Company: CRD-A
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0000950170-25-030894
Chunk: 255

Company: CRAWFORD & CO
Filing Date: 2025-03-03
Form: 10-K
Item: Item 8
Chunk 255
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Table of Contents

    Page

    Consolidated Statements of Operations
    57

    Consolidated Statements of Comprehensive Income (Loss)
    58

    Consolidated Balance Sheets
    59

    Consolidated Statements of Cash Flows
    61

    Consolidated Statements of Shareholders’ Investment
    62

    Notes to Consolidated Financial Statements
    63

    Report of Independent Registered Public Accounting Firm (PCAOB ID: 42)
    104

56

CRAWFORD & COMPANY

CONSOLIDATED STATEMENTS OF OPERATIONS

(In thousands, except per share amounts)

    Year Ended December 31,
     
    2024

    2023

    2022

    Revenues from Services:

    Revenues before reimbursements
     
    $
    1,292,510

    $
    1,267,131

    $
    1,189,482

    Reimbursements

    48,460

    49,788

    41,744

    Total Revenues

    1,340,970

    1,316,919

    1,231,226

    Costs and Expenses:

    Costs of services provided, before reimbursements

    924,963

    908,059

    883,128

    Reimbursements

    48,460

    49,788

    41,744

    Total costs of services

    973,423

    957,847

    924,872

    Selling, general, and administrative expenses

    299,664

    286,506

    255,750

    Corporate interest expense, net of interest income of $3,441, $2,773 and $655, respectively

    16,862

    17,036

    10,311

    Goodwill impairment

    —

    —

    36,808

    Total Costs and Expenses

    1,289,949

    1,261,389

    1,227,741

    Other (Loss) Income

    (9,909
    )

    (8,173
    )

    1,561

    Income Before Income Taxes

    41,112

    47,357

    5,046

    Provision for Income Taxes

    14,583