ARBOR REALTY TRUST INC (ABR)
Arbor Realty Trust, Inc. invests in a diversified portfolio of structured finance assets in the multifamily, single-family rental, and commercial real estate markets in the United States. It operates in two segments, Structured Business and Agency Business. The company invests in bridge and mezzanine loans, including junior participating interests in first mortgages, and preferred and direct equity, as well as real estate-related joint ventures, real estate-related notes, and various mortgage-related securities. It also offers bridge financing products to borrowers who seek short-term capital to be used in an acquisition of property; financing products to borrowers looking to develop, acquire or refinance conventional, workforce and affordable single-family rental (SFR) housing; multifamily investors short-term floating-rate financing for new and construction-ready multifamily projects; and mezzanine financing in the form of loans that are subordinate to a conventional first mortgage loan and senior to the borrower’s equity in a transaction. In addition, the company provides financing by making preferred equity investments in entities that directly or indirectly own real property that are subordinate to a first mortgage loan; and invest in structured transactions, which are primarily comprised of joint ventures formed to acquire, develop and/or sell real estate-related assets. Further, it underwrites, originates, sells, and services financing loans underwritten using similar guidelines of existing agency loans sold to the government-sponsored enterprises; and long-term permanent fixed rate loans on SFR properties. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. Arbor Realty Trust, Inc. was incorporated in 2003 and is headquartered in Uniondale, New York.
Sector: Real Estate Investment Trusts
Industry: REIT - Mortgage
Arbor Realty Trust
NYSE:ABRReal Estate · REIT - Mortgage
-1.35%$2.92
AH Close$2.94+0.63%vs close
AH Close$2.94+0.63%vs close
Mkt Cap$544.75M
Float178.76M
O/S186.56M
Inst Own62.8%
SI22.8%
Div Yield31.99%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$1.21B
Net Income$148.8M
Total Assets$14.49B
Free Cash Flow$396.35M
Debt & Equity
Debt 75%
Equity 20%
Preferred 4%
Total Debt$11.05B
Total Equity$2.95B
Preferred Stock$633.68M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in ABR's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$14.49B
Liabilities$11.43B
Accounts Receivable$6.53M
Accounts Payable$0
Inventory$0
PP&E (Net)$0
Goodwill$56.63M
Intangible Assets$370.77M
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | 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 |
| Revenue | $1.21B | $627.52M | $719.01M | $654.07M | $661.48M | $439.38M | $371.81M | $347.79M | $272.88M | $171.43M | $88.4M | $93.41M | $85.1M | $47.64M | $38.63M | $12.37M | $38.63M | $95.56M | $160.89M | $85.79M | $84.32M | $39.12M | $8.5M |
| YoY Growth | 93.0% | -12.7% | 9.9% | -1.1% | 50.5% | 18.2% | 6.9% | 27.5% | 59.2% | 93.9% | -5.4% | 9.8% | 78.6% | 23.3% | 212.3% | -68.0% | -59.6% | -40.6% | 87.5% | 1.8% | 115.5% | 360.3% | - |
| Cost of Revenue | $74.41M | $62.33M | $57.16M | $56.13M | $46.29M | $42.25M | $50.55M | $47.51M | $41.22M | $31.09M | $32.63M | $37.46M | $37.33M | $35.85M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Gross Profit | $1.14B | $565.19M | $661.85M | $597.95M | $615.18M | $397.13M | $321.26M | $300.28M | $231.66M | $140.35M | $55.77M | $55.95M | $47.77M | $11.79M | $38.63M | $12.37M | $38.63M | $95.56M | $160.89M | $85.79M | $84.32M | $39.12M | $8.5M |
| Gross Margin | 93.9% | 90.1% | 92.1% | 91.4% | 93.0% | 90.4% | 86.4% | 86.3% | 84.9% | 81.9% | 63.1% | 59.9% | 56.1% | 24.8% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| 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 |
| Selling, General, and Administrative | $233.95M | $181.69M | $159.79M | $161.82M | $171.8M | $144.38M | $122.1M | $110.47M | $98.8M | $51.25M | $28.4M | $23.88M | $22.94M | $20.17M | $26.82M | $41.42M | $35.8M | $19.85M | $9.38M | $9.11M | $4.27M | $4.23M | $2.66M |
| Other | -$214K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $48.91M | -$145.25M | $209.49M | $151.92M | $50.09M | $76.68M | $80.04M | $34.89M | $5.84M |
| Total Operating Expenses | $233.74M | $181.69M | $159.79M | $161.82M | $171.8M | $144.38M | $122.1M | $110.47M | $98.8M | $51.25M | $28.4M | $23.88M | $22.94M | $3.79M | $75.73M | -$103.83M | $245.29M | $171.77M | $59.47M | $85.79M | $84.32M | $39.12M | $8.5M |
| Operating Income (EBIT) | $902.83M | $383.5M | $502.06M | $436.12M | $443.39M | $252.75M | $199.16M | $189.81M | $132.86M | $89.1M | $27.37M | $32.07M | $24.82M | -$14.17M | -$37.1M | $116.2M | -$206.66M | -$76.21M | $101.42M | $0 | $0 | $0 | $0 |
| Operating Margin | 74.6% | 61.1% | 69.8% | 66.7% | 67.0% | 57.5% | 53.6% | 54.6% | 48.7% | 52.0% | 31.0% | 34.3% | 29.2% | -29.8% | -96.0% | 939.4% | -535.0% | -79.7% | 63.0% | - | - | - | - |
| Interest Expense | $701.84M | $804.62M | $903.23M | $557.62M | $212M | $169.22M | $186.4M | $153.82M | $90.07M | $63.62M | $49.72M | $47.9M | $42.07M | $40.87M | $51.65M | $62.98M | $80.1M | $108.66M | $147.71M | $92.69M | $45.75M | $19.37M | $1.67M |
| Interest Income | $940.01M | $1.17B | $1.33B | $948.4M | $466.09M | $339.46M | $315.94M | $251.77M | $156.18M | $118.71M | $114.65M | $106.72M | $99.03M | $80M | $73.87M | $95.49M | $117.26M | $204.14M | $273.98M | $172.83M | $121.11M | $57.93M | $10.01M |
| Other Income (Expense) | -$726.22M | -$86.1M | -$74.16M | -$64.81M | -$19.3M | -$16.2M | -$28.89M | -$32.03M | -$21.99M | -$25.79M | $26.06M | $60.98M | -$3.52M | $29.76M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Income Before Tax (EBT) | $176.61M | $297.4M | $427.9M | $371.31M | $424.09M | $236.55M | $170.27M | $157.78M | $110.87M | $63.31M | $53.43M | $93.05M | $21.3M | $15.59M | -$37.1M | $116.2M | -$206.66M | -$76.21M | $101.42M | $0 | $0 | $0 | $0 |
| Income Tax Expense | $18.78M | $13.48M | $27.35M | $17.48M | $46.28M | $40.39M | $15.04M | $9.73M | $13.36M | $825K | $0 | $0 | $0 | -$802K | $0 | $2.56M | $0 | $0 | $16.89M | $0 | $0 | $0 | $0 |
| Net Income | $148.8M | $264.64M | $371.43M | $325.78M | $339.3M | $170.95M | $128.63M | $115.87M | $73.39M | $50.35M | $53.43M | $93.05M | $21.17M | $16.17M | -$40.31M | $112.91M | -$230.63M | -$81.23M | $84.53M | $50.41M | $50.39M | $25.07M | $3.41M |
| Net Income Margin | 12.3% | 42.2% | 51.7% | 49.8% | 51.3% | 38.9% | 34.6% | 33.3% | 26.9% | 29.4% | 60.4% | 99.6% | 24.9% | 33.9% | -104.3% | 912.9% | -597.1% | -85.0% | 52.5% | 58.8% | 59.8% | 64.1% | 40.1% |
| Supplementary Data | |||||||||||||||||||||||
| EPS | 0.56 | 1.18 | 1.79 | 1.72 | 2.30 | 1.44 | 1.30 | 1.54 | 1.14 | 0.83 | 0.90 | 1.71 | 0.39 | 0.80 | -1.61 | 4.44 | -9.11 | -3.54 | 4.44 | 2.94 | 2.99 | 1.81 | 0.42 |
| Diluted EPS | 0.56 | 1.18 | 1.75 | 1.67 | 2.28 | 1.41 | 1.27 | 1.50 | 1.12 | 0.83 | 0.90 | 1.70 | 0.39 | 0.79 | -1.61 | 4.39 | -9.11 | -3.54 | 4.44 | 2.93 | 2.98 | 1.78 | 0.42 |
| Weighted Average OS | 192.96M | 188.70M | 184.64M | 165.36M | 137.83M | 113.81M | 92.85M | 70.21M | 57.89M | 51.31M | 50.86M | 50.14M | 42.40M | 26.96M | 24.97M | 25.42M | 25.31M | 22.92M | 19.02M | 17.16M | 16.87M | 13.81M | 11.35M |
| EBITDA | $901.66M | $1.18B | $1.4B | $997.54M | $701.93M | $462.63M | $364.18M | $367.18M | $255.53M | $153.66M | $56.47M | $26.37M | $70.61M | $2.84M | $20.51M | $179.75M | -$125.8M | $33.2M | $250.72M | $92.47M | $45.58M | $17.94M | $1.67M |
| EBITDA Margin | 74.5% | 188.0% | 195.3% | 152.5% | 106.1% | 105.3% | 97.9% | 105.6% | 93.6% | 89.6% | 63.9% | 28.2% | 83.0% | 6.0% | 53.1% | 1453.2% | -325.7% | 34.7% | 155.8% | 107.8% | 54.1% | 45.9% | 19.6% |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | 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 |
| Assets | |||||||||||||||||||||||
| Current Assets | |||||||||||||||||||||||
| Cash and Cash Equivalents | $482.88M | $503.8M | $928.97M | $534.36M | $404.58M | $339.53M | $299.69M | $160.06M | $104.37M | $138.65M | $188.71M | $50.42M | $60.39M | $29.19M | $55.24M | $101.12M | $64.62M | $832K | $22.22M | $7.76M | $19.43M | $6.4M | $6.12M |
| Short-Term Investments | $0 | $0 | $6.55M | $0 | $0 | $0 | $0 | $0 | $0 | $5.4M | $2.02M | $2.5M | $37.32M | $3.55M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $482.88M | $503.9M | $935.52M | $535.86M | $406.25M | $339.53M | $301.12M | $160.06M | $104.37M | $144.05M | $190.73M | $52.92M | $97.71M | $32.74M | $55.24M | $101.12M | $64.62M | $832K | $22.22M | $7.76M | $19.43M | $6.4M | $6.12M |
| Accounts Receivable | $6.53M | $10.89B | $0 | $14.14B | $11.83B | $12.45M | $3.94B | $1.29M | $688K | $0 | $8.08M | $37K | $98K | $24K | $656K | $335K | $15.24M | $2.93M | $0 | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$6.11M | -$684K | -$5.62M | -$3K | -$2K | -$6.4M | -$10.93M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | -$6.53M | $759.33M | $608.23M | $1.25B | $1.72B | -$351.98M | $1.08B | $0 | $0 | $0 | $587K | $14.35M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Current Assets | $482.88M | $12.15B | $1.54B | $15.93B | $13.95B | $0 | $5.32B | $160.06M | $104.37M | $144.05M | $199.4M | $67.3M | $109.18M | $32.74M | $121.6M | $104.42B | $65.11B | $1.36B | $37.92B | $29.86B | $49.04B | $52.98B | $6.12M |
| Long-Term Assets | |||||||||||||||||||||||
| Property, Plant & Equipment Net | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$4.61B | -$3.63B | -$2.97B | $0 | $0 | $0 | $0 | $128.4M | $0 | $0 | $46.48M | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $56.63M | $56.63M | $56.63M | $56.63M | $56.63M | $56.63M | $56.63M | $116.17M | $121.77M | $97.49M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $370.77M | $400.17M | $426.01M | $440.91M | $466.87M | $428.8M | $340.5M | $273.77M | $252.61M | $227.74M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $12.15B | $382.31M | $13.16B | $346.4M | $385.67M | $169.8M | $381.7M | $97.94M | $51.49M | $39.35M | $32.89M | $7.37M | $42M | $106.12M | $94.67M | $69.14M | $125.96M | $88.08M | $265.67M | $71.91M | $29.62M | $51.84M | $5.92M |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $4.61B | $3.63B | $2.97B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | -$12.49B | $503.5M | $554.7M | $261.44M | $209.98M | -$655.22M | $137.57M | $3.96B | $3.1B | $2.46B | $1.6B | $1.81B | $1.73B | $1.56B | $1.43B | -$69.14M | -$125.96M | -$134.56M | -$265.67M | -$71.91M | -$29.62M | -$51.84M | -$5.92M |
| Total Long-Term Assets | $86.55M | $1.34B | $14.2B | $1.11B | $1.12B | $0 | $916.4M | $4.45B | $3.52B | $2.83B | $1.63B | $1.81B | $1.77B | $1.67B | $1.66B | $69.14M | $125.96M | $134.56M | $265.67M | $71.91M | $29.62M | $51.84M | $5.92M |
| Other Assets | $13.93B | $0 | $0 | $0 | $0 | $7.66B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$102.76B | -$63.18B | $1.08B | -$35.28B | -$27.72B | -$47.68B | -$52.12B | $326.13M |
| Total Assets | $14.49B | $13.49B | $15.74B | $17.04B | $15.07B | $7.66B | $6.24B | $4.61B | $3.63B | $2.97B | $1.83B | $1.88B | $1.88B | $1.7B | $1.78B | $1.73B | $2.06B | $2.58B | $2.9B | $2.2B | $1.4B | $912.3M | $338.16M |
| Liabilities | |||||||||||||||||||||||
| Current Liabilities | |||||||||||||||||||||||
| Accounts Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $17.44M | $2M | $993K | $0 | $0 | $0 | $0 | $0 |
| Short-Term Debt | $4.93B | $3.43B | $3.24B | $3.77B | $4.3B | $1B | $1.53B | $478.23M | $405.75M | $455.89M | $58.98M | $89.02M | $0 | $0 | $161.56M | $0 | $416.66M | $0 | $0 | $0 | $0 | $0 | $50.17M |
| 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 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $77.12B | $77.12B | $77.12B | $77.12B | $77.12B | $77.12B | $77.12B | $0 | $0 | $0 | $0 |
| Other Current Liabilities | -$501K | $0 | $0 | $0 | $0 | -$1B | $0 | -$478.23M | -$505.58M | -$461.93M | -$62.41M | -$91.68M | -$2.79M | -$3.08M | -$164.29M | $77.1B | -$425.33M | -$33.32M | $0 | $0 | $0 | $0 | -$50.17M |
| Total Current Liabilities | $4.93B | $3.44B | $3.25B | $3.77B | $4.3B | $0 | $1.53B | $323.41M | $299.06M | $284.51M | $54.48M | $51.99M | $140.8M | $231.8M | $167.2M | $183.5M | $184.8M | $245.1M | $238M | $103.3M | $94.2M | $74.6M | $50.17M |
| Long-Term Liabilities | |||||||||||||||||||||||
| Long-Term Debt | $6.12B | $6.55B | $8.82B | $9.79B | $7.86B | $3.68B | $3.17B | $2.26B | $2.1B | $1.19B | $1.07B | $1.1B | $1.14B | $1.16B | $1.37B | $250.7M | $676.15M | $1.43B | $2.02B | $1.43B | $600.67M | $174.36M | $67.04M |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $3.55B | $2.76B | $2.22B | $0 | $0 | $77.12M | $77.12M | $77.12M | $77.12M | $77.12M | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$3.55B | -$2.76B | -$2.22B | $0 | $0 | $2.79M | $3.08M | -$53.75M | -$20.75M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $378.35M | $294.48M | $347.56M | $400.41M | $369.04M | -$3.68B | $178.95M | -$2.26B | -$2.1B | -$1.19B | -$1.07B | -$1.1B | $207.21M | -$1.24B | -$1.5B | -$348.58M | -$753.27M | -$1.43B | -$2.02B | -$1.43B | -$600.67M | -$174.36M | -$67.04M |
| Total Long-Term Liabilities | $6.5B | $6.9B | $9.23B | $10.19B | $8.22B | $0 | $3.35B | $3.39B | $2.63B | $2.1B | $1.21B | $1.28B | $1.3B | $1.24B | $1.44B | $1.34B | $1.78B | $2.05B | $2.27B | $1.8B | $1.01B | $574.9M | $58.63M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $6.18B | $0 | -$170.33M | -$168.73M | -$159.9M | $0 | $13.93M | -$24K | -$1.98M | -$1.95M | -$2.01M | -$1.96M | $42K | -$72.82M | -$65.43M | -$63.72M | -$60.21M | $74.61M |
| Total Liabilities | $11.43B | $10.34B | $12.48B | $13.97B | $12.52B | $6.18B | $4.88B | $3.55B | $2.76B | $2.22B | $1.26B | $1.34B | $1.44B | $1.47B | $1.6B | $1.52B | $1.96B | $2.3B | $2.43B | $1.84B | $1.04B | $589.29M | $183.42M |
| Stockholders' Equity | |||||||||||||||||||||||
| Preferred Stock | $633.68M | $633.68M | $633.68M | $633.68M | $556.16M | $89.47M | $89.5M | $89.5M | $89.51M | $89.51M | $89.3M | $89.3M | $67.65M | $0 | $0 | $0 | $0 | $0 | $38K | $38K | $38K | $38K | $31K |
| Common Stock | $1.96M | $1.89M | $1.89M | $1.78M | $1.51M | $1.23M | $1.1M | $840K | $617K | $514K | $510K | $531K | $518K | $339K | $268K | $258K | $257K | $254K | $208K | $174K | $171K | $165K | $82K |
| Retained Earnings | -$136.6M | $13.04M | $115.22M | $97.05M | $62.53M | -$63.44M | -$60.92M | -$74.13M | -$101.93M | -$125.13M | -$136.12M | -$152.48M | -$212.23M | -$207.56M | -$221.02M | -$180.69M | -$293.59M | -$62.94M | $65.67M | $27.73M | $21.45M | $8.81M | -$692K |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 | $0 | $0 | -$0 | $0 | $176K | $321K | -$4.84M | -$14.67M | -$25.24M | -$39.56M | -$47.7M | -$55.17M | -$53.33M | -$96.61M | -$29M | $2.15M | -$439K | -$690K | -$521K |
| Other Stockholders' Equity | $3.09B | $3.01B | $3B | $2.84B | $2.35B | $1.41B | $1.24B | $968.53M | $797.13M | $711.76M | $700.7M | $687.41M | $649.31M | $436.55M | $391.87M | $384.85M | $390.02M | $343.69M | $329.39M | $268.2M | $265.99M | $253.78M | $111.73M |
| Total Equity | $2.95B | $3.02B | $3.12B | $2.94B | $2.42B | $1.34B | $1.18B | $895.24M | $695.83M | $587.14M | $565.09M | $535.46M | $437.6M | $229.33M | $171.13M | $204.42M | $96.69M | $281.01M | $395.26M | $296.11M | $287.61M | $262.75M | $111.12M |
| Minority Interest | $113.8M | $127.89M | $136.63M | $134.88M | $131.86M | $138.31M | $171.42M | $170.33M | $168.73M | $159.9M | $0 | $0 | $0 | $1.93M | $1.93M | $2M | $1.94M | -$11K | $72.85M | $65.47M | $63.69M | $60.25M | $43.63M |
| Total Liabilities and Equity | $14.38B | $13.36B | $15.6B | $16.9B | $14.94B | $7.52B | $6.07B | $4.44B | $3.46B | $2.81B | $1.83B | $1.88B | $1.88B | $1.7B | $1.77B | $1.73B | $2.06B | $2.58B | $2.83B | $2.14B | $1.33B | $852.05M | $294.53M |
| Supplementary Data | |||||||||||||||||||||||
| Total Debt | $11.05B | $10.04B | $12.12B | $13.57B | $12.15B | $4.68B | $4.7B | $3.31B | $2.53B | $2.02B | $1.17B | $1.26B | $1.12B | $1.16B | $1.44B | $271.45M | $1.78B | $1.99B | $2.02B | $1.43B | $600.67M | $174.36M | $108.81M |
| Net Debt | $10.57B | $9.54B | $11.2B | $13.03B | $11.75B | $4.34B | $4.4B | $3.15B | $2.43B | $1.88B | $984.48M | $1.21B | $1.06B | $1.13B | $1.38B | $170.33M | $1.71B | $1.99B | $2B | $1.42B | $581.24M | $167.96M | $102.69M |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | 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 |
| Operating Activities | |||||||||||||||||||||||
| Net Income | $157.83M | $283.92M | $400.56M | $353.83M | $377.81M | $170.95M | $128.63M | $148.05M | $97.51M | $62.48M | $53.43M | $93.05M | $21.3M | $21.72M | -$40.1M | $113.13M | -$211.96M | -$81.23M | $84.53M | $50.41M | $50.39M | $25.07M | $3.41M |
| Depreciation & Amortization | $23.21M | $77.98M | $72.84M | $68.61M | $65.83M | $56.86M | $7.51M | $55.58M | $54.59M | $26.73M | $5.44M | $7.37M | $7.25M | $5.9M | $5.95M | $570K | $756K | $752K | $1.59M | -$220K | -$166K | -$1.43M | $0 |
| Deferred Income Tax | $3.77M | -$11.61M | -$7.35M | -$1.74M | $10.89M | $0 | $0 | -$12.03M | -$7.4M | -$7.87M | -$10.99M | -$88.26M | $1.26M | -$9.43M | $40.32M | $1.71M | $273.39M | -$3.05B | -$2.2B | -$2.33B | $0 | -$324.34M | $0 |
| Stock-Based Compensation | $13.79M | $14.23M | $14.94M | $14.97M | $9.93M | $0 | $0 | $6.09M | $4.84M | $3.51M | $3.44M | $1.99M | $1.6M | $578K | $1.41M | $311K | $2.41M | $3.05B | $2.45B | $2.33B | $0 | $324.34M | $0 |
| Changes in Working Capital: | |||||||||||||||||||||||
| Accounts Receivable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | $11.59M | -$69.56M | -$74.34M | -$70.58M | -$75.61M | $6.94M | -$8.33M | -$8.21M | $822K | -$3.83M | $2.62M | -$2.21M | -$5.76M | $942K | -$7.73M | $3.02M | $33.7M | -$30.77M | $66.66M | -$6.52M | $4.6M | -$4.03M | $0 |
| Total Working Capital Change | $11.59M | -$69.56M | -$74.34M | -$70.58M | -$75.61M | $6.94M | -$8.33M | -$8.21M | $822K | -$3.83M | $2.62M | -$2.21M | -$5.76M | $942K | -$7.73M | $3.02M | $33.7M | -$30.77M | $66.66M | -$6.52M | $4.6M | -$4.03M | $5.97M |
| Other Non-Cash Items | $186.15M | $166.57M | -$170.79M | $734.57M | -$172.01M | -$179.59M | -$354.13M | -$227.22M | $310.48M | -$278.64M | -$17.6M | $18.86M | -$3.13M | $459K | -$246K | -$97.83M | -$48.89M | $161.65M | -$248.05M | $21.42M | $18.42M | $8.46M | $1.46M |
| Net Cash from Operating | $396.35M | $461.52M | $235.86M | $1.1B | $216.85M | $55.16M | -$226.32M | -$37.73M | $460.83M | -$197.62M | $36.35M | $30.8M | $22.52M | $20.17M | -$390K | $20.9M | $49.42M | $50.4M | $159.69M | $65.09M | $73.24M | $28.07M | $10.84M |
| Investing Activities | |||||||||||||||||||||||
| Capital Expenditures | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$367K | -$1.2M | $48.44M | $37.85M | $17.2M | -$8M | $22.24M | -$22.11B | $189.13M | $167.74M | $0 | $0 | $0 | $0 | $0 | $0 |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $367K | $1.2M | -$68.36M | -$37.85M | -$17.2M | $8M | -$22.24M | $3.74M | -$2.28M | $2.32M | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | -$19.59M | -$18.99M | -$45.41M | -$101.58M | -$38.95M | -$34M | -$49.99M | -$27.87M | -$6.09M | -$20.88M | -$526K | -$29.02M | -$69.3M | -$37.85M | -$6.59M | -$12.41M | -$58.06B | -$16.72M | $0 | $0 | -$733.14M | -$5.92M |
| Sales of Investments | $0 | $483K | $4.63M | $19.03M | $13.32M | $29.02M | $12.49M | $2.27M | $460K | $1.57M | $2.1M | $34.57M | $43.13M | $55.9M | $22.09B | $57.78M | $2.71M | $0 | $22.15M | $7.9M | $16M | $221.43M | $0 |
| Other Investing Activities | -$1.31B | $1.17B | $1.89B | -$2.29B | -$6.66B | -$1.15B | -$973.44M | -$634.15M | -$880.54M | -$177.48M | $43.51M | $110.91M | -$214.19M | -$33.13M | $10.03M | -$218K | -$8.63M | $58.29B | -$615.43M | -$796.12M | -$461.64M | -$53.37M | -$108.9M |
| Net Cash from Investing | -$1.31B | $1.15B | $1.88B | -$2.32B | -$6.75B | -$1.16B | -$994.95M | -$681.88M | -$907.95M | -$201.92M | $24.73M | $144.95M | -$200.08M | -$46.53M | -$40.35M | $237.81M | $151.72M | $231.17M | -$609.99M | -$788.22M | -$445.64M | -$565.08M | -$114.82M |
| Financing Activities | |||||||||||||||||||||||
| Debt Repaid | -$1.06B | $2.07B | $1.58B | -$1.47B | -$6.27B | -$1.16B | -$1.29B | -$414.89M | -$914.08M | -$28.09M | $6.15M | $49.21M | -$9.85M | $92.21M | $58.21M | $60.04M | $202.3M | -$5.48M | -$463.25M | -$790.62M | -$455.27M | -$605.6M | - |
| Common Stock Issuance | $70.52M | $10.03M | $193.66M | $408.74M | $514.59M | $183.59M | $260.38M | $156.42M | $76.22M | $0 | $0 | $6.8M | $134.18M | $39.2M | $0 | $0 | $0 | $0 | $73.65M | $116M | $5.38M | $156.56M | $0 |
| Common Stock Repurchases | -$3.61M | -$11.41M | -$37.43M | -$546K | -$56.01M | -$21.53M | -$11.57M | -$10.07M | $0 | $0 | $0 | $0 | $0 | -$685K | -$5.75M | $0 | $0 | $0 | -$73.65B | -$7.02M | $0 | $0 | $0 |
| Dividends Paid | -$319.95M | -$394.84M | -$380.64M | -$321.74M | -$227.06M | $0 | $0 | -$68.08M | -$42.61M | -$31.8M | -$29.5M | -$26.03M | -$21.33M | -$8.03M | $0 | $0 | -$236K | -$47.38M | -$46.6M | -$44.13M | -$46.21M | -$19.49M | -$4.1M |
| Other Financing Activities | -$3.4M | -$25.8M | -$8.36M | -$58.55M | -$79.39M | -$40.23M | -$28.7M | $337.76M | -$124.97M | $20.89M | $174.26M | -$152.73M | $19.82M | $10.32M | -$46.36M | $4.3M | $65.2M | $9.76M | -$26.54M | -$28.12M | -$13.16M | -$13.37M | $0 |
| Net Cash from Financing | $798.75M | -$2.49B | -$1.83B | $1.57B | $6.89B | $1.13B | $1.39B | $816.51M | $412.84M | $349.47M | $77.21M | -$185.72M | $208.76M | $320K | -$5.15M | -$222.22M | -$137.34M | -$302.96M | $464.77M | $711.46M | $385.43M | $537.29M | $110.1M |
| 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 |
| Net Change in Cash | -$109.96M | -$877.03M | $289.04M | $356.89M | $354.27M | $26.44M | $169.89M | $96.9M | -$34.27M | -$50.06M | $138.29M | -$9.97M | $31.2M | -$26.05M | -$45.89M | $36.5M | $63.79M | -$21.39M | $14.46M | -$11.67M | $13.03M | $286K | $6.12M |
| Supplementary Data | |||||||||||||||||||||||
| Operating Cash Flow | $396.35M | $461.52M | $235.86M | $1.1B | $216.85M | $55.16M | -$226.32M | -$37.73M | $460.83M | -$197.62M | $36.35M | $30.8M | $22.52M | $20.17M | -$390K | $20.9M | $49.42M | $50.4M | $159.69M | $65.09M | $73.24M | $28.07M | $10.84M |
| Capital Expenditure | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$367K | -$1.2M | $48.44M | $37.85M | $17.2M | -$8M | $22.24M | -$22.11B | $189.13M | $167.74M | $0 | $0 | $0 | $0 | $0 | $0 |
| Free Cash Flow | $396.35M | $461.52M | $235.86M | $1.1B | $216.85M | $55.16M | -$226.32M | -$38.1M | $459.63M | -$149.18M | $74.2M | $47.99M | $14.52M | $42.4M | -$22.11B | $210.03M | $217.16M | $50.4M | $159.69M | $65.09M | $73.24M | $28.07M | $10.84M |
| Cash at Beginning | $660.18M | $1.54B | $1.25B | $891.27M | $537M | $510.56M | $340.67M | $243.77M | $138.65M | $188.71M | $50.42M | $60.39M | $29.19M | $55.24M | $101.12M | $64.62M | $832K | $22.22M | $7.76M | $19.43M | $6.4M | $6.12M | $0 |
| Cash at End | $550.22M | $660.18M | $1.54B | $1.25B | $891.27M | $537M | $510.56M | $340.67M | $104.37M | $138.65M | $188.71M | $50.42M | $60.39M | $29.19M | $55.24M | $101.12M | $64.62M | $832K | $22.22M | $7.76M | $19.43M | $6.4M | $6.12M |