The Progressive Corporation
The Progressive Corporation, an insurance holding company, provides personal and commercial auto, personal residential and commercial property, general liability, and other specialty property-casualty insurance products and related services in the United…
Insurance - Property & Casualty
US, Mayfield [HQ]
Cash Flow Statements
15 Sheets · Starting from 2023In Million USD. Margins, Growth Rates In %
| Metric | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||||
| Operating Cash Flow (OCF) | 1,486.00 | 1,679.00 | 1,497.00 | 1,691.00 | 1,899.00 | 1,725.00 | 2,292.00 | 2,701.00 | 3,756.00 | 6,284.00 | 6,261.00 | 6,905.00 | 7,761.00 | 6,848.00 | 10,643.00 | |
| Operating Cash (Net) | 1,486.00 | 1,679.00 | 1,497.00 | 1,691.00 | 1,899.00 | 1,725.00 | 2,292.00 | 2,701.00 | 3,756.00 | 6,284.00 | 6,261.00 | 6,905.00 | 7,761.00 | 6,848.00 | 10,643.00 | |
| Accounts Receivable | -46.00 | -283.00 | -191.00 | -336.00 | -316.00 | -368.00 | -623.00 | -906.00 | -1,301.00 | -1,497.00 | -1,693.00 | -1,293.00 | -1,655.00 | -1,869.00 | -803.00 | |
| Accounts Payable | 12.00 | 7.00 | 4.00 | 123.00 | 165.00 | 92.00 | 37.00 | 308.00 | 400.00 | 746.00 | 611.00 | 328.00 | 399.00 | 199.00 | 12.00 | |
|
Working Capital
|
- - | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | |
| Change | 84.00 | 353.00 | 204.00 | 742.00 | 742.00 | 431.00 | 787.00 | 1,324.00 | 1,782.00 | 2,852.00 | 2,870.00 | 2,296.00 | 5,355.00 | 3,556.00 | 6,595.00 | |
| Other WC | -28.00 | 38.00 | 34.00 | 9.00 | 29.00 | 84.00 | -167.00 | -162.00 | -307.00 | -216.00 | -33.00 | -26.00 | -59.00 | 5,226.00 | -73.00 | |
| Investing Activities | ||||||||||||||||
| Used Cash (Net) | -1,178.00 | -486.00 | -744.00 | -264.00 | -1,356.00 | -836.00 | -1,923.00 | -2,464.00 | -3,406.00 | -7,331.00 | -4,338.00 | -6,117.00 | -3,119.00 | -7,956.00 | -10,842.00 | |
| Capital Expenditure | -66.00 | -64.00 | -78.00 | -127.00 | -140.00 | -108.00 | -130.00 | -215.00 | -155.00 | -266.00 | -363.00 | -223.00 | -243.00 | -292.00 | -252.00 | |
| Purchases of Investments | -10,917.00 | -5,068.00 | -7,076.00 | -6,100.00 | -7,422.00 | -9,213.00 | -9,958.00 | -12,044.00 | -14,843.00 | -21,691.00 | -29,145.00 | -36,381.00 | -34,015.00 | -28,536.00 | -25,863.00 | |
| Sale/Maturity of Investment | 9,803.00 | 4,638.00 | 6,407.00 | 6,003.00 | 6,050.00 | 8,508.00 | 8,927.00 | 9,729.00 | 11,628.00 | 14,901.00 | 25,111.00 | 30,382.00 | 31,338.00 | 21,015.00 | 15,236.00 | |
| Property, Plant, Equipment (P&PE) | -66.00 | -64.00 | -78.00 | -127.00 | -140.00 | -108.00 | -130.00 | -215.00 | -155.00 | -266.00 | -363.00 | -223.00 | -243.00 | -292.00 | -252.00 | |
| Acquisitions (Net) | - - | - - | - - | 3.00 | 3.00 | 5.00 | -765.00 | 6.00 | -18.00 | -296.00 | 53.00 | 21.00 | -313.00 | 35.00 | 47.00 | |
| Other Investing Activities | 1.00 | 8.00 | 3.00 | -44.00 | 152.00 | -30.00 | 2.00 | 59.00 | -18.00 | 21.00 | 6.00 | 83.00 | 114.00 | -177.00 | -11.00 | |
| Financing Activities | ||||||||||||||||
| Used Cash (Net) | -152.00 | -1,195.00 | -755.00 | -1,404.00 | -646.00 | -855.00 | -252.00 | -250.00 | -300.00 | -846.00 | -1,770.00 | -938.00 | -4,516.00 | -1,126.00 | -78.00 | |
| Debt Repayment | - - | -214.00 | -15.00 | -382.00 | -208.00 | -48.00 | -39.00 | -43.00 | -684.00 | -37.00 | -1.00 | -986.00 | -520.00 | -1,486.00 | -496.00 | |
| Dividends Paid | - - | -763.00 | -263.00 | -853.00 | -175.00 | -892.00 | -403.00 | -519.00 | -395.00 | -668.00 | -1,670.00 | -1,577.00 | -3,773.00 | -260.00 | -277.00 | |
|
Common Stock
|
180 | 285 | 1,512 | 174 | 273 | 616 | 590 | 688 | 63 | 576 | 92 | 118 | 223 | 99 | 140 | |
| Issued | - - | 27.00 | 514.00 | - - | - - | 344.00 | 382.00 | 495.00 | - - | 497.00 | 1.00 | 7.00 | - - | - - | - - | |
| Repurchased | -180.00 | -258.00 | -997.00 | -174.00 | -273.00 | -271.00 | -208.00 | -192.00 | -62.00 | -79.00 | -91.00 | -111.00 | -223.00 | -99.00 | -140.00 | |
| Other Financing Activities | 107.00 | 14.00 | 6.00 | 5.00 | 10.00 | 12.00 | 16.00 | 9.00 | 841.00 | 1,631.00 | -9.00 | 1,729.00 | - - | - - | 312.00 | |
| Cash Balances | ||||||||||||||||
| Begin of Period | 2.00 | 160.00 | 158.00 | 155.00 | 179.00 | 75.00 | 108.00 | 224.00 | 226.00 | 275.00 | 75.00 | 227.00 | 76.00 | 202.00 | 220.00 | |
| End of Period | 160.00 | 158.00 | 155.00 | 179.00 | 75.00 | 108.00 | 224.00 | 211.00 | 275.00 | 75.00 | 227.00 | 76.00 | 202.00 | 220.00 | 99.00 | |
| Change | 157.00 | -1.00 | -3.00 | 23.00 | -104.00 | 33.00 | 116.00 | -12.00 | 48.00 | -200.00 | 152.00 | -150.00 | 125.00 | 18.00 | -121.00 | |
| Non-Cash Balances | ||||||||||||||||
| Depreciation and Amortization | 127.00 | 129.00 | 88.00 | 94.00 | 101.00 | 97.00 | 150.00 | 199.00 | 236.00 | 262.00 | 306.00 | 331.00 | 337.00 | 336.00 | 299.00 | |
| Stock Based Compensation | - - | - - | - - | 63.00 | 64.00 | 51.00 | 66.00 | 85.00 | 95.00 | 77.00 | 90.00 | 89.00 | 100.00 | 122.00 | 121.00 | |
| Other | 217.00 | -6.00 | - - | 1.00 | 4.00 | 4.00 | - - | -1.00 | 1.00 | 477.00 | -984.00 | -1,516.00 | -1,382.00 | 2,111.00 | 327.00 | |
| Highlighted metrics | ||||||||||||||||
| Free Cash Flow (FCF) | 1,420.00 | 1,614.00 | 1,419.00 | 1,563.00 | 1,759.00 | 1,617.00 | 2,162.00 | 2,486.00 | 3,601.00 | 6,018.00 | 5,898.00 | 6,682.00 | 7,518.00 | 6,556.00 | 10,391.00 | |
| Cash Conversion Cycle (CCC) | 61.00 | 66.00 | 28,313.00 | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | |
| Invested Capital | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | |
|
Other Operating Inflows/Outflows
|
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| Forex Effect on Cash | 1.00 | - - | - - | 1.00 | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - |