ADAMS DIVERSIFIED EQUITY FUND, INC. (ADX)
Adams Diversified Equity Fund, Inc. (ADX) operates as a publicly traded investment management firm, offering its services to other investment companies. It primarily focuses on the United States' public equity markets, investing in large-capitalization companies across various sectors. The firm employs a comprehensive, bottom-up stock selection process, which combines fundamental, technical, and quantitative analysis. Their investment decisions are heavily influenced by a deep dive into factors such as earnings growth potential, financial health, cash flow generation, broader macroeconomic trends, capital management strategies, market competition, and overall profitability. ADX enhances its proprietary in-house research with external insights to inform its investment choices. To measure its effectiveness, the firm benchmarks the performance of its portfolios against the S&P 500 Index. Founded in Baltimore, Maryland, in 1840, the company was historically known as The Adams Express Company.
Industry: Asset Management
Adams Diversified Equity Fund, Inc.
NYSE:ADXFinancial Services · Asset Management
-0.63%$25.32
AH Close$25.30-0.08%vs close
AH Close$25.30-0.08%vs close
Mkt Cap$3.16B
Float120.36M
O/S124.93M
Inst Own16.6%
SI1.1%
Div Yield7.54%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$202.69M
Net Income$480.65M
Total Assets$3.04B
Free Cash Flow$0
Debt & Equity
Equity 100%
Total Debt$0
Total Equity$3.03B
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in ADX's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$3.04B
Liabilities$10.46M
Accounts Receivable$1.73M
Accounts Payable$0
Inventory$0
PP&E (Net)$0
Goodwill$0
Intangible Assets$0
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Revenue | $202.69M | $331.1M | $173.82M | -$458.78M | $638.99M | $361.7M | $490.69M | -$51.61M | $382.9M | $106.2M | $101.43M | $27.71M | $27.53M | $24.94M | $19.94M | $19.41M | $19.61M | $26.66M | $32.12M | $26.23M | $23.97M | $24.34M | $20.69M | $20.8M | $24.16M | $26.17M | $24.82M | $25.95M | $25.79M | $27.79M |
| YoY Growth | -38.8% | 90.5% | -137.9% | -171.8% | 76.7% | -26.3% | -1050.8% | -113.5% | 260.5% | 4.7% | 266.0% | 0.7% | 10.4% | 25.1% | 2.7% | -1.0% | -26.4% | -17.0% | 22.5% | 9.4% | -1.5% | 17.6% | -0.5% | -13.9% | -7.7% | 5.4% | -4.4% | 0.6% | -7.2% | - |
| Cost of Revenue | $1.55M | $2.57M | $1.52M | $1.53M | $1.51M | $1.36M | $1.25M | $1.16M | $1.09M | $1.07M | $3.4M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Gross Profit | $201.14M | $564.12M | $566.28M | -$460.32M | $637.48M | $360.34M | $489.44M | -$52.77M | $381.81M | $105.13M | $98.03M | $27.71M | $27.53M | $24.94M | $19.94M | $19.41M | $19.61M | $26.66M | $32.12M | $26.23M | $23.97M | $24.34M | $20.69M | $20.8M | $24.16M | $26.17M | $24.82M | $25.95M | $25.79M | $27.79M |
| Gross Margin | 99.2% | 170.4% | 325.8% | 100.3% | 99.8% | 99.6% | 99.7% | 102.2% | 99.7% | 99.0% | 96.6% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 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 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $11.6M | $6.05M | $5.43M | $4.63M | $5.64M | $4.88M | $4.4M | $4.52M | $4.14M | $0 | $9.88M | $8.59M | $8.87M | $7.39M | $5.89M | $5.86M | $7.85M | $5.4M | $5.97M | $6.32M | $5.5M | $5.11M | $4.9M | $3.86M | $2.79M | $4.99M | $5.43M | $2.66M | $4.26M | $2.72M |
| Other | -$291.11M | $8.5M | $7.92M | $6.91M | $7.43M | $356.14M | $7.53M | $5.54M | $5.23M | $99.44M | -$81.72M | $77K | $30K | $340K | $790K | $10K | -$3.67M | $4.23M | $430K | $220K | $180K | $230K | $180K | $200K | $280K | $240K | $250K | $710K | $740K | $830K |
| Total Operating Expenses | -$279.51M | $14.56M | $13.35M | $11.55M | $13.07M | $361.03M | $11.94M | $10.06M | $9.37M | $89.33M | $81.72M | $160.84M | $299.28M | $121.16M | $6.68M | $5.87M | $4.18M | $9.63M | $6.4M | $6.54M | $5.68M | $5.34M | $5.08M | $4.06M | $3.07M | $5.23M | $5.68M | $3.37M | $5M | $3.55M |
| Operating Income (EBIT) | $480.65M | $549.57M | $552.92M | -$471.12M | $625.09M | $349.95M | $478.76M | -$61.67M | $373.53M | $18.91M | $16.32M | $19.12M | $18.66M | $17.55M | $13.26M | $13.54M | $15.43M | $17.03M | $25.73M | $19.69M | $18.29M | $19.01M | $15.61M | $16.74M | $21.09M | $20.94M | $19.14M | $22.58M | $20.79M | $24.24M |
| Operating Margin | 237.1% | 166.0% | 318.1% | 102.7% | 97.8% | 96.8% | 97.6% | 119.5% | 97.6% | 17.8% | 16.1% | 69.0% | 67.8% | 70.4% | 66.5% | 69.8% | 78.7% | 63.9% | 80.1% | 75.1% | 76.3% | 78.1% | 75.4% | 80.5% | 87.3% | 80.0% | 77.1% | 87.0% | 80.6% | 87.2% |
| Interest Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $97.1M | $0 | $168.44M | $308.15M | $128.55M | $0 | $95.4M | $225.7M | $0 | $52.13M | $158.83M | $26.63M | $116.27M | $236.65M | -$285.88M | -$508.79M | -$123.1M | $526.34M | $296.9M | $314.43M | $171.21M |
| Interest Income | $32.79M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $414K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $98.69M | -$4.72M | $0 | $0 | $0 | -$50.72M | $95.4M | $225.7M | -$489.47M | $52.12M | $158.83M | $26.63M | $116.27M | $236.65M | -$285.88M | -$508.79M | -$123.1M | $526.35M | $296.9M | $314.42M | $171.21M |
| Income Before Tax (EBT) | $480.65M | $549.57M | $552.92M | -$471.12M | $625.09M | $349.95M | $478.76M | -$61.67M | $373.53M | $117.6M | $11.59M | $188.55M | $326.81M | $146.1M | -$37.46M | $108.94M | $241.13M | -$472.44M | $77.85M | $178.52M | $44.92M | $135.28M | $252.26M | -$269.14M | -$487.7M | -$102.16M | $545.49M | $319.48M | $335.21M | $195.45M |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$161K | $0 | $0 | $0 | $169.43M | $308.15M | $128.55M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Income | $480.65M | $549.57M | $552.92M | -$471.12M | $625.09M | $349.95M | $478.76M | -$61.67M | $373.53M | $117.6M | $11.59M | $188.55M | $326.81M | $146.1M | -$37.46M | $108.94M | $241.13M | -$472.44M | $77.85M | $178.52M | $44.92M | $135.28M | $252.26M | -$269.14M | -$487.7M | -$102.16M | $545.49M | $319.48M | $335.21M | $195.45M |
| Net Income Margin | 237.1% | 166.0% | 318.1% | 102.7% | 97.8% | 96.8% | 97.6% | 119.5% | 97.6% | 110.7% | 11.4% | 680.4% | 1187.1% | 585.8% | -187.9% | 561.3% | 1229.6% | -1772.1% | 242.4% | 680.6% | 187.4% | 555.8% | 1219.2% | -1293.9% | -2018.6% | -390.4% | 2197.8% | 1231.1% | 1299.8% | 703.3% |
| Supplementary Data | ||||||||||||||||||||||||||||||
| EPS | 3.92 | 4.62 | 4.57 | -3.99 | 5.59 | 3.21 | 4.40 | -0.67 | 3.77 | 1.00 | 0.12 | 1.96 | 3.47 | 1.57 | -0.41 | 1.23 | 2.76 | -5.40 | 0.89 | 2.06 | 0.52 | 1.57 | 2.97 | -3.18 | -5.72 | -1.24 | 6.75 | 4.24 | 4.73 | 2.80 |
| Diluted EPS | 3.92 | 4.62 | 4.57 | -3.99 | 5.59 | 3.21 | 4.40 | -0.67 | 3.77 | 99435782.00 | 0.12 | 1.96 | 3.47 | 1.57 | -0.41 | 1.23 | 2.76 | -5.40 | 0.89 | 2.06 | 0.52 | 1.57 | 2.97 | -3.18 | -5.72 | -1.24 | 6.75 | 4.24 | 4.73 | 2.80 |
| Weighted Average OS | 122.54M | 118.95M | 120.99M | 118.08M | 111.82M | 109.02M | 108.87M | 92.04M | 99.08M | 117.60M | 97.91M | 96.29M | 94.22M | 93.03M | 91.07M | 88.89M | 87.42M | 87.41M | 87.67M | 86.84M | 86.10M | 86.14M | 84.89M | 84.54M | 85.23M | 82.29M | 80.84M | 75.27M | 70.86M | 69.91M |
| EBITDA | $480.65M | $549.57M | $552.92M | -$471.12M | $625.09M | $349.95M | $478.76M | -$61.67M | $373.53M | $117.6M | $16.32M | $188.55M | $326.81M | $146.1M | -$37.46M | $204.34M | $466.83M | -$468.39M | $129.98M | $337.35M | $71.55M | $251.55M | $488.91M | -$555.02M | -$996.49M | -$225.26M | $1.07B | $616.38M | $649.64M | $366.66M |
| EBITDA Margin | 237.1% | 166.0% | 318.1% | 102.7% | 97.8% | 96.8% | 97.6% | 119.5% | 97.6% | 110.7% | 16.1% | 680.4% | 1187.1% | 585.8% | -187.8% | 1052.8% | 2380.6% | -1756.9% | 404.7% | 1286.1% | 298.5% | 1033.5% | 2363.0% | -2668.4% | -4124.5% | -860.8% | 4318.4% | 2375.3% | 2519.0% | 1319.4% |
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 | FY 2006 | FY 2005 | FY 2004 | FY 2003 | FY 2002 | FY 2001 | FY 2000 | FY 1999 | FY 1998 | FY 1997 | FY 1996 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Assets | ||||||||||||||||||||||||||||||
| Current Assets | ||||||||||||||||||||||||||||||
| Cash and Cash Equivalents | $271K | $74K | $253K | $247K | $258K | $637K | $261K | $3.24M | $179K | $369K | $235K | $647K | $669K | $229K | $300K | $300K | $500K | $400K | $400K | $500K | $300K | $200K | $300K | $100K | $100K | $100K | $100K | $200K | $200K | $100K |
| Short-Term Investments | $24.6M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $34.51M | $19.9M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $24.87M | $74K | $253K | $247K | $258K | $637K | $261K | $3.24M | $179K | $34.88M | $20.13M | $647K | $669K | $229K | $300K | $300K | $500K | $400K | $400K | $500K | $300K | $200K | $300K | $100K | $100K | $100K | $100K | $200K | $200K | $100K |
| Accounts Receivable | $1.73M | $1.3M | $7.6M | $18.42M | $14.89M | $3.92M | $1.95M | $1.71M | $1.13M | $1.75M | $1.47M | $37.37M | $1.8M | $1.93M | $1.2M | $5.04M | $900K | $1.2M | $1.41M | $1.5M | $1.5M | $1.4M | $1M | $5M | $1M | $1.8M | $1.4M | $2M | $2.2M | $2.7M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $20.9M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $0 | -$4.33M | $0 | $0 | $0 | -$7.07M | -$1.96M | $6.04M | $0 | $0 | $0 | $796K | $1.61M | $21.99M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Current Assets | $26.59M | $1.37M | $11.35M | $22.37M | $19.21M | $0 | $2.21M | $4.95M | $1.31M | $2.86M | $2.17M | $42.69M | $7.66M | $24.15M | $1.5M | $5.3M | $1.4M | $1.6M | $1.8M | $2M | $1.8M | $1.6M | $1.3M | $5.1M | $1.1M | $1.9M | $1.5M | $2.2M | $2.4M | $2.8M |
| Long-Term Assets | ||||||||||||||||||||||||||||||
| Property, Plant & Equipment Net | $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 |
| Goodwill | $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 |
| Intangible 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 |
| Long-Term Investments | $3.01B | $2.67B | $2.55B | $2.11B | $2.66B | $2.23B | $1.97B | $1.6B | $1.79B | $1.51B | $1.45B | $1.53B | $1.42B | $1.14B | $1.06B | $1.14B | $1.1B | $957.7M | $1.41B | $1.44B | $1.31B | $1.35B | $1.34B | $1.08B | $1.48B | $2.41B | $2.53B | $1.88B | $1.42B | $1.14B |
| Deferred Tax 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 |
| Other Long-Term Assets | $5.02M | $0 | $0 | $0 | $0 | $0 | $0 | -$1.6B | -$1.79B | $28.6M | $19.9M | $0 | $405K | -$1.14B | -$1.06B | -$1.14B | -$1.1B | -$957.7M | -$1.41B | -$1.44B | -$1.31B | -$1.35B | -$1.34B | -$1.08B | -$1.48B | -$2.41B | -$2.53B | -$1.88B | -$1.42B | -$1.14B |
| Total Long-Term Assets | $3.01B | $2.67B | $2.55B | $2.11B | $2.66B | $2.23B | $1.97B | $1.6B | $1.79B | $1.54B | $1.47B | $1.53B | $1.42B | $1.14B | $1.06B | $1.14B | $1.1B | $957.7M | $1.41B | $1.44B | $1.31B | $1.35B | $1.34B | $1.08B | $1.48B | $2.41B | $2.53B | $1.88B | $1.42B | $1.14B |
| Other Assets | $0 | $4.33M | $0 | $3.71M | $4.06M | $2.23B | $1.96M | $1.42M | $1.08M | $0 | $0 | $0 | $0 | $12.15M | $3.6M | $3.9M | $3.2M | $2M | $5.5M | $5.6M | $7.3M | $7.1M | $7.2M | $7.1M | $7.2M | $6.6M | $5.9M | $5.1M | $3.8M | $3.4M |
| Total Assets | $3.04B | $2.67B | $2.56B | $2.13B | $2.68B | $2.23B | $1.98B | $1.6B | $1.79B | $1.55B | $1.48B | $1.57B | $1.43B | $1.18B | $1.06B | $1.15B | $1.11B | $961.3M | $1.42B | $1.45B | $1.32B | $1.36B | $1.34B | $1.09B | $1.49B | $2.42B | $2.53B | $1.89B | $1.43B | $1.14B |
| Liabilities | ||||||||||||||||||||||||||||||
| Current Liabilities | ||||||||||||||||||||||||||||||
| Accounts Payable | $0 | $0 | $2.57M | $18.72M | $19.75M | $0 | $16.8M | $0 | $0 | $0 | $0 | $36.92M | $4.6M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Short-Term Debt | $0 | $0 | $0 | $0 | $0 | $521K | $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 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 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | -$20.81M | -$15.77M | $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 | $0 | $0 | -$8.44M | -$8.98M | $0 | -$11.55M | $20.81M | -$20.57M | -$4.54M | $28.06M | $0 | $0 | $29K | $19.15M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Current Liabilities | $4.44M | $4.06M | $2.57M | $18.72M | $29.13M | $0 | $27.42M | $20.57M | $4.54M | $31.78M | $3.51M | $39.62M | $6.53M | $19.15M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $7M | $0 | $0 | $0 | $0 |
| Long-Term Liabilities | ||||||||||||||||||||||||||||||
| Long-Term Debt | $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 |
| 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 | $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 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $10.46M | $0 | $8.44M | $8.98M | $9.38M | $0 | $0 | $0 | $0 | $225K | $0 | $0 | $2.73M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Long-Term Liabilities | $10.46M | $4.8M | $8.44M | $8.98M | $9.38M | $7.18M | $6.61M | $7.77M | $4.77M | $32.01M | $3.51M | $0 | $9.3M | $22.5M | $14M | $22.9M | $62.6M | $121.3M | $42.8M | $74.4M | $57M | $64.4M | $125.3M | $69.5M | $120.3M | $459.5M | $362.2M | $198.3M | $4.5M | $4.3M |
| Other Liabilities | $0 | $0 | $0 | -$9.74M | -$29.13M | $7.7M | -$6.61M | -$4.8M | -$4.54M | -$31.78M | -$3.51M | $0 | -$9.3M | -$19.15M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $5.3M | $0 | $0 | $0 | $0 |
| Total Liabilities | $10.46M | $8.86M | $11.01M | $27.7M | $29.13M | $7.7M | $27.42M | $23.54M | $4.77M | $32.01M | $3.51M | $39.62M | $6.53M | $22.5M | $14M | $22.9M | $62.6M | $121.3M | $42.8M | $74.4M | $57M | $64.4M | $125.3M | $69.5M | $120.3M | $471.8M | $362.2M | $198.3M | $4.5M | $4.3M |
| 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 |
| Common Stock | $123K | $118K | $124K | $121K | $118K | $111K | $109K | $106K | $102K | $99K | $98K | $96K | $94K | $93K | $100K | $100K | $100K | $100K | $100K | $100K | $86.1M | $86.1M | $84.9M | $84.5M | $85.2M | $82.3M | $53.9M | $51.9M | $49.9M | $48M |
| Retained Earnings | $1.58B | $1.32B | $1.05B | $655.35M | $1.25B | $957.44M | $719.48M | $390.34M | $900K | $261K | -$710K | $471.82M | $393.66M | $144.73M | -$2.6M | -$4.8M | -$4.3M | $4M | $4.1M | $5.9M | $6.2M | $6.4M | $8.1M | $7.7M | $9.4M | $7.6M | $4.4M | $5.5M | $4.9M | $6.5M |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $390.34M | $652.77M | $415.98M | $1.08B | -$2.38M | -$1.54M | $140.2M | $59.9M | $157.2M | $92.5M | -$118M | $408.5M | $417M | $316.3M | $343.7M | $282.1M | $94.6M | $425M | $1.05B | $1.3B | $879.1M | $665.2M | $422.4M |
| Other Stockholders' Equity | $1.45B | $1.34B | $1.5B | $1.45B | $1.4B | $1.27B | $1.23B | $1.19B | $1.78B | $1.51B | $1.47B | $1.06B | $1.03B | $1.01B | $1.05B | $1.13B | $1.05B | $835.9M | $1.37B | $1.37B | $1.17B | $1.2B | $1.13B | $932.6M | $1.27B | $1.86B | $2.11B | $1.63B | $1.37B | $1.08B |
| Total Equity | $3.03B | $2.66B | $2.55B | $2.1B | $2.65B | $2.23B | $1.95B | $1.58B | $1.79B | $1.51B | $1.47B | $1.53B | $1.42B | $1.16B | $1.05B | $1.12B | $1.04B | $840M | $1.38B | $1.38B | $1.27B | $1.3B | $1.22B | $1.02B | $1.37B | $1.95B | $2.17B | $1.69B | $1.42B | $1.14B |
| 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 |
| Total Liabilities and Equity | $3.04B | $2.67B | $2.56B | $2.13B | $2.68B | $2.23B | $1.98B | $1.6B | $1.79B | $1.55B | $1.48B | $1.57B | $1.43B | $1.18B | $1.06B | $1.15B | $1.11B | $961.3M | $1.42B | $1.45B | $1.32B | $1.36B | $1.34B | $1.09B | $1.49B | $2.42B | $2.53B | $1.89B | $1.43B | $1.14B |
| Supplementary Data | ||||||||||||||||||||||||||||||
| Total Debt | $0 | $0 | $0 | $0 | $0 | $521K | $20.81M | $15.77M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Debt | -$271K | -$74K | -$253K | -$247K | -$258K | -$117K | $20.55M | $12.53M | -$179K | -$369K | -$235K | -$647K | -$669K | -$229K | -$300K | -$300K | -$500K | -$400K | -$400K | -$500K | -$300K | -$200K | -$300K | -$100K | -$100K | -$100K | -$100K | -$200K | -$200K | -$100K |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Operating Activities | ||||||||||||||||||||||||||||||
| Net Income | $480.65M | $549.57M | $552.92M | -$471.12M | $625.09M | $349.95M | $478.76M | -$61.67M | $373.53M | $117.6M | $11.59M | $188.55M | $326.81M | $146.1M | -$37.46M | $108.94M | $241.13M | -$472.44M | $77.85M | $178.52M | $44.92M | $135.28M | $252.26M | -$269.14M | -$487.7M | -$102.16M | $545.49M | $319.48M | $335.21M | $195.45M |
| Depreciation & Amortization | $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 |
| Deferred Income Tax | $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 |
| Stock-Based Compensation | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $12K | $260K | $395K | $634K | $545K | $145K | $422K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $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 | -$1.4M | $4.2M | -$3.2M | -$800K | $0 | $0 | $2.2M | -$1.7M | $2.8M |
| Inventory | $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 |
| 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 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.4M | -$4.2M | $3.2M | $800K | $0 | $0 | -$2.2M | $1.7M | -$2.8M |
| Total Working Capital Change | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2.38M | $0 | $1.3M | -$200K | -$600K | $200K | $3.8M | -$4.1M | -$200K | -$1.8M | $0 | -$1.4M | $4.2M | -$3.2M | -$800K | $0 | $0 | $2.2M | -$1.7M | $2.8M |
| Other Non-Cash Items | -$480.65M | -$549.57M | -$552.92M | $471.12M | -$625.09M | -$349.95M | $0 | $61.66M | -$373.79M | -$118M | -$12.23M | -$189.1M | -$326.96M | -$146.1M | $560K | -$240K | -$3.83M | $4.14M | $250K | -$20K | -$20K | $1.42M | -$4.16M | $3.24M | $800K | -$40K | $10K | -$2.18M | $1.69M | -$2.85M |
| Net Cash from Operating | $0 | $0 | $0 | $0 | $0 | $0 | $478.76M | -$61.67M | $373.53M | $117.6M | $13.97M | $187.71M | $328.2M | $145.9M | -$37.5M | $108.9M | $241.1M | -$472.4M | $77.9M | $176.7M | $44.9M | $135.3M | $252.3M | -$269.1M | -$487.7M | -$102.2M | $545.5M | $319.5M | $335.2M | $195.4M |
| Investing Activities | ||||||||||||||||||||||||||||||
| Capital Expenditures | $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 |
| Acquisitions | $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 |
| 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 |
| 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 |
| Other Investing Activities | $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 Cash from Investing | $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 |
| Financing Activities | ||||||||||||||||||||||||||||||
| Debt Repaid | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Common Stock Issuance | $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 Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $20.9M | $14.9M | $2.4M | -$11.7M | $10.7M | $9.9M | -$1.5M | $16.7M | $6.1M | -$11.3M | $37.6M | $29M | $64.3M | $49.3M | $44.4M | $36.5M |
| 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 | $0 | $0 |
| Other Financing Activities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$36.5M | -$29.3M | -$36.1M | -$66M | -$76.8M | -$66M | -$73.7M | -$58.6M | -$58.2M | -$74.4M | -$95.5M | -$117.1M | -$62.8M | -$55.6M | -$49.8M | -$42.9M |
| Net Cash from Financing | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$36.5M | -$29.3M | -$36.1M | -$66M | -$76.8M | -$66M | -$73.7M | -$58.6M | -$58.2M | -$74.4M | -$95.5M | -$117.1M | -$62.8M | -$55.6M | -$49.8M | -$42.9M |
| 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 |
| Net Change in Cash | $0 | -$179K | $6K | -$11K | -$379K | $376K | -$2.98M | -$204.88M | $272.27M | $41.35M | -$55.63M | $106.22M | $265.6M | $105.3M | -$73.9M | $79.6M | $205M | -$538.5M | $1.1M | $110.7M | -$28.8M | $76.7M | $194.1M | -$343.6M | -$583.2M | -$219.2M | $482.7M | $263.9M | $285.4M | $152.5M |
| Supplementary Data | ||||||||||||||||||||||||||||||
| Operating Cash Flow | $0 | $0 | $0 | $0 | $0 | $0 | $478.76M | -$61.67M | $373.53M | $117.6M | $13.97M | $187.71M | $328.2M | $145.9M | -$37.5M | $108.9M | $241.1M | -$472.4M | $77.9M | $176.7M | $44.9M | $135.3M | $252.3M | -$269.1M | -$487.7M | -$102.2M | $545.5M | $319.5M | $335.2M | $195.4M |
| Capital Expenditure | $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 |
| Free Cash Flow | $0 | $0 | $0 | $0 | $0 | $0 | $478.76M | -$61.67M | $373.53M | $117.6M | $13.97M | $187.71M | $328.2M | $145.9M | -$37.5M | $108.9M | $241.1M | -$472.4M | $77.9M | $176.7M | $44.9M | $135.3M | $252.3M | -$269.1M | -$487.7M | -$102.2M | $545.5M | $319.5M | $335.2M | $195.4M |
| Cash at Beginning | $0 | $253K | $247K | $258K | $637K | $261K | $3.24M | $179K | $369K | $235K | $647K | $700K | $200K | $300K | $300K | $500K | $400K | $400K | $500K | $300K | $200K | $300K | $100K | $100K | $100K | $100K | $200K | $200K | $100K | $200K |
| Cash at End | $0 | $74K | $253K | $247K | $258K | $637K | $261K | -$204.7M | $272.64M | $41.59M | -$54.98M | $106.92M | $265.8M | $105.6M | -$73.6M | $80.1M | $205.4M | -$538.1M | $1.6M | $111M | -$28.6M | $77M | $194.2M | -$343.5M | -$583.1M | -$219.1M | $482.9M | $264.1M | $285.5M | $152.7M |