Loading...
Definitive Analysis

Financial Statements

Company Industry Sector

Periods / Units / Analysis

Fundamentals

Margins Returns Growth Rates Metrics/Ratios

Valuations

Projections DCF DDM EPV Multiples Valuations

Miscellaneous

Indicators Charts WACC Beta Predictability

Ticker

Industry

Sector

Page: Company Financials

Taylor Morrison Home Corporation

Ticker: TMHC | Industry: Residential Construction | Sector: Consumer Cyclical
$62.28 -1.02 (-1.61%)
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
Stock Price 66.01 61.42 62.49 61.73 45.75 26.06 29.49 20.13 21.67 19.42 22.96 16.46 18.97 20.26 23.21 23.04
Market Capitalization 6,497.96M 6,165.77M 6,247.49M 6,482.45M 4,958.19M 2,991.99M 3,715.03M 2,588.30M 2,314.04M 2,160.89M 1,434.30M 510.28M 627.18M 667.07M 1,277.55M 13,201.07M
(-) Cash & Equivalents 370.59M 130.17M 292.86M 386.18M 879.34M 500.33M 491.25M 565.80M 229.25M 329.94M 346.53M 183.43M 207.39M 312.39M 302.01M 178.35M
(+) Total Debt 2,263.81M 2,173.79M 2,198.75M 2,207.21M 2,264.56M 2,897.73M 3,242.03M 3,476.50M 2,110.68M 1,624.51M 1,469.61M 1,694.79M 1,626.16M 1,757.69M 1,319.67M 465.48M
Enterprise Value 8,391.18M 8,209.38M 8,153.38M 8,303.48M 6,343.41M 5,389.39M 6,465.81M 5,499.00M 4,195.47M 3,455.46M 2,557.39M 2,021.65M 2,045.95M 2,112.36M 2,295.21M 13,488.20M

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
Revenue 8,378M 7,832M 8,168M 7,418M 8,225M 7,501M 6,129M 4,762M 4,227M 3,885M 3,550M 2,977M 2,708M 1,916M 1,041M 1,370M 1,298M
Cost of Revenue 6,371M 5,917M 6,154M 5,623M 6,108M 5,945M 5,065M 3,895M 3,440M 3,146M 2,870M 2,409M 2,142M 1,500M 835M 1,090M 1,021M
Gross Profit 2,008M 1,915M 2,014M 1,795M 2,117M 1,557M 1,064M 867M 787M 739M 680M 568M 566M 416M 207M 280M 277M
Gross Profit Margin 24.0% 24.4% 24.7% 24.2% 25.7% 20.8% 17.4% 18.2% 18.6% 19.0% 19.2% 19.1% 20.9% 21.7% 19.8% 20.4% 21.4%
R&D Expenses 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M
SG&A Expenses 745M 754M 770M 699M 643M 668M 572M 490M 417M 390M 362M 294M 250M 234M 141M 145M 151M
Operating Expenses 745M 754M 770M 699M 643M 668M 572M 490M 417M 390M 362M 294M 250M 205M 136M 280M 277M
Operating Income (EBIT) 1,263M 1,160M 1,243M 1,096M 1,474M 888M 492M 377M 370M 348M 319M 274M 316M 211M 71M 0M 0M
Operating Income Margin 15.1% 14.8% 15.2% 14.8% 17.9% 11.8% 8.0% 7.9% 8.8% 9.0% 9.0% 9.2% 11.7% 11.0% 6.8% 0.0% 0.0%
Interest Income 0M 1M 0M 13M 0M 0M 2M 3M 2M 1M 0M 0M 0M 0M 1M 3M 40M
Interest Expense 41M 7M 13M 0M 18M 4M 0M 0M 0M 0M 0M 0M 1M 1M 0M 0M 81M
Net Interest Income -41M -7M -13M 13M -18M -4M 2M 3M 2M 1M 0M 0M -1M -1M 1M 3M -40M
Unusual Items -101M -79M -74M -91M -64M -21M -169M -57M -98M 7M -4M -13M -13M -112M 99M 99M 129M
EBT Excluding Unusual Items 1,222M 1,153M 1,230M 1,109M 1,456M 884M 494M 380M 372M 349M 319M 274M 315M 210M 72M 3M -40M
Pre-Tax Income 1,122M 1,074M 1,156M 1,018M 1,393M 863M 324M 322M 274M 356M 314M 261M 302M 98M 171M 102M 89M
Pre-Tax Margin 13.4% 13.7% 14.2% 13.7% 16.9% 11.5% 5.3% 6.8% 6.5% 9.2% 8.9% 8.8% 11.2% 5.1% 16.4% 7.4% 6.8%
Income Tax Expense 263M 258M 270M 248M 336M 181M 75M 67M 63M 179M 108M 90M 76M 3M -260M 25M -2M
Net Income 854M 813M 883M 769M 1,053M 663M 243M 255M 206M 91M 53M 61M 71M 45M 431M 71M 87M
Net Income Margin 10.2% 10.4% 10.8% 10.4% 12.8% 8.8% 4.0% 5.3% 4.9% 2.3% 1.5% 2.1% 2.6% 2.4% 41.4% 5.2% 6.7%
Depreciation & Amortization 31M 41M 41M 33M 34M 40M 37M 31M 26M 4M 4M 4M 4M 3M 4M 4M 3M
EBITDA 1,294M 1,201M 1,285M 1,130M 1,508M 928M 529M 408M 397M 352M 322M 278M 320M 215M 75M 4M 3M
EBITDA Margin 15.4% 15.3% 15.7% 15.2% 18.3% 12.4% 8.6% 8.6% 9.4% 9.1% 9.1% 9.3% 11.8% 11.2% 7.2% 0.3% 0.2%
NOPAT 966M 881M 953M 829M 1,118M 702M 379M 298M 285M 173M 209M 180M 236M 205M 179M 0M 0M
NOPAT Margin 11.5% 11.3% 11.7% 11.2% 13.6% 9.4% 6.2% 6.3% 6.7% 4.5% 5.9% 6.0% 8.7% 10.7% 17.2% 0.0% 0.0%
Owner's Earnings 845M 842M 888M 769M 1,056M 682M 243M 256M 212M 92M 55M 61M 72M 45M 432M 73M 88M
Owner's Earnings Margin 10.1% 10.8% 10.9% 10.4% 12.8% 9.1% 4.0% 5.4% 5.0% 2.4% 1.5% 2.0% 2.7% 2.4% 41.5% 5.3% 6.8%
EPS (Basic) 8.45 7.70 8.43 7.09 9.16 5.26 1.90 2.38 1.85 1.47 1.69 1.85 2.17 1.38 0.60 0.10 0.12
EPS (Diluted) 8.30 7.55 8.33 6.98 9.06 5.18 1.88 2.35 1.79 0.75 0.44 0.50 0.58 0.37 3.52 0.10 0.12
Shares (Basic) 101M 106M 104M 108M 115M 126M 128M 107M 112M 62M 31M 33M 33M 33M 122M 723M 723M
Shares (Diluted) 103M 108M 106M 110M 116M 128M 129M 108M 115M 121M 121M 122M 122M 122M 122M 723M 723M

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
Amenity 159.45M 34.05M 137.98M 37.69M 118.99M 65.77M 88.57M 35.83M 4.52M 0.00M 0.00M
Central Segment 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 1,112.98M 1,004.60M
East 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 1,383.86M 1,098.28M
Financial Services 213.97M 166.59M 199.46M 160.31M 135.49M 164.62M 244.74M 143.90M 67.76M 0.00M 0.00M
Home Sales 7,966.78M 6,295.64M 7,755.22M 7,158.86M 7,889.37M 7,171.43M 10,751.41M 8,460.34M 4,115.22M 0.00M 0.00M
Land Sales 38.08M 78.94M 81.42M 60.97M 81.07M 99.44M 129.70M 59.95M 39.90M 0.00M 0.00M
Mortgage Operations 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 69.14M 59.96M
West 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 1,319.31M 1,387.20M

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
Cash & Cash Equivalents 370.59M 130.17M 487.15M 798.57M 724.49M 832.82M 532.84M 326.44M 329.65M 573.93M 300.18M 126.19M 234.22M 193.52M 300.60M 279.32M
Short-Term Investments 0.00M 0.00M 0.00M 0.00M 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 370.59M 130.17M 487.15M 798.57M 724.49M 832.82M 532.84M 326.44M 329.65M 573.93M 300.18M 126.19M 234.22M 193.52M 300.60M 279.32M
Net Receivables 265.97M 241.00M 217.70M 184.52M 191.50M 150.86M 96.24M 70.45M 86.59M 94.49M 115.25M 120.73M 85.27M 95.72M 205.17M 231.88M
Inventory 6,763.72M 6,505.86M 6,234.08M 5,545.45M 5,370.88M 5,499.52M 5,332.43M 3,986.54M 3,980.57M 2,959.24M 3,017.22M 3,126.79M 2,518.32M 2,012.58M 1,604.19M 1,003.48M
Other Current Assets 198.55M 674.27M 537.34M 451.49M 568.03M 745.93M 394.82M 230.49M 212.42M 207.51M 248.87M 216.88M 205.96M 116.62M 136.58M 51.38M
Total Current Assets 7,598.83M 7,551.31M 7,476.28M 6,980.02M 6,854.90M 7,229.13M 6,356.33M 4,613.92M 4,609.22M 3,835.16M 3,681.51M 3,590.59M 3,043.77M 2,418.44M 2,246.53M 1,566.06M
Property, Plant & Equipment 346.09M 685.21M 600.43M 573.54M 556.20M 470.58M 296.77M 162.34M 144.67M 56.88M 43.82M 41.50M 39.88M 42.51M 35.15M 19.80M
Goodwill 663.20M 663.20M 663.20M 663.20M 663.20M 663.20M 663.20M 149.43M 152.12M 66.20M 66.20M 57.70M 23.38M 23.38M 23.38M 0.00M
Intangible Assets 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.64M 1.07M 2.13M 3.19M 4.25M 5.46M 9.33M 18.76M 9.73M
Long-Term Investments 487.86M 474.68M 439.72M 346.19M 282.90M 171.41M 127.96M 128.76M 140.54M 192.36M 157.91M 128.45M 110.29M 21.44M 74.47M 37.64M
Tax Assets 76.25M 76.25M 76.25M 67.83M 67.66M 151.24M 238.08M 140.47M 145.08M 118.14M 206.63M 233.49M 258.19M 242.66M 274.76M 0.00M
Other Non-Current Assets 455.02M 0.00M 0.00M 0.00M 0.00M 2.11M 5.29M 2.10M 1.84M 1.58M 2.29M 0.00M 576.45M 663.12M 0.00M 0.00M
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
Total Non-Current Assets 2,028.41M 1,899.34M 1,779.60M 1,650.76M 1,569.95M 1,458.53M 1,331.30M 583.73M 585.31M 437.29M 480.04M 465.38M 1,013.64M 1,002.42M 426.50M 67.17M
Total Assets 9,627.23M 9,450.64M 9,255.88M 8,630.78M 8,424.85M 8,687.66M 7,687.63M 5,197.65M 5,194.52M 4,272.45M 4,161.55M 4,055.97M 4,057.41M 3,420.86M 2,673.03M 1,633.24M
Accounts Payable 285.21M 311.58M 270.27M 263.48M 269.76M 253.35M 215.05M 164.58M 151.59M 140.17M 136.64M 151.86M 122.47M 101.73M 98.65M 64.84M
Short-Term Debt 0.00M 0.00M 0.00M 0.00M 0.00M 31.53M 0.00M 0.00M 200.00M 0.00M 0.00M 115.00M 40.00M 0.00M 50.00M 0.00M
Tax Payables 0.00M 0.00M 38.82M 30.89M 30.05M 29.38M 12.84M 3.72M 14.86M 4.53M 10.53M 37.79M 62.90M 48.04M 124.61M 128.65M
Deferred Revenue 0.00M 0.00M 239.15M 326.09M 412.09M 485.71M 311.26M 167.33M 165.43M 132.53M 111.57M 92.32M 70.47M 62.03M 82.04M 60.19M
Other Current Liabilities 678.69M 731.40M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 4.03M
Total Current Liabilities 963.90M 1,042.97M 548.24M 620.46M 711.90M 799.97M 539.15M 335.63M 531.88M 277.22M 258.74M 396.97M 295.84M 211.81M 355.30M 257.72M
Long-Term Debt 2,190.76M 2,099.38M 2,120.48M 2,017.10M 2,483.86M 3,270.60M 2,928.40M 1,940.77M 2,009.60M 1,498.06M 1,586.53M 1,553.43M 1,697.11M 1,257.73M 977.87M 599.75M
Capital Lease Obligations 73.05M 74.41M 79.00M 85.00M 100.17M 86.75M 76.16M 32.30M 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
Other Non-Current Liabilities 94.20M 94.20M 464.17M 432.60M 341.69M 402.35M 395.41M 271.52M 220.15M 125.89M 120.60M 98.69M 271.33M 353.68M 87.31M 76.68M
Total Non-Current Liabilities 2,358.00M 2,267.98M 2,663.66M 2,534.70M 2,925.73M 3,759.69M 3,399.96M 2,244.59M 2,229.75M 1,623.95M 1,707.14M 1,652.12M 1,968.44M 1,611.41M 1,065.18M 676.43M
Total Liabilities 3,321.90M 3,310.95M 3,211.89M 3,155.16M 3,637.63M 4,559.66M 3,939.11M 2,580.22M 2,761.63M 1,901.17M 1,965.87M 2,049.09M 2,264.27M 1,823.22M 1,420.48M 934.14M
Preferred Stock 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 17.97M 17.99M 0.00M 10.91M 0.45M 0.00M 0.00M
Common Stock 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Retained Earnings 5,002.34M 4,800.90M 4,393.85M 3,510.54M 2,741.62M 1,688.82M 1,025.79M 782.35M 527.70M 319.83M 228.61M 176.00M 114.95M 43.48M 1,231.05M 649.21M
Accumulated OCI 2.51M 2.51M 2.51M 0.90M 0.36M 0.69M -1.17M 0.88M 2.00M -17.97M -17.99M 361.92M -10.91M -0.45M -34.37M -30.07M
Minority Interest 13.39M 10.60M 11.65M 17.35M 16.53M 45.13M 89.21M 8.01M 3.54M 750.43M 1,608.39M 1,452.76M 1,298.76M 1,129.08M 7.89M 9.42M
Total Shareholders’ Equity 5,004.85M 4,803.41M 4,396.36M 3,511.44M 2,741.98M 1,689.51M 1,024.62M 783.24M 529.70M 319.83M 228.61M 537.92M 114.95M 43.48M 1,196.69M 619.14M
Total Equity 5,018.23M 4,814.01M 4,408.01M 3,528.79M 2,758.51M 1,734.63M 1,113.83M 791.24M 533.24M 1,070.26M 1,837.01M 1,990.68M 1,413.71M 1,172.56M 1,204.58M 628.57M
Total Liabilities & Equity 8,340.14M 8,124.96M 7,619.90M 6,683.94M 6,396.14M 6,294.29M 5,052.94M 3,371.46M 3,294.87M 2,971.43M 3,802.88M 4,039.77M 3,677.99M 2,995.78M 2,625.05M 1,562.71M
Tangible Assets 8,964.04M 8,787.45M 8,592.68M 7,967.58M 7,761.66M 8,024.47M 7,024.43M 5,047.58M 5,041.34M 4,204.13M 4,092.17M 3,994.02M 4,028.58M 3,388.16M 2,630.90M 1,623.50M
Tangible Equity 4,355.04M 4,150.81M 3,744.81M 2,865.59M 2,095.31M 1,071.44M 450.64M 641.18M 380.06M 1,001.93M 1,767.62M 1,928.73M 1,384.88M 1,139.86M 1,162.44M 618.83M
Tangible Book Value 4,355.04M 4,150.81M 3,744.81M 2,865.59M 2,095.31M 1,071.44M 450.64M 641.18M 380.06M 1,001.93M 1,767.62M 1,928.73M 1,384.88M 1,139.86M 1,162.44M 618.83M
Total Investments 487.86M 474.68M 439.72M 346.19M 282.90M 171.41M 127.96M 128.76M 140.54M 192.36M 157.91M 128.45M 110.29M 21.44M 74.47M 37.64M
Net Debt 1,820.17M 1,969.20M 1,633.33M 1,218.53M 1,759.37M 2,469.30M 2,395.55M 1,614.34M 1,879.95M 924.14M 1,286.35M 1,542.24M 1,502.89M 1,064.21M 727.27M 320.43M

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
Working Capital 6,527.1M 6,426.5M 6,762.2M 6,216.2M 6,002.6M 6,281.6M 5,669.5M 4,217.2M 4,063.2M 3,533.2M 3,387.3M 3,159.4M 2,732.0M 2,153.9M 1,843.3M 1,237.8M
Total Capital 8,447.9M 8,221.0M 8,066.0M 7,417.0M 7,214.4M 7,324.1M 6,516.2M 4,520.8M 4,624.8M 3,094.2M 2,138.3M 2,203.2M 2,215.5M 1,830.9M 2,224.6M 1,218.9M
Capital Employed 8,555.5M 8,325.8M 8,541.8M 7,867.0M 7,572.6M 7,740.1M 7,000.8M 4,800.3M 4,648.5M 3,970.5M 3,867.3M 3,624.8M 3,745.6M 3,156.3M 2,269.8M 1,305.0M
Invested Capital 8,077.3M 8,090.9M 7,578.9M 6,618.5M 6,489.9M 6,491.3M 5,983.3M 4,194.4M 4,295.1M 2,520.3M 1,838.2M 2,077.0M 1,981.3M 1,637.4M 1,924.0M 939.6M

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
Net Income 855.18M 813.79M 886.57M 768.93M 1,056.25M 682.37M 249.53M 254.91M 210.48M 176.65M 206.56M 229.05M 267.50M 94.87M 430.85M 76.79M 90.60M
Depreciation & Amortization 39.27M 34.41M 41.19M 33.41M 33.84M 39.98M 37.34M 31.42M 26.39M 3.95M 3.97M 4.11M 4.09M 3.46M 4.37M 4.22M 3.24M
Deferred Income Tax -8.42M 168.47M -8.42M -0.17M 83.58M 86.84M 50.58M 2.66M 44.47M 88.50M 26.85M 24.70M -17.70M 30.66M -278.88M -11.25M 0.06M
Stock-Based Compensation 21.25M 24.61M 22.46M 26.10M 26.90M 19.94M 32.13M 14.76M 21.12M 11.59M 10.91M 7.89M 5.83M 87.32M 1.98M 0.00M 0.00M
Change in Working Capital -472.87M -869.93M -848.11M -48.76M -180.47M -495.62M 714.18M 53.10M -197.58M 102.87M 116.34M -478.35M -413.17M -370.96M -394.42M 81.44M -105.57M
Accounts Receivable 1.59M 11.29M 0.00M 31.01M 0.00M -524.06M -15.83M -22.90M -31.78M 61.18M -48.32M -76.70M -125.19M 28.01M -86.24M 16.98M -33.06M
Inventory -161.81M -862.11M -797.33M -78.58M -50.79M -343.13M 535.24M 0.99M -248.22M 41.72M 166.34M -424.61M -310.55M -450.15M -331.12M 76.42M -71.85M
Accounts Payable 39.64M 236.43M 215.99M 84.81M -61.85M 197.12M 62.33M 73.11M 63.64M -20.99M -20.48M 3.00M 33.95M 35.39M 6.09M 3.08M 2.59M
Other Working Capital -352.29M -255.54M -266.78M -86.01M -67.82M 174.45M 132.45M 1.90M 18.77M 20.96M 18.79M 19.96M -11.38M 15.80M 16.85M -15.04M -3.25M
Other Non-Cash Items 184.93M -138.74M 116.40M 26.67M 87.67M 43.14M 39.53M 36.36M 30.71M 2.67M 7.96M -50.08M 19.76M 2.71M 21.64M 12.54M 6.53M
Net Cash from Operating Activities 619.33M 32.60M 210.08M 806.17M 1,107.77M 376.65M 1,123.28M 393.22M 135.59M 386.23M 372.60M -262.69M -133.69M -151.93M -214.47M 158.43M -8.37M
Capital Expenditures (PPE) -39.30M -12.65M -36.33M -33.43M -30.58M -21.20M -37.76M -30.12M -20.46M -3.42M -1.91M -4.30M -3.72M -3.79M -2.75M -2.76M -2.94M
Acquisitions (Net) -55.16M -91.44M 0.00M -64.59M -109.57M -74.98M -315.11M -12.77M -196.26M -36.66M -85.18M 14.39M -98.20M -68.63M -127.54M -1.00M -0.02M
Purchases of Investments 0.00M -61.82M 0.00M 0.00M -109.57M -10.00M -36.06M -12.77M -3.38M -36.66M -32.36M -28.66M 0.00M 0.00M 0.00M 0.00M 0.00M
Sales / Maturities of Investments 0.00M 16.79M 0.00M 0.00M 109.57M 0.00M 36.06M 12.77M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Investing Activities -53.74M 58.56M -100.11M 0.82M 125.28M 31.92M 40.06M 23.58M 57.00M 4.08M 5.73M 40.08M 12.47M -3.37M -8.65M -1.57M 53.92M
Net Cash from Investing Activities -148.20M -90.57M -136.44M -97.19M -14.88M -74.26M -312.80M -19.30M -159.72M -36.00M -81.35M 50.17M -89.45M -75.79M -138.94M -5.33M 50.97M
Net Debt Issuance 51.89M -9.50M -32.50M -517.57M -796.44M 322.49M -451.65M -224.02M 120.33M -74.63M -84.46M -78.61M 323.19M 167.23M 395.20M -75.07M -47.24M
Long-Term Debt Issuance 51.89M -9.50M -32.50M -517.57M -764.91M 290.96M -451.65M -24.02M -79.67M -74.63M 30.55M -153.61M 283.19M 217.23M 345.20M -75.07M -47.24M
Short-Term Debt Issuance 0.00M 0.00M 0.00M 0.00M -31.53M 31.53M 0.00M -200.00M 200.00M 0.00M -115.00M 75.00M 40.00M -50.00M 50.00M 0.00M 0.00M
Net Stock Issuance -395.47M -282.08M -347.60M -127.96M -376.28M -281.42M -103.33M -157.44M -341.25M -6.55M -28.54M -15.00M 0.00M 182.82M 0.00M 0.00M 0.00M
Common Stock Issuance 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 767.12M 1,111.81M 0.00M 0.00M 668.60M 668.60M 0.00M 0.00M 0.00M
Common Stock Repurchased -395.47M -282.08M -347.60M -127.96M -376.28M -281.42M -103.33M -157.44M -1,108.37M -1,118.36M -28.54M -15.00M 0.00M -485.78M 0.00M 0.00M 0.00M
Preferred Stock Issuance 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Net 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 -2.00M 0.00M 0.00M -3.34M
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 -2.00M 0.00M 0.00M -3.34M
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
Other Financing Activities -13.93M -7.74M -13.47M 17.01M -29.88M -41.22M -49.96M 4.25M 1.40M 4.64M -4.26M -9.40M -13.86M -12.10M -19.67M 45.77M -21.86M
Net Cash from Financing Activities -357.51M -299.32M -393.57M -628.51M -1,202.60M -0.16M -604.94M -377.20M -219.52M -76.55M -117.26M -103.01M 309.33M 337.95M 375.53M -29.30M -72.44M
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 -20.49M -13.16M -21.64M -0.88M -9.89M 6.23M
Net Change in Cash 113.62M -357.28M -319.93M 80.46M -109.71M 302.23M 205.54M -3.29M -243.64M 273.69M 173.99M -336.02M 73.02M 88.58M 21.25M 113.91M -23.62M
Cash at Beginning of Period 1,256.83M 2,227.84M 807.10M 726.64M 836.34M 534.11M 328.57M 331.86M 575.50M 301.81M 126.19M 462.21M 389.18M 300.60M 279.32M 460.84M 189.03M
Cash at End of Period 1,370.45M 1,870.56M 487.17M 807.10M 726.64M 836.34M 534.11M 328.57M 331.86M 575.50M 300.18M 126.19M 462.21M 389.18M 300.57M 574.75M 165.42M
Operating Cash Flow 619.33M 32.60M 210.08M 806.17M 1,107.77M 376.65M 1,123.28M 393.22M 135.59M 386.23M 372.60M -262.69M -133.69M -151.93M -214.47M 158.43M -8.37M
Capital Expenditure -39.30M -12.65M -36.33M -33.43M -30.58M -21.20M -37.76M -30.12M -20.46M -3.42M -1.91M -4.30M -3.72M -3.79M -2.75M -2.76M -2.94M
Free Cash Flow 580.03M 19.95M 173.75M 772.74M 1,077.19M 355.45M 1,085.52M 363.10M 115.14M 382.81M 370.69M -266.99M -137.41M -155.72M -217.22M 155.67M -11.31M

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
EBITDA 1,293.66M 1,201.39M 1,284.54M 1,129.56M 1,507.86M 928.16M 529.26M 408.34M 396.54M 352.44M 322.49M 278.11M 320.29M 185.74M 69.66M 138.88M 129.24M
(-) Tax Adjustment 303.78M 288.96M 299.49M 275.33M 364.25M 194.36M 121.80M 85.35M 91.39M 123.35M 110.48M 95.91M 81.02M 5.82M 0.00M 34.02M 0.00M
(-) Change In Working Capital -472.87M -869.93M -848.11M -48.76M -180.47M -495.62M 714.18M 53.10M -197.58M 102.87M 116.34M -478.35M -413.17M -370.96M -394.42M 81.44M -105.57M
(-) Capital Expenditure -39.30M -12.65M -36.33M -33.43M -30.58M -21.20M -37.76M -30.12M -20.46M -3.42M -1.91M -4.30M -3.72M -3.79M -2.75M -2.76M -2.94M
Unlevered Free Cash Flow 1,423.44M 1,742.48M 1,796.84M 869.56M 1,293.49M 1,208.22M -344.48M 239.77M 482.28M 122.79M 93.76M 656.26M 648.71M 547.09M 461.32M 20.67M 231.87M
(-) Net Interest Income After Taxes -31.36M -5.21M -10.21M 9.51M -13.40M -3.00M 1.24M 2.11M 1.26M 0.38M 0.12M 0.13M -0.87M -0.82M 0.76M 2.21M -40.24M
Net Debt Issuance 51.89M -9.50M -32.50M -517.57M -796.44M 322.49M -451.65M -224.02M 120.33M -74.63M -84.46M -78.61M 323.19M 167.23M 395.20M -75.07M -47.24M
Levered Free Cash Flow 1,506.69M 1,738.19M 1,774.55M 342.48M 510.46M 1,533.71M -797.37M 13.64M 601.35M 47.79M 9.18M 577.53M 972.77M 715.13M 855.77M -56.62M 224.87M