Willis Towers Watson Cash Flow Statement

WTW / Financials|15 years of annual SEC 10-K data (FY2011-FY2025)

Covers operating cash flow, capital expenditures, free cash flow, share buybacks, and dividends paid across 15 fiscal years. All figures from audited SEC 10-K filings.

Willis Towers Watson generated $1.8B in operating cash flow and $1.5B in free cash flow in FY2025. Free cash flow margin was 15.9% of revenue.

Based on SEC 10-K filings.

Key Data Points

Altman Z-Score 0.78 (distress zone, below 1.8 threshold)
Strong profit margin: 21.6%
Strong return on equity: 27.4%

Data sourced from SEC EDGAR filings. Not investment advice.

Item	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011
Net Income	$1.6B	-$98.0M	$1.1B	$1.0B	$4.2B	$996.0M	$1.0B	$695.0M	$568.0M	$420.0M	$373.0M	$362.0M	$365.0M	-$446.0M	$204.0M
Depreciation & Amortization	-	-	$242.0M	$255.0M	-	-	-	-	-	-	$171.0M	$146.0M	$149.0M	-$79.0M	$142.0M
Operating Cash Flow	$1.8B	$1.5B	$1.3B	$812.0M	$2.1B	$1.8B	$1.1B	$1.3B	$862.0M	$933.0M	$244.0M	$477.0M	$561.0M	$525.0M	$439.0M
Capital Expenditures	$229.0M	$245.0M	$242.0M	-	-	-	-	$268.0M	$300.0M	$218.0M	$146.0M	$113.0M	$112.0M	$135.0M	$111.0M
Free Cash Flow	$1.5B	$1.3B	$1.1B	-	-	-	-	$1.0B	$562.0M	$715.0M	$98.0M	$364.0M	$449.0M	$390.0M	$328.0M
Share Buybacks	$1.6B	$901.0M	$1.0B	$3.5B	$1.6B	$0	$150.0M	$602.0M	$532.0M	$396.0M	$82.0M	$213.0M	$0	$100.0M	$0
Dividends Paid	$358.0M	$354.0M	$352.0M	$369.0M	$374.0M	$346.0M	$329.0M	$306.0M	$277.0M	$199.0M	$277.0M	$210.0M	$193.0M	$185.0M	$180.0M
FCF Margin	15.9%	12.8%	11.6%	-	-	-	-	12.0%	6.9%	9.1%	9.0%	33.2%	12.3%	11.2%	9.5%

Other Financial Statements

Income Statement Balance Sheet All Financial Data

Scores & Analysis

Piotroski F-Score Altman Z-Score Financial Ratios

Willis Towers Watson Profile All Financial Data

Item

FY2025

FY2024

FY2023

FY2022

FY2021

FY2020

FY2019

FY2018

FY2017

FY2016

FY2015

FY2014

FY2013

FY2012

FY2011

Net Income

$1.6B

-$98.0M

$1.1B

$1.0B

$4.2B

$996.0M

$1.0B

$695.0M

$568.0M

$420.0M

$373.0M

$362.0M

$365.0M

-$446.0M

$204.0M

Depreciation & Amortization

$242.0M

$255.0M

$171.0M

$146.0M

$149.0M

-$79.0M

$142.0M

Operating Cash Flow

$1.8B

$1.5B

$1.3B

$812.0M

$2.1B

$1.8B

$1.1B

$1.3B

$862.0M

$933.0M

$244.0M

$477.0M

$561.0M

$525.0M

$439.0M

Capital Expenditures

$229.0M

$245.0M

$242.0M

$268.0M

$300.0M

$218.0M

$146.0M

$113.0M

$112.0M

$135.0M

$111.0M

Free Cash Flow

$1.5B

$1.3B

$1.1B

$1.0B

$562.0M

$715.0M

$98.0M

$364.0M

$449.0M

$390.0M

$328.0M

Share Buybacks

$1.6B

$901.0M

$1.0B

$3.5B

$1.6B

$150.0M

$602.0M

$532.0M

$396.0M

$82.0M

$213.0M

$100.0M

Dividends Paid

$358.0M

$354.0M

$352.0M

$369.0M

$374.0M

$346.0M

$329.0M

$306.0M

$277.0M

$199.0M

$277.0M

$210.0M

$193.0M

$185.0M

$180.0M

FCF Margin

15.9%

12.8%

11.6%

12.0%

6.9%

9.1%

9.0%

33.2%

12.3%

11.2%

9.5%