AVB (AVB)
AvalonBay Communities, Inc.
NYSE:AVBReal Estate · REIT - Residential
+0.08%$184.06
Mkt Cap-
Float138.51M
O/S-
Inst Own-
SI2.0%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$3.04B
Net Income$1.05B
Total Assets$22.19B
Free Cash Flow$1.41B
Debt & Equity
Debt 45%
Equity 55%
Total Debt$9.33B
Total Equity$11.61B
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in AVB's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$22.19B
Liabilities$10.36B
Accounts Receivable$0
Accounts Payable$0
Inventory$0
PP&E (Net)$20.81B
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 | FY 2008 | FY 2007 | FY 2006 | FY 2005 | FY 2004 | FY 2003 | FY 2002 | FY 2001 | FY 2000 | FY 1999 | FY 1998 | FY 1997 | FY 1996 | FY 1995 | FY 1994 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 | 2005-12-31 | 2004-12-31 | 2003-12-31 | 2002-12-31 | 2001-12-31 | 2000-12-31 | 1999-12-31 | 1998-12-31 | 1997-12-31 | 1996-12-31 | 1995-12-31 | 1994-12-31 |
| Revenue | $3.04B | $2.91B | $2.77B | $2.59B | $2.29B | $2.3B | $2.32B | $2.28B | $2.16B | $2.05B | $1.86B | $1.69B | $1.46B | $1B | $900.09M | $842.82M | $829.92M | $814.22M | $766.66M | $721.43M | $655.21M | $648.45M | $609.65M | $533.74M | $523.19M | $573.39M | $505.98M | $371.4M | $178.8M | $82.59M | $55.9M | $32M |
| YoY Growth | 4.3% | 5.3% | 6.7% | 13.0% | -0.3% | -1.0% | 1.8% | 5.8% | 5.5% | 10.2% | 10.1% | 15.2% | 46.2% | 11.2% | 6.8% | 1.6% | 1.9% | 6.2% | 6.3% | 10.1% | 1.0% | 6.4% | 14.2% | 2.0% | -8.8% | 13.3% | 36.2% | 107.7% | 116.5% | 47.8% | 74.7% | - |
| Cost of Revenue | $1B | $1.07B | $988.13M | $919.11M | $853.94M | $823.1M | $768.11M | $766.56M | $722.3M | $683.27M | $642.25M | $589.31M | $511.02M | $356.9M | $335.84M | $334.12M | $327.74M | $322.8M | $302.25M | $217.13M | $197.99M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Gross Profit | $2.04B | $1.84B | $1.78B | $1.67B | $1.44B | $1.48B | $1.56B | $1.52B | $1.44B | $1.36B | $1.21B | $1.1B | $951.9M | $643.72M | $564.25M | $508.7M | $502.18M | $491.43M | $464.41M | $504.3M | $457.22M | $648.45M | $609.65M | $533.74M | $523.19M | $573.39M | $505.98M | $371.4M | $178.8M | $82.59M | $55.9M | $32M |
| Gross Margin | 67.0% | 63.2% | 64.3% | 64.6% | 62.8% | 64.2% | 67.0% | 66.4% | 66.5% | 66.6% | 65.4% | 65.0% | 65.1% | 64.3% | 62.7% | 60.4% | 60.5% | 60.4% | 60.6% | 69.9% | 69.8% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| Research and Development | $0 | $0 | $0 | $16.57M | $3.23M | $12.4M | $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 | $86.68M | $77.7M | $76.53M | $74.06M | $69.61M | $60.34M | $58.04M | $60.37M | $53.7M | $45.77M | $42.77M | $41.42M | $39.57M | $34.1M | $29.37M | $26.85M | $28.75M | $42.78M | $28.49M | $24.77M | $25.76M | $18.07M | $13.73M | $13.45M | $14.71M | $13.01M | $9.59M | $9.12M | $6.31M | $3.9M | $2.5M | $1.6M |
| Other | $1.04B | $846.85M | $816.97M | $798.41M | $755.37M | $694.93M | $661.58M | $631.2M | $584.15M | $531.43M | $477.92M | $442.68M | $560.22M | $243.68M | $226.73M | $220.56M | $204.48M | $181.91M | $168.32M | $227.23M | $220.43M | $412.7M | $521.73M | -$361.5M | $283.2M | $312.23M | $287.98M | $213.5M | -$102.31M | $58.24M | -$33M | -$19.8M |
| Total Operating Expenses | $1.12B | $924.55M | $893.5M | $889.04M | $828.21M | $767.67M | $719.62M | $691.57M | $637.85M | $577.21M | $520.7M | $484.11M | $599.79M | $277.78M | $256.1M | $247.41M | $233.23M | $224.69M | $196.82M | $252M | $246.19M | $430.78M | $535.47M | -$348.05M | $297.9M | $325.25M | $297.57M | $222.62M | -$96M | $62.14M | -$30.5M | -$18.2M |
| Operating Income (EBIT) | $913.86M | $915.75M | $886.28M | $785.29M | $612.7M | $710.49M | $836.9M | $826.41M | $798.48M | $784.78M | $693.09M | $611.65M | $352.11M | $365.94M | $308.15M | $261.29M | $268.95M | $266.74M | $267.6M | $252.3M | $211.03M | $217.68M | $74.18M | $881.79M | $225.29M | $248.15M | $208.41M | $148.78M | $274.8M | $20.46M | $86.4M | $50.2M |
| Operating Margin | 30.1% | 31.4% | 32.0% | 30.3% | 26.7% | 30.9% | 36.0% | 36.2% | 37.0% | 38.4% | 37.3% | 36.3% | 24.1% | 36.6% | 34.2% | 31.0% | 32.4% | 32.8% | 34.9% | 35.0% | 32.2% | 33.6% | 12.2% | 165.2% | 43.1% | 43.3% | 41.2% | 40.1% | 153.7% | 24.8% | 154.6% | 156.9% |
| Interest Expense | $259.18M | $226.59M | $205.99M | $230.07M | $220.41M | $214.15M | $203.59M | $220.97M | $199.66M | $187.51M | $175.62M | $180.62M | $172.4M | $136.92M | $168.18M | $175.21M | $150.32M | $114.88M | $97.55M | $111.05M | $127.1M | $131.31M | $134.91M | $121.38M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Interest Income | $27.48M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $4.86M | $0 | $0 | $1.86M | $1.93M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | $141.6M | $166.87M | $52.31M | $365.79M | $397.39M | $113.97M | -$37.79M | $147.6M | $78.32M | $249.24M | $50.13M | $56.87M | -$294.29M | -$115.51M | -$167.94M | -$169.24M | -$186.25M | -$266.74M | -$19.93M | -$88.78M | -$114.97M | -$217.68M | -$74.18M | -$881.79M | -$225.29M | -$248.15M | -$208.41M | -$148.78M | -$274.8M | -$20.46M | -$86.4M | -$50.2M |
| Income Before Tax (EBT) | $1.06B | $1.08B | $938.59M | $1.15B | $1.01B | $824.46M | $799.11M | $974.17M | $876.66M | $1.03B | $743.59M | $668.52M | $57.83M | $264.76M | $165.94M | $98.07M | $200.83M | $411.49M | $247.67M | $278.4M | $322.38M | $219.75M | $271.52M | $173.62M | $0 | $0 | $0 | $145.09M | $0 | $0 | $0 | $0 |
| Income Tax Expense | -$1.14M | $445K | $10.15M | $14.65M | $5.73M | -$3.25M | $13M | -$160K | $141K | $305K | $1.86M | $9.37M | -$138.06M | -$7.35M | -$105.23M | $97.95M | $113.32M | $227.48M | -$13.49M | -$7.91M | $243.99M | $224.12M | -$26.29M | -$47.09M | $33.27M | $37.55M | $19.35M | $46.66M | $470K | $830K | $74.9M | $42.7M |
| Net Income | $1.05B | $1.08B | $928.83M | $1.14B | $1B | $827.63M | $785.97M | $974.52M | $876.92M | $1.03B | $742.04M | $683.57M | $353.14M | $423.87M | $441.62M | $175.33M | $155.65M | $411.49M | $358.16M | $278.4M | $322.38M | $219.75M | $271.52M | $173.62M | $249M | $210.6M | $172.28M | $94.43M | $38.94M | $19.63M | $11.5M | $7.5M |
| Net Income Margin | 34.6% | 37.1% | 33.6% | 43.8% | 43.8% | 36.0% | 33.8% | 42.7% | 40.6% | 50.6% | 40.0% | 40.6% | 24.1% | 42.4% | 49.1% | 20.8% | 18.8% | 50.5% | 46.7% | 38.6% | 49.2% | 33.9% | 44.5% | 32.5% | 47.6% | 36.7% | 34.0% | 25.4% | 21.8% | 23.8% | 20.6% | 23.4% |
| Supplementary Data | ||||||||||||||||||||||||||||||||
| EPS | 7.40 | 7.61 | 6.57 | 8.13 | 7.19 | 5.89 | 5.64 | 7.05 | 6.36 | 7.53 | 5.54 | 5.22 | 2.78 | 4.34 | 4.89 | 2.08 | 1.94 | 5.22 | 4.44 | 3.48 | 4.14 | 2.95 | 3.80 | 2.26 | 3.08 | 2.58 | 2.05 | 1.87 | 1.60 | 1.02 | 0.91 | 0.65 |
| Diluted EPS | 7.39 | 7.60 | 6.56 | 8.11 | 7.17 | 5.88 | 5.63 | 7.05 | 6.35 | 7.52 | 5.51 | 5.21 | 2.78 | 4.32 | 4.87 | 2.07 | 1.93 | 5.17 | 4.38 | 3.42 | 4.05 | 2.92 | 3.73 | 2.23 | 3.02 | 2.53 | 2.03 | 1.84 | 1.59 | 1.02 | 0.91 | 0.65 |
| Weighted Average OS | 140.83M | 142.00M | 141.31M | 139.63M | 139.39M | 140.09M | 139.42M | 138.25M | 137.91M | 137.27M | 133.89M | 130.88M | 126.86M | 97.42M | 89.92M | 83.86M | 79.95M | 76.78M | 78.68M | 74.13M | 72.95M | 71.54M | 68.63M | 68.90M | 67.84M | 66.21M | 64.63M | 51.02M | 28.25M | 15.06M | 12.64M | 11.54M |
| EBITDA | $2.23B | $2.16B | $1.96B | $2.2B | $1.99B | $1.75B | $1.66B | $1.83B | $1.66B | $1.75B | $1.4B | $1.29B | $790.44M | $477.43M | $410.41M | $494.62M | $487.24M | $466.19M | $449.32M | $416.43M | $392.35M | $385.28M | $232.16M | $1.03B | $362.69M | $374.18M | $322.13M | $229.41M | $305.9M | $39.15M | $100.1M | $58.6M |
| EBITDA Margin | 73.3% | 74.0% | 70.9% | 84.7% | 86.7% | 75.9% | 71.6% | 79.9% | 76.9% | 85.7% | 75.3% | 76.7% | 54.0% | 47.7% | 45.6% | 58.7% | 58.7% | 57.3% | 58.6% | 57.7% | 59.9% | 59.4% | 38.1% | 193.8% | 69.3% | 65.3% | 63.7% | 61.8% | 171.1% | 47.4% | 179.1% | 183.1% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 | FY 2005 | FY 2004 | FY 2003 | FY 2002 | FY 2001 | FY 2000 | FY 1999 | FY 1998 | FY 1997 | FY 1996 | FY 1995 | FY 1994 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 | 2005-12-31 | 2004-12-31 | 2003-12-31 | 2002-12-31 | 2001-12-31 | 2000-12-31 | 1999-12-31 | 1998-12-31 | 1997-12-31 | 1996-12-31 | 1995-12-31 | 1994-12-31 |
| Assets | ||||||||||||||||||||||||||||||||
| Current Assets | ||||||||||||||||||||||||||||||||
| Cash and Cash Equivalents | $187.23M | $108.58M | $397.89M | $613.19M | $420.25M | $216.98M | $39.69M | $91.66M | $67.09M | $214.99M | $400.51M | $509.46M | $281.54M | $2.73B | $616.89M | $306.43M | $316.37M | $259.31M | $21.22M | $145.56M | $54.37M | $14.66M | $19.02M | $23.6M | $122.95M | $73.97M | $16.42M | $16.39M | $3.19M | $920K | $0 | $0 |
| Short-Term Investments | $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 | $187.23M | $108.58M | $397.89M | $613.19M | $420.25M | $216.98M | $39.69M | $91.66M | $67.09M | $214.99M | $400.51M | $509.46M | $281.54M | $2.73B | $616.89M | $306.43M | $316.37M | $259.31M | $21.22M | $145.56M | $54.37M | $14.66M | $19.02M | $23.6M | $122.95M | $73.97M | $16.42M | $16.39M | $3.19M | $920K | $0 | $0 |
| Accounts Receivable | $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 |
| 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 |
| Other Current Assets | $0 | $158.5M | $133.07M | $84.24M | $123.54M | $96.56M | $87.93M | $126.2M | $134.82M | $114.98M | $104.82M | $95.63M | $98.56M | $49.95M | $73.4M | $173.34M | $210.68M | $192.68M | $188.26M | $81.35M | -$101.6M | -$66.73M | -$61.91M | -$55.61M | -$170.13M | -$113.66M | -$42.65M | -$41.92M | -$3.19M | -$920K | $0 | $0 |
| Total Current Assets | $187.23M | $267.08M | $530.96M | $734.25M | $577.54M | $344.34M | $161.84M | $249.68M | $234.59M | $362.05M | $535.4M | $634.7M | $406.59M | $2.81B | $713.85M | $477.75M | $316.37M | $257.62M | $208.53M | $144.2M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Assets | ||||||||||||||||||||||||||||||||
| Property, Plant & Equipment Net | $20.81B | $154.65M | $134.67M | $143.33M | $146.6M | $155.27M | $124.96M | $17.59B | $17.65B | $16.93B | $15.44B | $14.58B | $13.73B | $7.36B | $7.43B | $6.96B | $6.83B | $6.65B | $6.3B | $5.48B | $4.95B | $4.88B | $4.74B | $4.79B | $4.39B | $4.2B | $4.04B | $3.89B | $1.29B | $697.79M | $463.7M | $375.8M |
| Goodwill | $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 |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $193.44M | $227.32M | $220.15M | $212.08M | $216.39M | $202.61M | $165.81M | $217.43M | $163.47M | $175.12M | $216.92M | $298.31M | $367.87M | $129.35M | $144.56M | $121.54M | $74.57M | $55.02M | $57.99M | $42.72M | $41.94M | $41.38M | $19.73M | $14.59M | $15.07M | $12.21M | $8.1M | $9.19M | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $165.85M | $20.35B | $19.79B | $19.37B | $18.96B | $18.5B | $18.67B | $17.91B | $18.02B | $17.33B | $16.18B | $15.21B | $14.55B | $8.22B | $198.95M | $370.39M | $357.37M | $211.97M | $172.78M | $311.28M | -$4.99B | -$4.92B | -$4.76B | -$4.8B | -$4.41B | -$4.21B | -$4.05B | -$3.88B | -$1.29B | -$697.79M | -$463.7M | -$375.8M |
| Total Long-Term Assets | $21.17B | $20.73B | $20.15B | $19.72B | $19.32B | $18.85B | $18.96B | $18.13B | $18.18B | $17.51B | $16.4B | $15.51B | $14.92B | $8.35B | $7.77B | $7.34B | $7.14B | $6.92B | $6.53B | $5.7B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Assets | $839.37M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $5.17B | $5.07B | $4.91B | $4.95B | $4.66B | $4.4B | $4.15B | $4.01B | $1.32B | $711.91M | $477.2M | $390M |
| Total Assets | $22.19B | $21B | $20.68B | $20.46B | $19.9B | $19.2B | $19.12B | $18.38B | $18.41B | $17.87B | $16.93B | $16.18B | $15.33B | $11.16B | $8.48B | $7.82B | $7.46B | $7.17B | $6.74B | $5.81B | $5.17B | $5.07B | $4.91B | $4.95B | $4.66B | $4.4B | $4.15B | $4.03B | $1.32B | $711.91M | $477.2M | $390M |
| Liabilities | ||||||||||||||||||||||||||||||||
| Current Liabilities | ||||||||||||||||||||||||||||||||
| Accounts Payable | $0 | $85.95M | $87.7M | $72.8M | $63.72M | $93.61M | $92.14M | $96.98M | $85.38M | $101M | $98.8M | $101.92M | $94.63M | $52.9M | $36.84M | $34.43M | $49.62M | $64.36M | $91.28M | $59.23M | $62.85M | $23M | $26.91M | $29.77M | $43.66M | $52.83M | $47.01M | $68.81M | $7.73M | $5.45M | $0 | $0 |
| Short-Term Debt | $739.61M | $0 | $162K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $178.6M | $329M | $0 | $0 | $0 | $0 |
| 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 |
| Current 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 |
| Other Current Liabilities | $0 | $0 | $0 | $0 | $304K | $311K | $375K | $150K | $0 | $808K | $553K | $2M | $15.85M | $10.49M | $36.74M | $0 | $0 | $0 | $0 | $0 | -$199.89M | -$113.24M | -$117.65M | -$124.28M | -$131.5M | -$133.23M | -$297.85M | -$460.54M | -$20.32M | -$14.39M | $0 | $0 |
| Total Current Liabilities | $739.61M | $746.28M | $694.55M | $659.11M | $635.72M | $642.55M | $629.09M | $645.67M | $632.78M | $600.19M | $570.7M | $542.88M | $532.15M | $424.18M | $438.27M | $273.88M | $390.43M | $523.5M | $431.01M | $348.86M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Liabilities | ||||||||||||||||||||||||||||||||
| Long-Term Debt | $8.59B | $8.08B | $7.98B | $8.32B | $8.1B | $7.56B | $7.3B | $7.04B | $7.33B | $7.03B | $6.46B | $6.49B | $6.13B | $3.85B | $3.6B | $4.01B | $4.01B | $3.65B | $3.16B | $2.8B | $2.37B | $2.44B | $2.34B | $2.43B | $2.08B | $1.73B | $1.42B | $1.16B | $487.5M | $273.69M | $227.8M | $181.7M |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $61.75M | $58.41M | $58.47M | $57.02M | $53.13M | $48.83M | $44.59M | $37.05M | $35.97M | $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 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $0 | $62.83M | $63.81M | $63.7M | $59.79M | $55.93M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $211.1M | $2.73M | $69.78M | $97.6M | $106.75M | -$2.37B | -$2.44B | -$2.34B | -$2.43B | -$2.08B | -$1.73B | -$1.42B | -$1.16B | -$487.5M | -$273.69M | -$227.8M | -$181.7M |
| Total Long-Term Liabilities | $8.59B | $8.31B | $8.2B | $8.54B | $8.33B | $7.8B | $7.5B | $7.1B | $7.39B | $7.09B | $6.51B | $6.54B | $6.18B | $3.89B | $3.64B | $4.22B | $4.01B | $3.72B | $3.26B | $2.91B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Liabilities | $1.03B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2.6B | $2.66B | $2.57B | $2.72B | $2.29B | $1.91B | $1.75B | $1.66B | $515.9M | $292.63M | $239.6M | $193.3M |
| Total Liabilities | $10.36B | $9.06B | $8.89B | $9.2B | $8.97B | $8.44B | $8.13B | $7.74B | $8.02B | $7.69B | $7.08B | $7.12B | $6.71B | $4.31B | $4.07B | $4.49B | $4.4B | $4.25B | $3.69B | $3.17B | $2.6B | $2.66B | $2.57B | $2.68B | $2.29B | $1.91B | $1.75B | $1.66B | $515.82M | $292.63M | $239.6M | $193.3M |
| Stockholders' Equity | ||||||||||||||||||||||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $40K | $40K | $40K | $40K | $40K | $73K | $96K | $183K | $183K | $183K | $83K | $27K | $0 | $0 |
| Common Stock | $1.4M | $1.42M | $1.42M | $1.4M | $1.4M | $1.4M | $1.41M | $1.39M | $1.38M | $1.37M | $1.37M | $1.32M | $1.29M | $1.14M | $952K | $859K | $815K | $771K | $773K | $747K | $737K | $726K | $709K | $682K | $687K | $672K | $658K | $639K | $261K | $190K | $0 | $0 |
| Retained Earnings | $371.16M | $591.25M | $478.16M | $485.22M | $240.82M | $126.02M | $282.91M | $350.78M | $188.61M | $94.9M | -$197.99M | -$267.08M | -$345.25M | -$142.33M | -$171.65M | -$282.74M | -$149.99M | -$21.94M | $2.5M | $151.71M | $115.79M | $10.77M | $2.02M | -$51.85M | -$3.5M | -$47.84M | -$69.51M | -$80.34M | -$31.17M | -$23.66M | -$13.7M | -$6.4M |
| Comprehensive Income & Other | $0 | $34.3M | $16.12M | $1.42M | -$26.11M | -$40.25M | -$31.5M | -$26.14M | -$37.42M | -$30.51M | -$31.39M | -$42.52M | -$48.63M | -$108.01M | -$87.02M | -$1.18M | -$1.07M | -$2.93M | -$3.37M | -$3.58M | -$4.47M | -$7.1M | -$8.21M | -$12.64M | -$8.48M | -$316.05M | -$206.96M | -$143.13M | -$79.03M | -$52.55M | $0 | $0 |
| Other Stockholders' Equity | $11.24B | $11.35B | $11.3B | $10.77B | $10.69B | $10.62B | $10.71B | $10.28B | $10.2B | $10.08B | $10.04B | $9.31B | $8.94B | $6.98B | $4.57B | $3.59B | $3.2B | $2.94B | $3.02B | $2.42B | $2.43B | $2.37B | $2.31B | $2.25B | $2.32B | $2.49B | $2.44B | $2.39B | $823.61M | $435.75M | $251.3M | $203.1M |
| Total Equity | $11.61B | $11.94B | $11.78B | $11.25B | $10.93B | $10.75B | $10.99B | $10.63B | $10.39B | $10.17B | $9.84B | $9.05B | $8.6B | $6.84B | $4.39B | $3.31B | $3.05B | $2.92B | $3.03B | $2.57B | $2.54B | $2.39B | $2.31B | $2.19B | $2.31B | $2.44B | $2.37B | $2.31B | $792.7M | $412.28M | $237.6M | $196.7M |
| Minority Interest | $222.98M | $0 | $1.47M | $2.76M | $3.93M | $3.27M | $3.9M | $3.24M | $6.06M | $7.77M | $10M | $12.77M | $20.91M | $10.61M | $14.21M | $19.23M | $5.8M | $10.23M | $23.15M | $18.31M | $19.46M | $21.52M | $24.75M | $39.19M | $55.19M | $49.5M | $35.38M | $32.21M | $9.1M | $7M | $0 | $0 |
| Total Liabilities and Equity | $21.97B | $21B | $20.68B | $20.46B | $19.9B | $19.2B | $19.12B | $18.38B | $18.41B | $17.86B | $16.92B | $16.16B | $15.31B | $11.15B | $8.47B | $7.8B | $7.45B | $7.16B | $6.71B | $5.74B | $5.15B | $5.05B | $4.88B | $4.87B | $4.61B | $4.35B | $4.12B | $3.97B | $1.31B | $704.91M | $477.2M | $390M |
| Supplementary Data | ||||||||||||||||||||||||||||||||
| Total Debt | $9.33B | $8.25B | $8.14B | $8.48B | $8.27B | $7.75B | $7.44B | $7.04B | $7.33B | $7.03B | $6.46B | $6.49B | $6.13B | $3.85B | $3.6B | $4.01B | $4.01B | $3.65B | $3.16B | $2.8B | $2.37B | $2.44B | $2.34B | $2.43B | $2.08B | $1.73B | $1.59B | $1.48B | $487.5M | $273.69M | $227.8M | $181.7M |
| Net Debt | $9.14B | $8.14B | $7.74B | $7.87B | $7.85B | $7.53B | $7.4B | $6.95B | $7.26B | $6.82B | $6.06B | $5.98B | $5.85B | $1.12B | $2.98B | $3.7B | $3.9B | $3.59B | $3.14B | $2.79B | $2.31B | $2.43B | $2.32B | $2.41B | $1.96B | $1.66B | $1.58B | $1.47B | $484.31M | $272.77M | $227.8M | $181.7M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 | FY 2005 | FY 2004 | FY 2003 | FY 2002 | FY 2001 | FY 2000 | FY 1999 | FY 1998 | FY 1997 | FY 1996 | FY 1995 | FY 1994 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 | 2005-12-31 | 2004-12-31 | 2003-12-31 | 2002-12-31 | 2001-12-31 | 2000-12-31 | 1999-12-31 | 1998-12-31 | 1997-12-31 | 1996-12-31 | 1995-12-31 | 1994-12-31 |
| Operating Activities | ||||||||||||||||||||||||||||||||
| Net Income | $1.05B | $1.08B | $928.44M | $1.14B | $1B | $827.71M | $786.1M | $974.17M | $876.66M | $1.03B | $741.73M | $697.33M | $366.27M | $427.63M | $441.37M | $174.08M | $154.27M | $411.49M | $358.16M | $278.4M | $322.38M | $219.75M | $271.52M | $173.62M | $249M | $210.6M | $172.28M | $94.43M | $38.94M | $20.14M | $11.5M | $7.5M |
| Depreciation & Amortization | $913.38M | $846.85M | $816.97M | $814.98M | $758.6M | $707.33M | $661.58M | $631.2M | $584.15M | $531.43M | $477.92M | $442.68M | $560.22M | $243.68M | $246.67M | $232.57M | $218.29M | $199.45M | $181.72M | $164.13M | $163.3M | $167.6M | $157.98M | $152.49M | $137.4M | $126.03M | $113.72M | $80.63M | $31.1M | $18.69M | $13.7M | $8.4M |
| Deferred Income Tax | $0 | $0 | $0 | $0 | -$607.84M | -$330.16M | -$152.88M | -$354.93M | -$260.43M | -$424.47M | -$184.89M | -$243.75M | -$171.05M | -$153.57M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $26.46M | $25.37M | $27.14M | $33.86M | $25.5M | $21.6M | $25.62M | $20.28M | $17.92M | $15.08M | $15.32M | $13.93M | $15.16M | $8.71M | $0 | $5.94M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | ||||||||||||||||||||||||||||||||
| Accounts Receivable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$3.04M | $4.59M | -$10.53M | -$7.03M | $18.54M | -$20.39M | -$19.91M | -$600K | -$2.4M | -$7.3M | -$2.6M | $600K | -$1.3M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $458.62M | $270.38M | $252.43M | $248.38M | $306.53M | $251.54M | $220.78M | $200.8M | $227.16M | $32.98M | $24.8M | $0 | $0 |
| Accounts Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $15.66M | $9.78M | $21.96M | -$4.6M | $2.99M | $4.92M | $15.69M | $11.4M | $23M | $5.7M | $3.6M | -$800K | -$600K |
| Other Working Capital | $13.72M | $6.76M | $17.8M | $10.01M | $10M | -$25.46M | -$10.5M | $20.25M | $35.83M | -$2.81M | $24.06M | $3.57M | -$23.15M | $205K | -$3.65M | -$16.35M | $11.81M | -$18.27M | $60.09M | -$446M | -$256M | -$241M | -$260M | -$285M | -$267M | -$225M | -$190M | -$207M | -$38M | -$26M | -$200K | -$1.9M |
| Total Working Capital Change | $13.72M | $6.76M | $17.8M | $10.01M | $10M | -$25.46M | -$10.5M | $20.25M | $35.83M | -$2.81M | $24.06M | $3.57M | -$23.15M | $205K | -$3.65M | -$16.35M | $11.81M | -$18.27M | $60.09M | $25.24M | $28.75M | $22.86M | -$23.24M | $43.05M | -$30.92M | -$8.44M | $21.6M | $40.76M | -$6.62M | -$204K | -$400K | -$3.8M |
| Other Non-Cash Items | -$324.28M | -$353.29M | -$230.31M | -$573.36M | $12.55M | $18.6M | $11.88M | $10.14M | $2.13M | -$9.46M | -$17.39M | -$27.12M | -$22.95M | $14.17M | -$255M | -$64.13M | -$5.77M | -$205.81M | -$144.15M | -$115.82M | -$207.78M | -$134.53M | -$166.45M | -$61.05M | -$46.75M | -$33.37M | -$57.53M | -$24.6M | $1.43M | $1.6M | -$2.2M | $1.9M |
| Net Cash from Operating | $1.68B | $1.61B | $1.56B | $1.42B | $1.2B | $1.22B | $1.32B | $1.3B | $1.26B | $1.14B | $1.06B | $886.64M | $724.5M | $540.82M | $429.39M | $332.11M | $378.6M | $386.86M | $455.82M | $351.94M | $306.64M | $275.68M | $239.81M | $308.11M | $308.72M | $294.82M | $250.07M | $191.23M | $64.85M | $40.22M | $22.6M | $14M |
| Investing Activities | ||||||||||||||||||||||||||||||||
| Capital Expenditures | -$264.94M | -$198.03M | -$197.27M | -$174.71M | -$153.24M | -$137.04M | -$140.89M | -$86.93M | -$73.99M | -$72.85M | -$55.87M | -$52.83M | -$26.61M | -$26.53M | -$688.57M | -$462.24M | -$586.84M | -$902.33M | -$1.14B | -$832.34M | -$899.66M | -$982.2M | -$726.91M | -$1.08B | -$484.6M | -$432.41M | -$516.26M | -$718.34M | -$1.15B | -$289.42M | -$104.7M | -$122.9M |
| Acquisitions | $0 | -$14.18M | -$18.86M | -$14.27M | -$53.54M | -$68K | -$10.18M | -$11.02M | $503.04M | $532.72M | $282.16M | $297.47M | $16.16M | $6.59M | -$46.27M | $17.19M | $0 | $0 | $0 | -$74.92M | $0 | -$128.24M | $0 | -$106.3M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | -$1.96B | $0 | $0 | -$1.5B | -$1.48B | -$880.25M | -$1.48B | -$1.49B | -$1.48B | -$1.63B | $0 | $0 | $0 | $0 | -$1.7M | -$73.04M | $0 | $0 | -$15.13M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$437K | $0 | $0 | $0 | $0 |
| Sales of Investments | $814.47M | $0 | $0 | $1.06B | $977.2M | $825.23M | $424.82M | $936.45M | $503.04M | $532.72M | $0 | $0 | $0 | $0 | $14.11M | $42.33M | $77.75M | $133.26M | $0 | $0 | $469.74M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $17.5M | $0 |
| Other Investing Activities | $6.31M | -$784.66M | -$712.82M | $74.81M | $86.82M | $12.7M | $15.79M | -$498.7M | -$1.39B | -$1.5B | -$1.43B | -$1.06B | -$1.17B | -$603.44M | $279.29M | $176.82M | $175.53M | $502.76M | $347.59M | $395.89M | $410.16M | $858.75M | $760.84M | $744.3M | $225.21M | $149.82M | $251.64M | $99.55M | $573.1M | $72.42M | $0 | -$66.5M |
| Net Cash from Investing | -$1.4B | -$996.86M | -$928.96M | -$560.42M | -$624.05M | -$179.43M | -$1.19B | -$596.65M | -$965.38M | -$1.04B | -$1.2B | -$816.76M | -$1.18B | -$623.39M | -$443.14M | -$298.94M | -$333.56M | -$266.31M | -$809.25M | -$511.37M | -$19.76M | -$251.68M | $33.94M | -$440.33M | -$259.39M | -$282.58M | -$264.62M | -$619.23M | -$577.17M | -$217M | -$87.2M | -$189.4M |
| Financing Activities | ||||||||||||||||||||||||||||||||
| Debt Repaid | -$1.23B | -$89M | $397.24M | -$205.23M | -$526.93M | -$262.19M | -$252.48M | -$80.28M | -$271.65M | -$450.01M | -$19.48M | -$420.14M | $1.38B | -$208.99M | $390.07M | -$91.1M | -$183.35M | -$350.05M | -$286.37M | -$383.96M | $100.86M | -$132.16M | -$54.9M | -$354.49M | -$352.85M | -$310.45M | -$267.41M | -$343.17M | -$96.6M | $480K | -$35.5M | $11.6M |
| Common Stock Issuance | $86.64M | $10.54M | $496.71M | $20.02M | $31.87M | $3.46M | $409.73M | $52.26M | $111.09M | $15.53M | $690.18M | $346.13M | $4.7M | $2.43B | $1.05B | $381.37M | $108.86M | $7.43M | $621.03M | $26.55M | $36.61M | $54.03M | $146.93M | $22.3M | $50.91M | $36.2M | $53.27M | $137.17M | $231.9M | $184.25M | $48.3M | $200M |
| Common Stock Repurchases | -$488.12M | $0 | -$1.91M | $0 | $0 | -$183.88M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$142.16M | -$257.93M | $0 | $0 | $0 | -$203.6M | -$49.76M | -$219M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | -$992.33M | -$961.91M | -$922.66M | -$889.61M | -$888.34M | -$883.21M | -$839.65M | -$805.24M | -$772.66M | -$726.75M | -$655.25M | -$593.64M | -$526.05M | -$365.57M | -$318.23M | -$298.09M | -$283.71M | -$279.19M | -$271.04M | -$234.96M | -$215.39M | -$209.09M | -$202.42M | -$207.45M | -$203.21M | -$185.51M | -$172.33M | -$129.66M | -$42.8M | -$26.05M | -$17.8M | -$9.5M |
| Other Financing Activities | -$26.24M | -$12.51M | -$9.25M | $30.31M | -$19.32M | -$34.45M | -$40.75M | -$15.8M | $110.52M | -$30.43M | -$28.92M | $331.73M | -$98.64M | -$73.94M | -$15.3M | -$6.81M | -$57K | -$11.25M | -$12.07M | -$580K | -$2.65M | -$6.56M | -$157.02M | -$61.38M | -$15.13M | $54.84M | $15.33M | -$153.48M | -$36.91M | -$200K | -$4.4M | -$100K |
| Net Cash from Financing | -$192.73M | -$874.9M | -$834.36M | -$671.06M | -$348.86M | -$854.26M | -$218.19M | -$688.5M | -$418.95M | -$291.64M | $33.81M | $158.22M | -$2B | $2.2B | $326.23M | $167.56M | -$4.29M | -$75.11M | $366.36M | $162.28M | -$282.29M | -$29.47M | -$279.46M | $72.59M | -$33.58M | $37.38M | $13.28M | $433.7M | $514.59M | $176.02M | $61.6M | $178.8M |
| 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 | $0 | $64.6M | $175.4M |
| Net Change in Cash | $86.01M | -$263.88M | -$203.28M | $190.46M | $230.26M | $185.92M | -$90.25M | $15.96M | -$128.07M | -$185.51M | -$108.95M | $228.1M | -$2.45B | $2.12B | $312.48M | $200.74M | $40.76M | $45.44M | $12.94M | $2.85M | $4.58M | -$5.48M | -$5.71M | -$59.63M | $15.75M | $49.61M | -$1.27M | $5.7M | $2.27M | -$757K | $61.6M | $178.8M |
| Supplementary Data | ||||||||||||||||||||||||||||||||
| Operating Cash Flow | $1.68B | $1.61B | $1.56B | $1.42B | $1.2B | $1.22B | $1.32B | $1.3B | $1.26B | $1.14B | $1.06B | $886.64M | $724.5M | $540.82M | $429.39M | $332.11M | $378.6M | $386.86M | $455.82M | $351.94M | $306.64M | $275.68M | $239.81M | $308.11M | $308.72M | $294.82M | $250.07M | $191.23M | $64.85M | $40.22M | $22.6M | $14M |
| Capital Expenditure | -$264.94M | -$198.03M | -$197.27M | -$174.71M | -$153.24M | -$137.04M | -$140.89M | -$86.93M | -$73.99M | -$72.85M | -$55.87M | -$52.83M | -$26.61M | -$26.53M | -$688.57M | -$462.24M | -$586.84M | -$902.33M | -$1.14B | -$832.34M | -$899.66M | -$982.2M | -$726.91M | -$1.08B | -$484.6M | -$432.41M | -$516.26M | -$718.34M | -$1.15B | -$289.42M | -$104.7M | -$122.9M |
| Free Cash Flow | $1.41B | $1.41B | $1.36B | $1.25B | $1.05B | $1.08B | $1.18B | $1.21B | $1.18B | $1.07B | $1B | $833.82M | $697.89M | $514.29M | -$259.18M | -$130.13M | -$208.24M | -$515.47M | -$685.88M | -$480.39M | -$593.02M | -$706.52M | -$487.09M | -$770.22M | -$175.88M | -$137.59M | -$266.19M | -$527.11M | -$1.09B | -$249.2M | -$82.1M | -$108.9M |
| Cash at Beginning | $267.08M | $530.96M | $734.25M | $543.79M | $313.53M | $127.61M | $217.86M | $201.91M | $329.98M | $400.51M | $509.46M | $281.36M | $2.73B | $616.85M | $304.41M | $105.69M | $64.94M | $20.27M | $8.28M | $5.71M | $1.52M | $7.06M | $12.91M | $72.99M | $57.23M | $7.62M | $8.89M | $3.19M | $920K | $1.68M | $4.7M | $1.3M |
| Cash at End | $353.08M | $267.08M | $530.96M | $734.25M | $543.79M | $313.53M | $127.61M | $217.86M | $201.91M | $214.99M | $400.51M | $509.46M | $281.54M | $2.73B | $616.89M | $306.43M | $105.69M | $65.71M | $21.22M | $8.57M | $6.11M | $1.58M | $7.2M | $13.36M | $72.99M | $57.23M | $7.62M | $8.89M | $3.19M | $920K | $66.3M | $180.1M |