Fidelity National Financial, Inc. (FNF)
Fidelity National Financial, Inc., or FNF, is a leading provider of various insurance solutions and related services across the United States. The company structures its operations into three primary divisions: Title, F&G, and Corporate and Other. Its Title segment offers a broad range of services crucial for real estate and mortgage transactions. These include issuing title insurance, managing escrow accounts, and delivering other associated title services like trust administration, trustee sales guarantees, document recording, and property reconveyances. Additionally, FNF furnishes technology platforms and transactional support to the real estate and mortgage industries, providing specialized mortgage transaction services that involve title-related assistance and facilitating the creation and management of mortgage loans. Through its F&G segment, the company specializes in life insurance and annuity products. Its offerings in this area encompass a variety of deferred annuities, such as fixed indexed, fixed rate, and immediate annuities, alongside indexed universal life insurance policies. Beyond these core services, FNF is also involved in the real estate brokerage sector. Established in 1847, Fidelity National Financial, Inc. maintains its corporate headquarters in Jacksonville, Florida.
Sector: Title Insurance
Industry: Insurance - Specialty
Fidelity National Financial, Inc.
NYSE:FNFFinancial Services · Insurance - Specialty
-2.27%$40.44
AH Close$40.44+0.00%vs close
AH Close$40.44+0.00%vs close
Mkt Cap$10.85B
Float252.93M
O/S268.19M
Inst Own82.4%
SI4.6%
Div Yield5.14%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$14.51B
Net Income$602M
Total Assets$109.01B
Free Cash Flow$6.38B
Debt & Equity
Debt 39%
Equity 61%
Total Debt$4.77B
Total Equity$7.42B
Shares Outstanding
Short Interest
Split History2 splits
- 1.0:1Forward splitDec 17, 20251 share → 1.0
- 2.3:1Forward splitMay 27, 20031 share → 2.3
Balance Sheet Details
Assets$109.01B
Liabilities$100.04B
Accounts Receivable$18.02B
Accounts Payable$246M
Inventory$0
PP&E (Net)$525M
Goodwill$5.27B
Intangible Assets$7.07B
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Revenue | $14.51B | $13.36B | $11.52B | $11.46B | $15.07B | $10.7B | $8.47B | $7.59B | $7.66B | $7.26B | $6.66B | $8.02B | $7.44B | $6.67B | $4.8B | $5.41B | $5.83B | $4.25B | $5.52B | $9.44B | $9.65B | $8.3B | $7.72B | $5.08B | $3.49B | $2.55B |
| YoY Growth | 8.6% | 15.9% | 0.6% | -24.0% | 40.8% | 26.4% | 11.5% | -0.9% | 5.6% | 8.9% | -16.9% | 7.8% | 11.6% | 38.9% | -11.3% | -7.1% | 37.1% | -23.0% | -41.5% | -2.3% | 16.4% | 7.5% | 51.8% | 45.6% | 36.6% | - |
| Cost of Revenue | $262M | $6.29B | $5.86B | $4.32B | $6.09B | $3.9B | $2.5B | $2.28B | $2.33B | $2.15B | $1.98B | $1.7B | $2.08B | $1.88B | $1.63B | $2.01B | $1.74B | $1.84B | $1.76B | $2.52B | $2.54B | $311.92M | $287.14M | $179.29M | $134.53M | $97.16M |
| Gross Profit | $14.24B | $7.07B | $5.66B | $7.14B | $8.97B | $6.8B | $5.97B | $5.31B | $5.34B | $5.1B | $4.69B | $6.33B | $5.36B | $4.79B | $3.17B | $3.41B | $4.09B | $2.41B | $3.76B | $6.91B | $7.11B | $7.98B | $7.43B | $4.9B | $3.36B | $2.46B |
| Gross Margin | 98.2% | 52.9% | 49.1% | 62.3% | 59.6% | 63.6% | 70.5% | 70.0% | 69.6% | 70.3% | 70.3% | 78.8% | 72.0% | 71.8% | 66.0% | 62.9% | 70.2% | 56.7% | 68.1% | 73.3% | 73.7% | 96.2% | 96.3% | 96.5% | 96.1% | 96.2% |
| 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 |
| Selling, General, and Administrative | $3.44B | $3.15B | $2.91B | $3.19B | $3.53B | $2.95B | $2.7B | $2.54B | $2.46B | $2.27B | $2.14B | $2.54B | $2.06B | $1.83B | $1.57B | $1.58B | $3.6B | $2.54B | $3.4B | $3.23B | $3.22B | $0 | $0 | $0 | $0 | $0 |
| Other | $9.37B | $2.18B | $2.06B | $2.22B | $1.89B | $2.07B | $1.91B | $2.03B | $2.01B | $1.87B | $1.78B | $3.39B | $2.68B | $2.21B | $1.19B | $1.28B | $145.9M | $151.85M | $185.03M | $2.75B | $2.28B | $6.8B | $6.01B | $4.05B | $2.84B | $2.23B |
| Total Operating Expenses | $12.81B | $5.33B | $4.96B | $5.41B | $5.41B | $5.02B | $4.6B | $4.56B | $4.47B | $4.15B | $3.92B | $5.93B | $4.74B | $4.04B | $2.76B | $2.86B | $3.75B | $2.69B | $3.58B | $5.97B | $5.51B | $6.8B | $6.01B | $4.05B | $2.84B | $2.23B |
| Operating Income (EBIT) | $1.43B | $1.74B | $693M | $1.73B | $3.56B | $1.78B | $1.37B | $750M | $864M | $955M | $770M | $392M | $616M | $746M | $405M | $548.7M | $344.9M | -$279.7M | $175.68M | $943.2M | $1.61B | $1.18B | $1.42B | $851.3M | $513.63M | $225.18M |
| Operating Margin | 9.9% | 13.0% | 6.0% | 15.1% | 23.6% | 16.7% | 16.2% | 9.9% | 11.3% | 13.2% | 11.6% | 4.9% | 8.3% | 11.2% | 8.4% | 10.1% | 5.9% | -6.6% | 3.2% | 10.0% | 16.7% | 14.3% | 18.4% | 16.7% | 14.7% | 8.8% |
| Interest Expense | $242M | $209M | $174M | $115M | $114M | $90M | $47M | $43M | $48M | $64M | $73M | $127M | $73M | $64M | $57M | $46.2M | $36.7M | $58.6M | $54.94M | $209.97M | $172.33M | $47.21M | $43.1M | $34.05M | $15.7M | $15.46M |
| Interest Income | $2.94B | $2.84B | $2.38B | $1.83B | $1.49B | $844M | $138M | $108M | $131M | $126M | $121M | $126M | $127M | $143M | $143M | $135M | $154.5M | $134M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | $0 | $16M | $17M | $15M | $64M | $15M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Income Before Tax (EBT) | $1.43B | $1.76B | $710M | $1.75B | $3.62B | $1.8B | $1.37B | $750M | $864M | $955M | $770M | $392M | $616M | $746M | $405M | $548.7M | $344.9M | -$279.7M | $175.68M | $943.2M | $1.61B | $1.18B | $1.42B | $851.3M | $513.63M | $225.18M |
| Income Tax Expense | $753M | $367M | $192M | $439M | $813M | $322M | $308M | $120M | $235M | $347M | $274M | $312M | $195M | $242M | $131M | $189.8M | $106.8M | -$119.9M | $46.78M | $350.87M | $573.39M | $438.11M | $539.84M | $306.47M | $0 | $0 |
| Net Income | $602M | $1.27B | $517M | $1.29B | $2.8B | $1.43B | $1.06B | $628M | $771M | $650M | $527M | $583M | $394M | $607M | $369M | $370.1M | $222.3M | -$179M | $129.77M | $437.76M | $964.11M | $740.96M | $861.82M | $531.72M | $301.95M | $128.13M |
| Net Income Margin | 4.2% | 9.5% | 4.5% | 11.3% | 18.6% | 13.3% | 12.5% | 8.3% | 10.1% | 9.0% | 7.9% | 7.3% | 5.3% | 9.1% | 7.7% | 6.8% | 3.8% | -4.2% | 2.3% | 4.6% | 10.0% | 8.9% | 11.2% | 10.5% | 8.7% | 5.0% |
| Supplementary Data | ||||||||||||||||||||||||||
| EPS | 2.22 | 4.69 | 1.91 | 4.71 | 8.50 | 5.02 | 3.89 | 2.30 | 2.44 | 1.92 | 1.51 | 2.09 | 1.75 | 2.74 | 1.69 | 1.64 | 0.99 | -0.85 | 0.60 | 2.40 | 5.56 | 4.27 | 4.97 | 3.06 | 1.74 | 0.74 |
| Diluted EPS | 2.21 | 4.65 | 1.91 | 4.67 | 8.44 | 4.99 | 3.83 | 2.26 | 2.38 | 1.92 | 1.51 | 2.09 | 1.71 | 2.68 | 1.66 | 1.61 | 0.97 | -0.85 | 0.59 | 2.39 | 5.55 | 4.27 | 4.97 | 3.06 | 1.74 | 0.74 |
| Weighted Average OS | 271.00M | 271.00M | 270.00M | 275.00M | 285.00M | 284.00M | 273.00M | 273.00M | 271.00M | 338.81M | 348.00M | 278.95M | 230.00M | 221.20M | 219.00M | 226.20M | 224.67M | 210.00M | 216.58M | 182.03M | 173.46M | 173.52M | 173.52M | 173.52M | 173.52M | 173.52M |
| EBITDA | $2.52B | $2.69B | $1.46B | $2.34B | $4.1B | $2.17B | $1.59B | $975M | $1.3B | $1.45B | $1.25B | $995M | $898M | $942M | $538M | $685.3M | $509.2M | -$78.3M | $360.71M | $1.61B | $2.19B | $1.33B | $1.69B | $959.52M | $629.55M | $328.68M |
| EBITDA Margin | 17.4% | 20.1% | 12.7% | 20.4% | 27.2% | 20.3% | 18.8% | 12.8% | 17.0% | 20.0% | 18.8% | 12.4% | 12.1% | 14.1% | 11.2% | 12.7% | 8.7% | -1.8% | 6.5% | 17.1% | 22.6% | 16.0% | 21.9% | 18.9% | 18.0% | 12.9% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 | FY 2005 | FY 2004 | FY 2003 | FY 2002 | FY 2001 | FY 2000 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Assets | ||||||||||||||||||||||||||
| Current Assets | ||||||||||||||||||||||||||
| Cash and Cash Equivalents | $2.38B | $3.41B | $2.5B | $2.04B | $3.88B | $2.45B | $992M | $1.26B | $1.11B | $1.32B | $780M | $700M | $1.97B | $1.13B | $665.7M | $580.8M | $202.1M | $315.3M | $569.56M | $676.44M | $462.16M | $268.41M | $459.65M | $482.6M | $491.71M | $214.4M |
| Short-Term Investments | $30.48B | $28.43B | $24.05B | $19.44B | $32.48B | $28.36B | $2.97B | $2.48B | $2.11B | $2.92B | $3.59B | $3.36B | $2.98B | $3.2B | $50.4M | $128.6M | $348.1M | $788.35M | $427.37M | $848.37M | $645.08M | $508.38M | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $32.86B | $31.84B | $26.56B | $21.49B | $36.36B | $30.8B | $3.96B | $3.73B | $3.22B | $4.24B | $4.37B | $4.06B | $4.95B | $4.33B | $716.1M | $709.4M | $550.2M | $1.1B | $996.93M | $1.52B | $1.11B | $776.8M | $459.65M | $482.6M | $491.71M | $214.4M |
| Accounts Receivable | $18.02B | $13.85B | $442M | $5.88B | $4.29B | $3.65B | $346M | $0 | $317M | $322M | $0 | $504M | $482M | $479M | $327.3M | $286.4M | $310.6M | $406.06M | $295.09M | $277.5M | $179M | $145.45M | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | -$35.98B | $0 | -$6.14B | $0 | -$2.94B | -$2.39B | -$3.65B | -$4.77B | -$4.87B | -$4.62B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $261M | $69M | $35.98B | $242M | $4.94B | -$35.45B | $2.94B | $0 | $0 | $21M | $442M | $913M | $0 | $0 | $0 | $995.8M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Current Assets | $51.14B | $45.76B | $27B | $29.85B | $40.66B | $0 | $4.3B | $4.04B | $2.11B | $343M | $442M | $1.42B | $2.59B | $1.75B | $1.09B | $4.35B | $3.98B | $3.46B | $3.62B | $3.83B | $3.1B | $922.24M | $459.65M | $482.6M | $491.71M | $214.4M |
| Long-Term Assets | ||||||||||||||||||||||||||
| Property, Plant & Equipment Net | $525M | $524M | $516M | $555M | $561M | $554M | $586M | $164M | $193M | $616M | $510M | $635M | $645M | $632.1M | $386.7M | $390.8M | $407.5M | $738.75M | $598.04M | $578.5M | $465.63M | $466.53M | $0 | $0 | $0 | $0 |
| Goodwill | $5.27B | $5.27B | $4.83B | $4.64B | $4.54B | $4.5B | $2.73B | $2.73B | $2.75B | $5.07B | $4.76B | $4.72B | $2.52B | $1.91B | $1.45B | $1.47B | $1.46B | $1.58B | $1.34B | $1.15B | $1.05B | $959.6M | $0 | $0 | $0 | $0 |
| Intangible Assets | $7.07B | $6.4B | $5.04B | $4.45B | $2.96B | $2.67B | $826M | $918M | $1.02B | $2B | $1.92B | $2.1B | $989M | $1.02B | $517.4M | $199.2M | $222.9M | $178.24M | $215.8M | $179.32M | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $42.71B | $35.18B | $4.83B | $25.93B | $37.63B | $31.99B | $4.23B | $3.41B | $3.26B | $4.23B | $4.75B | $4.5B | $3.63B | $3.95B | $3.97B | $4.23B | $4.58B | $4.36B | $3.35B | $3.96B | $3.28B | $2.8B | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $1.18B | $0 | $110M | $110M | $142M | -$9.63B | -$9.64B | -$9.44B | $0 | $0 | $0 | $32.1M | $128.9M | $139.22M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $2.3B | $2.24B | $67.72B | -$46M | -$1.18B | -$39.7B | -$110M | -$110M | -$3.65B | $3.79B | $4.47B | $5.05B | -$3.64B | -$3.93B | -$3.52B | -$3.75B | -$4.02B | -$4.23B | -$3.03B | -$4.37B | -$3.59B | -$4.22B | $0 | $0 | $0 | $0 |
| Total Long-Term Assets | $57.87B | $49.61B | $82.94B | $35.53B | $45.69B | $0 | $8.37B | $7.22B | $3.71B | $6.08B | $6.76B | $7.56B | $3.52B | $3.58B | $2.3B | $2.37B | $2.56B | $2.77B | $2.47B | $1.5B | $1.21B | $4.22B | $0 | $0 | $0 | $0 |
| Other Assets | $0 | $0 | -$29.33B | $0 | -$25.65B | $50.45B | -$2B | -$2.31B | $7.8B | $14.93B | $13.31B | $4.89B | $4.42B | $5.05B | $4.49B | $1.2B | $1.42B | $2.14B | $1.47B | $1.93B | $1.59B | -$72.55M | $7.26B | $5.25B | $0 | $0 |
| Total Assets | $109.01B | $95.37B | $80.61B | $65.14B | $60.69B | $50.45B | $10.68B | $8.96B | $13.62B | $21.36B | $20.52B | $13.87B | $10.52B | $10.38B | $7.88B | $7.91B | $7.96B | $8.37B | $7.56B | $7.26B | $5.9B | $5.07B | $7.26B | $5.25B | $3.85B | $3.54B |
| Liabilities | ||||||||||||||||||||||||||
| Current Liabilities | ||||||||||||||||||||||||||
| Accounts Payable | $246M | $191M | $339M | $156M | $129M | $115M | $44M | $35M | $39M | $42M | $68M | $81M | $236M | $186M | $48.8M | $57.3M | $54.8M | $66.42M | $60.66M | $5.21M | $1.13B | $0 | $0 | $0 | $0 | $0 |
| Short-Term Debt | $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 Income Tax Payable | $0 | $82M | $3M | $32M | $86M | $56M | $20M | $20M | $154M | $81M | $57M | $50M | $25M | $154.1M | $0 | $33.6M | $26.9M | $8.87M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $3M | $0 | -$416M | $0 | -$101M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $40.8M | $121.4M | $110M | $109.02M | $114.7M | $130.54M | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $18.64B | $14.2B | -$345M | $6.88B | $6.35B | -$1.06B | -$539M | -$35M | -$570M | $1.76B | $2.01B | $2.13B | -$236M | $2.24B | -$416.5M | -$404.3M | -$581.1M | -$284.74M | -$184.72M | -$1.06B | -$1.24B | $0 | $0 | $0 | $0 | $0 |
| Total Current Liabilities | $20.97B | $16.39B | $0 | $8.73B | $7.17B | $0 | $44M | $35M | $137M | $1.14B | $1.16B | $1.17B | $236M | $103.2M | $46.4M | $129.7M | $116.9M | $118.98M | $128.59M | $130.54M | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Liabilities | ||||||||||||||||||||||||||
| Long-Term Debt | $4.4B | $4.32B | $3.89B | $3.24B | $3.1B | $2.66B | $838M | $836M | $759M | $987M | $2.79B | $2.8B | $1.32B | $1.34B | $915.8M | $952M | $861.9M | $0 | $0 | $491.17M | $603.26M | $1.37B | $659.19M | $493.46M | $0 | $0 |
| Long-Term Unearned Revenue | $95M | $92M | $91M | $93M | $144M | $117M | $111M | $105M | $107M | $253M | $215M | $164M | $90M | $83.8M | $40.8M | $121.4M | $110M | $109.02M | $114.7M | $130.54M | $3.34B | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $439M | $0 | $1.53B | $71M | $205M | $300M | $284M | $227M | $169M | $629M | $594M | $703M | $144M | $122.6M | $95M | -$121.4M | -$110M | $0 | $60.61M | $43.65M | $75.84M | $51.25M | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $73.77B | $65.65B | $67.26B | $46.02B | $40.2B | -$3.49B | $3.28B | $3.16B | $3.17B | $6.29B | $3.4B | $1.86B | $3.44B | $3.71B | -$1.05B | $3.24B | -$861.9M | -$109.02M | -$114.7M | -$665.36M | -$4.02B | -$1.45B | -$659.19M | -$493.46M | $0 | $0 |
| Total Long-Term Liabilities | $79.08B | $70.45B | $73.15B | $49.84B | $44.06B | $0 | $4.96B | $1.17B | $4.2B | $4.19B | $4.91B | $5.53B | $1.47B | $5.05B | $4.16B | $4.31B | $4.47B | $109.02M | $60.61M | $534.82M | $3.41B | $2.39B | $3.37B | $2.86B | $0 | $0 |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $42.06B | $3.25B | $3.13B | $4.81B | $9.13B | $7.86B | $385M | $3.28B | $0 | -$5.8M | $6.1M | $36.82M | $5.28B | $4.07B | $3.06B | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $100.04B | $86.84B | $73.15B | $58.57B | $51.23B | $42.06B | $4.97B | $4.33B | $9.15B | $14.46B | $13.93B | $7.08B | $4.98B | $5.15B | $4.2B | $4.45B | $4.63B | $5.51B | $4.26B | $3.73B | $3.41B | $2.39B | $3.37B | $2.86B | $0 | $0 |
| Stockholders' Equity | ||||||||||||||||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $216.9M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $264.2M | $0 | $0 | $0 | $23K | $22K | $22K | $17K | $0 | $0 | $0 | $0 | $0 |
| Retained Earnings | $5.48B | $5.98B | $5.24B | $5.22B | $4.37B | $2.39B | $1.36B | $641M | $217M | $1.78B | $1.37B | $1.15B | $1.1B | $849.4M | $373.4M | $110.3M | -$102.4M | -$188.95M | $213.1M | $345.52M | $82.77M | $0 | $0 | $0 | $0 | $0 |
| Comprehensive Income & Other | -$1.68B | -$2.05B | -$2.12B | -$2.86B | $779M | $1.3B | $43M | -$13M | $111M | -$13M | -$69M | $2M | $37M | $58.5M | -$7.1M | $12.6M | $35.6M | -$91.76M | -$16.63M | -$63.05M | -$78.89M | -$42.3M | $0 | $0 | $0 | $0 |
| Other Stockholders' Equity | $1.94B | $1.77B | $1.66B | $891M | $5.04B | $5.96B | $4.03B | $3.99B | $4.23B | $4.21B | $4.38B | $5.56B | $3.97B | $3.64B | $3.28B | $3.33B | $3.42B | $2.99B | $3.03B | $3.13B | $2.4B | $2.68B | $3.87B | $2.25B | $1.74B | $1.59B |
| Total Equity | $7.42B | $7.75B | $6.91B | $6.12B | $9.41B | $8.35B | $5.38B | $4.63B | $4.45B | $6B | $5.75B | $6.71B | $5.07B | $4.75B | $3.66B | $3.44B | $3.32B | $2.81B | $3.24B | $3.47B | $2.48B | $2.68B | $3.87B | $2.25B | $1.74B | $1.59B |
| Minority Interest | $1.55B | $778M | $552M | $453M | $43M | $41M | $327M | -$2M | $20M | $902M | $834M | $77M | $474M | $481.1M | $23.2M | $17.3M | $19M | $51.2M | $53.87M | $56.04M | $4.34M | $3.95M | $14.84M | $131.8M | $239K | $204K |
| Total Liabilities and Equity | $107.47B | $94.59B | $80.06B | $64.69B | $60.65B | $50.41B | $10.35B | $8.96B | $13.6B | $20.46B | $19.68B | $13.79B | $10.05B | $9.9B | $7.86B | $7.89B | $7.94B | $8.32B | $7.5B | $7.2B | $5.89B | $5.07B | $7.25B | $5.11B | $1.74B | $1.59B |
| Supplementary Data | ||||||||||||||||||||||||||
| Total Debt | $4.77B | $4.71B | $4.28B | $3.66B | $3.51B | $3.08B | $1.28B | $836M | $759M | $2.75B | $2.79B | $2.83B | $1.32B | $1.34B | $915.8M | $952M | $861.88M | $1.35B | $1.17B | $491.17M | $603.26M | $22.39M | $659.19M | $493.46M | $0 | $0 |
| Net Debt | $2.39B | $1.3B | $1.78B | $1.61B | -$370M | $627M | $288M | -$421M | -$351M | $1.42B | $2.01B | $2.13B | -$646M | $212M | $250.1M | $371.2M | $659.78M | $1.04B | $598.18M | -$185.28M | $141.1M | -$246.02M | $199.53M | $10.86M | -$491.71M | -$214.4M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 | FY 2005 | FY 2004 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | 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 |
| Operating Activities | ||||||||||||||||||||||
| Net Income | $602M | $1.39B | $518M | $1.15B | $2.44B | $1.45B | $1.08B | $635M | $794M | $692M | $561M | $519M | $419M | $611.7M | $379.1M | $375.6M | $222.3M | -$179.02M | $129.77M | $437.76M | $538.98M | $558.16M |
| Depreciation & Amortization | $844M | $739M | $593M | $491M | $432M | $296M | $178M | $182M | $389M | $431M | $410M | $476M | $209M | $132M | $76M | $90.4M | $127.6M | $142.8M | $130.09M | $460.75M | $406.26M | $95.72M |
| Deferred Income Tax | $0 | $0 | $0 | $0 | -$738M | -$10M | -$328M | $0 | $0 | $0 | -$21M | -$16M | -$17M | -$31M | -$6.3M | $0 | -$13.8M | $35.29M | -$29.87M | -$64.98M | -$12.44M | $0 |
| Stock-Based Compensation | $0 | $82M | $60M | $49M | $42M | $39M | $38M | $31M | $44M | $58M | $56M | $51M | $35M | $27.5M | $26.6M | $25.1M | $33.7M | $32.67M | $29.87M | $64.98M | $12.44M | $0 |
| Changes in Working Capital: | ||||||||||||||||||||||
| Accounts Receivable | $0 | -$56M | $115M | $327M | -$116M | -$43M | -$36M | $15M | -$11M | -$14M | $7M | -$22M | $0 | -$14.5M | $15.4M | -$28.2M | $48.6M | $27.63M | $36.03M | -$140.19M | -$33.58M | $0 |
| Inventory | $0 | $0 | $0 | $0 | -$36M | -$26M | -$211M | $15M | -$57M | -$100M | -$135M | -$129M | $0 | -$109.1M | $0 | $0 | $34.7M | $65.71M | $0 | $0 | -$92.61M | $0 |
| Accounts Payable | $0 | $0 | $0 | -$50M | $36M | $26M | $211M | $38M | -$31M | $87M | -$15M | -$91M | $101M | $63.3M | -$51M | $36.9M | -$80.9M | -$115.58M | $84.17M | -$58.91M | -$61.74M | $0 |
| Other Working Capital | $5.35B | $5.38B | $4.59B | $2.45B | $2B | -$54M | $195M | -$68M | -$133M | -$2M | $37M | $198M | -$277M | $146.3M | -$155.8M | -$78.8M | $5.9M | -$662K | $131.55M | -$199.1M | $192.51M | $3.36M |
| Total Working Capital Change | $5.35B | $5.32B | $4.71B | $2.73B | $1.89B | -$97M | $159M | -$15M | -$232M | -$29M | -$106M | -$44M | -$176M | $86M | -$191.4M | -$70.1M | $8.3M | -$22.91M | $251.76M | -$398.2M | $4.59M | $3.36M |
| Other Non-Cash Items | -$277M | -$721M | $597M | -$68M | $23M | -$102M | -$2M | $110M | -$258M | $10M | $17M | -$419M | $14M | -$206.2M | -$159.1M | -$238.5M | $2.2M | -$4.25M | -$169.69M | $220.84M | -$252.36M | -$11.44M |
| Net Cash from Operating | $6.52B | $6.82B | $6.48B | $4.36B | $4.09B | $1.58B | $1.12B | $943M | $737M | $1.16B | $917M | $567M | $484M | $620M | $124.9M | $182.5M | $380.3M | $4.59M | $341.93M | $721.15M | $697.47M | $645.8M |
| Investing Activities | ||||||||||||||||||||||
| Capital Expenditures | -$147M | -$146M | -$132M | -$138M | -$131M | -$110M | -$96M | -$83M | -$149M | -$290M | -$241M | -$210M | -$145M | -$79.2M | -$35.9M | -$53.9M | -$59.8M | -$107.28M | -$124.64M | -$344.75M | -$100.2M | -$77.58M |
| Acquisitions | -$62M | -$1.72B | -$1.59B | -$1.26B | -$1.85B | -$1.25B | -$35M | -$59M | -$235M | -$723M | -$152M | -$2.36B | -$45M | -$80.9M | $31.7M | $183.2M | $4.9M | -$89.37M | -$245.82M | -$172.96M | -$137.24M | -$115.71M |
| Purchases of Investments | -$25.69B | -$18.9B | -$13.98B | -$15.72B | -$16.01B | -$4.81B | -$1.26B | -$1.5B | -$893M | -$598M | -$1.69B | -$1.43B | -$979M | -$1.17B | -$1.33B | -$1.43B | -$1.93B | -$757.25M | -$5.17B | -$2.96B | -$2.91B | -$3.25B |
| Sales of Investments | $16.28B | $12.27B | $6.21B | $6.34B | $10.06B | $3.59B | $831M | $1.19B | $1.08B | $1.22B | $1.16B | $1.24B | $1.09B | $1.01B | $1.37B | $1.63B | $1.56B | $928.79M | $5.52B | $3.28B | $2.67B | $3.06B |
| Other Investing Activities | -$11M | $628M | $407M | $250M | $480M | $246M | $42M | $93M | $101M | $138M | $358M | $44M | $22M | $4.6M | $122.9M | $1.5M | $53.8M | $179K | -$495.73M | $82.71M | $60M | $13.41M |
| Net Cash from Investing | -$9.63B | -$7.86B | -$9.09B | -$10.52B | -$7.45B | -$2.33B | -$520M | -$354M | -$95M | -$254M | -$571M | -$2.72B | -$60M | -$310M | $149.5M | $332.7M | -$368.6M | -$24.93M | -$515.62M | -$115.72M | -$414.93M | -$367.7M |
| Financing Activities | ||||||||||||||||||||||
| Debt Repaid | -$106M | -$453M | -$666M | -$150M | -$449M | -$1.25B | - | -$72M | $211M | $68M | -$1M | -$691M | $18M | -$122M | $16M | -$90.2M | $251.4M | -$116.9M | -$541.04M | $231.91M | -$1.81B | $33.23M |
| Common Stock Issuance | $4M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $475M | $0 | $511M | $0 | $0 | $0 | $331.4M | $0 | $8.41M | $50.65M | $0 | $0 |
| Common Stock Repurchases | -$289M | -$34M | -$24M | -$553M | -$463M | -$236M | -$86M | -$20M | -$70M | -$276M | -$498M | -$2M | -$34M | -$38M | -$86.2M | -$117.6M | -$74.9M | -$46M | -$187.25M | -$145.69M | -$70.87M | $0 |
| Dividends Paid | -$546M | -$532M | -$500M | -$489M | -$446M | -$389M | -$344M | -$328M | -$278M | -$239M | -$220M | -$203M | -$153M | -$128M | -$105.1M | -$156.6M | -$135.8M | -$223.04M | -$262.18M | -$195.91M | -$841.15M | -$438M |
| Other Financing Activities | $2.9B | $1.87B | $2.97B | $5B | $5.48B | $1.48B | -$37M | -$166M | -$470M | $6M | $492M | $534M | -$325M | $96M | -$5.2M | -$6.7M | $18.6M | $5.58M | $10.17M | $137.38M | $1.03B | $68.27M |
| Net Cash from Financing | $2.26B | $1.76B | $3.09B | $4.09B | $5B | $2.1B | -$482M | -$442M | -$999M | -$588M | -$238M | $1.09B | $340M | $51.6M | -$204.6M | -$185.9M | -$112.1M | -$150.03M | $101.78M | -$436.13M | -$128.31M | -$369.6M |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | -$843M | $712M | $481M | -$2.07B | $1.64B | $1.34B | $119M | $147M | -$357M | $320M | $108M | -$1.07B | $764M | $361.6M | $69.8M | $329.3M | -$100.4M | -$170.37M | -$71.91M | $169.3M | $154.23M | -$91.5M |
| Supplementary Data | ||||||||||||||||||||||
| Operating Cash Flow | $6.52B | $6.82B | $6.48B | $4.36B | $4.09B | $1.58B | $1.12B | $943M | $737M | $1.16B | $917M | $567M | $484M | $620M | $124.9M | $182.5M | $380.3M | $4.59M | $341.93M | $721.15M | $697.47M | $645.8M |
| Capital Expenditure | -$147M | -$146M | -$132M | -$138M | -$131M | -$110M | -$96M | -$83M | -$149M | -$290M | -$241M | -$210M | -$145M | -$79.2M | -$35.9M | -$53.9M | -$59.8M | -$107.28M | -$124.64M | -$344.75M | -$100.2M | -$77.58M |
| Free Cash Flow | $6.38B | $6.67B | $6.35B | $4.22B | $3.96B | $1.47B | $1.02B | $860M | $588M | $872M | $676M | $357M | $339M | $540.8M | $89M | $128.6M | $320.5M | -$102.69M | $217.29M | $376.39M | $597.27M | $568.21M |
| Cash at Beginning | $3.48B | $2.77B | $2.29B | $4.36B | $2.72B | $1.38B | $1.26B | $1.11B | $992M | $672M | $564M | $1.63B | $866M | $504.4M | $434.6M | $105.3M | $205.7M | $376.08M | $447.99M | $278.69M | $73.21M | $164.72M |
| Cash at End | $2.64B | $3.48B | $2.77B | $2.29B | $4.36B | $2.72B | $1.38B | $1.26B | $635M | $992M | $672M | $564M | $1.63B | $866M | $504.4M | $434.6M | $105.3M | $205.71M | $376.08M | $447.99M | $227.45M | $73.21M |