Erie Indemnity Company (ERIE)
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Fiscal Year End Date: 12/31
(Values in U.S. thousands)
| 12-2023 | 12-2022 | 12-2021 | 12-2020 | 12-2019 | |
| Cash Flows From Operating Activities | |||||
| Net Income | 446,061 | 298,569 | 297,860 | 293,304 | 316,821 |
| Depreciation Amortization | 53,592 | 51,720 | 49,097 | 34,303 | 30,772 |
| Income taxes - deferred | -1,002 | 9,468 | -1,854 | -5,162 | 3,349 |
| Other Working Capital | -154,572 | -33,183 | 90,961 | 9,790 | 20,416 |
| Other Operating Activity | 37,126 | 39,578 | -33,270 | 10,360 | -6,831 |
| Operating Cash Flow | $381,205 | $366,152 | $402,794 | $342,595 | $364,527 |
| Cash Flows From Investing Activities | |||||
| PPE Investments | -92,647 | -66,939 | -148,800 | -55,513 | -101,262 |
| Purchase Of Investment | -315,567 | -484,157 | -439,854 | -476,674 | -1,024,658 |
| Sale Of Investment | 262,560 | 447,282 | 400,167 | 291,588 | 1,010,976 |
| Other Investing Activity | -11,911 | -3,108 | 2,997 | -2,626 | -9,690 |
| Investing Cash Flow | $-157,565 | $-106,922 | $-185,490 | $-243,225 | $-124,634 |
| Cash Flows From Financing Activities | |||||
| Debt Issued | N/A | 55,000 | N/A | N/A | N/A |
| Debt Repayment | N/A | -149,070 | -2,041 | -1,967 | -1,920 |
| Dividend Paid | -221,675 | -206,772 | -192,801 | -272,902 | -167,651 |
| Financing Cash Flow | $-221,675 | $-300,842 | $-194,842 | $-274,869 | $-169,571 |
| Beginning Cash Position | 142,090 | 183,702 | 161,240 | 336,739 | 266,417 |
| End Cash Position | 144,055 | 142,090 | 183,702 | 161,240 | 336,739 |
| Net Cash Flow | $1,965 | $-41,612 | $22,462 | $-175,499 | $70,322 |
| Free Cash Flow | |||||
| Operating Cash Flow | 381,205 | 366,152 | 402,794 | 342,595 | 364,527 |
| Capital Expenditure | -92,647 | -67,204 | -148,800 | -55,528 | -102,039 |
| Free Cash Flow | 288,558 | 298,948 | 253,994 | 287,067 | 262,488 |