Aon (AON) FY2022 results: revenue $12.5 billion, up 2.3% on the year
Aon plc (AON) reported revenue of $12.5 billion for fiscal 2022, the year ended 31 December 2022, up 2.3% on the year before. Net income was $2.6 billion, up 106.3%, and diluted earnings per share $12.14. The figures are the company's own, from the 10-K it filed with the SEC on 17 February 2023.
Revenue
$12.5 billion
+2.3% on the year
FY2015FY2022
Operating margin
29.4%
17.1% a year earlier
FY2015FY2022
Net income
$2.6 billion
+106.3% on the year
FY2015FY2022
Diluted EPS
$12.14
+118.7% on the year
FY2015FY2022
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
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
3,219
2,182
2,783
+47.5%
Capital expenditure
196
137
141
+43.1%
Free cash flow
3,023
2,045
2,642
+47.8%
Free cash flow margin
24.2%
16.8%
23.9%
Cash from investing
-449
49.0
-679
Cash from financing
-1,790
-1,924
-1,772
Share-based compensation
397
449
312
-11.6%
Dividends paid
463
447
412
+3.6%
Dividend per share
$2.19
$1.99
$1.78
+10.1%
Diluted shares, weighted
213m
226m
233m
-5.7%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
-529
1,061
3,495
Non-controlling interest
100
97.0
88.0
+3.1%
Debt
10,770
9,392
7,729
+14.7%
Operating lease liabilities
693
772
897
-10.2%
Finance lease liabilities
28.0
46.0
65.0
-39.1%
Other liabilities
21,642
20,549
19,840
+5.3%
Total liabilities and equity
32,704
31,917
32,114
+2.5%
Fixed assets
558
529
599
+5.5%
Goodwill
8,292
8,434
8,666
-1.7%
Intangible assets
447
492
640
-9.1%
Investments
512
356
382
+43.8%
Cash and equivalents
690
544
884
+26.8%
Receivables
3,035
3,094
3,070
-1.9%
Other assets
19,170
18,468
17,873
+3.8%
Total assets
32,704
31,917
32,114
+2.5%
10-K for the year ended 31 December 2022, filed 17 February 2023: the filing.