UNIVERSAL DISPLAY CORP \PA\ (OLED)
Universal Display Corporation is dedicated to the investigation, advancement, and market deployment of organic light-emitting diode (OLED) innovations and their constituent materials, primarily for use in display and solid-state illumination applications. The company safeguards its intellectual property with a vast global portfolio of roughly 5,500 patents, encompassing both granted and pending applications, which it either owns outright, licenses exclusively, or holds sole sublicensing authority over. Manufacturers of displays, lighting, and other goods procure its specialized UniversalPHOLED materials. Beyond these core offerings, Universal Display actively cultivates and commercializes a diverse array of other OLED device and production methodologies. Notable among these are FOLED (flexible OLEDs for crafting devices on pliable substrates), OVJP (an organic vapor jet printing technique), thin-film encapsulation (critical for packaging flexible OLEDs and other thin-film components, as well as serving as a protective barrier for plastic bases), and UniversalP2OLED (phosphorescent OLEDs designed for printing). The corporation also extends technology development and support services, collaborating with and assisting external entities in launching their OLED products. Furthermore, it undertakes contract research initiatives, delving into the synthesis, development, and commercialization of chemical materials for uses outside the OLED domain. Established in 1985, Universal Display Corporation maintains its primary corporate offices in Ewing, New Jersey.
Sector: Electronic Components & Accessories
Industry: Hardware, Equipment & Parts
Universal Display Corporation
NASDAQ:OLEDTechnology · Hardware, Equipment & Parts
PrePre-market-0.52%$87.85
Close$88.310.00%AH$88.31-0.52%Now$87.85
Close$88.31+1.35%AH$88.31-0.52%since
Mkt Cap$3.98B
Float42.21M
O/S45.02M
Inst Own96.8%
SI10.5%
Div Yield2.21%
Dilution
Financials Summary
Revenue$650.61M
Net Income$242.07M
Total Assets$1.96B
Free Cash Flow$144.36M
Debt & Equity
Debt 1%
Equity 99%
Preferred 0%
Total Debt$19.22M
Total Equity$1.76B
Preferred Stock$2K
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in OLED's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$1.96B
Liabilities$202.74M
Accounts Receivable$119.95M
Accounts Payable$23.34M
Inventory$240.91M
PP&E (Net)$234.87M
Goodwill$15.54M
Intangible Assets$60.8M
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 | FY 2005 | FY 2004 | FY 2003 | FY 2002 | FY 2001 | FY 2000 | FY 1999 | FY 1998 | FY 1997 | FY 1996 | FY 1995 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 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 |
| Revenue | $650.61M | $647.68M | $576.43M | $616.62M | $553.52M | $428.87M | $405.18M | $247.41M | $335.63M | $198.89M | $191.05M | $191.03M | $146.64M | $83.24M | $61.29M | $30.54M | $15.79M | $11.08M | $11.31M | $11.92M | $10.15M | $7.01M | $6.59M | $2.45M | $1.25M | $493K | $520K | $400K | $100K | $100K | $100K |
| YoY Growth | 0.5% | 12.4% | -6.5% | 11.4% | 29.1% | 5.8% | 63.8% | -26.3% | 68.8% | 4.1% | 0.0% | 30.3% | 76.2% | 35.8% | 100.7% | 93.5% | 42.5% | -2.0% | -5.2% | 17.5% | 44.8% | 6.3% | 169.6% | 95.2% | 154.3% | -5.2% | 29.9% | 300.0% | 0.0% | 0.0% | - |
| Cost of Revenue | $154.13M | $148.46M | $135.38M | $127.9M | $114.99M | $85.48M | $75.37M | $53.54M | $54.7M | $26.29M | $63M | $41.31M | $28.89M | $4.53M | $3.73M | $888K | $374K | $912K | $1.2M | $1.04M | $110K | $155K | $111K | $0 | $0 | -$1.05M | -$56K | -$28K | -$27K | $0 | $0 |
| Gross Profit | $496.49M | $499.22M | $441.05M | $488.72M | $438.53M | $343.39M | $329.8M | $193.87M | $280.93M | $172.6M | $128.05M | $149.72M | $117.75M | $78.72M | $57.56M | $29.66M | $15.41M | $10.16M | $10.11M | $10.88M | $10.04M | $6.85M | $6.48M | $0 | $0 | $1.54M | $576K | $397K | $121K | $0 | $0 |
| Gross Margin | 76.3% | 77.1% | 76.5% | 79.3% | 79.2% | 80.1% | 81.4% | 78.4% | 83.7% | 86.8% | 67.0% | 78.4% | 80.3% | 94.6% | 93.9% | 97.1% | 97.6% | 91.8% | 89.4% | 91.2% | 98.9% | 97.8% | 98.3% | - | - | 313.3% | 110.8% | 99.2% | 121.0% | - | - |
| Research and Development | $146.1M | $157.19M | $130.48M | $117.06M | $99.67M | $83.89M | $71.28M | $53.72M | $49.14M | $42.74M | $44.64M | $41.15M | $34.22M | $30.03M | $24.13M | $21.7M | $20.02M | $22.26M | $20.91M | $19.86M | $19.18M | $16.65M | $17.9M | $15.8M | $12.39M | $7.11M | $3.17M | $1.4M | $4.2M | $900K | $0 |
| Selling, General, and Administrative | $74.32M | $74.29M | $67.39M | $77.89M | $80.37M | $61.35M | $59.61M | $47M | $46.81M | $32.88M | $29.05M | $28.14M | $24.75M | $19.55M | $26.38M | $18.19M | $14.56M | $10.17M | $9.57M | $8.9M | $8.32M | $7.4M | $6.12M | $4.75M | $3.92M | $3.26M | $2.73M | $1.9M | $2M | $900K | $3.1M |
| Other | $27.49M | $28.95M | $26M | $26.66M | $30.84M | $40.62M | $40.57M | $36.42M | $38.73M | $28.57M | $22.09M | $21.81M | $20.55M | $15.46M | $8.8M | $5.15M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $290K | $0 | $1.05M | $56K | $28K | $27K | $0 | $0 |
| Total Operating Expenses | $247.91M | $260.42M | $223.86M | $221.61M | $210.89M | $185.86M | $171.46M | $137.14M | $134.68M | $104.19M | $95.77M | $91.1M | $79.51M | $65.04M | $51.87M | $39.88M | $35.68M | $32.83M | $30.48M | $28.77M | $27.5M | $24.05M | $24.01M | $20.85M | $16.3M | $11.42M | $5.96M | $3.38M | $6.22M | $1.8M | $3.1M |
| Operating Income (EBIT) | $248.58M | $238.8M | $217.19M | $267.11M | $227.64M | $157.53M | $158.34M | $56.73M | $146.25M | $68.41M | $32.28M | $58.62M | $38.24M | $13.68M | $5.69M | -$10.23M | -$20.27M | -$22.66M | -$20.37M | -$17.89M | -$17.46M | -$17.2M | -$17.53M | -$18.36M | -$15.05M | -$9.88M | -$5.38M | -$2.9M | -$6.1M | -$1.7M | -$3M |
| Operating Margin | 38.2% | 36.9% | 37.7% | 43.3% | 41.1% | 36.7% | 39.1% | 22.9% | 43.6% | 34.4% | 16.9% | 30.7% | 26.1% | 16.4% | 9.3% | -33.5% | -128.4% | -204.6% | -180.2% | -150.1% | -172.1% | -245.5% | -265.9% | -751.0% | -1201.1% | -2004.6% | -1035.5% | -725.0% | -6100.0% | -1700.0% | -3000.0% |
| Interest Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $47K | $48K | $50K | $28K | $7K | $47K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Interest Income | $39.71M | $40.68M | $28.17M | $7.81M | $505K | $5.14M | $10.79M | $7.66M | $3.29M | $2.11M | $783K | $707K | $811K | $1.24M | $994K | $279K | $670K | $2.61M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | $46.22M | $33.33M | $27.98M | $1.12M | $603K | $6M | $11.56M | $7.58M | $3.29M | $185K | $783K | $707K | $764K | $1.19M | -$3.25M | -$9.83M | -$368K | $2.56M | $3.59M | $2.16M | $1.23M | $812K | $16K | -$10.04M | -$1.31M | $0 | $0 | $285K | $201K | $100K | $3M |
| Income Before Tax (EBT) | $294.8M | $272.13M | $245.17M | $268.23M | $228.25M | $163.53M | $169.91M | $64.31M | $149.54M | $68.6M | $33.06M | $59.33M | $39.01M | $14.87M | $2.44M | -$20.05M | -$20.64M | -$20.1M | -$16.78M | -$15.73M | -$16.23M | -$16.39M | -$17.52M | -$28.4M | -$16.36M | $0 | $0 | -$2.7M | -$5.9M | -$1.6M | $0 |
| Income Tax Expense | $52.72M | $50.05M | $42.16M | $58.17M | $44.03M | $30.16M | $31.6M | $5.47M | $45.65M | $20.53M | $18.38M | $17.47M | -$35.04M | $5.21M | -$714K | -$134K | -$130K | -$962K | -$805K | -$545K | -$424K | -$613K | -$178K | $12.66M | $0 | -$349K | -$255K | $100K | $0 | $200K | $3.1M |
| Net Income | $242.07M | $222.08M | $203.01M | $210.06M | $184.21M | $133.37M | $138.3M | $58.84M | $103.89M | $48.07M | $14.68M | $41.85M | $74.05M | $9.66M | $3.16M | -$19.92M | -$20.51M | -$19.14M | -$15.98M | -$15.19M | -$15.8M | -$15.78M | -$17.35M | -$31.02M | -$16.36M | -$9.53M | -$5.13M | -$2.8M | -$5.9M | -$1.8M | -$3.1M |
| Net Income Margin | 37.2% | 34.3% | 35.2% | 34.1% | 33.3% | 31.1% | 34.1% | 23.8% | 31.0% | 24.2% | 7.7% | 21.9% | 50.5% | 11.6% | 5.1% | -65.2% | -129.9% | -172.8% | -141.3% | -127.4% | -155.7% | -225.2% | -263.2% | -1268.5% | -1305.5% | -1933.8% | -986.5% | -700.0% | -5900.0% | -1800.0% | -3100.0% |
| Supplementary Data | |||||||||||||||||||||||||||||||
| EPS | 5.09 | 4.66 | 4.25 | 4.41 | 3.87 | 2.80 | 2.92 | 1.26 | 2.19 | 1.02 | 0.31 | 0.90 | 1.61 | 0.21 | 0.07 | -0.53 | -0.56 | -0.53 | -0.47 | -0.49 | -0.56 | -0.59 | -0.77 | -1.61 | -0.96 | -0.62 | -0.42 | -0.27 | -0.63 | -0.21 | -0.39 |
| Diluted EPS | 5.08 | 4.65 | 4.24 | 4.40 | 3.87 | 2.80 | 2.92 | 1.25 | 2.18 | 1.02 | 0.31 | 0.90 | 1.59 | 0.21 | 0.07 | -0.53 | -0.56 | -0.53 | -0.47 | -0.49 | -0.56 | -0.59 | -0.77 | -1.61 | -0.96 | -0.62 | -0.42 | -0.27 | -0.63 | -0.21 | -0.39 |
| Weighted Average OS | 47.55M | 47.55M | 47.56M | 47.39M | 47.30M | 47.20M | 46.96M | 46.85M | 46.73M | 46.41M | 46.82M | 46.25M | 45.90M | 45.95M | 43.74M | 37.57M | 36.48M | 35.93M | 33.76M | 30.86M | 28.46M | 26.79M | 22.43M | 19.23M | 16.99M | 15.26M | 12.27M | 10.31M | 9.33M | 8.57M | 8.00M |
| EBITDA | $295.17M | $316.27M | $288.57M | $310.5M | $270.21M | $194.71M | $192.76M | $87.31M | $175.24M | $91.16M | $48.99M | $75.91M | $56.33M | $28.3M | $3.99M | -$17.08M | -$16.86M | -$16.42M | -$17.21M | -$14.52M | -$14.22M | -$14.13M | -$13.73M | -$1.78M | -$10.54M | -$8.83M | -$5.32M | -$2.96M | -$6.07M | -$1.7M | -$3M |
| EBITDA Margin | 45.4% | 48.8% | 50.1% | 50.4% | 48.8% | 45.4% | 47.6% | 35.3% | 52.2% | 45.8% | 25.6% | 39.7% | 38.4% | 34.0% | 6.5% | -55.9% | -106.8% | -148.2% | -152.3% | -121.8% | -140.2% | -201.7% | -208.3% | -72.6% | -841.1% | -1791.2% | -1024.7% | -739.2% | -6073.5% | -1700.0% | -3000.0% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 | FY 2005 | FY 2004 | FY 2003 | FY 2002 | FY 2001 | FY 2000 | FY 1999 | FY 1998 | FY 1997 | FY 1996 | FY 1995 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 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 |
| Assets | |||||||||||||||||||||||||||||||
| Current Assets | |||||||||||||||||||||||||||||||
| Cash and Cash Equivalents | $138.35M | $98.98M | $91.98M | $93.43M | $311.99M | $630.01M | $131.63M | $211.02M | $132.84M | $139.37M | $97.51M | $45.42M | $70.59M | $85.92M | $111.8M | $20.37M | $22.7M | $28.32M | $33.87M | $31.1M | $30.65M | $18.93M | $14.07M | $15.91M | $7.88M | $7.7M | $1.56M | $1.8M | $100K | $600K | $0 |
| Short-Term Investments | $464M | $393.69M | $422.14M | $484.35M | $351.19M | $100M | $514.46M | $304.32M | $287.45M | $188.64M | $297.98M | $243.09M | $202.02M | $158.02M | $234.29M | $52.79M | $41.17M | $49.13M | $49.79M | $17.96M | $17.19M | $26.26M | $12.81M | $4.66M | $4.52M | $2.7M | $4.3M | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $602.36M | $492.67M | $514.12M | $577.77M | $663.19M | $730.01M | $646.09M | $515.35M | $420.29M | $328.01M | $395.49M | $288.51M | $272.61M | $243.94M | $346.09M | $73.16M | $63.87M | $77.45M | $83.66M | $49.06M | $47.84M | $45.19M | $26.88M | $20.57M | $12.4M | $10.41M | $5.86M | $1.8M | $100K | $600K | $0 |
| Accounts Receivable | $119.95M | $113.65M | $139.85M | $92.66M | $107.64M | $82.26M | $60.45M | $43.13M | $52.35M | $24.99M | $24.73M | $22.07M | $15.66M | $8.66M | $10.73M | $7.25M | $3.34M | $2.45M | $2.4M | $2.11M | $1.94M | $2.59M | $806K | $663K | $541K | $312K | $267K | $100K | $100K | $0 | $0 |
| Inventory | $240.91M | $182.94M | $175.79M | $183.22M | $134.16M | $91.59M | $63.95M | $70M | $36.27M | $17.31M | $12.75M | $37.11M | $10.6M | $11.02M | $3.84M | $0 | $641 | $2K | $41K | $31K | $36K | $20K | $33K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $123.84M | $110.58M | $87.36M | $45.79M | $20.95M | $20.75M | $21.95M | $6.37M | $10.28M | $15.05M | $14.71M | $22.82M | $28.19M | $3.93M | $1.65M | $1.99M | $411K | $463K | $674K | $606K | $498K | $238K | $154K | $0 | $15.16M | $205K | $453K | $1M | $5.1M | $2.5M | $0 |
| Total Current Assets | $1.09B | $899.83M | $917.13M | $899.45M | $925.93M | $924.61M | $792.44M | $634.84M | $519.18M | $385.37M | $447.68M | $370.5M | $327.05M | $267.55M | $362.3M | $82.4M | $67.63M | $80.37M | $86.77M | $51.81M | $50.32M | $48.04M | $27.87M | $21.41M | $28.46M | $10.92M | $6.58M | $2.9M | $5.3M | $3.1M | $0 |
| Long-Term Assets | |||||||||||||||||||||||||||||||
| Property, Plant & Equipment Net | $234.87M | $215.11M | $200.06M | $174.93M | $159.45M | $110.86M | $87.87M | $69.74M | $56.45M | $27.2M | $22.41M | $19.92M | $14.89M | $11.81M | $10.88M | $9.71M | $11.05M | $12.86M | $13.53M | $14.07M | $13.55M | $9.55M | $3.53M | $4.62M | $5.3M | $4.63M | $3.68M | $56K | $100K | $100K | $0 |
| Goodwill | $15.54M | $15.54M | $15.54M | $15.54M | $15.54M | $15.54M | $15.54M | $15.54M | $15.54M | $15.54M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $60.8M | $79M | $97.2M | $46.63M | $59.38M | $80.94M | $102.85M | $124.41M | $146.37M | $168.35M | $72.02M | $83.01M | $94.01M | $104.62M | $391K | $0 | $1.23M | $2.93M | $4.62M | $6.32M | $8.01M | $9.71M | $11.4M | $13.1M | $14.79M | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $377.03M | $457.59M | $299.55M | $259.86M | $168.08M | $5M | $5M | $0 | $14.79M | $14.96M | $2.19M | $3.05M | $7.42M | $1.27M | $0 | $0 | $0 | $0 | $0 | $43K | $2M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $79.45M | $78.32M | $59.11M | $58.16M | $33.45M | $37.7M | $30.38M | $24.38M | $27.02M | $15.83M | $14.95M | $12.93M | $19.14M | $0 | $0 | $0 | $0 | $0 | $0 | -$43K | -$2M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $109.01M | $86.95M | $80.38M | $78.25M | $105.1M | $94.59M | $86.09M | $64.53M | $604K | $307K | $174K | $425K | $242K | $277K | $299K | $217K | $227K | $70K | $80K | $133K | $1.93M | $6.6M | $3.39M | $514K | $20K | $16.53M | $58K | $98K | $0 | $100K | $0 |
| Total Long-Term Assets | $876.7M | $932.5M | $751.83M | $633.37M | $540.99M | $344.62M | $327.72M | $298.58M | $260.77M | $242.19M | $111.73M | $119.34M | $135.71M | $117.98M | $11.57M | $9.93M | $12.51M | $15.86M | $18.23M | $20.53M | $23.5M | $25.86M | $18.33M | $18.23M | $20.11M | $21.16M | $3.74M | $200K | $100K | $200K | $0 |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $1.96B | $1.83B | $1.67B | $1.53B | $1.47B | $1.27B | $1.12B | $933.42M | $779.96M | $627.56M | $559.41M | $489.85M | $462.75M | $385.52M | $373.88M | $92.33M | $80.14M | $96.23M | $105M | $72.33M | $73.82M | $73.89M | $46.2M | $39.64M | $48.57M | $32.08M | $10.32M | $3.1M | $5.4M | $3.3M | $0 |
| Liabilities | |||||||||||||||||||||||||||||||
| Current Liabilities | |||||||||||||||||||||||||||||||
| Accounts Payable | $23.34M | $36.59M | $10.93M | $9.52M | $14.96M | $13.8M | $13.3M | $10.53M | $13.77M | $8.11M | $6.85M | $9.26M | $5.26M | $7.6M | $4.78M | $2.16M | $1.28M | $1.59M | $861K | $1.81M | $1.25M | $724K | $437K | $388K | $649K | $816K | $652K | $228K | $300K | $100K | $500K |
| Short-Term Debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $300K | $4K | $5K | $8.29M | $4K | $0 | $0 | $0 | $0 | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $21.01M | $33.07M | $47.71M | $45.6M | $120.86M | $105.22M | $97.33M | $80.78M | $14.98M | $10.28M | $10.11M | $2.47M | $1.91M | $4.27M | $5.53M | $1.29M | $1.4M | $2.74M | $173K | $150K | $2.08M | $917K | $467K | $322K | $1.07M | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $40.25M | $38.46M | $37.55M | $61.33M | $34.33M | $26.69M | $32.15M | $19.61M | $21.05M | $12.8M | $10.05M | $8.85M | $8M | $36K | $5.78M | $14.69M | $6.05M | $6.15M | $7.18M | $7.18M | $3.48M | $1.77M | $1.27M | $1.07M | $450K | $850K | $219K | $267K | $0 | $0 | $100K |
| Total Current Liabilities | $108.01M | $125.41M | $118.82M | $135.7M | $187.94M | $164.96M | $161.51M | $133.18M | $63.82M | $40.21M | $34.51M | $26.82M | $23.23M | $22.3M | $19.52M | $25.04M | $13.97M | $15.77M | $12.79M | $14.38M | $11.97M | $7.4M | $4.19M | $2.87M | $10.46M | $1.67M | $870K | $500K | $300K | $100K | $600K |
| Long-Term Liabilities | |||||||||||||||||||||||||||||||
| Long-Term Debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $4.2M | $0 | $0 | $0 | $13K | $20K | $0 | $0 | $0 | $0 |
| Long-Term Unearned Revenue | $1.94M | $537K | $12.01M | $18.28M | $36.22M | $57.09M | $47.53M | $41.78M | $23.9M | $31.32M | $35.54M | $3.37M | $2.4M | $3.15M | $3.87M | $0 | $0 | $338K | $539K | $600K | $750K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $73.57M | $70.73M | $68.05M | $74.44M | $115.59M | $127.59M | $99.67M | $67.95M | $33.18M | $27.56M | $22.59M | $10.92M | $9.44M | $9.84M | $8.26M | $9.85M | $6.55M | $3.41M | $2.99M | $3.57M | $4.23M | $3.1M | $3.1M | $3.1M | $0 | $570K | $0 | $0 | $0 | $0 | $0 |
| Total Long-Term Liabilities | $94.73M | $90.4M | $102.91M | $121.75M | $179.07M | $191.55M | $147.2M | $109.74M | $57.08M | $58.88M | $58.14M | $14.28M | $11.84M | $12.99M | $12.13M | $9.85M | $6.55M | $3.74M | $2.99M | $3.57M | $4.23M | $7.3M | $3.1M | $3.1M | $9K | $583K | $20K | $0 | $0 | $0 | $0 |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $202.74M | $215.81M | $221.74M | $257.45M | $367M | $356.51M | $308.71M | $242.92M | $120.9M | $99.09M | $92.65M | $41.1M | $35.07M | $35.29M | $31.65M | $34.9M | $20.51M | $19.51M | $15.78M | $17.95M | $16.2M | $14.7M | $7.29M | $5.97M | $10.47M | $2.25M | $890K | $500K | $300K | $100K | $600K |
| Stockholders' Equity | |||||||||||||||||||||||||||||||
| Preferred Stock | $2K | $2K | $2K | $2K | $2K | $2K | $2K | $2K | $2K | $2K | $2K | $2K | $2K | $2K | $2K | $2K | $2K | $2K | $2K | $2K | $2K | $2K | $5K | $5K | $5K | $5K | $2K | $0 | $0 | $0 | $0 |
| Common Stock | $489K | $488K | $487K | $491K | $491K | $490K | $489K | $487K | $485K | $483K | $482K | $471K | $468K | $465K | $461K | $389K | $368K | $361K | $356K | $314K | $295K | $279K | $242K | $215K | $181K | $164K | $137K | $0 | $0 | $0 | $0 |
| Retained Earnings | $1.09B | $934.65M | $789.55M | $653.28M | $500.21M | $353.93M | $249M | $129.55M | $99.13M | -$25.56M | -$73.63M | -$88.31M | -$130.16M | -$204.21M | -$213.87M | -$217.03M | -$197.11M | -$180.47M | -$161.33M | -$145.36M | -$130.17M | -$114.37M | -$98.46M | -$80.07M | -$47.1M | -$28.23M | -$18.7M | -$13.6M | -$10.8M | -$4.9M | -$3.1M |
| Comprehensive Income & Other | $781K | -$1.05M | -$1.09M | -$18.45M | -$18.23M | -$36.02M | -$17M | -$16.23M | -$11.46M | -$10.67M | -$9.82M | -$4.38M | -$4.37M | -$5.7M | -$5.86M | -$6.04M | $26K | $126K | -$50K | -$83K | -$121K | -$97K | -$39K | -$19K | -$4K | -$714K | -$124K | -$100K | $0 | $0 | $0 |
| Other Stockholders' Equity | $670.05M | $681.38M | $657.19M | $621.6M | $599.21M | $558.29M | $561.96M | $560.47M | $559.44M | $553.54M | $539.91M | $536.58M | $557.38M | $553.98M | $555.64M | $274.07M | $256.37M | $256.83M | $250.19M | $199.43M | $187.49M | $173.28M | $137.13M | $113.53M | $85.02M | $57.89M | $27.99M | $16.2M | $15.9M | $8.1M | $2.5M |
| Total Equity | $1.76B | $1.62B | $1.45B | $1.28B | $1.1B | $912.71M | $811.45M | $690.51M | $659.05M | $528.47M | $466.76M | $448.74M | $427.69M | $350.24M | $342.23M | $57.43M | $59.63M | $76.71M | $89.22M | $54.38M | $57.62M | $59.19M | $38.91M | $33.67M | $38.1M | $29.83M | $9.43M | $2.6M | $5.1M | $3.2M | -$600K |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $1.96B | $1.83B | $1.67B | $1.53B | $1.47B | $1.27B | $1.12B | $933.42M | $779.96M | $627.56M | $559.41M | $489.85M | $462.75M | $385.52M | $373.88M | $92.33M | $80.14M | $96.23M | $105M | $72.33M | $73.82M | $73.89M | $46.2M | $39.64M | $48.57M | $32.08M | $10.32M | $3.1M | $5.4M | $3.3M | $0 |
| Supplementary Data | |||||||||||||||||||||||||||||||
| Total Debt | $19.22M | $19.14M | $22.86M | $29.04M | $27.26M | $6.88M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $4.5M | $4K | $9K | $8.3M | $17K | $20K | $0 | $0 | $0 | $0 |
| Net Debt | -$119.14M | -$79.84M | -$69.13M | -$64.39M | -$284.73M | -$623.13M | -$131.63M | -$211.02M | -$132.84M | -$139.37M | -$97.51M | -$45.42M | -$70.59M | -$85.92M | -$111.8M | -$20.37M | -$22.7M | -$28.32M | -$33.87M | -$31.1M | -$30.65M | -$14.43M | -$14.07M | -$15.9M | $418K | -$7.68M | -$1.54M | -$1.83M | -$100K | -$600K | $0 |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 | FY 2005 | FY 2004 | FY 2003 | FY 2002 | FY 2001 | FY 2000 | FY 1999 | FY 1998 | FY 1997 | FY 1996 | FY 1995 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 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 |
| Operating Activities | |||||||||||||||||||||||||||||||
| Net Income | $242.07M | $222.08M | $203.01M | $210.06M | $184.21M | $133.37M | $138.3M | $58.84M | $103.89M | $48.07M | $14.68M | $41.85M | $74.05M | $9.66M | $3.16M | -$19.92M | -$20.51M | -$19.14M | -$15.98M | -$15.19M | -$15.8M | -$15.78M | -$17.35M | -$31.02M | -$16.36M | -$9.53M | -$5.13M | -$2.8M | -$5.9M | -$1.8M | -$3.1M |
| Depreciation & Amortization | $46.59M | $44.14M | $43.4M | $42.27M | $41.96M | $37.19M | $34.42M | $30.57M | $26.9M | $20.76M | $14.09M | $13.07M | $13.02M | $6.85M | $1.5M | $2.94M | $3.76M | $3.64M | $3.16M | $3.37M | $3.24M | $3.07M | $3.8M | $16.59M | $4.51M | $1.05M | $56K | $28K | $27K | $0 | $0 |
| Deferred Income Tax | -$1.04M | -$19.12M | -$3.77M | -$26.95M | $1.75M | -$4.45M | -$5.78M | -$12.81M | $24.4M | $3.09M | $7.14M | $9.11M | -$41.42M | $822K | -$1.49M | $6.04M | $605K | -$3.66M | -$2.73M | -$2.44M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $28.23M | $30.03M | $24.11M | $29.95M | $36.27M | $28.28M | $17.7M | $16.8M | $14.89M | $13.09M | $10.46M | $8.27M | $6.89M | $5.04M | $5.76M | $5.93M | $3.92M | $3.66M | $2.73M | $2.44M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | |||||||||||||||||||||||||||||||
| Accounts Receivable | -$6.3M | $26.2M | -$47.19M | $14.97M | -$25.38M | -$21.81M | -$17.32M | $9.23M | -$27.36M | $1.21M | -$2.65M | -$6.42M | -$7M | $2.07M | -$3.48M | -$3.9M | -$894K | -$55K | -$282K | -$169K | $644K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | -$57.97M | -$7.14M | $7.42M | -$49.06M | -$46.12M | -$28.75M | $109K | -$37.37M | -$18.95M | -$4.46M | -$8.64M | -$26.51M | $424K | -$7.17M | -$3.84M | $342K | $2K | $39K | -$11K | $6K | -$16K | $13K | -$33K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $0 | $10.36M | $4.05M | $3.34M | $10.42M | -$5.22M | -$582K | -$27.84M | $16.42M | $4.36M | $790K | $3.06M | $3.61M | $4.72M | $6.77M | $2.39M | -$211K | $621K | -$1.82M | $245K | $3.22M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | -$35.25M | -$54.72M | -$67.79M | -$103.55M | $201.48M | $192.37M | $157.32M | $151.32M | $2.3M | $3.72M | $51.09M | $7.96M | $85K | $1.05M | $4.87M | $803K | $1.53M | $2.51M | -$608K | $1.01M | $3.75M | -$4K | $1.34M | $3.55M | $128K | $709K | $264K | $200K | $100K | -$600K | $0 |
| Total Working Capital Change | -$99.53M | -$25.3M | -$103.5M | -$134.3M | $140.4M | $136.59M | $139.53M | $95.34M | -$27.59M | $4.83M | $40.59M | -$21.91M | -$2.88M | $665K | $4.32M | -$371K | $423K | $3.11M | -$2.72M | $1.09M | $7.59M | $9K | $1.31M | $3.55M | $128K | $709K | $264K | $200K | $100K | -$600K | $800K |
| Other Non-Cash Items | -$5.49M | $1.91M | -$8.47M | $5.78M | -$213.49M | -$182.19M | -$130.25M | -$66.94M | -$9.12M | -$9.5M | $26.66M | -$3.13M | -$4.67M | -$5.28M | $3.16M | $1.17M | -$2.82M | $4.6M | $4.44M | $6.02M | $4.63M | $5.73M | $6.45M | $6.12M | $4.02M | $1.28M | $507K | $372K | $3.37M | $0 | $400K |
| Net Cash from Operating | $210.83M | $253.74M | $154.78M | $126.81M | $191.1M | $148.79M | $193.91M | $121.8M | $133.37M | $80.34M | $113.61M | $47.27M | $44.99M | $17.75M | $16.41M | -$4.2M | -$14.61M | -$7.79M | -$11.1M | -$4.7M | -$345K | -$6.97M | -$5.8M | -$4.76M | -$7.7M | -$6.49M | -$4.3M | -$2.2M | -$2.4M | -$2.4M | -$1.9M |
| Investing Activities | |||||||||||||||||||||||||||||||
| Capital Expenditures | -$56.47M | -$42.64M | -$59.79M | -$47.21M | -$43.55M | -$28.05M | -$30.46M | -$25.39M | -$29.8M | -$103.29M | -$5.1M | -$6.15M | -$5.07M | -$111.84M | -$3.06M | -$369K | -$259K | -$1.28M | -$1.23M | -$2.35M | -$5.66M | -$7.42M | -$957K | -$1.17M | -$1.75M | -$1.15M | -$3.23M | $0 | $0 | -$100K | $0 |
| Acquisitions | $0 | $0 | $0 | $4.71M | $394K | $60K | $401K | $0 | $0 | -$33.38M | $0 | $0 | $359K | $109.1M | $440K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | -$375.51M | -$594.85M | -$531.1M | -$701.99M | -$642.18M | -$604.15M | -$931.85M | -$628.79M | -$594.28M | -$450.28M | -$691.88M | -$408.97M | -$362.84M | -$304.5M | -$337.44M | -$91.39M | -$61.35M | -$96.86M | -$61.34M | -$24.37M | -$22.79M | -$48.65M | -$19.22M | -$6.9M | -$7.1M | -$3.37M | -$7.78M | -$300K | -$5M | -$2.4M | $0 |
| Sales of Investments | $396.5M | $473.07M | $574.16M | $468.46M | $227.98M | $1.02B | $723.6M | $633.18M | $498.51M | $548.47M | $638.41M | $372.82M | $313.13M | $380.25M | $156.72M | $79.93M | $69.63M | $98.74M | $29.89M | $25.59M | $32.39M | $36.16M | $8.11M | $6.36M | $5.28M | $4.96M | $4M | $4.3M | $2.9M | $0 | $0 |
| Other Investing Activities | -$10M | $0 | -$66.56M | -$4.71M | -$394K | -$60K | -$401K | $4.39M | -$95.78M | $2.21M | -$53.47M | -$36.16M | -$359K | -$109.1M | -$440K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $15.16M | -$15.16M | -$26K | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Investing | -$45.48M | -$164.41M | -$83.29M | -$280.74M | -$457.75M | $391.26M | -$238.71M | -$21M | -$125.58M | -$38.47M | -$58.57M | -$42.31M | -$54.77M | -$36.09M | -$183.79M | -$11.83M | $8.03M | $600K | -$32.67M | -$1.13M | $3.95M | -$19.92M | -$12.06M | $13.45M | -$18.73M | $417K | -$7M | $4M | -$2.1M | -$2.5M | $0 |
| Financing Activities | |||||||||||||||||||||||||||||||
| Debt Repaid | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $4.5M | -$4.5M | $5K | $8.82M | -$15M | $3K | - | - | - | - | - |
| Common Stock Issuance | $2.02M | $2.22M | $2.01M | $1.57M | $1.51M | $1.18M | $889K | $798K | $734K | $439K | $354K | $328K | $343K | $321K | $249.94M | $246K | $130K | $2.41M | $46.54M | $6.28M | $8.42M | $31.45M | $16.03M | $8.16M | $11.61M | $12.22M | $11.03M | $5K | $4.02M | $5.5M | $1.9M |
| Common Stock Repurchases | -$32.88M | $0 | $0 | $0 | $0 | $0 | -$649K | -$477K | $0 | $0 | $0 | -$29.5M | -$5.46M | -$5.2M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | -$85.55M | -$76.17M | -$66.73M | -$57M | -$37.93M | -$28.45M | -$18.85M | -$11.31M | -$5.65M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | -$9.57M | -$8.39M | -$8.21M | -$9.21M | -$14.95M | -$14.39M | -$15.98M | -$11.62M | -$9.39M | -$453K | -$3.3M | -$957K | -$436K | -$2.66M | $8.87M | $13.45M | $834K | -$772K | $0 | $0 | $4.2M | -$4.2M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Financing | -$125.98M | -$82.33M | -$72.93M | -$64.64M | -$51.37M | -$41.66M | -$34.59M | -$22.61M | -$14.31M | -$14K | -$2.95M | -$30.13M | -$5.55M | -$7.54M | $258.81M | $13.7M | $964K | $1.64M | $46.54M | $6.28M | $8.12M | $31.74M | $16.03M | -$665K | $26.61M | $12.22M | $11.03M | $0 | $4M | $5.5M | $1.9M |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $39.37M | $7M | -$1.45M | -$218.56M | -$318.02M | $498.38M | -$79.39M | $78.18M | -$6.53M | $41.85M | $52.09M | -$25.17M | -$15.34M | -$25.87M | $91.43M | -$2.33M | -$5.62M | -$5.55M | $2.77M | $443K | $11.72M | $4.86M | -$1.84M | $8.02M | $182K | $6.14M | -$270K | $1.8M | -$500K | $600K | $0 |
| Supplementary Data | |||||||||||||||||||||||||||||||
| Operating Cash Flow | $210.83M | $253.74M | $154.78M | $126.81M | $191.1M | $148.79M | $193.91M | $121.8M | $133.37M | $80.34M | $113.61M | $47.27M | $44.99M | $17.75M | $16.41M | -$4.2M | -$14.61M | -$7.79M | -$11.1M | -$4.7M | -$345K | -$6.97M | -$5.8M | -$4.76M | -$7.7M | -$6.49M | -$4.3M | -$2.2M | -$2.4M | -$2.4M | -$1.9M |
| Capital Expenditure | -$66.47M | -$42.64M | -$126.36M | -$47.21M | -$43.55M | -$28.05M | -$30.46M | -$25.39M | -$29.8M | -$103.29M | -$5.1M | -$6.15M | -$5.07M | -$111.84M | -$3.06M | -$369K | -$259K | -$1.28M | -$1.23M | -$2.35M | -$5.66M | -$7.42M | -$957K | -$1.17M | -$1.75M | -$1.15M | -$3.23M | $0 | $0 | -$100K | $0 |
| Free Cash Flow | $144.36M | $211.1M | $28.42M | $79.61M | $147.55M | $120.74M | $163.45M | $96.41M | $103.56M | -$22.95M | $108.51M | $41.12M | $39.92M | -$94.08M | $13.35M | -$4.57M | -$14.87M | -$9.06M | -$12.32M | -$7.05M | -$6M | -$14.38M | -$6.75M | -$5.93M | -$9.45M | -$7.65M | -$7.53M | -$2.2M | -$2.4M | -$2.5M | -$1.9M |
| Cash at Beginning | $98.98M | $91.98M | $93.43M | $311.99M | $630.01M | $131.63M | $211.02M | $132.84M | $139.37M | $97.51M | $45.42M | $70.59M | $85.92M | $111.8M | $20.37M | $22.7M | $28.32M | $33.87M | $31.1M | $30.65M | $18.93M | $14.07M | $15.91M | $7.88M | $7.7M | $1.56M | $1.83M | $100K | $600K | $0 | $0 |
| Cash at End | $138.35M | $98.98M | $91.98M | $93.43M | $311.99M | $630.01M | $131.63M | $211.02M | $132.84M | $139.37M | $97.51M | $45.42M | $70.59M | $85.92M | $111.8M | $20.37M | $22.7M | $28.32M | $33.87M | $31.1M | $30.65M | $18.93M | $14.07M | $15.91M | $7.88M | $7.7M | $1.56M | $1.9M | $100K | $600K | $0 |