CURTISS WRIGHT CORP (CW)
Curtiss-Wright Corporation (CW), along with its affiliated entities, delivers highly engineered products, comprehensive solutions, and a variety of services to a global client base across the aerospace, defense, general industrial, and power generation sectors. The company strategically organizes its operations into three primary divisions: Aerospace & Industrial, Defense Electronics, and Naval & Power. The Aerospace & Industrial segment specializes in manufacturing components for industrial vehicles, such as electronic throttle control systems, joysticks, and transmission shifters. It also supplies advanced sensors, control mechanisms, and electromechanical actuation parts for both commercial and military aircraft. Furthermore, this division offers sophisticated surface treatment services, including shot peening, laser peening, and specialized coatings. In the Defense Electronics segment, Curtiss-Wright provides a wide array of offerings. These include commercial off-the-shelf (COTS) embedded computing board-level modules, dedicated equipment for data acquisition and flight test instrumentation, and integrated subsystem solutions. The segment also develops instrumentation and control systems, turret aiming and stabilization technologies, and advanced weapons handling systems. Its capabilities extend to avionics, general electronics, flight test apparatus, and complete aircraft data management solutions. The Naval & Power division furnishes a critical range of products and services for nuclear power facilities and associated equipment manufacturers. This includes various hardware, pumps, pump seals, control rod drive mechanisms, valves, fastening systems, specialized containment doors, airlock hatches, spent fuel management solutions, and fluid sealing products. For naval applications, particularly serving the U.S. Navy, this segment supplies propulsion and auxiliary equipment such as coolant pumps, power-dense compact motors, generators, steam turbines, valves, and secondary propulsion systems. Additionally, it provides essential ship repair and maintenance services. Curtiss-Wright Corporation, which traces its origins back to 1929, maintains its corporate headquarters in Davidson, North Carolina.
Sector: Misc Industrial & Commercial Machinery & Equipment
Industry: Aerospace & Defense
Curtiss-Wright Corporation
NYSE:CWIndustrials · Aerospace & Defense
-1.97%$464.94
AH Close$465.30+0.08%vs close
AH Close$465.30+0.08%vs close
Mkt Cap$17.17B
Float36.74M
O/S36.93M
Inst Own84.9%
SI2.1%
Div Yield0.22%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$3.5B
Net Income$484.23M
Total Assets$5.22B
Free Cash Flow$553.71M
Debt & Equity
Debt 34%
Equity 66%
Total Debt$1.31B
Total Equity$2.53B
Shares Outstanding
Short Interest
Split History2 splits
- 2:1Forward splitApr 24, 20061 share → 2
- 2:1Forward splitDec 18, 20031 share → 2
Balance Sheet Details
Assets$5.22B
Liabilities$2.69B
Accounts Receivable$932.34M
Accounts Payable$310.3M
Inventory$615.1M
PP&E (Net)$580.8M
Goodwill$1.69B
Intangible Assets$532.38M
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Revenue | $3.5B | $3.12B | $2.85B | $2.56B | $2.5B | $2.39B | $2.49B | $2.41B | $2.27B | $2.11B | $2.21B | $2.24B | $2.12B | $1.82B | $2.02B | $1.85B | $1.81B | $1.83B | $1.59B | $1.28B | $1.13B | $955.04M | $746.07M | $513.28M | $343.17M | $329.57M | $293.3M | $249.4M | $219.4M | $170.5M | $154.4M | $162.9M | $158.9M | $179.7M | $191.3M | $198.9M | $187.1M |
| YoY Growth | 12.1% | 9.7% | 11.3% | 2.2% | 4.6% | -3.9% | 3.2% | 6.2% | 7.7% | -4.4% | -1.7% | 5.9% | 16.2% | -9.6% | 8.7% | 2.5% | -1.1% | 14.9% | 24.2% | 13.4% | 18.4% | 28.0% | 45.4% | 49.6% | 4.1% | 12.4% | 17.6% | 13.7% | 28.7% | 10.4% | -5.2% | 2.5% | -11.6% | -6.1% | -3.8% | 6.3% | - |
| Cost of Revenue | $2.2B | $1.97B | $1.78B | $1.6B | $1.57B | $1.55B | $1.59B | $1.54B | $1.47B | $1.37B | $1.42B | $1.47B | $1.38B | $1.21B | $1.36B | $1.25B | $1.21B | $1.21B | $1.07B | $851.08M | $740.42M | $624.54M | $505.15M | $337.19M | $215.35M | $194.26M | $178M | $157.7M | $134.6M | $108.2M | $96.2M | $95.9M | $101.1M | $111.2M | $117.9M | $120.9M | $113.7M |
| Gross Profit | $1.3B | $1.15B | $1.07B | $954.61M | $927.8M | $841.23M | $898.75M | $871.26M | $818.6M | $750.48M | $783.25M | $776.52M | $811.09M | $658.74M | $676.12M | $621.75M | $595.53M | $616.08M | $523.62M | $431.08M | $390.51M | $330.5M | $240.92M | $176.09M | $127.82M | $135.32M | $115.3M | $91.7M | $84.8M | $62.3M | $58.2M | $67M | $57.8M | $68.5M | $73.4M | $78M | $73.4M |
| Gross Margin | 37.2% | 37.0% | 37.5% | 37.3% | 37.1% | 35.2% | 36.1% | 36.1% | 36.0% | 35.6% | 35.5% | 34.6% | 38.3% | 36.1% | 33.5% | 33.5% | 32.9% | 33.7% | 32.9% | 33.6% | 34.5% | 34.6% | 32.3% | 34.3% | 37.2% | 41.1% | 39.3% | 36.8% | 38.7% | 36.5% | 37.7% | 41.1% | 36.4% | 38.1% | 38.4% | 39.2% | 39.2% |
| Research and Development | $95.16M | $91.65M | $85.76M | $80.84M | $88.49M | $74.82M | $72.52M | $64.53M | $60.31M | $58.59M | $60.84M | $67.84M | $68.87M | $59.71M | $62.12M | $54.13M | $54.65M | $49.62M | $47.93M | $38.84M | $39.68M | $33.83M | $22.11M | $11.62M | $4.38M | $3.44M | $2.8M | $1.3M | $1.9M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $568.35M | $518.86M | $496.81M | $445.68M | $443.1M | $412.82M | $422.27M | $433.11M | $418.54M | $383.79M | $411.8M | $426.3M | $508.6M | $437.58M | $409.05M | $387.8M | $371.57M | $369.9M | $296.51M | $251.12M | $214.67M | $185.46M | $131.09M | $102.63M | $79.26M | $65.34M | $48.4M | $44.3M | $40.5M | $34.3M | $33.8M | $30.2M | $55.9M | $35.9M | $39.5M | $47.7M | $47.3M |
| Other | $0 | $14.45M | $0 | $4.65M | $19.09M | $64.74M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $486K | -$1.82M | $6.04M | -$1.61M | $0 | -$2.98M | $14.35M | $12.9M | $9.7M | $9.1M | $8.9M | $9.5M | $10.9M | $11.5M | $11.9M | $12.2M | $11.8M | $11.3M |
| Total Operating Expenses | $663.51M | $624.95M | $582.58M | $531.17M | $550.67M | $552.38M | $494.79M | $497.63M | $475.67M | $438.17M | $472.64M | $494.14M | $498.72M | $431.02M | $470.09M | $439.58M | $426.21M | $419.52M | $344.44M | $290.45M | $252.53M | $219.78M | $151.59M | $114.26M | $80.66M | $83.13M | $64.1M | $55.3M | $54.8M | $46.8M | $43.3M | $41.1M | $67.4M | $47.8M | $51.7M | $59.5M | $58.6M |
| Operating Income (EBIT) | $638.02M | $528.6M | $484.6M | $423.44M | $377.13M | $288.85M | $403.95M | $373.63M | $325.12M | $296.52M | $310.62M | $282.37M | $237.12M | $181.39M | $186.85M | $166.69M | $169.32M | $196.56M | $179.18M | $140.63M | $137.98M | $110.72M | $89.33M | $61.83M | $47.16M | $52.19M | $51.2M | $36.4M | $30M | $15.5M | $14.9M | $25.9M | -$9.6M | $20.7M | $21.7M | $18.5M | $14.8M |
| Operating Margin | 18.2% | 16.9% | 17.0% | 16.6% | 15.1% | 12.1% | 16.2% | 15.5% | 14.3% | 14.1% | 14.1% | 12.6% | 11.2% | 9.9% | 9.3% | 9.0% | 9.4% | 10.7% | 11.3% | 11.0% | 12.2% | 11.6% | 12.0% | 12.0% | 13.7% | 15.8% | 17.5% | 14.6% | 13.7% | 9.1% | 9.7% | 15.9% | -6.0% | 11.5% | 11.3% | 9.3% | 7.9% |
| Interest Expense | $43.15M | $44.87M | $51.39M | $46.98M | $40.24M | $35.55M | $31.35M | $33.98M | $41.47M | $41.25M | $36.04M | $35.79M | $37.05M | $26.3M | $20.83M | $22.11M | $25.07M | $29.05M | $27.38M | $22.89M | $19.98M | $12.03M | $5.66M | $1.81M | $1.18M | $1.74M | $0 | $500K | $0 | $400K | $500K | $400K | $500K | $1.3M | $1.6M | $3.4M | $2.8M |
| Interest Income | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | -$18.02M | -$6.54M | -$21.53M | -$34.25M | -$28.17M | -$25.8M | -$7.49M | -$17.39M | -$25.5M | -$28.56M | -$35.42M | -$35.43M | -$36.07M | -$26.17M | -$19.97M | -$21.53M | -$24.06M | -$27.46M | -$25.01M | -$23.01M | -$19.68M | -$11.97M | -$5.27M | $9.91M | $55.04M | $13.79M | $12.1M | $11.2M | $11.9M | $8.6M | $12.6M | $2.8M | $10.9M | $12M | $10.3M | -$11.2M | $22.5M |
| Income Before Tax (EBT) | $620.01M | $522.06M | $463.07M | $389.19M | $348.96M | $263.05M | $396.46M | $356.24M | $299.62M | $267.96M | $275.19M | $246.94M | $197.95M | $135.36M | $184.99M | $158.29M | $145.26M | $169.1M | $154.17M | $117.62M | $118.3M | $98.75M | $84.06M | $71.73M | $102.2M | $65.97M | $63.3M | $47.6M | $41.9M | $24.1M | $27.5M | $28.7M | $1.3M | $32.7M | $32M | $7.3M | $37.3M |
| Income Tax Expense | $135.78M | $117.08M | $108.56M | $94.85M | $86.13M | $61.66M | $88.88M | $80.49M | $84.73M | $78.58M | $82.95M | $77M | $59.97M | $43.07M | $54.57M | $51.7M | $50.04M | $59.71M | $49.84M | $37.05M | $43.02M | $33.69M | $31.79M | $26.6M | $39.32M | $24.9M | $24.3M | $18.5M | $14M | $8M | $9.3M | $9.2M | $4.3M | $11M | $10.7M | $400K | $15.1M |
| Net Income | $484.23M | $404.98M | $354.51M | $294.35M | $262.83M | $201.39M | $307.58M | $275.75M | $214.89M | $187.33M | $145.46M | $113.34M | $137.98M | $113.84M | $130.42M | $106.6M | $95.22M | $109.39M | $104.33M | $80.57M | $75.28M | $65.07M | $52.27M | $45.14M | $62.88M | $41.07M | $39M | $29.1M | $27.9M | $16.1M | $18.2M | $19.3M | -$5.7M | $21.7M | $21.3M | $6.9M | $22.2M |
| Net Income Margin | 13.8% | 13.0% | 12.5% | 11.5% | 10.5% | 8.4% | 12.4% | 11.4% | 9.5% | 8.9% | 6.6% | 5.1% | 6.5% | 6.2% | 6.5% | 5.7% | 5.3% | 6.0% | 6.6% | 6.3% | 6.7% | 6.8% | 7.0% | 8.8% | 18.3% | 12.5% | 13.3% | 11.7% | 12.7% | 9.4% | 11.8% | 11.8% | -3.6% | 12.1% | 11.1% | 3.5% | 11.9% |
| Supplementary Data | |||||||||||||||||||||||||||||||||||||
| EPS | 12.94 | 10.61 | 9.26 | 7.67 | 6.61 | 4.83 | 7.20 | 6.28 | 4.86 | 4.22 | 3.12 | 2.36 | 2.94 | 2.44 | 2.81 | 2.33 | 2.10 | 2.45 | 2.35 | 1.84 | 1.74 | 1.54 | 1.26 | 1.11 | 1.56 | 1.02 | 0.97 | 0.71 | 0.69 | 0.40 | 0.45 | 0.48 | -0.14 | 0.54 | 0.53 | 0.17 | 0.55 |
| Diluted EPS | 12.87 | 10.55 | 9.20 | 7.62 | 6.58 | 4.80 | 7.15 | 6.22 | 4.80 | 4.15 | 3.05 | 2.31 | 2.88 | 2.41 | 2.77 | 2.30 | 2.08 | 2.41 | 2.32 | 1.82 | 1.72 | 1.51 | 1.25 | 1.08 | 1.54 | 1.01 | 0.96 | 0.71 | 0.68 | 0.40 | 0.45 | 0.48 | -0.14 | 0.54 | 0.53 | 0.17 | 0.55 |
| Weighted Average OS | 37.42M | 38.15M | 38.28M | 38.39M | 40.42M | 41.74M | 42.74M | 43.89M | 44.18M | 44.39M | 46.62M | 48.02M | 46.99M | 46.74M | 46.37M | 45.82M | 45.24M | 44.72M | 44.39M | 43.79M | 43.26M | 42.39M | 41.32M | 40.85M | 40.24M | 40.07M | 40.41M | 40.84M | 40.73M | 40.50M | 40.67M | 40.52M | 40.71M | 40.37M | 40.38M | 40.00M | 40.18M |
| EBITDA | $787.98M | $674.59M | $630.63M | $548.2M | $503.58M | $414.5M | $530.22M | $493.17M | $441.08M | $405.22M | $412.04M | $401.67M | $359.6M | $275.42M | $276.02M | $247.21M | $246.81M | $272.4M | $241.88M | $191.42M | $185.83M | $151.46M | $120.66M | $80.52M | $61.89M | $66.53M | $64.1M | $46.1M | $39.1M | $24.4M | $24.4M | $36.8M | $1.9M | $32.6M | $33.9M | $30.3M | $26.1M |
| EBITDA Margin | 22.5% | 21.6% | 22.2% | 21.4% | 20.1% | 17.3% | 21.3% | 20.4% | 19.4% | 19.2% | 18.7% | 17.9% | 17.0% | 15.1% | 13.7% | 13.3% | 13.6% | 14.9% | 15.2% | 14.9% | 16.4% | 15.9% | 16.2% | 15.7% | 18.0% | 20.2% | 21.9% | 18.5% | 17.8% | 14.3% | 15.8% | 22.6% | 1.2% | 18.1% | 17.7% | 15.2% | 13.9% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 | FY 2005 | FY 2004 | FY 2003 | FY 2002 | FY 2001 | FY 2000 | FY 1999 | FY 1998 | FY 1997 | FY 1996 | FY 1995 | FY 1994 | FY 1993 | 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 | $371.35M | $385.04M | $406.87M | $256.97M | $171M | $198.25M | $391.03M | $276.07M | $475.12M | $553.85M | $288.7M | $450.12M | $175.29M | $112.02M | $194.39M | $68.12M | $65.01M | $60.7M | $66.52M | $124.52M | $59.02M | $41.04M | $98.67M | $47.72M | $25.5M | $8.69M | $9.5M | $5.8M | $6.9M | $6.3M | $8.9M | $4.2M | $20.3M | $28.1M | $3.4M | $14.3M | $2M |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $330K | $41.66M | $62.77M | $25.6M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $371.35M | $385.04M | $406.87M | $256.97M | $171M | $198.25M | $391.03M | $276.07M | $475.12M | $553.85M | $288.7M | $450.12M | $175.29M | $112.02M | $194.39M | $68.12M | $65.01M | $60.7M | $66.52M | $124.52M | $59.02M | $41.04M | $98.67M | $48.05M | $67.15M | $71.46M | $35.1M | $5.8M | $6.9M | $6.3M | $8.9M | $4.2M | $20.3M | $28.1M | $3.4M | $14.3M | $2M |
| Accounts Receivable | $932.34M | $835.04M | $732.68M | $723.3M | $647.15M | $588.72M | $632.19M | $593.75M | $494.92M | $463.06M | $566.29M | $495.48M | $603.59M | $578.31M | $543.01M | $461.63M | $404.54M | $395.66M | $392.92M | $284.77M | $244.69M | $214.08M | $143.36M | $135.73M | $86.35M | $67.81M | $70.7M | $60.9M | $41.6M | $37.7M | $36.3M | $32.5M | $27.3M | $27.3M | $32.7M | $36.6M | $29.9M |
| Inventory | $615.1M | $541.44M | $510.03M | $483.11M | $411.57M | $428.88M | $424.83M | $423.43M | $378.87M | $366.97M | $379.59M | $388.67M | $452.09M | $397.47M | $320.63M | $281.1M | $285.61M | $281.51M | $241.73M | $161.53M | $146.3M | $115.98M | $97.88M | $80.17M | $57.12M | $50M | $60.6M | $54M | $49.7M | $47M | $29.1M | $24.9M | $22.5M | $23.7M | $29M | $35.6M | $36.1M |
| Other Current Assets | $99.69M | $88.07M | $67.5M | $52.62M | $78.09M | $84.98M | $81.73M | $50.72M | $52.95M | $30.93M | $40.31M | $236.81M | $106.31M | $87.95M | $96.09M | $89.17M | $82.34M | $64.15M | $57.02M | $51.83M | $40.46M | $38.15M | $34.61M | $30.84M | $15.34M | $12.8M | $14M | $77.9M | $73.2M | $66.8M | $79.3M | $82.7M | $66.1M | $45M | $49.2M | $6.6M | $169.8M |
| Total Current Assets | $2.02B | $1.85B | $1.72B | $1.52B | $1.31B | $1.3B | $1.53B | $1.34B | $1.4B | $1.41B | $1.32B | $1.57B | $1.34B | $1.18B | $1.17B | $900.03M | $837.5M | $802.02M | $758.18M | $622.64M | $490.47M | $409.25M | $374.52M | $301.69M | $225.96M | $202.07M | $180.4M | $198.6M | $171.4M | $157.8M | $153.6M | $144.3M | $136.2M | $124.1M | $114.3M | $93.1M | $237.8M |
| Long-Term Assets | |||||||||||||||||||||||||||||||||||||
| Property, Plant & Equipment Net | $580.8M | $508.47M | $474.23M | $496.56M | $503.64M | $529.1M | $551.08M | $374.66M | $390.24M | $388.9M | $413.64M | $458.92M | $515.72M | $489.59M | $443.56M | $397.28M | $401.15M | $364.03M | $329.66M | $296.65M | $274.82M | $265.24M | $238.14M | $219.05M | $104.52M | $90.45M | $94.6M | $74.5M | $65.9M | $64M | $56.3M | $60.4M | $71.4M | $79.6M | $88.6M | $94.3M | $94.7M |
| Goodwill | $1.69B | $1.68B | $1.56B | $1.54B | $1.46B | $1.46B | $1.17B | $1.09B | $1.1B | $951.06M | $972.61M | $998.51M | $1.11B | $1.01B | $759.44M | $693.57M | $648.45M | $608.9M | $570.42M | $411.1M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $532.38M | $596.83M | $557.61M | $620.9M | $538.08M | $609.63M | $479.91M | $429.57M | $329.67M | $271.46M | $310.76M | $349.23M | $471.38M | $419.02M | $261.45M | $240.2M | $242.51M | $234.6M | $240.84M | $158.08M | $546.42M | $504.68M | $268.33M | $203.08M | $90.91M | $47.54M | $50.4M | $30.7M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $400K | -$41.74M | $0 | -$47.65M | $677K | $0 | $0 | -$1.99M | -$37.31M | -$30.21M | -$32.48M | -$28.84M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$400K | $41.74M | $0 | $47.65M | $1.71M | $12.14M | $1.03M | $1.99M | $37.31M | $30.21M | $32.48M | $28.84M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $397.14M | $355.09M | $313.22M | $270.19M | $290.99M | $126.64M | $36.8M | $19.16M | $18.23M | $11.55M | $15.74M | $21.78M | $23.46M | $14.53M | $9.12M | $9.91M | $12.43M | $32.48M | $86.46M | $103.68M | $88.57M | $99.26M | $92.68M | $89.11M | $79.04M | $69.35M | $61.7M | $48.9M | $47.4M | $45.4M | $36.3M | $34M | $29.3M | $35.2M | $30.3M | $42.3M | $20.1M |
| Total Long-Term Assets | $3.2B | $3.14B | $2.9B | $2.93B | $2.8B | $2.72B | $2.23B | $1.91B | $1.83B | $1.62B | $1.71B | $1.83B | $2.12B | $1.94B | $1.49B | $1.34B | $1.3B | $1.24B | $1.23B | $969.51M | $909.82M | $869.19M | $599.14M | $511.24M | $274.47M | $207.34M | $206.7M | $154.1M | $113.3M | $109.4M | $92.6M | $94.4M | $100.7M | $114.8M | $118.9M | $136.6M | $114.8M |
| 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 | $5.22B | $4.99B | $4.62B | $4.45B | $4.1B | $4.02B | $3.76B | $3.26B | $3.24B | $3.04B | $3.03B | $3.4B | $3.46B | $3.11B | $2.65B | $2.24B | $2.14B | $2.04B | $1.99B | $1.59B | $1.4B | $1.28B | $973.66M | $812.92M | $500.43M | $409.42M | $387.1M | $352.7M | $284.7M | $267.2M | $246.2M | $238.7M | $236.9M | $238.9M | $233.2M | $229.7M | $352.6M |
| Liabilities | |||||||||||||||||||||||||||||||||||||
| Current Liabilities | |||||||||||||||||||||||||||||||||||||
| Accounts Payable | $310.3M | $247.19M | $243.83M | $266.52M | $211.64M | $201.24M | $222M | $232.98M | $185.18M | $177.91M | $163.29M | $152.27M | $186.94M | $157.82M | $150.28M | $133.18M | $129.88M | $140.95M | $137.4M | $96.02M | $80.46M | $65.36M | $43.78M | $41.34M | $19.36M | $13.77M | $32.8M | $13.4M | $9.9M | $13.1M | $6.3M | $5.5M | $3.8M | $4.3M | $5.9M | $6.6M | $6.7M |
| Short-Term Debt | $200M | $90M | $0 | $202.5M | $0 | $100M | $0 | $243K | $150K | $150.67M | $1.26M | $1.07M | $1.33M | $128.22M | $2.5M | $2.6M | $80.98M | $3.25M | $923K | $5.87M | $885K | $1.63M | $997K | $32.84M | $0 | $5.35M | $4M | $20.5M | $0 | $0 | $0 | $5.4M | $100K | $2.5M | $5M | $3M | $0 |
| Current Income Tax Payable | $0 | $5.01M | $10.35M | $38.19M | $3.23M | $6.63M | $7.67M | $5.81M | $4.56M | $18.27M | $7.96M | $22.47M | $789K | $10.9M | $4.16M | $3.11M | $4.21M | $8.21M | $13.26M | $23M | $22.86M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $561.45M | $459.42M | $303.87M | $254.8M | $260.16M | $253.41M | $276.12M | $236.51M | $214.89M | $170.14M | $181.67M | $176.69M | $164.34M | $171.62M | $206.06M | $146.77M | $167.68M | $138.75M | $105.42M | $57.3M | $0 | $26.57M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $333.81M | $212.76M | $170.64M | $140.7M | $189.81M | $177.86M | $166.72M | $163.31M | $142.14M | $112.01M | $120.8M | $167.66M | $121.11M | $108.58M | $104.96M | $42.31M | $50.71M | $56.54M | $51.66M | $51.39M | $65.91M | $40.11M | $46.17M | $55M | $33.57M | $33.18M | $19.1M | $33.9M | $28.7M | $29.3M | $26.8M | $25.1M | $39.6M | $31M | $32.3M | $33M | $29.3M |
| Total Current Liabilities | $1.41B | $1.1B | $806.54M | $981.04M | $734.87M | $810.38M | $744.73M | $687.33M | $591M | $675.26M | $523.23M | $571.99M | $534.59M | $639.75M | $512.16M | $427.94M | $524.32M | $451.68M | $398.62M | $292.13M | $221.5M | $197.09M | $135.88M | $161.63M | $76.1M | $52.29M | $55.9M | $67.8M | $38.6M | $42.4M | $33.1M | $36M | $43.5M | $37.8M | $43.2M | $42.6M | $36M |
| Long-Term Liabilities | |||||||||||||||||||||||||||||||||||||
| Long-Term Debt | $936.35M | $958.95M | $1.05B | $1.05B | $1.04B | $948.85M | $760.64M | $762.31M | $813.99M | $815.63M | $951.95M | $953.28M | $958.6M | $751.99M | $583.93M | $394.04M | $384.11M | $513.46M | $510.98M | $359M | $364.02M | $340.86M | $224.15M | $119.04M | $21.36M | $24.73M | $34.2M | $20.2M | $10.3M | $10.3M | $10.3M | $9M | $14.4M | $16.3M | $22.3M | $27.3M | $28.4M |
| 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 | $154M | $140.66M | $132.32M | $123M | $147.35M | $115.01M | $80.16M | $47.12M | $49.36M | $49.72M | $54.45M | $51.55M | $123.64M | $50.45M | $24.98M | $26.82M | $25.55M | $26.85M | $62.42M | $57.05M | $53.57M | $40.04M | $21.8M | $6.61M | $26.04M | $21.69M | $14.1M | $9.7M | $8.8M | $8.7M | $7.4M | $6.4M | $6.4M | $9.5M | $6.5M | $7.5M | $0 |
| Other Long-Term Liabilities | $13.33M | $192.17M | $189.12M | $184.9M | $224.74M | $226.45M | $259.24M | $227.84M | $254.18M | $205.98M | $204.57M | $344.25M | $288.73M | $359.81M | $309.51M | $214.03M | $162.5M | $183.27M | $98.76M | $121.9M | $122.97M | $124.83M | $112.95M | $111.6M | $26.97M | $20.48M | $24.5M | $25.4M | $22.1M | $22.4M | $23.2M | $28.5M | $28.4M | $20.1M | $21.1M | $29.1M | $18.8M |
| Total Long-Term Liabilities | $1.28B | $1.44B | $1.49B | $1.49B | $1.54B | $1.42B | $1.25B | $1.04B | $1.12B | $1.07B | $1.25B | $1.35B | $1.37B | $1.16B | $918.41M | $653.98M | $590.97M | $723.58M | $672.16M | $537.96M | $540.56M | $505.73M | $358.9M | $237.25M | $74.38M | $66.9M | $72.8M | $55.3M | $41.2M | $41.4M | $40.9M | $43.9M | $49.2M | $45.9M | $49.9M | $63.9M | $47.2M |
| 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 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $2.69B | $2.54B | $2.29B | $2.47B | $2.28B | $2.23B | $1.99B | $1.72B | $1.71B | $1.75B | $1.77B | $1.92B | $1.91B | $1.8B | $1.42B | $1.08B | $1.12B | $1.18B | $1.07B | $830.08M | $762.07M | $702.83M | $494.78M | $401.7M | $150.47M | $119.19M | $128.7M | $123.1M | $79.8M | $83.8M | $74M | $79.9M | $92.7M | $83.7M | $93.1M | $106.5M | $83.2M |
| Stockholders' Equity | |||||||||||||||||||||||||||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $49.19M | $49.19M | $49.19M | $49.19M | $49.19M | $49.19M | $49.19M | $49.19M | $49.19M | $49.19M | $49.19M | $49.19M | $49.19M | $49.19M | $48.88M | $48.56M | $48.21M | $47.9M | $47.72M | $47.53M | $25.49M | $25.41M | $25.38M | $15M | $15M | $15M | $15M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Retained Earnings | $4.31B | $3.86B | $3.49B | $3.16B | $2.91B | $2.67B | $2.5B | $2.19B | $1.94B | $1.75B | $1.59B | $1.47B | $1.38B | $1.26B | $1.19B | $1.07B | $980.59M | $899.93M | $807.41M | $716.03M | $667.89M | $601.07M | $543.67M | $508.3M | $469.3M | $411.87M | $376M | $406M | $318.5M | $299.7M | $288.7M | $275.6M | $261.4M | $272M | $255.4M | $239.2M | $389.4M |
| Comprehensive Income & Other | -$173.81M | -$243.22M | -$213.22M | -$258.92M | -$190.47M | -$310.86M | -$325.27M | -$288.45M | -$216.84M | -$291.76M | -$225.93M | -$128.41M | $25.26M | -$55.51M | -$65.13M | -$2.81M | -$19.61M | -$72.55M | $93.33M | $55.81M | $20.64M | $36.76M | $22.58M | $6.42M | -$6.91M | -$5.65M | -$2.7M | -$162.7M | -$153.7M | -$146.3M | -$141.8M | -$14.3M | -$137.4M | -$129.5M | -$123.3M | -$114.4M | -$103.4M |
| Other Stockholders' Equity | -$1.83B | -$1.46B | -$1.21B | -$1.23B | -$1.13B | -$931.94M | -$771.93M | -$709.88M | -$465.71M | -$512.9M | -$384.41M | -$40.06M | $122.53M | $2.02M | -$7.83M | $39.09M | -$2.05M | -$81.07M | $59.66M | -$1.49M | -$55.16M | -$50.87M | -$90.17M | -$112.07M | -$134.35M | -$136.64M | -$132.6M | -$176.4M | -$113.6M | -$116.3M | -$116.5M | -$116.8M | -$117.2M | -$116.8M | -$115.3M | -$116M | -$120M |
| Total Equity | $2.53B | $2.45B | $2.33B | $1.98B | $1.83B | $1.79B | $1.77B | $1.53B | $1.53B | $1.29B | $1.26B | $1.48B | $1.55B | $1.31B | $1.23B | $1.16B | $1.03B | $866.76M | $914.78M | $762.07M | $638.22M | $575.61M | $478.88M | $411.23M | $349.95M | $290.22M | $258.4M | $229.6M | $204.9M | $183.4M | $172.2M | $158.8M | $144.2M | $155.2M | $140.1M | $123.2M | $269.4M |
| 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 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $5.22B | $4.99B | $4.62B | $4.45B | $4.1B | $4.02B | $3.76B | $3.26B | $3.24B | $3.04B | $3.03B | $3.4B | $3.46B | $3.11B | $2.65B | $2.24B | $2.14B | $2.04B | $1.99B | $1.59B | $1.4B | $1.28B | $973.66M | $812.92M | $500.43M | $409.42M | $387.1M | $352.7M | $284.7M | $267.2M | $246.2M | $238.7M | $236.9M | $238.9M | $233.2M | $229.7M | $352.6M |
| Supplementary Data | |||||||||||||||||||||||||||||||||||||
| Total Debt | $1.31B | $1.23B | $1.2B | $1.41B | $1.2B | $1.21B | $932.54M | $762.56M | $814.14M | $966.3M | $953.21M | $954.35M | $959.94M | $880.22M | $586.43M | $415.74M | $483.9M | $516.71M | $511.9M | $364.87M | $364.9M | $342.49M | $225.15M | $151.88M | $21.36M | $30.08M | $38.2M | $40.7M | $10.3M | $10.3M | $10.3M | $14.4M | $14.5M | $18.8M | $27.3M | $30.3M | $28.4M |
| Net Debt | $943.47M | $841.85M | $788.33M | $1.15B | $1.02B | $1.01B | $541.5M | $486.49M | $339.02M | $412.45M | $664.51M | $504.23M | $784.64M | $768.19M | $392.04M | $347.62M | $418.89M | $456M | $445.38M | $240.36M | $305.88M | $301.45M | $126.48M | $104.16M | -$4.13M | $21.39M | $28.7M | $34.9M | $3.4M | $4M | $1.4M | $10.2M | -$5.8M | -$9.3M | $23.9M | $16M | $26.4M |
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 | $484.23M | $404.98M | $354.51M | $294.35M | $267.16M | $201.39M | $307.58M | $275.75M | $214.89M | $187.33M | $145.46M | $113.34M | $137.98M | $113.84M | $130.42M | $106.6M | $95.22M | $109.39M | $104.33M | $80.57M | $75.28M | $65.07M | $52.27M | $45.14M | $62.88M | $41.07M | $39M | $29.1M | $27.9M | $16.1M | $18.2M | $19.5M | -$3M | $21.7M | $21.3M | $6.9M | $22.2M |
| Depreciation & Amortization | $124.82M | $107.67M | $116.17M | $112.03M | $114.38M | $115.9M | $102.41M | $102.95M | $100M | $96.01M | $100.81M | $118.93M | $121.5M | $93.9M | $88.3M | $79.95M | $76.48M | $74.25M | $62.7M | $50.79M | $47.85M | $40.74M | $31.33M | $18.69M | $14.73M | $14.35M | $12.9M | $9.7M | $9.1M | $8.9M | $9.5M | $10.9M | $11.5M | $11.9M | $12.2M | $11.8M | $11.3M |
| Deferred Income Tax | $14.99M | -$11.82M | $2.91M | -$23.64M | -$10.2M | -$7.05M | $40.79M | $8.56M | -$5.78M | $1.22M | $63.53M | -$27.24M | $5.93M | -$3.87M | $3.35M | $2.83M | -$6.47M | -$6.37M | -$8.14M | -$11.42M | $141K | -$3.5M | $6.04M | $4.01M | $4.17M | $6.89M | $2.3M | $1.5M | $100K | -$200K | $2.1M | $900K | -$1.5M | -$3.8M | $2.5M | -$5.1M | $0 |
| Stock-Based Compensation | $21.52M | $18.89M | $16.8M | $15.38M | $13.45M | $14.44M | $13.67M | $14.09M | $11.57M | $9.48M | $9.47M | $8.5M | $7.35M | $9.43M | $9.62M | $13.38M | $15.26M | $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 | -$82.85M | -$88.81M | -$2.39M | -$74.8M | -$17.71M | $71.15M | -$12.61M | -$57.49M | -$16.39M | $91.69M | -$77.11M | $12.85M | $6.6M | $26.52M | -$86M | -$82.24M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | -$63.48M | -$34.5M | -$21.57M | -$60.62M | $15.32M | $15.54M | -$3.48M | -$41.2M | $19.71M | $4.39M | -$4.04M | -$19.38M | -$25.5M | -$30.1M | -$23.43M | $10.64M | $17.82M | -$46.56M | -$50.29M | -$11.24M | -$26.91M | $7.58M | $1.89M | $197K | -$3.23M | $11.53M | $2.8M | $700K | -$3.6M | -$12.1M | -$6.5M | -$2.4M | $2.5M | $8.3M | $7M | $500K | -$5M |
| Accounts Payable | $73.93M | $16.02M | $11.57M | $42.49M | $17.71M | -$55.51M | -$18.63M | $48.93M | $4.32M | $4.13M | -$447K | $16.15M | $8.57M | -$7.29M | $15.63M | $9.93M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | $69.42M | $127.58M | -$27.03M | -$7.3M | -$27.29M | -$145.01M | $7.57M | -$1.35M | $62.01M | $29.28M | -$135.75M | $41.2M | -$19.43M | -$15.79M | $66.44M | $29.19M | -$1.72M | $34.65M | $19.24M | $28.07M | $11.45M | -$6.17M | -$6.75M | $28.68M | $32.81M | -$41.14M | $32.1M | -$15.6M | -$15.5M | $20.8M | -$3.3M | -$34M | -$1.9M | -$3M | -$1M | $20.7M | $2.2M |
| Total Working Capital Change | -$2.99M | $20.3M | -$39.42M | -$100.23M | -$11.97M | -$113.84M | -$27.16M | -$51.1M | $69.66M | $129.49M | -$217.34M | $50.82M | -$29.76M | -$26.65M | -$27.36M | -$32.49M | $16.1M | -$11.92M | -$31.05M | $16.82M | -$15.46M | $1.41M | -$4.85M | $28.88M | $29.58M | -$29.61M | $34.9M | -$14.9M | -$19.1M | $8.7M | -$9.8M | -$36.4M | $600K | $5.3M | $6M | $21.2M | -$2.8M |
| Other Non-Cash Items | $830K | $4.26M | -$2.88M | -$3.12M | $14.85M | $50.33M | -$15.89M | -$13.98M | -$1.62M | -$331K | $60.54M | $67.42M | -$5.17M | -$34.17M | -$1.97M | $1.45M | -$20K | $13.66M | $10.91M | $6.62M | -$2.64M | $1.63M | -$1.25M | -$7.75M | -$50.1M | $838K | -$1.9M | $700K | -$800K | $200K | -$1.2M | -$2.3M | $500K | -$700K | $700K | $600K | -$300K |
| Net Cash from Operating | $643.4M | $544.27M | $448.09M | $294.78M | $387.67M | $261.18M | $421.4M | $336.27M | $388.71M | $423.2M | $162.48M | $331.77M | $237.83M | $152.47M | $202.36M | $171.71M | $196.58M | $179.82M | $139.14M | $143.87M | $105.18M | $105.35M | $83.52M | $88.96M | $61.26M | $24.13M | $81.1M | $25.9M | $13.5M | $33.2M | $17.4M | -$7.6M | $21.5M | $32.6M | $41.3M | $40.5M | $30.4M |
| Investing Activities | |||||||||||||||||||||||||||||||||||||
| Capital Expenditures | -$89.69M | -$60.97M | -$44.67M | -$38.22M | -$41.11M | -$47.5M | -$69.75M | -$54.96M | -$52.7M | -$46.78M | -$35.51M | -$67.11M | -$72.24M | -$84.72M | -$84.85M | -$54.59M | -$76.32M | -$103.97M | -$58.16M | -$41.87M | -$42.44M | -$32.45M | -$33.33M | -$34.95M | -$19.35M | -$9.51M | -$69.2M | -$52.3M | -$11.2M | -$14.2M | -$7M | -$4.6M | -$4.9M | -$6.8M | -$7.7M | -$11.6M | -$12.6M |
| Acquisitions | -$9.62M | -$225.54M | $0 | -$287.49M | -$5.34M | -$487.94M | -$185.21M | -$209.67M | -$226.39M | $168K | $17.66M | $117.61M | -$242.8M | -$410.84M | -$169.98M | -$42.2M | -$68.62M | -$48.56M | -$289.35M | -$39.52M | -$78.2M | -$249.5M | -$71.37M | -$164.66M | -$58.98M | -$1.96M | $0 | $0 | $0 | $0 | $0 | $0 | $600K | $0 | $0 | $1M | $0 |
| Purchases of Investments | $0 | $0 | $0 | -$10M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$155.8M | -$633.7M | -$264.5M | -$218.1M | -$13.1M |
| Sales of Investments | $7.92M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $140.2M | $644M | $218.5M | $362.2M | $0 |
| Other Investing Activities | $1.27M | $3.21M | $9.15M | $9.84M | $4.04M | $2.91M | $14.92M | $9.12M | $6.77M | $3.67M | $2.28M | $2.95M | $1.35M | $2.56M | $2.5M | $744K | $3.79M | $8.14M | $174K | $776K | $11.27M | $1.19M | $1.13M | $2.45M | $45.2M | $3.77M | $2.6M | $900K | $3.4M | -$16.5M | $3.3M | $1.3M | -$100K | $2.1M | $1M | $100K | $4.8M |
| Net Cash from Investing | -$90.12M | -$283.31M | -$35.52M | -$325.87M | -$42.4M | -$532.53M | -$240.04M | -$255.52M | -$272.33M | -$42.93M | -$15.58M | $53.45M | -$313.69M | -$493M | -$252.34M | -$96.04M | -$141.15M | -$144.38M | -$347.33M | -$80.61M | -$109.37M | -$280.76M | -$103.56M | -$197.17M | -$33.13M | -$7.7M | -$66.6M | -$51.4M | -$7.8M | -$30.7M | -$3.7M | -$3.3M | -$20M | $5.6M | -$52.7M | $133.6M | -$20.9M |
| Financing Activities | |||||||||||||||||||||||||||||||||||||
| Debt Repaid | $90M | - | $202.5M | -$300M | $6.1M | -$300M | $242K | $49.91M | $150.52M | $591K | $8.21M | $50.29M | -$374.97M | -$280.79M | -$300M | $68.67M | $51.7M | $24.58M | -$146.94M | $58K | -$24.67M | -$116.08M | -$70.51M | -$128.43M | $8.23M | $7.58M | - | -$30.3M | - | - | $4.1M | $100K | $9.3M | $8.5M | -$8.3M | -$1.6M | $2.2M |
| Common Stock Issuance | $12.54M | $11.35M | $10.58M | $10M | $9.71M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $9.9M | $9.66M | $8.62M | $8.49M | $7.46M | $3.87M | $6.23M | $1.8M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $300K | $600K | $100K |
| Common Stock Repurchases | -$464.95M | -$250M | -$50.14M | -$56.87M | -$343.13M | -$200.02M | -$50.66M | -$198.59M | -$52.13M | -$105.25M | -$294.13M | -$65.22M | $0 | -$25.7M | -$8.18M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$1.49M | -$5.4M | -$600K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | -$34.73M | -$31.66M | -$30.25M | -$28.78M | -$28.66M | -$28.18M | -$28.2M | -$26.33M | -$24.74M | -$23.07M | -$24.12M | -$25.01M | -$18.38M | -$16.39M | -$14.89M | -$14.73M | -$14.56M | -$14.38M | -$12.44M | -$10.54M | -$8.46M | -$7.67M | -$6.52M | -$6.14M | -$680K | -$5.21M | -$5.3M | -$5.3M | -$5.1M | -$5.1M | -$5.1M | -$5.1M | $0 | -$5.1M | -$5.1M | -$157.1M | -$8M |
| Other Financing Activities | -$1.16M | -$1.18M | -$1.1M | -$1.02M | -$945K | $10.27M | $10.96M | -$752K | -$692K | $32.77M | $37.24M | $9.91M | $29.59M | $15.55M | $13.09M | $11.54M | $10.94M | $1.54M | $2.59M | $1.89M | $0 | $0 | $0 | $0 | -$3.01M | $0 | $0 | $0 | $0 | $0 | $100K | $0 | $0 | $0 | -$2.9M | -$9.4M | $0 |
| Net Cash from Financing | -$578.3M | -$271.49M | -$273.4M | $129.43M | -$369.13M | $82.08M | -$68.14M | -$263.64M | -$213.9M | -$96.14M | -$289.22M | -$92.44M | $140.14M | $254.24M | $179.8M | -$71.86M | -$55.32M | -$27.51M | $146.75M | -$95K | $24.71M | $115.87M | $67.86M | $128.51M | -$10.12M | -$14.28M | -$10.7M | $24.4M | -$5.1M | -$5.1M | -$9.1M | -$5.2M | -$9.3M | -$13.6M | $600K | -$164.3M | -$10.1M |
| Forex Effect | $11.32M | -$11.3M | $10.73M | -$12.37M | -$3.38M | -$3.52M | $1.75M | -$16.17M | $18.79M | -$18.97M | -$19.1M | -$17.95M | -$1M | $3.92M | -$3.56M | -$702K | $4.2M | -$13.74M | $3.44M | $2.33M | -$2.53M | $1.91M | $3.14M | $1.92M | -$1.21M | -$3M | -$100K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $100K | $0 |
| Net Change in Cash | -$13.7M | -$21.82M | $149.89M | $85.97M | -$27.24M | -$192.78M | $114.97M | -$199.05M | -$78.73M | $265.15M | -$161.42M | $274.82M | $63.27M | -$82.36M | $126.27M | $3.11M | $4.3M | -$5.82M | -$58M | $65.5M | $17.98M | -$57.63M | $50.95M | $22.22M | $16.8M | -$855K | $3.7M | -$1.1M | $600K | -$2.6M | $4.6M | -$16.1M | -$7.8M | $24.6M | -$10.8M | $9.9M | -$600K |
| Supplementary Data | |||||||||||||||||||||||||||||||||||||
| Operating Cash Flow | $643.4M | $544.27M | $448.09M | $294.78M | $387.67M | $261.18M | $421.4M | $336.27M | $388.71M | $423.2M | $162.48M | $331.77M | $237.83M | $152.47M | $202.36M | $171.71M | $196.58M | $179.82M | $139.14M | $143.87M | $105.18M | $105.35M | $83.52M | $88.96M | $61.26M | $24.13M | $81.1M | $25.9M | $13.5M | $33.2M | $17.4M | -$7.6M | $21.5M | $32.6M | $41.3M | $40.5M | $30.4M |
| Capital Expenditure | -$89.69M | -$60.97M | -$44.67M | -$38.22M | -$41.11M | -$47.5M | -$69.75M | -$54.96M | -$52.7M | -$46.78M | -$35.51M | -$67.11M | -$72.24M | -$84.72M | -$84.85M | -$54.59M | -$76.32M | -$103.97M | -$58.16M | -$41.87M | -$42.44M | -$32.45M | -$33.33M | -$34.95M | -$19.35M | -$9.51M | -$69.2M | -$52.3M | -$11.2M | -$14.2M | -$7M | -$4.6M | -$4.9M | -$6.8M | -$7.7M | -$11.6M | -$12.6M |
| Free Cash Flow | $553.71M | $483.3M | $403.42M | $256.56M | $346.56M | $213.68M | $351.65M | $281.31M | $336.01M | $376.42M | $126.97M | $264.65M | $165.59M | $67.76M | $117.51M | $117.12M | $120.26M | $75.85M | $80.98M | $102M | $62.73M | $72.89M | $50.2M | $54.01M | $41.91M | $14.62M | $11.9M | -$26.4M | $2.3M | $19M | $10.4M | -$12.2M | $16.6M | $25.8M | $33.6M | $28.9M | $17.8M |
| Cash at Beginning | $385.04M | $406.87M | $256.97M | $171M | $198.25M | $391.03M | $276.07M | $475.12M | $553.85M | $288.7M | $450.12M | $175.29M | $112.02M | $194.39M | $68.12M | $65.01M | $60.7M | $66.52M | $124.52M | $59.02M | $41.04M | $98.67M | $47.72M | $25.5M | $8.69M | $9.55M | $5.8M | $6.9M | $6.3M | $8.9M | $4.2M | $20.3M | $28.1M | $3.4M | $14.3M | $4.4M | $2.7M |
| Cash at End | $371.35M | $385.04M | $406.87M | $256.97M | $171M | $198.25M | $391.03M | $276.07M | $475.12M | $553.85M | $288.7M | $450.12M | $175.29M | $112.02M | $194.39M | $68.12M | $65.01M | $60.7M | $66.52M | $124.52M | $59.02M | $41.04M | $98.67M | $47.72M | $25.5M | $8.69M | $9.5M | $5.8M | $6.9M | $6.3M | $8.8M | $4.2M | $20.3M | $28M | $3.5M | $14.3M | $2.1M |