Biglari Holdings Inc. (BH)
Biglari Holdings Inc., an enterprise established in 1934 and based in San Antonio, Texas, is a multifaceted company with its primary operations centered on managing and franchising restaurants throughout the United States. Its well-known dining brands include Steak n Shake and Western Sizzlin. By December 31, 2021, the company's restaurant network comprised 199 company-operated Steak n Shake locations, complemented by 159 franchise partner units and 178 conventional franchise outlets. Its Western Sizzlin brand encompassed 3 company-owned restaurants and 38 franchised establishments. Beyond its restaurant segment, Biglari Holdings engages in several other industries. It underwrites commercial trucking insurance, providing coverage for physical damage and non-trucking liability to truckers, and also offers general property and casualty insurance. The company is involved in the energy sector, operating oil and natural gas properties located in the Gulf of Mexico. Furthermore, it maintains a media presence through the MAXIM brand, publishing magazines and related content, alongside licensing various media products and services. Investment activities also form a part of its corporate portfolio. Originally named The Steak n Shake Company, the organization rebranded itself as Biglari Holdings Inc. in April 2010.
Sector: Retail-Eating Places
Industry: Restaurants
Biglari Holdings Inc.
PrePre-market-0.04%$388.95
Close$389.11-1.79%
AH Close$388.00+0.24%since
Close$389.11-1.79%AH Close$388.00+0.24%since
Mkt Cap$821.83M
Float676K
O/S2.11M
Inst Own94.6%
SI26.3%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$395.26M
Net Income-$37.49M
Total Assets$1.05B
Free Cash Flow$76.61M
Debt & Equity
Debt 41%
Equity 59%
Total Debt$358.64M
Total Equity$523.43M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in BH's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$1.05B
Liabilities$525.71M
Accounts Receivable$23.28M
Accounts Payable$34.17M
Inventory$3.77M
PP&E (Net)$406.66M
Goodwill$52.57M
Intangible Assets$23.67M
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 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 | FY 1985 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 2014-09-30 | 2013-09-30 | 2012-09-30 | 2011-09-30 | 2010-09-30 | 2009-09-30 | 2008-09-30 | 2007-09-30 | 2006-09-30 | 2005-09-30 | 2004-09-30 | 2003-09-30 | 2002-09-30 | 2001-09-30 | 2000-09-30 | 1999-09-30 | 1998-09-30 | 1997-09-30 | 1996-09-30 | 1995-09-30 | 1994-09-30 | 1993-09-30 | 1992-09-30 | 1991-09-30 | 1990-09-30 | 1989-09-30 | 1988-09-30 | 1987-09-30 | 1986-09-30 |
| Revenue | $395.26M | $362.11M | $365.32M | $368.23M | $366.11M | $433.68M | $668.84M | $809.89M | $839.8M | $850.08M | $861.45M | $828.08M | $755.82M | $734.26M | $709.2M | $673.78M | $627.04M | $610.06M | $654.14M | $638.82M | $606.91M | $553.69M | $499.1M | $460.81M | $447.95M | $408.69M | $360.8M | $306.9M | $262.7M | $224.1M | $186.7M | $158.6M | $132.5M | $126M | $115.4M | $105.8M | $98.9M | $92.7M | $89.4M | $84.8M |
| YoY Growth | 9.2% | -0.9% | -0.8% | 0.6% | -15.6% | -35.2% | -17.4% | -3.6% | -1.2% | -1.3% | 4.0% | 9.6% | 2.9% | 3.5% | 5.3% | 7.5% | 2.8% | -6.7% | 2.4% | 5.3% | 9.6% | 10.9% | 8.3% | 2.9% | 9.6% | 13.3% | 17.6% | 16.8% | 17.2% | 20.0% | 17.7% | 19.7% | 5.2% | 9.2% | 9.1% | 7.0% | 6.7% | 3.7% | 5.4% | - |
| Cost of Revenue | $286.63M | $223.49M | $248.94M | $215.45M | $223.33M | $296.73M | $533.66M | $661.44M | $687.28M | $668.28M | $678.26M | $659.35M | $566.85M | $545.14M | $523.91M | $501.57M | $164.97M | $151.19M | $487.24M | $462.43M | $435.28M | $399.51M | $359.02M | $327.95M | $324.86M | $291.93M | $269.3M | $220.2M | $187M | $160.8M | $140.7M | $119.8M | $96.9M | $92.6M | $87.1M | $79.9M | $75M | $70M | $69.3M | $67.8M |
| Gross Profit | $108.64M | $138.62M | $116.38M | $152.78M | $142.78M | $136.95M | $135.18M | $148.46M | $152.52M | $181.79M | $183.19M | $168.72M | $188.97M | $189.13M | $185.29M | $172.21M | $462.07M | $458.87M | $166.9M | $176.39M | $171.63M | $154.18M | $140.08M | $132.86M | $123.09M | $116.76M | $91.5M | $86.7M | $75.7M | $63.3M | $46M | $38.8M | $35.6M | $33.4M | $28.3M | $25.9M | $23.9M | $22.7M | $20.1M | $17M |
| Gross Margin | 27.5% | 38.3% | 31.9% | 41.5% | 39.0% | 31.6% | 20.2% | 18.3% | 18.2% | 21.4% | 21.3% | 20.4% | 25.0% | 25.8% | 26.1% | 25.6% | 73.7% | 75.2% | 25.5% | 27.6% | 28.3% | 27.8% | 28.1% | 28.8% | 27.5% | 28.6% | 25.4% | 28.3% | 28.8% | 28.2% | 24.6% | 24.5% | 26.9% | 26.5% | 24.5% | 24.5% | 24.2% | 24.5% | 22.5% | 20.0% |
| 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 | $90.52M | $75.67M | $77M | $70.61M | $76.02M | $0 | $0 | $132.91M | $130.81M | $127.26M | $135.13M | $130.36M | $139.83M | $124.89M | $103.86M | $93.02M | $409.52M | $432.9M | $102.82M | $96.23M | $89.57M | $76.48M | $66.96M | $59.65M | $69.33M | $64.44M | $50.7M | $43.2M | $37.8M | $32.7M | $21M | $17.9M | $18.1M | $16.8M | $14M | $12.2M | $11.4M | $11.5M | $10.6M | $10.7M |
| Other | $0 | $39.84M | $0 | $0 | $0 | $76.36M | $100.15M | $19.32M | $21.45M | $22.93M | $24.78M | $0 | $26.05M | $26.42M | $27.2M | $28.7M | $31.37M | $33.66M | $32.19M | $28.97M | $26.95M | $24.71M | $24.17M | $23.1M | $17.48M | $16.41M | $14.1M | $15.8M | $14.2M | $11.8M | $9M | $7.5M | $5.7M | $5.4M | $5.1M | $4.6M | $4.2M | $4.5M | $4.2M | $4M |
| Total Operating Expenses | $90.52M | $115.51M | $77M | $70.61M | $76.02M | $76.36M | $100.15M | $152.23M | $152.26M | $150.18M | $159.91M | $8.77M | $165.88M | $151.31M | $131.06M | $121.72M | $438.5M | $466.56M | $135M | $125.2M | $116.52M | $101.19M | $91.13M | $82.75M | $86.81M | $80.86M | $64.8M | $59M | $52M | $44.5M | $30M | $25.4M | $23.8M | $22.2M | $19.1M | $16.8M | $15.6M | $16M | $14.8M | $14.7M |
| Operating Income (EBIT) | $18.11M | $23.11M | $39.38M | $82.17M | $66.76M | $60.59M | $35.03M | $36.64M | $267K | $31.61M | $23.28M | $12.7M | $31.35M | $43.18M | $52.49M | $50.02M | $7.19M | -$7.69M | $31.9M | $51.29M | $55.12M | $53.38M | $43.75M | $50.12M | $36.28M | $35.9M | $26.7M | $27.7M | $23.7M | $18.8M | $16M | $13.4M | $11.8M | $11.2M | $9.2M | $9.1M | $8.3M | $6.7M | $5.3M | $2.3M |
| Operating Margin | 4.6% | 6.4% | 10.8% | 22.3% | 18.2% | 14.0% | 5.2% | 4.5% | 0.0% | 3.7% | 2.7% | 1.5% | 4.1% | 5.9% | 7.4% | 7.4% | 1.1% | -1.3% | 4.9% | 8.0% | 9.1% | 9.6% | 8.8% | 10.9% | 8.1% | 8.8% | 7.4% | 9.0% | 9.0% | 8.4% | 8.6% | 8.4% | 8.9% | 8.9% | 8.0% | 8.6% | 8.4% | 7.2% | 5.9% | 2.7% |
| Interest Expense | $5.42M | $6.13M | $5.79M | $5.89M | $7.16M | $15.54M | $20.26M | $19.88M | $20.12M | $20.93M | $21.36M | $0 | $16.38M | $20.18M | $13.38M | $12.98M | $13.74M | $40.19M | $20.04M | $6.42M | $8.71M | $8.05M | $19.66M | $12.27M | $2.36M | $5.11M | $0 | $0 | $0 | $0 | $0 | $0 | $1.8M | $2.7M | $2M | $0 | $100K | $700K | $1.1M | $100K |
| Interest Income | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $9K | $0 | $8.27M | $4M | $742K | $383K | $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) | -$65.8M | -$31.26M | $25.47M | -$125.2M | -$24.49M | -$110.79M | $20.11M | $14.85M | -$13.16M | $114.66M | -$60.71M | $117.72M | $175.66M | -$11.98M | -$4.66M | -$8.58M | -$13.99M | -$27.1M | -$17.03M | -$9M | -$10.67M | -$11.08M | -$11.59M | -$12.22M | -$3.91M | -$2.7M | $3.9M | $5.1M | $1.8M | $2.1M | $100K | -$2M | -$3.4M | -$4.1M | -$3.7M | -$800K | -$1.1M | -$1.5M | -$1.8M | -$1.6M |
| Income Before Tax (EBT) | -$47.69M | -$8.15M | $64.85M | -$43.03M | $42.27M | -$50.2M | $55.14M | $16.75M | -$12.89M | $146.26M | -$37.43M | $156.09M | $196.39M | $31.2M | $47.83M | $41.44M | $7.19M | -$34.78M | $14.87M | $42.29M | $44.44M | $42.55M | $32.42M | $36.04M | $33.92M | $34.51M | $28.8M | $30.9M | $25.5M | $20.9M | $16.1M | $11.4M | $8.4M | $7.1M | $5.5M | $8.3M | $7.2M | $5.2M | $3.5M | $700K |
| Income Tax Expense | -$10.2M | -$4.39M | $9.31M | -$10.72M | $6.79M | -$12.21M | $9.76M | -$2.64M | -$62.96M | $46.81M | -$21.59M | $55.25M | $74.29M | $6.45M | $13.87M | $12.02M | $1.16M | -$11.8M | $3.06M | $14.29M | $14.22M | $14.88M | $11.48M | $12.96M | $12.13M | $12.2M | $10.1M | $11.2M | $9.4M | $7.9M | $6.1M | $4.2M | $3.2M | $2.9M | $2.2M | $3.3M | $2.9M | $1.7M | $1.5M | $200K |
| Net Income | -$37.49M | -$3.76M | $54.95M | -$32.02M | $35.48M | -$37.99M | $45.38M | $19.39M | $50.07M | $99.45M | -$15.84M | $100.83M | $140.27M | $21.59M | $34.56M | $28.09M | $6M | -$22.98M | $11.81M | $28M | $30.22M | $27.66M | $20.94M | $23.09M | $21.8M | $18.59M | $20.5M | $19.7M | $16.1M | $13M | $10M | $7.2M | $5.2M | $4.2M | $3.3M | $5M | $4.3M | $3.5M | $2M | $500K |
| Net Income Margin | -9.5% | -1.0% | 15.0% | -8.7% | 9.7% | -8.8% | 6.8% | 2.4% | 6.0% | 11.7% | -1.8% | 12.2% | 18.6% | 2.9% | 4.9% | 4.2% | 1.0% | -3.8% | 1.8% | 4.4% | 5.0% | 5.0% | 4.2% | 5.0% | 4.9% | 4.5% | 5.7% | 6.4% | 6.1% | 5.8% | 5.4% | 4.5% | 3.9% | 3.3% | 2.9% | 4.7% | 4.3% | 3.8% | 2.2% | 0.6% |
| Supplementary Data | ||||||||||||||||||||||||||||||||||||||||
| EPS | -12.08 | -2.69 | 38.55 | -21.49 | 22.37 | -22.01 | 26.33 | 11.14 | 27.20 | 54.24 | -6.79 | 57.39 | 60.59 | 9.28 | 16.09 | 12.44 | 2.60 | -10.06 | 5.20 | 12.50 | 13.61 | 12.50 | 9.53 | 10.27 | 8.91 | 7.42 | 7.18 | 7.76 | 5.94 | 6.19 | 5.65 | 5.57 | 4.08 | 3.59 | 2.97 | 4.70 | 4.70 | 4.33 | 2.72 | 0.49 |
| Diluted EPS | -12.08 | -2.69 | 38.55 | -21.49 | 22.37 | -22.01 | 26.33 | 11.14 | 27.20 | 54.24 | -6.79 | 57.39 | 60.46 | 9.25 | 16.00 | 12.37 | 2.60 | -10.06 | 5.20 | 12.37 | 13.36 | 12.37 | 9.53 | 10.15 | 8.91 | 7.42 | 7.05 | 7.54 | 5.85 | 6.06 | 4.88 | 5.57 | 4.08 | 3.59 | 2.23 | 4.70 | 4.70 | 4.33 | 2.72 | 0.49 |
| Weighted Average OS | 3.10M | 1.40M | 1.43M | 1.49M | 1.59M | 1.73M | 1.72M | 1.74M | 1.84M | 1.83M | 2.33M | 1.76M | 2.32M | 2.33M | 2.15M | 2.26M | 2.30M | 2.28M | 2.26M | 2.24M | 2.22M | 2.21M | 2.18M | 2.25M | 2.32M | 2.36M | 2.36M | 2.55M | 2.71M | 2.10M | 1.78M | 1.29M | 1.27M | 1.17M | 1.11M | 1.06M | 914,418 | 808,090 | 734,628 | 1.01M |
| EBITDA | -$1.49M | $37.82M | $109.62M | $82.17M | $66.76M | $60.59M | $35.03M | $55.96M | $28.68M | $54.53M | $8.7M | $37.61M | $48.89M | $75.85M | $89.57M | $83.68M | $52.3M | $12.89M | $64.08M | $82.63M | $80.09M | $78.38M | $73.41M | $71.36M | $53.76M | $52.31M | $47.7M | $50.5M | $37.9M | $30.6M | $25M | $20.9M | $17.5M | $16.6M | $14.3M | $13.7M | $12.5M | $11.2M | $9.5M | $6.3M |
| EBITDA Margin | -0.4% | 10.4% | 30.0% | 22.3% | 18.2% | 14.0% | 5.2% | 6.9% | 3.4% | 6.4% | 1.0% | 4.5% | 6.5% | 10.3% | 12.6% | 12.4% | 8.3% | 2.1% | 9.8% | 12.9% | 13.2% | 14.2% | 14.7% | 15.5% | 12.0% | 12.8% | 13.2% | 16.5% | 14.4% | 13.7% | 13.4% | 13.2% | 13.2% | 13.2% | 12.4% | 12.9% | 12.6% | 12.1% | 10.6% | 7.4% |
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 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 | FY 1985 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 2014-09-30 | 2013-09-30 | 2012-09-30 | 2011-09-30 | 2010-09-30 | 2009-09-30 | 2008-09-30 | 2007-09-30 | 2006-09-30 | 2005-09-30 | 2004-09-30 | 2003-09-30 | 2002-09-30 | 2001-09-30 | 2000-09-30 | 1999-09-30 | 1998-09-30 | 1997-09-30 | 1996-09-30 | 1995-09-30 | 1994-09-30 | 1993-09-30 | 1992-09-30 | 1991-09-30 | 1990-09-30 | 1989-09-30 | 1988-09-30 | 1987-09-30 | 1986-09-30 |
| Assets | ||||||||||||||||||||||||||||||||||||||||
| Current Assets | ||||||||||||||||||||||||||||||||||||||||
| Cash and Cash Equivalents | $268.78M | $30.71M | $28.07M | $37.47M | $42.35M | $24.5M | $67.77M | $48.56M | $58.58M | $75.81M | $56.52M | $124.29M | $94.63M | $60.36M | $98.99M | $47.56M | $51.4M | $6.86M | $2M | $4.82M | $3.48M | $28.73M | $23.8M | $5.29M | $8.72M | $2.18M | $4M | $9.6M | $2.7M | $600K | $1.4M | $10.3M | $8.8M | $12.6M | $8.3M | $600K | $2.8M | $3.3M | $3.1M | $500K |
| Short-Term Investments | $69.05M | $102.97M | $91.88M | $69.47M | $83.06M | $94.86M | $44.86M | $33.86M | $23.29M | $22.3M | $23.75M | $21.52M | $85.48M | $269.86M | $115.32M | $32.52M | $16.73M | $0 | $0 | $0 | $0 | $466K | $1.11M | $611K | $3.49M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $337.83M | $133.68M | $119.94M | $106.93M | $125.41M | $119.36M | $112.63M | $82.42M | $81.87M | $98.11M | $80.27M | $145.81M | $180.1M | $330.22M | $214.31M | $80.09M | $68.13M | $6.86M | $2M | $4.82M | $3.48M | $29.2M | $24.91M | $5.9M | $12.21M | $2.18M | $4M | $9.6M | $2.7M | $600K | $1.4M | $10.3M | $8.8M | $12.6M | $8.3M | $600K | $2.8M | $3.3M | $3.1M | $500K |
| Accounts Receivable | $23.28M | $25.18M | $22.24M | $29.38M | $28.51M | $19.18M | $21.64M | $15.74M | $15.53M | $14.2M | $17.72M | $15.96M | $7.05M | $7M | $4.13M | $5.82M | $7.66M | $15.62M | $5.29M | $5.86M | $3.3M | $4.39M | $3.25M | $2.96M | $13.13M | $6.79M | $11.1M | $3.5M | $4.9M | $5.5M | $5.1M | $2.2M | $1.3M | $900K | $700K | $900K | $900K | $500K | $500K | $500K |
| Inventory | $3.77M | $4.03M | $2.98M | $3.85M | $3.8M | $2.74M | $4.67M | $7.54M | $7.27M | $6.77M | $7.59M | $6.89M | $6.47M | $6.62M | $5.89M | $6.06M | $6.59M | $6.79M | $7.37M | $7.02M | $6.78M | $6.17M | $5.5M | $5.21M | $5.21M | $5.48M | $4.8M | $4.5M | $4.6M | $3.9M | $3.6M | $3M | $2.8M | $2.4M | $2.3M | $2.4M | $2M | $1.9M | $1.8M | $1.9M |
| Other Current Assets | $9.77M | $2.22M | $1.79M | $6.15M | $3.22M | $3.49M | $3.38M | $3.22M | $4.9M | $4.37M | $3.12M | $17.6M | $561K | $5.16M | $16.26M | $14.89M | $18.53M | $29.61M | $34.47M | $9.89M | $10.6M | $10.55M | $8.32M | $4.57M | $3.62M | $4.17M | $5.2M | $17.4M | $7.8M | $5.1M | $4.4M | $3.9M | $3.4M | $3.5M | $1.8M | $1.8M | $1.9M | $1.2M | $1.4M | $1.6M |
| Total Current Assets | $374.65M | $170.62M | $152.55M | $150.65M | $164.81M | $147.78M | $145.39M | $114.93M | $112.64M | $127.79M | $126.79M | $186.27M | $197.49M | $349M | $240.58M | $109.83M | $90.72M | $60.94M | $49.14M | $30.92M | $24.16M | $50.31M | $41.98M | $18.63M | $34.17M | $18.62M | $25.1M | $35M | $20M | $15.1M | $14.5M | $19.4M | $16.3M | $19.4M | $13.1M | $5.7M | $7.6M | $6.9M | $6.8M | $4.5M |
| Long-Term Assets | ||||||||||||||||||||||||||||||||||||||||
| Property, Plant & Equipment Net | $406.66M | $410.17M | $412.71M | $435.46M | $391.89M | $358.95M | $410.35M | $274.72M | $295.8M | $312.26M | $332.32M | $354.15M | $346.15M | $356.64M | $371.74M | $386.18M | $399.63M | $432.69M | $489.54M | $490.14M | $452.36M | $389.57M | $363.19M | $359.72M | $207.02M | $219.7M | $181.9M | $153.6M | $142.8M | $110.7M | $78.1M | $51.7M | $43.5M | $35.1M | $38.5M | $39M | $41.8M | $34.9M | $40.3M | $42M |
| Goodwill | $52.57M | $52.5M | $53.53M | $53.51M | $53.55M | $53.6M | $40.04M | $40.05M | $40.08M | $40M | $40.02M | $40.16M | $28.25M | $27.53M | $27.53M | $28.76M | $14.5M | $14.5M | $14.5M | $14.48M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $23.67M | $22.82M | $23.23M | $23.04M | $23.46M | $24.07M | $27.35M | $28.11M | $26.56M | $26.05M | $21.67M | $22.91M | $7.72M | $6.25M | $6.95M | $7.96M | $1.57M | $9.45M | $1.91M | $2.15M | $9.84M | $0 | $1.29M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $154.99M | $201.73M | $199.1M | $155.79M | $250.4M | $419.55M | $505.54M | $557.48M | $566.02M | $577.64M | $471.69M | $557.24M | $397.7M | $25.27M | $18.78M | $23.5M | -$13.73M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $8.13M | $0 | $19.34M | $16.66M | $11.49M | $12.47M | $10.69M | $13.52M | $0 | $0 | $0 | $0 | $0 | $13.73M | $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 | $36.59M | $8.31M | $8.3M | $1.88M | $10.7M | -$5.32M | -$6.02M | $2.7M | $10.01M | $2.54M | -$2.09M | $14.01M | $11.24M | $9.11M | $7.28M | $7.61M | $8.08M | $2.56M | $7.67M | $4.82M | $4.98M | $5.24M | $9.2M | $17.55M | $3.88M | $2.45M | $3.5M | $3.3M | $4.5M | $5.6M | $7.2M | $9.2M | $10.8M | $12.6M | $12.5M | $11.1M | $600K | $5M | $2.2M | $1.4M |
| Total Long-Term Assets | $674.48M | $695.52M | $696.87M | $677.82M | $730M | $870.19M | $993.92M | $914.56M | $950.95M | $969.18M | $877.13M | $988.46M | $791.06M | $424.79M | $432.28M | $454.01M | $423.78M | $459.2M | $513.63M | $511.6M | $467.18M | $394.81M | $373.68M | $377.27M | $210.9M | $222.15M | $185.4M | $156.9M | $147.3M | $116.3M | $85.3M | $60.9M | $54.3M | $47.7M | $51M | $50.1M | $42.4M | $39.9M | $42.5M | $43.4M |
| Other 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 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $1.05B | $866.13M | $849.42M | $828.47M | $894.81M | $1.02B | $1.14B | $1.03B | $1.06B | $1.1B | $1B | $1.17B | $988.54M | $773.79M | $672.86M | $563.84M | $514.5M | $520.14M | $562.76M | $542.52M | $491.34M | $445.12M | $415.66M | $395.89M | $245.07M | $240.77M | $210.5M | $191.9M | $167.3M | $131.4M | $99.8M | $80.3M | $70.6M | $67.1M | $64.1M | $55.8M | $50M | $46.8M | $49.3M | $47.9M |
| Liabilities | ||||||||||||||||||||||||||||||||||||||||
| Current Liabilities | ||||||||||||||||||||||||||||||||||||||||
| Accounts Payable | $34.17M | $28.54M | $22.45M | $28.43M | $36.68M | $26.54M | $3.35M | $41.97M | $40.62M | $33.96M | $34.65M | $39.21M | $31.14M | $33.21M | $29.24M | $26.75M | $22.29M | $25.3M | $28.31M | $28.26M | $32.5M | $23.6M | $20.3M | $14.7M | $13.99M | $16.03M | $18.4M | $14.2M | $14.3M | $13.5M | $9.2M | $7.2M | $5.5M | $5.4M | $5.2M | $0 | $0 | $0 | $0 | $0 |
| Short-Term Debt | $33.07M | $35M | $0 | $10M | $0 | $152.26M | $18.74M | $5.72M | $1.47M | $1.56M | $2M | $2.92M | $9.75M | $12.14M | $26.14M | $18.15M | $18.52M | $14.91M | $34.09M | $16.8M | $7.86M | $10.54M | $9.49M | $7.21M | $6.9M | $4.87M | $4M | $2.6M | $2.1M | $6.3M | $5.4M | $4.6M | $3.9M | $3.1M | $2.2M | $1.6M | $1.6M | $1.6M | $1.5M | $3.1M |
| Current Income Tax Payable | $0 | $8.13M | $11.05M | $14.9M | $11.39M | $10.92M | $29.27M | $11.21M | $10.57M | $12.25M | $12.41M | $14.07M | $12.99M | $13.07M | $16.66M | $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 | $27.2M | $27.61M | $26.74M | $28.97M | $37.59M | $44.42M | $31.2M | $34.37M | $36.96M | $32.73M | $30.87M | $17.87M | $0 | $62.61M | $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 | $24.2M | $22.16M | $27.99M | $17.45M | $13.1M | -$5.83M | $22.51M | $49.33M | $56.21M | $45.94M | $43.85M | $72.55M | $43.51M | $31.66M | $34.51M | $23.14M | $21.42M | $21.7M | $0 | $30.04M | $0 | $0 | $0 | $0 | $0 | $20.2M | $19.1M | $19.7M | $22.1M | $17.5M | $14.4M | $12.7M | $9.1M | $11M | $9.8M | $15.6M | $12.1M | $9.4M | $11.5M | $8.2M |
| Total Current Liabilities | $156M | $147.32M | $111.1M | $134.9M | $143.64M | $288.45M | $139.82M | $122.98M | $135.49M | $120.01M | $117.56M | $113.03M | $113.01M | $124.29M | $114.87M | $90.76M | $75.53M | $76.32M | $92.08M | $83.08M | $67.77M | $65.75M | $58.21M | $50.29M | $39.01M | $41.1M | $41.5M | $36.5M | $38.5M | $37.3M | $29M | $24.5M | $18.5M | $19.5M | $17.2M | $17.2M | $13.7M | $11M | $13M | $11.3M |
| Long-Term Liabilities | ||||||||||||||||||||||||||||||||||||||||
| Long-Term Debt | $213.92M | $10M | $0 | $0 | $0 | $0 | $179.05M | $180.26M | $181.52M | $197.63M | $205.88M | $215.48M | $110.5M | $120.25M | $101.42M | $17.78M | $48K | $15.78M | $16.51M | $18.8M | $6.28M | $9.43M | $16.2M | $24.42M | $28.38M | $40.06M | $27.2M | $30.9M | $34.7M | $36M | $28.3M | $36.1M | $41M | $45.7M | $51.2M | $16M | $18.1M | $21.4M | $23.4M | $25.7M |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $12.16M | -$244.82M | $6.73M | $6.63M | $6.66M | $6.45M | $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 Deferred Tax Liabilities | $41.78M | $29.39M | $37.94M | $31.34M | $46.53M | $41.35M | $54.23M | $86.87M | $88.4M | $152.31M | $125.13M | $96.76M | $84.53M | $8.68M | $6.66M | $10.31M | $9.39M | $2.21M | $4.87M | $5.8M | $8.81M | $3.25M | $3.05M | $5.06M | $5.99M | $7.5M | $6.2M | $4.2M | $1.2M | $300K | $0 | $0 | $0 | $0 | $100K | $100K | $200K | $600K | $0 | $0 |
| Other Long-Term Liabilities | $16.31M | $15.72M | $14.66M | $14.82M | $12.46M | $11.7M | $0 | $96.05M | $93.04M | $156.83M | $116.12M | $4.58M | $9.67M | $9M | $8.91M | $9.5M | $7.4M | $1.1M | $7.13M | $3.81M | $2.64M | $121K | $22K | $537K | -$127.92M | $0 | $100K | -$100K | -$100K | $0 | -$100K | $0 | $0 | $100K | $0 | $0 | $0 | $0 | $0 | $100K |
| Total Long-Term Liabilities | $369.71M | $145.86M | $138.99M | $138.01M | $163.47M | $164.69M | $383.19M | $336.05M | $356.76M | $445.02M | $434.99M | $422.98M | $310.94M | $248.28M | $233.06M | $161.84M | $146.92M | $160.24M | $167.61M | $172.4M | $165.07M | $153.88M | $163.55M | $178.55M | $40.26M | $47.56M | $33.5M | $35M | $35.8M | $36.3M | $28.2M | $36.1M | $41M | $45.8M | $51.3M | $16.1M | $18.3M | $22M | $23.4M | $25.8M |
| Other 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 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $525.71M | $293.17M | $250.09M | $272.91M | $307.11M | $453.14M | $523.01M | $459.04M | $492.26M | $565.03M | $552.55M | $536.01M | $423.95M | $372.57M | $347.93M | $252.6M | $222.45M | $236.56M | $259.69M | $255.49M | $232.83M | $219.63M | $221.76M | $228.84M | $79.27M | $88.66M | $75M | $71.5M | $74.3M | $73.6M | $57.2M | $60.6M | $59.5M | $65.3M | $68.5M | $33.3M | $32M | $33M | $36.4M | $37.1M |
| Stockholders' Equity | ||||||||||||||||||||||||||||||||||||||||
| Preferred Stock | $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 |
| Common Stock | $1.14M | $1.14M | $1.14M | $1.14M | $1.14M | $1.14M | $1.14M | $1.14M | $1.07M | $1.07M | $1.07M | $1.07M | $899K | $756K | $756K | $756K | $15.17M | $15.17M | $15.17M | $15.17M | $15.17M | $15.17M | $15.17M | $15.17M | $15.08M | $14.96M | $14.8M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Retained Earnings | $590.21M | $627.7M | $631.46M | $576.51M | $608.53M | $573.05M | $611.04M | $564.16M | $565.5M | $515.43M | $415.98M | $340.77M | $348.34M | $251.98M | $230.39M | $195.82M | $167.73M | $161.73M | $183.53M | $173.22M | $149.87M | $120.91M | $92.7M | $67.18M | $47.88M | $26.08M | $7.5M | $19M | -$5.4M | $1.3M | $6.4M | $3M | $1.7M | $1M | -$4.6M | $18.4M | $18.3M | $17.2M | $16.4M | $14.4M |
| Comprehensive Income & Other | -$1.35M | -$2.87M | -$2.52M | -$2.79M | -$1.91M | -$1.53M | -$2.81M | -$2.52M | -$1.4M | -$3.58M | -$3.68M | -$522K | $21.46M | $43.9M | -$5.47M | -$1.15M | $112K | -$239.29M | -$224.78M | -$199.3M | -$189.13M | -$3.25M | -$1.84M | -$324K | -$928K | -$1.31M | -$2.5M | -$67.1M | -$56.4M | -$47M | -$51.7M | -$46.7M | -$42.3M | -$39.1M | -$36.3M | -$33.3M | -$30.3M | -$38.4M | -$34.9M | -$32.4M |
| Other Stockholders' Equity | -$67.92M | -$55.88M | -$33.27M | -$30.68M | -$21.97M | -$9.36M | $4.12M | $5.16M | $4.75M | $15.44M | $34.32M | $296.87M | $215.35M | $96.39M | $48.53M | $52.41M | $108.96M | $106.68M | $104.38M | $98.65M | $93.47M | $89.42M | $86.02M | $84.71M | $102.84M | $111.07M | $113.2M | $101.4M | $98.4M | $56.5M | $36.2M | $16.7M | $9.4M | $800K | $200K | $4.1M | -$300K | -$3.4M | -$3.5M | -$3.6M |
| Total Equity | $523.43M | $572.96M | $599.33M | $546.97M | $587.7M | $564.83M | $616.3M | $570.46M | $571.33M | $531.94M | $451.37M | $638.72M | $564.59M | $349.13M | $279.68M | $249M | $291.86M | $283.58M | $303.07M | $287.04M | $258.51M | $225.49M | $193.89M | $167.05M | $165.8M | $152.11M | $135.5M | $120.4M | $93M | $57.8M | $42.6M | $19.7M | $11.1M | $1.8M | -$4.4M | $22.5M | $18M | $13.8M | $12.9M | $10.8M |
| Minority Interest | $0 | $0 | $0 | $8.6M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $52.09M | $45.25M | $62.24M | $186K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $1.05B | $866.13M | $849.42M | $819.87M | $894.81M | $1.02B | $1.14B | $1.03B | $1.06B | $1.1B | $1B | $1.17B | $988.54M | $721.7M | $627.61M | $501.59M | $514.31M | $520.14M | $562.76M | $542.52M | $491.34M | $445.12M | $415.66M | $395.89M | $245.07M | $240.77M | $210.5M | $191.9M | $167.3M | $131.4M | $99.8M | $80.3M | $70.6M | $67.1M | $64.1M | $55.8M | $50M | $46.8M | $49.3M | $47.9M |
| Supplementary Data | ||||||||||||||||||||||||||||||||||||||||
| Total Debt | $358.64M | $150.19M | $101.24M | $118.83M | $121.38M | $281.27M | $352.71M | $245.72M | $263.74M | $288.68M | $307.43M | $324.58M | $232.74M | $248.45M | $248.9M | $164.74M | $152.98M | $169.92M | $189.71M | $179.6M | $161.48M | $161.05M | $169.98M | $180.16M | $34.17M | $44.92M | $31.2M | $33.5M | $36.8M | $42.3M | $33.7M | $40.7M | $44.9M | $48.8M | $53.4M | $17.6M | $19.7M | $23M | $24.9M | $28.8M |
| Net Debt | $89.86M | $119.48M | $73.18M | $81.36M | $79.03M | $256.77M | $284.94M | $197.16M | $205.16M | $212.88M | $250.9M | $200.29M | $138.11M | $188.09M | $149.91M | $117.17M | $101.59M | $163.07M | $187.7M | $174.78M | $158M | $132.32M | $146.17M | $174.87M | $25.46M | $42.74M | $27.2M | $23.9M | $34.1M | $41.7M | $32.3M | $30.4M | $36.1M | $36.2M | $45.1M | $17M | $16.9M | $19.7M | $21.8M | $28.3M |
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 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 | 2014-09-30 | 2013-09-30 | 2012-09-30 | 2011-09-30 | 2010-09-30 | 2009-09-30 | 2008-09-30 | 2007-09-30 | 2006-09-30 | 2005-09-30 | 2004-09-30 | 2003-09-30 | 2002-09-30 | 2001-09-30 | 2000-09-30 | 1999-09-30 | 1998-09-30 | 1997-09-30 | 1996-09-30 | 1995-09-30 | 1994-09-30 | 1993-09-30 | 1992-09-30 | 1991-09-30 |
| Operating Activities | |||||||||||||||||||||||||||||||||||
| Net Income | -$37.49M | -$3.76M | $54.95M | -$32.3M | $35.48M | -$37.99M | $45.38M | $19.39M | $50.07M | $99.45M | -$15.84M | $28.8M | $142.17M | $24.75M | $33.96M | $29.42M | $6M | -$22.98M | $11.81M | $28M | $30.22M | $27.66M | $20.94M | $23.09M | $21.8M | $18.59M | $18.7M | $19.7M | $16.1M | $13M | $10M | $7.2M | $5.2M | $4.2M | $3.3M |
| Depreciation & Amortization | $40.78M | $39.84M | $38.98M | $36.44M | $30.05M | $32.22M | $29.58M | $19.32M | $21.45M | $22.93M | $24.78M | $24.91M | $25.25M | $26.42M | $28.36M | $29.26M | $31.37M | $33.66M | $32.19M | $28.97M | $26.95M | $24.71M | $24.17M | $23.1M | $17.48M | $16.41M | $14.1M | $15.8M | $14.2M | $11.8M | $9M | $7.5M | $5.7M | $5.4M | $5.1M |
| Deferred Income Tax | -$11.48M | -$8.49M | $6.57M | -$15.58M | $5.27M | -$12.22M | -$38.55M | -$2.15M | -$64.32M | $38.48M | -$26.48M | $9.16M | $72.03M | -$2.73M | $0 | -$3.34M | $6.46M | -$2.19M | -$483K | -$956K | $1.77M | $230K | -$1.89M | -$1.3M | $2.44M | $1.44M | $2.1M | $1.5M | $200K | $400K | $300K | $1.1M | $500K | -$300K | -$200K |
| Stock-Based Compensation | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $526K | $888K | $950K | $1.74M | $2.88M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | |||||||||||||||||||||||||||||||||||
| Accounts Receivable | $3.46M | -$5.24M | $5.78M | $3.34M | -$9.32M | $7.01M | $3.67M | -$359K | -$2.23M | $4.28M | $686K | -$8.62M | $195K | -$3.66M | $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 | -$3.67M | $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 |
| Accounts Payable | $10.16M | $368K | -$12.23M | -$24.58M | -$592K | -$32.48M | -$16.25M | -$12.22M | $15.04M | $3.91M | $4.28M | $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 Working Capital | -$6.81M | -$2.09M | $2.81M | $8.52M | $136K | $733K | $14.12M | $177K | $13.07M | $8.3M | $7.26M | -$6.24M | $639K | -$4.26M | $15M | $12.66M | $2.81M | -$4.71M | -$9.18M | $8.2M | $1.5M | -$5.55M | $2.29M | $9.84M | -$1.52M | $2.08M | -$1.6M | -$100K | -$300K | $3.4M | $1.7M | $2.1M | -$2.5M | $200K | $2.1M |
| Total Working Capital Change | $6.8M | -$6.97M | -$3.64M | -$12.72M | -$9.78M | -$24.73M | -$2.13M | -$12.04M | $13.07M | $8.3M | $7.26M | -$6.24M | $639K | -$4.26M | $15M | $12.66M | $2.81M | -$4.71M | -$9.18M | $8.2M | $1.5M | -$5.55M | $2.29M | $9.84M | -$1.52M | $2.08M | -$1.6M | -$100K | -$300K | $3.4M | $1.7M | $2.1M | -$2.5M | $200K | $2.1M |
| Other Non-Cash Items | $108.35M | $29.03M | -$23.85M | $151.99M | $167.75M | $160.27M | $59.4M | -$3.84M | $5.51M | -$105.82M | $62.78M | -$29.06M | -$201.83M | $4.9M | -$6.7M | -$1.12M | $2.8M | $17.51M | $8.5M | $4.46M | $3.85M | $338K | $5.2M | $289K | -$58K | $339K | $100K | -$200K | $0 | $200K | $0 | -$100K | -$100K | $100K | $0 |
| Net Cash from Operating | $106.96M | $49.66M | $73M | $127.83M | $228.77M | $117.56M | $93.68M | $20.68M | $25.78M | $63.35M | $52.5M | $27.57M | $38.79M | $49.97M | $71.58M | $68.62M | $52.31M | $24.43M | $43.43M | $69.58M | $64.28M | $47.39M | $50.7M | $55.01M | $40.13M | $38.86M | $33.4M | $36.7M | $30.2M | $28.8M | $21M | $17.8M | $8.8M | $9.6M | $10.3M |
| Investing Activities | |||||||||||||||||||||||||||||||||||
| Capital Expenditures | -$30.35M | -$30.59M | -$23.41M | -$29.75M | -$64.55M | -$20.7M | -$17.68M | -$17.8M | -$8.03M | -$12.03M | -$11.08M | -$35.81M | -$14.17M | -$8.68M | -$13.02M | -$8.65M | -$5.75M | -$31.44M | -$68.64M | -$90.44M | -$63.62M | -$46.28M | -$30.71M | -$41.35M | -$37.2M | -$73.46M | -$67M | -$51.4M | -$52.2M | -$46.2M | -$42.9M | -$20.6M | -$14.8M | -$6.8M | -$6.4M |
| Acquisitions | -$89.11M | -$75.94M | -$5.39M | -$106.84M | -$12.3M | -$106.32M | -$91.06M | -$39.04M | $1M | $1.08M | $135K | -$40.14M | -$2.07M | $2.38M | $196K | -$2.45M | $0 | $0 | $0 | $0 | -$16.08M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | -$57.84M | -$67.44M | -$107.87M | -$134.45M | -$110.2M | -$299.95M | -$154.85M | -$58.64M | -$46.35M | -$49.93M | -$114.76M | -$112.53M | -$46.98M | -$108.83M | -$171.89M | -$73.23M | -$3.05M | $0 | $0 | $0 | $0 | -$621K | -$509K | -$16.38M | -$5.5M | $0 | $0 | -$5M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $90.86M | $57.45M | $90.98M | $129.12M | $118.42M | $293.07M | $149.03M | $48.56M | $41.84M | $32.09M | $12.41M | $11.99M | $1K | $38.11M | $90.06M | $47.11M | $230K | $0 | $0 | $0 | $466K | $6.2M | $5.17M | $9.27M | $2M | $0 | $5M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $20.98M | $29.14M | -$20.4M | $5.32M | $10.1M | $4.42M | $44.58M | $41.63M | $1M | $1.08M | $135K | $5.74M | $2.45M | -$10.87M | $5.15M | $5.79M | $13.52M | $14.85M | $8.53M | $3.12M | $4.37M | $2.68M | $1.63M | $2.35M | $26.6M | $22.1M | $19.7M | $31.9M | $11.5M | $6.6M | $6.7M | $7.1M | $1.7M | $5.6M | $3.1M |
| Net Cash from Investing | -$65.47M | -$87.39M | -$66.08M | -$136.6M | -$58.52M | -$129.49M | -$69.98M | -$25.29M | -$11.55M | -$28.8M | -$113.3M | -$170.76M | -$60.77M | -$87.89M | -$89.5M | -$31.42M | $4.95M | -$16.59M | -$60.11M | -$87.31M | -$74.87M | -$38.02M | -$24.41M | -$46.11M | -$14.1M | -$51.37M | -$42.3M | -$24.5M | -$40.7M | -$39.6M | -$36.2M | -$13.5M | -$13.1M | -$1.2M | -$3.3M |
| Financing Activities | |||||||||||||||||||||||||||||||||||
| Debt Repaid | -$214.28M | -$39.48M | $6.13M | -$3.86M | $156.16M | $29.11M | $8.01M | $7.4M | $22.83M | $14.89M | $12.34M | -$90.72M | $18.04M | -$14.56M | -$87.16M | $5.15M | $17.14M | $6.61M | -$9.14M | $7.32M | $13.75M | $11.28M | $7.34M | $7.32M | $12.93M | -$11.9M | $2.2M | $2.5M | $4.9M | -$8.9M | -$5.7M | $3.7M | -$400K | $4.2M | -$19.2M |
| Common Stock Issuance | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $49K | $30K | $64K | $222K | $85.87M | $75.59M | $0 | $0 | $2.65M | $895K | $1M | $1.89M | $1.99M | $2.26M | $2.12M | $1.42M | $1.17M | $1.29M | $1.83M | $1.6M | $1.3M | $17.5M | $1.2M | $500K | $700K | $0 | $200K | $200K |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$8K | $0 | -$39.38M | $0 | $0 | $0 | -$312K | $0 | $0 | -$989K | -$19.7M | -$10.25M | -$5.3M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$100K |
| Dividends Paid | $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 | -$12K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$18.5M |
| Other Financing Activities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $49K | $30K | $64K | $222K | $175.61M | -$1.21M | -$267K | -$14.27M | $852K | -$34K | $137K | $202K | $72K | $650K | $600K | $0 | $13.51M | $2.39M | $19.1M | -$100K | $0 | -$100K | $0 | $0 | $100K | $100K | $0 | $0 |
| Net Cash from Financing | $196.53M | $39.48M | -$16.13M | $3.86M | -$156.16M | -$29.11M | -$8.01M | -$7.53M | -$23M | -$15.23M | -$12.31M | $172.87M | $56.34M | -$709K | $69.35M | -$41.03M | -$12.72M | -$2.48M | $13.36M | $19.49M | -$11.49M | -$9.02M | -$6.78M | -$12.33M | -$19.5M | $10.68M | -$700K | -$1.2M | $12.5M | $10.1M | $6.2M | -$2.9M | $500K | -$4M | $800K |
| Forex Effect | $39K | $22K | $59K | $38K | -$64K | $10K | -$5K | -$78K | $165K | -$38K | -$36K | -$16K | -$103K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$100K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $238.06M | $1.78M | -$9.15M | -$4.88M | $14.02M | -$41.03M | $15.69M | -$12.22M | -$8.6M | $19.29M | -$73.15M | $29.66M | $34.27M | -$38.63M | $51.42M | -$3.83M | $44.54M | $5.36M | -$3.32M | $1.76M | -$22.09M | $355K | $19.51M | -$3.43M | $6.54M | -$1.83M | -$9.7M | $11M | $2M | -$700K | -$9M | $1.4M | -$3.8M | $4.4M | $7.8M |
| Supplementary Data | |||||||||||||||||||||||||||||||||||
| Operating Cash Flow | $106.96M | $49.66M | $73M | $127.83M | $228.77M | $117.56M | $93.68M | $20.68M | $25.78M | $63.35M | $52.5M | $27.57M | $38.79M | $49.97M | $71.58M | $68.62M | $52.31M | $24.43M | $43.43M | $69.58M | $64.28M | $47.39M | $50.7M | $55.01M | $40.13M | $38.86M | $33.4M | $36.7M | $30.2M | $28.8M | $21M | $17.8M | $8.8M | $9.6M | $10.3M |
| Capital Expenditure | -$30.35M | -$30.59M | -$23.41M | -$29.75M | -$64.55M | -$20.7M | -$17.68M | -$17.8M | -$8.03M | -$12.03M | -$11.08M | -$35.81M | -$14.17M | -$8.68M | -$13.02M | -$8.65M | -$5.75M | -$31.44M | -$68.64M | -$90.44M | -$63.62M | -$46.28M | -$30.71M | -$41.35M | -$37.2M | -$73.46M | -$67M | -$51.4M | -$52.2M | -$46.2M | -$42.9M | -$20.6M | -$14.8M | -$6.8M | -$6.4M |
| Free Cash Flow | $76.61M | $19.07M | $49.6M | $98.08M | $164.22M | $96.85M | $76M | $2.88M | $17.75M | $51.32M | $41.41M | -$8.24M | $24.63M | $41.29M | $58.56M | $59.97M | $46.56M | -$7.01M | -$25.21M | -$20.86M | $657K | $1.11M | $20M | $13.66M | $2.93M | -$34.6M | -$33.6M | -$14.7M | -$22M | -$17.4M | -$21.9M | -$2.8M | -$6M | $2.8M | $3.9M |
| Cash at Beginning | $31.43M | $29.65M | $38.8M | $43.69M | $29.67M | $70.7M | $55.01M | $67.23M | $75.83M | $56.52M | $129.67M | $94.63M | $60.36M | $98.99M | $47.56M | $51.4M | $6.86M | $1.5M | $4.82M | $3.06M | $25.15M | $24.8M | $5.29M | $8.72M | $2.18M | $4.01M | $13.7M | $2.7M | $600K | $1.4M | $10.3M | $8.8M | $12.6M | $8.3M | $600K |
| Cash at End | $269.49M | $31.43M | $29.65M | $38.8M | $43.69M | $29.67M | $70.7M | $55.01M | $67.23M | $75.81M | $56.52M | $124.29M | $94.63M | $60.36M | $98.99M | $47.56M | $51.4M | $6.86M | $1.5M | $4.82M | $3.06M | $25.15M | $24.79M | $5.29M | $8.72M | $2.18M | $4M | $13.7M | $2.6M | $700K | $1.3M | $10.2M | $8.8M | $12.7M | $8.4M |