10-Q/APeriod: Q2 FY2015

BROWN & BROWN, INC. Quarterly Report (Amendment) for Q2 Ended Jun 30, 2015

Filed August 18, 2017For Securities:BRO

Summary

This filing for Brown & Brown, Inc. (BRO) is an amendment (10-Q/A) to their quarterly report for the period ending June 29, 2015, filed on August 17, 2017. The primary content of this amendment consists of various exhibits, including CEO and CFO certifications regarding the accuracy of financial reporting (Rules 13a-14(a)/15d-14(a) and Section 1350), along with XBRL (eXtensible Business Reporting Language) related documents. This indicates a focus on compliance and the structured electronic presentation of financial data rather than new operational or financial performance disclosures for the period. Investors should note that this filing does not provide updated financial performance figures or strategic updates for the reported quarter. Instead, it serves as a supplement to the original filing, primarily addressing certification and data tagging requirements. The inclusion of XBRL documents suggests Brown & Brown's commitment to modern, machine-readable financial reporting standards, which can facilitate more efficient analysis for investors and the market.

Financial Highlights

49 data points
Beta

Revenue

$397.76M

Net Income

$61.76M

15.5% Net Margin

EPS (Diluted)

$0.21

Total Assets

$4.93B

Cash & Equivalents

$309.11M

Free Cash Flow

$102.61M

Financial Statements
Beta
Revenue$397.76M
Operating Expenses$295.98M
Interest Expense$7.00M
Net Income$61.76M
EPS (Basic)$0.21
EPS (Diluted)$0.21
Shares Outstanding (Basic)282.50M
Shares Outstanding (Diluted)286.06M

Key Highlights

  • 1This is an amendment (10-Q/A) to a previously filed quarterly report for the period ending June 29, 2015.
  • 2The filing was made on August 17, 2017, significantly after the period end date.
  • 3The core content of the amendment comprises exhibits related to corporate certifications.
  • 4Includes Rule 13a-14(a)/15d-14(a) certifications from both the CEO and CFO, affirming financial statement accuracy.
  • 5Features Section 1350 certifications from the CEO and CFO, related to the adequacy of disclosure controls and procedures.
  • 6Contains multiple XBRL (eXtensible Business Reporting Language) documents, including instance, schema, calculation, definition, label, and presentation linkbase files.
  • 7The amendment focuses on compliance and data formatting, not on new financial performance details for the quarter.

Frequently Asked Questions

This filing is an amendment (10-Q/A) to a previous quarterly report. Its main purpose is to provide required exhibits, including CEO and CFO certifications of financial reporting accuracy and XBRL documents for structured data reporting, rather than to present new financial performance information for the period ending June 29, 2015.

No, this amendment does not contain updated financial results or performance analysis for the period ending June 29, 2015. It primarily consists of exhibits that are supplementary to the original filing, focusing on compliance and data formatting.

XBRL (eXtensible Business Reporting Language) is a global standard for the digital reporting of business and financial data. The inclusion of XBRL documents in this filing means that Brown & Brown, Inc. is providing its financial information in a machine-readable format, which can enhance the efficiency and accuracy of data analysis for investors and regulatory bodies.

The delay suggests that this amendment addresses compliance or documentation requirements that were either overlooked or needed to be corrected in the original filing. Such amendments are common to ensure all regulatory exhibit and certification requirements are met.