The Progressive Corporation (PGR)

PGR Cash Flow Statement

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

Year	2023	2022	2021	2020	2019
Net Income	3,865	694.6	3,324	5,678	3,943
Depreciation & Amortization	299.7	336.6	337.4	331.8	306.1
Share-Based Compensation	121.3	122.7	100.7	89.4	90.2
Other Operating Activities	6,320	5,668	3,973	779.8	1,895
Operating Cash Flow	10,643	6,849	7,762	6,906	6,262
Operating Cash Flow Growth	55.40%	-11.76%	12.40%	10.28%	-0.37%
Capital Expenditures	-204.8	-256.9	-177.3	-201.6	-310.2
Acquisitions	0	0	-313.2	0	0
Change in Investments	-10,626.6	-7,521.5	-2,677.2	-5,999.7	-4,034.1
Other Investing Activities	-11.2	-177.8	47.9	83.6	6
Investing Cash Flow	-10,842.6	-7,956.2	-3,119.8	-6,117.7	-4,338.3
Dividends Paid	-234	-234	-3,746.5	-1,551	-1,643.2
Share Issuance / Repurchase	-140.7	-99	-223	-104.3	-89.7
Debt Issued / Paid	496.3	1,486	-520	986.3	0
Other Financing Activities	-43.6	-26.8	-26.8	-269.8	-38
Financing Cash Flow	78	1,126	-4,516.3	-938.8	-1,770.9
Net Cash Flow	-121.3	18.8	125.6	-150.9	152.4
Free Cash Flow	10,439	6,592	7,584	6,704	5,951
Free Cash Flow Growth	58.35%	-13.09%	13.13%	12.65%	-1.27%
Free Cash Flow Margin	16.81%	13.29%	15.90%	15.72%	15.25%
Free Cash Flow Per Share	17.85	11.28	12.98	11.46	10.19

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).