Edwards Lifesciences Corp (EW)
Edwards Lifesciences Corporation is a global medical technology firm specializing in sophisticated products and technologies for structural heart conditions, alongside critical care and surgical patient monitoring. With operations spanning the United States, Europe, Japan, and various international territories, the company offers a comprehensive suite of solutions. Their structural heart disease portfolio encompasses transcatheter heart valve replacement systems designed for minimally invasive procedures, as well as transcatheter repair and replacement options specifically targeting mitral and tricuspid valve pathologies, exemplified by their PASCAL and Cardioband systems. Additionally, they provide advanced surgical structural heart solutions, including the INSPIRIS aortic surgical valve, the KONECT RESILIA pre-assembled aortic tissue valved conduit for complex valve, root, and ascending aorta replacements, and the HARPOON Beating Heart Mitral Valve Repair System for patients suffering from degenerative mitral regurgitation. In the realm of critical care, Edwards supplies advanced hemodynamic monitoring systems that assess patients' cardiac function and fluid status in both surgical and intensive care environments. This offering also features the Acumen Hypotension Prediction Index software, which provides early alerts to clinicians regarding potential dangerously low blood pressure. The company distributes its products to healthcare providers through a combination of its proprietary sales force and independent distributor networks. Founded in 1958, Edwards Lifesciences Corporation maintains its headquarters in Irvine, California.
Sector: Orthopedic, Prosthetic & Surgical Appliances & Supplies
Industry: Medical - Devices
Edwards Lifesciences Corporation
NYSE:EWHealthcare · Medical - Devices
-2.57%$92.01
AH$92.01+0.00%vs close
Mkt Cap$53.03B
Float571.02M
O/S576.4M
Vol
$ Vol
RVOL
Inst Own89.8%
SI1.6%
Earnings
Dilution
Financials Summary
Revenue$6.07B
Net Income$1.07B
Total Assets$13.7B
Free Cash Flow$1.33B
Debt & Equity
Debt 6%
Equity 94%
Total Debt$705.4M
Total Equity$10.34B
Shares Outstanding
Short Interest
Split History3 splits
- 3:1Forward splitJun 1, 20201 share → 3
- 2:1Forward splitDec 14, 20151 share → 2
- 2:1Forward splitMay 28, 20101 share → 2
Balance Sheet Details
Assets$13.7B
Liabilities$3.36B
Accounts Receivable$912.1M
Accounts Payable$227.5M
Inventory$1.13B
PP&E (Net)$1.91B
Goodwill$1.77B
Intangible Assets$1.13B
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Revenue | $6.07B | $5.44B | $5.01B | $5.38B | $5.23B | $4.39B | $4.35B | $3.72B | $3.44B | $2.96B | $2.49B | $2.32B | $2.05B | $1.9B | $1.68B | $1.45B | $1.32B | $1.24B | $1.09B | $1.04B | $997.9M | $931.5M | $860.5M | $704M | $692M | $804M | $905M |
| YoY Growth | 11.5% | 8.6% | -6.9% | 2.9% | 19.3% | 0.9% | 16.8% | 8.4% | 15.9% | 18.8% | 7.4% | 13.6% | 7.7% | 13.2% | 16.0% | 9.5% | 6.8% | 13.4% | 5.2% | 3.9% | 7.1% | 8.3% | 22.2% | 1.7% | -13.9% | -11.2% | - |
| Cost of Revenue | $1.33B | $1.12B | $1.04B | $1.17B | $1.23B | $1.1B | $1.16B | $922.1M | $882.9M | $805.8M | $684.3M | $631.2M | $543.9M | $506.8M | $460.8M | $410.1M | $404.1M | $408.9M | $381.3M | $383.3M | $374.6M | $370.2M | $359.4M | $299.1M | $324M | $423M | $466M |
| Gross Profit | $4.74B | $4.32B | $3.97B | $4.22B | $4.01B | $3.29B | $3.19B | $2.8B | $2.55B | $2.16B | $1.81B | $1.69B | $1.5B | $1.39B | $1.22B | $1.04B | $917.3M | $828.8M | $709.8M | $653.7M | $623.3M | $561.3M | $501.1M | $404.9M | $368M | $381M | $439M |
| Gross Margin | 78.1% | 79.5% | 79.3% | 78.3% | 76.6% | 74.9% | 73.4% | 75.2% | 74.3% | 72.8% | 72.6% | 72.8% | 73.4% | 73.3% | 72.5% | 71.7% | 69.4% | 67.0% | 65.1% | 63.0% | 62.5% | 60.3% | 58.2% | 57.5% | 53.2% | 47.4% | 48.5% |
| Research and Development | $1.08B | $1.05B | $962.9M | $945.2M | $903.1M | $760.7M | $752.7M | $622.2M | $552.6M | $442.2M | $383.1M | $346.5M | $323M | $291.3M | $246.3M | $204.4M | $175.5M | $139.2M | $122.3M | $114.2M | $99M | $87M | $72.8M | $65.2M | $55M | $55M | $55M |
| Selling, General, and Administrative | $2.09B | $1.79B | $1.58B | $1.57B | $1.49B | $1.23B | $1.24B | $1.09B | $989.7M | $900.2M | $850.4M | $858M | $745.6M | $704.8M | $642.4M | $550M | $508.8M | $480.6M | $418M | $376M | $348.7M | $319.9M | $289.9M | $227.9M | $203M | $216M | $233M |
| Other | -$59.9M | $101.1M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $59.7M | $86M | $15M | $34M |
| Total Operating Expenses | $3.1B | $2.94B | $2.55B | $2.51B | $2.4B | $1.99B | $1.99B | $1.71B | $1.54B | $1.34B | $1.23B | $1.2B | $1.07B | $996.1M | $888.7M | $754.4M | $684.3M | $619.8M | $540.3M | $490.2M | $447.7M | $406.9M | $362.7M | $352.8M | $344M | $286M | $322M |
| Operating Income (EBIT) | $1.64B | $1.38B | $1.43B | $1.7B | $1.61B | $1.3B | $1.2B | $1.09B | $1.01B | $815.5M | $575.9M | $487.2M | $433M | $396.7M | $329.1M | $282.5M | $233M | $209M | $169.5M | $163.5M | $175.6M | $154.4M | $138.4M | $52.1M | $24M | $95M | $117M |
| Operating Margin | 27.0% | 25.3% | 28.5% | 31.6% | 30.8% | 29.5% | 27.6% | 29.3% | 29.4% | 27.5% | 23.1% | 21.0% | 21.2% | 20.9% | 19.6% | 19.5% | 17.6% | 16.9% | 15.5% | 15.8% | 17.6% | 16.6% | 16.1% | 7.4% | 3.5% | 11.8% | 12.9% |
| Interest Expense | $0 | $19.8M | $17.6M | $26.2M | $24.8M | $22.2M | $27.3M | $33.4M | $23.2M | $18M | $18.4M | $21.6M | $5.8M | $4.4M | $3.1M | $2.4M | $2.7M | $7.2M | $9.1M | $10.5M | $12.3M | $14.2M | $13.2M | $11.5M | $23M | $0 | $0 |
| Interest Income | $148.4M | $120.3M | $67.2M | $35.5M | $17.4M | $23.4M | $32.2M | $32M | $20.3M | $10.8M | $7.9M | $6.4M | $4.6M | $4.8M | $3.4M | $900K | $1.6M | $6.1M | $7.7M | $7.8M | $2.6M | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | -$363.3M | $169.4M | -$54.9M | $65M | $91.6M | -$379.3M | -$31.4M | -$330.9M | $24.8M | -$77.6M | $46.5M | $656.8M | $82.3M | -$5.6M | -$45.5M | -$14.3M | $71.4M | -$44.6M | -$19.7M | $8.8M | -$58.9M | -$124.3M | -$45.6M | $3.9M | -$33.1M | -$354M | -$4M |
| Income Before Tax (EBT) | $1.27B | $1.55B | $1.37B | $1.77B | $1.7B | $916.7M | $1.17B | $761.4M | $1.03B | $737.9M | $622.4M | $1.14B | $515.3M | $391.1M | $283.6M | $268.2M | $304.4M | $164.4M | $149.8M | $172.3M | $116.7M | $30.1M | $92.8M | $56M | -$9M | -$259M | $113M |
| Income Tax Expense | $216.9M | $152.1M | $152.4M | $245.5M | $198.9M | $93.3M | $119.6M | $39.2M | $451.3M | $168.4M | $127.5M | $332.9M | $123.6M | $97.9M | $46.9M | $50.2M | $75.3M | $35.5M | $36.8M | $41.8M | $37.4M | $28.4M | $13.8M | $300K | $1M | $13M | $31M |
| Net Income | $1.07B | $4.17B | $1.4B | $1.52B | $1.5B | $823.4M | $1.05B | $722.2M | $622.1M | $569.5M | $494.9M | $811.1M | $391.7M | $293.2M | $236.7M | $218M | $229.1M | $128.9M | $113M | $130.5M | $79.3M | $1.7M | $79M | $55.7M | -$12M | -$272M | $82M |
| Net Income Margin | 17.7% | 76.7% | 28.0% | 28.3% | 28.7% | 18.8% | 24.1% | 19.4% | 18.1% | 19.2% | 19.8% | 34.9% | 19.1% | 15.4% | 14.1% | 15.1% | 17.3% | 10.4% | 10.4% | 12.6% | 7.9% | 0.2% | 9.2% | 7.9% | -1.7% | -33.8% | 9.1% |
| Supplementary Data | |||||||||||||||||||||||||||
| EPS | 1.84 | 6.98 | 2.31 | 2.46 | 2.41 | 1.32 | 1.68 | 1.15 | 0.98 | 0.89 | 0.77 | 1.27 | 0.59 | 0.43 | 0.35 | 0.32 | 0.34 | 0.19 | 0.16 | 0.19 | 0.11 | 0.00 | 0.11 | 0.08 | -0.02 | -0.39 | 0.12 |
| Diluted EPS | 1.83 | 6.97 | 2.30 | 2.44 | 2.38 | 1.30 | 1.64 | 1.13 | 0.96 | 0.87 | 0.75 | 1.25 | 0.57 | 0.41 | 0.33 | 0.31 | 0.33 | 0.18 | 0.16 | 0.18 | 0.11 | 0.00 | 0.11 | 0.08 | -0.02 | -0.39 | 0.12 |
| Weighted Average OS | 584.80M | 597.70M | 606.70M | 619.00M | 623.30M | 622.60M | 624.90M | 627.60M | 632.70M | 639.00M | 646.50M | 639.00M | 670.20M | 689.40M | 687.60M | 682.20M | 675.60M | 669.60M | 687.60M | 702.00M | 715.20M | 715.20M | 709.20M | 708.00M | 706.80M | 697.07M | 697.07M |
| EBITDA | $1.43B | $1.72B | $1.53B | $1.93B | $1.86B | $1.05B | $1.28B | $872.2M | $1.14B | $827.1M | $706.6M | $1.23B | $589.8M | $452.8M | $344.7M | $327.1M | $365.8M | $227.2M | $213.7M | $239.6M | $185.2M | $100M | $184M | $92.5M | $81.1M | $169M | $201M |
| EBITDA Margin | 23.6% | 31.7% | 30.6% | 35.9% | 35.6% | 23.8% | 29.5% | 23.4% | 33.2% | 27.9% | 28.3% | 53.1% | 28.8% | 23.8% | 20.5% | 22.6% | 27.7% | 18.4% | 19.6% | 23.1% | 18.6% | 10.7% | 21.4% | 13.1% | 11.7% | 21.0% | 22.2% |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Assets | |||||||||||||||||||||||||||
| Current Assets | |||||||||||||||||||||||||||
| Cash and Cash Equivalents | $2.94B | $3.05B | $1.13B | $769M | $862.8M | $1.18B | $1.18B | $714.1M | $818.3M | $930.1M | $718.4M | $653.8M | $420.4M | $310.9M | $171.2M | $396.1M | $334.1M | $218.7M | $141.8M | $182.8M | $178.6M | $48.9M | $61.1M | $34.2M | $48M | $28M | $0 |
| Short-Term Investments | $1.29B | $930.7M | $500.5M | $446.3M | $604M | $219.4M | $337.8M | $242.4M | $519.2M | $341M | $506.3M | $785M | $516.5M | $210.5M | $279.3M | $0 | $0 | $8.1M | $49.4M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $4.23B | $3.98B | $1.63B | $1.22B | $1.47B | $1.4B | $1.52B | $956.5M | $1.34B | $1.27B | $1.22B | $1.44B | $936.9M | $521.4M | $450.5M | $396.1M | $334.1M | $226.8M | $191.2M | $182.8M | $178.6M | $48.9M | $61.1M | $34.2M | $48M | $28M | $0 |
| Accounts Receivable | $912.1M | $727.4M | $828.1M | $699.1M | $664.9M | $602.8M | $599.1M | $537.3M | $479.3M | $414.6M | $371.8M | $325M | $328M | $347.5M | $320.7M | $302.5M | $272.1M | $204.7M | $145.3M | $127.1M | $118.5M | $119.4M | $118.5M | $108.4M | $100.6M | $129M | $0 |
| Inventory | $1.13B | $1.09B | $903.5M | $875.5M | $726.7M | $802.3M | $640.9M | $607M | $554.9M | $396.6M | $339.9M | $296.8M | $308.9M | $281M | $261.3M | $203.6M | $165.9M | $151.8M | $152.6M | $142.1M | $131.5M | $127.7M | $120.5M | $111.8M | $87M | $73M | $169M |
| Other Current Assets | $338.8M | $374.4M | $542.5M | $195.9M | $237.1M | $208.2M | $168M | $131.8M | $116.9M | $111.8M | $122.8M | $185.2M | $105.2M | $100.4M | $101M | $95M | $83.4M | $77.9M | $67.2M | $79.6M | $38.1M | $29.3M | $18.3M | $31M | $38.2M | $43M | $187M |
| Total Current Assets | $6.74B | $6.29B | $4.04B | $3.1B | $3.18B | $3.09B | $2.98B | $2.29B | $2.53B | $2.24B | $2.05B | $2.29B | $1.73B | $1.29B | $1.17B | $1.03B | $889.2M | $691.9M | $581.7M | $531.6M | $514.2M | $367.5M | $360.2M | $326.4M | $293M | $282M | $356M |
| Long-Term Assets | |||||||||||||||||||||||||||
| Property, Plant & Equipment Net | $1.91B | $1.78B | $1.68B | $1.73B | $1.64B | $1.49B | $1.14B | $867.5M | $679.7M | $580M | $482.5M | $442.9M | $421.6M | $373.3M | $304.3M | $269.8M | $252M | $230.1M | $228.2M | $213M | $201.9M | $201.7M | $209.9M | $209.4M | $187.8M | $183M | $226M |
| Goodwill | $1.77B | $1.78B | $1.15B | $1.16B | $1.17B | $1.17B | $1.17B | $1.11B | $1.13B | $626.1M | $628.3M | $376M | $385.4M | $384.7M | $349.8M | $315.2M | $315.2M | $315.7M | $350.3M | $337.7M | $337.7M | $0 | $0 | $0 | $402M | $0 | $839M |
| Intangible Assets | $1.13B | $1.18B | $399.4M | $285.2M | $323.6M | $331.4M | $336.5M | $343.2M | $468M | $204.8M | $205.4M | $23.4M | $33.5M | $67M | $66.9M | $67.1M | $86.7M | $96.9M | $122.5M | $116.1M | $137.7M | $490.3M | $419.2M | $398.8M | $402.4M | $511M | $0 |
| Long-Term Investments | $773.9M | $307.9M | $583.9M | $1.24B | $1.83B | $801.6M | $585.5M | $506.3M | $567M | $532.1M | $379.9M | $240.9M | $21.9M | $21.1M | $21.8M | $25M | $22.3M | $14.7M | $34M | $20M | $11M | $20.6M | $35.4M | $23.5M | $93M | $0 | $1M |
| Deferred Tax Assets | $1.14B | $992.1M | $749.4M | $484M | $246.7M | $230.9M | $172.2M | $174M | $167.1M | $203.8M | $180.5M | $153.7M | $79M | $47.3M | $20M | $44.5M | $37.1M | $37.7M | $13.8M | $14.5M | $11.5M | $22.3M | $59.3M | $38.8M | $0 | $0 | $0 |
| Other Long-Term Assets | $234.9M | $732.4M | $774.3M | $299.1M | $110.8M | $119.6M | $101.8M | $33.6M | $108.9M | $123.2M | $131.8M | $55M | $42.7M | $36.2M | $49.2M | $13M | $13M | $13.2M | $48.6M | $33.9M | $26.1M | $30.9M | $52.8M | $37.2M | $100.7M | $112M | $15M |
| Total Long-Term Assets | $6.96B | $6.77B | $5.33B | $5.2B | $5.32B | $4.15B | $3.5B | $3.04B | $3.16B | $2.27B | $2.01B | $1.23B | $998.9M | $929.6M | $812M | $734.6M | $726.3M | $708.3M | $763.4M | $715.2M | $714.9M | $745.2M | $741.2M | $681.8M | $680M | $806M | $1.08B |
| 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 |
| Total Assets | $13.7B | $13.06B | $9.36B | $8.29B | $8.5B | $7.24B | $6.49B | $5.32B | $5.7B | $4.51B | $4.06B | $3.52B | $2.72B | $2.22B | $1.98B | $1.77B | $1.62B | $1.4B | $1.35B | $1.25B | $1.23B | $1.11B | $1.1B | $1.01B | $973M | $1.09B | $1.44B |
| Liabilities | |||||||||||||||||||||||||||
| Current Liabilities | |||||||||||||||||||||||||||
| Accounts Payable | $227.5M | $197.4M | $186.6M | $201.9M | $204.5M | $196.5M | $180.4M | $134M | $116.6M | $97.1M | $63.9M | $58.2M | $48.4M | $74.7M | $85M | $47.6M | $51.1M | $65.6M | $63.9M | $57.2M | $194.2M | $195.4M | $167.2M | $177.3M | $183.5M | $177M | $0 |
| Short-Term Debt | $24.5M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $598M | $0 | $0 | $0 | $0 | $0 | $0 | $41.8M | $0 | $0 | $150M | $0 | $0 | $0 | $0 | $0 | $1.1M | $61M | $0 |
| Current Income Tax Payable | $0 | $374.7M | $106.5M | $96.2M | $99.5M | $68.3M | $104.3M | $70.8M | $139.7M | $41.2M | $49M | $41.8M | $38.7M | $40.5M | $37.5M | $22.3M | $35.9M | $6.2M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $27.2M | $53.7M | $0 | $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 | $874.5M | $442.7M | $530.2M | $305M | $342.7M | $290.5M | $338.9M | $434M | $349.1M | $234.1M | $219.2M | $209.3M | $135.4M | $123.2M | $121.8M | $0 | $0 | $0 | $0 | $37M | $0 | $0 | $0 | $0 | $0 | $0 | $156M |
| Total Current Liabilities | $1.81B | $1.51B | $1.2B | $1.02B | $1.03B | $893.9M | $902.4M | $876.6M | $1.4B | $532.5M | $476.2M | $434.4M | $345.6M | $347.4M | $335.2M | $337.8M | $290.5M | $258.5M | $375.4M | $226.2M | $194.2M | $195.4M | $167.2M | $197.9M | $184M | $219M | $156M |
| Long-Term Liabilities | |||||||||||||||||||||||||||
| Long-Term Debt | $598.3M | $597.7M | $597M | $596.3M | $595.7M | $595M | $594.4M | $593.8M | $438.4M | $822.3M | $596.9M | $598.1M | $593.1M | $189.3M | $150.4M | $0 | $90.3M | $175.5M | $61.7M | $235.9M | $316.1M | $267.1M | $255.8M | $245.5M | $309.8M | $367M | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $865M | $810.6M | $786.2M | $797.6M | $969.6M | $1.1B | $784.1M | $712.9M | $851.8M | $536.2M | $480.1M | $300.4M | $226.8M | $205.5M | $157M | $121.2M | $76.8M | $87.4M | $73M | $35.3M | $28.8M | $22.1M | $43.3M | $25.4M | $20M | $62M | $57M |
| Total Long-Term Liabilities | $1.55B | $1.49B | $1.45B | $1.46B | $1.63B | $1.77B | $1.44B | $1.31B | $1.3B | $1.36B | $1.08B | $898.5M | $819.9M | $394.8M | $307.4M | $121.2M | $167.1M | $262.9M | $134.7M | $271.2M | $344.9M | $289.2M | $299.1M | $270.9M | $330M | $429M | $57M |
| 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 |
| Total Liabilities | $3.36B | $2.99B | $2.64B | $2.49B | $2.67B | $2.66B | $2.34B | $2.18B | $2.7B | $1.89B | $1.56B | $1.33B | $1.17B | $742.2M | $642.6M | $459M | $457.6M | $521.4M | $510.1M | $497.4M | $539.1M | $484.6M | $466.3M | $468.8M | $514M | $648M | $213M |
| 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 |
| Common Stock | $658.7M | $654.8M | $650.5M | $646.3M | $642M | $636.4M | $218.1M | $215.2M | $212M | $242.6M | $239.1M | $128.9M | $126M | $124.2M | $120M | $117M | $76.1M | $73.7M | $68.6M | $67M | $65.6M | $64.2M | $62.6M | $60.2M | $59M | $59M | $0 |
| Retained Earnings | $14.24B | $13.17B | $8.99B | $7.59B | $6.07B | $4.57B | $3.74B | $2.69B | $2B | $3.91B | $3.34B | $2.84B | $2.05B | $1.65B | $1.36B | $1.12B | $906M | $676.9M | $548.6M | $433.9M | $303.4M | $224.1M | $222.4M | $143.4M | $88M | $103M | $418M |
| Comprehensive Income & Other | -$238.3M | -$244.5M | -$242.8M | -$254.9M | -$157.7M | -$161.1M | -$156M | -$138.5M | -$132.7M | -$198.4M | -$182.6M | -$100.9M | -$27.6M | -$37.9M | -$37.5M | -$42.1M | -$7.9M | -$35.4M | $7.5M | -$15.8M | -$22.2M | -$20.8M | -$32.2M | -$44.7M | $26M | $1M | $1.61B |
| Other Stockholders' Equity | -$4.56B | -$3.82B | -$2.99B | -$2.43B | -$874.2M | -$627.1M | $188.6M | $230.5M | $782.1M | -$1.53B | -$1.07B | -$779.4M | -$612.4M | -$298.8M | -$142.8M | $67.2M | $175.8M | $128.2M | $217.8M | $248.5M | $321M | $339.8M | $350.1M | $335.8M | $312M | $278M | $806M |
| Total Equity | $10.34B | $10B | $6.65B | $5.81B | $5.84B | $4.57B | $4.15B | $3.14B | $2.99B | $2.62B | $2.5B | $2.19B | $1.56B | $1.48B | $1.34B | $1.31B | $1.16B | $878.8M | $835M | $749.4M | $690M | $628.1M | $635.1M | $539.4M | $459M | $440M | $1.22B |
| Minority Interest | $0 | $64.5M | $69.4M | $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 | $13.7B | $12.99B | $9.29B | $8.29B | $8.5B | $7.24B | $6.49B | $5.32B | $5.7B | $4.51B | $4.06B | $3.52B | $2.72B | $2.22B | $1.98B | $1.77B | $1.62B | $1.4B | $1.35B | $1.25B | $1.23B | $1.11B | $1.1B | $1.01B | $973M | $1.09B | $1.44B |
| Supplementary Data | |||||||||||||||||||||||||||
| Total Debt | $705.4M | $700M | $685.1M | $691.3M | $690.3M | $694.9M | $678.8M | $593.8M | $1.04B | $822.3M | $596.9M | $598.1M | $593.1M | $189.3M | $150.4M | $41.8M | $90.3M | $175.5M | $211.7M | $235.9M | $316.1M | $267.1M | $255.8M | $245.5M | $310.9M | $428M | $0 |
| Net Debt | -$2.23B | -$2.35B | -$447.2M | -$77.7M | -$172.5M | -$488.3M | -$500.3M | -$120.3M | $218.1M | -$107.8M | -$121.5M | -$55.7M | $172.7M | -$121.6M | -$20.8M | -$354.3M | -$243.8M | -$43.2M | $69.9M | $53.1M | $137.5M | $218.2M | $194.7M | $211.3M | $263.2M | $400M | $0 |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Operating Activities | |||||||||||||||||||||||||||
| Net Income | $1.07B | $4.17B | $1.4B | $1.52B | $1.5B | $823.4M | $1.05B | $722.2M | $583.6M | $569.5M | $494.9M | $811.1M | $391.7M | $293.2M | $236.7M | $218M | $229.1M | $128.9M | $113M | $130.5M | $79.3M | $1.7M | $79M | $55.7M | -$11M | -$272M | $82M |
| Depreciation & Amortization | $156.6M | $155.2M | $144.9M | $139.6M | $134.8M | $107.2M | $89.3M | $77.4M | $81.9M | $71.2M | $65.8M | $68.6M | $68.7M | $57.3M | $58M | $56.5M | $58.7M | $55.6M | $54.8M | $56.8M | $56.2M | $55.7M | $45.6M | $40.4M | $57M | $74M | $84M |
| Deferred Income Tax | -$117.6M | -$323.4M | -$272.1M | -$254.5M | -$41.4M | -$49.4M | $12.1M | -$27.3M | $17.8M | -$37.4M | -$95M | -$71.1M | $100K | $8.1M | -$600K | -$11.2M | -$4M | -$23.5M | -$5.6M | $7.1M | -$13.8M | $800K | $5.3M | -$13.8M | -$30M | $0 | $0 |
| Stock-Based Compensation | $158.1M | $162.3M | $139.4M | $126.8M | $109.3M | $92.6M | $81.3M | $71M | $61.6M | $56.9M | $49.9M | $48.3M | $47.4M | $42.1M | $35M | $29.3M | $28.3M | $28.7M | $27.7M | $26.6M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | |||||||||||||||||||||||||||
| Accounts Receivable | -$23M | $121.2M | -$141.2M | -$84.1M | -$112.4M | $283.9M | -$94.8M | -$13M | -$3.9M | -$56.7M | -$38.3M | -$26.8M | $8.5M | -$26.5M | -$53.7M | -$34.2M | -$51.6M | -$68.5M | -$6.6M | $2.5M | -$12.6M | $7.1M | -$11M | -$32M | $0 | $0 | $0 |
| Inventory | $50.7M | -$256.1M | -$289M | -$213.4M | $19M | -$120.6M | -$105.4M | -$65.7M | -$124M | -$65.6M | -$67.7M | -$30.5M | -$44.4M | -$21.7M | -$57M | -$36.8M | -$13.1M | -$17.8M | -$9M | -$12.8M | -$12.9M | -$7.1M | $4.2M | $13.3M | -$7M | $15M | -$14M |
| Accounts Payable | $395.1M | $89.5M | $146M | -$21.4M | $195.2M | -$84.5M | -$63.5M | $192.5M | $85.2M | $74M | $29.4M | $112.9M | $50.3M | $41.9M | $61.7M | $63.6M | -$16.3M | $32.9M | $14M | -$3.9M | $25.1M | $13M | -$8.4M | -$17.6M | $0 | $0 | $0 |
| Other Working Capital | -$268.2M | -$213.9M | -$242.1M | -$102.5M | $43.5M | -$36.6M | $59.4M | -$156.4M | $276.9M | $114.4M | $141M | $134.7M | $7.1M | $17.8M | $19.3M | $6.3M | $12.7M | -$16.1M | $5.7M | -$700K | -$3.2M | -$10.2M | -$4.7M | $0 | $2M | -$27M | $13M |
| Total Working Capital Change | $154.6M | -$259.3M | -$526.3M | -$421.4M | $145.3M | $42.2M | -$204.3M | -$42.6M | $234.2M | $66.1M | $64.4M | $190.3M | $21.5M | $11.5M | -$29.7M | -$1.1M | -$68.3M | -$69.5M | $4.1M | -$14.9M | -$3.6M | $2.8M | -$19.9M | -$36.3M | -$5M | -$12M | -$1M |
| Other Non-Cash Items | $174.1M | -$3.36B | $7.5M | $105.8M | -$119M | $38.3M | $154.1M | $126.1M | $21.6M | -$21.9M | -$30.3M | -$24.9M | -$56.7M | -$38.4M | $15.1M | -$40.1M | -$78.5M | $33M | $16.2M | $24.7M | $18.7M | $119.6M | $12.3M | $74.6M | $8M | $347M | $11M |
| Net Cash from Operating | $1.6B | $542.3M | $895.8M | $1.22B | $1.73B | $1.05B | $1.18B | $926.8M | $1B | $704.4M | $549.7M | $1.02B | $472.7M | $373.8M | $314.5M | $251.4M | $165.3M | $153.2M | $210.2M | $230.8M | $136.8M | $180.6M | $122.3M | $120.6M | $101M | $137M | $176M |
| Investing Activities | |||||||||||||||||||||||||||
| Capital Expenditures | -$260.2M | -$282.4M | -$266.3M | -$264.8M | -$329.8M | -$407.3M | -$278.4M | -$241.7M | -$175.5M | -$217.4M | -$106.5M | -$93.7M | -$110.1M | -$127.7M | -$90.6M | -$63M | -$64M | -$78M | -$62.5M | -$59.4M | -$48.5M | -$42.5M | -$37.9M | -$40.7M | -$38M | -$46M | -$42M |
| Acquisitions | $0 | -$1.06B | -$95.2M | $0 | $329.8M | $407.3M | -$100.2M | -$6.2M | -$184.6M | -$5.7M | -$333.7M | -$24.1M | -$2.7M | -$35.8M | -$42.6M | -$1.2M | $64M | $69.6M | -$37M | $0 | $0 | -$137.7M | $0 | -$19M | $0 | $0 | -$7M |
| Purchases of Investments | -$3.14B | -$945.8M | -$105.5M | -$778.9M | -$1.89B | -$861.7M | -$603.1M | -$471.9M | -$1.35B | -$1.07B | -$1.32B | -$2.13B | -$824.6M | -$593.2M | -$645.6M | -$7.3M | -$7.4M | -$1.3M | -$57.3M | -$1.8M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $2.88B | $857.6M | $715.8M | $1.36B | $529.2M | $777M | $409.9M | $801.3M | $1.1B | $1.09B | $1.44B | $1.61B | $526.4M | $662.3M | $362.1M | $2.2M | $13.7M | $41M | $5.6M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | -$195.7M | $3.75B | -$75M | -$63.1M | -$359.3M | -$446.4M | -$24M | -$4.8M | -$43.1M | $1.2M | $2.4M | $3.1M | -$1.7M | $3.9M | $3.9M | $7.8M | $33.8M | $27.5M | $6.7M | $25.5M | $21.3M | $3.1M | -$25.4M | -$8.6M | $34M | -$29M | $0 |
| Net Cash from Investing | -$712.9M | $2.31B | $173.8M | $252.3M | -$1.72B | -$531.1M | -$595.8M | $76.7M | -$647.2M | -$211.7M | -$316.1M | -$633M | -$412.7M | -$90.5M | -$412.8M | -$61.5M | $40.1M | $58.8M | -$144.5M | -$35.7M | -$27.2M | -$177.1M | -$63.3M | -$68.3M | -$4M | -$75M | -$49M |
| Financing Activities | |||||||||||||||||||||||||||
| Debt Repaid | - | - | $300K | $200K | $1.8M | $800K | $10M | $437.3M | -$176.3M | -$222.1M | -$1.9M | $12.7M | -$409.6M | -$39.5M | -$104.4M | $48.4M | $84.6M | -$94.2M | $27.9M | $85.9M | -$59.1M | -$7.1M | $4M | $82.1M | $91M | -$441M | - |
| Common Stock Issuance | $174.1M | $0 | $0 | $0 | $0 | $0 | $160.5M | $147M | $113.8M | $103.3M | $87.2M | $113.3M | $45.5M | $100.1M | $59.5M | $92.1M | $66.7M | $63.8M | $38.7M | $33.5M | $26.2M | $30.5M | $36.6M | $13.7M | $0 | $4M | $0 |
| Common Stock Repurchases | -$893.4M | -$1.16B | -$879.6M | -$1.73B | -$512.8M | -$625.4M | -$263.3M | -$795.5M | -$763.3M | -$662.3M | -$280.1M | -$300.9M | -$496.9M | -$344.1M | -$303.4M | -$200M | -$95.5M | -$306.5M | -$130.9M | -$145.9M | -$53.5M | -$59.1M | -$49.4M | -$30.8M | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $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 Financing Activities | -$237.5M | $176.4M | $168.9M | $142.8M | $158.3M | $139.3M | $157.7M | $131.6M | $113.8M | $171.7M | $119.6M | $160.6M | $122.2M | $149M | $63.8M | $144.5M | $21.6M | $14.4M | $12M | $4.7M | -$2.8M | $1M | -$4.4M | $29.7M | $13M | -$482M | -$127M |
| Net Cash from Financing | -$956.8M | -$983M | -$711M | -$1.58B | -$356.3M | -$486.9M | -$115.6M | -$1.1B | -$473.2M | -$268.5M | -$158.6M | -$153M | $34.9M | -$155.6M | -$135.2M | -$103.9M | -$91.8M | -$134.1M | -$108.1M | -$193.6M | $29M | -$20.5M | -$15M | -$69.5M | -$78M | -$37M | -$127M |
| Forex Effect | -$44.8M | $38.6M | $16.8M | $19.2M | $13.9M | -$20.5M | -$3M | -$6.5M | $7.9M | -$12.5M | -$10.4M | -$2.9M | $14.6M | $12M | $8.6M | -$24M | $1.8M | -$1M | $1.4M | $2.7M | -$8.9M | $4.8M | -$17.1M | $3.7M | $1M | $3M | $0 |
| Net Change in Cash | -$119.3M | $1.91B | $375.4M | -$94.8M | -$332.8M | $15.8M | $465M | -$104.2M | -$111.8M | $211.7M | $64.6M | $233.4M | $109.5M | $139.7M | -$224.9M | $62M | $115.4M | $76.9M | -$41M | $4.2M | $129.7M | -$12.2M | $26.9M | -$13.5M | $20M | $28M | $0 |
| Supplementary Data | |||||||||||||||||||||||||||
| Operating Cash Flow | $1.6B | $542.3M | $895.8M | $1.22B | $1.73B | $1.05B | $1.18B | $926.8M | $1B | $704.4M | $549.7M | $1.02B | $472.7M | $373.8M | $314.5M | $251.4M | $165.3M | $153.2M | $210.2M | $230.8M | $136.8M | $180.6M | $122.3M | $120.6M | $101M | $137M | $176M |
| Capital Expenditure | -$260.2M | -$252.4M | -$266.3M | -$264.8M | -$329.8M | -$407.3M | -$278.4M | -$241.7M | -$175.5M | -$217.4M | -$106.5M | -$93.7M | -$110.1M | -$127.7M | -$90.6M | -$63M | -$64M | -$78M | -$62.5M | -$59.4M | -$48.5M | -$42.5M | -$37.9M | -$40.7M | -$38M | -$46M | -$42M |
| Free Cash Flow | $1.33B | $289.9M | $629.5M | $953.4M | $1.4B | $647M | $901M | $685.1M | $825.2M | $487M | $443.2M | $928.6M | $362.6M | $246.1M | $223.9M | $188.4M | $101.3M | $75.2M | $147.7M | $171.4M | $88.3M | $138.1M | $84.4M | $79.9M | $63M | $91M | $134M |
| Cash at Beginning | $3.06B | $1.15B | $772.6M | $867.4M | $1.2B | $1.18B | $714.1M | $818.3M | $930.1M | $718.4M | $653.8M | $420.4M | $310.9M | $171.2M | $396.1M | $334.1M | $218.7M | $141.8M | $182.8M | $178.6M | $48.9M | $61.1M | $34.2M | $47.7M | $28M | $0 | $0 |
| Cash at End | $2.94B | $3.06B | $1.15B | $772.6M | $867.4M | $1.2B | $1.18B | $714.1M | $818.3M | $930.1M | $718.4M | $653.8M | $420.4M | $310.9M | $171.2M | $396.1M | $334.1M | $218.7M | $141.8M | $182.8M | $178.6M | $48.9M | $61.1M | $34.2M | $48M | $28M | $0 |