AES CORP (AES)
The AES Corporation operates as an international enterprise primarily focused on electricity generation and distribution. Its activities involve both the ownership and management of power plants, producing and supplying electricity to a diverse clientele that includes other utility companies, large industrial consumers, and various intermediate purchasers. Beyond generation, AES also functions as a utility provider, managing infrastructure to either produce or acquire, then transmit, distribute, and ultimately sell power directly to end-users across residential, commercial, industrial, and governmental sectors. The company is also an active participant in the wholesale electricity market. For power production, AES utilizes a broad spectrum of energy sources and advanced technologies. This includes conventional fuels like coal and natural gas, as well as a significant commitment to renewables such as hydroelectric, wind, solar, and biomass. Its renewable portfolio further incorporates energy storage solutions and landfill gas. With an operational generation capacity of approximately 31,459 megawatts, the company maintains a substantial global presence, conducting business in the United States, Puerto Rico, various nations across Central and South America (including El Salvador, Chile, Colombia, Argentina, Brazil, Mexico), the Caribbean, Europe, and Asia. Founded in 1981, the company was initially named Applied Energy Services, Inc., before officially rebranding to The AES Corporation in April 2000. Its corporate headquarters are located in Arlington, Virginia.
Sector: Cogeneration Services & Small Power Producers
Industry: Diversified Utilities
The AES Corporation
NYSE:AESUtilities · Diversified Utilities
+0.20%$15.00
AH Close$15.00+0.00%vs close
AH Close$15.00+0.00%vs close
Mkt Cap$10.7B
Float707.87M
O/S713.44M
Inst Own89.2%
SI3.3%
Div Yield4.69%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$12.23B
Net Income$949M
Total Assets$51.77B
Free Cash Flow-$1.62B
Debt & Equity
Debt 76%
Equity 17%
Preferred 7%
Total Debt$30.33B
Total Equity$6.89B
Preferred Stock$2.82B
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in AES's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$51.77B
Liabilities$39.84B
Accounts Receivable$1.75B
Accounts Payable$1.98B
Inventory$612M
PP&E (Net)$38.19B
Goodwill$342M
Intangible Assets$2.04B
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Revenue | $12.23B | $12.28B | $12.68B | $12.62B | $11.14B | $9.66B | $10.19B | $10.74B | $10.51B | $10.17B | $14.11B | $17.11B | $15.88B | $18.13B | $17.34B | $16.57B | $13.93B | $16.07B | $13.59B | $11.58B | $10.25B | $9.39B | $9.39B | $7.38B | $6.3B | $6.21B | $3.25B | $2.4B | $1.41B | $835M | $679M | $533M | $518.7M | $401M | $333.5M | $190.2M |
| YoY Growth | -0.4% | -3.1% | 0.5% | 13.2% | 15.3% | -5.2% | -5.1% | 2.3% | 3.3% | -27.9% | -17.5% | 7.7% | -12.4% | 4.5% | 4.7% | 18.9% | -13.3% | 18.3% | 17.4% | 13.0% | 9.1% | 0.0% | 27.3% | 17.2% | 1.5% | 90.8% | 35.7% | 70.0% | 69.0% | 23.0% | 27.4% | 2.8% | 29.4% | 20.2% | 75.3% | - |
| Cost of Revenue | $10.02B | $9.96B | $10.16B | $10.07B | $8.43B | $6.97B | $7.84B | $8.16B | $8.04B | $7.9B | $8.6B | $13.14B | $12.64B | $14.42B | $13.12B | $12.68B | $10.59B | $12.36B | $10.18B | $8.13B | $7.38B | $6.6B | -$2M | $0 | $7.03B | $4.41B | $1.97B | $1.39B | $867M | $437M | $339M | $226M | $0 | $0 | $0 | $0 |
| Gross Profit | $2.21B | $2.32B | $2.52B | $2.55B | $2.71B | $2.69B | $2.36B | $2.58B | $2.45B | $2.33B | $2.8B | $3.07B | $3.24B | $3.71B | $4.22B | $3.89B | $3.35B | $3.71B | $3.41B | $3.44B | $2.87B | $2.79B | $2.79B | $7.38B | -$726M | $1.8B | $1.28B | $1.01B | $544M | $398M | $340M | $307M | $518.7M | $401M | $333.5M | $190.2M |
| Gross Margin | 18.1% | 18.9% | 19.8% | 20.2% | 24.3% | 27.9% | 23.2% | 24.0% | 23.3% | 22.9% | 19.8% | 17.9% | 20.4% | 20.5% | 24.3% | 23.5% | 24.0% | 23.1% | 25.1% | 29.8% | 28.0% | 29.7% | 29.7% | 100.0% | -11.5% | 29.0% | 39.4% | 42.0% | 38.6% | 47.7% | 50.1% | 57.6% | 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 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $241M | $288M | $255M | $207M | $166M | $165M | $196M | $192M | $215M | $194M | $196M | $187M | $220M | $301M | $391M | $392M | $345M | $371M | $379M | $301M | $221M | $181M | $181M | $112M | $120M | $82M | $71M | $56M | $45M | $35M | $32M | $32M | $0 | $0 | $0 | $0 |
| Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $7.27B | -$846M | $100M | $1.21B | $951M | $499M | $363M | $308M | $275M | $518.7M | $401M | $333.5M | $190.2M |
| Total Operating Expenses | $241M | $288M | $255M | $207M | $166M | $165M | $196M | $192M | $215M | $194M | $196M | $187M | $220M | $301M | $391M | $392M | $345M | $371M | $379M | $301M | $221M | $181M | $181M | $7.38B | -$726M | $182M | $1.28B | $1.01B | $544M | $398M | $340M | $307M | $518.7M | $401M | $333.5M | $190.2M |
| Operating Income (EBIT) | $1.97B | $2.03B | $2.26B | $2.34B | $2.55B | $2.53B | $2.17B | $2.39B | $2.24B | $2.13B | $2.6B | $2.88B | $3.02B | $3.41B | $3.83B | $3.5B | $3B | $3.34B | $3.03B | $3.14B | $2.65B | $2.61B | $2.61B | $1.2B | $1.75B | $1.61B | $925M | $754M | $361M | $835M | $253M | $232M | $518.7M | $401M | $333.5M | $190.2M |
| Operating Margin | 16.1% | 16.5% | 17.8% | 18.6% | 22.9% | 26.2% | 21.3% | 22.2% | 21.3% | 21.0% | 18.5% | 16.8% | 19.0% | 18.8% | 22.1% | 21.1% | 21.5% | 20.8% | 22.3% | 27.2% | 25.9% | 27.8% | 27.8% | 16.2% | 27.8% | 26.0% | 28.4% | 31.4% | 25.6% | 100.0% | 37.3% | 43.5% | 100.0% | 100.0% | 100.0% | 100.0% |
| Interest Expense | $1.42B | $1.52B | $1.3B | $1.06B | $826M | $978M | $1.02B | $1.01B | $1.09B | $1.03B | $1.23B | $1.33B | $1.34B | $1.42B | $1.46B | $1.41B | $1.39B | $1.84B | $1.79B | $1.77B | $1.83B | $1.92B | $1.92B | $0 | $0 | $1.3B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Interest Income | $287M | $381M | $551M | $389M | $298M | $268M | $318M | $310M | $244M | $245M | $460M | $365M | $275M | $349M | $400M | $411M | $348M | $540M | $500M | $434M | $381M | $283M | $283M | $0 | $0 | $245M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | -$1.95B | -$1.16B | -$2.19B | -$2.58B | -$3.63B | -$2.16B | -$1.34B | -$333M | -$1.39B | -$1.91B | -$1.35B | -$1.28B | -$1.95B | -$3.06B | -$1.66B | -$2.27B | -$565M | -$552M | -$1.42B | -$2.14B | -$1.49B | -$1.75B | -$1.75B | -$2.55B | -$1.03B | -$441M | -$569M | -$302M | -$117M | -$650M | -$89M | -$90M | -$518.7M | -$401M | -$333.5M | -$190.2M |
| Income Before Tax (EBT) | $20M | $868M | $72M | -$240M | -$1.09B | $365M | $829M | $2.06B | $842M | $223M | $1.26B | $1.59B | $1.07B | $348M | $2.18B | $1.23B | $2.44B | $2.78B | $1.61B | $1B | $1.16B | $859M | $859M | -$1.35B | $716M | $1.17B | $356M | $452M | $244M | $185M | $164M | $142M | $0 | $0 | $0 | $0 |
| Income Tax Expense | -$181M | $59M | $261M | $265M | -$133M | $216M | $352M | $708M | $990M | $32M | $412M | $371M | $343M | $685M | $656M | $593M | $599M | $771M | $679M | $359M | $473M | $380M | $211M | $293M | $310M | $368M | $111M | $145M | $56M | $60M | $57M | $44M | $0 | $0 | $0 | $0 |
| Net Income | $949M | $1.69B | $242M | -$546M | -$413M | $43M | $302M | $1B | -$550M | -$11M | $306M | $825M | $266M | -$928M | -$28M | -$55M | $808M | $1.23B | $566M | $283M | $553M | $209M | $209M | -$3.56B | $273M | $795M | $228M | $311M | $185M | $125M | $107M | $100M | $71.3M | $55.8M | $42.6M | $15.5M |
| Net Income Margin | 7.8% | 13.7% | 1.9% | -4.3% | -3.7% | 0.4% | 3.0% | 9.3% | -5.2% | -0.1% | 2.2% | 4.8% | 1.7% | -5.1% | -0.2% | -0.3% | 5.8% | 7.6% | 4.2% | 2.4% | 5.4% | 2.2% | 2.2% | -48.2% | 4.3% | 12.8% | 7.0% | 13.0% | 13.1% | 15.0% | 15.8% | 18.8% | 13.7% | 13.9% | 12.8% | 8.1% |
| Supplementary Data | ||||||||||||||||||||||||||||||||||||
| EPS | 1.26 | 2.38 | 0.37 | -0.82 | -0.61 | 0.07 | 0.46 | 1.82 | -1.76 | -1.72 | 0.45 | 1.07 | 0.15 | -1.21 | -0.04 | -0.07 | 0.99 | 1.84 | 0.85 | 0.37 | 0.84 | 0.47 | 0.36 | -7.50 | 0.36 | 1.76 | 0.60 | 0.88 | 0.56 | 0.42 | 0.71 | 0.66 | 0.25 | 0.21 | 0.17 | 0.07 |
| Diluted EPS | 1.26 | 2.36 | 0.35 | -0.82 | -0.61 | 0.07 | 0.45 | 1.81 | -1.76 | -1.72 | 0.44 | 1.06 | 0.15 | -1.21 | -0.04 | -0.07 | 0.98 | 1.82 | 0.83 | 0.37 | 0.83 | 0.46 | 0.36 | -7.50 | 0.36 | 1.69 | 0.58 | 0.85 | 0.55 | 0.40 | 0.71 | 0.66 | 0.25 | 0.21 | 0.17 | 0.07 |
| Weighted Average OS | 712.00M | 705.46M | 669.00M | 665.85M | 666.00M | 657.14M | 667.00M | 660.99M | 660.00M | 656.98M | 680.00M | 718.69M | 743.00M | 755.00M | 778.00M | 769.00M | 667.00M | 669.00M | 668.00M | 661.00M | 654.00M | 638.30M | 579.49M | 474.53M | 526.19M | 451.70M | 380.00M | 355.43M | 330.36M | 297.62M | 302.31M | 292.31M | 285.20M | 265.71M | 250.59M | 221.43M |
| EBITDA | $2.94B | $3.67B | $2.53B | $1.94B | $818M | $2.53B | $3.07B | $4.03B | $3.03B | $2.39B | $3.53B | $4.15B | $3.69B | $3.13B | $4.91B | $3.63B | $4.78B | $5.6B | $4.34B | $3.7B | $3.85B | $3.56B | $3.56B | $2.03B | $2.61B | $2.58B | $1.2B | $950M | $475M | $900M | $308M | $275M | $518.7M | $401M | $333.5M | $190.2M |
| EBITDA Margin | 24.0% | 29.9% | 20.0% | 15.4% | 7.3% | 26.2% | 30.1% | 37.5% | 28.9% | 23.5% | 25.0% | 24.2% | 23.2% | 17.3% | 28.3% | 21.9% | 34.3% | 34.8% | 32.0% | 32.0% | 37.6% | 37.9% | 37.9% | 27.6% | 41.4% | 41.6% | 37.0% | 39.6% | 33.7% | 107.8% | 45.4% | 51.6% | 100.0% | 100.0% | 100.0% | 100.0% |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Assets | ||||||||||||||||||||||||||||||||
| Current Assets | ||||||||||||||||||||||||||||||||
| Cash and Cash Equivalents | $2.07B | $1.52B | $1.43B | $1.37B | $943M | $1.09B | $1.03B | $1.17B | $949M | $1.3B | $1.26B | $1.54B | $1.64B | $1.97B | $1.7B | $2.55B | $1.81B | $903M | $2.06B | $2.12B | $1.81B | $1.41B | $1.74B | $780M | $922M | $881M | $669M | $491M | $302M | $185M | $239M | $255.2M |
| Short-Term Investments | $174M | $79M | $395M | $730M | $232M | $335M | $400M | $313M | $424M | $798M | $484M | $709M | $668M | $696M | $1.36B | $1.73B | $1.65B | $1.38B | $1.31B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $2.25B | $1.6B | $1.82B | $2.1B | $1.18B | $1.42B | $1.43B | $1.48B | $1.37B | $2.1B | $1.75B | $2.25B | $2.31B | $2.67B | $3.06B | $4.28B | $3.46B | $2.29B | $3.36B | $2.12B | $1.81B | $1.41B | $1.74B | $780M | $922M | $881M | $669M | $491M | $302M | $185M | $239M | $255.2M |
| Accounts Receivable | $1.75B | $1.65B | $1.42B | $1.8B | $1.42B | $1.3B | $1.48B | $1.59B | $1.46B | $1.56B | $2.47B | $2.71B | $2.36B | $3.01B | $3.12B | $2.39B | $2.18B | $2.26B | $2.33B | $1.86B | $1.62B | $1.58B | $1.21B | $1.26B | $1.6B | $1.5B | $936M | $383M | $346M | $104M | $65M | $43.6M |
| Inventory | $612M | $593M | $712M | $1.05B | $604M | $461M | $487M | $577M | $562M | $630M | $675M | $702M | $684M | $769M | $785M | $600M | $569M | $574M | $480M | $518M | $460M | $418M | $376M | $384M | $626M | $499M | $307M | $119M | $95M | $81M | $36M | $23.1M |
| Other Current Assets | $1.7B | $2.83B | $2.52B | $2.59B | $2.02B | $2.13B | $1.76B | $1.23B | $2.94B | $2.53B | $2.04B | $1.99B | $2.2B | $1.04B | $1.61B | $1.36B | $2.02B | $1.3B | $1.51B | $1.63B | $1.02B | $900M | $1.56B | $1.92B | $1.51B | $2.69B | $675M | $261M | $447M | $132M | $85M | $113.8M |
| Total Current Assets | $6.5B | $6.83B | $6.65B | $7.64B | $5.36B | $5.41B | $5.23B | $5.01B | $6.4B | $6.41B | $6.87B | $7.83B | $7.74B | $8.46B | $9.23B | $9.45B | $8.79B | $7.33B | $8.34B | $6.57B | $5.23B | $4.94B | $4.89B | $4.35B | $4.65B | $5.57B | $2.59B | $1.25B | $1.19B | $502M | $425M | $435.7M |
| Long-Term Assets | ||||||||||||||||||||||||||||||||
| Property, Plant & Equipment Net | $38.19B | $33.17B | $29.96B | $23.04B | $19.91B | $22.83B | $22.57B | $21.4B | $20.3B | $22.85B | $22.82B | $25.15B | $25.11B | $25.91B | $25.12B | $24.62B | $24.3B | $21.39B | $20.02B | $19.07B | $18.65B | $18.79B | $18.5B | $18.85B | $23.43B | $17.85B | $13.45B | $5.5B | $4.15B | $2.22B | $1.55B | $1.18B |
| Goodwill | $342M | $345M | $348M | $362M | $1.18B | $1.06B | $1.06B | $1.06B | $1.06B | $1.16B | $1.16B | $1.46B | $1.62B | $2B | $3.73B | $1.27B | $1.3B | $1.42B | $1.42B | $1.42B | $1.43B | $1.58B | $1.21B | $1.26B | $1.6B | $1.5B | $936M | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $2.04B | $1.95B | $2.24B | $1.84B | $1.45B | $827M | $469M | $436M | $366M | $359M | $214M | $281M | $297M | $429M | $566M | $516M | $510M | $500M | $505M | $305M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $346M | $0 | $0 | $0 |
| Long-Term Investments | $2.01B | $1.12B | $941M | $952M | $1.08B | $835M | $966M | $1.11B | $1.2B | $621M | $610M | $537M | $1.01B | $1.2B | $1.42B | $1.32B | $1.16B | $901M | $743M | $596M | $670M | $5.06B | $4.63B | $4.59B | $8.7B | $6.86B | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $397M | $365M | $396M | $319M | $409M | $288M | $156M | $97M | $130M | $781M | $543M | $662M | $666M | $996M | $715M | $646M | $604M | $567M | $647M | $213M | $267M | $20M | $26M | $42M | $12M | $2M | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $2.29B | $3.63B | $4.26B | $4.21B | $3.58B | $3.35B | $3.19B | $3.4B | $3.67B | $3.94B | $4.64B | $3.05B | $3.96B | $2.83B | $4.55B | $2.69B | $2.88B | $2.7B | $2.79B | $2.99B | $3.18B | -$450M | $479M | $4.57B | -$3.27B | -$1.55B | $4.05B | $4.02B | $3.55B | $900M | $345M | $296.1M |
| Total Long-Term Assets | $45.27B | $40.58B | $38.15B | $30.72B | $27.61B | $29.19B | $28.42B | $27.51B | $26.71B | $29.71B | $29.98B | $31.14B | $32.67B | $33.37B | $36.1B | $31.07B | $30.75B | $27.48B | $26.12B | $24.6B | $24.2B | $24.79B | $25.02B | $29.43B | $32.08B | $25.46B | $18.29B | $9.53B | $7.72B | $3.12B | $1.9B | $1.48B |
| 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 |
| Total Assets | $51.77B | $47.41B | $44.8B | $38.36B | $32.96B | $34.6B | $33.65B | $32.52B | $33.11B | $36.12B | $36.85B | $38.97B | $40.41B | $41.83B | $45.33B | $40.51B | $39.53B | $34.81B | $34.45B | $31.16B | $29.43B | $29.73B | $29.9B | $33.78B | $36.74B | $31.03B | $20.88B | $10.78B | $8.91B | $3.62B | $2.32B | $1.91B |
| Liabilities | ||||||||||||||||||||||||||||||||
| Current Liabilities | ||||||||||||||||||||||||||||||||
| Accounts Payable | $1.98B | $2.57B | $3.17B | $2.39B | $1.15B | $1.16B | $1.31B | $1.33B | $1.37B | $1.24B | $1.57B | $2.28B | $2.26B | $2.54B | $2.01B | $1.99B | $1.86B | $1.03B | $1.07B | $788M | $1.09B | $1.08B | $1.23B | $1.02B | $736M | $833M | $381M | $215M | $205M | $64M | $33M | $12.3M |
| Short-Term Debt | $3.15B | $3.59B | $4.13B | $1.76B | $1.37B | $1.43B | $1.87B | $1.66B | $2.16B | $1.05B | $2.17B | $2.13B | $2.18B | $2.5B | $2.43B | $3B | $1.93B | $1.07B | $1.36B | $1.4B | $1.65B | $1.76B | $2.85B | $3.3B | $2.54B | $2.47B | $1.22B | $1.41B | $596M | $198M | $134M | $60.8M |
| Current Income Tax Payable | $0 | $249M | $278M | $249M | $266M | $257M | $253M | $250M | $129M | $149M | $264M | $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 | $85M | $438M | $34M | $0 | $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 | $3.25B | $662M | $499M | $354M | $474M | $667M | $442M | $8M | $1.03B | $1.65B | $661M | $0 | $837M | $635M | $286M | $331M | $227M | $194M | $169M | $313M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Current Liabilities | $8.49B | $8.57B | $9.73B | $6.49B | $4.73B | $5.36B | $5.1B | $4.4B | $6.03B | $5.27B | $6.95B | $7B | $7.65B | $8.32B | $8.45B | $8.06B | $6.62B | $5.18B | $5.48B | $5.03B | $5.41B | $4.82B | $6.49B | $6.51B | $5.04B | $4.88B | $2.57B | $1.98B | $1.2B | $382M | $228M | $107.5M |
| Long-Term Liabilities | ||||||||||||||||||||||||||||||||
| Long-Term Debt | $26.07B | $25.43B | $22.75B | $21.74B | $17.33B | $18.45B | $18.3B | $17.64B | $17.8B | $18.4B | $17.91B | $18.73B | $18.87B | $18.22B | $19.59B | $15.79B | $17.61B | $16.62B | $16.63B | $14.63B | $15.32B | $16.83B | $16.79B | $16.8B | $18.7B | $16.32B | $10.82B | $5.24B | $4.58B | $2.01B | $1.22B | $1.14B |
| 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 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $1.58B | $1.49B | $1.25B | $1.14B | $977M | $1.1B | $1.21B | $1.28B | $1.01B | $804M | $1.09B | $1.28B | $1.12B | $1.24B | $1.33B | $895M | $1.09B | $1.13B | $1.2B | $790M | $721M | $685M | $1.05B | $981M | $1.9B | $1.63B | $1.79B | $268M | $273M | $243M | $149M | $73.3M |
| Other Long-Term Liabilities | $2.59B | $4.21B | $5.09B | $4.49B | $5.36B | $4.97B | $3.81B | $3.6B | $3.43B | $5.94B | $4.37B | $4.64B | $5.12B | $6.6B | $6.27B | $5.35B | $5.34B | $8.22B | $8B | $7.81B | -$16.1B | -$17.5B | -$17.61B | -$17.98B | -$20.4B | -$18.18B | -$12.61B | -$5.51B | -$4.86B | -$2.25B | -$1.39B | -$1.22B |
| Total Long-Term Liabilities | $31.35B | $31.13B | $29.08B | $27.37B | $23.66B | $24.52B | $23.32B | $22.52B | $22.24B | $25.15B | $23.37B | $24.64B | $25.11B | $26B | $27.18B | $22.03B | $24.03B | $25.95B | $25.81B | $23.25B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$3.36B | $0 | $0 | $20.43B | $21.78B | $21.71B | $27.79B | $24.82B | $21.02B | $14.53B | $5.73B | $5.15B | $2.31B | $1.41B | $1.22B |
| Total Liabilities | $39.84B | $39.7B | $38.81B | $33.86B | $28.4B | $29.88B | $28.42B | $26.92B | $28.27B | $30.42B | $30.3B | $31.64B | $32.76B | $34.32B | $35.62B | $30.1B | $30.66B | $27.78B | $31.29B | $28.3B | $25.71B | $26.66B | $28.21B | $34.29B | $29.74B | $26.05B | $17.09B | $7.71B | $6.35B | $2.69B | $1.63B | $1.33B |
| Stockholders' Equity | ||||||||||||||||||||||||||||||||
| Preferred Stock | $2.82B | $0 | $838M | $838M | $838M | $0 | $0 | $0 | $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 | $9M | $9M | $8M | $8M | $8M | $8M | $8M | $8M | $8M | $8M | $8M | $8M | $8M | $8M | $8M | $8M | $7M | $7M | $7M | $7M | $7M | $7M | $6M | $6M | $5M | $5M | $2M | $2M | $2M | $1M | $1M | $700K |
| Retained Earnings | $641M | $293M | -$1.39B | -$1.64B | -$1.09B | -$680M | -$692M | -$1B | -$2.28B | -$1.15B | $143M | $512M | -$150M | -$264M | $678M | $620M | $650M | -$8M | -$1.24B | -$1.02B | -$1.21B | -$813M | -$1.1B | -$700M | $2.81B | $1.76B | $1.12B | $892M | $581M | $396M | $271M | $164.3M |
| Comprehensive Income & Other | -$698M | -$766M | -$1.51B | -$1.64B | -$2.22B | -$2.4B | -$2.23B | -$2.07B | -$1.88B | -$2.76B | -$3.88B | -$3.29B | -$2.88B | -$2.92B | -$2.76B | -$2.38B | -$2.72B | -$3.02B | -$2.38B | -$2.6B | -$3.66B | -$3.89B | -$4B | -$4.96B | -$2.5B | -$1.68B | -$1.1B | -$343M | -$131M | -$33M | -$10M | -$4.4M |
| Other Stockholders' Equity | $6.24B | $3.34B | $3.87B | $4.06B | $3.88B | $3.31B | $3.68B | $4.21B | $4.73B | $3.93B | $3B | $3.75B | $4.47B | $4.83B | $5.34B | $5.84B | $4.02B | $3.67B | $4.4B | $4.05B | $2.86B | $2.45B | $1.74B | $353M | $2.73B | $3.04B | $1.51B | $900M | $898M | $324M | $277M | $236M |
| Total Equity | $6.89B | $3.64B | $2.49B | $2.44B | $2.8B | $2.63B | $3B | $3.21B | $2.46B | $2.79B | $3.15B | $4.27B | $4.33B | $4.57B | $6.02B | $6.47B | $4.67B | $3.67B | $3.16B | $3.04B | $1.65B | $1.65B | $645M | -$341M | $5.54B | $4.81B | $2.64B | $1.79B | $1.48B | $721M | $549M | $401M |
| Minority Interest | $5.04B | $4.06B | $3.5B | $2.07B | $1.77B | $2.09B | $2.23B | $2.4B | $2.38B | $2.91B | $3.02B | $3.05B | $3.32B | $2.94B | $3.78B | $3.94B | $4.21B | $0 | $0 | $3.1B | $1.61B | $1.6B | $805M | $818M | $1.53B | $1.38B | $1.15B | $1.28B | $1.07B | $213M | $158M | $184M |
| Total Liabilities and Equity | $46.73B | $43.35B | $41.3B | $36.3B | $31.19B | $32.52B | $31.41B | $30.13B | $30.73B | $33.22B | $33.45B | $35.91B | $37.09B | $38.88B | $41.64B | $36.57B | $35.33B | $31.45B | $34.45B | $31.33B | $27.36B | $28.31B | $28.86B | $33.95B | $35.28B | $30.86B | $19.73B | $9.5B | $7.83B | $3.41B | $2.18B | $1.73B |
| Supplementary Data | ||||||||||||||||||||||||||||||||
| Total Debt | $30.33B | $29.02B | $26.88B | $23.5B | $18.7B | $19.88B | $20.17B | $19.3B | $19.96B | $19.45B | $20.08B | $20.86B | $21.05B | $20.72B | $22.02B | $18.79B | $19.54B | $17.69B | $17.99B | $16.03B | $16.97B | $18.59B | $19.64B | $20.1B | $21.24B | $18.79B | $12.03B | $6.65B | $5.18B | $2.21B | $1.36B | $1.2B |
| Net Debt | $28.25B | $27.49B | $25.45B | $22.12B | $17.76B | $18.79B | $19.14B | $18.13B | $19.02B | $19.16B | $19.55B | $19.32B | $19.41B | $19.4B | $20.32B | $17.18B | $18.11B | $17.19B | $15.94B | $14.22B | $15.9B | $17.18B | $17.9B | $19.27B | $21.34B | $17.28B | $12.68B | $6.16B | $4.88B | $2.02B | $1.12B | $949.7M |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Operating Activities | ||||||||||||||||||||||||||||||||
| Net Income | $939M | $1.69B | $242M | -$546M | -$413M | $43M | $302M | $985M | -$507M | -$20M | $331M | $789M | $284M | -$915M | $458M | -$86M | $729M | $1.22B | $495M | $176M | $365M | $268M | $268M | -$3.51B | $273M | $795M | $245M | $311M | $188M | $125M | $107M | $98M |
| Depreciation & Amortization | $1.46B | $1.26B | $1.13B | $1.05B | $1.06B | $1.07B | $1.04B | $1B | $1.17B | $1.18B | $1.14B | $1.25B | $1.29B | $1.39B | $1.26B | $1.18B | $1.05B | $1B | $942M | $933M | $864M | $777M | $777M | $837M | $859M | $697M | $278M | $196M | $114M | $65M | $0 | $0 |
| Deferred Income Tax | $92M | $111M | -$54M | $4M | -$406M | -$233M | -$8M | $313M | $672M | -$793M | -$50M | $47M | -$158M | $162M | -$199M | -$418M | $15M | $160M | $210M | -$10M | $120M | $208M | $208M | -$315M | $47M | -$2M | -$195M | $67M | $20M | $26M | $48M | $39M |
| Stock-Based Compensation | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | ||||||||||||||||||||||||||||||||
| Accounts Receivable | $130M | -$361M | $161M | -$532M | -$170M | $48M | $73M | -$206M | -$177M | $237M | -$378M | -$520M | $146M | -$241M | -$236M | -$98M | $62M | -$451M | -$306M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $6M | $86M | $306M | -$417M | -$93M | -$20M | $28M | -$36M | -$28M | $42M | -$26M | -$48M | $16M | $24M | -$141M | $10M | -$34M | -$93M | -$26M | -$24M | -$73M | -$33M | -$2M | $129M | -$10M | -$84M | -$32M | $0 | $0 | $0 | $0 | $300K |
| Accounts Payable | $215M | -$40M | -$132M | $470M | -$251M | -$186M | -$6M | $62M | $163M | -$620M | $31M | -$85M | -$725M | $330M | $322M | $732M | -$437M | $260M | -$398M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | -$152M | $223M | -$25M | $190M | -$848M | $448M | -$134M | -$6M | -$24M | $893M | -$64M | -$369M | $252M | -$181M | $107M | $560M | -$625M | -$270M | $242M | $217M | $309M | -$23M | $542M | $37M | -$297M | -$290M | -$37M | $28M | -$91M | -$7M | -$17M | -$9.9M |
| Total Working Capital Change | $199M | -$92M | $310M | -$289M | -$1.36B | $290M | -$39M | -$186M | -$66M | $553M | -$437M | -$1.02B | -$344M | -$68M | $52M | $608M | -$597M | -$544M | -$412M | -$165M | $127M | -$184M | $439M | $294M | $405M | -$616M | -$211M | $10M | -$91M | -$7M | -$17M | -$9M |
| Other Non-Cash Items | $1.62B | -$217M | $1.41B | $2.49B | $3.03B | $1.59B | $1.17B | $228M | $1.22B | $1.97B | $1.15B | $732M | $1.37B | $2.33B | $1.31B | $2.18B | $1.01B | $328M | $1.12B | $1.41B | $744M | $485M | $485M | $4.22B | $214M | -$368M | $80M | -$56M | -$38M | -$27M | $59M | $36M |
| Net Cash from Operating | $4.31B | $2.75B | $3.03B | $2.71B | $1.9B | $2.75B | $2.47B | $2.34B | $2.49B | $2.88B | $2.13B | $1.79B | $2.71B | $2.9B | $2.88B | $3.51B | $2.21B | $2.17B | $2.36B | $2.41B | $2.17B | $1.57B | $1.64B | $1.51B | $1.69B | $459M | $197M | $528M | $193M | $182M | $197M | $163.5M |
| Investing Activities | ||||||||||||||||||||||||||||||||
| Capital Expenditures | -$5.93B | -$7.39B | -$7.72B | -$4.55B | -$2.12B | -$1.9B | -$2.4B | -$2.12B | -$2.18B | -$2.35B | -$2.31B | -$2.02B | -$1.99B | -$2.24B | -$2.43B | -$2.31B | -$2.52B | -$2.84B | -$2.42B | -$1.46B | -$826M | -$769M | -$769M | -$2.12B | -$3.17B | -$2.15B | -$834M | -$517M | -$511M | -$506M | -$158M | -$9.7M |
| Acquisitions | $2.38B | $1.65B | $1.63B | -$102M | -$507M | $327M | $3M | $2B | -$531M | -$55M | $247M | $1.12B | $225M | $665M | -$2.52B | $364M | $19M | $298M | $837M | $903M | -$37M | $43M | $43M | -$35M | -$1.36B | -$1.82B | -$5.71B | -$1.62B | -$2.45B | -$148M | -$121M | $0 |
| Purchases of Investments | -$204M | -$921M | -$1.11B | -$1.72B | -$946M | -$985M | -$1.09B | -$1.56B | -$3.4B | -$5.16B | -$4.8B | -$4.63B | -$4.45B | -$6.04B | -$6.01B | -$5.89B | -$4.4B | -$5.47B | -$3.03B | -$2.41B | -$1.34B | -$1.39B | -$1.39B | -$145M | -$782M | -$611M | -$98M | -$2M | -$184M | -$66M | -$218M | -$72M |
| Sales of Investments | $93M | $796M | $1.32B | $1.05B | $616M | $627M | $666M | $1.3B | $3.54B | $4.9B | $4.85B | $4.5B | $4.36B | $6.44B | $6.08B | $5.79B | $4.53B | $5.15B | $2.49B | $2.01B | $1.5B | $1.4B | $1.4B | $162M | $670M | $81M | $49M | $94M | $77M | $103M | $36M | $0 |
| Other Investing Activities | -$170M | -$360M | -$379M | -$368M | -$42M | -$70M | $126M | -$84M | -$88M | $545M | -$229M | $442M | $74M | $281M | -$101M | $12M | $461M | -$710M | $157M | $50M | $56M | -$31M | -$31M | $534M | $1.34B | -$1.07B | $208M | $206M | -$727M | -$518M | -$87M | -$38M |
| Net Cash from Investing | -$3.83B | -$6.23B | -$6.28B | -$5.7B | -$3B | -$2B | -$2.7B | -$462M | -$2.65B | -$2.11B | -$2.24B | -$581M | -$1.78B | -$892M | -$4.99B | -$2.04B | -$1.92B | -$3.57B | -$1.97B | -$907M | -$653M | -$743M | -$743M | -$1.62B | -$3.31B | -$5.74B | -$6.39B | -$1.84B | -$3.8B | -$1.14B | -$343M | -$119.9M |
| Financing Activities | ||||||||||||||||||||||||||||||||
| Debt Repaid | -$352M | -$4.65B | -$3.6B | -$3.43B | $37M | -$431M | -$712M | $828M | -$848M | $69M | -$528M | $50M | -$229M | $530M | -$2.81B | $902M | -$1.26B | -$702M | -$549M | $1.13B | $1.16B | $1.18B | $1.18B | - | - | - | - | - | - | - | - | - |
| Common Stock Issuance | $992M | $0 | $421M | $60M | $1.17B | $112M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.57B | $0 | $0 | $58M | $78M | $26M | $16M | $16M | $0 | $14M | $1.51B | $1.3B | $200M | $503M | $2M | $0 | $152.5M |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$79M | -$482M | -$308M | -$322M | -$301M | -$279M | -$99M | $0 | -$143M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$5M | $0 |
| Dividends Paid | -$501M | -$483M | -$444M | -$422M | -$401M | -$381M | -$362M | -$344M | -$317M | -$290M | -$276M | -$144M | -$119M | -$30M | $0 | $0 | -$846M | -$597M | $0 | $0 | $0 | $0 | $0 | $0 | -$15M | -$55M | $0 | $0 | $0 | $0 | $0 | -$700K |
| Other Financing Activities | -$1.02B | -$666M | -$454M | -$62M | $12M | -$534M | -$453M | -$514M | -$582M | -$309M | $132M | -$760M | -$924M | -$878M | -$1.12B | -$1.27B | -$648M | -$197M | -$363M | -$269M | -$202M | -$119M | -$119M | -$78M | -$223M | -$190M | -$131M | -$78M | $229M | $7M | $15M | $200K |
| Net Cash from Financing | -$403M | $3.49B | $3.49B | $3.62B | $741M | -$372M | -$103M | -$1.69B | -$51M | -$747M | -$98M | -$1.26B | -$1.14B | -$1.74B | $1.41B | -$706M | $610M | $362M | $244M | -$1.32B | -$1.34B | -$1.28B | -$1.28B | $172M | $1.63B | $5.49B | $6.37B | $1.5B | $3.72B | $899M | $130M | $80.2M |
| Forex Effect | $41M | $150M | -$365M | $26M | $213M | -$361M | $170M | $118M | -$81M | -$60M | -$66M | -$365M | -$283M | $257M | -$241M | $148M | -$322M | $96M | $43M | -$31M | $1.58B | $0 | $0 | -$81M | -$31M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $112M | $165M | -$114M | $663M | -$139M | $21M | -$171M | $313M | -$298M | -$31M | -$270M | -$417M | -$482M | $527M | -$934M | $912M | $584M | -$948M | $674M | $96M | $1.81B | $0 | $0 | -$22M | -$28M | $212M | $178M | $189M | $117M | -$54M | -$16M | $123.8M |
| Supplementary Data | ||||||||||||||||||||||||||||||||
| Operating Cash Flow | $4.31B | $2.75B | $3.03B | $2.71B | $1.9B | $2.75B | $2.47B | $2.34B | $2.49B | $2.88B | $2.13B | $1.79B | $2.71B | $2.9B | $2.88B | $3.51B | $2.21B | $2.17B | $2.36B | $2.41B | $2.17B | $1.57B | $1.64B | $1.51B | $1.69B | $459M | $197M | $528M | $193M | $182M | $197M | $163.5M |
| Capital Expenditure | -$5.93B | -$7.39B | -$7.72B | -$4.55B | -$2.12B | -$1.9B | -$2.4B | -$2.12B | -$2.18B | -$2.35B | -$2.31B | -$2.02B | -$1.99B | -$2.24B | -$2.43B | -$2.31B | -$2.52B | -$2.84B | -$2.42B | -$1.46B | -$1.14B | -$892M | -$1.23B | -$2.12B | -$3.17B | -$2.15B | -$834M | -$517M | -$511M | -$506M | -$158M | -$9.7M |
| Free Cash Flow | -$1.62B | -$4.64B | -$4.69B | -$1.84B | -$214M | $855M | $61M | $222M | $312M | $539M | -$174M | -$225M | $727M | $665M | $454M | $1.2B | -$307M | -$675M | -$68M | $951M | $1.02B | $680M | $414M | -$608M | -$1.48B | -$1.69B | -$637M | $11M | -$318M | -$324M | $39M | $153.8M |
| Cash at Beginning | $1.96B | $1.8B | $1.91B | $1.25B | $1.39B | $1.36B | $1.54B | $1.22B | $1.52B | $1.55B | $1.82B | $2.24B | $2.72B | $2.19B | $3.13B | $2.22B | $1.63B | $2.58B | $1.91B | $1.81B | $0 | $0 | $0 | $802M | $950M | $669M | $491M | $302M | $185M | $239M | $255M | $131.4M |
| Cash at End | $2.07B | $1.96B | $1.8B | $1.91B | $1.25B | $1.39B | $1.36B | $1.54B | $1.22B | $1.52B | $1.55B | $1.82B | $2.24B | $2.72B | $2.19B | $3.13B | $2.22B | $1.63B | $2.58B | $1.91B | $1.81B | $1.8B | $1.8B | $780M | $922M | $881M | $669M | $491M | $302M | $185M | $239M | $255.2M |