Aon plc (AON) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Cash from Operations | 430M | 1.4B | 1.15B | 796M | 140M | 1.2B | 1.01B | 513M | 309M | 1.26B | 1.04B | 688M | 443M | 1.04B | 1.05B | 668M | 463M | 931M | -94M | 784M |
| Operating CF Growth % | 207.14% | 16.42% | 13.33% | 55.17% | -54.69% | -4.84% | -2.88% | -25.44% | -30.25% | 21.02% | -0.29% | 2.99% | -4.32% | 11.92% | 1212.77% | -14.8% | -17.47% | 22.5% | -111.69% | -11.01% |
| Operating CF / Revenue % | 8.54% | 32.49% | 28.72% | 19.16% | 2.96% | 28.94% | 27.22% | 13.64% | 7.59% | 37.36% | 35.32% | 21.66% | 11.44% | 33.29% | 38.8% | 22.39% | 12.62% | 30.23% | -3.48% | 27.17% |
| Net Income | 1.24B | 1.69B | 470M | 594M | 982M | 734M | 355M | 524M | 1.07B | 498M | 456M | 575M | 1.05B | 666M | 418M | 514M | 1.05B | 873M | -891M | 393M |
| Depreciation & Amortization | 198M | 233M | 240M | 248M | 245M | 232M | 221M | 173M | 60M | 67M | 62M | 64M | 63M | 62M | 71M | 65M | 66M | 76M | 92M | 77M |
| Stock-Based Compensation | 82M | 0 | 106M | 119M | 147M | 113M | 114M | 0 | 130M | 117M | 95M | 99M | 127M | 93M | 93M | 92M | 119M | 103M | 130M | 85M |
| Deferred Taxes | -49M | 0 | 6M | -125M | -117M | -165M | -24M | -46M | -76M | -141M | -64M | -98M | -70M | -165M | -51M | -18M | -18M | -72M | -32M | 96M |
| Other Non-Cash Items | -1.04B | -1.05B | -6M | -94M | -17M | -12M | -90M | -156M | -60M | 5M | 11M | 28M | 29M | 169M | -6M | -22M | -25M | -140M | -1M | -1M |
| Working Capital Changes | 0 | 522M | 332M | 54M | -1.1B | 298M | 437M | 18M | -816M | 715M | 483M | 20M | -756M | 217M | 521M | 37M | -727M | 91M | 608M | 134M |
| Cash from Investing | 999M | 648M | -94M | 24M | -292M | -577M | 29M | 2.68B | -4.96B | -240M | -76M | -77M | 205M | -240M | -84M | 138M | -263M | 165M | -89M | -129M |
| Capital Expenditures | -67M | -74M | -69M | -64M | -56M | -55M | -62M | -53M | -48M | -49M | -58M | -69M | -76M | -70M | -58M | -45M | -23M | -35M | -32M | -41M |
| Acquisitions | 0 | 2.12B | 24M | 68M | -92M | -481M | 103M | -2.5B | 71M | -13M | -10M | -6M | -1M | -7M | 47M | -9M | -112M | 199M | -4M | 9M |
| Purchase of Investments | 1.34B | -1.41B | 72M | -31M | -164M | -36M | -45M | 5.01B | -5.1B | -6M | -32M | -18M | -11M | -187M | -56M | 134M | -173M | -21M | -41M | -11M |
| Sale/Maturity of Investments | 0 | 15M | -71M | 51M | 20M | -5M | 33M | 217M | 118M | -172M | 24M | 16M | 293M | 24M | -17M | 58M | 45M | 22M | -12M | -86M |
| Other Investing | -278M | 0 | -50M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Financing | -441M | -3.06B | -768M | -24M | -349M | -769M | -699M | -3B | 5.26B | -1.66B | -1.16B | -443M | 404M | -1.45B | -302M | -537M | 500M | -544M | 142M | -55M |
| Dividends Paid | -162M | -161M | -160M | -161M | -147M | -146M | -147M | -146M | -123M | -123M | -125M | -126M | -115M | -116M | -118M | -119M | -110M | -112M | -116M | -115M |
| Share Repurchases | 0 | -250M | -250M | -250M | -250M | -200M | -300M | -250M | -250M | -750M | -850M | -550M | -550M | -675M | -1.2B | -500M | -828M | -2B | -1.25B | -242M |
| Stock Issued | 0 | 10M | 27M | 3M | 30M | 18M | 34M | 2M | 25M | 9M | 30M | 8M | 25M | 214M | 23M | 3M | 23M | 0 | 0 | 0 |
| Debt Issuance (Net) | 0 | -1000K | -1000K | -1000K | 1000K | -1000K | -1000K | -1000K | 1000K | -1000K | -1000K | -1000K | 1000K | -1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Other Financing | -279M | -1.11B | 119M | 798M | -576M | -391M | 264M | -259M | 258M | -697M | -160M | 269M | 473M | -734M | 513M | -63M | 495M | 552M | 385M | 289M |
| Net Change in Cash | 891M | 100M | 196M | 1.3B | -305M | -710M | 722M | 136M | 463M | -322M | -455M | 313M | 1.11B | -119M | 4M | -104M | 650M | -65M | -163M | 663M |
| Exchange Rate Effect | -97M | 1.12B | -90M | 500M | 196M | -564M | 379M | -56M | -146M | 321M | -260M | 145M | 58M | 530M | -656M | -373M | -50M | -617M | -122M | 63M |
| Cash at Beginning | 8.57B | 1.09B | 9.32B | 8.03B | 8.33B | 9.04B | 8.32B | 8.19B | 7.72B | 8.04B | 8.5B | 8.19B | 7.08B | 7.2B | 7.19B | 7.29B | 6.64B | 609M | 7.18B | 6.52B |
| Cash at End | 9.46B | 1.2B | 9.52B | 9.32B | 8.03B | 8.33B | 9.04B | 8.32B | 8.19B | 7.72B | 8.04B | 8.5B | 8.19B | 7.08B | 7.2B | 7.19B | 7.29B | 544M | 7.02B | 7.18B |
| Free Cash Flow | 363M | 1.32B | 1.08B | 732M | 84M | 1.15B | 951M | 460M | 261M | 1.21B | 985M | 619M | 367M | 972M | 988M | 623M | 440M | 896M | -126M | 743M |
| FCF Growth % | 332.14% | 15.55% | 13.46% | 59.13% | -67.82% | -5.53% | -3.45% | -25.69% | -28.88% | 24.69% | -0.3% | -0.64% | -16.59% | 8.48% | 884.13% | -16.15% | -17.29% | 21.41% | -116.28% | -12.69% |
| FCF Margin % | 7.21% | 30.77% | 27% | 17.62% | 1.78% | 27.61% | 25.56% | 12.23% | 6.41% | 35.91% | 33.36% | 19.48% | 9.48% | 31.05% | 36.65% | 20.89% | 11.99% | 29.09% | -4.66% | 25.74% |
| FCF per Share | 1.69 | 6.11 | 4.98 | 3.37 | 0.39 | 5.25 | 4.35 | 2.16 | 1.3 | 6 | 4.81 | 3 | 1.77 | 4.64 | 4.65 | 2.9 | 2.03 | 4.05 | -0.56 | 3.26 |