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Definitive Analysis

Financial Statements

Periods / Units / Analysis

Ticker

Industry

Sector

Page: Company Financials

MGIC Investment Corporation

Ticker: MTG | Industry: Insurance - Specialty | Sector: Financial Services
$26.27 -0.57 (-2.12%)
As of: 2026-01-23

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 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996
Stock Price 28.37 27.84 27.00 23.21 16.30 12.99 14.21 8.99 13.43 11.82 11.99 7.95 9.78 8.72 6.72 3.08 5.11 9.32 4.75 6.79 42.74 63.54 64.23 68.89 48.73 54.41 66.35 54.43 47.91 49.86 51.78 31.88
Market Capitalization 6,505.47M 6,579.51M 6,378.31M 6,065.88M 4,611.31M 3,975.78M 4,749.09M 3,051.80M 4,739.24M 4,321.98M 4,359.10M 2,727.35M 3,319.15M 2,953.00M 2,269.73M 621.73M 1,027.84M 1,532.37M 589.96M 736.06M 3,482.12M 5,341.58M 5,883.76M 6,718.75M 4,799.82M 5,662.28M 7,087.44M 5,785.71M 5,167.64M 5,593.40M 6,005.78M 3,759.25M
(-) Cash & Equivalents 271.79M 298.90M 259.23M 309.32M 326.53M 364.17M 205.67M 350.01M 201.38M 197.07M 226.38M 245.26M 253.51M 287.59M 784.04M 805.95M 1,003.33M 1,670.99M 1,069.09M 1,083.32M 286.29M 216.05M 3.42M 3.61M 12.16M 13.58M 15.74M 6.11M 5.08M 6.66M 6.47M 4.22M
(+) Total Debt 0.00M 645.40M 430.15M 644.12M 653.19M 794.66M 1,219.87M 1,038.05M 832.31M 831.15M 954.96M 1,125.62M 1,278.10M 1,296.42M 1,321.57M 828.44M 956.39M 942.07M 748.18M 918.79M 713.98M 698.05M 635.01M 609.75M 605.30M 634.87M 411.65M 413.09M 423.75M 337.38M 115.00M 35.56M
Enterprise Value 6,233.68M 6,926.02M 6,549.23M 6,400.68M 4,937.96M 4,406.28M 5,763.29M 3,739.84M 5,370.16M 4,956.06M 5,087.67M 3,607.71M 4,343.74M 3,961.83M 2,807.27M 644.22M 980.90M 803.45M 269.06M 571.53M 3,909.81M 5,823.58M 6,515.35M 7,324.89M 5,392.96M 6,283.57M 7,483.35M 6,192.70M 5,586.31M 5,924.11M 6,114.30M 3,790.59M

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 1999-12-31 1998-12-31 1997-12-31 1996-12-31 1995-12-31
Revenue 1,216M 1,190M 1,208M 1,155M 1,173M 1,186M 1,199M 1,214M 1,124M 1,066M 1,062M 1,041M 943M 1,039M 1,378M 1,504M 1,521M 1,709M 1,722M 1,693M 1,469M 1,527M 1,613M 1,685M 1,485M 1,314M 1,088M 997M 972M 868M 746M 618M
Cost of Revenue 34M -24M -6M -10M -242M 77M 377M 131M 48M 65M 250M 329M 479M 824M 2,014M 1,677M 1,563M 3,406M 3,830M 3,886M 904M 829M 980M 1,069M 631M 395M 293M 295M 401M 400M 381M 0M
Gross Profit 1,182M 1,214M 1,214M 1,165M 1,415M 1,108M 822M 1,083M 1,075M 1,001M 813M 713M 464M 215M -635M -173M -43M -1,697M -2,108M -2,193M 565M 698M 633M 617M 853M 919M 796M 701M 570M 469M 365M 618M
Gross Profit Margin 97.2% 102.0% 100.5% 100.9% 120.7% 93.5% 68.5% 89.2% 95.7% 93.9% 76.5% 68.4% 49.2% 20.7% -46.1% -11.5% -2.8% -99.3% -122.5% -129.5% 38.4% 45.7% 39.2% 36.6% 57.5% 69.9% 73.1% 70.4% 58.7% 54.0% 48.9% 100.0%
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 0M 0M 0M 0M 0M
SG&A 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 0M 0M 0M 0M 0M
Operating Expenses 232M 250M 245M 263M 325M 307M 263M 235M 231M 217M 298M 225M 209M 262M 293M 311M 317M 68M -1,161M 42M 39M 41M 41M 41M 37M 31M 29M 20M 16M -393M -377M 4M
Operating Income (EBIT) 951M 964M 969M 902M 1,090M 802M 559M 848M 844M 784M 515M 488M 255M -46M -929M -484M -359M -1,765M -948M -2,235M 525M 656M 592M 576M 816M 889M 767M 681M 555M 862M 742M 614M
Operating Income Margin 78.1% 81.0% 80.2% 78.1% 92.9% 67.6% 46.6% 69.9% 75.1% 73.6% 48.4% 46.8% 27.0% -4.4% -67.4% -32.2% -23.6% -103.3% -55.0% -132.0% 35.8% 43.0% 36.7% 34.2% 55.0% 67.6% 70.5% 68.3% 57.1% 99.3% 99.5% 99.4%
Interest Income 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 0M 0M 0M 0M 0M
Interest Expense 36M 36M 36M 37M 48M 71M 60M 53M 53M 57M 57M 69M 70M 80M 99M 103M 99M 89M 81M 42M 39M 41M 41M 41M 37M 31M 29M 20M 19M 6M 4M 4M
Net Interest Income -36M -36M -36M -37M -48M -71M -60M -53M -53M -57M -57M -69M -70M -80M -99M -103M -99M -89M -81M -42M -39M -41M -41M -41M -37M -31M -29M -20M -19M -6M -4M -4M
Unusual Items 36M 36M 36M 37M 48M 71M 60M 53M 53M 57M 57M 69M 70M 80M 99M 103M 99M 89M 81M 42M 39M 41M 41M 41M 37M 31M 29M 20M 19M -390M -373M -319M
EBT Excluding Unusual Items 915M 928M 933M 865M 1,042M 730M 500M 795M 791M 727M 458M 419M 185M -126M -1,028M -588M -458M -1,854M -1,029M -2,277M 486M 615M 551M 535M 780M 858M 738M 661M 536M 856M 738M 610M
Pre-Tax Income 951M 964M 969M 902M 1,090M 802M 559M 848M 844M 784M 515M 488M 255M -46M -929M -484M -359M -1,765M -948M -2,235M 525M 656M 592M 576M 816M 889M 767M 681M 555M 465M 365M 291M
Pre-Tax Margin 78.1% 81.0% 80.2% 78.1% 92.9% 67.6% 46.6% 69.9% 75.1% 73.6% 48.4% 46.8% 27.0% -4.4% -67.4% -32.2% -23.6% -103.3% -55.0% -132.0% 35.8% 43.0% 36.7% 34.2% 55.0% 67.6% 70.5% 68.3% 57.1% 53.6% 49.0% 47.2%
Income Tax Expense 197M 201M 206M 189M 225M 167M 113M 174M 174M 429M 172M -684M 3M 4M -2M 2M 4M -443M -398M -834M -130M 177M 159M 146M 241M -278M -239M 211M 169M 142M 107M 84M
Net Income 754M 763M 763M 713M 865M 635M 446M 674M 670M 356M 343M 1,172M 252M -50M -927M -486M -364M -1,322M -525M -1,670M 565M 627M 553M 494M 629M 639M 542M 470M 385M 324M 258M 208M
Net Income Margin 62.0% 64.1% 63.2% 61.7% 73.8% 53.6% 37.2% 55.5% 59.6% 33.4% 32.2% 112.6% 26.7% -4.8% -67.3% -32.3% -23.9% -77.4% -30.5% -98.6% 38.4% 41.1% 34.3% 29.3% 42.4% 48.6% 49.8% 47.2% 39.7% 37.3% 34.6% 33.6%
Depreciation & Amortization 10M 21M 18M 35M 54M 66M 58M 49M 58M 64M 61M 53M 49M 69M 100M 85M 61M 60M 34M 25M 22M 39M 48M 51M 38M 31M 7M 12M 8M 30M 36M 38M
EBITDA 961M 984M 987M 937M 1,144M 868M 617M 897M 902M 849M 576M 540M 304M 23M -829M -399M -299M -1,705M -914M -2,209M 548M 696M 639M 626M 855M 919M 774M 693M 562M 892M 778M 652M
EBITDA Margin 79.0% 82.7% 81.7% 81.2% 97.6% 73.2% 51.5% 73.9% 80.3% 79.6% 54.2% 51.9% 32.2% 2.2% -60.1% -26.6% -19.6% -99.8% -53.1% -130.5% 37.3% 45.6% 39.6% 37.2% 57.6% 69.9% 71.1% 69.5% 57.9% 102.7% 104.3% 105.6%
NOPAT 754M 763M 763M 713M 865M 635M 446M 674M 670M 356M 343M 1,172M 252M -36M -734M -383M -284M -1,394M -749M -1,765M 655M 480M 432M 430M 575M 1,166M 1,006M 470M 385M 600M 524M 437M
NOPAT Margin 62.0% 64.1% 63.2% 61.7% 73.8% 53.6% 37.2% 55.5% 59.6% 33.4% 32.2% 112.6% 26.7% -3.5% -53.2% -25.4% -18.7% -81.6% -43.5% -104.3% 44.6% 31.4% 26.8% 25.5% 38.8% 88.7% 92.4% 47.2% 39.7% 69.1% 70.3% 70.8%
Owner's Earnings 763M 782M 780M 746M 916M 697M 501M 717M 714M 404M 393M 1,220M 296M 19M -827M -401M -303M -1,262M -492M -1,645M 587M 666M 601M 545M 667M 670M 549M 482M 393M 353M 294M 246M
Owner's Earnings Margin 62.7% 65.7% 64.6% 64.6% 78.1% 58.8% 41.7% 59.1% 63.5% 37.9% 37.0% 117.2% 31.4% 1.8% -60.0% -26.7% -19.9% -73.9% -28.6% -97.1% 40.0% 43.6% 37.3% 32.3% 45.0% 50.9% 50.4% 48.4% 40.5% 40.7% 39.4% 39.8%
EPS (Basic) 3.13 2.85 2.92 2.52 2.83 1.90 1.31 1.91 1.78 0.98 1.00 3.45 0.74 -0.15 -4.59 -2.42 -1.81 -10.65 -4.69 -20.54 6.70 6.83 5.67 5.00 6.07 6.02 5.05 4.35 3.44 2.78 2.17 1.75
EPS (Diluted) 3.10 2.83 2.89 2.48 2.78 1.81 1.24 1.80 1.74 0.90 0.79 2.50 0.61 -0.15 -4.59 -2.42 -1.81 -10.65 -4.61 -20.54 6.65 6.78 5.63 4.99 6.04 5.93 5.05 4.30 3.39 2.75 2.17 1.75
Shares (Basic) 241M 268M 262M 284M 306M 334M 340M 353M 376M 362M 343M 340M 339M 338M 202M 201M 200M 124M 111M 81M 84M 92M 98M 99M 104M 107M 107M 108M 112M 116M 119M 119M
Shares (Diluted) 243M 270M 264M 287M 311M 351M 359M 374M 386M 395M 432M 468M 414M 338M 202M 201M 200M 124M 114M 81M 85M 92M 98M 99M 104M 108M 107M 109M 114M 118M 119M 119M

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 1999-12-31 1998-12-31 1997-12-31 1996-12-31 1995-12-31
Cash & Cash Equivalents 271.79M 294.87M 229.49M 363.67M 327.38M 284.69M 287.95M 161.85M 151.89M 99.85M 155.41M 181.12M 215.09M 350.13M 1,027.63M 995.80M 1,304.15M 1,185.74M 1,097.33M 288.93M 293.74M 4.62M 2.83M 23.61M 11.04M 26.39M 5.60M 2.32M 4.65M 4.89M 3.86M 0.00M
Short-Term Investments 0.00M 5,802.33M 5,851.69M 5,723.11M 5,409.70M 6,587.58M 6,661.60M 5,737.89M 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 190.64M 163.64M 137.73M 102.23M 159.96M 151.59M 107.75M 172.21M 114.73M 140.11M 0.00M
Cash & Short-Term Investments 271.79M 6,097.20M 6,081.17M 6,086.78M 5,737.08M 6,872.27M 6,949.55M 5,899.74M 151.89M 99.85M 155.41M 181.12M 215.09M 350.13M 1,027.63M 995.80M 1,304.15M 1,185.74M 1,097.33M 288.93M 293.74M 195.26M 166.47M 161.35M 113.27M 186.35M 157.19M 110.07M 176.86M 119.63M 143.98M 0.00M
Net Receivables 0.00M 113.06M 109.01M 101.70M 104.32M 159.72M 151.76M 78.75M 91.37M 106.39M 107.85M 96.28M 213.21M 139.18M 188.28M 71.07M 79.57M 365.33M 468.07M 973.00M 101.49M 0.00M 0.00M 0.00M 118.80M 35.30M 41.91M 42.45M 54.28M 35.65M 41.57M 0.00M
Inventory 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 5,217.06M 5,048.48M 4,749.71M 4,714.99M 4,750.82M 4,922.11M 4,313.71M 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 Assets 0.00M -6,210.26M -6,190.19M -6,188.48M -5,841.40M -7,031.99M -7,101.30M -5,978.49M 741.05M 741.65M 685.65M 269.81M 725.54M 1,184.25M 2,222.08M 5,820.90M -1,386.36M -1,554.62M -1,569.82M -1,270.65M -404.85M 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 271.79M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 6,201.36M 5,996.37M 5,698.61M 5,262.20M 5,904.66M 6,595.66M 7,751.69M 6,887.77M -2.64M -3.55M -4.42M -8.72M -9.62M 195.26M 166.47M 161.35M 232.07M 221.66M 199.10M 152.52M 231.14M 155.28M 185.55M 0.00M
Property, Plant & Equipment 0.00M 33.21M 35.68M 38.76M 41.42M 45.61M 47.14M 50.12M 51.73M 44.94M 36.09M 30.10M 28.69M 26.19M 27.19M 28.15M 28.64M 29.56M 32.26M 34.60M 32.60M 32.67M 36.38M 36.72M 35.96M 34.76M 31.31M 32.88M 32.40M 33.78M 35.05M 38.80M
Goodwill 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M -204.45M -211.41M -307.46M -777.32M 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
Intangible Assets 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 17.89M 18.84M 17.76M 15.24M 12.24M 9.72M 11.25M 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
Long-Term Investments 0.00M 5,817.37M 5,867.56M 5,738.73M 5,423.84M 6,603.65M 6,679.81M 5,755.22M 5,159.02M 4,990.56M 4,692.35M 4,663.21M 4,612.67M 4,866.82M 4,230.28M 5,823.65M 7,458.28M 7,254.47M 7,045.54M 6,039.93M 5,252.42M 5,486.07M 5,582.63M 5,205.16M 4,726.47M 4,069.45M 3,472.20M 2,789.73M 2,779.71M 2,416.74M 2,032.20M 0.00M
Tax Assets 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 186.56M 192.57M 289.70M 762.08M -12.24M -9.72M -11.25M 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 Non-Current Assets 0.00M -5,850.58M -5,903.24M -5,777.49M -5,465.26M -6,649.26M -6,726.96M -5,805.34M -4,898.95M -4,553.21M -3,886.93M -3,700.91M -4,239.87M -4,550.53M -4,005.93M -5,523.33M -7,486.92M -7,284.02M -7,077.79M -6,074.53M -5,285.03M -5,518.74M -5,619.01M -5,241.88M -4,762.43M -4,104.21M -3,503.50M -2,822.61M -2,812.11M -2,450.52M -2,067.25M -38.80M
Other Assets 6,353.85M 6,542.33M 6,547.24M 6,538.38M 6,213.79M 7,325.01M 7,354.53M 6,229.57M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 9,333.64M 9,404.42M 9,146.73M 7,716.36M 6,621.67M 643.58M 745.83M 657.28M 297.62M 241.15M 155.18M 129.26M 7.29M 11.88M -30.48M 1,874.70M
Total Non-Current Assets 6,353.85M 6,542.33M 6,547.24M 6,538.38M 6,213.79M 7,325.01M 7,354.53M 6,229.57M 311.80M 482.29M 841.51M 992.40M 401.50M 342.47M 251.53M 328.46M 9,333.64M 9,404.42M 9,146.73M 7,716.36M 6,621.67M 643.58M 745.83M 657.28M 297.62M 241.15M 155.18M 129.26M 7.29M 11.88M -30.48M 1,874.70M
Total Assets 6,625.64M 6,542.33M 6,547.24M 6,538.38M 6,213.79M 7,325.01M 7,354.53M 6,229.57M 6,513.16M 6,478.66M 6,540.12M 6,254.60M 6,306.16M 6,938.14M 8,003.23M 7,216.23M 9,331.01M 9,400.87M 9,142.32M 7,707.65M 6,612.05M 838.83M 912.30M 818.62M 529.69M 462.80M 354.28M 281.78M 238.44M 167.16M 155.07M 1,874.70M
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 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
Short-Term Debt 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 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 35.42M 0.00M
Tax Payables 139.59M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 254.72M 3.70M -1.57M 0.00M 0.00M 0.00M 0.00M 0.00M 34.48M 62.01M 109.74M 118.13M 133.84M 80.94M 0.00M 0.00M 31.03M 27.72M 23.11M 0.00M
Deferred Revenue 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 -599.70M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Current Liabilities 139.59M 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 4,382.93M 0.00M 0.00M 0.00M 0.00M -34.48M 1,158.62M 1,624.90M 1,402.67M 1,094.06M 993.76M 0.00M 0.00M 936.97M 865.68M 762.27M 0.00M
Total Current Liabilities 279.18M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 254.72M 3.70M -1.57M 4,382.93M 0.00M 0.00M 0.00M 0.00M 0.00M 1,220.62M 1,734.64M 921.10M 1,227.90M 1,074.70M 0.00M 0.00M 968.00M 893.40M 820.80M 0.00M
Long-Term Debt 0.00M 645.40M 644.67M 643.20M 662.81M 1,146.71M 1,243.19M 832.74M 831.59M 830.43M 1,178.74M 1,211.82M 1,296.44M 1,317.30M 824.52M 859.94M 1,036.96M 668.88M 970.91M 798.25M 781.28M 0.00M 639.30M 599.68M 677.25M 472.10M 397.36M 425.00M 442.00M 237.50M 35.40M 35.80M
Capital Lease Obligations 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 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 0.00M 0.00M 0.00M 13.90M 24.28M 28.79M 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 Non-Current Liabilities 1,313.35M -645.40M -644.67M -643.20M -662.81M -1,146.71M -1,243.19M -832.74M 0.00M 0.00M 0.00M 2,420.38M 2,933.09M 3,539.56M -0.02M -859.94M -1,036.96M -668.88M -970.91M -798.25M -781.28M 0.00M -639.30M -599.68M -0.05M 0.00M -397.36M -425.00M -442.00M -237.50M -35.40M -35.80M
Total Non-Current Liabilities 1,313.35M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 845.48M 854.71M 1,207.53M 3,632.20M 4,229.53M 4,856.85M 824.50M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 677.20M 472.10M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Total Liabilities 1,592.54M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 845.48M 854.71M 1,207.53M 3,632.20M 4,484.25M 4,860.55M 822.94M 4,382.93M 0.00M 0.00M 0.00M 0.00M 0.00M 1,220.62M 1,734.64M 921.10M 1,905.10M 1,546.80M 0.00M 0.00M 968.00M 893.40M 820.80M 0.00M
Preferred Stock 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.21M 0.00M 0.10M 0.00M 0.34M 0.00M 0.16M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 40.74M 0.00M 0.00M 0.00M 0.00M
Common Stock 226.16M 233.14M 248.45M 371.35M 371.35M 371.35M 371.35M 371.35M 371.35M 370.57M 359.40M 340.10M 340.05M 340.05M 205.05M 205.05M 205.05M 130.16M 130.12M 123.07M 123.03M 122.55M 122.32M 121.59M 121.42M 121.11M 121.11M 121.11M 121.11M 121.11M 60.56M 0.00M
Retained Earnings 3,298.96M 3,325.62M 3,403.85M 4,593.13M 4,004.29M 3,250.69M 2,642.10M 2,278.65M 1,647.28M 977.16M 632.56M 290.05M -852.46M -1,074.62M -990.28M -11.64M 525.56M 924.71M 2,247.23M 4,350.32M 5,998.63M 5,519.39M 4,940.96M 4,411.15M 3,928.39M 3,309.56M 2,681.11M 2,149.73M 1,690.35M 1,316.13M 1,003.41M 754.80M
Accumulated OCI -159.22M -204.97M -288.16M -316.28M -481.51M 119.70M 216.82M 72.71M -124.21M -43.78M -75.10M -60.88M -81.34M -117.73M -48.16M 30.12M 22.14M 74.16M -106.79M 70.68M 65.79M 77.50M 123.38M 140.65M 147.91M 46.64M 75.81M -40.74M 94.57M 83.99M 40.69M 0.00M
Minority Interest 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 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Total Shareholders’ Equity 3,365.89M 3,353.79M 3,364.14M 4,648.20M 3,894.14M 3,741.74M 3,230.27M 2,722.71M 1,894.63M 1,303.94M 916.96M 569.26M -593.41M -852.30M -833.23M 223.54M 752.75M 1,129.03M 2,270.56M 4,544.06M 6,187.45M 5,719.44M 5,186.66M 4,673.39M 4,197.72M 3,477.32M 2,878.03M 2,270.84M 1,906.03M 1,521.23M 1,104.65M 754.80M
Total Equity 3,365.89M 3,353.79M 3,364.14M 4,648.20M 3,894.14M 3,741.74M 3,230.27M 2,722.71M 1,894.63M 1,303.94M 916.96M 569.26M -593.41M -852.30M -833.23M 223.54M 752.75M 1,129.03M 2,270.56M 4,544.06M 6,187.45M 5,719.44M 5,186.66M 4,673.39M 4,197.72M 3,477.32M 2,878.03M 2,270.84M 1,906.03M 1,521.23M 1,104.65M 754.80M
Total Liabilities & Equity 4,958.43M 3,353.79M 3,364.14M 4,648.20M 3,894.14M 3,741.74M 3,230.27M 2,722.71M 2,740.11M 2,158.66M 2,124.50M 4,201.47M 3,890.84M 4,008.25M -10.30M 4,606.47M 752.75M 1,129.03M 2,270.56M 4,544.06M 6,187.45M 6,940.06M 6,921.30M 5,594.48M 6,102.82M 5,024.12M 2,878.03M 2,270.84M 2,874.03M 2,414.63M 1,925.45M 754.80M
Tangible Assets 6,625.64M 6,542.33M 6,547.24M 6,538.38M 6,213.79M 7,325.01M 7,354.53M 6,229.57M 6,699.73M 6,671.23M 6,829.82M 7,016.68M 6,293.92M 6,928.42M 7,991.98M 7,216.23M 9,331.01M 9,400.87M 9,142.32M 7,707.65M 6,612.05M 838.83M 912.30M 818.62M 529.69M 462.80M 354.28M 281.78M 238.44M 167.16M 155.07M 1,874.70M
Tangible Equity 3,365.89M 3,353.79M 3,364.14M 4,648.20M 3,894.14M 3,741.74M 3,230.27M 2,722.71M 2,081.19M 1,496.51M 1,206.67M 1,331.34M -605.65M -862.02M -844.48M 223.54M 752.75M 1,129.03M 2,270.56M 4,544.06M 6,187.45M 5,719.44M 5,186.66M 4,673.39M 4,197.72M 3,477.32M 2,878.03M 2,270.84M 1,906.03M 1,521.23M 1,104.65M 754.80M
Tangible Book Value 3,365.89M 3,353.79M 3,364.14M 4,648.20M 3,894.14M 3,741.74M 3,230.27M 2,722.71M 2,081.19M 1,496.51M 1,206.67M 1,331.34M -605.65M -862.02M -844.48M 223.54M 752.75M 1,129.03M 2,270.56M 4,544.06M 6,187.45M 5,719.44M 5,186.66M 4,673.39M 4,197.72M 3,477.32M 2,878.03M 2,270.84M 1,906.03M 1,521.23M 1,104.65M 754.80M
Total Investments 0.00M 5,818.48M 5,867.56M 5,738.73M 5,424.69M 6,606.75M 6,682.91M 5,758.32M 5,159.02M 4,990.56M 4,692.35M 4,663.21M 4,612.67M 4,866.82M 4,230.28M 5,823.65M 7,458.28M 7,254.47M 7,045.54M 6,039.93M 5,252.42M 5,486.07M 5,582.63M 5,205.16M 4,726.47M 4,069.45M 3,472.20M 2,789.73M 2,779.71M 2,416.74M 2,032.20M 0.00M
Net Debt -271.79M 350.53M 415.18M 279.53M 335.43M 862.02M 955.24M 670.89M 679.69M 730.58M 1,023.33M 1,030.70M 1,081.35M 967.16M -203.11M -135.86M -267.20M -516.86M -126.42M 509.32M 487.54M -4.62M 636.47M 576.07M 666.21M 445.71M 391.77M 422.68M 437.35M 232.61M 66.96M 35.80M

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 1999-12-31 1998-12-31 1997-12-31 1996-12-31 1995-12-31
Working Capital 132.2M 0.0M 0.0M 0.0M 0.0M 0.0M 0.0M 0.0M 4,101.7M 3,502.7M 2,886.1M 2,466.8M 1,931.8M 1,719.3M 769.9M 1,728.3M 0.0M 0.0M 0.0M 0.0M 0.0M -1,312.0M -1,582.0M -1,502.6M -987.7M -853.0M -796.4M -750.9M -736.9M -738.1M -635.3M 0.0M
Total Capital 5,172.7M 5,800.3M 5,817.0M 5,715.2M 5,305.6M 6,008.1M 5,942.2M 5,142.0M 4,413.5M 3,985.0M 3,727.6M 3,459.2M 2,333.3M 2,061.8M 1,021.5M 2,056.8M 2,706.0M 1,971.5M 3,405.1M 3,392.6M 5,077.2M 4,850.2M 4,782.9M 4,396.6M 4,072.4M 3,492.3M 2,862.2M 2,201.0M 2,082.6M 1,724.3M 1,401.5M 1,157.2M
Capital Employed 6,486.1M 6,542.3M 6,547.2M 6,538.4M 6,213.8M 7,325.0M 7,354.5M 6,229.6M 4,413.5M 3,985.0M 3,727.6M 3,459.2M 2,333.3M 2,061.8M 1,021.4M 2,056.7M 9,333.6M 9,404.4M 9,146.7M 7,716.4M 6,621.7M 4,850.3M 4,782.9M 4,396.6M 4,072.4M 3,492.3M 2,862.3M 2,201.0M 2,082.5M 1,724.3M 1,401.5M 1,874.7M
Invested Capital 4,900.9M 5,505.5M 5,587.6M 5,351.5M 4,978.2M 5,723.4M 5,654.2M 4,980.1M 4,261.6M 3,885.1M 3,572.2M 3,278.0M 2,118.2M 1,711.7M -6.2M 1,061.0M 1,401.9M 785.7M 2,307.8M 3,103.7M 4,783.4M 4,845.6M 4,780.1M 4,373.0M 4,061.4M 3,465.9M 2,856.6M 2,198.7M 2,077.9M 1,719.4M 1,397.7M 1,157.2M

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 2002-12-31 2001-12-31 2000-12-31 1999-12-31 1998-12-31 1997-12-31 1996-12-31 1995-12-31
Net Income 753.74M 762.80M 762.99M 712.95M 865.35M 634.98M 446.09M 673.76M 670.10M 355.76M 342.52M 1,172.00M 251.95M -49.85M -927.08M -485.89M -363.74M -1,322.28M -518.91M -1,670.02M 564.74M 626.87M 553.19M 493.88M 629.19M 639.14M 542.00M 470.20M 385.47M 323.75M 257.99M 207.60M
Depreciation & Amortization 10.16M 20.63M 18.44M 35.23M 54.25M 66.01M 57.81M 48.78M 58.22M 64.43M 61.34M 52.56M 48.37M 68.72M 100.14M 84.83M 60.88M 60.35M 34.30M 25.18M 22.32M 39.32M 47.65M 50.68M 12.29M 8.28M 6.86M 11.75M 7.74M 8.19M 8.97M 38.30M
Deferred Income Tax 16.96M 6.98M 2.43M 1.07M -4.37M 5.19M 27.48M 11.10M 186.57M 355.04M 162.36M -692.81M 0.31M 0.59M -0.03M -0.74M -0.08M 176.28M 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
Stock-Based Compensation 25.26M 33.36M 31.32M 31.61M 24.77M 17.11M 13.80M 0.00M 20.90M 14.90M 11.40M 11.90M 9.20M 6.60M 8.60M 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
Change in Working Capital -3.86M -103.83M -100.00M -82.03M -337.66M -58.03M 172.97M -118.81M -371.72M -368.39M -428.08M -349.74M -705.01M -1,012.97M -507.41M -1,297.43M -531.38M 1,377.34M 1,810.13M 4,320.72M 65.03M -31.34M 94.66M 299.28M 191.83M -55.58M -89.58M -60.97M -16.39M 32.23M 89.74M 158.30M
Accounts Receivable -4.36M -8.12M 0.00M 0.00M 60.12M -27.21M -68.42M 17.56M 9.55M -1.39M -12.32M 89.96M -74.03M 51.47M 57.29M 8.49M 10.57M 7.46M 9.73M -48.37M 6.56M 4.48M 19.92M 0.44M 2.30M -7.19M -4.82M 4.20M -39.20M -23.10M -36.10M -31.10M
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 5,882.61M 1,571.88M 1,516.24M 1,572.67M 1,491.04M 1,297.91M 1,022.20M 943.17M 877.43M 908.21M 858.13M 795.84M 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 2,810.18M 31.10M -44.75M 99.87M 328.61M 119.52M 4.12M -32.43M -39.20M 82.60M 90.60M 150.80M 96.40M
Other Working Capital 0.50M -95.71M -100.00M -82.03M -397.78M -30.82M 241.39M -136.37M -381.27M -367.01M -415.76M -439.70M -630.98M -1,064.44M -564.70M -1,305.92M -541.95M 1,369.88M 1,800.40M -4,323.70M -1,544.50M -1,507.30M -1,597.80M -1,520.80M -1,227.90M -1,074.70M -995.50M -903.40M -968.00M -893.40M -820.80M 93.00M
Other Non-Cash Items 2.17M 8.96M 9.85M 14.14M 47.66M 31.05M 14.16M -5.31M 9.48M 6.64M 81.60M -27.85M -4.25M 27.71M -38.80M -185.34M -57.83M 90.20M 39.39M -2,043.91M -154.41M -126.50M -136.34M -157.21M -219.98M 34.28M 91.76M 34.04M 44.13M -0.20M 11.06M -117.70M
Net Cash from Operating Activities 804.42M 728.90M 725.03M 712.96M 650.01M 696.32M 732.31M 609.53M 544.52M 406.66M 219.66M 152.04M -409.98M -971.53M -1,568.60M -1,883.85M -875.43M 329.95M 1,364.91M 631.97M 497.68M 508.35M 559.16M 686.64M 613.33M 626.12M 551.04M 455.02M 420.95M 363.96M 367.76M 286.50M
Capital Expenditures (PPE) -0.94M -1.20M -1.17M -2.00M -3.25M -4.12M -3.31M -5.64M -14.24M -16.07M -10.55M -4.63M -4.71M -0.82M 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
Acquisitions (Net) 0.00M 0.00M 0.00M 0.00M -688.48M 0.00M 0.00M 0.00M -785.48M 287.58M 88.10M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 149.77M 236.90M -75.95M 2.72M -12.14M -7.77M -17.53M -15.00M -19.18M -13.60M -33.43M 0.00M 0.00M 0.00M
Purchases of Investments -1,696.96M -1,363.60M -1,555.62M -1,469.54M -674.41M -1,531.13M -2,636.97M -1,394.43M -1,459.17M -1,293.62M -1,360.39M -2,462.84M -1,979.92M -3,248.71M -5,025.36M -4,395.83M -5,225.95M -4,166.69M -3,592.69M -2,721.39M -1,841.38M -1,595.42M -1,782.40M -3,822.76M -2,804.03M -2,801.73M -1,822.35M -1,237.63M -920.02M -112.78M -1,095.56M -549.00M
Sales / Maturities of Investments 1,395.51M 341.34M 45.09M 1,292.35M 1,088.15M 1,374.50M 1,867.78M 977.96M 1,155.62M 1,006.04M 1,277.55M 2,353.30M 2,276.63M 2,412.03M 6,678.89M 6,150.04M 5,030.55M 4,219.49M 2,138.11M 2,021.98M 1,875.49M 1,649.34M 1,397.72M 3,370.94M 2,299.48M 2,214.97M 1,363.43M 953.87M 645.52M 453.99M 781.10M 189.10M
Other Investing Activities 415.44M 962.79M 1,369.71M 0.00M 688.48M 0.00M 0.00M 0.00M 785.48M -287.58M -88.10M 17.21M 0.23M -17.44M 1,653.53M 0.00M 83.50M 0.00M 19.55M -51.26M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M -685.22M 0.00M 0.00M
Net Cash from Investing Activities 113.06M -60.68M -142.01M -179.19M 410.49M -160.75M -772.51M -422.11M -317.78M -303.64M -93.39M -96.96M 296.94M -854.13M 1,653.53M 1,754.22M -111.90M 52.80M -1,285.26M -513.77M -41.84M 56.64M -396.81M -459.59M -522.07M -601.75M -478.10M -297.36M -307.92M -344.00M -314.46M -359.90M
Net Debt Issuance 0.00M 0.00M 0.00M -28.64M -486.41M -98.61M 424.12M 0.00M 0.00M -151.75M 54.54M -73.11M -20.77M 467.39M -53.11M -178.72M 333.37M -294.35M 277.20M 12.89M 89.05M 40.57M 37.80M -78.87M 202.09M 72.14M -27.67M -17.00M 204.50M 198.30M -4.20M -0.30M
Long-Term Debt Issuance 0.00M 0.00M 0.00M -28.64M -486.41M -98.61M 424.12M 0.00M 0.00M -151.75M 108.46M -73.11M -20.77M 467.39M -53.11M -178.72M 333.37M -294.35M 377.20M 100.00M 199.96M -2.27M 0.00M 0.00M 199.99M 72.14M -27.67M -17.00M 204.50M 198.30M -4.20M -0.30M
Short-Term Debt Issuance 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M -53.92M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M -100.00M 212.89M -110.91M 42.83M 37.80M -78.87M 2.10M 0.00M 0.00M 0.00M 0.00M 0.00M -0.40M 0.00M
Net Stock Issuance -794.12M -495.30M -569.48M -337.18M -385.57M -290.82M -120.00M -125.77M -163.42M -6.82M -152.16M 0.00M 0.00M 0.00M 0.00M 0.00M 772.38M 0.00M 459.72M -72.08M -365.85M -528.33M -173.00M -88.97M -356.07M -56.66M 12.48M -196.62M -239.89M -235.30M 10.20M 6.10M
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 663.34M 0.00M 0.00M 772.38M 0.00M 459.72M 3.58M 19.78M 5.51M 32.01M 5.16M 17.00M 16.83M 18.70M 3.91M 6.95M 13.10M 10.21M 0.00M
Common Stock Repurchased -794.12M -495.30M -569.48M -337.18M -385.57M -290.82M -120.00M -125.77M -163.42M -6.82M -147.13M -7.24M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M -75.66M -385.63M -533.84M -205.01M -94.13M -373.07M -73.49M -6.22M -200.53M -246.84M -248.40M -0.40M 6.10M
Preferred Stock Issuance 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M -5.03M 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
Net Dividends Paid -132.01M -129.38M -130.50M -122.97M -110.95M -94.22M -82.06M -41.91M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M -8.16M -63.82M -85.50M -48.44M -22.03M -11.12M -10.36M -10.69M -10.62M -10.83M -11.24M -11.03M -9.43M -9.40M
Common Dividends Paid -132.01M -129.38M -130.50M -122.97M -110.95M -94.22M -82.06M -41.91M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M -8.16M -63.82M -85.50M -48.44M -22.03M -11.12M -10.36M -10.69M -10.62M -10.83M -11.24M -11.00M -9.40M -9.40M
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 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 -19.17M -19.06M -19.07M -7.26M -49.61M -43.64M -54.24M -5.73M -8.13M 0.00M -54.36M 1.27M -1.00M 663.34M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 4.94M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M -0.10M 0.00M 0.00M
Net Cash from Financing Activities -945.30M -643.74M -719.04M -496.04M -1,032.54M -527.29M 167.82M -173.41M -171.55M -158.58M -151.98M -71.84M -21.77M 1,130.73M -53.11M -178.72M 1,105.75M -294.35M 728.76M -123.01M -357.36M -536.21M -157.23M -178.97M -164.34M 4.79M -25.82M -224.45M -55.79M -44.31M 0.41M -3.60M
Effect of FX on Cash 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 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 73.40M
Net Change in Cash -27.82M 24.48M -136.02M 37.73M 27.96M 8.28M 127.62M 14.02M 55.19M -55.56M -25.71M -16.76M -134.81M -694.93M 31.83M -308.36M 118.42M 88.41M 808.40M -4.81M 98.48M 28.79M 5.12M 48.08M -73.08M 29.16M 47.12M -66.79M 57.23M -24.35M 53.71M -3.60M
Cash at Beginning of Period 1,045.82M 1,373.15M 370.64M 332.91M 304.96M 296.68M 169.06M 155.04M 99.85M 155.41M 181.12M 197.88M 332.69M 1,027.63M 995.80M 1,304.15M 1,185.74M 1,097.33M 288.93M 293.74M 195.26M 166.47M 161.35M 113.27M 186.35M 157.19M 110.07M 176.86M 119.63M 143.98M 90.26M 167.30M
Cash at End of Period 1,018.01M 1,397.63M 234.63M 370.64M 332.91M 304.96M 296.68M 169.06M 155.04M 99.85M 155.41M 181.12M 197.88M 332.69M 1,027.63M 995.80M 1,304.15M 1,185.74M 1,097.33M 288.93M 293.74M 195.26M 166.47M 161.35M 113.27M 186.35M 157.19M 110.07M 176.86M 119.63M 143.98M 163.70M
Operating Cash Flow 804.42M 728.90M 725.03M 712.96M 650.01M 696.32M 732.31M 609.53M 544.52M 406.66M 219.66M 152.04M -409.98M -971.53M -1,568.60M -1,883.85M -875.43M 329.95M 1,364.91M 631.97M 497.68M 508.35M 559.16M 686.64M 613.33M 626.12M 551.04M 455.02M 420.95M 363.96M 367.76M 286.50M
Capital Expenditure -0.94M -1.20M -1.17M -2.00M -3.25M -4.12M -3.31M -5.64M -14.24M -16.07M -10.55M -4.63M -4.71M -0.82M 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
Free Cash Flow 803.49M 727.70M 723.86M 710.96M 646.76M 692.20M 729.00M 603.90M 530.28M 390.59M 209.11M 147.41M -414.69M -972.35M -1,568.60M -1,883.85M -875.43M 329.95M 1,364.91M 631.97M 497.68M 508.35M 559.16M 686.64M 613.33M 626.12M 551.04M 455.02M 420.95M 363.96M 367.76M 286.50M

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 2002-12-31 2001-12-31 2000-12-31 1999-12-31 1998-12-31 1997-12-31 1996-12-31 1995-12-31
EBITDA 1,192.51M 1,234.55M 1,232.07M 1,200.37M 1,469.24M 1,174.51M 879.80M 1,132.19M 1,133.57M 1,065.66M 874.02M 765.26M 512.51M 284.59M -535.17M -88.33M 18.15M -1,636.98M -2,074.57M -2,167.49M 586.99M 736.91M 680.56M 667.59M 891.33M 949.67M 802.56M 713.16M 578.02M 498.34M 400.47M 656.20M
(-) Tax Adjustment 246.90M 257.52M 261.64M 251.83M 302.85M 244.33M 178.03M 232.60M 233.73M 372.98M 292.40M 0.00M 5.58M 0.00M -0.90M 0.00M 0.00M -410.65M -726.10M -758.62M 0.00M 198.60M 183.25M 169.31M 263.09M 0.00M 0.00M 220.76M 176.27M 151.62M 117.40M 188.71M
(-) Change In Working Capital -3.86M -103.83M -100.00M -82.03M -337.66M -58.03M 172.97M -118.81M -371.72M -368.39M -428.08M -349.74M -705.01M -1,012.97M -507.41M -1,297.43M -531.38M 1,377.34M 1,810.13M 4,320.72M 65.03M -31.34M 94.66M 299.28M 191.83M -55.58M -89.58M -60.97M -16.39M 32.23M 89.74M 158.30M
(-) Capital Expenditure -0.94M -1.20M -1.17M -2.00M -3.25M -4.12M -3.31M -5.64M -14.24M -16.07M -10.55M -4.63M -4.71M -0.82M 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
Unlevered Free Cash Flow 948.53M 1,079.66M 1,069.25M 1,028.57M 1,500.79M 984.09M 525.49M 1,012.75M 1,257.32M 1,045.01M 999.15M 1,110.37M 1,207.23M 1,296.74M -26.86M 1,209.10M 549.53M -2,603.67M -3,158.60M -5,729.59M 521.96M 569.64M 402.65M 199.00M 436.42M 1,005.24M 892.14M 553.37M 418.15M 314.50M 193.33M 309.19M
(-) Net Interest Income After Taxes -28.23M -28.18M -28.04M -29.16M -38.15M -56.51M -47.54M -41.84M -42.07M -37.07M -37.71M -68.93M -68.89M -79.66M -99.18M -103.27M -98.59M -66.87M -52.70M -27.29M -39.35M -30.02M -30.06M -30.69M -25.92M -30.62M -28.76M -14.09M -12.94M -4.45M -2.69M -2.71M
Net Debt Issuance 0.00M 0.00M 0.00M -28.64M -486.41M -98.61M 424.12M 0.00M 0.00M -151.75M 54.54M -73.11M -20.77M 467.39M -53.11M -178.72M 333.37M -294.35M 277.20M 12.89M 89.05M 40.57M 37.80M -78.87M 202.09M 72.14M -27.67M -17.00M 204.50M 198.30M -4.20M -0.30M
Levered Free Cash Flow 976.76M 1,107.84M 1,097.30M 1,029.10M 1,052.52M 942.00M 997.15M 1,054.59M 1,299.39M 930.33M 1,091.40M 1,106.20M 1,255.35M 1,843.79M 19.21M 1,133.65M 981.49M -2,831.15M -2,828.71M -5,689.41M 650.36M 640.22M 470.51M 150.81M 664.43M 1,108.00M 893.23M 550.45M 635.59M 517.25M 191.81M 311.60M