Hercules Capital, Inc. (HCXY)
Hercules Capital, Inc. is a business development company. It focuses on venture lending capital-backed companies in the technology and life science industries. The company was founded in December 2003 and is headquartered in San Mater, CA.
Industry: Asset Management
Hercules Capital Inc
+0.00%$24.30
AH Close$24.30+0.00%vs close
AH Close$24.30+0.00%vs close
Mkt Cap$4.55B
Float138.35M
O/S187.16M
Inst Own-
SI<0.1%
Div Yield6.43%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$547.1M
Net Income$339.74M
Total Assets$4.58B
Free Cash Flow-$425.89M
Debt & Equity
Debt 51%
Equity 49%
Total Debt$2.3B
Total Equity$2.22B
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in HCXY's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$4.58B
Liabilities$2.37B
Accounts Receivable$37.26M
Accounts Payable$65.26M
Inventory$0
PP&E (Net)$14.84M
Goodwill$0
Intangible Assets$0
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Revenue | $547.1M | $430.9M | $494.12M | $239.39M | $309.58M | $357.38M | $298.2M | $175.52M | $173.43M | $143.41M | $126.55M | $143.1M | $166.09M | $96.17M | $87.2M | $35.08M | $44.74M | $57.05M | $63.94M | $30.41M | $11.5M | $0 |
| YoY Growth | 27.0% | -12.8% | 106.4% | -22.7% | -13.4% | 19.8% | 69.9% | 1.2% | 20.9% | 13.3% | -11.6% | -13.8% | 72.7% | 10.3% | 148.6% | -21.6% | -21.6% | -10.8% | 110.3% | 164.4% | - | - |
| Cost of Revenue | $69.84M | $77.15M | $67.62M | $54.75M | $54.45M | $59.6M | $54.6M | $39.44M | $37.86M | $32.02M | $30.83M | $28.04M | $30.33M | $19.84M | $13.25M | $8.57M | $9.39M | $13.12M | $4.4M | $5.77M | $1.8M | $0 |
| Gross Profit | $477.25M | $353.75M | $426.5M | $184.64M | $255.13M | $297.77M | $243.6M | $136.09M | $135.58M | $111.39M | $95.71M | $115.06M | $135.76M | $76.34M | $73.95M | $26.51M | $35.36M | $43.93M | $59.54M | $24.64M | $9.7M | $0 |
| Gross Margin | 87.2% | 82.1% | 86.3% | 77.1% | 82.4% | 83.3% | 81.7% | 77.5% | 78.2% | 77.7% | 75.6% | 80.4% | 81.7% | 79.4% | 84.8% | 75.6% | 79.0% | 77.0% | 93.1% | 81.0% | 84.3% | - |
| 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 |
| Selling, General, and Administrative | $19.03M | $19.67M | $18.7M | $16.95M | $16.11M | $18.91M | $19.18M | $14.52M | $15.67M | $16.11M | $16.66M | $10.21M | $9.35M | $8.11M | $7.99M | $7.09M | $7.28M | $6.9M | $5.44M | $5.41M | $2.29M | $411K |
| Other | $93.06M | $71.11M | $70.31M | $65.61M | $64.87M | $51.6M | $50.82M | $45.07M | $40.91M | $26.59M | $36.14M | $33.66M | $26.96M | $21.47M | $19.02M | $14.44M | $14.51M | $16.04M | $11.69M | $7.85M | $5.31M | $1.63M |
| Total Operating Expenses | $112.09M | $90.78M | $89.01M | $82.56M | $80.98M | $70.51M | $70.01M | $59.59M | $56.58M | $42.69M | $52.8M | $43.87M | $36.31M | $29.58M | $27.02M | $21.53M | $21.79M | $22.94M | $17.13M | $13.26M | $7.6M | $2.04M |
| Operating Income (EBIT) | $365.16M | $262.97M | $337.48M | $102.08M | $174.16M | $227.26M | $173.6M | $76.5M | $79M | $68.7M | $42.92M | $71.19M | $99.45M | $46.76M | $46.94M | $4.98M | $13.57M | $21M | $42.41M | $11.38M | $2.1M | -$2.04M |
| Operating Margin | 66.7% | 61.0% | 68.3% | 42.6% | 56.3% | 63.6% | 58.2% | 43.6% | 45.5% | 47.9% | 33.9% | 49.7% | 59.9% | 48.6% | 53.8% | 14.2% | 30.3% | 36.8% | 66.3% | 37.4% | 18.3% | - |
| Interest Expense | $92.18M | $77.15M | $67.62M | $54.75M | $54.45M | $59.6M | $54.6M | $39.44M | $37.86M | $32.02M | $30.83M | $28.04M | $30.33M | $19.84M | $13.25M | $8.57M | $9.39M | $13.12M | $4.4M | $5.77M | $1.8M | $0 |
| Interest Income | $507.89M | $467.19M | $434.43M | $307.26M | $253.36M | $263.38M | $247.51M | $190.64M | $172.2M | $158.73M | $140.27M | $126.62M | $123.67M | $87.6M | $70.35M | $54.42M | $62.2M | $67.28M | $48.76M | $26.28M | $9.79M | $214K |
| Other Income (Expense) | -$25.42M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Income Before Tax (EBT) | $339.74M | $262.97M | $337.48M | $102.08M | $174.16M | $227.26M | $173.6M | $76.5M | $79M | $68.7M | $42.92M | $71.19M | $99.45M | $46.76M | $46.94M | $4.98M | $13.57M | $21M | $42.41M | $11.38M | $2.1M | -$2.04M |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $38K | $49.05M | $0 | $0 | $42.95M | $72.76M | $28.4M | $0 | -$11.17M | $21.46M | -$5.87M | $2K | $643K | $255K | $0 |
| Net Income | $339.74M | $262.97M | $337.48M | $102.08M | $174.16M | $227.26M | $173.6M | $76.5M | $79M | $68.7M | $42.92M | $71.19M | $99.45M | $46.76M | $46.94M | $4.98M | $13.57M | $21M | $42.41M | $11.38M | $2.1M | -$2.04M |
| Net Income Margin | 62.1% | 61.0% | 68.3% | 42.6% | 56.3% | 63.6% | 58.2% | 43.6% | 45.5% | 47.9% | 33.9% | 49.7% | 59.9% | 48.6% | 53.8% | 14.2% | 30.3% | 36.8% | 66.3% | 37.4% | 18.3% | - |
| Supplementary Data | ||||||||||||||||||||||
| EPS | 1.90 | 1.61 | 2.32 | 0.80 | 1.50 | 2.02 | 1.71 | 0.83 | 0.95 | 0.91 | 0.60 | 1.12 | 1.67 | 0.93 | 1.08 | 0.12 | 0.38 | 0.64 | 1.50 | 0.85 | 0.30 | -1.72 |
| Diluted EPS | 1.85 | 1.61 | 2.31 | 0.79 | 1.49 | 2.01 | 1.71 | 0.83 | 0.95 | 0.91 | 0.59 | 1.10 | 1.63 | 0.93 | 1.07 | 0.12 | 0.37 | 0.64 | 1.49 | 0.84 | 0.30 | -1.72 |
| Weighted Average OS | 180.77M | 161.08M | 144.09M | 125.19M | 114.74M | 111.98M | 101.13M | 90.93M | 82.52M | 73.75M | 69.48M | 61.86M | 58.84M | 49.07M | 42.99M | 36.16M | 34.49M | 32.62M | 28.30M | 13.35M | 6.94M | 1.19M |
| EBITDA | $365.43M | $263.43M | $337.67M | $102.28M | $174.47M | $227.68M | $173.86M | $76.69M | $79.2M | $68.91M | $43.11M | $71.45M | $99.7M | $47.05M | $47.28M | $5.38M | $13.94M | $21.3M | $42.61M | $11.45M | $2.13M | -$2.03M |
| EBITDA Margin | 66.8% | 61.1% | 68.3% | 42.7% | 56.4% | 63.7% | 58.3% | 43.7% | 45.7% | 48.0% | 34.1% | 49.9% | 60.0% | 48.9% | 54.2% | 15.3% | 31.2% | 37.3% | 66.6% | 37.6% | 18.5% | - |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Assets | ||||||||||||||||||||||
| Current Assets | ||||||||||||||||||||||
| Cash and Cash Equivalents | $56.87M | $113.12M | $98.9M | $15.8M | $133.12M | $198.28M | $64.39M | $34.21M | $91.31M | $13.04M | $95.2M | $227.12M | $268.37M | $182.99M | $64.47M | $107.01M | $124.83M | $17.24M | $7.86M | $16.4M | $15.36M | $8.68M |
| 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 |
| Cash and Short-Term Investments | $56.87M | $113.12M | $98.9M | $15.8M | $133.12M | $198.28M | $64.39M | $34.21M | $91.31M | $13.04M | $95.2M | $227.12M | $268.37M | $182.99M | $64.47M | $107.01M | $124.83M | $17.24M | $7.86M | $16.4M | $15.36M | $8.68M |
| Accounts Receivable | $37.26M | $32.58M | $32.74M | $31.68M | $17.36M | $19.08M | $20.21M | $16.96M | $12.26M | $11.61M | $9.24M | $9.45M | $8.96M | $9.63M | $5.82M | $4.52M | $3.76M | $8.8M | $6.39M | $2.91M | $1.48M | $81K |
| Inventory | $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 | $0 | -$70.44M | $28M | $10.95M | $3.71M | $39.4M | $50.6M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Current Assets | $94.14M | $75.26M | $159.64M | $58.43M | $154.19M | $256.76M | $135.2M | $51.17M | $103.57M | $24.66M | $104.44M | $236.57M | $277.33M | $192.63M | $70.29M | $111.53M | $128.59M | $26.05M | $14.24M | $19.31M | $16.84M | $8.78M |
| Long-Term Assets | ||||||||||||||||||||||
| Property, Plant & Equipment Net | $14.84M | $16.78M | $4.79M | $4.99M | $6.76M | $9.28M | $11.66M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $78K | $35K |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $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 | $4.47B | $3.66B | $3.25B | $2.96B | $2.43B | $2.35B | $2.31B | $1.88B | $1.54B | $1.42B | $1.2B | $1.02B | $910.29M | $906.3M | $1.31B | $472.16M | $374.67M | $581.3M | $529.97M | $283.23M | $176.67M | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.45M | $0 |
| Other Long-Term Assets | -$4.47B | -$3.66B | $4.45M | $1.48M | $4.54M | $3.88M | $580K | $13.65M | $8.93M | $15.6M | $18.91M | $41.92M | $34.09M | -$906.3M | -$628.64M | -$472.16M | $5.71M | -$581.3M | -$529.97M | -$1.4M | -$1.4M | $16.42M |
| Total Long-Term Assets | $14.84M | $16.78M | $3.26B | $2.97B | $2.45B | $2.37B | $2.33B | $1.89B | $1.55B | $1.44B | $1.22B | $1.06B | $944.38M | $906.3M | $677.1M | $472.16M | $380.38M | $581.3M | $529.97M | $281.83M | $176.81M | $16.45M |
| Other Assets | $4.48B | $3.74B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $24.71M | $0 | $7.68M | $0 | $1.33M | -$2.27M | $0 | $0 | $0 |
| Total Assets | $4.58B | $3.83B | $3.42B | $3.03B | $2.6B | $2.62B | $2.46B | $1.95B | $1.65B | $1.46B | $1.32B | $1.3B | $1.22B | $1.12B | $747.39M | $591.37M | $508.97M | $608.67M | $541.94M | $301.14M | $193.65M | $25.23M |
| Liabilities | ||||||||||||||||||||||
| Current Liabilities | ||||||||||||||||||||||
| Accounts Payable | $65.26M | $54.86M | $50.79M | $46.34M | $42.08M | $36.34M | $30.31M | $25.96M | $26.9M | $21.46M | $17.24M | $14.1M | $14.27M | $11.57M | $10.81M | $8.72M | $11.85M | $9.43M | $6.96M | $540K | $150K | $2K |
| Short-Term Debt | $0 | $3.09M | $104.83M | $0 | $379.3M | $0 | $0 | $52.96M | $0 | $5.02M | $50M | $0 | $0 | $0 | $10.19M | $0 | $0 | $89.58M | $79.2M | $41M | $76M | $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 | $1.71M | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$6.87M | -$6.59M | $0 | $0 | $0 |
| Other Current Liabilities | $0 | -$3.09M | $766K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$11.57M | $0 | -$8.72M | $0 | -$92.14M | -$79.56M | $0 | $0 | $0 |
| Total Current Liabilities | $65.26M | $54.86M | $158.98M | $47.54M | $427.08M | $36.34M | $30.31M | $78.92M | $26.9M | $26.48M | $67.24M | $14.1M | $14.27M | $11.57M | $21M | $8.72M | $11.85M | -$6.87M | -$6.41M | $41.54M | $76.15M | $155K |
| Long-Term Liabilities | ||||||||||||||||||||||
| Long-Term Debt | $2.3B | $1.77B | $1.45B | $1.57B | $857M | $1.29B | $1.29B | $910.83M | $786.85M | $649.78M | $539.61M | $626.26M | $557.44M | $596.1M | $295.35M | $170M | $130.6M | $127.2M | $55.05M | $41M | $76M | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
| Other Long-Term Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$596.1M | $0 | $0 | $0 | $105.89M | -$55.05M | -$36.81M | -$72.85M | $0 |
| Total Long-Term Liabilities | $2.3B | $1.79B | $1.45B | $1.58B | $864.38M | $1.3B | $1.3B | $910.83M | $786.85M | $649.78M | $539.61M | $626.26M | $557.44M | $296.44M | $295.35M | $170M | $130.6M | $233.09M | $147.62M | $4.19M | $3.15M | $0 |
| Other Liabilities | $0 | $0 | $3.37M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $299.66M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $2.37B | $1.84B | $1.61B | $1.63B | $1.29B | $1.33B | $1.33B | $989.75M | $813.75M | $676.26M | $606.85M | $640.36M | $571.71M | $607.67M | $316.35M | $178.72M | $142.45M | $226.21M | $141.21M | $45.73M | $79.3M | $155K |
| Stockholders' Equity | ||||||||||||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.33M | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $183K | $171K | $158K | $134K | $117K | $115K | $108K | $96K | $85K | $80K | $73K | $65K | $62K | $53K | $44K | $43K | $35K | $33K | $33K | $22K | $10K | $2K |
| Retained Earnings | $101.15M | $88.92M | $140.01M | $59.91M | $216.52M | $133.39M | -$12.16M | -$92.86M | -$67.62M | $22.92M | $17.63M | $4.56M | $4.99M | -$3.73M | -$6.77M | -$3.13M | -$4.4M | -$5.94M | -$3.7M | -$2.73M | -$1.02M | $0 |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 | $0 | -$0 | $0 | $0 | -$100.13M | -$89.03M | -$24.82M | -$3M | -$11.64M | -$44.86M | -$46.47M | -$63.13M | -$38.16M | -$9.71M | $10.87M | $889K | $0 | -$2.04M |
| Other Stockholders' Equity | $2.11B | $1.9B | $1.66B | $1.34B | $1.09B | $1.16B | $1.15B | $1.05B | $908.5M | $764.95M | $699.44M | $654.24M | $644.95M | $519.64M | $437.77M | $415.75M | $370.88M | $388.37M | $404.4M | $258.12M | $115.36M | $25.08M |
| Total Equity | $2.22B | $1.99B | $1.8B | $1.4B | $1.31B | $1.29B | $1.13B | $955.44M | $840.97M | $787.94M | $717.13M | $658.86M | $650.01M | $515.97M | $431.04M | $412.65M | $366.51M | $382.46M | $400.74M | $255.41M | $114.35M | $25.08M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $4.58B | $3.83B | $3.42B | $3.03B | $2.6B | $2.62B | $2.46B | $1.95B | $1.65B | $1.46B | $1.32B | $1.3B | $1.22B | $1.12B | $747.39M | $591.37M | $508.97M | $608.67M | $541.94M | $301.14M | $193.65M | $25.23M |
| Supplementary Data | ||||||||||||||||||||||
| Total Debt | $2.3B | $1.79B | $1.56B | $1.58B | $1.24B | $1.3B | $1.3B | $963.79M | $786.85M | $654.8M | $589.61M | $626.26M | $557.44M | $596.1M | $305.54M | $170M | $130.6M | $216.78M | $134.25M | $82M | $152M | $0 |
| Net Debt | $2.25B | $1.67B | $1.46B | $1.56B | $1.11B | $1.1B | $1.23B | $929.57M | $695.54M | $641.75M | $494.41M | $399.14M | $289.07M | $413.11M | $241.07M | $62.99M | $5.77M | $199.54M | $126.39M | $65.6M | $136.64M | -$8.68M |
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 | $339.74M | $262.97M | $337.48M | $102.08M | $174.16M | $227.26M | $173.6M | $76.5M | $79M | $68.7M | $42.92M | $71.19M | $99.45M | $46.76M | $46.94M | $4.98M | $13.57M | $21M | $42.41M | $11.38M | $2.1M | -$2.04M |
| Depreciation & Amortization | $337K | $466K | $190K | $204K | $317K | $415K | $262K | $199K | $201K | $202K | $193K | $266K | $252K | $289K | $348K | $400K | $367K | $306K | $204K | $65K | $24K | $8K |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | -$8.47M | $0 | -$326.49M | -$89.7M | -$192.7M | -$164.09M | -$95.87M | $2.37M | -$238.21M | -$190.55M | -$97M | $217.45M | -$44.03M | $0 | $1.45M | -$1.45M | $0 |
| Stock-Based Compensation | $0 | $0 | $0 | $13.38M | $11.93M | $11.05M | $8.64M | $11.27M | $7.25M | $7.13M | $9.46M | $9.64M | $6.05M | $4.3M | $3.19M | $2.79M | $1.98M | $988K | $0 | $617.6B | $0 | $0 |
| Changes in Working Capital: | ||||||||||||||||||||||
| Accounts Receivable | -$5.34M | $62K | -$1.05M | -$14.21M | $1.71M | $1.13M | -$3.25M | -$4.7M | -$648K | -$2.38M | $213K | -$490K | $672K | -$3.81M | $0 | $0 | $0 | $0 | -$2.51M | $0 | -$1.05M | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | -$1.13M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $0 | $0 | $0 | $0 | $0 | -$16K | -$205K | $11K | -$10K | $56K | -$639K | $271K | $54K | $279K | -$563K | $350K | -$70K | $302K | $0 | $390.3B | $0 | $0 |
| Other Working Capital | $11.24M | $15.36M | -$16.12M | -$2.01M | $11.68M | $5.76M | $6.87M | -$655K | $3.64M | $7.13M | $9.92M | $5.93M | $4.25M | -$62K | $1.46M | -$4.51M | $8.48M | $7.07M | $7.31M | -$390.29B | $3.67M | $335K |
| Total Working Capital Change | $5.9M | $15.42M | -$17.17M | -$16.23M | $13.39M | $5.74M | $3.42M | -$5.34M | $2.98M | $4.81M | $9.49M | $5.72M | $4.97M | -$3.6M | $898K | -$4.16M | $8.41M | $7.37M | $4.8M | $5.87M | $2.63M | $335K |
| Other Non-Cash Items | -$771.77M | -$396.94M | -$252.23M | -$524.24M | -$71.18M | -$25.62M | -$426.58M | -$5.1M | -$18.13M | -$26.52M | -$12.33M | -$17.47M | -$9.5M | -$3.48M | -$351K | -$268K | -$15.86M | -$13.15M | -$248.53M | -$617.71B | -$159.45M | -$16.02M |
| Net Cash from Operating | -$425.8M | -$118.09M | $68.28M | -$424.8M | $128.62M | $207.8M | -$240.66M | -$248.97M | -$18.4M | -$138.38M | -$114.36M | -$26.53M | $103.59M | -$193.94M | -$139.53M | -$93.25M | $225.93M | -$27.53M | -$201.11M | -$91.25M | -$156.15M | -$17.72M |
| Investing Activities | ||||||||||||||||||||||
| Capital Expenditures | -$89K | -$705K | -$887K | -$114K | -$106K | -$137K | -$595K | -$475K | -$274K | -$252K | -$187K | -$190K | -$311K | -$87K | -$189K | -$244K | -$134K | -$606K | -$181K | -$817K | -$66K | -$40K |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $137K | $0 | $475K | $740.91M | $661.97M | $694.81M | $589.8M | $0 | $87K | $427.33M | $314.72M | $92.64M | $331.76M | $0 | $191.4T | $0 | $0 |
| Purchases of Investments | -$1.7B | -$1.54B | $0 | $0 | $0 | -$761.26M | $0 | -$960.84M | -$764.79M | -$680.97M | -$712.7M | -$623.23M | $0 | -$507.1M | -$445.07M | -$322.33M | -$98.41M | -$351.93M | $0 | -$195.99T | $0 | $0 |
| Sales of Investments | $120.9M | $1.01B | $0 | $0 | $0 | $32.78M | $0 | $19.89M | $23.88M | $19M | $17.89M | $33.43M | $0 | $25.95M | $17.73M | $7.61M | $5.77M | $20.17M | $0 | $4.59T | $531K | $0 |
| Other Investing Activities | $1.58B | $537.33M | $0 | $0 | $0 | $728.48M | $0 | $940.96M | $4.64M | $869K | $3.47M | -$6.36M | -$6.27M | $481.15M | -$25K | $350K | -$360K | -$6K | $215K | -$660K | -$549K | -$3K |
| Net Cash from Investing | -$89K | -$705K | -$887K | -$114K | -$106K | -$137K | -$595K | -$475K | $4.36M | $617K | $3.28M | -$6.55M | -$6.58M | -$87K | -$214K | $106K | -$494K | -$612K | $34K | -$1.48M | -$84K | -$43K |
| Financing Activities | ||||||||||||||||||||||
| Debt Repaid | -$511.52M | -$213.63M | $24M | -$343.04M | $50.07M | $2.93M | -$322.45M | -$177.6M | -$135.2M | -$67.19M | $26.11M | -$70.86M | $39.74M | -$289.44M | -$140.19M | -$39.4M | $86.18M | -$82.53M | -$93.25M | $35M | -$76M | - |
| Common Stock Issuance | $0 | $220.88M | $344.35M | $0 | $0 | $77.18M | $133.99M | $144.39M | $66.94M | $92.83M | $100.09M | $9.84M | $95.12M | $79.65M | $30K | $68.73M | $22K | $934K | $131.41M | $143.01M | $87.16M | $23.86M |
| Common Stock Repurchases | -$6.49M | -$3.43M | -$12.7M | -$4.53M | -$2.82M | -$1.84M | -$5.12M | -$4.96M | -$2.69M | -$7.32M | -$9.21M | -$3.9M | -$2.74M | $0 | $0 | -$3.7M | -$22K | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | -$276.06M | -$303.48M | -$273.68M | -$169.32M | -$145.38M | -$152.42M | -$132.05M | -$112.72M | -$100.89M | -$90.53M | -$84.99M | -$77.08M | -$64.25M | -$45.68M | -$36.84M | -$26.89M | -$31.52M | -$41.87M | -$30.01M | -$14.24M | -$245K | $0 |
| Other Financing Activities | $189.88M | -$8.4M | $333.13M | $221.14M | -$1.49M | $72.15M | -$8.88M | $140.38M | $60.67M | $86.28M | -$620K | $1.95M | -$19K | -$10.86M | -$6.17M | -$2.21M | -$147K | -$4.07M | -$2.13M | $648 | $0 | $0 |
| Net Cash from Financing | $368.92M | $119.2M | $22.75M | $314.52M | -$229.87M | -$85.04M | $310.4M | $200.31M | $92.3M | $55.62M | -$20.84M | -$8.17M | -$11.64M | $312.54M | $97.2M | $75.33M | -$117.85M | $37.52M | $192.53M | $93.77M | $162.92M | $26.44M |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $17.76M |
| Net Change in Cash | -$56.97M | $408K | $90.14M | -$110.39M | -$101.36M | $122.63M | $69.14M | -$49.14M | $78.27M | -$82.15M | -$131.92M | -$41.25M | $85.37M | $118.52M | -$42.54M | -$17.81M | $107.59M | $9.39M | -$8.55M | $1.04M | $6.68M | $26.44M |
| Supplementary Data | ||||||||||||||||||||||
| Operating Cash Flow | -$425.8M | -$118.09M | $68.28M | -$424.8M | $128.62M | $207.8M | -$240.66M | -$248.97M | -$18.4M | -$138.38M | -$114.36M | -$26.53M | $103.59M | -$193.94M | -$139.53M | -$93.25M | $225.93M | -$27.53M | -$201.11M | -$91.25M | -$156.15M | -$17.72M |
| Capital Expenditure | -$89K | -$705K | -$887K | -$114K | -$106K | -$137K | -$595K | -$475K | -$274K | -$252K | -$187K | -$190K | -$311K | -$87K | -$189K | -$244K | -$134K | -$606K | -$181K | -$817K | -$66K | -$40K |
| Free Cash Flow | -$425.89M | -$118.79M | $67.39M | -$424.91M | $128.51M | $207.66M | -$241.26M | -$249.44M | -$18.67M | -$138.64M | -$114.55M | -$26.72M | $103.28M | -$194.02M | -$139.71M | -$93.49M | $225.79M | -$28.13M | -$201.29M | -$92.07M | -$156.22M | -$17.76M |
| Cash at Beginning | $116.42M | $116.01M | $25.88M | $136.26M | $237.62M | $115M | $45.86M | $95M | $13.04M | $95.2M | $227.12M | $268.37M | $182.99M | $64.47M | $107.01M | $124.83M | $17.24M | $7.86M | $16.4M | $15.36M | $8.68M | -$17.76M |
| Cash at End | $59.45M | $116.42M | $116.01M | $25.88M | $136.26M | $237.62M | $115M | $45.86M | $91.31M | $13.04M | $95.2M | $227.12M | $268.37M | $182.99M | $64.47M | $107.01M | $124.83M | $17.24M | $7.86M | $16.4M | $15.36M | $8.68M |