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Page: Company Financials

Assured Guaranty Ltd.

Ticker: AGO | Industry: Insurance - Specialty | Sector: Financial Services
$83.60 -0.05 (-0.06%)
As of: 2026-01-28

Master Data Export

Enterprise Value

Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003
Stock Price 86.62 83.31 60.36 57.54 46.69 25.79 45.44 38.06 37.62 29.05 25.45 24.49 21.13 14.59 13.84 17.51 15.08 17.35 27.91 25.73 22.66 17.82 18.00
Market Capitalization 4,256.11M 4,424.59M 3,520.01M 3,619.15M 3,401.47M 2,175.51M 4,487.71M 4,181.35M 4,540.01M 3,853.94M 3,770.72M 4,228.59M 3,940.48M 2,755.89M 2,538.63M 3,222.55M 1,890.49M 1,483.70M 1,969.79M 1,853.50M 1,673.74M 1,333.17M 1,350.32M
(-) Cash & Equivalents 159.33M 118.75M 109.25M 123.75M 115.00M 204.25M 177.75M 121.25M 140.75M 129.50M 298.00M 120.50M 139.50M 157.09M 160.71M 95.57M 83.12M 9.68M 15.68M 13.35M 9.93M 23.80M 8.09M
(+) Total Debt 1,133.67M 1,697.00M 1,685.00M 1,674.25M 1,572.25M 1,222.50M 1,233.50M 1,256.75M 1,296.25M 1,303.75M 1,303.75M 1,182.25M 823.50M 889.26M 1,044.01M 1,057.49M 750.40M 315.22M 197.40M 197.36M 197.33M 166.75M 18.75M
Enterprise Value 5,230.44M 6,002.84M 5,095.76M 5,169.65M 4,858.72M 3,193.76M 5,543.46M 5,316.85M 5,695.51M 5,028.19M 4,776.47M 5,290.34M 4,624.48M 3,488.06M 3,421.93M 4,184.48M 2,557.77M 1,789.25M 2,151.51M 2,037.52M 1,861.15M 1,476.12M 1,360.98M

Income Statement

Metric TTM TTM-1 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31 2017-12-31 2016-12-31 2015-12-31 2014-12-31 2013-12-31 2012-12-31 2011-12-31 2010-12-31 2009-12-31 2008-12-31 2007-12-31 2006-12-31 2005-12-31 2004-12-31 2003-12-31 2002-12-31 2001-12-31 2000-12-31
Revenue 954M 954M 814M 1,015M 684M 698M 1,084M 924M 987M 1,651M 1,380M 1,955M 1,739M 1,262M 763M 1,951M 1,587M 917M 553M -302M 322M 295M 348M 512M 302M 295M 250M
Cost of Revenue 88M -34M -6M 175M 30M -206M 219M 111M 80M 407M 313M 444M 151M 166M 518M 465M 434M 568M 266M 49M 52M 115M 83M 210M 169M 229M 80M
Gross Profit 866M 988M 820M 840M 654M 904M 865M 813M 907M 1,244M 1,067M 1,511M 1,588M 1,096M 245M 1,486M 1,153M 349M 287M -351M 270M 180M 265M 303M 133M 66M 170M
Gross Profit Margin 90.8% 103.6% 100.7% 82.8% 95.6% 129.5% 79.8% 88.0% 91.9% 75.3% 77.3% 77.3% 91.3% 86.8% 32.1% 76.2% 72.7% 38.1% 52.0% 116.3% 83.9% 61.0% 76.2% 59.1% 44.1% 22.4% 68.2%
R&D Expenses 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M
SG&A Expenses 209M 205M 202M 251M 258M 230M 228M 178M 152M 143M 0M 0M 0M 0M 0M 0M 0M 0M 1M 6M 0M 0M 0M 0M 0M 0M 0M
Operating Expenses 339M 328M 332M 172M 506M 427M 452M 349M 327M 253M 50M 80M 57M -46M 113M 457M 619M 232M 175M 112M 80M -50M 32M 57M 50M -44M 52M
Operating Income (EBIT) 527M 660M 488M 668M 148M 477M 413M 464M 580M 991M 1,017M 1,431M 1,531M 1,142M 132M 1,029M 534M 117M 112M -463M 190M 230M 233M 246M 83M 110M 118M
Operating Income Margin 55.2% 69.2% 60.0% 65.8% 21.6% 68.3% 38.1% 50.2% 58.8% 60.0% 73.7% 73.2% 88.0% 90.5% 17.3% 52.7% 33.6% 12.7% 20.3% 153.5% 59.0% 78.0% 67.1% 48.1% 27.5% 37.4% 47.3%
Interest Income 0M 0M 0M 0M 0M 204M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M
Interest Expense 90M 91M 91M 90M 81M 87M 85M 89M 94M 97M 102M 101M 92M 82M 92M 99M 100M 63M 23M 24M 14M 14M 11M 6M 11M 12M 12M
Net Interest Income -90M -91M -91M -90M -81M 117M -85M -89M -94M -97M -102M -101M -92M -82M -92M -99M -100M -63M -23M -24M -14M -14M -11M -6M -11M -12M -12M
Unusual Items 90M 91M 91M 90M 81M -117M 85M 89M 94M 97M 102M 101M 92M 82M 92M 99M 100M 63M 23M 24M 14M 14M 11M 6M 11M 12M 12M
EBT Excluding Unusual Items 437M 569M 397M 578M 67M 594M 328M 375M 486M 894M 915M 1,330M 1,439M 1,060M 40M 930M 434M 54M 89M -487M 176M 216M 223M 241M 73M 99M 107M
Pre-Tax Income 527M 660M 488M 668M 148M 477M 413M 464M 580M 991M 1,017M 1,431M 1,531M 1,142M 132M 1,029M 534M 117M 112M -463M 190M 230M 233M 246M 83M 110M 118M
Pre-Tax Margin 55.2% 69.2% 60.0% 65.8% 21.6% 68.3% 38.1% 50.2% 58.8% 60.0% 73.7% 73.2% 88.0% 90.5% 17.3% 52.7% 33.6% 12.7% 20.3% 153.5% 59.0% 78.0% 67.1% 48.1% 27.5% 37.4% 47.3%
Income Tax Expense 100M -89M 96M -93M 11M 58M 45M 63M 59M 261M 136M 375M 443M 334M 22M 256M 50M 32M 43M -160M 30M 41M 51M 32M 11M 0M 0M
Net Income 402M 734M 376M 739M 124M 389M 362M 402M 521M 730M 881M 1,056M 1,088M 808M 110M 773M 484M 86M 69M -303M 160M 188M 183M 215M 73M 64M 93M
Net Income Margin 42.1% 76.9% 46.2% 72.8% 18.1% 55.7% 33.4% 43.5% 52.8% 44.2% 63.8% 54.0% 62.6% 64.0% 14.4% 39.6% 30.5% 9.4% 12.5% 100.6% 49.6% 64.0% 52.5% 41.9% 24.0% 21.7% 37.3%
Depreciation & Amortization 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 3M 6M 7M 9M 9M 0M 0M 0M
EBITDA 527M 660M 488M 668M 148M 477M 413M 464M 580M 991M 1,017M 1,431M 1,531M 1,142M 132M 1,029M 534M 117M 112M -460M 196M 237M 242M 255M 83M 110M 118M
EBITDA Margin 55.2% 69.2% 60.0% 65.8% 21.6% 68.3% 38.1% 50.2% 58.8% 60.0% 73.7% 73.2% 88.0% 90.5% 17.3% 52.7% 33.6% 12.7% 20.3% 152.6% 60.9% 80.3% 69.6% 49.8% 27.5% 37.4% 47.3%
NOPAT 427M 749M 392M 761M 137M 419M 368M 401M 521M 730M 881M 1,056M 1,088M 808M 110M 773M 484M 85M 69M -366M 160M 188M 183M 215M 73M 110M 118M
NOPAT Margin 44.8% 78.5% 48.2% 75.0% 20.0% 60.0% 33.9% 43.4% 52.8% 44.2% 63.8% 54.0% 62.6% 64.0% 14.4% 39.6% 30.5% 9.2% 12.5% 121.3% 49.6% 64.0% 52.5% 41.9% 24.0% 37.4% 47.3%
Owner's Earnings 402M 734M 376M 739M 99M 389M 362M 402M 521M 730M 881M 1,056M 1,088M 808M 110M 773M 484M 86M 69M -301M 166M 195M 130M 224M 73M 64M 93M
Owner's Earnings Margin 42.1% 76.9% 46.2% 72.8% 14.5% 55.7% 33.4% 43.5% 52.8% 44.2% 63.8% 54.0% 62.6% 64.0% 14.4% 39.6% 30.5% 9.4% 12.5% 99.7% 51.5% 66.4% 37.2% 43.7% 24.0% 21.7% 37.3%
EPS (Basic) 5.95 13.21 7.01 12.55 1.96 5.29 4.22 4.04 4.74 6.05 6.61 7.12 6.30 4.33 0.58 4.21 2.63 0.77 0.76 -4.46 2.18 2.55 2.44 2.86 0.97 0.85 1.24
EPS (Diluted) 7.98 13.12 6.92 12.40 1.94 5.24 4.20 4.01 4.68 5.97 6.57 7.09 6.27 4.31 0.58 4.17 2.56 0.67 0.78 -4.46 2.15 2.53 2.44 2.86 0.97 0.85 1.24
Shares (Basic) 49M 55M 53M 58M 63M 74M 86M 99M 110M 121M 133M 148M 173M 187M 189M 183M 184M 127M 87M 68M 73M 74M 75M 75M 75M 75M 75M
Shares (Diluted) 50M 56M 54M 60M 64M 74M 86M 100M 111M 122M 134M 149M 174M 188M 191M 186M 189M 129M 88M 68M 74M 74M 75M 75M 75M 75M 75M

Product Segments

Metric TTM TTM-1 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31 2017-12-31 2016-12-31 2015-12-31 2014-12-31 2013-12-31 2012-12-31 2011-12-31
Asset Management Fees, CLO's 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 54.00M 18.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Asset Management Segment 0.00M 0.00M 10.00M 76.00M 112.00M 83.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Collateralized Loan Obligation Service 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 21.00M 3.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Collateralized Loan Obligations, Before Rebates 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 40.00M 11.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Financial Guarantee Insurance Product Line 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 3,512.00M 3,407.00M 3,342.00M 3,770.00M 0.00M 0.00M 0.00M 0.00M
Financial Guarantee Policies Paid in Installments 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 1,370.00M 0.00M 0.00M 0.00M
Financial Guaranty 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 5,349.00M 1,325.50M
Financial Guaranty Policies Paid in Installments 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 1,576.00M 0.00M 0.00M
Insurance Segment 0.00M 0.00M 821.00M 855.00M 757.00M 733.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Opportunity Funds 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 8.00M 2.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Performance Allocation Fees 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 4.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Reimbursable Fund Expense 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 35.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Wind-down Funds 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 25.00M 13.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M

Geographic Segments

Metric TTM TTM-1 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
BERMUDA 0.00M 0.00M 168.00M 166.00M 129.00M 153.00M 155.00M 161.00M
Other Countries 0.00M 0.00M 1.00M 1.00M -1.00M 3.00M 8.00M 0.00M
UNITED KINGDOM 0.00M 0.00M 32.00M 36.00M 32.00M 42.00M 0.00M 0.00M
UNITED STATES 0.00M 0.00M 685.00M 1,064.00M 727.00M 762.00M 788.00M 761.00M

Balance Sheet

Metric MRQ MRQ-1 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31 2017-12-31 2016-12-31 2015-12-31 2014-12-31 2013-12-31 2012-12-31 2011-12-31 2010-12-31 2009-12-31 2008-12-31 2007-12-31 2006-12-31 2005-12-31 2004-12-31 2003-12-31 2002-12-31 2001-12-31 2000-12-31
Cash & Cash Equivalents 157.00M 301.00M 121.00M 97.00M 107.00M 120.00M 162.00M 169.00M 104.00M 144.00M 118.00M 166.00M 75.00M 184.00M 138.00M 214.54M 107.18M 44.10M 12.30M 8.05M 4.79M 6.19M 16.98M 32.37M 0.00M 0.00M 0.00M
Short-Term Investments 2,336.00M 1,850.00M 2,344.00M 7,968.00M 7,929.00M 9,427.00M 9,624.00M 10,122.00M 10,818.00M 11,301.00M 10,823.00M 11,023.00M 11,258.00M 10,615.00M 10,873.00M 734.05M 1,031.58M 1,668.30M 477.20M 552.94M 134.06M 115.83M 175.84M 137.52M 0.00M 0.00M 0.00M
Cash & Short-Term Investments 2,493.00M 2,151.00M 2,465.00M 8,065.00M 8,036.00M 9,547.00M 9,786.00M 10,291.00M 10,922.00M 11,445.00M 10,941.00M 11,189.00M 11,333.00M 10,799.00M 11,011.00M 948.59M 1,138.76M 1,712.40M 489.50M 560.99M 138.85M 122.02M 192.82M 169.88M 0.00M 0.00M 0.00M
Net Receivables 2,036.00M 2,013.00M 1,947.00M 1,766.00M 1,555.00M 2,173.00M 2,363.00M 1,286.00M 0.00M 0.00M 0.00M 0.00M 729.00M 876.00M 1,519.00M 1,079,282.00M 1,167,587.00M 1,418,232.00M 15.74M 27.80M 52.45M 48.37M 0.00M 301.12M 0.00M 0.00M 0.00M
Inventory 0.00M 0.00M 0.00M 0.00M -2,923.00M -3,602.00M 0.00M -3,605.00M -2,227.00M -3,522.00M -2,696.00M -2,012.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Current Assets -4,529.00M -4,164.00M -4,412.00M -9,831.00M 2,923.00M 3,602.00M -12,149.00M 4,352.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 2,395.59M 0.00M 0.00M 665.11M 671.30M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Total Current Assets 0.00M 0.00M 0.00M 0.00M 9,591.00M 11,720.00M 0.00M 12,324.00M 8,695.00M 7,923.00M 8,245.00M 9,177.00M 12,062.00M 11,675.00M 12,530.00M 1,082,626.18M 1,168,725.76M 1,419,944.40M 1,170.35M 1,260.09M 191.30M 170.38M 192.82M 471.00M 0.00M 0.00M 0.00M
Property, Plant & Equipment 0.00M 121.00M 101.00M 366.00M 5,493.00M 5,271.00M 1,913.00M 572.00M 10,961.00M -101.00M -106.00M -114.00M -121.00M -124.00M -116.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Goodwill 0.00M 0.00M 0.00M 0.00M 117.00M 117.00M 117.00M 117.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 85.42M 85.42M 85.42M 85.42M 85.42M 87.06M 0.00M 0.00M 0.00M
Intangible Assets 0.00M 0.00M 0.00M 6.00M 46.00M 58.00M 86.00M 99.00M 129.00M 101.00M 106.00M 114.00M 121.00M 124.00M 116.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Long-Term Investments 7,891.00M 7,785.00M 7,884.00M 8,614.00M 8,648.00M 9,687.00M 9,920.00M 10,564.00M 11,387.00M 12,001.00M 11,699.00M 12,284.00M 12,660.00M 13,180.00M 13,561.00M 10,875.90M 10,446.89M 10,808.20M 3,631.30M 3,139.89M 2,465.14M 2,249.82M 2,140.89M 2,189.73M 0.00M 0.00M 0.00M
Tax Assets 0.00M 0.00M 0.00M 0.00M 114.00M 195.00M 0.00M 254.00M 297.00M 98.00M 497.00M 276.00M 260.00M 688.00M 721.00M 770,943.00M 1,223,958.00M 1,158,205.00M 129,118.00M 147,563.00M 39.91M 26.63M 40.05M 0.00M 0.00M 0.00M 0.00M
Other Non-Current Assets -7,891.00M -7,906.00M -7,985.00M -8,986.00M -114.00M -195.00M -12,036.00M -254.00M -11,387.00M -12,001.00M -11,699.00M -12,284.00M -12,660.00M -13,180.00M -13,561.00M -10,875.90M -10,446.89M -10,808.20M 81,700.30M 82,191.69M -2,465.14M -2,249.82M -2,140.89M -2,276.80M 0.00M 0.00M 0.00M
Other Assets 12,101.00M 12,095.00M 11,901.00M 12,539.00M -7,052.00M -8,645.00M 15,334.00M -9,350.00M -10,100.00M 2,581.00M 2,715.00M 2,742.00M 3,370.00M 4,828.00M 5,321.00M -12,188,527.47M -11,893,567.49M -11,743,876.60M -720,908.30M -790,165.64M 2,671.17M 2,439.40M 2,375.73M 110.07M 2,769.90M 2,322.10M 1,913.70M
Total Non-Current Assets 12,101.00M 12,095.00M 11,901.00M 12,539.00M 7,252.00M 6,488.00M 15,334.00M 2,002.00M 1,287.00M 2,679.00M 3,212.00M 3,018.00M 3,630.00M 5,516.00M 6,042.00M -11,417,584.47M -10,669,609.49M -10,585,671.60M -506,373.28M -557,185.64M 2,796.49M 2,551.45M 2,501.20M 110.07M 2,769.90M 2,322.10M 1,913.70M
Total Assets 12,101.00M 12,095.00M 11,901.00M 12,539.00M 16,843.00M 18,208.00M 15,334.00M 14,326.00M 9,982.00M 10,602.00M 11,457.00M 12,195.00M 15,692.00M 17,191.00M 18,572.00M -10,334,958.29M -9,500,883.73M -9,165,727.20M -505,202.93M -555,925.55M 2,987.79M 2,721.83M 2,694.01M 581.07M 2,769.90M 2,322.10M 1,913.70M
Accounts Payable 0.00M 0.00M 0.00M 0.00M 1.00M 16.00M 0.00M 30.00M 0.00M 61.00M 64.00M 51.00M 107.00M 148.00M 219.00M 170.98M 274.43M 32.28M 17.96M 3.28M 43.19M 56.72M 0.00M 0.00M 0.00M 0.00M 0.00M
Short-Term Debt 0.00M 0.00M 0.00M 0.00M 23.00M 23.00M 145.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Tax Payables 0.00M 0.00M 0.00M 0.00M 0.00M 43.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 5.00M 44.00M 0.00M 0.00M 93.02M 0.00M 0.00M 0.64M 7.20M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Deferred Revenue 0.00M 0.00M 0.00M 0.00M 0.00M 43.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Current Liabilities 0.00M 0.00M 0.00M 0.00M 161.00M 276.00M -145.00M 1,051.00M 0.00M -61.00M -64.00M -51.00M -107.00M -192.00M -219.00M -170.98M 92,652.55M -186.74M -17.96M 160.06M -43.19M -56.72M -86.78M -71.24M 0.00M 0.00M 0.00M
Total Current Liabilities 0.00M 0.00M 0.00M 0.00M 185.00M 401.00M 0.00M 1,081.00M 0.00M 0.00M 0.00M 0.00M 5.00M 0.00M 0.00M 0.00M 93,020.00M -154.46M 0.00M 163.97M 7.20M 0.00M -86.78M -71.24M 0.00M 0.00M 0.00M
Long-Term Debt 1,702.00M 1,701.00M 1,699.00M 1,694.00M 1,675.00M 1,673.00M 1,079.00M 1,235.00M 1,233.00M 1,292.00M 1,306.00M 1,300.00M 1,297.00M 816.00M 836.00M 1,038.00M 1,052,936.00M 1,066.41M 347.21M 347.15M 197.38M 197.34M 197.36M 75.00M 0.00M 150.00M 0.00M
Capital Lease Obligations 0.00M 0.00M 0.00M 0.00M 93.00M 113.00M 0.00M 112.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Deferred Tax Liabilities 0.00M 0.00M 0.00M 0.00M 0.00M 228.00M 0.00M 271.00M 229.00M 297.00M 353.00M 351.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 39.91M 26.63M 40.05M 55.64M 0.00M 0.00M 0.00M
Other Non-Current Liabilities -1,702.00M -1,701.00M -1,699.00M -1,694.00M 9,876.00M -1,673.00M -1,079.00M 6,439.00M 5,815.00M 0.00M 0.00M 0.00M 7,864.00M 10,356.00M 0.00M -1,038.00M -1,052,936.00M -1,066.41M -347.21M 1,786.01M 1,040.10M -1,041.59M -1,206.45M -130.64M 0.00M -150.00M 0.00M
Total Non-Current Liabilities 0.00M 0.00M 0.00M 0.00M 11,644.00M 341.00M 0.00M 8,057.00M 7,277.00M 1,589.00M 1,659.00M 1,651.00M 9,161.00M 11,172.00M 836.00M 0.00M 0.00M 0.00M 0.00M 2,133.15M 1,277.38M -817.61M -969.04M 0.00M 0.00M 0.00M 0.00M
Total Liabilities 0.00M 0.00M 0.00M 0.00M 11,829.00M 742.00M 0.00M 9,138.00M 7,277.00M 1,589.00M 1,659.00M 1,651.00M 9,166.00M 11,172.00M 836.00M 0.00M 93,020.00M -154.46M 0.00M 2,297.12M 1,284.58M -817.61M -1,055.83M -71.24M 0.00M 0.00M 0.00M
Preferred Stock 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.02M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Common Stock 0.00M 0.00M 1.00M 1.00M 1.00M 1.00M 1.00M 1.00M 1.00M 1.00M 1.00M 1.00M 2.00M 2.00M 2.00M 1.82M 1.84M 1.80M 0.90M 0.80M 0.68M 0.75M 0.76M 16.40M 0.00M 0.00M 0.00M
Retained Earnings 5,836.00M 5,859.00M 5,878.00M 6,070.00M 5,577.00M 5,990.00M 6,143.00M 6,295.00M 6,374.00M 5,892.00M 5,289.00M 4,478.00M 3,494.00M 2,482.00M 1,749.00M 1,774.79M 1,098.86M 789.90M 638.10M 585.26M 896.95M 747.69M 568.26M 390.03M 0.00M 0.00M 0.00M
Accumulated OCI -179.00M -227.00M -385.00M -359.00M -515.00M 300.00M 498.00M 342.00M 93.00M 372.00M 149.00M 237.00M 370.00M 160.00M 515.00M 367.50M 110.65M 141.80M 2.90M 56.63M 41.88M 45.83M 78.96M 81.19M 89.00M 43.30M 42.30M
Minority Interest 79.00M 96.00M 58.00M 52.00M 228.00M 208.00M 62.00M 13.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M -0.40M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Total Shareholders’ Equity 5,657.00M 5,632.00M 5,494.00M 5,712.00M 5,063.00M 6,291.00M 6,642.00M 6,638.00M 6,468.00M 6,265.00M 5,439.00M 4,716.00M 3,866.00M 2,644.00M 2,266.00M 2,144.11M 1,211.34M 933.52M 641.90M 642.68M 939.51M 794.27M 647.97M 487.61M 89.00M 43.30M 42.30M
Total Equity 5,736.00M 5,728.00M 5,552.00M 5,764.00M 5,291.00M 6,499.00M 6,704.00M 6,651.00M 6,468.00M 6,265.00M 5,439.00M 4,716.00M 3,866.00M 2,644.00M 2,266.00M 2,144.11M 1,211.34M 933.12M 641.90M 642.68M 939.51M 794.27M 647.97M 487.61M 89.00M 43.30M 42.30M
Total Liabilities & Equity 5,736.00M 5,728.00M 5,552.00M 5,764.00M 17,120.00M 7,241.00M 6,704.00M 15,789.00M 13,745.00M 7,854.00M 7,098.00M 6,367.00M 13,032.00M 13,816.00M 3,102.00M 2,144.11M 94,231.34M 778.66M 641.90M 2,939.81M 2,224.08M -23.34M -407.85M 416.38M 89.00M 43.30M 42.30M
Tangible Assets 12,101.00M 12,095.00M 11,901.00M 12,533.00M 16,680.00M 18,033.00M 15,131.00M 14,110.00M 9,853.00M 10,501.00M 11,351.00M 12,081.00M 15,571.00M 17,067.00M 18,456.00M -10,334,958.29M -9,500,883.73M -9,165,727.20M -505,288.35M -556,010.97M 2,902.38M 2,636.42M 2,608.59M 494.01M 2,769.90M 2,322.10M 1,913.70M
Tangible Equity 5,736.00M 5,728.00M 5,552.00M 5,758.00M 5,128.00M 6,324.00M 6,501.00M 6,435.00M 6,339.00M 6,164.00M 5,333.00M 4,602.00M 3,745.00M 2,520.00M 2,150.00M 2,144.11M 1,211.34M 933.12M 556.48M 557.27M 854.09M 708.85M 562.56M 400.55M 89.00M 43.30M 42.30M
Tangible Book Value 5,736.00M 5,728.00M 5,552.00M 5,758.00M 5,128.00M 6,324.00M 6,501.00M 6,435.00M 6,339.00M 6,164.00M 5,333.00M 4,602.00M 3,745.00M 2,520.00M 2,150.00M 2,144.11M 1,211.34M 933.12M 556.48M 557.27M 854.09M 708.85M 562.56M 400.55M 89.00M 43.30M 42.30M
Total Investments 8,903.00M 8,780.00M 8,810.00M 9,443.00M 16,577.00M 19,114.00M 10,134.00M 20,686.00M 11,442.00M 12,097.00M 11,874.00M 12,534.00M 12,854.00M 13,444.00M 13,914.00M 11,567.70M 11,322.82M 11,300.70M 3,778.30M 3,139.89M 2,465.14M 2,249.82M 2,140.89M 2,189.73M 0.00M 0.00M 0.00M
Net Debt 1,545.00M 1,400.00M 1,578.00M 1,597.00M 1,591.00M 1,576.00M 1,062.00M 1,066.00M 1,129.00M 1,148.00M 1,188.00M 1,134.00M 1,222.00M 632.00M 698.00M 823.46M 1,052,828.82M 1,022.31M 334.91M 339.10M 192.59M 191.15M 180.38M 42.64M 0.00M 150.00M 0.00M

Capital Metrics

Metric MRQ MRQ-1 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31 2017-12-31 2016-12-31 2015-12-31 2014-12-31 2013-12-31 2012-12-31 2011-12-31 2010-12-31 2009-12-31 2008-12-31 2007-12-31 2006-12-31 2005-12-31 2004-12-31 2003-12-31 2002-12-31 2001-12-31 2000-12-31
Working Capital 0.0M 0.0M 0.0M 0.0M 9,294.0M 10,792.0M 0.0M 11,243.0M 11,139.0M 11,693.0M 10,875.0M 11,475.0M 11,290.0M 10,727.0M 10,981.0M 11,435,505.0M 10,597,061.0M 10,602,078.3M 510,911.0M 560,351.0M 131.7M 125.0M 192.8M 471.0M 0.0M 0.0M 0.0M
Total Capital 7,360.0M 7,334.0M 7,194.0M 7,407.0M 6,739.0M 7,965.0M 7,867.0M 7,874.0M 7,788.0M 8,131.0M 7,810.0M 7,363.0M 7,061.0M 5,931.0M 5,830.0M 5,756.7M 4,851.7M 4,587.0M 2,273.4M 1,864.0M 1,848.1M 1,858.9M 1,725.0M 1,512.6M 1,257.2M 1,211.6M 994.5M
Capital Employed 12,101.0M 12,095.0M 11,901.0M 12,539.0M 16,546.0M 17,280.0M 15,334.0M 13,245.0M 12,426.0M 14,372.0M 14,087.0M 14,493.0M 14,920.0M 16,243.0M 17,023.0M 17,920.5M -72,548.5M 16,406.7M 4,537.7M 3,165.4M 2,928.1M 2,676.5M 2,694.0M 2,857.9M 2,769.9M 2,322.0M 1,913.7M
Invested Capital 7,203.0M 7,033.0M 7,073.0M 7,310.0M 6,632.0M 7,845.0M 7,705.0M 7,705.0M 7,684.0M 7,987.0M 7,692.0M 7,197.0M 6,986.0M 5,747.0M 5,692.0M 5,542.2M 4,744.5M 4,542.9M 2,261.1M 1,855.9M 1,843.4M 1,852.7M 1,708.0M 1,480.3M 1,257.2M 1,211.6M 994.5M

Cash Flow Statement

Metric TTM TTM-1 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31 2017-12-31 2016-12-31 2015-12-31 2014-12-31 2013-12-31 2012-12-31 2011-12-31 2010-12-31 2009-12-31 2008-12-31 2007-12-31 2006-12-31 2005-12-31 2004-12-31 2003-12-31
Net Income 281.00M 376.00M 376.00M 761.00M 137.00M 419.00M 368.00M 137.00M 521.00M 730.00M 881.00M 1,056.00M 1,088.00M 808.00M 110.00M 775.62M 548.91M 96.03M 68.88M -303.27M 159.73M 188.45M 182.79M 214.52M
Depreciation & Amortization 0.00M 0.00M 0.00M 0.00M 11.00M 12.00M 13.00M -35.00M -31.00M -46.00M -34.00M -25.00M -16.00M -8.00M 4.00M 18,256.00M 46,338.00M 21,997.00M 2,397.00M 2.65M 6.08M 7.03M 8.83M 9.12M
Deferred Income Tax 0.00M 0.00M -4.00M -156.00M -3.00M -38.00M 58.00M 65.00M 74.00M 250.00M 19.00M 300.00M 347.00M 177.00M -35.00M 385.75M 111.76M -180.39M 43.12M -172.14M 11.60M -4.30M 34.43M 12.78M
Stock-Based Compensation -28.00M 36.00M 0.00M 0.00M 39.00M 27.00M 25.00M 21.00M 19.00M 16.00M 13.00M 10.00M 10.00M 8.00M 7.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Change in Working Capital -322.00M -331.00M -110.00M -136.00M -1,324.00M 2.00M -342.00M -700.00M -165.00M -284.00M -720.00M -471.00M -185.00M -554.00M -678.00M 55.73M -741.08M -142.04M 307.24M 135.06M 143.30M -22.76M 94.73M 104.83M
Accounts Receivable -80.00M -157.00M 0.00M -157.00M 74.00M 0.00M -102.00M -388.00M -6.00M -69.00M 128.00M -8.00M 108.00M 86.00M 48.00M 138.48M 376.48M 148.40M 12.06M -28.21M -5.10M 25.66M 133.94M 48.26M
Inventory 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Accounts Payable 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M -18.76M 85.21M -59.06M -8.31M 36.93M
Other Working Capital -242.00M -174.00M -110.00M 21.00M -1,398.00M 2.00M -240.00M -312.00M -159.00M -215.00M -848.00M -463.00M -293.00M -640.00M -726.00M -82.75M -1,117.56M -290.44M 295.19M 182.02M 63.19M 10.65M -30.90M 19.64M
Other Non-Cash Items 335.00M 123.00M -215.00M -8.00M -1,339.00M -2,359.00M -975.00M 3.00M 32.00M -26.00M -27.00M 31.00M 49.00M -29.00M -78.00M -577.73M 136.06M 450.92M -64.45M 720.90M -65.21M 0.37M -374.17M -141.22M
Net Cash from Operating Activities 266.00M 204.00M 47.00M 461.00M -2,479.00M -1,937.00M -853.00M -509.00M 462.00M 433.00M -141.00M -52.00M 577.00M 244.00M -165.00M 675.62M 103.99M 279.17M 426.99M 385.85M 261.57M 175.81M -44.58M 200.03M
Capital Expenditures (PPE) 0.00M 0.00M 0.00M 0.00M 25.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M -62.11M 0.00M
Acquisitions (Net) -51.00M 0.00M 0.00M -198.00M -25.00M -79.00M -19.00M -233.00M 0.00M 95.00M -435.00M -800.00M 0.00M 0.00M -91.00M 0.00M 0.00M -459.00M 0.00M 0.00M 0.00M 0.00M 39.78M 0.00M
Purchases of Investments -1,216.00M 172.00M -1,355.00M -1,428.00M -459.00M -1,646.00M -1,465.00M -1,725.00M -2,208.00M -2,552.00M -1,646.00M -2,577.00M -2,801.00M -1,973.00M -1,649.00M -2,308.08M -2,461.69M -2,684.77M -1,272.02M -1,450.98M -883.22M -956.80M -813.49M -902.94M
Sales / Maturities of Investments 1,850.00M 1,567.00M 0.00M 1,740.00M 2,118.00M 1,692.00M 2,188.00M 2,940.00M 2,372.00M 2,596.00M 2,537.00M 3,902.00M 2,286.00M 1,912.00M 2,046.00M 2,090.44M 2,695.20M 1,737.20M 622.41M 786.59M 864.53M 803.25M 795.97M 753.95M
Other Investing Activities -69.00M -1,092.00M 2,135.00M 172.00M 81.00M 56.00M 84.00M 187.00M 133.00M 206.00M 620.00M 469.00M 419.00M 742.00M 637.00M 778.99M 443.78M 9.35M -728,150.00M -243,277.00M -209.77M -213.56M 62.11M 3.69M
Net Cash from Investing Activities 514.00M 647.00M 780.00M 286.00M 1,740.00M 23.00M 788.00M 1,169.00M 297.00M 345.00M 1,076.00M 994.00M -96.00M 681.00M 943.00M 561.35M 677.29M -1,397.22M -649.62M -664.39M -228.46M -153.55M 22.27M -145.30M
Net Debt Issuance 135.00M -165.00M -375.00M -156.00M 1,233.00M 2,522.00M 740.00M 172.00M -101.00M -30.00M -613.00M -4.00M 476.00M -538.00M -209.00M -1,075.42M -671.75M -14.82M 0.00M 0.00M 0.00M 0.00M -2.70M 0.00M
Long-Term Debt Issuance 135.00M -8.00M -375.00M -152.00M 1,192.00M 2,522.00M 740.00M 172.00M -101.00M -30.00M -2.00M -4.00M 476.00M -27.00M -209.00M -22.00M -21.00M -14.82M 0.00M -0.43M 0.00M 0.00M -2.70M 0.00M
Short-Term Debt Issuance 0.00M -157.00M 0.00M -4.00M 41.00M 0.00M 0.00M 0.00M 0.00M 0.00M -611.00M 0.00M 0.00M -511.00M 0.00M -1,053.42M -650.75M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Net Stock Issuance -459.00M -525.00M -502.00M -199.00M -500.00M -496.00M -446.00M -500.00M -500.00M -501.00M -308.00M -562.00M -590.00M -264.00M 149.00M -23.00M -10.00M 1,186.39M 249.39M 295.29M -170.56M -18.66M -5.99M 0.00M
Common Stock Issuance 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 173.00M 0.00M 0.00M 1,190.07M 248.97M 304.64M 0.50M 0.36M 0.00M 0.00M
Common Stock Repurchased -459.00M -525.00M -502.00M -199.00M -500.00M -496.00M -446.00M -500.00M -500.00M -501.00M -308.00M -562.00M -590.00M -264.00M -24.00M -23.00M -10.00M -3.68M 0.00M -9.35M -171.06M -19.01M -5.99M 0.00M
Preferred Stock Issuance 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.43M 0.00M 0.00M 0.00M 0.00M 0.00M
Net Dividends Paid -69.00M -68.00M -68.00M -67.00M -64.00M -66.00M -69.00M -74.00M -71.00M -70.00M -69.00M -72.00M -76.00M -75.00M -69.00M -33.04M -33.19M -22.33M -16.02M -11.03M -10.46M -9.01M -4.56M -35.00M
Common Dividends Paid -69.00M -68.00M -68.00M -67.00M -64.00M -66.00M -69.00M -74.00M -71.00M -70.00M -69.00M -72.00M -76.00M -75.00M -69.00M -33.04M -33.00M -22.33M -16.02M -11.03M -10.46M 0.00M -4.56M -35.00M
Preferred Dividends Paid 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M -0.19M 0.00M 0.00M 0.00M 0.00M -9.01M 0.00M 0.00M
Other Financing Activities -398.00M -38.00M -38.00M -248.00M -57.00M 0.00M -42.00M -182.00M -123.00M -165.00M 12.00M -209.00M -395.00M -1.00M -727.00M -1.50M -2.49M -0.68M -4.04M -2.83M 145.95M -4.27M 19.34M 0.00M
Net Cash from Financing Activities -791.00M -796.00M -983.00M -670.00M 612.00M 1,960.00M 183.00M -584.00M -795.00M -766.00M -978.00M -847.00M -585.00M -878.00M -856.00M -1,132.96M -717.43M 1,148.55M 229.34M 281.44M -35.07M -31.94M 6.09M -35.00M
Effect of FX on Cash 2.00M 176.00M -2.00M 2.00M -8.00M -2.00M -3.00M 3.00M -4.00M 5.00M -5.00M -4.00M -5.00M -1.00M 1.00M 2.14M -0.80M 1.33M -2.45M 0.37M 0.55M -1.11M 0.83M 3.19M
Net Change in Cash -9.00M 231.00M -158.00M 79.00M -135.00M 44.00M 115.00M 79.00M -40.00M 17.00M -48.00M 91.00M -109.00M 46.00M -77.00M 106.16M 63.05M 31.83M 4.26M 3.26M -1.41M -10.79M -15.39M 22.92M
Cash at Beginning of Period 807.00M 436.00M 286.00M 207.00M 342.00M 298.00M 183.00M 104.00M 144.00M 127.00M 166.00M 75.00M 184.00M 138.00M 215.00M 108.39M 44.13M 12.31M 8.05M 4.79M 6.19M 16.98M 32.37M 9.45M
Cash at End of Period 798.00M 667.00M 128.00M 286.00M 207.00M 342.00M 298.00M 183.00M 104.00M 144.00M 118.00M 166.00M 75.00M 184.00M 138.00M 214.54M 107.18M 44.13M 12.31M 8.05M 4.79M 6.19M 16.98M 32.37M
Operating Cash Flow 266.00M 204.00M 47.00M 461.00M -2,479.00M -1,937.00M -853.00M -509.00M 462.00M 433.00M -141.00M -52.00M 577.00M 244.00M -165.00M 675.62M 103.99M 279.17M 426.99M 385.85M 261.57M 175.81M -44.58M 200.03M
Capital Expenditure 0.00M 0.00M 0.00M 0.00M 25.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M -62.11M 0.00M
Free Cash Flow 266.00M 204.00M 47.00M 461.00M -2,454.00M -1,937.00M -853.00M -509.00M 462.00M 433.00M -141.00M -52.00M 577.00M 244.00M -165.00M 675.62M 103.99M 279.17M 426.99M 385.85M 261.57M 175.81M -106.69M 200.03M

Free Cash Flow

Metric TTM TTM-1 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31 2017-12-31 2016-12-31 2015-12-31 2014-12-31 2013-12-31 2012-12-31 2011-12-31 2010-12-31 2009-12-31 2008-12-31 2007-12-31 2006-12-31 2005-12-31 2004-12-31 2003-12-31
EBITDA 657.00M 783.00M 618.00M 589.00M 396.00M 674.00M 637.00M 635.00M 755.00M 1,101.00M 1,067.00M 1,511.00M 1,588.00M 1,096.00M 245.00M 1,486.00M 1,153.00M 349.19M 286.09M -354.45M 276.40M 186.69M 273.83M 311.92M
(-) Tax Adjustment 124.67M 0.00M 121.57M 0.00M 29.43M 81.95M 69.41M 86.22M 76.80M 289.97M 142.69M 395.96M 459.49M 320.55M 40.83M 369.69M 107.96M 95.89M 100.13M -122.29M 44.00M 33.48M 59.27M 40.16M
(-) Change In Working Capital -322.00M -331.00M -110.00M -136.00M -1,324.00M 2.00M -342.00M -700.00M -165.00M -284.00M -720.00M -471.00M -185.00M -554.00M -678.00M 55.73M -741.08M -142.04M 307.24M 135.06M 143.30M -22.76M 94.73M 104.83M
(-) Capital Expenditure 0.00M 0.00M 0.00M 0.00M 25.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M -62.11M 0.00M
Unlevered Free Cash Flow 854.33M 1,114.00M 606.43M 725.00M 1,665.57M 590.05M 909.59M 1,248.78M 843.20M 1,095.03M 1,644.31M 1,586.04M 1,313.51M 1,329.45M 882.17M 1,060.57M 1,786.12M 395.35M -121.29M -367.22M 89.11M 175.97M 57.72M 166.93M
(-) Net Interest Income After Taxes -72.92M -91.00M -73.10M -90.00M -74.98M 102.77M -75.74M -76.92M -84.44M -71.45M -88.36M -74.53M -65.38M -58.02M -76.67M -74.37M -90.64M -45.54M -15.13M -15.41M -11.58M -11.10M -8.38M -4.97M
Net Debt Issuance 135.00M -165.00M -375.00M -156.00M 1,233.00M 2,522.00M 740.00M 172.00M -101.00M -30.00M -613.00M -4.00M 476.00M -538.00M -209.00M -1,075.42M -671.75M -14.82M 0.00M 0.00M 0.00M 0.00M -2.70M 0.00M
Levered Free Cash Flow 1,062.25M 1,040.00M 304.52M 659.00M 2,973.55M 3,009.27M 1,725.33M 1,497.70M 826.64M 1,136.48M 1,119.67M 1,656.57M 1,854.89M 849.47M 749.83M 59.52M 1,205.00M 426.07M -106.15M -351.81M 100.69M 187.07M 63.40M 171.90M