CBL & ASSOCIATES PROPERTIES INC (CBL)
CBL & Associates Properties, Inc. owns and manages a national portfolio of market-dominant properties located in dynamic and growing communities. CBL’s owned and managed portfolio is comprised of 88 properties totaling 55.6 million square feet across 23 states, including 56 high-quality enclosed malls, outlet centers and lifestyle retail centers as well as more than 25 open-air centers and other assets. CBL seeks to continuously strengthen its company and portfolio through active management, aggressive leasing and profitable reinvestment in its properties. CBL & Associates Properties, Inc. is headquartered in Chattanooga, TN. CBL & Associates Properties, Inc. was incorporated in 1978 in Delaware, USA.
Sector: Real Estate Investment Trusts
Industry: REIT - Retail
CBL & Associates Properties, Inc.
NYSE:CBLReal Estate · REIT - Retail
-1.29%$47.32
Prev close$47.94-1.29%Close$47.32+0.38%AH close$47.50
AH$47.50+0.38%vs close
Mkt Cap$1.46B
Float21.03M
O/S30.94M
Inst Own79.5%
SI5.2%
Div Yield4.91%
Dilution
Financials Summary
Revenue$578.37M
Net Income$135.97M
Total Assets$2.73B
Free Cash Flow$249.68M
Debt & Equity
Debt 85%
Equity 15%
Total Debt$2.17B
Total Equity$374.94M
Shares Outstanding
Short Interest
Split History1 split
- 2:1Forward splitJun 16, 20051 share → 2
Balance Sheet Details
Assets$2.73B
Liabilities$2.36B
Accounts Receivable$48.05M
Accounts Payable$0
Inventory$0
PP&E (Net)$0
Goodwill$0
Intangible Assets$272.89M
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | 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 |
| Revenue | $578.37M | $515.56M | $535.29M | $563.01M | $576.88M | $575.86M | $768.7M | $858.56M | $927.25M | $1.03B | $1.06B | $1.06B | $1.06B | $1.08B | $1.07B | $1.07B | $1.09B | $1.14B | $1.04B | $1B | $907.46M | $781.43M |
| YoY Growth | 12.2% | -3.7% | -4.9% | -2.4% | 0.2% | -25.1% | -10.5% | -7.4% | -9.8% | -2.5% | -0.5% | 0.5% | -2.2% | 1.2% | -0.4% | -1.6% | -4.3% | 9.4% | 3.8% | 10.4% | 16.1% | - |
| Cost of Revenue | $534.66M | $456.33M | $568.15M | $704.35M | $604.6M | $617.94M | $746.14M | $823.41M | $858.73M | $866.84M | $881.48M | $876.44M | $860.67M | $823.4M | $856.63M | $883.93M | $939.94M | $1.03B | $811.32M | $765.27M | $638.27M | $382.95M |
| Gross Profit | $43.71M | $59.23M | -$32.86M | -$141.34M | -$27.73M | -$42.08M | $22.55M | $35.14M | $68.52M | $161.41M | $173.53M | $184.3M | $195.04M | $256.33M | $210.71M | $187.88M | $149.55M | $111.84M | $229.31M | $236.87M | $269.19M | $398.48M |
| Gross Margin | 7.6% | 11.5% | -6.1% | -25.1% | -4.8% | -7.3% | 2.9% | 4.1% | 7.4% | 15.7% | 16.4% | 17.4% | 18.5% | 23.7% | 19.7% | 17.5% | 13.7% | 9.8% | 22.0% | 23.6% | 29.7% | 51.0% |
| 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 |
| Selling, General, and Administrative | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other | -$96.06M | -$73.11M | -$126.22M | -$188.26M | -$155M | -$137.72M | -$193.56M | -$223.11M | -$240.62M | -$209.03M | -$236.95M | -$241M | $21.7M | $49.86M | $66.71M | $60.83M | $47.74M | -$264.18M | $92.17M | $77.35M | $73.61M | $0 |
| Total Operating Expenses | -$96.06M | -$73.11M | -$126.22M | -$188.26M | -$155M | -$137.72M | -$193.56M | -$223.11M | -$240.62M | -$209.03M | -$236.95M | -$241M | $21.7M | $49.86M | $66.71M | $60.83M | $47.74M | -$264.18M | $92.17M | $77.35M | $73.61M | $0 |
| Operating Income (EBIT) | $139.77M | $132.34M | $93.36M | $46.92M | $127.27M | $95.64M | $216.12M | $258.25M | $309.14M | $370.45M | $410.49M | $425.3M | $173.34M | $206.47M | $144M | $127.05M | $101.81M | $376.01M | $137.13M | $159.52M | $195.58M | $169.55M |
| Operating Margin | 24.2% | 25.7% | 17.4% | 8.3% | 22.1% | 16.6% | 28.1% | 30.1% | 33.3% | 36.0% | 38.9% | 40.1% | 16.4% | 19.1% | 13.5% | 11.9% | 9.3% | 33.0% | 13.2% | 15.9% | 21.6% | 21.7% |
| Interest Expense | $175.96M | $154.49M | $172.91M | $217.34M | $267.9M | $200.66M | $206.26M | $0 | $0 | $0 | $0 | $0 | $229.27M | $0 | $0 | $0 | $0 | $0 | -$287.88M | -$257.07M | $0 | $0 |
| Interest Income | $13.25M | $15.71M | $13.2M | $4.94M | $0 | $6.4M | $2.76M | $0 | $0 | $0 | $0 | $0 | $0 | $241.76M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | -$4.77M | -$74.16M | -$89.26M | -$143.36M | -$771.22M | -$442.45M | -$344.59M | -$359.03M | -$146.91M | -$177.43M | -$164.29M | -$133.98M | -$56.72M | -$11.85M | $11.49M | -$35.66M | -$110.2M | -$305.08M | $11.31M | $27.19M | $83.02M | $39.85M |
| Income Before Tax (EBT) | $135M | $58.17M | $4.1M | -$96.44M | -$643.95M | -$346.81M | -$128.48M | -$100.78M | $162.23M | $193.03M | $246.19M | $291.32M | $116.62M | $194.63M | $155.49M | $91.38M | -$8.39M | $70.93M | $148.44M | $186.71M | $278.6M | $209.4M |
| Income Tax Expense | $475K | $1.05M | $894K | $3.08M | -$4.81M | $16.84M | $3.15M | -$1.55M | -$1.93M | -$2.06M | $2.94M | $4.5M | $1.3M | $1.4M | -$269K | -$6.42M | -$1.22M | $13.49M | $8.39M | $5.9M | $0 | $0 |
| Net Income | $135.97M | $58.97M | $6.55M | -$93.48M | -$622.17M | -$404.09M | -$108.69M | -$78.57M | $126.12M | $172.44M | $167.07M | $174.53M | $84.06M | $130.66M | $133.94M | $61.77M | -$15.09M | $25.98M | $81.59M | $106.34M | $161.66M | $120.27M |
| Net Income Margin | 23.5% | 11.4% | 1.2% | -16.6% | -107.9% | -70.2% | -14.1% | -9.2% | 13.6% | 16.8% | 15.8% | 16.5% | 8.0% | 12.1% | 12.5% | 5.8% | -1.4% | 2.3% | 7.8% | 10.6% | 17.8% | 15.4% |
| Supplementary Data | ||||||||||||||||||||||
| EPS | 4.41 | 1.87 | 0.17 | -3.20 | -29.95 | -1.76 | -0.78 | -0.83 | 0.52 | 0.88 | 0.40 | 1.20 | 0.51 | 0.85 | 0.90 | 0.45 | -0.14 | 0.44 | 1.36 | 1.84 | 0.00 | 0.00 |
| Diluted EPS | 4.34 | 1.87 | 0.17 | -3.20 | -29.95 | -1.76 | -0.78 | -0.83 | 0.52 | 0.88 | 0.40 | 1.20 | 0.51 | 0.85 | 0.90 | 0.45 | -0.14 | 0.44 | 1.35 | 1.80 | 0.00 | 0.00 |
| Weighted Average OS | 30.34M | 30.91M | 31.30M | 30.05M | 167.11M | 168.87M | 173.44M | 172.49M | 171.07M | 170.76M | 170.48M | 170.25M | 167.03M | 154.76M | 148.29M | 138.38M | 106.37M | 66.00M | 65.32M | 63.88M | 62.72M | 61.60M |
| EBITDA | $491.06M | $353.85M | $389.35M | $398.01M | -$167.97M | $67.25M | $331.22M | $404.66M | $680M | $702.04M | $774.61M | $822.41M | $631.73M | $705.43M | $701.28M | $666.85M | $598.77M | $726.89M | $688.42M | $681.63M | $676M | $319.38M |
| EBITDA Margin | 84.9% | 68.6% | 72.7% | 70.7% | -29.1% | 11.7% | 43.1% | 47.1% | 73.3% | 68.3% | 73.4% | 77.5% | 59.8% | 65.3% | 65.7% | 62.2% | 55.0% | 63.9% | 66.2% | 68.0% | 74.5% | 40.9% |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Assets | |||||||||||||||||||||||||||||||||
| Current Assets | |||||||||||||||||||||||||||||||||
| Cash and Cash Equivalents | $42.29M | $40.79M | $34.19M | $44.72M | $169.55M | $61.78M | $32.82M | $25.14M | $32.63M | $18.95M | $36.89M | $37.94M | $65.5M | $78.25M | $56.09M | $50.9M | $48.06M | $51.22M | $65.83M | $28.7M | $28.84M | $25.77M | $98.81M | $13.36M | $10.14M | $5.18M | $7.07M | $5.83M | $69.23M | $4.3M | $0 | $0 | $0 |
| Short-Term Investments | $293.09M | $243.15M | $262.14M | $292.42M | $150M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $142.55M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $335.37M | $283.94M | $296.33M | $337.14M | $319.55M | $61.78M | $32.82M | $25.14M | $32.63M | $18.95M | $36.89M | $37.94M | $65.5M | $78.25M | $56.09M | $50.9M | $48.06M | $51.22M | $208.38M | $28.7M | $28.84M | $25.77M | $98.81M | $13.36M | $10.14M | $5.18M | $7.07M | $5.83M | $69.23M | $4.3M | $0 | $0 | $0 |
| Accounts Receivable | $48.05M | $47.95M | $46.19M | $215.76M | $264.27M | $103.66M | $75.25M | $77.79M | $83.55M | $94.68M | $87.29M | $81.34M | $79.9M | $78.96M | $85.75M | $0 | $81.33M | $86.55M | $82.83M | $81.23M | $61.29M | $52.12M | $45.2M | $41.69M | $41.19M | $41.87M | $32.48M | $28.53M | $25.69M | $27.36M | $10.5M | $8.6M | $7.2M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$6.06B | -$36.2M | $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 | $110.67M | $169.01M | $88.89M | $97.23M | $0 | $67.14M | $39.06M | $42.67M | $46.64M | $63.47M | $63.1M | $73.24M | $80.9M | $57.93M | $0 | $0 | $0 | $7.59B | $7.54B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Current Assets | $494.09M | $500.9M | $431.41M | $650.13M | $583.82M | $232.57M | $147.13M | $145.6M | $162.82M | $177.1M | $187.28M | $192.52M | $226.3M | $215.14M | $141.84M | $50.9M | $129.39M | $7.73B | $7.83B | $109.93M | $90.13M | $77.88M | $144.01M | $55.04M | $51.32M | $47.05M | $39.55M | $34.36M | $94.92M | $31.66M | $10.5M | $8.6M | $7.2M |
| Long-Term Assets | |||||||||||||||||||||||||||||||||
| Property, Plant & Equipment Net | $0 | $0 | $0 | $0 | $0 | $3.62B | $4.07B | $4.75B | $5.16B | $5.51B | $5.86B | $5.95B | $6.07B | $6.3B | $6.01B | $0 | $7.1B | $7.32B | $7.4B | $6.09B | $5.94B | $4.89B | $3.91B | $3.61B | $3.2B | $2.04B | $1.96B | $1.81B | $1.14B | $987.26M | $758.9M | $679.7M | $578.3M |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$28.52M | -$59.67M | -$58.87M | $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 | $272.89M | $347.41M | $315.93M | $286.83M | $489.39M | $34.42M | $38.34M | $48.66M | $66.79M | $64.71M | $80.6M | $82.72M | $99.61M | $127.3M | $232.97M | $265.61M | $279.95M | $305.8M | $276.43M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $85.94M | $83.47M | $76.46M | $77.3M | $103.66M | $512.43M | $307.35M | $283.55M | $249.19M | $266.87M | $311.07M | $301.96M | $291.12M | $287.49M | $304.71M | $179.41M | $186.52M | $207.62M | $142.55M | $78.83M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $5.34B | $5.7B | $6.1B | $6.43M | $0 | $0 | $0 | -$232.97M | $0 | -$466.47M | -$513.42M | -$142.55M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $1.88B | $1.82B | $1.58B | $1.66B | $1.77B | $43.32M | $63.73M | -$5.2B | -$5.58B | -$5.96B | $36.66M | $74.8M | $101.79M | -$6.71B | $267.2M | $0 | $504.68M | -$7.02B | -$7.4B | -$78.83M | -$5.94B | -$4.89B | -$3.91B | -$3.61B | -$3.2B | -$2.04B | -$1.96B | -$1.81B | -$1.14B | -$987.26M | -$758.9M | -$679.7M | -$578.3M |
| Total Long-Term Assets | $2.24B | $2.25B | $1.97B | $2.03B | $2.36B | $4.21B | $4.48B | $5.2B | $5.54B | $5.93B | $6.29B | $6.41B | $6.56B | $6.71B | $6.58B | $445.02M | $7.6B | $305.8M | $276.43M | $6.09B | $5.94B | $4.89B | $3.91B | $3.61B | $3.2B | $2.04B | $1.96B | $1.81B | $1.14B | $987.26M | $758.9M | $679.7M | $578.3M |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$4.68B | -$5.04B | -$5.35B | $0 | $0 | $0 | $160.25M | $0 | $0 | $0 | $0 | $0 | -$244.82M | -$291.71M | -$334.77M | -$319.35M | -$371.93M | -$311.19M | -$146.77M | -$152.02M | -$152.84M | -$116.12M | -$107.42M | -$68.9M | -$68.1M | -$65.8M |
| Total Assets | $2.73B | $2.75B | $2.41B | $2.68B | $2.95B | $4.44B | $4.62B | $664.09M | $667.72M | $757.31M | $6.48B | $6.6B | $6.79B | $7.09B | $6.72B | $495.91M | $7.73B | $8.03B | $8.11B | $5.96B | $5.74B | $4.64B | $3.74B | $3.29B | $2.94B | $1.94B | $1.85B | $1.69B | $1.12B | $911.5M | $700.5M | $620.2M | $519.7M |
| Liabilities | |||||||||||||||||||||||||||||||||
| Current Liabilities | |||||||||||||||||||||||||||||||||
| Accounts Payable | $0 | $0 | $0 | $0 | $0 | $164.01M | $218.97M | $187.51M | $166.79M | $199.21M | $254.66M | $240.63M | $279.35M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Short-Term Debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.03B | $0 | $1.04B | $0 | $1.11B | $0 | $0 | $0 | $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 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$7.61B | -$7.96B | -$8.37B | -$595.81M | $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 | $193.64M | $221.65M | $186.49M | $200.31M | $184.4M | $6.05M | $8.5M | $74.42M | $61.86M | $81.29M | $89.78M | $85.5M | $50.52M | -$295.38M | -$725.48M | $0 | -$789.77M | $1.15B | -$1.11B | $0 | $929.7M | $790.8M | $717.7M | $651.8M | $534.8M | $256.4M | $238.2M | $231.4M | $172.8M | $162.8M | $0 | $0 | $0 |
| Total Current Liabilities | $193.64M | $221.65M | $186.49M | $200.31M | $184.4M | $170.06M | $227.47M | $261.93M | $228.65M | $280.5M | $344.43M | $326.13M | $329.87M | $353.07M | $303.58M | $0 | $248.33M | $1.15B | $1.32B | $869.5M | $929.7M | $790.8M | $717.7M | $651.8M | $534.8M | $256.4M | $238.2M | $231.4M | $172.8M | $162.8M | $0 | $0 | $0 |
| Long-Term Liabilities | |||||||||||||||||||||||||||||||||
| Long-Term Debt | $2.17B | $2.21B | $1.89B | $2B | $2.21B | $3.74B | $3.53B | $0 | $0 | $0 | $4.71B | $4.69B | $4.86B | $4.75B | $3.46B | $0 | $4.58B | $4.45B | $5.87B | $4.56B | $4.34B | $3.37B | $2.74B | $2.4B | $2.32B | $1.42B | $1.36B | $1.21B | $741.41M | $590.29M | $392.8M | $373.3M | $276.9M |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $4.31B | $4.46B | $4.75B | $251.81M | $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 | $13.57M | $20.23M | $26.98M | $672K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $0 | $0 | -$80.41M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$4.75B | $1.03B | $0 | $1.48B | $1.64B | -$5.87B | -$4.56B | $45K | -$12.18M | -$28.8M | $21K | $45K | -$37K | $47K | -$4K | -$13K | $5K | $0 | $0 | $0 |
| Total Long-Term Liabilities | $2.17B | $2.21B | $1.89B | $2.11B | $2.36B | $3.74B | $3.53B | $4.04B | $4.23B | $4.47B | $4.71B | $4.69B | $4.86B | $4.75B | $4.49B | $0 | $6.06B | $6.1B | $5.87B | $4.56B | $4.34B | $3.36B | $2.71B | $2.4B | $2.32B | $1.42B | $1.36B | $1.21B | $741.4M | $590.3M | $392.8M | $373.3M | $276.9M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$4.3B | -$4.46B | -$4.74B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$815.03M | -$920.3M | -$559.5M | -$609.48M | -$566.56M | -$527.42M | -$500.49M | -$431.14M | -$174.63M | -$170.8M | -$168.07M | -$123.92M | -$114.4M | $36.8M | $37.6M | $26M |
| Total Liabilities | $2.36B | $2.43B | $2.08B | $2.31B | $2.54B | $3.91B | $3.76B | $1.73M | $1.71M | $1.71M | $5.06B | $5.01B | $5.19B | $5.1B | $4.79B | $0 | $6.31B | $6.43B | $6.26B | $4.87B | $4.66B | $3.58B | $2.9B | $2.55B | $2.42B | $1.51B | $1.43B | $1.27B | $790.27M | $638.7M | $429.6M | $410.9M | $302.9M |
| Stockholders' Equity | |||||||||||||||||||||||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $25K | $25K | $0 | $0 | $0 | $25K | $25K | $25K | $25K | $5K | $5K | $5K | $5K | $5K | $20K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $30K | $31K | $32K | $32K | $21K | $1.97M | $1.74M | $1.73M | $1.71M | $1.71M | $1.71M | $1.7M | $1.7M | $1.61M | $1.48M | $1.48M | $1.38M | $664K | $662K | $654K | $625K | $313K | $303K | $298K | $256K | $251K | $248K | $246K | $241K | $210K | $0 | $0 | $0 |
| Retained Earnings | -$312.96M | -$371.83M | -$380.45M | -$338.93M | -$151.54M | $0 | $0 | $964.14M | $1.14B | $1.23B | -$689.03M | -$566.78M | -$570.78M | -$453.56M | -$399.58M | -$366.53M | -$283.64M | -$193.31M | -$70.15M | $9.7M | $51.71M | $31.09M | $20.97M | -$22.44M | -$27.8M | -$27.93M | -$36.27M | -$36.23M | -$28.43M | -$20.86M | -$400K | -$10.4M | -$2.9M |
| Comprehensive Income & Other | $443K | $782K | $610K | -$1.05M | -$3K | -$1.46B | -$1.16B | $1.04B | $1.25B | $1.36B | $1.97B | -$553.37M | -$564.46M | $7M | $3M | $7.86M | -$1.51B | -$13M | -$1.1B | -$924.3M | -$727.91M | -$575.46M | -$467.61M | -$434.84M | -$346.94M | -$271.05M | -$223.55M | -$177.06M | -$145.64M | -$114.54M | $0 | $0 | $0 |
| Other Stockholders' Equity | $687.87M | $695.35M | $719.74M | $709.44M | $547.72M | $529.88M | $804.57M | $4.37B | $4.56B | $4.87B | $1.97B | $1.97B | $1.97B | $1.78B | $1.66B | $1.67B | $1.4B | $986.3M | $990.04M | $1.07B | $1.03B | $1.02B | $816.03M | $763.34M | $549.63M | $462.51M | $455.9M | $451.77M | $359.05M | $293.45M | $271.3M | $219.7M | $219.7M |
| Total Equity | $374.94M | $323.55M | $339.32M | $370.54M | $396.2M | $531.84M | $806.31M | $5.34B | $5.7B | $6.1B | $1.28B | $1.41B | $1.4B | $1.33B | $1.26B | $1.3B | $1.12B | $793.66M | $920.55M | $1.08B | $1.08B | $1.05B | $837.3M | $741.19M | $522.09M | $434.82M | $419.89M | $415.78M | $330.85M | $272.8M | $270.9M | $209.3M | $216.8M |
| Minority Interest | -$10.26M | -$10.68M | -$8.7M | -$3.41M | $4.9M | $2.19M | $57.71M | $4.03B | $4.22B | $4.47B | $139.96M | $180.94M | $189.66M | $656.49M | $32.27M | $34.38M | $22.69M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $2.74B | $2.76B | $2.41B | $2.68B | $2.94B | $4.44B | $4.56B | $5.34B | $5.71B | $6.11B | $6.34B | $6.42B | $6.6B | $6.43B | $6.06B | $1.3B | $7.43B | $7.22B | $7.18B | $5.96B | $5.74B | $4.64B | $3.74B | $3.29B | $2.94B | $1.94B | $1.85B | $1.69B | $1.12B | $911.5M | $700.5M | $620.2M | $519.7M |
| Supplementary Data | |||||||||||||||||||||||||||||||||
| Total Debt | $2.17B | $2.21B | $1.97B | $2.11B | $2.36B | $3.74B | $3.53B | $81.47M | $53.33M | $64.87M | $4.71B | $4.69B | $4.86B | $4.75B | $4.49B | $0 | $5.62B | $6.1B | $6.01B | $4.56B | $4.34B | $3.37B | $2.74B | $2.4B | $2.32B | $1.42B | $1.36B | $1.21B | $741.41M | $590.29M | $392.8M | $373.3M | $276.9M |
| Net Debt | $2.13B | $2.17B | $1.94B | $2.07B | $2.19B | $3.68B | $3.5B | $56.33M | $20.7M | $45.92M | $4.67B | $4.65B | $4.8B | $4.67B | $4.43B | -$50.9M | $5.57B | $6.04B | $5.95B | $4.54B | $4.31B | $3.35B | $2.64B | $2.39B | $2.31B | $1.42B | $1.35B | $1.2B | $672.18M | $586M | $392.8M | $373.3M | $276.9M |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Operating Activities | |||||||||||||||||||||||||||||||||
| Net Income | $134.53M | $57.12M | $3.2M | -$99.52M | -$622.17M | -$404.09M | -$131.72M | -$78.57M | $126.12M | $172.44M | $71.14M | $219.15M | $85.2M | $131.6M | $184.99M | $98.17M | -$7.07M | $7.47M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Depreciation & Amortization | $179.79M | $140.59M | $211.93M | $277.11M | $208.08M | $215.03M | $255.94M | $285.4M | $299.09M | $292.69M | $299.07M | $291.27M | $285.55M | $268.63M | $276.37M | $291.77M | $313.11M | $342.75M | $252.09M | $237.86M | $189.22M | $149.83M | $120.13M | $99.74M | $89.44M | $61.91M | $55.24M | $45.36M | $33.36M | $27.04M | $23.5M | $19.4M | $2.9M |
| Deferred Income Tax | $11K | -$1.65M | -$1.28M | $1.13M | $0 | $0 | $2.67M | -$2.9M | $4.53M | -$907K | -$153K | $1.33M | $1.82M | $3.1M | -$5.7M | $2.03M | $1.17M | -$7.47M | -$9.1M | -$5.75M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $16.75M | $14.93M | $12.98M | $11.88M | $1.47M | $0 | $4.78M | $5.39M | $5.79M | $5.71M | $5.22M | $3.98M | $2.73M | $3.74M | $1.78M | $2.31M | $3.16M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | |||||||||||||||||||||||||||||||||
| Accounts Receivable | -$1.89M | -$2.38M | -$3.75M | -$10.49M | $21.13M | -$75.11M | -$10.88M | $1.38M | -$3.94M | -$7.98M | -$5.46M | -$4.05M | -$12.36M | -$2.15M | $0 | $0 | $0 | $0 | -$5.61M | -$22.87M | -$10.99M | -$5.09M | -$22.54M | -$7.2M | -$13.69M | -$12.18M | -$4.9M | -$8.7M | -$2M | -$1.7M | -$2.9M | -$4.4M | $100K |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | -$40.29M | $0 | $0 | $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 | -$6.3M | $0 | $0 | $0 | $49.2M | $35.46M | $40.29M | $11.81M | $8.17M | $2.63M | $7.64M | -$19.53M | -$19.53M | $15.64M | $875K | -$5.6M | -$6.69M | $0 | $73.31M | $4.75M | $16.5M | $11.91M | $1.35M | $23.16M | $18.21M | $5.93M | $6.9M | $15.1M | $1.1M | $5.2M | -$7.9M | -$2.1M | -$1.5M |
| Other Working Capital | $7.78M | $6.47M | -$15.54M | -$40.51M | $1.49M | -$10.07M | $40.22M | $1.34M | -$6.66M | -$4.39M | $1.8M | $1.1M | $5.93M | -$21.14M | -$43.67M | $5.6M | -$6.7B | $70.11M | $7.32B | $78.33M | -$144.4M | -$79.92M | -$44.7M | -$132.96M | -$282.92M | -$11.95M | -$8.8M | -$65M | -$9.1M | -$166.3M | $10.8M | $6.5M | -$1.4M |
| Total Working Capital Change | -$413K | $4.1M | -$19.3M | -$51.01M | $71.82M | -$49.72M | $29.34M | $14.54M | -$2.43M | -$9.73M | $3.99M | -$2.95M | -$6.43M | -$2.15M | -$42.79M | -$5.6M | -$6.7B | $70.11M | $7.38B | $60.2M | -$138.9M | -$73.1M | -$65.9M | -$117M | -$278.4M | -$18.2M | -$6.8M | -$58.6M | -$10M | -$162.8M | -$10.8M | -$6.5M | -$2.8M |
| Other Non-Cash Items | -$80.99M | -$12.86M | -$24.02M | $68.63M | $379.58M | $169.41M | $112.4M | $571.23M | $548.36M | $583.05M | $136.56M | -$44.72M | $95.88M | $76.6M | $27.18M | $41.11M | $6.82B | $6.23M | -$7.16B | $96.6M | $339.26M | $262.47M | $220.12M | $291.18M | $358.08M | $74.1M | $65.76M | $102.37M | $37.49M | $190.55M | $16.3M | $14M | $3.7M |
| Net Cash from Operating | $249.68M | $202.22M | $183.52M | $208.23M | $38.77M | -$69.37M | $273.41M | $234.99M | $377.19M | $447.71M | $515.82M | $468.06M | $464.75M | $481.51M | $441.84M | $429.79M | $431.64M | $419.09M | $470.28M | $388.91M | $389.57M | $339.2M | $274.35M | $273.92M | $169.13M | $117.81M | $114.2M | $89.12M | $60.85M | $54.79M | $29M | $26.9M | $3.8M |
| Investing Activities | |||||||||||||||||||||||||||||||||
| Capital Expenditures | $0 | $0 | $0 | $0 | -$4.82M | -$1.26M | $5.79M | -$6.85M | -$16.62M | -$7.05M | -$11.53M | -$261.11M | -$115.59M | -$236.98M | -$216.88M | $0 | -$229.73M | -$437.76M | -$564.72M | -$452.38M | -$787.82M | -$806.55M | -$500.63M | -$574.99M | -$442.3M | -$335M | -$467.49M | -$1.25B | -$368.89M | -$495.62M | $0 | $0 | $0 |
| Acquisitions | -$4.44M | -$9.49M | -$10.93M | -$3.27M | $298K | $692K | -$5.79M | $7.34M | -$393K | -$513K | -$192M | -$225.49M | -$41M | -$96M | -$12M | $0 | -$66.82M | $0 | -$376M | $0 | -$427M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | -$416.2M | -$360.82M | -$312.78M | -$741.04M | -$1.27B | -$299.66M | -$5.79M | -$145.55M | -$306.39M | -$291.21M | -$426.37M | -$34.06M | -$34.06M | -$8.81M | -$35.5M | -$9.61M | -$91.03M | $0 | -$239.53M | -$33.81M | -$28.7M | -$36.34M | -$25.86M | -$21.36M | -$25.11M | -$6.07M | -$6.62M | -$6.63M | -$3.95M | -$6.26M | $0 | $0 | $0 |
| Sales of Investments | $365.28M | $379.61M | $355.54M | $600.7M | $1.36B | $8.91M | $18.56M | $89.47M | $229M | $200.86M | $159.16M | $15.88M | $11M | -$353.94M | -$231.2M | $0 | $25.03M | $0 | $4.62M | $2.73M | $13.17M | $17.59M | $1.84M | $2.13M | $996K | $1.45M | $1.42M | $3.4M | $6.77M | $3.19M | $0 | $0 | $0 |
| Other Investing Activities | -$59.75M | $55.71M | -$30.13M | -$13.07M | $1.06M | $988K | $11.81M | $3.19M | -$75.81M | $9.99M | -$1.49M | -$234.85M | -$125.69M | -$246.67M | $228.88M | $4.05M | $204.7M | $437.76M | $1.18B | $483.46M | $1.23B | $825.29M | $524.64M | $594.22M | $466.42M | $339.62M | $472.69M | $1.26B | $366.07M | $498.69M | $0 | $0 | $0 |
| Net Cash from Investing | -$115.11M | $65.01M | $1.7M | -$156.69M | $87.33M | -$290.33M | $24.59M | -$52.4M | -$94.4M | -$97.92M | -$280.23M | -$234.85M | -$125.69M | -$246.67M | -$266.7M | -$5.56M | -$157.85M | -$454.18M | -$1.56B | -$474.36M | -$1.2B | -$722.22M | -$617.7M | -$359.49M | -$286.69M | -$194.94M | -$262.51M | -$580.93M | -$265.23M | -$265.98M | -$99.7M | -$111.2M | -$59.8M |
| Financing Activities | |||||||||||||||||||||||||||||||||
| Debt Repaid | $31.3M | $146.26M | $79M | $99.17M | $158.04M | -$210M | $206.98M | $149.82M | $56.81M | $211.68M | -$43.2M | -$11.28M | -$118.58M | $23.18M | $152.69M | - | $472.56M | -$243.32M | -$1.05B | -$230.98M | -$593.02M | -$287.09M | - | - | - | - | - | - | - | - | - | - | - |
| Common Stock Issuance | $0 | $0 | $0 | $0 | $0 | $5K | $40K | $0 | $0 | $179K | $188K | $175K | $209.55M | $171.35M | -$17.5M | $0 | $361.61M | -$3.61M | $315K | $9.28M | $10.25M | $185.13M | $77.48M | $128.15M | $11.15M | $4.97M | $2.71M | $2.13M | $75.64M | $2.02M | $80.8M | $0 | $276.9M |
| Common Stock Repurchases | -$18.06M | -$36.46M | -$1.11M | $0 | $0 | $0 | $0 | -$289K | -$390K | $0 | $0 | $0 | $0 | -$115M | $0 | $0 | $0 | $0 | -$105.17M | -$6.71M | -$48.29M | $0 | -$129.39M | -$10.19M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | -$77.09M | -$50.36M | -$118.09M | -$23.87M | $0 | $0 | -$25.96M | -$182.71M | -$226.17M | -$225.85M | -$225.55M | -$211.7M | -$196.25M | -$177.48M | -$165.42M | $0 | -$78.28M | -$166.32M | -$158.71M | -$153.44M | -$133.74M | -$106.86M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | -$8.96M | -$3.43M | -$5.89M | -$22.75M | -$365K | -$999K | -$29.88M | -$34.96M | -$68.1M | -$47.55M | -$54.29M | -$60.35M | -$274.13M | -$68.38M | -$73.39M | $0 | -$87.11M | -$144.91M | -$123.91M | -$121.93M | -$99.58M | -$90.47M | -$617.3M | -$844.35M | -$720.28M | -$248.85M | -$138.52M | -$227.73M | -$132.96M | -$145M | -$78.1M | -$50.2M | $67.2M |
| Net Cash from Financing | -$135.42M | -$236.5M | -$204.09M | -$145.8M | -$158.41M | $209M | -$296.45M | -$367.77M | -$351.09M | -$484.56M | -$236.64M | -$260.77M | -$351.81M | -$212.69M | -$2.34B | $0 | -$963.1M | -$1.7B | -$684.55M | -$1.05B | -$620.82M | -$537.19M | -$617.3M | -$844.35M | -$720.28M | -$248.85M | -$138.52M | -$227.73M | -$132.96M | -$145M | -$78.1M | -$50.2M | $67.2M |
| Forex Effect | $0 | $0 | $0 | $0 | $140.08M | $179.66M | $0 | $672.88M | $1.29B | $1.24B | $1.56B | $1.07B | $2.32B | $2.16B | $2.17B | $0 | $65K | -$1.58M | $1.81B | $1.13B | $1.44B | $925.64M | $967.63M | $933.14M | $842.81M | $324.08M | $288.09M | $722.24M | $336.15M | $357.46M | $0 | $0 | $0 |
| Net Change in Cash | -$852K | $30.73M | -$18.87M | -$94.25M | $107.77M | $28.96M | $1.55M | -$7.49M | $13.68M | -$52.63M | $33.64M | -$27.56M | -$12.75M | $22.16M | $5.2M | $424.23M | -$3.17M | -$14.6M | $37.13M | -$138K | $3.07M | $5.43M | $6.98M | $3.22M | $4.95M | -$1.89M | $1.25M | $2.7M | -$1.17M | $1.27M | -$148.8M | -$134.5M | $11.2M |
| Supplementary Data | |||||||||||||||||||||||||||||||||
| Operating Cash Flow | $249.68M | $202.22M | $183.52M | $208.23M | $38.77M | -$69.37M | $273.41M | $234.99M | $377.19M | $447.71M | $515.82M | $468.06M | $464.75M | $481.51M | $441.84M | $429.79M | $431.64M | $419.09M | $470.28M | $388.91M | $389.57M | $339.2M | $274.35M | $273.92M | $169.13M | $117.81M | $114.2M | $89.12M | $60.85M | $54.79M | $29M | $26.9M | $3.8M |
| Capital Expenditure | $0 | $0 | $0 | $0 | $0 | $0 | $5.79M | -$6.85M | -$16.62M | -$7.05M | -$11.53M | -$261.11M | -$115.59M | -$236.98M | -$216.88M | $0 | -$229.73M | -$437.76M | -$564.72M | -$452.38M | -$787.82M | -$806.55M | -$500.63M | -$574.99M | -$442.3M | -$335M | -$467.49M | -$1.25B | -$368.89M | -$495.62M | $0 | $0 | $0 |
| Free Cash Flow | $249.68M | $202.22M | $183.52M | $208.23M | $38.77M | -$69.37M | $279.19M | $228.14M | $360.57M | $440.66M | $504.29M | $206.95M | $349.16M | $244.54M | $224.96M | $429.79M | $201.91M | -$18.67M | -$94.44M | -$63.47M | -$398.25M | -$467.35M | -$226.28M | -$301.07M | -$273.18M | -$217.19M | -$353.3M | -$1.16B | -$308.04M | -$440.83M | $29M | $26.9M | $3.8M |
| Cash at Beginning | $153.8M | $123.08M | $141.95M | $236.2M | $61.78M | $32.82M | $57.51M | $32.63M | $18.95M | $71.58M | $37.94M | $65.5M | $78.25M | $56.09M | $50.9M | $0 | $51.23M | $65.83M | $28.7M | $28.84M | $25.77M | $20.33M | $13.36M | $10.14M | $5.18M | $7.07M | $5.83M | $3.12M | $4.3M | $3.03M | $2.1M | $12.4M | $0 |
| Cash at End | $152.95M | $153.8M | $123.08M | $141.95M | $169.55M | $61.78M | $59.06M | $25.14M | $32.63M | $18.95M | $71.58M | $37.94M | $65.5M | $78.25M | $56.09M | $424.23M | $48.06M | $51.23M | $65.83M | $28.7M | $28.84M | $25.77M | $20.33M | $13.36M | $10.14M | $5.18M | $7.07M | $5.83M | $3.12M | $4.3M | -$146.7M | -$122.1M | $11.2M |