Fresenius Medical Care AG (FMS)
Fresenius Medical Care AG & Co. KGaA specializes in comprehensive kidney dialysis treatment and associated services, operating across Germany, North America, and numerous international territories. Through an extensive network of outpatient clinics, it delivers essential dialysis therapy along with laboratory and diagnostic support. For home-based care, the company supplies necessary equipment, provides comprehensive training, and offers ongoing patient assistance, including clinical oversight and coordinating supply deliveries directly to patients. In the United States, Fresenius Medical Care also contracts with hospitals to provide vital dialysis interventions for hospitalized individuals suffering from end-stage renal disease (ESRD) and acute kidney failure. Beyond services, it is a prominent developer, manufacturer, and distributor of a broad range of dialysis products. This portfolio encompasses polysulfone dialyzers, hemodialysis machines, peritoneal dialysis cyclers and solutions, concentrates, bloodlines, renal pharmaceuticals, and water treatment systems. Additionally, the company produces non-dialysis medical devices, including acute cardiopulmonary and apheresis products. Its pharmaceutical division focuses on developing, acquiring, and in-licensing specialized renal medications, distributing these essential drugs and supplies to both individual patients' homes and dialysis centers. The company also extends its medical offerings to include a variety of specialized services such as vascular, cardiovascular, and endovascular care, operating ambulatory surgery centers for vascular procedures, and providing physician services in nephrology and cardiology. Products are sold directly to dialysis clinics, hospitals, and specialized treatment centers, complemented by sales through local teams, independent distributors, dealers, and agents. By February 23, 2022, Fresenius Medical Care managed an impressive network of 4,171 outpatient dialysis clinics across roughly 150 countries. Established in 1996, the company maintains its headquarters in Bad Homburg, Germany.
Sector: Services-Misc Health & Allied Services, NEC
Fresenius Medical Care AG
NYSE:FMS
-1.10%$23.40
CLOSED · Nov 6Prev close$23.66-1.10%Close$23.40-0.21%AH close$23.35
AH$23.35-0.21%vs close
Mkt Cap$12.15B
Float532.21M
O/S519.02M
VOL1.09M sh
$ Vol$25.44M
RVOL0.78×
Inst Own8.7%
SI0.7%
Div Yield3.69%
Dilution
Financials Summary
Revenue$21.91B
Net Income$1.09B
Total Assets$34.61B
Free Cash Flow$1.89B
Debt & Equity
Debt 43%
Equity 57%
Total Debt$12.05B
Total Equity$15.95B
Shares Outstanding
Short Interest
Split History1 split
- 2:1Forward splitDec 4, 20121 share → 2
Balance Sheet Details
Assets$34.61B
Liabilities$18.67B
Accounts Receivable$3.51B
Accounts Payable$823.98M
Inventory$2.39B
PP&E (Net)$3.37B
Goodwill$0
Intangible Assets$16.55B
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Revenue | $21.91B | $21.59B | $21.72B | $21.66B | $19.67B | $19.94B | $19.51B | $18.47B | $19.86B | $19.01B | $17.09B | $14.54B | $11.81B | $11.65B | $11.02B | $10.12B | $8.76B | $8.51B | $7.44B | $7.19B | $6.38B | $5.13B | $4.9B | $5.41B | $6.1B | $4.99B | $4.26B | $3.34B | $3.31B |
| YoY Growth | 1.5% | -0.6% | 0.3% | 10.1% | -1.3% | 2.2% | 5.6% | -7.0% | 4.4% | 11.2% | 17.6% | 23.1% | 1.4% | 5.7% | 8.9% | 15.4% | 3.0% | 14.3% | 3.5% | 12.6% | 24.4% | 4.7% | -9.4% | -11.3% | 22.1% | 17.2% | 27.7% | 0.9% | - |
| Cost of Revenue | $16.3B | $16.28B | $16.22B | $16.19B | $14.34B | $13.76B | $13.49B | $12.72B | $13.15B | $12.88B | $11.65B | $9.95B | $7.98B | $7.77B | $7.13B | $6.64B | $5.78B | $5.6B | $4.87B | $4.76B | $4.18B | $3.41B | $3.28B | $3.65B | $4.04B | $3.25B | $2.37B | $1.83B | $0 |
| Gross Profit | $5.61B | $5.31B | $5.5B | $5.46B | $5.33B | $6.18B | $6.02B | $5.76B | $6.7B | $6.14B | $5.44B | $4.59B | $3.83B | $3.88B | $3.89B | $3.48B | $2.99B | $2.91B | $2.57B | $2.43B | $2.2B | $1.72B | $1.62B | $1.76B | $2.06B | $1.74B | $1.89B | $1.5B | $3.31B |
| Gross Margin | 25.6% | 24.6% | 25.3% | 25.2% | 27.1% | 31.0% | 30.9% | 31.2% | 33.8% | 32.3% | 31.8% | 31.6% | 32.4% | 33.3% | 35.3% | 34.4% | 34.1% | 34.2% | 34.5% | 33.9% | 34.4% | 33.5% | 33.1% | 32.6% | 33.7% | 34.9% | 44.3% | 45.0% | 100.0% |
| Research and Development | $176.38M | $204.87M | $258.99M | $255.26M | $246.5M | $216.35M | $187.6M | $149.61M | $146.26M | $171.98M | $142.97M | $112.02M | $101.72M | $94.24M | $95.48M | $81.04M | $73.1M | $64.35M | $50.94M | $43.39M | $48.03M | $42.3M | $44.05M | $50.47M | $44.8M | $37.96M | $36.05M | $29.7M | $0 |
| Selling, General, and Administrative | $3.39B | $3.51B | $3.57B | $3.54B | $3.1B | $3.5B | $3.39B | $3.2B | $3.99B | $3.23B | $2.96B | $2.43B | $1.93B | $1.88B | $2.04B | $1.78B | $1.54B | $1.5B | $1.31B | $1.31B | $1.27B | $973.66M | $905.84M | $972.08M | $1.21B | $967.67M | $913.31M | $742.56M | $0 |
| Other | $12.73M | -$41.36M | $142.09M | -$19.05M | -$81.36M | -$105.53M | -$82.26M | $0 | $0 | $0 | $0 | $0 | $0 | $84.42M | $0 | $0 | $0 | $0 | $0 | -$34.04M | $0 | $0 | $0 | $0 | $323.95M | $0 | $315.35M | $265.61M | $0 |
| Total Operating Expenses | $3.58B | $3.67B | $3.97B | $3.78B | $3.26B | $3.61B | $3.49B | $3.35B | $4.14B | $3.4B | $3.1B | $2.54B | $2.04B | $2.06B | $2.11B | $1.86B | $1.62B | $1.57B | $1.36B | $1.32B | $1.31B | $1.02B | $949.89M | $1.02B | $1.58B | $1.01B | $1.26B | $1.04B | $0 |
| Operating Income (EBIT) | $2.04B | $1.64B | $1.53B | $1.69B | $2.07B | $2.57B | $2.53B | $3.39B | $2.64B | $2.8B | $2.38B | $2.07B | $1.82B | $1.87B | $1.79B | $1.62B | $1.37B | $1.34B | $1.21B | $1.12B | $885.09M | $702.01M | $671.49M | $739.44M | $475.86M | $738.01M | $621.59M | $465.43M | $3.31B |
| Operating Margin | 9.3% | 7.6% | 7.0% | 7.8% | 10.5% | 12.9% | 13.0% | 18.4% | 13.3% | 14.7% | 13.9% | 14.2% | 15.4% | 16.1% | 16.2% | 16.0% | 15.6% | 15.8% | 16.3% | 15.5% | 13.9% | 13.7% | 13.7% | 13.7% | 7.8% | 14.8% | 14.6% | 13.9% | 100.0% |
| Interest Expense | $429.19M | $454.46M | $474.11M | $402.1M | $394.79M | $457.74M | $548.27M | $500.19M | $464.69M | $476.53M | $511.24M | $454.49M | $361.83M | $397.24M | $306.98M | $256.44M | $250.43M | $289.98M | $306.03M | $314.43M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Interest Income | $77.72M | $79.91M | $98.49M | $75.55M | $81.69M | $46.85M | $68.8M | $164.13M | $57.36M | $70.79M | $117.31M | $77.13M | $31.49M | $37.55M | $51.54M | $21.33M | $16.67M | $19.9M | $21.89M | $17.28M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | -$351.24M | -$458.27M | -$375.62M | -$326.55M | -$313.1M | -$410.89M | -$479.47M | -$336.14M | -$407.33M | -$405.75M | -$393.93M | -$377.37M | -$330.34M | -$241.84M | -$255.44M | -$235.11M | -$233.75M | -$270.08M | -$284.14M | -$297.14M | -$163.26M | -$151.34M | -$189.31M | -$224.06M | -$281.91M | -$260.3M | -$911.51M | -$211.34M | -$3.31B |
| Income Before Tax (EBT) | $1.69B | $1.18B | $1.15B | $1.36B | $1.75B | $2.16B | $2.05B | $3.06B | $2.24B | $2.37B | $1.98B | $1.69B | $1.49B | $1.63B | $1.53B | $1.38B | $1.13B | $1.07B | $925.88M | $817.94M | $721.83M | $550.67M | $482.18M | $515.38M | $193.94M | $477.71M | -$289.92M | $147.08M | $0 |
| Income Tax Expense | $358.36M | $352.88M | $335.57M | $362.81M | $393.94M | $558.87M | $448.4M | $570.53M | $506.89M | $725.08M | $636.22M | $536.21M | $478.67M | $510.87M | $517.81M | $485.52M | $382.17M | $392.3M | $356.58M | $349.8M | $291.05M | $218.6M | $188.58M | $194.51M | $114.44M | $225.6M | -$14.14M | $128.9M | -$91.55M |
| Net Income | $1.09B | $600.58M | $557.13M | $751.86M | $1.08B | $1.3B | $1.34B | $2.21B | $1.43B | $1.32B | $1.05B | $959.48M | $897.4M | $1B | $922.73M | $821.46M | $694.44M | $655.74M | $549.16M | $454.07M | $428.87M | $331.09M | $293.6M | $308.33M | $79.5M | $252.11M | -$275.78M | $18.18M | $91.55M |
| Net Income Margin | 5.0% | 2.8% | 2.6% | 3.5% | 5.5% | 6.5% | 6.9% | 12.0% | 7.2% | 6.9% | 6.1% | 6.6% | 7.6% | 8.6% | 8.4% | 8.1% | 7.9% | 7.7% | 7.4% | 6.3% | 6.7% | 6.5% | 6.0% | 5.7% | 1.3% | 5.0% | -6.5% | 0.5% | 2.8% |
| Supplementary Data | |||||||||||||||||||||||||||||
| EPS | 1.68 | 0.92 | 0.85 | 0.57 | 0.83 | 1.31 | 1.35 | 3.23 | 2.08 | 1.87 | 1.57 | 1.43 | 1.33 | 1.48 | 1.37 | 1.22 | 1.04 | 0.99 | 0.83 | 0.69 | 0.66 | 0.51 | 0.63 | 0.66 | 0.17 | 0.42 | -0.52 | 0.04 | 0.18 |
| Diluted EPS | 1.68 | 0.92 | 0.85 | 0.57 | 0.83 | 1.31 | 1.35 | 3.23 | 2.08 | 1.87 | 1.57 | 1.43 | 1.33 | 1.47 | 1.35 | 1.22 | 1.04 | 0.98 | 0.83 | 0.69 | 0.65 | 0.51 | 0.63 | 0.66 | 0.17 | 0.42 | -0.52 | 0.04 | 0.18 |
| Weighted Average OS | 582.38M | 586.83M | 586.83M | 1.17B | 1.17B | 887.33M | 887.33M | 614.45M | 614.57M | 612.66M | 610.19M | 605.74M | 608.16M | 613.34M | 605.95M | 596.24M | 596.52M | 594.06M | 591.34M | 588.39M | 583.27M | 466.67M | 420.00M | 420.00M | 420.00M | 536.90M | 473.42M | 420.00M | 420.00M |
| EBITDA | $3.79B | $3.58B | $3.58B | $3.82B | $3.96B | $4.61B | $4.38B | $3.26B | $3.52B | $3.54B | $3.13B | $2.79B | $2.38B | $2.39B | $2.32B | $2.06B | $1.74B | $1.69B | $1.49B | $1.34B | $1.12B | $893.57M | $863.32M | $963.47M | $881.81M | $1.12B | $936.94M | $731.1M | $3.31B |
| EBITDA Margin | 17.3% | 16.6% | 16.5% | 17.6% | 20.1% | 23.1% | 22.5% | 17.6% | 17.7% | 18.6% | 18.3% | 19.2% | 20.1% | 20.5% | 21.0% | 20.3% | 19.9% | 19.9% | 20.0% | 18.7% | 17.6% | 17.4% | 17.6% | 17.8% | 14.5% | 22.5% | 22.0% | 21.9% | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | $1.79B | $1.32B | $1.57B | $1.42B | $1.65B | $1.21B | $1.13B | $2.4B | $1.09B | $791.47M | $564.9M | $584.67M | $553.56M | $580.86M | $393.93M | $438.95M | $234.74M | $177.72M | $187.38M | $134.52M | $80.2M | $48.57M | $42.93M | $68.94M | $77.26M | $76.77M | $38.57M | $30.37M |
| Short-Term Investments | $0 | $182.09M | $172.35M | $209.71M | $177.73M | $200.15M | $173.67M | $133.43M | $17.27M | $296.81M | $295.28M | $172.96M | $39.24M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $1.79B | $1.5B | $1.74B | $1.63B | $1.83B | $1.41B | $1.3B | $2.53B | $1.11B | $1.09B | $860.17M | $757.62M | $592.8M | $580.86M | $393.93M | $438.95M | $234.74M | $177.72M | $187.38M | $134.52M | $80.2M | $48.57M | $42.93M | $68.94M | $77.26M | $76.77M | $38.57M | $30.37M |
| Accounts Receivable | $3.51B | $3.81B | $4.06B | $4.15B | $4B | $3.64B | $4.01B | $3.83B | $3.91B | $4.13B | $3.71B | $3.26B | $2.69B | $2.98B | $2.85B | $2.26B | $1.99B | $1.89B | $1.63B | $1.69B | $1.42B | $1.25B | $1.13B | $1.02B | $1.16B | $956.95M | $855.29M | $607.56M |
| Inventory | $2.39B | $2.31B | $2.43B | $2.56B | $2.28B | $2.12B | $1.86B | $1.64B | $1.44B | $1.49B | $1.38B | $1.03B | $889.47M | $875.31M | $833.44M | $679.23M | $640.29M | $567.07M | $487.21M | $443.22M | $406.19M | $364.8M | $394.28M | $396.04M | $434.66M | $380.69M | $334.31M | $283.12M |
| Other Current Assets | $1.13B | $1.18B | $1.43B | $762.12M | $750.94M | $912.85M | $782.06M | $673.95M | $576.23M | $893.38M | $930.02M | $1.08B | $872.81M | $626.09M | $690.03M | $293.96M | $246.89M | $259.96M | $272.94M | $247.93M | $169.27M | $152.69M | $159.26M | $202.03M | $285.12M | $210.53M | $481.9M | $434.68M |
| Total Current Assets | $8.82B | $8.85B | $9.72B | $9.16B | $8.9B | $8.12B | $8B | $8.76B | $7.12B | $7.69B | $6.91B | $6.17B | $5.08B | $5.17B | $4.91B | $4.33B | $3.68B | $3.38B | $2.96B | $2.89B | $2.32B | $2.01B | $1.96B | $1.94B | $2.23B | $1.88B | $1.71B | $1.36B |
| Long-Term Assets | ||||||||||||||||||||||||||||
| Property, Plant & Equipment Net | $3.37B | $8.1B | $8.32B | $9.31B | $9.55B | $9.14B | $9.51B | $4.28B | $3.9B | $4B | $3.52B | $3.03B | $2.51B | $2.48B | $2.27B | $2.12B | $1.89B | $1.79B | $1.57B | $1.46B | $1.15B | $973.46M | $965.57M | $976.6M | $1.05B | $878.5M | $712.48M | $601.18M |
| Goodwill | $0 | $16.94B | $16.36B | $17.63B | $16.03B | $14.47B | $15.65B | $13.63B | $13.51B | $14.51B | $13.31B | $12.01B | $9.43B | $9.64B | $7.91B | $6.83B | $5.85B | $5.86B | $5.55B | $5.83B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $16.55B | $1.53B | $1.52B | $1.7B | $1.63B | $1.54B | $1.59B | $760.71M | $762.63M | $899.4M | $848.11M | $798.26M | $612.78M | $599.5M | $591.51M | $581.39M | $669.55M | $678.91M | $528.35M | $559.49M | $3.81B | $3.33B | $3.43B | $3.98B | $4.62B | $4.13B | $3.82B | $3.32B |
| Long-Term Investments | $0 | $1.26B | $1.21B | $1.34B | $878.58M | $849.78M | $778.06M | $725.48M | $722.39M | $667.84M | $662.77M | $624.3M | $538.7M | $538.09M | $596.13M | $210.19M | $4.52M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $75.26M | $75.94M | $78.21M | $50.46M | $74.43M | $64.03M | $53.06M | $33.61M | $47.87M | $31.51M | $38.03M | $44.16M | $32.34M | $0 | $0 |
| Other Long-Term Assets | $5.88B | $803.9M | $761.26M | $784.29M | $1.38B | $1.26B | $1.24B | $1.14B | $809.63M | $762.7M | $681.87M | $686.43M | $535.68M | $337.19M | $477.79M | $199.99M | $181.39M | $178.36M | $182.13M | $248.82M | $215.11M | $188.05M | $267.78M | $278.41M | $227.23M | $185.79M | $144.57M | $133.2M |
| Total Long-Term Assets | $25.8B | $28.63B | $28.17B | $30.76B | $29.47B | $27.26B | $28.77B | $20.54B | $19.71B | $20.79B | $18.99B | $17.14B | $13.61B | $13.68B | $11.92B | $10.03B | $8.64B | $8.59B | $7.9B | $8.15B | $5.21B | $4.54B | $4.7B | $5.28B | $5.94B | $5.23B | $4.67B | $4.05B |
| 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 | $34.61B | $37.48B | $37.88B | $39.92B | $38.37B | $35.38B | $36.77B | $29.3B | $26.82B | $28.47B | $25.9B | $23.3B | $18.69B | $18.85B | $16.83B | $14.35B | $12.33B | $11.97B | $10.85B | $11.04B | $7.53B | $6.56B | $6.65B | $7.21B | $8.18B | $7.11B | $6.38B | $5.41B |
| Liabilities | ||||||||||||||||||||||||||||
| Current Liabilities | ||||||||||||||||||||||||||||
| Accounts Payable | $823.98M | $1.1B | $988.27M | $1.06B | $957.43M | $923.79M | $932.49M | $887.68M | $823.8M | $937.44M | $797.42M | $655.49M | $538.92M | $629.5M | $562.22M | $353.12M | $282.41M | $293.56M | $252.64M | $467.65M | $291.53M | $252.02M | $271.75M | $197.85M | $248.82M | $334.28M | $313.53M | $142.32M |
| Short-Term Debt | $1.8B | $644.65M | $1.05B | $1.5B | $2.15B | $1.21B | $2.92B | $2.79B | $1.85B | $1.45B | $809.46M | $414.51M | $541.24M | $385.45M | $1.47B | $792.77M | $377.49M | $913.99M | $233.25M | $419.55M | $279.16M | $539.55M | $185.98M | $163.17M | $343.04M | $688.4M | $636.74M | $204.49M |
| Current Income Tax Payable | $0 | $315.56M | $370.52M | $299.07M | $296.02M | $259.01M | $113.65M | $76.18M | $185.12M | $237.57M | $161.08M | $157.49M | $213.27M | $207.82M | $139.86M | $98.68M | $91.16M | $66.14M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $91.74M | $95.82M | $118.04M | $578.38M | $676.94M | $34.54M | $0 | $307.19M | $243.54M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $278.34M | $0 | $0 | $0 |
| Other Current Liabilities | $3.7B | $3.17B | $3.33B | $3.19B | $3.07B | $2.7B | $2.73B | $3.24B | $2.77B | $2.21B | $855.14M | $885.99M | $782.21M | $717.07M | $800.49M | $975.08M | $25.66M | $22.98M | $530.2M | $111.68M | $126.39M | $194.12M | $181.02M | $314.63M | $344.71M | $164.69M | $1.01B | $581.95M |
| Total Current Liabilities | $6.97B | $6.32B | $6.82B | $7.22B | $8.1B | $6.76B | $7.88B | $7B | $5.92B | $5.92B | $4.24B | $3.19B | $2.87B | $2.68B | $3.67B | $3.18B | $2.03B | $2.52B | $2.32B | $2.01B | $1.49B | $1.6B | $1.25B | $1.38B | $1.73B | $1.65B | $1.96B | $928.77M |
| Long-Term Liabilities | ||||||||||||||||||||||||||||
| Long-Term Debt | $6.36B | $6.99B | $7.77B | $8.01B | $7.42B | $7.59B | $7.21B | $5.63B | $6.47B | $7.63B | $8.02B | $8.28B | $6.26B | $6.62B | $4.73B | $3.62B | $3.45B | $3.17B | $3.07B | $3.23B | $666.56M | $449.34M | $985.49M | $1.16B | $923.28M | $782.02M | $725.41M | $1.03B |
| Long-Term Unearned Revenue | $0 | $37.98M | $15.49M | $10.58M | $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 | $791.48M | $837.69M | $1.05B | $969.63M | $877.44M | $825.88M | $699.51M | $522.01M | $739.03M | $637.75M | $738.76M | $601.07M | $560.57M | $506.35M | $425.54M | $333.16M | $341.9M | $289.84M | $320.19M | $283.43M | $232.48M | $222.03M | $180.21M | $179.25M | $209.8M | $186.45M | $180.88M |
| Other Long-Term Liabilities | $2.09B | $1.82B | $1.94B | $1.92B | $1.7B | $2.05B | $1.55B | $1.56B | $1.83B | $1.85B | $2.29B | $1.89B | $1.29B | $1.22B | $970.5M | $809.66M | $1.21B | $1.02B | $908.24M | $1.28B | $1.33B | $1.27B | $1.3B | $1.49B | $2.04B | $1.25B | $1.26B | $1.01B |
| Total Long-Term Liabilities | $11.69B | $13.55B | $14.51B | $15.45B | $14.66B | $14.85B | $14.12B | $7.9B | $8.82B | $10.22B | $10.95B | $10.9B | $8.15B | $8.4B | $6.21B | $4.85B | $5B | $4.53B | $4.26B | $4.84B | $2.28B | $1.95B | $2.51B | $2.82B | $3.14B | $2.24B | $2.17B | $2.22B |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | -$261K | -$346K | $65K | $125K | -$496K | $248K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $18.67B | $19.87B | $21.33B | $22.67B | $22.76B | $21.61B | $22B | $14.89B | $14.73B | $16.14B | $15.18B | $14.1B | $11.02B | $11.08B | $9.88B | $8.03B | $7.03B | $7.06B | $6.58B | $6.85B | $3.77B | $3.55B | $3.76B | $4.2B | $4.87B | $3.9B | $4.14B | $3.14B |
| Stockholders' Equity | ||||||||||||||||||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $3.77M | $3.84M | $3.73M | $3.38M | $3.4M | $0 | $2.85M | $70.21M | $57.55M | $61.72M | $73.99M | $87.23M | $75.66M | $30.65M | $26.28M |
| Common Stock | $15.95B | $327.6M | $327.6M | $327.6M | $327.14M | $327M | $339.9M | $343.75M | $344.01M | $402.97M | $395.38M | $353.69M | $309.2M | $316.51M | $0 | $0 | $162.92M | $0 | $0 | $256M | $216.34M | $189.02M | $203.45M | $244.18M | $287.98M | $272.82M | $254.64M | $218.2M |
| Retained Earnings | $0 | $12.58B | $12.19B | $11.96B | $12.09B | $11.45B | $10.56B | $9.86B | $7.97B | $9.38B | $8.04B | $6.52B | $5.16B | $4.7B | $4B | $3.24B | $2.42B | $1.97B | $1.45B | $1.15B | $919.46M | $541.86M | $335.12M | $164.49M | -$73.35M | -$66.6M | -$240.63M | $76.25M |
| Comprehensive Income & Other | $0 | -$366.82M | -$1.09B | -$433.72M | -$1.46B | -$2.46B | -$1.16B | -$1.34B | -$1.66B | -$1.4B | -$1.36B | -$998.73M | -$445.18M | -$415.46M | -$418.46M | -$162.9M | -$38.75M | -$121.33M | $77.25M | -$4.58M | -$134.59M | -$56.78M | -$154.97M | -$407.89M | -$450.58M | -$229.4M | -$150.25M | -$72.35M |
| Other Stockholders' Equity | $0 | $3.37B | $2.69B | $3.33B | $1.76B | $745.03M | $2.45B | $2.92B | $2.65B | $1.36B | $1.66B | $1.79B | $2B | $2.54B | $2.8B | $2.95B | $2.61B | $2.82B | $2.82B | $2.71B | $2.61B | $2.26B | $2.34B | $2.58B | $3.07B | $2.98B | $2.21B | $1.95B |
| Total Equity | $15.95B | $16.27B | $15.21B | $15.62B | $14.18B | $12.52B | $13.35B | $13.13B | $10.96B | $11.14B | $10.1B | $8.67B | $7.47B | $7.55B | $6.81B | $6.19B | $5.2B | $4.78B | $4.27B | $4.12B | $3.75B | $2.99B | $2.88B | $2.99B | $3.28B | $3.18B | $2.22B | $2.24B |
| Minority Interest | $0 | $1.33B | $1.35B | $1.63B | $1.43B | $1.25B | $1.42B | $1.28B | $1.13B | $688.28M | $621.78M | $537.18M | $202.51M | $223.51M | $353.19M | $123.11M | $162.68M | $0 | $81.03M | $63.58M | $13.58M | $14.85M | $12.5M | $23.96M | $25.39M | $25.29M | $24.16M | $18.94M |
| Total Liabilities and Equity | $34.61B | $36.15B | $36.54B | $38.29B | $36.94B | $34.13B | $35.35B | $28.02B | $25.7B | $27.28B | $25.28B | $22.77B | $18.49B | $18.62B | $16.69B | $14.23B | $12.23B | $11.84B | $10.85B | $10.97B | $7.51B | $6.54B | $6.64B | $7.19B | $8.15B | $7.08B | $6.36B | $5.39B |
| Supplementary Data | ||||||||||||||||||||||||||||
| Total Debt | $12.05B | $12.29B | $13.48B | $14.75B | $14.87B | $13.82B | $15.43B | $8.46B | $8.4B | $9.08B | $8.89B | $8.74B | $6.83B | $7.01B | $6.21B | $4.41B | $3.83B | $4.09B | $3.3B | $3.66B | $945.73M | $988.89M | $1.17B | $1.32B | $1.27B | $1.47B | $1.36B | $1.23B |
| Net Debt | $10.27B | $10.97B | $11.92B | $13.33B | $13.22B | $12.61B | $14.31B | $6.07B | $7.31B | $8.29B | $8.33B | $8.15B | $6.27B | $6.42B | $5.81B | $3.97B | $3.59B | $3.91B | $3.11B | $3.52B | $865.53M | $940.32M | $1.13B | $1.25B | $1.19B | $1.39B | $1.32B | $1.2B |
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 | $1.05B | $827.18M | $817.79M | $998.51M | $1.36B | $1.6B | $1.61B | $2.49B | $1.74B | $1.64B | $1.34B | $1.16B | $1.02B | $1.12B | $1.01B | $894.4M | $752M | $655.74M | $549.16M | $454.07M | $428.87M | $331.09M | $293.6M | $308.33M | $79.5M | $252.11M | -$275.78M | $18.18M |
| Depreciation & Amortization | $1.68B | $1.95B | $1.96B | $2.05B | $1.81B | $1.99B | $1.78B | $822.25M | $821.16M | $783.26M | $732.21M | $641.8M | $524.12M | $508.98M | $479.82M | $422.45M | $356.13M | $333.38M | $278.23M | $261.15M | $237.04M | $191.56M | $191.83M | $224.03M | $405.95M | $348.14M | $315.35M | $265.61M |
| Deferred Income Tax | -$29.18M | -$81.14M | -$136.38M | -$46.3M | $75.09M | $124.05M | $71.75M | $99.56M | -$226.7M | -$5.97M | -$46.42M | $104.48M | $12.87M | $59.49M | -$25.04M | -$5.47M | -$43.44M | -$16.89M | $901K | $9.22M | -$3.46M | $28.23M | $80.95M | $62.19M | -$58.23M | $91.46M | -$99.78M | $22.47M |
| Stock-Based Compensation | $0 | $0 | $36.3M | $0 | $0 | $0 | $2.22M | $12M | $52.26M | $32.04M | $12.58M | $7.81M | $10.99M | $22.35M | $25.04M | $23.49M | $26.3M | $25.57M | $0 | $0 | $0 | $1.26M | $1.26M | $1.26M | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | ||||||||||||||||||||||||||||
| Accounts Receivable | -$74.06M | -$82.04M | -$169.53M | -$52.12M | -$182.21M | $80.05M | -$71.58M | -$190.35M | -$96.29M | -$341.56M | -$338.29M | -$253.61M | -$42.24M | -$58.42M | -$217.77M | -$252.08M | -$32.72M | -$194.06M | $0 | $0 | $0 | $89.2M | $89.2M | $89.2M | $0 | $0 | $0 | $0 |
| Inventory | -$266.67M | $120.47M | -$14.67M | -$228.11M | -$54.18M | -$397.29M | -$131.19M | -$175.39M | -$70M | -$70.78M | -$307.4M | -$78.74M | -$44.4M | -$40.76M | -$130.84M | $15.38M | -$69.3M | -$75.48M | -$55.77M | -$36M | -$9.25M | $22.44M | -$20.38M | -$6.94M | -$37.9M | -$27.35M | -$17.48M | -$37.41M |
| Accounts Payable | -$15.84M | $173.72M | $121.12M | -$398.35M | -$406.36M | $1.53B | -$183.96M | $411.31M | $579.17M | $190.43M | $588.39M | $215.99M | $171.02M | $198.94M | $0 | -$1.38M | -$1.38M | $0 | $0 | $0 | $0 | -$509K | -$509K | $26.89M | $0 | $0 | $0 | $0 |
| Other Working Capital | $504.82M | $283.93M | $689.75M | $535.6M | $533.59M | $162.99M | $372.84M | -$1.04B | -$522.3M | $26.56M | -$14.19M | $26.37M | $25.73M | $46.13M | $100.52M | $39.41M | $38.73M | -$67.55M | $91.66M | $31.58M | -$33.25M | $5.81M | -$84.19M | -$133.06M | $140.33M | -$203.62M | $365.53M | -$120.71M |
| Total Working Capital Change | $148.25M | $496.08M | $626.66M | -$142.99M | -$109.16M | $1.38B | -$13.9M | -$992.57M | -$109.42M | -$195.34M | -$71.49M | -$89.98M | $110.1M | $145.89M | -$248.09M | -$198.66M | -$64.68M | -$337.09M | $35.9M | -$4.42M | -$42.5M | $116.94M | -$15.88M | -$23.91M | $102.43M | -$230.97M | $348.05M | -$158.13M |
| Other Non-Cash Items | $31.69M | -$523.22M | -$365.4M | -$441.88M | -$360.29M | -$374.19M | -$578.93M | -$124.34M | $175.02M | $13.42M | $33.83M | -$112.29M | -$28.07M | -$135.55M | -$226K | $12.33M | $17.15M | $154.47M | $18.54M | $14.05M | $11.94M | $12.74M | $116.71M | $13.21M | $2.71M | $4.39M | $101.59M | $107M |
| Net Cash from Operating | $2.88B | $2.66B | $2.94B | $2.42B | $2.78B | $4.73B | $2.87B | $2.3B | $2.45B | $2.27B | $2B | $1.71B | $1.65B | $1.72B | $1.25B | $1.15B | $1.04B | $815.18M | $918.6M | $767.99M | $631.88M | $681.83M | $668.46M | $585.11M | $532.37M | $465.13M | $389.43M | $255.13M |
| Investing Activities | ||||||||||||||||||||||||||||
| Capital Expenditures | -$986.68M | -$780.83M | -$764.35M | -$808.33M | -$953.89M | -$1.17B | -$1.26B | -$2.3B | -$1.99B | -$2.17B | -$1.93B | -$1.7B | -$604.74M | -$570.12M | -$2.05B | -$439.58M | -$447.3M | -$551.28M | -$443.87M | -$395.23M | -$296.72M | -$229.57M | -$258.21M | -$254.46M | -$345.36M | -$271.09M | -$177.84M | -$363.28M |
| Acquisitions | $249.36M | $677.36M | $152.96M | $1.15M | -$426.2M | -$272.85M | -$2.43B | $845.98M | -$167.82M | -$389.61M | -$66.53M | -$1.63B | -$386.04M | -$1.36B | $8.61M | -$518.39M | -$105.98M | -$174.75M | -$197.48M | -$3.64B | -$117.98M | -$86.06M | -$81.73M | -$84.94M | -$271.94M | -$326.36M | -$112.43M | $0 |
| Purchases of Investments | -$96.01M | -$91M | -$114.29M | -$117.95M | -$144.12M | -$107.63M | -$12.63M | -$1.03B | -$168.59M | -$389.61M | -$67.4M | -$1.63B | -$400.82M | -$1.59B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $89.55M | $83.89M | $100.03M | $64.39M | $161.35M | $47.16M | $18.56M | -$606K | -$463.52M | -$223.55M | -$256.07M | -$7.97M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | $15.75M | $18.02M | $40.42M | $27.27M | $17.39M | $12.88M | $2.21B | $1.69B | $1.71B | $1.3B | $2.49B | $416.86M | $1.59B | $24.12M | $13.52M | $9.35M | $11.1M | $46.38M | $451.2M | $16.43M | $15.12M | $13.14M | $40.2M | $30.36M | $24.64M | $7.91M | $96.44M |
| Net Cash from Investing | -$743.78M | -$94.83M | -$607.63M | -$820.32M | -$1.34B | -$1.49B | -$3.67B | -$273.59M | -$1.11B | -$1.46B | -$1.02B | -$2.47B | -$974.74M | -$1.93B | -$2.02B | -$944.45M | -$543.93M | -$714.93M | -$594.97M | -$3.59B | -$398.27M | -$300.51M | -$326.8M | -$299.21M | -$586.94M | -$572.81M | -$282.35M | -$266.84M |
| Financing Activities | ||||||||||||||||||||||||||||
| Debt Repaid | -$839.68M | $1.62B | $1.13B | $594.93M | $1.71B | $188.81M | -$620.84M | $517.85M | $577.25M | $737.73M | $320.83M | -$1.16B | $142.48M | -$980.76M | -$1.51B | $105.44M | -$111.67M | -$259.42M | -$23.16M | -$2.57B | -$73.56M | $421.35M | $11.79M | -$193.55M | $348.19M | $549.84M | $16.58M | $548.92M |
| Common Stock Issuance | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $53M | $94.81M | $0 | $28.12M | $0 | $2.7B | $0 | $0 | $679.78M | $35.94M | $305.15M | $75.36M | $2.98M | $614K | $585K | $8.02M | $662.1M | $0 | $569.1M |
| Common Stock Repurchases | -$627.68M | $0 | $0 | $0 | $0 | -$408.63M | -$669.67M | -$41.56M | -$64.69M | $0 | $0 | $0 | -$408.33M | $0 | -$563.38M | $0 | $0 | -$544.08M | -$5.87M | $0 | $0 | $0 | -$7.9M | -$400.27M | $0 | $0 | $0 | -$58.74M |
| Dividends Paid | -$453.12M | -$389.84M | -$366.91M | -$441.64M | -$438.18M | -$392.08M | -$395.95M | -$362.68M | -$328.22M | -$272.71M | -$264.36M | -$291.89M | -$239.44M | -$229.41M | -$241.76M | -$194.74M | -$248K | -$202.43M | -$144.28M | -$130.04M | -$129.61M | -$100.57M | -$95.53M | -$81.65M | -$82.55M | -$60.9M | -$53.71M | -$46.84M |
| Other Financing Activities | -$1.31B | -$351.69M | -$379.74M | -$115.89M | -$304.83M | -$760.2M | $188.97M | -$536.6M | -$154.51M | $305.1M | -$135.4M | -$99.99M | $150.73M | -$345.03M | $15.09M | $281.07M | -$421.12M | $368.37M | -$159.64M | $132.71M | -$226.49M | $131.85M | -$264.74M | $5.69M | $477.29M | $133.65M | -$17.72M | $97.58M |
| Net Cash from Financing | -$1.54B | -$2.87B | -$2.08B | -$1.81B | -$1.14B | -$2.97B | -$521M | -$761.16M | -$891.67M | -$620.79M | -$1.03B | $739.13M | -$653.34M | $395.39M | $683.12M | -$12.35M | -$435.61M | -$125.16M | -$260.87M | $2.86B | -$207.17M | -$372.21M | -$368.69M | -$282.1M | $54.58M | $185.01M | -$88.01M | $12.19M |
| Forex Effect | $27.88M | $29.25M | -$81.07M | -$25.86M | $146.52M | -$179.05M | $53.32M | $36.16M | -$147.84M | $23.29M | -$36.95M | -$22.56M | -$21.42M | $3.88M | $34.46M | -$5.66M | -$2.34M | $6.38M | $2.85M | $20.75M | -$1.82M | -$428K | $12.52M | -$369K | -$3.78M | -$41.89M | -$15.86M | -$6.09M |
| Net Change in Cash | $623.36M | -$270.08M | $171.31M | -$232.08M | $446.73M | $82.42M | -$1.27B | $1.3B | $300.59M | $209.92M | -$86.14M | -$44.92M | -$4.26M | $194.8M | -$56.85M | $186.07M | $61.56M | -$18.53M | $65.61M | $62.54M | $24.61M | $8.68M | -$14.51M | $3.43M | -$3.77M | $35.45M | $3.21M | -$5.62M |
| Supplementary Data | ||||||||||||||||||||||||||||
| Operating Cash Flow | $2.88B | $2.66B | $2.94B | $2.42B | $2.78B | $4.73B | $2.87B | $2.3B | $2.45B | $2.27B | $2B | $1.71B | $1.65B | $1.72B | $1.25B | $1.15B | $1.04B | $815.18M | $918.6M | $767.99M | $631.88M | $681.83M | $668.46M | $585.11M | $532.37M | $465.13M | $389.43M | $255.13M |
| Capital Expenditure | -$981.67M | -$780.83M | -$764.35M | -$808.33M | -$953.89M | -$1.17B | -$1.26B | -$2.3B | -$1.99B | -$2.17B | -$1.93B | -$1.7B | -$604.74M | -$570.12M | -$2.05B | -$439.58M | -$447.3M | -$551.28M | -$443.87M | -$395.23M | -$296.72M | -$229.57M | -$258.21M | -$254.46M | -$345.36M | -$271.09M | -$177.84M | -$363.28M |
| Free Cash Flow | $1.89B | $1.88B | $2.17B | $1.61B | $1.83B | $3.55B | $1.61B | $2.23M | $454.42M | $104.04M | $73.53M | $8.26M | $1.04B | $1.15B | -$807.17M | $708.95M | $596.14M | $263.9M | $474.73M | $372.76M | $335.15M | $452.26M | $410.25M | $330.64M | $187M | $194.04M | $211.59M | -$108.15M |
| Cash at Beginning | $1.16B | $1.59B | $1.42B | $1.65B | $1.21B | $1.13B | $2.4B | $1.09B | $791.47M | $583.36M | $647.3M | $626.9M | $556.31M | $386.06M | $450.53M | $252.88M | $173M | $196.25M | $121.77M | $71.97M | $55.59M | $39.89M | $57.44M | $65.51M | $81.03M | $41.32M | $35.36M | $35.99M |
| Cash at End | $1.78B | $1.32B | $1.59B | $1.42B | $1.65B | $1.21B | $1.13B | $2.4B | $1.09B | $793.27M | $561.16M | $581.98M | $552.06M | $580.86M | $393.68M | $438.95M | $234.56M | $177.72M | $187.38M | $134.52M | $80.2M | $48.57M | $42.93M | $68.94M | $77.26M | $76.77M | $38.57M | $30.37M |