FEDERAL REALTY INVESTMENT TRUST (FRT)
Federal Realty Investment Trust (FRT) stands out as a premier entity specializing in the acquisition, management, and redevelopment of high-quality retail properties. These assets are strategically situated primarily in prominent coastal metropolitan areas, spanning the Eastern Seaboard from Washington D.C. to Boston, and extending to key West Coast cities such as San Francisco and Los Angeles. Established in 1962, Federal Realty's core objective is to generate enduring, consistent growth by concentrating investments in communities where consumer demand for retail offerings significantly surpasses existing supply. The company is particularly skilled at developing vibrant, integrated urban districts, exemplified by projects like Santana Row in San Jose, California; Pike & Rose in North Bethesda, Maryland; and Assembly Row in Somerville, Massachusetts. These dynamic, mixed-use environments seamlessly blend shopping, dining, residential, and commercial spaces, fostering cherished destination experiences for their local populations. FRT's extensive portfolio encompasses 106 properties, accommodating roughly 3,100 businesses across 25 million square feet of commercial space, alongside approximately 3,200 residential units. Demonstrating exceptional financial stability, Federal Realty boasts an unparalleled track record in the REIT sector, having increased its quarterly shareholder dividends for 54 consecutive years. As an S&P 500 index constituent, its shares are publicly traded on the NYSE under the ticker FRT.
Sector: Real Estate Investment Trusts
Industry: REIT - Retail
Federal Realty Investment Trust
NYSE:FRTReal Estate · REIT - Retail
-0.15%$108.72
AH Close$108.72+0.00%vs close
AH Close$108.72+0.00%vs close
Mkt Cap$9.45B
Float85.61M
O/S86.89M
Inst Own98.4%
SI5.5%
Div Yield4.19%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$1.28B
Net Income$411.08M
Total Assets$9.13B
Free Cash Flow$331.04M
Debt & Equity
Debt 60%
Equity 39%
Preferred 2%
Total Debt$5.03B
Total Equity$3.25B
Preferred Stock$159.82M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in FRT's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$9.13B
Liabilities$5.63B
Accounts Receivable$258.85M
Accounts Payable$219.68M
Inventory$0
PP&E (Net)$89.53M
Goodwill$0
Intangible Assets$16.3M
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 | FY 2005 | FY 2004 | FY 2003 | FY 2002 | FY 2001 | FY 2000 | FY 1999 | FY 1998 | FY 1997 | FY 1996 | FY 1995 | FY 1994 | FY 1993 | FY 1992 | FY 1991 | FY 1990 | FY 1989 | FY 1988 | FY 1987 | FY 1986 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 | 2005-12-31 | 2004-12-31 | 2003-12-31 | 2002-12-31 | 2001-12-31 | 2000-12-31 | 1999-12-31 | 1998-12-31 | 1997-12-31 | 1996-12-31 | 1995-12-31 | 1994-12-31 | 1993-12-31 | 1992-12-31 | 1991-12-31 | 1990-12-31 | 1989-12-31 | 1988-12-31 | 1987-12-31 | 1986-12-31 |
| Revenue | $1.28B | $1.2B | $1.13B | $1.07B | $951.22M | $835.49M | $935.79M | $915.44M | $857.35M | $801.59M | $744.01M | $686.09M | $637.41M | $605.79M | $551.1M | $541.8M | $530.52M | $520.19M | $483.12M | $451.02M | $410.33M | $385.39M | $345.76M | $297.29M | $271.54M | $274.19M | $264.71M | $238.48M | $210.6M | $179.06M | $154.39M | $137.76M | $114.5M | $102.2M | $97.7M | $91.9M | $90.1M | $68.1M | $60.1M | $44.8M |
| YoY Growth | 6.3% | 6.2% | 5.4% | 12.9% | 13.9% | -10.7% | 2.2% | 6.8% | 7.0% | 7.7% | 8.4% | 7.6% | 5.2% | 9.9% | 1.7% | 2.1% | 2.0% | 7.7% | 7.1% | 9.9% | 6.5% | 11.5% | 16.3% | 9.5% | -1.0% | 3.6% | 11.0% | 13.2% | 17.6% | 16.0% | 12.1% | 20.3% | 12.0% | 4.6% | 6.3% | 2.0% | 32.3% | 13.3% | 34.2% | - |
| Cost of Revenue | $1.15B | $391.8M | $363.1M | $356.78M | $316.62M | $290.16M | $298.76M | $287.87M | $272.73M | $253.61M | $233.42M | $211.92M | $190.45M | $179.07M | $169.77M | $169.18M | $166.74M | $165.2M | $146.26M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Gross Profit | $124.41M | $810.65M | $769.06M | $717.6M | $634.61M | $545.33M | $637.03M | $627.57M | $584.62M | $547.98M | $510.6M | $474.17M | $446.96M | $426.72M | $381.33M | $372.62M | $363.78M | $354.99M | $336.86M | $451.02M | $410.33M | $385.39M | $345.76M | $297.29M | $271.54M | $274.19M | $264.71M | $238.48M | $210.6M | $179.06M | $154.39M | $137.76M | $114.5M | $102.2M | $97.7M | $91.9M | $90.1M | $68.1M | $60.1M | $44.8M |
| Gross Margin | 9.7% | 67.4% | 67.9% | 66.8% | 66.7% | 65.3% | 68.1% | 68.6% | 68.2% | 68.4% | 68.6% | 69.1% | 70.1% | 70.4% | 69.2% | 68.8% | 68.6% | 68.2% | 69.7% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $46.91M | $49.74M | $50.71M | $52.64M | $49.86M | $41.68M | $42.75M | $33.6M | $36.28M | $33.4M | $35.65M | $32.32M | $31.97M | $31.16M | $28.98M | $24.19M | $22.03M | $26.73M | $26.58M | $21.34M | $19.91M | $18.16M | $11.82M | $13.79M | $14.28M | $13.32M | $15.12M | $11.8M | $11.7M | $9.1M | $7.3M | $6.66M | $4.7M | $4.1M | $3.4M | $3.6M | $3.6M | $0 | $0 | $0 |
| Other | -$382.02M | $288.56M | $311.88M | $138.55M | $190.03M | $214.13M | $123.36M | $232.33M | $138.13M | $193.59M | $174.8M | $170.81M | $160.83M | $141.7M | $125.89M | $119.21M | $131.17M | $111.02M | $101.63M | $230.65M | $214.11M | $214.85M | $187.11M | $299.86M | $123.21M | $267.24M | $128.71M | $123.47M | $110.14M | $95.25M | $84.47M | $78.78M | -$66.9M | -$57.6M | -$45.7M | -$42.9M | -$37.6M | -$36.9M | -$30.4M | -$22.5M |
| Total Operating Expenses | -$335.11M | $338.3M | $362.59M | $191.19M | $239.88M | $255.81M | $166.12M | $265.93M | $174.41M | $226.98M | $210.44M | $203.13M | $192.8M | $172.86M | $154.87M | $143.4M | $153.2M | $137.75M | $128.21M | $251.99M | $234.02M | $233.01M | $198.93M | $313.65M | $137.49M | $280.56M | $143.83M | $135.27M | $121.84M | $104.35M | $91.77M | $85.44M | -$62.2M | -$53.5M | -$42.3M | -$39.3M | -$34M | -$36.9M | -$30.4M | -$22.5M |
| Operating Income (EBIT) | $459.51M | $472.36M | $406.47M | $526.41M | $394.73M | $289.52M | $470.91M | $361.64M | $410.21M | $321M | $300.15M | $271.04M | $254.16M | $253.86M | $226.46M | $229.22M | $210.58M | $217.24M | $208.65M | $199.04M | $176.31M | $152.38M | $146.83M | -$16.36M | $134.05M | -$6.37M | $120.88M | $103.21M | $88.76M | $74.7M | $62.62M | $52.32M | $176.7M | $155.7M | $140M | $131.2M | $124.1M | $105M | $90.5M | $67.3M |
| Operating Margin | 35.9% | 39.3% | 35.9% | 49.0% | 41.5% | 34.7% | 50.3% | 39.5% | 47.8% | 40.0% | 40.3% | 39.5% | 39.9% | 41.9% | 41.1% | 42.3% | 39.7% | 41.8% | 43.2% | 44.1% | 43.0% | 39.5% | 42.5% | -5.5% | 49.4% | -2.3% | 45.7% | 43.3% | 42.1% | 41.7% | 40.6% | 38.0% | 154.3% | 152.3% | 143.3% | 142.8% | 137.7% | 154.2% | 150.6% | 150.2% |
| Interest Expense | $181.11M | $175.48M | $167.81M | $136.99M | $127.7M | $136.29M | $109.62M | $110.15M | $100.13M | $94.99M | $92.55M | $93.94M | $104.98M | $113.34M | $98.47M | $101.88M | $108.78M | $99.16M | $111.36M | $118.71M | $88.57M | $85.06M | $94.5M | $55.29M | $68.76M | $60.52M | $48.44M | $44.96M | $46.5M | $28.74M | $23.11M | $20.47M | $18.1M | $9.4M | $0 | $0 | $0 | $36.9M | $30.4M | $22.5M |
| Interest Income | $4.26M | $4.29M | $4.69M | $1.07M | $809K | $1.89M | $1.27M | $942K | $475K | $374K | $149K | $94K | $433K | $689K | $218K | $4.86M | $1.89M | $916K | $921K | $0 | $2.21M | $1.51M | $1.27M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | -$35.87M | -$168.02M | -$159.25M | -$130.75M | -$125.64M | -$153.64M | -$110.37M | -$100.69M | -$112.34M | -$94.57M | -$110.06M | -$103.15M | -$116.35M | -$112.29M | -$97.38M | -$103.37M | -$112.26M | -$87.55M | -$109.05M | -$80.32M | -$61.7M | -$72.33M | -$58.43M | $16.36M | $18.37M | $6.37M | -$120.88M | -$103.21M | -$88.76M | -$45.96M | -$39.51M | -$31.85M | $0 | $0 | -$126.8M | -$117.4M | -$105.1M | -$105M | -$24.4M | -$15.1M |
| Income Before Tax (EBT) | $423.65M | $304.33M | $247.22M | $395.66M | $269.08M | $135.89M | $360.54M | $249.03M | $297.87M | $226.43M | $190.09M | $167.89M | $137.81M | $142.97M | $130.32M | $125.85M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $13.2M | $13.8M | $19M | $0 | $0 | $0 |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $8.9M | $8M | $7M | $0 | $0 | $0 |
| Net Income | $411.08M | $295.21M | $236.99M | $385.49M | $261.5M | $131.71M | $353.87M | $241.91M | $289.91M | $249.91M | $210.22M | $164.53M | $162.68M | $151.93M | $143.92M | $122.79M | $98.3M | $129.79M | $195.54M | $118.71M | $114.61M | $84.16M | $94.5M | $55.29M | $68.76M | $60.52M | $48.44M | $44.96M | $46.5M | $28.74M | $23.11M | $20.47M | $18.1M | $9.4M | $4.8M | $5.8M | $12M | $5.4M | $6M | $7.4M |
| Net Income Margin | 32.1% | 24.6% | 20.9% | 35.9% | 27.5% | 15.8% | 37.8% | 26.4% | 33.8% | 31.2% | 28.3% | 24.0% | 25.5% | 25.1% | 26.1% | 22.7% | 18.5% | 25.0% | 40.5% | 26.3% | 27.9% | 21.8% | 27.3% | 18.6% | 25.3% | 22.1% | 18.3% | 18.9% | 22.1% | 16.1% | 15.0% | 14.9% | 15.8% | 9.2% | 4.9% | 6.3% | 13.3% | 7.9% | 10.0% | 16.5% |
| Supplementary Data | ||||||||||||||||||||||||||||||||||||||||
| EPS | 4.79 | 3.42 | 2.80 | 4.71 | 3.26 | 1.62 | 4.61 | 3.18 | 3.97 | 3.51 | 3.04 | 2.42 | 2.47 | 2.36 | 2.29 | 1.99 | 1.63 | 2.20 | 3.48 | 1.94 | 1.96 | 1.42 | 1.60 | 0.86 | 1.09 | 1.36 | 1.02 | 0.94 | 1.16 | 0.86 | 0.72 | 0.67 | 0.75 | 0.41 | 0.28 | 0.35 | 0.82 | 0.39 | 0.47 | 0.65 |
| Diluted EPS | 4.79 | 3.42 | 2.80 | 4.71 | 3.26 | 1.62 | 4.61 | 3.18 | 3.97 | 3.50 | 3.03 | 2.41 | 2.46 | 2.35 | 2.28 | 1.98 | 1.63 | 2.19 | 3.45 | 1.92 | 1.94 | 1.41 | 1.59 | 0.85 | 1.09 | 1.35 | 1.02 | 0.94 | 1.14 | 0.86 | 0.72 | 0.67 | 0.74 | 0.41 | 0.28 | 0.35 | 0.82 | 0.39 | 0.47 | 0.65 |
| Weighted Average OS | 85.85M | 83.56M | 81.31M | 79.85M | 77.34M | 75.52M | 74.77M | 73.27M | 72.12M | 70.88M | 68.80M | 67.32M | 65.33M | 63.88M | 62.44M | 61.18M | 59.70M | 58.66M | 56.11M | 53.47M | 52.53M | 51.01M | 47.38M | 41.62M | 39.16M | 38.80M | 39.57M | 39.17M | 38.45M | 33.57M | 31.86M | 30.68M | 24.13M | 22.93M | 17.14M | 16.57M | 14.63M | 13.85M | 12.77M | 11.38M |
| EBITDA | $972.6M | $822.41M | $736.79M | $835.06M | $676.75M | $527.2M | $709.92M | $603.42M | $614.04M | $515M | $457.44M | $432.64M | $403.89M | $398.35M | $355.35M | $347.55M | $342.03M | $328.3M | $314.61M | $296.92M | $267.82M | $242.81M | $221.45M | $529.27M | $271.54M | $46.89M | $170.9M | $153.92M | $357.1M | $112.86M | $97.52M | $82.12M | $202.7M | $179.7M | $161.9M | $150.3M | $140.3M | $105M | $90.5M | $67.3M |
| EBITDA Margin | 76.1% | 68.4% | 65.1% | 77.7% | 71.1% | 63.1% | 75.9% | 65.9% | 71.6% | 64.2% | 61.5% | 63.1% | 63.4% | 65.8% | 64.5% | 64.1% | 64.5% | 63.1% | 65.1% | 65.8% | 65.3% | 63.0% | 64.0% | 178.0% | 100.0% | 17.1% | 64.6% | 64.5% | 169.6% | 63.0% | 63.2% | 59.6% | 177.0% | 175.8% | 165.7% | 163.5% | 155.7% | 154.2% | 150.6% | 150.2% |
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 | FY 1998 | FY 1997 | FY 1996 | FY 1995 | FY 1994 | FY 1993 | FY 1992 | FY 1991 | FY 1990 | FY 1989 | FY 1988 | FY 1987 | FY 1986 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 | 2005-12-31 | 2004-12-31 | 2003-12-31 | 2002-12-31 | 2001-12-31 | 2000-12-31 | 1999-12-31 | 1998-12-31 | 1997-12-31 | 1996-12-31 | 1995-12-31 | 1994-12-31 | 1993-12-31 | 1992-12-31 | 1991-12-31 | 1990-12-31 | 1989-12-31 | 1988-12-31 | 1987-12-31 | 1986-12-31 |
| Assets | ||||||||||||||||||||||||||||||||||||||||
| Current Assets | ||||||||||||||||||||||||||||||||||||||||
| Cash and Cash Equivalents | $107.42M | $123.41M | $250.82M | $85.56M | $162.13M | $798.33M | $127.43M | $64.09M | $15.19M | $23.37M | $21.05M | $47.95M | $88.93M | $36.99M | $67.81M | $15.8M | $135.39M | $15.22M | $50.69M | $11.49M | $8.64M | $30.48M | $34.97M | $23.12M | $17.56M | $11.36M | $11.74M | $17.23M | $17.04M | $11.04M | $10.52M | $4M | -$137.3M | -$125.6M | -$126.4M | -$128M | -$128.5M | $0 | $0 | $0 |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $300K | $3.6M | $4M | $35.6M | $487.1M | $494M | $476.3M | $0 | $0 | $0 |
| Cash and Short-Term Investments | $107.42M | $123.41M | $250.82M | $85.56M | $162.13M | $798.33M | $127.43M | $64.09M | $15.19M | $23.37M | $21.05M | $47.95M | $88.93M | $36.99M | $67.81M | $15.8M | $135.39M | $15.22M | $50.69M | $11.49M | $8.64M | $30.48M | $34.97M | $23.12M | $17.56M | $11.36M | $11.74M | $17.23M | $17.04M | $11.04M | $10.82M | $7.59M | $4M | $35.6M | $487.1M | $494M | $476.3M | $0 | $0 | $0 |
| Accounts Receivable | $258.85M | $238.22M | $210.93M | $207.1M | $178.55M | $199.67M | $183M | $172.67M | $240.31M | $146.65M | $152.02M | $144.28M | $139.99M | $129.51M | $131.89M | $113.81M | $120.53M | $73.69M | $61.11M | $47.49M | $38.16M | $34.85M | $31.21M | $18.72M | $18.58M | $13.09M | $23.13M | $17.87M | $18.79M | $17.29M | $16.1M | $18.8M | $0 | $0 | $7.7M | $8.2M | $8M | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | -$9.09M | $0 | $0 | $0 | -$237.07M | -$218.95M | -$227.06M | -$265.7M | -$237.8M | -$208.56M | -$191.58M | -$160.17M | -$145.06M | -$132.66M | -$121.49M | $0 | -$99.27M | $0 | $0 | -$165.16M | -$129.97M | -$137.09M | -$66.17M | -$99.1M | -$86.88M | -$62.59M | -$71.67M | -$73.61M | -$67.97M | -$79.71M | -$49.91M | -$45.55M | -$4M | -$35.6M | -$494.8M | -$502.2M | -$484.3M | $0 | $0 | $0 |
| Total Current Assets | $357.17M | $361.63M | $461.75M | $292.66M | $340.68M | $998M | $310.43M | $236.75M | $255.49M | $170.02M | $173.07M | $192.23M | $228.92M | $166.5M | $199.69M | $129.61M | $255.92M | $184.25M | $215.42M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Assets | ||||||||||||||||||||||||||||||||||||||||
| Property, Plant & Equipment Net | $89.53M | $92.44M | $93.84M | $140.04M | $140.57M | $143.36M | $146.18M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $3.31B | $2.86B | $2.82B | $2.83B | $2.7B | $2.46B | $2.17B | $2.07B | $1.96B | $1.86B | $1.71B | $1.5B | $1.4B | $1.36B | $1.21B | $924.31M | $818.89M | $692.09M | $623M | $485.7M | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $16.3M | $8.13M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $31.88M | $33.46M | $34.87M | $145.21M | $13.03M | $22.13M | $28.6M | $26.86M | $23.94M | $14.86M | $41.55M | $37.46M | $32.26M | $33.17M | $34.35M | $51.61M | $35.63M | $29.25M | $29.65M | $10.32M | $9.38M | $9.63M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $261K | $3.59M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax 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 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | -$48.18M | $8.03B | $7.85B | $7.66B | $7.13B | $6.44B | $6.31B | $6.03B | $6B | $5.24B | $4.68B | $4.32B | $3.96B | $3.7B | $125.21M | $117.6M | $109.61M | $51.84M | $48.09M | -$2.47B | -$2.17B | -$2.08B | -$1.96B | -$1.86B | -$1.71B | -$1.5B | -$1.4B | -$1.36B | -$1.21B | -$924.31M | -$819.15M | -$695.67M | -$623M | -$485.7M | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Long-Term Assets | $89.53M | $8.16B | $7.97B | $7.94B | $7.28B | $6.61B | $6.48B | $6.05B | $6.02B | $5.25B | $4.72B | $4.35B | $3.99B | $3.73B | $3.47B | $3.03B | $2.97B | $2.91B | $2.77B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Assets | $8.68B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2.69B | $2.35B | $2.27B | $2.14B | $2B | $1.83B | $1.62B | $1.53B | $1.48B | $1.32B | $1.04B | $886.15M | $753.74M | $690.9M | $603.8M | $563.1M | $551.3M | $564.4M | $475.7M | $402.3M | $305.6M |
| Total Assets | $9.13B | $8.52B | $8.44B | $8.23B | $7.62B | $7.61B | $6.79B | $6.29B | $6.28B | $5.42B | $4.91B | $4.55B | $4.22B | $3.9B | $3.66B | $3.16B | $3.22B | $3.09B | $2.99B | $2.69B | $2.35B | $2.27B | $2.14B | $2B | $1.84B | $1.62B | $1.53B | $1.48B | $1.32B | $1.04B | $886.15M | $753.74M | $690.9M | $603.8M | $563.1M | $551.3M | $564.4M | $475.7M | $402.3M | $305.6M |
| Liabilities | ||||||||||||||||||||||||||||||||||||||||
| Current Liabilities | ||||||||||||||||||||||||||||||||||||||||
| Accounts Payable | $219.68M | $183.56M | $174.71M | $190.34M | $235.17M | $228.64M | $255.5M | $177.92M | $196.33M | $201.76M | $146.53M | $145.69M | $156.27M | $120.93M | $104.66M | $114.33M | $120.77M | $98.26M | $110.06M | $376.95M | $367.79M | $340.19M | $61.02M | $79.52M | $414.06M | $239.11M | $85.52M | $85.15M | $7.09M | $6.78M | $8.57M | $6.57M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Short-Term Debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $41M | $0 | $53.5M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $210.82M | $109.02M | $316.75M | $325.05M | $361.32M | $207.71M | $174.84M | $209M | $162.77M | $263.16M | $119.03M | $66.11M | $49.98M | $61.88M | $30.5M | $6.1M | $11.7M | $31.2M | $29.4M | $0 | $0 | $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 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $152.42M | $157.94M | $182.9M | $169.39M | $115.82M | $121.79M | $105.16M | $100.28M | $103.38M | $68.76M | $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 | $0 | $0 | $0 | $0 | $0 | -$152.42M | -$157.94M | -$182.9M | -$210.39M | -$115.82M | -$175.29M | -$105.16M | -$100.28M | -$103.38M | -$68.76M | $0 | $0 | $0 | -$286.93M | -$667.15M | -$864.63M | -$852.48M | -$448.36M | -$311.58M | -$710.86M | -$589.62M | -$389.75M | -$489.68M | -$389.48M | -$337.56M | -$313.11M | -$327.31M | -$30.5M | -$6.1M | -$11.7M | -$31.2M | -$29.4M | $0 | $0 | $0 |
| Total Current Liabilities | $351.02M | $311.25M | $297.83M | $309.11M | $347.04M | $332.87M | $358.88M | $274M | $288.93M | $289.48M | $228.31M | $220.42M | $221.43M | $181.57M | $161.11M | $155.93M | $161.57M | $136.98M | $146.21M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Liabilities | ||||||||||||||||||||||||||||||||||||||||
| Long-Term Debt | $4.94B | $4.47B | $4.6B | $4.33B | $4.05B | $4.29B | $3.36B | $3.16B | $3.21B | $2.73B | $2.56B | $2.34B | $2.25B | $2.14B | $2.05B | $1.08B | $930.22M | $1.68B | $1.56B | $988.27M | $653.67M | $568.12M | $532.75M | $532.28M | $408.29M | $363.68M | $463.29M | $287.89M | $544.9M | $159.69M | $108.49M | -$57.61M | $196.4M | $216.3M | $241.5M | $229.8M | $231.7M | $166.3M | $199M | $39.7M |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $152.42M | $157.94M | $182.9M | $169.39M | $115.82M | $121.79M | $105.16M | $100.28M | $103.38M | $68.76M | $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 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $250.49M | $227.83M | $225.44M | $237.7M | $206.19M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $742.67M | $859.18M | $63.06M | $58.18M | -$1.14B | -$653.67M | -$568.12M | -$692.24M | -$636.68M | -$508.58M | -$485.29M | -$585.29M | -$410.29M | -$670.8M | -$290.29M | -$240.29M | -$75.29M | -$333.7M | -$341.9M | -$367.9M | -$357.8M | -$360.2M | -$166.3M | -$199M | -$39.7M |
| Total Long-Term Liabilities | $5.28B | $4.79B | $4.91B | $4.71B | $4.4B | $4.59B | $3.66B | $3.41B | $3.45B | $2.91B | $2.75B | $2.51B | $2.42B | $2.31B | $2.18B | $1.82B | $1.85B | $1.81B | $1.7B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$981.79M | -$635.34M | -$833.36M | -$824.24M | -$422.34M | -$277.83M | -$689.19M | -$585.97M | -$370.31M | -$470.71M | -$252.06M | -$203.5M | -$190.38M | -$201.37M | -$30.5M | -$6.1M | -$11.7M | -$31.2M | -$29.4M | $0 | $0 | $0 |
| Total Liabilities | $5.63B | $5.1B | $5.21B | $5.02B | $4.75B | $4.92B | $4.02B | $3.69B | $3.74B | $3.2B | $2.99B | $2.74B | $2.64B | $2.49B | $2.33B | $1.98B | $2.01B | $1.95B | $1.84B | $1.88B | $1.56B | $1.46B | $1.42B | $1.34B | $1.22B | $1.13B | $1.01B | $954.37M | $762.76M | $646.42M | $558.69M | $408.58M | $406.7M | $380.9M | $411.7M | $421.3M | $416.5M | $380M | $302M | $216.8M |
| Stockholders' Equity | ||||||||||||||||||||||||||||||||||||||||
| Preferred Stock | $159.82M | $159.82M | $159.82M | $159.82M | $160M | $160M | $160M | $160M | $160M | $10M | $10M | $10M | $10M | $10M | $10M | $10M | $10M | $10M | $10M | $0 | $135M | $135M | $0 | $100M | $235M | $100M | $100M | $100M | $100M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $869K | $862K | $833K | $818K | $790K | $771K | $759K | $745K | $733K | $722K | $696K | $687K | $1.44B | $648K | $1.21B | $615K | $1.17B | $1.1B | $601K | $568K | $544K | $536K | $506K | $450K | $417K | $410K | $404K | $707.72M | $684.82M | $597.92M | $508.87M | $496.96M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Retained Earnings | -$1.22B | -$1.24B | -$1.16B | -$1.03B | -$1.07B | -$988.27M | -$791.12M | -$818.88M | -$749.37M | -$749.73M | -$724.7M | -$683.99M | -$623.79M | -$586.97M | -$555.54M | -$527.58M | -$486.45M | -$426.57M | -$407.38M | -$467.37M | -$437.82M | -$416.03M | -$386.74M | $0 | -$322.43M | -$306.29M | -$286.35M | -$255.21M | -$222.71M | -$200.7M | -$172.84M | -$144.55M | -$116.8M | -$92.9M | $0 | $0 | -$18.5M | -$18.5M | -$10.5M | -$1.6M |
| Comprehensive Income & Other | $2.05M | $4.74M | $4.05M | $5.76M | -$2.05M | -$5.64M | -$813K | -$416K | $22K | -$2.58M | -$4.11M | -$3.52M | -$1.42M | -$12.39M | -$3.94M | -$1.04B | -$938.09M | -$846.26M | -$1M | $0 | $2.68M | $2.32M | -$87K | -$450.7M | -$4.29M | -$351.26M | -$317.92M | -$286.05M | -$247.5M | -$223.55M | -$190.79M | -$160.64M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Stockholders' Equity | $4.47B | $4.41B | $4.12B | $3.99B | $3.65B | $3.45B | $3.33B | $3.16B | $3.02B | $2.73B | $2.39B | $2.29B | $633.79M | $1.87B | $565.54M | $1.68B | $496.45M | $436.57M | $1.52B | $1.25B | $1.21B | $1.21B | $1.08B | $643.84M | $911.3M | $795.33M | $809.02M | $77.43M | $91.69M | -$8.33M | -$8.57M | -$7.25M | $401M | $315.8M | $151.5M | $129.3M | $164.6M | $114.2M | $110.8M | $90.4M |
| Total Equity | $3.25B | $3.17B | $2.96B | $2.95B | $2.58B | $2.46B | $2.54B | $2.35B | $2.27B | $1.98B | $1.66B | $1.6B | $1.45B | $1.29B | $1.22B | $1.15B | $1.18B | $1.11B | $1.11B | $784.08M | $774.85M | $790.53M | $691.37M | $644.29M | $589.29M | $489.45M | $523.08M | $529.95M | $553.8M | $388.88M | $327.47M | $345.15M | $284.2M | $222.9M | $151.5M | $129.3M | $146.1M | $95.7M | $100.3M | $88.8M |
| Minority Interest | $251.91M | $252.84M | $262.01M | $258.37M | $296.25M | $222.31M | $240.55M | $257.65M | $265.96M | $242.8M | $255.5M | $207.21M | $127.56M | $118.2M | $109.84M | $31.3M | $31.73M | $32.35M | $31.82M | $22.19M | $19.19M | $18.95M | $29.58M | $29.37M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$100K | $700K | $1.8M | $0 | $0 | $0 |
| Total Liabilities and Equity | $8.88B | $8.27B | $8.17B | $7.98B | $7.33B | $7.39B | $6.55B | $6.03B | $6.01B | $5.18B | $4.66B | $4.34B | $4.09B | $3.78B | $3.55B | $3.13B | $3.19B | $3.06B | $2.96B | $2.67B | $2.33B | $2.25B | $2.11B | $1.99B | $1.81B | $1.62B | $1.53B | $1.48B | $1.32B | $1.04B | $886.15M | $753.74M | $690.9M | $603.8M | $563.2M | $550.6M | $562.6M | $475.7M | $402.3M | $305.6M |
| Supplementary Data | ||||||||||||||||||||||||||||||||||||||||
| Total Debt | $5.03B | $4.56B | $4.69B | $4.47B | $4.19B | $4.44B | $3.5B | $3.23B | $3.33B | $2.8B | $2.68B | $2.41B | $2.32B | $2.21B | $2.11B | $1.08B | $992.49M | $1.75B | $1.93B | $1.4B | $1.12B | $1.05B | $1.05B | $844.39M | $783.72M | $815.9M | $870.08M | $795.85M | $915.77M | $487.01M | $422.1M | $270.1M | $364.2M | $348M | $379.6M | $389M | $389.6M | $166.3M | $199M | $39.7M |
| Net Debt | $4.92B | $4.44B | $4.44B | $4.39B | $4.03B | $3.64B | $3.37B | $3.17B | $3.31B | $2.78B | $2.66B | $2.36B | $2.23B | $2.17B | $2.04B | $1.06B | $857.11M | $1.73B | $1.87B | $1.38B | $1.11B | $1.02B | $1.02B | $821.27M | $766.16M | $804.55M | $858.35M | $778.62M | $898.73M | $475.97M | $411.58M | $266.1M | $364.2M | $348M | $379.6M | $389M | $389.6M | $166.3M | $199M | $39.7M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 | FY 2005 | FY 2004 | FY 2003 | FY 2002 | FY 2001 | FY 2000 | FY 1999 | FY 1998 | FY 1997 | FY 1996 | FY 1995 | FY 1994 | FY 1993 | FY 1992 | FY 1991 | FY 1990 | FY 1989 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 | 2005-12-31 | 2004-12-31 | 2003-12-31 | 2002-12-31 | 2001-12-31 | 2000-12-31 | 1999-12-31 | 1998-12-31 | 1997-12-31 | 1996-12-31 | 1995-12-31 | 1994-12-31 | 1993-12-31 | 1992-12-31 | 1991-12-31 | 1990-12-31 | 1989-12-31 |
| Operating Activities | |||||||||||||||||||||||||||||||||||||
| Net Income | $411.08M | $304.33M | $247.22M | $395.66M | $269.08M | $135.89M | $360.54M | $249.03M | $297.87M | $258.88M | $218.42M | $172.29M | $167.61M | $156.23M | $149.61M | $128.24M | $103.87M | $135.15M | $195.54M | $94.76M | $114.61M | $84.16M | $94.5M | $55.29M | $68.76M | $60.52M | $48.4M | $45M | $46.5M | $28.7M | $23.1M | $21.71M | $16.1M | $9.5M | $4.3M | $5.8M | $12M |
| Depreciation & Amortization | $367.84M | $342.6M | $321.76M | $302.41M | $279.98M | $255.03M | $239.76M | $244.25M | $216.05M | $193.59M | $174.8M | $170.81M | $161.1M | $142.04M | $126.57M | $119.82M | $115.09M | $111.07M | $105.97M | $97.88M | $91.5M | $90.44M | $74.62M | $64.53M | $59.91M | $53.26M | $50.01M | $46.05M | $41.4M | $38.15M | $34.9M | $29.8M | $26M | $24M | $21.9M | $19.1M | $16.2M |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $14.61M | $16.36M | $14.31M | $13.7M | $13.01M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | |||||||||||||||||||||||||||||||||||||
| Accounts Receivable | $2.42M | -$796K | $3.47M | -$12.07M | $1.21M | -$6.03M | -$16.13M | $917K | $2.06M | $1.87M | -$9.2M | -$3.06M | -$6.32M | $7.33M | $1.89M | $7.46M | $7.08M | -$6.3M | -$6.74M | -$12.9M | -$7.24M | -$6.49M | -$35.1M | -$3.24M | -$23.85M | -$6.51M | -$7.5M | -$8.7M | -$12.8M | -$8.7M | -$3.8M | -$5.1M | -$11.8M | -$5M | -$2.5M | -$2.8M | -$6.3M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $0 | $1.55M | $0 | $0 | $0 | $5.62M | $2.33M | $2.65M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $9.29M | $894K | -$2.23M | $3.93M | $4.78M | $7.33M | $11.87M | $922K | $1.7M | $5.8M | $2.6M | $6.3M | $10M | -$1.7M | $5.4M | $1.1M | $2.1M | $3.2M | $4.7M |
| Other Working Capital | -$1.85M | -$3.29M | -$641K | $9.23M | $11.89M | -$5.06M | -$10.37M | $11.87M | $10.76M | $5.37M | -$4.27M | $456K | $6.46M | $299K | -$18.02M | -$2.96M | $9.75M | $965K | $3M | -$9.11M | $1.28M | $5.09M | $30.95M | -$15.67M | -$18.3M | -$6.83M | -$2.16M | -$9.56M | -$10.2M | -$7.71M | -$4.82M | -$4.66M | -$6.4M | -$3.9M | -$400K | $400K | -$1.6M |
| Total Working Capital Change | $564K | -$2.54M | $2.83M | -$2.84M | $13.1M | -$5.47M | -$24.17M | $15.43M | $12.81M | $7.24M | -$13.47M | -$2.61M | $136K | $7.63M | -$16.14M | $4.5M | $16.83M | -$5.34M | $5.55M | -$12.01M | -$8.19M | $2.54M | $634K | -$31.34M | -$11.98M | -$4.68M | -$5.72M | -$2.88M | -$20.4M | -$2.43M | $6.12M | -$6.76M | -$12.8M | -$7.8M | -$800K | $800K | -$3.2M |
| Other Non-Cash Items | -$171.71M | -$86.19M | -$30.29M | -$192.16M | -$103.81M | -$15.52M | -$114.21M | $7.98M | -$67.91M | -$32.03M | -$10.7M | $5.63M | -$14.35M | -$9.27M | -$15.33M | $4.18M | $20.97M | -$12.6M | -$92.84M | $3.77M | -$23.46M | -$2.98M | -$34.29M | $30.59M | $6.12M | -$2.05M | $9.49M | $2.26M | $4.7M | $1.23M | $1M | $454K | $5.9M | $2.5M | $1.6M | -$1.5M | -$5.5M |
| Net Cash from Operating | $622.38M | $574.56M | $555.83M | $516.77M | $471.35M | $369.93M | $461.92M | $516.69M | $458.83M | $427.67M | $369.05M | $346.13M | $314.5M | $296.63M | $244.71M | $256.74M | $256.76M | $228.28M | $214.21M | $184.4M | $174.46M | $174.15M | $135.46M | $119.07M | $122.81M | $107.06M | $102.18M | $90.43M | $72.2M | $65.65M | $65.12M | $45.2M | $35.2M | $28.2M | $27M | $24.2M | $19.5M |
| Investing Activities | |||||||||||||||||||||||||||||||||||||
| Capital Expenditures | -$291.34M | -$246.76M | -$311.12M | -$416.7M | -$440.51M | -$501.94M | -$409.91M | -$368.26M | -$518.94M | -$437.28M | -$282.53M | -$360.96M | -$290.14M | -$180.67M | -$246.02M | -$146.23M | -$112.61M | -$237.61M | -$69.49M | -$386.66M | -$96.92M | -$101.69M | -$50.63M | $0 | -$321.89M | -$192.95M | -$141.47M | -$258.92M | -$553.05M | -$213.94M | -$244.02M | -$138.96M | -$34.3M | -$15.2M | -$20.2M | -$33.2M | -$48.2M |
| Acquisitions | -$698K | $0 | $0 | -$27.35M | -$3.12M | -$3.35M | -$1.05M | $36.96M | -$696K | -$7.22M | -$2.8M | -$6.73M | $0 | $0 | -$6.95M | -$16.93M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$61.41M | -$23.55M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$16.93M | -$7.02M | $0 | -$20.43M | -$4.96M | -$13K | -$9.43M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$400K | $0 | $0 | $0 | -$28.2M | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $3.4M | $300K | $31.6M | $10.1M | $0 | $6.3M | $15.9M |
| Other Investing Activities | -$451.03M | -$200.07M | -$47.2M | -$341.95M | -$216.49M | $136.9M | $94.43M | $139.05M | -$318.29M | -$145.72M | -$68.43M | -$28.46M | -$55.06M | -$92.89M | -$85.86M | -$96.09M | -$109.79M | -$107.94M | -$61.52M | -$45.48M | -$55.32M | -$46.5M | -$46.6M | $68.19M | -$110.36M | -$74.63M | -$73.98M | -$94.7M | -$229M | -$75.63M | -$32.66M | -$42.43M | -$108M | -$24.9M | $1.5M | $1.6M | -$2.8M |
| Net Cash from Investing | -$743.07M | -$446.83M | -$358.32M | -$786M | -$660.12M | -$368.38M | -$316.53M | -$192.25M | -$837.92M | -$590.22M | -$353.76M | -$396.15M | -$345.2M | -$273.56M | -$196.37M | -$187.09M | -$127.34M | -$207.57M | -$151.44M | -$317.43M | -$152.25M | -$157.61M | -$97.23M | -$175.74M | -$233.19M | -$121.74M | -$99.31M | -$187.65M | -$279.3M | -$161.82M | -$134.36M | -$90.47M | -$110.7M | -$58.2M | -$18.7M | -$25.3M | -$35.1M |
| Financing Activities | |||||||||||||||||||||||||||||||||||||
| Debt Repaid | -$460M | $132.89M | -$211.46M | -$279.13M | $277.64M | -$912.41M | -$98.88M | $57.62M | -$394.88M | -$135.32M | -$109.11M | -$15.92M | -$96.22M | -$21.79M | -$24.08M | $27.38M | -$37.56M | -$84.19M | $56.08M | $40.5M | - | - | - | -$58.4M | $31.55M | $102.17M | -$171.04M | -$24.29M | -$36.1M | $5.74M | $25.89M | $5.48M | $16.8M | $4.4M | -$13.6M | $1.3M | $4.1M |
| Common Stock Issuance | $54.47M | $304.05M | $131.9M | $307.27M | $172.98M | $99.18M | $143.03M | $130.92M | $118.58M | $329.1M | $110.86M | $216.16M | $186.55M | $112.27M | $154.92M | $6.61M | $115.5M | $11.59M | $170.85M | $293.19M | $11.23M | $109.05M | $151.13M | $76.7M | $1.3M | $3.43M | $2.24M | $5.31M | $86.9M | $86.05M | $1.68M | $84.25M | $79.5M | $67.1M | $42.3M | $200K | $44.9M |
| Common Stock Repurchases | -$4.91M | -$6.71M | -$5.02M | -$4.9M | -$3M | -$4.05M | -$4.63M | -$958K | -$4.23M | -$4.45M | -$9.21M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$135M | $0 | $0 | $0 | $0 | $0 | -$22.63M | -$2.56M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $3M |
| Dividends Paid | -$388.06M | -$371.59M | -$359.19M | -$347.28M | -$335.66M | -$324.6M | -$313.65M | -$301.19M | -$283M | -$267.69M | -$243.31M | -$215.22M | -$193.02M | -$179.88M | -$169.25M | -$163.12M | -$162.32M | -$146.42M | -$131.44M | -$139.84M | -$130.5M | -$108.76M | -$104.8M | -$96.46M | -$80.59M | -$77.5M | -$76.62M | -$74.28M | -$62.6M | -$52.08M | -$47.92M | -$43.97M | -$38.1M | -$31.1M | -$25.4M | -$23.7M | -$19.2M |
| Other Financing Activities | -$18.54M | -$45.16M | -$12.99M | -$43.8M | -$9.65M | -$21.2M | -$23.74M | -$12.46M | -$1.78M | -$23.44M | -$9.63M | -$7.81M | -$7.12M | -$9.94M | -$8.02M | -$5.35M | $0 | -$200K | -$6.91M | $99.6M | $75.22M | -$21.32M | -$72.71M | -$3.41M | $144.42M | $165.78M | -$2.32M | -$2.27M | $800K | $49.17M | $162.53M | -$25.5M | -$200K | -$200K | -$1M | -$800K | -$600K |
| Net Cash from Financing | $102.95M | -$252.3M | -$33.85M | $190.41M | -$452.97M | $661.74M | -$100.11M | -$241.31M | $369.44M | $173.29M | -$32.98M | $9.04M | $82.64M | -$53.89M | $3.67M | -$189.24M | -$9.26M | -$56.19M | -$23.57M | $135.88M | -$44.05M | -$11.33M | -$19.27M | $62.23M | $129.8M | $15.21M | -$8.36M | $97.41M | $213.18M | $96.69M | $75.77M | $39.63M | $48.8M | $22.9M | $10M | -$24M | $50.4M |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | -$17.74M | -$124.56M | $163.66M | -$78.81M | -$641.73M | $663.28M | $45.28M | $83.13M | -$9.65M | $6.29M | -$26.91M | -$40.98M | $51.94M | -$30.82M | $52.01M | -$119.59M | $120.17M | -$35.47M | $39.2M | $2.86M | -$21.84M | -$4.49M | $11.85M | $5.56M | $6.21M | -$381K | -$5.49M | $187K | $6M | $520K | $6.53M | -$5.64M | -$36.3M | -$43.4M | -$25.1M | -$50.1M | -$15.4M |
| Supplementary Data | |||||||||||||||||||||||||||||||||||||
| Operating Cash Flow | $622.38M | $574.56M | $555.83M | $516.77M | $471.35M | $369.93M | $461.92M | $516.69M | $459.18M | $419.25M | $359.83M | $346.13M | $314.5M | $296.63M | $244.71M | $256.74M | $256.76M | $228.28M | $214.21M | $184.4M | $174.46M | $161.11M | $122.39M | $119.07M | $108.55M | $106.15M | $102.18M | $90.43M | $72.17M | $65.65M | $65.12M | $45.2M | $35.2M | $28.2M | $27M | $24.2M | $19.5M |
| Capital Expenditure | -$291.34M | -$246.76M | -$311.12M | -$416.7M | -$440.51M | -$501.94M | -$409.91M | -$368.26M | -$518.94M | -$437.28M | -$282.53M | -$360.96M | -$290.14M | -$180.67M | -$246.02M | -$146.23M | -$112.61M | -$237.61M | -$69.49M | -$386.66M | -$96.92M | -$101.69M | -$50.63M | $0 | -$321.89M | -$192.95M | -$141.47M | -$258.92M | -$553.05M | -$213.94M | -$244.02M | -$138.96M | -$34.3M | -$15.2M | -$20.2M | -$33.2M | -$48.2M |
| Free Cash Flow | $331.04M | $327.8M | $244.71M | $100.07M | $30.84M | -$132.01M | $52.01M | $148.43M | -$59.76M | -$18.03M | $77.3M | -$14.83M | $24.36M | $115.96M | -$1.31M | $110.51M | $144.16M | -$9.33M | $144.72M | -$202.26M | $77.54M | $59.42M | $71.76M | $119.07M | -$213.35M | -$86.8M | -$39.29M | -$168.5M | -$480.88M | -$148.29M | -$178.9M | -$93.76M | $900K | $13M | $6.8M | -$9M | -$28.7M |
| Cash at Beginning | $135.44M | $260M | $96.35M | $175.16M | $816.9M | $153.61M | $108.33M | $25.2M | $34.85M | $28.56M | $47.95M | $88.93M | $36.99M | $67.81M | $15.8M | $135.39M | $15.22M | $50.69M | $11.49M | $8.64M | $30.48M | $34.97M | $23.12M | $17.56M | $11.36M | $11.74M | $17.23M | $17.04M | $11M | $10.52M | $4M | $9.63M | $36.3M | $43.4M | $25.1M | $50.1M | $15.4M |
| Cash at End | $117.71M | $135.44M | $260M | $96.35M | $175.16M | $816.9M | $153.61M | $108.33M | $25.2M | $34.85M | $21.05M | $47.95M | $88.93M | $36.99M | $67.81M | $15.8M | $135.39M | $15.22M | $50.69M | $11.49M | $8.64M | $30.48M | $34.97M | $23.12M | $17.56M | $11.36M | $11.74M | $17.23M | $17M | $11.04M | $10.52M | $4M | $0 | $0 | $0 | $0 | $0 |