Willis Towers Watson PLC Cash Flow
Concept
Operating Cash Flow
Net Income
Depreciation & Amortization
Stock based compensation
Other non cash items
Change in working capital
Investing Cash Flow
Capital Expenditures
Financing Cash Flow
Dividends Paid
Payout Ratio
Share Issuance / Repurchase
Debt Issued / Paid
Other Investing Activities
End Cash Position
Changes in Cash
Beginning Cash Position
Free Cash Flow
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
2011
2010
2009
2008
2007
2006
2005
2004
2003
2002
2001
2000
1,345M
1,055M
505M
125M
140M
-371M
-1,145M
242M
-1,200M
352M
33.37 %
-1,000M
0M
665M
1,424M
162M
1,262M
1,103M
812M
1,024M
567M
99M
60M
-888M
-173M
204M
-3,445M
369M
36 %
-3,530M
160M
1,032M
4,721M
-2,970M
7,691M
608M
2,061M
4,236M
650M
101M
-2,703M
-449M
2,770M
201M
-3,114M
374M
8.83 %
-1,627M
-1,008M
-115M
7,891M
1,590M
6,301M
1,860M
1,774M
1,020M
770M
90M
-125M
-80M
-160M
286M
-434M
346M
33.89 %
282M
-45M
-59M
2,096M
1,201M
895M
1,488M
1,081M
1,073M
729M
74M
67M
-790M
-1,614M
305M
397M
329M
30.67 %
-150M
971M
1,957M
895M
-138M
1,033M
776M
1,288M
715M
747M
54M
-112M
-1M
-341M
322M
-903M
306M
42.8 %
-602M
74M
884M
1,033M
3M
1,030M
966M
862M
592M
833M
67M
-67M
-278M
0M
375M
-479M
277M
46.9 %
-709M
589M
1,180M
1,030M
160M
870M
487M
967M
330M
769M
123M
-58M
-61M
0M
307M
-802M
199M
60.25 %
-396M
0M
1,917M
870M
338M
532M
660M
243M
384M
171M
64M
-98M
-179M
0M
158M
641M
277M
71.99 %
-82M
0M
1,042M
532M
-103M
635M
85M
477M
373M
146M
52M
-10M
-150M
0M
117M
-323M
210M
56.23 %
-213M
0M
-19M
635M
-161M
796M
360M
561M
377M
149M
42M
71M
-117M
0M
119M
-137M
193M
51.26 %
522M
0M
-20M
796M
296M
500M
442M
525M
-433M
138M
32M
908M
-174M
0M
137M
-291M
185M
-42.68 %
-100M
0M
-44M
500M
64M
436M
388M
439M
219M
142M
41M
171M
-151M
0M
111M
-214M
180M
82.12 %
1,094M
0M
-277M
436M
120M
316M
328M
489M
470M
145M
47M
1M
-251M
0M
83M
-293M
202M
42.99 %
90M
0M
-8M
316M
95M
221M
406M
418M
457M
160M
39M
-40M
-177M
0M
96M
-516M
191M
41.76 %
778M
0M
-32M
191M
15M
176M
322M
211M
303M
90M
40M
-40M
-228M
0M
94M
828M
146M
48.15 %
-75M
0M
2,062M
176M
-24M
200M
117M
268M
409M
66M
33M
-50M
-256M
0M
185M
-146M
143M
35.01 %
-480M
0M
895M
200M
-88M
288M
83M
147M
449M
63M
0M
-102M
-345M
0M
55M
-129M
145M
32.27 %
-211M
0M
411M
288M
95M
193M
92M
140M
300M
54M
0M
-95M
-166M
0M
32M
-315M
135M
44.88 %
-360M
0M
143M
193M
-158M
351M
108M
490M
427M
47M
0M
18M
17M
0M
49M
-333M
115M
27.02 %
-339M
0M
63M
351M
-13M
364M
441M
493M
414M
39M
0M
30M
4M
0M
57M
-222M
63M
15.16 %
-1M
0M
-198M
364M
153M
211M
436M
343M
210M
35M
80M
-22M
48M
0M
47M
-218M
0M
0 %
-1M
0M
-221M
211M
83M
128M
296M
221M
2M
68M
0M
144M
25M
0M
40M
-167M
0M
0 %
-284M
0M
-172M
128M
40M
88M
181M
79M
9M
72M
0M
-7M
13M
0M
30M
-23M
0M
0 %
0M
0M
-32M
88M
8M
80M
49M
Concept
Operating Cash Flow
Net Income
Depreciation & Amortization
Stock based compensation
Other non cash items
Change in working capital
Investing Cash Flow
Capital Expenditures
Financing Cash Flow
Dividends Paid
Payout Ratio
Share Issuance / Repurchase
Debt Issued / Paid
Other Investing Activities
End Cash Position
Changes in Cash
Beginning Cash Position
Free Cash Flow
4Q2023
3Q2023
2Q2023
1Q2023
4Q2022
3Q2022
2Q2022
1Q2022
4Q2021
3Q2021
2Q2021
1Q2021
4Q2020
3Q2020
2Q2020
1Q2020
4Q2019
3Q2019
2Q2019
1Q2019
4Q2018
3Q2018
2Q2018
1Q2018
4Q2017
3Q2017
2Q2017
1Q2017
4Q2016
3Q2016
2Q2016
1Q2016
4Q2015
3Q2015
2Q2015
1Q2015
4Q2014
3Q2014
2Q2014
1Q2014
4Q2013
3Q2013
2Q2013
1Q2013
4Q2012
3Q2012
2Q2012
1Q2012
4Q2011
3Q2011
2Q2011
1Q2011
4Q2010
3Q2010
2Q2010
1Q2010
4Q2009
3Q2009
2Q2009
1Q2009
4Q2008
3Q2008
2Q2008
1Q2008
4Q2007
3Q2007
2Q2007
1Q2007
4Q2006
3Q2006
2Q2006
1Q2006
4Q2005
3Q2005
2Q2005
1Q2005
4Q2004
3Q2004
2Q2004
1Q2004
4Q2003
3Q2003
2Q2003
1Q2003
4Q2002
3Q2002
2Q2002
1Q2002
4Q2001
3Q2001
2Q2001
1Q2001
522M
622M
118M
38M
64M
-269M
-55M
60M
-472M
87M
14.05 %
-196M
0M
-162M
1,424M
177M
1,247M
462M
393M
139M
122M
29M
-11M
135M
5M
61M
-615M
88M
63.64 %
-350M
0M
74M
3,732M
-272M
4,004M
332M
296M
96M
134M
32M
30M
26M
-974M
60M
340M
90M
93.33 %
-350M
0M
33M
4,004M
-358M
4,362M
236M
134M
206M
131M
26M
49M
-263M
4M
61M
-453M
87M
42.41 %
-104M
-1M
-261M
4,362M
-359M
4,721M
73M
375M
593M
137M
28M
32M
-457M
-115M
54M
-336M
89M
15.07 %
-440M
-1M
785M
4,721M
50M
4,671M
321M
179M
192M
131M
24M
-181M
60M
-77M
57M
-419M
91M
47.4 %
-369M
-2M
37M
4,671M
-437M
5,108M
122M
237M
114M
148M
25M
84M
-106M
-55M
47M
-110M
91M
79.41 %
-471M
168M
1,034M
5,108M
-64M
5,172M
190M
21M
125M
151M
22M
125M
-385M
200M
46M
-2,580M
98M
78.3 %
-2,250M
-1M
-232M
5,172M
-2,519M
7,691M
-25M
184M
2,407M
152M
30M
-2,293M
-297M
2,193M
52M
-809M
99M
4.1 %
-627M
-38M
-53M
7,891M
5,670M
2,221M
132M
1,511M
907M
154M
19M
-37M
483M
-13M
43M
-1,484M
6M
0.71 %
0M
-455M
-1,023M
2,221M
-1,484M
2,221M
1,468M
494M
186M
170M
25M
9M
58M
-55M
55M
-188M
177M
95.1 %
0M
-455M
-5M
2,221M
255M
1,966M
439M
-128M
736M
174M
27M
-382M
-693M
645M
51M
-633M
92M
12.54 %
0M
-508M
-34M
1,966M
-130M
2,096M
-179M
568M
483M
184M
31M
-7M
-167M
-52M
54M
-100M
87M
18.01 %
0M
-8M
-13M
2,096M
442M
1,654M
514M
521M
122M
181M
31M
-119M
291M
0M
64M
-119M
88M
72.34 %
0M
0M
-26M
1,654M
560M
1,094M
457M
662M
102M
186M
29M
-22M
304M
0M
87M
-401M
87M
85.9 %
-114M
0M
-19M
1,094M
188M
906M
575M
23M
313M
219M
-1M
23M
-508M
0M
81M
186M
84M
26.97 %
396M
0M
-1M
906M
11M
895M
-58M
461M
551M
190M
26M
36M
-314M
0M
87M
-377M
84M
15.33 %
-3M
0M
-44M
895M
21M
874M
374M
317M
80M
176M
21M
6M
37M
0M
64M
1,148M
84M
104.84 %
-96M
0M
2,081M
874M
62M
812M
253M
350M
149M
182M
17M
1M
14M
0M
80M
-456M
84M
56.52 %
0M
0M
-269M
812M
-180M
992M
270M
-47M
293M
181M
10M
24M
-527M
0M
74M
82M
77M
26.22 %
0M
0M
138M
992M
-41M
1,033M
-121M
572M
383M
181M
35M
-27M
45M
0M
72M
-361M
78M
20.55 %
-201M
0M
-6M
1,033M
102M
931M
500M
321M
46M
181M
11M
-44M
149M
0M
84M
-207M
79M
171.43 %
-132M
0M
782M
931M
20M
911M
237M
377M
65M
193M
1M
-10M
150M
0M
88M
-311M
81M
124.49 %
-269M
0M
54M
911M
-43M
954M
289M
18M
221M
192M
3M
-31M
-341M
0M
78M
-24M
68M
30.72 %
61M
0M
-7M
954M
-76M
1,030M
-60M
347M
253M
223M
19M
-44M
125M
0M
125M
-233M
68M
26.84 %
-70M
0M
-92M
1,030M
118M
912M
222M
196M
-54M
198M
15M
11M
8M
0M
99M
-50M
72M
-135 %
-343M
0M
377M
912M
60M
852M
97M
224M
41M
209M
19M
24M
-35M
0M
74M
-210M
72M
176.67 %
-140M
0M
44M
852M
-49M
901M
150M
95M
352M
203M
14M
-24M
-376M
0M
77M
14M
65M
18.43 %
-156M
0M
851M
901M
31M
870M
18M
359M
40M
194M
29M
-7M
119M
0M
92M
-156M
66M
165.52 %
-174M
0M
226M
870M
103M
767M
267M
181M
-31M
202M
26M
-19M
72M
0M
81M
-331M
66M
-218.18 %
-184M
0M
-66M
767M
-182M
949M
100M
309M
76M
169M
33M
-27M
39M
0M
68M
-200M
67M
88.89 %
-38M
0M
588M
949M
-5M
954M
241M
118M
245M
204M
35M
-5M
-291M
0M
66M
-115M
4M
1.67 %
1,401M
0M
-4M
954M
422M
532M
52M
130M
-18M
48M
18M
-38M
148M
0M
47M
547M
112M
-634.62 %
82M
0M
555M
532M
66M
466M
83M
106M
116M
48M
12M
-19M
53M
0M
54M
-10M
56M
48.52 %
-3M
0M
189M
466M
-17M
483M
52M
71M
72M
39M
16M
-47M
-30M
0M
40M
143M
55M
76.19 %
-64M
0M
217M
483M
-20M
503M
31M
-64M
214M
36M
18M
6M
-350M
0M
17M
-39M
54M
25.4 %
-15M
0M
-1M
503M
-132M
635M
-81M
196M
83M
38M
10M
-4M
53M
0M
33M
-40M
53M
63.93 %
-13M
0M
2M
635M
-21M
656M
163M
129M
-8M
36M
14M
1M
82M
0M
29M
-129M
54M
-666.67 %
-83M
0M
-2M
656M
-52M
708M
100M
147M
48M
36M
14M
14M
3M
0M
32M
-105M
53M
110 %
-82M
0M
-16M
708M
-26M
734M
115M
5M
250M
36M
14M
-21M
-287M
0M
23M
-49M
50M
20.05 %
-35M
0M
-3M
734M
-62M
796M
-18M
195M
74M
39M
11M
-6M
56M
0M
40M
-5M
49M
65.74 %
0M
0M
-2M
796M
173M
623M
155M
229M
-27M
35M
10M
96M
108M
0M
27M
-82M
49M
-182.5 %
522M
0M
-9M
623M
120M
503M
202M
98M
107M
35M
9M
2M
-64M
0M
29M
-68M
48M
44.65 %
-53M
0M
-6M
503M
-28M
531M
69M
39M
223M
40M
12M
-21M
-217M
0M
23M
18M
47M
21.13 %
55M
0M
-5M
531M
31M
500M
16M
215M
-800M
35M
8M
755M
210M
0M
39M
-67M
46M
-5.71 %
100M
0M
-129M
500M
76M
424M
176M
152M
26M
35M
7M
57M
-4M
0M
35M
-104M
46M
179.49 %
-44M
0M
-30M
424M
17M
407M
117M
96M
109M
34M
8M
52M
-125M
0M
27M
-120M
47M
43.29 %
-37M
0M
-41M
407M
-57M
464M
69M
62M
232M
34M
9M
44M
-255M
0M
36M
-85M
46M
19.71 %
-19M
0M
56M
464M
28M
436M
26M
167M
28M
34M
8M
18M
107M
0M
40M
-64M
44M
157.14 %
390M
0M
-95M
436M
73M
363M
127M
146M
60M
35M
9M
-7M
53M
0M
24M
-69M
46M
76.67 %
0M
0M
-20M
363M
46M
317M
122M
119M
85M
36M
10M
21M
-90M
0M
27M
-208M
45M
53.13 %
-94M
0M
-29M
317M
-115M
432M
92M
7M
34M
37M
14M
151M
-221M
0M
20M
127M
45M
132.69 %
798M
0M
-153M
432M
116M
316M
-13M
229M
103M
36M
13M
56M
4M
0M
24M
-67M
46M
44.59 %
-5M
0M
2M
316M
175M
141M
205M
104M
65M
36M
9M
24M
-30M
0M
14M
-89M
45M
69.31 %
65M
0M
-7M
141M
2M
139M
90M
83M
91M
37M
13M
17M
-68M
0M
16M
-120M
66M
72.34 %
-35M
0M
2M
139M
-57M
196M
67M
73M
211M
36M
12M
-19M
-157M
0M
29M
-17M
45M
21.28 %
65M
0M
-5M
196M
5M
191M
44M
132M
84M
41M
13M
-9M
24M
0M
22M
-289M
49M
58.02 %
-66M
0M
2M
191M
-12M
203M
110M
78M
81M
44M
11M
18M
-66M
0M
36M
43M
46M
56.69 %
266M
0M
-20M
203M
100M
103M
42M
124M
91M
37M
10M
-7M
-13M
0M
21M
-212M
52M
57.34 %
-55M
0M
-12M
103M
-47M
150M
103M
84M
201M
38M
5M
-29M
-122M
0M
17M
-58M
44M
21.94 %
633M
0M
-2M
150M
-26M
176M
67M
98M
62M
37M
40M
-25M
-30M
0M
28M
879M
37M
60.2 %
75M
0M
1,667M
176M
20M
156M
70M
78M
36M
20M
-2M
-17M
31M
0M
2M
-119M
37M
102.99 %
0M
0M
-86M
156M
-49M
205M
76M
26M
39M
17M
-20M
34M
-56M
0M
20M
11M
36M
91.78 %
0M
0M
44M
205M
10M
195M
6M
9M
166M
16M
9M
-19M
-173M
0M
44M
57M
36M
21.75 %
-75M
0M
333M
195M
-5M
200M
-35M
35M
95M
17M
33M
-6M
-148M
0M
50M
-4M
36M
38.07 %
-23M
0M
99M
200M
-10M
210M
-15M
135M
67M
16M
-33M
5M
66M
0M
59M
-27M
36M
54.1 %
0M
0M
-45M
210M
68M
142M
76M
18M
78M
17M
0M
8M
-95M
0M
50M
-26M
35M
45.07 %
0M
0M
2M
142M
-111M
253M
-32M
80M
169M
16M
9M
-33M
-79M
0M
26M
-89M
36M
21.31 %
-457M
0M
795M
253M
-35M
288M
54M
63M
148M
17M
0M
-6M
-179M
0M
20M
-44M
37M
25.1 %
-179M
0M
333M
288M
134M
154M
43M
-29M
89M
17M
-97M
5M
-36M
0M
9M
-26M
37M
41.89 %
0M
0M
6M
154M
-56M
210M
-38M
98M
72M
15M
0M
6M
2M
0M
14M
-32M
37M
51.67 %
0M
0M
2M
210M
52M
158M
84M
15M
140M
14M
0M
-10M
-132M
0M
12M
-27M
34M
24.46 %
0M
0M
3M
158M
-35M
193M
3M
120M
60M
14M
0M
-20M
34M
0M
9M
-84M
34M
57 %
-54M
0M
-1M
193M
8M
185M
111M
97M
49M
13M
0M
-62M
98M
0M
8M
-40M
35M
71.25 %
-154M
0M
144M
185M
29M
156M
89M
29M
119M
14M
0M
-81M
-29M
0M
5M
-173M
35M
29.69 %
0M
0M
-152M
156M
-44M
200M
24M
-106M
72M
13M
0M
68M
-269M
0M
10M
-18M
31M
42.98 %
0M
0M
-22M
200M
-151M
351M
-116M
171M
108M
12M
0M
-12M
93M
0M
15M
-30M
30M
27.65 %
-28M
0M
107M
351M
81M
270M
156M
43M
75M
12M
0M
-3M
-38M
0M
10M
-131M
29M
38.66 %
-113M
0M
-24M
270M
-113M
383M
33M
113M
96M
11M
31M
-2M
-31M
0M
11M
80M
30M
31.33 %
-50M
0M
150M
383M
172M
211M
102M
163M
148M
12M
2M
33M
-38M
0M
13M
-252M
26M
17.75 %
-148M
0M
-17M
211M
-153M
364M
150M
170M
118M
11M
0M
10M
11M
0M
17M
-84M
25M
21.2 %
0M
0M
-78M
364M
84M
280M
153M
84M
99M
9M
0M
-8M
-1M
0M
13M
-59M
19M
19.23 %
0M
0M
-44M
280M
-6M
286M
71M
144M
80M
9M
0M
35M
20M
0M
18M
-21M
0M
0 %
0M
0M
-28M
286M
97M
189M
126M
95M
117M
10M
8M
-15M
-26M
0M
9M
-58M
0M
0 %
0M
0M
-68M
189M
-22M
211M
86M
104M
118M
10M
80M
-127M
24M
0M
17M
-87M
0M
0 %
5M
0M
-91M
211M
17M
194M
87M
73M
31M
9M
0M
10M
16M
0M
13M
-19M
0M
0 %
1M
0M
-20M
194M
32M
162M
60M
78M
-7M
8M
0M
80M
7M
0M
12M
-90M
0M
-0 %
-5M
0M
-85M
162M
-21M
183M
66M
88M
68M
8M
0M
15M
1M
0M
5M
-22M
0M
0 %
-2M
0M
-20M
183M
55M
128M
83M
83M
27M
17M
0M
36M
1M
0M
20M
-58M
0M
0 %
-11M
0M
-50M
128M
8M
120M
63M
42M
-81M
17M
0M
118M
16M
0M
7M
-77M
0M
-0 %
0M
0M
-73M
120M
-21M
141M
35M
58M
17M
16M
0M
0M
16M
0M
8M
-10M
0M
0 %
0M
0M
-299M
141M
45M
96M
50M
38M
39M
18M
0M
-10M
-8M
0M
5M
-22M
0M
0 %
0M
0M
-23M
96M
8M
88M
33M