MDU RESOURCES GROUP INC (MDU)
MDU Resources Group, Inc. operates across two primary sectors within the United States: regulated energy provision and a diverse range of construction materials and services. Its Electric division is responsible for producing, moving, and supplying electricity to homes, businesses, industrial facilities, and municipalities across Montana, North Dakota, South Dakota, and Wyoming. This segment manages an extensive network comprising 3,500 miles of high-voltage transmission lines and 4,800 miles of local distribution lines. The Natural Gas Distribution segment delivers natural gas to residential, commercial, and industrial clients in Idaho, Minnesota, Montana, North Dakota, Oregon, South Dakota, Washington, and Wyoming, also providing supplemental supply management services. Through its Pipeline operations, the company offers natural gas conveyance and subsurface storage solutions via a regulated pipeline network, predominantly serving the Rocky Mountain and northern Great Plains areas. Additionally, this segment delivers cathodic protection and other associated energy services. The Construction Materials and Contracting division extracts, refines, and markets construction aggregates; manufactures and sells asphalt mixtures; and furnishes ready-mix concrete. This arm of the business also trades cement, pre-finished concrete goods, and various other building supplies, alongside offering related contracting expertise. Furthermore, the Construction Services segment specializes in the design, installation, and upkeep of electrical and communication cabling and infrastructure, fire suppression systems, and mechanical piping. Its activities encompass both overhead and subterranean electrical, gas, and communication networks, as well as the fabrication and supply of equipment for transmission line construction. This segment caters to a diverse clientele including manufacturing firms, commercial enterprises, industrial facilities, transportation entities, institutional bodies, renewable energy developers, governmental agencies, and utility providers. Established in 1924, MDU Resources Group, Inc. maintains its corporate headquarters in Bismarck, North Dakota.
Sector: Natural Gas Distribution
Industry: Regulated Gas
MDU Resources Group, Inc.
NYSE:MDUUtilities · Regulated Gas
-0.77%$19.22
AH Close$19.22+0.00%vs close
AH Close$19.22+0.00%vs close
Mkt Cap$4.04B
Float203.68M
O/S210.35M
Inst Own92.1%
SI9.2%
Div Yield2.94%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$1.88B
Net Income$190.4M
Total Assets$7.76B
Free Cash Flow-$318.6M
Debt & Equity
Debt 50%
Equity 50%
Total Debt$2.74B
Total Equity$2.77B
Shares Outstanding
Short Interest
Split History2 splits
- 1.8:1Forward splitNov 1, 20241 share → 1.8
- 1.5:1Forward splitJun 1, 20231 share → 1.5
Balance Sheet Details
Assets$7.76B
Liabilities$4.98B
Accounts Receivable$258.63M
Accounts Payable$148.97M
Inventory$39.05M
PP&E (Net)$5.96B
Goodwill$345.74M
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 | FY 1993 | FY 1992 | FY 1991 | FY 1990 | FY 1989 | FY 1988 | FY 1987 | FY 1986 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 | 2005-12-31 | 2004-12-31 | 2003-12-31 | 2002-12-31 | 2001-12-31 | 2000-12-31 | 1999-12-31 | 1998-12-31 | 1997-12-31 | 1996-12-31 | 1995-12-31 | 1994-12-31 | 1993-12-31 | 1992-12-31 | 1991-12-31 | 1990-12-31 | 1989-12-31 | 1988-12-31 | 1987-12-31 | 1986-12-31 |
| Revenue | $1.88B | $1.76B | $1.8B | $1.75B | $3.45B | $5.53B | $5.34B | $4.53B | $4.44B | $4.13B | $4.19B | $4.67B | $4.46B | $4.08B | $4.05B | $3.91B | $4.18B | $5B | $4.25B | $4.07B | $3.46B | $2.72B | $2.35B | $2.03B | $2.22B | $1.87B | $1.28B | $896.7M | $607.7M | $514.7M | $464.3M | $449.6M | $439.6M | $352.5M | $367.3M | $329.2M | $338.3M | $343.8M | $325.5M | $363.5M |
| YoY Growth | 6.7% | -2.5% | 3.2% | -49.4% | -37.6% | 3.7% | 17.8% | 2.0% | 7.6% | -1.5% | -10.3% | 4.7% | 9.5% | 0.6% | 3.6% | -6.4% | -16.5% | 17.8% | 4.4% | 17.8% | 27.1% | 15.6% | 15.8% | -8.6% | 18.7% | 46.4% | 42.7% | 47.6% | 18.1% | 10.9% | 3.3% | 2.3% | 24.7% | -4.0% | 11.6% | -2.7% | -1.6% | 5.6% | -10.5% | - |
| Cost of Revenue | $1.47B | $1.19B | $1.28B | $1.26B | $2.77B | $4.49B | $4.4B | $3.74B | $3.64B | $3.35B | $3.57B | $3.59B | $3.39B | $3.13B | $636.7M | $3.01B | $805.4M | $1.1B | $662.61M | $340.76M | $392.78M | $314.54M | $246.21M | $148.54M | $586.75M | $688.39M | $401M | $208.7M | $122.7M | $92.9M | $95.3M | $96.1M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Gross Profit | $404.9M | $571.94M | $518.53M | $490.06M | $687.28M | $1.05B | $933.38M | $790.6M | $802.9M | $777.2M | $624.5M | $1.08B | $1.07B | $946.3M | $3.41B | $902.92M | $3.37B | $3.9B | $3.59B | $3.73B | $3.06B | $2.4B | $2.11B | $1.88B | $1.64B | $1.19B | $878.8M | $688M | $485M | $421.8M | $369M | $353.5M | $439.6M | $352.5M | $367.3M | $329.2M | $338.3M | $343.8M | $325.5M | $363.5M |
| Gross Margin | 21.6% | 32.5% | 28.8% | 28.0% | 19.9% | 18.9% | 17.5% | 17.4% | 18.1% | 18.8% | 14.9% | 23.2% | 23.9% | 23.2% | 84.3% | 23.1% | 80.7% | 77.9% | 84.4% | 91.6% | 88.6% | 88.4% | 89.5% | 92.7% | 73.6% | 63.3% | 68.7% | 76.7% | 79.8% | 82.0% | 79.5% | 78.6% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.73M | $0 | $1.78M | $0 | $0 | $0 | $0 | $0 | $0 | $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 | $114.5M | $306.29M | $293.58M | $289.19M | $356.23M | $502.35M | $452.16M | -$200K | $4.1M | $5M | $19.3M | $10M | $6.8M | $6.6M | $516.32M | $492.2M | $2.9B | $3.39B | $3.03B | $3.2B | $2.61B | $2.08B | $1.79B | $1.62B | $1.36B | $968.29M | $719M | $617M | $373.5M | $310.4M | $278.5M | $275.3M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Operating Expenses | $114.5M | $306.29M | $293.58M | $289.19M | $356.23M | $502.35M | $452.16M | $388.9M | $374.2M | $368.1M | $370.4M | $594M | $575.2M | $535.3M | $3.01B | $492.2M | $2.9B | $3.39B | $3.03B | $3.2B | $2.61B | $2.08B | $1.79B | $1.62B | $1.36B | $968.29M | $719M | $617M | $373.5M | $310.4M | $278.5M | $275.3M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Operating Income (EBIT) | $290.4M | $265.64M | $224.94M | $200.87M | $331.05M | $544.92M | $481.22M | $401.7M | $428.7M | $409.1M | $254.1M | $488.2M | $492.9M | $19.2M | $406.4M | $410.73M | -$153.1M | $512.04M | $557.12M | $532.24M | $448.03M | $320.72M | $312.07M | $266.12M | $273.27M | $216.99M | $159.8M | $71M | $111.5M | $111.4M | $90.5M | $78.2M | $439.6M | $352.5M | $367.3M | $329.2M | $338.3M | $343.8M | $325.5M | $363.5M |
| Operating Margin | 15.5% | 15.1% | 12.5% | 11.5% | 9.6% | 9.8% | 9.0% | 8.9% | 9.6% | 9.9% | 6.1% | 10.5% | 11.0% | 0.5% | 10.0% | 10.5% | -3.7% | 10.2% | 13.1% | 13.1% | 13.0% | 11.8% | 13.3% | 13.1% | 12.3% | 11.6% | 12.5% | 7.9% | 18.3% | 21.6% | 19.5% | 17.4% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| Interest Expense | $107.7M | $108.35M | $114.31M | $80.68M | $70.71M | $96.52M | $98.59M | $84.6M | $82.8M | $87.9M | $93.1M | $87M | $84M | $76.7M | $81.4M | $83.01M | $84.1M | $81.53M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Interest Income | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $12K | $52K | $1.92M | $129K | $197K | $1K | $0 | $0 | $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 Income (Expense) | -$79.4M | -$66.98M | $115.39M | -$77.42M | -$44.98M | -$69.81M | -$82.78M | -$84.85M | -$74.02M | -$82.68M | -$72.72M | $83.95M | $94.9M | -$459.17M | -$70.14M | -$44.18M | -$694.87M | -$70.89M | -$44.31M | -$49.07M | -$26.79M | -$14.49M | -$30.59M | -$31.44M | -$19.08M | -$36.31M | -$26.4M | -$19.3M | -$26.2M | -$49.8M | -$25.8M | -$19.6M | -$439.6M | -$352.5M | -$367.3M | -$329.2M | -$338.3M | -$343.8M | -$325.5M | -$363.5M |
| Income Before Tax (EBT) | $211M | $198.66M | $340.33M | $123.45M | $286.07M | $475.12M | $398.44M | $316.9M | $350M | $326.2M | $180.3M | $411.2M | $415.6M | -$45.5M | $336.2M | $366.55M | -$219.4M | $441.15M | $512.81M | $483.17M | $420.86M | $301.04M | $281.49M | $234.67M | $254.19M | $180.68M | $133.4M | $51.6M | $85.3M | $61.6M | $64.7M | $58.6M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Income Tax Expense | $19.6M | $17.59M | $10.21M | $6.2M | $43.54M | $84.59M | $63.28M | $47.5M | $65.1M | $93.1M | $65.6M | $120M | $136.7M | -$31.2M | $110.3M | $122.53M | -$96.1M | $147.48M | $190.02M | $165.25M | $145.78M | $93.97M | $98.57M | $86.23M | $98.34M | $69.65M | $49.3M | $17.5M | $30.7M | $16.1M | $23.1M | $18.8M | -$44.3M | -$35.4M | -$38M | -$27.9M | -$36.7M | -$34.9M | -$27.9M | -$37.9M |
| Net Income | $190.4M | $281.11M | $414.71M | $367.49M | $378.13M | $390.2M | $335.45M | $272.3M | $281.1M | $64.4M | -$622.4M | $298.2M | $278.9M | -$700K | $213M | $240.66M | -$123.3M | $293.67M | $432.12M | $315.76M | $275.08M | $207.07M | $175.32M | $148.44M | $155.85M | $111.03M | $84.1M | $34.1M | $54.6M | $45.5M | $41.6M | $39.8M | $44.3M | $35.4M | $38M | $27.9M | $36.7M | $34.9M | $27.9M | $37.9M |
| Net Income Margin | 10.2% | 16.0% | 23.0% | 21.0% | 10.9% | 7.1% | 6.3% | 6.0% | 6.3% | 1.6% | -14.8% | 6.4% | 6.3% | -0.0% | 5.3% | 6.2% | -3.0% | 5.9% | 10.2% | 7.8% | 8.0% | 7.6% | 7.5% | 7.3% | 7.0% | 5.9% | 6.6% | 3.8% | 9.0% | 8.8% | 9.0% | 8.9% | 10.1% | 10.0% | 10.3% | 8.5% | 10.8% | 10.2% | 8.6% | 10.4% |
| Supplementary Data | ||||||||||||||||||||||||||||||||||||||||
| EPS | 0.93 | 1.38 | 2.04 | 1.81 | 1.87 | 1.95 | 1.69 | 1.39 | 1.44 | 0.33 | -3.19 | 1.55 | 1.47 | -0.00 | 1.12 | 1.28 | -0.67 | 1.60 | 2.37 | 1.75 | 1.54 | 1.18 | 1.05 | 0.93 | 0.99 | 0.80 | 0.68 | 0.29 | 0.55 | 0.47 | 0.42 | 0.41 | 0.45 | 0.36 | 0.39 | 0.28 | 0.37 | 0.36 | 0.29 | 0.38 |
| Diluted EPS | 0.93 | 1.37 | 2.03 | 1.81 | 1.87 | 1.95 | 1.69 | 1.39 | 1.43 | 0.33 | -3.19 | 1.55 | 1.47 | -0.00 | 1.12 | 1.27 | -0.67 | 1.59 | 2.36 | 1.74 | 1.53 | 1.17 | 1.03 | 0.92 | 0.99 | 0.80 | 0.68 | 0.29 | 0.55 | 0.47 | 0.42 | 0.41 | 0.45 | 0.36 | 0.39 | 0.28 | 0.37 | 0.36 | 0.29 | 0.38 |
| Weighted Average OS | 204.30M | 203.87M | 203.64M | 203.36M | 202.08M | 200.50M | 198.61M | 195.70M | 195.30M | 195.30M | 194.90M | 192.50M | 188.90M | 187.57M | 188.80M | 188.14M | 185.20M | 183.10M | 181.95M | 180.23M | 178.37M | 174.90M | 166.74M | 159.17M | 150.26M | 137.45M | 122.88M | 113.71M | 97.46M | 96.11M | 96.11M | 96.11M | 96.00M | 96.16M | 96.26M | 96.83M | 95.94M | 93.94M | 91.43M | 88.72M |
| EBITDA | $525.41M | $507.09M | $635.4M | $392.69M | $555.01M | $856.74M | $753.05M | $621.1M | $639.71M | $629.8M | $549.98M | $899.27M | $885.33M | $390.44M | $760.98M | $778.4M | $195.28M | $888.7M | $859.05M | $794.66M | $677.54M | $534.37M | $500.41M | $424.08M | $413.19M | $327.88M | $241.6M | $137.9M | $173.3M | $195.2M | $146.5M | $120.4M | $439.6M | $352.5M | $367.3M | $329.2M | $338.3M | $343.8M | $325.5M | $363.5M |
| EBITDA Margin | 28.0% | 28.8% | 35.2% | 22.5% | 16.1% | 15.5% | 14.1% | 13.7% | 14.4% | 15.3% | 13.1% | 19.3% | 19.8% | 9.6% | 18.8% | 19.9% | 4.7% | 17.8% | 20.2% | 19.5% | 19.6% | 19.7% | 21.3% | 20.9% | 18.6% | 17.5% | 18.9% | 15.4% | 28.5% | 37.9% | 31.6% | 26.8% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
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 | $28.21M | $50.2M | $48.88M | $34.83M | $54.16M | $59.55M | $66.46M | $53.95M | $34.6M | $46.11M | $84.59M | $81.86M | $45.23M | $49.04M | $162.77M | $222.07M | $175.11M | $51.71M | $105.82M | $74.92M | $107.44M | $99.38M | $86.34M | $67.56M | $41.81M | $36.51M | $77.5M | $39.2M | $28.2M | $47.8M | $33.4M | $37.2M |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2.83M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $28.21M | $50.2M | $48.88M | $34.83M | $54.16M | $59.55M | $66.46M | $53.95M | $34.6M | $46.11M | $84.59M | $81.86M | $45.23M | $49.04M | $162.77M | $222.07M | $177.95M | $51.71M | $105.82M | $74.92M | $107.44M | $99.38M | $86.34M | $67.56M | $41.81M | $36.51M | $77.5M | $39.2M | $28.2M | $47.8M | $33.4M | $37.2M |
| Accounts Receivable | $258.63M | $274.3M | $942.78M | $1.06B | $946.74M | $873.99M | $836.61M | $722.95M | $727.03M | $630.24M | $582.48M | $599.19M | $713.07M | $678.12M | $646.25M | $583.74M | $531.98M | $758.81M | $719.38M | $624.68M | $601.75M | $440.9M | $357.68M | $325.39M | $285.08M | $342.35M | $169.6M | $124.1M | $80.6M | $73.2M | $62M | $55.4M |
| Inventory | $39.05M | $44.94M | $87.39M | $64.25M | $335.61M | $291.17M | $278.41M | $287.31M | $226.58M | $238.27M | $253.73M | $300.81M | $282.39M | $317.42M | $274.2M | $252.9M | $249.8M | $261.52M | $229.25M | $204.44M | $172.2M | $143.88M | $114.05M | $93.12M | $95.34M | $64.02M | $64.6M | $44.9M | $41.3M | $27.4M | $23.9M | $27.1M |
| Other Current Assets | $246.54M | $296.81M | $256.57M | $775.36M | $118.69M | $68.53M | $63.61M | $430K | $479K | $14.39M | $54.85M | $163.19M | $26.5M | $41.15M | $68.09M | $48.01M | $35.91M | $119.61M | $68.32M | $89.69M | $52.8M | $12.12M | $55.47M | $51.47M | $59.26M | $37.4M | $40M | $32.4M | $29.8M | $43.3M | $42.9M | $39M |
| Total Current Assets | $572.44M | $666.26M | $1.36B | $2.01B | $1.55B | $1.34B | $1.3B | $1.18B | $1.07B | $977.48M | $1.02B | $1.19B | $1.12B | $1.13B | $1.19B | $1.17B | $1.06B | $1.27B | $1.21B | $993.74M | $933.2M | $728.18M | $613.54M | $537.55M | $481.49M | $480.29M | $351.7M | $240.6M | $179.9M | $191.7M | $162.2M | $158.7M |
| Long-Term Assets | ||||||||||||||||||||||||||||||||
| Property, Plant & Equipment Net | $5.96B | $5.34B | $5.2B | $4.85B | $5.88B | $5.29B | $5.03B | $4.58B | $4.08B | $3.93B | $4.31B | $5.53B | $4.93B | $4.5B | $4.29B | $4.12B | $3.89B | $4.3B | $3.66B | $2.99B | $3.05B | $2.57B | $2.22B | $1.92B | $1.81B | $1.6B | $1.25B | $1.08B | $839.5M | $752.6M | $716.3M | $692.3M |
| Goodwill | $345.74M | $345.74M | $488.96M | $488.96M | $765.39M | $714.96M | $681.36M | $664.92M | $631.79M | $631.79M | $635.2M | $635.2M | $636.04M | $636.04M | $634.93M | $634.63M | $629.46M | $0 | $425.7M | $228.33M | $230.87M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $2M | $4.1M | $22.58M | $25.5M | $15.25M | $10.81M | $3.84M | $5.92M | $7.34M | $9.84M | $13.1M | $17.13M | $20.84M | $25.27M | $28.98M | $758.81M | $27.79M | $23.49M | $19.06M | $440.9M | $357.68M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $121.18M | $115.46M | $124.23M | $128.83M | $175.48M | $165.02M | $148.66M | $138.62M | $137.61M | $125.87M | $119.7M | $117.92M | $112.94M | $103.24M | $109.42M | $103.66M | $145.42M | $0 | -$7.05M | -$5.97M | -$9.06M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $133.57M | $0 | $0 | $0 | $0 | $0 | $0 | $430.08M | $347.27M | $668.23M | $32.85M | $23.81M | $25.05M | $22.85M | $40.41M | $32.89M | $28.14M | $0 | $7.05M | $5.97M | $9.06M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $622.67M | $567.07M | $658.96M | $2.18B | $515.53M | $523.49M | $507.63M | -$19.14M | $64.97M | -$56.14M | $500.37M | $301.47M | $226.14M | $276.31M | $270.87M | $224.75M | $203.18M | $370.51M | $265.06M | $664.56M | $190.55M | $210.63M | $151.88M | $474.81M | $332.26M | $231.66M | $166.4M | $127.5M | $94.5M | $144.9M | $178M | $153.7M |
| Total Long-Term Assets | $7.18B | $6.37B | $6.47B | $7.65B | $7.36B | $6.72B | $6.39B | $5.8B | $5.26B | $5.31B | $5.61B | $6.62B | $5.94B | $5.55B | $5.36B | $5.14B | $4.93B | $5.32B | $4.38B | $3.91B | $3.49B | $3.01B | $2.77B | $2.4B | $2.14B | $1.83B | $1.41B | $1.21B | $934M | $897.5M | $894.3M | $846M |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$110K | $334K | -$467K | $124.44M | $115.77M | $32.41M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $7.76B | $7.04B | $7.83B | $9.66B | $8.91B | $8.05B | $7.68B | $6.99B | $6.33B | $6.28B | $6.75B | $7.93B | $7.09B | $6.68B | $6.56B | $6.3B | $5.99B | $6.59B | $5.59B | $4.9B | $4.42B | $3.73B | $3.38B | $2.94B | $2.62B | $2.31B | $1.77B | $1.45B | $1.11B | $1.09B | $1.06B | $1B |
| Liabilities | ||||||||||||||||||||||||||||||||
| Current Liabilities | ||||||||||||||||||||||||||||||||
| Accounts Payable | $148.97M | $150.07M | $247.61M | $525.56M | $478.93M | $426.26M | $403.39M | $358.5M | $312.33M | $279.96M | $286.06M | $279.12M | $404.96M | $304.64M | $226.33M | $205.16M | $281.91M | $432.36M | $369.24M | $289.84M | $259.06M | $184.99M | $150.32M | $132.12M | $110.65M | $171.93M | $81.3M | $60M | $31.6M | $31.6M | $22.3M | $20.2M |
| Short-Term Debt | $148.8M | $161.7M | $179.2M | $86.32M | $148.05M | $51.55M | $16.54M | $251.85M | $148.5M | $43.6M | $238.54M | $269.45M | $23.78M | $162.31M | $139.27M | $92.8M | $22.93M | $183.77M | $163.38M | $84.03M | $101.76M | $72.05M | $27.65M | $42.18M | $11.19M | $27.7M | $19.1M | $18.3M | $11.2M | $15.8M | $17.7M | $21.2M |
| Current Income Tax Payable | $0 | $43.37M | $58.11M | $62.31M | $80.37M | $88.84M | $48.97M | $41.93M | $42.54M | $48.16M | $45.77M | $45.63M | $74.17M | $46.48M | $70.18M | $56.19M | $55.54M | $0 | $60.41M | $54.29M | $50.53M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $371.69M | $340.04M | $336.18M | $300.28M | $0 | $348.68M | $0 | $149.77M | $127.08M | $325.44M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $91.1M | $106.3M | $0 | $122.4M | $0 |
| Other Current Liabilities | $279.48M | $172.43M | $456.95M | $582.83M | $98.21M | $122.08M | $142.2M | $264.75M | $236.58M | $232.07M | $330.59M | $208.17M | $212.33M | $288.07M | $383.38M | $343.04M | $308.69M | $267.06M | $224.4M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $100K | -$8.7M | $0 | -$8.1M | $0 |
| Total Current Liabilities | $685.22M | $678.6M | $1.08B | $1.48B | $1.09B | $963.52M | $866.43M | $986.05M | $812.86M | $669.66M | $947.64M | $968.69M | $784.9M | $850.12M | $898.75M | $768.08M | $667.18M | $967.48M | $849.89M | $653.96M | $628.93M | $449.09M | $314.06M | $299.64M | $245.33M | $284.47M | $187.3M | $169.5M | $149M | $165.1M | $162.3M | $146.5M |
| Long-Term Liabilities | ||||||||||||||||||||||||||||||||
| Long-Term Debt | $2.56B | $2.13B | $2.24B | $2.32B | $2.59B | $2.21B | $2.23B | $1.86B | $1.57B | $1.75B | $1.56B | $1.83B | $1.84B | $1.61B | $1.29B | $1.43B | $1.49B | $1.57B | $1.15B | $1.17B | $1.1B | $873.44M | $939.45M | $819.56M | $783.71M | $728.17M | $563.5M | $413.3M | $298.6M | $280.7M | $237.4M | $217.7M |
| Long-Term Unearned Revenue | $0 | $0 | $291K | $0 | $0 | $0 | $0 | $0 | $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 | $570.86M | $441.32M | $458.55M | $455.5M | $591.96M | $516.1M | $506.58M | $430.08M | $347.27M | $668.23M | $720.32M | $952.41M | $859.31M | $755.1M | $769.17M | $672.27M | $590.97M | $727.86M | $668.02M | $546.6M | $526.18M | $494.59M | $444.78M | $374.1M | $342.41M | $281M | $213.8M | $173.1M | $119.7M | $116.2M | $118.5M | $124.7M |
| Other Long-Term Liabilities | $1.14B | $1.1B | $1.1B | $1.77B | $1.16B | $1.2B | $1.15B | $1.15B | $1.18B | $883.78M | $1.54B | $1.77B | $718.94M | $818.16M | $827.23M | $736.45M | $674.48M | -$2.3B | -$1.81B | -$1.72B | -$1.63B | -$1.37B | -$1.38B | -$1.19B | -$1.13B | -$1.01B | -$777.3M | -$586.4M | -$418.3M | -$396.9M | -$355.9M | -$342.4M |
| Total Long-Term Liabilities | $4.3B | $3.67B | $3.85B | $4.59B | $4.44B | $4.01B | $3.97B | $3.44B | $3.09B | $3.3B | $3.16B | $3.59B | $3.42B | $3.18B | $2.88B | $2.84B | $2.75B | $2.3B | $2.21B | $2.08B | $1.9B | $1.6B | $1.62B | $1.34B | $1.25B | $1.13B | $893M | $715.8M | $561.9M | $556.6M | $540M | $425.6M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$335K | $377K | -$223K | -$60K | -$194K | -$430K | $0 | $0 | $0 | $0 | $562.8M | $27K | -$1K | $12K | $15K | -$5K | -$41K | -$27K | $26K | $0 | $100K | $0 | $0 | $0 | $88.4M |
| Total Liabilities | $4.98B | $4.35B | $4.93B | $6.07B | $5.53B | $4.97B | $4.84B | $4.42B | $3.91B | $3.97B | $4.11B | $4.56B | $4.21B | $4.03B | $3.78B | $3.61B | $3.42B | $3.83B | $3.06B | $2.74B | $2.53B | $2.05B | $1.93B | $1.64B | $1.5B | $1.42B | $1.08B | $885.4M | $710.9M | $721.7M | $702.3M | $660.5M |
| Stockholders' Equity | ||||||||||||||||||||||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $567K | $291K | $15M | $15M | $15M | $15M | $15M | $15M | $15M | $15M | $15M | $15M | $15M | $15M | $15M | $15M | $16.2M | $16.3M | $16.4M | $16.5M | $16.6M | $16.7M | $16.8M | $16.9M | $17M |
| Common Stock | $204.38M | $203.94M | $203.69M | $204.16M | $203.89M | $201.06M | $200.92M | $196.56M | $195.84M | $195.84M | $195.81M | $194.75M | $189.87M | $189.37M | $189.33M | $188.9M | $188.39M | $184.21M | $182.95M | $181.56M | $120.26M | $118.59M | $113.72M | $74.28M | $70.02M | $65.27M | $57.3M | $177.4M | $97M | $94.8M | $94.8M | $63.2M |
| Retained Earnings | $1.11B | $1.03B | $1.25B | $1.95B | $1.76B | $1.56B | $1.34B | $1.16B | $1.04B | $912.28M | $996.36M | $1.76B | $1.6B | $1.46B | $1.59B | $1.5B | $1.38B | $1.62B | $1.43B | $1.1B | $884.79M | $699.1M | $575.29M | $474.8M | $394.64M | $300.65M | $243.6M | $205.6M | $212.7M | $191.5M | $178.2M | $168.1M |
| Comprehensive Income & Other | -$16.71M | -$16.8M | -$18.38M | -$30.58M | -$41M | -$48.08M | -$42.1M | -$38.34M | -$37.33M | -$35.73M | -$37.15M | -$42.1M | -$38.2M | -$48.72M | -$47M | -$31.26M | -$20.83M | $10.37M | -$9.39M | -$6.48M | -$33.82M | -$11.49M | -$7.53M | -$9.8M | $2.22M | -$895.11M | -$794.1M | -$726.1M | -$670.8M | -$617.7M | -$570.9M | -$541.8M |
| Other Stockholders' Equity | $1.46B | $1.46B | $1.45B | $1.43B | $1.42B | $1.32B | $1.31B | $1.21B | $1.19B | $1.21B | $1.33B | $1.29B | $1.06B | $1B | $1B | $1.01B | $1.01B | $960.04M | $914.79M | $879.14M | $886.56M | $863.33M | $761.63M | $750.87M | $661.41M | $531.54M | $385.1M | $184.4M | $93.3M | $81.2M | $81.2M | $112.9M |
| Total Equity | $2.77B | $2.69B | $2.91B | $3.59B | $3.38B | $3.08B | $2.85B | $2.57B | $2.43B | $2.32B | $2.52B | $3.25B | $2.86B | $2.65B | $2.78B | $2.69B | $2.57B | $2.76B | $2.53B | $2.16B | $1.89B | $1.68B | $1.45B | $1.3B | $1.13B | $897.46M | $686M | $567.4M | $403M | $367.5M | $354.2M | $344.2M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $124.04M | $115.74M | $32.74M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $7.76B | $7.04B | $7.83B | $9.66B | $8.91B | $8.05B | $7.68B | $6.99B | $6.33B | $6.28B | $6.63B | $7.81B | $7.06B | $6.68B | $6.56B | $6.3B | $5.99B | $6.59B | $5.59B | $4.9B | $4.42B | $3.73B | $3.38B | $2.94B | $2.62B | $2.31B | $1.77B | $1.45B | $1.11B | $1.09B | $1.06B | $1B |
| Supplementary Data | ||||||||||||||||||||||||||||||||
| Total Debt | $2.74B | $2.29B | $2.49B | $2.48B | $2.87B | $2.38B | $2.36B | $2.11B | $1.71B | $1.79B | $1.92B | $2.09B | $1.87B | $1.77B | $1.42B | $1.53B | $1.51B | $1.75B | $1.31B | $1.25B | $1.21B | $945.49M | $967.1M | $861.74M | $794.89M | $755.86M | $582.6M | $431.6M | $309.8M | $296.5M | $255.1M | $238.9M |
| Net Debt | $2.71B | $2.24B | $2.44B | $2.44B | $2.81B | $2.32B | $2.29B | $2.05B | $1.68B | $1.74B | $1.83B | $2.01B | $1.82B | $1.72B | $1.26B | $1.3B | $1.33B | $1.7B | $1.2B | $1.18B | $1.1B | $846.11M | $880.75M | $794.18M | $753.08M | $719.35M | $505.1M | $392.4M | $281.6M | $248.7M | $221.7M | $201.7M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 | FY 2005 | FY 2004 | FY 2003 | FY 2002 | FY 2001 | FY 2000 | FY 1999 | FY 1998 | FY 1997 | FY 1996 | FY 1995 | FY 1994 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | $190.4M | $181.07M | $414.71M | $117.25M | $242.52M | $390.53M | $335.17M | $269.39M | $284.99M | $233.1M | $114.69M | $291.16M | $278.88M | -$14.32M | $225.95M | $244.02M | -$123.27M | $293.67M | $432.12M | $315.76M | $275.08M | $207.07M | $175.32M | $148.44M | $155.85M | $111.03M | $84.1M | $34.1M | $54.6M | $45.5M | $41.6M | $39.8M |
| Depreciation & Amortization | $206.71M | $200.08M | $190.45M | $188.56M | $198.24M | $285.1M | $256.02M | $220.21M | $207.49M | $216.32M | $211.75M | $401.37M | $386.86M | $359.2M | $343.39M | $328.84M | $330.54M | $366.02M | $301.93M | $271.58M | $228.39M | $208.77M | $188.34M | $157.96M | $139.92M | $110.89M | $81.8M | $0 | $0 | $0 | $0 | $0 |
| Deferred Income Tax | -$8.92M | -$16.08M | -$4.41M | $20.19M | $27.39M | -$1.8M | $63.41M | $59.73M | -$25.42M | -$2.05M | $301K | $87.02M | $86.78M | -$7.5M | $118.92M | $66.58M | -$169.76M | $64.89M | $67.27M | $40.05M | $30.24M | $33.16M | $64.59M | $30.76M | $21.01M | $36.53M | $15.7M | -$17.3M | $12.9M | $4.6M | $7.6M | $1.7M |
| Stock-Based Compensation | $0 | $8.42M | $6.31M | $7.91M | $12.86M | $13.1M | $7.35M | $4.6M | $2.7M | $3.3M | $2.9M | $4.4M | $3.9M | $4M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | ||||||||||||||||||||||||||||||||
| Accounts Receivable | $8.35M | -$30.31M | $110.43M | -$91.19M | -$75.38M | -$2.78M | -$112.24M | $18.7M | -$115.41M | $19.04M | $45.85M | -$14.15M | $23.19M | -$39.08M | $11.02M | -$453.26M | $244.78M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $4.34M | $246K | -$27.59M | $243K | $138K | -$7.22M | $9.33M | -$46.8M | $9.13M | $2.43M | -$17.1M | -$18.74M | $30.45M | -$42.33M | -$24.23M | -$4.73M | $13.97M | -$18.57M | -$7.13M | -$29.74M | -$20.23M | -$23.8M | -$13.02M | $6.54M | -$26.54M | $9.58M | -$13.5M | $1.7M | -$4.2M | -$1.2M | $3.1M | -$6.8M |
| Accounts Payable | -$9.62M | -$443K | -$76.68M | $84.55M | $25.51M | $15.96M | $30.08M | $21.11M | $26.01M | $7.04M | $49.12M | -$45.06M | $15.08M | $6.35M | -$12.26M | $17.83M | -$61.87M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | $74.7M | $75.72M | -$16.2M | -$12.35M | -$63.93M | $67.19M | $12.99M | -$48.05M | -$18.79M | -$26.46M | $10.26M | -$29.19M | -$43.94M | -$33.04M | -$33.37M | $399.09M | -$4.68M | -$55.99M | -$36.25M | $64.86M | -$37.63M | $19.98M | -$9.72M | -$23.2M | $68.23M | -$63.76M | -$13M | -$16.7M | -$2.7M | -$20M | $8.7M | -$4.3M |
| Total Working Capital Change | $77.78M | $45.22M | -$10.04M | -$18.75M | -$113.66M | $73.15M | -$59.83M | -$6.98M | -$99.05M | $2.05M | $88.13M | -$107.15M | $24.79M | -$108.1M | -$58.84M | -$41.07M | $192.2M | -$74.56M | -$43.38M | $35.12M | -$57.86M | -$3.82M | -$22.74M | -$16.66M | $41.69M | -$54.19M | -$26.5M | -$15M | -$6.9M | -$21.2M | $11.8M | -$11.1M |
| Other Non-Cash Items | $7.4M | $83.6M | -$264.38M | $194.91M | $128.42M | $8.31M | -$59.84M | $177.76M | $287.48M | $229.11M | $223.38M | -$61.01M | -$39.01M | $714.67M | -$2.79M | -$46.75M | $616.98M | $136.16M | -$194.75M | -$3.04M | $7.39M | -$12.11M | $12.89M | $5.83M | -$9.92M | $2.7M | -$200K | $136.6M | $78M | $77.3M | $63.9M | $67.4M |
| Net Cash from Operating | $473.37M | $502.32M | $332.63M | $510.06M | $495.78M | $768.37M | $542.28M | $499.9M | $448M | $462.21M | $641.14M | $615.78M | $742.19M | $584.74M | $626.65M | $551.63M | $846.69M | $786.19M | $563.19M | $659.48M | $483.24M | $433.07M | $418.4M | $326.33M | $348.55M | $206.96M | $154.9M | $138.4M | $138.6M | $106.2M | $124.9M | $97.8M |
| Investing Activities | ||||||||||||||||||||||||||||||||
| Capital Expenditures | -$770.39M | -$522.82M | -$519.73M | -$442.58M | -$485.2M | -$558.01M | -$576.07M | -$568.23M | -$341.38M | -$388.18M | -$625.38M | -$972.1M | -$909.4M | -$872.92M | -$497M | -$449.28M | -$448.68M | -$746.48M | -$558.28M | -$508.98M | -$510.91M | -$337.69M | -$313.05M | -$276.78M | -$382.29M | -$408.83M | -$170.5M | -$191.2M | -$112.2M | -$111.9M | -$115M | -$81.6M |
| Acquisitions | $0 | $0 | $0 | $1.75M | -$2.5M | -$105.98M | -$55.6M | -$167.69M | $126.59M | $44.83M | $54.57M | -$209.21M | $1.9M | -$64.87M | $2.65M | -$35.75M | -$6.41M | -$533.54M | -$348.49M | -$126.31M | -$213.56M | -$37.14M | -$132.65M | -$92.66M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | -$4.18M | $0 | $0 | -$4.14M | -$3.14M | -$1.81M | -$2.01M | -$2.32M | -$1.61M | -$1.4M | $0 | $0 | $909.4M | $872.92M | $0 | $0 | -$3.74M | $0 | $0 | $0 | -$443K | -$54.27M | $132.65M | -$4.67M | $0 | $0 | -$100K | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $5M | $0 | $16.3M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.51M | $0 | $302K | $9.72M | $0 | $0 | $448.68M | $85.77M | $0 | $0 | $40M | $20.52M | $2.49M | $16.22M | $2.76M | $2.1M | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | -$11.28M | -$29.86M | -$37.37M | -$193.91M | -$395.05M | $35.56M | $29.81M | $25.02M | $127.18M | $84.48M | $241.41M | $277.12M | -$784.86M | -$832.81M | $29.8M | $77.09M | -$422M | $86.93M | $564.51M | -$24.94M | $41M | $22M | -$110.4M | $4M | $31.83M | $10M | -$17.9M | -$10.9M | $29.3M | $15M | $1.9M | $8.1M |
| Net Cash from Investing | -$780.86M | -$552.68M | -$540.79M | -$638.88M | -$885.88M | -$630.24M | -$603.86M | -$710.9M | -$214.2M | -$305.1M | -$382.45M | -$904.19M | -$782.66M | -$887.95M | -$464.55M | -$407.94M | -$432.15M | -$1.11B | -$342.26M | -$660.23M | -$643.91M | -$386.57M | -$420.96M | -$353.88M | -$347.7M | -$396.72M | -$188.5M | -$202.1M | -$82.9M | -$96.9M | -$113.1M | -$73.5M |
| Financing Activities | ||||||||||||||||||||||||||||||||
| Debt Repaid | -$381.6M | -$124.01M | $66.3M | -$176.21M | -$247.28M | $31.18M | -$135.05M | -$392.31M | $76.58M | $6.58M | $220.58M | -$240.92M | -$84.22M | -$329.18M | $84.85M | -$6.53M | $147.91M | -$253.4M | $112.21M | -$40.87M | -$247.12M | $22.57M | -$94.16M | -$66.55M | $779K | -$155.57M | -$129.2M | -$100.2M | -$300K | -$41.4M | -$16.2M | $17.8M |
| Common Stock Issuance | -$79K | -$50K | $0 | $0 | $88.77M | $3.38M | $106.85M | $0 | $0 | $0 | $21.9M | $150.06M | $14.55M | $88K | $5.74M | $4.97M | $65.21M | $15.01M | $17.26M | $19.96M | $9.16M | $70.13M | $568K | $55.13M | $67.18M | $47.25M | $3.2M | $32.9M | $10.1M | $0 | $0 | $0 |
| Common Stock Repurchases | $0 | $0 | -$4.81M | -$7.4M | -$6.7M | $0 | $0 | -$5.02M | -$17.28M | -$323K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$100K | -$100K | -$100K | -$100K | -$100K | -$100K | -$100K | -$100K | -$100K |
| Dividends Paid | -$108.24M | -$102.94M | -$161.32M | -$176.91M | -$171.35M | -$166.41M | -$160.26M | -$154.57M | -$150.73M | -$147.16M | -$142.84M | -$136.71M | -$98.41M | -$159.77M | -$123.32M | -$119.16M | -$115.02M | -$108.59M | -$100.64M | -$93.45M | -$87.55M | -$81.02M | -$73.37M | -$68.29M | -$61.85M | -$53.95M | -$46.1M | -$41.2M | -$33.4M | -$32.1M | -$31.5M | -$30.8M |
| Other Financing Activities | -$4.48M | $114.28M | $87.95M | $151.78M | $276.72M | -$839K | -$7.55M | -$2.34M | -$757K | -$41.17M | $85.78M | $86.06M | $27M | $26K | $1.24M | $1.19M | $601K | $4.44M | $5.4M | $2.52M | $0 | $0 | $0 | $0 | $0 | $0 | -$14.3M | -$17.1M | -$52.2M | -$4.2M | -$200K | -$10.1M |
| Net Cash from Financing | $268.8M | $40.3M | $204.62M | $155.17M | $384.71M | -$145.04M | $74.09M | $230.4M | -$245.3M | -$194.91M | -$255.73M | $325.19M | $36.87M | $189.63M | -$221.19M | -$96.77M | -$291.92M | $267.66M | -$188.49M | -$30.1M | $168.73M | -$33.46M | $21.35M | $53.3M | $4.44M | $148.77M | $71.9M | $74.7M | -$75.3M | $5M | -$15.6M | -$58.8M |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$1K | -$1K | $4K | -$225K | -$155K | -$215K | -$146K | -$214K | $38K | $782K | -$635K | $308K | -$1.67M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $100K | $0 | $0 |
| Net Change in Cash | -$38.7M | -$10.07M | -$3.54M | $26.36M | -$5.39M | -$6.91M | $12.51M | $19.4M | -$11.5M | -$37.8M | $2.74M | $36.63M | -$3.82M | -$113.73M | -$59.3M | $46.96M | $123.4M | -$54.11M | $32.74M | -$32.51M | $8.06M | $13.04M | $18.79M | $25.75M | $5.3M | -$40.99M | $38.3M | $11M | -$19.6M | $14.4M | -$3.8M | -$34.5M |
| Supplementary Data | ||||||||||||||||||||||||||||||||
| Operating Cash Flow | $473.4M | $502.32M | $332.63M | $510.06M | $495.78M | $768.37M | $542.28M | $499.9M | $448M | $462.21M | $641.14M | $615.78M | $742.19M | $584.74M | $626.65M | $551.63M | $846.69M | $786.19M | $563.19M | $659.48M | $483.24M | $433.07M | $418.4M | $326.33M | $348.55M | $206.96M | $154.9M | $138.4M | $138.6M | $106.2M | $124.9M | $97.8M |
| Capital Expenditure | -$792M | -$522.82M | -$519.73M | -$442.58M | -$485.2M | -$558.01M | -$576.07M | -$568.23M | -$341.38M | -$388.18M | -$625.38M | -$972.1M | -$909.4M | -$872.92M | -$497M | -$449.28M | -$448.68M | -$746.48M | -$558.28M | -$508.98M | -$510.91M | -$337.69M | -$313.05M | -$276.78M | -$382.29M | -$408.83M | -$170.5M | -$191.2M | -$112.2M | -$111.9M | -$115M | -$81.6M |
| Free Cash Flow | -$318.6M | -$20.51M | -$187.1M | $67.48M | $10.58M | $210.37M | -$33.78M | -$68.33M | $106.62M | $74.03M | $15.77M | -$356.32M | -$167.21M | -$288.18M | $129.65M | $102.35M | $398.01M | $39.71M | $4.91M | $150.5M | -$27.67M | $95.38M | $105.34M | $49.55M | -$33.73M | -$201.86M | -$15.6M | -$52.8M | $26.4M | -$5.7M | $9.9M | $16.2M |
| Cash at Beginning | $66.9M | $76.97M | $80.52M | $54.16M | $59.55M | $66.46M | $53.95M | $34.6M | $46.1M | $83.9M | $81.86M | $45.23M | $49.04M | $162.77M | $222.07M | $175.11M | $51.71M | $105.82M | $73.08M | $107.44M | $99.38M | $86.34M | $67.56M | $41.81M | $36.51M | $77.5M | $39.2M | $28.2M | $47.8M | $33.4M | $37.2M | $71.7M |
| Cash at End | $28.2M | $66.9M | $76.97M | $80.52M | $54.16M | $59.55M | $66.46M | $54M | $34.6M | $46.11M | $84.59M | $81.86M | $45.23M | $49.04M | $162.77M | $222.07M | $175.11M | $51.71M | $105.82M | $74.92M | $107.44M | $99.38M | $86.34M | $67.56M | $41.81M | $36.51M | $77.5M | $39.2M | $28.2M | $47.8M | $33.4M | $37.2M |