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Definitive Analysis

Financial Statements

Periods / Units / Analysis

Ticker

Industry

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Page: Company Financials

UGI Corporation

Ticker: UGI | Industry: Regulated Gas | Sector: Utilities
$38.85 +0.46 (1.20%)
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 33.26 36.42 34.25 25.00 27.33 36.06 43.96 31.60 51.04 51.21 47.91 44.22 33.91 34.04 26.26 20.08 20.08 18.69 16.39 17.31 17.92 16.24 16.56 11.93 10.42 7.66 6.04 5.10 4.48 5.56 5.71 4.99
Market Capitalization 7,153.99M 7,823.49M 7,362.25M 5,306.63M 5,733.92M 7,572.87M 9,201.05M 6,596.51M 9,497.57M 8,916.53M 8,321.12M 7,664.06M 5,869.13M 5,885.59M 4,501.36M 3,398.64M 3,371.26M 3,085.93M 2,673.29M 2,793.89M 2,866.54M 2,573.62M 2,592.76M 1,758.23M 1,325.11M 949.74M 739.90M 623.45M 607.62M 818.21M 833.58M 748.12M
(-) Cash & Equivalents 0.00M 350.00M 258.67M 236.00M 256.50M 527.50M 544.50M 384.15M 451.55M 477.93M 561.73M 598.35M 401.03M 440.40M 413.88M 376.73M 270.85M 228.15M 232.10M 281.05M 223.30M 216.63M 242.15M 143.75M 139.15M 185.73M 76.50M 88.55M 98.13M 66.90M 80.65M 67.08M
(+) Total Debt 0.00M 6,954.00M 4,661.67M 7,111.25M 7,240.50M 7,101.25M 6,583.00M 6,468.28M 5,664.30M 4,623.10M 4,487.33M 4,132.83M 3,805.40M 3,798.70M 3,796.35M 3,771.43M 2,363.25M 2,192.78M 2,281.00M 2,328.75M 2,243.08M 2,044.28M 1,824.90M 1,776.28M 1,296.08M 1,353.40M 1,297.95M 1,227.25M 1,086.50M 984.33M 972.98M 928.35M
Enterprise Value 7,153.99M 14,427.49M 11,765.25M 12,181.88M 12,717.92M 14,146.62M 15,239.55M 12,680.64M 14,710.32M 13,061.71M 12,246.72M 11,198.53M 9,273.51M 9,243.89M 7,883.83M 6,793.34M 5,463.66M 5,050.56M 4,722.19M 4,841.59M 4,886.32M 4,401.27M 4,175.51M 3,390.76M 2,482.03M 2,117.41M 1,961.35M 1,762.15M 1,596.00M 1,735.63M 1,725.90M 1,609.40M

Income Statement

Metric TTM TTM-1 2025-09-30 2024-09-30 2023-09-30 2022-09-30 2021-09-30 2020-09-30 2019-09-30 2018-09-30 2017-09-30 2016-09-30 2015-09-30 2014-09-30 2013-09-30 2012-09-30 2011-09-30 2010-09-30 2009-09-30 2008-09-30 2007-09-30 2006-09-30 2005-09-30 2004-09-30 2003-09-30 2002-09-30 2001-09-30 2000-09-30 1999-09-30 1998-09-30 1997-09-30 1996-09-30
Revenue 7,288M 7,209M 7,288M 7,209M 8,917M 10,115M 7,464M 6,549M 7,313M 7,657M 6,123M 5,688M 6,691M 8,277M 7,195M 6,519M 6,091M 5,591M 5,738M 6,648M 5,477M 5,221M 4,889M 3,785M 3,026M 2,214M 2,468M 1,762M 1,384M 1,440M 1,642M 1,558M
Cost of Revenue 4,218M 3,988M 4,218M 3,988M 5,698M 7,672M 4,661M 3,601M 4,430M 4,682M 3,437M 2,791M 3,742M 5,566M 4,647M 4,557M 4,223M 3,775M 3,872M 4,929M 3,900M 3,807M 3,452M 2,683M 1,984M 1,297M 1,239M 876M 596M 658M 839M 809M
Gross Profit 3,070M 3,221M 3,070M 3,221M 3,219M 2,443M 2,803M 2,948M 2,884M 2,974M 2,685M 2,897M 2,949M 2,712M 2,548M 1,962M 1,869M 1,816M 1,866M 1,719M 1,577M 1,414M 1,436M 1,101M 1,042M 917M 1,229M 886M 788M 781M 803M 748M
Gross Profit Margin 42.1% 44.7% 42.1% 44.7% 36.1% 24.2% 37.6% 45.0% 39.4% 38.8% 43.9% 50.9% 44.1% 32.8% 35.4% 30.1% 30.7% 32.5% 32.5% 25.9% 28.8% 27.1% 29.4% 29.1% 34.4% 41.4% 49.8% 50.3% 56.9% 54.3% 48.9% 48.0%
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 2,011M 2,132M 2,011M 2,132M 2,139M 1,995M 1,894M 1,847M 1,941M 2,013M 1,858M 1,866M 1,758M 1,753M 1,692M 1,592M 1,266M 1,177M 1,220M 1,157M 1,056M 969M 967M 768M 0M 0M 0M 0M 0M 0M 0M 0M
Operating Expenses 2,011M 2,132M 2,011M 2,132M 2,139M 1,995M 1,894M 1,847M 1,941M 2,013M 1,873M 1,882M 1,774M 1,769M 1,709M 1,609M 1,283M 1,196M 1,237M 1,176M 1,074M 984M 980M 780M 759M 682M 1,023M 721M 609M 624M 625M 601M
Operating Income (EBIT) 1,059M 1,089M 1,059M 1,089M 1,080M 448M 909M 1,101M 942M 961M 812M 1,016M 1,175M 942M 839M 353M 586M 620M 629M 544M 503M 431M 456M 321M 283M 235M 206M 164M 179M 158M 177M 147M
Operating Income Margin 14.5% 15.1% 14.5% 15.1% 12.1% 4.4% 12.2% 16.8% 12.9% 12.6% 13.3% 17.9% 17.6% 11.4% 11.7% 5.4% 9.6% 11.1% 11.0% 8.2% 9.2% 8.3% 9.3% 8.5% 9.3% 10.6% 8.3% 9.3% 12.9% 10.9% 10.8% 9.4%
Interest Income 0M 27M 0M 27M 23M 19M 17M 11M 22M 20M 14M 15M 1M 4M 2M 2M 2M 3M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M
Interest Expense 411M 394M 411M 394M 379M 322M 310M 309M 253M 225M 220M 224M 220M 238M 226M 220M 138M 134M 141M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M
Net Interest Income -411M -367M -411M -367M -356M -303M -293M -298M -231M -206M -206M -209M -219M -234M -224M -218M -136M -131M -141M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M
Unusual Items 48M -382M 48M -382M -2,561M 1,242M 1,373M -136M -310M 100M 96M -97M -364M 59M -24M 170M 16M 34M 53M -194M -172M -156M -150M -145M -123M -113M -109M -80M -80M -83M -82M -74M
EBT Excluding Unusual Items 648M 722M 648M 722M 724M 145M 616M 803M 711M 756M 606M 807M 956M 708M 615M 135M 450M 489M 488M 544M 503M 431M 456M 321M 283M 235M 206M 164M 179M 158M 177M 147M
Pre-Tax Income 696M 340M 696M 340M -1,837M 1,387M 1,989M 667M 401M 855M 701M 710M 592M 768M 590M 305M 465M 523M 541M 350M 331M 275M 307M 176M 160M 122M 97M 85M 99M 75M 96M 73M
Pre-Tax Margin 9.5% 4.7% 9.5% 4.7% -20.6% 13.7% 26.6% 10.2% 5.5% 11.2% 11.5% 12.5% 8.8% 9.3% 8.2% 4.7% 7.6% 9.4% 9.4% 5.3% 6.0% 5.3% 6.3% 4.7% 5.3% 5.5% 3.9% 4.8% 7.1% 5.2% 5.8% 4.7%
Income Tax Expense 18M 71M 18M 71M -335M 313M 522M 135M 93M 33M 178M 221M 178M 235M 163M 107M 145M 168M 159M 135M 127M 99M 119M 64M 61M 47M 45M 40M 43M 34M 44M 34M
Net Income 678M 269M 678M 269M -1,502M 1,073M 1,467M 532M 256M 719M 437M 365M 281M 337M 278M 210M 245M 261M 259M 216M 204M 176M 188M 112M 99M 76M 57M 45M 56M 40M 52M 42M
Net Income Margin 9.3% 3.7% 9.3% 3.7% -16.8% 10.6% 19.7% 8.1% 3.5% 9.4% 7.1% 6.4% 4.2% 4.1% 3.9% 3.2% 4.0% 4.7% 4.5% 3.2% 3.7% 3.4% 3.8% 2.9% 3.3% 3.4% 2.3% 2.5% 4.0% 2.8% 3.2% 2.7%
Depreciation & Amortization 561M 551M 561M 551M 532M 518M 502M 484M 448M 455M 416M 401M 374M 363M 363M 315M 228M 210M 201M 184M 169M 149M 146M 132M 103M 94M 105M 98M 90M 88M 64M 1,411M
EBITDA 1,620M 1,640M 1,620M 1,640M 1,612M 966M 1,411M 1,585M 1,391M 1,416M 1,228M 1,417M 1,549M 1,305M 1,202M 668M 813M 830M 830M 728M 673M 580M 603M 453M 386M 329M 311M 262M 269M 245M 241M 1,558M
EBITDA Margin 22.2% 22.7% 22.2% 22.7% 18.1% 9.6% 18.9% 24.2% 19.0% 18.5% 20.1% 24.9% 23.1% 15.8% 16.7% 10.2% 13.4% 14.9% 14.5% 11.0% 12.3% 11.1% 12.3% 12.0% 12.7% 14.8% 12.6% 14.9% 19.4% 17.0% 14.7% 100.0%
NOPAT 1,032M 862M 1,032M 862M 853M 347M 670M 878M 724M 924M 606M 699M 822M 654M 607M 229M 403M 422M 444M 335M 311M 276M 279M 204M 175M 145M 110M 87M 101M 85M 97M 79M
NOPAT Margin 14.2% 12.0% 14.2% 12.0% 9.6% 3.4% 9.0% 13.4% 9.9% 12.1% 9.9% 12.3% 12.3% 7.9% 8.4% 3.5% 6.6% 7.5% 7.7% 5.0% 5.7% 5.3% 5.7% 5.4% 5.8% 6.6% 4.5% 4.9% 7.3% 5.9% 5.9% 5.1%
Owner's Earnings 394M -14M 402M 24M -1,944M 787M 1,279M 361M -1M 600M 214M 202M 165M 243M 155M 186M 112M 124M 158M 168M 150M 133M 176M 110M 101M 74M 84M 71M 75M 59M 47M 1,390M
Owner's Earnings Margin 5.4% -0.2% 5.5% 0.3% -21.8% 7.8% 17.1% 5.5% 0.0% 7.8% 3.5% 3.5% 2.5% 2.9% 2.2% 2.9% 1.8% 2.2% 2.7% 2.5% 2.7% 2.6% 3.6% 2.9% 3.3% 3.4% 3.4% 4.0% 5.4% 4.1% 2.9% 89.3%
EPS (Basic) 3.15 1.30 3.15 1.27 -7.16 5.11 7.02 2.55 1.44 4.13 2.51 2.11 1.62 1.95 1.63 1.24 1.47 1.59 1.59 1.34 1.28 1.11 1.21 0.79 0.78 0.61 0.47 0.36 0.39 0.27 0.35 0.26
EPS (Diluted) 3.11 1.26 3.09 1.25 -7.16 4.97 6.92 2.53 1.41 4.06 2.46 2.08 1.60 1.92 1.60 1.24 1.45 1.57 1.58 1.32 1.26 1.10 1.18 0.77 0.77 0.61 0.46 0.36 0.39 0.27 0.35 0.28
Shares (Basic) 215M 211M 215M 211M 210M 210M 209M 209M 178M 174M 174M 173M 173M 173M 171M 169M 168M 164M 163M 161M 160M 158M 156M 142M 125M 120M 121M 123M 144M 148M 149M 149M
Shares (Diluted) 218M 214M 219M 215M 210M 216M 212M 210M 181M 177M 177M 176M 176M 175M 173M 170M 169M 166M 164M 163M 162M 160M 159M 145M 129M 123M 123M 123M 144M 149M 150M 149M

Product Segments

Metric TTM TTM-1 2025-09-30 2024-09-30 2023-09-30 2022-09-30 2021-09-30 2020-09-30 2019-09-30 2018-09-30 2017-09-30 2016-09-30 2015-09-30 2014-09-30 2013-09-30 2012-09-30 2011-09-30
Amerigas Propane 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 2,823.00M 2,453.50M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Commercial and Industrial 281.00M 344.00M 0.00M 344.00M 413.00M 365.00M 218.00M 215.00M 226.30M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Electricity, Generation 0.00M 27.00M 0.00M 27.00M 33.00M 34.00M 13.00M 34.00M 43.20M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Energy Marketing 595.00M 980.00M -159.00M 980.00M 2,139.00M 2,951.00M 1,564.00M 1,233.00M 1,520.70M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Large Delivery Service 116.00M 183.00M 0.00M 183.00M 177.00M 171.00M 148.00M 142.00M 138.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Midstream Other 10.00M 16.00M 0.00M 16.00M 14.00M 9.00M 8.00M 7.00M 1.90M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Midstream and Marketing 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 1,149.10M 943.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
NON-utility 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 4,917.20M 5,650.40M 7,191.90M 6,255.70M 5,638.80M 4,955.40M
Non-utility 5,491.00M 0.00M 5,491.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Non-utility, Other 138.00M 260.00M 0.00M 260.00M 274.00M 286.00M 275.00M 312.00M 313.30M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Off System Sales and Capacity Releases 42.00M 67.00M -79.00M 67.00M 89.00M 76.00M 51.00M 48.00M 46.40M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Peaking 19.00M 10.00M -111.00M 10.00M 31.00M 48.00M 16.00M 6.00M 17.60M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Pipeline 117.00M 246.00M 0.00M 246.00M 251.00M 211.00M 181.00M 168.00M 94.50M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Residential 710.00M 873.00M 0.00M 873.00M 1,020.00M 875.00M 568.00M 563.00M 552.70M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Retail 2,384.00M 3,733.00M 0.00M 3,733.00M 3,952.00M 4,436.00M 3,957.00M 3,499.00M 4,007.90M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
UGI International 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 2,683.80M 1,877.50M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
UGI Utilities 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 998.50M 847.50M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Utility 1,656.00M 0.00M 1,656.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 768.50M 1,040.70M 1,085.40M 939.00M 882.50M 1,135.50M
Utility, Other 15.00M 36.00M -1.00M 36.00M 43.00M 23.00M 21.00M 14.00M 14.90M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Wholesale 150.00M 270.00M 0.00M 270.00M 325.00M 496.00M 328.00M 211.00M 233.30M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M

Balance Sheet

Metric MRQ MRQ-1 2025-09-30 2024-09-30 2023-09-30 2022-09-30 2021-09-30 2020-09-30 2019-09-30 2018-09-30 2017-09-30 2016-09-30 2015-09-30 2014-09-30 2013-09-30 2012-09-30 2011-09-30 2010-09-30 2009-09-30 2008-09-30 2007-09-30 2006-09-30 2005-09-30 2004-09-30 2003-09-30 2002-09-30 2001-09-30 2000-09-30 1999-09-30 1998-09-30 1997-09-30 1996-09-30
Cash & Cash Equivalents 350.00M 426.00M 355.00M 213.00M 241.00M 405.00M 855.00M 336.00M 447.00M 452.60M 558.40M 502.80M 369.70M 419.50M 389.30M 319.90M 238.50M 260.70M 280.10M 315.50M 264.60M 200.40M 315.00M 149.60M 142.10M 194.30M 87.50M 93.90M 40.50M 66.60M 64.00M 74.00M
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 0.00M 0.00M 0.00M 0.00M 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 350.00M 426.00M 355.00M 213.00M 241.00M 405.00M 855.00M 336.00M 447.00M 452.60M 558.40M 502.80M 369.70M 419.50M 389.30M 319.90M 238.50M 260.70M 280.10M 315.50M 264.60M 200.40M 315.00M 149.60M 142.10M 194.30M 87.50M 93.90M 40.50M 66.60M 64.00M 74.00M
Net Receivables 908.00M 1,324.00M 790.00M 801.00M 947.00M 1,278.00M 1,023.00M 746.00M 656.00M 765.90M 640.10M 564.40M 631.80M 699.00M 764.50M 644.40M 565.90M 481.80M 426.90M 488.00M 485.50M 398.20M 432.20M 367.30M 213.10M 165.80M 191.90M 176.20M 114.40M 88.50M 118.30M 121.90M
Inventory 359.00M 341.00M 385.00M 411.00M 433.00M 665.00M 469.00M 241.00M 230.00M 318.20M 278.60M 210.30M 239.90M 423.00M 365.50M 354.10M 363.00M 314.00M 363.20M 400.80M 359.50M 340.40M 239.90M 198.40M 136.60M 109.20M 128.60M 117.40M 87.10M 78.70M 117.30M 113.20M
Other Current Assets 182.00M 209.00M 134.00M 113.00M 301.00M 1,344.00M 788.00M 124.00M 161.00M 221.20M 136.50M 49.70M 104.50M 54.40M 50.90M 52.50M 80.90M 104.80M 81.40M 121.60M 24.40M 101.60M 24.40M 56.40M 109.50M 60.70M 50.90M 42.80M 53.50M 116.80M 104.30M 72.50M
Total Current Assets 1,799.00M 2,300.00M 1,664.00M 1,538.00M 1,922.00M 3,692.00M 3,135.00M 1,447.00M 1,494.00M 1,757.90M 1,613.60M 1,327.20M 1,345.90M 1,595.90M 1,570.20M 1,370.90M 1,248.30M 1,161.30M 1,151.60M 1,325.90M 1,134.00M 1,040.60M 1,011.50M 771.70M 601.30M 530.00M 458.90M 430.30M 295.50M 350.60M 403.90M 381.60M
Property, Plant & Equipment 8,934.00M 8,816.00M 9,496.00M 8,763.00M 8,967.00M 8,040.00M 7,558.00M 6,960.00M 6,688.00M 5,808.20M 5,537.00M 5,238.00M 4,994.10M 4,543.70M 4,480.20M 4,234.40M 3,204.50M 3,040.20M 2,903.60M 2,449.50M 2,397.40M 2,214.70M 1,802.70M 1,781.90M 1,336.80M 1,271.90M 1,268.00M 1,073.20M 1,084.10M 999.00M 987.20M 974.60M
Goodwill 2,888.00M 2,845.00M 2,852.00M 2,871.00M 3,027.00M 3,612.00M 3,770.00M 3,518.00M 3,456.00M 3,160.40M 3,107.20M 2,989.00M 2,953.40M 2,833.40M 2,873.70M 2,818.30M 1,562.20M 1,562.70M 1,582.30M 0.00M 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 343.00M 362.00M 328.00M 391.00M 443.00M 500.00M 583.00M 677.00M 709.00M 513.60M 611.70M 580.30M 610.10M 576.40M 607.90M 658.20M 147.80M 150.10M 165.50M 488.00M 485.50M 398.20M 432.20M 367.30M 213.10M 165.80M 191.90M 176.20M 114.40M 88.50M 118.30M 121.90M
Long-Term Investments 400.00M 419.00M 400.00M 379.00M 0.00M 695.00M 512.00M 294.00M 285.60M 190.70M 129.60M 102.50M 70.80M 77.80M 82.00M 0.00M 0.00M 0.00M 0.00M 0.00M 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 -695.00M -512.00M -294.00M -285.60M -190.70M -129.60M -102.50M -70.80M -77.80M -82.00M 0.00M 0.00M 0.00M 0.00M 0.00M 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 998.00M 1,004.00M 620.00M 1,043.00M 919.00M 1,621.00M 1,542.00M 1,287.00M 928.00M 610.60M 628.80M 616.10M 496.80M 476.50M 419.70M 495.60M 442.70M 401.20M 206.10M 252.20M 259.80M 243.70M 192.70M 186.70M 150.90M 141.80M 150.90M 96.80M 107.80M 94.30M 82.70M 96.20M
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 0.00M 0.00M 0.00M 0.00M
Total Non-Current Assets 13,563.00M 13,446.00M 13,696.00M 13,447.00M 13,356.00M 13,773.00M 13,453.00M 12,442.00M 11,781.00M 10,092.80M 9,884.70M 9,423.40M 9,054.40M 8,430.00M 8,381.50M 8,206.50M 5,357.20M 5,154.20M 4,857.50M 3,189.70M 3,142.70M 2,856.60M 2,427.60M 2,335.90M 1,700.80M 1,579.50M 1,610.80M 1,346.20M 1,306.30M 1,181.80M 1,188.20M 1,192.70M
Total Assets 15,362.00M 15,746.00M 15,360.00M 14,985.00M 15,278.00M 17,465.00M 16,588.00M 13,889.00M 13,275.00M 11,850.70M 11,498.30M 10,750.60M 10,400.30M 10,025.90M 9,951.70M 9,577.40M 6,605.50M 6,315.50M 6,009.10M 4,515.60M 4,276.70M 3,897.20M 3,439.10M 3,107.60M 2,302.10M 2,109.50M 2,069.70M 1,776.50M 1,601.80M 1,532.40M 1,592.10M 1,574.30M
Accounts Payable 484.00M 605.00M 511.00M 544.00M 613.00M 891.00M 837.00M 475.00M 439.00M 561.80M 439.60M 391.20M 392.90M 459.80M 472.30M 409.90M 399.60M 372.60M 334.90M 461.80M 420.80M 373.00M 399.70M 323.90M 202.50M 166.10M 167.00M 156.70M 100.60M 80.10M 103.20M 94.70M
Short-Term Debt 1,271.00M 431.00M 694.00M 700.00M 706.00M 517.00M 477.00M 400.00M 820.00M 443.70M 544.40M 321.20M 447.80M 288.00M 295.10M 331.80M 186.10M 774.00M 257.60M 218.20M 213.60M 257.30M 349.40M 200.90M 121.60M 204.50M 166.10M 220.60M 147.70M 92.00M 122.20M 96.60M
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 0.00M 0.00M 0.00M 0.00M
Deferred Revenue 0.00M 0.00M 0.00M 199.00M 232.00M 225.00M 208.00M 204.00M 168.00M 191.20M 206.90M 241.30M 242.00M 211.50M 205.20M 252.80M 101.80M 86.30M 89.90M 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
Other Current Liabilities 797.00M 828.00M 573.00M 421.00M 581.00M 664.00M 594.00M 514.00M 405.00M 342.60M 313.80M 325.10M 405.30M 307.20M 294.70M 326.50M 464.30M 441.80M 414.90M 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
Total Current Liabilities 2,552.00M 1,864.00M 1,778.00M 1,864.00M 2,132.00M 2,297.00M 2,116.00M 1,593.00M 1,832.00M 1,539.30M 1,504.70M 1,278.80M 1,488.00M 1,266.50M 1,267.30M 1,321.00M 1,151.80M 1,674.70M 1,097.30M 680.00M 634.40M 630.30M 749.10M 524.80M 324.10M 370.60M 333.10M 377.30M 248.30M 172.10M 225.40M 191.30M
Long-Term Debt 5,683.00M 6,600.00M 6,479.00M 6,443.00M 6,543.00M 6,483.00M 6,339.00M 5,981.00M 5,780.00M 4,146.50M 3,994.60M 3,766.00M 3,409.50M 3,433.60M 3,542.20M 3,347.60M 2,110.30M 1,432.20M 2,038.60M 1,987.30M 2,038.80M 1,965.00M 1,392.50M 1,547.30M 1,158.50M 1,127.00M 1,196.90M 1,029.70M 989.60M 890.80M 844.80M 845.20M
Capital Lease Obligations 0.00M 0.00M 0.00M 484.00M 385.00M 335.00M 359.00M 375.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 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 1,015.00M 1,081.00M 973.00M 1,008.00M 928.00M 1,305.00M 1,137.00M 640.00M 541.00M 991.90M 1,357.00M 1,215.70M 1,137.60M 1,009.00M 966.60M 910.30M 714.20M 606.70M 510.60M 497.00M 512.80M 498.30M 484.70M 456.20M 301.80M 200.20M 191.20M 179.10M 183.90M 164.40M 162.90M 159.40M
Other Non-Current Liabilities 1,228.00M 1,180.00M 855.00M 1,233.00M 1,262.00M 1,269.00M 1,419.00M 1,472.00M 1,171.00M 1,010.40M 799.60M 828.50M 715.90M 556.30M 527.20M 621.30M 569.80M 599.10M 579.30M -2,484.30M -2,551.60M -2,463.30M -1,877.20M -2,003.50M -1,460.30M -1,327.20M -1,388.10M -1,208.80M -1,173.50M -1,055.20M -1,007.70M -1,004.60M
Total Non-Current Liabilities 7,926.00M 8,861.00M 8,307.00M 9,168.00M 9,118.00M 9,392.00M 9,254.00M 8,468.00M 7,492.00M 6,148.80M 6,151.20M 5,810.20M 5,263.00M 4,998.90M 5,036.00M 4,879.20M 3,394.30M 2,638.00M 3,128.50M 0.00M 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 Liabilities 10,478.00M 10,725.00M 10,085.00M 11,032.00M 11,250.00M 11,689.00M 11,370.00M 10,061.00M 9,324.00M 7,688.10M 7,655.90M 7,089.00M 6,751.00M 6,265.40M 6,303.30M 6,200.20M 4,546.10M 4,312.70M 4,225.80M 680.00M 634.40M 630.30M 749.10M 524.80M 324.10M 370.60M 333.10M 377.30M 248.30M 172.10M 225.40M 191.30M
Preferred Stock 0.00M 0.00M 0.00M 0.00M 167.00M 162.00M 213.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 20.00M 0.00M 20.00M 20.00M 20.00M 32.20M 35.20M
Common Stock 1,703.00M 1,684.00M 1,709.00M 1,676.00M 1,503.00M 1,483.00M 1,394.00M 1,416.00M 1,397.00M 1,200.80M 1,188.60M 1,201.60M 1,214.60M 1,215.60M 1,208.10M 1,157.70M 0.00M 0.00M 0.00M 0.00M 0.00M 807.50M 793.60M 762.80M 511.70M 396.60M 395.00M 394.50M 394.80M 394.30M 393.70M 391.90M
Retained Earnings 3,428.00M 3,671.00M 3,334.00M 2,978.00M 3,027.00M 4,841.00M 4,081.00M 2,908.00M 2,653.00M 2,610.70M 2,106.70M 1,834.10M 1,636.90M 1,509.40M 1,308.30M 1,156.00M 1,085.80M 966.70M 804.30M 630.90M 497.50M 370.00M 266.30M 146.20M 90.90M 39.70M 9.00M -4.90M -8.20M -17.70M -9.20M -12.80M
Accumulated OCI -181.00M -268.00M -173.00M -253.00M -256.00M -380.00M -140.00M -147.00M -217.00M -110.40M -93.40M -154.70M -114.60M -21.20M 8.40M -55.20M -17.70M -10.10M -38.90M -15.20M 57.70M -3.80M 16.50M 22.40M 4.30M 6.60M -13.50M -0.70M -1.20M 0.00M 0.00M 0.00M
Minority Interest 10.00M 9.00M 9.00M 9.00M 8.00M 8.00M 9.00M 9.00M 10.00M 418.60M 577.60M 750.90M 880.40M 1,004.10M 1,055.40M 1,085.60M 213.40M 237.10M 225.40M 159.20M 192.20M 139.50M 206.30M 178.40M 134.60M 276.00M 246.20M 177.10M 209.90M 236.50M 266.50M 284.40M
Total Shareholders’ Equity 4,950.00M 5,087.00M 4,870.00M 4,401.00M 4,441.00M 6,106.00M 5,548.00M 4,177.00M 3,833.00M 3,701.10M 3,201.90M 2,881.00M 2,736.90M 2,703.80M 2,524.80M 2,258.50M 1,068.10M 956.60M 765.40M 615.70M 555.20M 1,173.70M 1,076.40M 931.40M 606.90M 462.90M 390.50M 408.90M 405.40M 396.60M 416.70M 414.30M
Total Equity 4,960.00M 5,096.00M 4,879.00M 4,410.00M 4,449.00M 6,114.00M 5,557.00M 4,186.00M 3,843.00M 4,119.70M 3,779.50M 3,631.90M 3,617.30M 3,707.90M 3,580.20M 3,344.10M 1,281.50M 1,193.70M 990.80M 774.90M 747.40M 1,313.20M 1,282.70M 1,109.80M 741.50M 738.90M 636.70M 586.00M 615.30M 633.10M 683.20M 698.70M
Total Liabilities & Equity 15,438.00M 15,821.00M 14,964.00M 15,442.00M 15,699.00M 17,803.00M 16,927.00M 14,247.00M 13,167.00M 11,807.80M 11,435.40M 10,720.90M 10,368.30M 9,973.30M 9,883.50M 9,544.30M 5,827.60M 5,506.40M 5,216.60M 1,454.90M 1,381.80M 1,943.50M 2,031.80M 1,634.60M 1,065.60M 1,109.50M 969.80M 963.30M 863.60M 805.20M 908.60M 890.00M
Tangible Assets 12,131.00M 12,539.00M 12,180.00M 11,723.00M 11,808.00M 13,353.00M 12,235.00M 9,694.00M 9,110.00M 8,176.70M 7,779.40M 7,181.30M 6,836.80M 6,616.10M 6,470.10M 6,100.90M 4,895.50M 4,602.70M 4,261.30M 4,027.60M 3,791.20M 3,499.00M 3,006.90M 2,740.30M 2,089.00M 1,943.70M 1,877.80M 1,600.30M 1,487.40M 1,443.90M 1,473.80M 1,452.40M
Tangible Equity 1,729.00M 1,889.00M 1,699.00M 1,148.00M 979.00M 2,002.00M 1,204.00M -9.00M -322.00M 445.70M 60.60M 62.60M 53.80M 298.10M 98.60M -132.40M -428.50M -519.10M -757.00M 286.90M 261.90M 915.00M 850.50M 742.50M 528.40M 573.10M 444.80M 409.80M 500.90M 544.60M 564.90M 576.80M
Tangible Book Value 1,729.00M 1,889.00M 1,699.00M 1,148.00M 979.00M 2,002.00M 1,204.00M -9.00M -322.00M 445.70M 60.60M 62.60M 53.80M 298.10M 98.60M -132.40M -428.50M -519.10M -757.00M 286.90M 261.90M 915.00M 850.50M 742.50M 528.40M 573.10M 444.80M 409.80M 500.90M 544.60M 564.90M 576.80M
Total Investments 400.00M 419.00M 400.00M 379.00M 0.00M 695.00M 512.00M 294.00M 285.60M 190.70M 129.60M 102.50M 70.80M 77.80M 82.00M 0.00M 0.00M 0.00M 0.00M 0.00M 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 Debt 6,604.00M 6,605.00M 6,818.00M 6,930.00M 7,008.00M 6,595.00M 5,961.00M 6,045.00M 6,153.00M 4,137.60M 3,980.60M 3,584.40M 3,487.60M 3,302.10M 3,448.00M 3,359.50M 2,057.90M 1,945.50M 2,016.10M 1,890.00M 1,987.80M 2,021.90M 1,426.90M 1,598.60M 1,138.00M 1,137.20M 1,275.50M 1,156.40M 1,096.80M 916.20M 903.00M 867.80M

Capital Metrics

Metric MRQ MRQ-1 2025-09-30 2024-09-30 2023-09-30 2022-09-30 2021-09-30 2020-09-30 2019-09-30 2018-09-30 2017-09-30 2016-09-30 2015-09-30 2014-09-30 2013-09-30 2012-09-30 2011-09-30 2010-09-30 2009-09-30 2008-09-30 2007-09-30 2006-09-30 2005-09-30 2004-09-30 2003-09-30 2002-09-30 2001-09-30 2000-09-30 1999-09-30 1998-09-30 1997-09-30 1996-09-30
Working Capital -753.0M 436.0M -215.0M -409.0M -229.0M 1,358.0M 973.0M -212.0M -462.0M 156.0M 7.4M -18.2M -219.0M 232.1M 202.4M -11.9M 228.2M -454.6M 87.8M 154.4M 116.1M 14.0M 9.2M -73.9M 17.1M -56.4M -108.6M -109.1M -111.4M 28.8M -0.6M 12.4M
Total Capital 11,828.0M 12,043.0M 12,338.0M 11,488.0M 11,635.0M 13,066.0M 12,338.0M 10,509.0M 10,417.0M 8,271.6M 7,702.3M 6,931.3M 6,549.3M 6,380.7M 6,329.8M 5,909.2M 4,274.1M 4,030.7M 3,887.6M 3,623.2M 3,574.3M 3,321.9M 2,739.5M 2,582.3M 1,778.8M 1,668.8M 1,618.6M 1,517.5M 1,406.5M 1,369.9M 1,375.3M 1,354.6M
Capital Employed 12,810.0M 13,882.0M 13,481.0M 13,038.0M 13,127.0M 15,131.0M 14,426.0M 12,230.0M 11,319.0M 10,248.8M 9,892.1M 9,405.2M 8,835.4M 8,662.1M 8,583.9M 8,194.6M 5,585.4M 4,699.6M 4,945.3M 4,500.8M 4,445.2M 4,053.9M 3,408.4M 3,325.0M 2,211.0M 2,028.0M 1,982.7M 1,736.4M 1,733.6M 1,752.8M 1,747.2M 1,775.7M
Invested Capital 11,478.0M 11,617.0M 11,983.0M 11,275.0M 11,394.0M 12,661.0M 11,483.0M 10,173.0M 9,970.0M 7,819.0M 7,143.9M 6,428.5M 6,179.6M 5,961.2M 5,940.5M 5,589.3M 4,035.6M 3,770.0M 3,607.5M 3,307.7M 3,309.7M 3,121.5M 2,424.5M 2,432.7M 1,636.7M 1,474.5M 1,531.1M 1,423.6M 1,366.0M 1,303.3M 1,311.3M 1,280.6M

Cash Flow Statement

Metric TTM TTM-1 2025-09-30 2024-09-30 2023-09-30 2022-09-30 2021-09-30 2020-09-30 2019-09-30 2018-09-30 2017-09-30 2016-09-30 2015-09-30 2014-09-30 2013-09-30 2012-09-30 2011-09-30 2010-09-30 2009-09-30 2008-09-30 2007-09-30 2006-09-30 2005-09-30 2004-09-30 2003-09-30 2002-09-30 2001-09-30 2000-09-30 1999-09-30 1998-09-30 1997-09-30 1996-09-30
Net Income 418.00M 673.00M 678.00M 269.00M -1,502.00M 1,074.00M 1,467.00M 532.00M 308.00M 822.00M 523.80M 488.80M 414.00M 532.60M 427.60M 197.70M 320.00M 355.70M 382.00M 215.50M 204.30M 176.20M 187.50M 111.60M 98.90M 75.50M 56.50M 44.70M 55.70M 40.30M 52.10M 39.50M
Depreciation & Amortization 553.00M 549.00M 561.00M 551.00M 532.00M 518.00M 502.00M 484.00M 448.00M 455.00M 416.30M 400.90M 374.10M 362.90M 363.10M 315.00M 227.70M 210.20M 200.90M 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
Deferred Income Tax -15.00M 81.00M -46.00M 52.00M -420.00M 221.00M 478.00M 146.00M -43.00M -69.00M 110.10M 77.40M 13.70M 66.70M 48.70M 90.20M 91.50M 62.60M 26.80M -0.90M 27.10M 7.40M 12.10M 3.00M -2.80M 11.00M -5.50M 3.20M 7.70M 10.10M -2.20M 12.00M
Stock-Based Compensation 0.00M 0.00M 0.00M 8.00M 17.00M 15.00M 21.00M 15.00M 18.00M 23.00M 19.30M 23.80M 29.20M 25.80M 17.60M 14.50M 15.60M 13.20M 11.40M 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
Change in Working Capital 34.00M -11.00M -20.00M -24.00M 269.00M -544.00M -191.00M -96.00M 94.00M -135.00M -168.60M 43.10M 191.80M -6.50M -44.10M 78.70M -142.90M -65.00M 53.30M -60.90M -62.20M -125.20M 11.20M -72.30M -7.20M 13.80M 23.70M -34.80M -28.40M 26.50M 13.60M -27.10M
Accounts Receivable -21.00M 74.00M -20.00M 105.00M 303.00M -431.00M -281.00M -98.00M 83.00M -148.00M -103.60M 37.30M 163.30M 18.10M -110.80M 65.50M -66.00M -94.60M 79.50M -22.20M -80.50M 34.80M -81.50M 4.90M -55.70M 12.60M -13.60M -63.40M -25.10M 22.00M -6.80M -37.10M
Inventory 31.00M 31.00M 30.00M 32.00M 247.00M -224.00M -231.00M -5.00M 84.00M -37.00M -64.70M 29.40M 181.40M -65.10M 4.60M 89.20M -40.70M 15.80M 77.30M -42.30M -9.10M -31.90M -29.40M -39.40M -25.30M 19.70M -4.20M -26.10M -5.00M 39.00M -3.60M -10.20M
Accounts Payable 22.00M -76.00M -29.00M -99.00M -291.00M 85.00M 366.00M 3.00M -97.00M 65.00M 49.90M -40.00M -134.90M 3.70M 38.70M -78.70M 19.20M 47.10M -146.10M 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 Working Capital 2.00M -40.00M -1.00M -62.00M 10.00M 26.00M -45.00M 4.00M 24.00M -15.00M -50.20M 16.40M -18.00M 36.80M 23.40M 2.70M -55.40M -33.30M 42.60M 3.60M 27.40M -128.10M 122.10M -37.80M 73.80M -18.50M 41.50M 54.70M 1.70M -34.50M 24.00M 20.20M
Other Non-Cash Items 298.00M -11.00M 54.00M 326.00M 2,211.00M -568.00M -796.00M 21.00M 253.00M -11.00M 63.50M -64.30M 141.00M 23.90M -11.40M 11.60M 42.80M 22.10M -9.40M 126.30M 117.80M 72.30M 80.50M 86.10M 57.20M 53.70M 23.60M 22.10M 17.20M 13.80M 108.50M 86.80M
Net Cash from Operating Activities 1,288.00M 1,281.00M 1,227.00M 1,182.00M 1,107.00M 716.00M 1,481.00M 1,102.00M 1,078.00M 1,085.00M 964.40M 969.70M 1,163.80M 1,005.40M 801.50M 707.70M 554.70M 598.80M 665.00M 464.40M 456.20M 279.40M 437.70M 260.70M 249.10M 247.50M 203.50M 132.70M 141.90M 178.50M 172.00M 111.20M
Capital Expenditures (PPE) -845.00M -834.00M -837.00M -796.00M -974.00M -804.00M -690.00M -655.00M -705.00M -574.00M -638.90M -563.80M -490.60M -456.80M -486.00M -339.40M -360.70M -347.30M -301.70M -232.10M -223.10M -191.70M -158.40M -133.70M -100.90M -94.70M -78.00M -71.00M -70.20M -69.20M -68.80M -62.70M
Acquisitions (Net) 106.00M -39.00M 170.00M 1.00M -125.00M -245.00M -423.00M -16.00M -1,362.00M -187.00M -100.80M -61.20M -447.50M -37.10M -78.90M -1,580.50M -52.50M -16.40M -322.60M -1.30M -6.10M -577.10M -33.30M -308.60M -38.60M -0.70M -209.10M -65.30M -77.60M -8.10M -11.60M -28.00M
Purchases of Investments 0.00M 0.00M -38.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M -27.80M 0.00M 0.00M 0.00M 59.30M -20.00M 0.00M -50.40M 0.00M 0.00M 0.00M 0.00M -16.40M -42.30M -12.10M
Sales / Maturities of Investments 0.00M 3.00M 0.00M 3.00M 22.00M 26.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 63.30M 0.00M 0.60M 0.00M 0.00M 0.00M 0.00M 0.00M 4.20M 7.30M 66.70M 0.00M 0.00M 0.00M
Other Investing Activities -1.00M 3.00M 6.00M 0.00M 0.00M 11.00M 0.00M 22.00M 12.00M 12.00M -29.00M 66.40M -38.20M 6.30M 11.60M 15.40M -2.20M -7.80M 41.10M -56.10M 4.80M 2.00M 15.40M 29.50M -36.20M 29.00M -30.40M 7.50M -5.40M 3.60M 12.20M 3.90M
Net Cash from Investing Activities -740.00M -867.00M -699.00M -792.00M -1,077.00M -1,012.00M -1,113.00M -649.00M -2,055.00M -749.00M -768.70M -558.60M -976.30M -487.60M -553.30M -1,904.50M -415.40M -399.30M -519.90M -289.50M -223.80M -707.50M -196.30M -412.80M -226.10M -66.40M -313.30M -121.50M -86.50M -90.10M -110.50M -98.90M
Net Debt Issuance -80.00M -200.00M -69.00M -176.00M 166.00M 280.00M 216.00M -326.00M 2,045.00M 32.00M 317.00M 161.30M 211.00M -84.80M 120.70M 1,277.70M 24.60M -56.90M 48.90M -42.60M -38.20M 434.10M -18.40M -27.00M -69.80M -36.70M 104.80M 128.50M 133.80M 19.10M 22.00M 20.90M
Long-Term Debt Issuance -70.00M -159.00M -69.00M -28.00M -55.00M 279.00M 251.00M 123.00M 1,718.00M -62.00M 255.80M 65.60M 242.90M -90.60M 88.40M 1,236.00M 99.20M -94.80M 35.80M 0.00M 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 Issuance -10.00M -41.00M 0.00M -148.00M 221.00M 1.00M -35.00M -449.00M 327.00M 94.00M 61.20M 95.70M -31.90M 5.80M 32.30M 41.70M -74.60M 37.90M 13.10M 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
Net Stock Issuance -2.00M 0.00M -15.00M 0.00M -10.00M -19.00M 232.00M -36.00M 0.00M -25.00M -32.30M -33.90M -22.20M -28.90M 36.40M 299.80M 27.30M 27.50M 10.80M 20.90M 16.40M 10.80M 79.80M 304.70M 98.60M 60.70M 96.40M -5.80M -128.40M -18.30M -7.50M 4.20M
Common Stock Issuance 15.00M 0.00M 18.00M 0.00M 12.00M 19.00M 19.00M 2.00M 17.00M 35.00M 11.00M 13.70M 11.90M 10.90M 36.40M 299.80M 27.30M 27.50M 10.80M 20.90M 16.40M 10.80M 99.80M 305.30M 98.70M 60.70M 97.40M 3.80M 4.70M 8.50M 11.70M 11.30M
Common Stock Repurchased -17.00M 0.00M -33.00M 0.00M -22.00M -38.00M 0.00M -38.00M -17.00M -60.00M -43.30M -47.60M -34.10M -39.80M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M -20.00M -0.60M -0.10M 0.00M -1.00M -9.60M -133.10M -26.80M -19.20M -7.10M
Preferred Stock Issuance 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 213.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 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 -321.00M -316.00M -322.00M -318.00M -308.00M -296.00M -282.00M -273.00M -463.00M -440.00M -430.50M -418.00M -402.40M -373.80M -352.30M -300.80M -207.50M -187.70M -175.50M -161.80M -76.80M -146.10M -67.40M -56.30M -47.70M -98.30M -97.50M -80.30M -86.90M -86.60M -86.00M -85.10M
Common Dividends Paid -321.00M -316.00M -322.00M -318.00M -308.00M -296.00M -282.00M -273.00M -463.00M -440.00M -430.50M -418.00M -402.40M -373.80M -352.30M -300.80M -207.50M -187.70M -175.50M -161.80M -76.80M -146.10M -67.40M -56.30M -47.70M -98.30M -97.50M -80.30M -86.90M -86.60M -86.00M -85.10M
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 0.00M -16.00M 0.00M -12.00M -16.00M -16.00M 0.00M 0.00M -540.00M -5.00M -0.80M 15.50M -3.50M 11.80M 9.10M 1.80M 3.50M 3.50M 1.20M 3.40M -79.90M 0.90M -66.60M -62.40M -56.40M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Net Cash from Financing Activities -403.00M -532.00M -406.00M -506.00M -168.00M -51.00M 166.00M -635.00M 1,042.00M -438.00M -146.60M -275.10M -217.10M -475.70M -186.10M 1,278.50M -152.10M -213.60M -114.60M -180.10M -178.50M 299.70M -72.60M 159.00M -75.30M -74.30M 103.70M 42.40M -81.50M -85.80M -71.50M -60.00M
Effect of FX on Cash 14.00M -9.00M 5.00M 4.00M 9.00M -61.00M -14.00M 28.00M -16.00M -5.00M 1.20M -2.90M -20.20M -11.90M 7.30M -0.30M -9.40M -5.30M 4.40M -1.40M 11.70M 4.50M -8.30M 0.60M 0.10M 0.00M -0.30M -0.20M 0.00M 0.00M 0.00M 0.00M
Net Change in Cash 159.00M -127.00M 127.00M -112.00M -129.00M -408.00M 520.00M -154.00M 49.00M -107.00M 50.30M 133.10M -49.80M 30.20M 69.40M 81.40M -22.20M -19.40M 34.90M -6.60M 65.60M -123.90M 160.50M 7.50M -52.20M 106.80M -6.40M 53.40M -26.10M 2.60M -10.00M -47.70M
Cash at Beginning of Period 1,123.00M 1,288.00M 228.00M 340.00M 469.00M 877.00M 357.00M 511.00M 462.00M 569.00M 518.40M 369.70M 419.50M 389.30M 319.90M 238.50M 260.70M 280.10M 245.20M 251.80M 186.20M 310.10M 149.60M 142.10M 194.30M 87.50M 93.90M 40.50M 66.60M 64.00M 74.00M 121.70M
Cash at End of Period 1,282.00M 1,161.00M 355.00M 228.00M 340.00M 469.00M 877.00M 357.00M 511.00M 462.00M 568.70M 502.80M 369.70M 419.50M 389.30M 319.90M 238.50M 260.70M 280.10M 245.20M 251.80M 186.20M 310.10M 149.60M 142.10M 194.30M 87.50M 93.90M 40.50M 66.60M 64.00M 74.00M
Operating Cash Flow 1,288.00M 1,281.00M 1,227.00M 1,182.00M 1,107.00M 716.00M 1,481.00M 1,102.00M 1,078.00M 1,085.00M 964.40M 969.70M 1,163.80M 1,005.40M 801.50M 707.70M 554.70M 598.80M 665.00M 464.40M 456.20M 279.40M 437.70M 260.70M 249.10M 247.50M 203.50M 132.70M 141.90M 178.50M 172.00M 111.20M
Capital Expenditure -845.00M -834.00M -837.00M -796.00M -974.00M -804.00M -690.00M -655.00M -705.00M -574.00M -638.90M -563.80M -490.60M -456.80M -486.00M -339.40M -360.70M -347.30M -301.70M -232.10M -223.10M -191.70M -158.40M -133.70M -100.90M -94.70M -78.00M -71.00M -70.20M -69.20M -68.80M -62.70M
Free Cash Flow 443.00M 447.00M 390.00M 386.00M 133.00M -88.00M 791.00M 447.00M 373.00M 511.00M 325.50M 405.90M 673.20M 548.60M 315.50M 368.30M 194.00M 251.50M 363.30M 232.30M 233.10M 87.70M 279.30M 127.00M 148.20M 152.80M 125.50M 61.70M 71.70M 109.30M 103.20M 48.50M

Free Cash Flow

Metric TTM TTM-1 2025-09-30 2024-09-30 2023-09-30 2022-09-30 2021-09-30 2020-09-30 2019-09-30 2018-09-30 2017-09-30 2016-09-30 2015-09-30 2014-09-30 2013-09-30 2012-09-30 2011-09-30 2010-09-30 2009-09-30 2008-09-30 2007-09-30 2006-09-30 2005-09-30 2004-09-30 2003-09-30 2002-09-30 2001-09-30 2000-09-30 1999-09-30 1998-09-30 1997-09-30 1996-09-30
EBITDA 1,606.00M 1,710.00M 1,620.00M 1,640.00M 1,612.00M 966.00M 1,411.00M 1,585.00M 1,390.50M 1,416.10M 1,243.80M 1,432.30M 1,564.80M 1,322.00M 1,218.60M 685.20M 829.90M 849.00M 847.20M 746.30M 690.30M 593.90M 616.10M 465.90M 1,144.80M 1,010.60M 1,334.10M 983.10M 877.30M 869.10M 866.10M 2,158.80M
(-) Tax Adjustment 41.18M 357.67M 41.90M 342.47M 293.97M 217.99M 370.31M 320.80M 322.49M 54.66M 314.94M 446.23M 470.13M 404.97M 336.02M 239.82M 259.28M 271.91M 249.10M 261.21M 241.61M 207.87M 215.64M 163.07M 400.68M 353.71M 466.94M 344.09M 307.06M 304.19M 303.14M 755.58M
(-) Change In Working Capital 34.00M -11.00M -20.00M -24.00M 269.00M -544.00M -191.00M -96.00M 94.00M -135.00M -168.60M 43.10M 191.80M -6.50M -44.10M 78.70M -142.90M -65.00M 53.30M -60.90M -62.20M -125.20M 11.20M -72.30M -7.20M 13.80M 23.70M -34.80M -28.40M 26.50M 13.60M -27.10M
(-) Capital Expenditure -845.00M -834.00M -837.00M -796.00M -974.00M -804.00M -690.00M -655.00M -705.00M -574.00M -638.90M -563.80M -490.60M -456.80M -486.00M -339.40M -360.70M -347.30M -301.70M -232.10M -223.10M -191.70M -158.40M -133.70M -100.90M -94.70M -78.00M -71.00M -70.20M -69.20M -68.80M -62.70M
Unlevered Free Cash Flow 685.82M 529.33M 761.10M 525.53M 75.03M 488.01M 541.69M 705.20M 269.01M 922.44M 458.56M 379.17M 412.27M 466.73M 440.68M 27.28M 352.82M 294.79M 243.10M 313.90M 287.80M 319.54M 230.87M 241.44M 650.42M 548.39M 765.47M 602.82M 528.45M 469.22M 480.57M 1,367.62M
(-) Net Interest Income After Taxes -366.36M -284.70M -400.37M -290.36M -291.08M -234.62M -216.10M -237.69M -177.58M -197.57M -153.91M -143.89M -153.13M -162.32M -162.16M -141.70M -93.30M -88.98M -99.61M 0.00M 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 Debt Issuance -80.00M -200.00M -69.00M -176.00M 166.00M 280.00M 216.00M -326.00M 2,045.00M 32.00M 317.00M 161.30M 211.00M -84.80M 120.70M 1,277.70M 24.60M -56.90M 48.90M -42.60M -38.20M 434.10M -18.40M -27.00M -69.80M -36.70M 104.80M 128.50M 133.80M 19.10M 22.00M 20.90M
Levered Free Cash Flow 972.18M 614.03M 1,092.47M 639.89M 532.11M 1,002.63M 973.80M 616.88M 2,491.60M 1,152.01M 929.47M 684.35M 776.41M 544.25M 723.54M 1,446.68M 470.73M 326.86M 391.61M 271.30M 249.60M 753.64M 212.47M 214.44M 580.62M 511.69M 870.27M 731.32M 662.25M 488.32M 502.57M 1,388.52M