The Progressive
Balance Sheet
Last updated:
The balance sheet is a financial statement presenting the value of assets, liabilities and equity of a company. How has The Progressive's balance sheet done over the years? Its assets were worth $88,690,800,000 last year, which is more than in the previous period. 77% of The Progressive’s total assets is currently financed by debt. Its liabilities reached the amount of $68,413,700,000, which means an increase by 26% compared compared to last year.
Debt to Assets
| 2014 | 25787600000 | 18.85B | 73.13% |
|---|---|---|---|
| 2015 | 29819300000 | 22.52B | 75.55% |
| 2016 | 33427500000 | 25.47B | 76.2% |
| 2017 | 38701200000 | 29.41B | 76.01% |
| 2018 | 46575000000 | 35.75B | 76.76% |
| 2019 | 54895300000 | 41.22B | 75.09% |
| 2020 | 64098300000 | 47.05B | 73.42% |
| 2021 | 71132300000 | 52.90B | 74.37% |
| 2022 | 70233900000 | 54.34B | 77.37% |
| 2023 | 88690800000 | 68.41B | 77.14% |
PGR Balance Sheet (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Assets | ||||||||||
Current assets: | ||||||||||
Cash and cash equivalents | 84.9M | 220.9M | 187.1M | 76.5M | 226.2M | 69.5M | 265M | 211.5M | 224.4M | 108.4M |
Short term investments | 11.35B | 8.73B | 44.81B | 42.02B | 34.90B | 29.90B | 23.07B | 19.81B | 17.50B | 15.69B |
Net receivables | 0 | 16.24B | 14.38B | 12.17B | 10.88B | 6.49B | 0 | 4.50B | 0 | 0 |
Inventory | 0 | -25.20B | -16.44B | -19.47B | -9.94B | 69.5M | 265M | 211.5M | 224.4M | 108.4M |
Other current assets | 0 | 19.65B | 16.25B | 19.39B | 9.71B | -28.11B | 203.3M | -16.24B | 199.3M | 85.3M |
Total current assets | 84.9M | 19.65B | 59.19B | 54.20B | 45.79B | 8.36B | 8.55B | 8.29B | 6.38B | 5.79B |
Non-current assets: | ||||||||||
Property, Plant and Equipment | 1.05B | 1.16B | 1.13B | 1.10B | 1.21B | 1.13B | 1.11B | 1.17B | 1.03B | 960.6M |
Goodwill | 227.9M | 227.9M | 452.7M | 452.7M | 452.7M | 452.7M | 452.7M | 449.4M | 447.6M | 1.6M |
Intangible assets | 0 | 314.2M | 117.3M | 171.4M | 228.3M | 294.6M | 366.6M | 432.8M | 494.9M | 468.5M |
Long term investments | 0 | 53.54B | 51.51B | 47.53B | 39.25B | 33.56B | 27.27B | 23.48B | 20.93B | 19.01B |
Other non-current assets | 59.19B | -6.70B | -65 | -86.9M | -70.3M | 2.69B | 863.60M | -505.1M | 427.6M | 14.1M |
Total non-current assets | 60.47B | 50.58B | 53.22B | 49.26B | 41.14B | 38.21B | 30.14B | 25.13B | 23.43B | 19.99B |
Total assets | 88.69B | 70.23B | 71.13B | 64.09B | 54.89B | 46.57B | 38.70B | 33.42B | 29.81B | 25.78B |
Liabilities | ||||||||||
| Current liabilities: | ||||||||||
Accounts payable | ||||||||||
Deferred revenue | 0 | 0 | 0 | 19.10B | 0 | 0 | -14.64B | 0 | 0 | 0 |
Short term debt | 0 | 0 | 0 | 500M | 499.4M | 4.40B | 0 | 0 | 0 | 0 |
Total current liabilities | 0 | 24.53B | 21.24B | 19.60B | 16.32B | 31.34B | 11.51B | 0 | 19.82B | 16.69B |
| Non-current liabilities: | ||||||||||
Long term debt | 6.88B | 6.38B | 4.89B | 5.39B | 4.40B | 4.40B | 3.30B | 3.14B | 2.70B | 2.16B |
Deferred tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other non-current liabilities | 27.55B | 5.39B | 5.88B | 7.47B | 5.79B | -4.40B | 11.47B | 0 | 9.37B | 7.90B |
Total non-current liabilities | 34.44B | 29.80B | 27.37B | 24.11B | 21.60B | 4.40B | 15.52B | 0 | 2.70B | 2.16B |
Total liabilities | 68.41B | 54.34B | 52.90B | 47.05B | 41.22B | 35.75B | 29.41B | 25.47B | 22.52B | 18.85B |
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