ASPEN INSURANCE HOLDINGS LTD (AHL-PD)
Aspen Insurance Holdings Limited, together with its subsidiaries, engages in the insurance and reinsurance businesses in Australia, Asia, the United Kingdom, Ireland, rest of Europe, the United States, Canada, and internationally. It offers various reinsurance and retrocession products, including property catastrophe reinsurance, other property reinsurance, casualty reinsurance, and specialty reinsurance; and various insurance products, such as first party insurance, specialty insurance, casualty insurance, financial and professional lines insurance, and other insurance. The company offers its products primarily through brokers and reinsurance intermediaries. The company was formerly known as Exali Reinsurance Holdings Ltd and changed its name to Aspen Insurance Holdings Limited in November 2002. Aspen Insurance Holdings Limited was incorporated in 2002 and is headquartered in Hamilton, Bermuda. Aspen Insurance Holdings Limited operates as a subsidiary of Endurance Specialty Insurance Ltd.
Sector: Fire, Marine & Casualty Insurance
Industry: Insurance - Diversified
Aspen Insurance Holdings Limited
NYSE:AHL-PDFinancial Services · Insurance - Property & Casualty
Mkt Cap-
Float18.96M
O/S129.39M
Inst Own-
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$3.12B
Net Income$340.2M
Total Assets$16.31B
Free Cash Flow$420.9M
Debt & Equity
Debt 8%
Equity 77%
Preferred 15%
Total Debt$361.5M
Total Equity$3.63B
Preferred Stock$699.9M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in AHL-PD's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$16.31B
Liabilities$12.68B
Accounts Receivable$5.99B
Accounts Payable$520.3M
Inventory$0
PP&E (Net)$43.4M
Goodwill$2.1M
Intangible Assets$375M
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Revenue | $3.12B | $3.2B | $2.89B | $2.64B | $2.59B | $2.72B | $2.43B | $2.31B | $2.62B | $2.85B | $2.66B | $2.62B | $2.39B | $2.3B | $2.09B | $2.19B | $2.08B | $1.79B | $2.01B | $1.86B | $1.65B | $1.3B | $841.9M | $141.8M |
| YoY Growth | -2.5% | 10.5% | 9.5% | 2.2% | -5.1% | 12.3% | 4.8% | -11.6% | -8.2% | 7.2% | 1.5% | 9.7% | 4.1% | 9.9% | -4.8% | 5.3% | 16.7% | -11.1% | 8.0% | 12.8% | 27.1% | 54.1% | 493.7% | - |
| Cost of Revenue | $1.97B | $2.14B | $1.93B | $2.11B | $2.11B | $2.31B | $0 | -$7.1M | -$8.9M | $0 | $0 | $0 | $0 | $0 | $1.9B | $2.2M | $1.28B | $1.42B | $1.23B | $1.21B | $1.64B | $935.6M | $580.7M | $98M |
| Gross Profit | $1.15B | $1.06B | $961.4M | $531M | $478.2M | $417.6M | $2.43B | $2.32B | $2.63B | $2.85B | $2.66B | $2.62B | $2.39B | $2.3B | $185.3M | $2.19B | $800.7M | $366.4M | $774.4M | $646.8M | $7.4M | $362M | $261.2M | $43.8M |
| Gross Margin | 36.8% | 33.1% | 33.2% | 20.1% | 18.5% | 15.3% | 100.0% | 100.3% | 100.3% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 8.9% | 99.9% | 38.4% | 20.5% | 38.6% | 34.8% | 0.4% | 27.9% | 31.0% | 30.9% |
| 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 |
| Selling, General, and Administrative | $671.4M | $533.1M | $503.6M | $494.2M | $418M | $410.9M | $521.6M | $491.7M | $502.2M | $490.1M | $424M | $445.7M | $368.1M | $345.1M | $284.5M | $258.6M | $252.4M | $208.1M | $204.8M | $167.9M | $125.9M | $0 | $0 | $0 |
| Other | $31.7M | $62.1M | $55.2M | $63.8M | $25.1M | $44.7M | $1.91B | $1.83B | $2.13B | $2.36B | $2.24B | $2.18B | $2.02B | $1.95B | $48.1M | $1.94B | $13.6M | $18.1M | -$4.4M | $8.5M | $41.9M | $98.8M | -$152.3M | $8.7M |
| Total Operating Expenses | $703.1M | $595.2M | $558.8M | $558M | $443.1M | $455.6M | $2.43B | $2.32B | $2.63B | $2.85B | $2.66B | $2.62B | $2.39B | $2.3B | $332.6M | $2.2B | $266M | $226.2M | $200.4M | $176.4M | $167.8M | $98.8M | -$152.3M | $8.7M |
| Operating Income (EBIT) | $444.1M | $526.2M | $489.2M | $5.8M | $9.4M | -$38M | -$222.5M | -$131.1M | -$224.1M | $187.1M | $335.2M | $380.4M | $318.2M | $293.6M | -$147.3M | $340.3M | $534.7M | $140.2M | $574M | $470.4M | -$160.4M | $263.2M | $413.5M | $35.1M |
| Operating Margin | 14.3% | 16.5% | 16.9% | 0.2% | 0.4% | -1.4% | -9.2% | -5.7% | -8.6% | 6.6% | 12.6% | 14.5% | 13.3% | 12.8% | -7.1% | 15.5% | 25.7% | 7.9% | 28.6% | 25.3% | -9.7% | 20.3% | 49.1% | 24.8% |
| Interest Expense | $31.7M | $62.1M | $55.2M | $43.7M | $14.3M | $33.9M | $20.2M | $25.9M | $29.5M | $29.5M | $29.5M | $29.5M | $32.7M | $30.9M | $30.8M | $16.5M | $15.6M | $15.6M | $15.7M | $16.9M | $16.2M | $6.9M | $400K | $0 |
| Interest Income | $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 | -$62.1M | -$86.6M | -$32.8M | $25.7M | $0 | $5.9M | -$24.9M | -$57.7M | $22.4M | $2.3M | -$12.5M | $24.5M | $1.8M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$206.9M | $0 |
| Income Before Tax (EBT) | $444.1M | $464.1M | $402.6M | -$27M | $35.1M | -$38M | -$216.6M | -$156M | -$281.8M | $209.5M | $337.5M | $367.9M | $342.7M | $295.4M | -$147.3M | $340.3M | $534.7M | $140.2M | $574M | $470.4M | -$160.4M | $263.2M | $206.6M | $35.1M |
| Income Tax Expense | $103.9M | -$22M | -$132.1M | -$78.1M | $5.3M | $18.4M | $22.9M | -$10.2M | -$15.4M | $6.1M | $14.4M | $12.1M | $13.4M | $15M | -$37.2M | $27.6M | $60.8M | $36.4M | $85M | $92.3M | $17.4M | $68.1M | $54.5M | $6.5M |
| Net Income | $340.2M | $486.1M | $534.7M | $51.1M | $29.8M | -$56.4M | -$238.3M | -$146.8M | -$267.7M | $203.3M | $322.3M | $355M | $329.8M | $280.6M | -$110M | $313M | $473.9M | $103.8M | $489M | $378.1M | -$177.8M | $195.1M | $152.1M | $28.6M |
| Net Income Margin | 10.9% | 15.2% | 18.5% | 1.9% | 1.2% | -2.1% | -9.8% | -6.3% | -10.2% | 7.1% | 12.1% | 13.5% | 13.8% | 12.2% | -5.3% | 14.3% | 22.8% | 5.8% | 24.4% | 20.3% | -10.8% | 15.0% | 18.1% | 20.2% |
| Supplementary Data | ||||||||||||||||||||||||
| EPS | 3.16 | 7.14 | 8.91 | 0.85 | 0.50 | -0.94 | -3.97 | -2.46 | -4.48 | 2.67 | 4.64 | 4.92 | 4.29 | 3.51 | -1.82 | 3.80 | 5.82 | 0.92 | 5.25 | 3.82 | -2.40 | 2.82 | 2.63 | 0.50 |
| Diluted EPS | 3.15 | 7.14 | 8.91 | 0.85 | 0.50 | -0.94 | -3.97 | -2.46 | -4.48 | 2.61 | 4.54 | 4.82 | 4.14 | 3.38 | -1.82 | 3.62 | 5.64 | 0.89 | 5.11 | 3.75 | -2.40 | 2.74 | 2.56 | 0.50 |
| Weighted Average OS | 91.84M | 60.40M | 60.03M | 60.03M | 60.03M | 60.03M | 60.03M | 59.66M | 59.75M | 60.48M | 61.29M | 64.54M | 66.87M | 71.10M | 70.67M | 76.34M | 82.70M | 83.46M | 87.81M | 94.80M | 74.02M | 69.20M | 57.75M | 56.92M |
| EBITDA | $493.8M | $535.1M | $479.5M | $70.1M | $114.7M | $53.5M | -$169.3M | -$87.7M | -$191.4M | $290.5M | $395.5M | $427M | $416.5M | $365.3M | -$88.4M | $378.2M | $560.8M | $166.4M | $607.9M | $504.4M | -$128.7M | $282.3M | $212M | $35.1M |
| EBITDA Margin | 15.8% | 16.7% | 16.6% | 2.7% | 4.4% | 2.0% | -7.0% | -3.8% | -7.3% | 10.2% | 14.9% | 16.3% | 17.4% | 15.9% | -4.2% | 17.2% | 26.9% | 9.3% | 30.3% | 27.1% | -7.8% | 21.8% | 25.2% | 24.8% |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Assets | ||||||||||||||||||||||||
| Current Assets | ||||||||||||||||||||||||
| Cash and Cash Equivalents | $1.66B | $914.2M | $1.03B | $959.2M | $1.31B | $1.75B | $1.03B | $1.08B | $1.05B | $1.27B | $1.1B | $1.18B | $1.29B | $1.46B | $1.24B | $1.18B | $748.4M | $809.1M | $651.4M | $495M | $748.3M | $284.9M | $230.8M | $9.6M |
| Short-Term Investments | $6.28B | $4.98B | $4.23B | $7.93B | $4.89B | $4.47B | $5.16B | $5.35B | $162.9M | $330.7M | $172.4M | $258.5M | $160.3M | $433.9M | $302.3M | $289.7M | $371.7M | $224.9M | $280.1M | $695.5M | $643M | $528.7M | $568.2M | $835.1M |
| Cash and Short-Term Investments | $7.94B | $5.89B | $5.26B | $959.2M | $6.21B | $6.22B | $6.19B | $6.43B | $1.22B | $1.6B | $1.27B | $1.44B | $1.45B | $1.9B | $1.54B | $1.47B | $1.12B | $1.03B | $931.5M | $1.19B | $1.39B | $813.6M | $799M | $844.7M |
| Accounts Receivable | $5.99B | $5.79B | $6.02B | $6.4B | $4.76B | $4.52B | $3.76B | $3.66B | $3.17B | $2.06B | $1.56B | $1.45B | $1.42B | $1.63B | $1.41B | $889.8M | $784.3M | $901.2M | $1.02B | $29.8M | $1.87B | $533.4M | $586.2M | $234.2M |
| 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 |
| Other Current Assets | $0 | $0 | $0 | -$20.8M | $0 | -$4.52B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Current Assets | $14.89B | $12.59B | $12.01B | $8.08B | $11.57B | $6.68B | $10.39B | $10.65B | $4.93B | $3.83B | $3.01B | $3.1B | $3.03B | $3.65B | $3.04B | $2B | $1.46B | $1.49B | $1.95B | $1.22B | $3.26B | $1.35B | $1.39B | $1.08B |
| Long-Term Assets | ||||||||||||||||||||||||
| Property, Plant & Equipment Net | $43.4M | $53.5M | $61.6M | $154.1M | $197.9M | $151.5M | $158.3M | $73.1M | $75.5M | $83.8M | $70.6M | $62.2M | $60.1M | $57.9M | $53.9M | $34.8M | $27.5M | $33.8M | $27.8M | $24.6M | $22.8M | $5M | $400K | $100K |
| Goodwill | $2.1M | $2.1M | $3.9M | $3.9M | $3.9M | $3.9M | $3.9M | $3.9M | $3.9M | $24.2M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $375M | $17.8M | $17.8M | $17.9M | $18M | $18.9M | $20M | $22.4M | $24M | $55.4M | $18.2M | $18.2M | $18.4M | $19M | $20M | $21M | $8.2M | $8.2M | $8.2M | $8.2M | $8.2M | $6.6M | $6.6M | $2M |
| Long-Term Investments | $297.3M | -$4.96B | $6.2B | $5.86B | $6.37B | $5.65B | $6.66B | $6.64B | $7.63B | $7.9B | $7.71B | $7.43B | $6.96B | $6.69B | $6.3B | $6.09B | $6B | $4.66B | $4.67B | $4.52B | $3.69B | $2.74B | $1.62B | $922.4M |
| Deferred Tax Assets | $342.5M | $397.9M | $0 | $120.1M | $0 | $0 | $0 | $6.9B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $360.4M | $7.65B | -$3.07B | -$17.5M | -$4.31B | $98M | -$4.65B | -$13.63B | $99.8M | $73.1M | $36M | $46.9M | $46.5M | -$6.77B | -$6.38B | -$6.14B | -$6.03B | -$4.7B | -$4.7B | -$4.56B | -$3.72B | -$2.75B | -$1.62B | -$924.5M |
| Total Long-Term Assets | $1.42B | $3.16B | $3.21B | $6.14B | $2.28B | $5.92B | $2.19B | $1.89B | $7.84B | $8.14B | $7.84B | $7.56B | $7.08B | $6.66B | $6.38B | $6.14B | $6.03B | $4.7B | $4.7B | $4.56B | $3.27B | $2.6B | $1.19B | $132.9M |
| Other Assets | $0 | $0 | $0 | $937.7M | $0 | $496.4M | $0 | $0 | $143.6M | $123.3M | $202.6M | $64.4M | $116.3M | $0 | $45.2M | $689.2M | $762.8M | $1.1B | $550.8M | $862.8M | $0 | $0 | $0 | $0 |
| Total Assets | $16.31B | $15.75B | $15.22B | $15.16B | $13.84B | $13.09B | $12.58B | $12.53B | $12.91B | $12.09B | $11.05B | $10.72B | $10.23B | $10.31B | $9.46B | $8.83B | $8.25B | $7.29B | $7.2B | $6.64B | $6.54B | $3.94B | $2.58B | $1.21B |
| Liabilities | ||||||||||||||||||||||||
| Current Liabilities | ||||||||||||||||||||||||
| Accounts Payable | $520.3M | $901.1M | $1.42B | $1.98B | $575.7M | $572.8M | $439.6M | $421.2M | $357.5M | $345.3M | $92.7M | $92M | $88.2M | $154.1M | $155.8M | $113.7M | $110.8M | $103M | $81.3M | $312.4M | $339.1M | $274M | $0 | $0 |
| Short-Term Debt | $0 | $15.4M | $15.4M | $299.9M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Income Tax Payable | $18.7M | $6.8M | $12.6M | $10.9M | $4.4M | $3.7M | $2.7M | $100K | $0 | $6.1M | $10.8M | $21.4M | $15.7M | $11.8M | $26.9M | $11.1M | $10.3M | $9M | $60.5M | $27.7M | $0 | $30.7M | $0 | $0 |
| Current Unearned Revenue | $2.73B | $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 | $8.74B | -$15.4M | $3.24B | $3.02B | -$580.1M | -$581.6M | -$442.3M | -$421.3M | -$357.5M | -$345.3M | -$103.5M | -$110.3M | -$103.9M | -$154.1M | -$155.8M | -$124.8M | -$121.1M | -$304.5M | -$351.9M | -$340.1M | -$339.1M | -$304.7M | -$64.7M | -$17.4M |
| Total Current Liabilities | $12.32B | $1.14B | $4.9B | $5.31B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Liabilities | ||||||||||||||||||||||||
| Long-Term Debt | $296.8M | $300M | $300M | $0 | $299.9M | $299.9M | $299.8M | $424.7M | $593.7M | $664.3M | $652.2M | $619.8M | $549M | $499.1M | $499M | $498.8M | $249.6M | $249.5M | $249.5M | $249.4M | $249.3M | $249.3M | $40M | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $294.7M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $4M | $1.1M | $1.6M | $900K | $2.8M | $5.2M | $0 | $0 | $0 | $6.1M | $0 | $3.1M | $0 | $11.8M | $0 | $0 | $0 | $0 | $0 | $34.1M | $32.7M | $27M | $17M | $0 |
| Other Long-Term Liabilities | -$4M | $10.86B | $10.3B | -$900K | -$417.9M | -$405.9M | $0 | -$424.7M | -$593.7M | -$670.4M | -$652.2M | -$622.9M | -$549M | -$510.9M | -$499M | -$498.8M | -$249.6M | -$249.5M | -$249.5M | -$283.5M | -$282M | -$276.3M | -$57M | $0 |
| Total Long-Term Liabilities | $361.5M | $11.24B | $387.7M | $2.28B | $417.9M | $299.9M | $413M | $424.7M | $0 | $670.4M | $652.2M | $622.9M | $549M | $0 | $0 | $498.8M | $249.6M | $249.5M | $0 | $283.5M | $0 | $276.3M | $0 | $0 |
| Other Liabilities | $0 | $0 | $12.32B | $0 | $11.07B | $10.2B | $9.86B | $9.89B | $9.98B | $8.44B | $7.63B | $7.3B | $6.93B | $6.82B | $6.3B | $5.59B | $4.95B | $4.51B | $4.38B | $4.25B | $4.5B | $2.46B | $1.28B | $333.7M |
| Total Liabilities | $12.68B | $12.38B | $12.32B | $12.8B | $11.07B | $10.2B | $9.86B | $9.89B | $9.98B | $8.44B | $7.63B | $7.3B | $6.93B | $6.82B | $6.3B | $5.59B | $4.95B | $4.51B | $4.38B | $4.25B | $4.5B | $2.46B | $1.28B | $333.7M |
| Stockholders' Equity | ||||||||||||||||||||||||
| Preferred Stock | $699.9M | $970.5M | $753.5M | $753.5M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $500K | $0 | $0 | $0 | $0 | $193.8M | $0 | $0 | $0 |
| Common Stock | $100K | $600K | $600K | $600K | $600K | $600K | $600K | $100K | $100K | $100K | $100K | $100K | $100K | $100K | $100K | $100K | $100K | $100K | $100K | $100K | $100K | $1.1B | $1.09B | $836.9M |
| Retained Earnings | $2.32B | $2.03B | $1.79B | $1.35B | $1.38B | $1.43B | $1.51B | $1.81B | $2.03B | $2.39B | $2.28B | $2.05B | $1.78B | $1.54B | $1.36B | $1.53B | $1.28B | $884.7M | $858.8M | $450.5M | $144.2M | $367.5M | $180.7M | $28.6M |
| Comprehensive Income & Other | -$198.3M | -$390.1M | -$400.3M | -$506.3M | -$123M | $101.6M | $8.6M | -$121.9M | -$55.9M | -$5.1M | $59.6M | $234.3M | $219.1M | $427.4M | $428.9M | $324.3M | $257.3M | $139.5M | $112.6M | $17M | $8.5M | $17.9M | $27.2M | $12.6M |
| Other Stockholders' Equity | $1.3B | $1.34B | $1.11B | $1.01B | $1.39B | $1.46B | $1.21B | $830M | $898.8M | $1.25B | $1.13B | $1.37B | $1.52B | $1.94B | $1.8B | $1.71B | $2.02B | $1.89B | $1.96B | $1.94B | $1.9B | $17.9M | $27.2M | $12.6M |
| Total Equity | $3.63B | $3.37B | $2.91B | $2.36B | $2.77B | $2.89B | $2.73B | $2.64B | $2.93B | $3.65B | $3.42B | $3.42B | $3.3B | $3.49B | $3.16B | $3.24B | $3.31B | $2.78B | $2.82B | $2.39B | $2.04B | $1.48B | $1.3B | $878.1M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $3.7M | $2.7M | $1.3M | $1.3M | $500K | $49.7M | $200K | $400K | $500K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $16.31B | $15.75B | $15.22B | $15.16B | $13.84B | $13.09B | $12.58B | $12.53B | $12.9B | $12.09B | $11.05B | $10.72B | $10.23B | $10.31B | $9.46B | $8.83B | $8.25B | $7.29B | $7.2B | $6.64B | $6.54B | $3.94B | $2.58B | $1.21B |
| Supplementary Data | ||||||||||||||||||||||||
| Total Debt | $361.5M | $375.6M | $386.1M | $395.4M | $415.1M | $405.9M | $413M | $424.7M | $593.7M | $664.3M | $652.2M | $619.8M | $549M | $499.1M | $499M | $498.8M | $249.6M | $249.5M | $249.5M | $249.4M | $249.3M | $249.3M | $40M | $0 |
| Net Debt | -$1.3B | -$538.6M | -$642M | -$563.8M | -$899M | -$1.34B | -$617.5M | -$659M | -$461.1M | -$609.5M | -$447.3M | -$558.7M | -$744.6M | -$964.5M | -$740.1M | -$680.3M | -$498.8M | -$559.6M | -$401.9M | -$245.6M | -$499M | -$35.6M | -$190.8M | -$9.6M |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Operating Activities | ||||||||||||||||||||||||
| Net Income | $340.2M | $486.1M | $534.7M | $51.1M | $29.8M | -$40.1M | -$240.5M | -$146.8M | -$267.7M | $203.3M | $322.3M | $355M | $329.8M | $280.6M | -$110M | $312.7M | $473.9M | $103.8M | $489M | $378.1M | -$177.8M | $195.1M | $152.1M | $28.6M |
| Depreciation & Amortization | $18M | $8.9M | $21.7M | $53.4M | $65.3M | $57.6M | $53.2M | $43.4M | $62.2M | $51.5M | $28.5M | $29.6M | $41.1M | $38.8M | $28.1M | $21.4M | $10.5M | $10.6M | $18.2M | $17.1M | $15.5M | $12.2M | $5M | $0 |
| Deferred Income Tax | $22.3M | -$88.6M | -$197.7M | -$104.6M | -$3.2M | -$5.7M | $24.7M | $62.1M | -$32.5M | $9.4M | -$8.9M | -$31.9M | -$52.6M | -$36M | -$30.3M | $0 | $0 | $48.1M | $25.6M | $0 | $0 | $0 | $0 | $3.8M |
| Stock-Based Compensation | $41.7M | $0 | $0 | $0 | $0 | $0 | $0 | $10.1M | $9.8M | $15.5M | $17.9M | $15.1M | $21.4M | $17.8M | $4M | $12.8M | $17.2M | $7M | $12.8M | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | ||||||||||||||||||||||||
| Accounts Receivable | -$83.8M | -$181.7M | $370.8M | -$1.92B | -$395.5M | $62.5M | $142.4M | $61.5M | -$1.29B | -$578.6M | -$94.5M | -$99.6M | $186.8M | -$270.3M | -$63.5M | -$119.7M | -$55.9M | $13.3M | $174.8M | $651.2M | -$1.11B | $48.6M | -$355.1M | -$18.3M |
| Inventory | $0 | $0 | $154.7M | $0 | $0 | $0 | $0 | $0 | $1.54B | $544.1M | $293.2M | $310.3M | $69.5M | $477.3M | $458.3M | $0 | $0 | $0 | $0 | $0 | $0 | $69.9M | $0 | $0 |
| Accounts Payable | -$380.8M | -$515.5M | -$563.5M | $1.4B | $1.2M | $129.7M | $19.5M | $52.1M | $23.8M | $234M | $2.7M | $4.5M | -$32.8M | -$2.3M | $42.6M | $0 | $0 | $0 | $77.3M | -$359.3M | $2.08B | $764.7M | $877.8M | $102.4M |
| Other Working Capital | $462.3M | $781.3M | $15.4M | $266.2M | $843.7M | -$787.4M | -$305.8M | -$384.2M | -$32.5M | $9.4M | -$6.8M | $4.7M | -$19.5M | -$20.8M | $9.7M | $447.8M | $231.7M | $251.1M | $33.1M | $710.8M | -$953.6M | -$1.02B | -$47.2M | -$288.7M |
| Total Working Capital Change | -$2.3M | $84.1M | -$22.6M | -$248M | $449.4M | -$595.2M | -$143.9M | -$270.6M | $238.3M | $208.9M | $194.6M | $219.9M | $204M | $183.9M | $447.1M | $328.1M | $175.8M | $264.4M | $285.2M | $1B | $17.3M | -$140.8M | $475.5M | -$204.6M |
| Other Non-Cash Items | $19.1M | $64.4M | -$11.4M | $193.1M | -$16.6M | -$89.3M | -$31.3M | -$2.7M | -$121.6M | -$35.4M | $19.8M | $19.7M | $22.7M | $17.8M | $4.6M | -$50.4M | -$30.8M | $96.6M | -$56.8M | -$674.7M | $934.1M | $894.8M | $4M | $250.3M |
| Net Cash from Operating | $439M | $554.9M | $324.7M | -$55M | $524.7M | -$672.7M | -$337.8M | -$304.5M | -$111.5M | $453.2M | $574.2M | $607.4M | $566.4M | $502.9M | $343.5M | $624.6M | $646.6M | $530.5M | $774M | $723.2M | $789.1M | $961.3M | $636.6M | $78.1M |
| Investing Activities | ||||||||||||||||||||||||
| Capital Expenditures | -$18.1M | -$17.5M | -$8.9M | $0 | -$64.5M | -$40.7M | -$22.2M | -$27.3M | -$35M | -$23.7M | -$13.9M | -$26.1M | -$16.3M | -$24M | -$29.9M | -$17.9M | -$4.6M | -$11.4M | -$11.1M | -$1.8M | -$19.4M | -$4.6M | -$300K | -$17.7M |
| Acquisitions | $0 | $0 | -$400K | -$400K | -$200K | $6.1M | -$1.1M | -$1.4M | $0 | -$59.5M | -$800K | $0 | $0 | -$8.7M | $0 | -$13.4M | $0 | $0 | $0 | $0 | -$1.6M | $0 | -$6.6M | -$17.7M |
| Purchases of Investments | -$3.48B | -$3.45B | -$2.38B | -$2.84B | -$3.36B | -$2.28B | -$3.48B | -$3.31B | -$3.24B | -$3.87B | -$3.32B | -$3.16B | -$2.95B | -$2.01B | -$2.35B | -$2.81B | -$2.93B | -$2.63B | -$3.22B | -$2.28B | -$3.29B | -$5.22B | -$1.9B | -$963.2M |
| Sales of Investments | $3.87B | $3.1B | $2.19B | $2.68B | $2.44B | $3.47B | $3.73B | $4B | $3.7B | $3.53B | $2.84B | $2.67B | $2.46B | $1.72B | $2.21B | $2.8B | $2.08B | $2.38B | $2.81B | $2.24B | $3.18B | $5.28B | $2.17B | $63.5M |
| Other Investing Activities | -$36.9M | $16.8M | $19.9M | -$28.8M | $26.6M | $1.5M | -$400K | -$5.5M | -$9.9M | $72.2M | -$2.1M | $2.8M | -$900K | $1.1M | -$41.5M | $52.3M | $165.4M | $0 | $0 | -$899.5M | -$926M | -$1.16B | -$959.8M | $17.7M |
| Net Cash from Investing | $339.8M | -$352.8M | -$172.2M | -$196.5M | -$950.3M | $1.15B | $218.3M | $657.3M | $419M | -$350.9M | -$501.9M | -$515M | -$497.9M | -$317.2M | -$210.5M | $17.6M | -$682.4M | -$255.3M | -$426M | -$944.3M | -$1.06B | -$1.11B | -$703.3M | -$917.4M |
| Financing Activities | ||||||||||||||||||||||||
| Debt Repaid | $3.2M | - | -$300M | - | - | - | $132.7M | $211.4M | $115.6M | -$15.7M | -$32.2M | -$70M | -$99.7M | - | - | -$249.2M | - | - | - | - | - | -$209.3M | -$40M | - |
| Common Stock Issuance | $0 | $0 | $0 | $0 | $45M | $268M | $1.4M | $2.7M | $500K | $2.5M | $6.8M | $2.7M | $21.2M | $22.1M | $800K | $20.3M | $25.1M | $2M | $12.8M | $100K | $597.6M | $100K | $246.4M | $836.9M |
| Common Stock Repurchases | $0 | -$275M | $0 | $0 | $0 | $0 | -$100K | $0 | -$323.2M | -$75M | -$83.7M | -$180.9M | -$539.6M | -$62.7M | -$8.1M | -$407.8M | -$34.1M | -$100.3M | -$101.2M | -$200.8M | -$1.9M | $0 | $0 | $0 |
| Dividends Paid | $0 | -$195M | -$40.3M | -$40M | $0 | $0 | $0 | -$42.9M | -$56.2M | -$52.7M | -$50.9M | -$50.3M | -$47.8M | -$47M | -$42.5M | -$46.5M | -$49.8M | -$50.2M | -$53M | -$56.2M | -$45.5M | -$8.3M | $0 | $0 |
| Other Financing Activities | $0 | $275M | $0 | $0 | $0 | $0 | -$9.1M | -$25.1M | -$9.7M | $0 | -$100K | -$100K | -$9.4M | -$100K | -$100K | $500K | $0 | $0 | $0 | $200K | -$1.9M | -$2.3M | $0 | $0 |
| Net Cash from Financing | -$48.7M | -$307.9M | -$90.2M | -$84.6M | $500K | $223.5M | $65.2M | -$307.2M | -$540.4M | $90M | -$133.5M | -$196.4M | -$240.8M | $35.7M | -$72.7M | -$207.1M | -$82.6M | -$176.2M | -$169.1M | -$46.9M | $742.1M | $198.8M | $286.4M | $836.9M |
| Forex Effect | $14.5M | -$8.1M | $6.6M | -$18.8M | -$8.1M | $14.8M | $1.1M | -$16.7M | $13.9M | -$18M | -$17.8M | -$11.1M | $2.3M | $3.1M | -$300K | -$4.4M | $57.7M | $58.7M | -$22.5M | $14.9M | -$6.6M | $2.9M | $1.5M | $12M |
| Net Change in Cash | $744.6M | -$113.9M | $68.9M | -$354.9M | -$433.2M | $716.8M | -$53.2M | $28.9M | -$219M | $174.3M | -$79M | -$115.1M | -$170M | $224.5M | $60M | $430.7M | -$60.7M | $157.7M | $156.4M | -$253.3M | $463.4M | $54.1M | $221.2M | $9.6M |
| Supplementary Data | ||||||||||||||||||||||||
| Operating Cash Flow | $439M | $554.9M | $324.7M | -$55M | $524.7M | -$672.7M | -$337.8M | -$304.5M | -$111.5M | $453.2M | $574.2M | $607.4M | $566.4M | $502.9M | $343.5M | $624.6M | $646.6M | $530.5M | $774M | $715M | $789.1M | $961.3M | $636.6M | $78.1M |
| Capital Expenditure | -$18.1M | -$17.5M | -$8.9M | $55M | -$64.5M | -$40.7M | -$22.2M | -$27.3M | -$35M | -$23.7M | -$13.9M | -$26.1M | -$16.3M | -$24M | -$29.9M | -$17.9M | -$4.6M | -$11.4M | -$11.1M | -$1.8M | -$19.4M | -$4.6M | -$300K | -$17.7M |
| Free Cash Flow | $420.9M | $537.4M | $315.8M | -$55M | $460.2M | -$713.4M | -$360M | -$331.8M | -$146.5M | $429.5M | $560.3M | $580.2M | $548.8M | $478.9M | $313.6M | $606.7M | $642M | $519.1M | $762.9M | $713.2M | $769.7M | $956.7M | $636.3M | $60.4M |
| Cash at Beginning | $914.2M | $1.03B | $959.2M | $1.31B | $1.75B | $1.03B | $1.08B | $1.05B | $1.27B | $1.1B | $1.18B | $1.29B | $1.46B | $1.24B | $1.18B | $748.4M | $809.1M | $651.4M | $495M | $748.3M | $284.9M | $230.8M | $9.6M | $0 |
| Cash at End | $1.66B | $914.2M | $1.03B | $959.2M | $1.31B | $1.75B | $1.03B | $1.08B | $1.05B | $1.27B | $1.1B | $1.18B | $1.29B | $1.46B | $1.24B | $1.18B | $748.4M | $809.1M | $651.4M | $495M | $748.3M | $284.9M | $230.8M | $9.6M |