← ERIE INDEMNITY CO
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income (Loss) Attributable to Parent | $210.4m |
$197.0m
-6.35%
|
$288.2m
+46.31%
|
$316.8m
+9.92%
|
$293.3m
-7.42%
|
$297.9m
+1.55%
|
$298.6m
+0.24%
|
$446.1m
+49.40%
|
$600.3m
+34.58%
|
$559.3m
-6.83%
|
— | |
| Depreciation, Depletion and Amortization | $15.1m | $14.8m | $13.4m | $16.8m | $21.2m | $37.2m | $45.9m | $47.4m | $56.5m | $69.5m | $76.8m | |
| Deferred Income Tax Expense (Benefit) | ($2k) | $26.9m | ($1.4m) | $3.3m | ($5.2m) | ($1.9m) | $9.5m | ($1.0m) | $4.0m | $19.5m | $19.5m | |
| Deferred Tax | — | — | — | — | — | — | $9.5m | ($1.0m) | $4.0m | $19.5m | $19.5m | |
| Income (Loss) from Equity Method Investments | $7.0m | $2.8m | ($822k) | $660k | — | $31.7m | — | — | — | — | — | |
| Other Nonoperating Income (Expense) | — | — | $3.6m | $255k | ($1.8m) | ($4.9m) | $1.6m | $12.7m | $11.6m | $8.6m | — | |
| Change In Working Capital | — | — | — | — | — | — | ($34.6m) | ($148.4m) | ($60.9m) | $31.3m | $31.3m | |
| Change In Receivables | — | — | — | — | — | — | ($45.8m) | ($100.4m) | ($81.7m) | ($28.5m) | ($28.5m) | |
| Change In Payables And Accrued Expense | — | — | — | — | — | — | $23.0m | $33.8m | $54.5m | $66.3m | ($7.8m) | |
| Change In Accrued Expense | — | — | — | — | — | — | ($25.3m) | ($27.1m) | $7.4m | $57.1m | $57.1m | |
| Change In Other Current Assets | — | — | — | — | — | — | $0 | ($101.2m) | ($34.5m) | ($29.4m) | ($29.4m) | |
| Change In Other Current Liabilities | — | — | — | — | — | $52.8m | $15.6m | $0 | $0 | — | $0 | |
| Net Cash Provided by (Used in) Operating Activities | $254.3m |
$197.1m
-22.49%
|
$263.6m
+33.71%
|
$364.5m
+38.30%
|
$342.6m
-6.02%
|
$402.8m
+17.57%
|
$366.2m
-9.10%
|
$381.2m
+4.11%
|
$611.2m
+60.35%
|
$686.7m
+12.34%
|
$686.7m
0.00%
|
|
| Cash flows from investing activities: | ||||||||||||
| Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property | — | — | $3.0m | ($75k) | $15k | $13k | ($172k) | ($1.6m) | ($3.9m) | — | $2.3m | |
| Capital Expenditure | — | — | — | — | — | — | ($67.2m) | ($92.6m) | ($124.8m) | ($115.7m) | ($144.7m) | |
| Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale | $146.3m | $195.0m | $134.4m | $303.8m | $118.9m | $184.8m | $130.4m | $76.6m | $196.6m | $188.6m | — | |
| Net Cash Provided by (Used in) Investing Activities | ($136.9m) | ($74.7m) | ($81.4m) | ($124.6m) | ($243.2m) | ($185.5m) | ($106.9m) | ($157.6m) | ($226.9m) | ($439.3m) | ($537.4m) | |
| Cash flows from financing activities: | ||||||||||||
| Debt and Equity Securities, Gain (Loss) | — | — | — | $6.1m | $6.4m | $4.9m | ($27.3m) | ($5.8m) | $3.2m | $2.3m | — | |
| Issuance Of Debt | — | — | — | — | — | $0 | $55.0m | $0 | $0 | — | $0 | |
| Long Term Debt Payments | — | — | — | — | — | ($2.0m) | ($94.1m) | $0 | $0 | — | $0 | |
| Net Issuance Payments Of Debt | — | — | — | — | — | ($2.0m) | ($94.1m) | $0 | $0 | — | $0 | |
| Net Long Term Debt Issuance | — | — | — | — | — | ($2.0m) | ($94.1m) | — | — | — | — | |
| Net Short Term Debt Issuance | — | — | — | — | — | $0 | $0 | $0 | $0 | — | $0 | |
| Repayment Of Debt | — | — | — | — | — | ($2.0m) | ($149.1m) | $0 | $0 | — | $0 | |
| Short Term Debt Payments | — | — | — | — | — | $0 | ($55.0m) | $0 | $0 | — | $0 | |
| Payments for Repurchase of Common Stock | $0 | — | — | — | — | — | — | — | — | — | — | |
| Payments of Ordinary Dividends, Common Stock | $136.0m | $145.8m | $156.5m | $167.7m | $272.9m | $192.8m | $206.8m | $221.7m | $237.5m | $254.3m | ($263.4m) | |
| Common Stock Dividend Paid | — | — | — | — | — | — | ($206.8m) | ($221.7m) | ($237.5m) | ($254.3m) | ($263.4m) | |
| Dividends Payable, Current | $36.4m | $39.1m | $41.9m | $44.9m | $48.2m | $51.7m | $55.4m | $59.4m | $63.6m | $68.1m | — | |
| Cash Dividends Paid | — | — | — | — | — | — | ($206.8m) | ($221.7m) | ($237.5m) | ($254.3m) | ($263.4m) | |
| Net Cash Provided by (Used in) Financing Activities | ($111.2m) |
($95.8m)
+13.84%
|
($131.5m)
-37.24%
|
($169.6m)
-28.96%
|
($274.9m)
-62.10%
|
($194.8m)
+29.11%
|
($300.8m)
-54.40%
|
($221.7m)
+26.32%
|
($230.0m)
-3.75%
|
($199.9m)
+13.11%
|
($235.5m)
-17.83%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | $26.6m | $50.7m | $70.3m | ($175.5m) | $22.5m | ($41.6m) | $2.0m | $154.3m | $47.5m | $282.9m | |
| Beginning Cash Position | — | — | — | — | — | — | $183.7m | $142.1m | $144.1m | $298.4m | $358.0m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | $26.6m | $50.7m | $336.7m | $161.2m | $183.7m | $142.1m | $144.1m | $298.4m | $345.9m | $282.9m | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | $1.0m | $2.4m | $853k | $693k | $4.1m | $2.1m | $0 | $0 | — | — | |
| Income Taxes Paid, Net | $104.6m | $106.2m | $58.8m | $72.8m | $82.6m | $84.5m | $80.6m | $104.4m | $159.9m | $104.0m | — | |
| Additional Financial Items | ||||||||||||
| Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement | — | ($302k) | $0 | $0 | — | — | — | — | $1.3m | $572k | — | |
| Equity Securities, FV-NI, Gain (Loss) | — | — | — | — | $5.1m | ($186k) | ($13.2m) | $871k | $4.8m | $2.3m | — | |
| Equity Securities, FV-NI, Realized Gain (Loss) | — | — | — | — | ($469k) | ($76k) | ($1.9m) | ($2.3m) | $1.2m | $341k | — | |
| Equity Securities, FV-NI, Unrealized Gain (Loss) | — | — | — | — | $5.5m | ($110k) | ($11.4m) | $3.2m | $3.6m | $1.9m | — | |
| Gain (Loss) on Sale of Properties | — | — | $3.4m | — | — | — | — | — | — | — | — | |
| Income Tax Expense (Benefit) | $109.7m | $118.7m | $83.1m | $79.9m | $75.2m | $78.5m | $77.9m | $115.9m | $157.0m | $151.3m | — | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | $0 | — | — | |
| Operating Costs and Expenses | — | $13.1m | $14.5m | — | — | — | — | — | — | — | — | |
| Operating Expenses | $1.3b | $1.4b | $2.0b | $2.1b | $2.2b | $2.3b | $2.5b | $2.7b | $3.1b | $3.4b | — | |
| Financing Receivable, Credit Loss, Expense (Reversal) | — | — | — | — | $297k | ($152k) | $0 | — | — | — | — | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | ($300.8m) | ($221.7m) | ($230.0m) | ($199.9m) | ($235.5m) | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | ($106.9m) | ($157.6m) | ($226.9m) | ($439.3m) | ($537.4m) | |
| Change In Account Payable | — | — | — | — | — | — | $19.0m | $7.2m | ($7.5m) | ($7.8m) | ($7.8m) | |
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | ($41.6m) | $2.0m | $154.3m | $47.5m | — | |
| Change In Other Working Capital | — | — | — | — | — | — | $358k | $12.8m | $5.5m | $3.8m | $3.8m | |
| Change In Payable | — | — | — | — | — | — | $48.3m | $60.9m | $47.1m | $9.2m | ($7.8m) | |
| Change In Prepaid Assets | — | — | — | — | — | — | ($25.8m) | $7.7m | ($3.0m) | $22.3m | $22.3m | |
| Changes In Cash | — | — | — | — | — | — | ($41.6m) | $2.0m | $154.3m | $47.5m | ($75.1m) | |
| End Cash Position | — | — | — | — | — | — | $142.1m | $144.1m | $298.4m | $345.9m | $282.9m | |
| Financing Cash Flow | — | — | — | — | — | — | ($300.8m) |
($221.7m)
+26.32%
|
($230.0m)
-3.75%
|
($199.9m)
+13.11%
|
($235.5m)
-17.83%
|
|
| Free Cash Flow | — | — | — | — | — | — | $298.9m | $288.6m | $486.4m | $571.0m | $553.1m | |
| Gain Loss On Investment Securities | — | — | — | — | — | — | $40.9m | $29.4m | $21k | ($3.4m) | ($3.4m) | |
| Gain Loss On Sale Of PPE | — | — | — | — | — | — | $172k | $1.6m | $3.9m | $5.7m | $5.7m | |
| Investing Cash Flow | — | — | — | — | — | — | ($106.9m) | ($157.6m) | ($226.9m) | ($439.3m) | ($537.4m) | |
| Net Investment Purchase And Sale | — | — | — | — | — | — | ($36.9m) | ($53.0m) | ($75.8m) | ($301.0m) | ($367.4m) | |
| Net PPE Purchase And Sale | — | — | — | — | — | — | ($66.9m) | ($92.6m) | ($124.8m) | ($115.7m) | ($144.7m) | |
| Operating Gains Losses | — | — | — | — | — | — | $41.0m | $31.0m | $3.9m | $2.3m | $2.3m | |
| Purchase Of Investment | — | — | — | — | — | — | ($484.2m) | ($315.6m) | ($513.5m) | ($730.0m) | ($1.1b) | |
| Purchase Of PPE | — | — | — | — | — | — | ($67.2m) | ($92.6m) | ($124.8m) | ($115.7m) | ($144.7m) | |
| Sale Of Investment | — | — | — | — | — | — | $447.3m | $262.6m | $437.7m | $429.0m | $764.9m | |
| Sale Of PPE | — | — | — | — | — | $0 | $265k | $0 | $0 | — | $0 |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.