Financial Statements

The Progressive Corporation (PGR)

$135.07

+0.16 (+0.12%)
Income Statement
Balance Sheet
Cash Flow

Income Statement

All numbers are in thousands

Retained Earning Schedule

Year 2021 2020 2019 2018 2017
Retained Earnings (Previous Year) 13,35510,6808,3876,032-
Net Income 3,3515,7053,9702,6151,592
Stock Dividends 2,407-1,452-74084,835
Dividend Paid -3,773-1,578-1,670-668-395
Retained Earnings 15,34013,35510,6808,3876,032

PPE Schedule

Year 2021 2020 2019 2018 2017
Gross PPE 1,1061,2141,1321,120-
Annual Depreciation 2751164462781,275
Capital Expenditure -244-224-364-266-156
Net PPE 1,1371,1061,2141,1321,120

Intangible and Goodwill Schedule

Year 2021 2020 2019 2018 2017
Intangible and Goodwill (Previous Year) -453453453453
New Purchases -14,843-21,692-29,145-36,382-34,016
Intangible and Goodwill 453453453453453

The Progressive Corporation income statement is the only one that provides an overview of company sales and net income
The reasoning behind the adjustment, however, is that free cash flow is meant to measure money being spent right now, not transactions that happened in the past. This makes The Progressive Corporation FCF a useful instrument for identifying growing companies with high up-front costs, which may eat into earnings now but have the potential to pay off later.