Arthur J. Gallagher & Co.
Cash Flow Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $481.3M | $396.8M | $356.8M | $303.4M | $268.6M | $195.0M | $144.1M | $174.1M |
| Depreciation & Amortization | $385.8M | $350.8M | $334.2M | $258.9M | $178.6M | $140.4M | $115.2M | $93.1M |
| Depreciation | $121.1M | $103.6M | $93.9M | $69.4M | $53.4M | $41.4M | $35.9M | $32.3M |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | $17.3M | $14.7M | $11.2M | $10.6M | $7.7M | $7.5M | $14.3M | $9.0M |
| Net Cash from Operating Activities | $854.2M | $649.6M | $686.1M | $436.6M | $349.9M | $343.0M | $284.0M | $229.5M |
| Investing Activities | ||||||||
| Capital Expenditures | — | $217.8M | $99.0M | $81.5M | $93.6M | $51.0M | $45.9M | $25.1M |
| Business Acquisitions | $372.4M | $327.3M | $342.3M | $1.92B | $727.7M | $344.1M | $264.8M | $80.1M |
| Net Cash from Investing Activities | $-511.0M | $-485.3M | — | — | $-851.7M | $-382.2M | $-311.2M | $-92.6M |
| Financing Activities | ||||||||
| Dividends Paid | $282.7M | $272.2M | $257.5M | $223.1M | $182.6M | $204.4M | $145.8M | $133.5M |
| Stock Repurchases | $17.7M | $101.0M | — | — | — | $1.5M | $1.2M | $800.0K |
| Net Cash from Financing Activities | $-47.8M | $-11.6M | — | — | $502.6M | $45.9M | $65.6M | $-96.2M |
| Net Change in Cash | $367.4M | $65.1M | $166.0M | $16.3M | $-4.0M | $10.9M | $41.4M | $43.9M |
| Free Cash Flow | — | $431.8M | $587.1M | $355.1M | $256.3M | $292.0M | $238.1M | $204.4M |