Telesat Corp (TSAT)
Telesat Corporation stands as a leading satellite operator, dedicated to providing essential communication solutions to a diverse global clientele, encompassing broadcast, enterprise, and consulting sectors. Its advanced satellite infrastructure empowers direct-to-home (DTH) service providers to broadcast television programming, audio content, and information channels directly to residential customers. Additionally, it facilitates the transmission of programming for broadcasters, cable networks, and other DTH providers. Beyond core transmission, Telesat offers a comprehensive suite of value-added capabilities. These include crucial satellite capacity, digital encoding for video channels, authorization services, and both uplinking and downlinking operations. The company also furnishes on-demand services for broadcasting breaking news, major sports events, and live coverage. Telesat's extensive offerings extend to telecommunications carriers and network services integrators, providing both satellite capacity and end-to-end solutions. These encompass space segment services and ground facilities designed to support enterprise connectivity, internet and cellular backhaul, and rural telephony initiatives. The company further delivers broadband communication services tailored for the maritime and aeronautical industries, serving commercial aircraft and vessels. It also supplies satellite services to government entities, including the U.S. government (via service integrators) and the Canadian government, and directly provides broadband services to consumers. The corporation operates sophisticated satellite and hybrid satellite/terrestrial networks, and it develops specialized communication services for industries such as oil and gas, and mining. Furthermore, Telesat provides expert satellite operator services and offers consulting across a range of domains, including space and earth segments, government studies, satellite control, and research and development. Telesat primarily engages its clients through a dedicated direct sales force. As of December 31, 2021, its operational assets included a constellation of 14 in-orbit geostationary satellites and a Canadian payload integrated into the ViaSat-1 satellite. The company was established in 1969 and maintains its corporate headquarters in Ottawa, Canada.
Sector: Communications Services, NEC
Industry: Telecommunications Services
Telesat Corporation
NASDAQ:TSATCommunication Services · Telecommunications Services
+4.47%$43.66
Prev close$41.79+1.70%Open$42.50+2.73%Now$43.66
Mkt Cap$668.67M
Float13.15M
O/S15.32M
VOL19K sh
$ Vol$805K
RVOL0.08×
Inst Own-
SI11.7%
Dilution
Financials Summary
Revenue$296.89M
Net Income-$110.35M
Total Assets$4.69B
Free Cash Flow-$496.12M
Debt & Equity
Debt 87%
Equity 13%
Total Debt$2.51B
Total Equity$377.06M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in TSAT's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$4.69B
Liabilities$3.43B
Accounts Receivable$45.73M
Accounts Payable$40.81M
Inventory$1.06M
PP&E (Net)$1.93B
Goodwill$1.57B
Intangible Assets$314.17M
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | 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 |
| Revenue | $296.89M | $405.97M | $500.6M | $539.71M | $539.03M | $583.29M | $647.57M | $641.91M | $659.31M | $661.76M | $678.86M | $656.09M | $637.62M | $601.3M |
| YoY Growth | -26.9% | -18.9% | -7.2% | 0.1% | -7.6% | -9.9% | 0.9% | -2.6% | -0.4% | -2.5% | 3.5% | 2.9% | 6.0% | - |
| Cost of Revenue | $187.7M | $27M | $27.38M | $38.39M | $21.48M | $23.72M | $26.46M | $276.82M | $133.43M | $124.36M | $131.01M | $133.5M | $137.82M | $169.97M |
| Gross Profit | $109.19M | $378.97M | $473.22M | $501.32M | $517.55M | $559.56M | $621.11M | $365.09M | $525.88M | $537.41M | $547.85M | $522.58M | $499.8M | $431.34M |
| Gross Margin | 36.8% | 93.4% | 94.5% | 92.9% | 96.0% | 95.9% | 95.9% | 56.9% | 79.8% | 81.2% | 80.7% | 79.7% | 78.4% | 71.7% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $65.85M | $78.44M | $83.83M | $108.17M | $110.98M | $63.9M | $62.52M | $32.42M | $4.45M | $5.18M | $4.51M | $3.88M | $10.47M | $10.06M |
| Other | $2.65M | $329.16M | -$15.01M | $182.39M | $115.71M | $208.07M | $218.56M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Operating Expenses | $68.49M | $407.6M | $68.82M | $290.56M | $226.69M | $271.97M | $281.08M | $32.42M | $25.92M | $137.68M | $552.06M | $316.53M | $259.96M | $220.62M |
| Operating Income (EBIT) | $40.7M | -$28.63M | $404.4M | $210.75M | $290.85M | $287.6M | $340.03M | $332.67M | $345.56M | $352.75M | $375.76M | $342.88M | $316M | $247.35M |
| Operating Margin | 13.7% | -7.1% | 80.8% | 39.0% | 54.0% | 49.3% | 52.5% | 51.8% | 52.4% | 53.3% | 55.4% | 52.3% | 49.6% | 41.1% |
| Interest Expense | $155.38M | $173.4M | $192.63M | $157.65M | $133.65M | $144.86M | $192.98M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Interest Income | $18.6M | $47.02M | $45.82M | $16.75M | $2.43M | $3.69M | $23.63M | $161.27M | $135.7M | $131.84M | $122.49M | $141.06M | $145.67M | $168.28M |
| Other Income (Expense) | -$465.19M | -$195.67M | $73.95M | -$232.22M | -$124.92M | -$116.64M | -$196.19M | -$353.92M | $61.9M | -$88.22M | -$502.45M | -$281.55M | -$245.2M | -$204.9M |
| Income Before Tax (EBT) | -$424.5M | -$224.3M | $478.35M | -$21.46M | $165.93M | $170.95M | $143.83M | -$21.24M | $416.1M | $267.88M | -$126.69M | $65M | $94.17M | $42.44M |
| Income Tax Expense | -$47.86M | -$9.27M | $63.7M | $36.55M | $50.5M | -$3.09M | $10.75M | $43.41M | $57.05M | $59.65M | $63.08M | $55.61M | $45.76M | $25.13M |
| Net Income | -$110.35M | -$62.36M | $111.7M | -$16.89M | $65.78M | $174.05M | $133.08M | -$64.65M | $359.05M | $208.22M | -$189.78M | $9.37M | $48.4M | $17.32M |
| Net Income Margin | -37.2% | -15.4% | 22.3% | -3.1% | 12.2% | 29.8% | 20.6% | -10.1% | 54.5% | 31.5% | -28.0% | 1.4% | 7.6% | 2.9% |
| Supplementary Data | ||||||||||||||
| EPS | -10.61 | -6.29 | 11.29 | -1.90 | 13.12 | 3.71 | 1.56 | -0.76 | 4.22 | 2.45 | -2.23 | 0.11 | 0.57 | 0.20 |
| Diluted EPS | -10.61 | -6.29 | 10.28 | -1.90 | 13.12 | 3.71 | 1.56 | -0.76 | 4.22 | 2.45 | -2.23 | 0.11 | 0.57 | 0.20 |
| Weighted Average OS | 14.64M | 13.94M | 13.92M | 12.31M | 12.02M | 13.18M | 23.95M | 23.94M | 23.94M | 23.93M | 23.91M | 23.91M | 23.91M | 23.90M |
| EBITDA | -$163.35M | $47.64M | $810.15M | $281.03M | $455.81M | $482.22M | $526.09M | $505.81M | $521.43M | $532.23M | $543.35M | $518.7M | $489.33M | $421.27M |
| EBITDA Margin | -55.0% | 11.7% | 161.8% | 52.1% | 84.6% | 82.7% | 81.2% | 78.8% | 79.1% | 80.4% | 80.0% | 79.1% | 76.7% | 70.1% |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | 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 |
| Assets | ||||||||||||||
| Current Assets | ||||||||||||||
| Cash and Cash Equivalents | $351.1M | $392.47M | $1.19B | $1.19B | $1.03B | $383.9M | $297.44M | $546.29M | $340.56M | $556.23M | $491.05M | $353.58M | $212.36M | $128.65M |
| Short-Term Investments | $11.03M | $402K | $449K | $366K | $612K | $72.77M | $265.72M | $13.25M | $115K | $0 | $0 | $0 | $0 | $4.83M |
| Cash and Short-Term Investments | $362.13M | $392.88M | $1.19B | $1.19B | $1.03B | $456.67M | $563.16M | $559.54M | $340.68M | $556.23M | $491.05M | $353.58M | $212.36M | $133.48M |
| Accounts Receivable | $45.73M | $133.78M | $67.39M | $42.41M | $89.52M | $30.72M | $49.78M | $27.9M | $41.66M | $34.15M | $31.91M | $29.88M | $29.63M | $43.28M |
| Inventory | $1.06M | $1.04M | $3.07M | $1.44M | $12.07M | $2.92M | $1.95M | $1.73M | $2.13M | $2.78M | $4.22M | $3.66M | $3.13M | $3.56M |
| Other Current Assets | $13.1M | $193.66M | $29.32M | $24.14M | $12.55M | $4.88M | $244K | $12.49M | $7.34M | $44.65M | $5.48M | $6.3M | $12.26M | $14.8M |
| Total Current Assets | $431.74M | $726.04M | $1.29B | $1.27B | $1.15B | $498.5M | $622.19M | $603.73M | $394.54M | $641.04M | $540.15M | $401.57M | $266.47M | $195.12M |
| Long-Term Assets | ||||||||||||||
| Property, Plant & Equipment Net | $1.93B | $1.62B | $895.97M | $969.75M | $1.02B | $735.77M | $799.83M | $1.21B | $1.27B | $1.36B | $1.37B | $1.32B | $1.4B | $1.49B |
| Goodwill | $1.57B | $1.86B | $1.74B | $1.74B | $1.74B | $1.37B | $1.34B | $1.74B | $1.74B | $1.74B | $1.74B | $1.74B | $1.74B | $1.74B |
| Intangible Assets | $314.17M | $353.66M | $492.49M | $538.08M | $542.19M | $434.81M | $440.12M | $576.67M | $577.97M | $591.85M | $576.84M | $583.36M | $600.93M | $610.46M |
| Long-Term Investments | $4.97M | $0 | $0 | $7.45M | $11.62M | $26.54M | $28.37M | $11.84M | $13.47M | $0 | $0 | $0 | $0 | $15.82M |
| Deferred Tax Assets | $3.01M | $2.17M | $2.1M | $35.53M | $32.84M | $44.59M | $6.8M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $434.17M | $379.11M | $66.88M | $44.99M | $30.95M | $8.96M | $7.98M | $41.1M | $51.37M | $30.1M | $43.79M | $31.85M | $63.13M | -$3.85B |
| Total Long-Term Assets | $4.26B | $4.21B | $3.2B | $3.34B | $3.37B | $2.62B | $2.62B | $3.58B | $3.66B | $3.72B | $3.73B | $3.68B | $3.8B | $3.85B |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $81.03M |
| Total Assets | $4.69B | $4.94B | $4.49B | $4.61B | $4.52B | $3.11B | $3.25B | $4.18B | $4.05B | $4.36B | $4.27B | $4.08B | $4.07B | $4.13B |
| Liabilities | ||||||||||||||
| Current Liabilities | ||||||||||||||
| Accounts Payable | $40.81M | $76.75M | $3.25M | $1.4M | $2.46M | $16.79M | $14.39M | $2.57M | $1.89M | $1.78M | $2.38M | $2.37M | $7.12M | $25.27M |
| Short-Term Debt | $1.66B | $0 | $0 | $0 | $0 | $1.19M | $14.4M | $5.61M | $10.3M | $16.11M | $66.75M | $50.02M | $62.97M | $0 |
| Current Income Tax Payable | $0 | $5.14M | $2.3M | $3.41M | $4.93M | $5.21M | $84K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $32.2M | $40.91M | $39.18M | $47.51M | $55.56M | $45.62M | $36.02M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $614.29M | $7.57M | $8.4M | $11.07M | $14.55M | $22.78M | $23.52M | $112.42M | $92.43M | $100.32M | $99.73M | $122.57M | $190.93M | $142.64M |
| Total Current Liabilities | $2.36B | $182.41M | $97.91M | $121.85M | $129.36M | $90.47M | $88.4M | $126.7M | $110.96M | $146.08M | $176.74M | $181.51M | $269.2M | $167.91M |
| Long-Term Liabilities | ||||||||||||||
| Long-Term Debt | $818.64M | $2.2B | $2.27B | $2.74B | $2.7B | $1.78B | $2.02B | $2.65B | $2.51B | $2.73B | $2.83B | $2.48B | $2.34B | $2.44B |
| Long-Term Unearned Revenue | $111.9M | $131.8M | $159.48M | $184.54M | $206.11M | $185.47M | $205.39M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $65.34M | $124.8M | $167.24M | $192.83M | $210.66M | $181.86M | $191.2M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $54.98M | $499.78M | $63.23M | $39.21M | $50.93M | $48.44M | $42.14M | $633.41M | $614.45M | $636.55M | $609.38M | $608.99M | $653.9M | -$2.44B |
| Total Long-Term Liabilities | $1.08B | $2.98B | $2.68B | $3.18B | $3.19B | $2.21B | $2.48B | $3.28B | $3.13B | $3.37B | $3.44B | $3.09B | $3B | $2.44B |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $789.45M |
| Total Liabilities | $3.43B | $3.16B | $2.78B | $3.3B | $3.32B | $2.3B | $2.56B | $3.41B | $3.24B | $3.52B | $3.62B | $3.27B | $3.27B | $3.4B |
| Stockholders' Equity | ||||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $72.05M | $70.35M | $7K | $7K | $7K | $7K | $7K | $7K | $7K |
| Common Stock | $49.72M | $42M | $36.44M | $33.1M | $30.46M | $14.83M | $14.57M | $109.27M | $108.54M | $468.3M | $466.98M | $466.98M | $466.83M | $466.64M |
| Retained Earnings | $234.99M | $332.24M | $379.67M | $253.28M | $248.84M | $706.74M | $565.26M | $599.73M | $688.46M | $332.61M | $133.99M | $321.07M | $324.19M | $265.2M |
| Comprehensive Income & Other | $92.35M | $130.71M | $54.46M | $55.88M | $16.21M | $21.05M | $32.55M | $68.02M | $15.45M | $47.95M | $51.74M | $16.11M | $6.56M | $0 |
| Other Stockholders' Equity | $92.35M | $130.71M | $54.46M | $55.88M | $16.21M | $93.1M | $102.9M | $68.03M | $15.46M | $47.95M | $51.74M | $16.12M | $6.57M | -$1.92M |
| Total Equity | $377.06M | $504.95M | $470.57M | $342.26M | $295.51M | $814.68M | $682.73M | $777.02M | $812.45M | $848.87M | $652.72M | $804.17M | $797.58M | $729.92M |
| Minority Interest | $879.95M | $1.27B | $1.23B | $965.94M | $910.42M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $3.81B | $3.67B | $3.25B | $3.64B | $3.61B | $3.11B | $3.25B | $4.18B | $4.05B | $4.36B | $4.27B | $4.08B | $4.07B | $4.13B |
| Supplementary Data | ||||||||||||||
| Total Debt | $2.51B | $2.23B | $2.3B | $2.76B | $2.72B | $1.79B | $2.05B | $2.65B | $2.52B | $2.75B | $2.9B | $2.53B | $2.41B | $0 |
| Net Debt | $2.16B | $1.83B | $1.11B | $1.57B | $1.69B | $1.41B | $1.75B | $2.11B | $2.18B | $2.19B | $2.41B | $2.18B | $2.2B | -$128.65M |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | 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 |
| Operating Activities | ||||||||||||||
| Net Income | -$110.35M | -$215.03M | $414.66M | -$56.96M | $112.16M | $174.05M | $133.08M | -$64.65M | $359.05M | $208.23M | -$189.77M | $9.39M | $48.41M | $17.32M |
| Depreciation & Amortization | $105.76M | $98.54M | $139.17M | $144.84M | $156.23M | $166.41M | $189.28M | $177.13M | $175.87M | $179.48M | $167.59M | $175.83M | $173.33M | $173.93M |
| Deferred Income Tax | -$57.07M | -$9.27M | $63.7M | $35.5M | $55.72M | -$3.09M | $10.75M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $0 | $12.48M | $23.47M | $47.94M | $52.41M | $8.89M | $11.4M | $20.98M | $2.03M | $4.1M | $3.82M | $6.86M | $9.61M | $855K |
| Changes in Working Capital: | ||||||||||||||
| Accounts Receivable | $68.42M | -$9.81M | -$17.37M | $1.63M | -$39.4M | -$2.97M | -$11.46M | $15.68M | -$9.44M | -$5.93M | $3.51M | $2.72M | $11.47M | -$15.54M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | -$2.5M | $0 | $0 | -$5.02M | $10M | $1.32M | $1.2M | -$3.34M | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | -$13.84M | -$22.27M | -$10.51M | -$1.4M | -$12.28M | $12.32M | $346K | $50.8M | $38.8M | $73.16M | $2.22M | -$7.46M | -$9.3M | $0 |
| Total Working Capital Change | $52.08M | -$32.08M | -$27.88M | -$4.79M | -$41.68M | $10.68M | -$9.91M | $63.14M | $29.36M | $67.23M | $5.74M | -$4.75M | $2.17M | -$15.54M |
| Other Non-Cash Items | $56.97M | $189.76M | -$492.22M | -$3.83M | -$124.13M | -$92.69M | -$67.57M | $497.8M | -$220.32M | -$84.13M | $312.89M | $105.59M | $108.49M | $22.02M |
| Net Cash from Operating | $47.38M | $44.41M | $120.9M | $162.69M | $210.71M | $264.24M | $267.03M | $331.5M | $346M | $374.91M | $300.27M | $292.91M | $342.02M | $213.27M |
| Investing Activities | ||||||||||||||
| Capital Expenditures | -$543.5M | -$46.07M | -$30.51M | -$45.91M | -$25.44M | -$11.61M | -$25.55M | -$73.44M | -$104.22M | -$173.33M | -$137.82M | -$67.74M | -$56.84M | -$120.97M |
| Acquisitions | $3.38M | $2.57M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | -$609K | -$732.51M | $181.26M | $45.96M | -$168.55M | -$53.96M | -$2.61M | -$14.16M | -$12.8M | -$30.06M | -$4K | $90K | $764K | -$67K |
| Net Cash from Investing | -$540.73M | -$776.01M | $150.75M | $53K | -$193.98M | -$65.57M | -$28.16M | -$73.44M | -$117.03M | -$203.39M | -$137.82M | -$67.65M | -$56.07M | -$121.04M |
| Financing Activities | ||||||||||||||
| Debt Repaid | -$486.79M | $112.56M | $246.11M | $70.9M | -$439.15M | $323.74M | -$29.41M | $67.52M | $22.5M | $51.76M | $52.51M | $50.26M | $192.98M | - |
| Common Stock Issuance | $391K | $0 | $0 | $0 | $11K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock Repurchases | $0 | -$5.5M | $0 | $0 | -$11K | $0 | $0 | $0 | -$359.82M | $0 | $0 | $0 | $0 | -$567.3M |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$7K | -$7K | -$7K | -$14K | -$7K | $0 |
| Other Financing Activities | -$9.57M | -$2.95M | -$6.79M | -$3.65M | -$8.87M | $3.66M | -$58.06M | -$13.67M | -$36.27M | -$47.59M | -$4.76M | -$46.97M | -$14.57M | -$157.05M |
| Net Cash from Financing | $477.6M | -$121M | -$252.9M | -$74.55M | $430.28M | -$320.09M | -$28.67M | -$81.19M | -$418.6M | -$99.36M | -$57.28M | -$97.24M | -$207.55M | -$157.05M |
| Forex Effect | $1.62M | $58.49M | -$24.93M | $74.04M | $1.74M | -$27.05M | -$26.23M | $28.87M | -$26.04M | -$6.98M | $32.31M | $13.2M | $5.32M | -$4.14M |
| Net Change in Cash | -$14.12M | -$794.12M | -$6.19M | $162.23M | $448.74M | -$148.47M | $183.98M | $205.73M | -$215.67M | $65.18M | $137.47M | $141.22M | $83.71M | -$68.96M |
| Supplementary Data | ||||||||||||||
| Operating Cash Flow | $47.38M | $44.41M | $120.9M | $162.69M | $210.71M | $264.24M | $267.03M | $331.5M | $346M | $374.91M | $300.27M | $292.91M | $342.02M | $213.27M |
| Capital Expenditure | -$543.5M | -$46.11M | -$39.94M | -$45.91M | -$25.44M | -$11.61M | -$25.55M | -$73.44M | -$104.22M | -$173.33M | -$137.82M | -$67.74M | -$56.84M | -$120.97M |
| Free Cash Flow | -$496.12M | -$1.7M | $80.95M | $116.78M | $185.27M | $252.63M | $241.48M | $258.06M | $241.78M | $201.58M | $162.45M | $225.17M | $285.18M | $92.3M |
| Cash at Beginning | $365.22M | $1.19B | $1.19B | $1.03B | $581.8M | $730.27M | $546.29M | $340.56M | $556.23M | $491.05M | $353.58M | $212.36M | $128.65M | $197.61M |
| Cash at End | $351.1M | $392.47M | $1.19B | $1.19B | $1.03B | $581.8M | $730.27M | $546.29M | $340.56M | $556.23M | $491.05M | $353.58M | $212.36M | $128.65M |