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Arthur J. Gallagher & Co. cash flow statement

In fiscal 2025, Arthur J. Gallagher & Co.'s operations generated $1.93bn of cash; it spent $145m on capital projects, leaving free cash flow of $1.78bn. It returned $667m in dividends.

Cash flow statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2009Dec 20092010Dec 20102011Dec 20112012Dec 20122013Dec 20132014Dec 20142015Dec 20152016Dec 20162017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMJun 2026
Cash from operations2122302843433504376866508547651,1911,8071,3921,3902,0322,5831,9302,449
Depreciation and amortisation86931151401792593343513864194745625666006978431,122812
Stock-based pay109148811111517141414132431424965
Capital spending2425465194829921812912413999129183194142145164
Free cash flow1882042382922563555874327256411,0521,7081,2641,2071,8382,4411,7852,285
Free cash flow after stock pay1781952242852493455764177086271,0381,6941,2501,1831,8072,3991,7362,220
Dividends paid128134146204183223258272283302321347392430474525667693
Share buybacks1112———1011811————————
Shares issued8377482769972034660821011121,5471231208,5071,499212

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

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Figures from Arthur J. Gallagher & Co.'s SEC filings (10-K and 10-Q), retrieved October 20, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Arthur J. Gallagher & Co.