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Definitive Analysis

Financial Statements

Periods / Units / Analysis

Ticker

Industry

Sector

Page: Company Financials

Valaris Limited

Ticker: VAL | Industry: Oil & Gas Equipment & Services | Sector: Energy
$56.88 -2.25 (-3.81%)
As of: 2026-01-28

Master Data Export


Enterprise Value

Metric 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 1995
Stock Price 43.38 61.40 67.89 52.69 30.87 23.70 23.70 23.70 23.70 23.70 23.70 23.70 23.70 23.70 23.70 23.70 23.70 23.70 23.70 23.70 23.70 23.70 23.70 23.70 23.70 23.70 23.70 23.70 23.70 23.70 23.70
Market Capitalization 3,076.51M 4,430.62M 5,029.40M 3,956.54M 2,311.89M 1,878.82M 2,284.09M 2,572.04M 1,968.58M 1,658.25M 1,376.99M 1,373.85M 1,370.58M 1,363.22M 1,142.34M 835.43M 834.24M 841.35M 878.09M 907.12M 898.82M 894.08M 889.94M 837.80M 816.47M 825.35M 816.47M 833.65M 846.09M 785.66M 716.93M
(-) Cash & Equivalents 535.83M 416.73M 817.85M 565.45M 532.50M 223.28M 371.05M 355.50M 402.78M 874.85M 474.45M 526.50M 385.65M 270.73M 1,224.25M 1,105.50M 991.75M 608.75M 605.00M 389.00M 257.25M 282.00M 275.50M 234.00M 236.50M 99.75M 221.50M 323.50M 136.00M 80.75M 96.25M
(+) Total Debt 1,139.23M 1,162.90M 867.08M 553.18M 425.45M 3,282.95M 6,143.75M 4,998.80M 4,796.65M 5,185.93M 5,957.10M 5,338.98M 4,798.63M 4,909.75M 4,447.50M 265.75M 283.00M 301.00M 430.25M 484.25M 510.50M 560.25M 569.50M 521.00M 481.25M 405.00M 376.75M 409.25M 298.50M 268.00M 189.75M
Enterprise Value 3,679.91M 5,176.80M 5,078.62M 3,944.27M 2,204.84M 4,938.49M 8,056.79M 7,215.34M 6,362.46M 5,969.32M 6,859.64M 6,186.32M 5,783.56M 6,002.25M 4,365.59M -4.33M 125.49M 533.60M 703.34M 1,002.37M 1,152.07M 1,172.33M 1,183.94M 1,124.80M 1,061.22M 1,130.60M 971.72M 919.40M 1,008.59M 972.91M 810.43M

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 1994-12-31 1993-12-31
Revenue 2,416M 2,262M 2,363M 1,784M 1,603M 1,232M 1,427M 2,053M 1,705M 1,843M 2,776M 4,063M 4,565M 4,323M 3,639M 2,843M 1,697M 1,946M 2,450M 2,144M 1,814M 1,047M 768M 791M 698M 817M 534M 364M 813M 815M 469M 279M 262M 246M
Cost of Revenue 1,632M 1,748M 1,761M 1,544M 1,383M 1,068M 1,470M 1,808M 1,319M 1,190M 1,301M 1,870M 2,077M 1,947M 1,643M 1,471M 768M 726M 801M 684M 577M 454M 426M 453M 390M 359M 291M 251M 329M 307M 227M 156M 147M 155M
Gross Profit 784M 514M 602M 241M 219M 165M -43M 245M 386M 654M 1,475M 2,194M 2,488M 2,376M 1,996M 1,372M 929M 1,220M 1,650M 1,460M 1,237M 593M 343M 338M 308M 459M 243M 113M 484M 508M 242M 123M 115M 92M
Gross Profit Margin 32.5% 22.7% 25.5% 13.5% 13.7% 13.3% -3.0% 12.0% 22.6% 35.5% 53.1% 54.0% 54.5% 55.0% 54.9% 48.3% 54.7% 62.7% 67.3% 68.1% 68.2% 56.6% 44.6% 42.7% 44.2% 56.1% 45.6% 31.0% 59.5% 62.4% 51.5% 44.1% 43.9% 37.2%
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 0M 0M
SG&A Expenses 97M 111M 114M 98M 65M 75M 200M 183M 103M 106M 101M 118M 132M 147M 149M 159M 86M 64M 54M 60M 45M 26M 26M 22M 19M 17M 13M 11M 15M 14M 11M 10M 9M 12M
Operating Expenses 232M 243M 249M 187M 182M 1,062M 4,291M 915M 622M 786M 546M 3,437M 4,889M 601M 591M 578M 302M 270M 243M 244M 220M 181M 170M 157M 202M 141M 119M 119M 109M 128M 97M 71M 67M 45M
Operating Income (EBIT) 552M 271M 352M 54M 37M -897M -4,335M -670M -236M -132M 929M -1,244M -2,401M 1,775M 1,406M 794M 626M 951M 1,407M 1,216M 1,017M 412M 172M 181M 106M 317M 124M -7M 375M 381M 144M 52M 48M 47M
Operating Income Margin 22.9% 12.0% 14.9% 3.0% 2.3% -72.8% -303.7% -32.6% -13.8% -7.2% 33.5% -30.6% -52.6% 41.1% 38.6% 27.9% 36.9% 48.8% 57.4% 56.7% 56.1% 39.3% 22.4% 22.9% 15.2% 38.8% 23.3% -1.8% 46.1% 46.7% 30.8% 18.5% 18.4% 19.1%
Interest Income 69M 97M 86M 101M 66M 0M 20M 28M 15M 26M 14M 10M 13M 17M 23M 17M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 1M 0M 0M 0M 0M 0M 0M
Interest Expense 96M 84M 85M 69M 45M 0M 291M 428M 283M 224M 229M 216M 161M 159M 124M 96M 1M 2M 14M 1M 16M 28M 36M 36M 31M 32M -6M 0M -11M -14M -16M -10M -7M 3M
Net Interest Income -27M 12M 1M 33M 20M 0M -271M -400M -268M -198M -215M -206M -148M -142M -101M -79M -1M -2M -14M -1M -16M -28M -36M -36M -31M -32M 6M 0M 11M 14M 16M 10M 7M -3M
Unusual Items 115M 1M 17M -2M 168M -3,537M -512M 1,006M -35M 134M 283M -21M 1M 0M 0M 21M 19M 11M 10M 39M 10M 7M 3M 4M 12M 7M -5M 11M -4M -19M -18M -15M -11M -15M
EBT Excluding Unusual Items 525M 284M 354M 86M 57M -897M -4,605M -1,070M -504M -330M 714M -1,450M -2,549M 1,633M 1,305M 716M 626M 948M 1,393M 1,215M 1,001M 384M 136M 145M 75M 285M 131M -6M 386M 395M 161M 62M 55M 44M
Pre-Tax Income 640M 285M 370M 84M 225M -4,435M -5,117M -64M -539M -196M 998M -1,471M -2,549M 1,633M 1,305M 737M 645M 959M 1,402M 1,254M 1,011M 391M 140M 149M 87M 292M 125M 5M 383M 376M 143M 47M 44M 30M
Pre-Tax Margin 26.5% 12.6% 15.7% 4.7% 14.0% -359.9% -358.5% -3.1% -31.6% -10.6% 35.9% -36.2% -55.8% 37.8% 35.9% 25.9% 38.0% 49.3% 57.2% 58.5% 55.8% 37.4% 18.2% 18.9% 12.5% 35.7% 23.5% 1.4% 47.0% 46.1% 30.4% 16.9% 16.8% 12.0%
Income Tax Expense 247M -783M 0M -783M 43M 53M -259M 128M 90M 109M 109M -14M 141M 203M 229M 131M 96M 158M 240M 261M 236M 105M 12M 14M 21M 59M 40M -3M 124M 138M 44M 3M 4M 6M
Net Income 399M 1,075M 373M 865M 177M -4,494M -4,856M -198M -640M -304M 890M -1,595M -3,903M 1,405M 1,057M 600M 580M 779M 1,151M 992M 770M 294M 103M 108M 59M 207M 85M 7M 254M 234M 95M 48M 37M 17M
Net Income Margin 16.5% 47.5% 15.8% 48.5% 11.0% -364.7% -340.2% -9.6% -37.5% -16.5% 32.1% -39.2% -85.5% 32.5% 29.0% 21.1% 34.2% 40.1% 47.0% 46.3% 42.4% 28.1% 13.4% 13.7% 8.5% 25.4% 16.0% 1.8% 31.2% 28.7% 20.3% 17.2% 14.2% 6.7%
Depreciation & Amortization 140M 116M 122M 101M 91M 226M 547M 593M 439M 383M 306M 408M 530M 468M 410M 419M 216M 206M 190M 184M 175M 155M 144M 135M 124M 124M 99M 98M 84M 105M 82M 58M 54M 30M
EBITDA 692M 387M 474M 155M 128M -672M -3,788M -77M 203M 251M 1,235M -836M -1,871M 2,243M 1,816M 1,213M 843M 1,156M 1,596M 1,400M 1,192M 567M 316M 316M 230M 442M 223M 92M 459M 486M 226M 110M 102M 77M
EBITDA Margin 28.6% 17.1% 20.1% 8.7% 8.0% -54.5% -265.4% -3.7% 11.9% 13.6% 44.5% -20.6% -41.0% 51.9% 49.9% 42.7% 49.7% 59.4% 65.1% 65.3% 65.7% 54.1% 41.2% 39.9% 32.9% 54.0% 41.8% 25.2% 56.4% 59.6% 48.2% 39.4% 39.1% 31.4%
NOPAT 339M 1,018M 352M 551M 30M -709M -3,424M -529M -186M -104M 828M -982M -1,897M 1,555M 1,159M 653M 533M 794M 1,166M 963M 780M 301M 157M 164M 81M 253M 85M -10M 254M 241M 100M 48M 44M 38M
NOPAT Margin 14.0% 45.0% 14.9% 30.9% 1.9% -57.5% -239.9% -25.8% -10.9% -5.7% 29.8% -24.2% -41.6% 36.0% 31.9% 23.0% 31.4% 40.8% 47.6% 44.9% 43.0% 28.8% 20.5% 20.7% 11.5% 31.0% 15.9% -2.8% 31.2% 29.6% 21.3% 17.2% 16.8% 15.3%
Owner's Earnings 190M 391M 40M 270M 61M -4,328M -4,402M 168M -628M -457M 874M -2,807M -4,939M 110M -246M 278M -80M 124M 568M 657M 417M -29M -57M 57M -43M 187M -72M -143M 7M 56M 1M -37M -62M -36M
Owner's Earnings Margin 7.9% 17.3% 1.7% 15.2% 3.8% -351.2% -308.5% 8.2% -36.8% -24.8% 31.5% -69.1% -108.2% 2.5% -6.8% 9.8% -4.7% 6.4% 23.2% 30.7% 23.0% -2.8% -7.4% 7.2% -6.1% 22.8% -13.5% -39.4% 0.8% 6.9% 0.3% -13.1% -23.6% -14.8%
EPS (Basic) 5.63 14.78 5.18 11.67 2.35 -59.91 -64.77 -2.09 -5.89 -3.35 11.55 -27.56 -46.83 24.32 18.43 12.46 16.42 22.21 32.42 26.96 20.15 7.72 2.73 2.89 1.68 6.01 2.45 0.19 7.21 6.55 2.86 1.59 1.29 0.59
EPS (Diluted) 5.61 14.60 5.12 11.51 2.33 -59.93 -64.74 -2.15 -5.87 -3.34 11.85 -27.44 -67.40 24.32 18.40 12.46 16.42 22.21 32.42 26.96 20.15 7.72 2.73 2.89 1.68 6.01 2.45 0.19 7.21 6.55 2.86 1.59 1.29 0.59
Shares (Basic) 71M 73M 72M 74M 75M 75M 75M 92M 109M 91M 76M 58M 58M 58M 57M 48M 35M 35M 36M 37M 38M 38M 38M 38M 35M 35M 35M 34M 35M 36M 33M 30M 29M 28M
Shares (Diluted) 71M 74M 73M 75M 76M 75M 75M 92M 109M 91M 75M 58M 58M 58M 57M 48M 35M 35M 36M 37M 38M 38M 38M 38M 35M 35M 35M 34M 35M 36M 33M 30M 29M 28M

Product Segments

Metric TTM TTM-1 2024-12-31 2023-12-31 2022-12-31 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
ARO 0.00M 0.00M 512.50M 496.60M 0.00M 549.40M 410.50M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Deepwater And Midwater 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 458.20M
Floaters 0.00M 0.00M 1,440.70M 948.70M 230.90M 505.80M 1,014.40M 1,013.50M 1,143.50M 1,771.10M 2,466.00M 2,697.60M 817.80M 1,026.30M 0.00M
Jackups Member 0.00M 0.00M 754.90M 659.60M 21.30M 765.30M 834.60M 630.90M 640.30M 929.50M 1,445.60M 1,774.60M 0.00M 0.00M 0.00M
Operating Segments Total Member 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 1,705.40M 1,843.00M 0.00M 4,063.40M 0.00M 0.00M 0.00M 0.00M
Other Operating Segment 0.00M 0.00M 167.00M 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 Segments 0.00M 0.00M 0.00M 175.90M 0.00M 156.10M 204.20M 61.00M 59.20M 0.00M 151.80M 0.00M 0.00M 0.00M 0.00M
Reconciling Items Member 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M

Geographic Segments

Metric TTM TTM-1 2017-12-31 2016-12-31 2015-12-31 2014-12-31 2013-12-31 2012-12-31 2011-12-31 2010-12-31
ANGOLA 0.00M 0.00M 445.70M 552.10M 586.50M 607.90M 467.10M 431.70M 0.00M 0.00M
AUSTRALIA 0.00M 0.00M 206.70M 0.00M 0.00M 0.00M 0.00M 136.40M 0.00M 0.00M
Australia 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 225.30M
BRAZIL 0.00M 0.00M 196.20M 298.00M 468.50M 459.10M 953.70M 0.00M 0.00M 0.00M
EGYPT 0.00M 0.00M 214.80M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
G 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 240.40M 0.00M
Indonesia 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 56.80M
M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 148.30M 0.00M
MEXICO 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 124.60M 0.00M 0.00M
Mexico 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 179.80M
Other Countries 0.00M 0.00M 0.00M 0.00M 0.00M 1,785.10M 1,774.10M 0.00M 0.00M 594.60M
Other Geographic Areas 0.00M 0.00M 293.40M 1,148.40M 1,456.20M 0.00M 0.00M 0.00M 0.00M 0.00M
SAUDI ARABIA 0.00M 0.00M 171.80M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
SINGAPORE 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Segment Geographical Groups Of Countries Group One 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 805.20M 0.00M
Segment, Geographical, Groups of Countries, Group One 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 909.40M 0.00M 0.00M
U 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 753.80M 0.00M
UNITED STATES 0.00M 0.00M 0.00M 0.00M 0.00M 1,712.40M 1,724.90M 1,291.30M 0.00M 0.00M
United States 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 421.30M
Us Gulf Of Mexico 0.00M 0.00M 149.80M 531.70M 1,151.50M 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 1994-12-31 1993-12-31
Cash & Cash Equivalents 662.70M 503.40M 368.20M 620.50M 724.10M 608.70M 325.80M 97.20M 275.10M 445.40M 1,159.70M 121.30M 664.80M 165.60M 487.10M 431.00M 1,051.00M 1,141.00M 790.00M 630.00M 566.00M 269.00M 267.00M 354.00M 147.00M 279.00M 107.00M 144.00M 330.00M 262.00M 81.00M 77.00M 148.00M 128.00M
Short-Term Investments 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 329.00M 440.00M 1,442.60M 1,180.00M 757.30M 50.00M 50.00M 32.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 38.00M 32.00M 0.00M 21.00M 0.00M 0.00M 0.00M 5.00M 6.00M 0.00M
Cash & Short-Term Investments 662.70M 503.40M 368.20M 620.50M 724.10M 608.70M 325.80M 97.20M 604.10M 885.40M 2,602.30M 1,301.30M 1,422.10M 215.60M 537.10M 463.00M 1,051.00M 1,141.00M 790.00M 630.00M 566.00M 269.00M 267.00M 354.00M 185.00M 311.00M 107.00M 165.00M 330.00M 262.00M 81.00M 82.00M 154.00M 128.00M
Net Receivables 513.70M 554.20M 571.20M 459.30M 449.10M 444.20M 449.20M 520.70M 344.70M 345.40M 361.00M 582.00M 867.40M 855.70M 811.40M 838.00M 231.60M 324.60M 482.70M 389.40M 342.70M 269.00M 183.00M 149.00M 162.00M 116.00M 159.00M 85.00M 118.00M 157.00M 111.00M 61.00M 40.00M 51.00M
Inventory 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 279.40M 340.10M 268.10M 278.80M 225.20M 235.30M 240.30M 256.40M 207.80M 189.00M 56.00M 53.00M 47.00M 40.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 3.00M 3.00M
Other Current Assets 78.40M 76.40M 77.80M 119.70M 110.90M 86.20M 42.20M 33.40M 19.10M 15.00M 19.80M 20.40M 159.00M 41.90M 51.40M 73.60M 37.70M 120.10M 55.80M 52.90M 29.70M 26.70M 23.30M 40.00M 40.00M 36.00M 23.00M 23.00M 28.00M 28.00M 19.00M 23.00M 15.00M 11.00M
Total Current Assets 1,254.80M 1,134.00M 1,017.20M 1,199.50M 1,284.10M 1,139.10M 1,096.60M 991.40M 1,236.00M 1,524.60M 3,208.30M 2,139.00M 2,688.80M 1,369.60M 1,607.70M 1,563.60M 1,376.30M 1,638.70M 1,375.50M 1,112.30M 938.40M 564.70M 473.30M 543.00M 387.00M 463.00M 289.00M 273.00M 476.00M 447.00M 211.00M 166.00M 212.00M 193.00M
Property, Plant & Equipment 2,034.70M 2,021.60M 1,932.90M 1,633.80M 977.20M 890.90M 10,996.30M 15,155.00M 12,616.20M 12,873.70M 10,919.30M 11,087.80M 12,534.80M 14,311.00M 13,145.60M 12,424.00M 5,050.00M 4,477.00M 3,871.00M 3,359.00M 2,960.00M 2,664.00M 2,431.00M 2,217.00M 2,258.00M 1,715.00M 1,685.00M 1,577.00M 1,389.00M 1,177.00M 992.00M 633.00M 529.00M 456.00M
Goodwill 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 507.10M 0.00M 0.00M 0.00M 0.00M 0.00M 276.10M 3,274.00M 3,274.00M 3,289.00M 336.00M 336.00M 336.00M 336.00M 336.00M 336.00M 341.00M 343.00M 350.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Intangible Assets 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 2.40M 11.90M 2.50M 15.70M 0.30M 5.40M 49.00M 83.80M 143.30M 197.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 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 119.30M 114.90M 113.40M 124.40M 111.10M 86.60M 120.90M 581.60M 0.00M -15.70M -0.30M 1.70M -455.60M -362.00M 16,210.90M 0.00M 45.00M 61.00M 64.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 7.00M 8.00M
Tax Assets 673.90M 675.50M 849.50M 855.10M 55.10M 59.70M 21.90M 26.60M 29.40M 38.80M 69.30M 94.80M 179.50M 362.00M 352.00M 340.00M 358.00M 377.00M 341.00M 352.00M 357.00M 345.00M 375.00M 346.00M 332.00M 259.00M 230.00M 200.00M 180.00M 128.00M 73.00M 27.00M 23.00M 27.00M
Other Non-Current Assets 466.80M 463.90M 445.30M 436.70M 370.70M 359.30M 51.70M 115.00M 89.40M 131.10M 139.00M 214.30M 566.00M 268.90M -16,562.90M -24.00M -174.00M -157.00M -183.00M -207.00M -306.00M -305.00M -319.00M -266.00M -266.00M -111.00M -96.00M -72.00M -52.00M 20.00M 39.00M -5.00M 4.00M 7.00M
Other Assets -0.30M 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 278.50M 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 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Total Non-Current Assets 3,294.40M 3,275.90M 3,341.10M 3,050.00M 1,514.10M 1,396.50M 11,700.30M 15,890.10M 12,737.50M 13,043.60M 11,127.60M 11,404.00M 13,149.80M 17,937.70M 16,841.40M 16,226.00M 5,615.00M 5,094.00M 4,429.00M 3,840.00M 3,347.00M 3,040.00M 2,828.00M 2,640.00M 2,674.00M 1,863.00M 1,819.00M 1,705.00M 1,517.00M 1,325.00M 1,104.00M 655.00M 563.00M 498.00M
Total Assets 4,549.20M 4,409.90M 4,358.30M 4,249.50M 2,798.20M 2,535.60M 12,796.90M 16,881.50M 13,973.50M 14,568.20M 14,335.90M 13,543.00M 15,838.60M 19,307.30M 18,449.10M 17,789.60M 6,991.30M 6,732.70M 5,804.50M 4,952.30M 4,285.40M 3,604.70M 3,301.30M 3,183.00M 3,061.00M 2,326.00M 2,108.00M 1,978.00M 1,993.00M 1,772.00M 1,315.00M 821.00M 775.00M 691.00M
Accounts Payable 327.10M 332.30M 328.50M 400.10M 256.50M 225.80M 176.40M 288.20M 210.50M 432.60M 145.90M 224.60M 373.20M 341.10M 357.80M 643.50M 163.50M 159.00M 30.00M 18.80M 12.00M 19.00M 15.60M 16.00M 15.00M 10.00M 13.00M 8.00M 9.00M 8.00M 11.00M 9.00M 13.00M 3.00M
Short-Term Debt 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 145.90M 0.00M 0.00M 331.90M 70.80M 34.80M 47.50M 47.50M 125.00M 17.20M 17.20M 17.20M 19.10M 167.10M 17.20M 23.00M 23.00M 21.00M 12.00M 12.00M 4.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Tax Payables 0.00M 90.80M 57.20M 52.90M 41.40M 45.70M 50.80M 0.00M 0.00M 0.00M 40.70M 70.80M 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 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Deferred Revenue 79.00M 73.70M 87.20M 116.20M 78.00M 45.80M 57.60M 30.00M 56.90M 73.00M 116.70M 197.20M 179.00M 362.00M 351.00M 339.00M 358.00M 377.00M 340.00M 352.00M 356.00M 345.00M 375.00M 345.00M 332.00M 259.00M -12.00M -4.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Current Liabilities 117.30M 109.70M 123.80M 103.80M 84.30M 69.80M 81.50M 232.20M 235.50M 213.90M 211.90M 247.70M 385.60M 332.50M 266.40M 215.00M 88.20M 211.40M 40.80M 113.90M 147.10M 144.70M 115.00M 148.00M 162.00M 127.00M 92.00M 123.00M 150.00M 123.00M 93.00M 78.00M 75.00M 63.00M
Total Current Liabilities 523.40M 606.50M 596.70M 673.00M 460.20M 387.10M 366.30M 696.30M 502.90M 719.50M 847.10M 811.10M 972.60M 1,083.10M 1,022.70M 1,322.50M 626.90M 764.60M 428.00M 503.80M 682.20M 525.90M 528.60M 532.00M 530.00M 408.00M 105.00M 131.00M 159.00M 131.00M 104.00M 87.00M 88.00M 66.00M
Long-Term Debt 1,085.20M 1,084.30M 1,082.70M 1,079.30M 542.40M 545.30M 0.00M 5,923.50M 5,010.40M 4,750.70M 4,942.60M 5,895.10M 5,885.60M 4,718.90M 4,798.40M 4,878.00M 240.00M 257.00M 274.30M 291.40M 309.00M 475.40M 527.00M 550.00M 548.00M 462.00M 422.00M 371.00M 376.00M 401.00M 259.00M 159.00M 162.00M 126.00M
Capital Lease Obligations 0.00M 85.50M 84.90M 76.10M 23.20M 10.00M 15.70M 51.80M 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 0.00M 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 27.00M 29.40M 30.10M 29.90M 16.10M 0.00M 13.70M 99.00M 247.70M 196.50M 0.00M 4.40M 179.50M 362.10M 351.70M 339.50M 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 0.00M 0.00M 0.00M 0.00M 0.00M
Other Non-Current Liabilities 255.90M 258.60M 254.90M 385.20M 444.70M 558.40M 8,076.10M 706.90M 396.00M 386.70M 322.50M 449.20M 294.10M 328.10M 0.00M 451.50M 503.00M 506.00M 75.80M 421.60M 424.00M 378.60M 397.00M 365.00M 349.00M 273.00M 240.00M 231.00M 213.00M 163.00M 106.00M 44.00M 37.00M 45.00M
Total Non-Current Liabilities 1,368.10M 1,457.80M 1,452.60M 1,570.50M 1,026.40M 1,113.70M 8,105.50M 6,781.20M 5,654.10M 5,333.90M 5,265.10M 6,348.70M 6,359.20M 5,409.10M 5,150.10M 5,669.00M 743.00M 763.00M 350.10M 713.00M 733.00M 854.00M 924.00M 915.00M 897.00M 735.00M 662.00M 602.00M 589.00M 564.00M 365.00M 203.00M 199.00M 171.00M
Total Liabilities 1,891.50M 2,064.30M 2,049.30M 2,243.50M 1,486.60M 1,500.80M 8,471.80M 7,477.50M 6,157.00M 6,053.40M 6,112.20M 7,159.80M 7,331.80M 6,492.20M 6,172.80M 6,991.50M 1,369.90M 1,527.60M 778.10M 1,216.80M 1,415.20M 1,379.90M 1,452.60M 1,447.00M 1,427.00M 1,143.00M 767.00M 733.00M 748.00M 695.00M 469.00M 290.00M 287.00M 237.00M
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 2,592.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 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 0.80M 0.80M 0.80M 0.80M 0.80M 0.80M 82.60M 82.50M 46.20M 44.80M 31.10M 24.40M 24.20M 24.10M 23.90M 24.00M 15.00M 15.00M 18.00M 18.00M 18.00M 18.00M 18.00M 17.00M 17.00M 16.00M 16.00M 16.00M 16.00M 16.00M 8.00M 7.00M 7.00M 25.00M
Retained Earnings 1,664.20M 1,476.10M 1,398.90M 1,025.50M 160.10M -16.40M -4,183.80M 671.70M 874.20M 1,532.70M 1,864.10M 985.30M 2,720.40M 7,327.30M 6,434.70M 5,613.00M 5,305.00M 4,879.00M 4,114.00M 2,978.00M 1,995.00M 1,295.00M 1,016.00M 929.00M 835.00M 790.00M 597.00M 531.00M 538.00M 299.00M 72.00M -24.00M -72.00M -107.00M
Accumulated OCI 37.90M 36.90M 34.20M 25.20M 14.70M -9.10M -87.90M 6.20M 18.20M 28.60M 19.00M 12.50M 11.90M 18.20M -2,592.00M -2,062.00M -1,695.00M -1,674.00M -1,505.00M -1,346.00M -1,169.00M -1,009.00M -1,014.00M -909.00M -832.00M -671.00M -584.00M -500.00M -410.00M -357.00M -257.00M -185.00M -137.00M -125.00M
Minority Interest 2.80M 3.60M 5.80M 9.40M 8.00M 2.70M -4.30M -1.30M -2.60M -2.10M 4.40M 4.30M 7.90M 7.30M 5.70M 5.20M 5.50M 7.90M 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
Total Shareholders’ Equity 1,702.90M 1,513.80M 1,433.90M 1,051.50M 175.60M -24.70M -4,189.10M 760.40M 938.60M 1,606.10M 1,914.20M 1,022.20M 2,756.50M 7,369.60M 6,458.60M 3,575.00M 3,625.00M 3,220.00M 2,627.00M 1,650.00M 844.00M 304.00M 20.00M 37.00M 20.00M 135.00M 29.00M 47.00M 144.00M -42.00M -177.00M -202.00M -202.00M -207.00M
Total Equity 1,705.70M 1,517.40M 1,439.70M 1,060.90M 183.60M -22.00M -4,193.40M 759.10M 936.00M 1,604.00M 1,918.60M 1,026.50M 2,764.40M 7,376.90M 6,464.30M 3,580.20M 3,630.50M 3,227.90M 2,627.00M 1,650.00M 844.00M 304.00M 20.00M 37.00M 20.00M 135.00M 29.00M 47.00M 144.00M -42.00M -177.00M -202.00M -202.00M -207.00M
Total Liabilities & Equity 3,597.20M 3,581.70M 3,489.00M 3,304.40M 1,670.20M 1,478.80M 4,278.40M 8,236.60M 7,093.00M 7,657.40M 8,030.80M 8,186.30M 10,096.20M 13,869.10M 12,637.10M 10,571.70M 5,000.40M 4,755.50M 3,405.10M 2,866.80M 2,259.20M 1,683.90M 1,472.60M 1,484.00M 1,447.00M 1,278.00M 796.00M 780.00M 892.00M 653.00M 292.00M 88.00M 85.00M 30.00M
Tangible Assets 4,549.20M 4,409.90M 4,358.30M 4,249.50M 2,798.20M 2,535.60M 12,287.40M 16,869.60M 13,971.00M 14,552.50M 14,335.60M 13,537.60M 15,513.50M 15,949.50M 15,031.80M 14,303.60M 6,655.30M 6,396.70M 5,468.50M 4,616.30M 3,949.40M 3,268.70M 2,960.30M 2,840.00M 2,711.00M 2,326.00M 2,108.00M 1,978.00M 1,993.00M 1,772.00M 1,315.00M 821.00M 775.00M 691.00M
Tangible Equity 1,705.70M 1,517.40M 1,439.70M 1,060.90M 183.60M -22.00M -4,702.90M 747.20M 933.50M 1,588.30M 1,918.30M 1,021.10M 2,439.30M 4,019.10M 3,047.00M 94.20M 3,294.50M 2,891.90M 2,291.00M 1,314.00M 508.00M -32.00M -321.00M -306.00M -330.00M 135.00M 29.00M 47.00M 144.00M -42.00M -177.00M -202.00M -202.00M -207.00M
Tangible Book Value 1,705.70M 1,517.40M 1,439.70M 1,060.90M 183.60M -22.00M -4,702.90M 747.20M 933.50M 1,588.30M 1,918.30M 1,021.10M 2,439.30M 4,019.10M 3,047.00M 94.20M 3,294.50M 2,891.90M 2,291.00M 1,314.00M 508.00M -32.00M -321.00M -306.00M -330.00M 135.00M 29.00M 47.00M 144.00M -42.00M -177.00M -202.00M -202.00M -207.00M
Total Investments 119.30M 114.90M 113.40M 124.40M 111.10M 86.60M 120.90M 581.60M 329.00M 424.30M 1,442.60M 1,181.70M 757.30M 50.00M 50.00M 32.00M 45.00M 61.00M 64.00M 0.00M 0.00M 0.00M 0.00M 0.00M 38.00M 32.00M 0.00M 21.00M 0.00M 0.00M 0.00M 5.00M 13.00M 8.00M
Net Debt 422.50M 580.90M 714.50M 458.80M -181.70M -63.40M -325.80M 5,972.20M 4,735.30M 4,305.30M 4,114.80M 5,844.60M 5,255.60M 4,600.80M 4,358.80M 4,572.00M -793.80M -866.80M -498.50M -319.50M -89.90M 223.60M 283.00M 219.00M 422.00M 195.00M 327.00M 231.00M 46.00M 139.00M 178.00M 82.00M 14.00M -2.00M

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 1994-12-31 1993-12-31
Working Capital 625.6M 548.7M 399.2M 527.9M 841.8M 784.6M 746.1M 210.4M 757.7M 823.8M 2,392.5M 1,457.5M 1,788.9M 487.9M 734.2M 322.0M 1,088.0M 1,168.0M 973.0M 625.0M 602.0M 347.0M 278.0M 356.0M 190.0M 312.0M 172.0M 138.0M 317.0M 316.0M 107.0M 79.0M 124.0M 127.0M
Total Capital 3,611.5M 3,499.5M 3,406.1M 3,143.0M 1,855.5M 1,630.0M 4,390.3M 15,432.1M 13,101.8M 13,482.8M 13,525.1M 12,408.0M 14,135.4M 17,558.0M 16,692.4M 15,882.0M 6,217.0M 5,773.0M 4,969.0M 4,063.0M 3,692.0M 3,026.0M 2,732.0M 2,654.0M 2,536.0M 1,915.0M 1,764.0M 1,616.0M 1,644.0M 1,507.0M 1,140.0M 722.0M 691.0M 608.0M
Capital Employed 3,920.0M 3,824.6M 3,740.3M 3,577.9M 2,355.9M 2,181.1M 12,446.4M 16,100.5M 13,495.2M 13,867.4M 13,520.1M 12,861.5M 14,938.7M 18,425.6M 17,575.6M 16,548.0M 6,703.0M 6,262.0M 5,402.0M 4,465.0M 3,949.0M 3,387.0M 3,106.0M 2,996.0M 2,864.0M 2,175.0M 1,991.0M 1,843.0M 1,834.0M 1,641.0M 1,211.0M 734.0M 687.0M 625.0M
Invested Capital 2,948.8M 2,996.1M 3,037.9M 2,522.5M 1,131.4M 1,021.3M 4,064.5M 15,334.9M 12,826.7M 13,037.4M 12,365.4M 12,286.7M 13,470.6M 17,392.4M 16,205.3M 15,451.0M 5,166.0M 4,632.0M 4,179.0M 3,433.0M 3,126.0M 2,757.0M 2,465.0M 2,300.0M 2,389.0M 1,636.0M 1,657.0M 1,472.0M 1,314.0M 1,245.0M 1,059.0M 645.0M 543.0M 480.0M

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 1994-12-31 1993-12-31
Net Income 392.90M 1,073.20M 369.80M 866.80M 181.80M -4,494.40M -4,857.60M -192.20M -632.10M -305.10M 865.50M -1,468.10M -3,902.60M 1,418.20M 1,169.70M 600.40M 579.50M 779.40M 1,150.80M 992.00M 769.70M 294.20M 102.80M 108.30M 59.30M 207.30M 85.40M 6.70M 253.90M 233.90M 95.40M 48.10M 37.20M 16.50M
Depreciation & Amortization 139.60M 115.70M 122.10M 101.10M 91.20M 225.70M 547.00M 592.90M 479.70M 445.70M 446.20M 573.40M 530.00M 467.80M 410.20M 418.90M 216.30M 205.90M 189.50M 184.30M 175.00M 154.80M 144.10M 135.00M 123.80M 124.40M 98.70M 98.20M 83.50M 104.80M 81.80M 58.40M 54.20M 30.10M
Deferred Income Tax 158.63M -767.94M 5.80M -786.40M 7.90M -39.50M -105.70M 23.90M 56.60M 55.00M 28.70M -158.00M -123.50M 6.20M 18.00M -19.60M 14.30M 19.80M 2.20M 0.40M 15.90M 1.50M 23.90M 28.10M 6.80M 28.70M 22.00M 19.50M 50.60M 55.70M 38.60M -0.40M -0.90M 3.20M
Stock-Based Compensation 23.70M 15.00M 27.70M 27.30M 17.40M 0.00M 21.40M 37.30M 41.60M 53.40M 39.60M 40.20M 45.10M 50.30M 53.20M 0.00M 44.50M 35.50M 27.30M 36.90M 21.90M 5.20M 2.10M 6.00M 4.00M 3.00M 7.00M 1.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Change in Working Capital 47.19M -88.10M -134.20M 121.80M -6.60M 73.20M -22.00M -52.50M -18.00M 65.40M -8.20M -84.00M 93.30M -151.10M 59.10M -766.00M -80.00M 195.00M 348.00M 23.00M 255.00M 69.00M -78.00M 166.00M -122.00M 140.00M 34.00M -179.00M 1.00M 209.00M 28.00M -45.00M -3.00M 88.00M
Accounts Receivable 0.00M 0.00M -64.90M 44.90M -6.90M 0.00M 53.30M 0.00M -6.20M 83.20M 222.30M 269.50M -38.50M -46.70M 59.10M 0.00M 110.90M 185.00M -110.00M -44.00M -69.00M -86.00M -33.00M 13.00M -30.00M 43.00M -71.00M 57.00M 39.00M -46.00M -50.00M -21.00M 11.00M -5.00M
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 -526.00M -564.00M -272.00M -195.00M -322.90M 0.00M -269.00M -212.00M -62.00M -375.00M -354.00M -64.00M -27.00M 3.00M -128.00M -38.00M
Accounts Payable 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M -9.00M -3.80M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 11.00M 6.00M -6.00M 3.00M -0.10M 0.00M -13.00M -3.00M -5.00M 1.00M -1.00M 3.00M -2.00M 4.00M -10.00M 4.00M
Other Working Capital 47.19M -88.10M -69.30M 76.90M 0.30M 73.20M -75.30M -52.50M -2.80M -14.00M -230.50M -353.50M 131.80M -104.40M 383.90M -766.00M -190.90M 10.00M 973.00M 625.00M 602.00M 347.00M 278.00M 153.00M 190.00M 312.00M 172.00M 138.00M 317.00M 316.00M 107.00M -31.00M 124.00M 127.00M
Other Non-Cash Items -163.42M -24.32M -35.80M -63.10M -164.70M 4,169.00M 4,165.20M -686.30M 1,032.70M 810.40M 415.30M 3,711.90M 5,288.30M 195.30M 607.20M 450.90M 63.20M 4.10M -560.20M 6.30M -289.10M -170.20M 63.70M -154.30M 138.20M -81.90M -109.30M 168.60M 59.70M -266.80M -45.20M 23.50M 20.30M -82.30M
Net Cash from Operating Activities 598.60M 323.55M 355.40M 267.50M 127.00M -66.00M -251.70M -276.90M -55.70M 259.40M 1,077.40M 1,697.90M 2,054.10M 1,980.50M 2,187.10M 732.30M 818.10M 1,239.20M 1,157.30M 1,242.00M 947.50M 354.30M 258.50M 289.10M 210.10M 421.50M 137.80M 115.00M 448.70M 336.60M 198.60M 84.60M 107.80M 55.50M
Capital Expenditures (PPE) -348.90M -799.85M -455.10M -696.10M -207.00M -58.90M -93.80M -227.00M -426.70M -536.70M -322.20M -1,619.50M -1,566.70M -1,763.50M -1,713.20M -741.60M -875.30M -861.00M -772.00M -519.00M -528.00M -478.00M -304.00M -186.00M -226.00M -145.00M -256.10M -248.10M -330.80M -282.30M -176.00M -143.20M -153.20M -83.00M
Acquisitions (Net) 111.44M 0.57M 0.00M 0.00M 0.00M 55.20M 44.60M 931.90M -111.00M -871.60M 9.80M 1.60M 707.30M 0.00M 0.00M -2,656.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M -99.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Purchases of Investments 0.00M 0.00M 0.00M 0.00M -220.00M 0.00M 0.00M -145.00M -919.00M -1,040.00M -2,474.60M -1,780.00M -790.60M -50.00M 0.00M 0.00M 0.00M 0.00M -72.30M 0.00M 0.00M 0.00M 0.00M 38.00M -6.00M -54.00M 20.00M -20.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Sales / Maturities of Investments 0.00M 0.00M 0.00M 0.00M 220.00M 0.00M 0.00M 474.00M 1,030.00M 2,042.50M 2,212.00M 1,357.30M 83.30M 50.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 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 Investing Activities 27.46M 0.10M 2.80M 30.30M 190.30M 0.00M 7.20M 17.70M 13.50M 2.00M 8.40M -8.70M -430.90M 38.80M 16.00M 42.00M 159.60M 7.30M 122.50M 6.80M 26.00M 135.40M -8.80M 70.30M 45.50M 4.20M 0.60M 9.60M 68.40M 2.70M 25.90M 11.40M 20.70M 46.70M
Net Cash from Investing Activities -210.00M -799.18M -452.30M -665.80M -16.70M -3.70M -42.00M 1,051.60M -302.20M -403.80M -566.60M -2,049.30M -1,997.60M -1,724.70M -1,697.20M -3,355.60M -715.70M -853.70M -721.80M -512.20M -502.00M -342.60M -312.80M -77.70M -285.50M -194.80M -235.50M -258.50M -262.40M -279.60M -150.10M -131.80M -132.50M -36.30M
Net Debt Issuance 0.00M -12.53M 0.00M 531.20M 0.00M 390.10M 571.30M -928.10M 0.00M 0.00M -37.80M -34.60M 1,172.90M -52.10M -172.50M 2,342.70M -23.40M -17.20M -19.00M -167.20M -17.10M -58.30M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Long-Term Debt Issuance 0.00M -12.53M 0.00M 531.20M 0.00M 390.10M -9.70M -928.10M 0.00M 0.00M -37.80M -34.60M 1,172.90M -52.10M -172.50M 2,342.70M -23.40M -17.20M -19.00M -167.20M -17.10M -58.30M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Short-Term Debt Issuance 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 581.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 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 -100.39M -149.33M -126.40M -198.60M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 585.50M 0.30M 2.60M 22.30M 35.80M 39.90M -4.60M 3.10M -232.40M -485.80M -118.20M 67.20M 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 Issuance 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 585.50M 0.30M 0.00M 0.00M 0.00M 0.00M 1.40M 0.00M 27.30M 35.80M 41.80M 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
Common Stock Repurchased -101.96M -149.33M -126.40M -198.60M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 585.50M 0.00M 2.60M 0.00M 35.80M 39.90M -4.60M 3.10M -232.40M -485.80M -118.20M 67.20M 7.80M 12.40M 19.50M -77.10M 16.90M 0.00M -74.20M 293.00M 0.00M -7.20M -2.40M 0.90M
Preferred Stock Issuance 1.58M 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 0.00M 0.00M 0.00M
Net Dividends Paid 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M -4.50M -17.90M -13.80M -11.60M -141.20M -703.00M -525.60M -348.10M -153.70M -153.70M -14.20M -14.30M -14.80M -15.30M -15.20M -15.10M -15.00M -14.00M -13.00M -13.00M -13.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Common Dividends Paid 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M -4.50M -17.90M -13.80M -11.60M -141.20M -703.00M -525.60M -348.10M -292.30M -153.70M -14.20M -14.30M -14.80M -15.30M -15.20M -15.10M -15.00M -14.00M -13.00M -13.00M -13.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
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 -348.10M -292.30M 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 0.00M 0.00M 0.00M 0.00M 0.00M
Other Financing Activities -4.91M -32.88M -31.90M -47.10M -6.40M -1.40M -49.10M -19.70M 206.10M -556.70M -7.10M -16.30M -29.80M -21.70M 49.30M -86.20M -10.90M -5.90M 5.30M 2.50M 2.60M -3.20M -15.60M 9.60M -42.30M -41.50M 72.90M -29.20M -118.40M 124.50M -44.90M -23.50M 44.80M 83.40M
Net Cash from Financing Activities -105.30M -194.74M -158.30M 285.50M -6.40M 388.70M 522.20M -952.30M 188.20M -570.50M 529.00M -191.80M 442.70M -577.10M -435.50M 2,004.10M -192.60M -34.20M -260.40M -665.30M -148.00M -9.50M -30.70M -5.40M -56.30M -54.50M 59.90M -42.20M -118.40M 124.50M -44.90M -23.50M 44.80M 83.40M
Effect of FX on Cash 0.00M 5.27M 0.00M 0.00M -0.50M -0.20M 0.10M -0.30M -0.60M 0.60M -1.40M -0.30M 0.00M -0.20M 2.00M -0.80M -0.50M 0.50M -15.00M -0.80M -0.20M -0.70M -2.00M 0.90M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M -0.10M 0.00M 0.00M
Net Change in Cash 283.30M -665.10M -255.20M -112.80M 103.90M 318.80M 228.60M -177.90M -170.30M -714.30M 1,038.40M -543.50M 499.20M -321.40M 56.10M -620.00M -90.70M 351.80M 160.10M 63.70M 297.30M 1.50M -87.00M 206.90M -131.70M 172.20M -37.80M -185.70M 67.90M 181.50M 3.60M -70.80M 20.10M 102.60M
Cash at Beginning of Period 1,742.60M 2,612.40M 635.70M 748.50M 644.60M 325.80M 97.20M 275.10M 445.40M 1,159.70M 121.30M 664.80M 165.60M 487.00M 431.00M 1,051.00M 1,141.00M 790.00M 630.00M 566.00M 269.00M 267.00M 354.00M 147.00M 279.00M 107.00M 144.00M 330.00M 262.00M 81.00M 77.00M 148.00M 128.00M 26.00M
Cash at End of Period 2,025.90M 1,947.30M 380.50M 635.70M 748.50M 644.60M 325.80M 97.20M 275.10M 445.40M 1,159.70M 121.30M 664.80M 165.60M 487.10M 431.00M 1,050.30M 1,141.80M 790.10M 629.70M 566.30M 268.50M 267.00M 353.90M 147.30M 279.20M 106.20M 144.30M 329.90M 262.50M 80.60M 77.20M 148.10M 128.60M
Operating Cash Flow 598.60M 323.55M 355.40M 267.50M 127.00M -66.00M -251.70M -276.90M -55.70M 259.40M 1,077.40M 1,697.90M 2,054.10M 1,980.50M 2,187.10M 732.30M 818.10M 1,239.20M 1,157.30M 1,242.00M 947.50M 354.30M 258.50M 289.10M 210.10M 421.50M 137.80M 115.00M 448.70M 336.60M 198.60M 84.60M 107.80M 55.50M
Capital Expenditure -348.90M -799.85M -455.10M -696.10M -207.00M -58.90M -93.80M -227.00M -426.70M -536.70M -322.20M -1,619.50M -1,566.70M -1,763.50M -1,713.20M -741.60M -875.30M -861.00M -772.00M -519.00M -528.00M -478.00M -304.00M -186.00M -226.00M -145.00M -256.10M -248.10M -330.80M -282.30M -176.00M -143.20M -153.20M -83.00M
Free Cash Flow 249.70M -476.30M -99.70M -428.60M -80.00M -124.90M -345.50M -503.90M -482.40M -277.30M 755.20M 78.40M 487.40M 217.00M 473.90M -9.30M -57.20M 378.20M 385.30M 723.00M 419.50M -123.70M -45.50M 103.10M -15.90M 276.50M -118.30M -133.10M 117.90M 54.30M 22.60M -58.60M -45.40M -27.50M

Free Cash Flow

Metric TTM TTM-1 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31 2017-12-31 2016-12-31 2015-12-31 2014-12-31 2013-12-31 2012-12-31 2011-12-31 2010-12-31 2009-12-31 2008-12-31 2007-12-31 2006-12-31 2005-12-31 2004-12-31 2003-12-31 2002-12-31 2001-12-31 2000-12-31 1999-12-31 1998-12-31 1997-12-31 1996-12-31 1995-12-31 1994-12-31 1993-12-31
EBITDA 827.10M 518.80M 609.90M 243.30M 246.00M 315.40M 303.80M 655.20M 722.00M 930.50M 1,680.20M 2,482.90M 2,885.70M 2,697.30M 2,257.30M 1,632.10M 1,058.90M 1,362.30M 1,785.60M 1,584.50M 1,367.20M 721.50M 460.30M 450.90M 413.60M 566.10M 328.60M 199.90M 552.20M 598.90M 312.30M 171.90M 159.80M 110.00M
(-) Tax Adjustment 289.49M 0.00M 0.66M 0.00M 47.14M 0.00M 15.40M 0.00M 0.00M 0.00M 182.76M 23.46M 0.00M 335.43M 395.51M 290.26M 157.73M 224.38M 305.58M 329.87M 319.05M 193.65M 39.60M 42.28M 99.72M 114.42M 104.46M 0.00M 178.73M 209.62M 96.29M 12.36M 13.83M 21.93M
(-) Change In Working Capital 47.19M -88.10M -134.20M 121.80M -6.60M 73.20M -22.00M -52.50M -18.00M 65.40M -8.20M -84.00M 93.30M -151.10M 59.10M -766.00M -80.00M 195.00M 348.00M 23.00M 255.00M 69.00M -78.00M 166.00M -122.00M 140.00M 34.00M -179.00M 1.00M 209.00M 28.00M -45.00M -3.00M 88.00M
(-) Capital Expenditure -348.90M -799.85M -455.10M -696.10M -207.00M -58.90M -93.80M -227.00M -426.70M -536.70M -322.20M -1,619.50M -1,566.70M -1,763.50M -1,713.20M -741.60M -875.30M -861.00M -772.00M -519.00M -528.00M -478.00M -304.00M -186.00M -226.00M -145.00M -256.10M -248.10M -330.80M -282.30M -176.00M -143.20M -153.20M -83.00M
Unlevered Free Cash Flow 141.53M -192.95M 288.34M -574.60M -1.54M 183.30M 216.60M 480.70M 313.30M 328.40M 1,183.44M 923.94M 1,225.70M 749.47M 89.49M 1,366.24M 105.87M 81.92M 360.02M 712.63M 265.15M -19.15M 194.70M 56.62M 209.88M 166.68M -65.96M 130.80M 41.67M -102.02M 12.01M 61.34M -4.23M -82.93M
(-) Net Interest Income After Taxes -17.81M 12.30M 1.30M 32.50M 16.33M 0.00M -257.17M -400.20M -268.20M -198.40M -191.61M -204.45M -148.40M -124.52M -83.14M -64.70M -0.60M -1.84M -11.60M -0.79M -12.27M -20.48M -32.90M -32.62M -23.53M -25.53M 4.30M 0.40M 7.51M 9.10M 11.34M 9.37M 6.21M -2.24M
Net Debt Issuance 0.00M -12.53M 0.00M 531.20M 0.00M 390.10M 571.30M -928.10M 0.00M 0.00M -37.80M -34.60M 1,172.90M -52.10M -172.50M 2,342.70M -23.40M -17.20M -19.00M -167.20M -17.10M -58.30M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Levered Free Cash Flow 159.34M -217.78M 287.04M -75.90M -17.87M 573.40M 1,045.07M -47.20M 581.50M 526.80M 1,337.26M 1,093.79M 2,547.00M 821.89M 0.13M 3,773.64M 83.07M 66.56M 352.63M 546.22M 260.31M -56.97M 227.61M 89.24M 233.41M 192.21M -70.26M 130.40M 34.17M -111.12M 0.66M 51.97M -10.44M -80.68M