Erie Indemnity Company
Cash Flow
Last updated:
Cash flow statement presents a set of outflows and inflows of cash within a company through operating, investing and financing activities. Over the last year, operating activities of Erie Indemnity Company generated cash of $381,205,000, which is more than the previous year. Cash used in financing activities reached the amount of -$221,675,000 last year. Net change in cash is therefore $1,965,000.
Cash Flow
| 2014 | 168M | -596M | -121M |
|---|---|---|---|
| 2015 | 174.67M | 622K | -126.85M |
| 2016 | 210.36M | -136.94M | -111.20M |
| 2017 | 196.99M | -74.66M | -95.81M |
| 2018 | 288.22M | -81.39M | -131.49M |
| 2019 | 364.52M | -124.63M | -169.57M |
| 2020 | 342.59M | -243.22M | -274.86M |
| 2021 | 402.79M | -185.49M | -194.84M |
| 2022 | 366.15M | -106.92M | -300.84M |
| 2023 | 381.20M | -157.56M | -221.67M |
ERIE Cash Flow Statement (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Cash at beginning of period | 142.09M | 183.70M | 161.24M | 336.73M | 266.41M | 215.72M | 189.07M | 182.88M | 91.74M | 452M |
Operating activities | ||||||||||
Net income | 446.06M | 298.56M | 297.86M | 293.30M | 316.82M | 288.22M | 196.99M | 210.36M | 174.67M | 168M |
| Adjustments to reconcile net income to cash generated by operating activities: | ||||||||||
Depreciation and amortization | 53.59M | 51.72M | 49.09M | 34.30M | 30.77M | 13.36M | 14.83M | 15.15M | 16.46M | 16M |
Stock-based compensation expense | 0 | 5M | 4M | 13.6M | 8.9M | 7.5M | 12.8M | 9.5M | 15.70M | 15.3M |
| Deferred income tax benefit | 0 | 5M | 4M | 13.6M | 8.9M | 7.5M | 12.8M | 9.5M | 15.70M | 15.3M |
| Changes in operating assets and liabilities: | ||||||||||
Accounts receivable, net | 0 | -47.81M | 15.35M | -29.46M | -11.97M | -7.47M | -64.94M | -24.64M | -13.28M | -159M |
Inventories | 0 | 47.81M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Accounts payable | 7.23M | 18.99M | 13.86M | -827K | 10.35M | 5.42M | 42.50M | 34.18M | 27.78M | 0 |
Cash generated by operating activities | 381.20M | 366.15M | 402.79M | 342.59M | 364.52M | 288.22M | 196.99M | 210.36M | 174.67M | 168M |
Investing activities | ||||||||||
Purchases Of Investments | -315.56M | -484.15M | -439.85M | -476.67M | -1.02B | -396.98M | -391.18M | -369.81M | -228.30M | -4.00B |
Investments In Property Plant And Equipment | -92.64M | -67.20M | -148.8M | -55.52M | -102.03M | -56.29M | -28.92M | -25.20M | -12.55M | -52M |
Acquisitions Net | 0 | 265K | 0 | 15K | 3.67M | 3.14M | 10.35M | 15.53M | 25.80M | 77M |
Cash generated by investing activities | -157.56M | -106.92M | -185.49M | -243.22M | -124.63M | -81.39M | -74.66M | -136.94M | 622K | -596M |
Financing activities | ||||||||||
Common Stock Issued | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Payments for dividends | -221.67M | -206.77M | -192.80M | -272.90M | -167.65M | -156.47M | -145.76M | -135.98M | -126.85M | -119M |
Repurchases of common stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -20M |
Repayments of term debt | 0 | -94.07M | -2.04M | -1.96M | -1.92M | -24.98M | 49.95M | -24.77M | 0 | 0 |
Cash used in financing activities | -221.67M | -300.84M | -194.84M | -274.86M | -169.57M | -131.49M | -95.81M | -111.20M | -126.85M | -121M |
Net Change In Cash | 1.96M | -41.61M | 22.46M | -175.49M | 70.32M | 50.69M | 26.64M | 6.18M | 91.14M | 62M |
Cash at end of period | 144.05M | 142.09M | 183.70M | 161.24M | 336.73M | 266.41M | 215.72M | 189.07M | 182.88M | 514M |
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