filings.toolsItem 6. Selected Financial Data
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Item 6. Selected Financial Data
As described in Note 1 “Basis of Presentation - Revision of Previously Issued Financial Statements” of the Notes to Consolidated Financial Statements, during the fourth quarter of 2016, we identified errors that impacted the years ended December 31, 2015, 2014, 2013, and 2012. The corrections for the errors, which we have concluded are immaterial, individually and in the aggregate, to all prior-period consolidated financial statements, are reflected in the consolidated financial statements and selected financial data included in this Form 10-K.
As described in Note 2 “Summary of Significant Accounting Principles and Practices” of the Notes to Consolidated Financial Statements, we adopted guidance related to the presentation of deferred tax assets and liabilities and debt issuance costs. Amounts below have been amended to reflect the adoption of the new guidance.
| (millions except per share data) | 2016 | 2015 | 2014 | 2013 | 2012 | |||||||||||||||
| (As Revised) | (As Revised) | (As Revised) | (As Revised) | |||||||||||||||||
| Income Statement Data | ||||||||||||||||||||
| Commissions, fees and other | $ | 11,605 | $ | 11,661 | $ | 12,019 | $ | 11,787 | $ | 11,476 | ||||||||||
| Fiduciary investment income | 22 | 21 | 26 | 28 | 38 | |||||||||||||||
| Total revenue | $ | 11,627 | $ | 11,682 | $ | 12,045 | $ | 11,815 | $ | 11,514 | ||||||||||
| Income from continuing operations | $ | 1,430 | $ | 1,422 | $ | 1,431 | $ | 1,148 | $ | 1,020 | ||||||||||
| Net income | 1,430 | 1,422 | 1,431 | 1,148 | 1,020 | |||||||||||||||
| Less: Net income attributable to noncontrolling interests | 34 | 37 | 34 | 35 | 27 | |||||||||||||||
| Net income attributable to Aon shareholders | $ | 1,396 | $ | 1,385 | $ | 1,397 | $ | 1,113 | $ | 993 | ||||||||||
| Basic Net Income Per Share Attributable to Aon Shareholders | $ | 5.21 | $ | 4.93 | $ | 4.73 | $ | 3.57 | $ | 3.02 | ||||||||||
| Diluted Net Income Per Share Attributable to Aon Shareholders | $ | 5.16 | $ | 4.88 | $ | 4.66 | $ | 3.53 | $ | 2.99 | ||||||||||
| Balance Sheet Data | ||||||||||||||||||||
| Fiduciary assets (1) | $ | 9,485 | $ | 9,932 | $ | 11,638 | $ | 11,871 | $ | 12,214 | ||||||||||
| Intangible assets including goodwill | $ | 10,970 | $ | 10,628 | $ | 11,380 | $ | 11,575 | $ | 11,918 | ||||||||||
| Total assets | $ | 26,615 | $ | 26,883 | $ | 29,572 | $ | 30,060 | $ | 30,296 | ||||||||||
| Long-term debt | $ | 5,869 | $ | 5,138 | $ | 4,768 | $ | 3,666 | $ | 3,694 | ||||||||||
| Total equity | $ | 5,532 | $ | 6,059 | $ | 6,527 | $ | 8,091 | $ | 7,701 | ||||||||||
| Class A Ordinary Shares and Other Data | ||||||||||||||||||||
| Dividends paid per share | $ | 1.29 | $ | 1.15 | $ | 0.92 | $ | 0.68 | $ | 0.62 | ||||||||||
| At year-end: | ||||||||||||||||||||
| Market price, per share | $ | 111.53 | $ | 92.21 | $ | 94.83 | $ | 83.89 | $ | 55.61 | ||||||||||
| Shares outstanding | 262.0 | 269.8 | 280.0 | 300.7 | 310.9 |
| (1) | Represents insurance premium receivables from clients as well as cash and investments held in a fiduciary capacity. |
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