by operating activities | 3,035 | 3,435 | 3,219 |
| Cash flows from investing activities | |||
| Proceeds from investments | 212 | 76 | 110 |
| Purchases of investments | (172) | (67) | (107) |
| Net sales of short-term investments - non fiduciary | 151 | 85 | (175) |
| Acquisition of businesses, net of cash and funds held on behalf of clients | (3,506) | (35) | (162) |
| Sale of businesses, net of cash and funds held on behalf of clients | 700 | 5 | 81 |
| Capital expenditures | (218) | (252) | (196) |
| Cash used for investing activities | (2,833) | (188) | (449) |
| Cash flows from financing activities | |||
| Share repurchase | (1,000) | (2,700) | (3,203) |
| Proceeds from issuance of shares | 79 | 72 | 58 |
| Cash paid for employee taxes on withholding shares | (202) | (241) | (215) |
| Commercial paper issuances, net of repayments | (591) | (27) | (65) |
| Issuance of debt | 7,926 | 744 | 1,967 |
| Repayment of debt | (4,928) | (350) | (500) |
| Increase in fiduciary liabilities, net of fiduciary receivables | 280 | 358 | 702 |
| Cash dividends to shareholders | (562) | (489) | (463) |
| Redeemable and non-redeemable noncontrolling interests, and other financing activities | (206) | (232) | (71) |
| Cash provided by (used for) financing activities | 796 | (2,865) | (1,790) |
| Effect of exchange rates on cash and cash equivalents and funds held on behalf of clients | (387) | 264 | (549) |
| Net increase in cash and cash equivalents and funds held on behalf of clients | 611 | 646 | 431 |
| Cash, cash equivalents and funds held on behalf of clients at beginning of year | 7,722 | 7,076 | 6,645 |
| Cash, cash equivalents and funds held on behalf of clients at end of year | $8,333 | $7,722 | $7,076 |
| Reconciliation of cash and cash equivalents and funds held on behalf of clients: | |||
| Cash and cash equivalents | $1,085 | $778 | $690 |
| Cash and cash equivalents and funds held on behalf of clients classified as held for sale | 1 | 43 | — |
| Funds held on behalf of clients | 7,247 | 6,901 | 6,386 |
| Total cash and cash equivalents and funds held on behalf of clients | $8,333 | $7,722 | $7,076 |
| Supplemental disclosures: | |||
| Interest paid | $658 | $446 | $351 |
| Income taxes paid, net of refunds | $1,053 | $740 | $546 |
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