Last 7 days
-0.1%
Last 30 days
3.7%
Last 90 days
-8.0%
Trailing 12 Months
5.2%
Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
---|---|---|---|---|---|---|
2023-09-07 | Krasner Andrew Jay | sold (taxes) | -364,695 | 204 | -1,783 | chief financial officer |
2023-09-07 | Krasner Andrew Jay | acquired | - | - | 128 | chief financial officer |
2023-07-20 | Furman Matthew | sold (taxes) | -456,161 | 226 | -2,012 | general counsel |
2023-07-20 | Hess Carl Aaron | sold (taxes) | -543,221 | 226 | -2,396 | chief executive officer |
2023-07-20 | Pullum Anne | sold (taxes) | -343,934 | 226 | -1,517 | head of europe |
2023-07-20 | Gebauer Julie Jarecke | sold (taxes) | -376,582 | 226 | -1,661 | head of health, wealth &career |
2023-07-20 | Garrard Adam | sold (taxes) | -427,594 | 226 | -1,886 | head of risk & broking |
2023-07-17 | Pullum Anne | acquired | - | - | 17.418 | head of europe |
2023-07-17 | Kurpis Joseph Stephen | acquired | - | - | 0.391 | pao and controller |
2023-07-17 | Krasner Andrew Jay | acquired | - | - | 6.295 | chief financial officer |
Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
---|---|---|---|---|---|---|
2023-09-21 | Jefferies Group LLC | new | - | 2,051,880 | 2,051,880 | 0.02% |
2023-09-20 | BARCLAYS PLC | added | 107 | 35,220,000 | 67,230,000 | 0.04% |
2023-09-18 | WASHINGTON CAPITAL MANAGEMENT, INC | new | - | 435,675 | 435,675 | 0.37% |
2023-09-12 | Farther Finance Advisors, LLC | added | 18.52 | 3,785 | 22,608 | -% |
2023-08-28 | DT Investment Partners, LLC | unchanged | - | -1,342 | 13,819 | -% |
2023-08-23 | Rappaport Reiches Capital Management, LLC | unchanged | - | 5,959 | 449,805 | 0.19% |
2023-08-23 | WOLVERINE TRADING, LLC | sold off | -100 | -241,000 | - | -% |
2023-08-22 | NEW SOUTH CAPITAL MANAGEMENT INC | reduced | -2.52 | -361,036 | 29,438,700 | 1.31% |
2023-08-21 | CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | reduced | -3.89 | -1,096,020 | 40,983,100 | 0.06% |
2023-08-21 | VisionPoint Advisory Group, LLC | new | - | 5,417 | 5,417 | -% |
Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
---|---|---|---|---|---|
Feb 10, 2023 | artisan partners limited partnership | 6.0% | 6,466,172 | SC 13G | |
Feb 09, 2023 | vanguard group inc | 11.31% | 12,241,335 | SC 13G/A | |
Feb 08, 2023 | massachusetts financial services co /ma/ | 5.7% | 6,122,061 | SC 13G | |
Jan 24, 2023 | blackrock inc. | 10.0% | 10,836,419 | SC 13G/A | |
Feb 03, 2022 | blackrock inc. | 8.7% | 10,885,332 | SC 13G |
Date Filed | Form Type | Document | |
---|---|---|---|
Sep 11, 2023 | 4 | Insider Trading | |
Aug 09, 2023 | 4 | Insider Trading | |
Aug 09, 2023 | 4 | Insider Trading | |
Aug 09, 2023 | 4 | Insider Trading | |
Aug 09, 2023 | 4 | Insider Trading | |
Aug 09, 2023 | 4 | Insider Trading | |
Aug 09, 2023 | 4 | Insider Trading | |
Aug 09, 2023 | 4 | Insider Trading | |
Aug 09, 2023 | 4 | Insider Trading | |
Aug 09, 2023 | 4 | Insider Trading |
19.1%
8.9%
9.9%
3.4%
46.1%
0%
0%
Y-axis is the maximum loss one would have experienced if Willis Towers Watson was unfortunately bought at previous high price.
Income Statement (Last 12 Months) | (In Millions) | |||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
Revenue | 1.4% | 9,078 | 8,950 | 8,866 | 8,850 | 8,870 | 8,930 | 8,998 | 8,961 | 8,885 | 8,721 | 8,615 | 8,636 | 8,728 | 8,849 | 9,039 | 8,721 | 8,591 | 8,533 | 8,513 | 8,219 | 8,212 |
Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 7,569 | 7,624 | 7,704 | 7,800 | 7,836 |
EBITDA | -100.0% | - | 1,819 | 1,721 | 1,709 | 2,715 | 2,826 | 3,184 | 3,155 | 2,152 | 2,479 | 1,728 | 1,796 | 1,736 | 1,740 | 1,702 | - | - | - | - | - | - |
EBITDA Margin | -100.0% | - | 0.20* | 0.19* | - | 0.31* | 0.31* | 0.33* | 0.33* | 0.23* | 0.27* | 0.19* | 0.20* | 0.19* | 0.19* | 0.19* | - | - | - | - | - | - |
Interest Expenses | 2.8% | 219 | 213 | 208 | 204 | 200 | 201 | 211 | 221 | 232 | 242 | 244 | 246 | 247 | 241 | 234 | 226 | 215 | 211 | 208 | 203 | 199 |
Earnings Before Taxes | -4.3% | 1,298 | 1,357 | 1,258 | 1,245 | 2,246 | 2,259 | 2,692 | 2,562 | 1,537 | 1,522 | 1,011 | 1,128 | 1,067 | 1,077 | 1,046 | 1,124 | 1,060 | 947 | 851 | 454 | 383 |
EBT Margin | -100.0% | - | 0.15* | 0.14* | - | 0.25* | 0.26* | 0.28* | 0.28* | 0.17* | 0.23* | 0.15* | 0.15* | 0.15* | 0.15* | 0.15* | - | - | - | - | - | - |
Net Income | -1.4% | 1,075 | 1,090 | 1,009 | 2,823 | 3,536 | 3,611 | 4,222 | 2,296 | 1,514 | 1,424 | 996 | 1,064 | 1,018 | 1,073 | 1,061 | 895 | 864 | 773 | 695 | 562 | 464 |
Net Income Margin | -100.0% | - | 0.12* | 0.11* | - | 0.40* | 0.40* | 0.44* | 0.24* | 0.16* | 0.15* | 0.11* | 0.12* | 0.11* | 0.12* | 0.12* | - | - | - | - | - | - |
Free Cashflow | -100.0% | - | 925 | 812 | 621 | 1,953 | 2,210 | 2,061 | 2,445 | 1,455 | 1,477 | 1,628 | 1,521 | 1,317 | 1,005 | 935 | - | - | - | - | - | - |
Balance Sheet | (In Millions) | |||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
Assets | -9.8% | 28,773 | 31,906 | 31,769 | 30,991 | 32,509 | 32,841 | 34,970 | 37,282 | 38,267 | 38,632 | 38,531 | 38,037 | 38,110 | 37,727 | 35,426 | 35,703 | 35,166 | 35,893 | 32,385 | 33,041 | 34,213 |
Current Assets | -19.6% | 12,817 | 15,946 | 15,835 | 15,051 | 16,370 | 16,412 | 18,488 | 20,591 | 20,568 | 20,872 | 20,301 | 19,914 | 19,922 | 19,550 | 17,037 | 17,400 | 18,333 | 19,020 | 16,420 | 16,756 | 17,889 |
Cash Equivalents | 41.1% | 1,602 | 1,135 | 1,262 | 1,496 | 1,920 | 2,198 | 7,691 | 2,162 | 2,217 | 1,960 | 2,039 | 1,654 | 1,094 | 906 | 4,183 | 874 | 812 | 992 | 4,300 | 931 | 911 |
Net PPE | 0.3% | 725 | 723 | 718 | 701 | 744 | 817 | 851 | 881 | 927 | 951 | 1,013 | 997 | 989 | 974 | 1,046 | 963 | 967 | 957 | 942 | 944 | 924 |
Goodwill | 0.1% | 10,202 | 10,193 | 10,173 | 10,089 | 10,158 | 10,200 | 10,183 | 10,146 | 10,995 | 10,986 | 10,392 | 11,131 | 11,196 | 11,162 | 10,385 | 11,187 | 10,454 | 10,456 | 10,465 | 10,457 | 10,468 |
Liabilities | -13.0% | 18,896 | 21,730 | 21,676 | 21,078 | 22,092 | 21,766 | 21,662 | 25,849 | 26,552 | 27,058 | 27,599 | 27,417 | 27,654 | 27,338 | 25,057 | 25,672 | 24,934 | 25,651 | 22,388 | 22,851 | 23,839 |
Current Liabilities | -19.6% | 11,969 | 14,889 | 14,779 | 14,122 | 14,692 | 14,914 | 14,724 | 18,616 | 19,174 | 19,020 | 19,332 | 19,220 | 19,019 | 18,624 | 16,070 | 16,736 | 17,204 | 17,654 | 15,301 | 15,555 | 16,382 |
LT Debt, Current | 259.6% | 899 | 250 | 250 | 250 | - | 599 | 613 | 644 | 1,110 | 471 | 971 | 973 | 525 | 697 | 316 | 484 | 187 | 187 | 186 | - | - |
LT Debt, Non Current | 2.1% | 4,565 | 4,472 | 4,471 | 4,470 | 4,720 | 3,975 | 3,974 | 3,993 | 3,995 | 4,632 | 4,664 | 4,641 | 5,068 | 5,177 | 5,301 | 5,381 | 4,284 | 4,518 | 4,389 | 4,498 | 4,589 |
Shareholder's Equity | -3.7% | 9,799 | 10,176 | 10,016 | 9,838 | 10,417 | 11,075 | 13,308 | 11,433 | 11,715 | 11,574 | 10,932 | 10,620 | 10,456 | 10,389 | 10,369 | 10,001 | 10,204 | 10,214 | 9,971 | 10,163 | 10,347 |
Retained Earnings | -19.4% | 1,429 | 1,774 | 1,764 | 1,706 | 1,971 | 2,423 | 4,645 | 2,969 | 3,166 | 3,075 | 2,434 | 2,047 | 2,015 | 2,009 | 1,792 | 1,336 | 1,442 | 1,439 | 1,201 | 1,102 | 1,270 |
Additional Paid-In Capital | 0.2% | 10,910 | 10,890 | 10,876 | 10,855 | 10,855 | 10,826 | 10,804 | 10,786 | 10,785 | 10,765 | 10,748 | 10,724 | 10,713 | 10,703 | 10,687 | 10,667 | 10,644 | 10,630 | 10,615 | 10,577 | 10,566 |
Minority Interest | -2.5% | 78.00 | 80.00 | 77.00 | 75.00 | 80.00 | 71.00 | 48.00 | 40.00 | 45.00 | 48.00 | 112 | 105 | 121 | 126 | 120 | 114 | 114 | 122 | 119 | 114 | 119 |
Cashflow (Last 12 Months) | (In Millions) | |||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
Cashflow From Operations | 6.4% | 984 | 925 | 812 | 621 | 1,953 | 2,210 | 2,061 | 2,445 | 1,455 | 1,623 | 1,774 | 1,667 | 1,463 | 1,151 | 1,081 | 1,192 | 1,196 | 1,223 | 1,288 | 1,063 | 938 |
Share Based Compensation | 6.8% | 110 | 103 | 99.00 | 101 | 96.00 | 96.00 | 101 | 102 | 114 | 118 | 90.00 | 85.00 | 75.00 | 63.00 | 74.00 | 83.00 | 73.00 | 57.00 | 50.00 | 34.00 | 38.00 |
Cashflow From Investing | -298.4% | -1,227 | -308 | -173 | 2,151 | 2,215 | 2,215 | 2,570 | 309 | 463 | 431 | -160 | -191 | -1,715 | -1,701 | -1,614 | -1,632 | -336 | -337 | -341 | -313 | -333 |
Cashflow From Financing | 34.1% | -868 | -1,318 | -3,445 | -3,967 | -4,737 | -4,862 | -3,114 | -1,544 | -474 | -640 | 378 | -653 | 614 | 559 | 455 | 413 | -942 | -797 | -903 | -775 | -618 |
Dividend Payments | -0.3% | 357 | 358 | 369 | 379 | 294 | 380 | 374 | 362 | 444 | 354 | 346 | 343 | 339 | 336 | 329 | 323 | 318 | 315 | 306 | 296 | 289 |
Buy Backs | -8.7% | 1,263 | 1,384 | 3,530 | 3,717 | 4,348 | 3,877 | 1,627 | 1,000 | - | - | - | 6.00 | 198 | - | 150 | 464 | 512 | - | 602 | 471 | 505 |
Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | ||
---|---|---|---|---|
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
Income Statement [Abstract] | ||||
Revenue | $ 2,159 | $ 2,031 | $ 4,403 | $ 4,191 |
Costs of providing services | ||||
Salaries and benefits | 1,347 | 1,259 | 2,660 | 2,577 |
Other operating expenses | 433 | 393 | 886 | 879 |
Depreciation | 64 | 65 | 124 | 131 |
Amortization | 70 | 83 | 141 | 168 |
Restructuring costs | 10 | 56 | 13 | 62 |
Transaction and transformation | 93 | 38 | 152 | 58 |
Total costs of providing services | 2,017 | 1,894 | 3,976 | 3,875 |
Income from operations | 142 | 137 | 427 | 316 |
Interest expense | (57) | (51) | (111) | (100) |
Other income, net | 35 | 93 | 60 | 120 |
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES | 120 | 179 | 376 | 336 |
Provision for income taxes | (24) | (19) | (74) | (62) |
INCOME FROM CONTINUING OPERATIONS | 96 | 160 | 302 | 274 |
LOSS FROM DISCONTINUED OPERATIONS, NET OF TAX | 0 | (46) | 0 | (35) |
NET INCOME | 96 | 114 | 302 | 239 |
Income attributable to non-controlling interests | (2) | (5) | (5) | (8) |
NET INCOME ATTRIBUTABLE TO WTW | $ 94 | $ 109 | $ 297 | $ 231 |
Basic earnings per share: | ||||
Income from continuing operations per share | $ 0.88 | $ 1.38 | $ 2.78 | $ 2.31 |
Loss from discontinued operations per share | 0 | (0.41) | 0 | (0.3) |
Basic earnings per share | 0.88 | 0.97 | 2.78 | 2.01 |
Diluted earnings per share: | ||||
Income from continuing operations per share | 0.88 | 1.38 | 2.77 | 2.31 |
Loss from discontinued operations per share | 0 | (0.41) | 0 | (0.3) |
Diluted earnings per share | $ 0.88 | $ 0.97 | $ 2.77 | $ 2.01 |
Comprehensive income/(loss) before non-controlling interests | $ 124 | $ (130) | $ 383 | $ (61) |
Comprehensive income attributable to non-controlling interests | (2) | (5) | (5) | (8) |
Comprehensive income/(loss) attributable to WTW | $ 122 | $ (135) | $ 378 | $ (69) |
Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions | Jun. 30, 2023 | Dec. 31, 2022 |
---|---|---|
ASSETS | ||
Cash and cash equivalents | $ 1,602 | $ 1,262 |
Fiduciary assets | 8,608 | 11,772 |
Accounts receivable, net | 2,206 | 2,387 |
Prepaid and other current assets | 401 | 414 |
Total current assets | 12,817 | 15,835 |
Fixed assets, net | 725 | 718 |
Goodwill | 10,202 | 10,173 |
Other intangible assets, net | 2,146 | 2,273 |
Right-of-use assets | 570 | 586 |
Pension benefits assets | 893 | 827 |
Other non-current assets | 1,420 | 1,357 |
Total non-current assets | 15,956 | 15,934 |
TOTAL ASSETS | 28,773 | 31,769 |
LIABILITIES AND EQUITY | ||
Fiduciary liabilities | 8,608 | 11,772 |
Deferred revenue and accrued expenses | 1,685 | 1,915 |
Current debt | 899 | 250 |
Current lease liabilities | 125 | 126 |
Other current liabilities | 652 | 716 |
Total current liabilities | 11,969 | 14,779 |
Long-term debt | 4,565 | 4,471 |
Liability for pension benefits | 452 | 480 |
Deferred tax liabilities | 721 | 748 |
Provision for liabilities | 386 | 357 |
Long-term lease liabilities | 602 | 620 |
Other non-current liabilities | 201 | 221 |
Total non-current liabilities | 6,927 | 6,897 |
TOTAL LIABILITIES | 18,896 | 21,676 |
COMMITMENTS AND CONTINGENCIES | ||
EQUITY | ||
Additional paid-in capital | 10,910 | 10,876 |
Retained earnings | 1,429 | 1,764 |
Accumulated other comprehensive loss, net of tax | (2,540) | (2,621) |
Treasury shares, at cost, 17,519 shares in 2022 | 0 | (3) |
Total WTW shareholders' equity | 9,799 | 10,016 |
Non-controlling interests | 78 | 77 |
Total equity | 9,877 | 10,093 |
TOTAL LIABILITIES AND EQUITY | $ 28,773 | $ 31,769 |