UNITED THERAPEUTICS Corp (UTHR)
United Therapeutics Corporation, a biotechnology firm, is dedicated to discovering, developing, and bringing to market medical solutions for individuals suffering from chronic and severe, often life-threatening, illnesses. Its operations span both the United States and international markets. The company's current commercial portfolio features several key therapeutics: Remodulin, prescribed for pulmonary arterial hypertension (PAH) to lessen symptoms experienced during physical activity. Tyvaso, an inhaled form of the prostacyclin analogue treprostinil, designed to enhance exercise capacity in patients with PAH and pulmonary hypertension linked to interstitial lung disease (PH-ILD). Orenitram, a treprostinil tablet formulation, also aims to boost the exercise capabilities of PAH patients. Unituxin, a monoclonal antibody utilized in the treatment of high-risk neuroblastoma. Adcirca, an oral PDE-5 inhibitor, which helps improve exercise performance in those with PAH. United Therapeutics also maintains a robust development pipeline, including: Tyvaso DPI, a dry powder inhaler version of Tyvaso. The Remunity Pump, a compact, lightweight, and durable infusion system for treprostinil, accompanied by a separate controller. RemoPro and Ralinepag, both investigational treatments for PAH. Aurora-GT, a gene therapy product focused on regenerating blood vessels within the lungs. Clinical trials such as Tyvaso PERFECT and TETON, which are evaluating Tyvaso's efficacy in patients with World Health Organization (WHO) Group 3 pulmonary hypertension associated with chronic obstructive pulmonary disease (PH-COPD). The company has forged strategic alliances and licensing agreements with various entities, such as DEKA Research & Development Corp. for a semi-disposable subcutaneous treprostinil delivery system; MannKind Corporation for the development and licensing of treprostinil inhalation powder and the Dreamboat device; and Arena Pharmaceuticals, Inc. for the development of Ralinepag. Established in 1996, United Therapeutics Corporation is headquartered in Silver Spring, Maryland.
Sector: Pharmaceutical Preparations
Industry: Biotechnology
United Therapeutics Corporation
NASDAQ:UTHRHealthcare · Biotechnology
+0.87%$598.72
AH$598.72+0.00%vs close
Mkt Cap$25.68B
Float41.96M
O/S42.89M
Vol
$ Vol
RVOL
Inst Own97.2%
SI5.9%
Earnings
Dilution
Financials Summary
Revenue$3.18B
Net Income$1.33B
Total Assets$7.88B
Free Cash Flow$1.04B
Debt & Equity
Debt 1%
Equity 99%
Total Debt$37.6M
Total Equity$7.1B
Shares Outstanding
Short Interest
Split History1 split
- 2:1Forward splitSep 23, 20091 share → 2
Balance Sheet Details
Assets$7.88B
Liabilities$783.8M
Accounts Receivable$350.2M
Accounts Payable$7.1M
Inventory$183.1M
PP&E (Net)$1.73B
Goodwill$0
Intangible Assets$116.5M
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Revenue | $3.18B | $2.88B | $2.33B | $1.94B | $1.69B | $1.48B | $1.45B | $1.63B | $1.73B | $1.6B | $1.47B | $1.29B | $1.12B | $916.08M | $743.18M | $603.83M | $369.85M | $281.5M | $210.94M | $159.63M | $115.92M | $73.59M | $53.34M | $30.12M | $5.73M | $2.05M | $400K | $100K |
| YoY Growth | 10.6% | 23.6% | 20.2% | 14.9% | 13.6% | 2.4% | -11.0% | -5.7% | 7.9% | 9.1% | 13.8% | 15.4% | 21.9% | 23.3% | 23.1% | 63.3% | 31.4% | 33.4% | 32.1% | 37.7% | 57.5% | 38.0% | 77.1% | 425.5% | 179.7% | 412.3% | 300.0% | - |
| Cost of Revenue | $384.4M | $309.7M | $257.5M | $146.7M | $122.5M | $108.1M | $117.6M | $198.7M | $105.7M | $72.7M | $69.04M | $125.88M | $131.13M | $119.3M | $88.9M | $73.47M | $45.32M | $30.07M | $22.26M | $17.03M | $12.31M | $8.25M | $6.78M | $5.46M | $3.14M | $1.71M | $1.4M | $0 |
| Gross Profit | $2.8B | $2.57B | $2.07B | $1.79B | $1.56B | $1.38B | $1.33B | $1.43B | $1.62B | $1.53B | $1.4B | $1.16B | $985.86M | $796.78M | $654.28M | $530.37M | $324.53M | $251.43M | $188.68M | $142.6M | $103.6M | $65.34M | $46.56M | $24.66M | $2.59M | $343K | -$1M | $100K |
| Gross Margin | 87.9% | 89.2% | 88.9% | 92.4% | 92.7% | 92.7% | 91.9% | 87.8% | 93.9% | 95.5% | 95.3% | 90.2% | 88.3% | 87.0% | 88.0% | 87.8% | 87.7% | 89.3% | 89.4% | 89.3% | 89.4% | 88.8% | 87.3% | 81.9% | 45.3% | 16.8% | -250.0% | 100.0% |
| Research and Development | $550M | $481M | $408M | $322.9M | $540.1M | $357.7M | $1.18B | $357.9M | $264.6M | $147.6M | $245.1M | $242.55M | $299.35M | $173.39M | $180.01M | $166.76M | $122.19M | $239.18M | $83.35M | $57.57M | $36.05M | $30.6M | $35.42M | $26.78M | $32.59M | $70.19M | $30.7M | $11M |
| Selling, General, and Administrative | $731.1M | $638.6M | $477.1M | $487M | $467M | $423.9M | $336.2M | $265.8M | $330.1M | $316.8M | $452.61M | $381.29M | $394.01M | $201.75M | $156.48M | $199.6M | $176.34M | $94.31M | $99.03M | $54.03M | $24.66M | $21.53M | $22.67M | $15.89M | $16.94M | $11.74M | $5M | $2.4M |
| Other | $0 | $71.1M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2.4M | $157K | $3.97M | $635K | $0 | $0 | $0 | $0 | $0 | $0 | $56.05M | $0 | $0 | $0 | $0 | $0 | -$80K | -$1.3M | $0 |
| Total Operating Expenses | $1.28B | $1.19B | $885.1M | $809.9M | $1.01B | $781.6M | $1.52B | $623.7M | $594.7M | $464.4M | $697.71M | $623.84M | $693.36M | $375.13M | $336.5M | $366.36M | $298.53M | $333.49M | $182.38M | $113.62M | $60.71M | $52.13M | $58.08M | $42.67M | $49.53M | $81.84M | $34.4M | $13.4M |
| Operating Income (EBIT) | $1.52B | $1.38B | $1.18B | $979.7M | $555.9M | $593.6M | -$187.6M | $805.4M | $814.9M | $1.06B | $699.01M | $538.8M | $292.5M | $421.65M | $317.78M | $164M | $26M | -$82.06M | $6.3M | $28.98M | $42.89M | $13.21M | -$11.53M | -$18M | -$46.94M | -$81.5M | -$35.4M | -$13.3M |
| Operating Margin | 47.7% | 47.9% | 50.9% | 50.6% | 33.0% | 40.0% | -12.9% | 49.5% | 47.2% | 66.4% | 47.7% | 41.8% | 26.2% | 46.0% | 42.8% | 27.2% | 7.0% | -29.1% | 3.0% | 18.2% | 37.0% | 17.9% | -21.6% | -59.8% | -818.9% | -3977.1% | -8850.0% | -13300.0% |
| Interest Expense | $19.5M | $42.9M | $59.3M | $32.4M | $18.6M | $23.5M | $44.2M | $13.9M | $9M | $3.9M | $4.74M | $17.59M | $18.06M | $16.64M | $21.37M | $19.71M | $12.88M | $16K | $2.17M | $482K | $29K | $4K | $112K | $117K | $173K | $120K | $0 | $0 |
| Interest Income | $192M | $199.1M | $162.7M | $45.2M | $16.7M | $28.6M | $44.2M | $28.6M | $10.9M | $3.5M | $0 | $0 | $3.83M | $3.94M | $3.45M | $2.94M | $5.15M | $11.03M | $13.6M | $10.7M | $5.36M | $2.99M | $2.44M | $4.95M | $10.02M | $10.69M | $0 | $0 |
| Other Income (Expense) | $196.7M | $162M | $89.4M | -$29.1M | $38M | $45.3M | $22.6M | -$46.5M | -$45.4M | -$1.5M | $345.42M | -$13.6M | -$13.6M | $19.02M | -$18.66M | -$16.17M | -$7.23M | $9.76M | $10.28M | $10.93M | $4.63M | $2.24M | $1.56M | -$5.65M | $9.65M | -$4.68M | $64K | $546K |
| Income Before Tax (EBT) | $1.71B | $1.54B | $1.27B | $950.6M | $593.9M | $638.9M | -$165M | $758.9M | $769.5M | $1.06B | $1.04B | $525.18M | $278.9M | $440.67M | $299.12M | $147.84M | $18.77M | -$72.3M | $16.58M | $39.91M | $47.52M | $15.45M | -$9.97M | -$23.65M | -$37.29M | -$86.18M | -$35.3M | -$12.8M |
| Income Tax Expense | $379.2M | $343.9M | $289.5M | $223.3M | $118.1M | $124.1M | -$60.5M | $169.7M | $351.6M | $346.5M | $392.8M | $185.11M | $104.34M | $136.23M | $81.87M | $41.92M | -$695K | -$29.51M | -$3.28M | -$34.06M | -$17.49M | $0 | $0 | $0 | -$9.65M | -$5.89M | -$1.9M | $0 |
| Net Income | $1.33B | $1.2B | $984.8M | $727.3M | $475.8M | $514.8M | -$104.5M | $589.2M | $417.9M | $713.7M | $651.64M | $340.07M | $174.56M | $304.44M | $217.87M | $105.92M | $19.46M | -$42.79M | $19.86M | $73.97M | $65.02M | $15.45M | -$9.97M | -$23.65M | -$37.29M | -$75.61M | -$33.5M | -$12.8M |
| Net Income Margin | 41.9% | 41.5% | 42.3% | 37.6% | 28.2% | 34.7% | -7.2% | 36.2% | 24.2% | 44.6% | 44.5% | 26.4% | 15.6% | 33.2% | 29.3% | 17.5% | 5.3% | -15.2% | 9.4% | 46.3% | 56.1% | 21.0% | -18.7% | -78.5% | -650.6% | -3689.6% | -8375.0% | -12800.0% |
| Supplementary Data | ||||||||||||||||||||||||||||
| EPS | 30.13 | 26.44 | 21.04 | 15.98 | 10.60 | 11.65 | -2.39 | 13.54 | 9.50 | 16.29 | 14.17 | 7.06 | 3.49 | 5.84 | 3.81 | 1.89 | 0.37 | -0.93 | 0.47 | 1.61 | 1.43 | 0.36 | -0.24 | -0.57 | -0.92 | -1.97 | -1.26 | -0.77 |
| Diluted EPS | 27.86 | 24.64 | 19.81 | 15.00 | 10.06 | 11.54 | -2.39 | 13.39 | 9.31 | 15.25 | 12.72 | 6.28 | 3.28 | 5.71 | 3.67 | 1.78 | 0.35 | -0.93 | 0.44 | 1.53 | 1.29 | 0.33 | -0.24 | -0.57 | -0.92 | -1.97 | -1.26 | -0.77 |
| Weighted Average OS | 44.30M | 45.20M | 46.80M | 45.50M | 44.90M | 44.20M | 43.80M | 43.50M | 44.00M | 43.80M | 46.00M | 48.18M | 50.08M | 52.09M | 57.16M | 56.14M | 53.31M | 45.80M | 42.45M | 46.02M | 45.65M | 43.45M | 42.27M | 41.29M | 40.57M | 38.47M | 26.69M | 16.64M |
| EBITDA | $1.82B | $1.65B | $1.39B | $1.04B | $736.8M | $646.3M | -$74.9M | $838.4M | $1.05B | $1.09B | $1.08B | $574.97M | $323.76M | $484.45M | $341.02M | $185.47M | $43.04M | -$67.75M | $22.18M | $28.98M | $50.09M | $17.83M | -$9.2M | -$14.87M | -$43.42M | -$81.58M | -$36.66M | -$13.35M |
| EBITDA Margin | 57.2% | 57.5% | 59.6% | 53.7% | 43.7% | 43.6% | -5.2% | 51.5% | 61.1% | 68.2% | 73.8% | 44.6% | 29.0% | 52.9% | 45.9% | 30.7% | 11.6% | -24.1% | 10.5% | 18.2% | 43.2% | 24.2% | -17.2% | -49.4% | -757.6% | -3981.0% | -9165.9% | -13346.2% |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Assets | ||||||||||||||||||||||||||||
| Current Assets | ||||||||||||||||||||||||||||
| Cash and Cash Equivalents | $1.56B | $1.7B | $1.21B | $961.2M | $894.8M | $738.7M | $738.4M | $669.2M | $705.1M | $1.02B | $831.8M | $397.7M | $278.89M | $154.03M | $162.68M | $252.16M | $100.35M | $129.45M | $139.32M | $91.07M | $69.18M | $82.59M | $68.56M | $122.66M | $24.37M | $200.94M | $18.3M | $6.8M |
| Short-Term Investments | $0 | $1.57B | $1.79B | $1.88B | $1.04B | $1.1B | $747.5M | $746.7M | $222.3M | $27.8M | $122M | $297.84M | $409.64M | $325.18M | $240.8M | $374.92M | $129.14M | $106.6M | $150.73M | $136.68M | $56.3M | $200K | $0 | $0 | $31.68M | $14.48M | $33.3M | $0 |
| Cash and Short-Term Investments | $1.56B | $3.27B | $2.99B | $2.84B | $1.93B | $1.83B | $1.49B | $1.42B | $927.4M | $1.05B | $953.8M | $695.54M | $693.9M | $479.2M | $403.48M | $627.08M | $229.49M | $236.05M | $290.05M | $227.75M | $125.48M | $82.79M | $68.56M | $122.66M | $56.05M | $215.42M | $51.6M | $6.8M |
| Accounts Receivable | $350.2M | $279.3M | $278.9M | $220.4M | $198.7M | $157.4M | $151.4M | $175.7M | $297.1M | $214.5M | $192.83M | $162.29M | $126.3M | $116.63M | $88.68M | $73.71M | $53.26M | $30.6M | $29.66M | $25.64M | $18.99M | $15.81M | $10.61M | $9.66M | $4.22M | $2.35M | $400K | $100K |
| Inventory | $183.1M | $157.9M | $111.8M | $102M | $93.8M | $86.5M | $93.4M | $101M | $107.9M | $100M | $81.33M | $66.93M | $47.76M | $37.25M | $45.98M | $35.52M | $26.36M | $14.37M | $13.21M | $12.05M | $11.26M | $8.01M | $8.12M | $7.16M | $6.02M | $2.9M | $0 | $0 |
| Other Current Assets | $1.61B | $169.7M | $166.2M | $219.2M | $100.4M | $88.3M | -$633.7M | $75.4M | $115.5M | $59.5M | $169.38M | $49.44M | $46.42M | $18.33M | $14.39M | $19.43M | $7.19M | $4.83M | $13.59M | $2.69M | $4.64M | $654K | $557K | $1.15M | $1.79M | $1.45M | $700K | $9.9M |
| Total Current Assets | $3.7B | $3.87B | $3.55B | $3.38B | $2.32B | $2.17B | $1.86B | $1.77B | $1.45B | $1.42B | $1.28B | $974.2M | $909.01M | $668.47M | $562.46M | $765.05M | $324.51M | $297.45M | $352.46M | $277.37M | $166.76M | $110.49M | $89.72M | $141.86M | $69M | $222.12M | $52.7M | $16.8M |
| Long-Term Assets | ||||||||||||||||||||||||||||
| Property, Plant & Equipment Net | $1.73B | $1.22B | $1.05B | $861.5M | $780.9M | $731.6M | $738.5M | $699.7M | $545.7M | $489.3M | $495.77M | $478.42M | $464.95M | $453.69M | $366.05M | $306.04M | $303.86M | $221.07M | $69.35M | $34.68M | $21.8M | $17.8M | $15.22M | $9.12M | $6.4M | $5.94M | $3.8M | $1.3M |
| Goodwill | $0 | $32.3M | $33.7M | $28M | $28M | $28M | $28M | $31.5M | $13.7M | $10.3M | $10.26M | $10.26M | $10.7M | $10.53M | $8.12M | $2.49M | $8.76M | $7.46M | $7.46M | $7.46M | $7.46M | $7.46M | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $116.5M | $79.6M | $80.5M | $16.5M | $16.6M | $130.1M | $130.3M | $139.3M | $31.9M | $23.5M | $18.11M | $19.2M | $3.41M | $5.88M | $13.96M | $7.37M | $9.65M | $373K | $962K | $3.14M | $5.49M | $5.97M | $13.91M | $14.47M | $15.37M | $17.55M | $2.7M | $0 |
| Long-Term Investments | $1.78B | $1.48B | $1.91B | $1.32B | $1.65B | $1.15B | $767.5M | $442.6M | $502.7M | $2.3M | $38M | $122.66M | $448.13M | $311.1M | $349.02M | $137.97M | $188.6M | $146.03M | $53.94M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $357.7M | $458.4M | $394.8M | $327.7M | $261.9M | $238.6M | $230M | $95.7M | $113.4M | $178.3M | $192.68M | $181.72M | $192.72M | $150.15M | $190.75M | $202.13M | $200.97M | $175.97M | $93.7M | $66.89M | $15.1M | -$46.23M | $0 | -$10M | -$116.25B | $0 | $0 | $0 |
| Other Long-Term Assets | $196.9M | $222.1M | $151.8M | $114.3M | $108.2M | $169.9M | $154.6M | $224.2M | $224.1M | $197.1M | $154.2M | $97.95M | $53.27M | $26.78M | $27.72M | $11.14M | $15.19M | $21.66M | $9.14M | $89M | $74.8M | $65.44M | $60.65M | $19.12M | $121.35M | $5.04M | $700K | $600K |
| Total Long-Term Assets | $4.18B | $3.49B | $3.62B | $2.66B | $2.85B | $2.45B | $2.05B | $1.63B | $1.43B | $900.8M | $909.11M | $910.21M | $1.18B | $958.13M | $955.62M | $666.58M | $727.04M | $573.87M | $234.56M | $201.18M | $124.66M | $96.67M | $89.78M | $42.71M | $143.12M | $28.52M | $7.2M | $1.9M |
| 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 |
| Total Assets | $7.88B | $7.36B | $7.17B | $6.04B | $5.17B | $4.62B | $3.91B | $3.4B | $2.88B | $2.33B | $2.18B | $1.88B | $2.09B | $1.63B | $1.52B | $1.43B | $1.05B | $871.32M | $587.02M | $478.55M | $291.41M | $207.16M | $179.5M | $184.57M | $212.12M | $250.64M | $59.9M | $18.7M |
| Liabilities | ||||||||||||||||||||||||||||
| Current Liabilities | ||||||||||||||||||||||||||||
| Accounts Payable | $7.1M | $6M | $5.6M | $4.1M | $3.8M | $4.1M | $9.9M | $23.1M | $8.4M | $8.1M | $7.5M | $7M | $6.71M | $10.2M | $47.26M | $16.15M | $18.75M | $20.33M | $2M | $2.84M | $3.97M | $6.1M | $4.33M | $2.99M | $6.67M | $5.95M | $2.3M | $1.7M |
| Short-Term Debt | $0 | $300M | $400M | $0 | $0 | $0 | $250M | $0 | $0 | $0 | $5.39M | $126.41M | $282.46M | $0 | $0 | $235.97M | $220.27M | $0 | $250.01M | $10K | $15K | $16K | $773K | $111K | $102K | $71K | $100K | $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 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $163.5M | $0 | $0 | $0 | $370.47M | $360.49M | $373.49M | $0 | $0 | $50.28M | $29.76M | $0 | $17.94M | $15.27M | $10.39M | $7.69M | $5.46M | $4.45M | $3.45M | $0 | $0 | $0 |
| Other Current Liabilities | $39.3M | $432.1M | $40.5M | $13M | $248M | $20.4M | -$141.4M | $215.6M | $401.7M | $293.8M | $42.84M | $10.41M | $25.02M | $140.54M | $148.38M | $165.3M | $82.46M | $30.77M | $14.77M | $12.54M | $7.63M | $5.87M | $60K | $1.76M | $575K | $5.47M | $2.2M | $100K |
| Total Current Liabilities | $560.6M | $738.1M | $804.4M | $343.2M | $305.4M | $323.3M | $463M | $276.6M | $444.7M | $332.5M | $440.82M | $504.31M | $687.67M | $176.75M | $212.58M | $428.69M | $330.19M | $57.83M | $272.76M | $19.25M | $14.52M | $13.86M | $10.62M | $9.31M | $10.8M | $11.49M | $4.6M | $1.8M |
| Long-Term Liabilities | ||||||||||||||||||||||||||||
| Long-Term Debt | $0 | $0 | $300M | $800M | $800M | $800M | $600M | $250M | $250M | $0 | $0 | $0 | $3.72M | $275.01M | $194.18M | $68.93M | $0 | $249.98M | $2K | $250.01M | $8K | $10K | $25K | $1.77M | $1.84M | $1.84M | $1.8M | $300K |
| Long-Term Unearned Revenue | $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 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.58M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $192.9M | $181.9M | $77.8M | $104.6M | $104.8M | $96.5M | $70M | $66.6M | $63.7M | $130.9M | $143.97M | $114.53M | $91.86M | $79.97M | $162.83M | $50.13M | $38.02M | $26.55M | $18.47M | $3.08M | $1.78M | $1.64M | $1.09M | $1.83M | $3.09M | $2.58M | -$100K | -$100K |
| Total Long-Term Liabilities | $223.2M | $181.9M | $377.8M | $904.6M | $904.8M | $896.5M | $670M | $316.6M | $313.7M | $130.9M | $143.97M | $114.53M | $95.58M | $354.98M | $357.01M | $119.06M | $68.35M | $305.79M | $18.47M | $254.69M | $1.79M | $1.66M | $1.12M | $3.6M | $4.92M | $4.42M | $1.7M | $200K |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $19.2M | $19.2M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $783.8M | $920M | $1.18B | $1.25B | $1.21B | $1.22B | $1.13B | $612.4M | $777.6M | $463.4M | $584.8M | $618.84M | $783.26M | $531.73M | $569.59M | $547.75M | $398.54M | $363.62M | $291.23M | $273.94M | $16.31M | $15.52M | $11.74M | $12.91M | $15.72M | $15.91M | $6.3M | $2M |
| Stockholders' Equity | ||||||||||||||||||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $19.2M | $19.2M | $10.9M | $11.1M | $23.22M | $45.04M | $10.88M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $800K | $800K | $700K | $700K | $700K | $700K | $700K | $700K | $700K | $700K | $690K | $660K | $630K | $621K | $615K | $600K | $567K | $276K | $266K | $246K | $239K | $229K | $218K | $215K | $208K | $207K | $200K | $0 |
| Retained Earnings | $8.56B | $7.22B | $6.03B | $5.04B | $4.32B | $3.84B | $3.33B | $3.43B | $2.85B | $2.43B | $1.72B | $1.07B | $728.04M | $553.48M | $249.04M | $31.17M | -$74.75M | -$78.51M | -$21.5M | -$41.36M | -$115.33M | -$180.34M | -$195.39M | -$185.82M | -$162.17M | -$124.88M | -$49.3M | -$15.8M |
| Comprehensive Income & Other | $900K | -$3.4M | -$12.8M | -$55.5M | -$23M | -$14.2M | -$14.2M | -$7.9M | -$19.6M | -$16.8M | -$20.4M | -$16.73M | -$13.18M | -$14.96M | -$10.88M | -$9.18M | -$4.31M | -$5.91M | $317K | $1.48M | $3.59M | $2.68M | $1.67M | $8K | -$1.37M | -$492K | -$200K | $0 |
| Other Stockholders' Equity | -$1.46B | -$779M | -$43M | -$246.3M | -$356.8M | -$444.7M | -$545.5M | -$646.9M | -$744.5M | -$572M | -$120.8M | $196.8M | $575.64M | $540.76M | $698.84M | $852.12M | $727.19M | $585.94M | $317.02M | $245.72M | $390.19M | $371.75M | $362.94M | $357.26M | $358.36M | $359.41M | $102.7M | $32.5M |
| Total Equity | $7.1B | $6.44B | $5.98B | $4.8B | $3.96B | $3.4B | $2.78B | $2.79B | $2.1B | $1.86B | $1.6B | $1.27B | $1.3B | $1.09B | $948.49M | $883.89M | $653.01M | $507.7M | $295.79M | $204.61M | $275.1M | $191.64M | $167.76M | $171.66M | $196.4M | $234.74M | $53.6M | $16.7M |
| 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 |
| Total Liabilities and Equity | $7.88B | $7.36B | $7.17B | $6.04B | $5.17B | $4.62B | $3.91B | $3.4B | $2.88B | $2.33B | $2.18B | $1.88B | $2.09B | $1.63B | $1.52B | $1.43B | $1.05B | $871.32M | $587.02M | $478.55M | $291.41M | $207.16M | $179.5M | $184.57M | $212.12M | $250.64M | $59.9M | $18.7M |
| Supplementary Data | ||||||||||||||||||||||||||||
| Total Debt | $37.6M | $300M | $700M | $800M | $800M | $800M | $850M | $250M | $250M | $0 | $5.39M | $126.41M | $286.18M | $276.3M | $265.63M | $304.9M | $250.6M | $234.95M | $250M | $250.03M | $23K | $26K | $798K | $1.88M | $1.94M | $1.91M | $1.9M | $300K |
| Net Debt | -$1.52B | -$1.4B | -$507.7M | -$161.2M | -$94.8M | $61.3M | $111.6M | -$419.2M | -$455.1M | -$1.02B | -$826.41M | -$271.28M | $1.93M | $122.27M | $102.96M | $52.73M | $150.25M | $105.5M | $110.68M | $158.96M | -$69.16M | -$82.56M | -$67.76M | -$120.78M | -$22.43M | -$199.03M | -$16.4M | -$6.5M |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Operating Activities | ||||||||||||||||||||||||||||
| Net Income | $1.33B | $1.2B | $984.8M | $727.3M | $475.8M | $514.8M | -$104.5M | $589.2M | $417.9M | $713.7M | $651.6M | $340.1M | $174.56M | $304.44M | $217.87M | $105.92M | $19.46M | -$42.79M | $19.86M | $73.97M | $65.02M | $15.45M | -$9.97M | -$23.65M | -$37.29M | -$75.61M | -$33.5M | -$12.8M |
| Depreciation & Amortization | $85.6M | $72.5M | $53.2M | $51.3M | $49.9M | $49.9M | $45.9M | $35.9M | $31M | $31.6M | $32.9M | $32.2M | $31.26M | $27.14M | $20.54M | $17.92M | $11.39M | $4.54M | $957K | $1.46M | $2.41M | $2.28M | $2.33M | $3.13M | $3.51M | -$80K | -$1.3M | $0 |
| Deferred Income Tax | $97.7M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $185.11M | $104.34M | $136.23M | $81.43M | $41.92M | -$1.04M | -$34.39M | -$3.28M | -$37.05M | -$18.13M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $147.7M | $144M | $39.1M | $106.8M | $138.5M | $163.8M | $45.4M | -$26.4M | $73.5M | $12.1M | $280.3M | $190.1M | $320.79M | $30.11M | -$15.71M | $113.94M | $101.02M | $28.7M | $48.7M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | ||||||||||||||||||||||||||||
| Accounts Receivable | -$70.9M | -$400K | -$58.5M | -$21.7M | -$41.3M | -$6M | $24.4M | $121.4M | -$82.7M | -$21.7M | -$30.5M | -$35.7M | -$10.03M | -$23.99M | -$16.16M | -$23.45M | -$21.96M | -$2.33M | -$4.03M | -$8.87M | -$220K | $0 | $0 | -$8.27M | -$196.7M | $0 | $0 | $0 |
| Inventory | -$52.6M | -$46.9M | -$13.6M | -$13.4M | -$7.5M | $10.3M | $12.9M | $9.3M | -$500K | -$24.5M | -$6.8M | -$21M | -$12.39M | -$5.93M | -$16.05M | -$9.2M | -$9.06M | -$2.63M | -$2.34M | -$1.01M | -$3.46M | -$385K | -$1.2M | -$1.87M | -$4.04M | -$2.12M | $0 | $0 |
| Accounts Payable | $97.9M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $66.2M | $600K | $16.97M | -$6.75M | $7.51M | -$37.21M | $16.66M | -$2.73M | -$3.65M | $18.51M | -$1.07M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | -$80.9M | -$12.9M | -$25.7M | -$106.1M | -$125.4M | $58.8M | -$215.6M | -$6.3M | -$61.4M | -$71.8M | -$181.77M | -$137.05M | -$97.41M | -$141.06M | -$95.7M | -$39.43M | -$16.63M | -$4.51M | $3.24M | $5.38M | -$4.34M | $5.47M | -$474K | -$5.34M | -$185K | $4.26M | $1.9M | $1.3M |
| Total Working Capital Change | -$106.4M | -$60.2M | -$97.8M | -$141.2M | -$174.2M | $63.1M | -$178.3M | $124.4M | -$78.4M | -$117.4M | -$202.1M | -$200.5M | -$112.32M | -$208.19M | -$111.25M | -$74.81M | -$51.29M | $9.04M | -$4.2M | -$5.3M | -$8.25M | $1.42M | -$3.05M | -$13.14M | -$7.19M | $1.74M | $1.8M | $1.2M |
| Other Non-Cash Items | $2M | -$24.3M | -$1.3M | $58.3M | $108.2M | -$35.9M | -$15.1M | $55.3M | $30.2M | $3.6M | -$379.9M | -$191.71M | -$93.36M | $33.89M | $57.33M | $6.64M | $20.18M | -$7.75M | -$15.57M | $16.31M | $2.11M | $1.64M | $2.14M | $11.4M | $2.06M | $42.83M | $9.3M | $2M |
| Net Cash from Operating | $1.56B | $1.33B | $978M | $802.5M | $598.2M | $755.7M | -$206.6M | $778.4M | $474.2M | $643.6M | $382.8M | $355.3M | $425.27M | $323.63M | $250.19M | $211.53M | $99.72M | -$49.2M | $48.95M | $49.39M | $43.17M | $20.78M | -$8.56M | -$22.26M | -$38.9M | -$31.11M | -$23.7M | -$9.6M |
| Investing Activities | ||||||||||||||||||||||||||||
| Capital Expenditures | -$520.5M | -$246.5M | -$230.4M | -$138.8M | -$120.8M | -$59.3M | -$83.7M | -$184.4M | -$86.3M | -$43.2M | -$49.79M | -$47.44M | -$31.91M | -$111.91M | -$35.98M | -$18.64M | -$95.4M | -$124.42M | -$38.66M | -$15.63M | -$6.12M | -$5.22M | -$7M | -$3.58M | -$687K | -$640K | -$2.3M | -$1M |
| Acquisitions | $0 | -$30.5M | -$89.2M | -$1.5M | $0 | $0 | -$20.5M | -$129.1M | -$60.3M | -$43.3M | $0 | $0 | -$30.77M | $0 | -$3.55M | $0 | -$3.57M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$8.13M | $0 | $0 |
| Purchases of Investments | -$3.46B | -$1.65B | -$2.51B | -$1.71B | -$1.9B | -$2.31B | -$1.27B | -$862M | -$770.2M | -$800K | -$117M | -$163.7M | -$792.96M | -$579.32M | -$815.68M | -$662.23M | -$310.63M | -$345.96M | -$301.99M | -$204.75M | -$77.53M | -$37.47M | -$44.71M | -$11.22M | -$152.52M | -$56.66M | -$114.3M | -$10.5M |
| Sales of Investments | $1.58B | $2.37B | $2.14B | $1.03B | $1.53B | $1.63B | $1.04B | $400.9M | $72.9M | $130.4M | $320.4M | $549.6M | $529.9M | $527.86M | $733.88M | $457.73M | $249.08M | $297.9M | $318.94M | $118.76M | $12.9M | $30M | $0 | $140.57M | $18.39M | $76.45M | $92.6M | $0 |
| Other Investing Activities | $1.85B | -$28.5M | -$23M | $3.5M | $0 | $2.4M | $0 | -$46M | $8.3M | $0 | $350M | $0 | $30.77M | $0 | $0 | $13.9M | -$2.1M | $0 | $0 | $0 | $0 | -$179K | $4.18M | -$5.41M | $40K | -$3.87M | -$100K | $0 |
| Net Cash from Investing | -$551.3M | $417.2M | -$719.6M | -$811.5M | -$486.9M | -$738.5M | -$335.4M | -$820.6M | -$835.6M | $48.3M | $503.6M | $338.5M | -$294.97M | -$163.36M | -$121.33M | -$209.24M | -$160.52M | -$172.48M | -$21.71M | -$104.03M | -$71.28M | -$12.87M | -$47.54M | $120.36M | -$134.78M | $7.16M | -$24.1M | -$11.5M |
| Financing Activities | ||||||||||||||||||||||||||||
| Debt Repaid | - | - | $100M | - | - | $50M | -$600M | - | -$250M | $8.8M | $133.2M | $177.8M | $1.32M | $999K | $1.04M | -$38.56M | - | $23K | $10K | -$242.01M | $795K | $774K | $2.08M | $60K | $80K | $59K | -$1.1M | - |
| Common Stock Issuance | $183.1M | $0 | $0 | $0 | $0 | $0 | $0 | $3.9M | $4.1M | $4.3M | $3.95M | $3.33M | $2.73M | $0 | $0 | $0 | $0 | $150M | $58.34M | $14.45M | $14.96M | $7.09M | $4.08M | $245K | $0 | $210.58M | $58.4M | $22.9M |
| Common Stock Repurchases | -$1B | -$1.01B | -$13.8M | -$11.4M | -$10.8M | -$3.7M | -$2.1M | $0 | -$250M | -$500M | -$394.5M | -$483.1M | -$42.44M | -$188M | -$212M | $0 | $0 | $0 | -$67.06M | -$193.09M | $0 | $0 | $0 | $0 | -$2.8M | -$4.07M | $0 | $0 |
| Dividends Paid | $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 Financing Activities | -$33.1M | $157.4M | $101.9M | $86.8M | $55.6M | $36.8M | $13.3M | $6.3M | $43.3M | $11.1M | $80.7M | $84.3M | $38.64M | $19.86M | -$5.04M | $108.2M | $36.48M | $63.05M | $58.34M | $10.76M | $0 | $0 | $0 | $0 | $0 | $159K | -$200K | $0 |
| Net Cash from Financing | -$1.15B | -$1.25B | -$11.9M | $75.4M | $44.8M | -$16.9M | $611.2M | $6.3M | $43.3M | -$497.7M | -$447M | -$576.6M | -$5.12M | -$169.14M | -$218.08M | $146.76M | $36.48M | $213M | $20.88M | $74.13M | $14.17M | $6.32M | $2.01M | $185K | -$2.88M | $206.61M | $59.3M | $22.9M |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $200K | -$3M | -$5.3M | -$3.8M | -$319K | $229K | -$269K | $2.76M | -$2.68M | -$1.23M | $136K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | -$140.1M | $489.5M | $246.5M | $66.4M | $156.1M | $300K | $69.2M | -$35.9M | -$317.9M | $191.2M | $434.1M | $113.44M | $124.86M | -$8.65M | -$89.49M | $151.81M | -$29.1M | -$9.87M | $48.26M | $21.89M | -$13.41M | $14.22M | -$54.09M | $98.28M | -$176.56M | $182.66M | $11.5M | $22.9M |
| Supplementary Data | ||||||||||||||||||||||||||||
| Operating Cash Flow | $1.56B | $1.33B | $978M | $802.5M | $598.2M | $755.7M | -$206.6M | $778.4M | $474.2M | $643.6M | $382.8M | $355.3M | $425.27M | $323.63M | $250.19M | $211.53M | $97.62M | -$49.17M | $49.08M | $51.78M | $43.7M | $20.78M | -$8.56M | -$22.26M | -$38.9M | -$31.11M | -$23.7M | -$9.6M |
| Capital Expenditure | -$520.5M | -$246.5M | -$230.4M | -$138.8M | -$120.8M | -$59.3M | -$83.7M | -$184.4M | -$86.3M | -$43.2M | -$49.79M | -$47.44M | -$31.91M | -$111.91M | -$35.98M | -$18.64M | -$95.4M | -$124.42M | -$38.66M | -$15.63M | -$6.12M | -$5.22M | -$7M | -$3.58M | -$687K | -$640K | -$2.3M | -$1M |
| Free Cash Flow | $1.04B | $1.08B | $747.6M | $663.7M | $477.4M | $696.4M | -$290.3M | $594M | $387.9M | $600.4M | $333.01M | $307.86M | $393.36M | $211.72M | $214.22M | $192.89M | $2.22M | -$173.59M | $10.43M | $36.15M | $37.58M | $15.56M | -$15.57M | -$25.84M | -$39.59M | -$31.75M | -$26M | -$10.6M |
| Cash at Beginning | $1.7B | $1.21B | $961.2M | $894.8M | $738.7M | $738.4M | $669.2M | $705.1M | $1.02B | $831.8M | $397.7M | $284.26M | $154.03M | $162.68M | $252.16M | $100.35M | $129.45M | $139.32M | $91.07M | $69.18M | $82.59M | $68.36M | $122.66M | $24.37M | $200.94M | $18.28M | $6.8M | $5M |
| Cash at End | $1.56B | $1.7B | $1.21B | $961.2M | $894.8M | $738.7M | $738.4M | $669.2M | $705.1M | $1.02B | $831.8M | $397.7M | $278.89M | $154.03M | $162.68M | $252.16M | $100.35M | $129.45M | $139.32M | $91.07M | $69.18M | $82.59M | $68.56M | $122.66M | $24.37M | $200.94M | $18.3M | $27.9M |