10-Q/APeriod: Q2 FY2016

BROWN & BROWN, INC. Quarterly Report (Amendment) for Q2 Ended Jun 30, 2016

Filed August 18, 2017For Securities:BRO

Summary

This filing is an amendment (10-Q/A) to Brown & Brown, Inc.'s quarterly report for the period ending June 29, 2016, filed on August 17, 2017. The amendment primarily relates to the submission of exhibits, including CEO and CFO certifications regarding the accuracy of financial reporting (Rule 13a-14(a)/15d-14(a) and Section 1350 certifications). It also includes XBRL (eXtensible Business Reporting Language) related documents, which are essential for machine-readable financial data. As this is an amendment focusing on exhibits and certifications rather than revised financial statements, it does not provide new operational or financial performance data for the quarter. Investors should refer to the original 10-Q filing for the detailed financial and operational insights for the period ending June 29, 2016. The significance of this amendment lies in its procedural nature, ensuring compliance with SEC disclosure requirements.

Financial Highlights

50 data points
Beta

Revenue

$419.45M

Net Income

$61.01M

14.5% Net Margin

EPS (Diluted)

$0.21

Total Assets

$5.02B

Cash & Equivalents

$412.61M

Free Cash Flow

$171.81M

Financial Statements
Beta
Revenue$419.45M
Operating Expenses$318.53M
Interest Expense$9.67M
Net Income$61.01M
EPS (Basic)$0.21
EPS (Diluted)$0.21
Shares Outstanding (Basic)275.04M
Shares Outstanding (Diluted)279.66M

Key Highlights

  • 1Filing is an Amendment No. 1 to the 10-Q for the period ending June 29, 2016.
  • 2The amendment was filed on August 17, 2017.
  • 3Key exhibits include CEO and CFO certifications under Rule 13a-14(a)/15d-14(a).
  • 4Includes Section 1350 certifications from the CEO and CFO.
  • 5Contains XBRL documents (Instance, Schema, Calculation, Definition, Label, Presentation) for interactive data.
  • 6No new financial performance data is presented; the focus is on exhibits and compliance.
  • 7Confirms adherence to SEC's reporting and certification requirements.

Frequently Asked Questions

This filing is an amendment to a previously submitted 10-Q report. Its primary purpose is to provide necessary exhibits and certifications, particularly those related to the accuracy of financial reporting as certified by the Chief Executive Officer and Chief Financial Officer, and to include XBRL data files.

No, this filing is an amendment and focuses on exhibits and certifications. It does not present revised or updated financial performance figures for the quarter ending June 29, 2016. Investors should consult the original 10-Q filing for detailed financial results.

The XBRL documents (Instance, Schema, Calculation, Definition, Label, and Presentation) are standardized digital formats that allow financial data to be read and processed by software. They enable easier analysis and comparison of financial information.

These certifications ensure that the company's principal officers have reviewed the financial statements and disclosures, attesting to their accuracy and completeness. This reinforces investor confidence in the reliability of the reported financial information and the integrity of the company's internal controls.