AMERICAN FINANCIAL GROUP INC (AFG)
American Financial Group, Inc. (AFG) operates as an insurance holding company, specializing in providing a broad array of property and casualty insurance solutions across the United States. Its comprehensive product portfolio encompasses various lines of business, including property and transportation coverage, which offers protection for physical damage and liability concerning vehicles like buses and trucks, along with inland and ocean marine policies, agricultural-related products, and other commercial property and niche transportation insurance types. The company's specialty casualty segment delivers products such as excess and surplus lines, executive and professional liability, general liability, and umbrella and excess liability policies. It also develops customized programs for small to mid-sized enterprises and provides workers' compensation coverage. Furthermore, AFG extends specialty financial insurance products, including risk management solutions tailored for lending and leasing institutions, fidelity and surety bonds, and trade credit insurance. Distribution of these property and casualty policies is primarily conducted through a network of independent insurance agents and brokers. Established in 1872, American Financial Group, Inc. maintains its corporate headquarters in Cincinnati, Ohio.
Sector: Fire, Marine & Casualty Insurance
Industry: Insurance - Property & Casualty
American Financial Group, Inc.
NYSE:AFGFinancial Services · Insurance - Property & Casualty
-0.02%$150.59
AH Close$150.59+0.00%vs close
AH Close$150.59+0.00%vs close
Mkt Cap$12.49B
Float66.78M
O/S82.92M
Inst Own69.8%
SI3.0%
Div Yield4.72%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$8.12B
Net Income$842M
Total Assets$32.64B
Free Cash Flow$1.4B
Debt & Equity
Debt 27%
Equity 73%
Total Debt$1.82B
Total Equity$4.82B
Shares Outstanding
Short Interest
Split History1 split
- 1.5:1Forward splitDec 18, 20061 share → 1.5
Balance Sheet Details
Assets$32.64B
Liabilities$27.82B
Accounts Receivable$8.38B
Accounts Payable$1.2B
Inventory$0
PP&E (Net)$0
Goodwill$327M
Intangible Assets$333M
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 | $8.12B | $8.28B | $7.73B | $6.77B | $6.23B | $5.67B | $6.12B | $6.99B | $6.87B | $6.5B | $6.14B | $5.73B | $5.1B | $4.96B | $4.64B | $4.5B | $4.32B | $4.29B | $4.38B | $4.25B | $3.98B | $3.87B | $3.32B | $3.71B | $3.92B | $3.82B | $3.36B | $4.06B | $4.03B | $4.12B | $3.63B | $1.77B | $1.76B | $1.84B | $1.71B | $2.15B | $1.73B | $1.55B | $1.42B | $2.39B |
| YoY Growth | -1.9% | 7.1% | 14.1% | 8.7% | 9.9% | -7.3% | -12.5% | 1.8% | 5.6% | 5.7% | 7.2% | 12.3% | 2.9% | 6.8% | 3.2% | 4.1% | 0.6% | -2.0% | 3.0% | 6.7% | 3.0% | 16.4% | -10.4% | -5.4% | 2.7% | 13.6% | -17.3% | 0.9% | -2.2% | 13.4% | 105.4% | 0.2% | -4.3% | 8.0% | -20.9% | 24.9% | 11.5% | 8.8% | -40.5% | - |
| Cost of Revenue | $6.69B | $6.8B | $6.37B | $5.58B | $4.86B | $5.37B | $5.49B | $6.06B | $5.63B | $5.28B | $5.17B | $4.75B | $4.02B | $4.02B | $3.71B | $3.33B | $2.17B | $2.55B | $2.32B | $2.88B | $3.1B | $1.16B | $1.08B | $1.93B | $1.25B | $2.7B | $2.25B | $2.99B | $1.18B | $1.16B | $962M | $401.3M | $394M | $229.7M | $0 | $0 | $0 | $0 | $0 | $0 |
| Gross Profit | $1.43B | $1.47B | $1.35B | $1.2B | $1.37B | $301M | $628M | $933M | $1.23B | $1.22B | $976M | $980M | $1.09B | $938M | $928M | $1.17B | $2.15B | $1.74B | $2.05B | $1.37B | $888.9M | $2.71B | $2.24B | $1.78B | $2.67B | $1.12B | $1.11B | $1.07B | $2.85B | $2.96B | $2.67B | $1.37B | $1.37B | $1.61B | $1.71B | $2.15B | $1.73B | $1.55B | $1.42B | $2.39B |
| Gross Margin | 17.6% | 17.8% | 17.5% | 17.7% | 22.0% | 5.3% | 10.3% | 13.3% | 17.9% | 18.7% | 15.9% | 17.1% | 21.3% | 18.9% | 20.0% | 26.0% | 49.8% | 40.5% | 46.9% | 32.2% | 22.3% | 70.0% | 67.5% | 48.0% | 68.1% | 29.3% | 32.9% | 26.5% | 70.7% | 71.9% | 73.5% | 77.3% | 77.7% | 87.5% | 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 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $404M | $1.27B | $395M | $1.27B | $1.35B | $1.34B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $85.8M | $90.2M | $87M | $157M | $155.7M |
| Other | $357M | $349M | $282M | $73M | $37M | -$38M | -$6M | $294M | $507M | $430M | $411M | $354M | $397M | -$3M | -$899M | $78M | $67M | $70M | $71.3M | $675M | $561.8M | $2.12B | $1.95B | $1.61B | $2.58B | $1.01B | $804.37M | $801.22M | $52.3M | $76.1M | $122.6M | $53.2M | $62.8M | $69.6M | $65.8M | $117.5M | $80.8M | $42M | $64.4M | $161.8M |
| Total Operating Expenses | $357M | $349M | $282M | $73M | $37M | -$38M | -$6M | $294M | $507M | $430M | $411M | $354M | $397M | $401M | $370M | $473M | $1.34B | $1.42B | $1.42B | $675M | $561.8M | $2.12B | $1.95B | $1.61B | $2.58B | $1.01B | $804.37M | $801.22M | $52.3M | $76.1M | $122.6M | $53.2M | $62.8M | $69.6M | $65.8M | $203.3M | $171M | $129M | $221.4M | $317.5M |
| Operating Income (EBIT) | $1.07B | $1.12B | $1.07B | $1.12B | $1.33B | $339M | $634M | $639M | $724M | $787M | $565M | $626M | $689M | $537M | $558M | $694M | $812M | $315.9M | $638.9M | $694.4M | $327.1M | $585M | $296M | $171M | $86M | $110M | $302.06M | $273.75M | $2.79B | $2.88B | $2.54B | $1.31B | $1.31B | $1.54B | $1.64B | $1.95B | $1.55B | $1.42B | $1.2B | $2.07B |
| Operating Margin | 13.2% | 13.6% | 13.9% | 16.6% | 21.4% | 6.0% | 10.4% | 9.1% | 10.5% | 12.1% | 9.2% | 10.9% | 13.5% | 10.8% | 12.0% | 15.4% | 18.8% | 7.4% | 14.6% | 16.3% | 8.2% | 15.1% | 8.9% | 4.6% | 2.2% | 2.9% | 9.0% | 6.7% | 69.4% | 70.0% | 70.1% | 74.3% | 74.1% | 83.8% | 96.1% | 90.6% | 90.1% | 91.7% | 84.4% | 86.7% |
| Interest Expense | $80M | $76M | $76M | $85M | $94M | $88M | $68M | $62M | $85M | $77M | $75M | $74M | $71M | $75M | $74M | $78M | $67M | $70M | $71.3M | $72.5M | $79.5M | $81.1M | $57.32M | $60.41M | $60.74M | $67.64M | $63.67M | $57.68M | $52.3M | $76.1M | $122.6M | $53.2M | $62.8M | $69.6M | $65.8M | $52M | $27.9M | $6.3M | $14.8M | $36.6M |
| Interest Income | $33M | $29M | $34M | $39M | $30M | $35M | $51M | $79M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $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 Income (Expense) | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$2.46B | -$2.53B | -$2.3B | -$1.27B | -$1.12B | -$1.44B | -$1.53B | -$1.81B | -$1.32B | -$1.27B | -$1.14B | -$1.78B |
| Income Before Tax (EBT) | $1.07B | $1.12B | $1.07B | $1.12B | $1.33B | $339M | $634M | $639M | $724M | $787M | $565M | $626M | $689M | $537M | $558M | $694M | $812M | $315.9M | $638.9M | $694.4M | $327.1M | $585M | $296M | $171M | $86M | $110M | $302.06M | $273.75M | $330.2M | $353.3M | $246.9M | $41.2M | $190.1M | $103M | $105.3M | $145M | $232.4M | $144.7M | $55.2M | $288.4M |
| Income Tax Expense | $231M | $237M | $221M | $225M | $254M | $25M | $143M | $122M | $247M | $119M | $195M | $220M | $236M | $135M | $239M | $268M | $282M | $115.9M | $225.8M | $234.6M | $105.6M | $184.5M | -$47.45M | $17.88M | $10.08M | $29.04M | $98.2M | $94.07M | $130.7M | $91.3M | $56.5M | $40.4M | -$52.6M | $40.9M | $41.9M | $47.2M | $58.3M | $50.6M | $20.4M | $134.2M |
| Net Income | $842M | $887M | $852M | $898M | $2B | $732M | $897M | $530M | $475M | $649M | $352M | $452M | $471M | $488M | $342M | $482M | $519M | $195.8M | $383.2M | $453.4M | $206.6M | $360M | $294M | $85M | -$15M | -$56M | $141.44M | $124.4M | $192.3M | $233.3M | $191.2M | $300K | $232M | $305.4M | $2.6M | $97.8M | $174.1M | $103.4M | $36.2M | $154.2M |
| Net Income Margin | 10.4% | 10.7% | 11.0% | 13.3% | 32.0% | 12.9% | 14.7% | 7.6% | 6.9% | 10.0% | 5.7% | 7.9% | 9.2% | 9.8% | 7.4% | 10.7% | 12.0% | 4.6% | 8.8% | 10.7% | 5.2% | 9.3% | 8.8% | 2.3% | -0.4% | -1.5% | 4.2% | 3.1% | 4.8% | 5.7% | 5.3% | 0.0% | 13.2% | 16.6% | 0.2% | 4.5% | 10.1% | 6.7% | 2.5% | 6.5% |
| Supplementary Data | ||||||||||||||||||||||||||||||||||||||||
| EPS | 10.08 | 10.57 | 10.06 | 10.55 | 23.49 | 8.25 | 9.98 | 5.96 | 5.38 | 7.47 | 4.02 | 5.15 | 5.29 | 5.48 | 3.51 | 4.41 | 4.58 | 1.71 | 3.25 | 3.84 | 1.78 | 3.26 | 2.76 | 0.82 | -0.15 | -0.63 | 1.58 | 1.35 | 0.43 | 2.56 | 2.59 | 0.00 | 4.57 | 4.32 | 0.02 | 1.07 | 1.65 | 0.97 | 0.31 | 1.29 |
| Diluted EPS | 10.08 | 10.57 | 10.05 | 10.53 | 23.30 | 8.21 | 9.86 | 5.85 | 5.28 | 7.33 | 3.94 | 4.97 | 5.16 | 5.09 | 3.33 | 4.36 | 4.45 | 1.67 | 3.10 | 3.75 | 1.75 | 3.21 | 2.75 | 0.82 | -0.15 | -0.63 | 1.57 | 1.33 | 0.43 | 2.53 | 2.57 | 0.00 | 4.57 | 4.32 | 0.02 | 1.07 | 1.65 | 0.97 | 0.31 | 1.29 |
| Weighted Average OS | 83.50M | 83.90M | 84.70M | 85.10M | 85.10M | 88.70M | 89.90M | 89.00M | 88.28M | 86.90M | 87.47M | 87.71M | 88.98M | 88.98M | 97.85M | 109.20M | 115.80M | 114.40M | 117.70M | 118.00M | 115.80M | 110.43M | 106.52M | 103.66M | 102.27M | 88.42M | 89.60M | 91.83M | 90.19M | 91.09M | 71.45M | 72.96M | 50.78M | 70.66M | 73.58M | 91.64M | 105.25M | 106.18M | 117.98M | 119.78M |
| EBITDA | $1.24B | $1.28B | $1.23B | $1.31B | $1.62B | $726M | $961M | $911M | $916M | $998M | $772M | $844M | $902M | $869M | $812M | $986M | $1.08B | $606.4M | $904.5M | $933.9M | $619.6M | $840.3M | $530.18M | $413.42M | $294.33M | $294.92M | $460.72M | $437.47M | $128.7M | $155.5M | $170.4M | $80.7M | $95.6M | $110.3M | $107.6M | $117.5M | $80.8M | $42M | $64.4M | $161.8M |
| EBITDA Margin | 15.3% | 15.5% | 15.9% | 19.3% | 25.9% | 12.8% | 15.7% | 13.0% | 13.3% | 15.4% | 12.6% | 14.7% | 17.7% | 17.5% | 17.5% | 21.9% | 24.9% | 14.1% | 20.7% | 22.0% | 15.6% | 21.7% | 16.0% | 11.1% | 7.5% | 7.7% | 13.7% | 10.8% | 3.2% | 3.8% | 4.7% | 4.6% | 5.4% | 6.0% | 6.3% | 5.5% | 4.7% | 2.7% | 4.5% | 6.8% |
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 | $1.73B | $1.41B | $1.23B | $872M | $2.13B | $1.67B | $2.31B | $1.51B | $2.34B | $2.11B | $1.22B | $1.34B | $1.64B | $1.71B | $1.32B | $1.1B | $1.12B | $1.26B | $815.9M | $1.33B | $471.85M | $861.74M | $594M | $871M | $544M | $439M | $391M | $297M | $257M | $448M | $544M | $37M | $32M | $38M | $15M | $34.6M | $16.1M | $757.9M | $1.07B | $1.08B |
| Short-Term Investments | $717M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $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 | $2.44B | $1.41B | $1.23B | $872M | $2.13B | $1.67B | $2.31B | $1.51B | $2.34B | $2.11B | $1.22B | $1.34B | $1.64B | $1.71B | $1.32B | $1.1B | $1.12B | $1.26B | $815.9M | $1.33B | $471.85M | $861.74M | $594M | $871M | $544M | $439M | $391M | $297M | $257M | $448M | $544M | $37M | $32M | $38M | $15M | $34.6M | $16.1M | $757.9M | $1.07B | $1.08B |
| Accounts Receivable | $8.38B | $1.53B | $1.47B | $1.34B | $1.26B | $1.23B | $1.33B | $1.23B | $1.15B | $997M | $937M | $889M | $739M | $636M | $565M | $535M | $4.45B | $4.93B | $4.22B | $4.22B | $574.9M | $518.46M | $502.46M | $1.02B | $920.43M | $940.95M | $880.68M | $925.02M | $934.34M | $609.4M | $703.3M | $343.8M | $289.9M | $330.9M | $332.9M | $514.8M | $372.8M | $241.2M | $319.2M | $296.1M |
| 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 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$148.76B | -$148.5B | -$149.55B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $3.23B | $2.63B | $2.48B | $2.06B | $2.12B | $1.02B | $640.2M | $788.2M |
| Total Current Assets | $11.91B | $2.94B | $2.7B | $2.21B | $3.4B | $2.89B | $3.65B | $2.75B | $3.48B | $3.1B | $2.16B | $2.23B | $2.38B | $2.34B | $1.89B | $1.63B | $5.57B | $6.2B | $5.04B | $5.55B | -$144.07B | -$143.32B | -$148.13B | $1.89B | $1.46B | $1.38B | $1.27B | $1.22B | $1.19B | $1.06B | $1.25B | $380.8M | $3.55B | $3B | $2.82B | $2.61B | $2.51B | $2.02B | $2.03B | $2.16B |
| Long-Term Assets | ||||||||||||||||||||||||||||||||||||||||
| Property, Plant & Equipment Net | $0 | $212M | $176M | $103M | $118M | $139M | $158M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $95.2M | $135.8M | $149.8M | $412M | $335.6M | $301.5M | $345.1M | $571.4M |
| Goodwill | $327M | $305M | $305M | $246M | $246M | $176M | $207M | $207M | $199M | $199M | $199M | $201M | $185M | $185M | $186M | $186M | $207.6M | $210.2M | $204.4M | $167.8M | $166.88M | $165.88M | $168.33M | $248.68M | $312.82M | $318.92M | $332.07M | $281.77M | $299.41M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $333M | $203M | $213M | $108M | $106M | $34M | $43M | $54M | $26M | $34M | $41M | $49M | $22M | $28M | $41M | $49M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $278.6M | $314.1M | $394.5M | $406.8M | $396.6M | $408.9M | $529.1M | $333.1M | $80.8M | $116.4M | $198.2M |
| Long-Term Investments | $14.74B | $14.45B | $14.04B | $13.64B | $13.61B | $11.83B | $53.57B | $47.54B | $44.35B | $39.93B | $37.12B | $35.53B | $30.34B | $27.32B | $24.8B | $22.19B | $19.22B | $16.02B | $17.93B | $17.11B | $15.16B | $14.24B | $12.75B | $12.31B | $11.06B | $10.55B | $10.27B | $10.75B | $7.98B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $463M | $403M | $383M | $383M | $386M | $1.01B | $872M | $853M | $1.05B | $886M | $877M | $705M | $651M | $573M | $595M | $615.9M | $1.02B | $560.6M | $510.2M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $5.33B | $6.44B | $6.79B | $7.4B | $7.02B | $54.43B | $8.24B | $8.58B | $8.48B | $8.14B | $6.97B | $5.82B | $5.6B | $5.07B | $5.57B | $5.01B | $2.62B | $3.41B | $2.07B | $1.76B | $151.56B | $151.48B | $155.41B | -$12.56B | -$11.38B | -$10.87B | -$10.6B | -$11.04B | -$8.28B | -$278.6M | -$314.1M | -$394.5M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Long-Term Assets | $20.73B | $22.07B | $21.92B | $21.88B | $21.49B | $67B | $63.22B | $57.26B | $53.91B | $49.35B | $45.22B | $42.47B | $36.85B | $33.26B | $31.17B | $28.03B | $22.66B | $20.66B | $20.77B | $19.55B | $166.88B | $165.88B | $168.33B | $12.56B | $11.38B | $10.87B | $10.6B | $11.04B | $8.28B | $278.6M | $314.1M | $394.5M | $502M | $532.4M | $558.7M | $941.1M | $668.7M | $382.3M | $461.5M | $769.6M |
| 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 | $5.06B | $4.56B | $4.17B | $4.18B | $3.59B | $6.29B | $13.72B | $13.39B | $3.42B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $32.64B | $25.01B | $24.62B | $24.09B | $24.89B | $69.89B | $66.87B | $60B | $57.4B | $52.45B | $47.38B | $44.7B | $39.23B | $35.6B | $33.06B | $29.66B | $28.23B | $26.86B | $25.81B | $25.1B | $22.82B | $22.56B | $20.2B | $19.5B | $17.4B | $16.42B | $16.05B | $15.85B | $15.76B | $15.05B | $14.95B | $4.19B | $4.05B | $3.53B | $3.38B | $3.55B | $3.18B | $2.4B | $2.49B | $2.93B |
| Liabilities | ||||||||||||||||||||||||||||||||||||||||
| Current Liabilities | ||||||||||||||||||||||||||||||||||||||||
| Accounts Payable | $1.2B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $403.1M | $350.2M | $0 | $0 | $0 |
| Short-Term Debt | $0 | $40M | $37M | $36M | $38M | $0 | $46M | $0 | $0 | $0 | $0 | $14M | $2M | $1M | $0 | $0 | $12.3M | $137.2M | $218.9M | $60.8M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $6.3M | $8.7M | $10.4M | $21.4M |
| 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 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $3.74B | $2.57B | $2.49B | $2.33B | $2.21B | $2.04B | $2.15B | $1.99B | $1.81B | $1.63B | $1.58B | $1.49B | $1.35B | $1.18B | $1.07B | $1.11B | $1.57B | $1.7B | $1.67B | $1.65B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $19B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $6.11B | $5.27B | -$1.62B | $15.33B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$403.1M | -$356.5M | -$8.7M | -$10.4M | -$21.4M |
| Total Current Liabilities | $23.93B | $2.61B | $2.53B | $2.37B | $2.25B | $2.04B | $2.2B | $1.99B | $1.81B | $1.63B | $1.58B | $1.5B | $1.35B | $1.18B | $1.07B | $1.11B | $1.58B | $1.84B | $1.89B | $1.71B | $19.36B | $19.1B | $17.28B | $16.83B | $15.02B | $14.09B | $13.98B | $13.54B | $13.51B | $12.98B | $12.63B | $0 | $2.33B | $0 | $1.9B | $403.1M | $1.35B | $630M | $789M | $695M |
| Long-Term Liabilities | ||||||||||||||||||||||||||||||||||||||||
| Long-Term Debt | $1.82B | $1.67B | $1.64B | $1.58B | $2.06B | $2.12B | $1.61B | $1.3B | $1.3B | $1.28B | $998M | $1.05B | $911M | $952M | $934M | $952M | $815.3M | $892.5M | $718M | $860.2M | $1B | $1.11B | $1.1B | $945.18M | $879M | $779.96M | $732.66M | $592.43M | $580.7M | $517.9M | $882.1M | $507.3M | $523.2M | $656.1M | $670.8M | $525.4M | $372.5M | $159.7M | $188.9M | $86.7M |
| 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 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $359M | $267M | $153M | $307M | $238M | $834M | $507M | $706M | $659M | $657M | $902M | $737M | $902M | $706M | $711M | $542.5M | $430.1M | $378.4M | $385.1M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $29.7M | $29.7M | $29.7M | $32.6M | $34.8M |
| Other Long-Term Liabilities | $2.07B | $15.71B | $15.77B | $15.86B | $15.16B | $58.55B | $55.83B | $51.24B | $48.24B | $43.96B | $39.37B | $36.2B | $31.46B | $27.82B | $25.79B | $22.27B | $21.37B | $21.1B | $19.68B | $18.93B | $11.77B | $11.75B | -$1.1B | -$945.18M | -$879M | -$779.96M | -$732.66M | -$592.43M | -$580.7M | -$517.9M | -$882.1M | -$507.3M | -$523.2M | -$656.1M | -$670.8M | -$555.1M | -$402.2M | -$189.4M | -$221.5M | -$121.5M |
| Total Long-Term Liabilities | $3.89B | $17.93B | $17.83B | $17.67B | $17.63B | $61.07B | $58.4B | $53.05B | $50.25B | $45.9B | $41.03B | $38.15B | $33.11B | $29.67B | $27.43B | $23.93B | $22.73B | $22.42B | $20.77B | $20.17B | $1B | $1.03B | $837M | $945M | $880M | $780M | $733M | $592M | $581M | $518M | $882M | $507.3M | $523.2M | $656.1M | $670.8M | $555.1M | $402.2M | $189.4M | $221.5M | $121.5M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$260.66M | -$219.61M | -$187.46M | -$471.05M | -$454.43M | -$508.02M | -$489.17M | -$521.75M | -$513.36M | -$494.7M | -$314.6M | $2.13B | -$538M | $1.36B | -$688.7M | $927.2M | -$419.3M | -$189M | -$174.5M | $23.8M |
| Total Liabilities | $27.82B | $20.54B | $20.36B | $20.04B | $19.87B | $63.1B | $60.6B | $55.03B | $52.06B | $47.54B | $42.61B | $39.65B | $34.46B | $30.85B | $28.5B | $25.04B | $24.31B | $24.26B | $22.66B | $21.89B | $20.1B | $19.91B | $17.93B | $17.31B | $15.45B | $14.36B | $14.22B | $13.61B | $13.58B | $13B | $13.2B | $2.64B | $2.31B | $2.01B | $1.89B | $1.89B | $1.33B | $630.4M | $836M | $840.3M |
| 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 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $83M | $84M | $84M | $85M | $85M | $86M | $90M | $89M | $88M | $87M | $87M | $88M | $90M | $89M | $98M | $105M | $113.4M | $115.6M | $113.5M | $119.3M | $78.07M | $76.63M | $73.06M | $69.13M | $68.49M | $67.41M | $58.42M | $60.93M | $61.05M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Retained Earnings | $3.36B | $3.21B | $3.12B | $3.14B | $3.48B | $4.15B | $4.01B | $3.59B | $3.25B | $3.34B | $2.99B | $2.91B | $2.78B | $2.52B | $2.44B | $2.52B | $2.27B | $1.84B | $1.73B | $1.53B | $1.13B | $976.34M | $664.72M | $409.78M | $359.51M | $442.45M | $557.54M | $527.03M | $477.07M | $559.7M | $387.1M | $867.5M | $912.3M | $707M | $705.1M | $736.3M | $669.3M | $524.4M | $428.2M | $737M |
| Comprehensive Income & Other | -$50M | -$240M | -$319M | -$543M | $119M | $1.27B | $863M | $48M | $813M | $375M | $304M | $725M | $609M | $906M | $753M | $676M | $162.7M | -$703M | $12.6M | $55.5M | $50.8M | $231.7M | $302.6M | $323.9M | $159.3M | $140.6M | -$18.2M | $357.5M | $348.9M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Stockholders' Equity | $1.38B | $1.17B | $1.05B | $825M | $1.45B | $2.55B | $2.17B | $1.29B | $1.99B | $1.49B | $1.52B | $1.88B | $1.73B | $1.97B | $1.87B | $1.84B | $1.39B | $532.8M | $1.2B | $1.28B | $1.25B | $1.38B | $1.34B | $1.25B | $1.07B | $1.04B | $724.02M | $1.13B | $1.12B | $994.7M | $1.05B | $681.2M | $810M | $795.8M | $773.9M | $897.9M | $1.16B | $1.25B | $1.23B | $1.36B |
| Total Equity | $4.82B | $4.47B | $4.26B | $4.05B | $5.01B | $6.79B | $6.27B | $4.97B | $5.33B | $4.92B | $4.59B | $4.88B | $4.6B | $4.58B | $4.41B | $4.47B | $3.78B | $2.49B | $3.05B | $2.93B | $2.46B | $2.43B | $2.08B | $1.73B | $1.5B | $1.55B | $1.34B | $1.72B | $1.66B | $1.55B | $1.44B | $1.55B | $1.72B | $1.5B | $1.48B | $1.63B | $1.83B | $1.77B | $1.66B | $2.09B |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2M | $4M | $3M | $178M | $175M | $170M | $170M | $146M | $150M | $137.8M | $111.6M | $99.9M | $283.9M | $261.11M | $219.59M | $187.56M | $471.02M | $454.73M | $508.03M | $489.27M | $521.78M | $513M | $494.4M | $314.4M | $6.2M | $15.1M | $16.6M | $18M | $27.3M | $17.5M | $0 | $0 | $0 |
| Total Liabilities and Equity | $32.64B | $25.01B | $24.62B | $24.09B | $24.89B | $69.89B | $66.87B | $60B | $57.39B | $52.45B | $47.2B | $44.53B | $39.06B | $35.43B | $32.91B | $29.51B | $28.09B | $26.75B | $25.71B | $24.82B | $22.55B | $22.34B | $20.01B | $19.03B | $16.95B | $15.91B | $15.56B | $15.32B | $15.24B | $14.56B | $14.64B | $4.19B | $4.03B | $3.51B | $3.37B | $3.52B | $3.16B | $2.4B | $2.49B | $2.93B |
| Supplementary Data | ||||||||||||||||||||||||||||||||||||||||
| Total Debt | $1.82B | $1.9B | $1.83B | $1.69B | $2.2B | $2.28B | $1.79B | $1.3B | $1.3B | $1.28B | $998M | $1.06B | $913M | $953M | $934M | $952M | $827.6M | $1.03B | $936.9M | $921M | $942.74M | $371.37M | $836.86M | $945.18M | $879.71M | $779.96M | $732.66M | $592.43M | $580.75M | $517.9M | $882.1M | $507.3M | $523.2M | $656.1M | $670.8M | $525.4M | $378.8M | $168.4M | $199.3M | $108.1M |
| Net Debt | $93M | $493M | $609M | $820M | $67M | $616M | -$527M | -$213M | -$1.04B | -$824M | -$222M | -$282M | -$726M | -$752M | -$390M | -$147M | -$291.9M | -$234.3M | $121M | -$408M | $470.89M | -$490.37M | $242.86M | $74.18M | $335.71M | $340.96M | $341.66M | $295.43M | $323.75M | $69.9M | $338.1M | $470.3M | $491.2M | $618.1M | $655.8M | $490.8M | $362.7M | -$589.5M | -$872.7M | -$970.5M |
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 | 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 |
| Operating Activities | ||||||||||||||||||||||||||||||||||||||||
| Net Income | $842M | $887M | $852M | $898M | $2B | $721M | $869M | $530M | $477M | $649M | $352M | $452M | $471M | $488M | $320M | $423M | $530.7M | $195.8M | $383.2M | $453.4M | $206.58M | $359.86M | $293.81M | $84.64M | -$14.84M | -$46.96M | $147M | $125.2M | $199.5M | $262M | $190.4M | $800K | $242.7M | $62.1M | $63.4M | $97.8M | $174.1M | $103.4M | $36.2M | $154.2M |
| Depreciation & Amortization | $86M | $81M | $78M | $100M | $187M | $299M | $259M | $210M | $107M | $134M | $132M | $144M | $142M | $257M | $180M | $214M | $198M | $220.5M | $194.3M | $167M | $213M | $174.2M | $176.86M | $174.99M | $147.59M | $117.39M | $94.98M | $106.04M | $76.4M | $79.4M | $47.8M | $27.5M | $32.8M | $40.7M | $41.8M | $65.5M | $52.9M | $35.7M | $49.6M | $125.2M |
| Deferred Income Tax | $0 | $0 | $0 | -$19M | -$16M | -$20M | -$23M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $36.3M | -$57.9M | $34.9M | $31.2M | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $0 | $0 | $0 | $19M | $16M | $20M | $23M | $23M | $30M | $28M | $27M | $25M | $36M | $0 | $0 | $0 | $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 | -$628M | -$769M | -$794M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$10M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$202.3M | -$9.6M | $210.33M | $399.61M | -$601.21M | -$638.8M | -$351.6M | $172.52M | -$54.2M | -$340.7M | -$6.1M | $119.9M | $11.7M | -$60.2M | -$90.2M | -$28.5M | -$17M | -$22.1M | -$39.8M | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$3.96B | -$3.88B | $163.07B | $162.1B | $165.52B | $16.21B | $15.42B | $14.15B | $13.82B | $13.79B | $13.31B | $12.89B | $12.4B | $0 | -$1.3B | -$3.04B | -$863.5M | -$2.55B | -$1.09B | $0 | $0 | $0 |
| Accounts Payable | $3M | $5M | $151M | $115M | $113M | $13M | $62M | $9M | $109M | $43M | -$54M | $134M | $51M | $0 | $155M | $0 | $0 | $0 | $172M | $271.1M | $200.16M | $243.6M | $767.89M | $958.41M | $705.46M | -$4.79M | -$50.6M | $597.9M | -$28M | -$212.7M | -$247.9M | $220.9M | $12.7M | -$16M | $73.9M | -$33.1M | -$7.7M | $0 | $0 | $0 |
| Other Working Capital | $1.24B | $1B | $1.68B | $71M | $692M | $371M | $724M | $318M | $413M | -$263M | $260M | $240M | $9M | $179M | -$161M | $2M | -$155.1M | -$353.7M | $3.78B | $3.68B | -$163.42B | -$162.42B | -$165.42B | -$16.83B | -$15.02B | -$14.09B | -$13.98B | -$13.54B | -$13.51B | -$12.98B | -$12.63B | $160.7M | $1.22B | $3B | $920.4M | $2.61B | $1.16B | $145.6M | -$225.5M | $1.01B |
| Total Working Capital Change | $617M | $238M | $1.03B | $186M | $805M | $384M | $786M | $327M | $522M | -$220M | $196M | $374M | $60M | $179M | -$6M | $2M | -$155.1M | -$353.7M | -$214.4M | $60.2M | $55.6M | $323.06M | $270.63M | -$308.1M | $749.83M | $233.37M | -$267.96M | $505.92M | -$233.79M | -$185.6M | -$472.4M | $321.4M | -$155M | -$89M | $113.8M | -$2.3M | $21.6M | $145.6M | -$225.5M | $1.01B |
| Other Non-Cash Items | -$12M | -$54M | $7M | -$31M | -$1.27B | $779M | $542M | $993M | $668M | $559M | $650M | $236M | $51M | -$107M | $173M | $225M | $340.8M | $910.3M | $425.4M | $287M | $547.17M | $150.55M | $8.2M | $857.04M | -$160.66M | $137.67M | $404.2M | -$351.71M | $383.89M | $217.2M | $546.8M | -$78.4M | $241.5M | $192.1M | -$46M | $53.9M | -$52.7M | -$199.6M | $233.6M | -$982M |
| Net Cash from Operating | $1.53B | $1.15B | $1.97B | $1.15B | $1.71B | $2.18B | $2.46B | $2.08B | $1.8B | $1.15B | $1.36B | $1.23B | $760M | $817M | $667M | $864M | $914.4M | $972.9M | $788.5M | $967.6M | $1.02B | $1.01B | $749.5M | $808.57M | $721.92M | $441.46M | $378.23M | $385.44M | $426M | $373M | $312.6M | $307.6M | $304.1M | $240.8M | $204.2M | $214.9M | $195.9M | $85.1M | $93.9M | $311.1M |
| Investing Activities | ||||||||||||||||||||||||||||||||||||||||
| Capital Expenditures | -$135M | -$133M | $0 | -$86M | -$150M | -$343M | -$44M | -$43M | -$109M | -$49M | $67M | -$367M | -$190M | -$290M | -$86M | -$74M | -$62.5M | -$46.2M | -$14.5M | -$72.4M | -$79.47M | -$56.37M | -$29.7M | -$53.64M | -$90.11M | -$88.37M | -$74.06M | -$66.82M | -$64.92M | -$38M | -$42.6M | -$22.1M | -$17.5M | -$25.8M | -$25.7M | -$57.9M | -$40.7M | -$36M | -$30.8M | -$37.5M |
| Acquisitions | $0 | -$9M | -$205M | -$10M | $1.4B | -$425M | $4M | -$23M | -$205M | -$364M | -$42M | $811M | -$5M | $288M | $4M | $95M | -$28.6M | -$68.2M | $0 | $0 | $126.63M | -$72.06M | $16.65M | -$48.45M | $40.4M | $30.69M | -$285.97M | $134.26M | -$86.21M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | -$5.59B | -$4.64B | -$2.3B | -$6.28B | -$10.72B | -$13.14B | -$10.89B | -$13.84B | -$2.98B | -$10.74B | -$9.3B | -$9.01B | -$8.58B | -$6.59B | -$7.28B | -$6.21B | -$5.01B | -$6.42B | -$4.64B | -$3.43B | -$4.47B | -$5.81B | -$8.16B | -$6.22B | -$3.84B | -$1.68B | -$2.13B | -$2.25B | -$2.61B | -$2.14B | -$2.38B | -$1.11B | -$875.3M | -$1.01B | -$1.1B | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $4.88B | $4.85B | $2.2B | $5.46B | $9B | $12.34B | $8.13B | $8.53B | $0 | $8.17B | $4.87B | $4.85B | $5.85B | $5.19B | $4.86B | $4.69B | $4.27B | $5.76B | $3.34B | $3.38B | $3.11B | $1.27B | $7.16B | $1.83B | $902.82M | $695.33M | $1.07B | $1.25B | $897.79M | $1.55B | $3.03B | $885.4M | $734.3M | $933.1M | $904.5M | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $5M | $25M | $718M | -$128M | $32M | -$1M | -$261M | $30M | $1M | -$5M | -$174M | $99M | $8M | -$23M | $68M | -$202M | $49.4M | $50.7M | $32.1M | -$239.5M | $51.23M | $3.92B | -$112.67M | $3.62B | $2.42B | $793.08M | $1.41B | $857.19M | $1.54B | $292.5M | -$52.2M | $27.9M | -$7M | $2.1M | $20.1M | $99.6M | -$181.2M | $10.7M | -$55.8M | -$51.8M |
| Net Cash from Investing | -$835M | $95M | $414M | -$1.05B | -$436M | -$1.56B | -$3.06B | -$5.35B | -$3.29B | -$2.98B | -$4.58B | -$3.62B | -$2.92B | -$1.43B | -$2.44B | -$1.71B | -$783.1M | -$720.5M | -$1.28B | -$362.4M | -$1.26B | -$747.19M | -$1.13B | -$865.41M | -$570.49M | -$250.65M | -$9.71M | -$75.52M | -$319.84M | -$337.6M | $555.6M | -$222M | -$165.5M | -$99.8M | -$202.7M | $41.7M | -$221.9M | -$25.3M | -$86.6M | -$89.3M |
| Financing Activities | ||||||||||||||||||||||||||||||||||||||||
| Debt Repaid | -$344M | - | $21M | $477M | - | -$484M | -$165M | - | $33M | -$284M | $47M | -$143M | $40M | -$7M | $18M | -$120M | $203.7M | -$92.6M | -$14.1M | $92.4M | $115.3M | $5.2M | $117.57M | -$64.63M | -$98.77M | -$40.88M | -$135.98M | -$10.7M | -$53.5M | $293.5M | $724.1M | $16.3M | $133.3M | $19.3M | -$144.8M | -$97.4M | -$148.5M | - | - | - |
| Common Stock Issuance | $12M | $17M | $15M | $16M | $66M | $22M | $36M | $33M | $37M | $35M | $61M | $47M | $54M | $46M | $39M | $32M | $14.9M | $22.6M | $18.3M | $38.7M | $25.8M | $91.5M | $12.15M | $1.61M | $2.58M | $157.29M | $3.46M | $10.24M | $13.8M | $26.3M | $211.6M | $19.1M | $22.1M | -$24.2M | $11.6M | $15.9M | $20.3M | $0 | $0 | $0 |
| Common Stock Repurchases | -$99M | $0 | -$213M | -$11M | -$319M | -$313M | $0 | -$6M | $0 | -$133M | -$126M | -$191M | -$70M | -$415M | -$315M | -$292M | -$81M | -$47.4M | -$199.1M | $0 | $0 | $0 | $0 | $0 | -$75M | -$2.48M | -$94.11M | -$20.65M | -$341.3M | -$45.5M | $0 | -$47.7M | $0 | $0 | -$142.7M | -$321.3M | -$149.2M | -$17.6M | -$25.7M | -$53.8M |
| Dividends Paid | -$606M | -$788M | -$684M | -$1.21B | -$2.37B | -$334M | -$444M | -$394M | -$417M | -$185M | -$176M | -$167M | -$160M | -$90M | -$67M | -$63M | -$59.9M | -$50.7M | -$41.9M | -$38.2M | -$33.1M | -$35.13M | -$31.34M | -$27.83M | -$66.07M | -$52.89M | -$59.53M | -$60.79M | -$59.27M | -$60.4M | -$27.2M | -$40.6M | -$38.2M | -$36.8M | -$32.3M | -$29.2M | -$27.7M | $0 | $0 | $0 |
| Other Financing Activities | -$28M | -$295M | -$1.13B | $324M | $670M | $18M | $1.65B | $2.81B | $2.13B | $2.72B | $3.38B | $2.27B | $2.31B | $1.44B | $2.36B | $1.02B | $149.1M | $178.6M | $188.7M | $185M | -$11.2M | -$43.46M | $217.91M | $345.36M | $68.79M | -$285.59M | -$260.41M | -$209.82M | -$113.47M | $224.8M | $44.6M | $4.2M | -$1.3M | $200K | -$800K | -$900K | -$3.4M | -$28.9M | -$53.7M | -$158.1M |
| Net Cash from Financing | -$377M | -$1.07B | -$2.03B | -$1.36B | -$1.96B | -$123M | $1.41B | $2.44B | $1.72B | $2.72B | $3.1B | $2.1B | $2.09B | $989M | $2B | $820M | -$275.8M | $195.7M | -$19.9M | $252M | -$156.41M | $7.71M | $103.77M | $383.77M | -$45.92M | -$142.77M | -$274.61M | -$270.32M | -$297.34M | -$131.5M | -$495.1M | -$81.3M | -$150.7M | -$80.1M | -$19.4M | -$238.1M | -$11.5M | -$28.9M | -$53.7M | -$158.1M |
| 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 | $0 | $0 | $0 | $0 | $0 | $0 | -$35.4M | -$868.2M | -$85.6M | $8.3M | -$38.2M | -$1.5M | -$256.6M | $26M | $0 | $0 | $0 |
| Net Change in Cash | $321M | $181M | $353M | -$1.26B | -$679M | $496M | $799M | -$823M | $231M | $887M | -$123M | -$296M | -$66M | $381M | $225M | -$21M | -$144.5M | $448.1M | -$513.1M | $857.2M | -$389.89M | $268.19M | -$277.55M | $326.93M | $105.5M | $48.04M | $93.91M | $39.6M | -$191.18M | -$131.5M | -$495.1M | -$81.3M | -$3.8M | $22.7M | -$19.4M | -$238.1M | -$11.5M | $30.9M | -$46.4M | $63.7M |
| Supplementary Data | ||||||||||||||||||||||||||||||||||||||||
| Operating Cash Flow | $1.53B | $1.15B | $1.97B | $1.15B | $1.71B | $2.18B | $2.46B | $2.08B | $1.8B | $1.15B | $1.36B | $1.22B | $760M | $817M | $667M | $864M | $914.4M | $972.9M | $788.5M | $967.6M | $1.02B | $1.01B | $749.5M | $808.57M | $721.92M | $441.46M | $378.23M | $385.44M | $426M | $373M | $312.6M | $307.6M | $304.1M | $240.8M | $204.2M | $214.9M | $195.9M | $85.1M | $93.9M | $311.1M |
| Capital Expenditure | -$135M | $0 | -$72M | -$86M | -$150M | -$343M | -$44M | -$43M | -$109M | -$49M | $67M | -$367M | -$190M | -$290M | -$86M | -$74M | -$62.5M | -$46.2M | -$14.5M | -$72.4M | -$79.47M | -$56.37M | -$29.7M | -$53.64M | -$90.11M | -$88.37M | -$74.06M | -$66.82M | -$64.92M | -$38M | -$42.6M | -$22.1M | -$17.5M | -$25.8M | -$25.7M | -$57.9M | -$40.7M | -$36M | -$30.8M | -$37.5M |
| Free Cash Flow | $1.4B | $1.15B | $1.9B | $1.07B | $1.56B | $1.84B | $2.41B | $2.04B | $1.7B | $1.1B | $1.42B | $855M | $570M | $527M | $581M | $790M | $851.9M | $926.7M | $774M | $895.2M | $942.88M | $951.3M | $719.8M | $754.93M | $631.8M | $353.09M | $304.17M | $318.63M | $361.09M | $335M | $270M | $285.5M | $286.6M | $215M | $178.5M | $157M | $155.2M | $49.1M | $63.1M | $273.6M |
| Cash at Beginning | $1.41B | $1.23B | $872M | $2.13B | $2.81B | $2.31B | $1.51B | $2.34B | $2.11B | $1.22B | $1.34B | $1.64B | $1.71B | $1.32B | $1.1B | $1.12B | $1.26B | $815.9M | $1.33B | $471.8M | $861.74M | $593.55M | $871.1M | $544.17M | $438.67M | $390.63M | $296.72M | $257.12M | $448.3M | $544.4M | $171.3M | $32.4M | $36.2M | $15M | $32.9M | $16.1M | $53.6M | $23M | $1.07B | $193M |
| Cash at End | $1.73B | $1.41B | $1.23B | $872M | $2.13B | $2.81B | $2.31B | $1.51B | $2.34B | $2.11B | $1.22B | $1.34B | $1.64B | $1.71B | $1.32B | $1.1B | $1.12B | $1.26B | $815.9M | $1.33B | $471.85M | $861.74M | $593.55M | $871.1M | $544.17M | $438.67M | $390.63M | $296.72M | $257.12M | $412.9M | -$323.8M | -$48.9M | $32.4M | $37.7M | $13.5M | -$222M | $42.1M | $53.9M | $1.02B | $256.7M |