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Erie Indemnity Company ERIE Short-Term Borrowings

Discontinued — last reported Q2 '22

Short-Term Borrowings at other companies

Mid Penn Bancorp logo
Mid Penn BancorpMPB
$137.5M

Other financials

Income statement

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Revenue$1.0B+2.3%
Operating income$166.8M+10.2%
Net income$150.5M+8.7%
EPS (diluted)$2.88+8.7%

Balance sheet

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Cash & equivalents$268.6M+3.2%
Total debt$40.0M
Total equity$2.4B+13.8%
Total assets$3.4B+13.8%

Cash flow

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Operating cash flow$91.9M-22.2%
CapEx$37.4M+26.1%
Free cash flow$54.5M-38.4%

Valuation

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Market cap$13.11B-30.1%
P/E23×-7.1×
P/S3.2×-1.5×

Profitability

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Operating margin17.9%+0.3pp
Net margin14%-1.8pp
FCF margin13.1%+0.1pp

Returns & leverage

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Return on equity25.8%-6.5pp
Debt / equity
Current ratio1.3×-0.1×

Where this comes from

Reported directly by Erie Indemnity Company in its filing.

Tagged under the XBRL concept us-gaap:ShortTermBorrowings.

The source filing: Erie Indemnity Company’s 10-Q, filed July 28, 2022.

Filed
Jul 28, 2022, 4:31 PM EDT
Fiscal quarter
Q2 FY2022
Calendar quarter
Q2 2022
Accession
0000922621-22-000032
AssetsJune 30, 2022 / (Unaudited)December 31, 2021
Dividends payable51,69351,693
Contract liability35,83634,935
Deferred executive compensation6,04512,637
Short-term borrowings40,000
Current portion of long-term borrowings2,098
Total current liabilities636,565630,863
Defined benefit pension plans148,078130,383
Long-term borrowings91,734

Item 1. Financial Statements (Unaudited)

FAQ

What is Erie Indemnity Company's short-term borrowings?
Erie Indemnity Company (ERIE) reported short-term borrowings of $40M in Q2 2022.
What does short-term borrowings mean?
Bank lines of credit, revolving credit facilities, and other short-term debt instruments with maturities under one year.

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