Erie Indemnity Company (ERIE)

Erie Indemnity Company Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	197.67	144.06	142.09	183.7	161.24	336.74
Short-Term Investments	48.58	82.02	24.27	38.4	17.72	35.19
Cash & Short-Term Investments	246.24	226.07	166.36	222.1	178.96	371.93
Cash Growth	42.59%	35.90%	-25.10%	24.11%	-51.88%	-44.38%
Accounts Receivable	747.43	634.8	533.24	485.43	500.78	474.07
Other Receivables	-	-	-	-	-	0.46
Receivables	839.07	702.58	602.71	485.43	500.78	481.25
Prepaid Expenses	-11.5	1.53	9.73	56.21	52.56	38.23
Total Current Assets	1,097	930.19	778.8	763.73	732.3	891.4
Property, Plant & Equipment	480.71	442.61	413.87	374.8	265.34	243.78
Long-Term Investments	1,099	963.48	942.95	995.43	1,005	790.85
Long-Term Deferred Tax Assets	-	-	-	0.15	12.34	17.19
Other Long-Term Assets	107.66	77.25	43.3	49.27	40.08	12.04
Total Assets	2,864	2,472	2,239	2,242	2,117	2,016
Accounts Payable	194.65	170.89	163.19	136.29	149.95	122.49
Accrued Expenses	502.25	437.5	409.95	405.85	390.57	371.08
Current Portion of Long-Term Debt	-	-	-	2.1	2.03	1.98
Current Portion of Leases	-	-	-	-	-	11.29
Current Unearned Revenue	42.75	41.21	36.55	34.94	36.92	35.94
Other Current Liabilities	59.38	59.38	55.42	51.69	48.2	44.94
Total Current Liabilities	806.94	708.98	665.11	630.86	627.67	587.71
Long-Term Debt	-	-	-	91.73	93.83	95.84
Long-Term Leases	-	-	-	-	-	10.67
Long-Term Unearned Revenue	21.22	19.91	17.9	17.69	18.88	18.44
Long-Term Deferred Tax Liabilities	12.78	11.48	14.08	-	-	-
Other Long-Term Liabilities	47.5	42.5	42.74	28.91	24.35	24.67
Total Liabilities	916.19	809.13	791.05	899.58	929.07	882.99
Common Stock	2.17	2.17	2.17	2.17	2.17	2.17
Additional Paid-In Capital	16.47	16.47	16.48	16.5	16.49	16.48
Retained Earnings	3,074	2,804	2,583	2,495	2,394	2,378
Treasury Stock	-1,169	-1,169	-1,169	-1,168	-1,164	-1,159
Comprehensive Income & Other	24.2	9.68	15.45	-3.55	-60.56	-104.05
Total Common Equity	1,948	1,663	1,448	1,342	1,188	1,133
Shareholders' Equity	1,948	1,663	1,448	1,342	1,188	1,133
Total Liabilities & Equity	2,864	2,472	2,239	2,242	2,117	2,016
Total Debt	7.91	-	-	93.83	95.86	119.78
Net Cash (Debt)	238.34	226.07	166.36	128.27	83.09	252.16
Net Cash Growth	38.01%	35.90%	29.70%	54.37%	-67.05%	-55.69%
Net Cash Per Share	5.16	4.89	3.60	2.78	1.59	4.82
Filing Date Shares Outstanding	52.29	52.29	52.29	52.29	52.29	52.29
Total Common Shares Outstanding	52.29	52.29	52.29	52.29	52.29	52.29
Working Capital	290.42	221.21	113.69	132.87	104.63	303.69
Book Value Per Share	37.25	31.80	27.70	25.67	22.72	21.67
Tangible Book Value	1,948	1,663	1,448	1,342	1,188	1,133
Tangible Book Value Per Share	37.25	31.80	27.70	25.67	22.72	21.67
Land	-	216.58	213.26	211.62	121.33	5.07
Machinery	-	68.39	65.22	63.99	58.42	16.48
Construction In Progress	-	87.27	63.32	34.57	47.28	145.79
Leasehold Improvements	-	1.38	1.39	1.34	1.31	1.31

Source: S&P Capital IQ. Standard template. Financial Sources.