2017 Form 10-K Financial Statement

#000162828018001923 Filed on February 20, 2018

View on sec.gov

Income Statement

Concept 2017 2016 Q4 2016 Q3
Revenue $9.998B $2.650B $2.201B
YoY Change 6.26% -17.88% -20.02%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $8.042B $1.930B $1.752B
YoY Change 10.48% -24.93% -24.77%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $187.0M $84.00M $39.00M
YoY Change 15.43% -38.69% -70.9%
% of Gross Profit
Operating Expenses $8.553B $2.014B $1.833B
YoY Change 12.57% -21.66% -21.3%
Operating Profit $1.065B $463.0M $368.0M
YoY Change -41.19% -29.42% -13.0%
Interest Expense $282.0M -$56.00M $70.00M
YoY Change 0.0% -12.5% -2.78%
% of Operating Profit 26.48% -12.1% 19.02%
Other Income/Expense, Net -$125.0M -$173.0M $10.00M
YoY Change -8.76% 1230.77% 25.0%
Pretax Income $685.0M $405.0M $309.0M
YoY Change -51.11% -42.31% -12.22%
Income Tax $250.0M $21.00M $25.00M
% Of Pretax Income 36.5% 5.19% 8.09%
Net Earnings $1.263B $459.0M $326.0M
YoY Change -11.68% -15.0% 4.82%
Net Earnings / Revenue 12.63% 17.32% 14.81%
Basic Earnings Per Share $4.74 $1.70 $1.19
Diluted Earnings Per Share $4.70 $1.68 $1.18
COMMON SHARES
Basic Shares Outstanding 258.5M shares 263.1M shares 267.5M shares
Diluted Shares Outstanding 260.7M shares 269.6M shares

Balance Sheet

Concept 2017 2016 Q4 2016 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.285B $716.0M $946.0M
YoY Change 79.47% -3.24% 20.82%
Cash & Equivalents $756.0M $426.0M $483.0M
Short-Term Investments $529.0M $290.0M $463.0M
Other Short-Term Assets $9.800B $247.0M $424.0M
YoY Change -4.15% -24.92% -41.76%
Inventory
Prepaid Expenses $102.0M $150.0M
Receivables $2.478B $2.106B $2.391B
Other Receivables $114.0M $100.0M $169.0M
Total Short-Term Assets $13.68B $13.15B $12.47B
YoY Change 4.04% -3.09% -10.41%
LONG-TERM ASSETS
Property, Plant & Equipment $564.0M $550.0M $738.0M
YoY Change 2.55% -28.1% -5.99%
Goodwill $7.410B $8.452B
YoY Change 4.84% -1.39%
Intangibles $2.888B $3.057B
YoY Change -9.72% -6.68%
Long-Term Investments $57.00M $119.0M $124.0M
YoY Change -52.1% -11.85% -8.82%
Other Assets $1.615B $360.0M $564.0M
YoY Change -52.75% -39.19% -66.29%
Total Long-Term Assets $12.41B $550.0M $12.78B
YoY Change -7.86% -95.78% -3.8%
TOTAL ASSETS
Total Short-Term Assets $13.68B $13.15B $12.47B
Total Long-Term Assets $12.41B $550.0M $12.78B
Total Assets $26.09B $26.62B $25.25B
YoY Change -1.98% -1.0% -7.18%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.961B $1.604B $1.477B
YoY Change 22.26% -9.48% 2.07%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $299.0M $336.0M $250.0M
YoY Change -11.01% -40.21% -81.16%
Total Short-Term Liabilities $12.76B $12.50B $11.37B
YoY Change 2.08% -4.51% -16.06%
LONG-TERM LIABILITIES
Long-Term Debt $5.820B $5.869B $5.910B
YoY Change -3.08% 14.23% 23.15%
Other Long-Term Liabilities $2.738B $719.0M $759.0M
YoY Change 10.31% -6.5% -30.43%
Total Long-Term Liabilities $8.558B $6.588B $6.669B
YoY Change 0.84% 11.53% 13.23%
TOTAL LIABILITIES
Total Short-Term Liabilities $12.76B $12.50B $11.37B
Total Long-Term Liabilities $8.558B $6.588B $6.669B
Total Liabilities $21.51B $21.08B $19.76B
YoY Change 1.73% 1.24% -7.08%
SHAREHOLDERS EQUITY
Retained Earnings $3.807B $3.702B
YoY Change -5.13% -7.8%
Common Stock $5.580B $5.525B
YoY Change 3.1% 3.83%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $4.583B $5.475B $5.434B
YoY Change
Total Liabilities & Shareholders Equity $26.09B $26.62B $25.25B
YoY Change -1.98% -1.0% -7.18%

Cashflow Statement

Concept 2017 2016 Q4 2016 Q3
OPERATING ACTIVITIES
Net Income $1.263B $459.0M $326.0M
YoY Change -11.68% -15.0% 4.82%
Depreciation, Depletion And Amortization $187.0M $84.00M $39.00M
YoY Change 15.43% -38.69% -70.9%
Cash From Operating Activities $734.0M $851.0M $711.0M
YoY Change -68.44% 19.19% -0.84%
INVESTING ACTIVITIES
Capital Expenditures $183.0M -$49.00M -$39.00M
YoY Change 17.31% -24.62% -53.01%
Acquisitions $1.029B
YoY Change 17.06%
Other Investing Activities $2.970B -$534.0M -$248.0M
YoY Change -472.18% -572.57% -353.06%
Cash From Investing Activities $2.787B -$583.0M -$287.0M
YoY Change -392.14% -1314.58% -2013.33%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $2.399B
YoY Change 90.85%
Debt Paid & Issued, Net $1.999B
YoY Change -32.12%
Cash From Financing Activities -$3.265B -271.0M -371.0M
YoY Change 153.89% -64.3% -37.01%
NET CHANGE
Cash From Operating Activities $734.0M 851.0M 711.0M
Cash From Investing Activities $2.787B -583.0M -287.0M
Cash From Financing Activities -$3.265B -271.0M -371.0M
Net Change In Cash $325.0M -3.000M 53.00M
YoY Change 277.91% -200.0% -62.94%
FREE CASH FLOW
Cash From Operating Activities $734.0M $851.0M $711.0M
Capital Expenditures $183.0M -$49.00M -$39.00M
Free Cash Flow $551.0M $900.0M $750.0M
YoY Change -74.61% 15.53% -6.25%

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CY2016 us-gaap Availableforsale Securities Gross Unrealized Gain Loss1
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CY2017 us-gaap Availableforsale Securities Gross Unrealized Gain Loss1
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CY2016 us-gaap Cash Provided By Used In Financing Activities Discontinued Operations
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CY2017 us-gaap Cash Provided By Used In Financing Activities Discontinued Operations
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CY2016 us-gaap Cash Provided By Used In Investing Activities Discontinued Operations
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CY2017Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
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CY2016Q4 us-gaap Common Stock Shares Authorized
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750000000 shares
CY2017Q4 us-gaap Common Stock Shares Authorized
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CY2016Q4 us-gaap Common Stock Shares Issued
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CY2016Q4 us-gaap Common Stock Value
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CY2016Q4 us-gaap Cumulative Effect Of New Accounting Principle In Period Of Adoption
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CY2016 us-gaap Current Income Tax Expense Benefit
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CY2017 us-gaap Current Income Tax Expense Benefit
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CY2015 us-gaap Defined Contribution Plan Cost Recognized
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CY2017 us-gaap Derivative Instruments Gain Loss Reclassified From Accumulated Oci Into Income Effective Portion Net
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0 USD
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18000000 USD
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CY2017Q4 us-gaap Due From Related Parties Current
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CY2016Q4 us-gaap Due From Related Parties Noncurrent
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CY2017Q4 us-gaap Due To Related Parties Current
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1.12
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1.19
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1.70
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5.21
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1.10
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2.93
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0.72
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4.74
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4.88
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1.19
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1.11
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1.18
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1.68
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5.16
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1.09
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2.93
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0.72
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4.70
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69000000 USD
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0.123
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0.106
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0.365
CY2015 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.203
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0.200
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-0.014
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-0.022
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-0.018
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-0.088
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-0.122
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-0.303
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0.025
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0.014
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0.034
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0.000
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0.000
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-0.080
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-0.003
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0.012
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0.006
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0.020
CY2015 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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0.001
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0.004
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-0.015
CY2015 us-gaap Effective Income Tax Rate Reconciliation Tax Contingencies
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0.014
CY2016 us-gaap Effective Income Tax Rate Reconciliation Tax Contingencies
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0.032
CY2017 us-gaap Effective Income Tax Rate Reconciliation Tax Contingencies
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0.016
CY2017 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
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P2Y1M0D
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87000000 USD
CY2016 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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90000000 USD
CY2017 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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73000000 USD
CY2016Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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1507000000 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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2280000000 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
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412000000 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
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410000000 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
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98000000 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
140000000 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
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253000000 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
420000000 USD
CY2016Q4 us-gaap Finite Lived Intangible Assets Gross
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3397000000 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Gross
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CY2017 us-gaap Use Of Estimates
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Use of Estimates</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of the accompanying Consolidated Financial Statements in conformity with U.S.&#160;GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosures of contingent assets and liabilities at the date of the financial statements, and the reported amounts of reserves and expenses. These estimates and assumptions are based on management&#8217;s best estimates and judgments. Management evaluates its estimates and assumptions on an ongoing basis using historical experience and other factors, including the current economic environment. Management believes its estimates to be reasonable given the current facts available. Aon adjusts such estimates and assumptions when facts and circumstances dictate. Illiquid credit markets, volatile equity markets, and foreign currency exchange rate movements increase the uncertainty inherent in such estimates and assumptions. As future events and their effects cannot be determined with precision, actual results could differ significantly from these estimates. Changes in estimates resulting from continuing changes in the economic environment would, if applicable, be reflected in the financial statements in future periods.</font></div></div>

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0001628280-18-001923-index-headers.html Edgar Link pending
0001628280-18-001923-index.html Edgar Link pending
0001628280-18-001923.txt Edgar Link pending
0001628280-18-001923-xbrl.zip Edgar Link pending
aon-20171231.xml Edgar Link completed
aon-20171231.xsd Edgar Link pending
aon-20171231_cal.xml Edgar Link unprocessable
aon-20171231_def.xml Edgar Link unprocessable
aon-20171231_lab.xml Edgar Link unprocessable
aon-20171231_pre.xml Edgar Link unprocessable
aonplc201710-k.htm Edgar Link pending
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FilingSummary.xml Edgar Link unprocessable
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