MID AMERICA APARTMENT COMMUNITIES INC. (MAA)
Mid-America Apartment Communities, known as MAA, is a prominent S&P 500 entity operating as a Real Estate Investment Trust (REIT). Its core objective is to generate outstanding, comprehensive investment returns for its shareholders. MAA achieves this by strategically acquiring, developing, redeveloping, owning, and managing high-quality apartment complexes. These properties are primarily located across the Southeast, Southwest, and Mid-Atlantic regions of the United States. As of December 31, 2020, the company held an interest in 102,772 apartment units, a figure that includes communities currently under development, spread throughout 16 states and the District of Columbia.
Sector: Real Estate Investment Trusts
Industry: REIT - Residential
Mid-America Apartment Communities, Inc.
NYSE:MAAReal Estate · REIT - Residential
-1.15%$119.78
AH Close$119.78+0.00%vs close
AH Close$119.78+0.00%vs close
Mkt Cap$13.9B
Float115.2M
O/S116.02M
Inst Own96.8%
Div Yield5.11%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$2.21B
Net Income$446.91M
Total Assets$11.98B
Free Cash Flow$717.94M
Debt & Equity
Debt 49%
Equity 51%
Preferred 0%
Total Debt$5.41B
Total Equity$5.68B
Preferred Stock$9K
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in MAA's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$11.98B
Liabilities$6.14B
Accounts Receivable$0
Accounts Payable$0
Inventory$0
PP&E (Net)$0
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 | FY 2003 | FY 2002 | FY 2001 | FY 2000 | FY 1999 | FY 1998 | FY 1997 | FY 1996 | FY 1995 | FY 1994 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Revenue | $2.21B | $2.19B | $2.15B | $2.02B | $1.78B | $1.68B | $1.64B | $1.57B | $1.53B | $1.13B | $1.04B | $989.3M | $634.73M | $497.17M | $448.99M | $402.23M | $378.54M | $369.85M | $352.96M | $326M | $297.45M | $267.78M | $240.91M | $233.14M | $228.04M | $224.64M | $226.32M | $215.54M | $139.12M | $111.88M | $94.8M | $51.3M |
| YoY Growth | 0.8% | 2.0% | 6.4% | 13.6% | 6.0% | 2.3% | 4.4% | 2.8% | 35.9% | 7.9% | 5.4% | 55.9% | 27.7% | 10.7% | 11.6% | 6.3% | 2.4% | 4.8% | 8.3% | 9.6% | 11.1% | 11.2% | 3.3% | 2.2% | 1.5% | -0.7% | 5.0% | 54.9% | 24.3% | 18.0% | 84.8% | - |
| Cost of Revenue | $1.51B | $1.48B | $1.4B | $1.33B | $1.26B | $1.2B | $1.16B | $1.13B | $1.11B | $780.41M | $726.15M | $727.25M | $463.69M | $336.64M | $299.55M | $280.01M | $159.71M | $155.31M | $227.07M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Gross Profit | $703.07M | $713.27M | $747.48M | $687.71M | $517.75M | $474.37M | $476.32M | $439.37M | $414.96M | $344.94M | $316.62M | $265.08M | $171.79M | $139.25M | $110.24M | $100.13M | $218.84M | $214.7M | $120.27M | $326M | $297.45M | $267.78M | $232.72M | $226.68M | $228.01M | $222.13M | $236.5M | $215.54M | $139.1M | $111.88M | $95M | $51.3M |
| Gross Margin | 31.8% | 32.6% | 34.8% | 34.0% | 29.1% | 28.3% | 29.0% | 28.0% | 27.1% | 30.7% | 30.4% | 26.8% | 27.1% | 28.0% | 24.6% | 24.9% | 57.8% | 58.1% | 34.1% | 100.0% | 100.0% | 100.0% | 96.6% | 97.2% | 100.0% | 98.9% | 104.5% | 100.0% | 100.0% | 100.0% | 100.2% | 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 |
| Selling, General, and Administrative | $54.81M | $56.52M | $58.58M | $58.83M | $52.88M | $46.86M | $43.84M | $38.85M | $40.19M | $29.04M | $25.72M | $20.91M | $15.57M | $13.76M | $18.12M | $12.35M | $28.54M | $28.64M | $28.73M | $11.89M | $10.35M | $9.24M | $7.24M | $6.67M | $5.88M | $14.83M | $39.7M | $11.96M | $21.2M | $6.15M | $14.5M | $8.9M |
| Other | $28.82M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$368K | $0 | $0 | $0 | $115.61M | $104.06M | $113.66M | $113.56M | $220.25M | $201.27M | $188.41M | $172.16M | $169.93M | $159.45M | $149.19M | $138.05M | $137.64M | $128.29M | $81.03M | $90.44M | -$59.8M | -$32.2M |
| Total Operating Expenses | $83.63M | $56.52M | $58.58M | $58.83M | $52.88M | $46.86M | $43.84M | $38.85M | $60.18M | $72.79M | $25.72M | $34.84M | $54.47M | $15.34M | $21.44M | $14.87M | $125.51M | $118.8M | $28.73M | $238.67M | $220.99M | $201M | $169.69M | $159.65M | $154.83M | $150.36M | $162.3M | $140.25M | $87.61M | $96.59M | -$45.3M | -$23.3M |
| Operating Income (EBIT) | $619.44M | $656.75M | $688.9M | $628.88M | $464.87M | $427.51M | $432.47M | $400.51M | $354.78M | $272.15M | $290.91M | $230.23M | $117.33M | $123.9M | $88.8M | $85.27M | $93.33M | $95.9M | $91.55M | $87.33M | $76.46M | $66.79M | $63.03M | $67.02M | $73.18M | $71.77M | $74.2M | $75.3M | $51.48M | $15.29M | $140.3M | $74.6M |
| Operating Margin | 28.0% | 30.0% | 32.1% | 31.1% | 26.1% | 25.5% | 26.4% | 25.5% | 23.2% | 24.2% | 27.9% | 23.3% | 18.5% | 24.9% | 19.8% | 21.2% | 24.7% | 25.9% | 25.9% | 26.8% | 25.7% | 24.9% | 26.2% | 28.7% | 32.1% | 31.9% | 32.8% | 34.9% | 37.0% | 13.7% | 148.0% | 145.4% |
| Interest Expense | $185.26M | $168.54M | $149.23M | $154.75M | $156.88M | $167.56M | $179.85M | $173.59M | $154.75M | $129.95M | $122.34M | $123.95M | $78.98M | $58.75M | $58.61M | $56M | $57.09M | $62.01M | $39.95M | $20.95M | $19.74M | $25.2M | $20.21M | $16.14M | $28.7M | $29.79M | $33.57M | $26.76M | $11.23M | $14.26M | $9.8M | $7M |
| Interest Income | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $770K | $466K | $430K | $574K | $837K | $385K | $509K | $195K | $0 | $0 | $0 | $17.71M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | -$159.27M | -$111.89M | -$118.06M | $18.11M | $98.26M | -$161.67M | -$63.81M | -$168.71M | -$12.99M | -$46.29M | $61.51M | -$83.25M | -$79.08M | -$61.67M | -$58.77M | -$55.29M | -$93.33M | -$95.9M | -$91.55M | -$87.33M | -$76.46M | -$66.79M | -$63.03M | -$67.02M | -$73.18M | -$71.77M | -$74.2M | -$75.3M | -$51.48M | -$15.29M | -$140.3M | -$74.6M |
| Income Before Tax (EBT) | $460.17M | $544.87M | $570.85M | $646.99M | $563.13M | $265.84M | $368.66M | $231.8M | $341.79M | $225.86M | $352.42M | $145.11M | $37.83M | $67.79M | $48.82M | $29.76M | $37.21M | $30.25M | $39.95M | $20.95M | $19.74M | $25.2M | $20.21M | $16.14M | $28.7M | $29.79M | $33.57M | $26.76M | $11.23M | $14.26M | $9.8M | $7M |
| Income Tax Expense | $4.59M | $5.24M | $4.74M | -$6.21M | $13.64M | $3.33M | $3.7M | $2.61M | $2.62M | $1.7M | $1.67M | $2.05M | $893K | -$37.44M | -$48.82M | -$29.76M | -$37.21M | -$30.25M | -$39.95M | -$20.95M | -$19.74M | -$25.2M | -$20.21M | -$16.14M | -$28.7M | -$29.79M | -$33.57M | -$26.76M | -$11.23M | -$14.26M | $0 | -$7M |
| Net Income | $446.91M | $527.54M | $552.81M | $637.44M | $533.79M | $254.62M | $353.81M | $222.9M | $328.38M | $212.22M | $332.29M | $147.98M | $115.28M | $105.22M | $48.82M | $29.76M | $37.21M | $30.25M | $39.95M | $20.95M | $19.74M | $25.2M | $20.21M | $16.14M | $28.7M | $29.79M | $33.5M | $26.76M | $11.2M | $14.26M | $9.8M | $7M |
| Net Income Margin | 20.2% | 24.1% | 25.7% | 31.6% | 30.0% | 15.2% | 21.6% | 14.2% | 21.5% | 18.9% | 31.9% | 15.0% | 18.2% | 21.2% | 10.9% | 7.4% | 9.8% | 8.2% | 11.3% | 6.4% | 6.6% | 9.4% | 8.4% | 6.9% | 12.6% | 13.3% | 14.8% | 12.4% | 8.1% | 12.7% | 10.3% | 13.6% |
| Supplementary Data | ||||||||||||||||||||||||||||||||
| EPS | 3.79 | 4.49 | 4.71 | 5.49 | 4.62 | 2.20 | 3.00 | 1.89 | 2.86 | 2.69 | 4.41 | 1.97 | 2.27 | 2.56 | 1.32 | 0.57 | 0.85 | 0.64 | 1.01 | 0.30 | 0.25 | 0.51 | -0.07 | -0.11 | 0.72 | 0.78 | 0.93 | 0.82 | 0.43 | 1.21 | 1.00 | 1.01 |
| Diluted EPS | 3.78 | 4.49 | 4.71 | 5.48 | 4.61 | 2.19 | 2.99 | 1.89 | 2.86 | 2.69 | 4.41 | 1.97 | 2.25 | 2.56 | 1.31 | 0.56 | 0.85 | 0.64 | 1.01 | 0.29 | 0.25 | 0.50 | -0.07 | -0.11 | 0.72 | 0.78 | 0.93 | 0.82 | 0.43 | 1.21 | 1.00 | 1.01 |
| Weighted Average OS | 116.98M | 116.78M | 116.52M | 115.34M | 114.72M | 114.19M | 117.94M | 117.78M | 113.41M | 78.50M | 75.18M | 74.98M | 50.68M | 41.04M | 36.99M | 31.86M | 28.34M | 26.94M | 25.30M | 23.47M | 21.41M | 20.32M | 18.37M | 17.56M | 17.43M | 17.54M | 18.71M | 18.73M | 13.72M | 10.97M | 9.80M | 6.93M |
| EBITDA | $1.32B | $1.3B | $1.29B | $1.35B | $1.25B | $945.08M | $1.05B | $896.39M | $991.08M | $679.09M | $769.66M | $572.68M | $306.9M | $252.36M | $205.73M | $191.3M | $192.67M | $189.08M | $180.26M | $194.27M | $175.75M | $156.79M | $236.82M | $284.65M | $282.42M | $225.84M | $402.2M | $123.67M | $234.2M | $37.53M | $157.6M | $83.8M |
| EBITDA Margin | 59.7% | 59.3% | 59.9% | 66.6% | 70.5% | 56.3% | 63.8% | 57.0% | 64.8% | 60.3% | 73.8% | 57.9% | 48.4% | 50.8% | 45.8% | 47.6% | 50.9% | 51.1% | 51.1% | 59.6% | 59.1% | 58.6% | 98.3% | 122.1% | 123.8% | 100.5% | 177.7% | 57.4% | 168.3% | 33.5% | 166.2% | 163.4% |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Assets | ||||||||||||||||||||||||||||||||
| Current Assets | ||||||||||||||||||||||||||||||||
| Cash and Cash Equivalents | $60.26M | $43.02M | $41.31M | $38.66M | $54.3M | $25.2M | $20.48M | $34.26M | $10.75M | $33.54M | $37.56M | $26.65M | $89.33M | $9.07M | $57.32M | $45.94M | $13.82M | $9.43M | $17.19M | $5.54M | $14.06M | $9.13M | $10.15M | $10.59M | $12.19M | $16.09M | $14.09M | $7.24M | $14.8M | $4.05M | $0 | $0 |
| Short-Term Investments | $46.4M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $3.72M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $106.66M | $43.02M | $41.31M | $38.66M | $54.3M | $25.2M | $20.48M | $34.26M | $10.75M | $33.54M | $37.56M | $26.65M | $89.33M | $9.07M | $57.32M | $45.94M | $13.82M | $9.43M | $17.19M | $9.26M | $14.06M | $9.13M | $10.15M | $10.59M | $12.19M | $16.09M | $14.09M | $7.24M | $14.8M | $4.05M | $0 | $0 |
| Accounts Receivable | $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 |
| 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 |
| Other Current Assets | $13.72M | $21.51M | $13.78M | $22.41M | $76.3M | $10.42M | $50.06M | $17.41M | $83.44M | $88.26M | $26.08M | $28.18M | $83.12M | $808K | $1.36M | $1.51M | $561K | $414K | $0 | $0 | $0 | $0 | $1.39B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Current Assets | $120.38M | $64.53M | $55.09M | $61.07M | $130.6M | $35.62M | $70.54M | $51.67M | $94.19M | $121.8M | $63.64M | $90.03M | $172.46M | $9.88M | $58.68M | $47.46M | $14.38M | $9.84M | $17.19M | $9.26M | $14.06M | $9.13M | $10.15M | $10.59M | $12.19M | $16.09M | $14.09M | $7.24M | $14.8M | $4.05M | $0 | $0 |
| Long-Term Assets | ||||||||||||||||||||||||||||||||
| Property, Plant & Equipment Net | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2.41B | $2.07B | $1.93B | $1.84B | $1.72B | $1.67B | $1.51B | $1.46B | $1.35B | $1.19B | $1.22B | $1.24B | $1.25B | $1.32B | $1.13B | $592.34M | $549.3M | $421.1M |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.24M | $1.61M | $2.32M | $4.11M | $4.11M | $4.11M | $4.11M | $4.11M | $4.11M | $4.11M | $5.05M | $5.05M | $5.4M | $5.76M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $1M | $1.6M | $0 | $900K | $1.3M | $2.6M | $3.9M | $11.2M | $42.4M | $6.1M | $8.3M | $50.3M | $1.6M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $114.67M | $41.65M | $41.98M | $42.29M | $42.83M | $43.33M | $43.67M | $44.18M | $44.96M | $44.49M | $1.81M | $1.79M | $5.5M | $4.84M | $17.01M | $17.5M | $8.62M | $6.82M | $168K | $0 | $0 | $0 | $0 | $0 | $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 |
| Other Long-Term Assets | $11.49B | $11.71B | $11.39B | $11.14B | $11.11B | $11.11B | $11.11B | $11.22B | $11.35B | $11.4B | $6.77B | $6.75B | $6.61B | $2.73B | $42.08M | $38.85M | $33.12M | $57.98M | $38.25M | -$1.67B | -$1.52B | -$1.47B | -$1.36B | -$1.19B | -$1.22B | -$1.24B | -$1.25B | -$1.32B | -$1.13B | -$592.34M | -$549.3M | -$421.1M |
| Total Long-Term Assets | $11.61B | $11.75B | $11.43B | $11.18B | $11.15B | $11.16B | $11.16B | $11.27B | $11.4B | $11.48B | $6.78B | $6.77B | $6.67B | $2.74B | $2.47B | $2.13B | $1.97B | $1.91B | $1.76B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Assets | $245.68M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$17.19M | -$9.26M | -$14.06M | -$9.13M | -$10.15M | -$10.59M | -$12.19M | -$16.09M | -$14.09M | -$7.24M | -$14.8M | -$4.05M | $0 | $0 |
| Total Assets | $11.98B | $11.81B | $11.48B | $11.24B | $11.29B | $11.19B | $11.23B | $11.32B | $11.49B | $11.6B | $6.85B | $6.83B | $6.84B | $2.75B | $2.53B | $2.18B | $1.99B | $1.92B | $1.78B | $1.75B | $1.57B | $1.52B | $1.41B | $1.24B | $1.26B | $1.3B | $1.3B | $1.37B | $1.19B | $611.2M | $565.3M | $439.2M |
| Liabilities | ||||||||||||||||||||||||||||||||
| Current Liabilities | ||||||||||||||||||||||||||||||||
| Accounts Payable | $0 | $124.81M | $94.46M | $101.99M | $0 | $0 | $0 | $0 | $0 | $11.97M | $5.92M | $8.39M | $15.07M | $4.59M | $2.09M | $1.81M | $1.7M | $1.23M | $1.1M | $2.77M | $3.28M | $767K | $1.7M | $464K | $1.22M | $1.74M | $2.12M | $10.38M | $10.1M | $744K | $0 | $0 |
| Short-Term Debt | $0 | $250M | $495M | $20M | $0 | $172M | $70M | $540M | $410M | $490M | $75M | $59M | $0 | $23M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Income Tax Payable | $0 | $139.97M | $159.04M | $135.51M | $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 | $64.63M | $65.18M | $65.13M | $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 |
| Other Current Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$501.97M | -$75M | -$59M | $0 | -$23M | $0 | $0 | $0 | $0 | $0 | -$2.77M | -$3.28M | -$767K | -$1.7M | -$464K | -$1.22M | -$1.74M | -$2.12M | -$10.38M | -$10.1M | -$12.93M | $0 | $0 |
| Total Current Liabilities | $730.37M | $856.74M | $1.06B | $558.01M | $584.4M | $700.27M | $542.26M | $953.85M | $815.56M | $452.61M | $232.16M | $227.44M | $221.34M | $99.31M | $93.81M | $75.81M | $71.23M | $68.22M | $62.31M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Liabilities | ||||||||||||||||||||||||||||||||
| Long-Term Debt | $5.41B | $4.73B | $4.05B | $4.39B | $4.52B | $4.39B | $4.38B | $3.99B | $4.09B | $4.5B | $3.43B | $3.51B | $3.47B | $1.67B | $1.65B | $1.5B | $1.4B | $1.32B | $1.26B | $1.2B | $1.14B | $1.08B | $951.94M | $803.7M | $779.66M | $781.09M | $744.2M | $753.43M | $632.2M | $315.24M | $307.9M | $232.8M |
| 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 | $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 |
| Other Long-Term Liabilities | $0 | $50.92M | $51.54M | $49.16M | $0 | $0 | $0 | $0 | $0 | $0 | $21.98M | $23.92M | $29.29M | $28.09M | $39.41M | $59.41M | $62.77M | $88.07M | $27.07M | -$1.2B | -$1.14B | -$1.08B | -$951.94M | -$803.7M | -$779.66M | -$781.09M | -$744.2M | -$753.43M | -$632.2M | -$315.24M | -$307.9M | -$232.8M |
| Total Long-Term Liabilities | $5.41B | $4.81B | $4.12B | $4.47B | $4.52B | $4.39B | $4.38B | $3.99B | $4.09B | $4.5B | $3.45B | $3.54B | $3.5B | $1.7B | $1.69B | $1.56B | $1.46B | $1.41B | $1.29B | $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 | -$1.1M | -$2.77M | -$3.28M | -$767K | -$1.7M | -$464K | -$1.22M | -$1.74M | -$2.12M | -$10.38M | -$10.1M | -$744K | $0 | $0 |
| Total Liabilities | $6.14B | $5.66B | $5.19B | $5.03B | $5.1B | $5.09B | $4.93B | $4.94B | $4.91B | $4.95B | $3.68B | $3.77B | $3.72B | $1.8B | $1.79B | $1.64B | $1.53B | $1.48B | $1.35B | $1.26B | $1.18B | $1.13B | $1.01B | $867.89M | $821.23M | $818.39M | $778.88M | $787.69M | $669.71M | $330.58M | $322M | $243.1M |
| Stockholders' Equity | ||||||||||||||||||||||||||||||||
| Preferred Stock | $9K | $9K | $9K | $9K | $9K | $9K | $9K | $9K | $9K | $9K | $0 | $0 | $0 | $0 | $0 | $0 | $62K | $62K | $62K | $67K | $67K | $71K | $71K | $68K | $69K | $69K | $69K | $69K | $39K | $20K | $0 | $0 |
| Common Stock | $1.17M | $23.4M | $20.34M | $21.82M | $31.34M | $16.54M | $15.27M | $10.55M | $11.54M | $11.21M | $9M | $6.66M | $5.8M | $5.13M | $4.43M | $348K | $290K | $282K | $257K | $251K | $220K | $209K | $200K | $178K | $175K | $175K | $200K | $189K | $185K | $109K | $0 | $0 |
| Retained Earnings | -$1.73B | -$1.47B | -$1.3B | -$1.19B | -$1.26B | -$1.29B | -$1.09B | -$989.26M | -$784.5M | -$707.48M | -$634.14M | -$729.09M | -$653.59M | -$603.32M | -$621.83M | -$575.02M | -$510.99M | -$464.62M | -$414.97M | -$378.09M | -$314.35M | -$269.48M | -$232.22M | -$188.16M | -$145.06M | -$116.89M | -$89.87M | -$63.88M | -$38.37M | -$15.17M | -$6.1M | $2.4M |
| Comprehensive Income & Other | -$5.3M | -$6.94M | -$8.76M | -$10.05M | -$11.13M | -$12.13M | -$13.18M | -$212K | $2.16M | $1.14M | -$1.59M | -$412K | $108K | -$26.05M | -$35.85M | -$48.85M | -$47.44M | -$77.71M | -$16.91M | $10.9M | $7.13M | -$14.74M | -$25.45M | -$28.1M | -$8.76M | -$183.65M | -$146.61M | -$117.77M | -$76.13M | -$260K | $0 | $0 |
| Other Stockholders' Equity | $7.42B | $7.41B | $7.39B | $7.19B | $7.22B | $7.16B | $7.15B | $7.14B | $7.12B | $7.11B | $3.63B | $3.62B | $3.6B | $1.52B | $1.34B | $1.09B | $941.27M | $881.3M | $815.66M | $826.9M | $676.66M | $626.6M | $583.32M | $516.15M | $543.24M | $552.07M | $553.57M | $580.99M | $499.69M | $256.45M | $208.4M | $150M |
| Total Equity | $5.68B | $5.96B | $6.11B | $6.03B | $6B | $5.89B | $6.08B | $6.16B | $6.35B | $6.41B | $3B | $2.9B | $2.95B | $918.76M | $722.37M | $518.5M | $430.57M | $416.97M | $400.96M | $449.07M | $362.53M | $357.32M | $351.29M | $328.17M | $398.36M | $435.36M | $463.9M | $517.3M | $461.5M | $241.38M | $202.3M | $152.4M |
| Minority Interest | $156.39M | $183.3M | $185.88M | $184.66M | $188.73M | $216.78M | $220.89M | $222.35M | $233.98M | $238.28M | $165.73M | $161.29M | $166.73M | $31.06M | $25.13M | $22.13M | $22.66M | $25.65M | $28.87M | $32.6M | $29.8M | $31.38M | $32.02M | $33.41M | $43.9M | $50.02M | $56.1M | $61.44M | $62.9M | $39.24M | $41M | $43.7M |
| Total Liabilities and Equity | $11.82B | $11.63B | $11.3B | $11.06B | $11.1B | $10.98B | $11.01B | $11.1B | $11.26B | $11.37B | $6.68B | $6.67B | $6.68B | $2.72B | $2.51B | $2.15B | $1.96B | $1.9B | $1.75B | $1.71B | $1.54B | $1.49B | $1.36B | $1.2B | $1.22B | $1.25B | $1.24B | $1.3B | $1.13B | $571.96M | $524.3M | $395.5M |
| Supplementary Data | ||||||||||||||||||||||||||||||||
| Total Debt | $5.41B | $5.01B | $4.57B | $4.44B | $4.52B | $4.56B | $4.45B | $4.53B | $4.5B | $4.99B | $3.5B | $3.57B | $3.47B | $1.7B | $1.65B | $1.5B | $1.4B | $1.32B | $1.26B | $1.2B | $1.14B | $1.08B | $951.94M | $803.7M | $779.66M | $781.09M | $744.2M | $753.43M | $632.2M | $315.24M | $307.9M | $232.8M |
| Net Debt | $5.35B | $4.96B | $4.53B | $4.4B | $4.46B | $4.54B | $4.43B | $4.49B | $4.49B | $4.96B | $3.47B | $3.55B | $3.38B | $1.69B | $1.59B | $1.45B | $1.39B | $1.31B | $1.25B | $1.19B | $1.13B | $1.07B | $941.79M | $793.11M | $767.47M | $764.99M | $730.11M | $746.19M | $617.39M | $311.19M | $307.9M | $232.8M |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Operating Activities | ||||||||||||||||||||||||||||||||
| Net Income | $456.57M | $541.58M | $567.83M | $654.78M | $550.7M | $264.01M | $366.62M | $231.02M | $340.54M | $224.4M | $350.75M | $150.88M | $42.44M | $68.19M | $38.43M | $30.88M | $39.22M | $32.07M | $30.78M | $20.95M | $19.86M | $25.2M | $20.21M | $17.48M | $29.73M | $29.99M | $33.6M | $27.75M | $19.8M | $14.26M | $9.8M | $6.5M |
| Depreciation & Amortization | $622.97M | $586.4M | $565.86M | $544M | $534.41M | $511.68M | $497.79M | $491M | $494.54M | $323.28M | $294.9M | $301.74M | $189.67M | $132.19M | $119.33M | $106.69M | $98.39M | $93.18M | $88.71M | $81.42M | $77.06M | $70.41M | $61.08M | $57.98M | $54.4M | $54.6M | $53.3M | $48.37M | $28.7M | $22.24M | $17.3M | $9.2M |
| 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 |
| Stock-Based Compensation | $16.84M | $15.79M | $15.7M | $18.8M | $16.66M | $14.33M | $13.65M | $12.44M | $10.57M | $11.49M | $6.15M | $4.23M | $2.27M | $2.23M | $5.52M | $3.01M | $1.68M | $1.03M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | ||||||||||||||||||||||||||||||||
| Accounts Receivable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2.98M | -$4.94M | -$3.5M | $3.91M | -$4.87M | $894K | $9.29M | -$7.41M | -$7.9M | $5.2M | -$2.6M | -$1.5M | $5.1M | -$1.8M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2.58M | -$4.01M | $5.91M | $3.25M | -$813K | $4.48M | $15.52M | -$4.62M | -$4.03M | $1.96M | $0 | $0 | $0 | $0 |
| Accounts Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$24.23M | -$2.58M | -$3.35M | -$48.67M | $2.5M | $265K | $109K | $473K | $145K | $301K | $2.26M | $10.02M | $158K | $4.69M | $3.47M | $6.13M | $2.67M | $3.8M | -$3.2M | -$4.4M | $2M | $200K | $3M |
| Other Working Capital | $9.25M | $3.79M | $4.86M | -$16.06M | $55.92M | $38.17M | $12.38M | $9.31M | -$49.92M | $44.63M | $22.11M | $844K | $67.22M | $4.13M | $7.01M | -$9.23M | $424K | $10.13M | -$2.58M | $4.01M | -$5.91M | -$3.25M | $813K | -$4.48M | -$15.52M | $4.62M | $3.93M | -$1.63M | -$7.01M | $542K | $5.3M | $1.2M |
| Total Working Capital Change | $9.25M | $3.79M | $4.86M | -$16.06M | $55.92M | $38.17M | $12.38M | $9.31M | -$49.92M | $20.4M | $19.53M | -$2.5M | $18.55M | $6.63M | $7.27M | -$9.12M | $897K | $10.28M | $3.28M | -$2.69M | $6.52M | $4.07M | -$183K | $4.37M | $15.43M | -$4.75M | -$4.2M | $2.32M | -$14.01M | $1.04M | $10.6M | $2.4M |
| Other Non-Cash Items | -$27.45M | -$49.26M | -$17.06M | -$143.04M | -$262.74M | -$4.24M | -$109.03M | -$6.91M | -$137.22M | -$92.39M | -$205.65M | -$70.22M | $5.45M | $1.72M | $1.73M | $2.33M | -$2.97M | $1.37M | -$4.96M | $1.64M | -$3.75M | -$11.44M | -$1.86M | $1.25M | -$8.92M | -$8.68M | -$3.7M | $1.97M | $10.3M | $473K | -$2.7M | $1M |
| Net Cash from Operating | $1.08B | $1.1B | $1.14B | $1.06B | $894.97M | $823.95M | $781.42M | $734.29M | $660.8M | $485M | $463.72M | $385.38M | $258.38M | $210.97M | $172.29M | $133.79M | $140.28M | $139.79M | $118.58M | $101.33M | $99.69M | $88.23M | $79.24M | $81.08M | $90.64M | $71.16M | $75M | $80.41M | $44.8M | $38.02M | $35M | $19.1M |
| Investing Activities | ||||||||||||||||||||||||||||||||
| Capital Expenditures | -$360.24M | -$322.37M | -$341.22M | -$296.18M | -$511.28M | -$225.51M | -$190.2M | -$254.72M | -$343.89M | -$183.98M | -$166.02M | -$90.2M | -$53.44M | -$47.22M | -$375.43M | -$323.02M | -$174.47M | -$216.61M | -$99.92M | -$225.77M | -$132.94M | -$190.72M | -$144.77M | -$66.64M | -$36.11M | -$85.66M | -$34.4M | -$204.03M | -$96.5M | -$87.53M | -$35M | -$217.3M |
| Acquisitions | -$9.85M | -$2.87M | -$16.64M | -$13.85M | -$4.67M | -$5.35M | -$5.39M | -$2.9M | -$1.5M | -$424.16M | -$32K | $0 | $63.19M | -$218K | -$1.51M | -$12.13M | -$2.61M | -$7.57M | $9.61M | $0 | $0 | $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 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $9.97M | $0 | $0 | $307.89M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $26.25M | $36.89M | $0 | $58.43M | $0 | $5.4M | $0 | $17.1M | $0 | $0 |
| Other Investing Activities | -$320.13M | -$510.23M | -$417.4M | -$95.21M | -$45.53M | -$253.88M | -$42.68M | -$108.73M | $51.18M | -$41M | $29.84M | -$113.56M | -$93.53M | -$281.78M | -$65.22M | $80.88M | $23.12M | -$20.73M | -$18.48M | -$14.58M | $24.59M | $22.34M | -$21.41M | -$4.43M | $12.87M | $267K | $73.5M | $24K | -$41.8M | -$4K | -$4.8M | -$10.4M |
| Net Cash from Investing | -$690.22M | -$825.5M | -$775.26M | -$405.24M | -$253.59M | -$484.73M | -$238.27M | -$366.35M | -$294.21M | -$649.13M | -$136.22M | -$203.76M | -$83.79M | -$329.22M | -$442.16M | -$254.27M | -$153.96M | -$244.91M | -$108.79M | -$240.35M | -$108.35M | -$168.38M | -$139.93M | -$34.18M | -$23.24M | -$26.96M | $39.1M | -$198.61M | -$138.3M | -$70.44M | -$39.8M | -$227.7M |
| Financing Activities | ||||||||||||||||||||||||||||||||
| Debt Repaid | $2.58M | -$691.65M | $353.86M | $126.4M | -$127.27M | -$6.49M | -$401.67M | $8.98M | -$183.92M | -$153.84M | $64.02M | $20.68M | -$28.66M | $8.01M | -$149.92M | -$100.96M | $44.76M | $46.21M | -$70.31M | $5.07M | -$15.69M | $65.66M | $154.87M | $40.62M | -$6.75M | -$57.26M | $64.2M | -$15.13M | $79.5M | -$2.62M | -$26.4M | -$63M |
| Common Stock Issuance | $1.45M | $1.23M | $205.07M | $1.08M | $645K | $0 | $0 | $585K | $1.56M | $291K | $622K | $1.04M | $25.68M | $196.32M | $235.74M | $305.53M | $33.75M | $126M | $26.33M | $152.29M | $39.46M | $25.41M | $60.08M | $875K | $1.47M | $2.73M | $3.5M | $9.59M | $165.9M | $271K | $300K | $167.5M |
| Common Stock Repurchases | -$27.23M | $0 | $0 | $0 | $0 | $0 | $0 | -$2.92M | -$4.78M | -$2.02M | -$958K | -$465K | -$702K | -$1.99M | -$2.55M | -$156.2M | -$964K | -$679K | $0 | $0 | $0 | -$54K | -$47K | $0 | -$3.28M | -$6.09M | -$33.1M | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | -$709.02M | -$686.9M | -$651.72M | -$539.61M | -$470.4M | -$457.36M | -$437.74M | -$419.85M | -$395.29M | -$247.65M | -$232.08M | -$219.16M | -$140.7M | -$107.75M | -$92.03M | -$77.14M | -$69.5M | -$65.81M | -$67.48M | $8.06M | $8.16M | -$53.88M | $9.04M | -$47.88M | -$47.69M | -$47.59M | -$50.31M | -$47.12M | -$34.52M | -$27.31M | -$18.3M | -$8M |
| Other Financing Activities | -$55.66M | -$28.41M | -$38.71M | -$74.16M | -$28.22M | -$21.59M | -$14.52M | -$20.28M | -$21.24M | -$16.25M | -$20.17M | -$5.04M | -$7.27M | -$8.56M | -$9.84M | -$12.93M | $112.41M | $96.91M | -$1.65M | -$69.5M | -$64.61M | $0 | -$58.34M | $21.29M | $0 | $0 | -$10.2M | -$150K | -$9.2M | -$2.36M | -$5.5M | -$11.9M |
| Net Cash from Financing | -$370.74M | -$271.12M | -$367.9M | -$722.77M | -$546.4M | -$374.14M | -$524.28M | -$405.14M | -$399.52M | $222.29M | -$316.6M | -$244.29M | -$94.33M | $70.01M | $281.25M | $152.6M | $18.07M | $97.35M | $1.86M | $130.5M | $13.6M | $80.49M | $60.25M | -$48.49M | -$71.3M | -$42.2M | -$107.2M | $110.63M | $104.2M | $33.42M | $2.9M | $210.6M |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $17.21M | $1.67M | -$5.98M | -$69.53M | $94.98M | -$34.93M | $18.87M | -$37.19M | -$32.93M | $58.16M | $10.91M | -$62.68M | $80.26M | -$48.24M | $11.38M | $32.12M | $4.39M | -$7.77M | $11.65M | -$8.52M | $4.93M | $338K | -$442K | -$1.6M | -$3.9M | $2M | $6.9M | -$7.57M | $10.7M | $1.01M | -$5M | -$3M |
| Supplementary Data | ||||||||||||||||||||||||||||||||
| Operating Cash Flow | $1.08B | $1.1B | $1.14B | $1.06B | $894.97M | $823.95M | $781.42M | $734.29M | $660.8M | $485M | $463.72M | $385.38M | $258.38M | $210.97M | $172.29M | $133.79M | $140.28M | $139.79M | $118.58M | $101.33M | $99.69M | $88.23M | $79.24M | $81.08M | $90.64M | $71.16M | $75M | $80.41M | $44.8M | $38.02M | $35M | $19.1M |
| Capital Expenditure | -$360.24M | -$322.37M | -$341.22M | -$296.18M | -$511.28M | -$225.51M | -$190.2M | -$254.72M | -$343.89M | -$183.98M | -$166.02M | -$90.2M | -$53.44M | -$47.22M | -$46.95M | -$26.5M | -$174.47M | -$216.61M | -$133.19M | -$225.77M | -$132.94M | -$190.72M | -$144.77M | -$66.64M | -$36.11M | -$85.66M | -$34.4M | -$204.03M | -$96.5M | -$87.53M | -$35M | -$217.3M |
| Free Cash Flow | $717.94M | $775.92M | $795.96M | $762.3M | $383.69M | $598.44M | $591.22M | $479.58M | $316.91M | $301.03M | $297.7M | $295.18M | $204.94M | $163.75M | $125.34M | $107.29M | -$34.18M | -$76.82M | -$14.61M | -$124.44M | -$33.26M | -$102.49M | -$65.53M | $14.44M | $54.53M | -$14.49M | $40.6M | -$123.63M | -$51.7M | -$49.51M | $0 | -$198.2M |
| Cash at Beginning | $56.76M | $55.09M | $61.07M | $130.6M | $35.62M | $70.54M | $51.67M | $88.87M | $121.8M | $63.64M | $26.65M | $89.33M | $9.07M | $57.32M | $45.94M | $13.82M | $9.43M | $17.19M | $5.54M | $14.06M | $9.13M | $8.79M | $10.59M | $12.19M | $16.09M | $14.09M | $7.2M | $14.8M | $4.1M | $3.05M | $5M | $3M |
| Cash at End | $73.97M | $56.76M | $55.09M | $61.07M | $130.6M | $35.62M | $70.54M | $51.67M | $88.87M | $121.8M | $37.56M | $26.65M | $89.33M | $9.07M | $57.32M | $45.94M | $13.82M | $9.43M | $17.19M | $5.54M | $14.06M | $9.13M | $10.15M | $10.59M | $12.19M | $16.09M | $14.1M | $7.24M | $14.8M | $4.05M | $0 | $0 |