GERDAU S.A. (GGB)
Gerdau S.A., together with its subsidiaries, operates as a steel producer company. It operates through Brazil Business, North America Business, and South America Business segments. The company offers rebars, bars, wires, thick plates, hot rolled coils, billets, blooms, plates, wire rods, and structural profiles. It also provides special steel products for agricultural, automotive, construction, distribution, energy, industrial, and mining markets. In addition, it operates mines that produce iron ore located in Brazil. The company was founded in 1901 and is headquartered in São Paulo, Brazil.
Sector: Steel Works, Blast Furnaces & Rolling & Finishing Mills
Industry: Steel
Gerdau S.A.
NYSE:GGBBasic Materials · Steel
+0.59%$5.10
AH Close$5.10+0.00%vs close
AH Close$5.10+0.00%vs close
Mkt Cap$10B
Float1.26B
O/S1.96B
Inst Own6.9%
SI3.2%
Div Yield2.95%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$13.84B
Net Income$274.85M
Total Assets$16.19B
Free Cash Flow$224.83M
Debt & Equity
Debt 23%
Equity 77%
Total Debt$3.09B
Total Equity$10.62B
Shares Outstanding
Short Interest
Split History6 splits
- 1.2:1Forward splitApr 18, 20241 share → 1.2
- 1.1:1Forward splitMar 22, 20231 share → 1.1
- 2:1Forward splitJun 20, 20081 share → 2
- 1.5:1Forward splitApr 21, 20061 share → 1.5
- 1.5:1Forward splitApr 19, 20051 share → 1.5
- 2:1Forward splitMay 7, 20041 share → 2
Balance Sheet Details
Assets$16.19B
Liabilities$5.53B
Accounts Receivable$1.34B
Accounts Payable$992.71M
Inventory$2.92B
PP&E (Net)$6.32B
Goodwill$2.38B
Intangible Assets$137M
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 | FY 2005 | FY 2004 | FY 2003 | FY 2002 | FY 2001 | FY 2000 | FY 1999 | FY 1998 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 | 2005-12-31 | 2004-12-31 | 2003-12-31 | 2002-12-31 | 2001-12-31 | 2000-12-31 | 1999-12-31 | 1998-12-31 |
| Revenue | $13.84B | $13.28B | $13.66B | $16.33B | $15.52B | $8.68B | $7.86B | $9.15B | $7.32B | $7.46B | $8.64B | $8.43B | $7.9B | $7.53B | $7.02B | $6.22B | $5.26B | $8.3B | $6.07B | $5.01B | $4.12B | $3.66B | $2.59B | $2.29B | $1.07B | $1.03B | $655.91M | $451.32M |
| YoY Growth | 4.2% | -2.7% | -16.4% | 5.2% | 78.8% | 10.5% | -14.1% | 25.0% | -1.9% | -13.6% | 2.4% | 6.7% | 5.0% | 7.3% | 12.8% | 18.3% | -36.7% | 36.9% | 21.2% | 21.6% | 12.5% | 41.3% | 13.1% | 114.5% | 3.3% | 57.7% | 45.3% | - |
| Cost of Revenue | $12.26B | $11.46B | $11.41B | $12.62B | $11.4B | $7.51B | $7.02B | $7.93B | $6.6B | $6.77B | $7.79B | $7.41B | $6.88B | $6.59B | $6B | $5.13B | $4.42B | $6.15B | $4.58B | $3.71B | $3.04B | $2.55B | $1.97B | $1.65B | $755.45M | $704.56M | $402.57M | $292.18M |
| Gross Profit | $1.58B | $1.82B | $2.25B | $3.72B | $4.13B | $1.18B | $832.92M | $1.22B | $714.29M | $686.37M | $850.24M | $1.02B | $1.02B | $940.77M | $1.01B | $1.09B | $839.1M | $2.16B | $1.48B | $1.3B | $1.08B | $1.11B | $620.55M | $642.03M | $312.42M | $329.69M | $253.34M | $159.14M |
| Gross Margin | 11.4% | 13.7% | 16.4% | 22.8% | 26.6% | 13.5% | 10.6% | 13.3% | 9.8% | 9.2% | 9.8% | 12.1% | 12.9% | 12.5% | 14.4% | 17.6% | 16.0% | 26.0% | 24.4% | 25.9% | 26.2% | 30.4% | 24.0% | 28.0% | 29.3% | 31.9% | 38.6% | 35.3% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $420.25M | $429.33M | $437.46M | $433.5M | $417.31M | $303.26M | $283.46M | $327.53M | $327.93M | $443.68M | $511.74M | $540.57M | $517.57M | $489.78M | $475.91M | $467.15M | $424.87M | $589.22M | $496.06M | $455.35M | $309.67M | $270.35M | $221.97M | $234.66M | $132.03M | $125.71M | $87.78M | $66.27M |
| Other | $47.31M | $123.38M | -$99.14M | -$7.17M | -$259.29M | $871.93M | -$81.46M | $89.03M | $168.36M | $566.94M | $975.68M | -$96.49M | -$45.92M | -$14.33M | -$34.11M | -$95.57M | $246.41M | -$17.76M | $34.07M | -$45.38M | $3.82M | -$15.11M | $0 | $0 | $0 | $54.45M | $39.28M | $22.7M |
| Total Operating Expenses | $467.56M | $552.71M | $338.32M | $426.32M | $158.03M | $1.18B | $201.99M | $416.56M | $496.3M | $1.01B | $1.49B | $444.08M | $471.65M | $475.45M | $441.8M | $371.58M | $671.29M | $571.47M | $530.13M | $409.97M | $313.49M | $255.24M | $221.97M | $234.66M | $132.03M | $180.15M | $127.06M | $88.97M |
| Operating Income (EBIT) | $1.11B | $1.27B | $1.91B | $3.29B | $3.97B | $0 | $630.92M | $801.99M | $217.99M | -$324.26M | -$637.18M | $574.46M | $545.81M | $465.32M | $570.5M | $722.2M | $167.82M | $1.59B | $952.02M | $885.81M | $764.69M | $856.98M | $398.58M | $407.37M | $180.39M | $149.54M | $126.28M | $70.17M |
| Operating Margin | 8.0% | 9.6% | 14.0% | 20.1% | 25.6% | - | 8.0% | 8.8% | 3.0% | -4.3% | -7.4% | 6.8% | 6.9% | 6.2% | 8.1% | 11.6% | 3.2% | 19.1% | 15.7% | 17.7% | 18.6% | 23.4% | 15.4% | 17.8% | 16.9% | 14.5% | 19.3% | 15.5% |
| Interest Expense | $48.14M | $157.92M | $33.33M | $37.01M | $38.92M | $39.28M | $47.13M | $312.96M | $342.08M | $398.3M | $352.8M | $276.9M | $208.74M | $188.78M | $192.3M | $217.51M | $254.91M | $321.17M | $238.19M | $184.72M | $105.38M | $86.51M | $0 | $0 | $0 | $0 | $0 | $0 |
| Interest Income | $10.27M | $73.85M | $35.82M | $23.27M | $9.14M | $4.15M | $11.21M | $40.42M | $44.91M | $49.94M | $74.98M | $54.74M | $58.04M | $62.74M | $90.32M | $58.57M | $86.44M | $95.92M | $160.54M | $193.88M | $94.61M | $42.94M | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | -$611.02M | -$188.31M | -$55.19M | -$146.76M | $50.07M | $692.7M | -$299.06M | -$374.48M | -$226.56M | -$187.31M | -$570.48M | -$309.33M | -$257.96M | -$156.3M | -$104.69M | -$135.8M | $36.57M | -$418.49M | $89.36M | $112.19M | $50.46M | $49.38M | -$98.04M | -$240.15M | -$78.23M | -$59.06M | -$48.89M | -$11.25M |
| Income Before Tax (EBT) | $500.24M | $1.08B | $1.85B | $3.14B | $4.02B | $692.7M | $331.86M | $427.51M | -$8.58M | -$511.57M | -$1.21B | $265.13M | $287.85M | $309.02M | $465.81M | $586.4M | $204.39M | $1.17B | $1.04B | $998M | $815.15M | $906.35M | $300.54M | $167.21M | $102.16M | $90.49M | $77.39M | $58.92M |
| Income Tax Expense | $219.17M | $171.34M | $358.59M | $867.83M | $934.05M | $219.49M | $90.72M | -$33.48M | $58.53M | $60.3M | -$296.93M | -$29.8M | -$47.77M | $12.53M | $50.15M | $99.45M | $5.34M | $187.9M | $188.71M | $185.47M | $215.29M | $214.04M | -$19.5M | $4.6M | $25.15M | $17.63M | $7.49M | $12.52M |
| Net Income | $274.85M | $904.86M | $1.49B | $2.26B | $3.07B | $468.8M | $238.53M | $456.53M | -$71.21M | -$572.84M | -$901.91M | $277.99M | $313.83M | $282.5M | $397.45M | $424.55M | $222.33M | $780.85M | $703.44M | $639.7M | $517.08M | $609.66M | $291.67M | $162.61M | $77.01M | $72.86M | $69.9M | $46.4M |
| Net Income Margin | 2.0% | 6.8% | 10.9% | 13.9% | 19.8% | 5.4% | 3.0% | 5.0% | -1.0% | -7.7% | -10.4% | 3.3% | 4.0% | 3.8% | 5.7% | 6.8% | 4.2% | 9.4% | 11.6% | 12.8% | 12.6% | 16.7% | 11.3% | 7.1% | 7.2% | 7.0% | 10.7% | 10.3% |
| Supplementary Data | ||||||||||||||||||||||||||||
| EPS | 0.69 | 2.18 | 3.55 | 6.22 | 8.69 | 1.34 | 0.68 | 1.31 | -0.19 | -1.61 | -2.60 | 0.78 | 0.89 | 0.80 | 1.16 | 1.43 | 0.75 | 2.70 | 2.55 | 2.32 | 1.87 | 2.20 | 2.15 | 1.20 | 0.57 | 0.54 | 0.52 | 0.34 |
| Diluted EPS | 0.69 | 2.18 | 3.55 | 6.19 | 8.69 | 1.34 | 0.68 | 1.31 | -0.19 | -1.61 | -2.60 | 0.78 | 0.89 | 0.80 | 1.16 | 1.43 | 0.75 | 2.70 | 2.53 | 2.29 | 1.86 | 2.20 | 2.15 | 1.20 | 0.57 | 0.54 | 0.52 | 0.34 |
| Weighted Average OS | 2.00B | 2.09B | 2.11B | 1.84B | 1.79B | 1.79B | 1.78B | 1.78B | 1.79B | 1.79B | 1.77B | 1.79B | 1.79B | 1.79B | 1.72B | 1.50B | 1.49B | 1.46B | 1.39B | 1.39B | 1.39B | 1.39B | 683.60M | 683.80M | 680.05M | 680.05M | 678.69M | 693.78M |
| EBITDA | $1.5B | $1.86B | $2.62B | $3.9B | $4.75B | $1.39B | $928.8M | $1.04B | $668.33M | $296.27M | -$399.28M | $939.95M | $868.61M | $831.95M | $981.02M | $1.14B | $805.15M | $1.86B | $1.54B | $1.4B | $1.06B | $1.13B | $502.87M | $532.79M | $242.92M | $203.99M | $165.56M | $92.87M |
| EBITDA Margin | 10.8% | 14.0% | 19.2% | 23.9% | 30.6% | 16.0% | 11.8% | 11.3% | 9.1% | 4.0% | -4.6% | 11.1% | 11.0% | 11.1% | 14.0% | 18.4% | 15.3% | 22.5% | 25.4% | 27.9% | 25.8% | 31.0% | 19.4% | 23.3% | 22.7% | 19.7% | 25.2% | 20.6% |
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 | $1.17B | $1.54B | $595.6M | $490.61M | $824.47M | $914.94M | $523.47M | $572.71M | $506.36M | $1B | $1.12B | $604.38M | $415.98M | $284.8M | $292.6M | $210.25M | $414.54M | $401.59M | $401.49M | $205.16M | $246.33M | $131.03M | $52.89M | $28.38M | $12.81M | $4.8M | $3.57M | $2.61M |
| Short-Term Investments | $88.3M | $100.87M | $463.31M | $586.38M | $520.41M | $602.63M | $723.86M | $91.05M | $162.79M | $203M | $251.81M | $554.61M | $420.72M | $209.97M | $614.62M | $221.19M | $530.61M | $671.09M | $616.92M | $943.88M | $821.88M | $212.9M | $135M | $257.96M | $140.85M | $112.23M | $134.12M | $81.14M |
| Cash and Short-Term Investments | $1.26B | $1.64B | $1.06B | $1.08B | $1.34B | $1.52B | $1.25B | $663.76M | $669.15M | $1.21B | $1.37B | $1.16B | $836.7M | $494.77M | $907.22M | $431.45M | $945.15M | $1.07B | $1.02B | $1.15B | $1.07B | $343.93M | $187.89M | $286.33M | $153.65M | $117.03M | $137.69M | $83.75M |
| Accounts Receivable | $1.34B | $1.44B | $1.36B | $1.43B | $1.65B | $1.19B | $529.55M | $827.24M | $554.53M | $708.75M | $909.04M | $1.11B | $976.45M | $959.69M | $909.76M | $791.61M | $512.38M | $814.8M | $628.62M | $644.65M | $478.71M | $439.73M | $266.34M | $253.78M | $132.92M | $128.13M | $126.48M | $51.86M |
| Inventory | $2.92B | $3.27B | $3.02B | $3.53B | $3.34B | $1.82B | $1.52B | $1.82B | $1.33B | $1.25B | $1.74B | $1.76B | $1.68B | $1.79B | $1.6B | $1.35B | $1.14B | $2.06B | $1.2B | $1.01B | $769.22M | $839.01M | $456.21M | $443.88M | $204.15M | $177.02M | $176.63M | $70.01M |
| Other Current Assets | $141.79M | $127.43M | $347.59M | $157.17M | $135.23M | $117.22M | $318.84M | $160.73M | $1.01B | $356.59M | $374.54M | $73.93M | $104.53M | $9.71M | $17.92M | -$4.74M | $196.37M | $151.18M | $165.65M | $177.29M | -$32.1M | $114.6M | $83.19M | $85.16M | $29.98M | $28.59M | $14.14M | $27.25M |
| Total Current Assets | $5.67B | $6.47B | $5.79B | $6.19B | $6.47B | $4.64B | $3.61B | $3.47B | $3.56B | $3.53B | $4.39B | $4.1B | $3.6B | $3.25B | $3.43B | $2.57B | $2.81B | $4.12B | $3.03B | $2.99B | $2.3B | $1.75B | $1.01B | $1.07B | $520.71M | $450.77M | $454.94M | $232.86M |
| Long-Term Assets | ||||||||||||||||||||||||||||
| Property, Plant & Equipment Net | $6.32B | $6.1B | $4.77B | $4.24B | $3.88B | $3.58B | $3.31B | $3.08B | $3.26B | $3.83B | $4.51B | $4.39B | $4.24B | $3.9B | $3.43B | $3.2B | $3.32B | $3.97B | $3.14B | $2.53B | $1.63B | $1.47B | $1.32B | $1.46B | $637.11M | $596.05M | $719.8M | $306.26M |
| Goodwill | $2.38B | $2.75B | $2.15B | $2.31B | $2.46B | $2.4B | $1.88B | $1.81B | $1.56B | $1.88B | $3B | $2.49B | $2.25B | $1.99B | $1.81B | $1.62B | $1.67B | $2.24B | $1.2B | $142.31M | $68.41M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $137M | $79.38M | $74.05M | $82.27M | $101.01M | $123.37M | $133.41M | $165.68M | $192.63M | $261.56M | $363.77M | $306.57M | $296.83M | $270.37M | $252.4M | $233.2M | $196.73M | $339.43M | $212.77M | $0 | $0 | $74.45M | $68.34M | $81.95M | $0 | $0 | $0 | $0 |
| Long-Term Investments | $781.63M | $836.69M | $764.59M | $772.13M | $662M | $450.14M | $359.14M | $345.44M | $253.7M | $158.3M | $276.01M | $276.31M | $315.08M | $282.5M | $285.33M | $260.75M | $251.51M | $371.43M | $128.18M | $88.27M | $87.27M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $507.68M | $481.06M | $439.81M | $428.91M | $580.47M | $672.42M | $806.75M | $767.68M | $605.25M | $675.17M | $853.56M | $508.71M | $407.5M | $437.99M | $306.74M | $312.89M | $266.93M | $350.02M | $300.35M | $79.32M | $84.08M | $80.75M | $132.24M | $8.46M | $20.19M | $24.32M | $0 | $0 |
| Other Long-Term Assets | $391.81M | $491.71M | $861.45M | $603.79M | $468.3M | $644.86M | $606.81M | $528.23M | $530.67M | $493.51M | $489.92M | $428.56M | $420.36M | $388.17M | $386.45M | $305.95M | $327.78M | $311.59M | $224.57M | $287.54M | $134.07M | $233.75M | $203.54M | $183.99M | $180.77M | $177.57M | $85.9M | $73.64M |
| Total Long-Term Assets | $10.52B | $10.73B | $9.05B | $8.43B | $8.16B | $7.87B | $7.09B | $6.69B | $6.4B | $7.3B | $9.5B | $8.39B | $7.93B | $7.27B | $6.47B | $5.93B | $6.03B | $7.58B | $5.2B | $3.13B | $2B | $1.86B | $1.72B | $1.74B | $838.06M | $797.94M | $805.7M | $379.9M |
| 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 | $16.19B | $17.2B | $14.84B | $14.62B | $14.63B | $12.51B | $10.7B | $10.16B | $9.97B | $10.83B | $13.89B | $12.49B | $11.54B | $10.52B | $9.9B | $8.5B | $8.83B | $11.7B | $8.23B | $6.12B | $4.3B | $3.61B | $2.73B | $2.81B | $1.36B | $1.25B | $1.26B | $612.76M |
| Liabilities | ||||||||||||||||||||||||||||
| Current Liabilities | ||||||||||||||||||||||||||||
| Accounts Payable | $992.71M | $1.13B | $1.17B | $1.31B | $1.59B | $1.08B | $745.63M | $859.03M | $630.14M | $543.71M | $719.27M | $641.31M | $648.26M | $606.3M | $636.52M | $353.37M | $337.87M | $565.83M | $512.56M | $470.47M | $312.95M | $330.47M | $212.98M | $197.71M | $63.23M | $80.43M | $61.51M | $21.95M |
| Short-Term Debt | $186.65M | $145.65M | $356.21M | $618.48M | $350.05M | $283.67M | $309.57M | $361.63M | $397.18M | $883.44M | $473.05M | $403.82M | $364.29M | $511.72M | $348.16M | $335.49M | $268.86M | $779.38M | $503.15M | $450.09M | $262.15M | $354.32M | $456.52M | $774.95M | $262.08M | $266.99M | $256.64M | $66.63M |
| Current Income Tax Payable | $0 | $150.13M | $99.63M | $176.85M | $279.66M | $279.45M | $126.44M | $148.07M | $70.22M | $82.36M | $97.12M | $157.42M | $129.04M | $104.77M | $117.31M | $104.03M | $133.89M | $102.5M | $0 | $94.63M | $10.01M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $385.16M | $454.04M | $267.73M | $296.8M | $271.01M | $370.31M | $144.31M | $166.21M | $343.14M | $106.87M | $173.48M | $181.54M | $138.75M | $207.36M | $91.56M | $90.18M | $71.47M | $120.85M | $95.24M | $178.7M | $115.64M | $189.17M | $164.74M | $141.1M | $80.07M | $27.39M | $59.1M | $23.63M |
| Total Current Liabilities | $1.96B | $2.15B | $2.24B | $2.67B | $2.78B | $2.28B | $1.47B | $1.69B | $1.53B | $1.71B | $1.56B | $1.54B | $1.43B | $1.55B | $1.34B | $995.13M | $954.83M | $1.68B | $1.31B | $1.24B | $777.91M | $901.22M | $834.23M | $1.11B | $405.37M | $374.81M | $377.25M | $112.21M |
| Long-Term Liabilities | ||||||||||||||||||||||||||||
| Long-Term Debt | $2.62B | $2.56B | $1.81B | $1.88B | $2.44B | $3.19B | $2.87B | $2.59B | $2.87B | $3.2B | $4.77B | $3.46B | $2.95B | $2.39B | $2.36B | $2.57B | $2.61B | $3.82B | $2.65B | $187.32M | $191.65M | $855.4M | $736.29M | $698.18M | $333.77M | $321.19M | $327.4M | $144.32M |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $524.38M | $493.81M | $473.59M | $420.56M | $364.61M | $244.54M | $262.9M | $176.1M | $180.44M | $522.08M | $558.65M | $499.54M | $491.8M | $570.17M | $548.2M | $449.99M | $450.57M | $606.42M | $464.91M | $175.81M | $65.56M | $30.87M | $41.24M | $29.72M | $69.61M | $55.83M | $49.82M | $16.54M |
| Other Long-Term Liabilities | $220.57M | $306.34M | $385.73M | $326.9M | $432.19M | $513.25M | $592.34M | $568M | $649.54M | $590.38M | $667.31M | $398.39M | $318.51M | $298.92M | $394.73M | $490.23M | $460.15M | $628.27M | $501.96M | $2.44B | $1.63B | $153.41M | $162.16M | $141.01M | $59.87M | $68.79M | $75.01M | $47.69M |
| Total Long-Term Liabilities | $3.57B | $3.53B | $2.85B | $2.78B | $3.36B | $4.07B | $3.85B | $3.34B | $3.7B | $4.31B | $6B | $4.36B | $3.76B | $3.26B | $3.31B | $3.51B | $3.52B | $5.06B | $3.62B | $2.8B | $1.89B | $1.04B | $939.69M | $868.91M | $463.25M | $445.81M | $452.23M | $208.55M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $5.53B | $5.68B | $5.08B | $5.45B | $6.14B | $6.35B | $5.32B | $5.02B | $5.23B | $6.02B | $7.55B | $5.9B | $5.19B | $4.81B | $4.65B | $4.51B | $4.47B | $6.74B | $4.92B | $4.04B | $2.66B | $1.94B | $1.77B | $1.98B | $868.63M | $820.62M | $829.49M | $320.77M |
| Stockholders' Equity | ||||||||||||||||||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $394.77M | $257.23M | $215.98M | $0 | $133.83M |
| Common Stock | $4.81B | $4.81B | $4.01B | $3.81B | $3.81B | $3.81B | $3.81B | $3.81B | $3.81B | $3.81B | $3.81B | $3.81B | $3.81B | $3.81B | $3.81B | $0 | $2.81B | $0 | $0 | $0 | $0 | $810.11M | $561.77M | $197.22M | $128.5M | $107.9M | $260.95M | $66.46M |
| Retained Earnings | $4.57B | $4.8B | $5.14B | $4.39B | $3.53B | $1.45B | $1.12B | $952.37M | $656.97M | $745.71M | $1.37B | $2.32B | $2.08B | $1.82B | $1.65B | $1.1B | $1.11B | $1.01B | $1.14B | $616.88M | $662.15M | $794.66M | $664.07M | $656.98M | $350.89M | $261.21M | $110.84M | $106.52M |
| Comprehensive Income & Other | $1.92B | $2.59B | $1.19B | $1.54B | $1.69B | $1.47B | $1.03B | $956.43M | $798.1M | $790.22M | $1.74B | $634.71M | $513.05M | $165.48M | -$125.89M | -$312.43M | -$268.98M | $198.89M | -$207.93M | $31.45M | $91.93M | -$271.03M | -$422.17M | -$643.68M | -$261.38M | -$173.33M | $37.03M | -$17.53M |
| Other Stockholders' Equity | $1.24B | $1.87B | $580.36M | $930.25M | $1.09B | $855.8M | $408.57M | $331.98M | $214.14M | $201.28M | $1.1B | $245.09M | $122.29M | -$234.58M | -$515.04M | $2.76B | -$248.76M | $2.99B | $1.39B | $1.47B | $977.47M | -$277.09M | -$423.68M | -$247.44M | -$4.15M | $42.65M | $37.03M | $115.61M |
| Total Equity | $10.62B | $11.48B | $9.72B | $9.14B | $8.44B | $6.12B | $5.34B | $5.1B | $4.69B | $4.76B | $6.28B | $6.38B | $6.01B | $5.4B | $4.95B | $3.86B | $3.67B | $4B | $2.53B | $2.08B | $1.64B | $1.33B | $802.16M | $606.76M | $475.24M | $411.76M | $408.82M | $288.59M |
| Minority Interest | $42.23M | $44.59M | $35.65M | $36.06M | $41.88M | $44.57M | $43.08M | $41.21M | $49.29M | $48.85M | $56.39M | $208.8M | $333.24M | $307.6M | $301.66M | $134.19M | $693.02M | $966.44M | $781.38M | $0 | $426.24M | $337.88M | $151.5M | $216.58M | $14.91M | $16.34M | $22.33M | $3.4M |
| Total Liabilities and Equity | $16.15B | $17.16B | $14.8B | $14.59B | $14.59B | $12.46B | $10.66B | $10.12B | $9.92B | $10.78B | $13.83B | $12.28B | $11.2B | $10.21B | $9.6B | $8.37B | $8.14B | $10.73B | $7.45B | $6.12B | $4.3B | $3.27B | $2.58B | $2.59B | $1.34B | $1.23B | $1.24B | $609.36M |
| Supplementary Data | ||||||||||||||||||||||||||||
| Total Debt | $3.09B | $2.96B | $2.42B | $2.71B | $2.97B | $3.65B | $3.34B | $2.95B | $3.27B | $4.08B | $5.24B | $3.87B | $3.31B | $2.91B | $2.71B | $2.91B | $2.88B | $4.6B | $3.15B | $637.41M | $453.8M | $1.21B | $1.19B | $1.47B | $595.85M | $588.18M | $584.04M | $210.95M |
| Net Debt | $1.91B | $1.42B | $1.82B | $2.22B | $2.14B | $2.73B | $2.82B | $2.38B | $2.77B | $3.08B | $4.12B | $3.26B | $2.89B | $2.62B | $2.42B | $2.7B | $2.46B | $4.2B | $2.75B | $432.25M | $207.47M | $1.08B | $1.14B | $1.44B | $583.04M | $583.38M | $580.47M | $208.34M |
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 | $281.08M | $911.34M | $1.49B | $2.27B | $3.08B | $473.21M | $241.14M | $460.99M | -$67.11M | -$571.87M | -$910.74M | $294.93M | $335.62M | $296.49M | $415.65M | $486.95M | $199.05M | $979.88M | $852.67M | $639.7M | $517.08M | $609.66M | $291.67M | $162.61M | $77.01M | $72.86M | $69.9M | $46.4M |
| Depreciation & Amortization | $729.93M | $619.49M | $603.83M | $568.06M | $526.82M | $495.22M | $411.04M | $374.88M | $414.66M | $502.52M | $516.78M | $441.38M | $402.16M | $362.14M | $351.11M | $375.13M | $345.85M | $375.72M | $261.01M | $213.03M | $139.62M | $141.7M | $104.28M | $125.42M | $62.53M | $54.45M | $39.28M | $22.7M |
| Deferred Income Tax | $211.15M | $193.03M | $172.72M | $926.29M | $724.7M | $44.86M | $18.58M | -$44.66M | -$147.55M | $129.24M | -$232.86M | $26.06M | -$7.11M | $46.47M | $101.88M | $138.9M | $5.34M | $187.9M | $188.71M | -$1.32M | $54.48M | $40.76M | -$69.71M | -$14.38M | $13.08M | $5.88M | $0 | $3.3M |
| Stock-Based Compensation | $0 | $0 | $0 | $0 | $0 | $0 | $8.7M | $8.16M | $7.05M | $9.25M | $9.63M | $7.85M | $7.57M | $7.27M | $2.77M | $3.69M | $4.43M | $1.5M | $1.13M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | ||||||||||||||||||||||||||||
| Accounts Receivable | $68.72M | $481.79M | -$79.6M | $1.14M | -$262.24M | -$31.44M | $159.25M | -$9.38M | -$84.5M | -$41.84M | $188.1M | -$146.24M | $19.19M | -$98.42M | -$122.51M | -$96.01M | $257.75M | $126.41M | -$186.16M | -$18.48M | -$72.3M | -$116.41M | -$45.75M | -$20.1M | -$7.8M | -$24.24M | $0 | -$7.21M |
| Inventory | $189.62M | $107.5M | $258.68M | -$404.07M | -$1.53B | -$84.86M | $308.48M | -$481.03M | -$251.55M | $157.46M | $391.83M | -$34.32M | $201.8M | -$52.39M | -$135.07M | -$229.95M | $746.28M | -$493.39M | -$154M | -$75.67M | $208K | -$280.41M | -$42.45M | -$66.27M | -$26.49M | -$16.1M | $0 | -$4.12M |
| Accounts Payable | -$96.38M | -$236.4M | -$70.43M | -$197.29M | $502.2M | $201.09M | -$127.36M | $178.42M | $158.56M | $21.89M | -$152.31M | -$49.92M | -$25.55M | -$103.61M | $222.22M | $21.87M | -$343.19M | -$439.08M | $90.36M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | -$40.34M | -$80.67M | -$86.02M | -$316.58M | -$76.58M | $36.25M | -$91.73M | -$229.99M | -$11.28M | -$56.97M | -$100.91M | $55.52M | $32.27M | -$62.4M | -$25.34M | -$33.48M | $40.23M | $55.09M | $621.13M | -$262.38M | -$568.26M | $82.42M | $34.63M | -$103.69M | $10.4M | -$4.14M | -$39.43M | $8.28M |
| Total Working Capital Change | $121.62M | $272.22M | $22.64M | -$916.8M | -$1.36B | $121.04M | $248.64M | -$541.98M | -$188.77M | $80.54M | $326.71M | -$174.96M | $227.72M | -$316.82M | -$60.69M | -$337.57M | $701.07M | -$750.98M | $371.33M | -$356.54M | -$640.35M | -$314.4M | -$53.57M | -$190.07M | -$23.89M | -$44.49M | -$39.43M | -$3.04M |
| Other Non-Cash Items | $239M | $259.21M | -$85.48M | -$642.79M | -$491.02M | $135.45M | -$602.56M | $138.86M | $393.13M | $547.12M | $1.71B | -$85.82M | -$153.83M | $465.27M | -$471.87M | $153.1M | $2.67M | -$73.64M | -$399.14M | $119.77M | $88.83M | $85.74M | -$4.84M | $162.24M | $15.01M | -$1.57M | $37.38M | -$4.91M |
| Net Cash from Operating | $1.58B | $2.26B | $2.21B | $2.21B | $2.48B | $1.27B | $325.53M | $396.25M | $411.4M | $696.8M | $1.42B | $509.44M | $812.14M | $860.81M | $338.86M | $820.2M | $1.26B | $720.38M | $1.28B | $614.65M | $159.66M | $563.47M | $267.84M | $245.83M | $143.75M | $87.13M | $107.13M | $64.45M |
| Investing Activities | ||||||||||||||||||||||||||||
| Capital Expenditures | -$1.32B | -$1.15B | -$1.03B | -$850.47M | -$599.63M | -$327.12M | -$346.1M | -$236.79M | -$173.06M | -$262.34M | -$460.66M | -$449.17M | -$514.87M | -$619.69M | -$388.66M | -$255.38M | -$273.02M | -$543.99M | -$549.8M | -$438.31M | -$322.7M | -$232.09M | -$170.23M | -$130.39M | -$112.29M | -$102.32M | -$110.4M | -$82.55M |
| Acquisitions | -$156.66M | -$128.33M | -$94.56M | -$5.3M | $22.51M | -$96.17M | -$14.73M | -$74.4M | -$35.41M | $0 | -$12.18M | $0 | -$36.48M | -$40.86M | -$14.82M | -$56.1M | -$14.08M | -$807.73M | -$1.69B | -$279.17M | -$36.7M | -$166.18M | -$8.42M | -$275.1M | $7.08M | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$143.33M | -$271.84M | -$513.1M | -$96.1M | -$232.44M | -$647.19M | -$65.22M | -$67.66M | -$548.58M | -$594.69M | -$130.22M | -$142.21M | -$121.07M | -$238.22M |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $154.26M | $280.59M | $579.66M | $84.55M | $217.87M | $595.03M | $65.22M | $31.61M | $630.22M | $594.2M | $103.02M | $156.65M | $0 | $229.07M |
| Other Investing Activities | -$20.11M | $275.77M | -$17.15M | -$27.95M | -$16.58M | -$18.42M | -$15.56M | $783.49M | $102.35M | $50.46M | -$7.03M | $183.49M | $15.62M | -$20.72M | -$25.8M | -$14.93M | $12.8M | $63.22M | $41.42M | $52.32M | $7.45M | $147K | $2.27M | $4.23M | $67.93M | -$1.24M | -$374K | -$18.1M |
| Net Cash from Investing | -$1.5B | -$997.6M | -$1.14B | -$883.73M | -$593.7M | -$441.71M | -$376.39M | $472.31M | -$106.11M | -$211.88M | -$479.87M | -$265.68M | -$535.74M | -$681.27M | -$418.34M | -$317.66M | -$207.74M | -$1.3B | -$2.21B | -$717.31M | -$351.96M | -$434.17M | -$94.74M | -$401.76M | -$64.48M | -$89.12M | -$231.84M | -$109.8M |
| Financing Activities | ||||||||||||||||||||||||||||
| Debt Repaid | -$146.4M | -$32.49M | $285.76M | $246.77M | $920.09M | $439.71M | -$94.04M | $676.49M | $786.64M | $427.33M | $387.49M | -$120.17M | $32.6M | $70.72M | $494M | -$93.56M | $868.03M | -$29.69M | -$1.2B | -$277.46M | -$385.05M | -$8.86M | - | - | - | - | - | - |
| Common Stock Issuance | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $767.73M | $0 | $0 | $571.7M | $181.52M | $0 | $102.54M | $95.43M | $0 | $1.63M | $0 | $0 | $1.22M | $0 |
| Common Stock Repurchases | -$231.71M | -$236.75M | $0 | -$212.65M | $0 | $0 | $0 | -$48.23M | $0 | -$18.89M | -$37.47M | $0 | $0 | -$8.9M | -$16.9M | -$11.74M | -$2.56M | -$9.96M | $0 | -$13.91M | -$3.28M | -$4.91M | -$3.38M | $0 | $0 | $0 | $0 | -$120K |
| Dividends Paid | -$254.77M | -$328.23M | -$531.73M | -$1.17B | -$1.06B | -$54.46M | -$95.94M | -$118.72M | -$17.12M | -$17.03M | -$70.99M | -$90.19M | -$84.61M | -$103.65M | -$109.13M | -$201.82M | -$65.13M | -$326.95M | -$237.68M | -$188.16M | -$194.55M | -$145.05M | -$69.9M | -$52.09M | -$32.63M | -$25.5M | -$13.76M | -$10.75M |
| Other Financing Activities | $0 | $0 | $0 | -$9.15M | $0 | $0 | $0 | $0 | $0 | $0 | -$67.19M | -$133.7M | -$42.21M | -$22.08M | -$3.64M | -$573.27M | -$41.92M | $571.7M | -$1.72M | -$183K | -$1.54M | -$2.08M | $7.77M | -$4.27M | $0 | $0 | $0 | $0 |
| Net Cash from Financing | -$340.07M | -$532.49M | -$817.49M | -$1.64B | -$1.98B | -$494.17M | -$1.9M | -$843.44M | -$803.76M | -$463.26M | -$563.14M | -$103.72M | -$159.43M | -$205.35M | $144.07M | -$693.28M | -$977.64M | $515.2M | $1.2B | $74.55M | $289.13M | -$40.76M | -$142.41M | $198.64M | -$71.06M | $2.87M | $176.97M | $46.97M |
| Forex Effect | -$106.27M | $218.47M | -$140.82M | -$23.61M | $1.04M | $57.57M | $3.52M | $41.22M | $1.47M | -$137.52M | $138.57M | $48.36M | $14.2M | $18.01M | $17.76M | -$13.55M | -$60.1M | $64.57M | -$76.84M | $8.3M | $34.3M | -$6.2M | -$930K | -$33.85M | -$1.13M | $231K | $0 | -$72K |
| Net Change in Cash | -$364.34M | $943.67M | $104.98M | -$333.86M | -$90.47M | $391.47M | -$49.24M | $66.34M | -$496.99M | -$115.86M | $514.84M | $188.4M | $131.18M | -$7.8M | $82.35M | -$204.28M | $12.95M | $102K | $189.36M | -$19.81M | $131.14M | $82.34M | $29.76M | $8.86M | $7.09M | $1.11M | $52.25M | $1.58M |
| Supplementary Data | ||||||||||||||||||||||||||||
| Operating Cash Flow | $1.58B | $2.26B | $2.21B | $2.21B | $2.48B | $1.27B | $325.53M | $396.25M | $411.4M | $696.8M | $1.42B | $509.44M | $812.14M | $860.81M | $338.86M | $820.2M | $1.26B | $720.38M | $1.28B | $614.65M | $159.66M | $563.47M | $267.84M | $245.83M | $143.75M | $87.13M | $107.13M | $64.45M |
| Capital Expenditure | -$1.36B | -$1.18B | -$1.06B | -$888M | -$632.59M | -$357.68M | -$365.98M | -$250.14M | -$180.58M | -$273.05M | -$485.72M | -$477.3M | -$546.26M | -$650.77M | -$416.74M | -$274.13M | -$273.02M | -$547.37M | -$549.8M | -$438.31M | -$322.7M | -$232.09M | -$170.23M | -$130.39M | -$112.29M | -$102.32M | -$110.4M | -$82.55M |
| Free Cash Flow | $224.83M | $1.08B | $1.15B | $1.32B | $1.85B | $912.1M | -$40.45M | $146.11M | $230.83M | $423.75M | $933.56M | $32.14M | $265.88M | $210.05M | -$77.88M | $546.08M | $985.41M | $173M | $725.91M | $176.34M | -$163.04M | $331.38M | $97.61M | $115.43M | $31.45M | -$15.19M | -$3.27M | -$18.1M |
| Cash at Beginning | $1.54B | $595.6M | $490.61M | $824.47M | $914.94M | $523.47M | $572.71M | $506.36M | $1B | $1.12B | $604.38M | $415.98M | $284.8M | $292.6M | $210.25M | $414.54M | $401.59M | $401.49M | $212.13M | $224.97M | $115.19M | $48.69M | $23.13M | $19.52M | $5.72M | $3.7M | $85.44M | $1.03M |
| Cash at End | $1.17B | $1.54B | $595.6M | $490.61M | $824.47M | $914.94M | $523.47M | $572.71M | $506.36M | $1B | $1.12B | $604.38M | $415.98M | $284.8M | $292.6M | $210.25M | $414.54M | $401.59M | $401.49M | $205.16M | $246.33M | $131.03M | $52.89M | $28.38M | $12.81M | $4.8M | $137.69M | $2.61M |