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Page: Company Financials

Western Midstream Partners, LP

Ticker: WES | Industry: Oil & Gas Midstream | Sector: Energy
$40.74 -0.32 (-0.78%)
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 39.29 38.70 39.65 38.21 27.35 25.39 20.81 8.78 26.69 32.00 41.87 39.68 48.93 58.25 38.08 42.49
Market Capitalization 14,982.46M 14,757.39M 15,115.01M 14,536.19M 10,471.85M 10,021.67M 8,557.45M 3,787.09M 10,871.65M 7,004.84M 9,165.54M 8,687.37M 10,711.39M 12,750.11M 8,334.47M 5,383.89M
(-) Cash & Equivalents 177.29M 129.73M 251.82M 713.64M 272.22M 197.86M 165.95M 198.75M 103.31M 201.01M 136.03M 194.14M 80.91M 90.42M 88.51M 117.51M
(+) Total Debt 13.06M 6,998.66M 4,782.24M 7,651.17M 7,186.69M 6,856.01M 7,231.70M 7,963.90M 7,608.51M 4,561.76M 3,316.48M 3,016.05M 2,626.14M 2,110.68M 1,476.99M 544.68M
Enterprise Value 14,818.23M 21,626.33M 19,645.43M 21,473.72M 17,386.32M 16,679.83M 15,623.20M 11,552.24M 18,376.85M 11,365.60M 12,346.00M 11,509.28M 13,256.63M 14,770.37M 9,722.94M 5,811.06M

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
Revenue 3,740M 3,535M 3,605M 3,106M 3,252M 2,877M 2,773M 2,746M 1,990M 2,248M 1,804M 1,561M 1,274M 1,053M 849M 810M 495M 237M 689M 255M
Cost of Revenue 893M 826M 823M 765M 1,003M 874M 679M 928M 769M 1,200M 767M 773M 621M 510M 453M 327M 157M 51M 333M 112M
Gross Profit 2,848M 2,709M 2,783M 2,341M 2,248M 2,003M 2,093M 1,819M 1,221M 1,049M 1,037M 789M 653M 543M 396M 482M 338M 185M 357M 143M
Gross Profit Margin 76.1% 76.6% 77.2% 75.4% 69.1% 69.6% 75.5% 66.2% 61.3% 46.6% 57.5% 50.5% 51.2% 51.6% 46.6% 59.6% 68.3% 78.4% 51.7% 56.0%
R&D Expenses 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M
SG&A Expenses 273M 269M 272M 233M 194M 196M 156M 115M 64M 51M 49M 41M 37M 33M 98M 39M 25M 20M 23M 8M
Operating Expenses 1,126M 772M 812M 962M 661M 667M 1,215M 587M 521M 413M 397M 369M 262M 225M 249M 287M 195M 113M 200M 85M
Operating Income (EBIT) 1,722M 1,937M 1,971M 1,380M 1,588M 1,336M 879M 1,231M 699M 635M 640M 420M 391M 318M 147M 196M 143M 72M 157M 58M
Operating Income Margin 46.0% 54.8% 54.7% 44.4% 48.8% 46.4% 31.7% 44.8% 35.1% 28.3% 35.5% 26.9% 30.7% 30.2% 17.4% 24.2% 28.9% 30.5% 22.7% 22.5%
Interest Income 0M 0M 0M 0M 0M 0M 12M 17M 17M 17M 17M 17M 17M 19M 17M 29M 17M 17M 12M 0M
Interest Expense 375M 377M 365M 336M 322M 364M 380M 303M 184M 145M 117M 114M 77M 47M 42M 30M 19M 10M 0M 8M
Net Interest Income -375M -377M -365M -336M -322M -364M -368M -286M -167M -128M -100M -97M -60M -28M -25M -2M -2M 7M 12M -8M
Unusual Items 19M 25M 24M 9M -11M -38M 12M -124M -81M 70M 65M -386M 59M -5M 0M 14M 6M 9M 9M 6M
EBT Excluding Unusual Items 1,347M 1,560M 1,606M 1,044M 1,266M 972M 511M 945M 532M 508M 540M 323M 331M 290M 122M 194M 141M 79M 168M 50M
Pre-Tax Income 1,366M 1,584M 1,629M 1,052M 1,256M 934M 523M 821M 451M 578M 605M -63M 389M 285M 123M 207M 148M 88M 178M 56M
Pre-Tax Margin 36.5% 44.8% 45.2% 33.9% 38.6% 32.5% 18.9% 29.9% 22.7% 25.7% 33.6% -4.0% 30.6% 27.0% 14.4% 25.6% 29.8% 37.0% 25.8% 21.9%
Income Tax Expense 8M 19M 18M 4M 4M -10M 6M 13M 3M 5M 8M 3M 2M 3M 29M 46M 11M 0M 44M 19M
Net Income 1,316M 1,528M 1,574M 1,022M 1,217M 916M 527M 697M 369M 377M 346M 88M 222M 160M 3M 76M 126M 77M 126M 37M
Net Income Margin 35.2% 43.2% 43.6% 32.9% 37.4% 31.8% 19.0% 25.4% 18.6% 16.8% 19.2% 5.6% 17.4% 15.2% 0.3% 9.3% 25.5% 32.7% 18.3% 14.3%
Depreciation & Amortization 676M 653M 650M 601M 582M 552M 491M 483M 389M 291M 273M 244M 183M 146M 117M 112M 73M 40M 71M 31M
EBITDA 2,397M 2,590M 2,621M 1,980M 2,170M 1,888M 1,370M 1,715M 1,089M 926M 913M 664M 574M 464M 265M 307M 216M 112M 228M 88M
EBITDA Margin 64.1% 73.3% 72.7% 63.7% 66.7% 65.6% 49.4% 62.4% 54.7% 41.2% 50.6% 42.6% 45.0% 44.0% 31.2% 38.0% 43.6% 47.4% 33.0% 34.6%
NOPAT 1,711M 1,914M 1,949M 1,374M 1,583M 1,350M 869M 1,211M 695M 630M 631M 332M 388M 315M 112M 153M 133M 72M 118M 38M
NOPAT Margin 45.7% 54.1% 54.1% 44.2% 48.7% 46.9% 31.3% 44.1% 34.9% 28.0% 35.0% 21.3% 30.5% 29.9% 13.2% 18.8% 26.9% 30.5% 17.1% 14.7%
Owner's Earnings 1,248M 1,387M 1,390M 888M 1,312M 1,154M 594M -8M -435M -8M 139M -270M -268M -340M -339M 45M 122M 55M 62M -70M
Owner's Earnings Margin 33.4% 39.2% 38.6% 28.6% 40.4% 40.1% 21.4% -0.3% -21.9% -0.3% 7.7% -17.3% -21.0% -32.3% -39.9% 5.5% 24.7% 23.4% 9.0% -27.2%
EPS (Basic) 3.40 3.92 4.04 2.61 3.01 2.18 1.18 1.68 1.69 1.72 1.53 0.39 1.02 0.71 0.01 1.84 1.25 1.48 0.78 0.54
EPS (Diluted) 3.44 4.00 4.11 2.66 3.07 2.22 1.21 1.68 1.69 1.72 1.58 0.40 1.01 0.73 0.01 1.48 2.47 1.48 2.37 0.54
Shares (Basic) 381M 380M 380M 383M 395M 411M 436M 416M 219M 219M 219M 219M 219M 219M 219M 51M 51M 52M 53M 68M
Shares (Diluted) 383M 382M 382M 384M 396M 412M 436M 416M 219M 219M 219M 219M 219M 219M 219M 51M 51M 52M 53M 68M

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
Product 206.01M 153.76M 140.10M 145.02M 399.02M 290.95M 138.56M 287.06M 301.87M
Product and Service, Other 0.96M 1.13M 1.09M 0.97M 0.95M 0.79M 1.34M 0.00M 1.49M
Service Fee Based 4,195.55M 3,153.20M 3,248.26M 2,768.76M 2,602.05M 2,462.84M 2,584.32M 0.00M 1,609.25M
Service Product Based 243.53M 226.84M 215.78M 191.73M 249.69M 122.58M 48.37M 0.00M 85.55M

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
Cash & Cash Equivalents 177.29M 129.73M 1,090.46M 272.79M 286.66M 202.00M 444.92M 99.96M 92.14M 79.59M 359.07M 99.69M 67.21M 113.09M 422.56M 226.56M 27.07M 69.98M 36.07M
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
Cash & Short-Term Investments 177.29M 129.73M 1,090.46M 272.79M 286.66M 202.00M 444.92M 99.96M 92.14M 79.59M 359.07M 99.69M 67.21M 113.09M 422.56M 226.56M 27.07M 69.98M 36.07M
Net Receivables 706.50M 728.80M 721.45M 681.29M 590.30M 467.13M 471.19M 272.33M 235.60M 161.88M 226.50M 195.24M 98.51M 87.65M 37.07M 23.20M 11.61M 0.00M 9.70M
Inventory 12.92M 11.98M 2.51M 2.56M 3.80M 3.37M 0.88M 24.35M 10.87M 10.79M 7.13M 2.40M 5.32M 2.58M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Current Assets 17.72M 26.55M 17.35M 14.71M 6.41M 1.90M 17.94M 0.09M 4.18M 0.00M 0.00M 1.03M 1.69M 1.61M 6.60M 6.69M 5.94M 0.00M 1.38M
Total Current Assets 914.42M 897.05M 1,831.77M 971.35M 887.16M 674.40M 934.93M 396.74M 342.79M 252.26M 592.70M 298.37M 172.73M 204.93M 466.23M 256.45M 44.63M 69.98M 47.16M
Property, Plant & Equipment 9,726.35M 9,740.20M 9,934.11M 9,739.30M 8,608.69M 8,584.63M 8,748.93M 9,068.92M 8,410.35M 5,730.89M 5,049.93M 4,858.78M 4,384.37M 3,383.26M 2,473.38M 2,052.22M 1,753.76M 0.00M 686.35M
Goodwill 4.78M 4.78M 4.78M 4.78M 4.78M 4.78M 4.78M 445.80M 416.16M 416.16M 417.61M 389.69M 384.39M 105.34M 87.94M 82.14M 60.24M 20.84M 20.84M
Intangible Assets 625.99M 633.91M 649.74M 681.41M 713.08M 744.74M 776.41M 809.39M 746.80M 775.27M 803.70M 832.13M 884.86M 53.61M 55.49M 52.86M 0.00M 0.00M 0.00M
Long-Term Investments 510.63M 523.53M 572.26M 934.23M 963.88M 1,184.44M 1,275.82M 1,605.95M 1,352.09M 826.21M 854.21M 878.89M 894.49M 503.62M 366.53M 370.32M 375.16M 0.00M 18.18M
Tax Assets 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 260.00M
Other Non-Current Assets 340.55M 352.10M 136.70M 119.48M 80.78M 69.72M 81.02M 13.99M 62.79M 12.57M 15.06M 13.00M 28.29M 27.40M 27.40M 23.64M 7.41M 0.00M 0.63M
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
Total Non-Current Assets 11,208.30M 11,254.52M 11,297.60M 11,479.20M 10,371.20M 10,588.32M 10,886.96M 11,944.04M 10,988.20M 7,761.10M 7,140.51M 6,972.48M 6,576.40M 4,073.22M 3,010.73M 2,581.18M 2,196.57M 20.84M 986.00M
Total Assets 12,122.72M 12,151.57M 13,129.37M 12,450.54M 11,258.37M 11,262.71M 11,821.90M 12,340.78M 11,330.99M 8,013.36M 7,733.21M 7,270.85M 6,749.12M 4,278.14M 3,476.95M 2,837.63M 2,241.19M 90.82M 1,033.16M
Accounts Payable 297.03M 357.04M 312.95M 362.45M 360.56M 326.06M 210.69M 293.13M 443.34M 349.80M 247.08M 98.66M 54.23M 23.43M 25.15M 26.59M 15.18M 16.95M 26.56M
Short-Term Debt 75.69M 74.56M 1,069.93M 629.01M 226.12M 516.49M 442.83M 9.68M 28.00M 350.00M 0.00M 0.00M 1.15M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Tax Payables 0.00M 41.37M 42.90M 2.91M 75.30M 46.47M 44.83M 35.86M 29.72M 29.13M 24.13M 18.58M 15.02M 13.86M 12.50M 8.68M 6.15M 1.94M 1.48M
Deferred Revenue 10.93M 10.89M 11.06M 16.87M 20.90M 27.76M 31.48M 19.66M 16.40M -350.00M 0.00M 0.00M 172.33M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Current Liabilities 192.73M 195.67M 226.62M 237.59M 248.99M 268.37M 272.54M 162.79M 149.52M 72.13M 191.10M 136.13M 173.34M 151.89M 121.07M 91.04M 42.98M 0.00M 0.00M
Total Current Liabilities 576.37M 679.51M 1,663.45M 1,248.82M 931.88M 1,185.15M 1,002.36M 521.11M 666.98M 451.06M 462.30M 253.37M 416.07M 189.18M 158.73M 126.31M 64.30M 18.88M 28.04M
Long-Term Debt 6,907.95M 6,906.38M 6,903.32M 7,254.89M 6,565.42M 6,399.08M 7,392.19M 7,951.57M 5,214.87M 3,492.71M 3,119.46M 2,690.65M 2,422.95M 1,418.17M 1,168.28M 669.18M 299.00M 0.00M 0.00M
Capital Lease Obligations 0.00M 92.28M 93.18M 36.10M 6.82M 5.33M 31.91M 7.87M 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 31.92M 31.69M 29.68M 15.47M 14.42M 12.43M 22.20M 18.90M 280.02M 7.41M 6.40M 139.70M 4.17M 0.31M 1.58M 513.10M 491.68M 217.31M 1.15M
Other Non-Current Liabilities 1,200.04M 1,175.49M 378.28M 362.31M 293.95M 303.26M 265.55M 510.33M 417.39M 146.89M 184.08M 317.33M 110.07M 79.15M 68.47M 76.17M 56.06M 230.98M 184.95M
Total Non-Current Liabilities 8,139.90M 8,205.85M 7,404.46M 7,668.77M 6,880.62M 6,720.09M 7,711.84M 8,488.67M 5,912.29M 3,647.01M 3,309.94M 3,147.68M 2,537.19M 1,497.62M 1,238.33M 1,258.45M 846.74M 448.29M 186.10M
Total Liabilities 8,716.28M 8,885.36M 9,067.91M 8,917.58M 7,812.49M 7,905.24M 8,714.20M 9,009.79M 6,579.27M 4,098.07M 3,772.24M 3,401.05M 2,953.26M 1,686.81M 1,397.06M 1,384.76M 911.04M 467.17M 214.13M
Preferred Stock 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Common Stock 3,182.17M 3,188.96M 3,235.61M 2,897.42M 2,971.71M 2,958.07M 2,761.13M 3,195.72M 951.89M 1,061.13M 1,048.14M 1,060.84M 1,260.20M 905.08M 912.38M 528.87M 369.84M 0.00M 0.00M
Retained Earnings 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Accumulated OCI 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 1,388.02M 0.00M 0.00M 430.60M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M -175.43M
Minority Interest 146.46M 144.48M 139.57M 131.71M 136.41M 137.69M 134.08M 149.57M 2,552.78M 2,883.75M 3,062.62M 2,428.66M 2,751.16M 1,686.86M 1,168.04M 938.08M 812.82M 0.00M 66.02M
Total Shareholders’ Equity 3,182.17M 3,188.96M 3,235.61M 2,897.42M 2,971.71M 2,958.07M 2,761.13M 3,195.72M 2,339.91M 1,061.13M 1,048.14M 1,491.44M 1,260.20M 905.08M 912.38M 528.87M 369.84M 0.00M -175.43M
Total Equity 3,328.64M 3,333.44M 3,375.17M 3,029.13M 3,108.12M 3,095.76M 2,895.21M 3,345.29M 4,892.68M 3,944.88M 4,110.77M 3,920.10M 4,011.35M 2,591.94M 2,080.42M 1,466.95M 1,182.66M 0.00M -109.41M
Total Liabilities & Equity 12,044.91M 12,218.80M 12,443.08M 11,946.71M 10,920.61M 11,001.00M 11,609.41M 12,355.08M 11,471.95M 8,042.94M 7,883.01M 7,321.15M 6,964.61M 4,278.74M 3,477.48M 2,851.71M 2,093.70M 467.17M 104.72M
Tangible Assets 11,491.95M 11,512.88M 12,474.84M 11,764.35M 10,540.51M 10,513.19M 11,040.70M 11,085.59M 10,168.02M 6,821.93M 6,511.90M 6,049.03M 5,479.88M 4,119.20M 3,333.53M 2,702.63M 2,180.96M 69.98M 1,012.32M
Tangible Equity 2,697.86M 2,694.75M 2,720.65M 2,342.94M 2,390.26M 2,346.24M 2,114.02M 2,090.10M 3,729.72M 2,753.45M 2,889.46M 2,698.29M 2,742.11M 2,433.00M 1,936.99M 1,331.96M 1,122.42M -20.84M -130.25M
Tangible Book Value 2,697.86M 2,694.75M 2,720.65M 2,342.94M 2,390.26M 2,346.24M 2,114.02M 2,090.10M 3,729.72M 2,753.45M 2,889.46M 2,698.29M 2,742.11M 2,433.00M 1,936.99M 1,331.96M 1,122.42M -20.84M -130.25M
Total Investments 510.63M 523.53M 572.26M 934.23M 963.88M 1,184.44M 1,275.82M 1,605.95M 1,352.09M 826.21M 854.21M 878.89M 894.49M 503.62M 366.53M 370.32M 375.16M 0.00M 18.18M
Net Debt 6,806.35M 6,851.21M 6,882.78M 7,611.11M 6,504.89M 6,713.57M 7,390.09M 7,861.28M 5,150.73M 3,763.12M 2,760.39M 2,590.96M 2,356.89M 1,305.08M 745.72M 442.62M 271.93M -69.98M -36.07M

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
Working Capital 276.6M 210.2M 155.5M -311.6M -3.4M -455.4M -17.9M -83.5M -201.0M -169.2M 280.2M 89.7M -27.9M 16.3M 308.0M 144.2M 1.0M 61.8M 4.7M
Total Capital 10,182.2M 10,187.6M 11,376.0M 10,858.4M 9,800.7M 9,910.6M 10,654.6M 11,160.0M 7,582.8M 4,553.8M 4,167.6M 4,182.1M 3,684.3M 2,323.3M 2,080.7M 1,198.1M 843.8M 0.0M -175.4M
Capital Employed 11,484.9M 11,464.7M 11,453.1M 11,167.6M 10,367.8M 10,132.9M 10,869.1M 11,860.5M 8,701.8M 7,591.9M 7,420.7M 6,510.1M 6,548.5M 4,089.6M 3,318.7M 2,725.4M 1,723.3M 1,066.1M 990.7M
Invested Capital 10,004.9M 10,057.9M 10,285.5M 10,585.7M 9,514.1M 9,708.6M 10,209.7M 11,060.0M 7,490.6M 4,474.2M 3,808.5M 4,082.4M 3,617.1M 2,210.2M 1,658.1M 971.5M 816.8M -70.0M -211.5M

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
Net Income 1,307.65M 1,548.00M 1,612.88M 1,050.68M 1,251.46M 944.00M 520.39M 807.70M 448.51M 573.20M 596.98M -66.55M 387.38M 282.39M 93.17M 161.70M 137.07M 87.61M 134.23M 36.47M
Depreciation & Amortization 675.89M 652.63M 650.43M 600.67M 582.37M 551.63M 491.09M 483.26M 337.54M 290.87M 272.93M 244.16M 183.16M 145.92M 117.26M 111.90M 0.00M 40.07M 0.00M 30.79M
Deferred Income Tax 2.27M 14.27M 14.21M 1.04M 2.00M -9.77M 3.30M 7.61M 2.47M 2.46M 2.56M 1.93M 2.58M -0.31M -31.67M -24.70M -1.65M -0.25M -1.60M 10.70M
Stock-Based Compensation 8.14M 28.01M 37.41M 31.42M 27.78M 27.68M 14.60M 15.49M 6.43M 5.17M 4.99M 4.45M 4.11M 3.82M 3.72M 0.00M 0.00M 0.00M 0.00M 0.00M
Change in Working Capital 89.00M 46.44M 81.26M -94.03M -49.21M 181.11M -16.87M 7.81M 3.62M -27.54M 5.07M -3.24M -54.12M -21.96M 1.31M 24.32M 8.86M -13.46M 13.13M -4.73M
Accounts Receivable -49.16M -48.53M -42.80M -78.32M -116.30M 16.37M -147.04M -45.03M -56.71M -16.20M -49.00M -5.67M -4.11M -34.15M -14.58M -0.88M -0.27M -2.01M -0.16M -3.47M
Inventory 0.00M 0.00M 0.00M 0.00M -9.47M 0.00M 0.00M 0.24M 0.75M 0.15M 0.17M 0.44M 0.00M 0.00M 0.28M 0.00M 0.00M 0.00M 0.00M 0.00M
Accounts Payable 47.15M 13.34M 0.00M 0.00M -7.81M 0.00M 0.00M -30.87M 31.90M -6.92M 58.37M 3.15M -53.48M 22.70M 11.62M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Working Capital 91.01M 81.63M 124.05M -15.70M 84.36M 164.74M 130.17M 83.47M 27.67M -4.57M -4.46M -1.17M 3.47M -10.51M 4.00M 25.20M 9.13M -11.45M 13.29M -1.27M
Other Non-Cash Items 135.43M -247.42M -287.48M 58.41M -112.96M 72.21M 628.15M 2.23M 218.13M 53.25M 30.55M 486.02M 7.87M 2.45M 2.32M 0.00M 72.79M 0.00M 71.04M 0.00M
Net Cash from Operating Activities 2,218.38M 2,041.93M 2,108.71M 1,648.20M 1,701.43M 1,766.85M 1,640.65M 1,324.10M 1,016.70M 897.41M 913.08M 666.77M 530.97M 412.30M 186.11M 273.22M 217.07M 113.96M 216.80M 73.22M
Capital Expenditures (PPE) -744.11M -793.74M -833.86M -735.08M -487.23M -313.67M -423.60M -1,188.83M -1,193.90M -675.03M -479.99M -602.29M -673.00M -646.47M -459.31M -142.95M -76.83M -62.17M -135.19M -136.87M
Acquisitions (Net) 0.16M -671.99M -10.13M -878.90M -49.76M -4.44M -19.39M -2,229.62M -295.45M -159.59M -716.49M -27.62M -1,966.80M -768.96M -612.58M -330.79M -752.83M -101.45M -175.00M 0.00M
Purchases of Investments -9.69M 0.00M 0.00M 0.00M -9.63M 0.00M 0.00M -2,229.62M -295.74M -159.59M -0.03M -11.44M -64.28M -51.97M -0.86M -0.09M -0.31M -0.38M -8.10M -6.40M
Sales / Maturities of Investments 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 2,229.62M 0.00M 0.00M 21.89M 28.61M 82.33M 52.06M 459.31M 142.95M 76.83M 62.17M 135.19M 0.00M
Other Investing Activities 28.75M 582.90M 804.82M 6.69M 328.38M 60.57M -5.26M 30.60M 29.55M 71.01M 69.09M 146.32M 0.19M -0.72M -457.68M -142.06M -71.20M -62.17M -395.19M 0.00M
Net Cash from Investing Activities -724.90M -882.82M -39.17M -1,607.29M -218.24M -257.54M -448.25M -3,387.85M -1,459.80M -763.60M -1,105.53M -466.42M -2,621.56M -1,416.07M -1,071.13M -472.95M -824.34M -164.01M -578.28M -143.27M
Net Debt Issuance -1,008.25M 656.07M 34.88M 1,090.72M -129.54M -952.97M -136.92M 2,729.59M 1,631.34M 375.58M 423.20M 278.46M 998.03M 247.50M 492.65M 186.94M 299.00M -101.45M 175.00M 0.00M
Long-Term Debt Issuance -1,612.94M 656.47M 645.19M 480.81M -129.54M -952.97M -136.92M 2,729.59M 1,631.34M 468.80M 423.20M 278.46M 998.03M 247.50M 492.65M 186.94M 299.00M -101.45M 175.00M 0.00M
Short-Term Debt Issuance 604.69M -0.40M -610.31M 609.92M 0.00M 0.00M 0.00M 1.57M -3.21M 5.59M 2.08M -2.67M 0.77M -1.76M 1.80M 4.04M 659.99M 0.00M 0.00M 0.00M
Net Stock Issuance 0.00M 0.00M 0.00M -134.60M -487.59M -217.47M 0.00M -0.86M 0.00M -0.18M -23.49M 57.35M 1,441.18M 722.68M 623.95M 328.35M 338.48M 120.08M 315.16M 0.00M
Common Stock Issuance 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M -0.86M 0.00M 0.00M 686.94M 57.35M 1,441.18M 725.05M 623.95M 328.35M 338.48M 120.08M 315.16M 0.00M
Common Stock Repurchased 0.00M 0.00M 0.00M -134.60M -487.59M -217.47M 0.00M 0.86M 0.00M -0.18M -23.49M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 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 686.94M 0.00M 0.00M -2.37M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Net Dividends Paid -1,398.78M -1,134.60M -1,272.15M -1,142.22M -735.76M -533.76M -771.55M -969.07M -502.46M -441.97M -374.08M -306.48M -228.48M -137.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Common Dividends Paid -1,398.78M -1,134.60M -1,272.15M -1,142.22M -735.76M -533.76M -771.55M -969.07M -502.46M -441.97M -374.08M -306.48M -228.48M -137.00M 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 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Financing Activities -34.20M -46.52M -16.01M 127.27M -45.65M -48.05M 36.49M 311.91M -258.55M -346.72M 426.21M -279.38M -166.01M -138.89M -35.58M -116.07M -16.22M 65.33M -92.60M 69.59M
Net Cash from Financing Activities -2,441.22M -525.04M -1,253.28M -58.83M -1,398.53M -1,752.24M -871.98M 2,071.57M 455.66M -413.29M 451.84M -167.87M 2,044.71M 694.30M 1,081.02M 399.21M 564.36M 83.96M 397.56M 69.59M
Effect of FX on Cash 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 361.49M 70.05M
Net Change in Cash -947.74M 634.06M 816.26M -17.92M 84.66M -242.92M 320.42M 7.82M 12.55M -279.48M 259.38M 32.48M -45.87M -309.47M 196.00M 199.49M -42.91M 33.91M 397.56M 69.59M
Cash at Beginning of Period 2,787.36M 1,397.04M 268.18M 286.10M 202.00M 444.92M 98.12M 92.14M 79.59M 359.07M 99.69M 67.21M 113.09M 422.56M 226.56M 27.07M 69.98M 36.07M -361.49M 0.46M
Cash at End of Period 1,839.62M 2,031.11M 1,084.45M 268.18M 286.66M 202.00M 418.54M 99.96M 92.14M 79.59M 359.07M 99.69M 67.21M 113.09M 422.56M 226.56M 27.07M 69.98M 36.07M 70.05M
Operating Cash Flow 2,218.38M 2,041.93M 2,108.71M 1,648.20M 1,701.43M 1,766.85M 1,640.65M 1,324.10M 1,016.70M 897.41M 913.08M 666.77M 530.97M 412.30M 186.11M 273.22M 217.07M 113.96M 216.80M 73.22M
Capital Expenditure -744.11M -793.74M -833.86M -735.08M -487.23M -313.67M -423.60M -1,188.83M -1,193.90M -675.03M -479.99M -602.29M -673.00M -646.47M -459.31M -142.95M -76.83M -62.17M -135.19M -136.87M
Free Cash Flow 1,474.27M 1,248.19M 1,274.86M 913.12M 1,214.20M 1,453.18M 1,217.05M 135.27M -177.20M 222.39M 433.08M 64.48M -142.03M -234.17M -273.20M 130.28M 140.24M 51.78M 81.61M -63.65M

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
EBITDA 3,250.61M 3,092.63M 3,161.45M 2,709.25M 2,636.80M 2,359.32M 2,428.74M 2,187.34M 1,546.25M 1,289.00M 1,260.83M 991.72M 798.35M 655.75M 415.78M 555.09M 385.70M 205.34M 404.31M 165.49M
(-) Tax Adjustment 19.53M 37.22M 35.14M 11.29M 8.79M 0.00M 27.86M 35.89M 10.09M 10.85M 17.44M 0.00M 4.16M 5.94M 99.87M 122.24M 27.62M 0.03M 99.38M 57.51M
(-) Change In Working Capital 89.00M 46.44M 81.26M -94.03M -49.21M 181.11M -16.87M 7.81M 3.62M -27.54M 5.07M -3.24M -54.12M -21.96M 1.31M 24.32M 8.86M -13.46M 13.13M -4.73M
(-) Capital Expenditure -744.11M -793.74M -833.86M -735.08M -487.23M -313.67M -423.60M -1,188.83M -1,193.90M -675.03M -479.99M -602.29M -673.00M -646.47M -459.31M -142.95M -76.83M -62.17M -135.19M -136.87M
Unlevered Free Cash Flow 2,397.97M 2,215.22M 2,211.19M 2,056.90M 2,190.00M 1,864.54M 1,994.14M 954.81M 338.64M 630.66M 758.33M 392.67M 175.31M 25.30M -144.71M 265.59M 272.39M 156.59M 156.61M -24.16M
(-) Net Interest Income After Taxes -372.28M -372.59M -361.15M -334.43M -320.65M -363.81M -364.10M -281.69M -165.84M -126.64M -98.35M -96.97M -59.56M -28.09M -19.12M -1.39M -1.75M 6.94M 8.89M -5.09M
Net Debt Issuance -1,008.25M 656.07M 34.88M 1,090.72M -129.54M -952.97M -136.92M 2,729.59M 1,631.34M 375.58M 423.20M 278.46M 998.03M 247.50M 492.65M 186.94M 299.00M -101.45M 175.00M 0.00M
Levered Free Cash Flow 1,762.00M 3,243.88M 2,607.22M 3,482.06M 2,381.11M 1,275.38M 2,221.32M 3,966.09M 2,135.83M 1,132.88M 1,279.87M 768.10M 1,232.89M 300.89M 367.06M 453.92M 573.13M 48.20M 322.72M -19.07M