VSE CORP (VSECU)
VSE Corp. is focused on significantly enhancing the productivity and longevity of its customers' high-value, business-critical assets. It operates through the Aviation and Fleet segments. The Aviation segment is a provider of aftermarket parts distribution and MRO services for components and engine accessories supporting commercial, business and general aviation operators. The Fleet segment focuses on the parts distribution, engineering solutions, and mission critical supply chain management services supporting the medium and heavy-duty fleet market. The company was founded in 1959 and is headquartered in Miramar, FL.
Sector: Services-Engineering Services
Industry: Aerospace & Defense
VSE Corporation Tangible Equity Units
+3.92%$45.33
Prev close$43.62+3.92%Close$45.33
Mkt Cap$1.27B
Float27.61M
O/S28.07M
Inst Own31.5%
SI0.3%
Div Yield4.69%
Dilution
Financials Summary
Revenue$1.11B
Net Income$53.49M
Total Assets$2.03B
Free Cash Flow$5.71M
Debt & Equity
Debt 19%
Equity 81%
Total Debt$342.8M
Total Equity$1.44B
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in VSECU's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$2.03B
Liabilities$589.77M
Accounts Receivable$232.2M
Accounts Payable$154.51M
Inventory$553.83M
PP&E (Net)$141.25M
Goodwill$641.24M
Intangible Assets$295.96M
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 | FY 1994 | FY 1993 | FY 1992 | FY 1991 | FY 1990 | FY 1989 | FY 1988 | FY 1987 | FY 1986 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 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 | 1994-12-31 | 1993-12-31 | 1992-12-31 | 1991-12-31 | 1990-12-31 | 1989-12-31 | 1988-12-31 | 1987-12-31 | 1986-12-31 |
| Revenue | $1.11B | $1.08B | $860.49M | $669.45M | $750.85M | $661.66M | $752.63M | $697.22M | $760.11M | $691.79M | $533.98M | $424.07M | $471.64M | $546.75M | $618.59M | $866.04M | $1.01B | $1.04B | $653.16M | $363.73M | $280.14M | $216.01M | $134.46M | $134.38M | $111.57M | $122.27M | $157.4M | $180.2M | $155.9M | $120.1M | $75.1M | $65.6M | $79.6M | $78.3M | $68.3M | $99.6M | $109.8M | $115.1M | $111.3M | $100.6M |
| YoY Growth | 3.0% | 25.5% | 28.5% | -10.8% | 13.5% | -12.1% | 7.9% | -8.3% | 9.9% | 29.6% | 25.9% | -10.1% | -13.7% | -11.6% | -28.6% | -14.6% | -2.8% | 59.8% | 79.6% | 29.8% | 29.7% | 60.7% | 0.1% | 20.4% | -8.7% | -22.3% | -12.7% | 15.6% | 29.8% | 59.9% | 14.5% | -17.6% | 1.7% | 14.6% | -31.4% | -9.3% | -4.6% | 3.4% | 10.6% | - |
| Cost of Revenue | $980.14M | $971.93M | $764.87M | $612.21M | $725.71M | $603.78M | $688.18M | $640.97M | $703.36M | $633.65M | $480.15M | $383M | $424.25M | $490.69M | $576.65M | $825.62M | $974.9M | $1.01B | $629.35M | $350.98M | $269.78M | $209.84M | $130.9M | $132.31M | $109.99M | $118.37M | $150.8M | $174.4M | $152.5M | $114.6M | $70.2M | $60.4M | $74.6M | $72.7M | $64.7M | $95.7M | $105.5M | $109.7M | $96.5M | $88.5M |
| Gross Profit | $132.13M | $108.2M | $95.61M | $57.24M | $25.14M | $57.88M | $64.45M | $56.24M | $56.75M | $58.14M | $53.83M | $41.07M | $47.39M | $56.07M | $41.95M | $40.42M | $39.74M | $32.33M | $23.81M | $12.76M | $10.36M | $6.17M | $3.56M | $2.07M | $1.58M | $3.9M | $6.6M | $5.8M | $3.4M | $5.5M | $4.9M | $5.2M | $5M | $5.6M | $3.6M | $3.9M | $4.3M | $5.4M | $14.8M | $12.1M |
| Gross Margin | 11.9% | 10.0% | 11.1% | 8.6% | 3.3% | 8.7% | 8.6% | 8.1% | 7.5% | 8.4% | 10.1% | 9.7% | 10.0% | 10.3% | 6.8% | 4.7% | 3.9% | 3.1% | 3.6% | 3.5% | 3.7% | 2.9% | 2.6% | 1.5% | 1.4% | 3.2% | 4.2% | 3.2% | 2.2% | 4.6% | 6.5% | 7.9% | 6.3% | 7.2% | 5.3% | 3.9% | 3.9% | 4.7% | 13.3% | 12.0% |
| Research and Development | $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 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $7.14M | $5.48M | $3.92M | $3.63M | $3.63M | $1.35M | $1.89M | $3.15M | $2.43M | $6.61M | $3.29M | $3.25M | $3.29M | $3.97M | $3.47M | $2.2M | $1.26M | $1.19M | $1.5M | $694K | $580K | $636K | $352K | $328K | $237K | $239K | $700K | $800K | $900K | $500K | $800K | $1.6M | $1.8M | $2M | $0 | $0 | $0 | $0 | $9.5M | $5.1M |
| Other | $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 | $1.56M | $1.9M | $1.9M | $4.1M | $1.5M | $1.3M | $1.1M | $1.3M | $1.4M | $1.4M | $1.9M | $1.8M | $1.8M | $1.3M | $900K |
| Total Operating Expenses | $7.14M | $5.48M | $3.92M | $3.63M | $3.63M | $1.35M | $1.89M | $3.15M | $2.43M | $6.61M | $3.29M | $3.25M | $3.29M | $3.97M | $3.47M | $2.2M | $1.26M | $1.19M | $1.5M | $694K | $580K | $636K | $352K | $328K | $237K | $1.8M | $2.6M | $2.7M | $5M | $2M | $2.1M | $2.7M | $3.1M | $3.4M | $1.4M | $1.9M | $1.8M | $1.8M | $10.8M | $6M |
| Operating Income (EBIT) | $125M | $102.72M | $91.7M | $53.6M | $21.52M | $56.53M | $62.56M | $53.1M | $54.33M | $51.53M | $50.54M | $37.82M | $44.1M | $52.1M | $38.48M | $38.21M | $38.48M | $31.13M | $22.31M | $12.06M | $9.78M | $5.53M | $3.21M | $1.75M | $1.34M | $2.09M | $4M | $3.1M | -$1.6M | $3.5M | $2.8M | $2.5M | $1.9M | $2.2M | $2.2M | $2M | $2.5M | $3.6M | $4M | $6.1M |
| Operating Margin | 11.2% | 9.5% | 10.7% | 8.0% | 2.9% | 8.5% | 8.3% | 7.6% | 7.1% | 7.4% | 9.5% | 8.9% | 9.4% | 9.5% | 6.2% | 4.4% | 3.8% | 3.0% | 3.4% | 3.3% | 3.5% | 2.6% | 2.4% | 1.3% | 1.2% | 1.7% | 2.5% | 1.7% | -1.0% | 2.9% | 3.7% | 3.8% | 2.4% | 2.8% | 3.2% | 2.0% | 2.3% | 3.1% | 3.6% | 6.1% |
| Interest Expense | $20.56M | $34.94M | $31.08M | $17.89M | $12.07M | $13.5M | $13.83M | $8.98M | $9.24M | $9.86M | $9.54M | $3.98M | $5.79M | $7.22M | $3.71M | $180K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Interest Income | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $556K | $115K | $699K | $427K | $210K | $102K | $69K | $0 | $0 | $98K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | -$55.96M | -$56.24M | -$34.78M | -$17.89M | -$12.07M | -$56.1M | -$16.13M | -$7.85M | -$9.24M | -$9.86M | -$9.54M | -$4.88M | -$5.79M | -$8.25M | -$5.51M | -$180K | $120K | $115K | $699K | $427K | $210K | $102K | $69K | -$24K | -$49K | $98K | -$1.6M | -$400K | -$400K | -$600K | -$200K | $100K | $0 | -$100K | -$2.6M | $100K | $0 | $0 | -$100K | -$300K |
| Income Before Tax (EBT) | $69.04M | $46.48M | $56.91M | $35.71M | $9.45M | $427K | $46.43M | $45.25M | $45.09M | $41.67M | $40.99M | $32.95M | $38.31M | $43.85M | $32.97M | $38.03M | $38.6M | $31.25M | $23.01M | $12.49M | $9.99M | $5.64M | $3.28M | $1.15M | $1.3M | $2.19M | $2.4M | $2.7M | -$2M | $2.9M | $2.7M | $2.6M | $1.9M | $2.1M | -$400K | $2.1M | $2.5M | $3.6M | $3.9M | $5.8M |
| Income Tax Expense | $15.55M | $9.98M | $13.76M | $9.05M | $1.49M | $5.6M | $9.4M | $10.17M | $5.99M | $14.88M | $16.08M | $12.46M | $14.32M | $16.49M | $12.42M | $14.35M | $14.57M | $12.21M | $8.9M | $4.7M | $3.82M | $2.19M | $1.27M | $493K | $441K | $806K | $900K | $1.1M | -$600K | $1M | $1.1M | $1M | $700K | $800K | $200K | $200K | $400K | $800K | $1.3M | $2.5M |
| Net Income | $53.49M | $30.52M | $39.13M | $28.06M | $7.97M | -$5.17M | $37.02M | $35.08M | $39.1M | $26.79M | $24.92M | $19.36M | $22.85M | $21.29M | $20.55M | $23.69M | $24.02M | $19.04M | $14.1M | $7.79M | $6.17M | $3.44M | $2.01M | $652K | $855K | $968K | $1.5M | $1.6M | -$1.4M | $1.7M | $1.6M | $1.6M | $1.5M | $2.1M | -$4.7M | $1.9M | $2.1M | $2.8M | $2.6M | $3.3M |
| Net Income Margin | 4.8% | 2.8% | 4.5% | 4.2% | 1.1% | -0.8% | 4.9% | 5.0% | 5.1% | 3.9% | 4.7% | 4.6% | 4.8% | 3.9% | 3.3% | 2.7% | 2.4% | 1.8% | 2.2% | 2.1% | 2.2% | 1.6% | 1.5% | 0.5% | 0.8% | 0.8% | 1.0% | 0.9% | -0.9% | 1.4% | 2.1% | 2.4% | 1.9% | 2.7% | -6.9% | 1.9% | 1.9% | 2.4% | 2.3% | 3.3% |
| Supplementary Data | ||||||||||||||||||||||||||||||||||||||||
| EPS | 2.52 | 1.71 | 2.77 | 2.20 | 0.63 | -0.47 | 3.38 | 3.23 | 3.61 | 2.48 | 2.32 | 1.81 | 2.15 | 2.02 | 1.97 | 2.28 | 2.34 | 1.88 | 1.43 | 0.82 | 0.67 | 0.39 | 0.23 | 0.07 | 0.10 | 0.12 | 0.18 | 0.19 | -0.16 | 0.20 | 0.19 | 0.18 | 0.17 | 0.14 | -0.28 | 0.11 | 0.12 | 0.16 | 0.14 | 0.18 |
| Diluted EPS | 2.52 | 1.70 | 2.76 | 2.19 | 0.63 | -0.47 | 3.35 | 3.21 | 3.60 | 2.47 | 2.31 | 1.81 | 2.14 | 2.01 | 1.95 | 2.27 | 2.34 | 1.87 | 1.41 | 0.81 | 0.65 | 0.37 | 0.23 | 0.07 | 0.10 | 0.12 | 0.18 | 0.19 | -0.16 | 0.20 | 0.19 | 0.18 | 0.17 | 0.14 | -0.28 | 0.11 | 0.12 | 0.16 | 0.14 | 0.18 |
| Weighted Average OS | 21.23M | 17.88M | 14.13M | 12.78M | 12.55M | 11.03M | 10.96M | 10.88M | 10.83M | 10.79M | 10.75M | 10.71M | 10.66M | 10.56M | 10.46M | 10.38M | 10.26M | 10.14M | 9.91M | 9.47M | 9.29M | 8.93M | 8.74M | 8.69M | 8.55M | 8.49M | 8.46M | 8.50M | 8.49M | 8.66M | 8.66M | 8.89M | 9.09M | 17.50M | 16.94M | 17.67M | 17.87M | 18.06M | 17.93M | 18.59M |
| EBITDA | $129.52M | $110.18M | $111.41M | $78.21M | $47.12M | $38.06M | $87.18M | $79.45M | $80.21M | $77.58M | $75.55M | $55.7M | $64.12M | $72.24M | $51.78M | $47.15M | $46.22M | $36.69M | $26.47M | $14.37M | $11.41M | $6.96M | $4.39M | $4.08M | $2.72M | $3.66M | $5.9M | $5M | $2.5M | $5M | $4.1M | $3.6M | $3.2M | $3.6M | $3.6M | $3.9M | $4.3M | $5.4M | $5.3M | $7M |
| EBITDA Margin | 11.6% | 10.2% | 12.9% | 11.7% | 6.3% | 5.8% | 11.6% | 11.4% | 10.6% | 11.2% | 14.1% | 13.1% | 13.6% | 13.2% | 8.4% | 5.4% | 4.6% | 3.5% | 4.1% | 4.0% | 4.1% | 3.2% | 3.3% | 3.0% | 2.4% | 3.0% | 3.7% | 2.8% | 1.6% | 4.2% | 5.5% | 5.5% | 4.0% | 4.6% | 5.3% | 3.9% | 3.9% | 4.7% | 4.8% | 7.0% |
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 | FY 1994 | FY 1993 | FY 1992 | FY 1991 | FY 1990 | FY 1989 | FY 1988 | FY 1987 | FY 1986 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 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 | 1994-12-31 | 1993-12-31 | 1992-12-31 | 1991-12-31 | 1990-12-31 | 1989-12-31 | 1988-12-31 | 1987-12-31 | 1986-12-31 |
| Assets | ||||||||||||||||||||||||||||||||||||||||
| Current Assets | ||||||||||||||||||||||||||||||||||||||||
| Cash and Cash Equivalents | $69.36M | $29.03M | $7.77M | $305K | $518K | $378K | $734K | $162K | $624K | $428K | $740K | $263K | $220K | $1.5M | $451K | $5.76M | $8.02M | $638K | $109K | $8.74M | $12.72M | $130K | $9.84M | $4.21M | $209K | $647K | $100K | $0 | $0 | $500K | $700K | $3.1M | $1M | $800K | $200K | $1.7M | $9.2M | $10.2M | $9.8M | $10.2M |
| Short-Term Investments | $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 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $69.36M | $29.03M | $7.77M | $305K | $518K | $378K | $734K | $162K | $624K | $428K | $740K | $263K | $220K | $1.5M | $451K | $5.76M | $8.02M | $638K | $109K | $8.74M | $12.72M | $130K | $9.84M | $4.21M | $209K | $647K | $100K | $0 | $0 | $500K | $700K | $3.1M | $1M | $800K | $200K | $1.7M | $9.2M | $10.2M | $9.8M | $10.2M |
| Accounts Receivable | $232.2M | $227.52M | $136.01M | $98.01M | $111.29M | $80.55M | $116.91M | $101.26M | $98.34M | $101.22M | $78.47M | $59.39M | $78.39M | $90.62M | $117.57M | $156.94M | $175.19M | $206.72M | $132.39M | $66.95M | $43.93M | $40.65M | $21.84M | $17.52M | $20.85M | $19.21M | $19.4M | $27.6M | $24.7M | $33.7M | $16.4M | $10.9M | $15.2M | $12.9M | $13.1M | $20.6M | $30.9M | $29.9M | $28.5M | $31.1M |
| Inventory | $553.83M | $576.32M | $500.86M | $380.71M | $322.7M | $253.42M | $218.63M | $166.39M | $132.59M | $136.34M | $109.12M | $49.36M | $39.31M | $41.55M | $41.99M | $1.6M | $2.04M | $2.3M | $1.25M | $4.46M | $4.27M | $8.5M | $819K | $1.31M | $695K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2M | $2.3M | $2.1M |
| Other Current Assets | $37.94M | $41.96M | $129.39M | $69.69M | $14.93M | $20.61M | $19.07M | $13.41M | $16.99M | $20.48M | $9.14M | $13.35M | $11.5M | $12.3M | $18.44M | $11.15M | $10.02M | $13.24M | $2.75M | $2.52M | $3.24M | $2.3M | $1.38M | $1.24M | $1.98M | $2.39M | $1.8M | $1.7M | $2.2M | $2.3M | $1.9M | $2.4M | $2.1M | $2.1M | $9.1M | $5.7M | $2.6M | $4.4M | $1.5M | -$100K |
| Total Current Assets | $893.33M | $874.83M | $774.03M | $548.88M | $463.99M | $354.96M | $355.34M | $281.22M | $248.54M | $258.46M | $201.37M | $122.37M | $129.43M | $145.97M | $178.45M | $173.86M | $193.22M | $220.6M | $136.5M | $83.6M | $64.15M | $51.58M | $33.88M | $24.29M | $23.74M | $22.25M | $21.3M | $29.3M | $26.9M | $36.5M | $19M | $16.4M | $18.3M | $15.8M | $22.4M | $28M | $42.7M | $46.5M | $42.1M | $43.3M |
| Long-Term Assets | ||||||||||||||||||||||||||||||||||||||||
| Property, Plant & Equipment Net | $141.25M | $138.91M | $86.76M | $82.38M | $69.81M | $56.88M | $64.41M | $49.61M | $55.15M | $62.06M | $64.31M | $52.91M | $57.74M | $62.47M | $57.11M | $42.31M | $24.68M | $21.48M | $14.92M | $8.41M | $4.58M | $4.43M | $3.04M | $3.48M | $4.21M | $3.34M | $4.4M | $5.1M | $5M | $5.1M | $4.5M | $3.1M | $3.5M | $3.7M | $3.8M | $25.1M | $23.2M | $15.8M | $11M | $8.9M |
| Goodwill | $641.24M | $491.45M | $351.78M | $248.84M | $248.75M | $238.13M | $276.45M | $198.62M | $198.62M | $198.62M | $198.54M | $92.05M | $92.05M | $92.05M | $98.88M | $36.28M | $19.53M | $17.44M | $5.23M | $1.05M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $295.96M | $197.28M | $114.13M | $90.62M | $108.26M | $103.59M | $132.18M | $94.89M | $110.91M | $126.93M | $143.04M | $72.21M | $82.26M | $92.42M | $106.54M | $25M | $9.34M | $11.18M | $8.03M | $0 | $1.05M | $1.05M | $1.05M | $1.05M | $1.82M | $2.13M | $1.3M | $2.8M | $3.1M | $3.4M | $3.9M | $0 | $0 | $0 | $0 | $0 | $0 | $200K | $200K | $200K |
| Long-Term Investments | $28.28M | $4.09M | $2.84M | $6.62M | $7.04M | $9.86M | $0 | $0 | $0 | $0 | -$3.61M | -$1.83M | $0 | $0 | $0 | $0 | -$2.04M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $30.87M | $27.63M | $15.12M | $0 | $0 | $0 | $0 | $3.61M | $1.83M | $2.54M | $2.1M | $231K | $838K | $2.04M | $0 | $1.89M | $1.13M | $682K | $312K | $297K | $449K | $793K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $28.52M | $28.05M | $20.8M | -$8.42M | -$6.94M | $1.55M | $17.49M | $14.49M | $15.8M | $15.77M | $14.87M | $15.79M | $16.51M | $15.2M | $13.31M | $10.13M | $7.22M | $5.27M | $5.2M | $4.34M | $3.39M | $2.97M | $2.51M | $2.4M | $2.65M | $3.81M | $4.3M | $3.5M | $3M | $3.3M | $1.7M | $1.8M | $1.7M | $1.3M | $8.1M | $6.5M | $6.3M | $9.4M | $4.6M | $4.3M |
| Total Long-Term Assets | $1.14B | $859.79M | $576.31M | $450.91M | $454.56M | $425.12M | $490.52M | $357.61M | $380.47M | $403.38M | $420.76M | $232.96M | $251.1M | $264.24M | $276.06M | $114.57M | $60.77M | $55.37M | $35.27M | $14.93M | $9.71M | $8.77M | $6.9M | $7.39M | $9.47M | $9.28M | $10M | $11.4M | $11.1M | $11.8M | $10.1M | $4.9M | $5.2M | $5M | $11.9M | $31.6M | $29.5M | $25.4M | $15.8M | $13.4M |
| 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 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $2.03B | $1.73B | $1.35B | $999.79M | $918.56M | $780.08M | $845.86M | $638.83M | $629.01M | $661.84M | $622.13M | $355.33M | $380.53M | $410.21M | $454.51M | $288.43M | $253.99M | $275.97M | $171.77M | $98.53M | $73.87M | $60.35M | $40.78M | $31.68M | $33.21M | $31.52M | $31.3M | $40.7M | $38M | $48.3M | $29.1M | $21.3M | $23.5M | $20.8M | $34.3M | $59.6M | $72.2M | $71.9M | $57.9M | $56.7M |
| Liabilities | ||||||||||||||||||||||||||||||||||||||||
| Current Liabilities | ||||||||||||||||||||||||||||||||||||||||
| Accounts Payable | $154.51M | $187.59M | $173.04M | $128.5M | $115.06M | $72.68M | $68.1M | $57.41M | $66.02M | $94M | $40.08M | $29.42M | $31.76M | $30.06M | $50.35M | $75.72M | $113M | $158.01M | $88.56M | $44.3M | $29.75M | $26.38M | $14.63M | $8.79M | $10.61M | $8.68M | $8.2M | $12.1M | $10.2M | $13.5M | $3.2M | $2.5M | $2.8M | $2.5M | $2.6M | $3.7M | $0 | $0 | $0 | $0 |
| Short-Term Debt | $13.81M | $30M | $22.5M | $10M | $14.16M | $20.38M | $16.88M | $11.07M | $6.96M | $21.02M | $17.27M | $24.84M | $24.84M | $23.27M | $18.59M | $6.67M | $0 | $6.68M | $81K | $0 | $0 | $1.58M | $0 | $0 | $0 | $0 | $0 | $1.3M | $600K | $0 | $0 | $0 | $0 | $0 | $0 | $14.6M | $24.9M | $21.8M | $9.4M | $11.5M |
| Current Income Tax Payable | $0 | $839K | $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 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $6.89M | $4.48M | $2.79M | $963K | $8.23M | $10.94M | $6.38M | $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 | $0 | $0 |
| Other Current Liabilities | $38.48M | $32.52M | $67.87M | $68.01M | $7.6M | $6.94M | $41.82M | $11.8M | $17.7M | $12.72M | $20.42M | $16.54M | $7.54M | $8.16M | $4.15M | $36.87M | $29.16M | $10.73M | $8.1M | $4.16M | $141K | $114K | $88K | $87K | $86K | $5.21M | $6M | $6.2M | $6.2M | $5.9M | $5.8M | $5.8M | $6.1M | $5.4M | $6.3M | $6.3M | $14.2M | $14.1M | $14.1M | $11.3M |
| Total Current Liabilities | $237.51M | $281.84M | $286.89M | $224.6M | $179.96M | $139.23M | $164.18M | $104.88M | $113.98M | $148.44M | $96.98M | $87.5M | $81.73M | $81M | $107.32M | $119.29M | $147.32M | $196.42M | $111.74M | $57.96M | $42.13M | $36M | $20.48M | $13.53M | $14.93M | $13.88M | $14.2M | $19.6M | $17M | $19.4M | $9M | $8.3M | $8.9M | $7.9M | $8.9M | $24.6M | $39.1M | $35.9M | $23.5M | $22.8M |
| Long-Term Liabilities | ||||||||||||||||||||||||||||||||||||||||
| Long-Term Debt | $285.3M | $400.17M | $406.84M | $276.3M | $270.41M | $230.71M | $253.13M | $151.13M | $165.61M | $193.62M | $215.24M | $23.56M | $64.49M | $116.38M | $144.76M | $11.11M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $351K | $0 | $0 | $5.4M | $7.1M | $12.7M | $5M | $0 | $2.7M | $2.2M | $2.8M | $7.7M | $7.6M | $8.1M | $5.8M | $5.8M |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $12.75M | $11.17M | $0 | $11.45M | $10.68M | $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 | $12.39M | $0 | $6.99M | $4.76M | $9.11M | $14.9M | $17.86M | $18.48M | $19.42M | $29.87M | $31.52M | $1.63M | $0 | $0 | $0 | $0 | $3.42M | $2.53M | $816K | $841K | $0 | $797K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $100K | $500K | $300K | $2M | $4.1M | $5.3M |
| Other Long-Term Liabilities | $10.87M | $16.27M | $7.94M | $25.45M | $14.58M | $16.11M | $23.15M | $17.03M | $16.32M | $0 | $10.17M | $12.56M | $10.33M | $10.38M | $24.89M | $13.99M | $5.03M | $3.02M | $3.65M | $2.34M | $1.59M | $1.31M | $1.24M | $1.11M | $1.45M | $1.85M | $2M | $1.8M | $1.4M | $1.6M | $1.5M | $900K | $1.1M | $1.1M | $900K | $0 | $0 | $0 | $0 | -$100K |
| Total Long-Term Liabilities | $352.26M | $464.59M | $446.73M | $325.66M | $321.26M | $284.54M | $318.58M | $205.56M | $221.94M | $258.2M | $291.35M | $62.34M | $111.99M | $164.88M | $203.59M | $45.36M | $5.36M | $5.55M | $4.47M | $3.18M | $1.59M | $2.11M | $1.24M | $1.11M | $1.8M | $1.85M | $2M | $7.2M | $8.5M | $14.3M | $6.5M | $900K | $3.8M | $3.3M | $3.8M | $8.2M | $7.9M | $10.1M | $9.9M | $11M |
| 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 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $589.77M | $746.43M | $733.61M | $550.26M | $501.23M | $423.76M | $482.76M | $310.43M | $335.92M | $406.64M | $388.05M | $149.84M | $193.73M | $245.88M | $310.91M | $164.65M | $152.68M | $199.84M | $115.39M | $60.3M | $43.72M | $37.31M | $21.72M | $14.63M | $16.73M | $15.73M | $16.2M | $26.8M | $25.5M | $33.7M | $15.5M | $9.2M | $12.7M | $11.2M | $12.7M | $32.8M | $47M | $46M | $33.4M | $33.8M |
| Stockholders' Equity | ||||||||||||||||||||||||||||||||||||||||
| Preferred Stock | $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 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $1.17M | $1.03M | $788K | $641K | $636K | $553K | $549K | $544K | $542K | $540K | $269K | $268K | $267K | $265K | $262K | $260K | $258K | $255K | $253K | $120K | $118K | $114K | $110K | $109K | $107K | $110K | $100K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Retained Earnings | $395.64M | $392.48M | $384.7M | $351.3M | $328.36M | $325.1M | $334.25M | $301.07M | $267.9M | $231.73M | $207.48M | $184.87M | $167.6M | $146.61M | $126.96M | $107.82M | $85.33M | $62.31M | $44.16M | $30.83M | $23.69M | $18.05M | $15.04M | $13.38M | $13.07M | $12.56M | $11.9M | $10.7M | $9.4M | $22.8M | $21.4M | $20M | $18.8M | $17.6M | $15.8M | $21M | $19.6M | $19.9M | $17.5M | $15.6M |
| Comprehensive Income & Other | $512K | $3.07M | $2.13M | $4.97M | -$176K | -$1.2M | -$1.1M | $146K | $181K | $45K | -$75K | $0 | -$201K | -$737K | -$692K | -$22.86M | -$17.37M | -$12.88M | -$11.52M | -$9.36M | -$1K | -$4K | -$17K | -$6.46M | -$6.83M | -$8.81M | -$11M | -$11M | -$11.3M | -$9.9M | -$9.9M | -$9.5M | -$8.8M | -$9.3M | -$8.4M | -$10M | -$8.5M | -$7.1M | -$5.8M | -$5.7M |
| Other Stockholders' Equity | $1.04B | $594.67M | $231.24M | $97.59M | $88.34M | $30.67M | $28.31M | $26.78M | $24.65M | $22.92M | $21.56M | $20.35M | $18.94M | $17.46M | $16.38M | $15.69M | $15.72M | $13.56M | $11.96M | $7.28M | $6.35M | $4.88M | $3.91M | $3.56M | $3.29M | $3.12M | $3.1M | $3.2M | $3.1M | -$8.2M | -$7.8M | -$7.9M | -$8M | -$8M | $5.8M | $5.8M | $5.6M | $6M | $7M | $7.3M |
| Total Equity | $1.44B | $988.19M | $616.73M | $449.53M | $417.33M | $356.32M | $363.1M | $328.39M | $293.1M | $255.19M | $229.31M | $205.49M | $186.8M | $164.34M | $143.6M | $123.78M | $101.31M | $76.12M | $56.38M | $38.24M | $30.15M | $23.04M | $19.06M | $17.04M | $16.48M | $15.79M | $15.1M | $13.9M | $12.5M | $14.6M | $13.6M | $12.1M | $10.8M | $9.6M | $21.6M | $26.8M | $25.2M | $25.9M | $24.5M | $22.9M |
| 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 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $2.03B | $1.73B | $1.35B | $999.79M | $918.56M | $780.08M | $845.86M | $638.83M | $629.01M | $661.84M | $617.35M | $355.33M | $380.53M | $410.21M | $454.51M | $288.43M | $253.99M | $275.97M | $171.77M | $98.53M | $73.87M | $60.35M | $40.78M | $31.68M | $33.21M | $31.52M | $31.3M | $40.7M | $38M | $48.3M | $29.1M | $21.3M | $23.5M | $20.8M | $34.3M | $59.6M | $72.2M | $71.9M | $57.9M | $56.7M |
| Supplementary Data | ||||||||||||||||||||||||||||||||||||||||
| Total Debt | $342.8M | $485.21M | $459.26M | $308.64M | $317.73M | $277.92M | $298.16M | $181.11M | $193.16M | $236.6M | $256.93M | $72.98M | $115.05M | $167.09M | $197.28M | $38.04M | $1.1M | $6.68M | $81K | $0 | $0 | $1.58M | $0 | $0 | $351K | $0 | $0 | $6.7M | $7.7M | $12.7M | $5M | $0 | $2.7M | $2.2M | $2.8M | $22.3M | $32.5M | $29.9M | $15.2M | $17.3M |
| Net Debt | $273.44M | $456.18M | $451.49M | $308.33M | $317.21M | $277.54M | $297.43M | $180.95M | $192.53M | $236.18M | $256.19M | $72.72M | $114.83M | $165.59M | $196.83M | $32.27M | -$6.92M | $6.04M | -$28K | -$8.74M | -$12.72M | $1.45M | -$9.84M | -$4.21M | $142K | -$647K | -$100K | $6.7M | $7.7M | $12.2M | $4.3M | -$3.1M | $1.7M | $1.4M | $2.6M | $20.6M | $23.3M | $19.7M | $5.4M | $7.1M |
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 | FY 1994 | FY 1993 | FY 1992 | FY 1991 | FY 1990 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 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 | 1994-12-31 | 1993-12-31 | 1992-12-31 | 1991-12-31 | 1990-12-31 |
| Operating Activities | ||||||||||||||||||||||||||||||||||||
| Net Income | $53.49M | $15.32M | $39.13M | $28.06M | $7.97M | -$5.17M | $37.02M | $35.08M | $39.1M | $26.79M | $24.92M | $19.36M | $22.85M | $21.29M | $20.55M | $23.69M | $24.02M | $19.04M | $14.1M | $7.79M | $6.17M | $3.44M | $2.01M | $652K | $855K | $968K | $1.5M | $1.6M | -$1.4M | $1.7M | $1.6M | $1.6M | $1.2M | $1.3M | -$4.7M | $1.9M |
| Depreciation & Amortization | $39.92M | $28.76M | $23.42M | $24.6M | $25.6M | $24.14M | $26.93M | $25.22M | $25.88M | $26.05M | $25.54M | $18.77M | $20.02M | $21.16M | $15.1M | $8.94M | $7.62M | $5.44M | $3.46M | $1.88M | $1.42M | $1.32M | $1.18M | $1.41M | $1.37M | $1.56M | $1.9M | $1.9M | $4.1M | $1.5M | $1.3M | $1.1M | $1.3M | $1.4M | $1.4M | $1.9M |
| Deferred Income Tax | -$58K | -$10M | -$1.98M | -$1.14M | -$4.36M | $106K | -$505K | -$1.37M | -$10.53M | -$1.15M | $84K | $3.08M | -$874K | -$1.25M | $1.28M | -$728K | $558K | $1.24M | -$805K | -$614K | -$326K | -$273K | $646K | -$274K | $212K | -$45K | -$500K | $300K | -$1.3M | $500K | $600K | -$200K | -$100K | -$100K | $0 | $200K |
| Stock-Based Compensation | $0 | $8.31M | $7.74M | $4.46M | $3.93M | $2.86M | $3.26M | $3.03M | $3.07M | $2.11M | $2.08M | $1.74M | $1.58M | $744K | $1.03M | $1.71M | $1.24M | $956K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | ||||||||||||||||||||||||||||||||||||
| Accounts Receivable | -$35.1M | -$32.46M | -$20.77M | -$33.03M | -$9.41M | $7.73M | -$3.33M | -$3.75M | $2.88M | -$22.75M | -$8.14M | $19M | $14.13M | $29.27M | $38.65M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | -$56.87M | -$31.67M | -$87.53M | -$59.1M | -$80.02M | -$50.17M | -$44.22M | -$35.56M | $3.75M | -$27.22M | -$10.38M | -$10.05M | $2.24M | $435K | -$4.76M | $0 | $0 | $0 | $4.46M | -$186K | $4.23M | -$8.5M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | -$10.93M | -$31.76M | $23.91M | $36.19M | $33.21M | $3.5M | $7.72M | -$7.41M | -$23.59M | $54.74M | -$362K | -$1.22M | $1.92M | -$17.28M | -$31.6M | -$35.68M | -$43.15M | $65.51M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | -$10.22M | -$10.98M | -$8.03M | $5.82M | -$18.88M | $16.87M | -$10.79M | $5.31M | $9.87M | -$10.06M | $3.41M | -$4.15M | -$6.48M | $486K | -$3.51M | $19.79M | $34.74M | -$69.27M | -$13.52M | -$7.56M | $3.37M | -$5.13M | $2.53M | $2.56M | -$728K | -$680K | $400K | -$600K | $6.9M | -$8.4M | -$4.3M | $3.4M | -$1.2M | $200K | $3M | $7M |
| Total Working Capital Change | -$113.13M | -$106.86M | -$92.42M | -$50.12M | -$75.1M | -$22.07M | -$50.62M | -$41.41M | -$7.09M | -$5.28M | -$15.48M | $3.57M | $11.81M | $12.91M | -$1.22M | -$15.89M | -$8.4M | -$3.76M | -$9.06M | -$7.74M | $7.6M | -$13.63M | $2.53M | $2.56M | -$728K | -$680K | $400K | -$600K | $6.9M | -$8.4M | -$4.3M | $3.4M | -$1.2M | $200K | $3M | $7M |
| Other Non-Cash Items | $46.76M | $33.42M | $2.29M | $2.18M | $24.36M | $35.9M | $1.9M | -$1.7M | $71.79M | -$1.33M | $426K | $3.18M | $1.22M | $4.62M | -$2.49M | $77K | -$654K | $10K | $551K | $308K | $762K | $433K | $21K | $625K | -$302K | $214K | -$100K | $100K | -$200K | $300K | $400K | $200K | $100K | $100K | $2.4M | -$1.5M |
| Net Cash from Operating | $26.99M | -$31.04M | -$21.83M | $8.05M | -$17.6M | $35.76M | $17.99M | $18.86M | $50.42M | $47.19M | $37.57M | $49.72M | $56.6M | $59.48M | $34.26M | $17.79M | $24.39M | $22.93M | $8.25M | $1.63M | $15.63M | -$8.71M | $6.39M | $4.98M | $1.41M | $2.02M | $4.2M | $3.4M | $8.1M | -$4.4M | -$400K | $6.1M | $1.3M | $3.1M | $2.1M | $9.4M |
| Investing Activities | ||||||||||||||||||||||||||||||||||||
| Capital Expenditures | -$21.28M | -$20.7M | -$18.67M | -$11.21M | -$10.52M | -$4.43M | -$9.63M | -$3.12M | -$3.74M | -$6.55M | -$10.56M | -$3.41M | -$4.42M | -$20.86M | -$6.63M | -$4.8M | -$8.63M | -$10.02M | -$8.73M | -$5.62M | -$1.67M | -$2.7M | -$720K | -$521K | -$2.03M | -$424K | -$1.2M | -$1.6M | -$2.2M | -$2.5M | -$2.1M | -$700K | -$1.1M | -$1.4M | -$900K | -$3.8M |
| Acquisitions | -$255.17M | -$283.12M | -$218.58M | $0 | -$53.34M | $21.77M | -$113.18M | $1.7M | $732K | -$63K | -$195.13M | $0 | $0 | -$4.61M | -$174.94M | -$30.2M | -$1.65M | -$18.75M | -$11.76M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $200K |
| Purchases of Investments | $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 | $0 | $0 | $0 | $0 | -$700K |
| Sales of Investments | $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 | $0 | $0 | $0 | $0 | $5.5M |
| Other Investing Activities | $0 | $40.16M | $1.56M | $8.84M | $2.22M | $2.88M | $4K | $122K | $732K | $143K | $507K | $0 | $0 | -$4.61M | -$1.34M | -$1.68M | -$1.65M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$700K | $100K | $0 | -$500K | -$200K | -$4.5M | $0 | $0 | $0 | $6.1M | $300K |
| Net Cash from Investing | -$276.45M | -$263.67M | -$235.69M | -$2.38M | -$61.63M | $20.22M | -$122.81M | -$1.29M | -$3.01M | -$6.47M | -$205.19M | -$3.41M | -$4.42M | -$25.47M | -$182.92M | -$36.68M | -$10.28M | -$28.77M | -$20.49M | -$5.62M | -$1.67M | -$2.7M | -$720K | -$521K | -$2.03M | -$1.12M | -$1.1M | -$1.6M | -$2.7M | -$2.7M | -$6.6M | -$700K | -$1.1M | -$1.4M | $5.2M | $1.5M |
| Financing Activities | ||||||||||||||||||||||||||||||||||||
| Debt Repaid | $138.83M | $500K | -$144.39M | -$1.88M | -$33.27M | $19.34M | -$110.07M | $12.42M | $43.9M | $19.54M | -$185.1M | $41.94M | $51.22M | $24.58M | -$146.46M | -$17.78M | $6.68M | -$6.59M | - | - | - | - | - | $351K | -$351K | - | $2.8M | $1.1M | $1.6M | -$7.3M | -$4.8M | $2.7M | -$400K | $600K | $6.9M | $11.3M |
| Common Stock Issuance | $442.17M | $326M | $130.02M | $899K | $52.02M | $0 | $955K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2.02M | $318K | $715K | $518K | $315K | $244K | $169K | $20K | $100K | $900K | $0 | $0 | $100K | $0 | $0 | $0 | $0 | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | -$690K | -$955K | $0 | -$500K | -$499K | -$342K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$800K | -$100K | $0 | $0 | $0 | $0 | $0 | -$100K | -$600K |
| Dividends Paid | -$8.26M | -$7.06M | -$5.44M | -$5.11M | -$4.43M | -$3.97M | -$3.73M | -$3.26M | -$2.82M | -$2.48M | -$2.26M | -$2.03M | -$1.81M | -$1.58M | -$1.36M | -$1.14M | -$974K | -$862K | -$741K | -$615K | -$510K | -$401K | -$349K | -$349K | -$341K | -$331K | -$300K | -$300K | -$300K | -$300K | -$300K | -$400K | -$200K | -$400K | -$500K | -$500K |
| Other Financing Activities | -$5.28M | -$2.63M | -$4M | -$3.38M | -$1.49M | -$32.34M | -$955K | -$2.34M | -$500K | -$19.01M | -$14.75M | -$2.29M | -$437K | -$6.79M | $0 | -$1.84M | $931K | $640K | $2.25M | $312K | $0 | $0 | $0 | $0 | $0 | $0 | -$100K | -$100K | -$100K | -$100K | $0 | -$200K | -$600K | -$200K | -$100K | $0 |
| Net Cash from Financing | $289.79M | $315.81M | $264.97M | -$5.71M | $79.37M | -$56.34M | $105.39M | -$18.02M | -$47.21M | -$41.04M | $168.09M | -$46.26M | -$53.46M | -$32.95M | $143.35M | $16.64M | -$6.72M | $6.37M | $3.6M | $15K | -$1.37M | $1.7M | -$34K | -$456K | $179K | -$311K | -$3.1M | -$1.8M | -$5.8M | $6.9M | $4.6M | -$3.3M | -$400K | -$1.2M | -$7.6M | -$12.4M |
| 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 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $40.33M | $21.1M | $7.45M | -$40K | $140K | -$356K | $572K | -$462K | $196K | -$312K | $477K | $43K | -$1.28M | $1.05M | -$5.31M | -$2.26M | $7.39M | $529K | -$8.64M | -$3.97M | $12.59M | -$9.71M | $5.63M | $4M | -$438K | $585K | $0 | $0 | -$400K | -$200K | -$2.4M | $2.1M | -$200K | $500K | -$300K | -$1.5M |
| Supplementary Data | ||||||||||||||||||||||||||||||||||||
| Operating Cash Flow | $26.99M | -$31.04M | -$21.83M | $8.05M | -$17.6M | $35.76M | $17.99M | $18.86M | $50.42M | $47.19M | $37.57M | $49.72M | $56.6M | $59.48M | $34.26M | $17.79M | $24.39M | $22.93M | $8.25M | $1.63M | $15.63M | -$8.71M | $6.39M | $4.98M | $1.41M | $2.02M | $4.2M | $3.4M | $8.1M | -$4.4M | -$400K | $6.1M | $1.3M | $3.1M | $2.1M | $9.4M |
| Capital Expenditure | -$21.28M | -$20.7M | -$18.67M | -$11.21M | -$10.52M | -$4.43M | -$9.63M | -$3.12M | -$3.74M | -$6.55M | -$10.56M | -$3.41M | -$4.42M | -$20.86M | -$6.63M | -$4.8M | -$8.63M | -$10.02M | -$8.73M | -$5.62M | -$1.67M | -$2.7M | -$720K | -$521K | -$2.03M | -$424K | -$1.2M | -$1.6M | -$2.2M | -$2.5M | -$2.1M | -$700K | -$1.1M | -$1.4M | -$900K | -$3.8M |
| Free Cash Flow | $5.71M | -$51.74M | -$40.49M | -$3.16M | -$28.12M | $31.33M | $8.36M | $15.74M | $46.68M | $40.65M | $27.01M | $46.3M | $52.18M | $38.61M | $27.63M | $12.98M | $15.75M | $12.91M | -$483K | -$3.99M | $13.96M | -$11.41M | $5.67M | $4.46M | -$617K | $1.6M | $3M | $1.8M | $5.9M | -$6.9M | -$2.5M | $5.4M | $200K | $1.7M | $1.2M | $5.6M |
| Cash at Beginning | $29.03M | $7.93M | $478K | $518K | $378K | $734K | $162K | $624K | $428K | $740K | $263K | $220K | $1.5M | $451K | $5.76M | $8.02M | $638K | $109K | $8.74M | $12.72M | $130K | $9.84M | $4.21M | $209K | $647K | $62K | $0 | $0 | $500K | $600K | $3.1M | $1M | $800K | $200K | $500K | $3.3M |
| Cash at End | $69.36M | $29.03M | $7.93M | $478K | $518K | $378K | $734K | $162K | $624K | $428K | $740K | $263K | $220K | $1.5M | $451K | $5.76M | $8.02M | $638K | $109K | $8.74M | $12.72M | $130K | $9.84M | $4.21M | $209K | $647K | $0 | $0 | $100K | $400K | $700K | $3.1M | $600K | $700K | $200K | $1.8M |