ENTERPRISE PRODUCTS PARTNERS L.P. (EPD)
Enterprise Products Partners L.P. delivers essential midstream energy services, connecting both producers and consumers of diverse commodities such as natural gas, natural gas liquids (NGLs), crude oil, petrochemicals, and refined products. Its operations are structured across four distinct business segments: NGL Pipelines & Services, Crude Oil Pipelines & Services, Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services. The NGL Pipelines & Services division focuses on natural gas processing and associated NGL marketing. This segment oversees 19 natural gas processing facilities situated across Colorado, Louisiana, Mississippi, New Mexico, Texas, and Wyoming. Furthermore, it manages an extensive network of NGL pipelines, fractionation plants, storage sites for NGLs and related products, and NGL marine export/import terminals. Within the Crude Oil Pipelines & Services segment, the company manages crude oil pipelines, along with storage and marine terminals. A notable asset in this segment is its fleet of 255 tractor-trailer tank trucks, crucial for crude oil transportation. It also actively participates in crude oil marketing. The Natural Gas Pipelines & Services segment is dedicated to the gathering, treatment, and transmission of natural gas through its pipeline systems. This includes leasing underground salt dome natural gas storage facilities in Napoleonville, Louisiana, and owning a similar underground salt dome storage cavern in Wharton County, Texas. Natural gas marketing also forms part of its activities. Finally, the Petrochemical & Refined Products Services segment handles propylene fractionation and related marketing efforts. Its capabilities extend to butane isomerization complexes and associated deisobutanizer operations, as well as facilities for octane enhancement and the production of high-purity isobutylene. This segment additionally operates refined products pipelines and terminals, and ethylene export terminals, complementing these with refined products marketing and marine transportation solutions. Established in 1968, Enterprise Products Partners L.P. maintains its corporate headquarters in Houston, Texas.
Sector: Natural Gas Transmission
Industry: Oil & Gas Midstream
Enterprise Products Partners L.P.
NYSE:EPDEnergy · Oil & Gas Midstream
+1.53%$37.08
AH Close$37.08+0.00%vs close
AH Close$37.08+0.00%vs close
Mkt Cap$80.07B
Float754.33M
O/S2.16B
Inst Own24.4%
Div Yield5.95%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$52.6B
Net Income$5.81B
Total Assets$77.9B
Free Cash Flow$2.96B
Debt & Equity
Debt 54%
Equity 46%
Preferred 0%
Total Debt$34.93B
Total Equity$29.74B
Preferred Stock$50M
Shares Outstanding
Short Interest
Split History1 split
- 2:1Forward splitAug 22, 20141 share → 2
Balance Sheet Details
Assets$77.9B
Liabilities$47.41B
Accounts Receivable$6.5B
Accounts Payable$1.24B
Inventory$3.88B
PP&E (Net)$51.8B
Goodwill$5.71B
Intangible Assets$4.16B
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Revenue | $52.6B | $56.22B | $49.72B | $58.19B | $40.81B | $27.2B | $32.79B | $36.53B | $29.24B | $23.02B | $27.03B | $47.95B | $47.73B | $42.58B | $44.31B | $33.74B | $25.51B | $21.91B | $16.95B | $13.99B | $12.26B | $8.32B | $5.35B | $3.58B | $3.18B | $3.05B | $1.35B | $738.9M |
| YoY Growth | -6.4% | 13.1% | -14.6% | 42.6% | 50.0% | -17.0% | -10.3% | 24.9% | 27.0% | -14.8% | -43.6% | 0.5% | 12.1% | -3.9% | 31.3% | 32.3% | 16.5% | 29.2% | 21.2% | 14.1% | 47.3% | 55.6% | 49.1% | 12.7% | 4.3% | 126.4% | 82.2% | - |
| Cost of Revenue | $45.44B | $48.99B | $43B | $51.46B | $34.86B | $21.48B | $27.01B | $31.35B | $25.52B | $19.59B | $23.51B | $44.28B | $44.16B | $39.33B | $41.32B | $31.45B | $23.57B | $20.46B | $16.01B | $13.09B | $11.55B | $7.9B | $5.05B | $3.38B | $2.86B | $2.76B | $1.18B | $667M |
| Gross Profit | $7.16B | $7.22B | $6.72B | $6.72B | $5.95B | $5.71B | $5.78B | $5.18B | $3.72B | $3.43B | $3.52B | $3.67B | $3.57B | $3.25B | $2.99B | $2.29B | $1.95B | $1.44B | $941.07M | $901.88M | $710.73M | $416.87M | $299.65M | $202.22M | $317.98M | $288.98M | $170.2M | $71.9M |
| Gross Margin | 13.6% | 12.8% | 13.5% | 11.6% | 14.6% | 21.0% | 17.6% | 14.2% | 12.7% | 14.9% | 13.0% | 7.7% | 7.5% | 7.6% | 6.8% | 6.8% | 7.6% | 6.6% | 5.6% | 6.4% | 5.8% | 5.0% | 5.6% | 5.6% | 10.0% | 9.5% | 12.6% | 9.7% |
| 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 |
| Selling, General, and Administrative | $251M | $244M | $229M | $241M | $209M | $220M | $211.6M | $208.3M | $181.1M | $160.1M | $192.6M | $206M | $188.3M | $170.3M | $181.8M | $204.8M | $172.3M | $90.55M | $87.69M | $63.39M | $62.27M | $46.66M | $37.59M | $42.89M | $30.3M | $28.34M | $12.5M | $18.2M |
| Other | $0 | -$358M | -$442M | -$423M | -$365M | $460M | -$511.9M | -$433.2M | -$388.2M | -$309.7M | -$211M | -$312M | -$89.7M | -$103.5M | $0 | $0 | -$92.3M | -$34.9M | -$29.66M | -$21.57M | -$14.55M | -$52.79M | $13.96M | -$35.25M | $0 | $41.02M | $25.3M | $19.2M |
| Total Operating Expenses | $251M | -$114M | -$213M | -$182M | -$156M | $680M | -$300.3M | -$224.9M | -$207.1M | -$149.6M | -$18.4M | -$106M | $98.6M | $66.8M | $181.8M | $204.8M | $121.1M | $102.3M | $58.04M | $41.83M | $47.72M | -$6.13M | $51.55M | $7.64M | $30.3M | $69.36M | $37.8M | $37.4M |
| Operating Income (EBIT) | $6.91B | $7.34B | $6.93B | $6.91B | $6.1B | $5.04B | $6.08B | $5.41B | $3.93B | $3.58B | $3.54B | $3.78B | $3.47B | $3.08B | $2.86B | $2.15B | $1.85B | $1.75B | $883.04M | $860.05M | $663.02M | $422.99M | $248.1M | $194.59M | $287.69M | $219.62M | $132.4M | $50.5M |
| Operating Margin | 13.1% | 13.1% | 13.9% | 11.9% | 15.0% | 18.5% | 18.5% | 14.8% | 13.4% | 15.6% | 13.1% | 7.9% | 7.3% | 7.2% | 6.5% | 6.4% | 7.3% | 8.0% | 5.2% | 6.1% | 5.4% | 5.1% | 4.6% | 5.4% | 9.0% | 7.2% | 9.8% | 6.8% |
| Interest Expense | $1.41B | $1.36B | $1.27B | $1.24B | $1.28B | $1.29B | $1.24B | $1.1B | $984.6M | $982.6M | $961.8M | $921M | $802.5M | $771.8M | $744.1M | $741.9M | $687.3M | $540.7M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Interest Income | $37M | $53M | $27M | $11M | $4.7M | $13.4M | $11.6M | $3.6M | $1.3M | $0 | $0 | $0 | $0 | $800K | $1.1M | $1.8M | $2.3M | $5.52M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | -$1.01B | -$1.3B | -$1.23B | -$1.21B | -$1.28B | -$1.27B | -$1.35B | -$1.11B | -$1.05B | -$1B | -$984.3M | -$919.1M | -$802.7M | -$667.5M | -$743.6M | -$737.4M | -$689M | -$528.5M | -$303.46M | -$229.97M | -$225.18M | -$153.63M | -$134.41M | -$94.23M | $27.72M | $30.94M | $3.1M | $1.6M |
| Income Before Tax (EBT) | $5.9B | $6.04B | $5.7B | $5.7B | $4.83B | $3.76B | $4.73B | $4.3B | $2.88B | $2.58B | $2.56B | $2.86B | $2.66B | $2.41B | $2.12B | $1.41B | $1.17B | $1.22B | $579.57M | $630.09M | $437.84M | $269.37M | $113.7M | $100.08M | $315.4M | $250.55M | $135.5M | $52.1M |
| Income Tax Expense | $23M | $65M | $44M | $82M | $70M | -$124M | $45.6M | $60.3M | $25.7M | $23.4M | -$2.5M | $23.1M | $57.5M | -$17.2M | $27.2M | $26.1M | $25.3M | $31M | $15.26M | $21.32M | $8.36M | $3.76M | $5.29M | $1.63M | $70.87M | -$891K | $12.1M | $24.3M |
| Net Income | $5.81B | $5.9B | $5.53B | $5.49B | $4.64B | $3.78B | $4.59B | $4.17B | $2.8B | $2.51B | $2.52B | $2.79B | $2.6B | $2.42B | $2.05B | $320.8M | $204.1M | $954.02M | $533.67M | $601.15M | $419.51M | $268.26M | $104.55M | $91.94M | $242.18M | $220.51M | $120.3M | $10.2M |
| Net Income Margin | 11.1% | 10.5% | 11.1% | 9.4% | 11.4% | 13.9% | 14.0% | 11.4% | 9.6% | 10.9% | 9.3% | 5.8% | 5.4% | 5.7% | 4.6% | 1.0% | 0.8% | 4.4% | 3.1% | 4.3% | 3.4% | 3.2% | 2.0% | 2.6% | 7.6% | 7.2% | 8.9% | 1.4% |
| Supplementary Data | ||||||||||||||||||||||||||||
| EPS | 2.66 | 2.69 | 2.53 | 2.50 | 2.11 | 1.71 | 2.10 | 1.92 | 1.30 | 1.19 | 1.25 | 1.44 | 1.39 | 1.35 | 1.24 | 0.19 | 0.19 | 0.92 | 0.48 | 0.61 | 0.46 | 0.44 | 0.21 | 0.28 | 1.19 | 1.18 | 0.66 | 0.04 |
| Diluted EPS | 2.66 | 2.69 | 2.52 | 2.50 | 2.10 | 1.71 | 2.09 | 1.91 | 1.30 | 1.19 | 1.25 | 1.44 | 1.39 | 1.35 | 1.19 | 0.19 | 0.19 | 0.92 | 0.48 | 0.61 | 0.46 | 0.44 | 0.21 | 0.24 | 1.19 | 1.18 | 0.66 | 0.04 |
| Weighted Average OS | 2.19B | 2.17B | 2.17B | 2.18B | 2.18B | 2.19B | 2.19B | 2.18B | 2.15B | 2.08B | 1.99B | 1.89B | 1.84B | 1.79B | 1.65B | 1.69B | 413.40M | 874.80M | 867.92M | 985.50M | 763.71M | 531.02M | 497.84M | 334.33M | 204.22M | 186.10M | 182.21M | 226.67M |
| EBITDA | $9.7B | $9.59B | $9.05B | $8.91B | $7.98B | $7.16B | $7.97B | $7.19B | $5.51B | $5.11B | $5.03B | $5.14B | $4.68B | $4.29B | $3.87B | $3.14B | $2.69B | $2.5B | $1.41B | $1.31B | $1.08B | $621.88M | $376.54M | $289.23M | $338.75M | $260.63M | $157.7M | $69.7M |
| EBITDA Margin | 18.4% | 17.1% | 18.2% | 15.3% | 19.6% | 26.3% | 24.3% | 19.7% | 18.8% | 22.2% | 18.6% | 10.7% | 9.8% | 10.1% | 8.7% | 9.3% | 10.5% | 11.4% | 8.3% | 9.4% | 8.8% | 7.5% | 7.0% | 8.1% | 10.7% | 8.5% | 11.7% | 9.4% |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Assets | ||||||||||||||||||||||||||||
| Current Assets | ||||||||||||||||||||||||||||
| Cash and Cash Equivalents | $1.25B | $583M | $180M | $76M | $2.82B | $1.06B | $334.7M | $344.8M | $5.1M | $63.1M | $19M | $74.4M | $56.9M | $16.1M | $19.8M | $65.5M | $55.3M | $61.7M | $39.72M | $22.62M | $42.1M | $24.56M | $44.32M | $22.57M | $137.82M | $60.41M | $5.2M | $24.1M |
| Short-Term Investments | $434M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $113.8M | $218.6M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $1.68B | $583M | $180M | $76M | $2.82B | $1.06B | $334.7M | $344.8M | $5.1M | $63.1M | $19M | $74.4M | $56.9M | $16.1M | $19.8M | $65.5M | $54.7M | $280.3M | $39.72M | $22.62M | $42.1M | $50.71M | $44.32M | $22.57M | $137.82M | $60.41M | $5.2M | $24.1M |
| Accounts Receivable | $6.5B | $9.24B | $7.77B | $6.97B | $6.99B | $4.81B | $4.88B | $3.66B | $4.36B | $3.33B | $2.57B | $3.83B | $5.48B | $4.35B | $4.55B | $3.84B | $3.14B | $2.06B | $2.01B | $1.32B | $1.45B | $1.08B | $462.55M | $399.42M | $261.3M | $415.62M | $318.4M | $72.8M |
| Inventory | $3.88B | $3.96B | $3.35B | $2.55B | $2.68B | $3.3B | $2.09B | $1.52B | $1.61B | $1.77B | $1.04B | $1.01B | $1.09B | $1.09B | $1.11B | $1.13B | $711.9M | $405M | $354.28M | $423.84M | $339.61M | $189.02M | $150.16M | $167.37M | $69.44M | $93.22M | $39.9M | $17.6M |
| Other Current Assets | $1.3B | $1.35B | $944M | $993M | $381M | $326.8M | $202.5M | $219.7M | $218.6M | $895.9M | $274.5M | $226M | $65.6M | $4.3M | $38.5M | $98.9M | $63.6M | $203.8M | $53.14M | $23.67M | $14.95M | $62.72M | $0 | $0 | $0 | $12.11M | $21M | $23.2M |
| Total Current Assets | $13.36B | $15.13B | $12.25B | $10.6B | $13.27B | $9.91B | $7.86B | $6.06B | $6.51B | $6.53B | $4.31B | $5.49B | $7.02B | $5.84B | $6.07B | $5.51B | $4.25B | $3.1B | $2.54B | $1.92B | $1.97B | $1.44B | $687.18M | $637.57M | $518.77M | $581.39M | $384.5M | $137.7M |
| Long-Term Assets | ||||||||||||||||||||||||||||
| Property, Plant & Equipment Net | $51.8B | $49.06B | $45.8B | $44.4B | $42.09B | $41.91B | $41.6B | $38.74B | $35.62B | $33.29B | $32.03B | $29.88B | $26.95B | $24.85B | $22.19B | $19.33B | $17.69B | $16.73B | $11.59B | $9.83B | $8.69B | $7.83B | $2.96B | $2.81B | $1.31B | $975.32M | $767.1M | $499.8M |
| Goodwill | $5.71B | $5.71B | $5.61B | $5.61B | $5.45B | $5.45B | $5.75B | $5.75B | $5.75B | $5.75B | $5.75B | $4.2B | $2.08B | $2.09B | $2.09B | $2.11B | $2.02B | $706.88M | $591.65M | $590.54M | $494.03M | $459.2M | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $4.16B | $4B | $3.77B | $3.96B | $3.15B | $3.31B | $3.45B | $3.61B | $3.69B | $3.86B | $4.04B | $4.3B | $1.46B | $1.57B | $1.66B | $1.84B | $1.06B | $855.42M | $917M | $1B | $913.63M | $980.6M | $351.32M | $359.21M | $202.23M | $92.87M | $61.6M | $0 |
| Long-Term Investments | $2.21B | $2.26B | $2.33B | $2.35B | $2.43B | $2.43B | $2.6B | $2.62B | $2.66B | $2.68B | $2.63B | $3.04B | $2.44B | $1.39B | $1.86B | $2.29B | $2.42B | $911.9M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $76M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $355K | $3.52M | $1.85M | $3.61M | $6.47M | $10.44M | $15.85M | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $664M | $997M | $1.22B | $1.18B | $1.14B | $1.1B | $472.5M | $202.8M | $196.4M | $86.7M | $58.3M | $184.4M | $189.4M | $196.7M | $256.7M | $278.3M | $248.2M | $261.35M | $970.68M | $638.66M | $519.28M | $597M | $790.37M | $406.81M | $403.4M | $301.82M | $281.8M | $103.5M |
| Total Long-Term Assets | $64.62B | $62.03B | $58.73B | $57.51B | $54.26B | $54.2B | $53.87B | $50.91B | $47.91B | $45.67B | $44.5B | $41.71B | $33.12B | $30.09B | $28.06B | $25.85B | $23.44B | $21.11B | $14.07B | $12.07B | $10.62B | $9.87B | $4.12B | $3.59B | $1.91B | $1.37B | $1.11B | $603.3M |
| 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 |
| Total Assets | $77.9B | $77.17B | $70.98B | $68.11B | $67.53B | $64.11B | $61.73B | $56.97B | $54.42B | $52.19B | $48.8B | $47.2B | $40.14B | $35.93B | $34.13B | $31.36B | $27.69B | $24.21B | $16.61B | $13.99B | $12.59B | $11.32B | $4.8B | $4.23B | $2.42B | $1.95B | $1.5B | $741M |
| Liabilities | ||||||||||||||||||||||||||||
| Current Liabilities | ||||||||||||||||||||||||||||
| Accounts Payable | $1.24B | $1.23B | $1.2B | $743M | $632M | $704.6M | $1B | $1.1B | $801.7M | $397.7M | $860.1M | $773.8M | $723.7M | $891.6M | $773M | $675.1M | $481.4M | $406.3M | $349.43M | $283.86M | $289.07M | $244.44M | $106.43M | $108.06M | $84.15M | $153.01M | $134.1M | $36.6M |
| Short-Term Debt | $1.72B | $1.15B | $1.3B | $1.74B | $1.4B | $1.32B | $1.98B | $1.5B | $2.85B | $2.58B | $1.86B | $2.21B | $1.13B | $1.55B | $500M | $282.3M | $0 | $0 | $0 | $0 | $0 | $15M | $240M | $15M | $0 | $0 | $129M | $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 |
| Current Unearned Revenue | $157M | $0 | $0 | $0 | $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 | $9.71B | $1.29B | $1.07B | $1.13B | $879.5M | $957.9M | $633.6M | $553M | $586.8M | $1.22B | $528.8M | $585.8M | $326.5M | $540.5M | $612.6M | $0 | $0 | $595.2M | $289.04M | $209.94M | $126.88M | $104.76M | $725.75M | $562.54M | $44.76M | $433.37M | $268M | $46.2M |
| Total Current Liabilities | $12.83B | $15.18B | $13.13B | $12.27B | $11.62B | $8.99B | $9.13B | $7.17B | $9.3B | $8.25B | $7.17B | $7.87B | $8.24B | $7.76B | $7.43B | $5.88B | $4.54B | $2.22B | $3.04B | $1.98B | $1.89B | $1.59B | $1.1B | $721.36M | $409.22M | $586.38M | $531.1M | $82.8M |
| Long-Term Liabilities | ||||||||||||||||||||||||||||
| Long-Term Debt | $32.81B | $30.75B | $27.45B | $26.55B | $28.14B | $28.54B | $25.64B | $24.68B | $21.71B | $21.12B | $20.68B | $19.16B | $16.23B | $14.66B | $14.03B | $13.28B | $12.43B | $11.64B | $6.91B | $5.3B | $4.83B | $4.27B | $1.9B | $2.23B | $855.28M | $403.85M | $166M | $90M |
| Long-Term Unearned Revenue | $261M | $284M | $326M | $320M | $250M | $198.2M | $197M | $210.3M | $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 | $702M | $656M | $611M | $600M | $518M | $464.7M | $100.4M | $80.4M | $58.5M | $52.7M | $46.1M | $66.6M | $60.8M | $22.5M | $91.2M | $78M | $71.7M | $66.1M | $21.36M | $13.72M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $333M | $350M | $384M | $329M | $220M | $216.9M | $663.8M | $541.3M | $578.4M | $503.9M | $411.5M | $411.1M | $172.3M | $205M | $352.8M | $220.6M | $159.7M | $110.5M | $73.75M | $86.12M | $84.49M | $63.52M | $14.08M | $7.67M | $8.06M | $15.61M | $300K | $0 |
| Total Long-Term Liabilities | $34.58B | $32.4B | $29.09B | $28.14B | $29.46B | $29.74B | $26.78B | $25.51B | $22.35B | $21.68B | $21.13B | $19.64B | $16.46B | $14.88B | $14.47B | $13.58B | $12.66B | $11.81B | $7B | $5.4B | $4.92B | $4.33B | $1.91B | $2.24B | $863.34M | $419.46M | $166.3M | $90M |
| 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 |
| Total Liabilities | $47.41B | $47.58B | $42.22B | $40.41B | $41.09B | $38.73B | $35.91B | $32.68B | $31.65B | $29.93B | $28.3B | $27.51B | $24.7B | $22.64B | $21.91B | $19.46B | $17.21B | $14.92B | $10.05B | $7.38B | $6.81B | $5.92B | $3.01B | $2.96B | $1.27B | $1.01B | $697.4M | $172.8M |
| Stockholders' Equity | ||||||||||||||||||||||||||||
| Preferred Stock | $50M | $0 | $0 | $0 | $49M | $49.3M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $30.7B | $29.79B | $28.66B | $27.55B | $26.34B | $25.77B | $24.69B | $23.8B | $22.72B | $22.33B | $20.51B | $18.3B | $15.57B | $13.56B | $12.46B | $11.41B | $1.97B | $6.06B | $5.98B | $6.33B | $5.56B | $5.22B | $1.68B | $1.21B | $1.14B | $931.28M | $786.3M | $556.9M |
| Retained Earnings | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $10M |
| Comprehensive Income & Other | $336M | $236M | $307M | $365M | $286M | -$165.2M | $71.4M | $50.9M | -$171.7M | -$280M | -$219.2M | -$241.6M | -$359M | -$370.4M | -$351.4M | -$32.5M | -$8.4M | $48.1M | $154.7M | $150.32M | $117.97M | $120.18M | $39.34M | $8.66M | $11.53M | $9.4M | $7.9M | -$220.5M |
| Other Stockholders' Equity | -$961M | -$1.06B | -$990M | -$932M | -$1.01B | -$1.41B | $71.4M | $50.9M | -$171.7M | -$280M | -$219.2M | -$241.6M | -$359M | -$370.4M | -$351.4M | -$32.5M | -$33.3M | -$97.2M | $154.7M | $150.32M | $117.97M | $5.04M | $22.82M | -$9.14M | $5.31M | $4.68M | $3.2M | -$4.4M |
| Total Equity | $29.74B | $28.73B | $27.67B | $26.62B | $25.33B | $24.35B | $24.76B | $23.85B | $22.55B | $22.05B | $20.3B | $18.06B | $15.21B | $13.19B | $12.11B | $11.37B | $1.94B | $5.97B | $6.13B | $6.48B | $5.68B | $5.22B | $1.71B | $1.2B | $1.15B | $935.96M | $789.5M | $562.5M |
| Minority Interest | $831M | $857M | $1.09B | $1.08B | $1.11B | $1.07B | $1.06B | $438.7M | $225.2M | $219M | $206M | $1.63B | $225.6M | $108.3M | $105.9M | $526.6M | $530.2M | $393.65M | $430.42M | $129.13M | $103.17M | $71.04M | $86.36M | $68.88M | $11.72M | $9.57M | $8.1M | $5.7M |
| Total Liabilities and Equity | $77.15B | $76.31B | $69.9B | $67.03B | $66.42B | $63.08B | $60.67B | $56.53B | $54.19B | $51.98B | $48.6B | $45.57B | $39.91B | $35.83B | $34.02B | $30.83B | $19.15B | $20.88B | $16.18B | $13.86B | $12.49B | $11.14B | $4.72B | $4.16B | $2.41B | $1.94B | $1.49B | $735.3M |
| Supplementary Data | ||||||||||||||||||||||||||||
| Total Debt | $34.93B | $32.26B | $29.07B | $28.64B | $29.87B | $30.19B | $27.8B | $26.18B | $24.57B | $23.7B | $22.54B | $21.36B | $17.35B | $16.2B | $14.53B | $13.56B | $12.43B | $11.64B | $6.91B | $5.3B | $4.83B | $4.28B | $2.14B | $2.25B | $855.28M | $403.85M | $295M | $90M |
| Net Debt | $33.68B | $31.68B | $28.89B | $28.56B | $27.05B | $29.13B | $27.46B | $25.83B | $24.56B | $23.63B | $22.52B | $21.29B | $17.29B | $16.19B | $14.51B | $13.5B | $12.37B | $11.58B | $6.87B | $5.27B | $4.79B | $4.26B | $2.1B | $2.22B | $717.46M | $343.44M | $289.8M | $65.9M |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Operating Activities | ||||||||||||||||||||||||||||
| Net Income | $5.88B | $5.97B | $5.66B | $5.62B | $4.76B | $3.89B | $4.69B | $4.24B | $2.86B | $2.55B | $2.56B | $2.83B | $2.61B | $2.43B | $2.09B | $1.38B | $1.14B | $1.19B | $533.67M | $601.15M | $419.51M | $268.26M | $104.55M | $95.5M | $242.18M | $220.51M | $120.3M | $37.4M |
| Depreciation & Amortization | $2.4B | $2.19B | $2.07B | $1.97B | $1.87B | $2.11B | $1.99B | $1.79B | $1.64B | $1.55B | $1.52B | $1.36B | $1.22B | $1.1B | $1.01B | $985.1M | $836.8M | $737.8M | $523.76M | $448.21M | $420.78M | $198.89M | $128.44M | $94.92M | $51.9M | $41.02M | $25.3M | $19.2M |
| Deferred Income Tax | $46M | $45M | $12M | $60M | $39.8M | -$147.6M | $20M | $21.4M | $6.1M | $6.6M | -$20.6M | $6.1M | $37.9M | -$66.2M | $12.1M | $7.9M | $4.5M | $6.2M | $8.31M | $14.43M | $8.59M | $9.61M | $10.53M | $2.08M | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $0 | $0 | $0 | $157M | $152M | $159M | $0 | $106.1M | $99.7M | $89.2M | $93.2M | $87.5M | $72.8M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | ||||||||||||||||||||||||||||
| Accounts Receivable | $2.75B | -$1.45B | -$806M | $118M | -$2.42B | $299.4M | -$1.25B | $727.9M | -$1.08B | -$678.6M | $1.28B | $1.69B | -$1.14B | $196.8M | -$716M | -$680.8M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $122M | -$598M | -$714M | $131M | $867.3M | -$1.42B | -$558M | $121.4M | $194.6M | -$871.8M | -$72.7M | -$105.6M | $38.6M | -$227.8M | $135.8M | -$437.5M | $0 | -$15.43M | -$14.05M | -$66.29M | -$148.85M | -$44.2M | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | -$128M | -$183M | $276M | -$109M | -$3.8M | -$1.5M | $23.9M | $69.7M | $122.6M | -$500K | -$87.7M | -$172.6M | $13.5M | -$50.2M | $44.2M | $150.7M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | -$2.87B | $1.73B | $689M | -$194M | $2.93B | $355M | $1.32B | -$902.8M | $791.9M | $1.37B | -$1.44B | -$1.52B | $990.1M | -$501.3M | $802.9M | $777.2M | $245.9M | -$342M | $455.36M | $149.71M | -$117.55M | -$49.52M | $120.89M | $92.66M | -$37.14M | $70.96M | $24.8M | -$300K |
| Total Working Capital Change | -$124M | -$505M | -$555M | -$54M | $1.37B | -$767.5M | -$457.4M | $16.2M | $32.2M | -$180.9M | -$323.3M | -$108.2M | -$97.6M | -$582.5M | $266.9M | -$190.4M | $250.1M | -$411.1M | $441.31M | $83.42M | -$266.39M | -$93.72M | $120.89M | $92.66M | -$37.14M | $70.96M | $24.8M | -$300K |
| Other Non-Cash Items | $392M | $411M | $383M | $287M | $324.7M | $651M | $278.7M | -$47.5M | $28.7M | $46.9M | $178.7M | -$17.2M | $27.7M | $6.7M | -$2.4M | $113.7M | $178.6M | $45.3M | $83.89M | $27.86M | $49.22M | -$3.79M | $60.3M | $44.6M | $26.39M | $28.21M | -$1.6M | -$76.6M |
| Net Cash from Operating | $8.59B | $8.12B | $7.57B | $8.04B | $8.51B | $5.89B | $6.52B | $6.13B | $4.67B | $4.07B | $4B | $4.16B | $3.87B | $2.89B | $3.33B | $2.3B | $2.41B | $1.57B | $1.59B | $1.18B | $631.71M | $379.24M | $424.7M | $329.76M | $283.33M | $360.69M | $168.8M | -$20.3M |
| Investing Activities | ||||||||||||||||||||||||||||
| Capital Expenditures | -$5.62B | -$4.54B | -$3.27B | -$1.96B | -$2.22B | -$3.29B | -$4.53B | -$4.22B | -$3.15B | -$2.98B | -$3.83B | -$2.89B | -$3.41B | -$3.62B | -$3.87B | -$2.04B | -$1.59B | -$1.98B | -$2.2B | -$1.34B | -$864.45M | -$155.79M | -$145.91M | -$74.14M | -$149.9M | -$243.91M | -$229.3M | -$8.4M |
| Acquisitions | $82M | -$949M | -$2M | -$3.21B | -$2.1M | -$15.6M | -$111.6M | -$150.6M | -$249.2M | -$953.5M | -$1.22B | -$3.14B | -$1.09B | -$609.5M | $0 | -$1.31B | -$107.3M | -$202.16M | -$35.79M | -$276.5M | -$326.6M | -$724.66M | -$37.35M | -$1.62B | -$225.66M | $0 | $0 | $0 |
| Purchases of Investments | -$2M | $0 | $0 | -$1M | -$2.1M | -$15.6M | -$111.6M | $0 | -$50.5M | $0 | $0 | $0 | $0 | $0 | -$30M | -$8M | -$18.8M | -$129.82M | -$332.91M | -$138.27M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $1M | $2.1M | $15.6M | $111.6M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $24.9M | $38.7M | $17.8M | $16M | $12.03M | $3.93M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $49M | $60M | $71M | $215M | $90.7M | $182.8M | $67.8M | $0 | $111M | $40.6M | $1.61B | $234.2M | $244.8M | $1.21B | $1.09B | $72.4M | $147.1M | -$111.31M | $100K | $62.62M | $60.66M | -$48.66M | -$473.71M | -$13.49M | -$115.65M | -$24.89M | -$35.9M | -$42.3M |
| Net Cash from Investing | -$5.49B | -$5.43B | -$3.2B | -$4.95B | -$2.13B | -$3.12B | -$4.58B | -$4.28B | -$3.29B | -$4.01B | -$3.44B | -$5.8B | -$4.26B | -$3.02B | -$2.78B | -$3.25B | -$1.55B | -$2.41B | -$2.55B | -$1.69B | -$1.13B | -$929.12M | -$656.98M | -$1.71B | -$491.21M | -$268.8M | -$265.2M | -$50.7M |
| Financing Activities | ||||||||||||||||||||||||||||
| Debt Repaid | -$2.51B | -$3.17B | -$452M | $1.25B | $333M | -$2.27B | -$1.46B | -$1.63B | -$855.7M | -$1.14B | -$1.21B | -$4.02B | -$1.17B | -$1.69B | -$948.3M | -$1.14B | $272.5M | -$2.73B | -$1.55B | -$462.33M | -$552.44M | -$125.63M | $106.79M | -$1.33B | -$449.72M | $490M | -$195.1M | $167.4M |
| Common Stock Issuance | $0 | $0 | $0 | $0 | $0 | $31.5M | $82.2M | $538.4M | $1.07B | $2.54B | $1.19B | $388.8M | $1.79B | $816.8M | $542.9M | $528.5M | $0 | $142.8M | $69.22M | $857.19M | $646.93M | $854.47M | $676.37M | $180.67M | $22.6M | $599M | $0 | $0 |
| Common Stock Repurchases | -$300M | -$219M | -$188M | -$250M | -$214M | -$186M | -$81.1M | -$30.8M | $0 | $0 | $0 | $0 | $0 | $0 | -$10.7M | -$3.8M | -$2.1M | -$1.9M | $0 | $0 | $0 | $0 | $0 | -$12.79M | -$18M | -$770K | -$4.7M | $0 |
| Dividends Paid | -$4.68B | -$4.51B | -$4.3B | -$4.09B | -$3.93B | -$3.89B | -$3.84B | -$3.73B | -$3.57B | -$3.3B | -$2.94B | -$2.64B | -$2.4B | -$2.18B | -$1.97B | -$307.7M | -$266.7M | -$1.04B | -$957.71M | -$843.29M | -$716.7M | -$438.76M | -$318.03M | -$218.19M | -$166M | -$141.01M | -$111.8M | -$21.6M |
| Other Financing Activities | -$219M | -$602M | -$221M | -$243M | -$78M | -$241.9M | $437.5M | $82.8M | -$86.7M | -$61.9M | -$74.8M | -$117.5M | -$131.1M | -$200.7M | -$115.5M | -$399.7M | $1.05B | -$658.63M | $317.97M | $18.75M | $33.56M | $2.64M | -$2.63M | -$20.35M | -$8.77M | -$3.94M | -$1.1M | $250.2M |
| Net Cash from Financing | -$2.69B | -$2.16B | -$4.26B | -$5.84B | -$4.57B | -$2.02B | -$1.95B | -$1.5B | -$1.73B | $321.7M | -$616M | $1.65B | $432.8M | $124.2M | -$598.6M | $961.1M | -$837.1M | $1.17B | $979.36M | $494.97M | $516.23M | $543.97M | $248.92M | $1.26B | $279.55M | -$36.71M | $77.5M | $61.2M |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $700K | -$145.3M | $161.73M | $414K | -$232K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $14.9M |
| Net Change in Cash | $407M | $518M | $114M | -$2.76B | $1.81B | $748.1M | -$100K | $339.8M | -$347.3M | $44.1M | -$55.4M | $17.5M | $40.8M | -$3.7M | -$45.7M | $10.2M | -$146.6M | $172.63M | $17.1M | -$19.48M | $17.54M | -$5.91M | $16.65M | -$118.25M | $71.66M | $55.18M | -$18.9M | $5.1M |
| Supplementary Data | ||||||||||||||||||||||||||||
| Operating Cash Flow | $8.59B | $8.12B | $7.57B | $8.04B | $8.51B | $5.89B | $6.52B | $6.13B | $4.67B | $4.07B | $4B | $4.16B | $3.87B | $2.89B | $3.33B | $2.3B | $2.41B | $1.57B | $1.59B | $1.18B | $631.71M | $379.24M | $424.7M | $329.76M | $283.33M | $360.69M | $168.8M | -$20.3M |
| Capital Expenditure | -$5.62B | -$4.54B | -$3.27B | -$1.96B | -$2.22B | -$3.29B | -$4.53B | -$4.22B | -$3.15B | -$3.03B | -$3.83B | -$2.89B | -$3.41B | -$3.62B | -$3.87B | -$2.04B | -$1.59B | -$1.98B | -$2.2B | -$1.34B | -$864.45M | -$155.79M | -$145.91M | -$74.14M | -$149.9M | -$243.91M | -$229.3M | -$8.4M |
| Free Cash Flow | $2.96B | $3.57B | $4.3B | $6.08B | $6.29B | $2.6B | $1.99B | $1.9B | $1.52B | $1.04B | $171.7M | $1.27B | $457.3M | -$731M | -$537M | $259.2M | $791.5M | -$747.52M | -$606.09M | -$166M | -$232.75M | $223.44M | $278.79M | $255.63M | $133.43M | $116.78M | -$60.5M | -$28.7M |
| Cash at Beginning | $838M | $320M | $206M | $2.96B | $1.16B | $410M | $410.1M | $70.3M | $417.6M | $19M | $74.4M | $56.9M | $16.1M | $19.8M | $65.5M | $55.3M | $61.7M | $39.72M | $22.62M | $42.1M | $24.56M | $30.47M | $13.82M | $132.07M | $60.41M | $5.23M | $24.1M | $18.9M |
| Cash at End | $1.25B | $838M | $320M | $206M | $2.96B | $1.16B | $410M | $410.1M | $70.3M | $63.1M | $19M | $74.4M | $56.9M | $16.1M | $19.8M | $65.5M | $54.7M | $35.37M | $39.72M | $22.62M | $42.1M | $24.56M | $30.47M | $13.82M | $132.07M | $60.41M | $5.2M | $24M |