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Definitive Analysis

Financial Statements

Periods / Units / Analysis

Ticker

Industry

Sector

Page: Company Financials

Radian Group Inc.

Ticker: RDN | Industry: Insurance - Specialty | Sector: Financial Services
$32.80 -0.49 (-1.47%)
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 36.22 36.02 35.10 32.61 25.26 20.06 22.34 15.83 23.22 17.97 18.40 13.59 16.21 15.21 12.55 4.51 3.89 9.69 5.61 4.19 36.35 58.99 51.66 47.49 40.80 41.98 38.57 30.24 22.32 27.21 24.39 15.71
Market Capitalization 4,962.25M 4,948.28M 4,908.71M 4,965.11M 3,982.89M 3,373.75M 4,209.25M 3,081.43M 4,836.75M 3,849.57M 3,961.34M 2,880.00M 3,227.94M 2,806.38M 2,063.47M 596.80M 515.15M 232,033.13M 150,048.25M 334.86M 2,893.36M 4,802.67M 4,414.39M 4,383.93M 3,811.79M 3,957.70M 3,507.61M 2,335.07M 1,341.03M 1,269.33M 1,165.84M 766.67M
(-) Cash & Equivalents 15.26M 22.20M 20.55M 26.92M 46.45M 94.50M 135.89M 73.11M 83.73M 104.47M 68.28M 54.60M 56.13M 32.11M 29.84M 31.03M 24.45M 1,638.63M 56.94M 128.84M 126.26M 45.69M 20.67M 43.57M 45.31M 30.18M 39.41M 3.81M 1.88M 2.34M 0.59M 0.80M
(+) Total Debt 1,127.65M 3,223.52M 2,251.46M 2,006.26M 1,592.74M 1,572.63M 1,562.14M 1,442.07M 1,051.13M 1,049.74M 1,012.92M 1,175.43M 1,223.39M 1,201.15M 997.61M 811.48M 978.66M 1,300.26M 982.46M 999.42M 849.33M 747.65M 794.64M 717.54M 717.32M 544.11M 305.23M 0.00M 0.00M 0.00M 0.00M 0.00M
Enterprise Value 6,074.64M 8,149.60M 7,139.62M 6,944.45M 5,529.18M 4,851.88M 5,635.50M 4,450.40M 5,804.16M 4,794.84M 4,905.98M 4,000.83M 4,395.20M 3,975.41M 3,031.24M 1,377.25M 1,469.36M 231,694.76M 150,973.78M 1,205.43M 3,616.43M 5,504.64M 5,188.36M 5,057.90M 4,483.80M 4,471.62M 3,773.43M 2,331.26M 1,339.16M 1,266.99M 1,165.25M 765.87M

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 1,263M 1,286M 1,291M 1,241M 1,191M 1,329M 1,440M 1,527M 1,273M 1,222M 1,238M 1,193M 1,073M 750M 903M 1,948M 417M 1,313M 1,808M 201M 1,328M 1,298M 1,364M 1,279M 1,068M 907M 615M 553M 484M 390M 223M 166M
Cost of Revenue 100M 65M 63M 21M -232M 154M 602M 266M 228M 264M 340M 315M 315M 591M 956M 1,342M 1,793M 1,462M 2,706M 1,800M 112M 116M 122M 129M 101M 84M 51M 59M 58M 42M 27M 23M
Gross Profit 1,163M 1,221M 1,228M 1,220M 1,423M 1,175M 838M 1,261M 1,045M 958M 898M 879M 757M 159M -53M 606M -1,375M -149M -898M -1,599M 1,216M 1,182M 1,242M 1,151M 967M 823M 564M 494M 425M 348M 196M 142M
Gross Profit Margin 92.1% 94.9% 95.1% 98.3% 119.5% 88.4% 58.2% 82.6% 82.1% 78.4% 72.5% 73.6% 70.6% 21.2% -5.9% 31.1% -329.4% -11.3% -49.7% -795.5% 91.6% 91.1% 91.1% 90.0% 90.6% 90.7% 91.6% 89.4% 87.9% 89.3% 87.9% 85.9%
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 70M 70M 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 412M 440M 456M 453M 470M 411M 358M 412M 361M 611M 414M 441M 350M 332M 219M 237M 204M 94M -224M 470M 403M 442M 517M 619M 366M 317M 211M 275M 227M 0M 113M 0M
Operating Income (EBIT) 751M 781M 771M 767M 953M 765M 479M 849M 684M 347M 484M 438M 407M -173M -272M 369M -1,580M -242M -674M -2,069M 813M 740M 726M 532M 601M 506M 353M 219M 198M 348M 83M 142M
Operating Income Margin 59.5% 60.7% 59.8% 61.9% 80.0% 57.5% 33.3% 55.6% 53.7% 28.4% 39.1% 36.7% 38.0% -23.1% -30.2% 18.9% -378.4% -18.4% -37.3% -1,029.0% 61.2% 57.0% 53.2% 41.5% 56.3% 55.7% 57.3% 39.7% 40.9% 89.3% 37.1% 85.9%
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 88M 94M 104M 90M 84M 84M 71M 56M 61M 63M 81M 91M 90M 75M 52M 61M 42M 46M 54M 53M 48M 43M 35M 38M 29M 18M 0M 0M 0M 0M 0M 0M
Net Interest Income -88M -94M -104M -90M -84M -84M -71M -56M -61M -63M -81M -91M -90M -75M -52M -61M -42M -46M -54M -53M -48M -43M -35M -38M -29M -18M 0M 0M 0M 0M 0M 0M
Unusual Items 88M 94M 104M 90M 84M 84M 71M 56M 61M 63M 81M 91M 90M 75M 52M 61M 42M 46M 54M 53M 48M 43M 35M 38M 29M 18M 0M 0M 0M -189M 0M -74M
EBT Excluding Unusual Items 663M 687M 668M 678M 868M 680M 408M 793M 623M 284M 403M 347M 317M -248M -324M 307M -1,621M -288M -728M -2,122M 765M 697M 691M 494M 573M 488M 353M 219M 198M 348M 83M 142M
Pre-Tax Income 751M 781M 771M 767M 953M 765M 479M 849M 684M 347M 484M 438M 407M -173M -272M 369M -1,580M -242M -674M -2,069M 813M 740M 726M 532M 601M 506M 353M 219M 198M 159M 83M 68M
Pre-Tax Margin 59.5% 60.7% 59.8% 61.9% 80.0% 57.5% 33.3% 55.6% 53.7% 28.4% 39.1% 36.7% 38.0% -23.1% -30.2% 18.9% -378.4% -18.4% -37.3% -1,029.0% 61.2% 57.0% 53.2% 41.5% 56.3% 55.7% 57.3% 39.7% 40.9% 40.8% 37.1% 41.2%
Income Tax Expense 164M 167M 167M 164M 210M 164M 86M 177M 78M 226M 175M 156M -852M -31M -48M 66M 226M -94M -264M -779M 231M 217M 207M 146M 174M 145M 104M 71M 56M 43M 20M 17M
Net Income 576M 599M 604M 603M 743M 601M 394M 672M 606M 121M 308M 287M 960M -197M -451M 302M -1,806M -148M -411M -1,290M 582M 523M 519M 386M 427M 360M 249M 148M 142M 116M 62M 51M
Net Income Margin 45.6% 46.6% 46.8% 48.6% 62.4% 45.2% 27.3% 44.0% 47.6% 9.9% 24.9% 24.0% 89.5% -26.3% -50.0% 15.5% -432.6% -11.3% -22.7% -641.8% 43.8% 40.3% 38.0% 30.2% 40.0% 39.7% 40.4% 26.8% 29.4% 29.7% 28.0% 30.7%
Depreciation & Amortization 69M 48M 79M 89M 77M 75M 72M 73M 69M 86M 71M 82M 66M 70M 53M 63M 40M 20M 16M 19M 37M 40M 32M 17M 1M 2M 55M 2M 59M 42M 27M 23M
EBITDA 821M 829M 850M 856M 1,029M 840M 551M 922M 753M 433M 555M 519M 473M -104M -219M 432M -1,540M -222M -658M -2,050M 850M 780M 758M 549M 602M 508M 407M 222M 256M 390M 109M 166M
EBITDA Margin 65.0% 64.4% 65.9% 69.0% 86.4% 63.2% 38.3% 60.4% 59.2% 35.4% 44.8% 43.5% 44.1% -13.8% -24.3% 22.2% -368.9% -16.9% -36.4% -1,019.4% 64.0% 60.1% 55.6% 42.9% 56.4% 56.0% 66.2% 40.1% 53.0% 100.0% 49.2% 100.0%
NOPAT 587M 614M 604M 603M 743M 601M 394M 672M 606M 121M 308M 282M 1,260M -137M -215M 302M -1,248M -191M -533M -1,634M 582M 523M 519M 386M 427M 360M 249M 148M 142M 253M 62M 106M
NOPAT Margin 46.5% 47.7% 46.8% 48.6% 62.4% 45.2% 27.3% 44.0% 47.6% 9.9% 24.9% 23.6% 117.4% -18.3% -23.8% 15.5% -298.9% -14.6% -29.5% -812.9% 43.8% 40.3% 38.0% 30.2% 40.0% 39.7% 40.5% 26.8% 29.4% 64.9% 28.0% 64.0%
Owner's Earnings 642M 644M 680M 676M 802M 664M 448M 717M 649M 178M 344M 343M 1,007M -133M -400M 362M -1,769M -132M -398M -1,275M 604M 554M 535M 369M 386M 354M 294M 138M 194M 142M 89M 74M
Owner's Earnings Margin 50.8% 50.0% 52.7% 54.5% 67.3% 49.9% 31.1% 47.0% 51.0% 14.6% 27.8% 28.8% 93.9% -17.8% -44.4% 18.6% -423.7% -10.1% -22.0% -634.0% 45.5% 42.7% 39.2% 28.8% 36.2% 39.1% 47.8% 24.9% 40.2% 36.5% 40.0% 44.8%
EPS (Basic) 3.06 3.90 3.96 3.81 4.42 3.19 2.01 3.22 2.83 0.56 1.46 1.44 5.20 -1.14 -3.41 2.28 -15.74 -1.80 -5.12 -16.22 7.16 6.10 5.55 4.13 4.57 4.03 3.31 1.96 1.94 1.55 1.28 1.05
EPS (Diluted) 4.00 3.86 3.92 3.77 4.35 3.16 2.00 3.20 2.77 0.55 1.34 1.16 4.10 -1.18 -3.41 2.26 -15.74 -1.80 -5.12 -16.22 7.08 5.89 5.30 3.92 4.29 3.92 3.26 1.96 2.90 2.36 1.27 1.05
Shares (Basic) 143M 154M 152M 158M 168M 188M 195M 209M 214M 215M 212M 200M 185M 173M 133M 132M 115M 82M 80M 80M 81M 86M 93M 93M 95M 89M 75M 74M 47M 49M 49M 49M
Shares (Diluted) 144M 155M 154M 160M 171M 190M 197M 210M 219M 220M 229M 246M 234M 166M 133M 134M 115M 82M 80M 80M 82M 89M 98M 99M 100M 92M 76M 76M 49M 49M 49M 49M

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
All Other activities segment 0.00M 113.73M 0.00M 0.00M 0.00M 0.15M 12.54M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Financial Guaranty 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 5.95M -45.53M 1,039.67M
Mortgage Insurance Segment 1,137.03M 1,140.14M 1,147.36M 1,110.90M 7.39M 17.67M 14.77M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 753.03M 870.94M 908.18M
Mortgage Insurance and Mortgage and Real Estate Services Segments 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 148.22M 161.83M 177.25M 157.42M 76.71M 0.00M 0.00M 0.00M
Mortgage and Real Estate Services Segment 0.00M 0.00M 0.00M 0.00M 92.55M 125.95M 94.29M 15.64M 148.22M 161.83M 177.25M 157.42M 76.71M 0.00M 0.00M 0.00M
Real Estate Segment 0.00M 0.00M 0.00M 57.64M 85.16M 108.28M 79.52M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 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 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 15.26M 22.09M 38.82M 19.00M 56.18M 151.15M 87.92M 92.73M 95.39M 80.57M 52.15M 46.90M 30.47M 22.88M 31.56M 35.59M 20.33M 41.57M 79.05M 200.79M 57.90M 7.85M 30.68M 67.17M 21.97M 60.16M 2.42M 7.51M 9.38M 2.36M 3.19M 0.00M
Short-Term Investments 5,574.42M 5,446.25M 5,596.57M 5,848.79M 5,419.80M 6,068.59M 6,341.34M 5,207.30M 4,549.98M 3,874.38M 3,581.37M 3,017.84M 1,981.13M 1,100.16M 930.37M 1,508.86M 1,537.50M 1,401.16M 1,029.29M 697.27M 238.68M 361.94M 459.72M 255.07M 180.92M 210.79M 95.82M 56.97M 24.36M 11.03M 5.20M 0.00M
Cash & Short-Term Investments 5,589.68M 5,468.34M 5,635.39M 5,867.79M 5,475.98M 6,219.73M 6,429.26M 5,300.03M 4,645.37M 3,954.95M 3,633.52M 3,064.73M 2,011.60M 1,123.04M 961.92M 1,544.45M 1,557.83M 1,442.73M 1,108.33M 898.06M 296.58M 369.78M 490.40M 322.24M 202.89M 270.95M 98.25M 64.48M 33.74M 13.39M 8.39M 0.00M
Net Receivables 173.60M 173.67M 164.53M 149.77M 145.47M 191.91M 194.50M 110.61M 137.56M 81.05M 85.00M 72.78M 113.91M 93.29M 176.72M 260.63M 116.45M 154.18M 90.16M 130.77M 68.15M 84.52M 115.44M 122.41M 48.56M 47.23M 43.74M 40.07M 32.72M 31.33M 0.00M 0.00M
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 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Current Assets -6,833.30M -6,701.58M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 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 -1,070.02M -1,059.57M 5,799.92M 6,017.56M 5,621.45M 6,411.64M 6,623.76M 5,410.64M 4,782.93M 4,036.00M 3,718.52M 3,137.51M 2,125.51M 1,216.32M 1,138.65M 1,805.08M 1,674.28M 1,596.91M 1,198.49M 1,028.83M 364.73M 454.31M 605.84M 444.66M 251.45M 318.18M 141.99M 104.55M 66.46M 44.72M 8.39M 0.00M
Property, Plant & Equipment 18.66M 23.52M 27.64M 63.82M 92.08M 106.96M 113.44M 125.75M 37.09M 38.29M 70.67M 46.80M 27.25M 10.50M 7.46M 11.04M 13.02M 16.20M 18.18M 24.57M 33.94M 52.06M 69.34M 71.44M 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 9.80M 9.80M 9.80M 9.80M 14.09M 10.92M 195.17M 195.17M 191.93M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 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 38.21M 0.00M 5.48M 9.79M 13.24M 18.39M 96.27M 102.04M 81.06M 94.25M 96.31M 93.29M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 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 5,724.56M 5,613.56M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 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 Assets 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 131.64M 229.57M 411.80M 577.95M 700.20M 17.90M 0.00M 15.98M 27.53M 440.95M 446.10M 0.00M 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 -5,743.22M -5,637.07M 1,804.68M 661.79M 597.14M 745.19M 709.25M 745.09M 835.00M 1,097.56M 1,156.52M 1,549.93M 3,643.85M 4,314.16M 4,757.10M 4,824.67M 5,906.05M 6,003.10M 6,204.52M 6,363.31M 6,753.00M 6,138.73M 5,865.48M 5,570.87M 4,847.82M 3,793.91M 1,860.56M 1,467.47M 1,294.09M 737.38M 584.36M 499.10M
Other Assets 8,204.80M 9,580.66M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 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 8,204.80M 9,580.66M 1,870.52M 725.61M 704.51M 871.74M 845.74M 899.02M 1,114.09M 1,478.38M 1,915.22M 2,464.10M 4,659.54M 4,435.84M 4,764.56M 4,851.68M 5,946.60M 6,460.24M 6,668.80M 6,387.87M 6,786.94M 6,190.79M 5,934.82M 5,642.31M 4,847.82M 3,793.91M 1,860.56M 1,467.47M 1,294.09M 737.38M 584.36M 499.10M
Total Assets 7,134.78M 8,521.09M 7,670.44M 6,743.17M 6,325.96M 7,283.39M 7,469.49M 6,309.66M 5,897.02M 5,514.37M 5,633.74M 5,601.61M 6,785.05M 5,652.17M 5,903.20M 6,656.77M 7,620.89M 8,057.16M 7,867.29M 7,416.70M 7,151.67M 6,645.10M 6,540.65M 6,086.96M 5,099.26M 4,112.09M 2,002.55M 1,572.01M 1,360.54M 782.10M 592.75M 499.10M
Accounts Payable 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 6.85M 8.29M 26.67M 38.36M 325.27M 349.73M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 174.68M 281.14M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Short-Term Debt 47.24M 87.53M 36.14M 1,056.94M 585.07M 124.05M 128.55M 98.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 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 26.18M 25.81M 23.29M 20.76M 0.00M 0.00M 0.00M 0.00M 0.00M 96.74M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 24.09M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 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 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Current Liabilities -73.43M -147.55M 98.69M 130.56M 152.07M 228.08M 278.56M 291.83M 321.21M 288.40M 158.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 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 Liabilities 0.00M -34.22M 158.13M 1,208.26M 737.14M 352.12M 407.11M 389.83M 321.21M 385.14M 164.85M 8.29M 26.67M 38.36M 325.27M 349.73M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 174.68M 305.23M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Long-Term Debt 1,080.41M 3,102.20M 2,271.01M 480.32M 984.26M 1,436.41M 1,453.61M 923.98M 1,112.88M 1,027.07M 1,069.54M 1,219.45M 1,192.30M 930.07M 772.43M 1,046.82M 1,484.90M 698.22M 857.80M 953.52M 747.77M 747.47M 717.60M 717.40M 544.10M 324.10M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Capital Lease Obligations 26.17M 33.78M 37.44M 44.69M 49.39M 53.52M 53.40M 59.45M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 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 910.26M 841.38M 746.69M 589.56M 391.08M 337.51M 213.90M 71.08M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 26.71M 1,129.74M 961.99M 848.22M 688.26M 570.28M 432.10M 291.29M 206.17M 166.28M 6.54M 5.27M 0.00M
Other Non-Current Liabilities -2,016.84M -3,977.36M 812.43M 874.09M 1,031.93M 1,454.34M 1,589.06M 1,374.69M 1,217.91M 1,495.46M 1,756.50M 1,917.43M 3,451.62M 3,713.61M 4,069.18M 4,077.92M 5,276.21M 5,353.94M 5,227.61M 4,509.22M 2,015.34M 1,858.27M 1,571.20M 1,533.20M 1,525.62M 1,376.10M 619.31M 513.29M 414.93M 305.66M 231.14M 160.50M
Total Non-Current Liabilities 0.00M 0.00M 3,867.57M 1,988.67M 2,456.65M 3,281.79M 3,309.96M 2,429.21M 2,330.79M 2,522.54M 2,826.04M 3,136.88M 4,643.92M 4,643.68M 4,841.61M 5,124.75M 6,761.11M 6,052.16M 6,085.41M 5,489.45M 3,892.85M 3,567.73M 3,137.02M 2,938.86M 2,640.00M 2,132.30M 910.60M 719.46M 581.21M 312.20M 236.40M 160.50M
Total Liabilities 0.00M -34.22M 4,025.69M 3,196.93M 3,193.79M 3,633.91M 3,717.07M 2,819.04M 2,652.01M 2,907.68M 2,990.89M 3,145.17M 4,670.59M 4,682.05M 5,166.88M 5,474.47M 6,761.11M 6,052.16M 6,085.41M 5,489.45M 3,892.85M 3,567.73M 3,311.70M 3,244.09M 2,640.00M 2,132.30M 910.60M 719.46M 581.21M 312.20M 236.40M 160.50M
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 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Common Stock 0.16M 0.16M 0.17M 0.17M 0.18M 0.19M 0.21M 0.22M 0.23M 0.23M 0.23M 0.22M 0.21M 0.19M 0.15M 0.15M 0.15M 0.10M 0.10M 0.10M 0.10M 0.10M 0.10M 0.10M 0.10M 0.09M 0.04M 0.04M 0.04M 0.02M 0.02M 0.00M
Retained Earnings 5,012.74M 4,906.83M 4,695.35M 4,243.76M 3,786.95M 3,180.94M 2,684.64M 2,389.79M 1,719.54M 1,116.33M 997.89M 691.74M 406.81M -552.23M -355.24M 96.23M -204.93M 1,602.14M 1,766.95M 2,181.19M 3,489.29M 2,913.65M 2,397.63M 1,886.55M 1,508.14M 1,093.58M 789.83M 548.68M 407.41M 246.20M 177.20M 131.80M
Accumulated OCI -226.42M -272.94M -350.24M -330.85M -456.80M 120.09M 263.73M 110.49M -60.92M 23.09M -12.40M -18.48M 51.49M 37.38M 16.10M 11.40M -6.52M -71.01M -198.98M 97.14M 161.98M 120.12M 14.40M 140.14M 58.37M 10.44M 25.33M -15.87M 17.47M 3.91M 2.70M 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 4,786.48M 4,634.05M 4,345.28M 3,913.08M 3,330.33M 3,301.22M 2,948.57M 2,500.50M 1,658.85M 1,139.65M 985.73M 673.49M 458.51M -514.65M -339.00M 107.78M -211.30M 1,531.24M 1,568.06M 2,278.42M 3,651.36M 3,033.86M 2,412.12M 2,026.79M 1,566.61M 1,104.11M 815.20M 532.85M 424.92M 250.13M 179.91M 131.80M
Total Equity 4,786.48M 4,634.05M 4,345.28M 3,913.08M 3,330.33M 3,301.22M 2,948.57M 2,500.50M 1,658.85M 1,139.65M 985.73M 673.49M 458.51M -514.65M -339.00M 107.78M -211.30M 1,531.24M 1,568.06M 2,278.42M 3,651.36M 3,033.86M 2,412.12M 2,026.79M 1,566.61M 1,104.11M 815.20M 532.85M 424.92M 250.13M 179.91M 131.80M
Total Liabilities & Equity 4,786.48M 4,599.83M 8,370.97M 7,110.01M 6,524.12M 6,935.13M 6,665.64M 5,319.54M 4,310.86M 4,047.33M 3,976.62M 3,818.66M 5,129.09M 4,167.39M 4,827.88M 5,582.25M 6,549.81M 7,583.40M 7,653.47M 7,767.88M 7,544.22M 6,601.59M 5,723.82M 5,270.88M 4,206.61M 3,236.41M 1,725.80M 1,252.30M 1,006.12M 562.33M 416.32M 292.30M
Tangible Assets 7,134.78M 8,521.09M 7,632.23M 6,743.17M 6,310.67M 7,263.80M 7,446.45M 6,281.47M 5,786.66M 5,401.41M 5,357.51M 5,312.19M 6,496.81M 5,558.88M 5,903.20M 6,656.77M 7,620.89M 8,057.16M 7,867.29M 7,416.70M 7,151.67M 6,645.10M 6,540.65M 6,086.96M 5,099.26M 4,112.09M 2,002.55M 1,572.01M 1,360.54M 782.10M 592.75M 499.10M
Tangible Equity 4,786.48M 4,634.05M 4,307.07M 3,913.08M 3,315.04M 3,281.63M 2,925.53M 2,472.31M 1,548.49M 1,026.69M 709.50M 384.07M 170.27M -607.94M -339.00M 107.78M -211.30M 1,531.24M 1,568.06M 2,278.42M 3,651.36M 3,033.86M 2,412.12M 2,026.79M 1,566.61M 1,104.11M 815.20M 532.85M 424.92M 250.13M 179.91M 131.80M
Tangible Book Value 4,786.48M 4,634.05M 4,307.07M 3,913.08M 3,315.04M 3,281.63M 2,925.53M 2,472.31M 1,548.49M 1,026.69M 709.50M 384.07M 170.27M -607.94M -339.00M 107.78M -211.30M 1,531.24M 1,568.06M 2,278.42M 3,651.36M 3,033.86M 2,412.12M 2,026.79M 1,566.61M 1,104.11M 815.20M 532.85M 424.92M 250.13M 179.91M 131.80M
Total Investments 5,867.78M 7,894.56M 5,596.57M 5,848.79M 5,419.80M 6,068.59M 6,341.34M 5,207.30M 4,549.98M 3,874.38M 3,581.37M 3,017.84M 1,981.13M 1,100.16M 930.37M 1,508.86M 1,537.50M 1,401.16M 1,029.29M 697.27M 238.68M 361.94M 459.72M 255.07M 180.92M 210.79M 95.82M 56.97M 24.36M 11.03M 5.20M 0.00M
Net Debt 1,112.39M 3,167.64M 2,268.33M 1,518.26M 1,513.14M 1,409.31M 1,494.24M 929.26M 1,017.49M 946.51M 1,017.39M 1,172.56M 1,161.83M 907.19M 740.87M 1,011.24M 1,464.57M 656.65M 778.75M 752.74M 689.87M 739.62M 686.92M 650.23M 522.13M 263.94M -2.42M -7.51M -9.38M -2.36M -3.19M 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 1999-12-31 1998-12-31 1997-12-31 1996-12-31 1995-12-31
Working Capital 0.0M 0.0M 6,635.3M 5,680.8M 5,622.1M 6,615.3M 6,695.2M 5,519.5M 4,879.3M 4,134.1M 3,783.1M 3,169.7M 2,156.1M 1,238.5M 813.4M 1,455.4M 1,674.3M 1,596.9M 1,447.3M 1,822.3M 1,173.5M 1,039.8M 891.3M 522.4M 545.6M 644.7M 412.2M 309.2M 219.3M 44.7M 8.4M 0.0M
Total Capital 5,806.3M 7,716.2M 6,968.5M 5,979.8M 5,488.7M 5,819.3M 5,866.5M 5,070.7M 4,601.6M 4,027.1M 3,941.8M 3,716.4M 3,364.0M 1,869.7M 1,508.8M 2,229.1M 2,344.7M 2,703.2M 2,888.5M 3,674.3M 4,815.3M 4,410.3M 4,406.7M 3,943.2M 3,297.5M 2,630.4M 1,362.2M 1,057.3M 932.2M 469.9M 356.3M 338.6M
Capital Employed 8,204.8M 9,580.7M 8,505.9M 6,406.4M 6,326.6M 7,487.1M 7,540.9M 6,418.5M 5,993.4M 5,612.5M 5,698.3M 5,633.8M 6,815.7M 5,583.3M 5,577.9M 6,307.0M 7,620.9M 8,057.2M 8,116.1M 8,210.2M 7,960.4M 7,230.6M 6,826.1M 6,164.7M 5,393.4M 4,438.6M 2,272.8M 1,776.7M 1,513.4M 782.1M 592.7M 499.1M
Invested Capital 5,791.0M 7,694.1M 6,929.6M 5,960.8M 5,432.5M 5,668.1M 5,778.6M 4,978.0M 4,506.2M 3,946.5M 3,889.7M 3,669.5M 3,333.6M 1,846.8M 1,477.2M 2,193.5M 2,324.3M 2,661.6M 2,809.5M 3,473.5M 4,757.4M 4,402.5M 4,376.0M 3,876.0M 3,275.5M 2,570.2M 1,359.8M 1,049.7M 922.8M 467.5M 353.2M 338.6M

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 607.67M 613.51M 0.00M 603.12M 742.93M 600.67M 393.63M 672.31M 606.01M 121.09M 308.25M 281.54M 1,259.57M -196.99M -451.47M 302.15M -1,805.87M -147.88M -410.58M -1,290.30M 582.17M 522.85M 518.65M 385.90M 427.17M 360.42M 248.94M 148.10M 142.24M 75.00M 62.20M 50.80M
Depreciation & Amortization 45.60M 63.08M 0.00M 79.12M 76.58M 75.47M 71.73M 0.00M 69.09M 85.84M 71.02M 81.63M 34.21M 69.73M 72.39M 63.12M 39.79M 20.08M 16.19M 19.33M 37.00M 34.04M 27.96M 17.31M 0.80M 2.49M 54.63M 58.80M 58.50M 31.30M 26.90M 23.40M
Deferred Income Tax 167.08M 90.15M 0.00M 165.00M 206.93M 161.79M 102.08M 157.16M 120.57M 166.53M 170.89M 156.17M -825.84M -31.85M 7.82M 6.76M 381.41M -55.34M -313.09M -879.84M 145.30M 147.16M 135.03M 74.69M 138.18M 140.80M 62.94M 57.85M 49.81M 0.62M -0.30M 0.70M
Stock-Based Compensation 0.00M 0.00M 0.00M 41.13M 38.06M 28.44M 19.19M 21.41M 0.00M 0.00M 0.00M 0.00M 0.00M 96.90M 0.00M 0.00M 0.00M 0.00M 12.00M 8.79M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Change in Working Capital -145.08M -184.45M -244.35M -286.11M -715.37M -265.22M 151.28M -183.61M -160.36M -245.10M -212.76M -551.08M -660.46M -357.72M 39.09M -34.55M 117.79M 494.69M 1,635.75M 1,126.16M -37.92M 392.03M 75.41M 439.61M 209.79M 98.17M -119.50M -146.87M -128.59M -88.79M -61.53M -32.90M
Accounts Receivable -10.26M -8.67M 0.00M -1.89M 46.47M 0.00M 0.00M 0.00M 0.00M 3.63M 0.00M 25.66M 0.00M 0.00M 66.39M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 157.42M 48.16M 87.42M 104.58M 62.41M 18.64M -27.90M 1.50M -7.50M 0.00M 0.00M
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 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 8.40M 128.03M 1,056.15M 202.83M 116.29M 51.32M 167.58M 33.63M 90.98M 54.44M 90.50M 0.00M 0.00M 0.00M -2.50M
Other Working Capital -134.82M -175.78M -244.35M -284.22M -761.85M -265.22M 151.28M -183.61M -160.36M -248.73M -212.76M -576.74M -660.46M -357.72M -27.30M -34.55M 117.79M 486.29M 1,507.71M 70.01M -240.74M 118.32M -24.06M 184.61M 71.57M -55.22M -192.58M -209.47M -130.09M -81.29M -61.53M -30.40M
Other Non-Cash Items -1,231.82M -711.49M -419.23M -72.82M 39.18M -44.05M -79.47M 27.16M 42.48M 232.22M 44.32M 45.51M 46.25M -245.01M -178.32M -1,235.25M 404.28M -283.91M -1,274.09M 1,317.64M -238.06M -525.70M -430.05M -382.52M -189.13M -120.73M 32.97M 143.80M 68.10M 129.97M 57.21M 17.10M
Net Cash from Operating Activities -556.55M -129.20M -663.57M 529.43M 388.30M 557.11M 658.43M 694.43M 677.79M 360.58M 381.72M 11.72M -146.26M -664.94M -510.50M -897.78M -862.60M 27.65M -333.82M 301.80M 488.49M 570.39M 327.00M 534.98M 586.81M 481.15M 279.98M 261.67M 190.06M 148.10M 84.48M 59.10M
Capital Expenditures (PPE) -3.68M -3.28M 0.00M -16.28M -17.67M -12.60M -17.02M -27.63M -26.01M -28.68M -35.54M -25.47M -18.50M -6.00M -2.20M -2.98M -2.52M -4.30M -3.57M -3.76M -15.41M -8.26M -8.59M -34.56M -41.57M -8.54M -9.42M -12.51M -0.10M -6.33M 0.00M 0.00M
Acquisitions (Net) 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 16.48M 0.00M -7.96M -0.74M -0.15M 774.03M -294.39M 0.00M 0.00M 0.00M 121,627.00M 0.00M -72.39M 0.00M 0.00M 38.55M 0.00M 0.00M 0.00M -6.79M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Purchases of Investments -1,261.81M -1,355.71M 0.00M -1,193.26M -1,439.60M -2,085.80M -2,525.82M -1,971.13M -2,052.55M -2,161.39M -1,991.48M -1,338.97M -884.02M -644.78M 41.04M -5,457.94M -6,212.37M -3,164.00M -1,403.58M -1,526.72M -1,384.78M -1,227.84M -1,865.07M -202.96M -2,725.33M -1,729.38M -885.79M -440.32M -458.40M -227.20M -98.88M -83.90M
Sales / Maturities of Investments 1,240.75M 1,537.28M 0.00M 908.74M 1,458.99M 2,090.42M 1,733.62M 1,697.44M 1,394.52M 1,988.42M 1,848.63M 570.48M 696.19M 561.89M 0.00M 6,533.57M 6,200.61M 3,251.76M 1,715.96M 1,238.37M 1,275.38M 1,096.26M 1,531.19M 131.59M 1,992.29M 1,208.34M 592.71M 179.01M 69.72M 100.90M 22.25M 27.80M
Other Investing Activities 264.66M 2.73M 327.75M -0.05M -6.89M 6.13M -90.45M -0.74M 2.59M 0.88M 2.49M 22.72M 163.08M 149.19M 622.23M 0.00M -121,660.50M 0.00M 72.39M -56.41M -70.08M -38.75M 79.41M -559.76M 1.68M 23.27M 2.63M 0.01M 196.75M -11.17M -4.25M -1.10M
Net Cash from Investing Activities 239.92M 181.03M 327.75M -300.84M -5.18M -1.86M -883.18M -302.05M -689.41M -201.49M -176.06M 2.79M -336.04M 60.30M 661.07M 1,072.66M -47.79M 83.46M 308.80M -348.53M -194.88M -140.04M -263.05M -665.69M -772.94M -513.10M -299.86M -273.81M -192.03M -143.80M -80.87M -57.20M
Net Debt Issuance 364.20M -425.36M 734.14M 13.28M 55.92M 4.24M 547.12M -102.27M 73.19M -151.63M -102.03M 187.16M 236.59M 298.41M -153.26M -160.00M 361.96M -145.62M -100.00M 200.00M 0.00M 27.39M 0.00M 171.17M 215.94M 73.16M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Long-Term Debt Issuance 362.16M -482.89M 757.78M -24.95M -47.06M -6.00M 584.60M -116.13M 35.36M -151.63M -102.03M 187.16M 236.59M 298.41M -153.26M -160.00M 361.96M -145.62M -100.00M 200.00M 0.00M 29.56M 0.00M 246.17M 215.94M 246.89M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Short-Term Debt Issuance 2.04M -11.54M -23.64M 38.23M 102.98M 10.24M -37.48M 13.86M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M -2.17M 0.00M -75.00M 0.00M -173.72M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Net Stock Issuance -506.90M -211.40M -224.13M -131.56M -398.85M -399.10M -224.75M -297.79M -48.67M 7.13M -99.47M -202.00M 247.19M 299.41M 0.00M 0.00M 525.89M 0.00M 0.00M 2.46M -236.70M -510.88M -105.98M 14.58M -58.39M 33.97M 22.59M 17.13M 10.55M 4.20M 1.58M 3.30M
Common Stock Issuance 1.03M 1.15M 0.93M 1.76M 1.34M 1.38M 1.55M 2.42M 1.39M 7.13M 0.72M 1.29M 247.19M 299.41M 0.00M 0.00M 525.89M 0.00M 0.00M 25.28M 26.91M 23.01M 22.88M 23.22M 28.61M 39.69M 24.75M 17.13M 10.55M 4.20M 1.58M 3.30M
Common Stock Repurchased -507.93M -212.33M -225.06M -133.31M -400.20M -399.10M -226.31M -300.20M -50.05M -0.01M -100.19M -202.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M -22.82M -263.60M -533.89M -127.83M -8.64M -87.00M -5.72M -2.16M 0.00M 0.00M 0.00M 0.00M 0.00M
Preferred Stock Issuance 0.00M -0.22M 0.00M 0.00M 0.00M -1.38M 0.00M 0.00M 0.00M 0.00M 0.00M -1.29M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 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
Net Dividends Paid -147.48M -150.11M -151.96M -145.91M -135.44M -103.30M -97.46M -2.06M -2.14M -2.15M -2.11M -2.00M -1.87M -1.63M -1.34M -1.33M -1.20M -0.83M -3.67M -6.43M -6.53M -6.83M -7.58M -7.49M -9.61M -10.05M -7.79M -6.86M -6.02M -6.00M -5.65M -5.50M
Common Dividends Paid -147.48M -150.11M -151.96M -145.91M -135.44M -103.30M -97.46M -2.06M -2.14M -2.15M -2.11M -2.00M -1.87M -1.63M -1.34M -1.33M -1.20M -0.83M -3.67M -6.43M -6.53M -6.83M -7.58M -7.49M -9.61M -10.05M -7.79M -6.86M -6.02M -6.00M -5.65M -5.50M
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 592.77M 708.32M -0.81M -0.90M -0.81M 1.38M -2.29M -0.99M 0.00M 21.57M 0.33M 17.44M 0.11M 0.75M 0.00M 0.00M 0.00M 0.00M 12.80M 5.52M 4.78M 37.63M 13.11M -2.35M 0.00M -7.39M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Net Cash from Financing Activities 302.60M -78.55M 357.23M -265.09M -479.18M -496.78M 222.62M -403.11M 22.39M -125.08M -203.27M 0.60M 482.02M 596.94M -154.60M -161.33M 886.65M -146.45M -90.87M 201.55M -238.45M -452.70M -100.44M 175.90M 147.94M 89.69M 14.80M 10.27M 4.53M -1.80M -4.07M -2.20M
Effect of FX on Cash 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.43M -0.48M -0.13M -0.07M 0.00M -0.01M 1.70M 2.50M 1.09M -5.86M -11.93M -5.11M -0.48M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M -1.90M
Net Change in Cash -14.03M -26.72M 21.41M -36.50M -96.06M 58.47M -2.13M -10.73M 10.76M 34.43M 1.92M 15.40M -2.35M -6.53M -4.03M 15.26M -21.24M -34.26M -121.74M 142.89M 50.05M -22.83M -36.49M 45.20M -38.19M 57.74M -5.08M -1.87M 2.56M 2.40M -0.46M -2.20M
Cash at Beginning of Period 122.09M 121.47M 20.07M 56.56M 152.62M 94.15M 96.27M 107.00M 96.24M 61.81M 59.90M 44.50M 45.41M 29.41M 33.02M 20.33M 41.57M 75.83M 200.79M 57.90M 7.85M 30.68M 67.17M 21.97M 60.16M 2.42M 7.51M 9.38M 2.36M 4.40M 3.65M 3.90M
Cash at End of Period 108.06M 94.75M 41.47M 20.07M 56.56M 152.62M 94.15M 96.27M 107.00M 96.24M 61.81M 59.90M 44.50M 22.88M 29.41M 35.59M 20.33M 41.57M 79.05M 200.79M 57.90M 7.85M 30.68M 67.17M 21.97M 60.16M 2.42M 7.51M 9.38M 6.80M 3.19M 1.70M
Operating Cash Flow -556.55M -129.20M -663.57M 529.43M 388.30M 557.11M 658.43M 694.43M 677.79M 360.58M 381.72M 11.72M -146.26M -664.94M -510.50M -897.78M -862.60M 27.65M -333.82M 301.80M 488.49M 570.39M 416.68M 534.98M 586.81M 481.15M 279.98M 261.67M 190.06M 148.10M 84.48M 59.10M
Capital Expenditure -3.68M -3.28M -3.17M -16.28M -17.67M -12.60M -17.02M -27.63M -26.01M -28.68M -35.54M -25.47M -18.50M -6.00M -2.20M -2.98M -2.52M -4.30M -3.57M -3.76M -15.41M -8.26M -15.92M -34.56M -41.57M -8.54M -9.42M -12.51M -6.50M -15.20M 0.00M 0.00M
Free Cash Flow -560.23M -132.48M -666.75M 513.15M 370.63M 544.51M 641.42M 666.81M 651.78M 331.90M 346.18M -13.75M -164.76M -670.94M -512.70M -900.75M -865.12M 23.35M -337.39M 298.03M 473.08M 562.13M 400.76M 500.42M 545.24M 472.61M 270.56M 249.16M 183.56M 132.90M 84.48M 59.10M

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 1,162.92M 1,198.54M 1,306.33M 1,308.96M 1,499.26M 1,250.86M 909.43M 1,334.01M 1,114.07M 1,043.44M 969.03M 960.15M 823.43M 228.40M 0.32M 668.77M -1,335.46M -128.65M -881.79M -1,579.97M 1,253.33M 1,221.89M 1,274.54M 1,168.01M 967.80M 825.12M 618.56M 496.32M 483.61M 390.00M 222.65M 165.60M
(-) Tax Adjustment 253.59M 256.92M 282.59M 280.33M 330.21M 268.48M 162.78M 277.62M 127.29M 365.20M 339.16M 336.05M 0.00M 41.50M 0.06M 120.43M 0.00M -45.03M -308.63M -552.99M 356.14M 358.95M 363.49M 319.92M 280.23M 236.87M 181.68M 161.31M 136.05M 106.39M 54.88M 42.25M
(-) Change In Working Capital -145.08M -184.45M -244.35M -286.11M -715.37M -265.22M 151.28M -183.61M -160.36M -245.10M -212.76M -551.08M -660.46M -357.72M 39.09M -34.55M 117.79M 494.69M 1,635.75M 1,126.16M -37.92M 392.03M 75.41M 439.61M 209.79M 98.17M -119.50M -146.87M -128.59M -88.79M -61.53M -32.90M
(-) Capital Expenditure -3.68M -3.28M -3.17M -16.28M -17.67M -12.60M -17.02M -27.63M -26.01M -28.68M -35.54M -25.47M -18.50M -6.00M -2.20M -2.98M -2.52M -4.30M -3.57M -3.76M -15.41M -8.26M -15.92M -34.56M -41.57M -8.54M -9.42M -12.51M -6.50M -15.20M 0.00M 0.00M
Unlevered Free Cash Flow 1,050.73M 1,120.33M 1,264.91M 1,298.46M 1,866.76M 1,235.00M 578.36M 1,212.38M 1,121.13M 894.65M 807.08M 1,149.72M 1,465.39M 538.62M -41.02M 579.91M -1,455.77M -582.62M -2,212.48M -2,156.91M 919.70M 462.65M 819.72M 373.92M 436.21M 481.56M 546.96M 469.38M 469.65M 357.20M 229.30M 156.25M
(-) Net Interest Income After Taxes -68.87M -74.07M -81.30M -70.49M -65.85M -66.24M -58.41M -44.59M -54.46M -40.79M -52.74M -59.22M -90.46M -61.06M -42.64M -50.34M -41.78M -29.91M -34.78M -34.49M -34.47M -30.40M -24.80M -27.23M -20.46M -12.69M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Net Debt Issuance 364.20M -425.36M 734.14M 13.28M 55.92M 4.24M 547.12M -102.27M 73.19M -151.63M -102.03M 187.16M 236.59M 298.41M -153.26M -160.00M 361.96M -145.62M -100.00M 200.00M 0.00M 27.39M 0.00M 171.17M 215.94M 73.16M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Levered Free Cash Flow 1,483.79M 769.04M 2,080.35M 1,382.23M 1,988.53M 1,305.48M 1,183.89M 1,154.70M 1,248.79M 783.82M 757.79M 1,396.10M 1,792.44M 898.09M -151.64M 470.25M -1,052.03M -698.33M -2,277.70M -1,922.41M 954.16M 520.43M 844.52M 572.32M 672.60M 567.41M 546.96M 469.38M 469.65M 357.20M 229.30M 156.25M