COMMUNITY FINANCIAL SYSTEM, INC. (CBU)
Community Bank System, Inc. (CBU) serves as the parent company for Community Bank, N.A., providing a broad array of banking and financial services to a diverse clientele including individual consumers, businesses, and local government entities. Its operations are structured into three primary divisions: Banking, Employee Benefit Services, and a residual "All Other" category. The company offers a comprehensive suite of deposit products, such as checking, savings, and money market accounts, alongside certificates of deposit. Its lending portfolio is equally varied, extending to consumer mortgages, personal installment loans, and lines of credit for individuals, as well as home equity products. For commercial clients, Community Bank System provides general purpose commercial and industrial loans, mortgages on commercial properties, and historically, Paycheck Protection Program loans. Additionally, it facilitates specialized installment loans for vehicles like automobiles, boats, and other recreational vehicles through partnerships with selected dealerships. Beyond traditional banking, the institution delivers broker-dealer and investment advisory services, along with extensive cash management, treasury, and asset management solutions. It also operates a full-service insurance agency, offering personal and commercial lines of insurance and various risk management products. The Employee Benefit Services segment provides a robust offering, including administration for contribution plans, employee benefit trusts, and collective investment funds. This segment also handles retirement plan administration, fund administration, transfer agency functions, actuarial and benefit consulting, VEBA/HRA, and health and welfare consulting. Furthermore, Community Bank System provides comprehensive wealth management services, covering retirement, higher education, and personal financial planning. It offers fiduciary and trust services, risk management advice, and access to diverse investment alternatives such as stocks, bonds, mutual funds, and advisory products, alongside master recordkeeping services. As of January 24, 2022, the company operated approximately 215 customer facilities geographically spread across Upstate New York, Northeastern Pennsylvania, Vermont, and Western Massachusetts. Community Bank System, Inc. was founded in 1866 and maintains its corporate headquarters in DeWitt, New York.
Sector: National Commercial Banks
Industry: Banks - Regional
Community Bank System, Inc.
NYSE:CBUFinancial Services · Banks - Regional
-0.16%$62.32
AH Close$61.62-1.12%vs close
AH Close$61.62-1.12%vs close
Mkt Cap$3.28B
Float51.74M
O/S52.62M
Inst Own77.7%
SI3.7%
Div Yield3.05%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$1.01B
Net Income$210.46M
Total Assets$17.41B
Free Cash Flow$233.33M
Debt & Equity
Debt 27%
Equity 73%
Total Debt$746.66M
Total Equity$2.01B
Shares Outstanding
Short Interest
Split History1 split
- 2:1Forward splitApr 13, 20041 share → 2
Balance Sheet Details
Assets$17.41B
Liabilities$15.41B
Accounts Receivable$57.73M
Accounts Payable$0
Inventory$0
PP&E (Net)$246.5M
Goodwill$887.98M
Intangible Assets$54.74M
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 | $1.01B | $940.71M | $755.98M | $702.45M | $633.65M | $617.28M | $616.35M | $587.11M | $531.88M | $440.81M | $382.92M | $375.24M | $453.68M | $380.65M | $360.28M | $337.07M | $332.32M | $324.33M | $309.52M | $281.18M | $280.04M | $257.24M | $226.36M | $237.47M | $224.24M | $212.7M | $184.23M | $139.98M | $129.5M | $106.6M | $90M | $66.7M | $59.4M | $61.4M | $63.9M | $65M | $61.7M | $0 | $0 | $0 |
| YoY Growth | 7.5% | 24.4% | 7.6% | 10.9% | 2.7% | 0.2% | 5.0% | 10.4% | 20.7% | 15.1% | 2.0% | -17.3% | 19.2% | 5.7% | 6.9% | 1.4% | 2.5% | 4.8% | 10.1% | 0.4% | 8.9% | 13.6% | -4.7% | 5.9% | 5.4% | 15.5% | 31.6% | 8.1% | 21.5% | 18.4% | 34.9% | 12.3% | -3.3% | -3.9% | -1.7% | 5.3% | - | - | - | - |
| Cost of Revenue | $214.07M | $217.18M | $115.31M | $37.87M | $4.17M | $35.09M | $34.98M | $28.52M | $24.76M | $19.37M | $17.65M | $18.97M | $34.06M | $60.08M | $66.29M | $73.8M | $93.07M | $109.08M | $122.27M | $103.68M | $84.11M | $70.5M | $70.5M | $89.24M | $108.29M | $106.86M | $84.35M | $63.64M | $59.3M | $45.3M | $38.1M | $23.9M | $19.2M | $24.3M | $32.3M | $36.3M | $32.8M | $0 | $0 | $0 |
| Gross Profit | $796.94M | $723.53M | $640.67M | $664.58M | $629.49M | $582.19M | $581.36M | $558.6M | $507.11M | $421.44M | $365.27M | $356.27M | $419.62M | $320.56M | $293.99M | $263.27M | $239.25M | $215.25M | $187.26M | $177.5M | $195.93M | $186.74M | $155.86M | $148.23M | $115.95M | $105.84M | $99.88M | $76.34M | $70.2M | $61.3M | $51.9M | $42.8M | $40.2M | $37.1M | $31.6M | $28.7M | $28.9M | $0 | $0 | $0 |
| Gross Margin | 78.8% | 76.9% | 84.7% | 94.6% | 99.3% | 94.3% | 94.3% | 95.1% | 95.3% | 95.6% | 95.4% | 94.9% | 92.5% | 84.2% | 81.6% | 78.1% | 72.0% | 66.4% | 60.5% | 63.1% | 70.0% | 72.6% | 68.9% | 62.4% | 51.7% | 49.8% | 54.2% | 54.5% | 54.2% | 57.5% | 57.7% | 64.2% | 67.7% | 60.4% | 49.5% | 44.2% | 46.8% | - | - | - |
| 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 | $329.05M | $316.84M | $297.53M | $270.43M | $250.82M | $237.85M | $272.74M | $255.84M | $234.48M | $198.38M | $174.43M | $169.66M | $165.58M | $151.19M | $137.9M | $128.66M | $138.55M | $116.4M | $81.13M | $67.1M | $65.06M | $61.15M | $53.16M | $48.17M | $41.05M | $36.74M | $33.69M | $25.7M | $22.9M | $19.2M | $16.8M | $13.1M | $12M | $11.9M | $12M | $12.8M | $12.2M | $0 | $0 | $0 |
| Other | $192.5M | $169.99M | $174.91M | $153.83M | $137.32M | $138.27M | $99.29M | $89.77M | $112.67M | $68.47M | $58.63M | $56.91M | $143.01M | $60.56M | $52.56M | $48.22M | $47.63M | $42.16M | $60.94M | $60.1M | $62.33M | $58.75M | $49.55M | $47.66M | $47.96M | $34.19M | $33.09M | $26.24M | $22.9M | $18.3M | $16.2M | $13.3M | $12.8M | $14.6M | $14.6M | $13M | $10.9M | $4.1M | $4.4M | $3.9M |
| Total Operating Expenses | $521.55M | $486.82M | $472.44M | $424.27M | $388.14M | $376.11M | $372.03M | $345.61M | $347.15M | $266.85M | $233.06M | $226.58M | $308.59M | $211.76M | $190.46M | $176.89M | $186.18M | $158.56M | $142.07M | $127.2M | $127.39M | $119.9M | $102.71M | $95.82M | $89.01M | $70.93M | $66.78M | $51.94M | $45.8M | $37.5M | $33M | $26.4M | $24.8M | $26.5M | $26.6M | $25.8M | $23.1M | $4.1M | $4.4M | $3.9M |
| Operating Income (EBIT) | $275.39M | $236.71M | $168.23M | $240.31M | $241.35M | $206.08M | $209.34M | $212.99M | $159.97M | $154.6M | $132.22M | $129.69M | $111.03M | $108.81M | $103.53M | $86.39M | $53.07M | $56.69M | $45.18M | $50.3M | $68.55M | $66.84M | $53.15M | $52.4M | $26.94M | $34.9M | $33.11M | $24.4M | $24.4M | $23.8M | $18.9M | $16.4M | $15.4M | $10.6M | $5M | $2.9M | $5.8M | $4.1M | $4.4M | $3.9M |
| Operating Margin | 27.2% | 25.2% | 22.3% | 34.2% | 38.1% | 33.4% | 34.0% | 36.3% | 30.1% | 35.1% | 34.5% | 34.6% | 24.5% | 28.6% | 28.7% | 25.6% | 16.0% | 17.5% | 14.6% | 17.9% | 24.5% | 26.0% | 23.5% | 22.1% | 12.0% | 16.4% | 18.0% | 17.4% | 18.8% | 22.3% | 21.0% | 24.6% | 25.9% | 17.3% | 7.8% | 4.5% | 9.4% | - | - | - |
| Interest Expense | $192.72M | $194.41M | $104.1M | $23.1M | $13.01M | $20.88M | $26.55M | $17.68M | $13.78M | $11.29M | $11.2M | $11.79M | $26.07M | $50.98M | $61.56M | $66.6M | $83.28M | $102.35M | $120.26M | $97.09M | $75.57M | $61.75M | $59.3M | $77.02M | $101.19M | $99.14M | $78.49M | $58.54M | $54.8M | $42.4M | $36.3M | $22.2M | $17.7M | $21.6M | $29.8M | $33.3M | $31.1M | $4.1M | $4.4M | $3.9M |
| Interest Income | $699.27M | $643.53M | $541.39M | $443.73M | $387.42M | $389.28M | $385.73M | $362.73M | $329.45M | $285.19M | $259.62M | $256.22M | $264.16M | $281.4M | $270.97M | $248.28M | $248.78M | $250.86M | $256.24M | $231.9M | $219.44M | $212.85M | $191.13M | $204.87M | $197.85M | $189.57M | $166.49M | $122.94M | $117.7M | $97.7M | $83.4M | $61.6M | $55.5M | $57.2M | $60.2M | $61M | $56.9M | $0 | $0 | $0 |
| Other Income (Expense) | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Income Before Tax (EBT) | $275.39M | $236.71M | $168.23M | $240.31M | $241.35M | $206.08M | $209.34M | $212.99M | $159.97M | $154.6M | $132.22M | $129.69M | $111.03M | $108.81M | $103.53M | $86.39M | $53.07M | $56.69M | $45.18M | $50.3M | $68.55M | $66.84M | $53.15M | $52.4M | $26.94M | $34.9M | $33.11M | $24.4M | $24.4M | $23.8M | $18.9M | $16.4M | $15.4M | $10.6M | $5M | $2.9M | $5.8M | $0 | $0 | $0 |
| Income Tax Expense | $64.94M | $54.22M | $36.31M | $52.23M | $51.65M | $41.4M | $40.27M | $44.35M | $9.25M | $50.78M | $40.99M | $38.34M | $32.2M | $31.74M | $30.39M | $23.07M | $11.62M | $10.75M | $2.29M | $11.92M | $17.74M | $16.64M | $12.77M | $13.89M | $7.81M | $10M | $9.44M | $8.9M | $8.8M | $9.7M | $7.4M | $6.3M | $5.8M | $3.1M | $1.3M | $800K | $1.3M | -$4.1M | -$4.4M | -$3.9M |
| Net Income | $210.46M | $182.48M | $131.92M | $188.08M | $189.69M | $164.68M | $169.06M | $168.64M | $150.72M | $103.81M | $91.23M | $91.35M | $78.83M | $77.07M | $73.14M | $63.32M | $41.45M | $45.94M | $42.89M | $38.38M | $50.8M | $50.2M | $40.38M | $38.52M | $19.13M | $24.9M | $23.66M | $15.7M | $15.6M | $14.1M | $11.5M | $10.1M | $9.6M | $7.5M | $3.7M | $2.1M | $4.5M | $4.1M | $4.4M | $3.9M |
| Net Income Margin | 20.8% | 19.4% | 17.5% | 26.8% | 29.9% | 26.7% | 27.4% | 28.7% | 28.3% | 23.6% | 23.8% | 24.3% | 17.4% | 20.2% | 20.3% | 18.8% | 12.5% | 14.2% | 13.9% | 13.6% | 18.1% | 19.5% | 17.8% | 16.2% | 8.5% | 11.7% | 12.8% | 11.2% | 12.0% | 13.2% | 12.8% | 15.1% | 16.2% | 12.2% | 5.8% | 3.2% | 7.3% | - | - | - |
| Supplementary Data | ||||||||||||||||||||||||||||||||||||||||
| EPS | 3.98 | 3.44 | 2.45 | 3.48 | 3.51 | 3.10 | 3.26 | 3.30 | 3.07 | 2.34 | 2.21 | 2.24 | 1.96 | 1.95 | 2.03 | 1.91 | 1.26 | 1.50 | 1.43 | 1.28 | 1.68 | 1.68 | 1.54 | 1.49 | 0.82 | 1.17 | 1.67 | 1.04 | 1.02 | 0.92 | 0.85 | 0.90 | 0.86 | 0.69 | 0.34 | 0.20 | 0.41 | 0.35 | 0.43 | 0.48 |
| Diluted EPS | 3.97 | 3.44 | 2.45 | 3.46 | 3.48 | 3.08 | 3.23 | 3.26 | 3.03 | 2.32 | 2.19 | 2.22 | 1.94 | 1.93 | 2.01 | 1.89 | 1.26 | 1.49 | 1.42 | 1.26 | 1.65 | 1.64 | 1.49 | 1.47 | 0.81 | 1.16 | 1.09 | 1.02 | 1.01 | 0.92 | 0.85 | 0.90 | 0.86 | 0.69 | 0.34 | 0.20 | 0.41 | 0.35 | 0.43 | 0.48 |
| Weighted Average OS | 52.70M | 52.76M | 53.60M | 53.90M | 53.98M | 52.97M | 51.73M | 51.16M | 49.09M | 44.36M | 41.28M | 40.78M | 40.22M | 39.52M | 36.03M | 32.95M | 32.67M | 30.50M | 29.99M | 29.98M | 30.24M | 29.88M | 26.22M | 25.94M | 23.33M | 14.13M | 14.43M | 15.09M | 15.22M | 13.04M | 13.49M | 11.25M | 11.16M | 10.87M | 10.88M | 10.77M | 10.98M | 11.71M | 10.23M | 8.13M |
| EBITDA | $305.6M | $265.36M | $196.58M | $270.74M | $271.51M | $236.72M | $241.56M | $247.34M | $193.43M | $174.99M | $149.42M | $147.5M | $128.26M | $125.58M | $120.15M | $103.33M | $71.54M | $73.06M | $54.19M | $66.19M | $85.64M | $84.11M | $67.86M | $68.65M | $40.98M | $44.17M | $45.04M | $40.2M | $30.2M | $26.8M | $20.7M | $17.7M | $17M | $12.4M | $7.4M | $5.4M | $7.8M | $4.1M | $4.4M | $3.9M |
| EBITDA Margin | 30.2% | 28.2% | 26.0% | 38.5% | 42.8% | 38.3% | 39.2% | 42.1% | 36.4% | 39.7% | 39.0% | 39.3% | 28.3% | 33.0% | 33.3% | 30.7% | 21.5% | 22.5% | 17.5% | 23.5% | 30.6% | 32.7% | 30.0% | 28.9% | 18.3% | 20.8% | 24.4% | 28.7% | 23.3% | 25.1% | 23.0% | 26.5% | 28.6% | 20.2% | 11.6% | 8.3% | 12.6% | - | - | - |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Assets | |||||||||||||||||||||||||||||||||||||
| Current Assets | |||||||||||||||||||||||||||||||||||||
| Cash and Cash Equivalents | $301.75M | $191.89M | $190.96M | $209.9M | $1.88B | $1.65B | $205.03M | $211.83M | $221.04M | $173.86M | $153.21M | $138.4M | $149.65M | $228.56M | $324.88M | $211.84M | $361.88M | $213.75M | $130.82M | $232.03M | $114.61M | $118.34M | $103.92M | $113.53M | $106.55M | $76.46M | $76.5M | $78.9M | $82.1M | $52.5M | $62.9M | $30.5M | $27.6M | $28.5M | $40.5M | $40.3M | $40.8M |
| Short-Term Investments | $0 | $317.07M | $2.92B | $4.15B | $4.93B | $3.55B | $3.04B | $2.94B | $3.03B | $2.75B | $2.81B | $2.47B | $2.19B | $2.12B | $1.54B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $301.75M | $508.96M | $3.11B | $4.36B | $6.81B | $5.19B | $3.25B | $3.15B | $3.25B | $2.92B | $2.96B | $2.61B | $2.34B | $2.35B | $1.86B | $211.84M | $361.88M | $213.75M | $130.82M | $232.03M | $114.61M | $118.34M | $103.92M | $113.53M | $106.55M | $76.46M | $76.5M | $78.9M | $82.1M | $52.5M | $62.9M | $30.5M | $27.6M | $28.5M | $40.5M | $40.3M | $40.8M |
| Accounts Receivable | $57.73M | $54.34M | $54.53M | $52.61M | $35.89M | $39.03M | $31.65M | $31.05M | $36.18M | $31.09M | $25.9M | $24.64M | $25.48M | $32.3M | $28.58M | $26.14M | $25.14M | $26.08M | $25.53M | $26.8M | $24.75M | $27.95M | $25.85M | $22.79M | $22.56M | $21.87M | $14.2M | $12.4M | $13.4M | $10.8M | $9.2M | $6.7M | $4.5M | $5.5M | $4.9M | $5.3M | $4.7M |
| 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 |
| Other Current 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 |
| Total Current Assets | $359.49M | $563.3M | $3.17B | $4.41B | $6.85B | $5.23B | $3.28B | $3.18B | $3.29B | $2.95B | $2.99B | $2.64B | $2.36B | $2.38B | $1.89B | $237.97M | $387.01M | $239.83M | $156.35M | $258.83M | $139.82M | $146.29M | $129.77M | $136.32M | $129.12M | $98.33M | $90.7M | $91.3M | $95.5M | $63.3M | $72.1M | $37.2M | $32.1M | $34M | $45.4M | $45.6M | $45.5M |
| Long-Term Assets | |||||||||||||||||||||||||||||||||||||
| Property, Plant & Equipment Net | $246.5M | $183.76M | $173.42M | $160.78M | $160.65M | $165.66M | $164.64M | $119.99M | $123.39M | $112.32M | $114.43M | $93.63M | $93.64M | $89.94M | $85.96M | $81.56M | $76.9M | $73.29M | $69.69M | $66.2M | $65.17M | $63.51M | $61.7M | $57M | $53.27M | $40.94M | $25.5M | $24.9M | $23.6M | $16.8M | $16.9M | $10.6M | $10M | $10.5M | $11.1M | $12.9M | $12.5M |
| Goodwill | $887.98M | $853.23M | $845.4M | $841.84M | $799.11M | $793.71M | $773.81M | $733.5M | $734.43M | $465.14M | $463.25M | $375.17M | $374.99M | $369.7M | $345.05M | $297.69M | $297.69M | $301.15M | $0 | $220.29M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $54.74M | $48.25M | $52.59M | $61M | $65.23M | $52.94M | $63.11M | $73.85M | $90.66M | $15.7M | $20.89M | $11.8M | $15.51M | $17.43M | $15.51M | $14.02M | $19.98M | $27.48M | $256.22M | $24.66M | $24.75M | $27.95M | $25.85M | $22.79M | $22.56M | $21.87M | $14.2M | $12.4M | $13.4M | $10.8M | $9.2M | $6.7M | $4.5M | $5.5M | $4.9M | $5.3M | $4.7M |
| Long-Term Investments | $15.32B | $14.18B | $10.82B | $9.83B | $7.33B | $7.36B | $6.85B | $6.24B | $6.26B | $4.91B | $4.76B | $4.2B | $4.07B | $4.47B | $3.99B | $4.73B | $4.55B | $4.49B | $4.18B | $3.89B | $3.68B | $3.91B | $3.43B | $3.07B | $2.86B | $2.43B | $1.63B | $1.5B | $1.44B | $1.22B | $1.02B | $855.3M | $665.7M | $620.2M | $572.9M | $554.2M | $524.2M |
| Deferred Tax Assets | $173.2M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $369.36M | $561.79M | $501.7M | $524.95M | $354.96M | $323.29M | $281.25M | $262.96M | $249.49M | $212.16M | $205.5M | $176.51M | $180.49M | $171.81M | $161.38M | $83.13M | $74.75M | $41.23M | $38.75M | $32.12M | $40.81M | $40.48M | $38.86M | $41.94M | $28.96M | $30.75M | $48.5M | $11.8M | $13.2M | $9.7M | $7.8M | $6.3M | $4.8M | $4M | $4.1M | $3.7M | $3.1M |
| Total Long-Term Assets | $17.05B | $15.82B | $12.39B | $11.42B | $8.71B | $8.7B | $8.13B | $7.43B | $7.46B | $5.71B | $5.57B | $4.85B | $4.73B | $5.11B | $4.6B | $5.21B | $5.02B | $4.93B | $4.54B | $4.24B | $4.01B | $4.25B | $3.73B | $3.3B | $3.08B | $2.55B | $1.75B | $1.59B | $1.54B | $1.28B | $1.08B | $878.3M | $681M | $635.3M | $589.1M | $572.3M | $540.6M |
| 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 |
| Total Assets | $17.41B | $16.39B | $15.56B | $15.84B | $15.55B | $13.93B | $11.41B | $10.61B | $10.75B | $8.67B | $8.55B | $7.49B | $7.1B | $7.5B | $6.49B | $5.44B | $5.4B | $5.17B | $4.7B | $4.5B | $4.15B | $4.39B | $3.86B | $3.43B | $3.21B | $2.65B | $1.84B | $1.68B | $1.63B | $1.34B | $1.15B | $915.5M | $713.1M | $669.3M | $634.5M | $617.9M | $586.1M |
| Liabilities | |||||||||||||||||||||||||||||||||||||
| Current Liabilities | |||||||||||||||||||||||||||||||||||||
| Accounts Payable | $0 | $0 | $0 | $133.86M | $210.8M | $230.72M | $215.22M | $157.46M | $180.57M | $144.01M | $135.1M | $126.15M | $80M | $135.85M | $88.12M | $0 | $0 | $66.56M | $60.93M | $62.48M | $58.34M | $69.71M | $0 | $63.28M | $41.76M | $30.2M | $18.1M | $17.9M | $15.2M | $10.5M | $9.5M | $6.7M | $5.2M | $5M | $5.5M | $0 | $0 |
| Short-Term Debt | $241.97M | $379.55M | $357.6M | $1.12B | $324.72M | $284.01M | $250.01M | $313.77M | $361.01M | $146.2M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $36.3M | $13.2M | $36.3M | $110.38M | $92.02M | $259.83M | $324M | $164.5M | $154.8M | $146.8M | $25.6M | $162.9M | $57.6M | $52.8M | $4M | $1.4M | $5M |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $45.18M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $0 | $13.44B | $12.93B | $13.01B | $12.91B | $11.22B | $8.99B | $8.32B | $8.44B | $7.08B | $6.87B | $5.94B | $5.9B | $5.63B | $4.8B | $3.93B | $3.92B | $3.7B | $3.23B | $3.17B | $2.98B | $2.93B | $2.73B | $2.51B | $2.55B | $1.95B | $1.36B | $1.38B | $1.35B | $1.03B | $1.02B | $679.6M | $588.3M | $557.9M | $575.8M | $561.2M | $527.9M |
| Total Current Liabilities | $241.97M | $13.82B | $13.29B | $14.26B | $13.45B | $11.74B | $9.46B | $8.79B | $8.99B | $7.37B | $7.01B | $6.06B | $5.98B | $5.76B | $4.97B | $4.01B | $3.98B | $3.83B | $3.29B | $3.23B | $3.08B | $3.01B | $2.76B | $2.68B | $2.68B | $2.24B | $1.7B | $1.56B | $1.52B | $1.18B | $1.05B | $849M | $651.1M | $615.7M | $585.3M | $562.6M | $532.9M |
| Long-Term Liabilities | |||||||||||||||||||||||||||||||||||||
| Long-Term Debt | $458.77M | $619.31M | $407.6M | $22.72M | $5.17M | $87.28M | $94.86M | $99.92M | $124.89M | $102.17M | $403.45M | $440.12M | $244.01M | $830.13M | $830.33M | $830.48M | $856.78M | $862.53M | $929.33M | $805.5M | $616.79M | $907.31M | $631.49M | $510.57M | $263.1M | $180.47M | $0 | $0 | $0 | $50M | $0 | $0 | $0 | $100K | $0 | $1M | $1.2M |
| 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 |
| Long-Term Deferred Tax Liabilities | $110.5M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $14.55B | $182.64M | $164.5M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$88.12M | $0 | $0 | -$66.56M | $0 | $0 | $0 | $0 | $57.3M | -$77.38M | $0 | $0 | $2K | $0 | $0 | -$100K | -$200K | $0 | $0 | $100K | $100K | $7.9M | $5.6M |
| Total Long-Term Liabilities | $15.17B | $801.95M | $572.1M | $22.72M | $5.17M | $87.28M | $94.86M | $99.92M | $124.89M | $102.17M | $403.45M | $440.12M | $244.01M | $830.13M | $742.21M | $830.48M | $856.78M | $795.98M | $929.33M | $805.5M | $616.79M | $907.31M | $688.78M | $433.2M | $263.1M | $180.47M | $2K | $30M | $30M | $50M | -$200K | $0 | $0 | $200K | $1M | $8.9M | $6.8M |
| 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 | -$500K | -$300K | $0 | $0 | -$112.1M | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $15.41B | $14.62B | $13.86B | $14.28B | $13.45B | $11.83B | $9.56B | $8.89B | $9.11B | $7.47B | $7.41B | $6.5B | $6.22B | $6.59B | $5.71B | $4.84B | $4.84B | $4.63B | $4.22B | $4.04B | $3.7B | $3.92B | $3.45B | $3.11B | $2.94B | $2.42B | $1.7B | $1.56B | $1.52B | $1.23B | $1.05B | $849.2M | $651.1M | $615.9M | $586.3M | $571.5M | $539.7M |
| 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 | $4.5M | $4.5M | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $54.91M | $54.7M | $54.37M | $54.19M | $54.09M | $53.76M | $51.98M | $51.58M | $51.26M | $44.95M | $44.44M | $41.61M | $41.21M | $40.42M | $37.8M | $34.13M | $33.63M | $33.47M | $33M | $32.77M | $32.45M | $32.04M | $28.75M | $12.98M | $12.9M | $11.21M | $7.6M | $7.6M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Retained Earnings | $1.39B | $1.28B | $1.19B | $1.15B | $1.06B | $960.18M | $882.85M | $795.56M | $700.56M | $614.69M | $566.59M | $525.99M | $481.73M | $447.02M | $411.81M | $374.7M | $342.54M | $329.91M | $310.28M | $291.87M | $276.81M | $248.29M | $218.63M | $194.48M | $170.47M | $163.92M | $95.3M | $84.6M | $75.3M | $65.7M | $57.1M | $49.9M | $42.9M | $36.2M | $31.1M | $29.5M | $29.4M |
| Comprehensive Income & Other | -$418.99M | -$548.09M | -$556.89M | -$686.44M | -$50.63M | $62.08M | -$10.23M | -$45.3M | -$3.7M | $7.84M | $19.23M | $30.72M | -$26.55M | $54.33M | $29.16M | -$9.34M | -$8.78M | -$12.86M | $702K | -$4.7M | $8.1M | $33.72M | $35.88M | $38.52M | $6.89M | $5.96M | -$13.1M | $4.3M | $2.8M | $900K | $1M | -$1.9M | $0 | $0 | $0 | $0 | $0 |
| Other Stockholders' Equity | $563.49M | $432.81M | $454.7M | $345.06M | $988.43M | $1.09B | $920.41M | $866.64M | $883.49M | $538.46M | $529.61M | $420.31M | $352.87M | $415.34M | $324.98M | $198.43M | $189.53M | $181.27M | $135.5M | $136.88M | $148.34M | $194.29M | $157.45M | $117.58M | $84.61M | $26.67M | $5.6M | $28M | $42.7M | $43.7M | $43M | $16.4M | $19.1M | $17.2M | $17.1M | $16.9M | $17M |
| Total Equity | $2.01B | $1.76B | $1.7B | $1.55B | $2.1B | $2.1B | $1.86B | $1.71B | $1.64B | $1.2B | $1.14B | $987.9M | $875.81M | $902.78M | $774.58M | $607.26M | $565.7M | $544.65M | $478.78M | $461.53M | $457.6M | $474.63M | $404.83M | $325.04M | $267.98M | $201.79M | $108.5M | $120.2M | $118M | $109.4M | $100.1M | $66.3M | $62M | $53.4M | $48.2M | $46.4M | $46.4M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $29.82M | $29.8M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $17.41B | $16.39B | $15.56B | $15.84B | $15.55B | $13.93B | $11.41B | $10.61B | $10.75B | $8.67B | $8.55B | $7.49B | $7.1B | $7.5B | $6.49B | $5.44B | $5.4B | $5.17B | $4.7B | $4.5B | $4.15B | $4.39B | $3.86B | $3.43B | $3.21B | $2.62B | $1.81B | $1.68B | $1.63B | $1.34B | $1.15B | $915.5M | $713.1M | $669.3M | $634.5M | $617.9M | $586.1M |
| Supplementary Data | |||||||||||||||||||||||||||||||||||||
| Total Debt | $746.66M | $998.87M | $765.2M | $1.14B | $329.88M | $371.29M | $344.87M | $413.68M | $485.9M | $248.37M | $403.45M | $440.12M | $244.01M | $830.13M | $830.33M | $830.48M | $856.78M | $862.53M | $929.33M | $805.5M | $653.09M | $920.51M | $667.79M | $620.95M | $355.12M | $440.3M | $324M | $164.5M | $154.8M | $196.8M | $25.6M | $162.9M | $57.6M | $52.9M | $4.9M | $2.4M | $6.2M |
| Net Debt | $444.91M | $806.97M | $574.24M | $927.88M | -$1.55B | -$1.27B | $139.84M | $201.85M | $264.86M | $74.51M | $250.24M | $301.73M | $94.36M | $601.58M | $505.45M | $618.65M | $494.9M | $648.78M | $798.5M | $573.46M | $538.49M | $802.17M | $563.86M | $507.42M | $248.56M | $363.84M | $247.5M | $85.6M | $72.7M | $144.3M | -$37.3M | $132.4M | $30M | $24.4M | -$35.6M | -$37.9M | -$34.6M |
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 | $210.46M | $182.48M | $131.92M | $188.08M | $189.69M | $164.68M | $169.06M | $168.64M | $150.72M | $103.81M | $91.23M | $91.35M | $78.83M | $77.07M | $73.14M | $63.32M | $41.45M | $45.94M | $42.89M | $38.38M | $50.8M | $50.2M | $40.38M | $38.52M | $19.13M | $24.9M | $23.66M | $15.5M | $15.6M | $14.1M | $11.5M | $10.1M | $9.6M | $7.5M | $3.7M | $2.1M | $4.5M |
| Depreciation & Amortization | $30.2M | $28.66M | $28.35M | $30.43M | $30.16M | $30.64M | $32.23M | $34.35M | $33.46M | $20.39M | $17.2M | $17.81M | $17.23M | $16.78M | $16.62M | $16.95M | $18.47M | $16.37M | $9.01M | $15.89M | $17.09M | $17.27M | $14.71M | $16.25M | $14.03M | $9.27M | $11.93M | $15.8M | $5.8M | $3M | $1.8M | $1.3M | $1.6M | $1.8M | $2.4M | $2.5M | $2M |
| Deferred Income Tax | $11.67M | $674K | -$7.5M | $1.31M | $7.99M | -$2.34M | -$2.3M | $2.66M | -$28.69M | $13.07M | $10.72M | $7.46M | $7.13M | $12.03M | $12.94M | $9.2M | $3.43M | $4M | $742K | -$999K | -$519K | $1.29M | $835K | $4.46M | -$835K | $412K | -$586K | $400K | -$200K | -$1.8M | -$100K | -$500K | -$400K | $100K | -$600K | -$100K | -$200K |
| Stock-Based Compensation | $10.86M | $8.37M | $9.27M | $7.74M | $6.33M | $6.42M | $5.29M | $6.06M | $5.14M | $4.78M | $4.2M | $3.99M | $3.96M | $3.67M | $3.78M | $3.52M | $3.1M | $2.04M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | |||||||||||||||||||||||||||||||||||||
| Accounts Receivable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts 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 |
| Other Working Capital | $7.57M | -$5.88M | $1.11M | -$6.23M | $2.06M | -$16.94M | $2.54M | $10.25M | $26.09M | -$7.61M | -$5.68M | -$970K | -$11.76M | -$292K | -$14.27M | -$3.55M | -$36.47M | -$19.16M | $120K | $121K | $9K | $0 | -$3.54M | -$210K | $1.28M | -$4.31M | -$2.9M | $3.2M | -$1.9M | -$1.6M | -$3.2M | -$2.1M | $100K | -$1.6M | -$2.5M | $1M | $400K |
| Total Working Capital Change | $7.57M | -$5.88M | $1.11M | -$6.23M | $2.06M | -$16.94M | $2.54M | $10.25M | $26.09M | -$7.61M | -$5.68M | -$970K | -$11.76M | -$292K | -$14.27M | -$3.55M | -$36.47M | -$19.16M | $120K | $121K | $9K | $0 | -$3.54M | -$210K | $1.28M | -$4.31M | -$2.9M | $3.2M | -$1.9M | -$1.6M | -$3.2M | -$2.1M | $100K | -$1.6M | -$2.5M | $1M | $400K |
| Other Non-Cash Items | $31.1M | $27.97M | $65.27M | -$6.72M | -$33.7M | -$2.98M | -$4.31M | -$565K | $2.96M | $1.33M | $1.9M | $2.45M | $7.79M | -$828K | $2.15M | $7.66M | $14.16M | $7.32M | -$2.16M | $19.71M | $4.58M | $16.86M | $20.69M | -$937K | $12.28M | $1.64M | $7M | $1.5M | $4.5M | $3.3M | $1.5M | $4.5M | $1.7M | $3.1M | $4.1M | $3M | $1.8M |
| Net Cash from Operating | $301.86M | $242.28M | $228.42M | $214.6M | $202.55M | $179.48M | $202.5M | $221.41M | $189.67M | $135.77M | $119.57M | $122.1M | $103.18M | $108.42M | $94.38M | $97.09M | $44.13M | $56.5M | $50.6M | $73.1M | $71.97M | $85.61M | $73.07M | $58.08M | $45.88M | $31.91M | $39.1M | $36.4M | $23.8M | $17M | $11.5M | $13.3M | $12.6M | $10.9M | $7.1M | $8.5M | $8.5M |
| Investing Activities | |||||||||||||||||||||||||||||||||||||
| Capital Expenditures | -$68.53M | -$20.7M | -$18.59M | -$12.92M | -$13.38M | -$14.78M | -$5.69M | -$12.65M | -$10.82M | -$12.44M | -$12.4M | -$13.38M | -$13.86M | -$10.85M | -$9.61M | -$15.72M | -$13.89M | -$11M | -$9.78M | -$6.49M | -$10.28M | -$7.38M | -$8.32M | -$8.83M | -$7.73M | -$5.3M | -$8.87M | -$4.9M | -$9M | -$1.8M | -$8.8M | -$2M | -$1M | -$1.2M | -$1.4M | -$2.1M | -$3.3M |
| Acquisitions | $471.67M | -$15.62M | -$8.52M | -$915K | -$29.98M | $32.89M | -$6.29M | -$2.93M | -$108.15M | -$575K | $25.5M | -$924K | $291.98M | $600.97M | $4.75M | $0 | -$358K | $372.78M | -$12.5M | -$26.99M | $0 | $21.94M | -$9.63M | $0 | $210.52M | -$6.13M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | -$147.16M | -$166.18M | -$68.08M | -$1.39B | -$1.96B | -$1.12B | -$810.32M | -$78.16M | -$103.68M | -$70.58M | -$503M | -$318.02M | -$931.9M | -$864.43M | -$369.7M | -$495.07M | -$464.1M | -$416.62M | -$710.91M | -$88.22M | -$196.03M | -$399.43M | -$275.18M | -$387.69M | -$518.51M | -$146.71M | -$332M | -$236.4M | -$210.6M | -$229.5M | -$151.6M | -$224M | -$103.4M | -$108M | -$100.6M | -$107.2M | -$53.3M |
| Sales of Investments | $94.75M | $126.73M | $1.35B | $266.94M | $426.68M | $886.07M | $804.03M | $146.65M | $187.39M | $118.34M | $392.49M | $137.29M | $1.46B | $249.22M | $335.79M | $234.84M | $362.58M | $417.51M | $593.5M | $165.76M | $446.57M | $183.96M | $289.07M | $298.74M | $353.27M | $72.34M | $264.28M | $252.7M | $180.4M | $120.7M | $68.3M | $93.5M | $114.5M | $74.6M | $65.8M | $70M | $53.8M |
| Other Investing Activities | -$532.83M | -$759.84M | -$915.81M | -$1B | $49.93M | -$184.74M | -$138.78M | -$35.41M | $166.63M | -$156.74M | -$176.75M | -$136.11M | -$248.96M | -$239.17M | $16.08M | $68.69M | $29.2M | -$210.03M | -$66.61M | -$39.35M | -$61.06M | -$26.27M | -$151.52M | -$83.79M | $12.61M | -$96.22M | -$137.39M | -$78.1M | -$221.1M | -$93.4M | -$106.5M | -$71.8M | -$56.4M | -$16.1M | $14.3M | $4.4M | -$34.2M |
| Net Cash from Investing | -$182.1M | -$835.62M | $335.78M | -$2.14B | -$1.53B | -$398.72M | -$157.05M | $17.5M | $131.37M | -$122M | -$274.16M | -$331.13M | $553.26M | -$264.26M | -$22.7M | -$207.25M | -$86.57M | $152.64M | -$206.3M | $4.71M | $179.21M | -$227.17M | -$155.58M | -$181.57M | $50.15M | -$182.03M | -$213.98M | -$66.7M | -$260.3M | -$204M | -$198.6M | -$204.3M | -$46.3M | -$50.7M | -$21.9M | -$34.9M | -$37M |
| Financing Activities | |||||||||||||||||||||||||||||||||||||
| Debt Repaid | $160.26M | -$202.93M | -$385.03M | $95K | $77.32M | $15.15M | $87.09M | $72.55M | $144.81M | $155.1M | $36.7M | -$196.09M | $673.48M | $220K | $19.94M | $26.32M | $5.78M | $66.83M | $193.86M | -$171.04M | -$22.42M | -$168.87M | -$117.36M | -$165.47M | $140.61M | $7.9M | -$249M | - | - | - | - | -$105.3M | -$4.6M | $700K | $200K | $500K | $200K |
| Common Stock Issuance | $5.28M | $7.09M | $1.01M | $1.18M | $9.82M | $15.88M | $13.8M | $19M | $14.62M | $19.43M | $26.34M | $10.95M | $15.24M | $64.14M | $5.35M | $6.43M | $1.24M | $57.77M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock Repurchases | -$11.17M | -$46.03M | -$30.23M | -$16.61M | -$5.11M | -$271K | -$286K | -$298K | -$3.31M | -$3.47M | -$9.13M | -$4.37M | $0 | $0 | $0 | $0 | $0 | $0 | -$12.01M | $0 | -$25.87M | -$21.71M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | -$97.56M | -$95.78M | -$95.1M | -$93.39M | -$91.05M | -$87.13M | -$80.24M | -$71.5M | -$62.3M | -$55.05M | -$49.27M | -$46.18M | -$43.48M | -$40.77M | -$34.4M | -$30.39M | -$28.79M | -$25.37M | -$24.23M | -$23.02M | -$22.11M | -$19.54M | -$15.47M | -$14.23M | -$10.98M | -$10M | -$9.46M | -$6.3M | -$5.7M | -$5.4M | -$3.9M | -$3.1M | -$2.8M | -$2.4M | -$2M | -$2.1M | -$2.1M |
| Other Financing Activities | $366.7M | $466.17M | -$128.44M | -$400.27M | $1.69B | $1.75B | $101.56M | -$122.77M | -$78.07M | $201.06M | $238.16M | $41.29M | -$33.63M | $36.36M | $90.35M | $10.4M | $224.72M | -$91.77M | -$32.89M | -$36.03M | $55.79M | -$41.15M | -$28.62M | -$40.73M | $87.35M | $103.7M | -$30.21M | $32.4M | $318.5M | $10.2M | $337.4M | $91.3M | $30.3M | -$18M | $14.7M | $32.1M | $41.9M |
| Net Cash from Financing | -$15.01M | $599.38M | -$583.13M | $259.22M | $1.56B | $1.66B | -$52.25M | -$248.11M | -$273.86M | $6.87M | $169.41M | $197.78M | -$735.35M | $59.52M | $41.36M | -$39.88M | $191.4M | -$126.21M | $54.49M | $39.62M | -$254.97M | $155.95M | $72.9M | $130.47M | -$65.94M | $99.83M | $197.11M | $27.1M | $266.1M | $176.6M | $219.5M | $194.1M | $32.7M | $27.8M | $15M | $25.9M | $26.1M |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$100K | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $104.75M | $6.04M | -$18.93M | -$1.67B | $229.26M | $1.44B | -$6.8M | -$9.2M | $47.18M | $20.65M | $14.81M | -$11.25M | -$78.91M | -$96.32M | $113.04M | -$150.04M | $148.12M | $82.93M | -$101.21M | $117.43M | -$3.8M | $14.42M | -$9.61M | $6.98M | $30.1M | -$50.29M | $22.23M | -$3.2M | $29.6M | -$10.4M | $32.4M | $3M | -$28.5M | -$40.5M | -$40.3M | -$40.8M | -$43.2M |
| Supplementary Data | |||||||||||||||||||||||||||||||||||||
| Operating Cash Flow | $301.86M | $242.28M | $228.42M | $214.6M | $202.55M | $179.48M | $202.5M | $221.41M | $189.67M | $135.77M | $119.57M | $122.1M | $103.18M | $108.42M | $94.38M | $97.09M | $44.13M | $56.5M | $50.6M | $73.1M | $71.97M | $85.61M | $73.07M | $58.08M | $45.88M | $31.91M | $39.1M | $36.4M | $23.8M | $17M | $11.5M | $13.3M | $12.6M | $10.9M | $7.1M | $8.5M | $8.5M |
| Capital Expenditure | -$68.53M | -$20.7M | -$18.59M | -$12.92M | -$13.38M | -$14.78M | -$5.69M | -$12.65M | -$10.82M | -$12.44M | -$12.4M | -$13.38M | -$13.86M | -$10.85M | -$9.61M | -$15.72M | -$13.89M | -$11M | -$9.78M | -$6.49M | -$10.28M | -$7.38M | -$8.32M | -$8.83M | -$7.73M | -$5.3M | -$8.87M | -$4.9M | -$9M | -$1.8M | -$8.8M | -$2M | -$1M | -$1.2M | -$1.4M | -$2.1M | -$3.3M |
| Free Cash Flow | $233.33M | $221.57M | $209.84M | $201.68M | $189.17M | $164.7M | $196.82M | $208.76M | $178.85M | $123.33M | $107.17M | $108.73M | $89.33M | $97.58M | $84.77M | $81.37M | $30.24M | $45.51M | $40.83M | $66.61M | $61.69M | $78.23M | $64.75M | $49.24M | $38.15M | $26.6M | $30.23M | $31.5M | $14.8M | $15.2M | $2.7M | $11.3M | $11.6M | $9.7M | $5.7M | $6.4M | $5.2M |
| Cash at Beginning | $197M | $190.96M | $209.9M | $1.88B | $1.65B | $205.03M | $211.83M | $221.04M | $173.86M | $153.21M | $138.4M | $149.65M | $228.56M | $324.88M | $211.84M | $361.88M | $213.75M | $130.82M | $232.03M | $114.61M | $118.41M | $103.92M | $113.53M | $106.55M | $76.46M | $126.75M | $104.52M | $82.1M | $52.5M | $62.9M | $30.5M | $27.5M | $28.5M | $40.5M | $40.3M | $40.8M | $43.2M |
| Cash at End | $301.75M | $197M | $190.96M | $209.9M | $1.88B | $1.65B | $205.03M | $211.83M | $221.04M | $173.86M | $153.21M | $138.4M | $149.65M | $228.56M | $324.88M | $211.84M | $361.88M | $213.75M | $130.82M | $232.03M | $114.61M | $118.34M | $103.92M | $113.53M | $106.55M | $76.46M | $126.75M | $78.9M | $82.1M | $52.5M | $62.9M | $30.5M | $27.5M | $28.5M | $40.5M | $40.3M | $40.8M |