The Progressive Corporation
Cash Flow Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $1.59B | $1.03B | $1.27B | $1.28B | $1.17B | $902.3M | $1.02B | $1.07B |
| Depreciation & Amortization | — | — | — | — | — | — | — | — |
| Depreciation | $169.9M | $137.4M | $103.7M | $97.1M | $101.3M | $94.4M | $88.5M | $83.1M |
| Amortization | $66.2M | $62.1M | $46.8M | $0 | $0 | — | — | — |
| Stock-Based Compensation | — | — | — | — | — | — | — | — |
| Net Cash from Operating Activities | $3.76B | $2.73B | $2.29B | $1.73B | $1.90B | $1.69B | $1.50B | $1.68B |
| Investing Activities | ||||||||
| Capital Expenditures | $155.7M | $215.0M | $130.7M | $108.1M | $140.4M | $127.7M | $78.9M | $64.7M |
| Business Acquisitions | $18.1M | $0 | $752.7M | $0 | $0 | — | — | — |
| Net Cash from Investing Activities | $-3.41B | $-2.48B | $-1.92B | $-836.9M | $-1.36B | $-264.9M | $-744.9M | $-486.5M |
| Financing Activities | ||||||||
| Dividends Paid | $395.4M | $519.0M | $403.6M | $892.6M | $175.6M | $853.7M | $263.6M | $763.7M |
| Stock Repurchases | — | $192.5M | $208.5M | $271.4M | $273.4M | $174.2M | $997.8M | $258.6M |
| Net Cash from Financing Activities | $-300.9M | $-250.4M | $-252.8M | $-855.4M | $-646.8M | $-1.40B | $-755.7M | $-1.20B |
| Net Change in Cash | $48.9M | $-12.6M | $115.7M | $33.3M | $-104.0M | $23.4M | $-3.2M | $-1.8M |
| Free Cash Flow | $3.60B | $2.52B | $2.16B | $1.62B | $1.76B | $1.56B | $1.42B | $1.61B |