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Supplemental Disclosures of Cash Flow Information and Non-Cash Financing and Investing Activities (Tables)
3 Months Ended
Mar. 31, 2021
Supplemental Cash Flow Elements [Abstract]  
Summary of Cash Paid for Interest and Income Taxes

Brown & Brown's cash paid during the period for interest and income taxes are summarized as follows: 

 

 

 

Three months ended

March 31,

 

(in thousands)

 

2021

 

 

2020

 

Cash paid during the period for:

 

 

 

 

 

 

 

 

Interest

 

$

28,582

 

 

$

24,028

 

Income taxes, net of refunds

 

$

4,225

 

 

$

4,296

 

Summary of Significant Non-Cash Investing and Financing Activities

Brown & Brown’s significant non-cash investing and financing activities are summarized as follows:

 

 

 

Three months ended

March 31,

 

(in thousands)

 

2021

 

 

2020

 

Other payable issued for purchased customer accounts

 

$

(9

)

 

$

1,547

 

Estimated acquisition earn-out payables and related charges

 

$

14,988

 

 

$

13,978

 

Common stock issued for agency acquisition

 

$

4,892

 

 

$

 

Notes payable issued or assumed for purchased customer accounts

 

$

(1,355

)

 

$

 

Schedule of Reconciliation of Cash and Cash Equivalents Inclusive of Restricted Cash The following is a reconciliation of cash and cash equivalents inclusive of restricted cash as of March 31, 2021 and 2020.

 

 

Balance as of March 31,

 

(in thousands)

 

2021

 

 

2020

 

Table to reconcile cash and cash equivalents inclusive of restricted cash

 

 

 

 

 

 

 

 

Cash and cash equivalents

 

$

678,744

 

 

$

385,788

 

Restricted cash

 

 

461,980

 

 

 

389,390

 

Total cash and cash equivalents inclusive of restricted cash at the end of the period

 

$

1,140,724

 

 

$

775,178