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MMC Stock Price Correlated With Marsh & McLennan Cos. Financials
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Income Statement
Cash Flow
Balance Sheet
MMC Income Statement
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Revenue, Net:
Cost of Goods & Services Sold:
Gross Profit:
Selling, General & Admin Expense:
Research & Development Expense:
Total Operating Expenses:
Operating Income:
Income Taxes:
Net Income:
MMC Cash Flow
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Operating Activities Net Income:
Depreciation, Depletion & Amortization:
Change in Accounts Receiveable:
Net Cash from Operations:
Repurchases/Buybacks Common Stock:
Issuance of Long-term Debt:
Cash Dividends Paid:
Net Cash from Financing Activities:
Property, Plant & Equipment Purchases:
Purchases of Businesses, Net of Cash:
Net Cash from Investing Activities:
Net Change in Cash & Equivalents:
MMC Balance Sheet
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Cash and Cash Equivalents:
Short-Term Investments:
Accounts Receivable, Net:
Inventories:
Total Current Assets:
Property, Plant & Equipment, Net:
Total Assets:
Accounts Payable:
Current Portion of Long-Term Debt:
Total Short-Term Liabilities:
Long Term Debt, Non-Current Portion:
Total Long-Term Liabilities:
Total Liabilities:
Major Holders (from 13F filings)
Investment Type
Change
Value (x$1000)
increase or decrease
Vanguard Group
43,567,541 sh
-140,967 sh
0%
0%
$8,194,184
$914,532
Blackrock.
41,136,497 sh
-2,003,737 sh
-5%
-5%
$7,736,951
-$7,131,109,042
State Street
21,327,336 sh
453,081 sh
2%
2%
$4,011,245
$534,649
Capital International Investors
20,423,204 sh
11,768 sh
0%
0%
$3,840,269
$441,455
FMR
19,361,728 sh
794,799 sh
4%
4%
$3,641,554
$549,231
Capital World Investors
17,201,125 sh
203 sh
0%
0%
$3,235,037
$370,334
Wellington Management Group Llp
14,631,859 sh
-58,694 sh
0%
0%
$2,751,959
-$2,428,240,751
Massachusetts Financial Services /Ma/
12,651,700 sh
-147,772 sh
-1%
-1%
$2,379,532
$247,780
Geode Capital Management
9,633,135 sh
-657,382 sh
-6%
-6%
$1,807,029
$96,555
Ameriprise Financial
8,246,838 sh
108,783 sh
1%
1%
$1,552,116
$196,765
Price T Rowe Associates /Md/
8,245,479 sh
-1,387,284 sh
-14%
-14%
$1,551
-$54
Mawer Investment Management.
7,509,352 sh
-169,345 sh
-2%
-2%
$1,412,359
$133,472
Bank Of America /De/
6,761,329 sh
-1,499,463 sh
-18%
-18%
$1,271,670
$38,417
Morgan Stanley
5,994,391 sh
-130,055 sh
-2%
-2%
$1,127,427
$107,401
Northernrp
5,708,413 sh
-319,002 sh
-5%
-5%
$1,073,639
$69,773
Nuveen Asset Management
4,528,275 sh
-135,773 sh
-3%
-3%
$851,678
$850,901
Parnassus Investments
4,331,486 sh
55,041 sh
1%
1%
$814,666
$102,424
JPMorgan Chase
4,275,249 sh
146,147 sh
4%
4%
$804,088
$116,386
UBS Asset Management Americas
3,979,383 sh
$662,766
Lazard Asset Management
3,829,197 sh
73,765 sh
2%
2%
$720
$95
COMPANY PROFILE
2. Principles of Consolidation and Other Matters
The consolidated financial statements included herein have been prepared by MMC pursuant to the rules and regulations of the Securities and Exchange Commission. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America, have been omitted pursuant to such rules and regulations for interim filings, although MMC believes that the information and disclosures presented are adequate to make such information and disclosure not misleading. These consolidated financial statements should be read in conjunction with the consolidated financial statements and the notes thereto included in MMC's Annual Report on Form 10-K for the year ended December 31, 2009 (the "2009 10-K").
The financial information contained herein reflects all adjustments consisting only of normal recurring adjustments which are, in the opinion of management, necessary for a fair presentation of MMC's results of operations for the three-month periods ended March 31, 2010 and 2009.
Effective January 1, 2009, the Company adopted retrospectively the new standards issued by the Financial Accounting Standards Board ("FASB") affecting the calculation of earnings per share, Financial Accounting Standards Codification ("ASC") Topic No. 260 ("Earnings per Share") and the presentation of non-controlling interests (previously referred to as minority interests), ASC Topic No. 160 ("Non-controlling Interests"), which are described more fully in Notes 4 and 18 to the Consolidated Financial Statements.
The caption "Investment income (loss)" in the consolidated statements of income comprises realized and unrealized gains and losses from investments recognized in current earnings. It includes, when applicable, other than temporary declines in the value of available for sale securities and the change in value of MMC's holdings in certain private equity funds. MMC's investments may include direct investments in insurance or consulting companies and investments in private equity funds. Equity method losses of $1 million and $18 million are included in this line in 2010 and 2009, respectively.
MMC has an investment in Trident II limited partnership, a private equity investment fund. At March 31, 2010, MMC's investment in Trident II was approximately $160 million, reflected in Other assets in the consolidated balance sheet. MMC's maximum exposure to loss is equal to its investment plus any calls on its remaining capital commitment of $81 million. Since this fund is closed to new investments, none of the remaining capital commitment is expected to be called.
The Company reports a liability for unrecognized tax benefits resulting from uncertain tax positions taken or expected to be taken in the tax return. It is reasonably possible that the total amount of unrecognized tax benefits will decrease between zero and approximately $80 million within the next twelve months due to settlement of audits and expiration of statutes of limitation.
The consolidated financial statements included herein have been prepared by MMC pursuant to the rules and regulations of the Securities and Exchange Commission. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America, have been omitted pursuant to such rules and regulations for interim filings, although MMC believes that the information and disclosures presented are adequate to make such information and disclosure not misleading. These consolidated financial statements should be read in conjunction with the consolidated financial statements and the notes thereto included in MMC's Annual Report on Form 10-K for the year ended December 31, 2009 (the "2009 10-K").
The financial information contained herein reflects all adjustments consisting only of normal recurring adjustments which are, in the opinion of management, necessary for a fair presentation of MMC's results of operations for the three-month periods ended March 31, 2010 and 2009.
Effective January 1, 2009, the Company adopted retrospectively the new standards issued by the Financial Accounting Standards Board ("FASB") affecting the calculation of earnings per share, Financial Accounting Standards Codification ("ASC") Topic No. 260 ("Earnings per Share") and the presentation of non-controlling interests (previously referred to as minority interests), ASC Topic No. 160 ("Non-controlling Interests"), which are described more fully in Notes 4 and 18 to the Consolidated Financial Statements.
The caption "Investment income (loss)" in the consolidated statements of income comprises realized and unrealized gains and losses from investments recognized in current earnings. It includes, when applicable, other than temporary declines in the value of available for sale securities and the change in value of MMC's holdings in certain private equity funds. MMC's investments may include direct investments in insurance or consulting companies and investments in private equity funds. Equity method losses of $1 million and $18 million are included in this line in 2010 and 2009, respectively.
MMC has an investment in Trident II limited partnership, a private equity investment fund. At March 31, 2010, MMC's investment in Trident II was approximately $160 million, reflected in Other assets in the consolidated balance sheet. MMC's maximum exposure to loss is equal to its investment plus any calls on its remaining capital commitment of $81 million. Since this fund is closed to new investments, none of the remaining capital commitment is expected to be called.
The Company reports a liability for unrecognized tax benefits resulting from uncertain tax positions taken or expected to be taken in the tax return. It is reasonably possible that the total amount of unrecognized tax benefits will decrease between zero and approximately $80 million within the next twelve months due to settlement of audits and expiration of statutes of limitation.
Free historical financial statements for Marsh & McLennan Cos. Inc.. See how revenue, income, cash flow, and balance sheet financials have changed over 54 quarters since 2010. Compare with MMC stock chart to see long term trends.
Data imported from Marsh & McLennan Cos. Inc. SEC filings. Check original filings before making any investment decision.