Apollo Commercial Real Estate Finance, Inc. (ARI)
Apollo Commercial Real Estate Finance, Inc. functions as a Real Estate Investment Trust (REIT) with a core focus on the U.S. market. The company specializes in originating, purchasing, maintaining, and overseeing a diverse portfolio of debt instruments related to commercial properties, including primary mortgage loans and subordinate financing structures. Having qualified as a REIT under the Internal Revenue Code, it benefits from an exemption from federal income taxes, provided it distributes a minimum of 90% of its REIT taxable earnings to its shareholders. This entity was established in 2009 and is headquartered in New York, New York.
Sector: Real Estate Investment Trusts
Industry: REIT - Mortgage
Apollo Commercial Real Estate Finance, Inc.
NYSE:ARIReal Estate · REIT - Mortgage
+1.90%$6.42
AH Close$6.42+0.00%vs close
AH Close$6.42+0.00%vs close
Mkt Cap$825.25M
Float117.58M
O/S128.54M
Inst Own63.2%
Div Yield66.20%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$710.49M
Net Income$126.72M
Total Assets$9.9B
Free Cash Flow$42.31M
Debt & Equity
Debt 81%
Equity 19%
Preferred 0%
Total Debt$7.92B
Total Equity$1.86B
Preferred Stock$68K
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in ARI's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$9.9B
Liabilities$8.04B
Accounts Receivable$70.83M
Accounts Payable$0
Inventory$0
PP&E (Net)$0
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | 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 |
| Revenue | $710.49M | $701.53M | $777M | $641.34M | $421.23M | $342.84M | $489.05M | $413.6M | $288.17M | $296.76M | $196.89M | $123.35M | $77.31M | $56.45M | $51.09M | $31.97M | $595K |
| YoY Growth | 1.3% | -9.7% | 21.2% | 52.3% | 22.9% | -29.9% | 18.2% | 43.5% | -2.9% | 50.7% | 59.6% | 59.6% | 37.0% | 10.5% | 59.8% | 5273.3% | - |
| Cost of Revenue | $141.72M | $141.14M | $127.23M | $92.19M | $63.37M | $39.75M | $40.73M | $36.42M | $31.65M | $23.39M | $16.62M | $11.96M | $0 | $0 | $0 | $0 | $0 |
| Gross Profit | $568.76M | $560.39M | $649.77M | $549.15M | $357.85M | $303.09M | $448.31M | $377.18M | $256.52M | $273.37M | $180.27M | $111.39M | $77.31M | $56.45M | $51.09M | $31.97M | $595K |
| Gross Margin | 80.1% | 79.9% | 83.6% | 85.6% | 85.0% | 88.4% | 91.7% | 91.2% | 89.0% | 92.1% | 91.6% | 90.3% | 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 |
| Selling, General, and Administrative | $61.58M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other | $42.81M | $142.71M | $182.23M | -$100.52M | -$56.6M | $164.34M | $240.07M | $11.13M | $78.14M | $115.88M | $76.82M | $24.48M | $24.84M | $16.27M | $25.22M | $20.99M | $2.83M |
| Total Operating Expenses | $104.39M | $142.71M | $182.23M | -$100.52M | -$56.6M | $164.34M | $240.07M | $11.13M | $78.14M | $115.88M | $76.82M | $24.48M | $24.84M | $16.27M | $25.22M | $20.99M | $2.83M |
| Operating Income (EBIT) | $464.37M | $417.69M | $467.54M | $649.66M | $414.45M | $138.75M | $208.24M | $366.05M | $178.38M | $157.49M | $103.45M | $86.91M | $52.47M | $40.17M | $25.87M | $10.98M | -$2.24M |
| Operating Margin | 65.4% | 59.5% | 60.2% | 101.3% | 98.4% | 40.5% | 42.6% | 88.5% | 61.9% | 53.1% | 52.5% | 70.5% | 67.9% | 71.2% | 50.6% | 34.4% | -376.0% |
| Interest Expense | $460.09M | $503.95M | $466.11M | $270.52M | $162.52M | $148.89M | $152.93M | $114.6M | $78.06M | $63.76M | $48.86M | $26.54M | $4.36M | $8.4M | $14.45M | $10.71M | $104K |
| Interest Income | $626.78M | $702.93M | $718.28M | $512.1M | $428.12M | $427.57M | $487.41M | $403.89M | $339.46M | $265.47M | $193.4M | $123.38M | $77.48M | $57.09M | $52.93M | $32.5M | $660K |
| Other Income (Expense) | -$337.32M | -$536.93M | -$408.97M | -$384.43M | -$190.94M | -$120.37M | $21.93M | -$146.07M | $14.65M | $385K | -$191K | -$4.17M | $20K | $7K | $13K | $16K | $65K |
| Income Before Tax (EBT) | $127.05M | -$119.24M | $58.57M | $265.23M | $223.51M | $18.38M | $230.17M | $219.99M | $193.03M | $157.88M | $103.26M | $82.74M | $52.48M | $40.18M | $25.88M | $11M | -$2.17M |
| Income Tax Expense | $331K | $394K | $442K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Income | $126.72M | -$119.64M | $58.13M | $265.23M | $223.51M | $18.38M | $230.17M | $219.99M | $193.03M | $157.88M | $103.26M | $82.74M | $52.48M | $40.18M | $25.88M | $11M | -$2.17M |
| Net Income Margin | 17.8% | -17.1% | 7.5% | 41.4% | 53.1% | 5.4% | 47.1% | 53.2% | 67.0% | 53.2% | 52.4% | 67.1% | 67.9% | 71.2% | 50.7% | 34.4% | -365.0% |
| Supplementary Data | |||||||||||||||||
| EPS | 0.81 | -0.97 | 0.29 | 1.77 | 1.48 | 0.01 | 1.41 | 1.52 | 1.54 | 1.73 | 1.53 | 1.72 | 1.26 | 1.64 | 1.35 | 0.87 | -0.21 |
| Diluted EPS | 0.81 | -0.97 | 0.29 | 1.68 | 1.46 | 0.01 | 1.40 | 1.48 | 1.51 | 1.71 | 1.52 | 1.71 | 1.26 | 1.64 | 1.35 | 0.87 | -0.21 |
| Weighted Average OS | 138.87M | 139.67M | 141.28M | 140.53M | 139.87M | 148.00M | 146.88M | 124.15M | 99.86M | 72.37M | 58.67M | 43.46M | 35.21M | 22.65M | 18.84M | 12.59M | 10.50M |
| EBITDA | $598.31M | $396.38M | $532.93M | $536.46M | $388.68M | $180.13M | $383.1M | $345.77M | $277.76M | $226.24M | $155.11M | $111.26M | $57.71M | $50.15M | $49.57M | $27.93M | -$2.07M |
| EBITDA Margin | 84.2% | 56.5% | 68.6% | 83.6% | 92.3% | 52.5% | 78.3% | 83.6% | 96.4% | 76.2% | 78.8% | 90.2% | 74.6% | 88.8% | 97.0% | 87.4% | -347.6% |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | 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 |
| Assets | |||||||||||||||||
| Current Assets | |||||||||||||||||
| Cash and Cash Equivalents | $139.82M | $317.4M | $225.44M | $222.03M | $343.11M | $325.5M | $452.28M | $109.81M | $77.67M | $263.45M | $97.54M | $70.77M | $50.22M | $108.62M | $21.57M | $37.89M | $129.97M |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $139.82M | $317.4M | $225.44M | $222.03M | $343.11M | $325.5M | $452.28M | $109.81M | $77.67M | $263.45M | $97.54M | $70.77M | $50.22M | $108.62M | $21.57M | $37.89M | $129.97M |
| Accounts Receivable | $70.83M | $58.47M | $72.35M | $65.38M | $41.22M | $40.56M | $35.58M | $33.4M | $23.1M | $19.28M | $16.91M | $10.83M | $6.02M | $4.28M | $8.07M | $5.55M | $1.21M |
| Inventory | $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 | -$282.73M | -$114.45M | -$81.6M | -$56.24M | -$112.9M | -$29.64M | -$43.45M | -$131.18M |
| Total Current Assets | $210.66M | $375.87M | $297.79M | $287.41M | $384.32M | $366.06M | $487.86M | $143.21M | $100.77M | $282.73M | $114.45M | $81.6M | $56.24M | $112.9M | $29.64M | $43.45M | $131.18M |
| Long-Term Assets | |||||||||||||||||
| Property, Plant & Equipment Net | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $894.15M | $810.81M | $548.92M | $431.33M | $168.58M | $0 | $0 | $23.7M | $0 | $505.44M | $672.25M | $580.92M | $191.45M | $278.89M | $859.53M | $811.85M | $203.61M |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $8.8B | $7.22B | $8.45B | $8.85B | $7.86B | $6.57B | $6.4B | $4.93B | $3.99B | $2.69B | $1.93B | $1.18B | $659.81M | $396.65M | $2.06M | $2.85M | $344K |
| Total Long-Term Assets | $9.69B | $8.04B | $9B | $9.28B | $8.03B | $6.57B | $6.4B | $4.95B | $3.99B | $3.2B | $2.6B | $1.76B | $851.26M | $675.53M | $861.59M | $814.7M | $203.96M |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $3.48B | $2.71B | $1.85B | $907.5M | $788.43M | $891.23M | $858.15M | $335.14M |
| Total Assets | $9.9B | $8.41B | $9.3B | $9.57B | $8.42B | $6.94B | $6.89B | $5.1B | $4.09B | $3.48B | $2.71B | $1.85B | $907.5M | $788.43M | $891.23M | $858.15M | $335.14M |
| Liabilities | |||||||||||||||||
| Current Liabilities | |||||||||||||||||
| Accounts Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Short-Term Debt | $701.11M | $1B | $864.18M | $451.63M | $1.24B | $501.64M | $812.98M | $779.4M | $0 | $0 | $0 | $850.96M | $47.95M | $179.07M | $332.57M | $242.73M | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $75.97M | $52.37M | $31.84M | $22.52M | $16.19M | $12.22M | $10.25M | $1.64M |
| Total Current Liabilities | $701.11M | $1B | $864.18M | $451.63M | $1.24B | $501.64M | $812.98M | $779.4M | $0 | $0 | $0 | $850.96M | $47.95M | $179.07M | $332.57M | $242.73M | $0 |
| Long-Term Liabilities | |||||||||||||||||
| Long-Term Debt | $7.22B | $5.39B | $6.09B | $6.52B | $4.77B | $4.05B | $3.31B | $1.69B | $1.92B | $1.47B | $1.28B | $107.28M | $154.08M | $46.09M | $209.46M | $297.33M | $128.11M |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $126.86M | $146.91M | $133.17M | $243.58M | $112.38M | $115.73M | $130.49M | $114.55M | $84.72M | $75.97M | $52.37M | $31.84M | $22.52M | $16.35M | $12.22M | $20.25M | $11.73M |
| Total Long-Term Liabilities | $7.34B | $5.53B | $6.22B | $6.76B | $4.88B | $4.17B | $3.45B | $1.81B | $2B | $1.55B | $1.34B | $139.12M | $176.59M | $62.44M | $221.68M | $317.58M | $139.84M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.28B | $107.28M | $154.08M | $46.24M | $209.46M | $307.33M | $138.2M |
| Total Liabilities | $8.04B | $6.54B | $7.09B | $7.21B | $6.12B | $4.67B | $4.26B | $2.59B | $2B | $1.55B | $1.34B | $990.08M | $224.55M | $241.51M | $554.25M | $560.31M | $139.84M |
| Stockholders' Equity | |||||||||||||||||
| Preferred Stock | $68K | $68K | $68K | $68K | $68K | $68K | $68K | $137K | $137K | $184K | $115K | $35K | $35K | $35K | $0 | $0 | $0 |
| Common Stock | $1.39M | $1.38M | $1.41M | $1.41M | $1.4M | $1.39M | $1.53M | $1.34M | $1.07M | $914K | $672K | $469K | $369K | $280K | $206K | $175K | $107K |
| Retained Earnings | -$849.68M | -$822.67M | -$520.24M | -$363.88M | -$427.88M | -$438.72M | -$196.94M | -$130.17M | -$83.14M | -$48.07M | -$32.33M | -$10.48M | -$14.19M | $574K | $0 | $0 | -$2.17M |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$3.81M | -$3.17M | -$2.98M | -$870K | -$30K | $563K | $6.36M | -$1.07M |
| Other Stockholders' Equity | $2.7B | $2.7B | $2.73B | $2.72B | $2.72B | $2.71B | $2.83B | $2.64B | $2.17B | $1.98B | $1.41B | $865.09M | $696.77M | $546.07M | $336.77M | $297.66M | $197.36M |
| Total Equity | $1.86B | $1.87B | $2.21B | $2.35B | $2.29B | $2.27B | $2.63B | $2.51B | $2.09B | $1.93B | $1.38B | $855.07M | $682.96M | $546.92M | $336.98M | $297.84M | $195.3M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $9.9B | $8.41B | $9.3B | $9.57B | $8.42B | $6.94B | $6.89B | $5.1B | $4.09B | $3.48B | $2.71B | $1.85B | $907.5M | $788.43M | $891.23M | $858.15M | $335.14M |
| Supplementary Data | |||||||||||||||||
| Total Debt | $7.92B | $6.39B | $6.95B | $6.97B | $6.01B | $4.55B | $4.13B | $2.47B | $1.92B | $1.47B | $1.28B | $958.24M | $202.03M | $225.16M | $542.03M | $540.06M | $128.11M |
| Net Debt | $7.78B | $6.07B | $6.73B | $6.75B | $5.67B | $4.23B | $3.68B | $2.36B | $1.84B | $1.21B | $1.19B | $887.47M | $151.81M | $116.54M | $520.46M | $502.17M | -$1.86M |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | 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 |
| Operating Activities | |||||||||||||||||
| Net Income | $126.72M | -$122.89M | $58.13M | $261.1M | $223.51M | $18.38M | $230.17M | $219.99M | $193.03M | $157.88M | $103.26M | $82.74M | $52.48M | $40.18M | $25.88M | $11M | -$2.17M |
| Depreciation & Amortization | $11.17M | $11.67M | $8.25M | $704K | $2.65M | $12.86M | $0 | $11.19M | $6.67M | $4.61M | $2.99M | $1.98M | $866K | $1.56M | $9.24M | $6.21M | $0 |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $48.88M | $0 | $22.84M | -$715K | -$9.64M | $12.46M | -$6M | $2.04M | -$9.04M | $0 | $0 | $0 |
| Stock-Based Compensation | $13.63M | $0 | $17.44M | $0 | $17.63M | $16.82M | $15.9M | $8.81M | $10.98M | $4.46M | $4.27M | $698K | $3.46M | $2.85M | $0 | $0 | $0 |
| Changes in Working Capital: | |||||||||||||||||
| Accounts Receivable | $0 | $0 | $0 | $0 | $0 | $0 | $16.47M | $0 | -$3.82M | -$27.77M | -$30.22M | -$16.45M | -$9.49M | $2.3M | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $78.12M | $164.86M | $165.39M | $122.53M | $22.69M | $16.85M | $0 | $0 | $0 |
| Accounts Payable | $7.75M | -$76.31M | -$944K | $12.46M | $4.46M | -$1.7M | $5.06M | $317K | -$3.35M | -$8.5M | $1.41M | $5.21M | $1.28M | -$260K | $339K | $531K | $0 |
| Other Working Capital | $19.07M | $14.53M | $492K | $60.82M | $1.8M | -$5.5M | -$20.32M | -$8.56M | -$84.64M | -$160.95M | -$163.22M | -$121.42M | -$22.5M | -$16.3M | -$2.17M | -$4.01M | $427K |
| Total Working Capital Change | $26.81M | -$61.78M | -$452K | $73.28M | $6.27M | -$7.2M | $1.21M | -$8.24M | -$13.7M | -$32.36M | -$26.64M | -$10.14M | -$8.01M | $2.59M | -$1.83M | -$3.48M | $427K |
| Other Non-Cash Items | -$35.81M | $373.26M | $190.5M | -$67.38M | -$50.68M | $74.32M | $26.15M | $11.38M | -$41.39M | -$6.07M | -$8.22M | -$2.24M | -$4.86M | $1.96M | $2.17M | $2.86M | $453K |
| Net Cash from Operating | $142.52M | $200.26M | $273.86M | $267.7M | $199.38M | $164.05M | $273.44M | $265.96M | $154.87M | $118.88M | $88.12M | $67.04M | $45.98M | $40.1M | $35.46M | $16.59M | -$1.29M |
| Investing Activities | |||||||||||||||||
| Capital Expenditures | -$100.21M | -$169.51M | -$72.63M | -$33.03M | -$133K | $0 | $0 | $0 | -$1.38M | -$1.64M | -$8K | $0 | $0 | $0 | $0 | $0 | $0 |
| Acquisitions | $0 | $0 | $569K | $0 | $0 | $0 | $0 | $0 | $0 | $1.7B | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | -$6.04M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$927K | -$362K | -$4.26M | -$415.31M | -$134.39M | -$70.68M | $0 | -$521.37M | -$154.98M |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $492.67M | $168.78M | $60.08M | $31.55M | $218.48M | $349.87M | $75.69M | $22.99M | $0 |
| Other Investing Activities | -$1.28B | $746.67M | $140.48M | -$1.31B | -$1.36B | -$215.72M | -$1.44B | -$998.92M | -$1.21B | $870.79M | -$846.7M | -$502.93M | -$249.91M | -$86.26M | -$136.57M | -$109.21M | -$50.4M |
| Net Cash from Investing | -$1.39B | $577.17M | $68.42M | -$1.34B | -$1.36B | -$215.72M | -$1.44B | -$998.92M | -$720.71M | $1.04B | -$790.88M | -$886.69M | -$165.82M | $192.93M | -$60.88M | -$607.59M | -$205.38M |
| Financing Activities | |||||||||||||||||
| Debt Repaid | -$1.15B | $594.75M | $110M | -$1.03B | -$1.42B | -$321.78M | -$1.67B | -$759.59M | -$452.1M | $4.37M | $1.25M | -$345.98M | - | $251.33M | $46.01M | -$169.23M | -$128.11M |
| Common Stock Issuance | $0 | $0 | $0 | $0 | $0 | $0 | $315.16M | $275.88M | $279.82M | $178.19M | $343.43M | $158.69M | $148.8M | $124.47M | $49.98M | $110.4M | $208.79M |
| Common Stock Repurchases | $0 | -$40.81M | $0 | $0 | $0 | -$127.99M | $0 | $0 | -$116.99M | $0 | -$1.74M | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | -$141.28M | -$185.95M | -$202.02M | -$200.57M | -$199.65M | -$237.75M | -$269.23M | -$227.22M | -$183.88M | -$132.21M | -$100.85M | -$67.8M | -$55.47M | -$33.89M | -$29.41M | -$14.49M | $0 |
| Other Financing Activities | $64.72M | $144.47M | -$19.07M | $141.37M | -$28.34M | -$17.61M | -$19.02M | -$15.82M | $147.65M | -$4.42M | -$3.89M | $410.76M | -$54.58M | -$69.96M | -$13.44M | -$6.21M | -$256K |
| Net Cash from Financing | $1.06B | -$689.31M | -$343.36M | $957.97M | $1.18B | -$75.12M | $1.5B | $765.09M | $380.06M | -$1.02B | $729.53M | $840.2M | $31.31M | -$145.99M | $9.1M | $498.92M | $336.64M |
| Forex Effect | $2.2M | $3.84M | $4.49M | -$7.4M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | -$177.57M | $91.96M | $3.41M | -$121.08M | $17.61M | -$126.78M | $342.48M | $32.13M | -$185.78M | $133.58M | $26.77M | $20.55M | -$88.52M | $87.05M | -$16.33M | -$92.08M | $129.97M |
| Supplementary Data | |||||||||||||||||
| Operating Cash Flow | $142.52M | $200.26M | $273.86M | $267.7M | $199.38M | $164.05M | $273.44M | $265.96M | $154.87M | $118.88M | $88.12M | $67.04M | $45.98M | $40.1M | $35.46M | $16.59M | -$1.29M |
| Capital Expenditure | -$100.21M | -$169.51M | -$72.63M | -$33.03M | -$133K | $0 | $0 | $0 | -$1.38M | -$1.64M | -$8K | $0 | $0 | $0 | $0 | $0 | $0 |
| Free Cash Flow | $42.31M | $30.75M | $201.23M | $234.67M | $199.25M | $164.05M | $273.44M | $265.96M | $153.49M | $117.24M | $88.11M | $67.04M | $45.98M | $40.1M | $35.46M | $16.59M | -$1.29M |
| Cash at Beginning | $317.4M | $225.44M | $222.03M | $343.11M | $325.5M | $452.28M | $109.81M | $77.67M | $263.45M | $67.42M | $40.64M | $20.1M | $108.62M | $21.57M | $37.89M | $129.97M | $1K |
| Cash at End | $139.82M | $317.4M | $225.44M | $222.03M | $343.11M | $325.5M | $452.28M | $109.81M | $77.67M | $201M | $67.42M | $40.64M | $20.1M | $108.62M | $21.57M | $37.89M | $129.97M |