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Hercules Capital, Inc. (HTGC)

Hercules Capital, Inc. is a business development company. The firm specializing in providing private equity, venture debt, and growth capital to privately held venture capital-backed companies at all stages of development from mid venture to expansion stage including select publicly listed companies and select special opportunity companies that require additional capital to fund acquisitions, recapitalizations and refinancing and established-stage companies. The firm provides growth capital financing solutions for capital extension; management buy-out and corporate spin-out financing solutions; company, asset specific, or intellectual property acquisition financing; convertible, subordinated and/or mezzanine loans; domestic and international corporate expansion; vendor financing; revenue acceleration by sales and marketing development, and manufacturing expansion. It provides asset-based financing with a focus on cash flow; accounts receivable facilities; equipment loans or leases; equipment acquisition; facilities build-out and/or expansion; working capital revolving lines of credit; inventory. The firm also provides bridge financing to IPO or mergers and acquisitions or technology acquisition; dividend recapitalizations and other sources of investor liquidity; cash flow financing to protect against share price volatility; competitor acquisition; pre-IPO financing for extra cash on the balance sheet; public company financing to continue asset growth and production capacity; short-term bridge financing; and strategic and intellectual property acquisition financings. It also focuses on customized financing solutions, emerging growth, mid venture, and late venture financing. The firm invests primarily in structured debt with warrants and, to a lesser extent, in senior debt and equity investments. The firm generally seeks to invest in companies that have been operating for at least six to 12 months prior to the date of their investment. It prefers to invest in technology, SaaS Finance, energy technology, sustainable and renewable technology, and life sciences. Within technology the firm focuses on advanced specialty materials and chemicals; communication and networking, consumer and business products; consumer products and services, digital media and consumer internet; electronics and computer hardware; enterprise software and services; gaming; healthcare services; information services; business services; media, content and information; mobile; resource management; security software; semiconductors; semiconductors and hardware; and software sector. Within energy technology, it invests in agriculture; clean technology; energy and renewable technology, fuels, and power technology; geothermal; smart grid and energy efficiency and monitoring technologies; solar; and wind. Within life sciences, the firm invests in biopharmaceuticals; biotechnology tools; diagnostics; drug discovery, drug platform, development, and delivery; medical devices and equipment; surgical devices; therapeutics; pharma services; and specialty pharmaceuticals. Within sustainable and renewables, it invests in Vehicle Technology, Energy Generation and Storage, Ag Technology, Advanced Materials, and Industry 4.0. It also invests in educational services. The firm invests primarily in United States based companies and considers investment in the West Coast, Mid-Atlantic regions, Southeast and Midwest, particularly in the areas of software, biotech, and information services. The firm prefers to invest between $5 million and $500 million in equity per transactions. It invests in debt between $1 million and $40 million in companies focused primarily on business services, communications, electronics, hardware, and healthcare services. The firm invests primarily in private companies but also have investments in public companies. For equity investments, the firm seeks to represent a controlling interest in its portfolio companies which may exceed 25% of the voting securities of such companies. The firm seeks to invest a limited portion of its assets in equipment-based loans to early-stage prospective portfolio companies. These loans are generally for amounts up to $3 million but may be up to $15 million for certain energy technology venture investments. The firm allows certain debt investments have the right to convert a portion of the debt investment into equity. It also co-invests with other private equity firms. The firm seeks to exit its investments through initial public offering, a private sale of equity interest to a third party, a merger or an acquisition of the company or a purchase of the equity position by the company or one of its stockholders. The firm has structured debt with warrants which typically have maturities of between two and seven years with an average of three years; senior debt with an investment horizon of less than three years; equipment loans with an investment horizon ranging from three to four years; and equity related securities with an investment horizon ranging from three to seven years. The firm prefers to invest through its balance sheet capital. The firm formerly known as Hercules Technology Growth Capital, Inc. Hercules Capital, Inc. was founded in December 2003 and is based in San Mateo, California with additional offices in North America and Europe.

Industry: Asset Management

Hercules Capital, Inc. logo

Hercules Capital, Inc.

NYSE:HTGCFinancial Services
-0.49%$16.41
AH Close$16.41+0.00%vs close
Mkt Cap$3.07B
Float183.44M
O/S187.16M
Inst Own29.3%
SI4.6%
Div Yield11.88%
Dilution
Hercules Capital, Inc. logoNYSE:HTGC$16.41-0.49%
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 HTGC'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
PeriodFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017FY 2016FY 2015FY 2014FY 2013FY 2012FY 2011FY 2010FY 2009FY 2008FY 2007FY 2006FY 2005FY 2004
CurrencyUSDUSDUSDUSDUSDUSDUSDUSDUSDUSDUSDUSDUSDUSDUSDUSDUSDUSDUSDUSDUSDUSD
Period Ending2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-312015-12-312014-12-312013-12-312012-12-312011-12-312010-12-312009-12-312008-12-312007-12-312006-12-312005-12-312004-12-31
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 Growth27.0%-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 Margin87.2%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 Margin66.7%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 Margin62.1%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
EPS1.901.612.320.801.502.021.710.830.950.910.601.121.670.931.080.120.380.641.500.850.30-1.72
Diluted EPS1.851.612.310.791.492.011.710.830.950.910.591.101.630.931.070.120.370.641.490.840.30-1.72
Weighted Average OS180.77M161.08M144.09M125.19M114.74M111.98M101.13M90.93M82.52M73.75M69.48M61.86M58.84M49.07M42.99M36.16M34.49M32.62M28.30M13.35M6.94M1.19M
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 Margin66.8%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
PeriodFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017FY 2016FY 2015FY 2014FY 2013FY 2012FY 2011FY 2010FY 2009FY 2008FY 2007FY 2006FY 2005FY 2004
CurrencyUSDUSDUSDUSDUSDUSDUSDUSDUSDUSDUSDUSDUSDUSDUSDUSDUSDUSDUSDUSDUSDUSD
Period Ending2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-312015-12-312014-12-312013-12-312012-12-312011-12-312010-12-312009-12-312008-12-312007-12-312006-12-312005-12-312004-12-31
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
PeriodFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017FY 2016FY 2015FY 2014FY 2013FY 2012FY 2011FY 2010FY 2009FY 2008FY 2007FY 2006FY 2005FY 2004
CurrencyUSDUSDUSDUSDUSDUSDUSDUSDUSDUSDUSDUSDUSDUSDUSDUSDUSDUSDUSDUSDUSDUSD
Period Ending2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-312015-12-312014-12-312013-12-312012-12-312011-12-312010-12-312009-12-312008-12-312007-12-312006-12-312005-12-312004-12-31
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