2014 Form 10-K Financial Statement

#000119312515047308 Filed on February 13, 2015

View on sec.gov

Income Statement

Concept 2014 2013 Q4 2013 Q3
Revenue $4.627B $890.2M $835.8M
YoY Change 45.51% 32.23% 28.51%
Cost Of Revenue $1.059B $628.8M $146.9M
YoY Change 142.14% 40.29% 430.32%
Gross Profit $3.568B $261.4M $688.9M
YoY Change 30.1% 16.18% 10.63%
Gross Profit Margin 77.11% 29.36% 82.42%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $69.40M $50.30M $14.30M
YoY Change 29.96% 37.06% 33.64%
% of Gross Profit 1.95% 19.24% 2.08%
Operating Expenses $743.1M $198.2M $133.1M
YoY Change 38.66% 17.49% 9.46%
Operating Profit $2.825B $63.20M $555.8M
YoY Change 28.01% 12.26% 10.92%
Interest Expense $89.00M -$13.90M $13.10M
YoY Change 77.64% 27.52% 22.43%
% of Operating Profit 3.15% -21.99% 2.36%
Other Income/Expense, Net
YoY Change
Pretax Income $291.5M $49.30M $85.50M
YoY Change 0.17% 8.59% 12.06%
Income Tax -$36.00M -$10.70M $10.90M
% Of Pretax Income -12.35% -21.7% 12.75%
Net Earnings $303.4M $60.00M $74.60M
YoY Change 12.96% 79.1% 20.91%
Net Earnings / Revenue 6.56% 6.74% 8.93%
Basic Earnings Per Share $1.98 $0.57
Diluted Earnings Per Share $1.97 $452.8K $0.57
COMMON SHARES
Basic Shares Outstanding 152.9M shares 129.8M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2014 2013 Q4 2013 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $314.0M $298.0M $287.0M
YoY Change 5.37% -1.32% -5.9%
Cash & Equivalents $314.0M $298.1M $286.9M
Short-Term Investments
Other Short-Term Assets $1.542B $261.3M $260.5M
YoY Change 19.63% 45.41% 42.74%
Inventory
Prepaid Expenses $48.50M
Receivables
Other Receivables
Total Short-Term Assets $3.811B $2.876B $2.547B
YoY Change 32.51% 18.36% 9.54%
LONG-TERM ASSETS
Property, Plant & Equipment $195.0M $160.4M $148.1M
YoY Change 21.88% 52.18% 46.63%
Goodwill $2.145B $1.772B
YoY Change 45.66% 28.94%
Intangibles $1.079B $918.0M
YoY Change 33.25% 27.02%
Long-Term Investments
YoY Change
Other Assets $778.0M $320.7M $302.3M
YoY Change 29.45% 13.2% 22.94%
Total Long-Term Assets $6.199B $3.985B $3.424B
YoY Change 55.56% 36.34% 27.53%
TOTAL ASSETS
Total Short-Term Assets $3.811B $2.876B $2.547B
Total Long-Term Assets $6.199B $3.985B $3.424B
Total Assets $10.01B $6.861B $5.970B
YoY Change 45.9% 28.18% 19.18%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.623B $2.155B $1.876B
YoY Change 21.72% 18.41% 10.09%
Accrued Expenses $624.0M $371.0M $361.0M
YoY Change 68.19% 20.85% 26.67%
Deferred Revenue
YoY Change
Short-Term Debt $128.0M $630.5M $235.5M
YoY Change 388.76%
Long-Term Debt Due $140.0M $631.0M $236.0M
YoY Change -77.81% 389.15%
Total Short-Term Liabilities $3.643B $3.285B $2.578B
YoY Change 10.9% 39.02% 23.33%
LONG-TERM LIABILITIES
Long-Term Debt $2.125B $825.0M $825.0M
YoY Change 157.58% 13.79% 13.79%
Other Long-Term Liabilities $937.0M $665.2M $635.1M
YoY Change 40.9% 9.81% 13.86%
Total Long-Term Liabilities $3.062B $1.490B $1.460B
YoY Change 105.5% 11.98% 13.82%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.643B $3.285B $2.578B
Total Long-Term Liabilities $3.062B $1.490B $1.460B
Total Liabilities $6.781B $4.775B $4.038B
YoY Change 42.01% 29.27% 19.71%
SHAREHOLDERS EQUITY
Retained Earnings $596.4M $583.2M
YoY Change 16.85% 12.22%
Common Stock $1.492B $1.391B
YoY Change 26.31% 21.75%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.229B $2.086B $1.932B
YoY Change
Total Liabilities & Shareholders Equity $10.01B $6.861B $5.970B
YoY Change 45.9% 28.18% 19.18%

Cashflow Statement

Concept 2014 2013 Q4 2013 Q3
OPERATING ACTIVITIES
Net Income $303.4M $60.00M $74.60M
YoY Change 12.96% 79.1% 20.91%
Depreciation, Depletion And Amortization $69.40M $50.30M $14.30M
YoY Change 29.96% 37.06% 33.64%
Cash From Operating Activities $402.3M $71.30M $204.8M
YoY Change 14.98% -56.42% 75.95%
INVESTING ACTIVITIES
Capital Expenditures $81.50M -$23.80M -$33.90M
YoY Change -12.93% 59.73% 256.84%
Acquisitions $1.918B
YoY Change 163.61%
Other Investing Activities -$1.930B -$397.4M -$231.3M
YoY Change 154.61% 86.66% 269.49%
Cash From Investing Activities -$2.012B -$421.2M -$265.2M
YoY Change 136.2% 84.9% 267.82%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $997.0M
YoY Change 1208.4%
Debt Paid & Issued, Net $100.0M
YoY Change
Cash From Financing Activities 1.598B 361.3M 104.1M
YoY Change 217.91% 492.3% -511.46%
NET CHANGE
Cash From Operating Activities 402.3M 71.30M 204.8M
Cash From Investing Activities -2.012B -421.2M -265.2M
Cash From Financing Activities 1.598B 361.3M 104.1M
Net Change In Cash -11.60M 11.40M 43.70M
YoY Change -1550.0% -456.25% 130.0%
FREE CASH FLOW
Cash From Operating Activities $402.3M $71.30M $204.8M
Capital Expenditures $81.50M -$23.80M -$33.90M
Free Cash Flow $320.8M $95.10M $238.7M
YoY Change 25.17% -46.72% 89.59%

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GALLAGHER ARTHUR J & CO
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CY2014 dei Entity Filer Category
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<div> <p style="MARGIN-BOTTOM: 0px; MARGIN-TOP: 6px"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Nature of Operations -</b> Arthur J. Gallagher&#xA0;&amp; Co. and its subsidiaries, collectively referred to herein as we, our, 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 premium financing operations and 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 30 countries and offer client-service capabilities in more than 140&#xA0;countries globally through a network of correspondent insurance brokers and consultants.</font></p> </div>
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<div> <p style="MARGIN-BOTTOM: 0px; MARGIN-TOP: 12px"><font style="FONT-FAMILY: Times New Roman" size="2"><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.</font></p> <p style="MARGIN-BOTTOM: 0px; MARGIN-TOP: 12px"><font style="FONT-FAMILY: Times New Roman" size="2">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.</font></p> <p style="MARGIN-BOTTOM: 0px; MARGIN-TOP: 12px"><font style="FONT-FAMILY: Times New Roman" size="2">In the preparation of our consolidated financial statements as of December&#xA0;31, 2014, 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.</font></p> </div>
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<div> <p style="MARGIN-BOTTOM: 0px; MARGIN-TOP: 12px"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Use of Estimates</b> - 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.</font></p> </div>
CY2014 dei Document Period End Date
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37200000
CY2014 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Reclassification Adjustment From Aoci Realized Upon Sale Or Liquidation Before Tax
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CY2014 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
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CY2014 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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CY2014 ajg Amortization Of Deferred Compensation And Restricted Stock
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CY2014 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
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CY2014 ajg Tax Impact From Issuance Of Common Stock
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CY2014 ajg Revenues From Clean Coal Activities
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800000
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CY2014 ajg Deferred Compensation And Restricted Stock
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800000
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CY2014 ajg Expected Period Of Return On Plan Assets
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CY2014 ajg Options To Purchase Common Stock Shares Outstanding
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CY2012 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Expected Long Term Return On Assets
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CY2012 us-gaap Earnings Per Share Diluted
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CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
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CY2012 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
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CY2012 us-gaap Effective Income Tax Rate Continuing Operations
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CY2012 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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CY2012 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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CY2012 us-gaap Number Of Businesses Acquired
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CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
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0.040 pure
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P5Y
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
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CY2012 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
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CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
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CY2012 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Discount Rate
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CY2012 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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CY2012 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
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CY2012 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
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CY2012 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
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CY2012 us-gaap Common Stock Dividends Per Share Declared
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CY2012 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
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CY2012 us-gaap Stock Issued During Period Shares Stock Options Exercised
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CY2012 us-gaap Stock Issued During Period Value Acquisitions
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CY2012 us-gaap Stock Issued During Period Value Stock Options Exercised
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CY2012 us-gaap Increase Decrease In Premiums Receivable
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CY2012 us-gaap Investment Income Net
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CY2012 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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CY2012 us-gaap Business Combination Separately Recognized Transactions Additional Disclosures Acquisition Cost Expensed
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9300000
CY2012 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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CY2014Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
46300000
CY2014Q1 us-gaap Revenues
Revenues
915000000
CY2014Q1 us-gaap Net Income Loss
NetIncomeLoss
49300000
CY2012 us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
140400000
CY2012 us-gaap Foreign Income Tax Expense Benefit Continuing Operations
ForeignIncomeTaxExpenseBenefitContinuingOperations
5100000
CY2012 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
300000
CY2012 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
50000000
CY2012 ajg Change In Estimated Acquisition Earnout Payables
ChangeInEstimatedAcquisitionEarnoutPayables
3400000
CY2012 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
303000000
CY2012 us-gaap Share Based Compensation
ShareBasedCompensation
7500000
CY2012 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-14600000
CY2012 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
11800000
CY2012 ajg Effective Income Tax Rate Reconciliation Foreign Dividends And Other Permanent Differences
EffectiveIncomeTaxRateReconciliationForeignDividendsAndOtherPermanentDifferences
-0.011 pure
CY2012 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
3500000
CY2012 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
9400000
CY2012 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax
3400000
CY2012 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
1100000
CY2012 us-gaap Benefits Losses And Expenses
BenefitsLossesAndExpenses
2275000000
CY2012 ajg Contingent Commissions
ContingentCommissions
42900000
CY2012 ajg Net Change In Fees Receivable Unearned Fees
NetChangeInFeesReceivableUnearnedFees
-4300000
CY2012 ajg Commissions
Commissions
1302500000
CY2012 ajg Amortization Of Deferred Compensation And Restricted Stock
AmortizationOfDeferredCompensationAndRestrictedStock
8300000
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 Tax Impact From Issuance Of Common Stock
TaxImpactFromIssuanceOfCommonStock
500000
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 Net Proceeds From Sales Of Operations
NetProceedsFromSalesOfOperations
11400000
CY2012 ajg Weighted Average Number Of Common And Common Equivalent Shares Outstanding
WeightedAverageNumberOfCommonAndCommonEquivalentSharesOutstanding
122500000 shares
CY2012 ajg Deferred Compensation And Restricted Stock
DeferredCompensationAndRestrictedStock
8000000
CY2012 ajg Supplemental Commissions
SupplementalCommissions
67900000
CY2012 ajg Revenues From Clean Coal Activities
RevenuesFromCleanCoalActivities
119600000
CY2012 ajg Additional Equity Compensation Expenses
AdditionalEquityCompensationExpenses
300000
CY2012 ajg Tax Expense From Issuance Of Common Stock
TaxExpenseFromIssuanceOfCommonStock
500000
CY2012 ajg Share Based Compensation Arrangement By Share Based Payment Award Options Exercised In Period Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisedInPeriodIntrinsicValue
26000000
CY2012 ajg Income Tax Reconciliation Foreign Dividends And Other Permanent Differences
IncomeTaxReconciliationForeignDividendsAndOtherPermanentDifferences
-2700000
CY2012 ajg Defined Benefit Plan Discretionary Contributions By Employer
DefinedBenefitPlanDiscretionaryContributionsByEmployer
7200000
CY2012 ajg Defined Benefit Plan Minimum Contribution By Employer
DefinedBenefitPlanMinimumContributionByEmployer
0
CY2012 ajg Options To Purchase Common Stock Shares Outstanding
OptionsToPurchaseCommonStockSharesOutstanding
1100000 shares
CY2012 ajg Number Of Periods Options Expire
NumberOfPeriodsOptionsExpire
P7Y
CY2012 ajg Net Change In Accrued Compensation And Other Accrued Liabilities
NetChangeInAccruedCompensationAndOtherAccruedLiabilities
-19200000
us-gaap Number Of Businesses Acquired
NumberOfBusinessesAcquired
339 Entity
CY2013Q1 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.32
CY2013Q1 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.32
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 Revenues
Revenues
674100000
CY2013Q1 us-gaap Net Income Loss
NetIncomeLoss
40500000
CY2013Q1 us-gaap Benefits Losses And Expenses
BenefitsLossesAndExpenses
-631800000
CY2014Q1 us-gaap Benefits Losses And Expenses
BenefitsLossesAndExpenses
-868700000
CY2013Q2 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.73
CY2013Q2 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.73
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 Revenues
Revenues
779500000
CY2013Q2 us-gaap Net Income Loss
NetIncomeLoss
93500000
CY2013Q2 us-gaap Benefits Losses And Expenses
BenefitsLossesAndExpenses
-682100000
CY2014Q2 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.70
CY2014Q2 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.71
CY2014Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
107100000
CY2014Q2 us-gaap Revenues
Revenues
1179300000
CY2014Q2 us-gaap Net Income Loss
NetIncomeLoss
109000000
CY2014Q2 us-gaap Benefits Losses And Expenses
BenefitsLossesAndExpenses
-1072200000
CY2013Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.57
CY2013Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.57
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 Revenues
Revenues
835800000
CY2013Q3 us-gaap Net Income Loss
NetIncomeLoss
74600000
CY2013Q3 us-gaap Benefits Losses And Expenses
BenefitsLossesAndExpenses
-750300000
CY2014Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.58
CY2014Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.58
CY2014Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
87700000
CY2014Q3 us-gaap Revenues
Revenues
1286800000
CY2014Q3 us-gaap Net Income Loss
NetIncomeLoss
93600000
CY2014Q3 us-gaap Benefits Losses And Expenses
BenefitsLossesAndExpenses
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CY2013Q4 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.45
CY2013Q4 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.45
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 Revenues
Revenues
890200000
CY2013Q4 us-gaap Net Income Loss
NetIncomeLoss
60000000
CY2013Q4 us-gaap Benefits Losses And Expenses
BenefitsLossesAndExpenses
-840900000
CY2014Q4 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.31
CY2014Q4 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.32
CY2014Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
26300000
CY2014Q4 us-gaap Revenues
Revenues
1245400000
CY2014Q4 us-gaap Net Income Loss
NetIncomeLoss
51500000
CY2014Q4 us-gaap Defined Benefit Plan Benefits Paid
DefinedBenefitPlanBenefitsPaid
43300000
CY2014Q4 us-gaap Benefits Losses And Expenses
BenefitsLossesAndExpenses
-1219100000
CY2014Q4 ajg Defined Benefit Plan Settlements Benefit Obligation Before Tax
DefinedBenefitPlanSettlementsBenefitObligationBeforeTax
12000000

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