Aon (AON) FY2021 results: revenue $12.2 billion, up 10.2% on the year
Aon plc (AON) reported revenue of $12.2 billion for fiscal 2021, the year ended 31 December 2021, up 10.2% on the year before. Net income was $1.3 billion, down 36.3%, and diluted earnings per share $5.55. The figures are the company's own, from the 10-K it filed with the SEC on 18 February 2022.
Revenue
$12.2 billion
+10.2% on the year
FY2014FY2021
Operating margin
17.1%
25.1% a year earlier
FY2014FY2021
Net income
$1.3 billion
-36.3% on the year
FY2014FY2021
Diluted EPS
$5.55
-34.3% on the year
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
2,182
2,783
1,835
-21.6%
Capital expenditure
137
141
225
-2.8%
Free cash flow
2,045
2,642
1,610
-22.6%
Free cash flow margin
16.8%
23.9%
14.6%
Cash from investing
49.0
-679
-229
Cash from financing
-1,924
-1,772
-247
Share-based compensation
449
312
317
+43.9%
Dividends paid
447
412
410
+8.5%
Dividend per share
$1.99
$1.78
$1.72
+11.8%
Diluted shares, weighted
226m
233m
241m
-3.0%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
1,061
3,495
3,375
-69.6%
Non-controlling interest
97.0
88.0
74.0
+10.2%
Debt
9,392
7,729
7,339
+21.5%
Operating lease liabilities
772
897
944
-13.9%
Finance lease liabilities
46.0
65.0
76.0
-29.2%
Other liabilities
20,549
19,840
17,597
+3.6%
Total liabilities and equity
31,917
32,114
29,405
-0.6%
Fixed assets
529
599
621
-11.7%
Goodwill
8,434
8,666
8,165
-2.7%
Intangible assets
492
640
783
-23.1%
Investments
356
382
191
-6.8%
Cash and equivalents
544
884
790
-38.5%
Receivables
3,094
3,070
3,112
+0.8%
Other assets
18,468
17,873
15,743
+3.3%
Total assets
31,917
32,114
29,405
-0.6%
10-K for the year ended 31 December 2021, filed 18 February 2022: the filing.