DTE ENERGY CO (DTE)
DTE Energy Company, established in 1903 and based in Detroit, Michigan, is primarily engaged in utility services. Its Electric division is responsible for generating, acquiring, delivering, and selling electricity to approximately 2.3 million customers—including households, businesses, and industrial clients—across southeastern Michigan. This power is sourced from diverse facilities, encompassing fossil fuel, pumped-storage hydroelectric, nuclear, wind, and other renewable energy assets. The infrastructure supporting this includes around 698 distribution substations and 449,800 line transformers. The Gas division manages the procurement, storage, transmission, distribution, and sale of natural gas to roughly 1.3 million residential, commercial, and industrial customers statewide in Michigan. This segment also provides natural gas storage and transportation capacity. Its extensive network features approximately 20,000 miles of distribution mains, 1,304,000 service pipelines, 1,305,000 active meters, and about 2,000 miles of transmission pipelines. Through its Power and Industrial Projects segment, DTE Energy supplies metallurgical coke, along with pulverized coal and petroleum coke, to the steel, pulp and paper, and other industrial sectors. This segment also delivers essential services such as power, steam, and chilled water production, wastewater treatment, and compressed air to various industrial clients. Finally, the Energy Trading segment focuses on the marketing and trading of power, natural gas, and environmental commodities. It also undertakes structured transactions and works to optimize its contracted natural gas pipeline transportation and storage assets.
Sector: Electric Services
Industry: Regulated Electric
DTE Energy Company
NYSE:DTEUtilities · Regulated Electric
-0.88%$131.89
AH Close$131.17-0.54%vs close
AH Close$131.17-0.54%vs close
Mkt Cap$27.44B
Float182.81M
O/S208.09M
Inst Own80.9%
SI3.0%
Div Yield3.53%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$15.81B
Net Income$1.46B
Total Assets$54.07B
Free Cash Flow-$1B
Debt & Equity
Debt 68%
Equity 32%
Total Debt$26.52B
Total Equity$12.3B
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in DTE's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$54.07B
Liabilities$41.76B
Accounts Receivable$2.15B
Accounts Payable$1.75B
Inventory$1.38B
PP&E (Net)$33.92B
Goodwill$1.99B
Intangible Assets$188M
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 | FY 2005 | FY 2004 | FY 2003 | FY 2002 | FY 2001 | FY 2000 | FY 1999 | FY 1998 | FY 1997 | FY 1996 | FY 1995 | FY 1994 | FY 1993 | FY 1992 | FY 1991 | FY 1990 | FY 1989 | FY 1988 | FY 1987 | FY 1986 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 | 2005-12-31 | 2004-12-31 | 2003-12-31 | 2002-12-31 | 2001-12-31 | 2000-12-31 | 1999-12-31 | 1998-12-31 | 1997-12-31 | 1996-12-31 | 1995-12-31 | 1994-12-31 | 1993-12-31 | 1992-12-31 | 1991-12-31 | 1990-12-31 | 1989-12-31 | 1988-12-31 | 1987-12-31 | 1986-12-31 |
| Revenue | $15.81B | $12.46B | $12.74B | $19.23B | $14.96B | $11.42B | $12.17B | $14.21B | $12.61B | $10.63B | $10.34B | $12.3B | $9.66B | $8.79B | $8.9B | $8.56B | $8.01B | $9.33B | $8.51B | $9.02B | $9.02B | $7.07B | $7.04B | $6.75B | $7.85B | $5.6B | $4.73B | $4.22B | $3.76B | $3.65B | $3.64B | $3.52B | $3.56B | $3.56B | $3.59B | $3.31B | $3.2B | $3.1B | $2.86B | $2.87B |
| YoY Growth | 26.9% | -2.3% | -33.7% | 28.5% | 31.0% | -6.1% | -14.4% | 12.7% | 18.6% | 2.8% | -16.0% | 27.3% | 9.9% | -1.2% | 4.0% | 6.8% | -14.1% | 9.7% | -5.7% | 0.0% | 27.6% | 0.4% | 4.3% | -14.0% | 40.2% | 18.4% | 12.0% | 12.1% | 3.3% | 0.3% | 3.3% | -1.0% | -0.1% | -0.9% | 8.6% | 3.2% | 3.2% | 8.6% | -0.4% | - |
| Cost of Revenue | $2.38B | $8.12B | $8.42B | $15.56B | $11.63B | $8.14B | $9.15B | $11.06B | $9.43B | $7.79B | $7.78B | $9.23B | $7.03B | $6.19B | $6.15B | $5.76B | $3.12B | $4.31B | $3.55B | $3.05B | $3.53B | $2.01B | $2.24B | $2.1B | $1.92B | $1.3B | $1.33B | $1.06B | $837M | $845.7M | $849.6M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Gross Profit | $13.43B | $4.34B | $4.33B | $3.67B | $3.34B | $3.28B | $3.02B | $3.15B | $3.17B | $2.84B | $2.56B | $3.08B | $2.63B | $2.6B | $2.71B | $2.77B | $4.9B | $5.02B | $4.92B | $5.11B | $4.56B | $5.06B | $4.8B | $4.63B | $3.87B | $3.33B | $3.39B | $3.16B | $2.93B | $2.8B | $2.79B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Gross Margin | 84.9% | 34.8% | 34.0% | 19.1% | 22.3% | 28.7% | 24.8% | 22.2% | 25.2% | 26.7% | 24.8% | 25.0% | 27.2% | 29.6% | 30.4% | 32.3% | 61.1% | 53.8% | 57.9% | 56.6% | 50.6% | 71.6% | 68.2% | 68.6% | 49.3% | 59.5% | 71.8% | 74.8% | 77.8% | 76.8% | 76.6% | - | - | - | - | - | - | - | - | - |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $0 | $0 | $9M | -$1M | $17M | $50M | $39M | $37M | $65M | $41M | $0 | $0 | $0 | $0 | $0 | $0 | $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 | $11.06B | $2.25B | $2.08B | $1.92B | $1.82B | $1.67B | $1.55B | $1.52B | $1.4B | $1.31B | $1.32B | $1.49B | $1.43B | $1.32B | $1.29B | $1.3B | $3.65B | $3.76B | $3.32B | $4.04B | $3.67B | $4.41B | $4.05B | $3.64B | $3.2B | $2.5B | $2.49B | $2.22B | $1.93B | $1.96B | $1.76B | $3.52B | $3.56B | $3.56B | $3.59B | $3.31B | $3.2B | $3.1B | $2.86B | $2.87B |
| Total Operating Expenses | $11.06B | $2.25B | $2.08B | $1.92B | $1.84B | $1.72B | $1.59B | $1.56B | $1.46B | $1.35B | $1.32B | $1.49B | $1.43B | $1.32B | $1.29B | $1.3B | $3.65B | $3.76B | $3.32B | $4.04B | $3.67B | $4.41B | $4.05B | $3.64B | $3.2B | $2.5B | $2.49B | $2.22B | $1.93B | $1.96B | $1.76B | $3.52B | $3.56B | $3.56B | $3.59B | $3.31B | $3.2B | $3.1B | $2.86B | $2.87B |
| Operating Income (EBIT) | $2.37B | $2.09B | $2.24B | $1.75B | $1.5B | $1.55B | $1.43B | $1.59B | $1.71B | $1.49B | $1.24B | $1.59B | $1.2B | $1.28B | $1.42B | $1.47B | $1.25B | $1.26B | $1.6B | $1.07B | $898M | $656M | $747M | $994M | $665M | $830M | $901M | $937M | $1B | $836.5M | $1.03B | $3.52B | $3.56B | $3.56B | $3.59B | $3.31B | $3.2B | $3.1B | $2.86B | $2.87B |
| Operating Margin | 15.0% | 16.8% | 17.6% | 9.1% | 10.0% | 13.6% | 11.8% | 11.2% | 13.6% | 14.0% | 12.0% | 12.9% | 12.5% | 14.5% | 16.0% | 17.2% | 15.6% | 13.5% | 18.9% | 11.8% | 10.0% | 9.3% | 10.6% | 14.7% | 8.5% | 14.8% | 19.1% | 22.2% | 26.6% | 22.9% | 28.3% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| Interest Expense | $1.06B | $951M | $791M | $675M | $630M | $601M | $568M | $559M | $536M | $472M | $450M | $429M | $436M | $440M | $488M | $543M | $545M | $503M | $0 | $0 | $0 | $0 | $0 | $0 | $335M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Interest Income | $120M | $136M | $57M | $46M | $22M | $29M | $9M | $12M | $12M | $20M | $13M | $10M | $9M | $10M | $10M | $12M | $19M | $19M | $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) | -$824M | -$721M | -$677M | -$636M | -$839M | -$473M | -$417M | -$378M | -$424M | -$381M | -$289M | -$315M | -$281M | -$319M | -$430M | -$508M | -$467M | -$444M | -$454M | -$532M | -$520M | -$18M | -$390M | -$492M | -$475M | -$353M | -$358M | -$340M | -$327M | -$304.6M | -$333.5M | -$3.52B | -$3.56B | -$3.56B | -$3.59B | -$3.31B | -$3.2B | -$3.1B | -$2.86B | -$2.87B |
| Income Before Tax (EBT) | $1.55B | $1.37B | $1.57B | $1.11B | $656M | $1.08B | $1.01B | $1.22B | $1.29B | $1.1B | $950M | $1.27B | $922M | $960M | $991M | $962M | $782M | $819M | $1.15B | $535M | $378M | $638M | $357M | $502M | $190M | $477M | $543M | $597M | $674M | $531.9M | $695.6M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Income Tax Expense | $88M | -$34M | $169M | $29M | -$130M | $37M | $71M | $98M | $175M | $271M | $230M | $364M | $254M | $286M | $268M | $315M | $247M | $288M | $364M | $146M | $106M | $174M | -$123M | -$84M | -$119M | $9M | $60M | $154M | $257M | $222.6M | $289.7M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Income | $1.46B | $1.4B | $1.4B | $1.08B | $907M | $1.37B | $1.17B | $1.12B | $1.13B | $868M | $727M | $905M | $661M | $610M | $711M | $630M | $532M | $546M | $971M | $433M | $537M | $434M | $521M | $632M | $332M | $468M | $483M | $443M | $417M | $309.3M | $405.9M | $390.2M | $491.1M | $557.5M | $535.2M | $514.5M | $426M | -$235.3M | $555M | $477.1M |
| Net Income Margin | 9.2% | 11.2% | 11.0% | 5.6% | 6.1% | 12.0% | 9.6% | 7.9% | 9.0% | 8.2% | 7.0% | 7.4% | 6.8% | 6.9% | 8.0% | 7.4% | 6.6% | 5.9% | 11.4% | 4.8% | 6.0% | 6.1% | 7.4% | 9.4% | 4.2% | 8.4% | 10.2% | 10.5% | 11.1% | 8.5% | 11.2% | 11.1% | 13.8% | 15.7% | 14.9% | 15.6% | 13.3% | -7.6% | 19.4% | 16.6% |
| Supplementary Data | ||||||||||||||||||||||||||||||||||||||||
| EPS | 7.06 | 6.78 | 6.77 | 5.53 | 4.68 | 7.09 | 6.32 | 6.18 | 6.32 | 4.84 | 4.05 | 5.11 | 3.76 | 3.56 | 4.19 | 3.75 | 3.24 | 3.34 | 5.73 | 2.44 | 3.07 | 2.49 | 2.50 | 3.18 | 1.44 | 3.28 | 3.33 | 3.05 | 2.88 | 2.13 | 2.80 | 2.67 | 3.34 | 3.79 | 3.64 | 3.26 | 2.65 | -1.95 | 3.25 | 2.58 |
| Diluted EPS | 7.06 | 6.77 | 6.76 | 5.52 | 4.67 | 7.08 | 6.31 | 6.17 | 6.32 | 4.83 | 4.05 | 5.10 | 3.76 | 3.55 | 4.18 | 3.74 | 3.24 | 3.34 | 5.70 | 2.43 | 3.05 | 2.49 | 2.50 | 3.18 | 1.44 | 3.27 | 3.33 | 3.05 | 2.88 | 2.13 | 2.80 | 2.67 | 3.34 | 3.79 | 3.64 | 3.26 | 2.65 | -1.95 | 3.25 | 2.58 |
| Weighted Average OS | 207.00M | 207.00M | 206.00M | 195.00M | 193.00M | 193.00M | 185.00M | 181.00M | 179.00M | 179.00M | 179.00M | 177.00M | 175.00M | 171.00M | 169.00M | 168.00M | 164.00M | 163.00M | 169.00M | 177.00M | 175.00M | 173.00M | 168.00M | 164.00M | 150.00M | 143.04M | 145.00M | 145.26M | 144.79M | 145.21M | 137.32M | 146.14M | 147.04M | 147.10M | 147.03M | 147.02M | 146.79M | 146.21M | 146.71M | 146.63M |
| EBITDA | $3.96B | $4.11B | $4.02B | $3.25B | $2.75B | $3.13B | $2.84B | $2.9B | $2.85B | $2.55B | $2.25B | $2.85B | $2.45B | $2.42B | $2.46B | $2.53B | $2.35B | $2.22B | $2.53B | $2.08B | $1.77B | $1.4B | $1.44B | $1.75B | $1.46B | $1.55B | $1.64B | $1.6B | $1.66B | $1.46B | $1.62B | $3.52B | $3.56B | $3.56B | $3.59B | $3.31B | $3.2B | $3.1B | $2.86B | $2.87B |
| EBITDA Margin | 25.0% | 33.0% | 31.6% | 16.9% | 18.3% | 27.4% | 23.4% | 20.4% | 22.6% | 24.0% | 21.8% | 23.2% | 25.4% | 27.5% | 27.6% | 29.6% | 29.3% | 23.8% | 29.8% | 23.1% | 19.6% | 19.8% | 20.4% | 26.0% | 18.6% | 27.7% | 34.6% | 37.9% | 44.1% | 40.1% | 44.5% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Assets | |||||||||||||||||||||||||||||||
| Current Assets | |||||||||||||||||||||||||||||||
| Cash and Cash Equivalents | $250M | $24M | $26M | $33M | $28M | $472M | $93M | $71M | $66M | $92M | $37M | $48M | $52M | $65M | $68M | $65M | $52M | $86M | $123M | $293M | $88M | $56M | $54M | $133M | $268M | $64M | $33M | $130M | $99M | $53M | $64.9M |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $209M | $316M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $250M | $24M | $26M | $33M | $28M | $472M | $93M | $71M | $66M | $92M | $37M | $48M | $52M | $65M | $68M | $65M | $261M | $402M | $123M | $293M | $88M | $56M | $54M | $133M | $268M | $64M | $33M | $130M | $99M | $53M | $64.9M |
| Accounts Receivable | $2.15B | $1.83B | $1.79B | $2.18B | $1.83B | $1.67B | $1.89B | $1.9B | $1.86B | $1.59B | $1.35B | $1.6B | $1.67B | $1.46B | $1.41B | $1.79B | $1.66B | $1.85B | $2.24B | $2.05B | $2.58B | $1.64B | $1.53B | $1.44B | $1.25B | $838M | $554M | $604M | $520M | $484.5M | $452.1M |
| Inventory | $1.38B | $1.25B | $1.05B | $942M | $858M | $708M | $759M | $811M | $779M | $772M | $803M | $804M | $628M | $761M | $791M | $662M | $509M | $539M | $633M | $715M | $668M | $668M | $629M | $576M | $505M | $335M | $343M | $338M | $303M | $263.9M | $305.6M |
| Other Current Assets | $574M | $447M | $672M | $1.02B | $601M | $776M | $347M | $481M | $380M | $305M | $387M | $562M | $457M | $627M | $930M | $687M | $452M | $555M | $1.06B | $1.46B | $1.34B | $631M | $498M | $620M | $701M | $415M | $236M | $160M | $13M | $9M | $12.9M |
| Total Current Assets | $4.35B | $3.61B | $3.54B | $4.18B | $3.32B | $3.5B | $3.09B | $3.26B | $3.08B | $2.76B | $2.58B | $3.01B | $2.81B | $2.92B | $3.2B | $3.17B | $2.88B | $3.33B | $4B | $3.96B | $4.68B | $3B | $2.71B | $2.76B | $2.48B | $1.65B | $1.31B | $1.23B | $935M | $810.4M | $835.5M |
| Long-Term Assets | |||||||||||||||||||||||||||||||
| Property, Plant & Equipment Net | $33.92B | $31.08B | $28.3B | $28.86B | $27.04B | $24.61B | $25.49B | $21.65B | $20.72B | $19.73B | $18.03B | $16.82B | $15.8B | $14.68B | $13.75B | $12.99B | $12.43B | $12.23B | $11.41B | $11.45B | $10.83B | $10.49B | $10.32B | $9.81B | $9.54B | $7.39B | $7.15B | $6.94B | $8.93B | $8.83B | $8.82B |
| Goodwill | $1.99B | $1.99B | $1.99B | $1.99B | $1.99B | $1.99B | $2.46B | $2.29B | $2.29B | $2.29B | $2.02B | $2.02B | $2.02B | $2.02B | $2.02B | $2.02B | $2.02B | $2.04B | $0 | $2.05B | $2.58B | $1.64B | $1.53B | $2.12B | $1.25B | $838M | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $188M | $144M | $156M | $166M | $177M | $199M | $2.39B | $849M | $867M | $842M | $89M | $102M | $122M | $135M | $174M | $67M | $54M | $70M | $2.24B | $0 | $0 | $0 | $0 | $904M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $316M | $304M | $334M | $330M | $381M | $2.23B | $3.79B | $3.37B | $2.8B | $2.27B | $1.94B | $1.87B | $1.79B | $1.59B | $1.46B | $1.46B | $1.42B | $1.28B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $2.65B | $2.39B | $0 | $0 | $0 | $1.98B | $1.89B | $0 | $0 | $0 | $3.32B | $3.19B | $3.12B | $2.63B | $2.1B | $255M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $13.3B | $11.72B | $7.78B | $4.76B | $6.81B | $12.97B | $5.05B | $2.89B | $2.12B | $4.15B | $4.01B | $4.08B | $74M | $1.8B | $2.4B | $2.56B | $3.3B | $5.64B | $6.29B | $6.24B | $5.77B | $5.74B | $5.65B | $5.3B | $4.86B | $3.6B | $3.86B | $3.91B | $1.35B | $1.37B | $1.47B |
| Total Long-Term Assets | $49.72B | $45.24B | $41.22B | $38.5B | $36.4B | $42B | $39.18B | $33.03B | $30.69B | $29.28B | $26.09B | $24.89B | $23.13B | $23.42B | $22.81B | $21.73B | $21.32B | $21.26B | $19.76B | $19.82B | $18.65B | $18.3B | $18.04B | $17.22B | $16.4B | $11.01B | $11.01B | $10.86B | $10.29B | $10.2B | $10.3B |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $75M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $54.07B | $48.85B | $44.76B | $42.68B | $39.72B | $45.5B | $42.27B | $36.29B | $33.77B | $32.04B | $28.66B | $27.97B | $25.93B | $26.34B | $26.01B | $24.9B | $24.2B | $24.59B | $23.75B | $23.79B | $23.34B | $21.3B | $20.75B | $19.98B | $18.88B | $12.66B | $12.32B | $12.09B | $11.22B | $11.01B | $11.13B |
| Liabilities | |||||||||||||||||||||||||||||||
| Current Liabilities | |||||||||||||||||||||||||||||||
| Accounts Payable | $1.75B | $1.39B | $1.36B | $1.6B | $1.41B | $1B | $1.08B | $1.33B | $1.17B | $1.08B | $809M | $973M | $962M | $848M | $782M | $729M | $723M | $899M | $1.2B | $1.15B | $1.19B | $892M | $625M | $647M | $581M | $404M | $273M | $239M | $161M | $160.8M | $165.1M |
| Short-Term Debt | $2.27B | $2.36B | $3.42B | $2.29B | $3.63B | $507M | $1.51B | $2.11B | $730M | $513M | $972M | $672M | $1.03B | $1.06B | $945M | $1.07B | $998M | $1.11B | $1.54B | $1.49B | $1.63B | $917M | $847M | $1.43B | $1.2B | $800M | $732M | $643M | $315M | $298.7M | $310.5M |
| Current Income Tax Payable | $0 | $0 | $0 | -$33M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $16M | $185M | $0 | $54M | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $1.14B | $885M | $910M | $1.12B | $1.15B | $1.01B | $1.23B | $874M | $800M | $749M | $658M | $846M | $1.11B | $663M | $707M | $739M | $722M | $803M | $0 | $0 | $1.97B | $1.08B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Current Liabilities | $5.41B | $5.11B | $5.88B | $5.17B | $6.35B | $2.69B | $4B | $4.44B | $2.81B | $2.44B | $2.53B | $2.58B | $3.19B | $2.77B | $2.63B | $2.75B | $2.65B | $3.01B | $4.22B | $4.16B | $4.92B | $3.01B | $2.82B | $3.19B | $2.83B | $2.05B | $1.6B | $1.39B | $1.02B | $902M | $922.2M |
| Long-Term Liabilities | |||||||||||||||||||||||||||||||
| Long-Term Debt | $24.01B | $20.67B | $17.41B | $16.86B | $14.51B | $18.98B | $15.92B | $12.13B | $12.18B | $11.26B | $8.74B | $8.34B | $7.2B | $7B | $7.16B | $7.05B | $7.32B | $7.68B | $6.93B | $7.39B | $6.7B | $7.25B | $7.3B | $7.43B | $7.57B | $3.89B | $3.94B | $4.2B | $3.78B | $3.78B | $3.76B |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $116M | $0 | $56M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$114M | -$126M | -$137M | -$115.7M | $0 |
| Long-Term Deferred Tax Liabilities | $3.4B | $2.96B | $2.65B | $2.39B | $2.16B | $0 | $0 | $1.98B | $1.89B | $4.16B | $3.92B | $3.7B | $0 | $3.19B | $3.12B | $2.71B | $2.18B | $2.05B | $1.93B | $1.58B | $1.53B | $1.27B | $1.14B | $1.08B | $0 | $1.8B | $1.93B | $1.89B | $2.28B | $2.34B | $2.38B |
| Other Long-Term Liabilities | $8.69B | $8.22B | $7.64B | $7.77B | $7.89B | $11.13B | $10.37B | $7.02B | $6.89B | $4.67B | $4.66B | $5.01B | $7.58B | $5.96B | $6.03B | $5.58B | $5.68B | $5.74B | $4.72B | $0 | $0 | $0 | $0 | $0 | $3.81B | $796M | $940M | $913M | $439M | -$6.12B | -$128.4M |
| Total Long-Term Liabilities | $36.35B | $32.04B | $27.82B | $27.11B | $24.66B | $30.22B | $26.43B | $21.13B | $20.96B | $20.11B | $17.34B | $17.05B | $14.79B | $16.16B | $16.33B | $15.38B | $15.23B | $15.54B | $13.62B | $9.06B | $8.32B | $8.58B | $8.52B | $8.6B | $11.46B | $6.64B | $6.8B | $7B | $6.5B | -$115.7M | $6.14B |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$2M | $4.67B | $4.24B | $4.02B | $3.96B | $3.5B | $4M | -$36M | $0 | $0 | $0 | $6.64B | $306.4M |
| Total Liabilities | $41.76B | $37.14B | $33.7B | $32.28B | $31.01B | $32.91B | $30.43B | $25.57B | $23.78B | $22.54B | $19.87B | $19.63B | $17.98B | $18.93B | $18.96B | $18.13B | $17.88B | $18.55B | $17.84B | $17.89B | $17.47B | $15.62B | $15.31B | $15.29B | $14.29B | $8.65B | $8.41B | $8.39B | $7.52B | $7.43B | $7.37B |
| 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 | $144M | $144.4M | $326.6M |
| Common Stock | $6.86B | $6.78B | $6.71B | $6.65B | $5.38B | $5.41B | $5.23B | $4.25B | $3.99B | $4.03B | $4.12B | $3.9B | $3.91B | $3.59B | $3.42B | $3.44B | $3.26B | $3.17B | $3.18B | $3.47B | $3.48B | $3.32B | $3.11B | $3.05B | $2.81B | $1.92B | $1.95B | $1.95B | $1.95B | $1.95B | $1.95B |
| Retained Earnings | $5.48B | $4.95B | $4.4B | $3.81B | $3.44B | $7.16B | $6.59B | $6.11B | $5.64B | $5.11B | $4.79B | $4.58B | $4.15B | $3.94B | $3.75B | $3.43B | $3.17B | $2.98B | $2.79B | $2.59B | $2.56B | $2.38B | $2.31B | $2.13B | $1.85B | $2.1B | $1.96B | $1.75B | $1.61B | $1.49B | $1.48B |
| Comprehensive Income & Other | -$39M | -$26M | -$67M | -$62M | -$112M | -$137M | -$148M | -$120M | -$120M | -$133M | -$145M | -$155M | -$136M | -$158M | -$158M | -$149M | -$147M | -$165M | -$113M | -$211M | -$271M | -$158M | -$130M | -$619M | -$68M | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Stockholders' Equity | -$39M | -$26M | -$67M | -$62M | -$112M | -$137M | -$148M | -$120M | -$120M | -$133M | -$145M | -$155M | -$136M | -$158M | -$158M | -$149M | -$147M | -$165M | -$113M | -$211M | -$271M | -$158M | -$130M | -$619M | -$68M | -$6M | $0 | $0 | $144M | $144.5M | $326.6M |
| Total Equity | $12.3B | $11.7B | $11.05B | $10.4B | $8.71B | $12.43B | $11.67B | $10.24B | $9.51B | $9.01B | $8.77B | $8.33B | $7.92B | $7.37B | $7.01B | $6.72B | $6.28B | $6B | $5.85B | $5.85B | $5.77B | $5.55B | $5.29B | $4.57B | $4.59B | $4.01B | $3.91B | $3.7B | $3.71B | $3.59B | $3.76B |
| Minority Interest | $5M | $5M | $5M | $4M | $8M | $164M | $164M | $480M | $478M | $488M | $23M | $15M | $33M | $38M | $44M | $45M | $38M | $43M | $48M | $42M | $92M | $132M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $54.06B | $48.84B | $44.75B | $42.68B | $39.71B | $45.33B | $42.1B | $35.81B | $33.29B | $31.55B | $28.64B | $27.96B | $25.9B | $26.3B | $25.96B | $24.85B | $24.16B | $24.55B | $23.69B | $23.74B | $23.24B | $21.16B | $20.6B | $19.86B | $18.88B | $12.66B | $12.32B | $12.09B | $11.22B | $11.02B | $11.13B |
| Supplementary Data | |||||||||||||||||||||||||||||||
| Total Debt | $26.52B | $23.24B | $20.97B | $19.24B | $18.25B | $19.61B | $17.61B | $14.24B | $12.91B | $11.78B | $9.73B | $9.02B | $8.24B | $8.07B | $8.13B | $8.16B | $8.37B | $8.85B | $8.51B | $8.96B | $8.43B | $8.23B | $8.23B | $8.95B | $8.85B | $4.84B | $4.78B | $4.97B | $4.23B | $4.19B | $4.2B |
| Net Debt | $26.27B | $23.22B | $20.94B | $19.21B | $18.22B | $19.14B | $17.52B | $14.17B | $12.85B | $11.69B | $9.7B | $8.97B | $8.19B | $8.01B | $8.06B | $8.1B | $8.32B | $8.76B | $8.39B | $8.67B | $8.34B | $8.18B | $8.17B | $8.81B | $8.58B | $4.78B | $4.75B | $4.84B | $4.13B | $4.14B | $4.13B |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Operating Activities | |||||||||||||||||||||||||||||||
| Net Income | $1.46B | $1.4B | $1.4B | $1.08B | $907M | $1.37B | $1.17B | $1.12B | $1.11B | $834M | $720M | $911M | $668M | $618M | $720M | $639M | $535M | $526M | $971M | $433M | $537M | $431M | $521M | $632M | $332M | $468M | $483M | $443M | $417M | $309.3M | $405.9M |
| Depreciation & Amortization | $1.91B | $1.79B | $1.67B | $1.47B | $1.46B | $1.44B | $1.26B | $1.12B | $1.03B | $976M | $852M | $1.15B | $1.09B | $1.02B | $977M | $1.03B | $1.02B | $901M | $926M | $1.01B | $869M | $744M | $691M | $759M | $795M | $719M | $735M | $0 | $0 | $0 | $0 |
| Deferred Income Tax | $358M | $194M | $181M | $44M | -$32M | $407M | $329M | $114M | $196M | $265M | $237M | $356M | $164M | $47M | $220M | $457M | $205M | $348M | $144M | $28M | $147M | $129M | -$220M | -$208M | $0 | $0 | $0 | $0 | $0 | $1.9M | $62.5M |
| Stock-Based Compensation | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $83.7M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | |||||||||||||||||||||||||||||||
| Accounts Receivable | -$316M | -$40M | $398M | -$352M | -$146M | $111M | $49M | -$44M | -$252M | -$226M | $259M | $48M | -$154M | $52M | $71M | $79M | $167M | $257M | $0 | $0 | $0 | $11M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | -$127M | -$191M | -$110M | -$98M | -$153M | $45M | $59M | -$32M | -$4M | $37M | $1M | -$177M | $123M | $35M | $0 | $0 | $28M | $96M | $80M | $0 | $0 | $0 | $0 | $0 | $0 | $13M | -$5M | -$40M | -$36M | $41.8M | -$18.8M |
| Accounts Payable | $255M | $45M | -$306M | $109M | $308M | $266M | -$288M | $146M | $129M | $145M | -$158M | $128M | $14M | $40M | -$23M | $12M | -$162M | -$286M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | -$31M | $514M | $83M | -$410M | $389M | $86M | -$34M | $311M | -$134M | $8M | -$125M | -$596M | $228M | $315M | $46M | -$384M | $36M | -$154M | $116M | $8M | -$111M | -$2M | $73M | -$196M | -$396M | $26M | -$26M | -$71M | -$6M | -$16.1M | -$173.5M |
| Total Working Capital Change | -$219M | $328M | $65M | -$751M | $398M | $508M | -$214M | $381M | -$261M | -$36M | -$23M | -$597M | $211M | $442M | $94M | -$293M | $69M | -$87M | $196M | $8M | -$111M | $9M | $73M | -$196M | -$396M | $39M | -$31M | -$111M | -$42M | $25.7M | -$192.3M |
| Other Non-Cash Items | -$79M | -$70M | -$88M | $133M | $335M | -$32M | $99M | -$57M | $40M | $45M | $130M | $24M | $17M | $300K | -$3M | -$5M | -$10M | -$129M | -$1.11B | -$27M | -$441M | -$318M | -$115M | $9M | $80M | -$208M | -$90M | $536M | $631M | $741.7M | $636.8M |
| Net Cash from Operating | $3.43B | $3.64B | $3.22B | $1.98B | $3.07B | $3.7B | $2.65B | $2.68B | $2.12B | $2.08B | $1.92B | $1.84B | $2.15B | $2.21B | $2.01B | $1.82B | $1.82B | $1.56B | $1.13B | $1.46B | $1B | $995M | $950M | $996M | $811M | $1.02B | $1.1B | $868M | $1.01B | $1.08B | $912.9M |
| Investing Activities | |||||||||||||||||||||||||||||||
| Capital Expenditures | -$4.43B | -$4.47B | -$3.93B | -$3.38B | -$3.77B | -$3.86B | -$3B | -$2.71B | -$2.25B | -$2.04B | -$2.02B | -$2.05B | -$1.88B | -$1.82B | -$1.48B | -$1.1B | -$1.03B | -$1.37B | -$1.3B | -$1.4B | -$1.06B | -$904M | -$751M | -$984M | -$1.1B | -$587M | -$739M | -$555M | -$667M | -$530.5M | -$453.8M |
| Acquisitions | -$178M | -$27M | -$27M | -$13M | -$8M | -$163M | -$2.62B | -$637M | -$299M | -$1.39B | -$202M | $0 | $0 | $57M | $0 | $19M | $0 | -$50M | $1.59B | -$42M | $10M | $0 | $0 | $0 | -$1.21B | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | -$720M | -$1.61B | -$678M | -$878M | -$1.05B | -$2.35B | -$794M | -$1.19B | -$1.52B | -$1.46B | -$898M | -$1.16B | -$1.13B | $0 | -$100M | -$459M | -$330M | $0 | $0 | $0 | -$66M | $0 | $0 | $0 | $22M | $0 | $0 | $0 | $0 | -$8.2M | $0 |
| Sales of Investments | $717M | $1.6B | $681M | $879M | $1.05B | $2.35B | $788M | $1.2B | $1.24B | $1.46B | $885M | $1.15B | $1.12B | $97M | $80M | $377M | $295M | $0 | $0 | $0 | $459M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.9M |
| Other Investing Activities | -$712M | -$453M | -$137M | -$41M | -$76M | -$50M | -$110M | -$12M | $272M | $49M | $31M | -$1M | -$14M | -$103M | -$56M | -$64M | $6M | -$100M | $35M | $251M | -$140M | $223M | $761M | -$131M | $0 | $0 | -$29M | -$482M | -$74M | -$78.1M | -$70.5M |
| Net Cash from Investing | -$5.32B | -$4.95B | -$4.09B | -$3.43B | -$3.86B | -$4.07B | -$5.73B | -$3.35B | -$2.56B | -$3.39B | -$2.2B | -$2.06B | -$1.91B | -$1.77B | -$1.56B | -$1.23B | -$1.06B | -$1.52B | $330M | -$1.19B | -$802M | -$681M | $10M | -$1.11B | -$2.29B | -$587M | -$768M | -$1.04B | -$741M | -$616.8M | -$522.4M |
| Financing Activities | |||||||||||||||||||||||||||||||
| Debt Repaid | -$3.14B | -$2.39B | -$1.55B | -$584M | -$935M | -$2.81B | -$1.69B | -$1.33B | -$1.01B | -$1.17B | -$670M | -$499M | -$273M | -$120M | $276M | $49M | $59M | -$626M | $343M | $75M | $397M | $23M | $734M | -$66M | -$2.44B | $92M | $127M | -$697M | -$86M | -$21.2M | $229.1M |
| Common Stock Issuance | $0 | $0 | $0 | $1.3B | $0 | $2M | $2.29B | $0 | $0 | $654M | $9M | $0 | $39M | $39M | $0 | $36M | $35M | $0 | $0 | $17M | $172M | $41M | $44M | $445M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | -$55M | -$66M | $0 | $0 | $0 | -$51M | -$33M | $1.06B | -$52M | $0 | $0 | -$18M | $0 | $0 | -$16M | -$708M | -$61M | -$13M | $0 | -$3M | -$189M | -$438M | $0 | $0 | -$150M | $0 | -$185M | -$1M |
| Dividends Paid | -$871M | -$776M | -$752M | -$685M | -$791M | -$760M | -$692M | -$620M | -$592M | -$531M | -$501M | -$470M | -$445M | -$407M | -$389M | -$360M | -$348M | -$344M | -$364M | -$365M | -$360M | -$354M | -$346M | -$338M | -$325M | -$319M | -$299M | -$299M | -$299M | -$298.9M | -$298.5M |
| Other Financing Activities | -$25M | -$23M | -$37M | $1.21B | -$483M | -$466M | -$400M | -$41M | -$71M | $100M | $7M | -$27M | -$19M | -$16M | -$31M | -$36M | $0 | -$10M | -$6M | -$10M | -$6M | -$9M | $0 | $22M | $0 | $0 | $0 | $6M | -$6M | -$11M | $194.9M |
| Net Cash from Financing | $2.06B | $1.34B | $883M | $1.46B | $315M | $796M | $3.1B | $654M | $421M | $1.36B | $277M | $217M | -$261M | -$443M | -$445M | -$586M | -$789M | -$84M | -$1.47B | -$203M | -$167M | -$312M | -$1.04B | $6M | $1.68B | -$411M | -$426M | $254M | -$219M | -$473.7M | -$333.7M |
| 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 |
| Net Change in Cash | $162M | $37M | $8M | $8M | -$481M | $423M | $17M | -$13M | -$24M | $76M | -$11M | -$4M | -$13M | -$3M | $3M | $13M | -$34M | -$48M | -$13M | $59M | $32M | $2M | -$79M | -$135M | $204M | $20M | -$97M | $85M | $46M | -$11.9M | $56.8M |
| Supplementary Data | |||||||||||||||||||||||||||||||
| Operating Cash Flow | $3.43B | $3.64B | $3.22B | $1.98B | $3.07B | $3.7B | $2.65B | $2.68B | $2.12B | $2.08B | $1.91B | $1.84B | $2.15B | $2.21B | $2.01B | $1.82B | $1.82B | $1.56B | $1.13B | $1.46B | $1B | $995M | $950M | $974M | $811M | $1.02B | $1.1B | $868M | $1.01B | $1.08B | $912.9M |
| Capital Expenditure | -$4.43B | -$4.47B | -$3.93B | -$3.38B | -$3.77B | -$3.86B | -$3B | -$2.71B | -$2.25B | -$2.04B | -$2.02B | -$2.05B | -$1.88B | -$1.82B | -$1.48B | -$1.1B | -$1.03B | -$1.37B | -$1.3B | -$1.4B | -$1.06B | -$904M | -$751M | -$984M | -$1.1B | -$587M | -$739M | -$555M | -$667M | -$530.5M | -$453.8M |
| Free Cash Flow | -$1B | -$824M | -$714M | -$1.4B | -$705M | -$160M | -$348M | -$33M | -$133M | $39M | -$104M | -$210M | $278M | $389M | $524M | $726M | $784M | $186M | -$174M | $53M | -$64M | $91M | $199M | -$10M | -$285M | $431M | $358M | $313M | $339M | $548.1M | $459.1M |
| Cash at Beginning | $88M | $51M | $43M | $35M | $516M | $93M | $76M | $89M | $113M | $37M | $48M | $52M | $65M | $68M | $65M | $52M | $86M | $123M | $136M | $88M | $56M | $54M | $133M | $268M | $64M | $4M | $130M | $45M | $53M | $64.9M | $8.1M |
| Cash at End | $250M | $88M | $51M | $43M | $35M | $516M | $93M | $76M | $89M | $113M | $37M | $48M | $52M | $65M | $68M | $65M | $52M | $86M | $123M | $147M | $88M | $56M | $54M | $133M | $268M | $24M | $33M | $130M | $99M | $53M | $64.9M |