2013 Q2 Form 10-K Financial Statement

#000119312514040834 Filed on February 07, 2014

View on sec.gov

Income Statement

Concept 2013 Q2 2013 2012 Q4
Revenue $779.5M $3.180B $673.2M
YoY Change 19.94% 26.16% 16.39%
Cost Of Revenue $76.60M $437.3M $448.2M
YoY Change 164.14% 291.85% 17.76%
Gross Profit $702.9M $2.742B $225.0M
YoY Change 13.21% 13.85% 13.75%
Gross Profit Margin 90.17% 86.25% 33.42%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $13.10M $53.40M $36.70M
YoY Change 28.43% 28.99% 8.26%
% of Gross Profit 1.86% 1.95% 16.31%
Operating Expenses $137.8M $535.9M $168.7M
YoY Change 11.4% 10.91% 20.5%
Operating Profit $565.1M $2.206B $56.30M
YoY Change 13.66% 14.59% -2.6%
Interest Expense $11.90M $50.10M -$10.90M
YoY Change 10.19% 16.51% 4.81%
% of Operating Profit 2.11% 2.27% -19.36%
Other Income/Expense, Net
YoY Change
Pretax Income $97.40M $291.0M $45.40M
YoY Change 6.92% 18.63% -4.22%
Income Tax $3.900M $6.400M $11.90M
% Of Pretax Income 4.0% 2.2% 26.21%
Net Earnings $93.50M $268.6M $33.50M
YoY Change 30.4% 37.74% -17.28%
Net Earnings / Revenue 11.99% 8.45% 4.98%
Basic Earnings Per Share $0.73 $2.08 $0.27
Diluted Earnings Per Share $0.73 $2.06 $0.27
COMMON SHARES
Basic Shares Outstanding 127.3M shares 128.9M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2013 Q2 2013 2012 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $240.0M $298.0M $302.0M
YoY Change -14.89% -1.32% 3.78%
Cash & Equivalents $240.0M $298.0M $302.1M
Short-Term Investments
Other Short-Term Assets $203.9M $1.289B $179.7M
YoY Change 29.13% 25.02% -4.72%
Inventory
Prepaid Expenses
Receivables $1.289B
Other Receivables $0.00
Total Short-Term Assets $2.603B $2.876B $2.430B
YoY Change -1.11% 18.35% 10.46%
LONG-TERM ASSETS
Property, Plant & Equipment $123.0M $160.0M $105.4M
YoY Change 21.9% 52.38% 15.44%
Goodwill $1.506B $1.473B
YoY Change 17.12% 27.47%
Intangibles $784.7M $809.6M
YoY Change 21.68% 44.19%
Long-Term Investments
YoY Change
Other Assets $270.6M $601.0M $283.3M
YoY Change 16.44% 12.34% 20.14%
Total Long-Term Assets $2.960B $3.985B $2.923B
YoY Change 18.29% 36.38% 27.96%
TOTAL ASSETS
Total Short-Term Assets $2.603B $2.876B $2.430B
Total Long-Term Assets $2.960B $3.985B $2.923B
Total Assets $5.562B $6.861B $5.352B
YoY Change 8.35% 28.2% 19.38%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.948B $2.155B $1.820B
YoY Change -4.42% 18.41% 12.21%
Accrued Expenses $284.0M $371.0M $307.0M
YoY Change 16.39% 20.85% 0.99%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $129.0M
YoY Change -100.0% 1190.0%
Long-Term Debt Due $0.00 $631.0M $129.0M
YoY Change -100.0% 389.15% 1190.0%
Total Short-Term Liabilities $2.344B $3.285B $2.363B
YoY Change -4.03% 39.02% 13.95%
LONG-TERM LIABILITIES
Long-Term Debt $925.0M $825.0M $725.0M
YoY Change 37.04% 13.79% 7.41%
Other Long-Term Liabilities $591.4M $665.0M $605.8M
YoY Change 8.77% 9.74% 23.31%
Total Long-Term Liabilities $1.516B $1.490B $1.331B
YoY Change 24.43% 11.95% 14.1%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.344B $3.285B $2.363B
Total Long-Term Liabilities $1.516B $1.490B $1.331B
Total Liabilities $3.860B $4.775B $3.694B
YoY Change 5.45% 29.26% 14.01%
SHAREHOLDERS EQUITY
Retained Earnings $554.9M $510.4M
YoY Change 10.82% 5.69%
Common Stock $1.220B $1.181B
YoY Change 19.54% 46.18%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.702B $2.086B $1.659B
YoY Change
Total Liabilities & Shareholders Equity $5.562B $6.861B $5.352B
YoY Change 8.35% 28.2% 19.38%

Cashflow Statement

Concept 2013 Q2 2013 2012 Q4
OPERATING ACTIVITIES
Net Income $93.50M $268.6M $33.50M
YoY Change 30.4% 37.74% -17.28%
Depreciation, Depletion And Amortization $13.10M $53.40M $36.70M
YoY Change 28.43% 28.99% 8.26%
Cash From Operating Activities $22.60M $349.9M $163.6M
YoY Change -79.93% 2.01% 66.26%
INVESTING ACTIVITIES
Capital Expenditures -$26.60M $93.60M -$14.90M
YoY Change 95.59% 83.53% 40.57%
Acquisitions $727.7M
YoY Change 111.48%
Other Investing Activities -$105.9M -$758.1M -$212.9M
YoY Change 87.77% 128.89% 555.08%
Cash From Investing Activities -$132.5M -$851.7M -$227.8M
YoY Change 89.29% 122.84% 428.54%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $76.20M
YoY Change -194.31%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 129.4M 502.6M 61.00M
YoY Change -317.48% 994.99% -1010.45%
NET CHANGE
Cash From Operating Activities 22.60M 349.9M 163.6M
Cash From Investing Activities -132.5M -851.7M -227.8M
Cash From Financing Activities 129.4M 502.6M 61.00M
Net Change In Cash 19.50M 800.0K -3.200M
YoY Change -215.38% -88.06% -106.58%
FREE CASH FLOW
Cash From Operating Activities $22.60M $349.9M $163.6M
Capital Expenditures -$26.60M $93.60M -$14.90M
Free Cash Flow $49.20M $256.3M $178.5M
YoY Change -61.01% -12.23% 63.76%

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CY2013Q4 ajg Unearned Fees
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CY2013Q4 ajg Future Amortization Expense Of Fiscal Year
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CY2013Q4 ajg Liabilities Recorded On Self Insurance
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CY2013Q4 ajg Equity Methods Investment Additional Ownership Interest Acquired
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CY2013Q4 ajg Business Acquisitions Purchase Price Allocation Goodwill Amount
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CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
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CY2011 us-gaap Earnings Per Share Diluted
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CY2011 us-gaap Common Stock Dividends Per Share Declared
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CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
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CY2011 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2011 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
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CY2011 us-gaap Earnings Per Share Basic
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CY2011 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
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P3Y5M1D
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
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900000 shares
CY2011 us-gaap Effective Income Tax Rate Continuing Operations
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CY2011 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
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P6Y
CY2011 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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CY2011 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
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CY2011 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
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CY2011 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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CY2011 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Discount Rate
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CY2011 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
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CY2011 us-gaap Number Of Businesses Acquired
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CY2011 us-gaap Net Cash Provided By Used In Operating Activities
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284000000
CY2011 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Expected Long Term Return On Assets
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CY2011 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
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CY2011 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
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CY2011 us-gaap Weighted Average Number Of Shares Outstanding Basic
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P2Y9M29D
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P3Y4M28D
CY2011 us-gaap Stock Issued During Period Shares Stock Options Exercised
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CY2011 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
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200000 shares
CY2011 us-gaap Foreign Currency Transaction Gain Loss Before Tax
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CY2011 us-gaap Revenues
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CY2011 us-gaap Comprehensive Income Net Of Tax
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CY2011 us-gaap Gain Loss On Sale Of Equity Investments
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CY2011 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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CY2011 us-gaap Increase Decrease In Deferred Income Taxes
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CY2011 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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CY2011 us-gaap Stock Issued During Period Value Stock Options Exercised
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CY2011 us-gaap Income Taxes Paid
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CY2011 us-gaap Business Acquisitions Pro Forma Net Income Loss
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CY2011 us-gaap Stock Issued During Period Value Acquisitions
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102300000
CY2011 us-gaap Other Sales Revenue Net
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CY2011 us-gaap Income Tax Reconciliation Tax Credits
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CY2011 us-gaap Stock Granted During Period Value Sharebased Compensation
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CY2011 us-gaap Income Loss From Continuing Operations
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CY2011 us-gaap Interest Paid
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CY2011 us-gaap Payments For Proceeds From Investments
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CY2011 us-gaap Foreign Currency Transaction Gain Loss Unrealized
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CY2011 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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CY2011 us-gaap Investment Income Net
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CY2011 us-gaap Increase Decrease In Other Operating Capital Net
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24900000
CY2011 us-gaap Net Income Loss
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CY2011 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
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CY2011 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
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CY2011 us-gaap Brokerage Commissions Revenue
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870200000
CY2011 us-gaap Payments For Repurchase Of Common Stock
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CY2011 us-gaap Defined Benefit Plan Expected Return On Plan Assets
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CY2011 us-gaap Increase Decrease In Reinsurance Payables
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CY2011 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
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1600000
CY2011 us-gaap Net Cash Provided By Used In Financing Activities
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65600000
CY2011 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Transition Asset Obligation Before Tax
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51200000
CY2011 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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CY2011 us-gaap Impairment Of Intangible Assets Finitelived
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CY2011 us-gaap Depreciation Amortization And Accretion Net
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CY2011 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
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CY2011 us-gaap Defined Benefit Plan Amount To Be Amortized From Accumulated Other Comprehensive Income Loss Next Fiscal Year
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CY2011 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Before Tax
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CY2011 us-gaap Business Combination Separately Recognized Transactions Additional Disclosures Acquisition Cost Expensed
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CY2011 us-gaap Adjustment For Amortization
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CY2011 us-gaap Share Based Compensation
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CY2011 us-gaap Current State And Local Tax Expense Benefit
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CY2011 us-gaap Increase Decrease In Accrued Income Taxes Payable
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CY2011 us-gaap Income Tax Reconciliation State And Local Income Taxes
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GALLAGHER ARTHUR J & CO
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<div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt"> <b>Basis of Presentation -</b> The accompanying consolidated financial statements include our accounts and all of our majority-owned subsidiaries (50% or greater ownership). Substantially all of our investments in partially owned entities in which our ownership is less than 50% are accounted for using the equity method based on the legal form of our ownership interest and the applicable ownership percentage of the entity. However, in situations where a less than 50%-owned investment has been determined to be a variable interest entity (which we refer to as a VIE) and we are deemed to be the primary beneficiary in accordance with the variable interest model of consolidation, we will consolidate the investment into our consolidated financial statements. For partially owned entities accounted for using the equity method, our share of the net earnings of these entities is included in consolidated net earnings. All material intercompany accounts and transactions have been eliminated in consolidation.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt"> Certain reclassifications have been made to the amounts reported in prior years&#x2019; consolidated financial statements in order to conform to the current year presentation.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt"> In the preparation of our consolidated financial statements as of December&#xA0;31, 2013, management evaluated all material subsequent events or transactions that occurred after the balance sheet date through the date on which the financial statements were issued for potential recognition in our consolidated financial statements and/or disclosure in the notes thereto.</p> </div>
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<div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 6pt"> <strong>Nature of Operations -</strong> Arthur J. Gallagher&#xA0;&amp; Co. and its subsidiaries, collectively referred to herein as we, our or us or the company, provide insurance brokerage and risk management services to a wide variety of commercial, industrial, institutional and governmental organizations through three reportable operating segments. Commission and fee revenue generated by the brokerage segment is primarily related to the negotiation and placement of insurance for our clients. Fee revenue generated by the risk management segment is primarily related to claims management, information management, risk control consulting (loss control) services and appraisals in the property/casualty market. Investment income and other revenue are generated from our investment portfolio, which includes invested cash and restricted funds, as well as clean energy and other investments. We are headquartered in Itasca, Illinois, have operations in 24 countries and offer client-service capabilities in more than 140&#xA0;countries globally through a network of correspondent insurance brokers and consultants.</p> </div>
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<div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt"> <strong>Use of Estimates</strong> - The preparation of our consolidated financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Such estimates and assumptions could change in the future as more information becomes known, which could impact the amounts reported and disclosed herein.</p> </div>
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CY2012 ajg Supplemental Commissions
SupplementalCommissions
67900000
CY2012 ajg Tax Expense From Issuance Of Common Stock
TaxExpenseFromIssuanceOfCommonStock
500000
CY2012 ajg Effective Income Tax Rate Reconciliation Foreign Dividends And Other Permanent Differences
EffectiveIncomeTaxRateReconciliationForeignDividendsAndOtherPermanentDifferences
-0.011 pure
CY2012 ajg Options To Purchase Common Stock Shares Outstanding
OptionsToPurchaseCommonStockSharesOutstanding
1100000 shares
CY2012 ajg Cash And Equity Award With Aggregate Fair Value Vested And Distributed To Participants
CashAndEquityAwardWithAggregateFairValueVestedAndDistributedToParticipants
700000
CY2012 ajg Income Tax Reconciliation Foreign Dividends And Other Permanent Differences
IncomeTaxReconciliationForeignDividendsAndOtherPermanentDifferences
-2700000
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NetChangeInFeesReceivableUnearnedFees
-4300000
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GoodwillEarnoutAdjustments
-100000
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AllowancesForEstimatedPolicyCancellations
4000000
CY2012 ajg Effective Income Tax Rate Reconciliation Changes In Unrecognized Tax Benefits Related To Resolution Of Federal And State Audits Expiration Of Various Statutes Of Limitations And Other Items
EffectiveIncomeTaxRateReconciliationChangesInUnrecognizedTaxBenefitsRelatedToResolutionOfFederalAndStateAuditsExpirationOfVariousStatutesOfLimitationsAndOtherItems
0.002 pure
CY2012 ajg Business Combination Aggregate Earnout Obligation Recorded Maximum
BusinessCombinationAggregateEarnoutObligationRecordedMaximum
139800000
CY2012 ajg Number Of Periods Options Expire
NumberOfPeriodsOptionsExpire
P7Y
CY2012 ajg Contingent Commissions
ContingentCommissions
42900000
CY2012 ajg Unearned Deferred Compensation Value
UnearnedDeferredCompensationValue
5600000
CY2012 ajg Tax Impact From Issuance Of Common Stock
TaxImpactFromIssuanceOfCommonStock
500000
CY2012 ajg Income Tax Reconciliation Changes In Unrecognized Tax Benefits Related To Resolution Of Federal And State Audits Expiration Of Various Statutes Of Limitations And Other Items
IncomeTaxReconciliationChangesInUnrecognizedTaxBenefitsRelatedToResolutionOfFederalAndStateAuditsExpirationOfVariousStatutesOfLimitationsAndOtherItems
600000
CY2012 ajg Deferred Compensation And Restricted Stock
DeferredCompensationAndRestrictedStock
8000000
CY2012 ajg Amortization Of Deferred Compensation And Restricted Stock
AmortizationOfDeferredCompensationAndRestrictedStock
8300000
CY2012 ajg Revenues From Clean Coal Activities
RevenuesFromCleanCoalActivities
119600000
CY2012 ajg Unearned Deferred Compensation Share
UnearnedDeferredCompensationShare
800000 shares
CY2012 ajg Weighted Average Number Of Common And Common Equivalent Shares Outstanding
WeightedAverageNumberOfCommonAndCommonEquivalentSharesOutstanding
122500000 shares
CY2012 ajg Change In Estimated Acquisition Earnout Payables
ChangeInEstimatedAcquisitionEarnoutPayables
3400000
CY2012 ajg Additional Equity Compensation Expenses
AdditionalEquityCompensationExpenses
300000
CY2012 ajg Net Change In Accrued Compensation And Other Accrued Liabilities
NetChangeInAccruedCompensationAndOtherAccruedLiabilities
-19200000
CY2012 ajg Commissions
Commissions
1302500000
CY2012 ajg Fair Value Of Funded Cash Award Assets
FairValueOfFundedCashAwardAssets
41600000
CY2012 ajg Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Expected Long Term Return On Plan Assets
DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationExpectedLongTermReturnOnPlanAssets
0.0750 pure
CY2012 ajg Business Combination Aggregate Earnout Obligation Maximum
BusinessCombinationAggregateEarnoutObligationMaximum
384800000
us-gaap Number Of Businesses Acquired
NumberOfBusinessesAcquired
279 Entity
CY2011Q1 ajg Compensation Approved By Committee Value
CompensationApprovedByCommitteeValue
6500000
CY2013Q1 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.32
CY2013Q1 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.32
CY2013Q1 us-gaap Revenues
Revenues
674100000
CY2013Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
42300000
CY2013Q1 us-gaap Net Income Loss
NetIncomeLoss
40500000
CY2013Q1 us-gaap Benefits Losses And Expenses
BenefitsLossesAndExpenses
-631800000
CY2013Q1 ajg Compensation Approved By Committee Value
CompensationApprovedByCommitteeValue
8000000
CY2012Q1 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.24
CY2012Q1 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.24
CY2012Q1 us-gaap Revenues
Revenues
546800000
CY2012Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
32500000
CY2012Q1 us-gaap Net Income Loss
NetIncomeLoss
28100000
CY2012Q1 us-gaap Benefits Losses And Expenses
BenefitsLossesAndExpenses
-514300000
CY2012Q1 ajg Compensation Approved By Committee Value
CompensationApprovedByCommitteeValue
7300000
CY2012Q2 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.60
CY2012Q2 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.59
CY2012Q2 us-gaap Revenues
Revenues
649900000
CY2012Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
91100000
CY2012Q2 us-gaap Net Income Loss
NetIncomeLoss
71700000
CY2012Q2 us-gaap Benefits Losses And Expenses
BenefitsLossesAndExpenses
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CY2013Q2 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
1200000 shares
CY2013Q2 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.73
CY2013Q2 us-gaap Benefits Losses And Expenses
BenefitsLossesAndExpenses
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CY2013Q2 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.73
CY2013Q2 us-gaap Revenues
Revenues
779500000
CY2013Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
97400000
CY2013Q2 us-gaap Net Income Loss
NetIncomeLoss
93500000
CY2013Q2 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
52400000
CY2012Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.50
CY2012Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.50
CY2012Q3 us-gaap Revenues
Revenues
650400000
CY2012Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
76300000
CY2012Q3 us-gaap Net Income Loss
NetIncomeLoss
61700000
CY2012Q3 us-gaap Benefits Losses And Expenses
BenefitsLossesAndExpenses
-574100000
CY2013Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.57
CY2013Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.57
CY2013Q3 us-gaap Revenues
Revenues
835800000
CY2013Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
85500000
CY2013Q3 us-gaap Net Income Loss
NetIncomeLoss
74600000
CY2013Q3 us-gaap Benefits Losses And Expenses
BenefitsLossesAndExpenses
-750300000
CY2012Q4 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.27
CY2012Q4 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.27
CY2012Q4 us-gaap Revenues
Revenues
673200000
CY2012Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
45400000
CY2012Q4 us-gaap Net Income Loss
NetIncomeLoss
33500000
CY2012Q4 us-gaap Benefits Losses And Expenses
BenefitsLossesAndExpenses
-627800000
CY2013Q4 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.45
CY2013Q4 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.45
CY2013Q4 us-gaap Revenues
Revenues
890200000
CY2013Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
49300000
CY2013Q4 us-gaap Net Income Loss
NetIncomeLoss
60000000
CY2013Q4 us-gaap Benefits Losses And Expenses
BenefitsLossesAndExpenses
-840900000

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