WILLIS TOWERS WATSON PLC

10-K & 10-Q Filings

Willis Towers Watson (WTW) is a leading global advisory, broking, and solutions company that provides data-driven, insight-led solutions in the areas of people, risk, and capital. The company operates in attractive markets with a diversified platform across industries, segments, and businesses globally. WTW's vision is to be the best advisory, broking, and solutions company for the benefit of all stakeholders, creating a competitive advantage and delivering sustainable, profitable growth. The company has two integrated reportable operating segments: Health, Wealth & Career (HWC) and Risk & Broking (R&B). HWC provides advice, broking, solutions, and technology for employee benefit plans, institutional investors, compensation and career programs, and the employee experience overall. R&B provides a broad range of risk advice, insurance brokerage, and consulting services to clients globally. WTW's business strategy focuses on growing, simplifying, and transforming. The company aims to grow at or above market in priority areas, simplify the business to increase agility and effectiveness, and transform operations to drive savings while enhancing the client and colleague experiences. The company's website is www.wtwco.com, and its ticker symbol is not provided in the text.

12 mos ending Dec 31, 201112 mos ending Dec 31, 201212 mos ending Dec 31, 201312 mos ending Dec 31, 201412 mos ending Dec 31, 201512 mos ending Dec 31, 201612 mos ending Dec 31, 201712 mos ending Dec 31, 201812 mos ending Dec 31, 201912 mos ending Dec 31, 202012 mos ending Dec 31, 202112 mos ending Dec 31, 202212 mos ending Dec 31, 20233 mos ending Mar 31, 20233 mos ending Mar 31, 2024CAGR %YoY %Revenue (+)
$3447.00
3480.00
3655.00
3802.00
3829.00
7887.00
8202.00
8513.00
9039.00
9352.00
8998.00
8866.00
9483.00
2244.00
2341.00
8.80%4.32%Cost of Revenue (-)
$
2.00
Selling, General & Administrative (-)
$2087.00
2475.00
2207.00
2314.00
2306.00
4646.00
4745.00
5123.00
5249.00
5507.00
5253.00
5065.00
5344.00
1313.00
1342.00
8.15%2.21%Depreciation & Amortization (-)
$74.00
138.00
149.00
146.00
171.00
769.00
581.00
534.00
489.00
462.00
369.00
312.00
263.00
71.00
60.00
11.15%-15.49%Non-recurring Operating Expenses (-)
$
492.00
193.00
132.00
24.00
26.00
99.00
68.00
3.00
18.00
500.00%Operating Expenses (-)
$2881.00
3689.00
2970.00
3155.00
3402.00
7336.00
7464.00
7496.00
7457.00
7751.00
7321.00
7252.00
7490.00
1840.00
1877.00
8.29%2.01%Costs & Expenses (Total) (-)
$2881.00
3689.00
2972.00
3155.00
3402.00
7336.00
7464.00
7704.00
7710.00
8169.00
6796.00
7688.00
8118.00
1959.00
2061.00
9.02%5.21%Operating Income/Loss (+)
$566.00
-209.00
685.00
647.00
427.00
551.00
738.00
809.00
1329.00
1183.00
2202.00
1178.00
1365.00
285.00
280.00
7.61%-1.75%Non-operating Income/Expense (+)
$12.00
5.00
-58.00
20.00
66.00
-25.00
-58.00
250.00
227.00
399.00
701.00
288.00
149.00
25.00
26.00
23.36%4.00%Interest Expense (-)
$156.00
128.00
126.00
135.00
142.00
184.00
188.00
208.00
234.00
244.00
211.00
208.00
235.00
54.00
64.00
3.47%18.52%Earnings before Tax (+)
$239.00
-337.00
499.00
518.00
340.00
340.00
489.00
851.00
1322.00
1338.00
2692.00
1258.00
1279.00
256.00
242.00
15.00%-5.47%Tax Expense (-)
$32.00
101.00
122.00
159.00
-33.00
-96.00
-100.00
136.00
249.00
318.00
536.00
194.00
215.00
50.00
48.00
17.20%-4.00%Income/Loss (Continuing Operations) (+)
$219.00
-433.00
377.00
359.00
373.00
436.00
589.00
715.00
1073.00
1020.00
2156.00
1064.00
1064.00
206.00
194.00
14.08%-5.83%Income/Loss (Discontinued Operations) (+)
$1.00
2080.00
-40.00
Profit/Loss (+)
$220.00
-433.00
377.00
373.00
384.00
438.00
592.00
715.00
1073.00
1020.00
4236.00
1024.00
1064.00
206.00
194.00
14.04%-5.83%Net Income/Loss (NCI) (-)
$16.00
13.00
12.00
11.00
11.00
18.00
24.00
20.00
29.00
24.00
14.00
15.00
9.00
3.00
4.00
-4.68%33.33%Net Income/Loss (+)
$204.00
-446.00
365.00
362.00
373.00
420.00
568.00
695.00
1044.00
996.00
4222.00
1009.00
1055.00
203.00
190.00
14.67%-6.40%Net Income/Loss (Common) (+)
$204.00
-446.00
365.00
362.00
373.00
420.00
568.00
695.00
1044.00
996.00
4222.00
1009.00
1055.00
203.00
190.00
14.67%-6.40%EPS (Basic)
$1.17
-2.58
2.07
2.03
5.49
3.07
4.21
5.29
8.05
7.68
32.88
9.00
10.01
1.89
1.84
19.59%-2.65%EPS (Diluted)
$1.15
-2.58
2.04
2.00
5.41
3.04
4.18
5.27
8.02
7.65
32.78
8.98
9.95
1.88
1.83
19.70%-2.66%Weighted Avg Shares (Basic)
174.14
173.65
179.02
179.48
138.17
135.53
132.22
129.10
128.72
128.97
117.75
106.58
102.48
106.41
102.24
-4.32%-3.93%Cash
$436.00
500.00
796.00
635.00
532.00
870.00
1030.00
1033.00
887.00
2089.00
4486.00
1262.00
1424.00
1135.00
1893.00
10.37%66.78%Receivables
$910.00
933.00
1041.00
1044.00
1258.00
2080.00
2246.00
2379.00
2621.00
2555.00
2370.00
2387.00
2572.00
2261.00
2430.00
9.04%7.47%Prepaid Expenses (Current)
$
612.00
414.00
Other Assets (Current)
$9641.00
9465.00
8624.00
9174.00
10713.00
10842.00
12585.00
13008.00
13529.00
15657.00
11020.00
11772.00
9437.00
12550.00
10319.00
-0.18%-17.78%Assets (Current)
$10987.00
10898.00
10461.00
10853.00
12503.00
13792.00
15861.00
16420.00
17037.00
20301.00
18488.00
15835.00
13433.00
15946.00
14642.00
1.69%-8.18%Securities & Long-term Investments
$170.00
174.00
176.00
169.00
13.00
Property, Plant & Equipment (Net)
$406.00
468.00
481.00
483.00
563.00
839.00
985.00
942.00
2014.00
1916.00
1571.00
1304.00
1285.00
1300.00
1245.00
10.08%-4.23%Goodwill & Intangibles
$3715.00
3212.00
3191.00
3387.00
4852.00
14781.00
14401.00
13783.00
14672.00
14247.00
12738.00
12446.00
12211.00
12405.00
12146.00
10.42%-2.09%Other Assets
$450.00
360.00
491.00
543.00
908.00
841.00
1211.00
1240.00
1703.00
2067.00
2173.00
2184.00
2161.00
2255.00
2204.00
13.97%-2.26%Assets (Non-current)
$4741.00
4214.00
4339.00
4582.00
6336.00
16461.00
16597.00
15965.00
18389.00
18230.00
16482.00
15934.00
15657.00
15960.00
15595.00
10.47%-2.29%Assets (Total)
$15728.00
15112.00
14800.00
15435.00
18839.00
30253.00
32458.00
32385.00
35426.00
38531.00
34970.00
31769.00
29090.00
31906.00
30237.00
5.26%-5.23%Accounts Payable
$15.00
19.00
21.00
33.00
45.00
Debt (Current)
$15.00
15.00
15.00
167.00
988.00
508.00
85.00
186.00
480.00
971.00
613.00
250.00
650.00
250.00
650.00
36.90%160.00%Other Liabilities (Current)
$9966.00
10160.00
9474.00
10032.00
11768.00
12862.00
14670.00
15115.00
15590.00
18361.00
14111.00
14529.00
11980.00
14639.00
12468.00
1.55%-14.83%Liabilities (Current)
$9996.00
10194.00
9474.00
10232.00
12801.00
13370.00
14755.00
15301.00
16070.00
19332.00
14724.00
14779.00
12630.00
14889.00
13118.00
1.97%-11.89%Debt (Non-current)
$2354.00
2338.00
2311.00
2142.00
2278.00
3357.00
4450.00
4389.00
6265.00
4664.00
3974.00
4471.00
4567.00
4472.00
5307.00
5.68%18.67%Other Liabilities
$861.00
855.00
772.00
995.00
1347.00
3292.00
2976.00
2698.00
2722.00
3603.00
2964.00
2426.00
2300.00
2369.00
2244.00
8.53%-5.28%Liabilities (Non-current)
$3215.00
3193.00
3083.00
3137.00
3625.00
6649.00
7426.00
7087.00
8987.00
8267.00
6938.00
6897.00
6867.00
6841.00
7551.00
6.53%10.38%Liabilities (Total)
$13211.00
13387.00
12557.00
13369.00
16426.00
20019.00
22181.00
22388.00
25057.00
27599.00
21662.00
21676.00
19497.00
21730.00
20669.00
3.30%-4.88%Treasury Stock
$3.00
3.00
3.00
3.00
3.00
99.00
3.00
3.00
3.00
3.00
3.00
3.00
Retained Earnings
$2160.00
1427.00
1595.00
1530.00
1597.00
1452.00
1104.00
1201.00
1792.00
2434.00
4645.00
1764.00
1466.00
1774.00
1464.00
-3.18%-17.47%AOCI
$-744.00
-1066.00
-1037.00
-1884.00
-1513.00
-1961.00
-2227.00
-2359.00
-2186.00
-2621.00
-2856.00
-2568.00
-2905.00
-13.12%Shareholder's Equity
$2517.00
1725.00
2243.00
2007.00
2360.00
10183.00
10249.00
9971.00
10369.00
10932.00
13308.00
10093.00
9593.00
10176.00
9568.00
11.80%-5.97%Liabilities & Equity
$15728.00
15112.00
14800.00
15435.00
18839.00
30253.00
32458.00
32385.00
35426.00
38531.00
34970.00
31769.00
29090.00
31906.00
30237.00
5.26%-5.23%Net Income/Loss
$220.00
-433.00
377.00
373.00
384.00
438.00
592.00
715.00
1073.00
1020.00
4236.00
1024.00
1064.00
206.00
194.00
14.04%-5.83%Depreciation & Amortization
$74.00
138.00
149.00
146.00
171.00
769.00
833.00
747.00
729.00
770.00
650.00
687.00
505.00
158.00
119.00
17.36%-24.68%Increase/Decrease in Working Capital
$134.00
120.00
90.00
87.00
278.00
108.00
278.00
-3.00
790.00
56.00
449.00
888.00
371.00
263.00
353.00
8.86%34.22%Share-based Compensation
$41.00
32.00
42.00
52.00
64.00
123.00
-24.00
-113.00
-61.00
-106.00
-67.00
-54.00
99.00
18.00
20.00
7.62%11.11%Adjustments to Reconcile Net Income
$221.00
958.00
184.00
104.00
-141.00
482.00
270.00
573.00
8.00
754.00
-2175.00
-212.00
281.00
-72.00
-170.00
2.02%-136.11%Net Cash (Operating)
$439.00
525.00
561.00
477.00
243.00
920.00
862.00
1288.00
1081.00
1774.00
2061.00
812.00
1345.00
134.00
24.00
9.78%-82.09%Capital Expenditure
$119.00
204.00
117.00
270.00
951.00
-257.00
256.00
354.00
1371.00
-80.00
-3948.00
176.00
1017.00
23.00
42.00
19.58%82.61%Net Cash (Investing)
$-101.00
-172.00
-120.00
-276.00
-943.00
195.00
-335.00
-341.00
-1614.00
-160.00
2570.00
-173.00
-1085.00
-61.00
-74.00
-21.31%Increase/Decrease in Debt
$-207.00
-14.00
-14.00
-15.00
895.00
-128.00
589.00
74.00
971.00
-45.00
-1008.00
165.00
494.00
-1.00
745.00
74600.00%Increase/Decrease in Equity
$48.00
-47.00
147.00
-82.00
37.00
-347.00
-657.00
-565.00
-118.00
14.00
-1621.00
-3528.00
-1007.00
-104.00
-108.00
-3.85%Dividends Paid
$193.00
196.00
203.00
227.00
293.00
199.00
277.00
306.00
329.00
346.00
374.00
369.00
352.00
87.00
86.00
5.14%-1.15%Net Cash (Financing)
$-214.00
-291.00
-137.00
-323.00
641.00
-762.00
-479.00
-903.00
397.00
-434.00
-3114.00
-3445.00
-1200.00
-453.00
1556.00
443.49%Effect of Exchange Rate
$-4.00
2.00
-8.00
-39.00
-44.00
-15.00
112.00
-41.00
-2.00
21.00
-127.00
-164.00
11.00
21.00
-47.00
-323.81%Increase/Decrease in Cash
$124.00
62.00
304.00
-122.00
-59.00
-136.00
1180.00
1517.00
-2806.00
-940.00
-380.00
1506.00
496.32%Cash (Beginning)
$316.00
436.00
500.00
796.00
635.00
532.00
870.00
1030.00
1033.00
895.00
6301.00
7691.00
4721.00
4721.00
3792.00
25.27%-19.68%Cash (Ending)
$436.00
500.00
796.00
635.00
532.00
870.00
1030.00
1033.00
895.00
2096.00
7691.00
4721.00
3792.00
4362.00
5251.00
19.75%20.38%NOPAT
$490.22
-146.36
517.53
448.40
468.44
706.58
888.92
679.71
1078.68
901.84
2640.44
996.34
1135.54
229.34
224.46
7.25%-2.12%Operating Margin %
16.42%
-6.01%
18.74%
17.02%
11.15%
6.99%
9.00%
9.50%
14.70%
12.65%
24.47%
13.29%
14.39%
12.70%
11.96%
NOPAT Margin %
14.22%
-4.21%
14.16%
11.79%
12.23%
8.96%
10.84%
7.98%
11.93%
9.64%
29.34%
11.24%
11.97%
10.22%
9.59%
Net Margin %
5.92%
-12.82%
9.99%
9.52%
9.74%
5.33%
6.93%
8.16%
11.55%
10.65%
46.92%
11.38%
11.13%
9.05%
8.12%
Tax Rate %
13.39%
29.97%
24.45%
30.69%
-9.71%
-28.24%
-20.45%
15.98%
18.84%
23.77%
-19.91%
15.42%
16.81%
19.53%
19.83%
ROA
3.12%
-0.97%
3.50%
2.91%
2.49%
2.34%
2.74%
2.10%
3.04%
2.34%
7.55%
3.14%
3.90%
0.72%
0.74%
ROE
19.48%
-8.48%
23.07%
22.34%
19.85%
6.94%
8.67%
6.82%
10.40%
8.25%
19.84%
9.87%
11.84%
2.25%
2.35%
ROIC
129.79%
161.47%
182.87%
41.57%
4.52%
5.78%
4.62%
6.46%
5.58%
18.45%
7.25%
8.41%
1.67%
1.68%
Asset Turnover
0.22
0.23
0.25
0.25
0.20
0.26
0.25
0.26
0.26
0.24
0.26
0.28
0.33
0.07
0.08
Equity Multiplier
6.25
8.76
6.60
7.69
7.98
2.97
3.17
3.25
3.42
3.52
2.63
3.15
3.03
3.14
3.16
Current Ratio
1.10
1.07
1.10
1.06
0.98
1.03
1.07
1.07
1.06
1.05
1.26
1.07
1.06
1.07
1.12
Quick Ratio
0.13
0.14
0.19
0.16
0.14
0.22
0.22
0.22
0.22
0.24
0.47
0.25
0.32
0.23
0.33
Debt/Equity Ratio
0.94
1.36
1.04
1.15
1.38
0.38
0.44
0.46
0.65
0.52
0.34
0.47
0.54
0.46
0.62
Working Capital/Sales
-1.09
-1.10
-0.92
-0.95
-1.12
Dividend Payout Ratio %
39.37%
133.91%
39.23%
50.62%
62.55%
28.16%
31.16%
45.02%
30.50%
38.37%
14.16%
37.04%
31.00%
37.94%
38.31%
Total Payout
$352.00
257.00
70.00
324.00
-639.00
674.00
345.00
797.00
-524.00
377.00
3003.00
3732.00
865.00
192.00
-551.00
7.78%-386.98%Payout Ratio %
71.80%
175.59%
13.53%
72.26%
-136.41%
95.39%
38.81%
117.26%
-48.58%
41.80%
113.73%
374.57%
76.17%
83.72%
-245.47%