PROGRESSIVE CORP/OH/ (PGR) FY2024 Q3 Statement of Cash Flows
2024-07-01 to 2024-09-30
Statement of Cash Flows
2024-07-01 to 2024-09-30
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Chart details
PROGRESSIVE CORP/OH/ cash flow reconciliation, Jul 1, 2024 through Sep 30, 2024
Cash flows for Jul 1, 2024 through Sep 30, 2024. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Jun 30, 2024. Ending cash: Sep 30, 2024. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.
- Beginning cash on Jun 30, 2024
- 101,700,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
- Operating activities
- 4,610,500,000 US dollars. Net cash provided.
- Net income
- 2,333,400,000 US dollars
- Depreciation
- 70,700,000 US dollars
- Net amortization (accretion) of fixed-income securities
- negative 3,400,000 US dollars
- Amortization of equity-based compensation
- 37,300,000 US dollars
- Net realized (gains) losses on securities
- negative 287,400,000 US dollars
- Net (gains) losses on disposition of property and equipment
- negative 800,000 US dollars
- Premiums receivable
- negative 590,900,000 US dollars
- Reinsurance recoverables
- negative 100,000 US dollars
- Prepaid reinsurance premiums
- 66,800,000 US dollars
- Deferred acquisition costs
- negative 93,300,000 US dollars
- Income taxes
- negative 25,600,000 US dollars
- Unearned premiums
- 1,092,100,000 US dollars
- Loss and loss adjustment expense reserves
- 1,456,300,000 US dollars
- Accounts payable, accrued expenses, and other liabilities
- 542,600,000 US dollars
- Other, net
- 12,800,000 US dollars
- Investing activities
- negative 4,420,800,000 US dollars. Net cash used.
- Fixed maturities
- negative 11,303,100,000 US dollars
- Equity securities
- negative 78,000,000 US dollars
- Fixed maturities
- 4,895,300,000 US dollars
- Equity securities
- 123,500,000 US dollars
- Fixed maturities
- 1,515,000,000 US dollars
- Equity securities
- 86,900,000 US dollars
- Net (purchases) sales of short-term investments
- negative 16,800,000 US dollars
- Net change in unsettled security transactions
- 394,400,000 US dollars
- Purchases of property and equipment
- negative 56,700,000 US dollars
- Sales of property and equipment
- 18,700,000 US dollars
- Financing activities
- negative 144,400,000 US dollars. Net cash used.
- Redemption of Serial Preferred Shares, Series B
- 0 US dollars
- Dividends paid to common shareholders
- negative 58,600,000 US dollars
- Dividends paid to preferred shareholders
- 0 US dollars
- Acquisition of treasury shares for equity award tax liabilities
- negative 82,800,000 US dollars
- Net proceeds from debt issuances
- 0 US dollars
- Acquisition of treasury shares acquired in open market
- negative 3,000,000 US dollars
- Operating adjustment reconciliation
- 3,278,600,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
- financing gross reconciliation
- 144,400,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
- investing gross reconciliation
- 11,454,600,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
- Exchange-rate effect
- 0 US dollars
- Ending cash on Sep 30, 2024
- 147,000,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
- Cash sources and uses
- 4,712,200,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
- Net cash change
- 45,300,000 US dollars. Ending cash minus beginning cash.
- Cash flow / Net income
- 1.98×. Operating cash flow divided by reconciliation net income for the same period. Black from 0.90× through 1.10×; green above 1.10×; red below 0.90×. Color uses the unrounded ratio.
- Operating cash flow
- 4,610,500,000 US dollars. Operating cash flow used in the free cash flow calculation.
- Cash purchases of property, plant and equipment
- 56,700,000 US dollars. These cash purchases are already included in investing activities above.
- Free cash flow
- 4,553,800,000 US dollars. A supplemental measure; finance-lease payments are excluded from this definition.
Chart connections
- Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
- Financing contributions meet at a reconciliation junction before connecting to the net cash total.
- Investing contributions meet at a reconciliation junction before connecting to the net cash total.
- Operating reconciliation adjustments are not all independent cash receipts.
- Net income enters operating cash directly in the reconciliation. The adjustment junction contributes the remaining $2.28B after reconciling the other positive and negative adjustments. These connections depict an accounting reconciliation, not traced cash receipts.
- Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
- The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
- Operating cash flow minus cash purchases of property, plant and equipment equals free cash flow: 4,610,500,000 US dollars minus 56,700,000 US dollars equals 4,553,800,000 US dollars.
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