VEON Ltd. (VEON)
VEON Ltd. provides telecommunications and digital services in Pakistan, Ukraine, Kazakhstan, Bangladesh, and Uzbekistan. The company offers mobile telecommunications services under prepaid and postpaid subscriptions, including value-added and call completion services, national and international roaming services, wireless Internet access, mobile financial services, and mobile bundles; fixed-line telecommunications using fiber optic networks; cross-border transmission services; prepaid scratch cards and electronic recharge options; mobile services on 2G, 3G, and 4G/LTE networks; cloud solutions, including consumer storage apps; local, long-distance, and international voice services; and customer support through contact centers. It also provides FikrFree, a digital insurance marketplace; Tamasha, a video streaming app; ROX, a digital lifestyle brand; Garaj, a cloud platform; ApnaClinic and Helsi digital healthcare platforms; SIMOSA, ZARR, and RYZE lifestyle platforms; Kyivstar TV, a media streaming service; My Kyivstar, a self-service application; Uklon, a ride-hailing and delivery platform; Adwisor, an adtech platform; Simply, a mobile-only neobank; BeeTV, an entertainment platform; Hitter and riitm music streaming platforms; MyBL, Janymda, and Hambi super-apps; AI tutor, an AI-powered learning assistant; Toffee, an infotainment platform; BCloud, a digital infrastructure solution; Beepul, a financial services solution; KINOM, a digital entertainment platform; BeeMarket, an electronics and home appliance marketplace; Hambi Davo, a suite of digital health services; and OQ, a digital platform. The company distributes its products and services through a direct sales force, franchises, third-party retailers, distributors, supermarkets, stores, chains, online, offices, and other channels. The company was formerly known as VimpelCom Ltd. and changed its name to VEON Ltd. in March 2017. VEON Ltd. was founded in 1992 and is headquartered in Dubai, the United Arab Emirates.
Sector: Radiotelephone Communications
Industry: Telecommunications Services
VEON Ltd.
NASDAQ:VEONCommunication Services · Telecommunications Services
AHAfter hours+0.03%$76.75
Prev close$77.57-1.08%Close$76.73+0.03%Now$76.75
Close$76.73-1.08%
Mkt Cap$5.28B
Float16.87M
O/S68.86M
VOL106K sh
$ Vol$8.16M
RVOL0.55×
Inst Own22.3%
SI1.2%
Dilution
Financials Summary
Revenue$4.47B
Net Income$541.13M
Total Assets$9.21B
Free Cash Flow$630.64M
Debt & Equity
Debt 79%
Equity 21%
Total Debt$5.14B
Total Equity$1.34B
Shares Outstanding
Short Interest
Split History1 split · 1 reverse
- 1:25Reverse splitMar 8, 202325 shares → 1
Balance Sheet Details
Assets$9.21B
Liabilities$7.58B
Accounts Receivable$643.89M
Accounts Payable$1.44B
Inventory$31.99M
PP&E (Net)$3.76B
Goodwill$0
Intangible Assets$1.55B
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | 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 |
| Revenue | $4.47B | $4B | $3.7B | $3.75B | $3.85B | $3.48B | $8.05B | $9.09B | $9.47B | $8.88B | $9.61B | $13.49B | $15.97B | $23.06B | $20.25B | $10.51B | $8.7B | $10.12B | $7.17B | $4.87B |
| YoY Growth | 11.8% | 8.3% | -1.5% | -2.5% | 10.6% | -56.8% | -11.4% | -4.1% | 6.6% | -7.5% | -28.8% | -15.5% | -30.8% | 13.9% | 92.6% | 20.8% | -14.0% | 41.1% | 47.3% | - |
| Cost of Revenue | $1.35B | $515M | $441M | $476M | $484M | $454M | $1.84B | $2.12B | $2.14B | $1.99B | $2.17B | $3.18B | $4.03B | $6.13B | $5.63B | $2.47B | $1.99B | $2.36B | $1.32B | $890.73M |
| Gross Profit | $3.12B | $3.49B | $3.26B | $3.28B | $3.37B | $3.03B | $6.21B | $6.97B | $7.33B | $6.9B | $7.44B | $10.3B | $11.93B | $16.93B | $14.62B | $8.04B | $6.71B | $7.75B | $5.86B | $3.98B |
| Gross Margin | 69.8% | 87.1% | 88.1% | 87.3% | 87.4% | 87.0% | 77.1% | 76.7% | 77.4% | 77.7% | 77.4% | 76.4% | 74.7% | 73.4% | 72.2% | 76.5% | 77.1% | 76.6% | 81.7% | 81.7% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $2.08B | $1.73B | $1.57B | $1.5B | $1.48B | $1.36B | $2.58B | $3.48B | $3.53B | $3.42B | $4.34B | $4.38B | $5.93B | $6.8B | $6.32B | $3.06B | $2.39B | $2.84B | $2.21B | $1.5B |
| Other | $0 | $648M | $756M | $613M | $867M | $845M | $1.76B | $2.94B | $2.34B | $2.39B | $2.58B | $4.05B | $0 | $0 | $4.9B | $2.13B | $1.75B | $1.94B | $1.44B | $1.08B |
| Total Operating Expenses | $2.08B | $2.38B | $2.33B | $2.12B | $2.34B | $2.21B | $4.34B | $6.42B | $5.87B | $5.82B | $6.91B | $8.43B | $12.45B | $12.77B | $11.22B | $5.19B | $4.14B | $4.77B | $3.65B | $2.58B |
| Operating Income (EBIT) | $1.04B | $1.11B | $929M | $1.16B | $1.02B | $823M | $1.86B | $554M | $1.47B | $1.08B | $524M | $1.87B | $2.62B | $4.76B | $2.85B | $2.79B | $2.58B | $2.54B | $2.21B | $1.4B |
| Operating Margin | 23.3% | 27.7% | 25.1% | 31.0% | 26.6% | 23.6% | 23.2% | 6.1% | 15.5% | 12.2% | 5.5% | 13.9% | 16.4% | 20.6% | 14.1% | 26.6% | 29.6% | 25.1% | 30.8% | 28.7% |
| Interest Expense | $544.18M | $495M | $531M | $583M | $591M | $569M | $876M | $816M | $935M | $830M | $829M | $1.08B | $2.15B | $2.03B | $1.59B | $536M | $598.53M | $495.63M | $194.84M | $186.4M |
| Interest Income | $52.89M | $49M | $60M | $32M | $13M | $19M | $52M | $67M | $95M | $69M | $52M | $54M | $90M | $154M | $120M | $69M | $51.71M | $71.62M | $33.02M | $15.47M |
| Other Income (Expense) | -$245.14M | -$406M | -$370M | -$361M | -$559M | -$450M | -$821M | -$802M | -$1.14B | -$796M | -$1.12B | -$1.5B | -$4.27B | -$2.48B | -$2B | -$347M | -$1.03B | -$1.64B | -$85.83M | -$185.18M |
| Income Before Tax (EBT) | $798.48M | $704M | $559M | $802M | $464M | $373M | $1.04B | -$248M | $328M | $288M | -$595M | $375M | -$1.64B | $2.28B | $854M | $2.45B | $1.55B | $891.23M | $2.12B | $1.21B |
| Income Tax Expense | $197.33M | $217M | $179M | $69M | $344M | $279M | $462M | $369M | $472M | $635M | $220M | $598M | $1.81B | $906M | $585M | $574M | $435.03M | $303.93M | $593.93M | $390.66M |
| Net Income | $541.13M | $415M | -$2.53B | -$162M | $674M | -$349M | $622.01M | $582M | -$505M | $2.33B | -$655M | -$647M | -$1.99B | $1.54B | $543M | $1.81B | $1.12B | $524.33M | $1.46B | $811.49M |
| Net Income Margin | 12.1% | 10.4% | -68.4% | -4.3% | 17.5% | -10.0% | 7.7% | 6.4% | -5.3% | 26.2% | -6.8% | -4.8% | -12.5% | 6.7% | 2.7% | 17.2% | 12.9% | 5.2% | 20.4% | 16.7% |
| Supplementary Data | ||||||||||||||||||||
| EPS | 7.50 | 5.86 | -35.93 | -2.25 | 9.61 | -4.99 | 8.89 | -9.99 | -7.24 | 7.87 | -9.21 | -9.25 | -38.25 | 23.75 | 9.00 | 37.50 | 27.25 | 261.03 | 36.00 | 20.00 |
| Diluted EPS | 7.50 | 5.73 | -36.00 | -2.25 | 9.57 | -4.99 | 8.89 | -9.99 | -7.24 | 7.87 | -9.21 | -9.25 | -38.25 | 23.75 | 9.00 | 37.50 | 27.67 | 261.03 | 36.00 | 20.00 |
| Weighted Average OS | 71.76M | 70.80M | 70.24M | 70.12M | 70.12M | 69.96M | 69.96M | 69.04M | 69.96M | 69.96M | 69.92M | 69.92M | 68.44M | 64.72M | 60.96M | 48.28M | 40.52M | 40.57M | 40.57M | 40.57M |
| EBITDA | $2.16B | $1.69B | $1.61B | $1.77B | $1.84B | $1.73B | $3.58B | $3.28B | $3.65B | $3.26B | $2.88B | $5.63B | $7.45B | $9.77B | $7.26B | $5B | $3.85B | $3.27B | $3.71B | $2.45B |
| EBITDA Margin | 48.2% | 42.3% | 43.4% | 47.2% | 47.8% | 49.8% | 44.5% | 36.1% | 38.6% | 36.7% | 29.9% | 41.7% | 46.7% | 42.4% | 35.9% | 47.5% | 44.2% | 32.3% | 51.7% | 50.4% |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | 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 |
| Assets | |||||||||||||||||||
| Current Assets | |||||||||||||||||||
| Cash and Cash Equivalents | $1.73B | $1.69B | $1.9B | $3.11B | $2.25B | $1.67B | $1.25B | $1.81B | $1.3B | $2.94B | $3.61B | $6.34B | $4.45B | $4.95B | $2.33B | $885.13M | $1.45B | $914.68M | $1B |
| Short-Term Investments | $0 | $357M | $433M | $120M | $86M | $90M | $82M | $88M | $1.13B | $190M | $395M | $266M | $440M | $270M | $176.13M | $0 | $0 | $0 | $42.71M |
| Cash and Short-Term Investments | $1.73B | $2.05B | $2.33B | $3.23B | $2.34B | $1.76B | $1.33B | $1.9B | $2.43B | $3.13B | $4.01B | $6.61B | $4.89B | $5.22B | $2.67B | $885.13M | $1.45B | $914.68M | $1.05B |
| Accounts Receivable | $643.89M | $572M | $645M | $577M | $920M | $804M | $802M | $838M | $1.17B | $1.03B | $1.06B | $2.27B | $2.71B | $2.91B | $3.17B | $791M | $754.69M | $935.64M | $401.5M |
| Inventory | $31.99M | $15M | $23M | $73M | $111M | $111M | $169M | $141M | $72M | $125M | $104M | $117M | $192M | $167M | $589M | $137.41M | $61.92M | $142.65M | $58.84M |
| Other Current Assets | $704.88M | $218M | $60M | $54M | $2.02B | $133M | $151M | $196M | $238M | $32M | $15.33B | $455M | $427M | $134M | -$348M | $475.94M | $703.05M | $172.81M | $138.84M |
| Total Current Assets | $3.11B | $2.9B | $3.16B | $3.98B | $5.42B | $2.85B | $2.5B | $3.11B | $3.94B | $4.55B | $20.52B | $9.59B | $8.76B | $9.54B | $7.18B | $2.33B | $2.97B | $2.41B | $1.73B |
| Long-Term Assets | |||||||||||||||||||
| Property, Plant & Equipment Net | $3.76B | $3.02B | $2.9B | $2.85B | $6.72B | $6.88B | $7.34B | $4.93B | $6.1B | $6.72B | $6.24B | $11.85B | $15.56B | $15.67B | $14.87B | $6.9B | $5.56B | $6.43B | $5.5B |
| Goodwill | $0 | $338M | $349M | $394M | $1.54B | $2.68B | $3.96B | $3.82B | $4.39B | $4.7B | $4.22B | $10.29B | $14.71B | $16.96B | $17.03B | $7B | $3.28B | $3.48B | $1.04B |
| Intangible Assets | $1.55B | $1.17B | $1.27B | $1.57B | $1.7B | $1.47B | $1.73B | $1.85B | $2.17B | $2.26B | $2.22B | $7.72B | $9.84B | $10.6B | $11.77B | $2.67B | $1.69B | $2.2B | $1.8B |
| Long-Term Investments | $143.97M | $65M | $53M | $71M | $99M | $305M | $235M | $58M | $1.96B | $2.57B | $365M | $867M | $711M | $2.26B | $1.27B | $446.13M | $436.77M | $493.55M | $5.91M |
| Deferred Tax Assets | $417.93M | $368M | $312M | $274M | $228M | $186M | $134M | $197M | $272M | $343M | $133M | $575M | $340M | $312M | $386M | $0 | $1.1M | $504.66M | $109.32M |
| Other Long-Term Assets | $233.96M | $177M | $178M | $5.95B | $216M | $179M | $163M | $135M | $227M | $143M | $133M | $117M | $70M | $18M | $1.02B | $581.23M | $790.99M | $220.84M | $388.58M |
| Total Long-Term Assets | $6.1B | $5.14B | $5.06B | $11.1B | $10.5B | $11.7B | $13.56B | $10.99B | $15.11B | $16.73B | $13.32B | $31.41B | $41.23B | $45.82B | $46.35B | $17.6B | $11.77B | $13.32B | $8.84B |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$1M | $0 | $818M | $0 | $650M | $0 | $0 | $0 | $0 |
| Total Assets | $9.21B | $8.04B | $8.22B | $15.08B | $15.92B | $14.55B | $16.06B | $14.1B | $19.52B | $21.28B | $33.84B | $41B | $50.42B | $55.36B | $54.48B | $19.93B | $14.73B | $15.73B | $10.57B |
| Liabilities | |||||||||||||||||||
| Current Liabilities | |||||||||||||||||||
| Accounts Payable | $1.44B | $1.28B | $1.2B | $1.09B | $2.03B | $1.95B | $1.85B | $1.43B | $1.54B | $1.74B | $1.77B | $4.01B | $4.73B | $4.58B | $4.57B | $1.02B | $545.69M | $896.09M | $697.82M |
| Short-Term Debt | $1.1B | $1.67B | $1.69B | $2.84B | $1.24B | $1.25B | $2.58B | $1.29B | $1.27B | $3.05B | $1.69B | $3.19B | $2.43B | $3.39B | $3.12B | $1.23B | $1.81B | $1.91B | $526.51M |
| Current Income Tax Payable | $0 | $309M | $278M | $315M | $546M | $175M | $102M | $32M | $48M | $57M | $24M | $72M | $124M | $866M | $1.1B | $233.85M | $212.77M | $152.19M | $81.76M |
| Current Unearned Revenue | $0 | $129M | $144M | $159M | $212M | $216M | $225M | $350.88M | $374M | $552.94M | $145.98M | $203M | $89M | $89M | $80M | $47M | $28.71M | $0 | $423.61M |
| Other Current Liabilities | $799.86M | $296M | $310M | $293M | $517M | $650M | $811.99M | $1.11B | $1.23B | $1.02B | $1.74B | $2.87B | $3.67B | $3.36B | $1.87B | $713M | $699.99M | $750.97M | $92.03M |
| Total Current Liabilities | $3.43B | $3.63B | $3.58B | $4.64B | $4.38B | $4.41B | $5.77B | $4.41B | $4.64B | $6.56B | $5.54B | $10.56B | $11.31B | $11.88B | $10.29B | $3.17B | $3.41B | $3.81B | $2B |
| Long-Term Liabilities | |||||||||||||||||||
| Long-Term Debt | $4.04B | $3.03B | $3.46B | $5.34B | $9.4B | $8.83B | $7.76B | $6.56B | $10.36B | $8.07B | $8.09B | $23.94B | $26.8B | $25.69B | $25.41B | $4.96B | $5.54B | $6.29B | $2.24B |
| Long-Term Unearned Revenue | $0 | $8M | $13M | $10M | $20M | $17M | $18M | $10M | $12M | $14M | $15M | $76M | $198M | $172M | $146M | $43M | $35.77M | $29.47M | $36.77M |
| Long-Term Deferred Tax Liabilities | $40.99M | $27M | $26M | $36M | $115M | $127M | $141M | $179.94M | $376M | $330.97M | $403.94M | $1.64B | $1.64B | $1.42B | $1.62B | $590M | $596.47M | $644.46M | $576.28M |
| Other Long-Term Liabilities | $64.99M | $90M | $60M | $4.29B | $494M | $152M | $153M | $156.95M | $209M | $177.98M | $15.9B | $811M | $676M | $778M | $1.3B | $151M | $128.87M | $93.35M | $15.85M |
| Total Long-Term Liabilities | $4.15B | $3.15B | $3.56B | $9.67B | $10.03B | $9.13B | $8.07B | $6.91B | $10.96B | $8.59B | $24.42B | $26.46B | $29.32B | $28.06B | $28.8B | $5.92B | $6.3B | $7.3B | $2.87B |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $7.58B | $6.78B | $7.15B | $14.32B | $14.42B | $13.54B | $13.84B | $11.32B | $15.59B | $15.15B | $29.98B | $37.06B | $39.11B | $39.99B | $39.03B | $9.12B | $9.72B | $11.12B | $4.87B |
| Stockholders' Equity | |||||||||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $434K | $129K | $129K | $0 | $0 |
| Common Stock | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $1.3M | $1.03M | $92K | $92K |
| Retained Earnings | -$3B | -$3.53B | -$3.94B | -$1.41B | -$1.25B | -$1.92B | -$1.33B | -$1.41B | -$1.49B | -$439M | -$2.71B | -$1.99B | -$1.29B | $4.76B | $3.91B | $5.15B | $4.07B | $3.27B | $3.33B |
| Comprehensive Income & Other | -$8.42B | -$8.13B | -$7.96B | -$10.78B | -$10.92B | -$10.67B | -$10.2B | -$7.67B | -$6.94B | -$6.36B | -$6.28B | -$5.75B | -$1.72B | -$1.22B | -$1.21B | -$561.15M | -$488.28M | -$88.94M | $801.24M |
| Other Stockholders' Equity | $4.34B | $4.63B | $4.79B | $1.98B | $1.83B | $2.08B | $2.55B | $5.08B | $5.84B | $6.4B | $6.47B | $6.99B | $11.02B | $10.11B | $10.13B | $5.52B | $431.02M | $1.12B | $2.08B |
| Total Equity | $1.34B | $1.1B | $858M | $569M | $586M | $163M | $1.23B | $3.67B | $4.35B | $5.96B | $3.77B | $5.01B | $9.73B | $14.87B | $14.04B | $10.67B | $4.51B | $4.39B | $5.41B |
| Minority Interest | $293.95M | $158M | $213M | $198M | $919M | $850M | $994M | -$891M | -$425M | $82M | $129M | -$1.03B | -$655M | $503M | $1.4B | $142.06M | $510.63M | $221.04M | $288.41M |
| Total Liabilities and Equity | $8.92B | $7.88B | $8.01B | $14.88B | $15B | $13.7B | $15.06B | $14.99B | $19.95B | $21.11B | $33.75B | $42.06B | $48.84B | $54.86B | $53.07B | $19.79B | $14.22B | $15.5B | $10.28B |
| Supplementary Data | |||||||||||||||||||
| Total Debt | $5.14B | $4.69B | $5.16B | $8.18B | $10.65B | $10.06B | $10.34B | $7.86B | $11.63B | $11.12B | $9.79B | $27.12B | $26.8B | $25.69B | $28.84B | $5.66B | $7.35B | $8.44B | $2.77B |
| Net Debt | $3.41B | $3B | $3.25B | $5.07B | $8.39B | $8.42B | $9.09B | $4.76B | $10.32B | $8.17B | $6.17B | $20.78B | $22.35B | $20.74B | $26.52B | $4.78B | $5.91B | $7.53B | $1.76B |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | 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 |
| Operating Activities | ||||||||||||||||||||
| Net Income | $541.13M | $415M | $307M | $656M | $75M | $373M | $1.04B | -$398.05M | -$115.38M | -$385.69M | -$913.44M | -$647M | -$2.63B | $1.54B | $543M | $1.81B | $1.12B | $530.49M | $1.46B | $811.49M |
| Depreciation & Amortization | $815.77M | $731M | $729M | $804.61M | $799M | $792M | $1.95B | $1.84B | $2.09B | $1.97B | $2.07B | $2.64B | $4.82B | $5.01B | $4.79B | $2.01B | $1.69B | $1.9B | $1.39B | $1.05B |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$190.95M | $0 | $0 | $32.86M | $60.14M |
| Stock-Based Compensation | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $171.24M | $44.32M |
| Changes in Working Capital: | ||||||||||||||||||||
| Accounts Receivable | -$147.49M | -$81M | -$1M | -$154M | -$141M | -$18M | -$158M | $96.25M | -$168.55M | -$130.93M | -$285.89M | -$174M | $270M | $10M | -$176M | $10M | $21.52M | -$348.61M | -$333K | -$148.32M |
| Inventory | -$16.27M | -$9M | -$19M | -$12M | -$4M | -$5M | -$28M | -$88.23M | $54.18M | -$13.19M | -$42.83M | $19M | -$44M | $14M | -$69M | -$49M | $64.93M | -$91.28M | -$3.02M | $15.43M |
| Accounts Payable | $144.44M | $130M | $143M | $52M | $63M | $94M | $52M | $274.73M | $312.02M | -$108.6M | $172.33M | $135M | -$286M | $421M | $332M | -$59M | -$69.29M | $285.03M | -$157.9M | $211.74M |
| Other Working Capital | $97.65M | $73M | $125M | $48M | -$14M | -$69M | $32M | $40.11M | -$119.39M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $184.32M | -$379.07M | $97.9M | -$84.28M |
| Total Working Capital Change | $78.32M | $113M | $248M | -$66M | -$96M | $2M | -$102M | $322.85M | $78.26M | -$252.73M | -$156.39M | -$20M | -$60M | $445M | $87M | -$98M | $201.48M | -$533.93M | -$63.35M | -$5.44M |
| Other Non-Cash Items | -$59M | -$109M | $827M | $1.16B | $1.86B | $1.28B | $53M | $758.01M | $426.22M | $576.51M | $1.03B | $3.3B | $4.21B | $267M | $691M | $171.95M | $495.29M | $1.56B | $43.69M | $6.29M |
| Net Cash from Operating | $1.38B | $1.15B | $2.11B | $2.56B | $2.64B | $2.44B | $2.95B | $2.52B | $2.48B | $1.9B | $2.03B | $5.28B | $6.35B | $7.26B | $6.11B | $3.7B | $3.51B | $3.46B | $3.04B | $1.97B |
| Investing Activities | ||||||||||||||||||||
| Capital Expenditures | -$965.29M | -$907M | -$766M | -$1.01B | -$858M | -$550M | -$1.58B | -$1.95B | -$2.04B | -$1.68B | -$2.2B | -$4.49B | -$3.96B | -$3.89B | -$6.26B | -$1.81B | -$891.61M | -$2.42B | -$1.61B | -$1.55B |
| Acquisitions | $299.05M | $136M | $0 | $24M | -$279M | -$10M | $0 | $19.05M | -$239.78M | -$312.61M | $2.3B | $91M | $125M | -$33M | -$804M | -$13M | $0 | -$4.18B | -$301.36M | -$679.76M |
| Purchases of Investments | $0 | $0 | -$147M | -$14M | -$48M | $0 | $0 | $0 | -$101.33M | -$88.3M | $0 | -$23M | $0 | $0 | $0 | $0 | -$12.5M | -$497.03M | $0 | $0 |
| Sales of Investments | $0 | $92M | $0 | $0 | $0 | $0 | $0 | $2.9B | $0 | $0 | $73.71M | $0 | $0 | $0 | $25M | $455.19M | $0 | $0 | $0 | $0 |
| Other Investing Activities | -$138.33M | -$99M | -$1.32B | -$656M | -$274M | -$1.31B | -$291M | $1.04B | -$900.94M | -$639.44M | -$500.05M | $444M | -$383M | -$89M | $94M | -$10.19M | -$529.38M | -$162.11M | -$327.12M | -$60.54M |
| Net Cash from Investing | -$804.58M | -$778M | -$2.24B | -$1.66B | -$1.46B | -$1.87B | -$1.87B | $2B | -$3.29B | -$2.72B | -$329.72M | -$3.98B | -$4.21B | -$4.01B | -$6.95B | -$1.38B | -$1.43B | -$7.26B | -$2.23B | -$2.29B |
| Financing Activities | ||||||||||||||||||||
| Debt Repaid | - | - | - | - | - | -$473M | $281M | - | -$245.8M | -$66.99M | $2.78B | -$1.42B | -$100M | $556M | -$3.81B | $1.73B | $1.22B | -$5.48B | -$193.8M | -$477.52M |
| Common Stock Issuance | $134.27M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.99M | $0 | $1.39B | $0 | $5M | $7M | $0 | $25.79M | $39.79M | $12.86M |
| Common Stock Repurchases | -$106.8M | -$8M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$1M | -$480M | -$18.2M | -$1.12B | -$81.07M | -$38.53M |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | -$259M | -$520M | -$509.35M | -$519.7M | -$61.91M | -$60.76M | -$71M | -$4.05B | $0 | -$1.22B | -$578M | -$315.64M | -$594.19M | -$331.88M | $0 |
| Other Financing Activities | -$254.29M | -$15M | -$241M | -$352M | -$569M | -$317M | -$838M | -$93.25M | -$447.46M | -$127.89M | -$891.53M | -$16M | -$12M | -$31M | -$13M | -$85M | $4.17M | $0 | -$14.38M | -$158.96M |
| Net Cash from Financing | -$557.41M | -$551M | -$1.15B | $116M | -$465M | -$103M | -$1.64B | -$3.93B | -$475.55M | -$122.81M | -$3.73B | $1.33B | -$2.58B | -$587M | $2.58B | -$2.86B | -$1.55B | $3.79B | -$193.74M | $292.88M |
| Forex Effect | $28.75M | -$34M | $66M | -$162M | -$131M | -$51M | -$8M | -$104.22M | -$349.51M | $264.05M | -$696.46M | -$743M | $1.64B | -$1.11B | -$465M | -$487.95M | -$1.63M | $919.18M | $49.82M | $3.69M |
| Net Change in Cash | $42.99M | -$213M | -$1.21B | $855M | $583M | $423M | -$572M | $493.36M | -$1.63B | -$671.76M | -$2.73B | $1.89B | $1.21B | $1.55B | $1.28B | -$1.03B | $532.29M | $914.66M | $659.22M | -$19.15M |
| Supplementary Data | ||||||||||||||||||||
| Operating Cash Flow | $1.38B | $1.15B | $2.11B | $2.56B | $2.64B | $2.44B | $2.95B | $2.52B | $2.48B | $1.9B | $2.03B | $5.28B | $6.35B | $7.26B | $6.11B | $3.7B | $3.51B | $3.46B | $3.04B | $1.97B |
| Capital Expenditure | -$745.58M | -$627M | -$531M | -$634M | -$699M | -$682M | -$1.58B | -$1.95B | -$2.04B | -$1.68B | -$2.2B | -$4.49B | -$3.96B | -$3.89B | -$6.26B | -$1.81B | -$691.45M | -$2.03B | -$1.61B | -$1.55B |
| Free Cash Flow | $630.64M | $523M | $1.58B | $1.92B | $1.94B | $1.76B | $1.37B | $568.5M | $439.43M | $227.36M | -$173.32M | $790M | $2.4B | $3.37B | -$154M | $1.89B | $2.82B | $1.44B | $1.43B | $424.58M |
| Cash at Beginning | $1.69B | $1.9B | $3.11B | $2.25B | $1.67B | $1.24B | $1.81B | $1.31B | $2.94B | $3.61B | $6.34B | $4.45B | $3.25B | $1.69B | $415M | $1.45B | $914.66M | $0 | $344.49M | $363.65M |
| Cash at End | $1.73B | $1.69B | $1.9B | $3.11B | $2.25B | $1.66B | $1.24B | $1.81B | $1.31B | $2.94B | $3.61B | $6.34B | $4.45B | $3.25B | $1.69B | $415M | $1.45B | $914.66M | $1B | $344.49M |