BROWN & BROWN, INC. (BRO)
Brown & Brown, Inc. operates as an insurance brokerage firm, providing a diverse range of products and services throughout the United States, Bermuda, Canada, Ireland, the United Kingdom, and the Cayman Islands. The company's operations are strategically divided into four primary segments: Retail, National Programs, Wholesale Brokerage, and Services. The Retail division delivers a comprehensive suite of property and casualty, employee benefits, personal, and specialized insurance offerings, complemented by services such as loss control assessments, consulting, and claims processing. This segment caters to a broad spectrum of clients, including commercial entities, public and quasi-public organizations, professionals, and individuals. The National Programs segment focuses on professional liability and associated bundled insurance products for specific sectors like dentistry, law, optometry, insurance, finance, medicine, and real estate title professionals, alongside supplementary coverages for events, medical facilities, and cyber risks. This segment also provides outsourced services to insurance carrier partners, encompassing product development, marketing, underwriting, actuarial analysis, compliance, claims, and other administrative support, while additionally managing commercial and public entity programs and flood insurance, largely through independent agents. The Wholesale Brokerage segment facilitates the distribution of excess and surplus commercial and personal lines insurance via independent agents and brokers. Finally, the Services segment offers critical support functions such as third-party claims administration and medical utilization management for workers' compensation and all-lines liability, along with Medicare Set-aside provisions, Social Security disability assistance, Medicare benefits advocacy, and claims adjusting services. Founded in 1939, Brown & Brown, Inc. is headquartered in Daytona Beach, Florida.
Sector: Insurance Agents, Brokers & Service
Industry: Insurance - Brokers
Brown & Brown, Inc.
NYSE:BROFinancial Services · Insurance - Brokers
-2.04%$72.97
AH Close$72.97+0.00%vs close
AH Close$72.97+0.00%vs close
Mkt Cap$24.42B
Float291.38M
O/S334.61M
Inst Own83.9%
SI4.8%
Div Yield0.90%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$5.76B
Net Income$1.05B
Total Assets$29.99B
Free Cash Flow$1.38B
Debt & Equity
Debt 39%
Equity 61%
Total Debt$7.92B
Total Equity$12.55B
Shares Outstanding
Short Interest
Split History2 splits
- 2:1Forward splitMar 29, 20181 share → 2
- 2:1Forward splitNov 29, 20051 share → 2
Balance Sheet Details
Assets$29.99B
Liabilities$17.42B
Accounts Receivable$3.6B
Accounts Payable$990M
Inventory$0
PP&E (Net)$636M
Goodwill$15.09B
Intangible Assets$4.91B
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 | $5.76B | $4.71B | $4.2B | $3.56B | $3.05B | $2.61B | $2.38B | $2.01B | $1.86B | $1.76B | $1.66B | $1.57B | $1.36B | $1.19B | $1.01B | $966.92M | $967.88M | $977.55M | $959.67M | $878M | $785.81M | $646.93M | $546.72M | $455.74M | $365.03M | $265.4M | $188.39M | $171.49M | $143.5M | $128.16M | $106.36M | $101.58M | $95.6M | $52.4M | $48.5M | $46.7M | $41.6M | $34.7M | $31M | $33.1M |
| YoY Growth | 22.5% | 12.1% | 17.9% | 16.9% | 16.9% | 9.3% | 18.7% | 8.2% | 5.4% | 6.4% | 5.7% | 15.6% | 14.0% | 18.2% | 4.0% | -0.1% | -1.0% | 1.9% | 9.3% | 11.7% | 21.5% | 18.3% | 20.0% | 24.9% | 37.5% | 40.9% | 9.9% | 19.5% | 12.0% | 20.5% | 4.7% | 6.3% | 82.4% | 8.0% | 3.9% | 12.3% | 19.9% | 11.9% | -6.3% | - |
| Cost of Revenue | $2.94B | $2.41B | $2.19B | $1.82B | $1.64B | $1.44B | $1.31B | $1.07B | $994.65M | $925.22M | $856.95M | $811.11M | $683M | $608.51M | $508.68M | $487.82M | $0 | $0 | $0 | $0 | $374.94M | $0 | $268.37M | $0 | $0 | $0 | $0 | $0 | $0 | $28.08M | $22.95M | $22.85M | $18.5M | $10.9M | $10.6M | $10.4M | $9.8M | $16.2M | $15.3M | $23.5M |
| Gross Profit | $2.83B | $2.3B | $2.01B | $1.75B | $1.41B | $1.17B | $1.08B | $940.94M | $862.62M | $837.57M | $800M | $756.35M | $672.5M | $580.58M | $497.29M | $479.1M | $967.88M | $977.55M | $959.67M | $878M | $407.18M | $646.93M | $278.34M | $455.74M | $365.03M | $265.4M | $188.39M | $171.49M | $143.5M | $100.08M | $83.41M | $78.73M | $77.1M | $41.5M | $37.9M | $36.3M | $31.8M | $18.5M | $15.7M | $9.6M |
| Gross Margin | 49.1% | 48.9% | 47.9% | 49.0% | 46.3% | 44.9% | 45.1% | 46.8% | 46.4% | 47.5% | 48.3% | 48.3% | 49.6% | 48.8% | 49.4% | 49.5% | 100.0% | 100.0% | 100.0% | 100.0% | 51.8% | 100.0% | 50.9% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 78.1% | 78.4% | 77.5% | 80.6% | 79.2% | 78.1% | 77.7% | 76.4% | 53.3% | 50.6% | 29.0% |
| 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 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $15.51M | $19.36M | $22.6M | $15.87M | $11.19M | $6.84M | $492.04M | $493.1M | $449.77M | $410.31M | $378.28M | $316.85M | $2.27M | $224.75M | $187.65M | $149.84M | $131.27M | $90.05M | $74.93M | $66.54M | $55.07M | $52.55M | $51.2M | $28M | $23.8M | $23.6M | $19.9M | $9.8M | $9.4M | $0 |
| Other | $0 | $932M | $856M | $783M | $555.9M | $500.8M | $505.8M | $441.5M | $391.61M | $370.54M | $343.85M | $319.8M | $281.09M | $253.34M | $211.23M | $199.93M | $206.49M | $197.27M | $184.57M | $174.3M | -$226.01M | $115.98M | $100.29M | $91.66M | $81.19M | $60.24M | $12.28M | -$132.15M | -$111.54M | $5.21M | $27.96M | $0 | $6.9M | $4.5M | $3.7M | $3.5M | $2.4M | $1.7M | $1.6M | $1.5M |
| Total Operating Expenses | $0 | $932M | $856M | $783M | $555.9M | $500.8M | $505.8M | $441.5M | $391.61M | $370.54M | $359.37M | $339.16M | $303.7M | $269.2M | $222.42M | $206.78M | $698.52M | $690.37M | $634.34M | $584.61M | $152.26M | $432.83M | $102.56M | $316.42M | $268.85M | $210.07M | $143.55M | -$42.1M | -$36.61M | $71.75M | $83.04M | $52.55M | $58.1M | $32.5M | $27.5M | $27.1M | $22.3M | $11.5M | $11M | $1.5M |
| Operating Income (EBIT) | $2.83B | $1.37B | $1.16B | $963M | $854.7M | $668.9M | $570.77M | $499.45M | $471M | $467.03M | $440.63M | $417.18M | $368.81M | $311.38M | $274.87M | $272.32M | $269.35M | $287.19M | $325.33M | $293.4M | $258.6M | $214.1M | $175.78M | $139.32M | $96.18M | $55.33M | $44.84M | $213.59M | $180.11M | $28.33M | $378K | $26.18M | $19M | $9M | $10.4M | $9.2M | $9.5M | $7M | $4.7M | $8.1M |
| Operating Margin | 49.1% | 29.1% | 27.5% | 27.0% | 28.0% | 25.7% | 23.9% | 24.8% | 25.4% | 26.5% | 26.6% | 26.6% | 27.2% | 26.2% | 27.3% | 28.2% | 27.8% | 29.4% | 33.9% | 33.4% | 32.9% | 33.1% | 32.2% | 30.6% | 26.3% | 20.8% | 23.8% | 124.6% | 125.5% | 22.1% | 0.4% | 25.8% | 19.9% | 17.2% | 21.4% | 19.7% | 22.8% | 20.2% | 15.2% | 24.5% |
| Interest Expense | $297M | $201M | $197M | $148M | $65M | $59M | $63.66M | $40.58M | $38.32M | $39.48M | $39.25M | $28.41M | $16.44M | $16.1M | $14.13M | $14.47M | $14.6M | $14.69M | $13.8M | $13.36M | $14.47M | $7.16M | $3.62M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Interest Income | $139M | $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 |
| Other Income (Expense) | -$1.46B | -$64M | -$10M | -$87M | -$91.9M | -$44.8M | -$44.84M | -$36.98M | -$21.28M | -$43.53M | -$38.07M | -$77.44M | -$11.2M | -$6.56M | -$4.35M | -$6.22M | -$14.6M | -$14.69M | -$13.8M | -$13.36M | -$14.47M | -$7.16M | $701K | -$4.66M | -$5.7M | -$1.27M | -$828K | -$174.98M | -$149.13M | -$972K | $22.95M | -$5.59M | -$6.1M | -$3.9M | -$3.2M | -$2.6M | -$4.9M | -$400K | -$800K | $200K |
| Income Before Tax (EBT) | $1.37B | $1.3B | $1.15B | $876M | $762.8M | $624.1M | $525.93M | $462.46M | $449.72M | $423.5M | $402.56M | $339.75M | $357.61M | $304.81M | $270.52M | $266.1M | $254.75M | $272.5M | $311.53M | $280.04M | $244.13M | $206.95M | $176.48M | $134.66M | $90.48M | $54.06M | $44.01M | $38.6M | $30.98M | $27.36M | $23.33M | $20.59M | $12.9M | $5.1M | $7.2M | $6.6M | $4.6M | $6.6M | $3.9M | $8.3M |
| Income Tax Expense | $304M | $301M | $275.6M | $204.3M | $175.7M | $143.6M | $127.42M | $118.21M | $50.09M | $166.01M | $159.24M | $132.85M | $140.5M | $120.77M | $106.53M | $104.35M | $101.46M | $106.37M | $120.57M | $107.69M | $93.58M | $78.11M | $66.16M | $49.27M | $34.83M | $20.15M | $17.04M | $15.04M | $12M | $10.6M | $8.53M | $7.07M | $4.9M | $2.2M | $2.6M | $2.5M | $1.5M | $2.5M | $1.6M | $3.9M |
| Net Income | $1.05B | $993M | $870.5M | $671.8M | $587.1M | $480.5M | $398.51M | $344.25M | $399.63M | $257.49M | $243.32M | $206.9M | $217.11M | $184.04M | $164M | $161.75M | $153.29M | $166.12M | $190.96M | $172.35M | $150.55M | $128.84M | $110.32M | $83.12M | $53.91M | $32.79M | $26.79M | $23.56M | $18.99M | $16.77M | $14.8M | $13.52M | $8M | $1.3M | $4.6M | $4.1M | $3.1M | $4.1M | $1.5M | $4.4M |
| Net Income Margin | 18.3% | 21.1% | 20.7% | 18.9% | 19.3% | 18.4% | 16.7% | 17.1% | 21.5% | 14.6% | 14.7% | 13.2% | 16.0% | 15.5% | 16.3% | 16.7% | 15.8% | 17.0% | 19.9% | 19.6% | 19.2% | 19.9% | 20.2% | 18.2% | 14.8% | 12.4% | 14.2% | 13.7% | 13.2% | 13.1% | 13.9% | 13.3% | 8.4% | 2.5% | 9.5% | 8.8% | 7.5% | 11.8% | 4.8% | 13.3% |
| Supplementary Data | ||||||||||||||||||||||||||||||||||||||||
| EPS | 3.40 | 3.48 | 3.07 | 2.38 | 2.08 | 1.70 | 1.42 | 1.24 | 1.43 | 0.92 | 0.86 | 0.72 | 0.75 | 0.64 | 0.57 | 0.57 | 0.54 | 0.59 | 0.68 | 0.62 | 0.55 | 0.47 | 0.41 | 0.31 | 0.22 | 0.07 | 0.08 | 0.05 | 0.06 | 0.01 | 0.01 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Diluted EPS | 3.16 | 3.46 | 3.05 | 2.37 | 2.07 | 1.69 | 1.40 | 1.22 | 1.41 | 0.91 | 0.85 | 0.71 | 0.74 | 0.63 | 0.56 | 0.56 | 0.54 | 0.59 | 0.68 | 0.61 | 0.54 | 0.47 | 0.40 | 0.31 | 0.21 | 0.07 | 0.12 | 0.05 | 0.06 | 0.01 | 0.01 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Weighted Average OS | 310.00M | 282.00M | 280.80M | 278.10M | 276.02M | 275.33M | 272.47M | 282.18M | 272.58M | 272.28M | 275.62M | 281.89M | 282.07M | 278.73M | 277.16M | 275.85M | 274.35M | 281.98M | 271.15M | 279.27M | 277.13M | 275.64M | 273.31M | 269.13M | 250.25M | 492.30M | 336.98M | 336.98M | 327.34M | 135.51M | 135.51M | 135.51M | 200.51M | 122.43M | 120.50M | 117.52M | 114.50M | 110.66M | 129.30M | 107.81M |
| EBITDA | $1.98B | $1.73B | $1.55B | $1.21B | $980.7M | $817.9M | $718.3M | $612.42M | $596.18M | $570.65M | $550.12M | $471.99M | $459.47M | $399.85M | $351.8M | $344.65M | $332.45M | $347.11M | $378.53M | $341.2M | $301.9M | $245.16M | $205.78M | $160.61M | $118.58M | $70.71M | $57.07M | $223.4M | $188.94M | $33.54M | $6.87M | $26.18M | $25.9M | $13.5M | $14.1M | $12.7M | $11.9M | $8.7M | $6.3M | $9.6M |
| EBITDA Margin | 34.4% | 36.7% | 36.9% | 34.0% | 32.2% | 31.4% | 30.1% | 30.5% | 32.1% | 32.4% | 33.2% | 30.1% | 33.9% | 33.6% | 35.0% | 35.6% | 34.3% | 35.5% | 39.4% | 38.9% | 38.4% | 37.9% | 37.6% | 35.2% | 32.5% | 26.6% | 30.3% | 130.3% | 131.7% | 26.2% | 6.5% | 25.8% | 27.1% | 25.8% | 29.1% | 27.2% | 28.6% | 25.1% | 20.3% | 29.0% |
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 | $1.08B | $675M | $700M | $650M | $693.2M | $817.4M | $542.17M | $438.96M | $573.38M | $515.65M | $443.42M | $470.05M | $202.95M | $219.82M | $286.31M | $272.98M | $197.11M | $78.56M | $38.23M | $88.49M | $100.58M | $188.11M | $56.93M | $91.25M | $16.05M | $37.03M | $23.96M | $0 | $0 | $31.79M | $28.35M | $23.18M | $26.3M | $7.7M | $7.9M | $8.1M | $200K | $7.3M | $12.3M | $9M |
| Short-Term Investments | $0 | $10M | $11M | $12M | $12.9M | $18.33M | $12.32M | $12.87M | $24.96M | $15.05M | $13.73M | $11.16M | $10.62M | $8.18M | $7.63M | $7.68M | $8.21M | $7.51M | $2.89M | $2.91M | $2.75M | $3.16M | $382K | $446K | $451K | $2.15M | $481K | $11.31M | $12.8M | $1.09M | $1.31M | $787K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $1.08B | $685M | $711M | $662M | $706.1M | $835.73M | $554.5M | $451.83M | $598.35M | $530.69M | $457.15M | $481.2M | $213.58M | $228M | $293.93M | $280.66M | $205.33M | $86.07M | $41.13M | $91.4M | $103.33M | $191.27M | $57.31M | $68.5M | $16.5M | $39.18M | $24.77M | $11.31M | $12.8M | $32.87M | $29.66M | $23.97M | $26.3M | $7.7M | $7.9M | $8.1M | $200K | $7.3M | $12.3M | $9M |
| Accounts Receivable | $3.6B | $3.54B | $2.04B | $2.36B | $1.28B | $1.14B | $1B | $910.21M | $1.02B | $580.57M | $465.85M | $437.57M | $395.92M | $302.73M | $240.26M | $214.45M | $209.46M | $244.51M | $240.68M | $282.44M | $257.93M | $172.4M | $146.67M | $144.24M | $101.45M | $96.95M | $69.05M | $69.19M | $62.15M | $62.94M | $56.55M | $56.78M | $56M | $48.9M | $39.3M | $41.9M | $27.2M | $26.1M | $23.2M | $30.3M |
| 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 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $2.96B | $2.18B | $1.92B | $1.59B | $952.6M | $602.19M | $572.94M | $467.35M | $298.57M | $316.21M | $304.74M | $330.74M | $318.55M | $228.78M | $173.94M | $157.7M | $198.91M | $192.45M | $305.58M | $274.37M | $258.51M | $176.3M | $139.49M | $119.52M | $58.56M | $41.02M | $26.45M | $41.45M | $42.73M | $7.31M | $6.34M | $6.78M | $3.5M | $1.4M | $4.5M | $5.7M | $7M | $100K | $100K | $200K |
| Total Current Assets | $8.61B | $6.92B | $5.13B | $5B | $3.33B | $2.96B | $2.49B | $2.17B | $2.24B | $1.74B | $1.54B | $1.57B | $928.04M | $759.51M | $708.13M | $652.81M | $613.7M | $523.03M | $587.38M | $648.21M | $619.77M | $539.97M | $343.47M | $332.26M | $176.51M | $177.15M | $120.27M | $121.95M | $117.68M | $103.12M | $92.55M | $87.53M | $85.8M | $58M | $51.7M | $55.7M | $34.4M | $33.5M | $35.6M | $39.5M |
| Long-Term Assets | ||||||||||||||||||||||||||||||||||||||||
| Property, Plant & Equipment Net | $636M | $519M | $469M | $454.8M | $409M | $388.11M | $332.92M | $100.39M | $77.09M | $75.81M | $81.75M | $84.67M | $74.73M | $74.34M | $61.36M | $59.71M | $61.47M | $63.52M | $62.33M | $44.17M | $39.4M | $33.44M | $32.4M | $24.73M | $25.54M | $14.21M | $14.34M | $13.7M | $11.86M | $12.09M | $10.41M | $8.33M | $8M | $5M | $5.1M | $5.2M | $5M | $5.4M | $5.4M | $4.1M |
| Goodwill | $15.09B | $7.97B | $7.34B | $6.67B | $4.74B | $4.4B | $3.75B | $3.43B | $2.72B | $2.68B | $2.59B | $2.46B | $2.01B | $1.71B | $1.32B | $1.19B | $1.07B | $1.02B | $846.43M | $684.52M | $549.04M | $360.84M | $237.75M | $176.27M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $4.91B | $1.81B | $1.62B | $1.6B | $1.08B | $1.05B | $916.77M | $898.81M | $641M | $707.45M | $744.68M | $784.64M | $618.89M | $566.54M | $496.18M | $481.9M | $468.86M | $495.63M | $443.22M | $396.07M | $377.91M | $293.01M | $232.93M | $203.98M | $268.31M | $101.9M | $91.81M | $79.48M | $49.59M | $50.17M | $36.61M | $32.62M | $35.5M | $24.2M | $18.3M | $17.5M | $13.8M | $6.8M | $7.2M | $7M |
| Long-Term Investments | $0 | $19M | $21M | $22.4M | $31M | $24.97M | $27.38M | $17.39M | $13.95M | $23.05M | $18.09M | $19.86M | $16K | $0 | $0 | $0 | $0 | $0 | $355K | $15.83M | $8.42M | $9.33M | $10.85M | $8.59M | $8.98M | $6.46M | $9.93M | $11.23M | $12.78M | $12.38M | $8.47M | $10.06M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $24.64M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $17.21M | $0 | $0 | $0 | $0 | $1.79M | $1.52M | $649K | $0 | $0 | $0 | $0 | $0 | $398K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $748M | $366M | $301M | $230.9M | $206.8M | $149.58M | $104.86M | $71.97M | $57.27M | $44.9M | $19.56M | $36.57M | $21.66M | $16.16M | $17.87M | $11.56M | $5.8M | $14.03M | $3.73M | $19.16M | $14.13M | $12.93M | $8.46M | $6.73M | $7.87M | $4.74M | $6.15M | $4.16M | $2.21M | $2M | $3.08M | $2.04M | $4M | $1.6M | $3.3M | $3.5M | $3.1M | $1.1M | $1.1M | $600K |
| Total Long-Term Assets | $21.38B | $10.69B | $9.75B | $8.98B | $6.47B | $6.01B | $5.13B | $4.52B | $3.51B | $3.53B | $3.48B | $3.39B | $2.72B | $2.37B | $1.9B | $1.75B | $1.61B | $1.6B | $1.37B | $1.16B | $988.89M | $709.55M | $522.39M | $422.09M | $312.23M | $127.96M | $122.23M | $108.57M | $76.45M | $76.62M | $58.57M | $53.45M | $47.5M | $30.8M | $26.7M | $26.2M | $21.9M | $13.3M | $13.7M | $11.7M |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $24.57M | -$50K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$28.39M | -$7.33M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $29.99B | $17.61B | $14.88B | $13.97B | $9.8B | $8.97B | $7.62B | $6.69B | $5.75B | $5.29B | $5.01B | $4.96B | $3.65B | $3.13B | $2.61B | $2.4B | $2.22B | $2.12B | $1.96B | $1.81B | $1.61B | $1.25B | $865.85M | $754.35M | $488.74M | $276.72M | $235.16M | $230.51M | $194.13M | $179.74M | $151.12M | $140.98M | $133.3M | $88.8M | $78.4M | $81.9M | $56.3M | $46.8M | $49.3M | $51.2M |
| Liabilities | ||||||||||||||||||||||||||||||||||||||||
| Current Liabilities | ||||||||||||||||||||||||||||||||||||||||
| Accounts Payable | $990M | $373M | $459M | $286.5M | $242.7M | $1.39B | $1.11B | $944.9M | $749.34M | $717.16M | $638.65M | $625.45M | $568.52M | $455.23M | $349.48M | $33.69M | $17.43M | $18.87M | $18.76M | $17.85M | $21.16M | $258.67M | $11.28M | $12.28M | $10.09M | $5.51M | $0 | $0 | $0 | $92.03M | $74M | $78.47M | $8.9M | $47.1M | $39.2M | $50.1M | $31.6M | $0 | $0 | $0 |
| Short-Term Debt | $719M | $225M | $569M | $250.6M | $42.5M | $70M | $55M | $50M | $120M | $55.5M | $73.13M | $45.63M | $100M | $93K | $1.23M | $1.66M | $17.12M | $6.16M | $11.52M | $18.08M | $55.63M | $16.14M | $18.69M | $27.33M | $20.86M | $4.39M | $3.71M | $4.96M | $6.07M | $5.37M | $1.77M | $1.25M | $3.2M | $3.9M | $2.2M | $2.2M | $1M | $800K | $700K | $600K |
| 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 | $1.18B | $657M | $540M | $492.2M | $459.6M | $534.08M | $521.04M | $480.58M | $434.59M | $392.5M | $392.7M | $403.9M | $80.96M | $32.87M | $30.05M | $0 | $0 | $0 | $0 | $0 | $34.03M | $32.27M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $5.29B | $4.97B | $3.29B | $3.47B | $1.86B | $295.77M | $293.22M | $265.73M | $498.72M | $244.89M | $188.48M | $158.62M | $134.84M | $59.33M | $86.02M | $59.94M | $56.97M | $65.75M | $60.88M | $58.64M | $16.77M | $16.37M | $22.22M | $34.16M | $22.16M | $13.86M | $7.77M | $8.38M | $6.3M | $0 | $6.07M | $0 | $71M | $12.1M | $10M | $10.6M | $10.6M | $41.3M | $47M | $48.8M |
| Total Current Liabilities | $8.29B | $6.31B | $4.96B | $4.6B | $2.67B | $2.35B | $2.05B | $1.78B | $1.99B | $1.45B | $1.33B | $1.27B | $906.88M | $567.78M | $481.62M | $470.16M | $478.95M | $522.64M | $556.12M | $590.67M | $582.82M | $365.11M | $301.52M | $297.72M | $226.6M | $188.05M | $127.31M | $118.87M | $102.8M | $97.39M | $81.84M | $79.71M | $83.1M | $63.1M | $51.4M | $62.9M | $43.2M | $42.1M | $47.7M | $49.4M |
| Long-Term Liabilities | ||||||||||||||||||||||||||||||||||||||||
| Long-Term Debt | $6.89B | $3.6B | $3.23B | $3.69B | $1.98B | $2.03B | $1.5B | $1.46B | $856.14M | $1.02B | $1.07B | $1.15B | $380M | $450M | $250.03M | $250.07M | $250.21M | $253.62M | $227.71M | $226.25M | $214.18M | $227.06M | $41.11M | $57.59M | $78.19M | $10.66M | $5.09M | $17.38M | $6.26M | $5.3M | $7.02M | $7.43M | $17.3M | $9.6M | $9.7M | $5.6M | $1.9M | $0 | $0 | $400K |
| Long-Term 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 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $815M | $711M | $616M | $584M | $386.8M | $0 | $0 | $0 | $0 | $357.69M | $360.9M | $341.5M | $291.7M | $237.63M | $178.05M | $146.48M | $115.61M | $90.14M | $65.74M | $0 | $0 | $0 | $15.02M | $0 | $0 | $0 | $1.58M | $2.4M | $3.95M | $3.6M | $1.5M | $3.78M | $1.3M | $400K | $1.6M | $1.3M | $1.5M | $700K | $0 | $700K |
| Other Long-Term Liabilities | $1.17B | $362M | $326M | $298.9M | $383.9M | $659.08M | $558.98M | $448.12M | $321.24M | $81.31M | $101.88M | $79.22M | $63.79M | $65.31M | $53.34M | $27.76M | $9.58M | $11.44M | $13.63M | $61.69M | $47.32M | $33.02M | $10.18M | $5.6M | $6.31M | $5.94M | $7.45M | $7.66M | $3.98M | $6.16M | $6.34M | $5.96M | $4.4M | $2.4M | $2.3M | $2.7M | $3.3M | $100K | $600K | $0 |
| Total Long-Term Liabilities | $9.12B | $4.86B | $4.35B | $4.77B | $2.93B | $2.86B | $2.23B | $1.91B | $1.18B | $1.46B | $1.53B | $1.57B | $735.49M | $752.94M | $481.43M | $424.31M | $375.4M | $355.2M | $307.08M | $287.94M | $261.5M | $260.08M | $66.3M | $63.19M | $84.5M | $16.6M | $14.11M | $27.44M | $14.19M | $15.06M | $14.87M | $17.16M | $23M | $12.4M | $13.6M | $9.6M | $6.7M | $800K | $600K | $1.1M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $24.68M | $153K | $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 | $17.42B | $11.18B | $9.3B | $9.37B | $5.6B | $5.21B | $4.27B | $3.69B | $3.16B | $2.93B | $2.86B | $2.84B | $1.64B | $1.32B | $963.05M | $894.47M | $854.35M | $877.84M | $863.2M | $878.61M | $844.32M | $625.19M | $367.82M | $360.91M | $311.1M | $204.65M | $141.42M | $146.31M | $116.99M | $112.46M | $96.71M | $96.88M | $106.1M | $75.5M | $65M | $72.5M | $49.9M | $42.9M | $48.3M | $50.5M |
| 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 | $36M | $31M | $30M | $30.3M | $30.1M | $29.97M | $29.71M | $29.34M | $28.69M | $14.81M | $14.64M | $14.59M | $14.54M | $14.39M | $14.34M | $14.28M | $14.21M | $14.15M | $14.07M | $14M | $13.94M | $6.92M | $6.86M | $6.82M | $6.32M | $2.87M | $1.37M | $1.35M | $874K | $866K | $868K | $870K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Retained Earnings | $6.99B | $6.13B | $5.29B | $4.55B | $4B | $3.52B | $3.14B | $2.83B | $2.46B | $2.13B | $1.95B | $1.77B | $1.62B | $1.46B | $1.32B | $1.21B | $1.09B | $977.41M | $851.49M | $695.66M | $552.65M | $425.66M | $316.82M | $223.1M | $153.39M | $116.55M | $96.73M | $77.32M | $69.52M | $58.24M | $46.09M | $36.12M | $26M | $14.6M | $15.3M | $12.3M | $9.7M | $8.2M | $5.5M | $5.5M |
| Comprehensive Income & Other | $210M | -$109M | -$19M | -$148.4M | -$9.4M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $7K | $7K | $5K | $13K | $13K | $9.14M | $4.45M | $4.47M | $4.23M | $2.11M | $4.39M | $2.5M | $4.92M | $5.54M | $0 | $0 | $4.84M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Stockholders' Equity | $5.52B | $278M | $260M | $23.3M | $166.1M | $203.57M | $179.81M | $137.61M | $97.41M | $210.76M | $187.72M | $330.96M | $371.96M | $335.87M | $307.07M | $287M | $267.86M | $250.18M | $231.9M | $219.69M | $197.76M | $191.75M | $174.36M | $161.67M | $15.57M | $2.5M | $4.92M | $5.54M | $6.74M | $8.18M | $7.45M | $7.05M | $1.2M | -$1.3M | -$1.9M | -$2.9M | -$3.3M | -$4.3M | -$4.5M | -$4.8M |
| Total Equity | $12.55B | $6.44B | $5.58B | $4.61B | $4.2B | $3.75B | $3.35B | $3B | $2.58B | $2.36B | $2.15B | $2.11B | $2.01B | $1.81B | $1.64B | $1.51B | $1.37B | $1.24B | $1.1B | $929.35M | $764.34M | $624.33M | $498.04M | $391.59M | $175.28M | $121.91M | $103.03M | $84.21M | $77.14M | $67.29M | $54.41M | $44.04M | $27.2M | $13.3M | $13.4M | $9.4M | $6.4M | $3.9M | $1M | $700K |
| Minority Interest | $26M | $17M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.85M | $2.35M | $1.66M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $29.96B | $17.61B | $14.88B | $13.97B | $9.8B | $8.97B | $7.62B | $6.69B | $5.75B | $5.29B | $5.01B | $4.96B | $3.65B | $3.13B | $2.61B | $2.4B | $2.22B | $2.12B | $1.96B | $1.81B | $1.61B | $1.25B | $865.85M | $752.5M | $486.38M | $326.56M | $244.44M | $230.51M | $194.13M | $179.74M | $151.12M | $140.92M | $133.3M | $88.8M | $78.4M | $81.9M | $56.3M | $46.8M | $49.3M | $51.2M |
| Supplementary Data | ||||||||||||||||||||||||||||||||||||||||
| Total Debt | $7.92B | $4.06B | $4.02B | $4.18B | $2.25B | $2.31B | $1.77B | $1.51B | $976.14M | $1.07B | $1.14B | $1.2B | $480M | $450.09M | $251.26M | $251.73M | $267.33M | $259.78M | $239.23M | $244.33M | $269.81M | $243.2M | $59.8M | $84.92M | $99.05M | $15.05M | $8.8M | $22.34M | $12.33M | $10.66M | $8.79M | $8.68M | $20.5M | $13.5M | $11.9M | $7.8M | $2.9M | $800K | $700K | $1M |
| Net Debt | $6.84B | $3.38B | $3.32B | $3.53B | $1.55B | $1.49B | $1.22B | $1.07B | $402.76M | $558.23M | $701.32M | $728.42M | $277.05M | $230.27M | -$35.05M | -$21.25M | $70.22M | $181.22M | $200.99M | $155.84M | $169.23M | $55.09M | $2.87M | -$6.33M | $83M | -$21.98M | -$15.16M | $22.34M | $12.33M | -$21.12M | -$19.56M | -$14.32M | -$5.8M | $5.8M | $4M | -$300K | $2.7M | -$6.5M | -$11.6M | -$8M |
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 | $1.07B | $1B | $871M | $672M | $587.1M | $480.5M | $398.51M | $344.25M | $399.63M | $257.49M | $243.32M | $206.9M | $217.11M | $184.04M | $164M | $161.75M | $153.29M | $166.12M | $190.96M | $172.35M | $150.55M | $128.84M | $110.32M | $83.12M | $53.91M | $32.79M | $26.79M | $23.56M | $18.99M | $16.77M | $14.8M | $13.29M | $8M | $1.3M | $4.6M | $4.1M | $3.1M |
| Depreciation & Amortization | $367M | $222M | $206M | $186M | $152.9M | $134.8M | $128.72M | $109.38M | $108.14M | $107.67M | $108.31M | $103.84M | $85.42M | $78.95M | $67.15M | $64.08M | $63.1M | $59.92M | $53.2M | $47.81M | $43.31M | $31.06M | $25.67M | $21.29M | $22.4M | $15.38M | $12.24M | $9.82M | $8.83M | -$8.14M | $6.49M | -$6.3M | -$6.9M | -$4.5M | -$3.7M | -$3.5M | -$2.4M |
| Deferred Income Tax | -$7M | $13M | $12M | $43M | $33.6M | $16M | $12.38M | $15.01M | -$102.18M | $18.16M | $22.7M | $7.37M | $32.25M | $32.72M | $30.33M | $22.59M | $27.85M | $25.71M | $325K | $11.48M | $10.64M | $8.84M | $8.37M | $1.19M | $199K | -$2.72M | -$418K | $231K | -$94K | $943K | -$2.19M | -$1.17M | $500K | -$200K | -$200K | $1M | -$400K |
| Stock-Based Compensation | $93M | $101M | $89M | $66M | $61M | $59.7M | $46.99M | $33.52M | $30.63M | $16.05M | $15.51M | $19.36M | $22.6M | $15.87M | $11.19M | $6.84M | $7.36M | $7.31M | $5.67M | $5.42M | $3.34M | $2.63M | $2.27M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | |||||||||||||||||||||||||||||||||||||
| Accounts Receivable | $1.26B | -$1.5B | $600M | -$829M | -$81.5M | $13M | -$79.89M | $318.79M | -$443.04M | -$109.67M | -$26.1M | $1.05M | -$40.73M | -$11.31M | -$20.57M | -$2.56M | $36.94M | $3.17M | $45.06M | -$23.56M | -$84.06M | -$22.91M | -$2.55M | -$96.82M | -$2.61M | -$18.43M | $3.11M | -$5.32M | -$1.84M | -$6.32M | $200K | -$1.93M | $2.7M | -$9.9M | $3.2M | -$14.6M | -$1.1M |
| 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 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $11M | -$47M | $260M | $124M | $54.4M | $111.6M | $166.46M | $163.05M | $64.18M | $96.26M | $34.75M | $45.11M | $66.8M | $31.85M | $6.64M | $28.68M | -$1.82M | -$5.99M | $533K | -$3.56M | $4.38M | $3.61M | $6.21M | $53.81M | $9.2M | $16.03M | -$1.08M | $5.38M | $6.13M | $11.62M | $1.61M | -$2.86M | -$2.8M | $7.9M | -$10.8M | $17.8M | -$1.4M |
| Other Working Capital | -$1.32B | $1.44B | -$885M | $689M | -$14.3M | -$95.1M | $14.22M | -$406.59M | $389.9M | $24.75M | -$5.04M | -$45.22M | $11.34M | -$96.37M | -$14.82M | $29.2M | -$65.51M | $86.58M | -$49.46M | $16.07M | $89.41M | $23.9M | -$7.27M | $0 | -$17.47M | $2.53M | $3.97M | $53K | $4.29M | -$1.57M | $1.71M | -$759K | $5.9M | $1.5M | -$2.5M | -$2.3M | $1.4M |
| Total Working Capital Change | -$47M | -$105M | -$25M | -$16M | -$41.4M | $29.5M | $100.79M | $75.25M | $11.03M | $11.34M | $3.6M | $943K | $37.41M | -$75.83M | -$28.75M | $55.33M | -$30.39M | $83.76M | -$3.87M | -$11.06M | $9.73M | $4.6M | -$3.61M | -$43M | -$10.88M | $124K | $6M | $106K | $8.58M | $3.73M | $3.52M | -$5.55M | $5.8M | -$500K | -$10.1M | $900K | -$1.1M |
| Other Non-Cash Items | -$23M | -$59M | -$143M | -$70M | $15.6M | -$7.5M | -$9.22M | -$9.89M | -$5.28M | $332K | -$11.61M | $46.61M | -$5.42M | -$15.43M | -$6.38M | -$14.54M | $374K | -$1.07M | -$30.94M | -$781K | -$2.48M | -$5.76M | -$306K | $7.52M | $4.31M | -$3.31M | -$4M | $1.08M | -$4.8M | $15.11M | -$1.41M | $10.4M | $13.5M | $10M | $7.1M | $6.5M | $1.9M |
| Net Cash from Operating | $1.45B | $1.17B | $1.01B | $881M | $808.8M | $713M | $678.18M | $567.53M | $441.98M | $411.04M | $381.83M | $385.02M | $389.37M | $220.31M | $237.53M | $296.05M | $221.59M | $341.75M | $215.34M | $225.21M | $215.09M | $170.2M | $142.72M | $70.11M | $69.94M | $42.27M | $40.61M | $34.8M | $31.51M | $28.41M | $21.21M | $10.65M | $20.9M | $6.1M | -$2.3M | $9M | $1.1M |
| Investing Activities | |||||||||||||||||||||||||||||||||||||
| Capital Expenditures | -$68M | -$82M | -$69M | -$52M | -$45M | -$70.7M | -$73.11M | -$41.52M | -$24.19M | -$17.77M | -$18.38M | -$24.92M | -$16.37M | -$24.03M | -$13.61M | -$10.45M | -$11.31M | -$14.12M | -$30.64M | -$14.98M | -$13.43M | -$10.15M | -$15.95M | -$7.28M | -$11.02M | -$5.55M | -$5.07M | -$4.76M | -$2.92M | -$4.72M | -$5.32M | -$2.39M | -$1.8M | -$1.2M | -$1.3M | -$1.5M | -$300K |
| Acquisitions | -$7.84B | -$820M | -$524M | -$1.87B | -$350.2M | -$685.2M | -$331.45M | -$918.89M | -$37.38M | -$117.67M | -$125.42M | -$682.86M | -$361.83M | -$410.96M | -$162.37M | -$156.08M | -$44.68M | -$263.4M | -$212.3M | -$143.74M | -$262.18M | -$202.66M | -$95.3M | -$120.93M | -$131.04M | -$17.65M | -$18.15M | -$29.61M | -$3.07M | -$12.52M | -$6M | -$1.38M | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | -$7M | -$7M | $0 | -$12.4M | -$14.2M | -$17.52M | -$9.28M | -$10.66M | -$25.87M | -$22.77M | -$17.81M | -$18.1M | -$11.17M | -$12.7M | -$9.29M | -$11.57M | -$13.77M | -$2.69M | -$211K | -$299K | -$3.14M | $0 | -$5.03M | -$3.01M | -$781K | -$124K | -$1.46M | -$262K | -$888K | -$1.21M | -$187K | -$100K | -$700K | -$3.4M | -$2.2M | -$4.9M |
| Sales of Investments | $0 | $11M | $13M | $7M | $10.8M | $11M | $8.49M | $17.92M | $9.64M | $18.89M | $21.93M | $18.28M | $15.66M | $10.65M | $12.95M | $9.33M | $10.83M | $9.76M | $21.71M | $119K | $896K | $1.11M | $106K | $5.04M | $5.61M | $1.03M | $916K | $1.18M | $1.15M | $1.12M | $642K | $2.35M | $0 | $4M | $5.1M | $2.6M | $6M |
| Other Investing Activities | -$1M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.3M | $4.6M | $6.71M | $1.4M | $2.36M | $6.33M | $0 | $4.92M | $1.62M | $1.75M | $739K | $0 | $0 | $1.32M | $1.47M | $1.28M | -$1.8M | -$4.6M | -$1.3M | -$1.1M | -$1.7M |
| Net Cash from Investing | -$7.91B | -$898M | -$587M | -$1.91B | -$396.8M | -$759.1M | -$413.58M | -$951.77M | -$62.59M | -$142.41M | -$144.64M | -$707.31M | -$380.63M | -$435.5M | -$175.72M | -$166.49M | -$55.43M | -$276.93M | -$217.21M | -$157.41M | -$272.65M | -$208.52M | -$111.14M | -$123.27M | -$137.84M | -$21.2M | -$21.69M | -$34.65M | -$5.09M | -$15.7M | -$10.42M | -$331K | -$3.7M | -$2.5M | -$900K | -$2.2M | -$900K |
| Financing Activities | |||||||||||||||||||||||||||||||||||||
| Debt Repaid | -$8.1B | -$30M | $151M | -$1.94B | $73.1M | -$545M | -$50M | -$530M | $96.75M | $73.13M | $45.63M | -$718.42M | -$29.91M | -$198.77M | $2.07M | $19.43M | $15.09M | -$4.66M | $29.14M | $62.43M | $16.12M | -$181.39M | $28.02M | $23.72M | -$56.77M | $4M | $16.84M | -$4.23M | $756K | $4.51M | $1.63M | $11.87M | $7.2M | $2.3M | -$4.1M | -$2.1M | $700K |
| Common Stock Issuance | $48M | $0 | $0 | $0 | $0 | $0 | $25M | $19.43M | $17.42M | $15.98M | $15.89M | $14.81M | $12.45M | $13.3M | $8.67M | $11.12M | $10.14M | $10.91M | $11.32M | $11.27M | $9.72M | $8.11M | $7.14M | $159.58M | $2.84M | $1.75M | $1.66M | $1.11M | $868K | $748K | $106K | $1.74M | $700K | $600K | $600K | $600K | $300K |
| Common Stock Repurchases | -$100M | -$55M | -$40M | -$123M | -$132.4M | -$96.4M | -$58.67M | -$91.25M | -$128.64M | -$18.91M | -$163.75M | -$75.03M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$2.33M | -$10.14M | $0 | -$5.54M | -$1.15M | -$9.23M | -$5.86M | -$1.8M | $0 | -$55K | $0 | $0 | $0 | -$100K | -$100K |
| Dividends Paid | -$194M | -$154M | -$135M | -$120M | -$107.2M | -$100.6M | -$91.34M | -$84.69M | -$77.71M | -$70.26M | -$64.11M | -$59.33M | -$53.55M | -$49.53M | -$46.49M | -$44.5M | $0 | $0 | $0 | $0 | -$23.57M | $0 | -$16.6M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | -$137M | $115M | $139M | $30M | $102.6M | $7M | $20.8M | -$16.31M | -$33.48M | $1.77M | -$20.36M | $5.32M | -$1.97M | -$538K | -$8.59M | -$888K | $243K | $138K | $4.56M | $604K | $0 | $0 | -$2.89M | -$7.15M | -$849K | -$1.87M | -$1.14M | -$1.38M | -$600K | $0 | $55K | $0 | $300K | -$100K | $0 | $0 | $100K |
| Net Cash from Financing | $7.71B | -$64M | -$187M | $1.73B | -$210.1M | $355M | -$79.22M | $337.75M | -$336.58M | -$160.52M | -$293.84M | $589.39M | -$25.61M | $148.7M | -$48.48M | -$53.69M | -$47.6M | -$24.5M | -$48.38M | -$79.89M | -$29.97M | $169.5M | -$42.71M | $105.16M | $46.92M | -$18.78M | -$23.71M | -$10.76M | -$10.98M | -$10.09M | -$5.62M | -$13.67M | -$9.2M | -$3.8M | $3.1M | $1M | -$1.9M |
| Forex Effect | $64M | -$13M | $34M | -$131M | -$3.6M | $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 |
| Net Change in Cash | $1.31B | $199M | $270M | $563M | $198.3M | $308.9M | $185.38M | -$46.49M | $42.8M | $108.11M | -$56.64M | $267.1M | -$16.87M | -$66.48M | $13.32M | $75.87M | $118.56M | $40.32M | -$50.26M | -$12.09M | -$87.53M | $131.18M | -$11.12M | $52M | -$20.98M | $2.28M | -$4.79M | -$10.61M | $15.43M | $2.62M | $5.17M | -$3.35M | $7.9M | -$7.9M | -$8.1M | -$200K | -$1.8M |
| Supplementary Data | |||||||||||||||||||||||||||||||||||||
| Operating Cash Flow | $1.45B | $1.17B | $1.01B | $881M | $808.8M | $713M | $678.18M | $567.53M | $441.98M | $411.04M | $381.83M | $385.02M | $389.37M | $220.31M | $237.53M | $296.05M | $221.59M | $341.75M | $215.34M | $225.21M | $215.09M | $170.2M | $142.72M | $70.11M | $69.94M | $42.27M | $40.61M | $34.8M | $31.51M | $28.41M | $21.21M | $10.65M | $20.9M | $6.1M | -$2.3M | $9M | $1.1M |
| Capital Expenditure | -$68M | -$82M | -$69M | -$52M | -$45M | -$70.7M | -$73.11M | -$41.52M | -$24.19M | -$17.77M | -$18.38M | -$24.92M | -$16.37M | -$24.03M | -$13.61M | -$10.45M | -$11.31M | -$14.12M | -$30.64M | -$14.98M | -$13.43M | -$10.15M | -$15.95M | -$7.28M | -$11.02M | -$5.55M | -$5.07M | -$4.76M | -$2.92M | -$4.72M | -$5.32M | -$2.39M | -$1.8M | -$1.2M | -$1.3M | -$1.5M | -$300K |
| Free Cash Flow | $1.38B | $1.09B | $941M | $829M | $763.8M | $642.3M | $605.07M | $526.01M | $417.78M | $393.28M | $363.46M | $360.1M | $373.01M | $196.29M | $223.92M | $285.6M | $210.28M | $327.64M | $184.7M | $210.24M | $201.66M | $160.05M | $126.78M | $62.84M | $58.92M | $36.71M | $35.54M | $30.04M | $28.59M | $23.68M | $15.89M | $8.26M | $19.1M | $4.9M | -$3.6M | $7.5M | $800K |
| Cash at Beginning | $2.5B | $2.3B | $2.03B | $1.47B | $1.27B | $963M | $777.6M | $824.09M | $781.28M | $673.17M | $729.82M | $202.95M | $219.82M | $286.31M | $272.98M | $197.11M | $78.56M | $38.23M | $88.49M | $100.58M | $188.11M | $56.93M | $68.05M | $16.05M | $37.03M | $34.75M | $28.75M | $39.36M | $34.02M | $30.55M | $23.18M | $26.34M | $18.4M | $7.9M | $8.1M | $200K | $1.8M |
| Cash at End | $3.81B | $2.5B | $2.3B | $2.03B | $1.47B | $1.27B | $962.98M | $777.6M | $824.09M | $781.28M | $673.17M | $470.05M | $202.95M | $219.82M | $286.31M | $272.98M | $197.11M | $78.56M | $38.23M | $88.49M | $100.58M | $188.11M | $56.93M | $68.05M | $16.05M | $37.03M | $23.96M | $28.75M | $49.45M | $33.17M | $28.35M | $23M | $26.3M | $0 | $0 | $0 | $0 |