ASSURED GUARANTY LTD (AGO)
Assured Guaranty Ltd., together with its subsidiaries, provides credit protection products to public finance and structured finance markets in the United States and internationally. It operates through Insurance and Asset Management segments. The company offers financial guaranty insurance that protects holders of debt instruments and other monetary obligations from defaults in scheduled payments. It also provides specialty insurance and reinsurance on transactions with risk profiles similar to those of its structured finance exposures written in financial guaranty form, as well as offers credit protection through reinsurance. In addition, the company insures and reinsures various the U.S. public finance obligations, such as general obligation, tax-backed bonds, municipal utility, transportation, healthcare, higher education, infrastructure, housing revenue, investor-owned utility, renewable energy, and other public finance bonds. Further, it involved in insuring and reinsuring of non-U.S. public finance obligations comprising regulated utilities, infrastructure finance, sovereign and sub-sovereign, renewable energy bonds, and pooled infrastructure obligations; and the U.S. and non-U.S. structured finance obligations, including residential mortgage-backed securities, life insurance transactions, pooled corporate obligations, and financial products. Additionally, the company offers specialty business, such as diversified real estate, insurance reserve financing and securitizations, pooled corporate obligations, and aircraft residual value insurance (RVI) transactions; and asset management services comprising investment advisory services. It markets its financial guaranty insurance directly to issuers and underwriters of public finance and structured finance securities, as well as to investors. Assured Guaranty Ltd. was incorporated in 2003 and is headquartered in Hamilton, Bermuda.
Sector: Surety Insurance
Industry: Insurance - Specialty
Assured Guaranty Ltd.
NYSE:AGOFinancial Services · Insurance - Specialty
+0.98%$70.14
AH Close$70.14+0.00%vs close
AH Close$70.14+0.00%vs close
Mkt Cap$3.08B
Float41.54M
O/S43.98M
Inst Own93.7%
SI5.9%
Div Yield2.11%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$788M
Net Income$503M
Total Assets$12.18B
Free Cash Flow$259M
Debt & Equity
Debt 23%
Equity 77%
Total Debt$1.7B
Total Equity$5.66B
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in AGO's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$12.18B
Liabilities$6.39B
Accounts Receivable$2.02B
Accounts Payable$0
Inventory$0
PP&E (Net)$0
Goodwill$0
Intangible Assets$192M
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Revenue | $788M | $814M | $1.01B | $684M | $698M | $1.08B | $924M | $987M | $1.65B | $1.38B | $1.96B | $1.74B | $1.26B | $763M | $1.95B | $1.59B | $917.16M | $553.19M | -$301.6M | $322.06M | $294.53M | $347.9M | $512.3M | $302M | $294.53M | $249.9M |
| YoY Growth | -3.2% | -19.8% | 48.4% | -2.0% | -35.6% | 17.3% | -6.4% | -40.2% | 19.6% | -29.4% | 12.4% | 37.8% | 65.4% | -60.9% | 22.9% | 73.0% | 65.8% | -283.4% | -193.6% | 9.3% | -15.3% | -32.1% | 69.6% | 2.5% | 17.9% | - |
| Cost of Revenue | $56M | -$6M | $175M | $30M | -$206M | $219M | $111M | $80M | $407M | $313M | $444M | $151M | $166M | $518M | $465M | $434M | $567.97M | $265.76M | $49.02M | $51.73M | $114.87M | $82.9M | $209.5M | $168.7M | $228.6M | $79.5M |
| Gross Profit | $732M | $820M | $840M | $654M | $904M | $865M | $813M | $907M | $1.24B | $1.07B | $1.51B | $1.59B | $1.1B | $245M | $1.49B | $1.15B | $349.19M | $287.43M | -$350.63M | $270.33M | $179.67M | $265M | $302.8M | $133.3M | $65.93M | $170.4M |
| Gross Margin | 92.9% | 100.7% | 82.8% | 95.6% | 129.5% | 79.8% | 88.0% | 91.9% | 75.3% | 77.3% | 77.3% | 91.3% | 86.8% | 32.1% | 76.2% | 72.7% | 38.1% | 52.0% | 116.3% | 83.9% | 61.0% | 76.2% | 59.1% | 44.1% | 22.4% | 68.2% |
| 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 |
| Selling, General, and Administrative | $0 | $202M | $251M | $258M | $230M | $228M | $178M | $152M | $143M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.34M | $6.48M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other | $70M | $130M | -$79M | $248M | $197M | $224M | $171M | $175M | $110M | $50M | $80M | $57M | -$46M | $113M | $457M | $619M | $232.26M | $173.76M | $105.92M | $80.35M | -$49.95M | $31.7M | $56.6M | $50.1M | -$44.17M | $52.3M |
| Total Operating Expenses | $70M | $332M | $172M | $506M | $427M | $452M | $349M | $327M | $253M | $50M | $80M | $57M | -$46M | $113M | $457M | $619M | $232.26M | $175.09M | $112.4M | $80.35M | -$49.95M | $31.7M | $56.6M | $50.1M | -$44.17M | $52.3M |
| Operating Income (EBIT) | $662M | $488M | $668M | $148M | $477M | $413M | $464M | $580M | $991M | $1.02B | $1.43B | $1.53B | $1.14B | $132M | $1.03B | $534M | $116.93M | $112.33M | -$463.02M | $189.97M | $229.62M | $233.3M | $246.2M | $83.2M | $110.1M | $118.1M |
| Operating Margin | 84.0% | 60.0% | 65.8% | 21.6% | 68.3% | 38.1% | 50.2% | 58.8% | 60.0% | 73.7% | 73.2% | 88.0% | 90.5% | 17.3% | 52.7% | 33.6% | 12.7% | 20.3% | 153.5% | 59.0% | 78.0% | 67.1% | 48.1% | 27.5% | 37.4% | 47.3% |
| Interest Expense | $89M | $91M | $90M | $81M | $87M | $85M | $89M | $94M | $97M | $102M | $101M | $92M | $82M | $92M | $99M | $100M | $62.78M | $23.28M | $23.53M | $13.77M | $13.52M | $10.7M | $5.7M | $10.6M | $11.5M | $11.5M |
| Interest Income | $0 | $0 | $0 | $0 | $204M | $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 |
| Income Before Tax (EBT) | $662M | $488M | $668M | $148M | $477M | $413M | $464M | $580M | $991M | $1.02B | $1.43B | $1.53B | $1.14B | $132M | $1.03B | $534M | $116.93M | $112.33M | -$463.02M | $189.97M | $229.62M | $233.3M | $246.2M | $83.2M | $110.1M | $118.1M |
| Income Tax Expense | $119M | $96M | -$93M | $11M | $58M | $45M | $63M | $59M | $261M | $136M | $375M | $443M | $334M | $22M | $256M | $50M | $32.11M | $43.45M | -$159.75M | $30.24M | $41.17M | $50.5M | $31.7M | $10.6M | $0 | $0 |
| Net Income | $503M | $376M | $739M | $124M | $389M | $362M | $402M | $521M | $730M | $881M | $1.06B | $1.09B | $808M | $110M | $773M | $484M | $85.98M | $68.88M | -$303.27M | $159.73M | $188.45M | $182.8M | $214.5M | $72.6M | $63.8M | $93.2M |
| Net Income Margin | 63.8% | 46.2% | 72.8% | 18.1% | 55.7% | 33.4% | 43.5% | 52.8% | 44.2% | 63.8% | 54.0% | 62.6% | 64.0% | 14.4% | 39.6% | 30.5% | 9.4% | 12.5% | 100.6% | 49.6% | 64.0% | 52.5% | 41.9% | 24.0% | 21.7% | 37.3% |
| Supplementary Data | ||||||||||||||||||||||||||
| EPS | 10.29 | 7.01 | 12.55 | 1.96 | 5.29 | 4.22 | 4.04 | 4.74 | 6.05 | 6.61 | 7.12 | 6.30 | 4.33 | 0.58 | 4.21 | 2.63 | 0.77 | 0.76 | -4.46 | 2.18 | 2.55 | 2.44 | 2.86 | 0.97 | 0.85 | 1.24 |
| Diluted EPS | 10.18 | 6.87 | 12.30 | 1.92 | 5.24 | 4.19 | 4.00 | 4.68 | 5.96 | 6.56 | 7.08 | 6.26 | 4.30 | 0.57 | 4.16 | 2.56 | 0.75 | 0.76 | -4.46 | 2.15 | 2.53 | 2.44 | 2.86 | 0.97 | 0.85 | 1.24 |
| Weighted Average OS | 48.90M | 53.30M | 58.40M | 62.90M | 73.50M | 85.50M | 99.30M | 110.00M | 120.60M | 133.00M | 148.10M | 172.60M | 186.60M | 189.20M | 183.40M | 184.00M | 126.50M | 86.98M | 68.03M | 73.27M | 73.90M | 74.92M | 75.00M | 74.85M | 75.06M | 75.16M |
| EBITDA | $751M | $579M | $758M | $240M | $576M | $511M | $553M | $674M | $1.09B | $1.12B | $1.53B | $1.62B | $1.22B | $228M | $19.38B | $46.97B | $22.18B | $2.53B | -$436.85M | $209.82M | $250.17M | $252.82M | $261.02M | $93.8M | $121.6M | $129.6M |
| EBITDA Margin | 95.3% | 71.1% | 74.7% | 35.1% | 82.5% | 47.1% | 59.8% | 68.3% | 65.9% | 81.1% | 78.4% | 93.3% | 97.0% | 29.9% | 993.5% | 2959.8% | 2418.0% | 457.8% | 144.8% | 65.2% | 84.9% | 72.7% | 51.0% | 31.1% | 41.3% | 51.9% |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Assets | ||||||||||||||||||||||||||
| Current Assets | ||||||||||||||||||||||||||
| Cash and Cash Equivalents | $388M | $121M | $97M | $107M | $120M | $162M | $169M | $104M | $144M | $118M | $166M | $75M | $184M | $138M | $214.54M | $107.18M | $44.1M | $12.3M | $8.05M | $4.79M | $6.19M | $16.98M | $32.37M | $0 | $0 | $0 |
| Short-Term Investments | $2.05B | $2.34B | $7.97B | $7.93B | $9.43B | $9.62B | $10.12B | $10.82B | $11.3B | $10.82B | $11.02B | $11.26B | $10.62B | $10.87B | $734.05M | $1.03B | $1.67B | $477.2M | $552.94M | $134.06M | $115.83M | $175.84M | $137.52M | $0 | $0 | $0 |
| Cash and Short-Term Investments | $2.43B | $2.46B | $8.06B | $8.04B | $9.55B | $9.79B | $10.29B | $10.92B | $11.45B | $10.94B | $11.19B | $11.33B | $10.8B | $11.01B | $948.59M | $1.14B | $1.71B | $489.5M | $560.99M | $138.85M | $122.02M | $192.81M | $169.88M | $0 | $0 | $0 |
| Accounts Receivable | $2.02B | $1.95B | $1.77B | $1.55B | $2.17B | $2.36B | $1.29B | $0 | $0 | $0 | $0 | $729M | $876M | $1.52B | $1.08T | $1.17T | $1.42T | $15.74M | $27.8M | $52.45M | $48.37M | $0 | $301.12M | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | -$2.92B | -$3.6B | $0 | -$3.6B | -$2.23B | -$3.52B | -$2.7B | -$2.01B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $0 | -$4.41B | -$9.83B | $2.92B | $3.6B | -$12.15B | $4.35B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2.4B | $0 | $0 | $665.11M | $671.3M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Current Assets | $4.46B | $0 | $0 | $9.59B | $11.72B | $0 | $12.32B | $12.32B | $11.75B | $10.94B | $11.53B | $11.29B | $10.77B | $11.2B | $11.44B | $10.69B | $10.6B | $510.93M | $560.99M | $138.85M | $125.02M | $192.81M | $471M | $0 | $0 | $0 |
| Long-Term Assets | ||||||||||||||||||||||||||
| Property, Plant & Equipment Net | $0 | $101M | $366M | $5.49B | $5.27B | $1.91B | $572M | $10.96B | -$101M | -$106M | -$114M | -$121M | -$124M | -$116M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $0 | $0 | $0 | $117M | $117M | $117M | $117M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $85.42M | $85.42M | $85.42M | $85.42M | $85.42M | $87.06M | $0 | $0 | $0 |
| Intangible Assets | $192M | $176M | $6M | $46M | $58M | $86M | $99M | $129M | $101M | $106M | $114M | $121M | $124M | $116M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $6.65B | $1.07B | $1.16B | $8.65B | $9.69B | $9.92B | $10.56B | $11.39B | $12B | $11.7B | $12.28B | $12.66B | $13.18B | $13.56B | $10.88B | $10.45B | $10.81B | $3.63B | $3.14B | $2.47B | $2.25B | $2.14B | $2.19B | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $114M | $195M | $0 | $254M | $297M | $98M | $497M | $276M | $260M | $688M | $721M | $770.94B | $1.22T | $1.16T | $129.12B | $147.56B | $39.91M | $26.63M | $40.05M | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $876M | -$1.35B | -$1.53B | -$114M | -$195M | -$12.04B | -$254M | -$11.39B | -$12B | -$11.7B | -$12.28B | -$12.66B | -$13.18B | -$13.56B | -$10.88B | -$10.45B | -$10.81B | $81.7B | $82.19B | -$2.47B | -$2.25B | -$2.14B | -$2.28B | $0 | $0 | $0 |
| Total Long-Term Assets | $7.72B | $0 | $0 | $14.3B | $15.13B | $0 | $11.35B | $11.39B | $98M | $497M | $276M | $260M | $688M | $721M | $770.94B | $1.22T | $1.16T | $214.53B | $232.98B | $125.32M | $112.05M | $125.47M | $2.28B | $0 | $0 | $0 |
| Other Assets | $0 | $11.9B | $12.54B | -$7.05B | -$8.64B | $15.33B | -$9.35B | -$10.1B | $2.58B | $2.71B | $2.74B | $3.37B | $4.83B | $5.32B | -$12.19T | -$11.89T | -$11.74T | -$720.91B | -$790.17B | $2.67B | $2.44B | $2.38B | $110.07M | $2.77B | $2.32B | $1.91B |
| Total Assets | $12.18B | $11.9B | $12.54B | $16.84B | $18.21B | $15.33B | $14.33B | $13.6B | $14.43B | $14.15B | $14.54B | $14.93B | $16.29B | $17.24B | $18.09B | $20.47B | $16.59B | $4.56B | $3.8B | $2.94B | $2.68B | $2.69B | $2.86B | $2.77B | $2.32B | $1.91B |
| Liabilities | ||||||||||||||||||||||||||
| Current Liabilities | ||||||||||||||||||||||||||
| Accounts Payable | $0 | $0 | $0 | $1M | $16M | $0 | $30M | $0 | $61M | $64M | $51M | $107M | $148M | $219M | $170.98M | $274.43M | $32.28M | $17.96M | $3.28M | $43.19M | $56.72M | $0 | $0 | $0 | $0 | $0 |
| Short-Term Debt | $0 | $0 | $0 | $0 | $0 | $145M | $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 | $43M | $0 | $0 | $0 | $0 | $0 | $0 | $5M | $44M | $0 | $0 | $93.02M | $0 | $0 | $635K | $7.2M | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $3.63B | $3.72B | $0 | $0 | $43M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $309M | -$3.72B | $0 | $184M | $299M | -$145M | $1.05B | $0 | -$61M | -$64M | -$51M | -$107M | -$192M | -$219M | -$170.98M | $92.65B | -$186.74M | -$17.96M | $160.06M | -$43.19M | -$56.72M | -$86.78M | -$71.24M | $0 | $0 | $0 |
| Total Current Liabilities | $3.93B | $0 | $0 | $297M | $928M | $0 | $1.08B | $1.18B | $61M | $64M | $51M | $5M | $44M | $219M | $170.98M | $93.02B | $186.7M | $18M | $635M | $7.2M | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Liabilities | ||||||||||||||||||||||||||
| Long-Term Debt | $1.7B | $1.7B | $1.69B | $1.68B | $1.67B | $1.08B | $1.24B | $1.23B | $1.29B | $1.31B | $1.3B | $1.3B | $816M | $836M | $1.04B | $1.05T | $1.07B | $347.21M | $347.15M | $197.38M | $197.34M | $197.36M | $75M | $0 | $150M | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $11.48B | $0 | $0 | $6.82B | -$923M | -$1.1B | -$798M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$237.28M | $817.61M | $969.04M | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $228M | $0 | $0 | $229M | $297M | $353M | $351M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $39.91M | $26.63M | $40.05M | $55.64M | $0 | $0 | $0 |
| Other Long-Term Liabilities | $749M | $4.65B | $5.08B | $9.88B | -$1.67B | -$1.08B | $6.44B | $5.82B | $0 | $0 | $0 | $7.86B | $10.36B | $0 | -$1.04B | -$1.05T | -$1.07B | -$347.21M | $1.79B | $1.04B | -$1.04B | -$1.21B | -$130.64M | $0 | -$150M | $0 |
| Total Long-Term Liabilities | $2.45B | $6.35B | $6.77B | $11.55B | $11.71B | $0 | $7.67B | $7.05B | $1.29B | $1.31B | $1.3B | $9.16B | $11.13B | $836M | $1.04T | $16.58B | $917.36B | $347.21M | $2.13B | $1.28B | $1.01B | $1.17B | $1.42B | $0 | $150M | $0 |
| Other Liabilities | $0 | $0 | $0 | -$297M | -$928M | $8.63B | -$1.08B | -$1.18B | $6.24B | $6.28B | $7.13B | $0 | $0 | $11.19B | -$1.03T | -$16.66T | -$904.48B | $2.26B | -$2.13T | $0 | $0 | $0 | $0 | $1.51B | $1.11B | $919.2M |
| Total Liabilities | $6.39B | $6.35B | $6.77B | $11.55B | $11.71B | $8.63B | $7.67B | $7.05B | $7.59B | $7.65B | $8.48B | $9.17B | $11.17B | $12.25B | $13.37B | $16.67B | $13.07B | $2.63B | $2.13B | $1.28B | $1.01B | $1.17B | $1.42B | $1.51B | $1.26B | $919.2M |
| Stockholders' Equity | ||||||||||||||||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $17K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $0 | $1M | $1M | $1M | $1M | $1M | $1M | $1M | $1M | $1M | $1M | $2M | $2M | $2M | $1.82M | $1.84M | $1.8M | $900K | $799K | $675K | $748K | $757K | $16.4M | $0 | $0 | $0 |
| Retained Earnings | $5.83B | $5.88B | $6.07B | $5.58B | $5.99B | $6.14B | $6.29B | $6.37B | $5.89B | $5.29B | $4.48B | $3.49B | $2.48B | $1.75B | $1.77B | $1.1B | $789.9M | $638.1M | $585.26M | $896.95M | $747.69M | $568.25M | $390.02M | $0 | $0 | $0 |
| Comprehensive Income & Other | -$168M | -$385M | -$359M | -$515M | $300M | $498M | $342M | $93M | $372M | $149M | $237M | $370M | $160M | $515M | $367.5M | $110.64M | $141.8M | $2.9M | $56.63M | $41.88M | $45.83M | $78.96M | $81.19M | $89M | $43.3M | $42.3M |
| Other Stockholders' Equity | -$167M | -$384M | -$358M | -$514M | $301M | $499M | $343M | $180M | $946M | $1.21B | $1.58B | $2.26B | $2.63B | $3.24B | $2.94B | $2.7B | $2.73B | $1.29B | $1.08B | $753.14M | $913.07M | $958.6M | $1.03B | $1.26B | $1.06B | $994.5M |
| Total Equity | $5.66B | $5.5B | $5.71B | $5.06B | $6.29B | $6.64B | $6.64B | $6.55B | $6.84B | $6.5B | $6.06B | $5.76B | $5.12B | $4.99B | $4.72B | $3.8B | $3.52B | $1.93B | $1.67B | $1.65B | $1.66B | $1.53B | $1.44B | $1.26B | $1.06B | $994.5M |
| Minority Interest | $126M | $58M | $52M | $228M | $208M | $62M | $13M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$400K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $12.05B | $11.84B | $12.49B | $16.61B | $18B | $15.27B | $14.31B | $13.6B | $14.43B | $14.15B | $14.54B | $14.93B | $16.29B | $17.24B | $18.09B | $20.47B | $16.59B | $4.56B | $3.8B | $2.94B | $2.68B | $2.69B | $2.86B | $2.77B | $2.32B | $1.91B |
| Supplementary Data | ||||||||||||||||||||||||||
| Total Debt | $1.7B | $1.7B | $1.69B | $1.68B | $1.67B | $1.22B | $1.24B | $1.23B | $1.29B | $1.31B | $1.3B | $1.3B | $816M | $836M | $1.04B | $1.05B | $1.07B | $347.21M | $197.41M | $197.38M | $197.34M | $197.36M | $75M | $0 | $150M | $0 |
| Net Debt | $1.32B | $1.58B | $1.6B | $1.57B | $1.55B | $1.06B | $1.07B | $1.13B | $1.15B | $1.19B | $1.13B | $1.23B | $632M | $698M | $823.76M | $945.76M | $1.02B | $334.91M | $189.36M | $192.59M | $191.15M | $180.38M | $42.63M | $0 | $150M | $0 |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 | FY 2005 | FY 2004 | FY 2003 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 | 2005-12-31 | 2004-12-31 | 2003-12-31 |
| Operating Activities | |||||||||||||||||||||||
| Net Income | $503M | $376M | $761M | $137M | $419M | $368M | $137M | $521M | $730M | $881M | $1.06B | $1.09B | $808M | $110M | $775.62M | $548.91M | $96.03M | $68.88M | -$303.27M | $159.73M | $188.45M | $182.79M | $214.52M |
| Depreciation & Amortization | $0 | $0 | $0 | $11M | $12M | $13M | -$35M | -$31M | -$46M | -$34M | -$25M | -$16M | -$8M | $4M | $18.26B | $46.34B | $22B | $2.4B | $2.65M | $6.08M | $7.03M | $8.82M | $9.12M |
| Deferred Income Tax | $0 | -$4M | -$156M | -$3M | -$38M | $58M | $65M | $74M | $250M | $19M | $300M | $347M | $177M | -$35M | $385.75M | $111.76M | -$180.39M | $43.12M | -$172.14M | $11.6M | -$4.3M | $34.43M | $12.78M |
| Stock-Based Compensation | -$34M | $0 | $0 | $39M | $27M | $25M | $21M | $19M | $16M | $13M | $10M | $10M | $8M | $7M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | |||||||||||||||||||||||
| Accounts Receivable | $0 | $0 | -$157M | $74M | $0 | -$102M | -$388M | -$6M | -$69M | $128M | -$8M | $108M | $86M | $48M | $138.48M | $376.48M | $148.4M | $12.06M | -$28.21M | -$5.09M | $25.66M | $133.94M | $48.26M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$18.76M | $85.21M | -$59.06M | -$8.31M | $36.93M |
| Other Working Capital | -$75M | -$110M | $21M | -$1.4B | $2M | -$240M | -$312M | -$159M | -$215M | -$848M | -$463M | -$293M | -$640M | -$726M | -$82.75M | -$1.12B | -$290.44M | $295.19M | $182.02M | $63.19M | $10.65M | -$30.9M | $19.64M |
| Total Working Capital Change | -$75M | -$110M | -$136M | -$1.32B | $2M | -$342M | -$700M | -$165M | -$284M | -$720M | -$471M | -$185M | -$554M | -$678M | $55.73M | -$741.08M | -$142.04M | $307.24M | $135.06M | $143.3M | -$22.76M | $94.73M | $104.83M |
| Other Non-Cash Items | -$135M | -$215M | -$8M | -$1.34B | -$2.36B | -$975M | $3M | $32M | -$26M | -$27M | $31M | $49M | -$29M | -$78M | -$577.73M | $136.06M | $450.92M | -$64.45M | $720.9M | -$65.2M | $367K | -$374.17M | -$141.22M |
| Net Cash from Operating | $259M | $47M | $461M | -$2.48B | -$1.94B | -$853M | -$509M | $462M | $433M | -$141M | -$52M | $577M | $244M | -$165M | $675.62M | $103.99M | $279.17M | $426.99M | $385.85M | $261.57M | $175.81M | -$44.58M | $200.03M |
| Investing Activities | |||||||||||||||||||||||
| Capital Expenditures | $0 | $0 | $0 | $25M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$62.11M | $0 |
| Acquisitions | $0 | -$119M | -$198M | -$25M | -$79M | -$19M | -$233M | $0 | $95M | -$435M | -$800M | $0 | $0 | -$91M | $0 | $0 | -$459M | $0 | $0 | $0 | $0 | $39.78M | $0 |
| Purchases of Investments | $7M | -$1.35B | -$1.43B | -$459M | -$1.65B | -$1.47B | -$1.73B | -$2.21B | -$2.55B | -$1.65B | -$2.58B | -$2.8B | -$1.97B | -$1.65B | -$2.31B | -$2.46B | -$2.68B | -$1.27B | -$1.45B | -$883.22M | -$956.8M | -$813.49M | -$902.93M |
| Sales of Investments | $2.3B | $2.24B | $1.74B | $2.12B | $1.69B | $2.19B | $2.94B | $2.37B | $2.6B | $2.54B | $3.9B | $2.29B | $1.91B | $2.05B | $2.09B | $2.7B | $1.74B | $622.41M | $786.59M | $864.53M | $803.25M | $795.97M | $753.95M |
| Other Investing Activities | -$1.67B | $15M | $172M | $81M | $56M | $84M | $187M | $133M | $206M | $620M | $469M | $419M | $742M | $637M | $778.99M | $443.78M | $9.35M | -$728.15B | -$243.28B | -$209.77M | -$213.56M | $62.11M | $3.69M |
| Net Cash from Investing | $641M | $780M | $286M | $1.74B | $23M | $788M | $1.17B | $297M | $345M | $1.08B | $994M | -$96M | $681M | $943M | $561.35M | $677.29M | -$1.4B | -$649.62M | -$664.39M | -$228.46M | -$153.55M | $22.27M | -$145.3M |
| Financing Activities | |||||||||||||||||||||||
| Debt Repaid | $16M | $375M | $152M | -$1.19B | -$2.47B | -$740M | -$172M | $101M | $30M | $2M | $4M | -$476M | $27M | $209M | $22M | $21M | $14.82M | - | $425K | - | - | $2.7M | - |
| Common Stock Issuance | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $173M | $0 | $0 | $1.19B | $248.97M | $304.64M | $501K | $356K | $0 | $0 |
| Common Stock Repurchases | -$534M | -$502M | -$199M | -$500M | -$496M | -$446M | -$500M | -$500M | -$501M | -$308M | -$562M | -$590M | -$264M | -$24M | -$23M | -$10M | -$3.68M | $0 | -$9.35M | -$171.06M | -$19.01M | -$5.99M | $0 |
| Dividends Paid | -$68M | -$68M | -$67M | -$64M | -$66M | -$69M | -$74M | -$71M | -$70M | -$69M | -$72M | -$76M | -$75M | -$69M | -$33.03M | -$33M | -$22.33M | -$16.02M | -$11.03M | -$10.46M | $0 | -$4.56M | -$35M |
| Other Financing Activities | $2M | -$38M | -$248M | -$57M | $53M | -$42M | -$182M | -$123M | -$165M | $12M | -$209M | -$395M | -$1M | -$727M | -$1.5M | -$2.49M | -$683K | -$4.04M | -$2.83M | $145.95M | -$4.27M | $19.34M | $0 |
| Net Cash from Financing | -$616M | -$983M | -$670M | $612M | $1.96B | $183M | -$584M | -$795M | -$766M | -$978M | -$847M | -$585M | -$878M | -$856M | -$1.13B | -$717.43M | $1.15B | $229.34M | $281.44M | -$35.07M | -$31.94M | $6.09M | -$35M |
| Forex Effect | -$22M | -$2M | $2M | -$8M | -$2M | -$3M | $3M | -$4M | $5M | -$5M | -$4M | -$5M | -$1M | $1M | $2.14M | -$798K | $1.32M | -$2.45M | $366K | $548K | -$1.11M | $832K | $3.19M |
| Net Change in Cash | $262M | -$158M | $79M | -$135M | $44M | $115M | $79M | -$40M | $17M | -$48M | $91M | -$109M | $46M | -$77M | $106.16M | $63.05M | $31.83M | $4.26M | $3.26M | -$1.41M | -$10.79M | -$15.39M | $22.92M |
| Supplementary Data | |||||||||||||||||||||||
| Operating Cash Flow | $259M | $47M | $461M | -$2.48B | -$1.94B | -$853M | -$509M | $462M | $433M | -$141M | -$52M | $577M | $244M | -$165M | $675.62M | $103.99M | $279.17M | $426.99M | $385.85M | $261.57M | $175.81M | -$44.58M | $200.03M |
| Capital Expenditure | $0 | $0 | $0 | $25M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$62.11M | $0 |
| Free Cash Flow | $259M | $47M | $461M | -$2.45B | -$1.94B | -$853M | -$509M | $462M | $433M | -$141M | -$52M | $577M | $244M | -$165M | $675.62M | $103.99M | $279.17M | $426.99M | $385.85M | $261.57M | $175.81M | -$106.69M | $200.03M |
| Cash at Beginning | $126M | $286M | $207M | $342M | $298M | $183M | $104M | $144M | $127M | $166M | $75M | $184M | $138M | $215M | $108.39M | $44.13M | $12.3M | $8.05M | $4.79M | $6.19M | $16.98M | $32.37M | $9.45M |
| Cash at End | $388M | $128M | $286M | $207M | $342M | $298M | $183M | $104M | $144M | $118M | $166M | $75M | $184M | $138M | $214.54M | $107.18M | $44.13M | $12.3M | $8.05M | $4.79M | $6.19M | $16.98M | $32.37M |