Cash flow Mercury General Corporation

Equities

MCY

US5894001008

Property & Casualty Insurance

Market Closed - Nyse Other stock markets 04:00:02 2025-07-08 pm EDT			5-day change	1st Jan Change
65.90 ^USD	-0.29%		-1.66%	-0.87%

Jun. 30	Mercury General Corporation(NYSE:MCY) dropped from Russell 2000 Growth-Defensive Index	CI
Jun. 30	Mercury General Corporation(NYSE:MCY) dropped from Russell 2000 Dynamic Index	CI

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Published financial data: MERCURY GENERAL CORPORATION

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Premiums and Annuity Revenues	3.56B	3.74B	3.95B	4.27B	5.08B
Total Interest And Dividend Income	135M	130M	168M	235M	280M
Gain (Loss) on Sale of Assets, Total (Rev)	-	-	-	-	14.8M
Gain (Loss) on Sale of Investments, Total (Rev)	85.73M	112M	-488M	101M	88.67M
Other Revenues, Total	8.29M	10.02M	10.31M	19.61M	16.72M
Total Revenues	3.78B	3.99B	3.64B	4.63B	5.48B
Policy Benefits	2.4B	2.76B	3.36B	3.52B	3.68B
Policy Acquisition / Underwriting Costs, Total	590M	583M	643M	700M	837M
Selling General & Admin Expenses, Total	55.51M	67.45M	28.73M	21.67M	31.04M
Stock-Based Compensation (IS)	-	-	-	-	4.6M
Other Operating Expenses	268M	266M	263M	267M	312M
Total Operating Expenses	3.31B	3.68B	4.3B	4.51B	4.87B
Operating Income	476M	316M	-653M	124M	606M
Interest Expense, Total	-17.05M	-17.11M	-17.23M	-24.17M	-30.82M
EBT, Excl. Unusual Items	459M	299M	-671M	99.43M	575M
Gain (Loss) on Sale of Assets	-	-	-	-	-
EBT, Incl. Unusual Items	459M	299M	-671M	99.43M	575M
Income Tax Expense	83.89M	51.37M	-158M	3.09M	107M
Earnings From Continuing Operations	375M	248M	-513M	96.34M	468M
Net Income to Company	375M	248M	-513M	96.34M	468M
Net Income - (IS)	375M	248M	-513M	96.34M	468M
Net Income to Common Incl Extra Items	375M	248M	-513M	96.34M	468M
Net Income to Common Excl. Extra Items	375M	248M	-513M	96.34M	468M
Per Share Items
Net EPS - Basic	6.77	4.48	-9.26	1.74	8.45
Basic EPS - Continuing Operations	6.77	4.48	-9.26	1.74	8.45
Basic Weighted Average Shares Outstanding	55.36M	55.37M	55.37M	55.37M	55.37M
Net EPS - Diluted	6.77	4.48	-9.26	1.74	8.45
Diluted EPS - Continuing Operations	6.77	4.48	-9.26	1.74	8.45
Diluted Weighted Average Shares Outstanding	55.36M	55.37M	55.37M	55.37M	55.38M
Normalized Basic EPS	5.18	3.38	-7.57	1.12	6.49
Normalized Diluted EPS	5.18	3.38	-7.57	1.12	6.49
Dividend Per Share	2.52	2.53	1.9	1.27	1.27
Payout Ratio	37.28	56.56	-20.57	73	15.03
Supplemental Items
EBITDA	544M	395M	-571M	196M	679M
EBITA	477M	318M	-652M	124M	607M
EBIT	476M	316M	-653M	124M	606M
EBITDAR	562M	413M	-555M	208M	689M
Total Revenues (As Reported)	3.78B	3.99B	3.64B	4.63B	5.48B
Effective Tax Rate - (Ratio)	18.3	17.16	23.56	3.11	18.6
Current Domestic Taxes	70.73M	38.93M	-61.57M	-6.8M	120M
Current Foreign Taxes	-	-	-	-	6K
Total Current Taxes	70.73M	38.93M	-61.57M	-6.8M	120M
Deferred Domestic Taxes	13.17M	12.44M	-96.47M	9.89M	-12.84M
Total Deferred Taxes	13.17M	12.44M	-96.47M	9.89M	-12.84M
Normalized Net Income	287M	187M	-419M	62.14M	359M
Interest on Long-Term Debt	13K	25K	54K	40K	126K
Supplemental Operating Expense Items
Advertising Expense	38M	50.1M	11.8M	8.9M	20.8M
Selling and Marketing Expenses	38M	50.1M	11.8M	8.9M	20.8M
Net Rental Expense, Total	17.51M	17.34M	16.44M	11.98M	9.77M
Imputed Operating Lease Interest Expense	5.69M	5.72M	5.43M	4.56M	4.08M
Imputed Operating Lease Depreciation	11.82M	11.62M	11.01M	7.41M	5.69M
Stock-Based Comp., Other (Total)	142K	141K	15K	-	4.6M
Total Stock-Based Compensation	142K	141K	15K	-	4.6M

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Investment In Debt Securities	3.55B	4.03B	4.09B	4.32B	4.91B
Investment In Equity and Preferred Securities, Total	804M	971M	700M	731M	879M
Total Other Investments	376M	140M	123M	178M	284M
Total investments	4.73B	5.14B	4.91B	5.23B	6.08B
Cash And Equivalents	348M	336M	290M	551M	720M
Reinsurance Recoverable - (IS)	48.49M	45M	25.9M	31.95M	28.61M
Other Receivables - (Insurance Template)	649M	687M	685M	701M	852M
Deferred Policy Acquisition Costs - (BS)	247M	258M	266M	294M	335M
Gross Property Plant And Equipment	509M	537M	513M	471M	476M
Accumulated Depreciation	-286M	-310M	-318M	-302M	-321M
Net Property Plant And Equipment	223M	227M	196M	169M	155M
Goodwill	42.8M	42.8M	42.8M	42.8M	42.8M
Other Intangibles, Total	11.32M	10.26M	9.21M	8.33M	7.68M
Other Current Assets, Total	-	-	-	10.8M	11.7M
Deferred Tax Assets Long-Term (Collected)	-	-	42.9M	33.01M	45.85M
Deferred Charges Long-Term	4.8M	3M	2M	1M	-
Other Long-Term Assets, Total	25M	21.47M	43.4M	33.14M	35.72M
Total Assets	6.33B	6.77B	6.51B	7.1B	8.31B
Liabilities
Accounts Payable, Total	194M	169M	152M	175M	242M
Insurance And Annuity Liabilities	1.99B	2.23B	2.58B	2.79B	3.15B
Unearned Premiums	1.41B	1.52B	1.55B	1.74B	2.04B
Current Portion of Long-Term Debt	-	-	-	-	-
Current Portion of Leases	15.99M	15.7M	11.34M	8.73M	7.64M
Long-Term Debt	373M	373M	398M	574M	574M
Long-Term Leases	30.67M	22.01M	14.16M	8.34M	8.46M
Current Income Taxes Payable	10.43M	-	-	-	20.75M
Other Current Liabilities - (Brok / FS / Ins. / REIT Template)	-	301K	162K	1.96M	213K
Deferred Tax Liability Non-Current	41.13M	53.57M	-	-	-
Other Non Current Liabilities	233M	252M	286M	266M	319M
Total Liabilities	4.3B	4.63B	4.99B	5.56B	6.36B
Common Stock, Total	98.97M	98.94M	98.95M	98.95M	99.7M
Additional Paid In Capital	-	-	-	-	-
Retained Earnings	1.93B	2.04B	1.42B	1.45B	1.85B
Total Common Equity	2.03B	2.14B	1.52B	1.55B	1.95B
Total Equity	2.03B	2.14B	1.52B	1.55B	1.95B
Total Liabilities And Equity	6.33B	6.77B	6.51B	7.1B	8.31B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	55.36M	55.37M	55.37M	55.37M	55.39M
ECS Total Common Shares Outstanding	55.36M	55.37M	55.37M	55.37M	55.39M
Book Value / Share	36.72	38.65	27.49	27.96	35.14
Tangible Book Value	1.98B	2.09B	1.47B	1.5B	1.9B
Tangible Book Value Per Share	35.74	37.7	26.55	27.04	34.23
Total Debt	419M	411M	424M	591M	590M
Net Debt	70.71M	75.08M	134M	39.9M	-130M
Debt Equivalent Oper. Leases	140M	139M	132M	95.8M	78.14M
Account Code - Inventory Valuation	3	-	-	-	3
Land - (BS)	18.15M	18.15M	18.15M	9.71M	6.66M
Buildings, Total	139M	142M	106M	65.41M	35.6M
Machinery, Total	46.45M	48.51M	45.83M	30.86M	29.29M
Full Time Employees	4.3K	4.3K	4.3K	4.1K	4.2K

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	375M	248M	-513M	96.34M	468M
Depreciation, Depletion & Amortization	67.46M	77.96M	81.39M	71.34M	72.53M
Amortization of Goodwill and Intangible Assets - (CF)	1M	1.1M	1M	900K	900K
Total Depreciation, Depletion & Amortization	68.46M	79.06M	82.39M	72.24M	73.43M
(Gain) Loss On Sale of Asset - (CF)	-	-	-	-5.88M	-13.69M
(Gain) Loss on Sale of Investments - (CF)	-85.73M	-112M	488M	-101M	-88.67M
Deferred Policy Acquisition Costs - (CF)	-13.83M	-11.26M	-8.22M	-27.37M	-41.49M
Stock-Based Compensation (CF)	142K	141K	-	-	-
Tax Benefit from Stock Options	-	-	-	-	-
Change in Accounts Receivable	13.95M	-26.67M	49.63M	-35.62M	-89.05M
Reinsurance Recoverable - (CF)	30.13M	3.49M	19.1M	-6.05M	3.33M
Change in Accounts Payable	51.99M	-26.72M	-15.84M	23.16M	67.14M
Change in Unearned Revenues	50.33M	114M	25.84M	190M	304M
Change In Income Taxes	31.24M	-18.1M	-132M	60.94M	11.99M
Change in insurance Reserves / Liabilities	70.05M	235M	358M	201M	366M
Change in Other Net Operating Assets (Collected)	-	-	-	-	-
Other Operating Activities	14.29M	16.32M	-2.7M	-14.58M	-24.33M
Cash from Operations	606M	502M	353M	453M	1.04B
Capital Expenditure	-39.95M	-41.44M	-35.51M	-36.81M	-46.14M
Sale of Property, Plant, and Equipment	-	-	-	29.88M	12.71M
Cash Acquisitions	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	-393M	-350M	-309M	-262M	-807M
Other Investing Activities, Total	21.45M	17.42M	27.88M	-26.06M	43.74M
Cash from Investing	-411M	-374M	-316M	-295M	-797M
Long-Term Debt Issued, Total	-	-	25M	175M	-
Total Debt Issued	-	-	25M	175M	-
Long-Term Debt Repaid, Total	-609K	-825K	-1.5M	-1.1M	-1.53M
Total Debt Repaid	-609K	-825K	-1.5M	-1.1M	-1.53M
Issuance of Common Stock	-	215K	-	-	752K
Common Dividends Paid	-140M	-140M	-105M	-70.32M	-70.33M
Common & Preferred Stock Dividends Paid	-140M	-140M	-105M	-70.32M	-70.33M
Other Financing Activities, Total	-	-	-	-	-
Cash from Financing	-140M	-141M	-81.99M	104M	-71.11M
Net Change in Cash	54.08M	-12.92M	-45.78M	261M	169M
Supplemental Items
Cash Interest Paid	16.6M	16.62M	16.66M	23M	30.08M
Cash Income Tax Paid (Refund)	52.66M	69.47M	-26.54M	-57.85M	94.94M
Net Debt Issued / Repaid	-609K	-825K	23.5M	174M	-1.53M
Levered Free Cash Flow	1.84B	1.87B	1.23B	1.9B	2.34B
Unlevered Free Cash Flow	1.85B	1.88B	1.24B	1.92B	2.36B
Change In Net Working Capital	-1.52B	-1.64B	-1.6B	-1.8B	-1.94B

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	4.87	3.02	-6.15	1.13	4.91
Return on Total Capital	12.72	7.91	-18.16	3.78	16.19
Return On Equity %	19.55	11.88	-28	6.28	26.78
Return on Common Equity	19.55	11.88	-28	6.28	26.78
Margin Analysis
Gross Profit Margin %	21.12	16.27	-9.94	8.9	17.42
SG&A Margin	1.47	1.69	0.79	0.47	0.57
EBITDA Margin %	14.37	9.9	-15.68	4.23	12.4
EBITA Margin %	12.59	7.95	-17.91	2.69	11.08
EBIT Margin %	12.57	7.92	-17.94	2.67	11.06
Income From Continuing Operations Margin %	9.9	6.21	-14.07	2.08	8.55
Net Income Margin %	9.9	6.21	-14.07	2.08	8.55
Net Avail. For Common Margin %	9.9	6.21	-14.07	2.08	8.55
Normalized Net Income Margin	7.57	4.68	-11.51	1.34	6.56
Levered Free Cash Flow Margin	48.59	46.71	33.63	41.07	42.66
Unlevered Free Cash Flow Margin	48.87	46.98	33.93	41.4	43.01
Asset Turnover
Asset Turnover	0.62	0.61	0.55	0.68	0.71
Fixed Assets Turnover	17.34	17.77	17.24	25.41	33.89
Receivables Turnover (Average Receivables)	6.18	6.43	6.97	7.72	8.29
Short Term Liquidity
Current Ratio	0.49	0.39	0.34	0.41	0.45
Quick Ratio	0.46	0.36	0.32	0.38	0.43
Operating Cash Flow to Current Liabilities	0.21	0.16	0.11	0.13	0.25
Days Sales Outstanding (Average Receivables)	59.2	56.79	52.34	47.27	44.17
Average Days Payable Outstanding	97.13	94.46	85.31	85.38	89.67
Long Term Solvency
Total Debt/Equity	20.62	19.19	27.84	38.16	30.32
Total Debt / Total Capital	17.1	16.1	21.78	27.62	23.27
LT Debt/Equity	19.84	18.45	27.1	37.6	29.93
Long-Term Debt / Total Capital	16.45	15.48	21.2	27.21	22.97
Total Liabilities / Total Assets	67.88	68.4	76.63	78.21	76.58
EBIT / Interest Expense	27.89	18.49	-37.92	5.11	19.65
EBITDA / Interest Expense	32.94	24.12	-32.19	8.6	22.35
(EBITDA - Capex) / Interest Expense	30.59	21.7	-34.25	7.08	20.85
Total Debt / EBITDA	0.75	0.99	-0.76	2.84	0.86
Net Debt / EBITDA	0.13	0.18	-0.24	0.19	-0.19
Total Debt / (EBITDA - Capex)	0.8	1.11	-0.72	3.45	0.92
Net Debt / (EBITDA - Capex)	0.14	0.2	-0.23	0.23	-0.2
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-4.73	5.52	-8.77	27.08	18.27
Gross Profit, 1 Yr. Growth %	13.13	-18.67	-155.69	-213.87	131.39
EBITDA, 1 Yr. Growth %	18.31	-27.3	-244.41	-134.29	246.79
EBITA, 1 Yr. Growth %	19.08	-33.37	-305.49	-119.08	387.24
EBIT, 1 Yr. Growth %	20.36	-33.46	-306.52	-118.91	390.06
Earnings From Cont. Operations, 1 Yr. Growth %	17.03	-33.81	-306.78	-118.79	385.75
Net Income, 1 Yr. Growth %	17.03	-33.81	-306.78	-118.79	385.75
Normalized Net Income, 1 Yr. Growth %	21.27	-34.72	-324.09	-114.82	478.19
Diluted EPS Before Extra, 1 Yr. Growth %	17.08	-33.83	-306.79	-118.79	385.68
Net Property, Plant and Equip., 1 Yr. Growth %	4.06	1.9	-13.64	-13.92	-8.33
Accounts Receivable, 1 Yr. Growth %	-2.61	4.53	-8.06	6.29	14.8
Total Assets, 1 Yr. Growth %	7.46	7.02	-3.81	9.04	17
Common Equity, 1 Yr. Growth %	12.95	5.3	-28.88	1.71	25.73
Tangible Book Value, 1 Yr. Growth %	13.31	5.5	-29.57	1.83	26.66
Cash From Operations, 1 Yr. Growth %	16.54	-17.18	-29.7	28.47	128.94
Capital Expenditures, 1 Yr. Growth %	-0.34	3.73	-14.32	3.67	25.34
Levered Free Cash Flow, 1 Yr. Growth %	520.02	215.04	145.86	-649.12	777.99
Unlevered Free Cash Flow, 1 Yr. Growth %	502	211.25	142.81	-671.24	737.67
Dividend Per Share, 1 Yr. Growth %	0.4	0.4	-24.78	-33.33	0
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	5.81	0.26	-1.89	7.67	22.6
Gross Profit, 2 Yr. CAGR %	71.45	-4.1	-32.7	-20.37	62.32
EBITDA, 2 Yr. CAGR %	246.88	-7.26	2.46	-29.63	9.05
EBITA, 2 Yr. CAGR %	668.02	-10.93	17.01	-37.38	-3.58
EBIT, 2 Yr. CAGR %	491.78	-10.51	17.22	-37.5	-3.73
Earnings From Cont. Operations, 2 Yr. CAGR %	708.7	-11.99	16.99	-37.67	-4.46
Net Income, 2 Yr. CAGR %	708.7	-11.99	16.99	-37.67	-4.46
Normalized Net Income, 2 Yr. CAGR %	286.99	-11.02	20.95	-42.36	-7.42
Diluted EPS Before Extra, 2 Yr. CAGR %	708.53	-11.98	16.98	-37.67	-4.47
Net Property, Plant and Equip., 2 Yr. CAGR %	20.61	2.97	-6.2	-13.78	-11.17
Accounts Receivable, 2 Yr. CAGR %	3.02	0.89	-1.97	-1.14	10.46
Total Assets, 2 Yr. CAGR %	7.92	7.24	1.46	2.41	12.95
Common Equity, 2 Yr. CAGR %	12.09	9.06	-13.46	-14.95	13.08
Tangible Book Value, 2 Yr. CAGR %	12.64	9.33	-13.8	-15.31	13.57
Cash From Operations, 2 Yr. CAGR %	25.68	-1.76	-23.7	-4.97	71.51
Capital Expenditures, 2 Yr. CAGR %	19.54	1.67	-5.73	-5.75	13.99
Levered Free Cash Flow, 2 Yr. CAGR %	731.17	150.8	43.85	95.34	159.73
Unlevered Free Cash Flow, 2 Yr. CAGR %	976.17	147.12	43.2	94.04	164.95
Dividend Per Share, 2 Yr. CAGR %	0.4	0.4	-13.1	-29.18	-18.35
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	3.51	5.72	-2.84	6.95	11.1
Gross Profit, 3 Yr. CAGR %	21.13	33.7	-19.99	-19.8	13.64
EBITDA, 3 Yr. CAGR %	32.42	106.04	7.49	-28.86	19.75
EBITA, 3 Yr. CAGR %	37.24	239.99	17.7	-36.07	24.08
EBIT, 3 Yr. CAGR %	38.51	185.63	18.26	-36.18	24.16
Earnings From Cont. Operations, 3 Yr. CAGR %	37.25	251.11	17	-36.41	23.58
Net Income, 3 Yr. CAGR %	37.25	251.11	17	-36.41	23.58
Normalized Net Income, 3 Yr. CAGR %	40.94	113.83	21.06	-39.92	24.3
Diluted EPS Before Extra, 3 Yr. CAGR %	37.22	251.04	17.01	-36.41	23.57
Net Property, Plant and Equip., 3 Yr. CAGR %	15.3	14.02	-2.89	-8.85	-12
Accounts Receivable, 3 Yr. CAGR %	7.51	3.52	-2.18	0.71	3.91
Total Assets, 3 Yr. CAGR %	7.45	7.62	3.42	3.93	7.06
Common Equity, 3 Yr. CAGR %	4.89	9.78	-5.43	-8.68	-3.11
Tangible Book Value, 3 Yr. CAGR %	5.23	10.21	-5.57	-8.88	-3.15
Cash From Operations, 3 Yr. CAGR %	21.05	9.37	-12.13	-9.23	27.4
Capital Expenditures, 3 Yr. CAGR %	27.13	14.02	-3.96	-2.69	3.64
Levered Free Cash Flow, 3 Yr. CAGR %	153.55	312.29	60.46	47.54	67.36
Unlevered Free Cash Flow, 3 Yr. CAGR %	147.29	389.77	59.05	47.05	66.63
Dividend Per Share, 3 Yr. CAGR %	0.4	0.4	-8.81	-20.45	-20.55
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	4.69	4.35	1.32	6.49	6.63
Gross Profit, 5 Yr. CAGR %	16.75	13.2	-4.25	8.67	6.18
EBITDA, 5 Yr. CAGR %	34.94	25.32	19.51	34.07	8.11
EBITA, 5 Yr. CAGR %	42.99	31.49	28.76	72.81	8.67
EBIT, 5 Yr. CAGR %	45.18	33.48	29.57	55.54	8.92
Earnings From Cont. Operations, 5 Yr. CAGR %	38.14	27.69	28.76	75.86	7.89
Net Income, 5 Yr. CAGR %	38.14	27.69	28.76	75.86	7.89
Normalized Net Income, 5 Yr. CAGR %	45.39	33.45	32.57	26.57	8.74
Diluted EPS Before Extra, 5 Yr. CAGR %	38.04	27.67	28.73	75.83	7.89
Net Property, Plant and Equip., 5 Yr. CAGR %	7.21	7.78	6.16	1.96	-6.29
Accounts Receivable, 5 Yr. CAGR %	6.17	6.04	3.61	1.63	2.69
Total Assets, 5 Yr. CAGR %	6.45	7.18	5.01	5.51	7.13
Common Equity, 5 Yr. CAGR %	2.22	4.08	-2.88	-0.87	1.58
Tangible Book Value, 5 Yr. CAGR %	2.53	4.39	-2.84	-0.81	1.66
Cash From Operations, 5 Yr. CAGR %	26.06	11.45	0.65	3.39	14.82
Capital Expenditures, 5 Yr. CAGR %	14.71	19.54	12.8	5.65	2.85
Levered Free Cash Flow, 5 Yr. CAGR %	49.56	79.36	61.13	134.85	51.1
Unlevered Free Cash Flow, 5 Yr. CAGR %	49.5	80.46	58.83	160.52	50.29
Dividend Per Share, 5 Yr. CAGR %	0.4	0.4	-5.23	-12.69	-12.76