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Definitive Analysis

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Page: Industry Financials

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Industry Analysis

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Industry Enterprise Value

Metric MRQ 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 13.64 10.41 34.64 35.27 32.42 40.14 34.33 31.22 25.93 29.49 26.91 24.32 26.44 25.84 21.77 15.99 21.44 15.56 17.39 25.26 20.97 18.48 14.15 13.64 10.76 13.07 13.80 10.31 9.35 7.93 7.16
Market Capitalization 1,160.64M 1,058.20M 7,387.39M 16,072.94M 13,987.75M 19,614.07M 14,835.43M 13,241.06M 9,470.50M 11,565.54M 9,321.98M 9,658.43M 11,841.97M 9,636.41M 7,292.80M 2,259.43M 2,708.16M 2,043.51M 1,414.06M 2,668.37M 2,465.27M 2,220.50M 1,529.41M 1,016.07M 563.08M 482.23M 563.61M 467.26M 448.22M 398.45M 330.83M
(-) Cash & Equivalents 45.36M 48.35M 1,186.08M 4,890.32M 4,548.21M 6,177.11M 4,191.42M 3,910.17M 2,673.64M 6,835.20M 2,408.60M 2,556.05M 3,129.01M 2,750.25M 3,057.64M 484.61M 439.74M 312.64M 156.85M 273.47M 250.85M 150.59M 79.96M 29.32M 18.39M 20.25M 30.51M 16.66M 13.08M 10.83M 7.33M
(+) Total Debt 237.33M 152.26M 3,810.28M 14,831.00M 19,588.98M 17,671.66M 12,642.18M 13,292.09M 1,884.44M 1,819.56M 1,780.85M 1,666.13M 1,858.36M 1,461.71M 721.88M 842.52M 918.46M 477.07M 287.15M 362.35M 266.94M 166.28M 95.08M 70.10M 26.88M 18.52M 19.85M 14.57M 28.94M 24.95M 12.11M
Enterprise Value 1,344,431,564.88 1,247,320,937.64 9,201,800,905.24 18,874,072,518.24 14,633,947,135.79 27,245,641,542.11 23,563,576,449.83 30,813,109,396.07 12,346,918,865.38 12,944,338,305.94 12,637,803,249.08 12,022,778,290.74 15,816,165,920.58 10,714,544,503.69 8,500,549,355.73 2,560,589,338.47 2,821,474,662.13 1,976,610,016.53 1,643,401,702.78 3,163,045,448.56 3,474,743,858.46 2,460,919,634.10 1,917,008,224.65 1,145,054,868.03 703,195,672.96 554,117,828.92 747,539,001.21 578,092,608.84 554,675,896.64 497,088,307.31 457,105,572.60

Industry Income Statement

Metric TTM 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
Revenue 1,015.07M 148.56M 2,970.41M 21,660.15M 21,595.85M 23,389.80M 18,448.01M 19,977.56M 19,342.69M 18,809.95M 18,075.27M 18,974.37M 19,200.51M 18,890.58M 16,441.06M 1,081.62M 953.01M 817.34M 642.09M 807.75M 683.13M 469.52M 292.87M 198.52M 141.89M 51.14M 61.55M 29.25M 38.42M 30.94M 26.03M
Cost of Revenue 261.08M 22.38M 891.45M 2,464.02M 2,310.83M 2,226.80M 1,940.28M 1,943.01M 1,964.31M 1,877.24M 1,828.74M 1,695.20M 1,818.58M 1,586.36M 1,039.68M 304.91M 193.62M 120.04M 131.27M 124.77M 86.75M 62.75M 41.25M 15.55M 10.65M 6.02M 5.23M 4.01M 3.85M 5.04M 4.63M
Gross Profit 753.99M 126.18M 2,078.96M 19,196.13M 19,285.02M 21,163.01M 16,507.72M 18,034.55M 17,378.38M 16,932.71M 16,246.53M 17,279.17M 17,381.93M 17,304.22M 15,401.37M 776.71M 759.39M 697.30M 510.82M 682.98M 596.37M 406.78M 251.62M 182.97M 131.25M 45.12M 56.32M 25.24M 34.57M 25.90M 21.40M
Gross Margin 74.3% 84.9% 70.0% 88.6% 89.3% 90.5% 89.5% 90.3% 89.8% 90.0% 89.9% 91.1% 90.5% 91.6% 93.7% 71.8% 79.7% 85.3% 79.6% 84.6% 87.3% 86.6% 85.9% 92.2% 92.5% 88.2% 91.5% 86.3% 90.0% 83.7% 82.2%
R&D Expenses 0.00M 0.00M 0.00M 3.32M 2.80M 0.00M 0.00M 0.00M 2.42M 2.14M 5.03M 5.08M 4.75M 4.71M 1.55M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
SG&A Expenses 83.24M 8.29M 261.31M 3,336.18M 2,990.32M 3,108.59M 3,118.74M 3,670.12M 2,983.87M 2,960.24M 3,442.84M 2,926.25M 3,300.67M 2,394.73M 2,714.48M 141.55M 106.09M 93.45M 70.63M 74.13M 58.64M 47.01M 33.77M 14.86M 10.08M 4.96M 3.97M 4.10M 3.91M 2.30M 2.34M
Operating Expenses 83.24M 8.29M 261.31M 3,339.50M 2,993.12M 3,108.59M 3,118.74M 3,670.12M 2,986.29M 2,962.38M 3,447.87M 2,931.33M 3,305.43M 2,399.44M 2,716.03M 141.55M 106.09M 93.45M 70.63M 74.13M 58.64M 47.01M 33.77M 14.86M 10.08M 4.96M 3.97M 4.10M 3.91M 2.30M 2.34M
Operating Income 670.74M 117.89M 1,817.65M 15,856.64M 16,291.90M 18,054.42M 13,388.99M 14,364.43M 14,392.10M 13,970.33M 12,798.66M 14,347.84M 14,076.51M 14,904.78M 12,685.35M 635.16M 653.30M 603.85M 440.19M 608.86M 537.74M 359.76M 217.85M 168.11M 121.17M 40.16M 52.35M 21.14M 30.66M 23.60M 19.06M
Operating Margin 66.1% 79.4% 61.2% 73.2% 75.4% 77.2% 72.6% 71.9% 74.4% 74.3% 70.8% 75.6% 73.3% 78.9% 77.2% 58.7% 68.6% 73.9% 68.6% 75.4% 78.7% 76.6% 74.4% 84.7% 85.4% 78.5% 85.1% 72.3% 79.8% 76.3% 73.2%
Interest Income 38.01M 12.06M 116.05M 147.90M 118.60M 127.54M 107.69M 124.60M 99.17M 95.05M 92.70M 82.08M 87.15M 86.30M 96.26M 13.42M 11.73M 17.71M 17.33M 12.21M 7.68M 2.58M 0.84M 0.22M 0.18M 0.12M 0.04M 0.00M 0.00M 0.01M 0.00M
Interest Expense 51.42M 6.74M 150.02M 84.21M 30.52M 45.56M 41.80M 31.51M 27.32M 37.60M 42.58M 40.60M 45.23M 42.13M 34.46M 56.73M 31.35M 19.97M 22.77M 20.07M 10.97M 8.00M 4.69M 4.07M 1.67M 0.78M 1.15M 3.05M 1.45M 7.10M 8.42M
Net Interest Income -13.41M 5.32M -33.98M 63.69M 88.08M 81.98M 65.90M 93.09M 71.85M 57.45M 50.12M 41.48M 41.92M 44.17M 61.80M -43.32M -19.62M -2.26M -5.44M -7.85M -3.29M -5.42M -3.85M -3.85M -1.49M -0.66M -1.12M -3.05M -1.45M -7.09M -8.42M
Other Income / Expense -337.71M -47.98M -1,047.38M -12,274.29M -15,093.05M -10,043.00M -11,975.99M -11,147.53M -12,566.45M -10,446.98M -9,767.87M -11,429.76M -11,110.90M -10,617.06M -10,301.39M -317.91M -290.08M -400.60M -371.30M -324.89M -265.61M -160.91M -98.09M -81.25M -115.99M -35.36M -25.34M 14.52M -10.09M 13.33M 14.43M
Pre-Tax Income 319.63M 75.23M 736.29M 3,646.04M 1,286.93M 8,093.39M 1,478.89M 3,309.99M 1,897.49M 3,580.80M 3,080.92M 2,959.57M 3,007.53M 4,331.88M 2,445.76M 273.94M 343.60M 200.98M 63.44M 276.12M 268.83M 193.43M 115.91M 83.01M 3.69M 4.14M 25.90M 32.61M 19.12M 29.84M 25.06M
Pre-Tax Margin 31.5% 50.6% 24.8% 16.8% 6.0% 34.6% 8.0% 16.6% 9.8% 19.0% 17.0% 15.6% 15.7% 22.9% 14.9% 25.3% 36.1% 24.6% 9.9% 34.2% 39.4% 41.2% 39.6% 41.8% 2.6% 8.1% 42.1% 111.5% 49.8% 96.4% 96.3%
Income Tax Expense 46.33M 5.86M 99.03M 378.19M 613.27M 644.67M 340.95M 418.51M 373.81M 455.59M 637.68M 804.08M 348.75M 684.55M 281.29M 52.04M 41.76M 19.75M 21.48M 33.72M 30.31M 24.79M 15.25M 9.43M 9.35M 4.03M 8.66M 5.76M 4.14M 5.08M 4.19M
Tax Rate 14.5% 7.8% 13.5% 10.4% 35.0% 8.0% 23.1% 12.6% 19.7% 12.7% 20.7% 27.2% 11.6% 15.8% 11.5% 19.0% 12.2% 9.8% 33.9% 12.2% 11.3% 12.8% 13.2% 11.4% 35.0% 35.0% 33.4% 17.7% 21.6% 17.0% 16.7%
Net Income 273.30M 69.37M 637.26M 3,267.86M 673.66M 7,448.72M 1,137.94M 2,891.47M 1,523.68M 3,125.21M 2,443.23M 2,155.48M 2,658.78M 3,647.33M 2,164.46M 221.90M 301.84M 181.23M 41.96M 242.39M 238.52M 168.65M 100.67M 73.58M -5.66M 0.11M 17.24M 26.85M 14.98M 24.77M 20.87M
Net Margin 26.9% 46.7% 21.5% 15.1% 3.1% 31.8% 6.2% 14.5% 7.9% 16.6% 13.5% 11.4% 13.8% 19.3% 13.2% 20.5% 31.7% 22.2% 6.5% 30.0% 34.9% 35.9% 34.4% 37.1% -4.0% 0.2% 28.0% 91.8% 39.0% 80.0% 80.2%
EBIT 670.74M 117.89M 1,817.65M 15,856.64M 16,291.90M 18,054.42M 13,388.99M 14,364.43M 14,392.10M 13,970.33M 12,798.66M 14,347.84M 14,076.51M 14,904.78M 12,685.35M 635.16M 653.30M 603.85M 440.19M 608.86M 537.74M 359.76M 217.85M 168.11M 121.17M 40.16M 52.35M 21.14M 30.66M 23.60M 19.06M
Depreciation & Amortization 21.71M 1.30M 70.25M 664.55M -99.68M -523.90M -234.98M -83.93M 48.17M -13.33M 29.97M -152.07M -146.51M -239.92M -168.34M 41.89M 25.96M 35.00M 20.03M 25.19M 20.32M 15.58M 12.26M 12.82M 8.05M 6.57M 5.94M 9.82M 8.39M 12.43M 13.90M
EBITDA 692.45M 119.19M 1,887.90M 16,521.19M 16,192.22M 17,530.52M 13,154.01M 14,280.50M 14,440.26M 13,957.00M 12,828.63M 14,195.77M 13,930.00M 14,664.86M 12,517.01M 677.05M 679.26M 638.84M 460.21M 634.04M 558.05M 375.35M 230.11M 180.93M 129.22M 46.72M 58.29M 30.96M 39.05M 36.03M 32.95M
EBITDA Margin 68.2% 80.2% 63.6% 76.3% 75.0% 74.9% 71.3% 71.5% 74.7% 74.2% 71.0% 74.8% 72.6% 77.6% 76.1% 62.6% 71.3% 78.2% 71.7% 78.5% 81.7% 79.9% 78.6% 91.1% 91.1% 91.4% 94.7% 105.8% 101.6% 116.4% 126.6%
NOPAT 573.52M 108.71M 1,573.17M 14,211.91M 10,589.74M 16,616.30M 10,302.25M 12,548.19M 11,556.83M 12,192.87M 10,149.62M 10,449.68M 12,444.20M 12,549.43M 11,226.37M 514.50M 573.90M 544.50M 291.16M 534.49M 477.11M 313.66M 189.20M 149.02M 78.76M 26.10M 34.85M 17.40M 24.02M 19.59M 15.87M
NOPAT Margin 56.5% 73.2% 53.0% 65.6% 49.0% 71.0% 55.8% 62.8% 59.7% 64.8% 56.2% 55.1% 64.8% 66.4% 68.3% 47.6% 60.2% 66.6% 45.3% 66.2% 69.8% 66.8% 64.6% 75.1% 55.5% 51.0% 56.6% 59.5% 62.5% 63.3% 61.0%
Owner's Earnings 295.01M 70.67M 707.50M 3,932.41M 573.98M 6,924.82M 902.97M 2,807.55M 1,571.85M 3,111.88M 2,473.21M 2,003.41M 2,512.27M 3,407.41M 1,996.12M 263.79M 327.80M 216.23M 61.99M 267.58M 258.84M 184.23M 112.93M 86.41M 2.39M 6.68M 23.18M 36.67M 23.38M 37.19M 34.77M
Owner's Earnings Margin 29.1% 47.6% 23.8% 18.2% 2.7% 29.6% 4.9% 14.1% 8.1% 16.5% 13.7% 10.6% 13.1% 18.0% 12.1% 24.4% 34.4% 26.5% 9.7% 33.1% 37.9% 39.2% 38.6% 43.5% 1.7% 13.1% 37.7% 125.4% 60.8% 120.2% 133.6%
EPS 1.42 0.35 1.97 4.91 1.02 10.61 1.64 4.13 2.09 4.42 4.54 2.96 3.86 5.99 3.57 0.91 1.25 0.92 0.25 1.04 0.84 0.64 0.52 0.42 -0.05 0.00 0.16 0.28 0.13 0.21 0.20
EPS (Diluted) 1.42 0.35 1.97 4.91 1.02 10.61 1.64 4.13 2.09 4.42 4.54 2.96 3.86 5.99 3.57 0.91 1.25 0.92 0.25 1.04 0.84 0.64 0.52 0.42 -0.05 0.00 0.16 0.28 0.13 0.21 0.20
Shares (Diluted) 193.14M 196.76M 323.97M 665.99M 659.25M 702.11M 692.99M 699.91M 728.25M 706.56M 538.27M 728.12M 689.47M 608.40M 605.59M 243.36M 241.17M 196.06M 167.74M 232.87M 284.20M 263.13M 193.59M 175.12M 122.30M 109.91M 106.90M 97.00M 117.97M 118.23M 106.28M

Industry Balance Sheet

Metric MRQ 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
Cash & Cash Equivalents 51.45M 49.82M 1,239.52M 4,890.32M 4,637.99M 6,166.09M 4,197.78M 4,021.15M 2,758.15M 6,844.76M 2,408.60M 2,556.05M 3,129.01M 2,750.25M 3,057.64M 506.36M 420.95M 322.26M 153.06M 251.12M 255.93M 151.58M 106.65M 26.59M 18.58M 20.88M 26.86M 13.61M 13.08M 10.83M 7.44M
Short-Term Investments 15.40M 40.60M 309.17M 4,124.32M 4,915.81M 4,955.98M 5,178.57M 3,184.49M 4,214.66M 3,259.62M 1,134.25M 1,107.72M 2,800.50M 3,795.47M 3,851.77M 224.87M 302.68M 224.93M 102.12M 237.07M 130.34M 99.90M 68.70M 3.90M 3.88M 7.76M 7.65M 12.16M 13.38M 4.73M 1.87M
Cash & Short-Term Investments 66.86M 90.42M 1,548.69M 9,014.63M 9,553.79M 11,122.07M 9,376.35M 7,205.64M 6,972.80M 10,104.38M 3,542.85M 3,663.77M 5,929.50M 6,545.72M 6,909.41M 731.24M 723.63M 547.19M 255.19M 488.19M 386.27M 251.48M 175.35M 30.49M 22.46M 28.64M 34.52M 25.77M 26.46M 15.56M 9.31M
Net Receivables 16.17M 14.64M 535.94M 1,078.34M 1,275.17M 1,630.31M 1,004.02M 871.35M 883.25M 1,001.56M 992.03M 871.65M 647.06M 851.70M 848.49M 242.53M 209.47M 166.57M 67.24M 87.83M 103.90M 44.70M 31.83M 24.87M 14.56M 6.14M 9.75M 4.03M 6.32M 7.75M 4.73M
Inventory 0.00M 0.00M 11.74M 263.67M 267.62M 223.76M 199.13M 154.78M 164.93M 158.01M 137.63M 157.35M 121.15M 115.77M 116.02M 3.10M 2.37M 0.37M 1.75M 0.06M 0.60M 0.13M 0.07M 0.22M 0.11M 0.01M 0.00M 0.00M 0.03M 0.00M 0.00M
Other Current Assets -6.36M 0.98M 35.84M 608.31M 772.88M 619.48M 743.35M 300.90M 332.55M 336.51M 454.96M 357.25M 254.20M 175.24M 219.19M 21.99M 32.62M 7.55M 10.25M 9.00M 7.07M 2.72M 4.57M 1.72M 1.41M 0.93M 0.15M 0.35M 0.19M 0.09M 0.07M
Total Current Assets 76.66M 106.04M 2,132.21M 10,964.96M 11,869.48M 13,595.62M 11,322.84M 8,532.68M 8,353.54M 11,600.46M 5,127.46M 5,050.02M 6,951.92M 7,688.44M 8,093.10M 998.85M 968.08M 721.68M 334.42M 585.08M 497.84M 299.03M 211.82M 57.30M 38.53M 35.72M 44.41M 30.14M 32.99M 23.40M 14.11M
Property, Plant & Equipment 5.98M 4.77M 423.40M 7,064.75M 6,990.75M 6,427.69M 2,985.11M 2,096.49M 2,243.10M 1,701.70M 1,847.21M 1,916.66M 1,688.63M 1,844.93M 2,132.10M 129.64M 96.34M 69.16M 66.80M 65.25M 56.05M 38.63M 34.27M 33.76M 20.54M 10.30M 11.97M 8.83M 9.22M 8.05M 8.57M
Goodwill 0.00M 0.00M 758.84M 4,737.07M 5,122.12M 4,665.65M 4,316.90M 4,290.52M 4,037.08M 3,744.58M 3,622.63M 3,577.84M 2,684.78M 2,543.25M 2,539.68M 291.37M 160.52M 58.22M 28.84M 32.77M 32.23M 3.53M 0.78M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Intangible Assets 0.00M 0.40M 441.22M 1,918.06M 2,090.59M 2,087.78M 1,629.01M 1,655.94M 1,643.99M 1,617.12M 1,682.74M 1,661.29M 1,216.74M 1,164.80M 1,712.74M 118.65M 112.57M 72.90M 58.68M 41.92M 27.66M 11.03M 9.69M 3.30M 1.88M 0.66M 0.24M 0.08M 0.15M 0.08M 0.11M
Long-Term Investments 262.89M 275.15M 3,579.46M 2,595.89M 1,807.20M 5,150.28M 3,154.30M 2,268.81M 2,027.69M 2,090.91M 1,932.66M 1,485.30M 1,708.19M 1,555.03M 1,684.39M 1,489.69M 1,270.14M 631.29M 385.32M 605.66M 509.52M 282.50M 286.13M 122.67M 80.50M 57.10M 53.07M 43.68M 41.22M 64.51M 70.13M
Tax Assets 0.11M 0.13M 50.27M 6.77M 9.41M 10.35M 10.69M 6.66M 0.71M 5.12M 14.89M 15.06M 12.29M 8.39M 3.37M 17.53M 6.26M 5.25M 2.44M 2.90M 1.42M 0.16M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Non-Current Assets 282.21M 360.23M 3,985.38M 34,441.95M 30,813.80M 31,817.33M 32,060.07M 29,957.77M -7,389.96M -7,110.78M -7,684.04M -9,672.09M -8,118.97M -7,859.29M -10,262.02M 137.58M 76.69M 20.03M 162.16M 133.89M -51.00M 38.85M -102.12M -43.68M 11.64M -12.85M -0.42M -5.27M -6.72M -22.90M -20.00M
Other Assets 316.77M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 15,652.64M 21,270.07M 21,483.90M 18,225.08M 10,575.81M 5,875.76M 9,260.94M 0.00M 0.00M 0.05M 0.00M 1.90M 0.50M 1.24M 4.65M 1.49M 0.14M 0.00M 0.02M 0.00M 0.04M 0.03M 0.28M
Total Non-Current Assets 867.95M 640.69M 9,238.56M 50,764.48M 46,833.88M 50,159.07M 44,156.08M 40,276.19M 18,215.24M 23,318.74M 22,899.98M 17,209.14M 9,767.47M 5,132.86M 7,071.20M 2,184.46M 1,722.51M 856.90M 704.25M 884.30M 576.38M 375.94M 233.40M 117.55M 114.71M 55.21M 64.88M 47.33M 43.91M 49.76M 59.09M
Total Assets 944.62M 746.73M 11,370.77M 61,729.44M 58,703.35M 63,754.69M 55,478.92M 48,808.88M 26,568.78M 34,919.20M 28,027.44M 22,259.16M 16,719.39M 12,821.30M 15,164.30M 3,183.32M 2,690.59M 1,578.59M 1,038.67M 1,469.38M 1,074.22M 674.96M 445.22M 174.85M 153.24M 90.93M 109.29M 77.47M 76.90M 73.16M 73.21M
Accounts Payable 1.64M 3.81M 140.59M 333.14M 468.18M 573.42M 450.17M 413.77M 449.66M 455.39M 348.30M 482.92M 337.63M 259.39M 304.08M 99.70M 73.32M 43.29M 41.26M 48.83M 46.62M 34.04M 9.34M 9.95M 3.67M 2.57M 3.53M 1.41M 1.39M 1.58M 0.90M
Short-Term Debt 22.80M 12.41M 202.80M 371.34M 531.71M 818.71M 371.84M 391.04M 57.19M 58.18M 52.93M 67.17M 57.62M 70.32M 38.83M 95.48M 72.66M 31.35M 27.18M 30.64M 23.36M 16.34M 13.18M 6.18M 4.48M 2.63M 1.61M 1.05M 1.45M 2.16M 2.04M
Tax Payables 0.09M 0.06M 16.12M 7.06M 7.81M 14.69M 6.30M 3.98M 7.56M 4.36M 4.93M 10.35M 6.02M 4.35M 3.66M 6.41M 6.33M 3.61M 4.30M 5.02M 5.22M 2.51M 0.65M 0.07M 0.04M 0.01M 0.00M 0.04M 0.11M 0.03M 0.05M
Deferred Revenue 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.24M 0.25M 0.23M 0.00M 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 3.28M 1.86M 154.49M 826.08M 585.30M 485.91M 691.67M 755.85M 904.19M 745.89M 739.15M 616.67M 389.92M 603.69M 458.87M 84.30M 97.49M 54.79M 39.03M 29.55M 23.16M 6.56M 4.95M 5.86M 3.79M 2.27M 2.38M 1.44M 0.86M 0.36M 0.77M
Total Current Liabilities 27.81M 18.13M 514.00M 1,537.62M 1,593.00M 1,892.72M 1,519.98M 1,564.65M 1,418.60M 1,263.83M 1,145.31M 1,177.11M 791.18M 937.74M 805.44M 286.13M 250.04M 133.27M 111.77M 114.04M 98.37M 59.46M 28.13M 22.06M 11.97M 7.47M 7.53M 3.94M 3.80M 4.13M 3.76M
Long-Term Debt 208.88M 136.85M 3,325.71M 10,941.52M 13,728.40M 21,757.86M 14,046.66M 14,259.25M 16,462.51M 16,967.88M 17,226.00M 12,669.18M 10,965.79M 10,197.53M 8,961.85M 827.91M 577.29M 342.65M 235.72M 263.46M 182.28M 133.15M 39.39M 17.57M 15.02M 10.40M 16.86M 10.76M 25.97M 19.26M 7.60M
Capital Lease Obligations 0.00M 1.47M 45.86M 164.90M 189.31M 179.34M 183.11M 148.85M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 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 3.05M 1.94M 50.31M 25.35M 20.33M 26.94M 20.14M 25.79M 13.33M 15.30M 17.71M 20.38M 15.03M 16.27M 19.97M 25.11M 18.23M 2.53M 2.41M 3.01M 4.67M 3.14M 0.67M 0.00M 0.00M 0.00M 0.00M 0.00M 0.01M 0.03M 0.03M
Other Non-Current Liabilities 67.58M 19.87M 1,991.75M 33,946.54M 29,548.97M 30,492.63M 32,692.22M 28,855.46M -2,975.22M -1,953.33M -2,453.13M -2,709.05M -1,429.15M -1,507.45M -3,555.86M 172.83M 150.54M 104.50M 45.26M 62.66M 10.14M 27.97M 17.07M 22.88M 24.10M 3.61M 1.74M 1.49M 1.96M 3.86M 1.93M
Total Non-Current Liabilities 279.51M 160.13M 5,413.62M 45,078.32M 43,487.00M 52,456.78M 46,942.12M 43,289.34M 13,500.63M 15,029.86M 14,790.58M 9,980.51M 9,551.67M 8,706.36M 5,425.96M 1,025.85M 746.06M 449.68M 283.39M 329.14M 197.09M 164.25M 57.13M 40.45M 39.12M 14.01M 18.59M 12.25M 27.94M 23.15M 9.56M
Total Liabilities 307.32M 178.26M 5,927.62M 46,615.94M 45,080.01M 54,349.50M 48,462.11M 44,853.99M 14,919.23M 16,293.68M 15,935.88M 11,157.62M 10,342.85M 9,644.10M 6,231.40M 1,311.98M 996.10M 582.95M 395.16M 443.18M 295.46M 223.71M 85.26M 62.51M 51.09M 21.48M 26.13M 16.19M 31.74M 27.28M 13.32M
Preferred Stock 0.00M 0.00M 0.00M 117.63M 381.24M 368.41M 280.53M 114.60M 82.43M 355.92M 425.82M 19.69M 23.74M 36.52M 124.41M 0.00M 0.00M 0.00M 0.00M 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 17.93M 84.26M 155.11M 459.87M 463.65M 968.73M 1,070.25M 1,043.12M 1,042.72M 1,044.66M 999.00M 1,001.09M 1,025.30M 980.11M 1,029.69M 94.14M 66.79M 79.62M 55.59M 74.56M 56.93M 60.58M 37.41M 30.96M 27.42M 11.85M 11.91M 15.22M 11.24M 9.58M 9.30M
Retained Earnings 11.41M 78.71M 2,501.12M 11,085.25M 10,538.55M 14,928.40M 12,284.68M 16,954.41M 16,939.75M 14,477.21M 10,738.24M 10,235.02M 9,297.23M 9,667.02M 7,363.72M 640.11M 587.95M 291.48M 395.52M 368.98M 277.53M 271.10M 138.48M 29.21M 28.85M 7.76M 20.99M 18.32M 14.99M 10.76M 10.53M
Accumulated OCI 0.18M 23.56M -50.76M -925.43M -1,542.13M 99.31M 615.70M 75.08M -15.50M -9.26M -14.94M -5.72M -0.34M 1.00M 0.00M -2.02M -2.09M -3.21M -14.45M -0.01M 0.00M 0.00M 0.22M 0.00M -0.08M 1.05M 0.61M 0.65M 3.03M 7.92M 5.86M
Minority Interest 0.00M 0.00M 326.28M 385.60M 423.98M 508.53M 476.60M 451.23M 385.52M 350.89M 331.17M 309.02M 267.40M 171.00M 169.90M 55.94M 25.60M 14.28M 7.15M 8.66M 5.06M 3.54M 2.51M 0.80M 0.22M 0.01M 0.10M 0.01M 0.01M 0.00M 0.00M
Total Shareholders’ Equity 29.52M 186.53M 2,605.46M 10,737.32M 9,841.31M 16,364.86M 14,251.16M 18,187.21M 18,049.40M 15,868.53M 12,148.12M 11,250.08M 10,345.94M 10,684.65M 8,517.82M 732.23M 652.66M 367.89M 436.66M 443.53M 334.46M 331.68M 176.11M 60.17M 56.20M 20.66M 33.52M 34.19M 29.26M 28.26M 25.70M
Total Equity 29.52M 186.53M 2,931.74M 11,122.92M 10,265.29M 16,873.39M 14,727.76M 18,638.44M 18,434.93M 16,219.42M 12,479.29M 11,559.09M 10,613.34M 10,855.65M 8,687.71M 788.16M 678.26M 382.18M 443.81M 452.18M 339.52M 335.22M 178.62M 60.97M 56.42M 20.67M 33.61M 34.21M 29.27M 28.26M 25.70M
Total Liabilities & Equity 336.84M 364.79M 8,859.36M 57,738.86M 55,345.30M 71,222.89M 63,189.87M 63,492.43M 33,354.16M 32,513.11M 28,415.17M 22,716.72M 20,956.19M 20,499.74M 14,919.12M 2,100.15M 1,674.36M 965.13M 838.96M 895.36M 634.99M 558.93M 263.88M 123.48M 107.51M 42.15M 59.74M 50.39M 61.01M 55.53M 39.02M
Tangible Assets 944.62M 746.33M 10,170.71M 55,074.31M 51,490.64M 57,001.26M 49,533.01M 42,862.41M 20,887.72M 29,557.49M 22,722.07M 17,020.03M 12,817.87M 9,113.25M 10,911.88M 2,773.30M 2,417.51M 1,447.46M 951.15M 1,394.68M 1,014.32M 660.40M 434.75M 171.55M 151.36M 90.27M 109.05M 77.39M 76.76M 73.09M 73.10M
Tangible Equity 29.52M 186.13M 1,731.69M 4,467.80M 3,052.58M 10,119.95M 8,781.85M 12,691.97M 12,753.86M 10,857.72M 7,173.92M 6,319.96M 6,711.82M 7,147.59M 4,435.30M 378.14M 405.17M 251.05M 356.28M 377.49M 279.63M 320.65M 168.15M 57.67M 54.54M 20.01M 33.38M 34.13M 29.12M 28.18M 25.59M
Tangible Book Value 29,518,909.64 186,130,988.90 1,731,685,916.47 4,467,796,074.38 3,052,583,049.20 10,119,951,710.14 8,781,851,207.43 12,691,973,982.71 12,753,862,963.96 10,857,719,067.72 7,173,923,694.44 6,319,959,818.16 6,711,815,482.75 7,147,592,874.19 4,435,296,093.88 378,144,147.84 405,172,994.82 251,051,414.35 356,283,355.74 377,489,090.56 279,631,238.94 320,654,538.28 168,147,102.76 57,674,295.87 54,541,104.21 20,009,963.87 33,378,073.87 34,127,663.85 29,119,812.31 28,180,177.75 25,591,784.17
Total Investments 288.93M 335.29M 4,207.10M 5,613.46M 4,611.88M 6,772.58M 5,041.82M 5,242.34M 4,352.97M 4,973.59M 4,287.26M 3,693.26M 4,690.45M 4,012.40M 5,021.74M 1,954.97M 1,913.27M 942.23M 481.75M 788.96M 720.84M 511.36M 464.55M 167.99M 129.57M 68.03M 98.54M 71.53M 61.82M 75.40M 82.57M
Net Debt 180.23M 99.44M 2,289.00M 6,422.55M 9,622.12M 16,410.48M 10,220.72M 10,629.15M 13,761.56M 10,181.30M 14,870.33M 10,180.30M 7,894.40M 7,517.60M 5,943.04M 417.03M 229.00M 51.74M 109.84M 42.98M -50.29M -2.09M -54.08M -2.84M 0.92M -7.86M -8.40M -1.80M 14.34M 10.59M 2.20M

Industry Capital Metrics

Metric MRQ 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
Working Capital 11.19M 76.75M 1,913.91M 17,910.63M 5,333.57M 7,363.20M 539.68M -593.99M -1,107.15M 2,170.09M -6,659.92M -5,132.01M -643.46M 307.90M 702.81M 720.64M 733.13M 738.52M 100.95M 286.63M 335.46M 326.25M 141.65M 37.08M 48.68M 41.33M 47.94M 32.35M 29.65M 20.67M 15.00M
Total Capital 1,142.56M 964.02M 9,809.84M 39,273.95M 48,567.51M 51,140.47M 41,402.25M 41,046.48M 28,327.58M 25,827.63M 25,965.01M 25,470.70M 26,349.18M 26,108.41M 25,143.77M 2,733.58M 2,710.85M 1,739.57M 1,166.25M 1,893.82M 1,587.29M 1,138.63M 1,032.69M 556.77M 376.23M 274.68M 286.54M 195.44M 195.67M 193.45M 172.87M
Capital Employed 1,445.71M 1,314.60M 23,276.93M 127,940.21M 125,473.69M 154,392.24M 151,088.56M 149,609.05M 143,593.32M 123,908.62M 119,676.90M 117,126.51M 97,379.75M 92,681.51M 90,179.91M 6,450.70M 5,690.84M 3,342.91M 1,790.84M 3,022.60M 2,697.35M 2,219.90M 1,856.85M 1,003.74M 642.42M 289.56M 384.00M 235.80M 226.92M 239.08M 209.73M
Invested Capital 1,091.11M 914.20M 8,570.32M 34,383.64M 43,929.52M 44,974.37M 37,204.47M 37,025.33M 25,569.43M 18,982.87M 23,556.41M 22,914.64M 23,220.18M 23,358.17M 22,086.13M 2,227.22M 2,289.90M 1,417.31M 1,013.19M 1,642.70M 1,331.36M 987.06M 926.04M 530.18M 357.66M 253.80M 259.67M 181.83M 182.59M 182.62M 165.43M

Industry Cash Flow

Metric TTM 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
Depreciation & Amortization 23.50M 1.53M 82.57M 1,233.22M 1,217.94M 1,141.63M 1,108.83M 1,066.79M 1,002.71M 961.28M 965.71M 921.94M 942.36M 887.53M 729.22M 38.56M 32.61M 34.65M 15.66M 26.76M 39.94M 35.74M 19.34M 9.67M 7.70M 4.76M 2.35M 3.28M 1.83M 4.00M 1.96M
Deferred Income Tax 0.00M 0.00M 0.00M 0.00M 61.32M 104.12M -41.33M -20.75M 52.96M 112.25M 36.15M -26.49M 8.93M 26.96M 28.93M 0.00M 0.00M 0.00M -0.61M 0.00M 0.08M 0.11M 0.03M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Stock-Based Compensation 4.41M 0.11M 16.91M 133.50M 114.34M 107.20M 84.64M 95.20M 9.47M 86.11M 75.43M 68.35M 63.39M 55.62M 51.85M 4.92M 5.31M 1.20M 0.13M 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 17.03M 0.19M 20.50M 89.71M -31.73M -474.43M 85.79M -261.29M -361.11M -965.66M -488.15M -102.48M -52.51M -601.80M -194.59M -6.00M -19.67M 4.13M -5.66M 16.03M -7.39M 16.99M 7.31M 0.79M -0.30M 0.87M -1.61M 0.12M 0.63M 2.85M 1.65M
Accounts Receivable 3.30M 0.04M -0.31M 12.10M -49.14M -199.16M -23.32M -24.05M -127.21M -244.62M -51.41M -0.71M -110.66M -172.54M -31.25M -0.58M -2.14M 0.00M 0.00M 0.00M -1.86M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Inventory 0.00M 0.00M 0.00M -0.26M -19.48M -6.00M 0.00M 0.00M -0.26M -0.33M 0.00M 0.00M -0.01M 0.00M 0.00M -0.12M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.20M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Accounts Payable 1.09M 0.30M 1.98M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 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 6.43M 0.38M 19.00M 231.31M 10.93M -168.09M 494.47M -200.81M 65.85M -168.95M 71.98M -224.44M 77.19M -16.29M 0.00M -8.84M -17.08M -10.87M -12.46M 1.50M -6.50M 0.34M -1.02M -0.68M -0.30M -0.02M -0.05M -0.11M -0.13M 0.07M 0.00M
Other Non-Cash Items -86.23M -6.80M -181.92M -365.71M 3,984.49M -41.58M 63.52M 515.97M 262.44M 25.70M 370.66M 976.23M -137.15M 115.73M -269.05M -13.64M -64.16M -13.15M 5.02M -93.13M -183.14M -43.48M -27.72M -0.81M 10.42M 4.95M -2.54M -2.32M 0.50M -11.31M -10.42M
Net Cash from Operating Activities 246.92M 47.23M 581.23M 2,125.85M 3,125.41M 4,510.00M 1,574.22M 1,558.83M 4,351.23M 987.05M 4,549.80M 4,160.64M 3,741.33M 2,835.96M 1,273.48M 358.06M 250.00M 137.13M 108.22M 224.25M 158.87M 157.85M 98.34M 53.57M 21.05M 19.75M 10.31M 24.85M 18.14M 44.66M 29.04M
Capital Expenditures (PPE) -20.19M -0.70M -61.67M -250.24M -289.92M -280.35M -232.13M -243.59M -213.17M -175.73M -173.01M -205.22M -146.51M -136.16M -123.19M -26.63M -29.59M -20.06M -21.02M -28.91M -30.12M -18.71M -17.10M -7.19M -4.40M -4.37M -3.37M -2.29M -2.12M -3.28M -2.19M
Acquisitions (Net) 0.00M 0.00M -5.96M -82.34M -96.15M -93.33M -57.08M -56.78M -40.94M -30.78M -74.06M -30.49M -18.88M -25.20M 0.00M -5.90M -13.25M -1.13M -4.19M -8.02M -2.78M -0.70M -2.44M -0.38M -0.20M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Purchases of Investments -454.47M -141.79M -979.74M -210.13M -43.20M -328.44M -138.25M -120.75M -110.27M -148.83M -107.02M -69.19M -53.61M -49.61M -37.79M -250.58M -212.40M -120.92M -73.70M -242.50M -109.45M -59.73M -106.75M -20.90M -12.10M -7.03M -8.92M -11.25M -9.37M -14.26M -7.05M
Sales / Maturities of Investments 410.01M 130.48M 1,048.51M 221.09M 98.99M 374.88M 149.75M 99.30M 101.15M 81.24M 128.91M 103.45M 100.71M 67.39M 74.09M 189.38M 277.81M 129.98M 56.08M 242.32M 138.43M 94.56M 57.63M 13.66M 8.22M 3.75M 9.99M 2.65M 5.06M 5.24M 2.78M
Other Investing Activities -5.65M 1.87M -46.02M -347.14M -539.75M -781.98M -612.16M -513.40M -1,910.55M 92.74M -484.79M -20.42M -455.33M -450.15M -496.85M 1.67M 7.35M 13.71M -2.39M -1.65M -3.28M 3.77M -4.12M -0.69M 1.61M 1.34M -0.65M -0.14M -1.62M 0.15M 0.09M
Net Cash from Investing Activities -97.84M -3.65M -279.77M -1,741.05M -3,930.62M -3,814.21M -4,039.56M -4,026.11M -4,583.32M -2,116.65M -5,796.11M -859.65M -2,320.20M -3,728.36M -3,173.29M -61.96M -100.64M -47.59M -40.88M -116.65M -51.33M -54.02M -96.13M -18.58M -14.46M -9.16M -5.90M -13.30M -10.56M -18.52M -3.29M
Net Debt Issuance 64.53M 13.41M 221.62M 70.20M 97.61M 78.99M 109.47M 39.53M 23.03M 77.13M 0.00M 7.40M 40.22M 0.00M 0.00M -17.62M -0.05M -22.50M 6.06M 60.03M 8.31M 25.13M 2.51M -0.79M 3.35M 0.60M 0.86M 0.81M 0.34M 15.19M 0.13M
Long-Term Debt Issuance 49.81M 12.04M 249.25M 113.28M 113.38M 81.60M 118.04M 44.21M 46.50M 79.67M 33.23M 27.93M 23.36M 0.00M 0.00M -29.41M -7.99M 2.46M 2.86M 69.62M 6.73M 21.74M -2.90M -0.67M 2.07M 0.60M 1.54M 0.46M 0.35M 5.48M 0.13M
Short-Term Debt Issuance 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Net Stock Issuance -37.23M -6.61M -101.27M -53.38M -44.15M -35.64M -12.92M -43.97M -21.59M -6.51M -3.12M -13.67M -1.63M -1.69M -0.56M -11.08M -7.49M 0.53M -1.83M -15.15M -5.05M -3.60M 5.89M 1.08M 0.19M 0.08M 0.55M 0.58M 1.65M 1.21M 0.16M
Common Stock Issuance 3.23M 1.35M 4.22M 2.52M 6,989.48M 743.01M 251.15M 7,425.30M 9,640.59M 2,615.45M 2,562.31M 2,312.62M 1,858.95M 2,450.41M 4,697.43M 4.47M 10.94M 23.71M 7.05M 29.42M 28.47M 8.38M 19.79M 1.08M 1.11M 0.52M 0.90M 1.31M 2.62M 1.58M 0.31M
Common Stock Repurchased -40.40M -12.04M -99.28M -411.93M -534.93M -460.63M -348.17M -559.39M -348.79M -246.64M -234.08M -334.64M -539.40M -318.64M -160.51M -18.37M -12.03M -7.20M -8.39M -25.96M -19.76M -17.98M -20.76M -0.04M -0.03M -0.04M -0.02M 0.00M -0.01M 0.00M 0.00M
Preferred Stock Issuance 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 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 -141.27M -39.96M -291.87M -956.89M -760.45M -659.42M -486.28M -690.62M -163.22M -818.25M -726.26M -534.39M -329.06M -428.62M -300.72M -96.27M -90.36M -78.48M -66.10M -94.47M -51.52M -33.90M -29.54M -19.43M -4.12M -2.40M -2.14M -2.00M -2.59M -2.24M -1.52M
Common Dividends Paid -114.46M -32.22M -268.86M -949.98M -753.75M -651.89M -478.02M -687.43M -162.58M -815.83M -715.38M -525.02M -318.66M -427.90M -300.48M -96.64M -81.39M -67.22M -59.73M -83.01M -48.74M -38.75M -29.51M -19.22M -4.10M -2.40M -2.14M -1.99M -2.59M -2.24M -1.52M
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
Other Financing Activities -4.92M -1.39M -9.30M -56.46M -389.27M 2,801.90M 1,019.02M 304.90M 96.87M 1,472.36M 766.67M 331.56M 480.03M 655.23M 1,006.27M 3.56M 21.25M -10.40M 5.23M 36.11M 19.29M 2.85M -5.53M 1.16M -0.52M 1.06M 1.56M 0.09M -1.52M -0.56M -1.00M
Net Cash from Financing Activities -108.42M -47.17M -107.78M -510.56M -492.35M 764.01M 1,047.16M 426.88M -7.20M 3,298.62M 886.83M 53.86M 384.70M 338.60M 572.49M -127.70M -77.57M -89.00M -25.52M 70.20M 63.57M 13.39M -14.29M -16.77M -3.61M -0.70M 5.03M 1.10M 5.01M 11.24M -0.62M
Effect of FX on Cash -12.19M -0.08M -2.67M 10.45M -34.41M -22.77M 10.15M 1.08M -16.00M 29.37M -11.25M -22.30M -35.52M -3.03M 94.41M -0.26M -0.21M -0.02M -0.02M 0.27M -0.19M 0.21M -0.02M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Net Change in Cash -64.90M 6.81M 94.28M 156.93M -324.35M 516.03M 1,485.51M 215.80M -408.94M 773.10M 469.16M -166.34M 64.62M -338.26M 315.12M 25.09M 15.49M 3.92M 12.60M 51.26M 41.93M 60.60M 9.51M 21.38M -5.46M -0.03M 10.42M 7.22M 3.08M 11.80M 14.07M
Cash at Beginning of Period 1,009.48M 41.04M 1,104.69M 5,828.26M 6,772.17M 5,606.60M 4,293.21M 4,325.03M 7,229.98M 4,648.76M 3,873.25M 3,649.26M 2,792.67M 3,902.77M 1,629.49M 435.37M 515.10M 464.27M 344.44M 357.14M 425.00M 326.83M 200.15M 71.01M 47.50M 25.77M 15.87M 13.96M 11.15M 6.74M 5.47M
Cash at End of Period 46.71M 53.19M 1,194.17M 6,119.05M 4,384.69M 7,125.90M 5,592.82M 4,287.80M 4,624.47M 7,015.45M 4,736.58M 3,842.03M 3,679.02M 2,801.69M 3,843.77M 485.11M 538.34M 669.49M 298.06M 476.18M 469.37M 407.03M 262.43M 107.63M 34.67M 32.39M 39.20M 28.51M 25.53M 26.31M 19.94M
Operating Cash Flow 246.98M 46.25M 562.23M 2,125.85M 3,125.41M 4,510.00M 1,574.22M 1,558.83M 4,351.23M 987.05M 4,549.80M 4,160.88M 3,741.85M 2,835.96M 1,273.48M 358.06M 250.00M 130.39M 117.47M 196.90M 125.60M 152.35M 98.21M 53.57M 21.05M 19.75M 10.31M 24.85M 18.14M 44.66M 29.04M
Capital Expenditure -22.06M -0.89M -71.69M -251.61M -284.01M -280.60M -232.32M -243.59M -214.26M -176.09M -173.48M -205.89M -146.97M -136.66M -123.57M -26.65M -29.60M -20.06M -20.66M -33.61M -29.22M -18.79M -17.60M -7.19M -4.40M -4.37M -3.37M -2.29M -2.14M -3.28M -2.19M
Free Cash Flow 173.01M 44.91M 405.69M 1,734.34M 2,382.85M 3,110.36M 1,307.74M 1,419.63M 2,637.92M 699.59M 3,406.31M 2,460.86M 2,039.77M 1,315.90M 940.25M 286.87M 188.95M 91.20M 85.91M 149.71M 90.37M 105.34M 65.66M 43.82M 12.63M 2.55M 7.88M 20.81M 14.02M 27.71M 21.86M

Industry Free Cash Flow

Metric TTM 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
EBITDA 302.94M 78.94M 752.31M 1,364.62M 1,212.02M 2,558.81M 1,180.95M 1,793.62M 947.04M 1,395.94M 1,266.79M 1,009.92M 1,531.85M 1,089.89M 1,103.17M 329.48M 354.65M 211.94M 92.78M 239.85M 246.52M 173.32M 119.55M 77.61M 25.37M 30.89M 45.43M 51.10M 30.02M 56.17M 53.72M
(-) Tax Adjustment 43.91M 6.15M 101.19M 141.54M 577.58M 203.82M 272.26M 226.78M 186.57M 177.61M 262.20M 274.39M 177.63M 172.23M 126.88M 62.59M 43.10M 20.83M 31.41M 29.29M 27.79M 22.21M 15.72M 8.81M 50.74M 30.05M 15.19M 9.03M 6.50M 9.56M 8.98M
(-) Change In Working Capital 17.03M 0.19M 20.50M 89.71M -31.73M -474.43M 85.79M -261.29M -361.11M -965.66M -488.15M -102.48M -52.51M -601.80M -194.59M -6.00M -19.67M 4.13M -5.66M 16.03M -7.39M 16.99M 7.31M 0.79M -0.30M 0.87M -1.61M 0.12M 0.63M 2.85M 1.65M
(-) Capital Expenditure 22.06M 0.89M 71.69M 251.61M 284.01M 280.60M 232.32M 243.59M 214.26M 176.09M 173.48M 205.89M 146.97M 136.66M 123.57M 26.65M 29.60M 20.06M 20.66M 33.61M 29.22M 18.79M 17.60M 7.19M 4.40M 4.37M 3.37M 2.29M 2.14M 3.28M 2.19M
Unlevered Free Cash Flow 219.94M 71.72M 558.93M 881.76M 382.17M 2,548.82M 590.58M 1,584.53M 907.31M 2,007.90M 1,319.26M 632.13M 1,259.75M 1,382.80M 1,047.31M 246.24M 301.62M 166.92M 46.38M 160.92M 196.90M 115.33M 78.92M 60.81M -29.47M -4.40M 28.48M 39.65M 20.74M 40.48M 40.90M
(-) Net Interest Income After Taxes -11.46M 4.91M -29.41M 57.08M 46.11M 75.45M 50.70M 81.32M 57.69M 50.14M 39.75M 30.21M 37.06M 37.19M 54.69M -35.09M -17.24M -2.04M -3.60M -6.89M -2.92M -4.72M -3.34M -3.41M 1.49M -0.02M -0.74M -2.51M -1.13M -5.88M -7.02M
Net Debt Issuance 64.53M 13.41M 221.62M 70.20M 97.61M 78.99M 109.47M 39.53M 23.03M 77.13M 0.00M 7.40M 40.22M 0.00M 0.00M -17.62M -0.05M -22.50M 6.06M 60.03M 8.31M 25.13M 2.51M -0.79M 3.35M 0.60M 0.86M 0.81M 0.34M 15.19M 0.13M
Levered Free Cash Flow 295.93M 80.22M 809.96M 894.87M 433.67M 2,552.36M 649.35M 1,542.74M 872.65M 2,034.88M 1,279.51M 609.32M 1,262.91M 1,345.61M 992.62M 263.70M 318.80M 146.46M 56.03M 227.84M 208.13M 145.18M 84.76M 63.44M -27.60M -3.78M 30.08M 42.97M 22.22M 61.56M 48.04M