Brown & Brown Cash Flow Statement
NYSE: BROFinanceSpecialty InsurersUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Brown & Brown free cash flow
In fiscal 2025, Brown & Brown generated $1.45 billion of operating cash flow and spent $68.0 million on capital expenditures. That left free cash flow of $1.38 billion, a free-cash-flow margin of 23.4% of revenue. Free cash flow was up 26.6% from the prior year's $1.09 billion.
Brown & Brown returned $293.0 million to shareholders: $193.0 million in dividends and $100.0 million in share repurchases, equal to 21% of free cash flow. Free cash flow covered dividend payments 7.2 times.
Summary generated from market data by MetaCap's automated system. Methodology
Brown & Brown cash flow statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | 1.07B | 1.00B | 871.00M | 672.00M | 587.10M | 480.50M | 398.51M | 344.25M | 399.63M | 257.49M |
| Net Income growth (YoY) | +6.49% | +15.04% | +29.61% | +14.46% | +22.19% | +20.57% | +15.76% | -13.86% | +55.20% | +5.82% |
| Depreciation & Amortization | 55.00M | 44.00M | 40.00M | 39.00M | 33.30M | 26.30M | 23.42M | 22.83M | 22.70M | 21.00M |
| Stock-Based Compensation | 93.00M | 101.00M | 89.00M | 66.00M | 61.00M | 59.70M | 46.99M | 33.52M | 30.63M | 16.05M |
| Change in Working Capital | 27.00M | -112.00M | 60.00M | -21.00M | -46.40M | -3.20M | -12.42M | -9.79M | -15.20M | -393.00K |
| Operating Cash Flow | 1.45B | 1.17B | 1.01B | 881.00M | 808.80M | 713.00M | 678.18M | 567.53M | 441.98M | 411.04M |
| Capital Expenditures | -68.00M | -82.00M | -69.00M | -52.00M | -45.00M | -70.70M | -73.11M | -41.52M | -24.19M | -17.77M |
| Investing Cash Flow | -7.91B | -898.00M | -587.00M | -1.91B | -396.80M | -759.10M | -413.58M | -951.77M | -62.59M | -142.41M |
| Dividends Paid | -193.00M | -154.00M | -135.00M | -120.00M | -107.20M | -100.60M | -91.34M | -84.69M | -77.71M | -70.26M |
| Share Repurchases | -100.00M | 0 | 0 | -74.00M | -82.60M | -55.10M | -58.67M | -91.25M | -128.64M | -18.91M |
| Debt Issued | 4.19B | 599.00M | 0 | 2.00B | — | 700.00M | 350.00M | 300.00M | 0 | 0 |
| Debt Repaid | -225.00M | -719.00M | -251.00M | -61.00M | -73.10M | -55.00M | -50.00M | -120.00M | -96.75M | -73.13M |
| Financing Cash Flow | 7.71B | -64.00M | -187.00M | 1.73B | -210.10M | 355.00M | -79.22M | 337.75M | -336.58M | -160.52M |
| Net Change in Cash | 1.31B | 199.00M | 270.00M | 563.00M | 198.30M | 308.90M | 185.38M | -46.49M | 42.80M | 108.11M |
| Free Cash Flow | 1.38B | 1.09B | 941.00M | 829.00M | 763.80M | 642.30M | 605.07M | 526.01M | 417.78M | 393.28M |
This table shows 10 annual periods of Brown & Brown's cash flow statement, from FY 2025 back to FY 2016, across 14 line items including net income, depreciation & amortization, stock-based compensation. Values in USD; B = billions, M = millions. Fiscal periods follow BRO's reporting calendar. What is a cash flow statement?