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Definitive Analysis

Financial Statements

Periods / Units / Analysis

Ticker

Industry

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Page: Company Financials

First American Financial Corporation

Ticker: FAF | Industry: Insurance - Specialty | Sector: Financial Services
$60.57 +1.54 (2.61%)
As of: 2026-01-15

Master Data Export


Enterprise Value

Metric MRQ MRQ-1 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009
Stock Price 64.24 61.39 63.75 60.39 58.40 54.05 66.07 48.24 56.39 51.62 47.50 38.56 36.97 28.84 25.02 19.83 14.41 14.40 15.05
Market Capitalization 6,648.84M 6,366.14M 6,609.13M 6,275.49M 6,087.92M 5,798.82M 7,329.72M 5,432.93M 6,375.25M 5,809.89M 5,302.48M 4,260.23M 4,008.24M 3,083.44M 2,674.67M 2,109.12M 1,514.38M 1,499.22M 1,565.29M
(-) Cash & Equivalents 2,911.50M 2,031.20M 2,329.27M 2,056.63M 2,366.80M 1,775.25M 1,857.67M 1,370.36M 1,527.99M 1,557.38M 1,212.35M 1,188.81M 1,036.27M 1,073.61M 886.40M 728.12M 601.31M 626.88M 338.05M
(+) Total Debt 0.00M 1,769.50M 1,427.07M 2,164.13M 2,193.85M 2,344.25M 1,978.91M 1,565.80M 1,262.09M 798.53M 734.23M 658.64M 585.04M 487.49M 315.74M 263.14M 288.98M 287.52M 130.85M
Enterprise Value 3,737.34M 6,104.44M 5,706.93M 6,382.99M 5,914.97M 6,367.82M 7,450.95M 5,628.37M 6,109.35M 5,051.03M 4,824.36M 3,730.06M 3,557.00M 2,497.31M 2,104.01M 1,644.14M 1,202.04M 1,159.86M 1,358.10M

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
Revenue 7,080M 5,867M 6,121M 5,998M 7,594M 9,214M 7,080M 6,199M 5,745M 5,769M 5,576M 5,175M 4,678M 4,956M 4,542M 3,821M 3,907M 4,047M 4,368M 6,076M
Cost of Revenue 2,619M 2,256M 2,365M 2,289M 3,316M 3,575M 2,764M 2,320M 2,252M 2,314M 2,290M 2,148M 1,922M 2,168M 1,768M 1,615M 1,543M 347M 510M 876M
Gross Profit 4,461M 3,611M 3,756M 3,710M 4,278M 5,639M 4,316M 3,879M 3,493M 3,455M 3,286M 3,028M 2,756M 2,788M 2,774M 2,205M 2,363M 3,700M 3,858M 5,200M
Gross Profit Margin 63.0% 61.5% 61.4% 61.8% 56.3% 61.2% 61.0% 62.6% 60.8% 59.9% 58.9% 58.5% 58.9% 56.3% 61.1% 57.7% 60.5% 91.4% 88.3% 85.6%
R&D Expenses 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M
SG&A Expenses 2,195M 2,019M 2,059M 1,989M 2,340M 2,350M 1,941M 1,806M 1,749M 1,724M 1,655M 1,595M 1,436M 1,489M 1,335M 1,178M 1,207M 2,447M 2,763M 3,934M
Operating Expenses 3,823M 3,472M 3,591M 3,435M 3,953M 3,997M 3,393M 2,974M 2,883M 3,009M 2,808M 2,595M 2,405M 2,477M 2,307M 2,075M 2,151M 3,496M 3,974M 5,409M
Operating Income (EBIT) 639M 138M 165M 274M 326M 1,641M 923M 905M 610M 445M 478M 433M 351M 311M 467M 130M 212M 204M -116M -209M
Operating Income Margin 9.0% 2.4% 2.7% 4.6% 4.3% 17.8% 13.0% 14.6% 10.6% 7.7% 8.6% 8.4% 7.5% 6.3% 10.3% 3.4% 5.4% 5.0% -2.7% -3.4%
Interest Income 0M 0M 537M 546M 357M 191M 206M 298M 237M 147M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M
Interest Expense 157M 139M 150M 133M 93M 72M 57M 48M 41M 36M 32M 29M 19M 15M 9M 12M 15M 20M 27M 43M
Net Interest Income -157M -139M 388M 413M 264M 119M 149M 250M 196M 111M -32M -29M -19M -15M -9M -12M -15M -20M -27M -43M
Unusual Items 157M 105M -388M -413M -264M -119M -149M -250M -196M -111M 32M 29M 19M 15M 9M 12M 15M 20M 27M 43M
EBT Excluding Unusual Items 482M -1M 553M 688M 590M 1,760M 1,072M 1,155M 806M 556M 445M 404M 331M 295M 458M 118M 197M 185M -143M -251M
Pre-Tax Income 639M 104M 165M 274M 326M 1,641M 923M 905M 610M 445M 478M 433M 351M 311M 467M 130M 212M 204M -116M -209M
Pre-Tax Margin 9.0% 1.8% 2.7% 4.6% 4.3% 17.8% 13.0% 14.6% 10.6% 7.7% 8.6% 8.4% 7.5% 6.3% 10.3% 3.4% 5.4% 5.0% -2.7% -3.4%
Income Tax Expense 154M 10M 33M 59M 60M 392M 223M 195M 134M 23M 134M 144M 116M 124M 166M 52M 83M 70M -43M -86M
Net Income 482M 93M 131M 217M 263M 1,241M 696M 707M 474M 423M 343M 288M 234M 186M 301M 78M 128M 122M -84M -143M
Net Income Margin 6.8% 1.6% 2.1% 3.6% 3.5% 13.5% 9.8% 11.4% 8.3% 7.3% 6.2% 5.6% 5.0% 3.8% 6.6% 2.0% 3.3% 3.0% -1.9% -2.4%
Depreciation & Amortization 212M 205M 207M 189M 168M 158M 149M 129M 126M 128M 99M 86M 86M 75M 75M 77M 81M 82M 95M 95M
EBITDA 851M 343M 373M 463M 493M 1,800M 1,072M 1,034M 735M 573M 577M 518M 436M 386M 542M 207M 293M 287M -21M -114M
EBITDA Margin 12.0% 5.8% 6.1% 7.7% 6.5% 19.5% 15.1% 16.7% 12.8% 9.9% 10.3% 10.0% 9.3% 7.8% 11.9% 5.4% 7.5% 7.1% -0.5% -1.9%
NOPAT 485M 125M 133M 216M 265M 1,249M 700M 710M 476M 422M 343M 289M 234M 187M 302M 79M 129M 134M -92M -165M
NOPAT Margin 6.8% 2.1% 2.2% 3.6% 3.5% 13.6% 9.9% 11.5% 8.3% 7.3% 6.2% 5.6% 5.0% 3.8% 6.6% 2.1% 3.3% 3.3% -2.1% -2.7%
Owner's Earnings 493M 80M 120M 142M 171M 1,239M 731M 729M 482M 417M 310M 250M 222M 174M 292M 85M 120M 163M -77M -177M
Owner's Earnings Margin 7.0% 1.4% 2.0% 2.4% 2.2% 13.4% 10.3% 11.8% 8.4% 7.2% 5.6% 4.8% 4.7% 3.5% 6.4% 2.2% 3.1% 4.0% -1.8% -2.9%
EPS (Basic) 4.66 0.89 1.26 2.08 2.46 11.18 6.18 6.26 4.21 3.79 3.10 2.65 2.18 1.74 2.83 0.74 1.22 1.18 -0.81 -1.37
EPS (Diluted) 4.64 0.89 1.26 2.07 2.45 11.14 6.16 6.22 4.19 3.76 3.09 2.62 2.15 1.71 2.77 0.73 1.20 1.18 -0.81 -1.37
Shares (Basic) 104M 104M 104M 104M 107M 111M 113M 113M 113M 112M 111M 108M 107M 107M 106M 105M 104M 104M 104M 104M
Shares (Diluted) 104M 104M 104M 105M 107M 111M 113M 114M 113M 112M 111M 110M 109M 109M 109M 107M 106M 104M 104M 104M

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 2012-12-31 2011-12-31
Corporate 0.0% 0.0% 0.0% 0.0% 0.0% 0.00M 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
Corporate And Eliminations 36.50M 152.60M -0.10M 0.10M 0.00M 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
Corporate Elimination 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% -3.88M
Corporate Segment 26.80M 0.0% -33.40M 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
Intersegment Elimination 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 -3.76M 0.00M
Specialty Insurance Segment 0.00M 0.00M 0.00M 0.00M 422.00M 498.00M 497.53M 471.22M 454.72M 439.47M 411.35M 393.76M 368.67M 0.00M 0.00M
Title Insurance And Services 6,648.50M 5,453.10M 5,737.30M 5,724.80M 6,211.00M 6,857.00M 5,249.45M 4,561.20M 4,337.86M 4,383.04M 4,291.32M 307.45M 0.00M 4,200.52M 3,539.13M
Title Insurance Segment 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 325.39M 0.00M 0.00M
Unallocated Amount To Segment 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 29.89M -1.66M

Geographic Segments

Metric TTM TTM-1 2017-12-31 2016-12-31 2013-12-31 2012-12-31 2011-12-31
Domestic Country 0.00M 0.00M 0.00M 0.00M 4,622.68M 4,179.37M 3,476.02M
Foreign Country 0.00M 0.00M 0.00M 0.00M 320.41M 332.58M 350.09M
Non Us 0.00M 0.00M 281.09M 303.35M 0.00M 0.00M 0.00M
UNITED STATES 0.00M 0.00M 5,477.01M 5,266.57M 0.00M 0.00M 0.00M

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
Cash & Cash Equivalents 2,991.50M 2,031.20M 1,803.50M 3,661.10M 1,224.00M 1,228.00M 1,321.00M 1,530.38M 1,503.34M 1,428.56M 1,027.36M 1,050.55M 1,211.53M 858.33M 698.40M 418.30M 728.75M 583.03M 723.65M 906.39M
Short-Term Investments 0.00M 0.00M 0.00M 0.00M 62.90M 58.00M 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
Cash & Short-Term Investments 2,991.50M 2,031.20M 1,803.50M 3,661.10M 1,286.90M 1,286.00M 1,321.00M 1,530.38M 1,503.34M 1,428.56M 1,027.36M 1,050.55M 1,211.53M 858.33M 698.40M 418.30M 728.75M 583.03M 723.65M 906.39M
Net Receivables 467.00M 412.60M 436.10M 585.10M 389.10M 441.00M 386.00M 335.35M 413.00M 311.08M 299.80M 256.73M 276.61M 236.90M 259.78M 227.85M 234.54M 266.43M 298.60M 338.74M
Inventory 0.00M 0.00M 0.00M 0.00M 8,564.00M -2,365.00M 0.00M 0.00M -2,104.26M -1,979.46M -1,624.40M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Current Assets -3,458.50M 0.00M -2,239.60M -4,246.20M -29.00M 2,941.00M -1,707.00M -1,865.73M 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 Current Assets 0.00M 2,443.80M 0.00M 0.00M 10,211.00M 2,303.00M 0.00M 0.00M -187.91M -239.81M -297.24M 1,307.28M 1,488.14M 1,095.22M 958.18M 646.15M 963.29M 849.46M 1,022.25M 1,245.13M
Property, Plant & Equipment 902.30M 1,146.80M 959.80M 978.90M 885.00M 755.00M 711.00M 733.40M 457.84M 439.57M 434.05M 409.97M 395.29M 361.35M 343.45M 337.58M 345.87M 358.57M 397.25M 438.97M
Goodwill 1,818.50M 1,814.00M 1,804.30M 1,807.50M 1,798.00M 1,588.00M 1,379.00M 1,150.91M 1,144.17M 1,113.01M 1,017.42M 964.34M 959.95M 846.03M 845.86M 818.42M 812.03M 800.99M 806.20M 827.31M
Intangible Assets 790.70M 115.00M 799.10M 806.20M 194.00M 218.00M 779.00M 671.51M 109.37M 99.91M 78.90M 48.11M 55.81M 46.35M 57.10M 59.99M 70.05M 78.89M 87.69M 100.12M
Long-Term Investments 8,990.60M 0.00M 7,957.20M 7,893.10M 8,924.00M 10,538.00M 7,105.00M 6,305.95M 6,067.35M 5,219.20M 4,957.45M 4,600.63M 3,852.66M 3,177.86M 2,849.80M 2,385.91M 2,390.40M 1,889.74M 1,764.65M 1,415.05M
Tax Assets 0.00M 139.10M 0.00M 0.00M 54.00M 14.00M 0.00M 0.00M 16.64M 22.80M 20.04M 22.02M 19.71M 54.78M 36.99M 39.62M 96.85M 0.00M 0.00M 0.00M
Other Non-Current Assets -12,502.10M 0.00M -11,520.40M -11,485.70M -9,863.00M -14.00M -9,974.00M -8,861.77M -16.64M -5,219.20M -4,957.45M -4,600.63M -3,852.66M -3,177.86M -2,849.80M -2,385.91M -2,390.40M -3,128.19M -3,055.80M -2,781.44M
Other Assets 17,610.00M 16,273.90M 14,908.60M 16,802.80M 7,440.00M 1,065.00M 12,796.00M 11,519.17M 4,680.96M 9,682.65M 8,989.79M 8,287.52M 7,339.15M 6,596.61M 6,232.24M 3,468.58M 3,533.74M 1,552.63M 1,587.71M 1,327.96M
Total Non-Current Assets 17,610.00M 19,488.80M 14,908.60M 16,802.80M 9,432.00M 14,164.00M 12,796.00M 11,519.17M 12,459.68M 11,357.94M 10,540.19M 9,731.96M 8,769.91M 7,905.11M 7,515.63M 4,724.19M 4,858.54M 1,552.63M 1,587.71M 1,327.96M
Total Assets 17,610.00M 21,932.60M 14,908.60M 16,802.80M 19,643.00M 16,467.00M 12,796.00M 11,519.17M 12,271.77M 11,118.12M 10,242.95M 11,039.24M 10,258.04M 9,000.34M 8,473.81M 5,370.34M 5,821.83M 2,402.09M 2,609.96M 2,573.09M
Accounts Payable 946.80M 0.00M 66.70M 63.30M 51.00M 87.00M 56.00M 58.58M 47.08M 68.46M 59.27M 55.80M 26.26M 26.38M 27.85M 27.53M 33.35M 31.95M 37.07M 73.74M
Short-Term Debt 1,078.40M 883.80M 643.80M 853.30M 343.00M 538.00M 516.00M 438.41M 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 134.70M 0.00M 27.00M 15.90M 10.00M 24.00M 54.00M 25.48M 8.99M 4.60M 10.38M 7.58M 6.23M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 8.29M
Deferred Revenue 0.00M 0.00M 0.00M 0.00M 197.00M 14.00M 0.00M 0.00M 243.28M 240.82M 228.91M 207.93M 202.76M 192.18M 170.66M 155.63M 144.72M 144.76M 148.07M 155.83M
Other Current Liabilities -2,159.90M -584.20M -1,188.90M -1,349.50M -1,032.60M -567.00M -1,097.00M -844.85M -350.08M -364.62M -345.97M -320.47M -293.89M -280.82M -67.42M -231.18M -377.82M -176.71M -185.14M -701.90M
Total Current Liabilities 0.00M 299.60M -451.40M -417.00M -431.60M 96.00M -471.00M -322.39M -50.73M -50.74M -47.42M -49.16M -58.63M -62.26M 131.10M -48.02M -199.75M 0.00M 0.00M -464.04M
Long-Term Debt 1,545.50M 1,546.80M 1,546.60M 1,093.90M 1,390.00M 1,648.00M 1,011.00M 568.23M 572.02M 732.81M 731.84M 576.03M 587.34M 310.29M 221.32M 299.98M 293.82M 259.31M 293.97M 306.58M
Capital Lease Obligations 221.40M 222.70M 229.90M 246.60M 269.00M 274.00M 296.00M 322.78M 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 139.10M 139.10M 139.10M 63.60M 19.00M 345.00M 291.00M 266.11M 217.10M 219.31M 242.16M 133.10M 95.13M 54.78M 36.99M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Non-Current Liabilities -2,127.70M 9,577.80M -2,126.00M -1,600.90M 8,631.60M 0.00M -1,870.00M -1,409.45M 4,072.76M 3,369.84M 3,097.39M 4,566.53M 4,204.83M 0.00M -428.97M -299.98M -293.82M -259.31M -293.97M -306.58M
Total Non-Current Liabilities -221.70M 11,486.40M -210.40M -196.80M 10,309.60M 2,267.00M -272.00M -252.33M 4,861.88M 4,321.95M 4,071.39M 5,275.66M 4,887.29M 365.06M -170.66M 0.00M 0.00M 0.00M 0.00M 0.00M
Total Liabilities -221.70M 11,786.00M -661.80M -613.80M 9,878.00M 2,363.00M -743.00M -574.72M 4,811.15M 4,271.22M 4,023.97M 5,226.50M 4,828.66M 302.80M -39.56M -48.02M -199.75M 0.00M 0.00M -464.04M
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
Common 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
Retained Earnings 3,857.10M 3,724.50M 3,617.30M 3,710.60M 3,721.00M 3,680.00M 2,655.00M 2,161.05M 1,644.17M 1,311.11M 1,046.82M 846.69M 662.31M 520.76M 387.02M 124.82M 72.07M 0.00M 0.00M 0.00M
Accumulated OCI -286.20M -345.60M -496.40M -655.80M -868.00M -92.00M 40.00M -41.49M -160.58M -67.51M -230.40M -239.00M -199.11M -145.54M -150.56M -177.46M -149.16M -147.49M -261.46M -95.30M
Minority Interest 24.10M 23.10M 18.50M 14.70M 23.00M 16.00M 12.00M 4.52M 3.51M 3.07M 6.17M 3.16M 3.13M 3.19M 3.70M 6.34M 13.70M 13.05M 82.42M 109.68M
Total Shareholders’ Equity 3,570.90M 3,378.90M 3,120.90M 3,054.80M 2,853.00M 3,588.00M 2,695.00M 2,119.56M 1,483.59M 1,243.60M 816.42M 607.69M 463.21M 375.22M 236.46M -52.64M -77.08M -147.49M -261.46M -95.30M
Total Equity 3,595.00M 3,402.00M 3,139.40M 3,069.50M 2,876.00M 3,604.00M 2,707.00M 2,124.08M 1,487.10M 1,246.67M 822.59M 610.85M 466.33M 378.42M 240.16M -46.30M -63.38M -134.44M -179.03M 14.39M
Total Liabilities & Equity 3,373.30M 15,188.00M 2,477.60M 2,455.70M 12,754.00M 5,967.00M 1,964.00M 1,549.36M 6,298.25M 5,517.89M 4,846.56M 5,837.35M 5,294.99M 681.22M 200.60M -94.33M -263.13M -134.44M -179.03M -449.65M
Tangible Assets 15,000.80M 20,003.60M 12,305.20M 14,189.10M 17,651.00M 14,661.00M 10,638.00M 9,696.75M 11,018.23M 9,905.21M 9,146.63M 10,026.78M 9,242.29M 8,107.96M 7,570.86M 4,491.92M 4,939.75M 1,522.22M 1,716.07M 1,645.67M
Tangible Equity 985.80M 1,473.00M 536.00M 455.80M 884.00M 1,798.00M 549.00M 301.66M 233.56M 33.76M -273.72M -401.60M -549.43M -513.96M -662.79M -924.72M -945.46M -1,014.32M -1,072.92M -913.04M
Tangible Book Value 985.80M 1,473.00M 536.00M 455.80M 884.00M 1,798.00M 549.00M 301.66M 233.56M 33.76M -273.72M -401.60M -549.43M -513.96M -662.79M -924.72M -945.46M -1,014.32M -1,072.92M -913.04M
Total Investments 10,161.60M 0.00M 8,647.20M 8,529.60M 17,911.00M 10,596.00M 7,853.00M 6,832.48M 6,067.35M 5,219.20M 4,957.45M 4,600.63M 3,852.66M 3,177.86M 2,849.80M 2,385.91M 2,390.40M 1,889.74M 1,764.65M 1,415.05M
Net Debt -367.60M 399.40M 386.90M -1,713.90M 509.00M 958.00M 206.00M -523.74M -931.32M -695.75M -295.52M -474.51M -624.19M -548.04M -477.08M -118.32M -434.93M -323.72M -429.68M -599.81M

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
Working Capital 0.0M 2,144.2M 0.0M 0.0M 9,953.0M 1,678.0M 0.0M 0.0M 1,633.0M 1,384.4M 1,007.4M 1,012.7M 1,231.4M 853.2M 688.5M 463.0M 785.2M 672.8M 837.1M 1,015.6M
Total Capital 8,146.4M 6,895.7M 7,328.8M 7,041.9M 6,580.0M 8,227.0M 6,733.0M 5,749.9M 4,550.2M 4,212.8M 3,744.9M 3,343.6M 3,160.3M 2,763.3M 2,577.8M 2,328.6M 2,273.8M 2,279.1M 2,185.8M 2,237.4M
Capital Employed 17,610.0M 15,974.3M 14,908.6M 16,802.8M 19,385.0M 15,842.0M 12,796.0M 11,519.2M 14,092.6M 12,742.4M 11,547.6M 10,744.7M 10,001.3M 8,758.3M 8,204.1M 5,187.2M 5,643.8M 5,353.6M 5,480.6M 5,125.0M
Invested Capital 5,154.9M 4,864.5M 5,525.3M 3,380.8M 5,356.0M 6,999.0M 5,412.0M 4,219.5M 3,046.9M 2,784.2M 2,717.5M 2,293.1M 1,948.7M 1,905.0M 1,879.4M 1,910.3M 1,545.1M 1,696.1M 1,462.2M 1,331.0M

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
Net Income 484.70M 92.80M 132.60M 216.80M 265.00M 1,249.10M 700.50M 709.85M 475.90M 421.86M 343.48M 288.87M 234.22M 187.06M 301.73M 78.58M 128.96M 134.28M -72.48M -122.45M
Depreciation & Amortization 212.30M 205.00M 207.40M 188.50M 167.00M 158.40M 148.98M 129.02M 125.93M 128.05M 99.05M 85.60M 85.60M 74.92M 74.95M 76.89M 78.91M 82.48M 95.24M 94.82M
Deferred Income Tax 0.00M 36.80M 0.00M 0.00M 0.00M 0.00M -9.67M -36.83M 85.67M 27.28M 3.71M 27.23M 9.20M 17.61M -61.42M 2.86M -10.33M -25.51M 93.47M 68.70M
Stock-Based Compensation 69.10M 50.70M 52.00M 49.10M 67.30M 53.60M 52.00M 42.47M 41.15M 37.40M 34.13M 24.34M 19.30M 22.30M 14.84M 14.98M 15.16M 14.56M 8.29M 10.82M
Change in Working Capital 147.10M -297.60M 221.00M -271.90M -341.00M 72.70M 125.14M 45.05M 65.39M 47.53M -0.22M 87.26M 31.25M 51.65M 133.91M -468.69M -386.06M -362.70M -528.90M -988.38M
Accounts Receivable -57.50M -30.60M 126.20M -159.10M 83.00M -48.20M -52.87M -27.24M 5.26M 12.43M -10.02M -7.48M -9.95M 23.65M -29.40M 5.37M 4.73M 0.00M 0.00M 0.00M
Inventory 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M -77.17M -18.31M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M -462.98M -407.33M 0.00M 0.00M 0.00M
Accounts Payable -202.00M 112.00M 45.90M -51.90M 0.00M 0.00M 130.04M 45.55M 15.30M 127.68M -29.34M 36.68M -15.00M 5.32M 71.98M -32.07M 5.89M 0.00M 0.00M 0.00M
Other Working Capital 406.60M -379.00M 48.90M -60.90M -424.00M 120.90M 125.14M 45.05M 44.82M -92.58M 39.14M 58.06M 56.21M 22.69M 91.33M 21.00M 10.65M -362.70M -528.90M -988.38M
Other Non-Cash Items -7.10M 443.50M 284.50M 171.80M 621.70M -313.90M 67.71M 23.53M -0.87M -29.98M 9.28M 38.03M -18.93M 24.93M -34.33M 429.20M 328.90M 386.57M 509.56M 875.86M
Net Cash from Operating Activities 906.10M 531.20M 897.50M 354.30M 780.00M 1,219.90M 1,084.66M 913.09M 793.17M 632.13M 489.42M 551.32M 360.64M 378.47M 429.68M 133.82M 155.54M 229.68M 105.18M -60.64M
Capital Expenditures (PPE) -201.90M -218.00M -218.30M -263.40M -260.00M -160.50M -114.08M -106.98M -118.17M -134.21M -132.27M -123.70M -97.22M -87.14M -83.89M -69.80M -88.73M -42.30M -88.63M -128.73M
Acquisitions (Net) -12.70M -7.60M -13.30M -24.70M -278.00M -186.80M -461.60M -120.67M -79.17M -82.99M -106.72M -26.68M -163.32M -5.84M -32.48M -6.86M -15.78M -50.43M -38.99M -69.43M
Purchases of Investments -2,972.90M -5,637.10M -6,298.80M -1,470.10M -3,144.00M -6,348.30M -2,872.91M -2,340.84M -3,157.89M -1,970.60M -2,062.74M -2,123.82M -1,969.01M -1,532.71M -1,796.31M -1,005.80M -1,532.80M -965.14M -1,043.44M -623.91M
Sales / Maturities of Investments 1,925.70M 6,174.40M 5,532.00M 2,560.20M 3,165.00M 3,106.50M 2,479.62M 2,334.11M 2,135.17M 1,808.97M 1,681.65M 1,287.07M 1,310.38M 1,116.38M 1,452.89M 997.96M 1,313.44M 897.42M 397.72M 486.19M
Other Investing Activities -82.70M -322.60M 539.70M -202.50M 122.00M 196.00M -446.17M -217.85M -0.56M -8.34M 9.93M 12.71M 82.48M 44.15M 25.20M 54.24M 44.90M 71.43M -32.16M -33.63M
Net Cash from Investing Activities -1,344.50M -10.90M -458.70M 599.50M -395.00M -3,393.10M -1,415.14M -452.23M -1,220.62M -387.17M -610.15M -974.42M -836.69M -465.16M -434.59M -30.26M -278.97M -89.02M -805.51M -369.51M
Net Debt Issuance -103.50M 787.10M 230.30M -69.20M -169.60M 644.60M 515.00M 196.00M 1.26M -5.54M 154.83M -5.24M 269.37M 80.94M -70.48M 1.07M 32.02M -44.69M -15.24M -88.22M
Long-Term Debt Issuance -103.50M 787.10M 230.30M -69.20M -169.00M 644.60M 675.00M 196.00M 1.26M -5.54M 154.83M -5.24M 269.37M 80.94M -70.48M 1.07M 32.02M -44.69M -15.24M -88.22M
Short-Term Debt Issuance 0.00M 0.00M 0.00M 0.00M -0.60M 0.00M -160.00M 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 Stock Issuance -130.50M -78.00M -68.50M -72.70M -440.70M -99.20M -139.00M -2.00M -18.80M 0.00M -0.45M 0.00M 0.00M -64.61M 0.00M -1.35M 0.00M 0.00M 0.00M 0.00M
Common Stock Issuance 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 2.73M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 2.43M 0.00M 0.00M 0.00M
Common Stock Repurchased -130.50M -78.00M -68.50M -72.70M -440.70M -99.20M -138.60M -2.00M -18.80M 0.00M -0.45M 0.00M 0.00M -64.61M 0.00M -2.50M 242.55M 0.00M 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 1.15M 0.00M 0.00M 0.00M 0.00M
Net Dividends Paid -222.50M -219.70M -220.70M -216.60M -217.00M -213.00M -198.66M -188.44M -178.49M -159.28M -131.54M -108.52M -89.94M -51.32M -44.71M -25.22M -142.50M -92.38M -21.34M -68.77M
Common Dividends Paid -222.50M -219.70M -220.70M -216.60M -217.00M -213.00M -198.66M -188.44M -178.49M -159.28M -131.54M -108.52M -89.94M -51.32M -44.71M -25.22M -12.50M -83.00M -21.34M -68.77M
Preferred Dividends Paid 0.00M 0.00M 0.00M 0.00M -0.50M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M -130.00M 0.00M 0.00M 0.00M
Other Financing Activities 860.00M 358.40M -2,250.50M 1,781.60M 451.30M 1,793.70M -63.41M -450.63M 710.77M 292.85M 83.95M 380.13M 657.63M 287.78M 328.90M -388.51M 331.36M -153.59M 554.18M -57.28M
Net Cash from Financing Activities 403.50M 847.80M -2,309.40M 1,423.10M -376.00M 2,126.10M 113.92M -445.07M 514.74M 128.02M 106.79M 266.36M 837.06M 252.79M 213.72M -414.01M 220.88M -281.28M 517.60M -214.28M
Effect of FX on Cash -7.00M 6.20M -16.60M 4.90M -13.00M -0.40M 6.07M 3.04M -7.37M 8.10M -7.24M -6.02M -5.76M -1.80M 0.11M 0.00M 0.00M 0.00M 0.00M 0.00M
Net Change in Cash -41.90M 1,374.30M -1,887.20M 2,381.80M -4.00M -47.50M -210.49M 18.83M 79.90M 381.09M -21.18M -162.76M 355.24M 164.31M 208.91M -310.45M 97.45M -140.62M -182.74M -644.42M
Cash at Beginning of Period 8,747.80M 8,739.40M 3,605.30M 1,223.50M 1,228.00M 1,275.50M 1,485.96M 1,467.13M 1,387.23M 1,006.14M 1,027.32M 1,190.08M 834.84M 670.53M 418.30M 728.75M 631.30M 723.65M 906.39M 1,550.81M
Cash at End of Period 8,705.90M 10,113.70M 1,718.10M 3,605.30M 1,224.00M 1,228.00M 1,275.47M 1,485.96M 1,467.13M 1,387.23M 1,006.14M 1,027.32M 1,190.08M 834.84M 627.21M 418.30M 728.75M 583.03M 723.65M 906.39M
Operating Cash Flow 906.10M 531.20M 897.50M 354.30M 780.00M 1,219.90M 1,084.66M 913.09M 793.17M 632.13M 489.42M 551.32M 360.64M 378.47M 429.68M 133.82M 155.54M 229.68M 105.18M -60.64M
Capital Expenditure -201.90M -218.00M -218.30M -263.40M -260.00M -160.50M -114.08M -106.98M -118.17M -134.21M -132.27M -123.70M -97.22M -87.14M -83.89M -69.80M -88.73M -42.30M -88.63M -128.73M
Free Cash Flow 704.20M 313.20M 679.20M 90.90M 520.00M 1,059.40M 970.58M 806.11M 675.00M 497.93M 357.15M 427.63M 263.42M 291.33M 345.78M 64.02M 66.82M 187.37M 16.55M -189.36M

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
EBITDA 2,478.90M 1,796.90M 1,904.10M 1,909.00M 2,106.10M 3,446.70M 2,524.00M 2,202.00M 1,869.64M 1,859.33M 1,729.56M 1,518.30M 1,405.83M 1,374.08M 1,514.00M 1,103.68M 1,237.42M 1,335.17M 1,190.78M 1,360.67M
(-) Tax Adjustment 597.70M 171.22M 377.60M 409.77M 390.57M 823.61M 609.81M 474.46M 409.91M 97.98M 485.66M 504.84M 466.57M 480.93M 529.90M 386.29M 433.10M 457.82M 416.77M 476.23M
(-) Change In Working Capital 147.10M -297.60M 221.00M -271.90M -341.00M 72.70M 125.14M 45.05M 65.39M 47.53M -0.22M 87.26M 31.25M 51.65M 133.91M -468.69M -386.06M -362.70M -528.90M -988.38M
(-) Capital Expenditure -201.90M -218.00M -218.30M -263.40M -260.00M -160.50M -114.08M -106.98M -118.17M -134.21M -132.27M -123.70M -97.22M -87.14M -83.89M -69.80M -88.73M -42.30M -88.63M -128.73M
Unlevered Free Cash Flow 1,532.20M 1,705.28M 1,087.20M 1,507.73M 1,796.53M 2,389.89M 1,674.97M 1,575.51M 1,276.17M 1,579.61M 1,111.85M 802.50M 810.78M 754.36M 766.29M 1,116.29M 1,101.66M 1,197.75M 1,214.27M 1,744.08M
(-) Net Interest Income After Taxes -118.99M -125.94M 310.82M 324.51M 215.37M 90.49M 113.00M 196.13M 153.33M 105.09M -23.17M -19.43M -12.86M -9.95M -5.89M -7.84M -9.67M -13.02M -17.69M -27.69M
Net Debt Issuance -103.50M 787.10M 230.30M -69.20M -169.60M 644.60M 515.00M 196.00M 1.26M -5.54M 154.83M -5.24M 269.37M 80.94M -70.48M 1.07M 32.02M -44.69M -15.24M -88.22M
Levered Free Cash Flow 1,547.69M 2,618.32M 1,006.69M 1,114.03M 1,411.56M 2,944.00M 2,076.97M 1,575.37M 1,124.09M 1,468.97M 1,289.85M 816.69M 1,093.01M 845.24M 701.71M 1,125.20M 1,143.35M 1,166.08M 1,216.72M 1,683.56M