← MERCURY GENERAL CORP
| 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 | $73.0m |
$144.9m
+98.34%
|
($5.7m)
-103.95%
|
$320.1m
+5688.11%
|
$374.6m
+17.03%
|
$247.9m
-33.81%
|
($512.7m)
-306.78%
|
$96.3m
+118.79%
|
$468.0m
+385.75%
|
$541.1m
+15.63%
|
— | |
| Depreciation, Amortization and Accretion, Net | $26.4m | $55.3m | $58.8m | $64.7m | $68.5m | $79.1m | $82.4m | $72.2m | $73.4m | $75.0m | $80.4m | |
| Amortization of Intangible Assets | $6.1m | $5.4m | $5.5m | $5.1m | $1.0m | $1.1m | $1.0m | $900k | $900k | $900k | — | |
| Deferred Policy Acquisition Costs, Amortization Expense | $562.5m | $555.4m | $572.2m | $602.1m | $627.8m | $633.4m | $654.6m | $708.5m | $858.3m | $942.9m | — | |
| Deferred Policy Acquisition Costs and Present Value of Future Insurance Profits, Amortization | $562.5m | $555.4m | $572.2m | $602.1m | $627.8m | $633.4m | $654.6m | $708.5m | $858.3m | $942.9m | — | |
| Depreciation | $20.2m | $21.1m | $19.9m | $23.2m | $28.0m | $32.5m | $34.3m | $33.8m | $37.4m | $49.6m | $80.4m | |
| Deferred Income Tax Expense (Benefit) | ($22.0m) | $10.4m | ($41.1m) | $41.3m | $13.2m | $12.4m | ($96.5m) | $9.9m | ($12.8m) | $15.2m | — | |
| Share-based Payment Arrangement, Noncash Expense | $142k | $60k | $145k | $123k | $142k | $141k | — | — | — | — | — | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | — | $0 | — | — | — | — | — | — | — | — | |
| Share-based Payment Arrangement, Expense | — | $60k | $145k | $123k | $142k | $141k | $15k | $0 | $4.6m | $14.6m | — | |
| Goodwill and Intangible Asset Impairment | — | — | — | — | — | — | — | — | $0 | $0 | — | |
| Goodwill, Impairment Loss | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | — | |
| Impairment of Intangible Assets (Excluding Goodwill) | — | — | — | — | — | — | — | — | $0 | $0 | — | |
| Change In Working Capital | — | — | — | — | — | — | $297.5m | $412.6m | $624.9m | $595.2m | $487.9m | |
| Change In Receivables | — | — | — | — | — | — | $68.7m | ($41.7m) | ($85.7m) | ($135.8m) | $274.0m | |
| Changes In Account Receivables | — | — | — | — | — | — | $68.7m | ($41.7m) | ($85.7m) | ($135.8m) | $274.0m | |
| Change In Payables And Accrued Expense | — | — | — | — | — | — | ($15.8m) | $29.9m | $69.6m | $32.7m | ($44.7m) | |
| Liability for Unpaid Claims and Claims Adjustment Expense, Incurred Claims | $2.4b | $2.4b | $2.6b | $2.7b | $2.4b | $2.8b | $3.4b | $3.5b | $3.7b | $4.0b | — | |
| Net Cash Provided by (Used in) Operating Activities | $287.5m |
$341.4m
+18.76%
|
$383.4m
+12.31%
|
$519.7m
+35.53%
|
$605.6m
+16.54%
|
$501.6m
-17.18%
|
$352.6m
-29.70%
|
$453.0m
+28.47%
|
$1.0b
+128.95%
|
$1.1b
+4.83%
|
$1.3b
+22.11%
|
|
| Cash flows from investing activities: | ||||||||||||
| Gain (Loss) on Disposition of Property Plant Equipment | — | — | — | — | — | — | — | $5.9m | $20.1m | $2.7m | ($159.8m) | |
| Capital Expenditure | — | — | — | — | — | — | ($35.5m) | ($36.8m) | ($46.1m) | ($58.4m) | ($63.9m) | |
| Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale | $647.1m | $575.7m | $334.6m | $316.9m | $250.9m | $518.6m | $480.0m | $294.3m | $940.9m | $876.7m | — | |
| Debt Securities, Available-for-sale, Realized Gain (Loss) | — | — | ($3.0m) | $1.3m | ($2.4m) | ($4.4m) | ($70.6m) | ($1.5m) | ($2.7m) | ($17.1m) | — | |
| Payments for (Proceeds from) Other Investing Activities | ($3.6m) | ($1.9m) | ($10.1m) | ($6.2m) | ($20.6m) | ($9.1m) | ($5.8m) | ($10.4m) | ($11.4m) | ($7.7m) | — | |
| Net Other Investing Changes | — | — | — | — | — | — | $27.9m | ($26.1m) | $43.7m | $8.2m | $32.2m | |
| Net Cash Provided by (Used in) Investing Activities | ($226.7m) | ($185.6m) | ($222.4m) | ($401.2m) | ($411.3m) | ($373.7m) | ($316.4m) | ($295.4m) | ($796.7m) | ($420.2m) | ($1.0b) | |
| Cash flows from financing activities: | ||||||||||||
| Issuance Of Debt | — | — | — | — | — | — | $25.0m | $175.0m | $0 | $0 | $519.4m | |
| Long Term Debt Issuance | — | — | — | — | — | — | $25.0m | $175.0m | $0 | $0 | $519.4m | |
| Long Term Debt Payments | — | — | — | — | — | — | ($1.5m) | ($1.1m) | ($1.5m) | ($1.4m) | ($150.8m) | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | $23.5m | $173.9m | ($1.5m) | ($1.4m) | $368.6m | |
| Net Long Term Debt Issuance | — | — | — | — | — | — | $23.5m | $173.9m | ($1.5m) | ($1.4m) | $368.6m | |
| Repayment Of Debt | — | — | — | — | — | ($825k) | ($1.5m) | ($1.1m) | ($1.5m) | — | ($150.8m) | |
| Payments of Ordinary Dividends, Common Stock | $137.2m | $137.9m | $138.5m | $139.1m | $139.6m | $140.2m | $105.5m | $70.3m | $70.3m | $70.3m | ($70.3m) | |
| Common Stock Dividend Paid | — | — | — | — | — | — | ($105.5m) | ($70.3m) | ($70.3m) | ($70.3m) | ($70.3m) | |
| Payments of Dividends | $137.2m | $137.9m | $138.5m | $139.1m | $139.6m | $140.2m | $105.5m | $70.3m | — | — | ($70.3m) | |
| Cash Dividends Paid | — | — | — | — | — | — | ($105.5m) | ($70.3m) | ($70.3m) | ($70.3m) | ($70.3m) | |
| Net Cash Provided by (Used in) Financing Activities | ($104.7m) |
($84.7m)
+19.06%
|
($138.1m)
-63.04%
|
($138.4m)
-0.18%
|
($140.2m)
-1.36%
|
($140.8m)
-0.42%
|
($82.0m)
+41.79%
|
$103.6m
+226.33%
|
($71.1m)
-168.65%
|
($71.7m)
-0.86%
|
$298.3m
+515.89%
|
|
| Beginning Cash Position | — | — | — | — | — | — | $335.6m | $289.8m | $550.9m | $720.3m | $1.1b | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | — | $348.5m | $335.6m | $289.8m | $550.9m | $720.3m | $1.3b | $1.7b | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $3.5m | $9.9m | $16.6m | $16.6m | $16.6m | $16.6m | $16.7m | $23.0m | $30.1m | $28.2m | — | |
| Income Taxes Paid, Net | ($3.3m) | $25.2m | ($11.0m) | ($14.6m) | $52.7m | $69.5m | ($26.5m) | ($57.9m) | $94.9m | $97.3m | — | |
| Additional Financial Items | ||||||||||||
| Equity Securities, FV-NI, Realized Gain (Loss) | — | — | ($2.2m) | $19.3m | ($4.5m) | $45.2m | $24.9m | ($14.3m) | $63.1m | $90.8m | — | |
| Fair Value, Option, Changes in Fair Value, Gain (Loss) | ($32.8m) | $87.9m | ($132.7m) | $196.6m | — | — | — | — | — | — | — | |
| Gain (Loss) on Disposition of Assets | — | $3.1m | $0 | $0 | — | — | — | — | — | — | — | |
| Goodwill | $42.8m | $42.8m | $42.8m | $42.8m | $42.8m | $42.8m | $42.8m | $42.8m | $42.8m | $42.8m | — | |
| Income Tax Expense (Benefit) | ($2.3m) | $22.2m | ($24.9m) | $58.0m | $83.9m | $51.4m | ($158.0m) | $3.1m | $106.9m | $122.6m | — | |
| Proceeds from Stock Options Exercised | $1.6m | $2.2m | $358k | $701k | $0 | $215k | $0 | $0 | $752k | $0 | — | |
| Realized Investment Gains (Losses) | ($34.3m) | $83.7m | ($133.5m) | $222.8m | $85.7m | $111.7m | ($488.1m) | $101.0m | $88.7m | $131.4m | — | |
| Revenue from Contract with Customer, Including Assessed Tax | — | — | $16.0m | $16.3m | $18.0m | $20.2m | $18.2m | $20.8m | $25.2m | $29.6m | — | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | ($82.0m) | $103.6m | ($71.1m) | ($71.7m) | $298.3m | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | ($316.4m) | ($295.5m) | ($796.7m) | ($420.2m) | ($1.0b) | |
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | ($45.8m) | $261.1m | $169.4m | $595.3m | — | |
| Change In Other Working Capital | — | — | — | — | — | — | ($131.5m) | $60.9m | $12.0m | $25.2m | ($5.1m) | |
| Changes In Cash | — | — | — | — | — | — | ($45.8m) | $261.1m | $169.4m | $595.3m | $578.6m | |
| End Cash Position | — | — | — | — | — | — | $289.8m | $550.9m | $720.3m | $1.3b | $1.7b | |
| Financing Cash Flow | — | — | — | — | — | — | ($82.0m) |
$103.6m
+226.33%
|
($71.1m)
-168.65%
|
($71.7m)
-0.86%
|
$298.3m
+515.89%
|
|
| Free Cash Flow | — | — | — | — | — | — | $317.1m | $416.2m | $991.0m | $1.0b | $1.3b | |
| Gain Loss On Investment Securities | — | — | — | — | — | — | $488.1m | ($101.0m) | ($75.3m) | ($131.4m) | ($159.8m) | |
| Gain Loss On Sale Of PPE | — | — | — | — | — | — | $927k | ($5.9m) | ($13.7m) | ($2.7m) | ($22.6m) | |
| Investing Cash Flow | — | — | — | — | — | — | ($316.4m) | ($295.5m) | ($796.7m) | ($420.2m) | ($1.0b) | |
| Net Investment Purchase And Sale | — | — | — | — | — | — | ($308.8m) | ($262.4m) | ($807.0m) | ($404.1m) | ($1.0b) | |
| Net PPE Purchase And Sale | — | — | — | — | — | — | ($35.5m) | ($7.0m) | ($33.4m) | ($24.3m) | ($42.4m) | |
| Operating Gains Losses | — | — | — | — | — | — | $489.0m | ($106.9m) | ($89.0m) | ($134.1m) | ($159.8m) | |
| Other Non Cash Items | — | — | — | — | — | — | ($3.6m) | ($21.3m) | ($26.8m) | $10.0m | — | |
| Proceeds From Stock Option Exercised | — | — | — | — | — | — | $0 | $0 | $752k | $0 | $0 | |
| Purchase Of Investment | — | — | — | — | — | — | ($2.8b) | ($2.2b) | ($3.5b) | ($3.8b) | ($4.3b) | |
| Purchase Of PPE | — | — | — | — | — | — | ($35.5m) | ($36.8m) | ($46.1m) | ($58.4m) | ($63.9m) | |
| Sale Of Investment | — | — | — | — | — | — | $2.5b | $1.9b | $2.7b | $3.4b | $3.3b | |
| Sale Of PPE | — | — | — | — | — | — | $3k | $29.9m | $12.7m | $34.2m | $21.4m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.