Marsh & McLennan Companies, Inc.
Cash Flow Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $1.49B | $1.77B | $1.60B | $1.47B | $1.36B | $1.18B | $993.0M | $855.0M |
| Depreciation & Amortization | $481.0M | $438.0M | $423.0M | $388.0M | $358.0M | $349.0M | $332.0M | — |
| Depreciation | $312.0M | $308.0M | $314.0M | $302.0M | $286.0M | $277.0M | $267.0M | $291.0M |
| Amortization | $169.0M | $130.0M | $109.0M | $86.0M | $72.0M | $72.0M | $65.0M | $66.0M |
| Stock-Based Compensation | $149.0M | $109.0M | $88.0M | $93.0M | $129.0M | $177.0M | — | — |
| Net Cash from Operating Activities | $1.89B | $2.01B | $1.89B | $2.12B | $1.34B | $1.32B | $1.71B | $722.0M |
| Investing Activities | ||||||||
| Capital Expenditures | $302.0M | $253.0M | $325.0M | $368.0M | $401.0M | $320.0M | $280.0M | $271.0M |
| Business Acquisitions | $655.0M | $813.0M | $952.0M | $554.0M | $142.0M | $292.0M | $237.0M | $492.0M |
| Net Cash from Investing Activities | $-956.0M | $-1.06B | $-1.27B | $-1.22B | $-446.0M | $-583.0M | $-457.0M | $535.0M |
| Financing Activities | ||||||||
| Dividends Paid | $740.0M | $682.0M | $632.0M | $582.0M | $533.0M | $497.0M | $480.0M | $452.0M |
| Stock Repurchases | $900.0M | $800.0M | $1.40B | $800.0M | $550.0M | $230.0M | $361.0M | $86.0M |
| Net Cash from Financing Activities | $-1.01B | $-1.07B | $-906.0M | $-968.0M | $-834.0M | $-633.0M | $-1.01B | $-1.13B |
| Net Change in Cash | $179.0M | $-348.0M | $-584.0M | $-345.0M | $2.0M | $188.0M | $219.0M | $117.0M |
| Free Cash Flow | $1.59B | $1.75B | $1.56B | $1.75B | $940.0M | $1.00B | $1.43B | $451.0M |