Summary
Aon plc's (AON) 10-Q filing for the period ending June 29, 2017, reveals a mixed financial performance with revenue growth tempered by increased expenses and a decline in net income. Investors should note the reported net income attributable to Aon plc shareholders decreased compared to the prior year's comparable period, primarily driven by higher operating expenses and restructuring charges. Despite these headwinds, the company's balance sheet remains solid, with a notable increase in cash and cash equivalents, suggesting a healthy liquidity position.
Financial Highlights
50 data pointsBeta
Financial Statements
Beta
| Revenue | $2.37B |
| Operating Expenses | $2.50B |
| Operating Income | -$127.00M |
| Interest Expense | $71.00M |
| Net Income | $769.00M |
| EPS (Basic) | $2.93 |
| EPS (Diluted) | $2.93 |
| Shares Outstanding (Basic) | 262.40M |
| Shares Outstanding (Diluted) | 262.40M |
Key Highlights
- 1Total revenues increased by 2% on a reported basis to $2.6 billion for the three months ended June 29, 2017, compared to the same period in 2016.
- 2Net income attributable to Aon plc shareholders decreased by 10% to $268 million for the three months ended June 29, 2017.
- 3Operating expenses rose by 4% to $2.1 billion for the three months ended June 29, 2017, impacting profitability.
- 4Restructuring and related charges increased significantly to $65 million for the three months ended June 29, 2017, from $38 million in the prior year period.
- 5Cash and cash equivalents increased to $1.2 billion as of June 29, 2017, from $0.9 billion as of December 31, 2016.
- 6The company reported diluted earnings per share (EPS) of $0.92 for the three months ended June 29, 2017, down from $1.02 in the prior year period.