Income StatementBalance SheetCash FlowSegments
Arthur J. Gallagher logo

Arthur J. Gallagher Cash Flow Statement

Operating, investing, and financing cash movements

Arthur J. Gallagher generated $2.0B in operating cash flow over the trailing twelve months. Based on the Q1 2026 filing.

Net Cash From Operating (TTM)$2.0BNet Cash From Investing (TTM)-$15.8BNet Cash From Financing (TTM)$14.4BDepreciation And Amortization Cf (TTM)$1.2BNet Change In Cash (TTM)-$14.0B
Latest FilingQ1 2026
Report Date2026-05-07
Market Cap$50.7B
P/E Ratio31.47
ROE6.99%

Financing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Proceeds from lines of credit$0.0$0.0$3.3M$1.2B$1.3B$2.0B
Dividends paid$131.8M$166.0M$166.6M$166.9M$167.5M$180.0M
Debt acquisition costs-$44.4M$2.3M$2.4M$2.4M$1.9M$2.0M
Earnout Payments For Acquisitions$12.2M$11.1M$338.5M$22.9M$69.5M$115.0M
Net Borrowings Payments On Premium Financing Debt Facility$11.2M$74.9M$1.4M-$76.2M$14.9M$78.0M
Net change in fiduciary assets and liabilities-$657.0M$21.3M$870.6M$446.3M$192.8M-$68.0M
Net borrowings of corporate related long-term debt$5.0B$600.0K-$199.8M$600.0K$0.0-$314.0M
Repayments of Lines of Credit$0.0$0.0$3.3M$1.1B$1.5B$1.7B
Net cash from financing activities$12.5B$1.1B$210.3M$568.6M—-$723.0M
Proceeds from issuance of common stock$8.4B$1.3B$43.6M$102.9M$17.7M$55.0M
Repurchases of common stock—$0.0———$310.0M

Operating

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Change in accounts receivable—$658.1M$23.0M-$217.3M—$869.0M
Change in deferred revenue-$135.5M$77.8M-$19.8M-$8.0M-$106.0M$87.0M
Change in income taxes payable/receivable-$5.5M$27.4M-$64.7M-$72.8M—$52.0M
Other working capital changes—$93.5M-$91.1M$88.8M—$87.0M
Deferred income taxes$105.9M$55.6M-$28.8M$26.8M$7.4M$97.0M
Depreciation and amortization$213.0M$253.4M$230.8M$276.3M$361.5M$339.0M
Net cash from operating activities$739.3M$871.8M-$426.1M$731.3M$753.0M$957.0M
Net income$258.2M$708.9M$366.2M$273.6M$154.3M$823.0M
Amortization of deferred compensation and restricted stock$29.7M$28.2M$32.5M$40.2M$47.1M$33.0M
Contingent consideration fair value adjustments-$5.6M-$10.0M-$469.9M-$9.0M-$2.1M-$45.0M
Change in estimated acquisition earnout payables$38.6M$15.8M-$5.6M$28.9M$6.9M$17.0M
Unrealized Gain (Loss), Foreign Currency Transaction, before Tax—-$24.5M-$25.7M$1.6M-$5.4M$4.0M
Gain (Loss) on Investments$5.7M$5.8M$6.1M-$8.2M$19.3M-$2.0M
Increase (Decrease) in Other Operating Assets$102.2M-$17.9M$18.0M$61.5M$156.4M-$84.0M
Net Change In Accrued Compensation And Other Accrued Liabilities-$321.9M-$415.8M$548.1M-$89.9M-$154.4M-$411.0M
Stock-based compensation$9.8M$13.9M$11.6M$11.8M$11.7M$17.0M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Effect of exchange rate changes on cash-$208.7M$67.6M$127.8M$17.8M$89.8M-$52.0M
Net increase (decrease) in cash$12.2B$1.8B-$1.4B-$12.5B$0.0-$56.0M

Investing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net proceeds from sales of operations/books of business$0.0$1.8M$400.0K$3.3M$11.5M$4.0M
Payments for Capital Improvements$43.6M$28.2M$39.4M$37.8M$39.6M$36.0M
Payments for (Proceeds from) Loans Receivable$25.0M-$82.5M-$23.1M$98.6M-$9.0M-$82.0M
Payments To Acquire Businesses Net Of Cash And Restricted Cash Acquired$792.9M$331.8M$1.3B$13.7B$453.6M$289.0M
Net cash from investing activities-$857.4M-$275.4M-$1.3B-$13.8B-$471.6M-$238.0M
Net Payments for or Proceeds from Investments-$5.6M-$300.0K-$600.0K$0.0-$1.1M-$1.0M