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Definitive Analysis

Financial Statements

Periods / Units / Analysis

Ticker

Industry

Sector

Page: Company Financials

Arcos Dorados Holdings Inc.

Ticker: ARCO | Industry: Restaurants | Sector: Consumer Cyclical
$7.80 -0.03 (-0.38%)
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
Stock Price 7.98 9.05 10.03 7.63 5.47 4.11 7.23 7.47 8.81 4.73 3.95 8.05 11.90 14.83 21.20 20.90
Market Capitalization 1,680.04M 1,905.42M 2,112.08M 1,606.51M 1,145.59M 844.77M 1,503.97M 1,585.06M 1,885.66M 1,016.32M 850.31M 1,714.76M 2,548.55M 3,176.56M 4,693.44M 5,158.45M
(-) Cash & Equivalents 275.83M 120.67M 198.96M 275.13M 198.97M 141.66M 139.60M 212.70M 250.95M 177.48M 89.52M 115.32M 196.87M 204.65M 205.77M 52.02M
(+) Total Debt 2,114.01M 1,700.55M 1,648.11M 1,568.35M 1,575.72M 1,356.50M 1,518.51M 632.40M 621.64M 660.49M 723.74M 854.24M 760.81M 626.39M 529.75M 117.34M
Enterprise Value 3,518.22M 3,485.30M 3,561.23M 2,899.73M 2,522.34M 2,059.61M 2,882.88M 2,004.76M 2,256.35M 1,499.33M 1,484.53M 2,453.67M 3,112.48M 3,598.30M 5,017.43M 5,223.77M

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
Revenue 4,556M 4,501M 4,470M 4,332M 3,619M 2,660M 1,984M 2,959M 3,082M 3,320M 2,929M 3,053M 3,651M 4,033M 3,797M 3,658M 3,018M 2,665M 2,607M 1,974M 1,614M
Cost of Revenue 3,992M 3,919M 3,884M 3,735M 3,126M 2,336M 1,869M 2,592M 2,668M 2,871M 2,570M 2,695M 3,213M 3,472M 3,243M 3,006M 2,499M 2,210M 2,222M 1,679M 1,396M
Gross Profit 564M 582M 586M 597M 493M 324M 115M 368M 414M 449M 358M 358M 438M 561M 555M 652M 519M 455M 385M 295M 217M
Gross Profit Margin 12.4% 12.9% 13.1% 13.8% 13.6% 12.2% 5.8% 12.4% 13.4% 13.5% 12.2% 11.7% 12.0% 13.9% 14.6% 17.8% 17.2% 17.1% 14.8% 14.9% 13.5%
R&D Expenses 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M
SG&A Expenses 298M 292M 280M 285M 239M 211M 171M 213M 229M 245M 221M 271M 272M 318M 315M 386M 292M 232M 137M 150M 132M
Operating Expenses 207M 279M 262M 283M 228M 185M 182M 208M 290M 176M 180M 264M 368M 333M 318M 401M 314M 248M 163M 172M 203M
Operating Income (EBIT) 358M 304M 325M 314M 264M 140M -67M 160M 123M 273M 179M 93M 71M 229M 237M 251M 205M 207M 222M 122M 14M
Operating Income Margin 7.9% 6.7% 7.3% 7.2% 7.3% 5.2% -3.4% 5.4% 4.0% 8.2% 6.1% 3.1% 1.9% 5.7% 6.2% 6.9% 6.8% 7.8% 8.5% 6.2% 0.9%
Interest Income 40M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M
Interest Expense 0M 44M 47M 32M 44M 50M 33M 52M 53M 68M 67M 64M 73M 88M 54M 61M 42M 52M 26M 47M 26M
Net Interest Income 40M -44M -47M -32M -44M -50M -33M -52M -53M -68M -67M -64M -73M -88M -54M -61M -42M -52M -26M -47M -26M
Unusual Items -62M -28M -18M -4M 6M -12M -32M 11M 15M -22M 27M -58M -75M -44M -21M -30M -53M -55M -79M -19M -9M
EBT Excluding Unusual Items 398M 259M 277M 282M 221M 90M -100M 108M 71M 205M 112M 29M -2M 140M 182M 190M 163M 154M 196M 75M -12M
Pre-Tax Income 336M 231M 259M 278M 226M 78M -132M 119M 85M 183M 139M -29M -77M 97M 161M 160M 110M 99M 116M 56M -21M
Pre-Tax Margin 7.4% 5.1% 5.8% 6.4% 6.3% 2.9% -6.6% 4.0% 2.8% 5.5% 4.7% -0.9% -2.1% 2.4% 4.2% 4.4% 3.6% 3.7% 4.5% 2.8% -1.3%
Income Tax Expense 90M 84M 110M 96M 85M 32M 18M 39M 48M 53M 60M 23M 32M 43M 46M 45M 3M 19M 12M 49M 26M
Net Income 245M 146M 149M 181M 140M 45M -149M 80M 37M 129M 79M -52M -109M 54M 114M 116M 106M 80M 103M 6M -47M
Net Income Margin 5.4% 3.2% 3.3% 4.2% 3.9% 1.7% -7.5% 2.7% 1.2% 3.9% 2.7% -1.7% -3.0% 1.3% 3.0% 3.2% 3.5% 3.0% 4.0% 0.3% -2.9%
Depreciation & Amortization 189M 177M 177M 149M 120M 120M 127M 123M 106M 99M 93M 111M 117M 115M 92M 72M 63M 56M 49M -19M -9M
EBITDA 546M 481M 502M 463M 384M 260M 60M 283M 229M 372M 272M 204M 188M 343M 329M 323M 268M 263M 272M 103M 5M
EBITDA Margin 12.0% 10.7% 11.2% 10.7% 10.6% 9.8% 3.0% 9.6% 7.4% 11.2% 9.3% 6.7% 5.1% 8.5% 8.7% 8.8% 8.9% 9.9% 10.4% 5.2% 0.3%
NOPAT 262M 193M 187M 206M 165M 82M -53M 108M 54M 193M 102M 74M 56M 127M 168M 181M 198M 168M 199M 14M 11M
NOPAT Margin 5.7% 4.3% 4.2% 4.8% 4.5% 3.1% -2.7% 3.6% 1.7% 5.8% 3.5% 2.4% 1.5% 3.2% 4.4% 4.9% 6.6% 6.3% 7.6% 0.7% 0.7%
Owner's Earnings 166M 16M -2M -30M 43M 51M -109M -62M -54M 54M 79M -32M -162M -145M -88M -133M -6M 46M 4M -13M -56M
Owner's Earnings Margin 3.6% 0.4% 0.0% -0.7% 1.2% 1.9% -5.5% -2.1% -1.8% 1.6% 2.7% -1.0% -4.4% -3.6% -2.3% -3.6% -0.2% 1.7% 0.1% -0.7% -3.5%
EPS (Basic) 1.17 0.70 0.71 0.86 0.67 0.22 -0.73 0.38 0.17 0.59 0.36 -0.24 -0.51 0.25 0.54 0.53 0.50 0.38 0.84 0.05 -0.38
EPS (Diluted) 1.16 0.69 0.71 0.86 0.67 0.22 -0.72 0.38 0.17 0.59 0.36 -0.24 -0.51 0.25 0.53 0.52 0.50 0.38 0.48 0.03 -0.22
Shares (Basic) 211M 211M 211M 211M 211M 210M 205M 207M 212M 217M 217M 216M 216M 210M 215M 221M 212M 212M 245M 245M 245M
Shares (Diluted) 211M 211M 211M 211M 211M 211M 208M 210M 216M 218M 217M 216M 216M 216M 216M 222M 213M 213M 213M 213M 213M

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 2013-12-31
B 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 1,842.32M
Franchise 0.00M 0.00M 203.41M 194.20M 161.41M 116.03M 89.60M 146.79M 148.96M 0.00M
Franchise, Initial Fees 0.00M 0.00M 0.38M 0.42M 0.40M 0.00M 0.00M 0.00M 0.00M 0.00M
Franchise, Rental Income 0.00M 0.00M 202.78M 193.52M 160.80M 0.00M 0.00M 0.00M 0.00M 0.00M
Franchise, Royalty Fees 0.00M 0.00M 0.26M 0.27M 0.22M 0.00M 0.00M 0.00M 0.00M 0.00M
Product 0.00M 0.00M 0.00M 0.00M 0.00M 2,543.91M 0.00M 0.00M 2,932.61M 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 2018-12-31 2017-12-31 2016-12-31 2015-12-31 2014-12-31 2013-12-31
ARGENTINA 0.00M 0.00M 600.30M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
BRAZIL 0.00M 0.00M 1,768.31M 1,701.55M 1,429.11M 0.00M 0.00M 0.00M 1,345.45M 1,496.57M 1,333.24M 1,361.99M 1,816.05M 0.00M
Brazil 0.00M 0.00M 0.00M 0.00M 0.00M 1,002.78M 862.75M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Caribbean Division 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 381.09M 399.25M 483.74M 474.82M 409.67M 398.14M 594.22M 830.45M
MEXICO 0.00M 0.00M 447.39M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
North Latin America Division 0.00M 0.00M 0.00M 1,132.91M 920.19M 780.87M 311.89M 431.27M 406.85M 386.87M 363.97M 367.36M 385.11M 407.77M
Other Countries 0.00M 0.00M 1,654.17M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
South Latin America Division 0.00M 0.00M 0.00M 1,497.42M 1,269.61M 876.29M 428.49M 742.99M 845.53M 961.26M 821.76M 925.24M 855.69M 952.77M

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
Cash & Cash Equivalents 182.80M 147.05M 135.06M 196.66M 266.94M 278.83M 165.99M 121.88M 197.28M 308.49M 194.80M 112.52M 139.03M 175.65M 184.85M 176.30M 208.10M 167.98M 105.98M 92.58M 102.38M
Short-Term Investments 74.08M 86.81M 3.53M 50.11M 37.46M 0.00M 0.00M 0.03M 0.00M 19.59M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Cash & Short-Term Investments 256.87M 233.86M 138.59M 246.77M 304.40M 278.83M 165.99M 121.91M 197.28M 328.08M 194.80M 112.52M 139.03M 175.65M 184.85M 176.30M 208.10M 167.98M 105.98M 92.58M 102.38M
Net Receivables 149.63M 201.15M 161.91M 186.70M 151.06M 104.21M 114.20M 128.04M 109.64M 147.61M 112.08M 98.98M 152.98M 247.27M 236.77M 144.37M 186.88M 118.67M 0.00M 0.00M 0.00M
Inventory 56.89M 56.66M 51.65M 52.83M 50.09M 37.80M 33.60M 37.82M 46.09M 82.74M 48.92M 44.64M 53.40M 105.42M 54.82M 50.73M 66.43M 50.55M 0.00M 0.00M 0.00M
Other Current Assets 73.63M 132.01M 1.13M 1.20M 78.22M 1.21M 22.79M 19.41M 15.15M 19.06M 18.23M 23.19M 29.27M 43.75M 23.91M 87.66M 17.48M 21.29M 274.29M 290.22M 190.33M
Total Current Assets 537.02M 623.68M 353.28M 487.49M 583.77M 422.05M 336.58M 307.17M 368.16M 577.48M 374.03M 279.33M 374.69M 572.09M 500.35M 459.06M 478.89M 358.47M 380.28M 382.80M 292.72M
Property, Plant & Equipment 2,355.09M 2,292.29M 2,077.54M 2,075.46M 1,680.96M 1,513.05M 1,587.50M 1,890.92M 865.97M 901.05M 861.25M 833.36M 1,116.28M 1,244.31M 1,176.35M 1,023.18M 911.73M 785.86M 709.67M 724.67M 1,243.23M
Goodwill 0.00M 0.00M 13.34M 11.90M 7.23M 5.21M 5.60M 6.78M 5.94M 7.08M 7.12M 12.25M 14.90M 16.90M 18.18M 17.75M 17.54M 15.53M 0.00M 0.00M 0.00M
Intangible Assets 145.82M 144.14M 53.30M 58.13M 47.34M 33.60M 31.45M 36.26M 35.08M 40.65M 35.93M 37.24M 42.97M 53.47M 49.09M 40.67M 29.72M 21.87M 0.00M 0.00M 0.00M
Long-Term Investments 45.00M 82.28M 14.35M 18.11M 14.71M 13.11M 121.90M 134.12M 132.62M 110.00M 65.69M 6.74M 9.52M 0.49M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Tax Assets 0.00M 111.22M 90.29M 98.16M 87.97M 67.80M 55.57M 68.37M 58.33M 74.30M 70.45M 63.32M 75.32M 97.69M 133.71M 142.85M 190.76M 145.78M 0.00M 0.00M 0.00M
Other Non-Current Assets 370.85M 118.82M 175.44M 152.20M 114.05M 188.38M 76.41M 15.87M 15.54M 17.62M 19.44M 75.08M 88.60M 100.95M 70.34M 62.35M 82.15M 119.89M 213.82M 138.12M 151.73M
Other Assets 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
Total Non-Current Assets 2,916.77M 2,748.74M 2,424.25M 2,413.96M 1,952.27M 1,821.14M 1,878.42M 2,152.32M 1,113.48M 1,150.71M 1,059.86M 1,027.98M 1,347.58M 1,513.81M 1,447.67M 1,286.79M 1,231.91M 1,088.94M 923.49M 862.80M 1,394.96M
Total Assets 3,453.78M 3,372.42M 2,777.53M 2,901.45M 2,536.03M 2,243.19M 2,215.00M 2,459.49M 1,481.63M 1,728.19M 1,433.89M 1,307.31M 1,722.27M 2,085.90M 1,948.02M 1,745.85M 1,710.80M 1,447.41M 1,303.76M 1,245.60M 1,687.68M
Accounts Payable 319.99M 313.23M 347.90M 374.99M 353.47M 269.22M 209.54M 259.58M 242.46M 303.45M 217.91M 187.69M 220.34M 311.06M 244.37M 184.11M 186.70M 124.56M 0.00M 0.00M 0.00M
Short-Term Debt 7.58M 133.67M 62.88M 31.34M 19.35M 4.74M 3.13M 16.53M 4.19M 4.36M 28.10M 163.74M 38.68M 12.28M 2.20M 3.81M 17.95M 11.05M 15.31M 0.22M 6.41M
Tax Payables 0.00M 0.00M 118.47M 163.14M 146.68M 137.36M 91.28M 123.81M 114.85M 136.92M 112.59M 97.59M 120.76M 137.49M 125.71M 138.99M 124.68M 79.49M 0.00M 0.00M 0.00M
Deferred Revenue 0.00M 0.00M 6.82M 1.58M 0.00M 0.00M 172.53M 236.58M 114.85M 274.73M 34.34M 217.03M 27.97M 281.21M 324.55M 399.53M 360.54M 227.61M 0.00M 0.00M 0.00M
Other Current Liabilities 22.33M 135.52M 14.71M 33.76M 116.90M 16.88M 94.98M 110.13M 115.54M 145.19M 167.63M 121.02M 169.48M 201.11M 191.31M 85.81M 221.03M 164.49M 373.05M 375.35M 286.32M
Total Current Liabilities 349.89M 582.41M 550.77M 604.81M 636.40M 428.20M 571.46M 746.62M 591.88M 864.65M 560.58M 787.06M 577.23M 943.15M 888.15M 812.25M 910.89M 607.20M 388.36M 375.57M 292.72M
Long-Term Debt 973.97M 944.46M 715.97M 713.04M 711.67M 739.22M 773.45M 623.58M 626.42M 629.14M 551.58M 491.33M 761.08M 771.17M 649.97M 525.95M 451.42M 454.46M 351.87M 352.46M 19.72M
Capital Lease Obligations 1,080.70M 0.00M 941.44M 946.61M 830.59M 786.24M 809.44M 931.73M 6.50M 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 1.96M 2.08M 1.17M 3.93M 7.17M 5.07M 4.30M 0.96M 10.58M 1.87M 8.22M 4.18M 6.11M 9.01M 4.65M 6.38M 0.77M 0.00M 0.00M 0.00M
Other Non-Current Liabilities 133.13M 121.67M 39.86M 80.78M 78.46M 58.34M 61.34M 39.02M 42.36M 47.10M 37.94M 19.38M 34.05M 48.52M 65.60M 75.88M 53.48M 37.58M 122.78M 109.79M 116.14M
Total Non-Current Liabilities 2,187.79M 1,068.09M 1,699.35M 1,741.59M 1,624.65M 1,590.97M 1,649.30M 1,598.63M 676.24M 686.82M 591.39M 518.93M 799.31M 825.80M 724.58M 606.49M 511.28M 492.81M 474.65M 462.25M 135.86M
Total Liabilities 2,537.68M 1,650.50M 2,250.12M 2,346.40M 2,261.05M 2,019.17M 2,220.75M 2,345.24M 1,268.12M 1,551.47M 1,151.96M 1,305.99M 1,376.54M 1,768.95M 1,612.72M 1,418.73M 1,422.17M 1,100.01M 863.01M 837.82M 428.58M
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 0.00M 0.00M 0.00M 0.00M
Common Stock 522.88M 522.88M 522.88M 522.82M 522.31M 521.28M 519.52M 516.12M 512.76M 509.65M 506.88M 504.77M 498.62M 491.74M 484.57M 484.57M 377.55M 377.55M 377.55M 377.55M 377.55M
Retained Earnings 800.78M 650.35M 664.39M 566.19M 424.94M 316.18M 290.90M 471.15M 413.07M 401.13M 271.97M 193.16M 244.79M 404.29M 400.76M 336.71M 271.39M 205.37M 0.00M 0.00M 0.00M
Accumulated OCI -568.15M -582.28M -668.48M -563.08M -613.46M -607.77M -584.86M -519.51M -502.27M -429.35M -441.65M -424.26M -302.47M -218.74M -158.82M -148.39M -98.66M -127.79M 65.67M 32.70M 881.56M
Minority Interest 1.50M 1.40M 1.35M 1.56M 0.80M 0.73M 0.47M 0.43M 0.38M 0.49M 0.59M 0.62M 0.67M 0.76M 1.17M 1.01M 1.39M 1.39M 0.00M 0.00M 0.00M
Total Shareholders’ Equity 755.51M 590.95M 518.79M 525.93M 333.78M 229.70M 225.55M 467.76M 423.57M 481.43M 337.20M 273.67M 440.94M 677.29M 726.51M 672.89M 550.27M 455.12M 443.22M 410.25M 1,259.10M
Total Equity 757.00M 592.35M 520.14M 527.49M 334.59M 230.43M 226.02M 468.19M 423.94M 481.93M 337.79M 274.28M 441.61M 678.05M 727.68M 673.90M 551.66M 456.51M 443.22M 410.25M 1,259.10M
Total Liabilities & Equity 3,294.68M 2,242.85M 2,770.26M 2,873.89M 2,595.63M 2,249.60M 2,446.77M 2,813.43M 1,692.07M 2,033.39M 1,489.75M 1,580.28M 1,818.15M 2,447.00M 2,340.40M 2,092.63M 1,973.83M 1,556.52M 1,306.23M 1,248.07M 1,687.68M
Tangible Assets 3,307.96M 3,228.28M 2,710.89M 2,831.43M 2,481.46M 2,204.38M 2,177.95M 2,416.44M 1,440.61M 1,680.46M 1,390.85M 1,257.82M 1,664.41M 2,015.53M 1,880.74M 1,687.43M 1,663.53M 1,410.01M 1,303.76M 1,245.60M 1,687.68M
Tangible Equity 611.18M 448.21M 453.49M 457.46M 280.02M 191.62M 188.98M 425.15M 382.92M 434.20M 294.74M 224.80M 383.75M 607.67M 660.41M 615.48M 504.40M 419.11M 443.22M 410.25M 1,259.10M
Tangible Book Value 611.18M 448.21M 453.49M 457.46M 280.02M 191.62M 188.98M 425.15M 382.92M 434.20M 294.74M 224.80M 383.75M 607.67M 660.41M 615.48M 504.40M 419.11M 443.22M 410.25M 1,259.10M
Total Investments 119.08M 169.09M 17.88M 68.22M 52.17M 13.11M 121.90M 134.14M 132.62M 129.59M 65.69M 6.74M 9.52M 0.49M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Net Debt 798.74M 931.07M 643.79M 547.71M 464.09M 465.13M 610.59M 518.22M 433.33M 325.01M 384.88M 542.55M 660.73M 607.80M 467.32M 353.46M 261.27M 297.53M 261.19M 260.10M -76.26M

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
Working Capital -83.4M -154.9M -297.5M -236.4M -75.0M -77.7M -87.9M -190.1M -28.8M 47.5M -103.1M -198.7M -94.9M 7.3M 23.2M -0.7M -52.8M -2.8M -8.1M 7.2M 0.0M
Total Capital 2,807.0M 2,602.5M 2,228.4M 2,206.3M 1,885.2M 1,750.6M 1,802.8M 1,993.0M 1,023.0M 1,129.2M 930.7M 945.1M 1,256.7M 1,480.0M 1,397.3M 1,208.4M 1,017.2M 918.2M 807.9M 760.5M 1,285.2M
Capital Employed 2,833.4M 2,593.8M 2,126.7M 2,177.6M 1,877.2M 1,743.4M 1,790.5M 1,962.2M 1,084.7M 1,198.2M 956.7M 829.3M 1,252.7M 1,521.1M 1,470.9M 1,286.1M 1,179.1M 1,086.1M 915.4M 870.0M 1,395.0M
Invested Capital 2,624.2M 2,455.4M 2,093.3M 2,009.6M 1,618.3M 1,471.8M 1,636.8M 1,871.1M 825.7M 820.7M 735.9M 832.6M 1,117.6M 1,304.4M 1,212.5M 1,032.1M 809.1M 750.2M 701.9M 667.9M 1,182.8M

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
Net Income 245.35M 146.13M 148.76M 181.27M 140.34M 45.49M -149.45M 79.90M 36.85M 129.17M 78.81M -51.63M -109.33M 53.85M 114.33M 115.53M 106.02M 80.02M 103.04M
Depreciation & Amortization 188.58M 177.17M 177.35M 149.27M 119.78M 120.39M 126.85M 123.22M 105.80M 99.38M 92.97M 110.72M 116.81M 114.86M 92.33M 71.82M 63.22M 56.30M 49.50M
Deferred Income Tax 0.00M -2.90M -11.39M -4.31M -15.45M -16.07M 0.47M -7.97M 0.65M 1.73M 5.50M -9.06M 7.42M 9.11M 14.23M -2.88M -61.10M -49.83M 0.00M
Stock-Based Compensation 0.25M 0.00M 0.95M 14.34M 6.09M 0.76M 1.36M 4.06M 2.64M 4.22M 3.56M 4.08M 9.25M 7.03M 1.27M 0.00M 0.00M 0.00M 0.00M
Change in Working Capital -169.83M -37.18M -60.31M 22.62M 84.32M 92.57M -6.78M 26.09M 21.44M 65.08M 56.22M 16.58M 42.39M -23.82M -16.18M 8.13M 58.66M 22.45M 25.98M
Accounts Receivable 0.00M 0.00M -11.34M -61.24M -56.79M -4.69M -13.21M 5.14M 12.53M 19.42M -9.07M 36.04M 4.83M -27.73M -66.62M -10.31M 41.26M -1.84M 14.15M
Inventory 0.00M 0.00M -4.25M 4.83M -33.17M -38.66M -25.03M -21.80M -12.07M -53.47M 26.76M -45.90M 53.08M -102.36M 14.63M -42.42M -39.74M 20.82M 0.00M
Accounts Payable 0.00M 0.00M 24.46M 70.00M 111.96M 78.20M -23.99M 39.43M 16.56M 102.66M 35.82M 25.02M -16.13M 96.96M 22.58M 54.50M 48.07M 3.60M 23.14M
Other Working Capital -169.83M -37.18M -69.18M 9.03M 62.32M 57.71M 55.45M 3.32M 4.41M -3.54M 2.71M 1.43M 0.61M 9.31M 13.24M 6.35M 9.07M -0.14M -11.30M
Other Non-Cash Items 6.62M -44.14M 11.48M 18.78M 10.36M 14.91M 43.52M -1.81M 12.36M -44.40M -72.87M 42.00M 126.55M 55.98M 24.14M 155.80M 37.76M -12.13M 19.85M
Net Cash from Operating Activities 270.97M 239.08M 266.85M 381.97M 345.44M 258.04M 15.97M 223.48M 179.73M 255.17M 164.19M 112.69M 193.09M 217.01M 230.11M 261.62M 263.88M 148.02M 198.36M
Capital Expenditures (PPE) -268.39M -307.22M -327.64M -360.10M -217.12M -115.00M -86.31M -265.24M -197.04M -174.77M -92.28M -90.96M -169.81M -313.46M -294.48M -319.86M -175.67M -90.11M -148.89M
Acquisitions (Net) -82.84M 69.28M -6.08M -2.08M -4.80M -0.19M -3.83M 2.16M 10.16M 9.54M 25.09M 2.77M 1.11M 6.13M -6.00M -5.99M -0.50M -11.06M -13.77M
Purchases of Investments -106.39M -34.78M -30.00M -86.72M -41.08M 0.00M 0.00M 0.00M 2.89M -19.59M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Sales / Maturities of Investments 12.60M 71.54M 76.11M 66.74M 0.00M 0.00M 0.00M 0.00M 19.59M 61.98M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Investing Activities 89.97M -38.84M 7.27M 1.81M 3.35M 6.91M 1.44M 2.08M 0.62M -1.65M 90.21M 28.08M -0.26M -3.32M -5.94M 5.72M -2.05M 4.80M 10.50M
Net Cash from Investing Activities -355.05M -240.02M -280.33M -380.35M -259.65M -108.28M -88.71M -260.99M -163.78M -124.48M 23.02M -60.12M -168.96M -310.66M -306.42M -320.13M -178.22M -96.37M -152.17M
Net Debt Issuance 259.48M 32.82M 33.67M 5.64M -21.43M -37.17M 140.61M 13.16M 0.00M 46.60M -94.69M -40.75M 59.56M 158.63M 152.57M 92.23M 3.81M 443.57M 14.29M
Long-Term Debt Issuance 260.33M 2.33M -0.50M -23.74M -21.79M -37.17M 151.19M 0.00M 0.00M 46.60M -94.69M -11.71M 33.27M 149.89M 152.73M 103.10M 0.00M 446.11M 0.00M
Short-Term Debt Issuance -0.84M 30.48M 34.17M 29.38M 0.36M 0.00M -10.58M 13.16M 0.00M 0.00M -2.49M -29.04M 26.30M 8.74M -0.16M -10.87M 3.81M -2.54M 14.29M
Net Stock Issuance 0.00M -1.89M 0.00M 0.00M 337.96M 0.00M 0.00M -13.97M -46.04M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 152.28M 0.00M 0.00M 0.00M
Common Stock Issuance 0.00M 0.00M 0.00M 0.00M 349.97M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 152.28M 0.00M 0.00M 0.00M
Common Stock Repurchased 0.00M -1.89M 0.00M 0.00M -12.01M 0.00M 0.00M -13.97M -46.04M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M -33.40M 0.00M 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 0.00M
Net Dividends Paid -50.56M -40.68M -50.56M -40.02M -31.59M -0.02M -10.22M -22.43M -20.94M 0.00M 0.00M -12.51M -50.04M -37.53M -50.04M -56.63M 0.00M 0.00M 0.00M
Common Dividends Paid -50.56M -40.68M -50.56M -40.02M -31.59M -0.02M -10.22M -22.43M -20.94M 0.00M 0.00M -12.51M -50.04M -37.53M -50.04M -56.63M -33.40M 0.00M 0.00M
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 0.00M 0.00M 0.00M
Other Financing Activities -44.19M -16.62M -20.27M 22.56M -344.92M 19.26M -4.38M -6.40M -6.47M -49.96M -18.30M 11.00M -8.34M -18.80M -11.89M -152.21M -21.69M -419.20M -29.10M
Net Cash from Financing Activities 164.73M -26.37M -37.16M -11.82M -59.98M -17.93M 126.01M -29.63M -73.44M -3.35M -113.00M -42.26M 1.18M 102.30M 90.65M 35.67M -51.29M 24.37M -14.81M
Effect of FX on Cash -13.77M -23.09M -10.95M -60.07M -37.70M -19.00M -9.16M -8.26M -53.71M -13.65M 8.07M -36.82M -61.93M -17.86M -5.79M -8.96M 5.76M -14.03M 0.00M
Net Change in Cash 66.89M -50.40M -61.60M -70.28M -11.89M 112.84M 44.11M -75.40M -111.21M 113.69M 82.28M -26.51M -36.62M -9.20M 8.55M -31.80M 40.12M 61.99M 0.00M
Cash at Beginning of Period 802.63M 594.68M 196.66M 266.94M 278.83M 165.99M 121.88M 197.28M 308.49M 194.80M 112.52M 139.03M 175.65M 184.85M 176.30M 208.10M 167.98M 105.98M 92.58M
Cash at End of Period 869.52M 544.28M 135.06M 196.66M 266.94M 278.83M 165.99M 121.88M 197.28M 308.49M 194.80M 112.52M 139.03M 175.65M 184.85M 176.30M 208.10M 167.98M 105.98M
Operating Cash Flow 270.97M 239.08M 266.85M 381.97M 345.44M 258.04M 15.97M 223.48M 179.73M 255.17M 164.19M 112.69M 193.09M 217.01M 230.11M 261.62M 263.88M 148.02M 198.36M
Capital Expenditure -268.39M -307.22M -327.64M -360.10M -217.12M -115.00M -86.31M -265.24M -197.04M -174.77M -92.28M -90.96M -169.81M -313.46M -294.48M -319.86M -175.67M -90.11M -148.89M
Free Cash Flow 2.58M -68.13M -60.79M 21.87M 128.32M 143.05M -70.35M -41.75M -17.31M 80.40M 71.91M 21.73M 23.28M -96.45M -64.37M -58.24M 88.21M 57.92M 49.47M

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
EBITDA 455.03M 467.70M 483.92M 461.41M 373.12M 233.54M 70.91M 278.24M 290.40M 303.74M 230.16M 197.56M 283.14M 358.45M 332.23M 337.24M 290.24M 279.67M 297.79M
(-) Tax Adjustment 121.88M 163.69M 169.37M 158.78M 130.59M 81.74M 0.00M 90.84M 101.64M 88.58M 80.56M 0.00M 0.00M 125.46M 95.72M 93.77M 9.12M 52.82M 30.85M
(-) Change In Working Capital -169.83M -37.18M -60.31M 22.62M 84.32M 92.57M -6.78M 26.09M 21.44M 65.08M 56.22M 16.58M 42.39M -23.82M -16.18M 8.13M 58.66M 22.45M 25.98M
(-) Capital Expenditure -268.39M -307.22M -327.64M -360.10M -217.12M -115.00M -86.31M -265.24M -197.04M -174.77M -92.28M -90.96M -169.81M -313.46M -294.48M -319.86M -175.67M -90.11M -148.89M
Unlevered Free Cash Flow 234.59M 33.96M 47.22M -80.08M -58.90M -55.76M -8.62M -103.92M -29.72M -24.68M 1.10M 90.02M 70.94M -56.65M -41.79M -84.52M 46.79M 114.30M 92.06M
(-) Net Interest Income After Taxes -2.20M -28.84M -30.70M -21.17M -28.44M -32.20M -33.39M -35.08M -34.36M -48.42M -43.47M -64.41M -72.75M -57.30M -38.62M -43.86M -40.30M -42.56M -23.55M
Net Debt Issuance 259.48M 32.82M 33.67M 5.64M -21.43M -37.17M 140.61M 13.16M 0.00M 46.60M -94.69M -40.75M 59.56M 158.63M 152.57M 92.23M 3.81M 443.57M 14.29M
Levered Free Cash Flow 496.28M 95.62M 111.59M -53.26M -51.89M -60.72M 165.38M -55.69M 4.65M 70.34M -50.12M 113.67M 203.26M 159.28M 149.40M 51.56M 90.90M 600.44M 129.90M