| Income Statement for Progressive Corp. |
| (Amounts are in millions) |
|
12/2009 |
|
12/2008 |
|
12/2007 |
|
|
Press Release |
|
Press Release |
|
Press Release |
| Net Sales or Revenues |
|
$14,563.60 |
|
$12,840.10 |
|
$14,686.80 |
| Cost of Goods Sold |
|
$9,924.30 |
|
$12,896.50 |
|
$9,926.20 |
|
|
 |
|
|
|
|
| Gross Profit |
|
$4,639.30 |
|
($56.40) |
|
$4,760.60 |
| |
|
|
|
|
|
|
| Research & Development Expense |
|
N/A |
|
$0.00 |
|
$0.00 |
| Selling, General, & Admin. Expense |
|
$2,943.40 |
|
$0.00 |
|
$2,959.00 |
|
|
|
|
|
|
|
| Income Before Depreciation |
|
$1,695.90 |
|
($56.40) |
|
$1,801.60 |
| |
|
|
|
|
|
|
| Depreciation, Depletion, Amortization |
|
N/A |
|
$0.00 |
|
$0.00 |
| Non-Operating Income |
|
N/A |
|
($29.20) |
|
$0.00 |
| Interest Expense |
|
$139.00 |
|
$136.70 |
|
$108.60 |
|
|
|
|
|
|
|
| Pretax Income |
|
$1,556.90 |
|
($222.30) |
|
$1,693.00 |
| |
|
|
|
|
|
|
| Provision for Income Taxes |
|
$499.40 |
|
($152.30) |
|
$510.50 |
| Minority Interest |
|
N/A |
|
$0.00 |
|
$0.00 |
| Investment Gains (Losses) |
|
N/A |
|
$0.00 |
|
$0.00 |
| Other Income |
|
N/A |
|
$0.00 |
|
$0.00 |
|
|
|
|
|
|
|
| Income Before Extraordinaries |
|
$1,057.50 |
|
($70.00) |
|
$1,182.50 |
| |
|
|
|
|
|
|
| Extraordinary Items & Disc. Operations |
|
$0.00 |
|
$0.00 |
|
$0.00 |
|
|
|
|
|
|
|
| Net Income |
|
$1,057.50 |
|
($70.00) |
|
$1,182.50 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
| Basic Earnings Per Share |
|
$1.59 |
|
($0.10) |
|
$1.66 |
| Diluted Earnings Per Share |
|
$1.57 |
|
($0.10) |
|
$1.65 |
| |
|
|
|
|
|
|
| Weighted Average Basic Shares Outstanding |
|
666.80 |
|
668.00 |
|
710.40 |
| Weighted Average Diluted Shares Outstanding |
|
672.20 |
|
673.90 |
|
718.50 |
| |
|
|
|
|
|
|
| Income Before Non-Recurring Items |
|
$1,039.89 |
|
$854.74 |
|
$1,182.50 |
| Income From Non-Recurring Items |
|
$17.61 |
|
($924.74) |
|
$0.00 |
| Diluted Earnings Per Share before extras |
|
$1.55 |
|
$1.27 |
|
$1.65 |
| |
|
|
|
|
|
|
| Dividend (preferred) |
|
N/A |
|
N/A |
|
N/A |
| Dividend (common) |
|
$0.00 |
|
$98.01 |
|
$1,368.40 |
| Dividend Per Share (common) |
|
$0.00 |
|
$0.14 |
|
$2.00 |
|
