REG-Marsh & McLennan Marsh & McLennan Companies Reports Fourth Quarter and Full-Year 2016 Results <Origin Href="QuoteRef">MMC.N</Origin> - Part 2

Marsh & McLennan CompaniesAnnouncement

02/02/2017 12:05

- Part 2: For the preceding part double click  ID:nBw5y0PdHa 

0.07            
 Adjusted income, net of tax                                                     $     1,791              $     3.42                                        $     1,635              $       3.05    
                                                                                                                                                                                                     

                                                                                                                                                 
 Marsh & McLennan Companies, Inc.                                                                                                                
 Supplemental Information                                                                                                                        
 Three and Twelve Months Ended December 31                                                                                                       
 (Millions) (Unaudited)                                                                                                                          
                                                                                                                                                 
                                                         Three Months Ended                              Twelve Months Ended                     
                                                         December 31,                                    December 31,                            
                                                         2016                     2015                   2016                      2015          
 Consolidated                                                                                                                                    
 Compensation and Benefits                               $    1,918               $    1,900             $     7,461               $     7,334   
 Other operating expenses                                813                      844                    3,086                     3,140         
 Total Expenses                                          $    2,731               $    2,744             $     10,547              $     10,474  
                                                                                                                                                 
 Depreciation and amortization expense                   $    77                  $    81                $     308                 $     314     
 Identified intangible amortization expense              31                       30                     130                       109           
 Total                                                   $    108                 $    111               $     438                 $     423     
                                                                                                                                                 
 Stock option expense                                    $    3                   $    2                 $     21                  $     20      
 Capital expenditures                                    $    79                  $    76                $     253                 $     325     
                                                                                                                                                 
 Risk and Insurance Services                                                                                                                     
 Compensation and Benefits                               $    953                 $    932               $     3,732               $     3,629   
 Other operating expenses                                427                      446                    1,658                     1,701         
 Total Expenses                                          $    1,380               $    1,378             $     5,390               $     5,330   
                                                                                                                                                 
 Depreciation and amortization expense                   $    34                  $    38                $     139                 $     145     
 Identified intangible amortization expense              26                       25                     109                       94            
 Total                                                   $    60                  $    63                $     248                 $     239     
                                                                                                                                                 
 Consulting                                                                                                                                      
 Compensation and Benefits                               $    879                 $    879               $     3,385               $     3,354   
 Other operating expenses                                438                      443                    1,624                     1,635         
 Total Expenses                                          $    1,317               $    1,322             $     5,009               $     4,989   
                                                                                                                                                 
 Depreciation and amortization expense                   $    25                  $    26                $     100                 $     106     
 Identified intangible amortization expense              5                        5                      21                        15            
 Total                                                   $    30                  $    31                $     121                 $     121     
                                                                                                                                                 

                                                                                                                               
 Marsh & McLennan Companies, Inc.                                                                                              
 Consolidated Balance Sheets                                                                                                   
 (Millions) (Unaudited)                                                                                                        
                                                                                                                               
                                                                       December 31, 2016               December 31, 2015       
 ASSETS                                                                                                                        
                                                                                                                               
 Current assets:                                                                                                               
 Cash and cash equivalents                                             $       1,026                   $       1,374           
 Net receivables                                                       3,643                           3,471                   
 Other current assets                                                  215                             199                     
 Total current assets                                                  4,884                           5,044                   
                                                                                                                               
 Goodwill and intangible assets                                        9,495                           8,925                   
 Fixed assets, net                                                     725                             773                     
 Pension related assets                                                776                             1,159                   
 Deferred tax assets                                                   1,097                           1,138                   
 Other assets                                                          1,213                           1,177                   
 TOTAL ASSETS                                                          $       18,190                  $       18,216          
                                                                                                                               
 LIABILITIES AND EQUITY                                                                                                        
                                                                                                                               
 Current liabilities:                                                                                                          
 Short-term debt                                                       $       312                     $       12              
 Accounts payable and accrued liabilities                              1,969                           1,886                   
 Accrued compensation and employee benefits                            1,655                           1,656                   
 Accrued income taxes                                                  146                             154                     
 Total current liabilities                                             4,082                           3,708                   
                                                                                                                               
 Fiduciary liabilities                                                 4,241                           4,146                   
 Less - cash and investments held in a fiduciary capacity              (4,241          )               (4,146          )       
                                                                       —                               —                       
 Long-term debt                                                        4,495                           4,402                   
 Pension, post-retirement and post-employment benefits                 2,076                           2,058                   
 Liabilities for errors and omissions                                  308                             318                     
 Other liabilities                                                     957                             1,128                   
                                                                                                                               
 Total equity                                                          6,272                           6,602                   
 TOTAL LIABILITIES AND EQUITY                                          $       18,190                  $       18,216          

Media: Marsh & McLennan Companies Laura Schooler, +1 212-345-0370
laura.schooler@mmc.com (mailto:laura.schooler@mmc.com) or Investors: Marsh
& McLennan Companies Keith Walsh, +1 212-345-0057 keith.walsh@mmc.com
(mailto:keith.walsh@mmc.com)





View source version on businesswire.com:
http://www.businesswire.com/news/home/20170202005589/en/
(http://www.businesswire.com/news/home/20170202005589/en/)

Marsh & McLennan


Copyright Business Wire 2017