COPT DEFENSE PROPERTIES (CDP)
COPT is a Real Estate Investment Trust (REIT) that focuses on the ownership, management, leasing, development, and strategic acquisition of office and data center assets. The majority of its portfolio is dedicated to serving the United States Government and its contractors, particularly those engaged in national security, defense, and information technology (IT) operations, which the company identifies as growing, resilient, and high-priority missions. Furthermore, COPT maintains a collection of Class-A office properties located in select urban submarkets across the greater Washington, DC/Baltimore metropolitan area, distinguished by strong market characteristics. As of June 30, 2023, 90% of COPT's core portfolio's annual rental income originated from its Defense/IT locations, while the remaining 10% came from its Regional Office properties. On the same date, COPT's core portfolio, including 24 properties held via unconsolidated joint ventures, comprised 192 properties spanning 22.9 million square feet and maintained a 95% occupancy rate.
Sector: Real Estate Investment Trusts
Industry: REIT - Office
COPT Defense Properties
NYSE:CDPReal Estate · REIT - Office
+0.30%$33.93
AH Close$33.93+0.00%vs close
AH Close$33.93+0.00%vs close
Mkt Cap$3.85B
Float111.49M
O/S113.41M
Inst Own-
SI7.8%
Div Yield3.73%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$763.92M
Net Income$152.31M
Total Assets$4.7B
Free Cash Flow$253.68M
Debt & Equity
Debt 65%
Equity 35%
Total Debt$2.81B
Total Equity$1.51B
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in CDP's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$4.7B
Liabilities$3.11B
Accounts Receivable$305.96M
Accounts Payable$147.2M
Inventory$0
PP&E (Net)$50.38M
Goodwill$0
Intangible Assets$0
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 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 |
| Revenue | $763.92M | $753.27M | $684.98M | $739.03M | $664.45M | $584.18M | $611.82M | $578.11M | $612.77M | $574.56M | $625.27M | $586.7M | $525.47M | $508.13M | $492.96M | $492.23M | $767.07M | $585.61M | $407.14M | $353.66M | $321.31M | $232.85M | $195.79M | $144.13M | $123.05M | $105.14M | $77.48M | $39.27M | $6.6M | $2.5M | $2.5M | $2.2M | $1.2M | $600K | $100K |
| YoY Growth | 1.4% | 10.0% | -7.3% | 11.2% | 13.7% | -4.5% | 5.8% | -5.7% | 6.7% | -8.1% | 6.6% | 11.7% | 3.4% | 3.1% | 0.1% | -35.8% | 31.0% | 43.8% | 15.1% | 10.1% | 38.0% | 18.9% | 35.8% | 17.1% | 17.0% | 35.7% | 97.3% | 495.0% | 164.0% | 0.0% | 13.6% | 83.3% | 100.0% | 500.0% | - |
| Cost of Revenue | $646.07M | $492.91M | $453.75M | $518.62M | $454.97M | $258.41M | $420.42M | $394.59M | $422.99M | $374.09M | $435.39M | $279.99M | $226.07M | $337.78M | $343.02M | $346.82M | $493.67M | $141.05M | $163.05M | $231.92M | $135.81M | $113.64M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Gross Profit | $117.85M | $260.36M | $231.23M | $220.41M | $209.47M | $325.77M | $191.4M | $183.52M | $189.79M | $200.47M | $189.88M | $306.71M | $299.4M | $170.35M | $149.94M | $145.42M | $273.4M | $444.55M | $244.09M | $129.48M | $185.5M | $126.56M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Gross Margin | 15.4% | 34.6% | 33.8% | 29.8% | 31.5% | 55.8% | 31.3% | 31.7% | 31.0% | 34.9% | 30.4% | 52.3% | 57.0% | 33.5% | 30.4% | 29.5% | 35.6% | 75.9% | 60.0% | 36.6% | 57.7% | 54.4% | - | - | - | - | - | - | - | - | - | - | - | - | - |
| 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 |
| Selling, General, and Administrative | $32.78M | $47.04M | $42.77M | $38.99M | $40.77M | $37.47M | $39.64M | $34.74M | $37.05M | $38.34M | $40.77M | $37.37M | $36.3M | $37.61M | $36.43M | $34.9M | $26.94M | $209.47M | $21.7M | $16.94M | $13.53M | $10.94M | $7.89M | $6.7M | $5.29M | $4.87M | $3.2M | $1.89M | $500K | $400K | $0 | $0 | $0 | $0 | $200K |
| Other | -$145.29M | $0 | $0 | $0 | $0 | -$1.66M | $329K | $0 | $15.12M | $101.39M | $23.29M | $1.42M | $121.18M | $43.68M | $83.21M | $0 | $108.53M | $101.94M | $104.7M | $228.31M | $210.59M | $135.27M | $113.1M | $73.65M | $59.4M | $45.74M | $31.74M | $16.04M | $3.43M | $2.1M | $2.5M | $2.2M | $1.2M | $600K | -$100K |
| Total Operating Expenses | -$112.52M | $47.04M | $42.77M | $38.99M | $40.77M | $35.81M | $39.97M | $34.74M | $37.05M | $146.19M | $68.16M | $173.75M | $157.49M | $81.29M | $119.64M | $34.9M | $135.47M | $311.41M | $126.4M | $245.24M | $224.12M | $146.21M | $120.99M | $80.34M | $64.69M | $50.61M | $34.95M | $17.93M | $3.93M | $2.5M | $2.5M | $2.2M | $1.2M | $600K | $100K |
| Operating Income (EBIT) | $230.37M | $213.32M | $188.46M | $181.42M | $168.7M | $289.96M | $151.43M | $144.53M | $134.23M | $52.41M | $120.09M | $131.61M | $141.91M | $89.07M | $30.3M | $110.51M | $137.93M | $133.15M | $117.68M | $108.42M | $97.18M | $86.64M | $74.8M | $63.79M | $58.36M | $54.53M | $42.53M | $21.35M | $2.67M | $3.1M | $4.7M | $4.2M | $2.2M | $1.1M | -$100K |
| Operating Margin | 30.2% | 28.3% | 27.5% | 24.5% | 25.4% | 49.6% | 24.8% | 25.0% | 21.9% | 9.1% | 19.2% | 22.4% | 27.0% | 17.5% | 6.1% | 22.5% | 18.0% | 22.7% | 28.9% | 30.7% | 30.2% | 37.2% | 38.2% | 44.3% | 47.4% | 51.9% | 54.9% | 54.4% | 40.5% | 124.0% | 188.0% | 190.9% | 183.3% | 183.3% | -100.0% |
| Interest Expense | $88.15M | $83.77M | $72.46M | $61.17M | $65.4M | $67.94M | $71.05M | $75.39M | $76.98M | $78.59M | $84.61M | $87.73M | $76.56M | $80.16M | $83.44M | $89.86M | $82.19M | $86.41M | $85.58M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Interest Income | $12.17M | $16.99M | $16.49M | $9.34M | $9.01M | $8.57M | $7.89M | $4.36M | $6.32M | $5.44M | $4.52M | $4.92M | $3.83M | $7.17M | $5.6M | $9.57M | $5.16M | $2.07M | $3.03M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | -$69.89M | -$69.09M | -$262.22M | -$31.72M | -$90.33M | -$189M | $43.7M | -$66.25M | $150.08M | $0 | $46.76M | -$86.12M | -$103.1M | -$80.72M | -$116.21M | -$84.78M | -$77.96M | -$76.24M | -$82.55M | -$73.11M | -$57.1M | -$44.57M | -$41.49M | -$38.99M | -$33.61M | -$40.43M | -$28.57M | -$16.98M | -$2.67M | -$3.1M | -$4.7M | -$4.2M | -$2.2M | -$1.1M | $100K |
| Income Before Tax (EBT) | $160.48M | $144.23M | -$73.76M | $149.7M | $78.36M | $100.95M | $195.14M | $78.28M | $76.04M | $11.33M | $172.96M | $34.82M | $38.81M | $8.35M | -$85.91M | $25.73M | $59.97M | $56.9M | $35.14M | $35.31M | $40.08M | $42.07M | $33.32M | $24.8M | $24.75M | $14.1M | $13.97M | $4.37M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Income Tax Expense | $947K | $288K | $588K | $447K | $145K | $353K | -$217K | $147.69M | $1.1M | $244K | $199K | $310K | $1.98M | $381K | -$6.71M | $108K | $196K | $201K | $569K | $887K | $668K | $795K | -$169K | -$347K | -$409K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Income | $152.31M | $138.93M | -$73.47M | $173.03M | $76.54M | $97.37M | $191.69M | $72.3M | $68.75M | $30.05M | $178.3M | $40.26M | $93.71M | $20.98M | -$119.43M | $42.76M | $56.33M | $53.97M | $34.78M | $49.23M | $39.03M | $37.03M | $30.88M | $23.3M | $19.92M | $15.13M | $15.08M | $4.7M | -$1M | $300K | $300K | $300K | $200K | $100K | -$200K |
| Net Income Margin | 19.9% | 18.4% | -10.7% | 23.4% | 11.5% | 16.7% | 31.3% | 12.5% | 11.2% | 5.2% | 28.5% | 6.9% | 17.8% | 4.1% | -24.2% | 8.7% | 7.3% | 9.2% | 8.5% | 13.9% | 12.1% | 15.9% | 15.8% | 16.2% | 16.2% | 14.4% | 19.5% | 12.0% | -15.2% | 12.0% | 12.0% | 13.6% | 16.7% | 16.7% | -200.0% |
| Supplementary Data | |||||||||||||||||||||||||||||||||||
| EPS | 1.35 | 1.23 | -0.65 | 1.54 | 0.68 | 0.87 | 1.72 | 0.69 | 0.69 | 0.16 | 1.75 | 0.25 | 0.83 | -0.03 | -1.93 | 0.45 | 0.72 | 0.88 | 0.40 | 0.72 | 0.65 | 0.57 | 0.29 | 0.59 | 0.65 | 0.60 | 0.72 | 0.48 | -0.60 | 0.21 | 0.19 | 0.21 | 0.17 | 0.19 | -101.53 |
| Diluted EPS | 1.34 | 1.23 | -0.65 | 1.53 | 0.68 | 0.87 | 1.71 | 0.69 | 0.69 | 0.16 | 1.74 | 0.25 | 0.83 | -0.03 | -1.94 | 0.43 | 0.70 | 0.87 | 0.39 | 0.69 | 0.63 | 0.54 | 0.27 | 0.56 | 0.63 | 0.59 | 0.66 | 0.47 | -0.60 | 0.21 | 0.19 | 0.21 | 0.17 | 0.19 | -101.53 |
| Weighted Average OS | 112.52M | 112.30M | 112.18M | 112.07M | 111.96M | 111.79M | 111.20M | 104.13M | 99.21M | 94.50M | 93.91M | 88.26M | 85.17M | 73.45M | 69.38M | 59.61M | 55.93M | 48.13M | 46.53M | 41.56M | 37.56M | 33.14M | 26.38M | 22.32M | 20.10M | 18.89M | 16.98M | 2.27M | 1.67M | 1.43M | 1.58M | 1.43M | 1.18M | 526,316 | 710,000 |
| EBITDA | $410.84M | $384.02M | $152.68M | $354.46M | $294.41M | $303.48M | $405.09M | $292.73M | $289.52M | $295.88M | $282.18M | $271.75M | $265.14M | $212.92M | $134.12M | $241.41M | $253.96M | $248.28M | $226.35M | $189.32M | $160.74M | $138.55M | $112.93M | $94.97M | $81.16M | $116.79M | $123.42M | $37.38M | $11.3M | $3.7M | $5.2M | $4.7M | $2.5M | $1.2M | -$100K |
| EBITDA Margin | 53.8% | 51.0% | 22.3% | 48.0% | 44.3% | 52.0% | 66.2% | 50.6% | 47.2% | 51.5% | 45.1% | 46.3% | 50.5% | 41.9% | 27.2% | 49.0% | 33.1% | 42.4% | 55.6% | 53.5% | 50.0% | 59.5% | 57.7% | 65.9% | 66.0% | 111.1% | 159.3% | 95.2% | 171.2% | 148.0% | 208.0% | 213.6% | 208.3% | 200.0% | -100.0% |
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 1991 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 | 1991-12-31 |
| Assets | ||||||||||||||||||||||||||||||||
| Current Assets | ||||||||||||||||||||||||||||||||
| Cash and Cash Equivalents | $274.99M | $38.28M | $167.82M | $12.34M | $13.26M | $18.37M | $14.73M | $8.07M | $12.26M | $209.86M | $60.31M | $6.08M | $54.37M | $10.59M | $5.56M | $10.1M | $8.26M | $6.78M | $24.64M | $7.92M | $10.78M | $13.82M | $9.48M | $5.99M | $6.64M | $4.98M | $2.38M | $2.35M | $3.4M | $0 | $0 | $6M |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $274K | $6.59M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $500K | $600K | $0 |
| Cash and Short-Term Investments | $274.99M | $38.28M | $167.82M | $12.34M | $13.26M | $18.37M | $14.76M | $8.07M | $12.26M | $209.86M | $60.31M | $6.35M | $60.97M | $10.59M | $5.56M | $10.1M | $8.26M | $6.78M | $24.64M | $7.92M | $10.78M | $13.82M | $9.48M | $5.99M | $6.64M | $4.98M | $2.38M | $2.35M | $3.4M | $500K | $600K | $6M |
| Accounts Receivable | $305.96M | $273.35M | $279.69M | $253.1M | $231.9M | $186.05M | $168.84M | $172.61M | $176M | $176.94M | $149.04M | $146.61M | $170.12M | $138.44M | $112.89M | $98.1M | $17.46M | $77.81M | $24.83M | $68.01M | $32.58M | $26.28M | $30.95M | $17.21M | $15.25M | $11.89M | $6.56M | $5.25M | $557K | $0 | $0 | $0 |
| Inventory | $0 | $0 | -$2.56M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$53K | -$274K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $103.22M | $81.63M | $84.59M | $232.19M | $196.75M | $293.93M | $95.75M | $3.88M | $44.8M | $102.85M | $175.44M | $96.13M | $11.45M | $161.79M | $152.85M | $22.58M | $6.4M | $13.74M | $68.75M | -$124.4M | -$78.54M | -$58.75M | -$54.74M | -$34.46M | -$31.44M | -$16.87M | -$8.94M | -$7.6M | -$3.95M | -$500K | -$600K | $100K |
| Total Current Assets | $684.16M | $393.26M | $529.55M | $523.3M | $465.89M | $498.34M | $279.35M | $240.28M | $284.7M | $542.86M | $384.79M | $249.08M | $274.13M | $330.1M | $291.33M | $130.78M | $114.08M | $192.12M | $170.2M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $6.1M |
| Long-Term Assets | ||||||||||||||||||||||||||||||||
| Property, Plant & Equipment Net | $50.38M | $55.76M | $41.3M | $37.02M | $50.2M | $3.45B | $3.42B | $8.63M | $5.26M | $5.2M | $6M | $3.09B | $2.98B | $7.99M | $10.18M | $3.45B | $3.03B | $2.78B | $2.6B | $2.11B | $1.89B | $1.54B | $1.19B | $1.04B | $923.7M | $751.73M | $696.5M | $546.89M | $188.6M | $23.1M | $23.6M | $200K |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$41.39M | -$57.2M | -$75.31M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $10.7M | $6.85M | $9.96M | $14.57M | $19.25M | $27.39M | $43.47M | $59.09M | $78.35M | $98.34M | $43.85M | $59.26M | $75.88M | $89.12M | $113.73M | $100.67M | $91.85M | $108.66M | $87.33M | $90.98M | $67.56M | $55.69M | $28.42M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $36.37M | $39.36M | $41.05M | $21.46M | $51.63M | $34.84M | $58.65M | $45.78M | $46.84M | $27.9M | $17.12M | $2.37M | $2.56M | $2.42M | $0 | $0 | $0 | $0 | $0 | $0 | $1.62M | $1.62M | $1.62M | $1.62M | $2.11M | $6.12M | $3.66M | $2.35M | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | -$6.85M | $1.41M | $1.84M | $0 | $0 | $3.66B | $3.6B | $3.78B | $3.47M | $0 | $0 | $6.61M | $6.92M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $3.93B | $3.76B | $3.64B | $3.66B | $3.68B | $70.88M | $72.03M | -$296.78M | -$338.69M | -$579M | $3.4B | $280.36M | $318.82M | $3.23B | $3.47B | $154.54M | $135.38M | $51.8M | $49.05M | -$2.2B | -$1.98B | -$1.61B | -$1.25B | -$1.07B | -$925.81M | -$757.86M | -$700.16M | -$549.24M | -$188.6M | -$23.1M | -$23.6M | $100K |
| Total Long-Term Assets | $4.02B | $3.86B | $3.72B | $3.73B | $3.8B | $3.58B | $3.58B | $3.42B | $3.31B | $3.24B | $3.52B | $3.42B | $3.36B | $3.32B | $3.57B | $3.71B | $3.27B | $2.92B | $2.76B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $300K |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2.42B | $2.13B | $1.73B | $1.33B | $1.14B | $994.9M | $794.84M | $721.03M | $563.68M | $193.5M | $24.2M | $24.8M | $0 |
| Total Assets | $4.7B | $4.25B | $4.25B | $4.26B | $4.26B | $4.08B | $3.85B | $3.66B | $3.6B | $3.78B | $3.91B | $3.66B | $3.63B | $3.65B | $3.86B | $3.84B | $3.38B | $3.11B | $2.93B | $2.42B | $2.13B | $1.73B | $1.33B | $1.14B | $994.9M | $794.84M | $721.03M | $563.68M | $193.5M | $24.2M | $24.8M | $6.4M |
| Liabilities | ||||||||||||||||||||||||||||||||
| Current Liabilities | ||||||||||||||||||||||||||||||||
| Accounts Payable | $147.2M | $126.03M | $133.31M | $158M | $186.2M | $142.72M | $148.75M | $92.86M | $108.14M | $108.68M | $91.75M | $123.03M | $98.78M | $97.92M | $95.71M | $99.7M | $116.45M | $93.63M | $75.53M | $1.37B | $1.37B | $1.05B | $761.82M | $716.73M | $584M | $484.58M | $406.22M | $310.22M | $115.31M | $0 | $0 | $200K |
| Short-Term Debt | $150M | $75M | $75M | $211M | $76M | $143M | $177M | $213M | $126M | $0 | $43.5M | $83M | $0 | $0 | $662M | $0 | $2.05B | $1.86B | $0 | $0 | $0 | $0 | $0 | $104.72M | $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 |
| Current Unearned Revenue | $85.63M | $78.31M | $64.46M | $41.02M | $41.6M | $44.26M | $40.98M | $39.2M | $37.33M | $42.46M | $56.91M | $44.04M | $41.86M | $39.63M | $45.1M | $14.8M | $14.94M | $30.46M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $31.6M | -$2.01B | $0 | $35.48M | -$1.39B | -$1.39B | -$1.07B | -$773.92M | -$831.24M | -$573.33M | -$491.67M | -$412.52M | -$314.91M | -$116.58M | $0 | $0 | $100K |
| Total Current Liabilities | $418.03M | $313.25M | $305.42M | $441.42M | $335.1M | $361.2M | $397.99M | $375.92M | $300.39M | $182.48M | $222.34M | $279.94M | $169.73M | $166.25M | $837.85M | $179.09M | $205.55M | $2.01B | $133.46M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $300K |
| Long-Term Liabilities | ||||||||||||||||||||||||||||||||
| Long-Term Debt | $2.62B | $2.32B | $2.34B | $2.02B | $2.2B | $1.94B | $1.65B | $1.61B | $1.7B | $1.9B | $2.03B | $1.83B | $1.93B | $2.02B | $1.76B | $2.32B | $2.05B | $1.87B | $1.83B | $1.5B | $1.35B | $1.02B | $738.7M | $705.06M | $573.33M | $474.35M | $399.6M | $306.8M | $114.4M | $14.9M | $14.9M | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $33.42M | $33.62M | $30.08M | $25.65M | $29.8M | $37.15M | $31.01M | $31.49M | $27.63M | $29.55M | $0 | $14.94M | $10.82M | $11.53M | $11.12M | $12.71M | $7.25M | $9.63M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $33.24M | $14.38M | $19M | $18.56M | $17.73M | -$11.41M | $2.71M | -$14.21M | $59.55M | $46.96M | -$20.21M | -$17.05M | -$13.98M | -$6.08M | $17.04M | $18.61M | -$14.94M | -$1.85B | $8.29M | -$1.51B | -$1.36B | -$1.03B | -$748.33M | -$705.06M | -$573.33M | -$474.35M | -$399.6M | -$306.8M | -$114.4M | -$14.9M | -$14.9M | $0 |
| Total Long-Term Liabilities | $2.7B | $2.38B | $2.39B | $2.07B | $2.24B | $2B | $1.71B | $1.63B | $1.8B | $1.98B | $2.05B | $1.84B | $1.95B | $2.04B | $1.81B | $2.34B | $2.05B | $25.18M | $1.85B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.63B | $1.44B | $1.11B | $801.9M | $749.34M | $615.51M | $495.55M | $416.3M | $317.7M | $116.9M | $15M | $15.2M | $0 |
| Total Liabilities | $3.11B | $2.69B | $2.7B | $2.51B | $2.58B | $2.36B | $2.11B | $2B | $2.1B | $2.16B | $2.27B | $2.12B | $2.11B | $2.21B | $2.65B | $2.52B | $2.26B | $2.03B | $1.98B | $1.63B | $1.44B | $1.11B | $801.9M | $749.34M | $615.51M | $495.55M | $416.3M | $317.7M | $116.9M | $15M | $15.2M | $300K |
| Stockholders' Equity | ||||||||||||||||||||||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $172.5M | $199.08M | $199.08M | $249.08M | $333.83M | $216.33M | $81K | $81K | $81K | $81K | $76K | $67K | $67K | $85K | $43K | $43K | $12K | $22K | $10K | $0 | $0 | $0 | $0 |
| Common Stock | $1.13M | $1.13M | $1.13M | $1.12M | $1.12M | $1.12M | $1.12M | $1.1M | $1.01M | $985K | $945K | $933K | $874K | $809K | $720K | $669K | $583K | $518K | $474K | $429K | $399K | $368K | $296K | $238K | $208K | $206K | $200K | $168K | $23K | $0 | $0 | $0 |
| Retained Earnings | -$988.96M | -$1B | -$1.01B | -$807.51M | -$856.86M | $0 | $0 | -$846.81M | -$802.09M | -$765.28M | -$657.17M | $0 | $0 | -$617.46M | -$534.04M | -$281.79M | -$209.94M | -$162.57M | -$126.16M | -$83.54M | -$67.7M | -$51.36M | -$38.48M | -$21.07M | -$14.5M | -$11.06M | -$7.5M | -$7.2M | -$5M | -$3.2M | -$2.8M | -$200K |
| Comprehensive Income & Other | -$61K | $988K | $2.12M | $2.07M | -$3.06M | -$818.99M | -$803.72M | -$847.05M | -$799.92M | -$767.01M | -$2.84M | -$718.56M | -$638.39M | -$5.43M | -$1.73M | -$4.16M | -$1.91M | -$4.75M | -$2.37M | -$693K | -$482K | $0 | -$294K | -$349K | -$2.5M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Stockholders' Equity | $2.5B | $2.5B | $2.49B | $2.49B | $2.48B | $1.66B | $1.68B | $2.43B | $2.2B | $2.29B | $2.2B | $1.45B | $1.42B | $1.98B | $1.67B | $1.51B | $1.24B | $1.11B | $948.32M | $757.41M | $649.81M | $572.91M | $488.57M | $309.33M | $278.21M | $204.59M | $199.4M | $175.81M | $16.68M | $12.4M | $12.4M | $6.3M |
| Total Equity | $1.51B | $1.49B | $1.48B | $1.68B | $1.62B | $1.66B | $1.68B | $1.59B | $1.4B | $1.52B | $1.54B | $1.45B | $1.43B | $1.37B | $1.13B | $1.23B | $1.03B | $946.01M | $822.64M | $674.3M | $582.51M | $521.92M | $450.38M | $288.5M | $263.92M | $193.73M | $192.1M | $168.78M | $11.7M | $9.2M | $9.6M | $6.1M |
| Minority Interest | $72.9M | $67.48M | $63.42M | $65.94M | $61.23M | $58.11M | $69.72M | $1.82B | $1.83B | $1.69B | $91.26M | $87.88M | $89.42M | $81.37M | $82.45M | $96.5M | $93.11M | $136.41M | $130.09M | $116.19M | $105.21M | $98.88M | $79.8M | $100.89M | $104.78M | $105.56M | $112.64M | $77.2M | $64.9M | $0 | $0 | $0 |
| Total Liabilities and Equity | $4.63B | $4.19B | $4.18B | $4.19B | $4.2B | $4.02B | $3.78B | $3.59B | $3.51B | $3.69B | $3.82B | $3.58B | $3.54B | $3.57B | $3.78B | $3.75B | $3.29B | $2.98B | $2.8B | $2.3B | $2.02B | $1.63B | $1.25B | $1.04B | $879.43M | $689.28M | $608.4M | $486.48M | $128.6M | $24.2M | $24.8M | $6.4M |
| Supplementary Data | ||||||||||||||||||||||||||||||||
| Total Debt | $2.81B | $2.44B | $2.45B | $2.26B | $2.3B | $2.13B | $1.87B | $1.82B | $1.84B | $1.9B | $2.08B | $1.92B | $1.93B | $2.02B | $2.43B | $2.32B | $4.11B | $3.72B | $1.83B | $1.5B | $1.35B | $1.02B | $738.7M | $809.77M | $573.33M | $474.35M | $399.6M | $306.8M | $114.4M | $14.9M | $14.9M | $0 |
| Net Debt | $2.54B | $2.4B | $2.28B | $2.25B | $2.29B | $2.11B | $1.86B | $22.72M | $56.04M | -$88.95M | $2.02B | $1.91B | $1.88B | $2.01B | $2.42B | $2.31B | $4.1B | $3.72B | $1.8B | $1.49B | $1.34B | $1.01B | $729.22M | $803.78M | $566.69M | $469.37M | $397.22M | $304.45M | $111M | $14.9M | $14.9M | -$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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Operating Activities | ||||||||||||||||||||||||||||||||||
| Net Income | $152.31M | $138.93M | -$73.47M | $178.82M | $81.58M | $102.88M | $200M | $78.64M | $74.94M | $33.77M | $188.88M | $40.26M | $93.71M | $20.34M | -$127.58M | $45.5M | $61.3M | $61.32M | $34.78M | $49.23M | $39.03M | $37.03M | $30.88M | $23.3M | $19.92M | $15.29M | $16M | $4.7M | -$1M | $300K | $300K | $300K | $200K | $100K |
| Depreciation & Amortization | $163.7M | $156.01M | $151.4M | $143.59M | $150.64M | $140.03M | $138.9M | $139.06M | $136.5M | $134.87M | $140.03M | $125.59M | $115.27M | $124.42M | $136.59M | $125.82M | $111.81M | $104.97M | $105.64M | $80.07M | $63.55M | $51.9M | $38.12M | $31.18M | $22.79M | $16.51M | $11.65M | $6.29M | $1.3M | $600K | $500K | $500K | $300K | $100K |
| Deferred Income Tax | $0 | $0 | -$22.19M | -$47.2M | $35.04M | $0 | -$104.9M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $0 | $10.44M | $8.54M | $8.79M | $7.98M | $6.5M | $6.71M | $6.38M | $5.62M | $6.84M | $6.57M | $6.16M | $6.53M | $9.98M | $11.92M | $11.85M | $10.6M | $9.04M | $6.64M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | ||||||||||||||||||||||||||||||||||
| Accounts Receivable | -$15.94M | $6.5M | -$5.62M | -$2.44M | -$662K | -$6.38M | -$7.14M | $5.67M | $2.78M | -$5.26M | $1.33M | -$2.01M | -$11.7M | $8.05M | -$6.24M | -$1.68M | -$3.63M | $534K | -$10.44M | -$20.85M | -$5.76M | -$11.95M | -$15.81M | -$4.23M | -$4.88M | -$4.11M | -$4.5M | -$1.78M | -$500K | -$100K | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | -$4.85M | $2.13M | -$27.36M | $0 | -$22.46M | $0 | $0 | $0 | $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 | $556K | -$4.09M | -$2.9M | -$11.14M | $22M | $6.55M | $20.37M | -$49.18M | $4.31M | $43.16M | -$3.62M | $0 | $0 | $4.91M | -$18.04M | -$19.64M | $0 | $0 | $6.01M | $17.73M | $7.95M | $5.85M | $9.28M | $4.72M | $2.66M | $927K | $3M | $3.1M | $1.2M | $100K | -$100K | $0 | -$100K | $300K |
| Other Working Capital | -$11.07M | $463K | $5.39M | -$2.25M | -$1.16M | -$7.82M | $3.54M | $3.84M | $3.31M | -$24.62M | $9.26M | -$8.77M | -$3.19M | -$7.25M | -$582K | $2.78M | $14.54M | $15.3M | -$4.27M | -$7.35M | -$14.68M | -$7.81M | -$6.54M | $490K | -$2.22M | -$7.41M | -$1.5M | -$3M | $700K | $0 | -$100K | $0 | -$100K | $300K |
| Total Working Capital Change | -$26.45M | $2.88M | -$7.98M | -$13.7M | -$7.18M | -$7.64M | -$5.69M | -$39.67M | $10.4M | -$21.82M | $6.97M | -$10.79M | -$14.89M | $5.71M | -$24.87M | -$18.54M | $10.91M | $15.84M | -$8.7M | -$10.47M | -$12.49M | -$13.91M | -$13.07M | $980K | -$4.45M | -$10.6M | -$3M | -$1.68M | $1.4M | $0 | -$200K | $0 | -$200K | $600K |
| Other Non-Cash Items | $45.37M | $22.69M | $219.97M | -$4.48M | -$18.91M | -$3.34M | -$6.47M | -$3.93M | $2.67M | $79.24M | -$139.41M | $32.66M | -$41.64M | $31.38M | $156.07M | -$8.19M | $195K | -$10.27M | -$662K | -$5.68M | $5.85M | $9.47M | $11.86M | $6.78M | $12.61M | $13.82M | $7.65M | $3.57M | $1.5M | -$100K | $100K | -$100K | $100K | -$300K |
| Net Cash from Operating | $334.93M | $330.95M | $276.27M | $265.82M | $249.15M | $238.42M | $228.56M | $180.48M | $230.12M | $232.9M | $204.13M | $193.88M | $158.98M | $191.84M | $152.14M | $156.44M | $194.82M | $180.89M | $137.7M | $113.15M | $95.94M | $84.49M | $67.78M | $62.24M | $50.88M | $35.03M | $32.3M | $12.86M | $3.2M | $800K | $700K | $700K | $400K | $500K |
| Investing Activities | ||||||||||||||||||||||||||||||||||
| Capital Expenditures | -$99.72M | -$31.34M | -$20.5M | -$36.38M | -$30.03M | -$32.76M | -$24.66M | -$70.25M | -$70.87M | -$70.92M | -$66.27M | $0 | $0 | -$20.07M | -$319.62M | -$496.44M | -$262.64M | -$291.89M | -$366.27M | -$290.21M | -$502.36M | -$253.29M | -$196.89M | -$133.55M | -$134.01M | -$65.13M | -$152.7M | -$180.65M | -$500K | $0 | $0 | -$9.5M | -$5.4M | -$9.8M |
| Acquisitions | $0 | $0 | $0 | $21.79M | $160.69M | $59.84M | $201.5M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $5.52M | $0 | $0 | -$115K | -$1.26M | $499K | $250K | $0 | $0 | $0 | $1.26M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | -$218.56M | $0 | $0 | -$302.86M | -$273.79M | $0 | -$405.62M | -$160.09M | -$200.5M | -$161.57M | -$437.23M | $0 | $0 | -$250K | $0 | -$6.6M | $0 | -$25.25M | $0 | -$454K | -$130K | -$661K | -$9.58M | -$2.09M | -$22.13M | -$6.39M | -$1.11M | -$10K | -$1.4M | -$1M | -$700K | $0 | $0 | $0 |
| Sales of Investments | $5M | $0 | $0 | $281.07M | $143.12M | $0 | $108.13M | $0 | $180.84M | $306.55M | $200.3M | $0 | $0 | $0 | $0 | $0 | $0 | $91K | $2.53M | $0 | $0 | $0 | $0 | $4.87M | $0 | $0 | $0 | $0 | $1.9M | $1.1M | $100K | $0 | $0 | $0 |
| Other Investing Activities | -$1.47M | -$259.67M | -$149.12M | -$47.08M | -$202.97M | -$352.88M | -$17.36M | -$4.52M | $1.17M | -$2.62M | -$4.33M | -$209.69M | -$119.79M | $34.06M | $53.71M | $23.87M | -$86.44M | $26.34M | $37.29M | $36.33M | $81.94M | -$14.77M | $33.52M | $2.21M | -$852K | -$1.74M | $27.98M | -$2.99M | $1M | $0 | $0 | $0 | -$100K | $100K |
| Net Cash from Investing | -$314.74M | -$291.01M | -$169.62M | -$83.46M | -$202.97M | -$325.79M | -$138.01M | -$232.92M | -$89.36M | $71.45M | -$307.53M | -$209.69M | -$119.79M | $13.74M | -$260.39M | -$479.17M | -$349.08M | -$290.82M | -$327.71M | -$253.83M | -$420.3M | -$268.72M | -$172.95M | -$128.57M | -$155.74M | -$73.26M | -$125.84M | -$183.65M | $1M | $100K | -$600K | -$9.5M | -$5.5M | -$9.7M |
| Financing Activities | ||||||||||||||||||||||||||||||||||
| Debt Repaid | -$361.15M | $29.98M | -$317.42M | $49.84M | -$149.81M | -$279.01M | -$39.23M | $19.21M | $78.06M | $117M | -$259.05M | $9.26M | -$64.89M | $394.95M | -$111.35M | -$209.25M | -$191.68M | -$78.39M | -$288.45M | $89.41M | -$308.76M | -$152.26M | $190K | -$93.29M | -$66.12M | -$70.99M | -$87.2M | -$107.77M | $300K | $300K | $100K | -$7.6M | -$2.7M | -$4.8M |
| Common Stock Issuance | $0 | $0 | $0 | $0 | $0 | $0 | $46.41M | $202.06M | $69.53M | $109.07M | $28.57M | $150.17M | $157.44M | $205.43M | $147.83M | $250.2M | $0 | $0 | $3.27M | $171.06M | $79.54M | $154M | $81.73M | $25.54M | $998K | $286K | $29.5M | $72.74M | $0 | $0 | $0 | $0 | $6.9M | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$1.97M | -$2.47M | -$2.46M | -$1.55M | -$2M | -$55M | $0 | $0 | -$2.05M | -$1.32M | -$351K | -$64.38M | $0 | -$31.25M | -$35.59M | $0 | $0 | -$1.42M | $0 | $0 | -$59K | $0 | $0 | $0 | -$800K | -$300K |
| Dividends Paid | -$136.6M | -$1K | -$127.18M | -$123.64M | -$123.53M | -$123.37M | -$122.66M | -$114.29M | -$109.17M | -$104.14M | -$103.64M | -$96.33M | -$93.47M | -$89.16M | -$114.64M | -$93.79M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | -$8.01M | -$7.85M | -$7.98M | -$9.69M | -$10.18M | -$21.57M | -$11.35M | -$19.01M | -$10.48M | -$26.34M | -$9.54M | $91.38M | $56.51M | -$13.42M | -$24.73M | -$24.98M | -$1.26M | -$5.76M | -$3.35M | $193.82M | -$3.71M | $801K | $5.13M | -$13.89M | -$1.45M | -$1.57M | -$32.47M | -$2.13M | -$41K | $0 | -$100K | $0 | -$200K | $100K |
| Net Cash from Financing | $216.54M | -$169.67M | $46.26M | -$183.18M | -$50.9M | $91.27M | -$84.36M | $49.55M | -$338.55M | -$154.43M | $157.76M | -$32.49M | $4.59M | -$200.55M | $103.7M | $324.57M | $155.75M | $92.07M | $206.73M | $137.82M | $321.32M | $188.57M | $108.66M | $65.68M | $106.53M | $40.84M | $93.57M | $169.74M | -$1.1M | -$1M | -$1M | $6.4M | $7.8M | $4.1M |
| 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 | $0 | $0 | $0 |
| Net Change in Cash | $236.73M | -$129.73M | $152.91M | -$807K | -$4.72M | $3.9M | $6.18M | -$4.2M | -$197.6M | $149.55M | $54.23M | -$48.3M | $43.78M | $5.04M | -$4.54M | $1.84M | $1.49M | -$17.86M | $16.71M | -$2.86M | -$3.04M | $4.34M | $3.49M | -$649K | $1.66M | $2.6M | $100K | -$1.05M | $3.1M | -$300K | -$1.1M | -$3.6M | -$900K | -$6M |
| Supplementary Data | ||||||||||||||||||||||||||||||||||
| Operating Cash Flow | $334.93M | $330.95M | $276.27M | $265.82M | $249.15M | $238.42M | $228.56M | $182.42M | $230.12M | $232.9M | $204.13M | $193.88M | $158.98M | $191.84M | $152.14M | $156.44M | $194.82M | $180.89M | $137.7M | $113.15M | $95.94M | $84.49M | $67.78M | $62.24M | $50.88M | $35.03M | $32.3M | $12.86M | $3.2M | $800K | $700K | $700K | $400K | $500K |
| Capital Expenditure | -$81.25M | -$31.34M | -$20.5M | -$36.38M | -$30.03M | -$32.76M | -$24.66M | -$70.25M | -$70.87M | -$70.92M | -$66.27M | $0 | $0 | -$20.07M | -$16.91M | -$10.42M | -$262.64M | -$291.89M | -$366.27M | -$290.21M | -$502.36M | -$253.29M | -$196.89M | -$133.55M | -$134.01M | -$65.13M | -$152.7M | -$180.65M | -$500K | $0 | $0 | -$9.5M | -$5.4M | -$9.8M |
| Free Cash Flow | $253.68M | $299.61M | $255.77M | $229.45M | $219.12M | $205.67M | $203.9M | $112.18M | $159.25M | $161.99M | $137.86M | $193.88M | $158.98M | $171.77M | $135.24M | $146.01M | -$67.82M | -$111M | -$228.57M | -$177.06M | -$406.42M | -$168.8M | -$129.1M | -$71.31M | -$83.14M | $35.03M | -$120.4M | $12.86M | $2.7M | $800K | $700K | -$8.8M | -$5M | -$9.3M |
| Cash at Beginning | $39.7M | $169.42M | $16.51M | $17.32M | $22.03M | $18.13M | $11.95M | $12.26M | $209.86M | $60.31M | $6.08M | $54.37M | $10.59M | $5.56M | $10.1M | $8.26M | $6.78M | $24.64M | $7.92M | $10.78M | $13.82M | $9.48M | $5.99M | $6.64M | $4.98M | $2.38M | $2.3M | $3.4M | $300K | $300K | $1.1M | $3.6M | $900K | $6M |
| Cash at End | $276.43M | $39.7M | $169.42M | $16.51M | $17.32M | $22.03M | $18.13M | $8.07M | $12.26M | $209.86M | $60.31M | $6.08M | $54.37M | $10.59M | $5.56M | $10.1M | $8.26M | $6.78M | $24.64M | $7.92M | $10.78M | $13.82M | $9.48M | $5.99M | $6.64M | $4.98M | $2.4M | $2.35M | $3.4M | $0 | $0 | $0 | $0 | $0 |