Erie Indemnity Revenue, Profits - ERIE Annual Income Statement

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$120.83 $1.99 (1.67%) ERIE stock closing price Jun 22, 2018 (Closing)

Fundamental analysis of ERIE stock involves analyzing its financial statements, apart from checking the Erie Indemnity stock price. The income statement gives the investor an understanding of the topline or revenue and bottomline or profit numbers of the company and helps investors evaluate if a company has been growing or not. Like any other income statement, the ERIE income statement also itemizes revenue/sales, operating expenses, and profits/bottomline for a quarter or year and reflects a YOY revenue growth of 5.96% when compared to the same period in the past. Along with Erie Indemnity assets and Erie Indemnity free cash flow, Erie Indemnity profits as shown in profit and loss statement give key insights about the business. The net profit for 2017 is $196.99M and the 2017 revenue is $1.69B.

View revenue and profit details for latest and last 10 financial years.
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Quarterly
Annual
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Fiscal year is Jan - Dec2017201620152014201320122011201020092008
Erie Indemnity Revenues or Net Sales
1.69B1.6B1.54B6.12B6.27B5.51B4.82B4.89B1.16B1.14B
Cost Of Goods Sold (COGS)947.48M893.8M847.88M5.29B4.7B4.61B4.47B3.87B199.47M186.38M
Erie Indemnity Gross Profit
744.29M702.83M691.33M830M1.57B899M358M1.02B956.78M950.84M
Research & Development Expense----------
Selling General & Admin Expense455.92M410.46M425.08M-----768.66M765.01M
Income Before Depreciation Depletion Amortization288.37M292.36M266.24M830M1.57B899M358M1.02B188.11M185.83M
Depreciation Depletion Amortization-------22M--
Non Operating Income28.56M27.82M-------36.04M-63.12M
Interest Expense1.23M---------
Erie Indemnity Pretax Income
315.69M320.09M266.24M830M1.57B899M358M999M152.07M122.7M
Provision for Income Taxes118.69M109.72M91.57M257M519M280M90M339M48.78M39.86M
MinorityInterest---405M885M459M99M498M--
Investment Gains Losses----------
Other Income--------5.2M-13.6M
Income Before Extraordinaries & Disc Operations196.99M210.36M174.67M573M1.05B619M268M660M108.49M69.23M
Extraordinary Items & Discontinued Operations----------
Erie Indemnity Profit/ Loss (Net Income)
196.99M210.36M174.67M168M163M160M169M162M108.49M69.23M
Average Shares used to compute Diluted EPS52.34M52.44M52.5M52.62M52.86M53.55M55.06M56.89M57.39M57.97M
Average Shares used to compute Basic EPS46.19M46.19M46.19M46.25M46.66M47.36M48.88M50.71M51.25M51.83M
Income Before Nonrecurring Items207.1M210.37M175.37M168M163M157M167M163M109.52M142.7M
Income from Nonrecurring Items-10.1M--0.69M--3M2M-1M-1.03M-73.46M
Erie Indemnity Earnings Per Share Basic Net
4.274.523.753.593.463.383.453.182.101.34
Erie Indemnity Earnings Per Share Diluted Net
3.764.013.333.183.082.993.082.851.891.19
EPS Diluted Before Nonrecurring Items3.954.013.343.183.082.923.042.871.912.46
Preferred Dividends Acc Pd----------
Dividends Common----------
Dividend Per Share Common3.132.193.452.541.784.802.061.441.832.21
All figures in USD. M: Millions of USD, B: Billions of USD.
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Before investing one should read a report on Erie Indemnity stock analysis. It helps to look at the following income statement items:

  • Topline: A growing topline, as seen from the Erie Indemnity revenue chart, as is the case with Erie Indemnity indicates a growing business. One needs to compare the YoY topline or sales growth of ERIE stock with its peers like AJG stock and BRO stock to see if the growth compares well with what can be expected from a company in that industry.
  • Bottom line: Most businesses like Erie Indemnity try to grow their profits by growing their topline and by increasing their operating efficiency. A healthy bottom line growth implies a good investment.

The income statement is also called the profit and loss statement. Apart from the ERIE income statement, one can check the Erie Indemnity historical stock prices to check how the price has moved with time.

Erie Indemnity Income Statement - Key Financial Ratios

PE Ratio (price earnings ratio)
29.4
PS Ratio (price sales ratio)
2.99
Operating Margin
13.6
Net Profit Margin
11.5
Dividend Yield
2.63%