CENTRAL SECURITIES CORP (CET)
Central Securities Corporation functions as a publicly traded entity specializing in investment management. The firm primarily allocates capital within the United States' public stock markets. Additionally, it broadens its investment portfolio to include a diverse range of assets such as various bonds (including convertible and preferred types), warrants, options, and real estate. The company also invests in short-term debt instruments issued by governmental agencies, financial institutions, and corporations. Central Securities Corp. was established on October 1, 1929, and its main office is located in New York City.
Industry: Asset Management
Central Securities Corp.
NYSE:CETFinancial Services · Asset Management
+0.79%$56.25
Mkt Cap$1.66B
Float17.26M
O/S29.55M
Inst Own14.9%
SI<0.1%
Div Yield4.91%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$86.95M
Net Income$265.21M
Total Assets$1.79B
Free Cash Flow$47.06M
Debt & Equity
Debt 0%
Equity 100%
Total Debt$2.73M
Total Equity$1.79B
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in CET's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$1.79B
Liabilities$3.14M
Accounts Receivable$836K
Accounts Payable$0
Inventory$0
PP&E (Net)$3.15M
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Revenue | $86.95M | $296.2M | $57.37M | -$152.65M | $360.31M | $79.89M | $256.96M | -$28.49M | $174.85M | $118.04M | -$12.61M | $34.5M | $147.86M | $17.45M | $3.05M | $109.47M | $10.26M | $12.05M | $11.64M | $10.41M | $8.67M | $4.85M | $4.05M | $4.85M | $5.84M | $7.85M | $6.77M | $7M | $6.14M | $6.03M |
| YoY Growth | -70.6% | 416.3% | -137.6% | -142.4% | 351.0% | -68.9% | -1002.1% | -116.3% | 48.1% | -1036.3% | -136.5% | -76.7% | 747.5% | 472.6% | -97.2% | 967.0% | -14.9% | 3.5% | 11.8% | 20.1% | 78.8% | 19.8% | -16.5% | -17.0% | -25.6% | 16.0% | -3.3% | 14.0% | 1.8% | - |
| Cost of Revenue | $5.7M | $5.66M | $4.8M | $4.63M | $5.57M | $4.69M | $4.57M | $4.44M | $4.25M | $4.14M | $3.16M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Gross Profit | $81.25M | $296.2M | $52.56M | -$157.28M | $354.74M | $75.21M | $252.4M | -$32.92M | $170.59M | $113.9M | -$15.77M | $34.5M | $147.86M | $17.45M | $3.05M | $109.47M | $10.26M | $12.05M | $11.64M | $10.41M | $8.67M | $4.85M | $4.05M | $4.85M | $5.84M | $7.85M | $6.77M | $7M | $6.14M | $6.03M |
| Gross Margin | 93.4% | 100.0% | 91.6% | 103.0% | 98.5% | 94.1% | 98.2% | 115.6% | 97.6% | 96.5% | 125.1% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| Research and Development | $0 | $0 | $0 | $0 | $3 | $0 | $6 | $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 | $7.5M | $7.99M | $6.63M | $5.82M | $6.53M | $5.98M | $5.77M | $5.61M | $5.49M | $5.25M | $4.27M | $4.22M | $4.55M | $4.34M | $3.63M | $3.5M | $3.51M | $3.44M | $3.57M | $2.93M | $2.77M | $2.52M | $2.09M | $2.06M | $2.22M | $2.23M | $2.06M | $2.06M | $2M | $1.6M |
| Other | -$191.47M | $288.2M | $175K | $201K | $203K | $203K | $182K | $183K | $147K | $156K | $160K | $156K | $144K | $163K | $655K | $667K | $370K | $360K | $260K | $210K | $210K | $260K | $230K | $210K | $280K | $210K | $190K | $160K | $180K | $180K |
| Total Operating Expenses | -$183.97M | $296.2M | $6.81M | $6.02M | $6.73M | $6.18M | $5.95M | $5.79M | $5.64M | $5.4M | $4.43M | $4.38M | $4.69M | $4.51M | $4.29M | $4.17M | $3.88M | $3.8M | $3.83M | $3.14M | $2.98M | $2.78M | $2.32M | $2.27M | $2.5M | $2.44M | $2.25M | $2.22M | $2.18M | $1.78M |
| Operating Income (EBIT) | $265.21M | $287.97M | $223.64M | -$158.67M | $353.58M | $73.72M | $251.01M | -$34.28M | $169.21M | $112.64M | -$17.04M | $30.13M | $143.17M | $12.94M | -$1.24M | $105.31M | $6.38M | $8.25M | $7.82M | $7.27M | $5.68M | $2.08M | $1.74M | $2.59M | $3.34M | $5.4M | $4.52M | $4.78M | $3.97M | $4.25M |
| Operating Margin | 305.0% | 97.2% | 389.8% | 103.9% | 98.1% | 92.3% | 97.7% | 120.3% | 96.8% | 95.4% | 135.2% | 87.3% | 96.8% | 74.2% | -40.8% | 96.2% | 62.2% | 68.5% | 67.2% | 69.8% | 65.5% | 42.9% | 43.0% | 53.4% | 57.2% | 68.8% | 66.8% | 68.3% | 64.7% | 70.5% |
| Interest Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $7.66M | $43.58M | $42.12M | $36.47M | $31.67M | $25.1M | $24.76M | $22.87M | $13.66M | $65.92M | $43.21M | $22.91M | $30.13M | $18.15M |
| Interest Income | $31.89M | $3.7M | $3.86M | $906K | $6K | $199K | $830K | $785K | $420K | $119K | $20K | $14K | $11K | $0 | $0 | $4K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | $0 | $287.97M | $0 | $0 | $0 | $73.72M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $110.17M | -$218.21M | $46.75M | $86.01M | $62.34M | $67.42M | $134.65M | -$162.52M | -$44.72M | $34.91M | $135.74M | $50.9M | $89.17M | $70.86M |
| Income Before Tax (EBT) | $265.21M | $287.97M | $223.64M | -$158.67M | $353.58M | $73.72M | $251.01M | -$34.28M | $169.21M | $112.64M | -$17.04M | $30.13M | $143.17M | $12.94M | -$1.24M | $105.31M | $116.55M | -$209.96M | $54.57M | $93.28M | $68.02M | $69.5M | $136.39M | -$159.93M | -$41.38M | $40.31M | $140.26M | $55.68M | $93.14M | $75.11M |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $3 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$174.63M | $88.87M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Income | $265.21M | $287.97M | $223.64M | -$158.67M | $353.58M | $73.72M | $251.01M | -$34.28M | $169.21M | $112.64M | -$17.04M | $30.13M | $143.17M | $12.94M | -$1.24M | $105.31M | $116.55M | -$209.96M | $54.57M | $93.28M | $68.02M | $69.5M | $136.39M | -$159.93M | -$41.38M | $40.31M | $140.26M | $55.68M | $93.14M | $75.11M |
| Net Income Margin | 305.0% | 97.2% | 389.8% | 103.9% | 98.1% | 92.3% | 97.7% | 120.3% | 96.8% | 95.4% | 135.2% | 87.3% | 96.8% | 74.2% | -40.8% | 96.2% | 1136.0% | -1742.4% | 468.8% | 896.1% | 784.5% | 1433.0% | 3367.7% | -3297.5% | -708.6% | 513.5% | 2071.8% | 795.4% | 1516.9% | 1245.6% |
| Supplementary Data | ||||||||||||||||||||||||||||||
| EPS | 9.15 | 10.14 | 7.88 | -5.81 | 13.47 | 2.81 | 9.70 | -1.34 | 6.73 | 4.53 | -0.69 | 1.15 | 5.95 | 0.51 | -0.05 | 4.62 | 5.16 | -9.40 | 2.55 | 4.48 | 3.28 | 3.47 | 6.93 | -8.27 | -2.19 | 2.23 | 8.32 | 3.74 | 6.56 | 5.20 |
| Diluted EPS | 9.15 | 10.14 | 7.88 | -5.81 | 12.97 | 2.81 | 9.70 | -1.34 | 6.73 | 4.53 | -0.69 | 1.15 | 5.95 | 0.51 | -0.05 | 4.62 | 5.16 | -9.40 | 2.55 | 4.48 | 3.28 | 3.47 | 6.93 | -8.27 | -2.19 | 2.23 | 8.32 | 3.74 | 6.56 | 5.20 |
| Weighted Average OS | 28.99M | 28.39M | 28.39M | 27.31M | 26.25M | 26.24M | 25.89M | 25.50M | 25.14M | 24.88M | 24.77M | 26.20M | 24.06M | 25.37M | 23.01M | 22.78M | 22.59M | 22.33M | 21.39M | 20.82M | 20.76M | 20.02M | 19.69M | 19.34M | 18.91M | 18.10M | 16.85M | 14.87M | 14.19M | 14.44M |
| EBITDA | $265.4M | $288.14M | $223.71M | -$158.66M | $353.58M | $73.72M | $251.02M | -$34.27M | $169.21M | $112.64M | -$17.03M | $0 | $0 | $0 | $0 | $0 | $124.31M | -$209.88M | $54.65M | $129.85M | $99.79M | $94.6M | $161.15M | -$137.06M | -$27.72M | $106.23M | $183.47M | $78.59M | $123.27M | $93.26M |
| EBITDA Margin | 305.2% | 97.3% | 390.0% | 103.9% | 98.1% | 92.3% | 97.7% | 120.3% | 96.8% | 95.4% | 135.1% | - | - | - | - | - | 1211.6% | -1741.7% | 469.5% | 1247.4% | 1151.0% | 1950.5% | 3979.0% | -2826.0% | -474.7% | 1353.2% | 2710.0% | 1122.7% | 2007.7% | 1546.6% |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Assets | ||||||||||||||||||||||||||||||
| Current Assets | ||||||||||||||||||||||||||||||
| Cash and Cash Equivalents | $50K | $268K | $896K | $641K | $613K | $971K | $661K | $231K | $2.66M | $2.5M | $629K | $14.46M | $13.48M | $34.06M | $7.21M | $493K | $300K | $9.1M | $0 | $100K | $300K | $100K | $100K | $100K | $100K | $0 | $100K | $0 | $0 | $100K |
| Short-Term Investments | $57.17M | $90.61M | $81.54M | $0 | $0 | $27.94M | $0 | $0 | $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 | $57.22M | $90.88M | $82.43M | $641K | $613K | $28.91M | $661K | $231K | $2.66M | $2.5M | $629K | $14.46M | $13.48M | $34.06M | $7.21M | $493K | $300K | $9.1M | $0 | $100K | $300K | $100K | $100K | $100K | $100K | $0 | $100K | $0 | $0 | $100K |
| Accounts Receivable | $836K | $2.7M | $955K | $909K | $692K | $641K | $418K | $410K | $468K | $605K | $513K | $393K | $1.04M | $384K | $730K | $1.53M | $200K | $100K | $0 | $500K | $100K | $300K | $200K | $200K | $200K | $200K | $400K | $200K | $200K | $200K |
| Inventory | $0 | $0 | $83.39M | $88.68M | $17.64M | $29.55M | $67.16M | $51.25M | $58.11M | $48.1M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $0 | -$2.7M | -$83.39M | -$1.55M | -$1.31M | -$29.55M | -$1.08M | -$51.25M | -$58.11M | -$48.1M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Current Assets | $58.05M | $90.88M | $1.85M | $1.55M | $1.31M | $1.61M | $1.08M | $641K | $3.13M | $3.11M | $1.14M | $14.85M | $14.52M | $34.45M | $7.94M | $2.02M | $500K | $9.2M | $0 | $600K | $400K | $400K | $300K | $300K | $300K | $200K | $500K | $200K | $200K | $300K |
| Long-Term Assets | ||||||||||||||||||||||||||||||
| Property, Plant & Equipment Net | $3.15M | $3.54M | $3.88M | $2.73M | $198K | $585K | $960K | $0 | $0 | $12K | $18K | $25K | $52K | $79K | $122K | $156K | $200K | $200K | $300K | $400K | $500K | $500K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $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 | $0 | $0 | $0 | $0 | $0 | $0 | $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 Investments | $1.73B | $1.57B | $1.32B | $1.13B | $1.33B | $1.03B | $993.55M | $764.73M | $824.26M | $671.65M | $581.76M | $635.23M | $633.9M | $539.82M | $566.7M | $596.83M | $503.8M | $391.2M | $644.7M | $616.5M | $573.5M | $528.6M | $478.7M | $361.8M | $539.8M | $597.1M | $590.5M | $477.2M | $435M | $356.8M |
| Deferred Tax 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 |
| Other Long-Term Assets | $200K | $235K | $123K | $1.13B | $1.33B | $0 | $0 | -$764.73M | -$824.26M | -$671.66M | -$581.78M | -$635.25M | -$633.95M | -$539.9M | -$566.82M | -$596.98M | -$504M | -$391.4M | -$645M | -$616.9M | -$574M | -$529.1M | -$478.7M | -$361.8M | -$539.8M | -$597.1M | -$590.5M | -$477.2M | -$435M | -$356.8M |
| Total Long-Term Assets | $1.73B | $1.57B | $1.32B | $1.13B | $1.33B | $1.04B | $994.51M | $764.73M | $824.26M | $671.66M | $581.78M | $635.25M | $633.95M | $539.9M | $566.82M | $596.98M | $504M | $391.4M | $0 | $616.9M | $574M | $529.1M | $478.7M | $361.8M | $539.8M | $597.1M | $590.5M | $477.2M | $435M | $356.8M |
| Other Assets | $0 | $0 | $123K | $224K | $123K | $117K | $125K | $95K | $82K | $67K | $83K | $87K | $80K | $109K | $111K | $103K | $0 | $200K | $645.2M | $0 | $0 | $300K | $200K | $0 | $0 | $100K | $0 | $100K | $0 | $100K |
| Total Assets | $1.79B | $1.57B | $1.32B | $1.14B | $1.33B | $1.04B | $995.71M | $765.46M | $827.47M | $674.83M | $583.01M | $650.19M | $648.55M | $574.46M | $574.87M | $599.11M | $504.5M | $400.8M | $645.2M | $617.5M | $574.4M | $529.8M | $479.2M | $362.1M | $540.1M | $597.4M | $591M | $477.5M | $435.2M | $357.2M |
| Liabilities | ||||||||||||||||||||||||||||||
| Current Liabilities | ||||||||||||||||||||||||||||||
| Accounts Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $990K | $0 | $0 | $190K | $0 | $4.81M | $0 | $0 | $0 | $0 | $0 | $0 | $100K | $0 | $0 | $0 | $0 | $700K | $0 | $700K | $500K | $200K |
| Short-Term Debt | $0 | $0 | $0 | $0 | $0 | $0 | $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 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 |
| 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 |
| Other Current Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$990K | $0 | $0 | -$190K | $0 | -$4.81M | $0 | $0 | $0 | $0 | $0 | $0 | -$100K | $0 | $0 | $0 | $0 | -$700K | $0 | -$700K | -$500K | -$200K |
| Total Current Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $990K | $0 | $0 | $190K | $0 | $4.81M | $0 | $0 | $100K | $3.1M | $0 | $0 | $100K | $0 | $0 | $0 | $0 | $700K | $0 | $700K | $500K | $200K |
| Long-Term Liabilities | ||||||||||||||||||||||||||||||
| Long-Term Debt | $2.73M | $2.93M | $3.16M | $2.9M | $198K | $0 | $960K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $5M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
| 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 |
| Other Long-Term Liabilities | $407K | $466K | -$3.16M | $134K | -$198K | $0 | -$960K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$5M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Long-Term Liabilities | $3.14M | $3.4M | $3.16M | $3.04M | $198K | $585K | $960K | $119K | $1.14M | $150K | $135K | $0 | $0 | $0 | $0 | $5.58M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$990K | $0 | $0 | $426K | $289K | $4.99M | $682K | $0 | $500K | $3.4M | $400K | $300K | $400K | $300K | $200K | $200K | $200K | $1.1M | $400K | $1M | $800K | $500K |
| Total Liabilities | $3.14M | $3.4M | $3.41M | $3.04M | $198K | $585K | $960K | $119K | $1.14M | $150K | $135K | $426K | $289K | $4.99M | $682K | $5.58M | $500K | $3.4M | $400K | $300K | $400K | $300K | $200K | $200K | $200K | $1.1M | $400K | $1M | $800K | $500K |
| Stockholders' Equity | ||||||||||||||||||||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $29.55M | $28.94M | $28.39M | $28.01M | $27.27M | $26.24M | $25.89M | $25.57M | $25.14M | $24.88M | $24.85M | $24.84M | $24.21M | $23.24M | $23.03M | $22.78M | $22.6M | $22.3M | $21.4M | $20.8M | $20.8M | $20M | $19.7M | $19.3M | $19.2M | $18.3M | $17.1M | $14.9M | $14.2M | $13.6M |
| Retained Earnings | $1.26B | $1.07B | $845.43M | $672.78M | $897.7M | $642.09M | $611.93M | $395.26M | $600K | $382K | $698K | $122K | $394K | $781K | $3.49M | $2.08M | $800K | $1.2M | $1.6M | $900K | $900K | $3.4M | $2M | $119.5M | $0 | $5.6M | $7.5M | $1.7M | $2.2M | $1.7M |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $465.34M | $321.15M | $349.96M | $0 | $0 | $0 | $0 | $0 | $197.3M | $94.8M | $356.6M | $351.9M | $302.4M | $271.7M | $229.4M | $2.2M | $304.9M | $726.6M | $788.6M | $603.6M | $547.6M | $429.4M |
| Other Stockholders' Equity | $500.06M | $470.76M | $446.05M | $432.05M | $407.63M | $368M | $356.77M | $344.52M | $800.59M | $649.42M | $557.32M | $624.8M | $623.66M | $545.44M | $547.67M | $568.66M | $480.6M | $373.9M | $621.8M | $595.5M | $552.3M | $506.1M | $457.3M | $223.1M | $520.6M | $572.4M | $566.1M | $459.9M | $418M | $341.4M |
| Total Equity | $1.79B | $1.57B | $1.32B | $1.13B | $1.33B | $1.04B | $994.6M | $765.34M | $826.33M | $674.68M | $582.87M | $649.76M | $648.26M | $569.47M | $574.19M | $593.52M | $504M | $397.4M | $644.8M | $617.2M | $574M | $529.5M | $479M | $361.9M | $539.8M | $596.3M | $590.7M | $476.5M | $434.4M | $356.7M |
| 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 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $1.79B | $1.57B | $1.32B | $1.14B | $1.33B | $1.04B | $995.56M | $765.46M | $827.47M | $674.83M | $583.01M | $650.19M | $648.55M | $574.46M | $574.87M | $599.11M | $504.5M | $400.8M | $645.2M | $617.5M | $574.4M | $529.8M | $479.2M | $362.1M | $540M | $597.4M | $591.1M | $477.5M | $435.2M | $357.2M |
| Supplementary Data | ||||||||||||||||||||||||||||||
| Total Debt | $2.73M | $2.93M | $3.16M | $2.9M | $198K | $585K | $960K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $5M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Debt | $2.68M | -$268K | $2.26M | $2.26M | -$415K | -$386K | $300K | -$231K | -$2.66M | -$2.5M | -$629K | -$14.46M | -$13.48M | -$34.06M | -$7.21M | $4.51M | -$300K | -$9.1M | $0 | -$100K | -$300K | -$100K | -$100K | -$100K | -$100K | $0 | -$100K | $0 | $0 | -$100K |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Operating Activities | ||||||||||||||||||||||||||||||
| Net Income | $265.21M | $287.97M | $223.64M | -$158.67M | $353.58M | $73.72M | $251.01M | -$34.28M | $169.21M | $112.64M | -$17.04M | $30.13M | $143.17M | $12.94M | -$1.24M | $105.31M | $116.55M | -$209.96M | $54.57M | $93.28M | $68.02M | $69.5M | $136.39M | -$159.93M | -$41.38M | $40.31M | $140.26M | $55.68M | $93.14M | $75.11M |
| Depreciation & Amortization | $187K | $163K | $71K | $7K | $7K | $7K | $4K | $4K | $6K | $9K | $11K | $29K | $48K | $47K | $47K | $48K | $100K | $100K | $100K | $100K | $100K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $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 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $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 | $1.86M | -$1.74M | -$46K | -$216K | -$52K | -$222K | -$8K | $58K | $137K | -$91K | -$120K | $0 | $0 | $0 | $0 | $0 | -$100K | -$100K | $100K | $0 | $200K | $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 |
| Accounts Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$990K | $990K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$200K | -$300K | $200K |
| Other Working Capital | -$24K | $108K | -$6K | -$140K | -$379K | -$385K | $2K | -$51K | -$7K | $29K | -$102K | $0 | $0 | $0 | $0 | $0 | -$37.6M | -$59.3M | -$117.3M | $0 | -$78.1M | $0 | $0 | $0 | $0 | $0 | $0 | $200K | $300K | -$200K |
| Total Working Capital Change | $1.84M | -$1.63M | -$52K | -$356K | -$430K | -$608K | -$6K | -$983K | $1.12M | -$62K | -$222K | $583K | -$540K | -$153K | $876K | -$1.15M | -$37.7M | -$59.4M | -$117.2M | -$96.7M | -$77.9M | $0 | $0 | $0 | $0 | $0 | $0 | -$200K | -$300K | $200K |
| Other Non-Cash Items | -$240.91M | -$249.2M | -$185.59M | $200.27M | -$295.7M | -$40.41M | -$228.51M | $59.86M | -$152.36M | -$89.65M | $53.64M | -$1.15M | -$93.9M | $27.07M | $30.13M | -$93.07M | -$74.95M | $312.76M | $89.43M | $53.22M | $33.38M | $0 | $10K | $30K | -$20K | -$10K | $40K | $220K | $260K | -$210K |
| Net Cash from Operating | $26.33M | $37.3M | $38.06M | $41.25M | $57.45M | $32.7M | $22.5M | $24.6M | $17.98M | $22.93M | $36.39M | $29.59M | $48.77M | $39.91M | $29.81M | $11.13M | $4M | $43.5M | $26.9M | $49.9M | $23.6M | $69.5M | $136.4M | -$159.9M | -$41.4M | $40.3M | $140.3M | $55.7M | $93.1M | $75.1M |
| Investing Activities | ||||||||||||||||||||||||||||||
| Capital Expenditures | -$6K | -$29K | -$1.2M | $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 |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | -$86.17M | -$119.66M | -$45.53M | -$4.18M | -$131.57M | -$105.14M | -$84.68M | -$62.97M | -$41.96M | -$52.43M | -$125.5M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $73.45M | $152.06M | $62.06M | $100.65M | $107.98M | $128.87M | $59.01M | $70.17M | $61.63M | $60.61M | $173.45M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | -$32.39M | -$16.53M | $0 | $47.17M | -$47.45M | $51.32M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$25.8M | -$26.7M | -$23.3M | -$32.5M | -$73.3M | -$41.9M | -$28.2M | -$33.5M | -$22.3M |
| Net Cash from Investing | -$12.72M | -$29K | -$1.2M | $96.47M | $23.58M | -$23.72M | $25.66M | $7.2M | $19.67M | $8.18M | $47.94M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$25.8M | -$26.7M | -$23.3M | -$32.5M | -$73.3M | -$41.9M | -$28.2M | -$33.5M | -$22.3M |
| Financing Activities | ||||||||||||||||||||||||||||||
| Debt Repaid | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $5M | -$5M | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Common Stock Issuance | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock Repurchases | -$935K | $0 | -$5.83M | -$2.73M | $0 | -$5.37M | -$428K | -$3.98M | -$1.72M | -$5.08M | -$21.07M | -$2.95M | -$12.92M | -$2.36M | -$463K | -$2.37M | -$800K | -$6.26M | $0 | -$27.8M | -$4.3M | -$3.9M | -$5.4M | -$6.8M | -$1M | -$500K | -$4.7M | -$800K | $0 | $0 |
| Dividends Paid | -$46.34M | -$37.9M | -$30.77M | -$38.5M | -$57.81M | -$27.03M | -$21.64M | -$23.05M | -$16.1M | -$15.97M | -$29.15M | -$25.67M | -$56.43M | -$10.69M | -$17.63M | -$13.56M | $0 | -$28.12M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$12.9M | -$19K | -$26.9M | -$50.1M | -$23.4M | $6.8M | $7.3M | $5.3M | $17.4M | $38.6M | $15.8M | $14.6M | $18.1M | $11.3M |
| Net Cash from Financing | -$47.28M | -$37.9M | -$36.61M | -$41.23M | -$57.81M | -$32.39M | -$22.07M | -$27.03M | -$17.82M | -$21.06M | -$50.22M | -$28.62M | -$69.36M | -$13.05M | -$23.09M | -$10.92M | -$12.9M | -$34.4M | -$26.9M | -$50.1M | -$23.4M | $6.8M | $7.3M | $5.3M | $17.4M | $38.6M | $15.8M | $14.6M | $18.1M | $11.3M |
| Forex Effect | $33.45M | -$9.08M | $5.6M | -$96.47M | -$23.58M | $23.72M | -$25.66M | -$7.2M | -$19.67M | -$8.18M | -$47.94M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$100K | $0 | $0 |
| Net Change in Cash | -$218K | -$628K | $254K | $28K | -$358K | $310K | $430K | -$2.43M | $158K | $1.88M | -$13.83M | $975K | -$20.58M | $26.86M | $6.71M | $212K | -$8.8M | $9.1M | $0 | -$200K | $200K | $50.5M | $117M | -$177.9M | -$56.5M | $5.6M | $114.2M | $42M | $77.7M | $64.1M |
| Supplementary Data | ||||||||||||||||||||||||||||||
| Operating Cash Flow | $47.07M | $37.3M | $38.06M | $41.25M | $57.45M | $32.7M | $22.5M | $24.6M | $17.98M | $22.93M | $36.39M | $29.59M | $48.77M | $39.91M | $29.81M | $11.13M | $4M | $43.5M | $26.9M | $49.9M | $23.6M | $69.5M | $136.4M | -$159.9M | -$41.4M | $40.3M | $140.3M | $55.7M | $93.1M | $75.1M |
| Capital Expenditure | -$6K | -$29K | -$1.2M | $4 | $4 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Free Cash Flow | $47.06M | $37.27M | $36.86M | $41.25M | $57.45M | $32.7M | $22.5M | $24.6M | $17.98M | $22.93M | $36.39M | $29.59M | $48.77M | $39.91M | $29.81M | $11.13M | $4M | $43.5M | $26.9M | $49.9M | $23.6M | $69.5M | $136.4M | -$159.9M | -$41.4M | $40.3M | $140.3M | $55.7M | $93.1M | $75.1M |
| Cash at Beginning | $268K | $896K | $641K | $613K | $971K | $661K | $231K | $2.66M | $2.5M | $629K | $14.46M | $13.48M | $34.06M | $7.21M | $493K | $281K | $9.1M | $0 | $100K | $300K | $100K | $100K | $100K | $100K | $0 | $100K | $0 | $0 | $100K | $0 |
| Cash at End | $50K | $268K | $896K | $641K | $613K | $971K | $661K | $231K | $2.66M | $2.5M | $629K | $14.46M | $13.48M | $34.06M | $7.21M | $493K | $300K | $9.1M | $100K | $100K | $300K | $50.6M | $117.1M | -$177.8M | -$56.5M | $5.7M | $114.2M | $42M | $77.8M | $64.1M |