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Page: Company Financials

Texas Capital Bancshares, Inc.

Ticker: TCBI | Industry: Banks - Regional | Sector: Financial Services
$97.05 -4.52 (-4.45%)
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
Stock Price 84.53 79.40 79.54 67.48 56.00 57.32 63.67 35.92 57.31 78.40 83.89 54.62 53.18 57.73 48.38 42.52 26.32 18.50 14.38 16.75 20.90 21.48 21.07 18.16 12.67 11.99 11.99 11.99
Market Capitalization 3,863.71M 3,635.85M 3,648.32M 3,138.86M 2,689.92M 2,873.76M 3,221.08M 1,814.09M 2,882.16M 3,913.50M 4,167.50M 2,543.34M 2,435.14M 2,490.89M 1,973.62M 1,658.91M 981.57M 678.23M 490.57M 465.90M 549.97M 559.33M 533.55M 455.33M 269.43M 210.62M 117.20M 107.04M
(-) Cash & Equivalents 3,064.83M 2,690.14M 3,185.81M 3,402.40M 3,483.19M 4,574.85M 8,720.26M 9,787.58M 3,874.18M 2,908.72M 2,623.08M 2,942.36M 1,607.70M 618.79M 187.29M 156.58M 133.48M 89.61M 68.98M 79.86M 88.86M 119.84M 109.56M 71.74M 67.41M 79.27M 41.23M 53.11M
(+) Total Debt 895.42M 1,870.26M 1,392.06M 1,796.33M 2,464.38M 2,672.09M 3,091.19M 3,923.51M 3,717.11M 4,291.13M 3,032.82M 2,314.64M 1,805.91M 1,301.14M 1,236.44M 1,978.10M 1,397.05M 406.01M 1,105.10M 957.11M 587.19M 377.86M 445.60M 606.14M 537.77M 290.04M 112.35M 20.73M
Enterprise Value 1,694.30M 2,815.97M 1,854.57M 1,532.79M 1,671.11M 971.00M -2,407.99M -4,049.98M 2,725.09M 5,295.91M 4,577.25M 1,915.62M 2,633.35M 3,173.24M 3,022.77M 3,480.43M 2,245.14M 994.63M 1,526.68M 1,343.15M 1,048.30M 817.36M 869.59M 989.73M 739.79M 421.39M 188.32M 74.67M

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
Revenue 1,963M 1,717M 1,761M 1,791M 1,245M 987M 1,178M 1,435M 1,227M 938M 762M 651M 557M 489M 441M 354M 312M 272M 271M 310M 254M 172M 118M 96M 79M 47M 41M 9M
Cost of Revenue 826M 891M 895M 788M 334M 78M 446M 461M 336M 162M 141M 100M 60M 44M 33M 47M 92M 90M 124M 164M 123M 65M 38M 36M 34M 41M 39M 9M
Gross Profit 1,137M 827M 865M 1,004M 911M 909M 732M 975M 891M 776M 622M 551M 497M 445M 408M 307M 220M 182M 147M 146M 131M 107M 80M 60M 45M 6M 2M 0M
Gross Profit Margin 57.9% 48.1% 49.2% 56.0% 73.1% 92.1% 62.1% 67.9% 72.6% 82.7% 81.6% 84.7% 89.3% 91.0% 92.5% 86.7% 70.6% 67.0% 54.3% 47.2% 51.5% 62.0% 68.1% 62.3% 57.4% 12.7% 4.8% 3.9%
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
SG&A Expenses 506M 544M 512M 522M 484M 381M 390M 447M 395M 346M 296M 248M 215M 196M 152M 129M 108M 91M 67M 60M 54M 42M 32M 24M 18M 15M 4M 2M
Operating Expenses 756M 788M 758M 757M 479M 571M 640M 578M 518M 450M 381M 327M 285M 257M 220M 188M 163M 146M 110M 99M 87M 66M 50M 48M 35M 0M 18M 10M
Operating Income (EBIT) 381M 39M 107M 247M 432M 338M 92M 396M 373M 326M 241M 224M 212M 188M 189M 118M 57M 37M 38M 48M 44M 41M 30M 12M 10M 6M -16M -9M
Operating Income Margin 19.4% 2.3% 6.1% 13.8% 34.7% 34.2% 7.8% 27.6% 30.4% 34.7% 31.6% 34.5% 38.1% 38.4% 42.7% 33.5% 18.2% 13.5% 13.9% 15.4% 17.3% 23.6% 25.4% 12.1% 12.5% 12.4% -40.2% -100.9%
Interest Income 1,765M 1,709M 1,730M 1,630M 1,144M 877M 1,039M 1,355M 1,164M 879M 703M 603M 515M 445M 398M 322M 280M 243M 249M 290M 238M 159M 108M 85M 70M 71M 56M 14M
Interest Expense 774M 823M 828M 716M 268M 108M 188M 386M 249M 118M 64M 46M 38M 25M 22M 19M 38M 46M 97M 150M 120M 65M 36M 32M 28M 36M 33M 6M
Net Interest Income 991M 886M 901M 914M 876M 769M 851M 969M 915M 761M 640M 557M 477M 420M 377M 303M 242M 197M 152M 141M 118M 94M 72M 53M 42M 35M 23M 8M
Unusual Items -991M -886M -901M -914M -876M -769M -851M -969M -915M -761M -640M -557M -477M -420M -377M -303M -242M -197M -152M -141M -118M -94M -72M -53M -42M -35M -23M -8M
EBT Excluding Unusual Items 1,372M 925M 1,008M 1,161M 1,308M 1,107M 943M 1,366M 1,288M 1,087M 881M 781M 689M 607M 565M 421M 299M 234M 190M 188M 162M 135M 102M 65M 52M 41M 6M -1M
Pre-Tax Income 381M 39M 107M 247M 432M 338M 92M 396M 373M 326M 241M 224M 212M 188M 189M 118M 57M 37M 38M 48M 44M 41M 30M 12M 10M 6M -16M -9M
Pre-Tax Margin 19.4% 2.3% 6.1% 13.8% 34.7% 34.2% 7.8% 27.6% 30.4% 34.7% 31.6% 34.5% 38.1% 38.4% 42.7% 33.5% 18.2% 13.5% 13.9% 15.4% 17.4% 23.6% 25.4% 12.1% 12.5% 12.4% -40.2% -100.9%
Income Tax Expense 93M 12M 30M 57M 99M 84M 26M 84M 80M 129M 86M 80M 76M 67M 68M 42M 20M 13M 13M 16M 15M 14M 10M -2M 3M 0M 0M 0M
Net Income 288M 27M 78M 189M 332M 254M 66M 312M 293M 197M 155M 145M 136M 121M 121M 76M 37M 24M 24M 29M 29M 27M 20M 14M 7M 6M -16M -9M
Net Income Margin 14.7% 1.6% 4.4% 10.6% 26.7% 25.7% 5.6% 21.7% 23.9% 21.0% 20.3% 22.3% 24.5% 24.8% 27.3% 21.5% 11.9% 8.9% 8.9% 9.5% 11.4% 15.8% 17.3% 14.4% 9.3% 12.4% -40.2% -100.9%
Depreciation & Amortization 52M 49M 54M 40M 45M 93M 75M 37M 32M 28M 22M 16M 15M 11M 9M 9M 7M 8M 8M 8M 7M 4M 6M 11M 4M 2M 2M 1M
EBITDA 433M 88M 161M 287M 477M 431M 167M 434M 405M 354M 263M 241M 227M 199M 198M 128M 64M 45M 45M 55M 51M 45M 36M 23M 14M 8M -15M -9M
EBITDA Margin 22.1% 5.1% 9.2% 16.0% 38.3% 43.7% 14.2% 30.2% 33.0% 37.7% 34.5% 37.0% 40.8% 40.8% 44.8% 36.1% 20.4% 16.4% 16.8% 17.9% 20.0% 26.0% 30.4% 23.4% 18.1% 16.4% -36.3% -93.2%
NOPAT 288M 27M 78M 189M 332M 254M 66M 312M 293M 197M 155M 145M 136M 121M 121M 76M 37M 24M 25M 31M 29M 27M 20M 14M 7M 6M -13M -7M
NOPAT Margin 14.7% 1.6% 4.4% 10.6% 26.7% 25.7% 5.6% 21.7% 23.9% 21.0% 20.3% 22.3% 24.5% 24.8% 27.3% 21.5% 12.0% 9.0% 9.2% 10.1% 11.4% 15.6% 16.9% 14.4% 9.3% 12.4% -31.8% -79.7%
Owner's Earnings 329M 14M 67M 213M 366M 343M 138M 333M 318M 213M 175M 156M 135M 129M 127M 82M 40M 27M 26M 21M 17M 28M 25M 23M 12M 7M -18M -13M
Owner's Earnings Margin 16.8% 0.8% 3.8% 11.9% 29.4% 34.8% 11.8% 23.2% 25.9% 22.7% 22.9% 24.0% 24.3% 26.3% 28.7% 23.1% 12.9% 10.1% 9.6% 6.9% 6.5% 16.2% 21.4% 23.5% 14.6% 15.1% -44.1% -143.4%
EPS (Basic) 6.17 0.17 1.29 3.58 6.25 4.65 1.12 6.23 5.83 3.78 3.14 2.95 2.93 2.78 3.09 2.03 1.02 0.55 0.87 1.12 1.11 1.06 0.81 0.62 0.33 0.31 -1.89 -1.23
EPS (Diluted) 6.20 0.56 1.65 3.89 6.51 4.97 1.31 6.19 5.84 3.92 3.32 3.12 3.10 2.90 3.00 1.98 1.00 0.71 0.87 1.10 1.09 1.02 0.77 0.63 0.38 0.30 -1.89 -1.23
Shares (Basic) 46M 47M 47M 48M 50M 51M 50M 50M 50M 50M 46M 46M 43M 41M 39M 37M 37M 34M 28M 26M 26M 26M 25M 21M 19M 19M 9M 8M
Shares (Diluted) 46M 47M 47M 49M 51M 51M 51M 50M 50M 50M 47M 46M 44M 42M 40M 38M 37M 34M 28M 27M 27M 27M 27M 22M 20M 19M 9M 8M

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
Cash & Cash Equivalents 3,064.83M 2,690.14M 3,188.81M 3,242.85M 5,012.26M 7,946.66M 9,206.38M 4,395.58M 3,029.88M 2,875.59M 2,814.35M 1,735.87M 1,330.51M 153.82M 206.35M 110.56M 104.87M 80.46M 77.89M 89.46M 93.72M 137.84M 78.49M 69.55M 88.74M 56.62M 60.29M 8.55M
Short-Term Investments 3,801.26M 0.00M 182.86M 3,225.89M 2,615.64M 3,583.81M 3,196.97M 239.87M 120.22M 23.51M 24.87M 29.99M 41.72M 63.21M 100.20M 143.71M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Cash & Short-Term Investments 6,866.09M 2,690.14M 3,371.67M 6,468.74M 7,627.90M 11,530.47M 12,403.35M 4,635.45M 3,150.09M 2,899.10M 2,839.23M 1,765.86M 1,372.23M 217.04M 306.54M 254.27M 104.87M 80.46M 77.89M 89.46M 93.72M 137.84M 78.49M 69.55M 88.74M 56.62M 60.29M 8.55M
Net Receivables 0.00M 0.00M 0.00M 801.67M 719.16M 559.90M 715.70M 740.05M 626.61M 516.24M 465.93M 382.10M 333.70M 286.91M 316.20M 268.86M 225.31M 202.89M 184.24M 86.45M 85.82M 71.52M 56.70M 48.99M 41.92M 0.00M 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
Other Current 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 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Total Current Assets 6,866.09M 2,690.14M 3,371.67M 7,270.41M 8,347.07M 12,090.36M 13,119.05M 5,375.51M 3,776.71M 3,415.34M 3,305.16M 2,147.96M 1,705.93M 503.94M 622.74M 523.13M 330.18M 283.35M 262.13M 175.92M 179.54M 209.36M 135.19M 118.54M 130.66M 56.62M 60.29M 8.55M
Property, Plant & Equipment 88.35M 86.83M 85.44M 32.37M 26.38M 20.90M 24.55M 31.21M 23.80M 25.18M 19.78M 23.56M 23.14M 11.48M 11.45M 11.46M 11.57M 11.19M 9.47M 31.68M 33.82M 21.63M 4.52M 4.67M 3.83M 4.95M 6.11M 4.41M
Goodwill 0.00M 0.00M 1.50M 1.50M 1.50M 15.09M 15.09M 15.09M 15.09M 15.09M 15.09M 15.09M 15.00M 15.00M 14.04M 14.04M 0.00M 0.00M 184.24M 86.45M 85.82M 71.52M 1.50M 1.50M 41.92M 1.50M 1.62M 1.75M
Intangible Assets 1.50M 1.50M 0.00M 0.00M 0.00M 2.17M 108.00M 67.91M 45.95M 89.27M 32.95M 5.29M 5.59M 6.29M 5.84M 6.44M 225.31M 202.89M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Long-Term Investments 24,716.01M 28,252.63M 26,391.61M 21,051.99M 20,039.70M 22,648.82M 24,459.41M 27,028.35M 24,346.03M 21,500.76M 18,299.15M 16,656.91M 14,156.06M 11,183.26M 9,886.77M 7,582.55M 6,019.94M 5,349.58M 4,858.26M 4,072.00M 3,449.01M 2,798.72M 2,469.96M 2,068.16M 1,657.29M 1,092.04M 830.27M 389.20M
Tax 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 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Non-Current Assets 865.04M 912.44M 881.66M 0.00M 0.00M 0.00M 0.00M 30.00M 50.19M 30.00M 25.00M 55.00M 0.00M 0.09M 0.00M 0.00M 75.00M 44.98M 4.14M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 9.68M 10.14M 4.67M
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 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Total Non-Current Assets 25,670.89M 29,253.39M 27,360.21M 21,085.85M 20,067.58M 22,686.98M 24,607.05M 27,172.56M 24,481.06M 21,660.30M 18,391.98M 16,755.86M 14,199.78M 11,216.12M 9,918.10M 7,614.49M 6,331.82M 5,608.64M 5,056.11M 4,190.14M 3,568.64M 2,891.87M 2,475.98M 2,074.33M 1,703.04M 1,108.16M 848.14M 400.03M
Total Assets 32,536.98M 31,943.54M 30,731.88M 28,356.27M 28,414.64M 34,777.35M 37,726.10M 32,548.07M 28,257.77M 25,075.65M 21,697.13M 18,903.82M 15,905.71M 11,720.06M 10,540.84M 8,137.62M 6,662.00M 5,891.99M 5,318.24M 4,366.05M 3,748.18M 3,101.23M 2,611.16M 2,192.88M 1,833.71M 1,164.78M 908.43M 408.58M
Accounts Payable 9.36M 14.12M 23.68M 33.23M 24.00M 7.70M 11.15M 12.76M 20.68M 7.68M 5.50M 5.10M 4.75M 0.75M 0.65M 0.60M 2.58M 2.47M 6.42M 5.63M 5.78M 4.78M 3.51M 3.47M 3.83M 0.00M 0.00M 0.00M
Short-Term Debt 275.00M 1,250.00M 885.00M 1,500.00M 1,201.14M 2,202.83M 111.75M 141.77M 641.17M 365.04M 109.58M 143.05M 92.68M 170.60M 297.12M 1,768.12M 297.89M 957.03M 1,240.61M 351.96M 211.56M 265.72M 594.99M 545.75M 449.46M 153.69M 11.53M 46.27M
Tax Payables 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 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 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
Other Current Liabilities 27,505.40M 26,064.31M 25,238.60M 22,371.84M 22,856.88M 28,109.37M 30,996.59M 26,478.59M 20,606.11M 19,123.18M 17,016.83M 15,084.62M 12,673.30M 9,257.38M 7,440.80M 5,556.26M 5,455.40M 4,120.73M 3,333.19M 3,066.38M 3,069.33M 2,495.18M 1,789.89M 1,445.03M 1,196.54M 886.08M 794.86M 287.07M
Total Current Liabilities 27,789.76M 27,328.43M 26,147.28M 23,905.07M 24,082.02M 30,319.90M 31,119.49M 26,633.12M 21,267.96M 19,495.90M 17,131.90M 15,232.77M 12,770.72M 9,428.73M 7,738.57M 7,324.97M 5,755.87M 5,080.22M 4,580.22M 3,423.97M 3,286.67M 2,765.68M 2,388.39M 1,994.25M 1,649.82M 1,039.76M 806.38M 333.34M
Long-Term Debt 620.42M 620.26M 660.35M 859.15M 931.44M 928.74M 3,395.90M 2,795.54M 4,295.17M 3,194.81M 2,394.45M 1,894.09M 1,499.41M 1,079.43M 1,874.45M 1,445.47M 113.41M 113.41M 40.00M 545.30M 113.41M 46.39M 20.62M 20.62M 10.00M 9.91M 7.06M 0.00M
Capital Lease Obligations 0.00M 0.00M 0.00M 98.20M 106.69M 52.02M 65.31M 95.90M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 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 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 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 489.71M 484.78M 556.32M 392.90M 345.83M 273.49M 339.49M 318.09M 194.24M 182.21M 161.22M 153.43M 151.39M 115.55M 91.58M -1,249.16M 48.58M 23.92M 134.39M 23.05M 21.76M 14.63M 6.88M 6.25M 8.49M 8.75M 8.79M 2.33M
Total Non-Current Liabilities 1,110.12M 1,105.04M 1,216.67M 1,350.25M 1,383.96M 1,254.24M 3,800.69M 3,209.53M 4,489.41M 3,377.02M 2,555.67M 2,047.52M 1,650.80M 1,194.98M 1,966.03M 196.32M 161.98M 137.32M 174.39M 568.34M 135.16M 61.02M 27.50M 26.87M 18.49M 18.66M 15.85M 2.33M
Total Liabilities 28,899.88M 28,433.47M 27,363.95M 25,255.32M 25,465.98M 31,574.14M 34,920.18M 29,842.65M 25,757.37M 22,872.92M 19,687.58M 17,280.29M 14,421.52M 10,623.71M 9,704.60M 7,521.29M 5,917.85M 5,217.54M 4,754.61M 3,992.31M 3,421.83M 2,826.70M 2,415.89M 2,021.12M 1,668.31M 1,058.42M 822.23M 335.67M
Preferred Stock 300.00M 300.00M 300.00M 300.00M 300.00M 300.00M 150.00M 150.00M 150.00M 150.00M 150.00M 150.00M 150.00M 150.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.01M 0.01M 0.00M 0.00M
Common Stock 0.52M 0.52M 0.52M 0.51M 0.51M 0.51M 0.50M 0.50M 0.50M 0.50M 0.50M 0.46M 0.46M 0.41M 0.41M 0.38M 0.37M 0.36M 0.31M 0.26M 0.26M 0.26M 0.26M 0.25M 0.19M 0.19M 0.10M 0.08M
Retained Earnings 2,712.30M 2,611.40M 2,495.65M 2,435.39M 2,263.50M 1,948.27M 1,713.06M 1,663.67M 1,381.49M 1,090.50M 903.19M 757.82M 622.71M 496.11M 382.46M 261.78M 185.81M 148.62M 129.85M 105.59M 76.16M 47.24M 20.05M 0.49M -13.35M -20.69M -26.53M -10.04M
Accumulated OCI -84.22M -112.93M -183.11M -362.00M -418.94M -47.72M 15.77M 8.95M 0.52M 0.43M 0.42M 0.72M 1.29M 1.63M 3.27M 4.72M 5.36M 6.17M 1.87M -0.31M -4.66M -7.53M 3.17M 3.84M 6.91M 0.07M 0.09M -2.88M
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
Total Shareholders’ Equity 2,928.59M 2,798.99M 2,613.06M 2,373.90M 2,145.07M 2,201.07M 1,879.33M 1,823.12M 1,532.51M 1,241.42M 1,054.10M 909.00M 774.46M 648.15M 386.13M 266.88M 191.53M 155.14M 132.03M 105.54M 71.77M 39.97M 23.47M 4.58M -6.24M -20.43M -26.35M -12.84M
Total Equity 2,928.59M 2,798.99M 2,613.06M 2,373.90M 2,145.07M 2,201.07M 1,879.33M 1,823.12M 1,532.51M 1,241.42M 1,054.10M 909.00M 774.46M 648.15M 386.13M 266.88M 191.53M 155.14M 132.03M 105.54M 71.77M 39.97M 23.47M 4.58M -6.24M -20.43M -26.35M -12.84M
Total Liabilities & Equity 31,828.47M 31,232.45M 29,977.01M 27,629.22M 27,611.05M 33,775.20M 36,799.51M 31,665.77M 27,289.89M 24,114.35M 20,741.67M 18,189.28M 15,195.98M 11,271.86M 10,090.74M 7,788.17M 6,109.38M 5,372.69M 4,886.64M 4,097.86M 3,493.60M 2,866.67M 2,439.36M 2,025.70M 1,662.07M 1,038.00M 795.88M 322.83M
Tangible Assets 32,535.48M 31,942.04M 30,730.39M 28,354.77M 28,413.15M 34,760.08M 37,603.01M 32,465.07M 28,196.72M 24,971.28M 21,649.09M 18,883.44M 15,885.13M 11,698.78M 10,520.96M 8,117.14M 6,436.69M 5,689.10M 5,133.99M 4,279.60M 3,662.36M 3,029.71M 2,609.67M 2,191.38M 1,791.79M 1,163.28M 906.81M 406.83M
Tangible Equity 2,927.10M 2,797.49M 2,611.56M 2,372.40M 2,143.57M 2,183.80M 1,756.24M 1,740.12M 1,471.47M 1,137.06M 1,006.05M 888.61M 753.87M 626.86M 366.25M 246.40M -33.78M -47.75M -52.21M 19.09M -14.05M -31.55M 21.97M 3.08M -48.16M -21.92M -27.97M -14.58M
Tangible Book Value 2,927.10M 2,797.49M 2,611.56M 2,372.40M 2,143.57M 2,183.80M 1,756.24M 1,740.12M 1,471.47M 1,137.06M 1,006.05M 888.61M 753.87M 626.86M 366.25M 246.40M -33.78M -47.75M -52.21M 19.09M -14.05M -31.55M 21.97M 3.08M -48.16M -21.92M -27.97M -14.58M
Total Investments 28,517.27M 28,252.63M 26,574.47M 24,277.88M 22,655.34M 26,187.02M 27,656.38M 27,268.22M 24,466.24M 21,524.27M 18,324.03M 16,686.91M 14,197.78M 11,246.48M 9,986.97M 7,726.26M 6,019.94M 5,349.58M 4,858.26M 4,072.00M 3,449.01M 2,798.72M 2,469.96M 2,068.16M 1,657.29M 1,092.04M 830.27M 389.20M
Net Debt -2,169.41M -819.89M -1,643.46M -883.70M -2,879.68M -4,815.09M -5,698.73M -1,458.28M 1,906.47M 684.26M -310.33M 301.27M 261.57M 1,096.22M 1,965.22M 3,103.03M 306.43M 989.98M 1,202.72M 807.79M 231.25M 174.28M 537.12M 496.82M 370.72M 106.98M -41.71M 37.72M

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
Working Capital -20,923.7M -24,638.3M -22,775.6M -16,634.7M -15,735.0M -18,229.5M -18,000.4M -21,257.6M -17,491.3M -16,080.6M -13,826.7M -13,084.8M -11,064.8M -8,924.8M -7,115.8M -6,801.8M -5,425.7M -4,796.9M -4,318.1M -3,248.1M -3,107.1M -2,556.4M -2,253.2M -1,875.7M -1,519.2M -983.1M -746.1M -324.8M
Total Capital 4,532.5M 5,380.3M 4,913.3M 5,558.3M 5,187.9M 6,338.4M 6,378.9M 5,738.6M 7,436.7M 5,762.6M 4,513.6M 3,660.7M 3,076.3M 2,346.4M 3,007.8M 3,829.9M 939.6M 1,551.8M 1,667.7M 1,192.4M 578.5M 527.6M 810.9M 738.1M 584.4M 270.0M 104.8M 119.2M
Capital Employed 4,747.2M 4,615.1M 4,584.6M 4,451.2M 4,332.6M 4,411.8M 6,606.6M 5,915.0M 6,989.8M 5,579.7M 4,565.2M 3,676.4M 3,129.2M 2,286.0M 2,802.3M 812.6M 690.3M 618.7M 560.0M 863.5M 388.7M 276.5M 222.8M 198.6M 143.5M 125.0M 102.0M 75.2M
Invested Capital 1,467.7M 2,690.2M 1,724.5M 2,315.4M 175.7M -1,608.3M -2,827.5M 1,343.0M 4,406.9M 2,887.0M 1,699.2M 1,924.8M 1,745.8M 2,192.6M 2,801.5M 3,719.4M 834.7M 1,471.3M 1,589.8M 1,102.9M 484.8M 389.8M 732.4M 668.6M 495.7M 213.3M 44.5M 110.6M

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
Net Income 327.04M 26.64M 77.51M 189.14M 332.48M 253.94M 66.29M 312.02M 293.39M 197.06M 155.12M 144.85M 136.35M 121.05M 120.71M 76.10M 37.32M 24.39M 24.88M 29.42M 28.92M 27.19M 19.56M 13.83M 7.34M 5.86M -16.50M -9.30M
Depreciation & Amortization 89.92M 48.52M 54.23M 40.47M 45.28M 93.41M 74.93M 37.27M 32.02M 27.87M 21.81M 16.50M 14.80M 11.48M 9.44M 9.10M 6.82M 7.82M 7.67M 7.59M 6.80M 4.19M 5.88M 10.93M 4.42M 1.92M 1.60M 0.72M
Deferred Income Tax 0.00M 0.00M -16.09M -17.78M -17.40M -20.25M -7.96M 10.80M -6.40M 31.28M -2.95M -3.56M -3.97M -11.60M -3.13M -3.54M -4.99M -8.70M -4.10M -3.51M -1.43M -0.30M -0.30M 0.00M 0.00M 0.00M 0.00M 0.00M
Stock-Based Compensation 19.35M 27.46M 24.69M 24.20M 21.43M 31.33M 17.44M 17.60M 16.94M 22.02M 13.58M 12.30M 14.58M 20.95M 12.02M 7.34M 6.77M 5.96M 4.68M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Change in Working Capital -275.26M 162.02M 37.27M -49.47M -22.96M 83.96M 16.40M -44.80M -121.13M -95.43M -64.41M -64.56M -20.21M 34.52M -50.41M -30.55M 0.92M -30.76M -48.94M 27.73M -131.77M 7.66M -64.75M 1.53M -6.36M 0.39M 0.99M -2.07M
Accounts Receivable 77.51M -62.59M -1.61M -78.61M -25.48M 154.11M 10.65M -143.54M -123.54M -105.72M -61.83M -61.00M -58.58M 31.00M -61.24M -63.25M -24.29M -28.89M -44.72M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 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
Accounts Payable -207.99M 224.61M 38.88M 29.13M 2.52M -70.15M 5.75M 98.74M 2.41M 10.29M -2.58M -3.55M 38.37M 3.51M 10.84M 32.69M 25.21M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Working Capital -144.78M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M -1.87M -4.22M 27.73M -131.77M 7.66M -64.75M 1.53M -6.36M 0.39M 0.99M -2.07M
Other Non-Cash Items 525.30M 385.75M 303.51M 187.18M -210.87M 214.94M 2,472.78M -573.07M -894.53M -50.64M -849.45M -36.59M 16.18M 14.97M 0.68M 17.40M -450.76M -139.61M -299.87M 38.11M 18.08M 3.23M 23.43M 28.89M -68.82M -38.16M 5.70M 2.62M
Net Cash from Operating Activities 686.34M 650.38M 481.12M 373.74M 147.97M 657.32M 2,639.87M -240.19M -679.72M 132.16M -726.29M 68.94M 157.73M 191.38M 89.27M 75.85M -403.92M -140.91M -315.69M 99.34M -79.40M 41.85M -16.18M 55.18M -63.43M -30.00M -8.21M -8.03M
Capital Expenditures (PPE) -20.32M -61.17M -64.84M -16.38M -11.27M -4.13M -2.80M -16.65M -7.65M -12.27M -2.18M -5.03M -15.73M -4.03M -3.54M -3.29M -3.83M -4.55M -5.82M -15.55M -19.21M -3.57M -0.99M -2.09M -0.24M -0.65M -3.18M -4.62M
Acquisitions (Net) 0.00M 0.00M 0.00M 0.00M 3,324.16M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M -2.45M 0.00M -11.48M -10.15M 0.00M 0.00M 0.00M 0.00M -11.31M 0.00M 0.00M -25.00M 0.00M 0.00M 0.00M
Purchases of Investments -1,806.81M -1,818.75M -2,016.92M -863.69M -920.22M -1,059.90M -3,001.75M -113.23M -101.56M -97.78M -1.76M 0.00M 0.00M 0.00M -0.01M -10.00M 0.00M 0.00M -40.22M -38.81M -16.95M -17.44M -239.07M -652.58M -485.93M -259.57M -174.35M -409.22M
Sales / Maturities of Investments 752.65M 1,698.87M 1,768.88M 355.73M 531.77M 569.93M 52.61M 6.19M 3.43M 99.16M 6.41M 10.85M 20.97M 34.43M 41.26M 50.66M 79.32M 131.20M 105.53M 109.92M 118.84M 172.70M 204.43M 416.58M 148.33M 142.25M 110.50M 24.70M
Other Investing Activities -1,107.21M -1,739.27M -2,166.21M -1,231.14M 384.12M 1,726.88M 16.62M -2,152.46M -1,886.96M -3,204.86M -852.69M -2,466.60M -2,988.91M -1,303.83M -2,300.89M -1,753.30M -297.64M -466.30M -578.00M -733.75M -639.40M -526.36M -336.58M -226.21M -152.61M -106.30M -380.20M 3.67M
Net Cash from Investing Activities -2,181.69M -1,920.32M -2,479.10M -1,755.48M 3,308.57M 1,232.79M -2,935.32M -2,276.16M -1,992.75M -3,215.75M -850.21M -2,460.79M -2,983.67M -1,275.88M -2,263.19M -1,727.41M -232.30M -339.66M -518.50M -678.18M -556.72M -385.97M -372.20M -464.30M -515.46M -224.27M -447.22M -385.48M
Net Debt Issuance -475.44M -565.00M -815.00M 223.86M -1,001.69M -380.48M 569.99M -1,500.00M 1,100.00M 800.00M 500.00M 400.00M 417.35M -797.00M 429.12M 1,341.76M -362.40M -553.94M 491.41M 572.29M 11.84M -304.27M 49.24M 106.29M 285.86M 38.81M 194.76M 95.06M
Long-Term Debt Issuance -80.44M -200.00M -200.00M -75.00M 0.00M 528.44M 0.00M -1,500.00M 1,100.00M 800.00M 500.00M 400.00M 417.35M -797.00M 429.12M 1,341.76M -362.40M -553.94M 491.41M 393.43M 128.46M 15.02M 34.52M 110.96M 278.93M 38.81M 194.76M 95.06M
Short-Term Debt Issuance -395.00M -365.00M -615.00M 298.86M -1,001.69M -908.92M 569.99M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 178.86M -116.62M -319.29M 14.72M -4.67M 6.93M 0.00M 0.00M 0.00M
Net Stock Issuance -28.45M -135.28M -90.57M -109.24M -119.51M 136.60M -1.99M -1.46M -2.38M -2.24M 233.99M 0.26M 256.95M 142.78M 87.34M 2.19M 13.34M 61.02M 58.66M 5.25M 6.01M 2.33M 3.22M 36.12M 15.53M 14.37M 27.07M 12.22M
Common Stock Issuance -0.39M -8.94M -9.07M -4.22M -4.21M 286.60M -1.99M -1.46M -2.38M -2.24M 233.99M 0.26M 256.95M 142.78M 87.34M 2.19M 13.34M 136.02M 58.66M 5.26M 6.01M 2.33M 3.22M 0.00M 0.00M 1.19M 27.07M 13.07M
Common Stock Repurchased -28.06M -126.34M -81.51M -105.02M -115.30M -150.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M -75.00M 0.00M -0.01M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M -0.85M
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 0.00M 0.00M 0.00M 0.00M 0.00M 15.25M 13.18M 0.00M 0.00M
Net Dividends Paid -17.25M -17.25M -17.25M -17.25M -17.25M -18.72M -9.75M -9.75M -9.75M -9.75M -9.75M -9.75M -9.75M -6.96M 0.00M 0.00M 0.00M -1.22M 0.00M 0.00M 0.00M 0.00M 0.00M -0.98M -0.84M 0.00M 0.00M 0.00M
Common 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 -1.22M 0.00M 0.00M 0.00M 0.00M 0.00M -0.98M -0.84M 0.00M 0.00M 0.00M
Preferred Dividends Paid -17.25M -17.25M -17.25M -17.25M -17.25M -18.72M -9.75M -9.75M -9.75M -9.75M -9.75M -9.75M -9.75M -6.96M 0.00M 0.00M 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 -1,959.01M 1,986.73M 2,866.76M -485.04M -5,256.69M -2,890.35M 4,516.01M 5,371.61M 1,756.69M 2,359.57M 1,898.27M 2,461.95M 3,338.72M 1,691.04M 1,753.60M 240.48M 1,040.58M 1,018.12M 276.68M 0.37M 578.24M 705.29M 344.86M 248.50M 310.46M 197.42M 285.34M 222.26M
Net Cash from Financing Activities -2,480.26M 1,268.75M 1,943.94M -387.67M -6,390.94M -3,149.82M 5,076.25M 3,861.86M 2,846.94M 3,149.82M 2,624.99M 2,852.20M 4,002.55M 1,034.29M 2,284.13M 1,582.25M 690.65M 523.98M 826.76M 574.59M 591.99M 403.35M 397.32M 389.93M 611.01M 250.60M 507.17M 329.54M
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
Net Change in Cash -3,975.61M -1.19M -54.04M -1,769.41M -2,934.40M -1,259.72M 4,780.80M 1,345.52M 174.47M 66.24M 1,048.48M 460.36M 1,176.60M -52.44M 95.79M -69.31M 54.43M 43.41M -7.44M -4.25M -44.12M 59.35M 8.94M -19.19M 32.12M -3.67M 51.74M -63.97M
Cash at Beginning of Period 13,873.01M 13,664.85M 3,242.85M 5,012.26M 7,946.66M 9,206.38M 4,425.58M 3,080.07M 2,905.59M 2,839.35M 1,790.87M 1,330.51M 153.91M 206.35M 110.56M 179.87M 125.44M 82.03M 89.46M 93.72M 137.84M 78.49M 69.55M 88.74M 56.62M 60.29M 8.55M 72.52M
Cash at End of Period 9,897.40M 13,663.66M 3,188.81M 3,242.85M 5,012.26M 7,946.66M 9,206.38M 4,425.58M 3,080.07M 2,905.59M 2,839.35M 1,790.87M 1,330.51M 153.91M 206.35M 110.56M 179.87M 125.44M 82.03M 89.46M 93.72M 137.84M 78.49M 69.55M 88.74M 56.62M 60.29M 8.55M
Operating Cash Flow 686.34M 650.38M 481.12M 373.74M 147.97M 657.32M 2,639.87M -240.19M -679.72M 132.16M -726.29M 68.94M 157.73M 191.38M 89.27M 75.85M -403.92M -140.91M -315.69M 99.34M -79.40M 41.85M -16.18M 55.18M -63.43M -30.00M -8.21M -8.03M
Capital Expenditure -10.42M -61.17M -64.84M -16.38M -11.27M -4.13M -2.80M -16.65M -7.65M -12.27M -2.18M -5.03M -15.73M -4.03M -3.54M -3.29M -3.83M -4.55M -5.82M -15.55M -19.21M -3.57M -0.99M -2.09M -0.24M -0.65M -3.18M -4.62M
Free Cash Flow 675.93M 589.21M 416.28M 357.36M 136.70M 653.19M 2,637.07M -256.84M -687.37M 119.90M -728.47M 63.91M 142.00M 187.35M 85.73M 72.57M -407.75M -145.46M -321.51M 83.80M -98.61M 38.12M -17.16M 53.09M -63.67M -30.65M -11.38M -12.66M

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
EBITDA 683.16M 330.74M 407.30M 521.69M 472.50M 621.48M 416.58M 565.10M 528.38M 458.42M 347.42M 319.74M 297.65M 260.24M 266.23M 186.98M 118.83M 98.84M 87.64M 94.36M 83.99M 69.01M 54.49M 46.53M 31.67M -7.13M -0.63M -1.04M
(-) Tax Adjustment 167.22M 104.88M 112.43M 121.55M 108.65M 154.64M 116.24M 120.20M 113.17M 160.45M 121.60M 111.91M 104.18M 91.09M 93.18M 65.44M 40.95M 33.53M 29.96M 32.43M 28.59M 23.45M 18.18M 0.00M 8.11M 0.00M 0.00M 0.00M
(-) Change In Working Capital -275.26M 162.02M 37.27M -49.47M -22.96M 83.96M 16.40M -44.80M -121.13M -95.43M -64.41M -64.56M -20.21M 34.52M -50.41M -30.55M 0.92M -30.76M -48.94M 27.73M -131.77M 7.66M -64.75M 1.53M -6.36M 0.39M 0.99M -2.07M
(-) Capital Expenditure -10.42M -61.17M -64.84M -16.38M -11.27M -4.13M -2.80M -16.65M -7.65M -12.27M -2.18M -5.03M -15.73M -4.03M -3.54M -3.29M -3.83M -4.55M -5.82M -15.55M -19.21M -3.57M -0.99M -2.09M -0.24M -0.65M -3.18M -4.62M
Unlevered Free Cash Flow 770.89M 2.67M 192.76M 433.23M 375.55M 378.75M 281.13M 473.05M 528.69M 381.14M 288.05M 267.35M 197.95M 130.61M 219.92M 148.80M 73.13M 91.52M 100.81M 18.65M 167.96M 34.33M 100.07M 42.92M 29.67M -8.17M -4.79M -3.60M
(-) Net Interest Income After Taxes 748.21M 605.31M 652.51M 701.14M 674.39M 577.53M 613.76M 763.08M 718.92M 494.86M 415.88M 361.74M 310.03M 272.68M 244.97M 196.91M 158.39M 129.96M 99.87M 92.32M 77.76M 62.14M 47.77M 53.16M 31.42M 35.06M 22.84M 8.25M
Net Debt Issuance -475.44M -565.00M -815.00M 223.86M -1,001.69M -380.48M 569.99M -1,500.00M 1,100.00M 800.00M 500.00M 400.00M 417.35M -797.00M 429.12M 1,341.76M -362.40M -553.94M 491.41M 572.29M 11.84M -304.27M 49.24M 106.29M 285.86M 38.81M 194.76M 95.06M
Levered Free Cash Flow -452.75M -1,167.64M -1,274.75M -44.05M -1,300.53M -579.26M 237.35M -1,790.02M 909.77M 686.27M 372.17M 305.60M 305.28M -939.07M 404.06M 1,293.65M -447.67M -592.38M 492.35M 498.63M 102.04M -332.08M 101.53M 96.05M 284.11M -4.41M 167.13M 83.21M