BRANDYWINE REALTY TRUST (BDN)
Brandywine Realty Trust (NYSE: BDN) is a prominent, publicly traded Real Estate Investment Trust (REIT) operating across the United States. The company stands as a full-service, integrated real estate enterprise, primarily concentrating its operations in key markets such as Philadelphia, Austin, and Washington, D.C. Brandywine actively acquires, develops, leases, and manages a diverse portfolio of urban, town center, and transit-oriented properties. As of December 31, 2020, this extensive portfolio comprised approximately 175 properties, totaling 24.7 million square feet, a figure which excludes assets held for sale. At its core, Brandywine aims to shape, connect, and inspire the environment around it, achieving this through its specialized expertise, the robust relationships it cultivates, its engagement with the communities it serves, and the lasting legacy it collectively builds.
Sector: Real Estate Investment Trusts
Industry: REIT - Office
Brandywine Realty Trust
NYSE:BDNReal Estate · REIT - Office
+0.00%$2.95
AH Close$2.95+0.00%vs close
AH Close$2.95+0.00%vs close
Mkt Cap$494.83M
Float171.1M
O/S167.74M
Inst Own76.4%
SI6.3%
Div Yield10.85%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$484.45M
Net Income-$179.48M
Total Assets$3.59B
Free Cash Flow$3.31M
Debt & Equity
Debt 76%
Equity 24%
Total Debt$2.58B
Total Equity$792.73M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in BDN's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$3.59B
Liabilities$2.79B
Accounts Receivable$204.81M
Accounts Payable$143.83M
Inventory$0
PP&E (Net)$0
Goodwill$0
Intangible Assets$22.43M
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 | FY 2005 | FY 2004 | FY 2003 | FY 2002 | FY 2001 | FY 2000 | FY 1999 | FY 1998 | FY 1997 | FY 1996 | FY 1995 | FY 1994 | FY 1993 | FY 1992 | FY 1991 | FY 1990 | FY 1989 | FY 1988 | FY 1987 | FY 1986 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 | 2005-12-31 | 2004-12-31 | 2003-12-31 | 2002-12-31 | 2001-12-31 | 2000-12-31 | 1999-12-31 | 1998-12-31 | 1997-12-31 | 1996-12-31 | 1995-12-31 | 1994-12-31 | 1993-12-31 | 1992-12-31 | 1991-12-31 | 1990-12-31 | 1989-12-31 | 1988-12-31 | 1987-12-31 | 1986-12-31 |
| Revenue | $484.45M | $505.52M | $514.65M | $506.1M | $486.82M | $534.85M | $580.42M | $544.35M | $520.49M | $525.46M | $602.63M | $596.98M | $562.21M | $535.68M | $538.57M | $540.43M | $575.06M | $580.93M | $622.9M | $662.8M | $391.46M | $323.59M | $305.66M | $296.73M | $310.82M | $287.08M | $283.22M | $192.86M | $61.06M | $10.03M | $3.67M | $5.6M | $3M | $300K | $100K | $100K | $100K | $300K | $1.6M | $900K |
| YoY Growth | -4.2% | -1.8% | 1.7% | 4.0% | -9.0% | -7.9% | 6.6% | 4.6% | -0.9% | -12.8% | 0.9% | 6.2% | 5.0% | -0.5% | -0.3% | -6.0% | -1.0% | -6.7% | -6.0% | 69.3% | 21.0% | 5.9% | 3.0% | -4.5% | 8.3% | 1.4% | 46.9% | 215.9% | 508.8% | 173.6% | -34.5% | 86.7% | 900.0% | 200.0% | 0.0% | 0.0% | -66.7% | -81.3% | 77.8% | - |
| Cost of Revenue | $538.05M | $187.33M | $189.95M | $194.4M | $188.31M | $205.46M | $225.85M | $218.02M | $206M | $209.45M | $238.09M | $235.97M | $221.77M | $210.85M | $233.81M | $230.46M | $230.26M | $224.6M | $238.77M | $82.21M | $39.41M | $31.06M | $0 | $25.85M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Gross Profit | -$53.6M | $318.19M | $324.7M | $311.7M | $298.51M | $329.4M | $354.57M | $326.32M | $314.49M | $316.01M | $364.54M | $361.02M | $340.44M | $339.44M | $347.99M | $319.35M | $344.8M | $356.33M | $384.13M | $580.59M | $352.05M | $292.53M | $277.74M | $270.88M | $310.82M | $287.08M | $283.22M | $192.86M | $61.06M | $10.03M | $3.67M | $5.6M | $3M | $300K | $100K | $100K | $100K | $300K | $1.6M | $900K |
| Gross Margin | -11.1% | 62.9% | 63.1% | 61.6% | 61.3% | 61.6% | 61.1% | 59.9% | 60.4% | 60.1% | 60.5% | 60.5% | 60.6% | 63.4% | 64.6% | 59.1% | 60.0% | 61.3% | 61.7% | 87.6% | 89.9% | 90.4% | 90.9% | 91.3% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 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 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $42.03M | $42.78M | $34.86M | $35.01M | $30.15M | $30.29M | $32.16M | $27.8M | $28.54M | $26.6M | $29.41M | $26.78M | $27.63M | $25.41M | $24.6M | $23.31M | $20.82M | $23M | $28.18M | $29.64M | $17.98M | $15.1M | $14.46M | $14.8M | $15.18M | $4.25M | $1.8M | $1.71M | $659K | $1.13M | $729K | $800K | $600K | $300K | $100K | $100K | $100K | $0 | $0 | $0 |
| Other | -$176.43M | $220.53M | $311.42M | $156.96M | $175.06M | -$101.38M | $207.63M | $229.81M | $179.36M | $189.68M | $295.83M | $210.33M | $197.02M | $188.38M | $202.93M | $203.34M | $208.59M | $210.29M | $506.7M | $504.86M | $266.17M | $176.85M | $138.48M | $160.2M | $186.5M | $170.93M | $176.29M | $94.57M | $38.03M | $6.24M | $4.55M | $4.8M | $2.4M | -$300K | -$6.9M | -$100K | -$6M | $300K | -$100K | $900K |
| Total Operating Expenses | -$134.4M | $263.31M | $346.29M | $191.97M | $205.21M | -$71.09M | $239.78M | $202.06M | $207.9M | $216.27M | $248.44M | $235.35M | $224.65M | $213.79M | $227.53M | $226.65M | $226.68M | $233.29M | $251.16M | $534.51M | $265.88M | $191.95M | $152.94M | $155.83M | $201.68M | $175.18M | $178.13M | $118.95M | $38.69M | $7.37M | $5.28M | -$3.5M | $3M | $300K | -$6.8M | $100K | -$5.9M | -$100K | -$100K | -$100K |
| Operating Income (EBIT) | $80.8M | $54.88M | -$21.58M | $119.73M | $93.3M | $400.49M | $114.79M | $56.71M | $135.47M | $59.23M | $116.11M | $123.9M | $115.79M | $111.04M | $94.24M | $92.69M | $118.42M | $123.04M | $132.96M | $126.52M | $107.31M | $107.67M | $121.87M | $121.73M | $102.55M | $111.9M | $105.09M | $73.91M | $22.37M | $2.66M | -$1.61M | $9.1M | $3M | $300K | $6.9M | $100K | $6M | $400K | $1.7M | $1M |
| Operating Margin | 16.7% | 10.9% | -4.2% | 23.7% | 19.2% | 74.9% | 19.8% | 10.4% | 26.0% | 11.3% | 19.3% | 20.8% | 20.6% | 20.7% | 17.5% | 17.2% | 20.6% | 21.2% | 21.3% | 19.1% | 27.4% | 33.3% | 39.9% | 41.0% | 33.0% | 39.0% | 37.1% | 38.3% | 36.6% | 26.5% | -44.0% | 162.5% | 100.0% | 100.0% | 6900.0% | 100.0% | 6000.0% | 133.3% | 106.3% | 111.1% |
| Interest Expense | $140.07M | $121.31M | $99.83M | $71.86M | $65.45M | $76.81M | $84.28M | $80.7M | $84.32M | $88.08M | $116.51M | $130.62M | $127.58M | $140M | $136.4M | $136.41M | $141.6M | $152.1M | $161.67M | $175.78M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Interest Income | $4.4M | $3.85M | $1.67M | $1.91M | $8.29M | $1.94M | $2.32M | $4.7M | $1.11M | $1.24M | $1.22M | $3.97M | $1.04M | $3.01M | $1.81M | $3.22M | $2.5M | $1.84M | $4.04M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | -$259.56M | -$251.35M | -$175.75M | -$65.68M | -$80.88M | -$93.39M | -$80.25M | $79.19M | $17.69M | -$19.04M | -$146.85M | -$118.69M | -$96.93M | -$148.34M | -$118.8M | -$130.02M | -$110.4M | -$123.7M | -$76.51M | -$116.04M | -$55.79M | -$47.37M | -$36.06M | -$58.74M | -$2.08M | $0 | $4.2M | $200K | $0 | -$2.66M | $0 | -$9.1M | -$3M | -$300K | -$6.9M | -$100K | -$6M | -$400K | -$1.7M | -$1M |
| Income Before Tax (EBT) | -$178.75M | -$196.47M | -$197.33M | $54.05M | $12.41M | $307.1M | $34.54M | $135.9M | $121.23M | $40.5M | -$30.74M | $6.02M | $38.98M | -$30.15M | -$13.23M | -$29.64M | $5.34M | $43.48M | $56.45M | $10.48M | $42.77M | $60.3M | $85.81M | $62.98M | $100.47M | $0 | $109.29M | $74.11M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Income Tax Expense | $112K | $14K | $72K | $55K | $47K | -$224K | $12K | $423K | -$628K | $0 | $142.54M | $140.32M | $164.24M | $110.67M | $126.45M | $125.38M | $114.47M | $87.79M | $92.64M | $117.81M | $64.54M | $47.37M | $47.39M | $71.91M | $75.43M | $59.74M | $72.24M | $42.38M | $7.37M | $2.82M | -$788K | $1.5M | -$2.5M | $0 | $6.7M | $2M | $6M | -$200K | -$1.5M | -$800K |
| Net Income | -$179.48M | -$195.91M | -$196.79M | $53.82M | $12.29M | $305.53M | $34.27M | $134.52M | $115.31M | $40.19M | -$30.4M | $6.97M | $42.78M | $6.59M | -$4.5M | -$17.07M | $8.03M | $37.22M | $56.45M | $10.48M | $40.57M | $60.3M | $86.68M | $62.98M | $33.72M | $52.16M | $34.61M | $33.02M | $15M | -$200K | -$824K | $7.6M | $2.5M | $0 | -$6.7M | -$2M | -$6M | $200K | $1.5M | $800K |
| Net Income Margin | -37.0% | -38.8% | -38.2% | 10.6% | 2.5% | 57.1% | 5.9% | 24.7% | 22.2% | 7.6% | -5.0% | 1.2% | 7.6% | 1.2% | -0.8% | -3.2% | 1.4% | 6.4% | 9.1% | 1.6% | 10.4% | 18.6% | 28.4% | 21.2% | 10.8% | 18.2% | 12.2% | 17.1% | 24.6% | -2.0% | -22.5% | 135.7% | 83.3% | - | -6700.0% | -2000.0% | -6000.0% | 66.7% | 93.8% | 88.9% |
| Supplementary Data | ||||||||||||||||||||||||||||||||||||||||
| EPS | -1.03 | -1.14 | -1.15 | 0.31 | 0.07 | 1.77 | 0.19 | 0.75 | 0.66 | 0.19 | -0.21 | -0.00 | 0.23 | -0.06 | -0.10 | -0.19 | 0.07 | 0.41 | 0.56 | 0.03 | 0.62 | 1.15 | 1.43 | 1.40 | 0.57 | 1.12 | 0.80 | 0.90 | 0.95 | -0.02 | -1.32 | 11.21 | 3.99 | 0.00 | -10.83 | -3.24 | -9.72 | 0.24 | 2.37 | 1.29 |
| Diluted EPS | -1.03 | -1.14 | -1.15 | 0.31 | 0.07 | 1.77 | 0.19 | 0.75 | 0.65 | 0.19 | -0.21 | -0.00 | 0.23 | -0.06 | -0.10 | -0.19 | 0.07 | 0.41 | 0.56 | 0.03 | 0.62 | 1.15 | 1.43 | 1.39 | 0.57 | 1.12 | 0.80 | 0.89 | 0.95 | -0.02 | -1.32 | 11.21 | 3.99 | 0.00 | -10.83 | -3.24 | -9.72 | 0.24 | 2.37 | 1.29 |
| Weighted Average OS | 173.46M | 172.53M | 171.96M | 171.49M | 170.88M | 171.93M | 176.69M | 176.87M | 175.48M | 175.02M | 178.16M | 166.20M | 154.41M | 142.44M | 135.44M | 131.74M | 111.90M | 87.37M | 87.27M | 89.55M | 55.85M | 47.90M | 37.88M | 36.48M | 38.27M | 35.94M | 37.27M | 35.91M | 9.14M | 7.01M | 624,165 | 677,966 | 626,566 | 619,000 | 618,652 | 617,284 | 617,284 | 619,000 | 632,911 | 620,155 |
| EBITDA | $137.75M | $103M | $91.29M | $303.89M | $255.97M | $572.2M | $328.83M | $392.59M | $385.19M | $318.26M | $304.8M | $334.24M | $365.3M | $301.27M | $330.95M | $313.86M | $339.37M | $350.33M | $364.36M | $387.43M | $215.53M | $141.16M | $326.9M | $501.49M | $267.05M | $493.25M | $498.38M | $170.2M | $37.96M | $19.4M | -$210K | $10.5M | $3M | $300K | $6.9M | $100K | $6M | $400K | $1.7M | $1M |
| EBITDA Margin | 28.4% | 20.4% | 17.7% | 60.0% | 52.6% | 107.0% | 56.7% | 72.1% | 74.0% | 60.6% | 50.6% | 56.0% | 65.0% | 56.2% | 61.4% | 58.1% | 59.0% | 60.3% | 58.5% | 58.5% | 55.1% | 43.6% | 107.0% | 169.0% | 85.9% | 171.8% | 176.0% | 88.2% | 62.2% | 193.4% | -5.7% | 187.5% | 100.0% | 100.0% | 6900.0% | 100.0% | 6000.0% | 133.3% | 106.3% | 111.1% |
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 | FY 1993 | FY 1992 | FY 1991 | FY 1990 | FY 1989 | FY 1988 | FY 1987 | FY 1986 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 | 2005-12-31 | 2004-12-31 | 2003-12-31 | 2002-12-31 | 2001-12-31 | 2000-12-31 | 1999-12-31 | 1998-12-31 | 1997-12-31 | 1996-12-31 | 1995-12-31 | 1994-12-31 | 1993-12-31 | 1992-12-31 | 1991-12-31 | 1990-12-31 | 1989-12-31 | 1988-12-31 | 1987-12-31 | 1986-12-31 |
| Assets | ||||||||||||||||||||||||||||||||||||||||
| Current Assets | ||||||||||||||||||||||||||||||||||||||||
| Cash and Cash Equivalents | $32.28M | $90.23M | $58.32M | $17.55M | $27.46M | $46.34M | $90.5M | $22.84M | $202.18M | $193.92M | $56.69M | $257.5M | $263.21M | $1.55M | $410K | $16.57M | $1.57M | $3.92M | $5.6M | $25.38M | $7.17M | $15.35M | $8.55M | $26.8M | $13.46M | $16.04M | $5.69M | $13.07M | $41.58M | $18.28M | $840K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $71.6M | $74.57M | $0 | $423K | $12.05M | $11.87M | $10.73M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $8.8M | $10.8M | $0 | $0 | $0 |
| Cash and Short-Term Investments | $32.28M | $90.23M | $58.32M | $17.55M | $27.46M | $46.34M | $90.5M | $22.84M | $202.18M | $193.92M | $56.69M | $257.5M | $263.21M | $1.55M | $410K | $16.57M | $1.57M | $3.92M | $77.2M | $99.95M | $7.17M | $15.77M | $20.6M | $38.67M | $24.19M | $16.04M | $5.69M | $13.07M | $41.58M | $18.28M | $840K | $0 | $0 | $0 | $0 | $8.8M | $10.8M | $0 | $0 | $0 |
| Accounts Receivable | $204.81M | $197.01M | $198.69M | $190.77M | $179.09M | $168.91M | $190.51M | $181.64M | $187.7M | $162.07M | $162.22M | $152.81M | $150.71M | $142.52M | $141M | $111.55M | $98.11M | $98.12M | $100.16M | $91.55M | $59.91M | $44.64M | $31.86M | $31.99M | $31.62M | $34.32M | $33.25M | $20.95M | $3.9M | $1.88M | $261K | $200K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$7.48M | -$5.78M | -$3.73M | -$1.88M | $90.6M | $93.35M | $102.44M | $109.01M | $110.06M | $97.37M | $112.7M | $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 | $5.95M | $9.21M | $0 | $562K | $7.35M | $7.35M | $11.6M | $392K | $41.72M | $584.37M | $18.3M | $0 | $0 | $2.53M | $0 | $0 | $31.39M | $0 | $5.06B | $2.66B | $2.47B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Current Assets | $237.09M | $293.19M | $266.22M | $208.32M | $207.11M | $222.6M | $288.36M | $216.08M | $390.27M | $397.71M | $803.28M | $516.61M | $413.92M | $144.07M | $123.23M | $128.12M | $99.67M | $133.43M | $5B | $5.23B | $2.73B | $2.53B | $52.46M | $70.66M | $55.81M | $50.36M | $38.95M | $34.03M | $45.48M | $20.16M | $1.1M | $200K | $0 | $0 | $0 | $8.8M | $10.8M | $0 | $0 | $0 |
| Long-Term Assets | ||||||||||||||||||||||||||||||||||||||||
| Property, Plant & Equipment Net | $0 | $2.32B | $2.56B | $0 | $0 | $0 | $0 | $3.22B | $3.06B | $3.03B | $3.09B | $3.74B | $3.76B | $437K | $4.06B | $4.2B | $4.16B | $4.19B | $4.66B | $4.74B | $2.54B | $2.36B | $1.7B | $1.75B | $1.81B | $1.67B | $1.7B | $1.84B | $563.56M | $151.9M | $13.71M | $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 | $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 | $22.43M | $5.5M | $7.69M | $54.03M | $56.32M | $87.75M | $124.44M | $171.35M | $64.97M | $72.48M | $111.62M | $99.4M | $132.33M | $70.62M | $70.52M | $97.46M | $105.16M | $145.76M | $218.15M | $281.25M | $78.1M | $101.06M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $314.33M | $570.46M | $601.23M | $567.63M | $435.51M | $401.33M | $120.29M | $169.1M | $194.62M | $281.33M | $241M | $225M | $180.51M | $193.56M | $115.81M | $84.37M | $75.46M | $71.03M | $71.6M | $74.57M | $13.33M | $12.75M | $27.91M | $26.71M | $29.8M | $33.96M | $35.91M | $10.75M | $5.55M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $300K | $600K | -$3.03B | -$3.09B | -$3.74B | -$3.76B | $4.04B | $133.55M | $124.32M | $165.1M | $137.91M | $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 | -$296.52M | $307.04M | $292.31M | $3.04B | $3.15B | $3.19B | $3.54B | $325.12M | $286.54M | $3.35B | $3.4B | $4.02B | $4.04B | $53.33M | $53.16M | $54.7M | $53.36M | $59.01M | -$4.73B | -$4.81B | -$2.55B | -$2.38B | -$1.72B | -$1.77B | -$1.84B | -$1.71B | -$1.74B | -$1.85B | -$569.11M | -$151.9M | -$13.71M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Long-Term Assets | $40.23M | $3.2B | $3.47B | $3.67B | $3.64B | $3.68B | $3.79B | $3.88B | $3.61B | $3.7B | $3.75B | $4.34B | $4.35B | $4.36B | $4.43B | $4.56B | $4.56B | $4.6B | $218.15M | $281.25M | $78.1M | $101.06M | $1.72B | $1.77B | $1.84B | $1.71B | $1.74B | $1.85B | $569.11M | $151.9M | $13.71M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Assets | $3.31B | $0 | $0 | $0 | $0 | $0 | $0 | $1.56B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $80.05M | $75.93M | $61.68M | $66.78M | $52.71M | $26.28M | $6.89M | $6.26M | $2.29M | $17.9M | $4.6M | $2.1M | $2.1M | $0 | $10.9M | $16.8M | $17.2M | $17.3M |
| Total Assets | $3.59B | $3.49B | $3.73B | $3.87B | $3.85B | $3.9B | $4.08B | $5.66B | $4B | $4.1B | $4.55B | $4.86B | $4.77B | $4.51B | $4.56B | $4.69B | $4.66B | $4.74B | $5.21B | $5.51B | $2.81B | $2.63B | $1.86B | $1.92B | $1.96B | $1.83B | $1.83B | $1.91B | $621.48M | $178.33M | $17.11M | $17.9M | $4.6M | $2.1M | $2.1M | $8.8M | $10.9M | $16.8M | $17.2M | $17.3M |
| Liabilities | ||||||||||||||||||||||||||||||||||||||||
| Current Liabilities | ||||||||||||||||||||||||||||||||||||||||
| Accounts Payable | $143.83M | $129.72M | $123.83M | $132.44M | $150.15M | $121.98M | $113.35M | $125.7M | $107.07M | $103.4M | $99.86M | $96.05M | $83.69M | $71.58M | $69.93M | $72.23M | $88.6M | $79.47M | $76.92M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $11.22M | $5.37M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Short-Term Debt | $0 | $0 | $0 | $88.5M | $23M | $0 | $0 | $0 | $0 | $304.93M | $0 | $0 | $0 | $69M | $0 | $0 | $643.72M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $11.5M | $160.8M | $13.1M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $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 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $22.57M | $35.41M | $24.25M | $25.08M | $23.85M | $21.4M | $35.28M | $28.29M | $42.59M | $31.62M | $30.41M | $59.45M | $71.64M | $82.95M | $99.57M | $121.55M | $105.95M | $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 | -$88.5M | $0 | $0 | $0 | -$159.33M | $0 | -$438.37M | -$128.1M | -$124.92M | $0 | $0 | $275.5M | -$121.55M | -$747.09M | -$4.65M | -$119.29M | -$108.4M | -$81.52M | -$49.24M | -$30.29M | -$27.58M | $181.6M | $162.17M | $153.35M | -$21.55M | $6.82M | $7.82M | $320K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Current Liabilities | $180.5M | $191.39M | $174.09M | $190.31M | $229.76M | $176.08M | $182.45M | $280.12M | $182.12M | $165.14M | $160.67M | $184.97M | $180.91M | $247.18M | $193.39M | $94.86M | $110.4M | $104.11M | $369.9M | $458.1M | $179.5M | $180.3M | $217.1M | $228.1M | $242.8M | $202.7M | $200.9M | $167.4M | $32M | $13.4M | $900K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Liabilities | ||||||||||||||||||||||||||||||||||||||||
| Long-Term Debt | $2.56B | $2.21B | $2.14B | $1.97B | $1.83B | $1.83B | $2.14B | $2.03B | $1.93B | $1.71B | $2.38B | $2.43B | $2.6B | $2.4B | $1.92B | $2.43B | $1.81B | $2.74B | $3.1B | $3.15B | $1.52B | $1.31B | $867.66M | $1B | $1.01B | $866.2M | $839.63M | $1B | $163.96M | $36.64M | $8.93M | $6.9M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $21.4M | $35.28M | $28.29M | $42.59M | $31.62M | $30.41M | $59.45M | $71.64M | $82.95M | $0 | $0 | $47.38M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$28.29M | -$42.59M | -$31.62M | -$30.41M | -$59.45M | -$71.64M | -$82.95M | $0 | $0 | $680.81M | $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 | $27.3M | $19.88M | $63.73M | $62.65M | $61.66M | $44.63M | $2.96M | $181.32M | $15.62M | $324.26M | $131.22M | $127.59M | $32.92M | $137.11M | $516.67M | $160.61M | $632.92M | $110.14M | -$3.17B | -$3.15B | -$1.52B | -$1.31B | -$867.66M | -$1B | -$1.01B | -$866.2M | -$839.63M | -$1B | -$163.96M | -$44K | -$8.93M | -$6.9M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Long-Term Liabilities | $2.61B | $2.26B | $2.23B | $2.05B | $1.92B | $1.92B | $2.21B | $1.99B | $1.97B | $2.05B | $2.44B | $2.51B | $2.66B | $2.49B | $2.47B | $2.62B | $2.63B | $2.92B | $3.1B | $3.15B | $1.52B | $1.31B | $867.7M | $1B | $1.01B | $866.2M | $839.6M | $1B | $164M | $36.6M | $8.9M | $6.9M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.64B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$84.16M | -$123.95M | -$37.88M | -$42.88M | -$134.37M | -$135.01M | -$143.79M | -$144.94M | -$50.58M | -$89.67M | -$14.42M | $20M | -$39K | $1.8M | $100K | $0 | $0 | $0 | $100K | $0 | $100K | $500K |
| Total Liabilities | $2.79B | $2.45B | $2.41B | $2.24B | $2.14B | $2.1B | $2.39B | $3.9B | $2.15B | $2.22B | $2.6B | $2.7B | $2.84B | $2.73B | $2.67B | $2.71B | $2.74B | $3.03B | $3.39B | $3.49B | $1.66B | $1.44B | $950.43M | $1.1B | $1.11B | $923.96M | $989.92M | $1.08B | $181.58M | $70M | $9.76M | $8.7M | $100K | $0 | $0 | $0 | $100K | $0 | $100K | $500K |
| Stockholders' Equity | ||||||||||||||||||||||||||||||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $40K | $40K | $40K | $40K | $40K | $43K | $43K | $43K | $43K | $43K | $43K | $43K | $43K | $28K | $52K | $52K | $52K | $8K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $1.73M | $1.72M | $1.72M | $1.72M | $1.71M | $1.71M | $1.77M | $1.77M | $1.78M | $1.75M | $1.75M | $1.79M | $1.57M | $1.43M | $1.42M | $1.34M | $1.29M | $884K | $870K | $883K | $562K | $553K | $410K | $352K | $356K | $357K | $364K | $376K | $241K | $70K | $19K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Retained Earnings | -$2.41B | $783.5M | $979.41M | $1.18B | $1.12B | $1.11B | $804.56M | $654.09M | -$1.39B | -$1.39B | -$1.32B | -$1.17B | -$1.07B | -$1.01B | $477.34M | $483.44M | $501.38M | $509.83M | -$521.75M | -$416.12M | -$262.49M | -$197.12M | -$164.42M | -$149.62M | -$136.28M | -$94.96M | -$76.39M | -$47.07M | -$21.73M | -$12.15M | -$9.45M | -$2.3M | -$12.3M | -$14.7M | -$14.7M | -$8M | -$6M | $0 | $300K | $0 |
| Comprehensive Income & Other | -$1.44M | -$2.93B | -$2.83B | -$2.71B | -$2.58B | -$2.46B | -$2.32B | $5.03M | $2.4M | -$1.75M | -$5.19M | -$4.61M | -$3M | -$15.92M | -$1.4B | -$1.3B | -$1.22B | -$1.17B | -$1.89M | $1.58M | -$3.17M | -$3.13M | -$2.16M | -$6.4M | -$4.59M | -$1.73M | -$125.74M | -$67.48M | -$22.86M | -$9.38M | -$8.11M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Stockholders' Equity | $3.2B | $253.41M | $336.26M | $447.72M | $566.18M | $682.35M | $871.55M | $1.08B | $3.22B | $3.26B | $3.25B | $3.31B | $2.97B | $2.76B | $1.38B | $1.36B | $1.38B | $1.15B | $2.26B | $2.31B | $1.37B | $1.34B | $935M | $835.71M | $844.08M | $851.1M | $770.08M | $752.85M | $447.02M | $114.01M | $16.77M | $11.5M | $16.8M | $16.8M | $16.8M | $16.8M | $16.8M | $16.8M | $16.8M | $16.8M |
| Total Equity | $792.73M | $1.04B | $1.32B | $1.63B | $1.69B | $1.79B | $1.68B | $1.74B | $1.83B | $1.87B | $1.93B | $2.14B | $1.9B | $1.75B | $1.86B | $1.85B | $1.88B | $1.66B | $1.74B | $1.9B | $1.1B | $1.15B | $770.99M | $686.44M | $708.16M | $756.5M | $694.05M | $706.15M | $425.53M | $101.93M | $7.34M | $9.2M | $4.5M | $2.1M | $2.1M | $8.8M | $10.8M | $16.8M | $17.1M | $16.8M |
| Minority Interest | $5.12M | $5.95M | $6.77M | $7.7M | $10.95M | $10.51M | $10.43M | $16.67M | $17.42M | $17.09M | $18.17M | $18.5M | $21.21M | $21.24M | $33.1M | $128.27M | $38.31M | $53.2M | $84.12M | $123.99M | $37.86M | $42.87M | $134.36M | $135.05M | $143.83M | $144.97M | $145.94M | $127.2M | $14.38M | $6.4M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $3.58B | $3.49B | $3.73B | $3.87B | $3.84B | $3.89B | $4.07B | $5.64B | $3.98B | $4.08B | $4.54B | $4.84B | $4.74B | $4.49B | $4.52B | $4.56B | $4.63B | $4.68B | $5.13B | $5.38B | $2.77B | $2.59B | $1.72B | $1.78B | $1.82B | $1.68B | $1.68B | $1.78B | $607.1M | $171.93M | $17.11M | $17.9M | $4.6M | $2.1M | $2.1M | $8.8M | $10.9M | $16.8M | $17.2M | $17.3M |
| Supplementary Data | ||||||||||||||||||||||||||||||||||||||||
| Total Debt | $2.58B | $2.24B | $2.16B | $2.08B | $1.88B | $1.85B | $2.17B | $2.03B | $1.93B | $2.01B | $2.38B | $2.45B | $2.6B | $2.47B | $2.39B | $2.43B | $2.45B | $2.75B | $3.1B | $3.15B | $1.52B | $1.31B | $867.66M | $1B | $1.01B | $866.2M | $851.13M | $1.16B | $177.06M | $36.64M | $8.93M | $6.9M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Debt | $2.55B | $2.15B | $2.1B | $2.06B | $1.85B | $1.81B | $2.08B | $2.01B | $1.73B | $1.82B | $2.33B | $2.19B | $2.33B | $2.46B | $2.39B | $2.41B | $2.45B | $2.75B | $3.1B | $3.13B | $1.51B | $1.29B | $859.11M | $977.93M | $995.71M | $850.16M | $845.44M | $1.15B | $135.49M | $18.36M | $8.09M | $6.9M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $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 | FY 2002 | FY 2001 | FY 2000 | FY 1999 | FY 1998 | FY 1997 | FY 1996 | FY 1995 | FY 1994 | FY 1993 | FY 1992 | FY 1991 | FY 1990 | FY 1989 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 | 2005-12-31 | 2004-12-31 | 2003-12-31 | 2002-12-31 | 2001-12-31 | 2000-12-31 | 1999-12-31 | 1998-12-31 | 1997-12-31 | 1996-12-31 | 1995-12-31 | 1994-12-31 | 1993-12-31 | 1992-12-31 | 1991-12-31 | 1990-12-31 | 1989-12-31 |
| Operating Activities | |||||||||||||||||||||||||||||||||||||
| Net Income | $265.73M | -$196.49M | -$197.36M | $53.99M | $12.37M | $307.33M | $34.53M | $137.29M | $121.86M | $40.5M | -$30.74M | $6.94M | $43.19M | $6.53M | -$4.71M | -$17.61M | $8.09M | $43.48M | $56.45M | $10.48M | $42.77M | $60.3M | $85.81M | $62.98M | $34.83M | $52.16M | $34.61M | $35.03M | $15M | -$162K | -$824K | -$400K | $2.5M | $0 | -$6.7M | -$2M | -$6M |
| Depreciation & Amortization | $176.43M | $178.17M | $188.8M | $177.98M | $178.1M | $188.28M | $210M | $176M | $180.32M | $189.68M | $219.03M | $208.57M | $198.73M | $198.58M | $219.11M | $214.78M | $192.43M | $198.9M | $231.39M | $264.05M | $116.97M | $86.92M | $66.56M | $63.74M | $84.58M | $73.17M | $72.45M | $48M | $15.59M | $2.84M | $1.4M | $1.4M | $0 | $0 | $0 | $0 | $0 |
| Deferred Income Tax | $0 | $14K | $72K | $55K | $47K | -$224K | $12K | $423K | -$628K | -$25.12M | -$19.95M | -$11.85M | -$11.85M | -$11.84M | -$12.03M | $27.4M | $23.76M | $0 | -$4.67M | -$3.45M | -$2.76M | -$2.11M | $0 | -$3.18M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $0 | $16.89M | $9.85M | $8.94M | $7.13M | $6.63M | $6.88M | $5.72M | $4.88M | $3.43M | $3.01M | $2.96M | $5.94M | $3.19M | $4.27M | $4.81M | $5.2M | $0 | $4.67M | $3.45M | $2.76M | $2.11M | $0 | $3.18M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | |||||||||||||||||||||||||||||||||||||
| Accounts Receivable | -$8.81M | -$13K | $241K | $1.33M | $2.51M | -$2.03M | -$248K | $3.52M | -$6.27M | $2.37M | -$848K | -$2.87M | -$4.05M | $262K | -$856K | -$4.17M | $3.75M | $3.02M | $180K | -$3.49M | -$12.41M | $8.07M | -$5.69M | $13.61M | $17.25M | -$5.07M | -$36.2M | -$31.9M | -$3.3M | -$1M | $0 | $300K | $0 | $400K | $0 | $100K | $0 |
| Inventory | $0 | $0 | $0 | $0 | -$2.97M | $5.6M | -$12.58M | $0 | $2.02M | $530K | -$1.06M | -$7.06M | $5.05M | $827K | $0 | $0 | $18.3M | -$36.02M | -$4.08M | $211K | -$3M | $1.43M | $449K | -$3.46M | $4.08M | $7.71M | -$11.84M | -$9.35M | -$1.2M | -$284K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $2.71M | $953K | -$12.93M | $5.41M | $2.97M | -$5.6M | $12.58M | $12.58M | $4M | -$8M | $4.08M | $962K | -$526K | -$8.36M | $7.73M | -$7.98M | -$10.07M | -$2.16M | $8.44M | $33.82M | -$1.83M | $6.98M | -$2.58M | -$8.72M | $8.02M | $1.08M | $11.9M | $14.3M | $5.7M | $900K | $0 | -$200K | $0 | -$300K | $0 | -$100K | $100K |
| Other Working Capital | -$19.89M | $8.91M | -$5.16M | $2.95M | -$12.9M | $11.75M | $3.97M | $4.16M | -$1.48M | $137K | -$521K | $2.44M | $3.76M | -$2.17M | -$9.73M | -$4.18M | -$10.72M | $29.32M | $4.08M | -$211K | $3M | -$1.43M | -$449K | $3.46M | -$4.08M | -$7.71M | $11.85M | $9.41M | $1.16M | $175K | -$86K | $100K | $0 | $100K | $0 | $0 | $100K |
| Total Working Capital Change | -$25.99M | $9.86M | -$17.85M | $9.68M | -$10.39M | $9.72M | $3.73M | $7.69M | -$1.73M | -$4.96M | $1.66M | -$6.53M | $4.24M | -$9.43M | -$2.85M | -$16.33M | $1.25M | -$5.84M | $8.62M | $30.33M | -$14.24M | $15.05M | -$8.28M | $4.89M | $25.27M | -$3.99M | -$24.29M | -$17.54M | $2.36M | -$209K | -$86K | $200K | $0 | $200K | $0 | $0 | $200K |
| Other Non-Cash Items | -$299.47M | $172.68M | $193.76M | -$41.34M | $3.62M | -$285.92M | -$20.92M | -$99.77M | -$122.69M | -$31.3M | $22.1M | -$11.09M | -$56.76M | -$29.74M | -$24.77M | -$27.92M | -$10.33M | -$5.2M | -$76.65M | -$63.3M | -$20.35M | -$9.09M | -$25.3M | -$12.93M | -$3.31M | -$19.1M | $5.74M | $3.75M | $621K | $71K | $5K | -$1.8M | -$2.5M | -$200K | $6.7M | $2M | $5.8M |
| Net Cash from Operating | $116.7M | $181.13M | $177.27M | $209.31M | $190.87M | $225.81M | $234.23M | $227.35M | $182.02M | $172.22M | $195.1M | $189M | $183.48M | $157.28M | $179.01M | $185.13M | $220.41M | $231.33M | $219.82M | $241.57M | $125.15M | $153.18M | $118.79M | $118.68M | $141.37M | $102.24M | $88.51M | $69.24M | $33.57M | $2.54M | $497K | -$600K | $0 | $0 | $0 | $0 | $0 |
| Investing Activities | |||||||||||||||||||||||||||||||||||||
| Capital Expenditures | -$113.4M | -$129.76M | -$56.82M | -$263.01M | -$135.12M | -$160.25M | -$198.3M | -$212.6M | -$162.18M | -$254.49M | -$326.14M | -$236.93M | -$121.11M | -$99.11M | -$171.83M | -$231.62M | -$233.32M | -$175.62M | -$446.68M | -$706.51M | -$269.98M | -$701.57M | -$118.9M | -$89.97M | -$193.11M | -$132.65M | -$109.59M | -$1.79B | -$412.35M | -$33.89M | -$700K | -$500K | $0 | $0 | $0 | $0 | $0 |
| Acquisitions | -$176.47M | -$194.03M | -$85.92M | -$47.43M | -$31.64M | -$719K | $7.3M | $59.44M | $138.78M | -$7.59M | -$62.45M | -$46.1M | -$16.11M | -$65.35M | $0 | $0 | -$105.01M | $0 | -$88.89M | -$935.86M | -$92.67M | -$569.34M | -$67.49M | -$25.15M | -$40.36M | -$7.01M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | -$227.11M | -$109.93M | -$179.75M | -$138.69M | -$522.58M | -$180.75M | -$257.02M | $0 | $0 | $0 | -$105.25M | -$5.28M | -$5.18M | -$14.98M | -$32.32M | $0 | -$363.11M | -$846K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $108.06M | $58.02M | $279.6M | $54.87M | $384.63M | $318.02M | $812.35M | $0 | $0 | $0 | $105.25M | $0 | $0 | $31.39M | $0 | $0 | $181.56M | $423K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $83.59M | $203.6M | -$32.17M | $238.9M | $118.36M | $79.41M | $144.16M | -$61.34M | $103.2M | $762.99M | $222.14M | $12.24M | $241.93M | $91.43M | $129.18M | $64.87M | $219.37M | $372.4M | $580.04M | $908.13M | $110.66M | $587.97M | $152.32M | $120.16M | $109.79M | $107.29M | $179.76M | $894.89M | -$5.91M | -$1.48M | -$1K | $10.1M | $2.5M | $0 | $0 | $0 | $0 |
| Net Cash from Investing | -$206.28M | -$120.19M | -$174.91M | -$190.59M | -$100.31M | $18.29M | -$130.66M | -$214.51M | $79.8M | $500.91M | -$166.45M | -$270.79M | $104.71M | -$73.04M | -$47.93M | -$171.94M | -$102.55M | $164.46M | $44.47M | -$915.79M | -$252.42M | -$682.95M | -$34.07M | $5.04M | -$123.68M | -$32.37M | $70.17M | -$898.34M | -$418.26M | -$35.37M | -$701K | $9.6M | $2.5M | $0 | $0 | $0 | $0 |
| Financing Activities | |||||||||||||||||||||||||||||||||||||
| Debt Repaid | -$158.16M | -$79.85M | -$264.66M | -$53.87M | - | $94.99M | -$208.78M | $122.18M | $83.39M | $420.17M | $42.84M | $151.58M | $111.99M | -$251.09M | $63.04M | $72.13M | $262.28M | $229.97M | $55.7M | -$956.45M | -$210.54M | -$333.23M | $81.62M | $14.13M | -$64.31M | -$26.48M | $161.1M | -$570.7M | -$111.14M | $40.9M | -$2.03M | $3.2M | - | - | - | - | - |
| Common Stock Issuance | -$1.54M | $0 | $0 | $0 | $0 | $0 | $0 | $416K | $52.45M | $1.29M | $0 | $335.02M | $181.53M | $0 | $7.93M | $70.87M | $242.33M | $59.43M | $0 | $105.89M | $19.24M | $407.88M | $250.53M | $0 | $6.49M | $0 | $95.4M | $301.02M | $305.06M | $91.3M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock Repurchases | $0 | -$1.03M | -$5K | -$4.01M | -$2.33M | -$60M | -$17.28M | -$28.88M | -$100M | -$879K | -$67.32M | $0 | $0 | -$118.21M | $0 | $0 | $0 | -$59.43M | -$59.43M | -$94.47M | -$239K | -$95.44M | -$182.84M | -$20.16M | -$6.49M | -$15.34M | -$22.2M | -$1.66M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | -$93.02M | -$104.48M | -$124.25M | -$130.72M | -$130.25M | -$131.15M | -$134.14M | -$128.86M | -$116.31M | $0 | -$114.33M | -$105.8M | -$97.37M | -$96.03M | -$89.56M | -$87.34M | -$68.91M | -$162.88M | -$162.37M | -$151.1M | -$106.61M | -$90.46M | -$78.75M | -$75.02M | -$72.53M | -$69.01M | -$63.14M | -$51.44M | -$18.07M | -$510K | -$2.23M | -$1.6M | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | -$7.9M | -$6.64M | -$5.11M | -$13.27M | $253K | -$2.05M | -$468K | -$2.64M | -$355K | $899K | -$7.15M | -$2.63M | $1.3M | -$9.69M | -$6.82M | -$620K | -$6.74M | -$4.33M | $3.3M | -$124.33M | -$3.84M | -$18.66M | $81.14M | -$1.07M | -$12.05M | -$1.66M | -$7.03M | -$4.92M | -$2.27M | $382K | -$527K | -$1.7M | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Financing | $55.71M | -$32.3M | $46.79M | -$28.63M | -$109.34M | -$288.19M | -$35.61M | -$193.07M | -$253.56M | -$535.91M | -$229.46M | $76.08M | -$26.53M | -$83.11M | -$147.24M | $1.81M | -$120.21M | -$397.46M | -$284.07M | $692.43M | $119.1M | $536.56M | -$102.97M | -$110.38M | -$20.27M | -$59.52M | -$166.07M | $812.73M | $395.85M | $50.27M | -$722K | -$9.6M | $0 | $0 | $0 | $0 | $0 |
| 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 | $0 | -$9M | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | -$33.88M | $28.64M | $49.15M | -$9.91M | -$18.78M | -$44.09M | $67.96M | -$180.23M | $8.26M | $137.22M | -$200.81M | -$5.71M | $261.66M | $1.14M | -$16.16M | $15M | -$2.36M | -$1.68M | -$19.78M | $18.2M | -$8.17M | $6.79M | -$18.25M | $13.34M | -$2.58M | $10.35M | -$7.38M | -$16.37M | $11.16M | $17.44M | -$926K | -$9.6M | $2.5M | $0 | $0 | $0 | $0 |
| Supplementary Data | |||||||||||||||||||||||||||||||||||||
| Operating Cash Flow | $116.7M | $181.13M | $177.27M | $209.31M | $190.87M | $225.81M | $234.23M | $227.35M | $182.02M | $172.22M | $195.1M | $189M | $183.48M | $157.28M | $179.01M | $185.13M | $220.41M | $231.33M | $219.82M | $241.57M | $125.15M | $153.18M | $118.79M | $118.68M | $141.37M | $102.24M | $88.51M | $69.24M | $33.57M | $2.54M | $497K | -$600K | $0 | $0 | $0 | $0 | $0 |
| Capital Expenditure | -$113.4M | -$129.76M | -$156.46M | -$263.01M | -$135.12M | -$160.25M | -$198.3M | -$212.6M | -$162.18M | -$254.49M | -$326.14M | -$236.93M | -$121.11M | -$99.11M | -$171.83M | -$231.62M | -$233.32M | -$175.62M | -$446.68M | -$706.51M | -$269.98M | -$701.57M | -$118.9M | -$89.97M | -$193.11M | -$132.65M | -$109.59M | -$1.79B | -$412.35M | -$33.89M | -$700K | -$500K | $0 | $0 | $0 | $0 | $0 |
| Free Cash Flow | $3.31M | $51.37M | $20.81M | -$53.71M | $55.75M | $65.56M | $35.93M | $14.75M | $19.84M | -$82.27M | -$131.05M | -$47.93M | $62.37M | $58.17M | $7.18M | -$46.5M | -$12.92M | $55.71M | -$226.86M | -$464.94M | -$144.83M | -$548.39M | -$103K | $28.71M | -$51.74M | -$30.41M | -$21.08M | -$1.72B | -$378.78M | -$31.35M | -$203K | -$1.1M | $0 | $0 | $0 | $0 | $0 |
| Cash at Beginning | $96.18M | $67.53M | $18.39M | $28.3M | $47.08M | $91.17M | $23.21M | $203.44M | $193.92M | $56.69M | $257.5M | $263.21M | $1.55M | $410K | $16.57M | $1.57M | $3.92M | $5.6M | $25.38M | $7.17M | $15.35M | $8.55M | $26.8M | $13.46M | $16.04M | $5.69M | $13.07M | $29.44M | $18.28M | $840K | $1.77M | $2.5M | $0 | $0 | $0 | $0 | $0 |
| Cash at End | $62.3M | $96.18M | $67.53M | $18.39M | $28.3M | $47.08M | $91.17M | $23.21M | $202.18M | $193.92M | $56.69M | $257.5M | $263.21M | $1.55M | $410K | $16.57M | $1.57M | $3.92M | $5.6M | $25.38M | $7.17M | $15.35M | $8.55M | $26.8M | $13.46M | $16.04M | $5.69M | $13.07M | $29.44M | $18.28M | $840K | -$7.1M | $2.5M | $0 | $0 | $0 | $0 |