MARKEL GROUP INC. (MKL)
Markel Corporation operates as a multifaceted financial conglomerate, engaging in the marketing and underwriting of specialized insurance offerings across numerous global regions. Its operational footprint spans the United States, Bermuda, the United Kingdom, continental Europe, Canada, the Asia Pacific, and the Middle East. Within its Insurance segment, the company delivers a broad spectrum of protection. This includes general and professional liability coverage, personal lines, marine and energy policies, bespoke specialty programs, and workers' compensation. Furthermore, it provides property insurance encompassing fire, allied perils, and other tailored property coverages, notably safeguarding against catastrophe-exposed risks such as earthquakes and severe wind events. This segment also extends to credit and surety offerings, alongside collateral protection insurance. The Reinsurance division focuses on sophisticated risk transfer solutions. It offers reinsurance for transactional exposures, healthcare liabilities, and environmental impairment. Additionally, it specializes in treaty reinsurance products, which comprise structured and whole turnover credit, political risk, mortgage and contract, and commercial surety programs. Through its Markel Ventures segment, the corporation engages in a wide array of non-insurance businesses. This segment manufactures and supplies equipment for baking systems and food processing, portable dredges, and over-the-road vehicle transporters and other specialized transportation equipment. Its product portfolio also features laminated oak and composite wood flooring, tube and tank trailers, ornamental plants, residential homes, fashionable handbags, and various architectural products. Beyond goods, Markel Ventures extends consulting and diverse services to both businesses and consumers, including the distribution of exterior building products, crane rental, comprehensive fire protection and life safety services, management and technology consulting, and retail intelligence solutions. Finally, the Other segment encompasses healthcare, leasing, and investment services. It functions as an asset manager for insurance and investment funds, making available a suite of investment products such as insurance-linked securities, catastrophe bonds, insurance swaps, and weather derivatives. This segment also provides program services and actively co-manages funds with external partners. Established in 1930, Markel Corporation maintains its corporate headquarters in Glen Allen, Virginia.
Sector: Fire, Marine & Casualty Insurance
Industry: Insurance - Property & Casualty
Markel Corporation
NYSE:MKLFinancial Services · Insurance - Property & Casualty
-1.85%$1870.09
AH Close$1870.09+0.00%vs close
AH Close$1870.09+0.00%vs close
Mkt Cap$23.17B
Float12.25M
O/S12.39M
Inst Own77.3%
SI2.3%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$16.59B
Net Income$2.11B
Total Assets$68.91B
Free Cash Flow$2.55B
Debt & Equity
Debt 19%
Equity 81%
Total Debt$4.3B
Total Equity$18.6B
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in MKL's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$68.91B
Liabilities$49.8B
Accounts Receivable$18.58B
Accounts Payable$1.67B
Inventory$0
PP&E (Net)$0
Goodwill$2.82B
Intangible Assets$2.45B
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 | $16.59B | $16.75B | $15.71B | $11.81B | $12.92B | $9.64B | $9.52B | $6.95B | $6.06B | $5.61B | $5.37B | $5.13B | $4.32B | $3B | $2.63B | $2.23B | $2.07B | $1.98B | $2.48B | $2.52B | $2.2B | $2.26B | $2.09B | $1.77B | $1.4B | $1.09B | $524.32M | $426M | $419M | $366.7M | $343.6M | $279.7M | $234.9M | $229.1M | $225M | $77M | $97.8M | $69.5M | $40.7M | $35.4M |
| YoY Growth | -1.0% | 6.6% | 33.0% | -8.6% | 34.0% | 1.3% | 37.0% | 14.6% | 8.1% | 4.5% | 4.6% | 18.8% | 44.1% | 14.1% | 18.2% | 7.5% | 4.7% | -20.4% | -1.4% | 14.5% | -2.7% | 8.1% | 18.2% | 26.7% | 27.7% | 108.7% | 23.1% | 1.7% | 14.3% | 6.7% | 22.8% | 19.1% | 2.5% | 1.8% | 192.2% | -21.3% | 40.7% | 70.8% | 15.0% | - |
| Cost of Revenue | $5.08B | $7.48B | $7.63B | $8.41B | $7.03B | $6.26B | $4.67B | $4.3B | $4.22B | $3.25B | $2.75B | $2.92B | $2.34B | $1.58B | $1.72B | $1.37B | $992.86M | $1.27B | $1.85B | $1.9B | $1.95B | $1.98B | $1.85B | $1.6B | $1.5B | $1.07B | $440.33M | $328.18M | $120.1M | $0 | $0 | $80.7M | $67.3M | $45.7M | $41.9M | $8.2M | $12.4M | $0 | $0 | $0 |
| Gross Profit | $11.51B | $9.27B | $8.08B | $3.41B | $5.89B | $3.38B | $4.85B | $2.64B | $1.85B | $2.36B | $2.62B | $2.21B | $1.98B | $1.42B | $906.79M | $853.27M | $1.08B | $707.56M | $630.35M | $618.57M | $249.84M | $280.26M | $237.67M | $168.48M | -$102.87M | $23.86M | $83.99M | $97.82M | $298.9M | $366.7M | $343.6M | $199M | $167.6M | $183.4M | $183.1M | $68.8M | $85.4M | $69.5M | $40.7M | $35.4M |
| Gross Margin | 69.4% | 55.4% | 51.4% | 28.8% | 45.6% | 35.1% | 51.0% | 38.1% | 30.4% | 42.1% | 48.7% | 43.1% | 45.9% | 47.2% | 34.5% | 38.3% | 52.0% | 35.8% | 25.4% | 24.6% | 11.4% | 12.4% | 11.4% | 9.5% | -7.4% | 2.2% | 16.0% | 23.0% | 71.3% | 100.0% | 100.0% | 71.1% | 71.3% | 80.1% | 81.4% | 89.4% | 87.3% | 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 | $675.68M | $474.92M | $458.62M | $416.14M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $21.9M | $0 | $18.8M | $40.5M | $0 | $0 | $0 |
| Other | $8.78B | $5.64B | $5.43B | $3.56B | $2.76B | $2.38B | $1.89B | $2.18B | $1.3B | $1.32B | $1.88B | $1.77B | $1.62B | $1.1B | $716.59M | $557.76M | $877.83M | $867.39M | $58.4M | $65.17M | $63.84M | $56.22M | $56.09M | $50.78M | $79.33M | $75.67M | $30.55M | $22.44M | $20.1M | $8M | $8.5M | $7.7M | $5.6M | $5.3M | $0 | $4.3M | $3.2M | $2.4M | $300K | $35.4M |
| Total Operating Expenses | $8.78B | $5.64B | $5.43B | $3.56B | $2.76B | $2.38B | $2.57B | $2.65B | $1.76B | $1.73B | $1.88B | $1.77B | $1.62B | $1.1B | $716.59M | $557.76M | $877.83M | $867.39M | $58.4M | $65.17M | $63.84M | $56.22M | $56.09M | $50.78M | $79.33M | $75.67M | $30.55M | $22.44M | $20.1M | $8M | $8.5M | $7.7M | $5.6M | $27.2M | $0 | $23.1M | $43.7M | $2.4M | $300K | $35.4M |
| Operating Income (EBIT) | $2.73B | $3.64B | $2.65B | -$151.57M | $3.13B | $1B | $2.29B | -$7.86M | $87.3M | $629.92M | $742.11M | $440.38M | $361.74M | $312.05M | $190.2M | $295.51M | $198.64M | -$159.83M | $571.96M | $553.4M | $186M | $224.04M | $181.58M | $117.69M | -$182.2M | -$51.81M | $53.44M | $75.39M | $278.8M | $358.7M | $335.1M | $191.3M | $162M | $156.2M | $183.1M | $45.7M | $41.7M | $67.1M | $40.4M | $0 |
| Operating Margin | 16.5% | 21.7% | 16.9% | -1.3% | 24.2% | 10.4% | 24.0% | -0.1% | 1.4% | 11.2% | 13.8% | 8.6% | 8.4% | 10.4% | 7.2% | 13.3% | 9.6% | -8.1% | 23.0% | 22.0% | 8.5% | 9.9% | 8.7% | 6.6% | -13.0% | -4.7% | 10.2% | 17.7% | 66.5% | 97.8% | 97.5% | 68.4% | 69.0% | 68.2% | 81.4% | 59.4% | 42.6% | 96.5% | 99.3% | - |
| Interest Expense | $205.91M | $204.3M | $185.08M | $196.06M | $183.58M | $177.58M | $171.69M | $154.21M | $132.45M | $129.9M | $118.3M | $117.44M | $114M | $92.76M | $86.25M | $73.66M | $53.97M | $48.21M | $56.25M | $65.17M | $63.84M | $56.22M | $51.96M | $40.1M | $48.65M | $52.35M | $25.15M | $20.41M | $20.1M | $8M | $8.5M | $7.7M | $5.6M | $5.3M | $0 | $4.3M | $3.2M | $2.4M | $300K | $0 |
| Interest Income | $988.81M | $938.47M | $751.75M | $464.01M | $384.42M | $392.05M | $457.68M | $452.01M | $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 Income (Expense) | $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 | -$212.5M | -$321.7M | -$287.2M | -$165.6M | -$129.9M | -$116.6M | -$165.4M | -$36M | -$24.8M | $0 | $0 | $0 |
| Income Before Tax (EBT) | $2.73B | $3.64B | $2.65B | -$151.57M | $3.13B | $1B | $2.29B | -$7.86M | $87.3M | $629.92M | $742.11M | $440.38M | $361.74M | $312.05M | $190.2M | $295.51M | $198.64M | -$159.83M | $571.96M | $553.4M | $186M | $224.04M | $181.58M | $117.69M | -$182.2M | -$51.81M | $53.44M | $75.39M | $66.3M | $37M | $47.9M | $25.7M | $32.1M | $39.6M | $17.7M | $9.7M | $16.9M | $67.1M | $40.4M | $0 |
| Income Tax Expense | $580.3M | $790.29M | $552.62M | -$48.21M | $683.96M | $168.68M | $486.35M | $122.5M | -$313.46M | $169.48M | $152.96M | $116.69M | $77.9M | $53.8M | $41.71M | $27.78M | -$3.78M | -$101.39M | $166.29M | $160.9M | $38.09M | $58.63M | $58.11M | $42.37M | -$56.48M | -$24.21M | $12.83M | $18.09M | $15.9M | -$9.7M | $13.4M | $7.1M | $8.5M | $14M | $3.3M | $1.8M | $3.1M | $2.4M | $2.6M | $2.6M |
| Net Income | $2.11B | $2.75B | $2B | -$216.28M | $2.42B | $816.03M | $1.79B | -$128.18M | $395.27M | $455.69M | $582.77M | $321.18M | $281.02M | $253.38M | $142.03M | $266.79M | $201.64M | -$58.77M | $405.67M | $392.5M | $147.91M | $165.41M | $123.48M | $75.32M | -$125.72M | -$27.59M | $40.61M | $57.29M | $50.4M | $46.7M | $34.5M | $18.6M | $23.6M | $25.6M | $14.4M | $5.7M | $13.8M | $10.9M | $6M | $4.7M |
| Net Income Margin | 12.7% | 16.4% | 12.7% | -1.8% | 18.8% | 8.5% | 18.8% | -1.8% | 6.5% | 8.1% | 10.9% | 6.3% | 6.5% | 8.4% | 5.4% | 12.0% | 9.7% | -3.0% | 16.3% | 15.6% | 6.7% | 7.3% | 5.9% | 4.3% | -9.0% | -2.5% | 7.7% | 13.4% | 12.0% | 12.7% | 10.0% | 6.6% | 10.0% | 11.2% | 6.4% | 7.4% | 14.1% | 15.7% | 14.7% | 13.3% |
| Supplementary Data | ||||||||||||||||||||||||||||||||||||||||
| EPS | 169.74 | 199.69 | 147.32 | -23.72 | 176.92 | 55.67 | 129.25 | -9.21 | 25.89 | 31.41 | 41.99 | 22.38 | 22.57 | 25.96 | 14.66 | 27.31 | 20.54 | -5.99 | 40.73 | 40.43 | 15.05 | 16.79 | 12.55 | 7.67 | -14.73 | -3.99 | 7.27 | 10.41 | 9.20 | 8.58 | 6.38 | 3.33 | 4.23 | 4.64 | 2.70 | 1.05 | 2.62 | 2.29 | 1.37 | 1.27 |
| Diluted EPS | 169.22 | 199.32 | 146.98 | -23.72 | 176.51 | 55.63 | 129.07 | -9.21 | 25.81 | 31.27 | 41.74 | 22.27 | 22.48 | 25.89 | 14.60 | 27.27 | 20.52 | -5.99 | 40.64 | 39.40 | 14.80 | 16.41 | 12.31 | 7.65 | -14.73 | -3.99 | 7.20 | 10.17 | 8.92 | 8.30 | 6.15 | 3.33 | 4.23 | 4.64 | 2.70 | 1.05 | 2.62 | 2.29 | 1.37 | 1.27 |
| Weighted Average OS | 12.70M | 13.02M | 13.35M | 13.58M | 13.77M | 13.81M | 13.86M | 13.92M | 13.96M | 14.01M | 13.98M | 13.98M | 12.54M | 9.67M | 9.69M | 9.77M | 9.82M | 9.81M | 9.96M | 9.71M | 9.83M | 9.85M | 9.84M | 9.82M | 8.53M | 6.92M | 5.59M | 5.50M | 5.48M | 5.62M | 5.61M | 5.59M | 5.58M | 5.52M | 5.33M | 5.43M | 5.27M | 4.72M | 4.31M | 3.62M |
| EBITDA | $3.29B | $4.18B | $3.16B | $353.94M | $3.65B | $1.49B | $2.73B | $374.2M | $423.62M | $953.96M | $1.06B | $761.4M | $665.81M | $492.14M | $347.02M | $422.76M | $283.78M | -$80.43M | $658.74M | $652.62M | $286.19M | $311.6M | $272.81M | $186.02M | -$91.64M | $32.94M | $91.44M | $103.09M | $27.4M | $18.9M | $19.6M | $23.1M | $18.6M | $17.6M | $195.7M | $9.1M | $7.5M | $0 | $0 | $0 |
| EBITDA Margin | 19.8% | 25.0% | 20.1% | 3.0% | 28.3% | 15.4% | 28.6% | 5.4% | 7.0% | 17.0% | 19.8% | 14.8% | 15.4% | 16.4% | 13.2% | 19.0% | 13.7% | -4.1% | 26.5% | 25.9% | 13.0% | 13.8% | 13.0% | 10.5% | -6.6% | 3.0% | 17.4% | 24.2% | 6.5% | 5.2% | 5.7% | 8.3% | 7.9% | 7.7% | 87.0% | 11.8% | 7.7% | - | - | - |
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 | 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 |
| Assets | ||||||||||||||||||||||||||||||||||||||||
| Current Assets | ||||||||||||||||||||||||||||||||||||||||
| Cash and Cash Equivalents | $3.96B | $4.19B | $4.33B | $4.14B | $3.98B | $5.22B | $3.5B | $2.4B | $2.5B | $2.09B | $3.07B | $2.48B | $2.77B | $973.18M | $775.03M | $745.26M | $850.49M | $639.58M | $477.66M | $555.12M | $333.76M | $378.94M | $372.51M | $444.24M | $296.78M | $250.32M | $1.81M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Short-Term Investments | $7.07B | $0 | $0 | $14.53B | $14.39B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $121.71M | $82.01M | $67.82M | $64.79M | $80.71M | $141.75M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $11.03B | $4.19B | $4.33B | $18.66B | $18.37B | $5.22B | $3.5B | $2.4B | $2.5B | $2.09B | $3.07B | $2.48B | $2.77B | $973.18M | $775.03M | $745.26M | $850.49M | $639.58M | $477.66M | $555.12M | $0 | $0 | $454.52M | $512.06M | $361.57M | $331.03M | $143.56M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Receivable | $18.58B | $2.87B | $2.63B | $11.41B | $9.71B | $1.93B | $1.42B | $1.33B | $1.32B | $1.06B | $1.01B | $1.03B | $1.06B | $332.57M | $283.25M | $257.03M | $1.15B | $1.27B | $1.36B | $1.57B | $0 | $0 | $450.92M | $408.54M | $1.81B | $1.33B | $520.55M | $287.63M | $0 | $0 | $0 | $0 | $0 | $0 | $12.5M | $0 | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $298.73M | -$21.27B | -$18.43B | $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 | $638.6M | $0 | $0 | $1.08B | $902.46M | $9.6B | $6.88B | $5.59B | $6.58B | $6.46B | $6.31B | $5.97B | $6.25B | $2.66B | $1.97B | $1.59B | $2.64B | $2.6B | $2.09B | $2.5B | $2.96B | $2.84B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Current Assets | $33.32B | $7.06B | $6.96B | $33.22B | $30.77B | $7.15B | $4.93B | $3.72B | $3.82B | $3.15B | $4.08B | $3.51B | $3.82B | $1.31B | $1.06B | $1B | $2B | $1.91B | $1.83B | $2.12B | $2.96B | $2.84B | $905.44M | $920.6M | $2.17B | $1.66B | $664.11M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $12.5M | $0 | $0 | $0 | $0 | $0 |
| Long-Term Assets | ||||||||||||||||||||||||||||||||||||||||
| Property, Plant & Equipment Net | $0 | $2.08B | $1.93B | $0 | $0 | $1.16B | $821.32M | $551.54M | $501.62M | $412.4M | $430.83M | $421.39M | $347.91M | $330.23M | $244.85M | $159.57M | $100.24M | $57.26M | $50.53M | $45.97M | $49.54M | $30.22M | $0 | $0 | $0 | $0 | $9.9M | $8M | $10.1M | $15.4M | $27.7M | $43.3M | $42.3M | $34.2M | $36.2M | $34.9M | $10.2M | $0 | $0 | $0 |
| Goodwill | $2.82B | $2.74B | $2.62B | $2.64B | $2.9B | $2.6B | $2.31B | $2.24B | $1.78B | $1.14B | $1.17B | $1.05B | $967.72M | $674.93M | $0 | $0 | $0 | $0 | $0 | $339.72M | $339.72M | $339.72M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $2.45B | $1.46B | $1.59B | $2.67B | $2.62B | $1.78B | $1.74B | $1.73B | $1.36B | $722.54M | $792.37M | $702.75M | $565.08M | $374.3M | $867.56M | $645.9M | $502.83M | $344.03M | $344.91M | $0 | $0 | $0 | $357.32M | $361.44M | $372.13M | $403M | $92.31M | $35.3M | $37.3M | $39.3M | $41.7M | $45.1M | $53.1M | $42.3M | $45M | $35.8M | $7.4M | $0 | $0 | $0 |
| Long-Term Investments | $25.77B | $30.92B | $27.13B | $7.67B | $9.02B | $19.71B | $18.76B | $16.84B | $18.07B | $16.97B | $15.11B | $16.16B | $14.85B | $8.36B | $7.95B | $7.48B | $7B | $6.27B | $7.31B | $6.98B | $0 | $121.71M | $4.98B | $3.87B | $3.29B | $2.89B | $1.62B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $40M | $23.5M | $0 | $0 | $3.9M | $22.3M | $449.14M | $434.12M | $659.37M | $684.51M | $716.72M | $772.55M | $335.81M | $399.64M | $404.84M | $161.16M | $369M | $79.1M | $39.12M | $134.12M | $42.46M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $4.54B | $3.05B | $3.19B | $3.59B | $3.16B | $1.86B | $2.05B | $1.67B | $1.43B | $1.11B | $970.61M | $1.02B | $961.01M | $571.57M | $481.92M | $527.08M | $476.7M | $525.91M | $514.54M | $560.78M | -$523.38M | $6.02B | -$4.98B | -$3.87B | -$3.67B | -$3.29B | -$1.73B | -$43.3M | -$47.4M | -$54.7M | -$69.4M | -$88.4M | -$95.4M | -$76.5M | -$81.2M | -$70.7M | -$17.6M | $0 | $0 | $0 |
| Total Long-Term Assets | $35.58B | $40.28B | $36.49B | $16.57B | $17.7B | $27.12B | $25.7B | $23.48B | $23.57B | $21.02B | $19.16B | $20.07B | $18.46B | $10.65B | $9.95B | $9.22B | $8.24B | $7.57B | $8.3B | $7.97B | $0 | $6.55B | $357.32M | $361.44M | $3.67B | $3.29B | $1.73B | $43.3M | $47.4M | $54.7M | $69.4M | $88.4M | $95.4M | $76.5M | $81.2M | $70.7M | $17.6M | $0 | $0 | $0 |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $6.85B | $0 | $7.27B | $6.13B | $607.09M | $525.73M | $65.84M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $661.3M | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $68.91B | $47.35B | $43.44B | $49.79B | $48.48B | $34.27B | $30.63B | $27.2B | $27.39B | $24.16B | $23.24B | $23.58B | $22.28B | $11.95B | $11.01B | $10.22B | $10.24B | $9.48B | $10.13B | $10.09B | $9.81B | $9.4B | $8.53B | $7.41B | $6.44B | $5.47B | $2.46B | $1.92B | $1.87B | $1.61B | $1.31B | $1.16B | $1.18B | $757.2M | $755M | $733.2M | $195.7M | $147.3M | $103.7M | $57.3M |
| Liabilities | ||||||||||||||||||||||||||||||||||||||||
| Current Liabilities | ||||||||||||||||||||||||||||||||||||||||
| Accounts Payable | $1.67B | $1.43B | $1.04B | $669.74M | $7.49B | $6.23B | $5.66B | $5.4B | $4.94B | $2.24B | $2.24B | $2.14B | $2.15B | $881.99M | $855.43M | $50.72M | $46.85M | $42.4M | $39.79M | $0 | $0 | $89.64M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Short-Term Debt | $0 | $172.79M | $202M | $249.94M | $0 | $126.8M | $113.05M | $288.54M | $86.31M | $183.92M | $30.27M | $23.34M | $28.8M | $246.62M | $246.35M | $246.08M | $733K | $0 | $93.05M | $179.41M | $98.89M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $83.7M | $51.3M | $46.4M | $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 |
| Current Unearned Revenue | $7.25B | $7.06B | $6.64B | $6.22B | $5.38B | $2.98B | $2.64B | $0 | $0 | $1.96B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.01B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $30.86B | -$8.67B | -$7.88B | $20.95B | $11.3B | -$9.34B | -$8.42B | -$5.69B | -$5.03B | -$4.39B | -$2.27B | -$23.34M | -$28.8M | -$246.62M | -$1.04B | -$246.08M | -$733K | $0 | -$93.05M | -$1.25B | $5.88B | $5.48B | -$150.16M | -$122.19M | $4.66B | $3.86B | -$60.71M | -$22.71M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Current Liabilities | $39.78B | $0 | $0 | $28.09B | $24.18B | $0 | $0 | $5.4B | $4.94B | $2.24B | $2.24B | $2.14B | $2.15B | $881.99M | $64.33M | $50.72M | $1.01B | $42.4M | $0 | $0 | $0 | $0 | $0 | $0 | $4.83B | $4B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Liabilities | ||||||||||||||||||||||||||||||||||||||||
| Long-Term Debt | $4.3B | $4.88B | $4.24B | $3.85B | $4.82B | $3.92B | $3.68B | $2.72B | $3.01B | $2.39B | $2.21B | $2.23B | $2.23B | $1.25B | $1.05B | $769.86M | $962.91M | $688.51M | $587.65M | $678.95M | $749.99M | $855.08M | $762.11M | $640.49M | $381.02M | $573.11M | $167.98M | $93.2M | $93.2M | $114.7M | $106.7M | $100.7M | $78.2M | $100.6M | $94M | $127M | $44.5M | $24.3M | $21.4M | $2.7M |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2.11B | -$2.51B | -$1.99B | $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 | $1.6B | $1.2B | $0 | $0 | $990.1M | $883M | $895.19M | $939.69M | $989.86M | $860.7M | $1.03B | $668.84M | $504.71M | $410.74M | $341.58M | $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 | $5.72B | $22.8B | $21.95B | $4.11B | $4.27B | $15.82B | $14.59B | $14.31B | $13.77B | $12.24B | $12.26B | $12.66B | $12.64B | $6.23B | $6.09B | $5.92B | $6.49B | $6.61B | $6.91B | $7.11B | -$749.99M | $1.31B | -$762.11M | -$640.49M | -$381.02M | -$573.11M | -$167.98M | -$93.2M | -$93.2M | -$114.7M | -$106.7M | -$100.7M | -$78.2M | -$100.6M | -$94M | -$127M | -$44.5M | -$24.3M | -$21.4M | -$2.7M |
| Total Long-Term Liabilities | $10.02B | $29.88B | $27.92B | $7.97B | $9.1B | $21.21B | $19.37B | $17.93B | $17.73B | $15.62B | $15.33B | $15.92B | $15.53B | $7.98B | $7.54B | $7.03B | $7.45B | $7.3B | $7.49B | $7.79B | $0 | $2.17B | $7.15B | $6.25B | $531M | $723M | $167.98M | $93.2M | $93.2M | $114.7M | $106.7M | $100.7M | $78.2M | $100.6M | $94M | $127M | $44.5M | $24.3M | $21.4M | $2.7M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2.01B | $0 | $0 | $0 | -$150.48M | -$150.22M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $49.8B | $29.88B | $27.92B | $36.05B | $33.28B | $21.21B | $19.37B | $17.93B | $17.73B | $15.62B | $15.33B | $15.92B | $15.53B | $7.98B | $7.54B | $7.03B | $7.45B | $7.3B | $7.49B | $7.79B | $8.11B | $7.74B | $7.15B | $6.25B | $5.21B | $4.57B | $167.98M | $93.2M | $93.2M | $114.7M | $106.7M | $100.7M | $78.2M | $100.6M | $94M | $127M | $44.5M | $24.3M | $21.4M | $2.7M |
| Stockholders' Equity | ||||||||||||||||||||||||||||||||||||||||
| Preferred Stock | $0 | $591.89M | $591.89M | $591.89M | $591.89M | $591.89M | $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 |
| Common Stock | $3.67B | $3.56B | $3.52B | $3.49B | $3.44B | $3.43B | $3.4B | $3.39B | $3.38B | $3.37B | $3.34B | $3.31B | $3.29B | $908.98M | $891.51M | $884.46M | $872.88M | $869.74M | $866.36M | $854.56M | $743.5M | $742.29M | $737.36M | $736.25M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Retained Earnings | $15.03B | $13.38B | $11.35B | $9.83B | $10.45B | $8.2B | $7.46B | $5.78B | $3.78B | $3.53B | $3.14B | $2.58B | $2.29B | $2.07B | $1.84B | $1.74B | $1.51B | $1.3B | $1.42B | $1.02B | $669.06M | $537.07M | $375.04M | $251.57M | $176.25M | $302M | $342.43M | $303.9M | $246.9M | $200.2M | $156.3M | $121.9M | $105.5M | $81.8M | $57.4M | $43.1M | $39.1M | $25.3M | $14.3M | $7.6M |
| Comprehensive Income & Other | -$109.46M | -$617.08M | -$478.21M | -$767.49M | $237.62M | $584.38M | $208.77M | -$94.65M | $2.35B | $1.57B | $1.35B | $1.7B | $1.09B | $911.34M | $660.92M | $551.09M | $387.09M | $13.03M | $357.53M | $426.15M | $292.87M | $377.15M | $269.88M | $171.3M | $173.29M | $124.46M | $15.37M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Stockholders' Equity | -$109.46M | -$25.19M | $113.68M | -$175.6M | $829.51M | $1.18B | $208.77M | -$94.65M | $2.35B | $1.57B | $1.35B | $1.7B | $1.09B | $911.34M | $660.92M | $551.09M | $387.09M | $13.03M | $357.53M | $426.15M | $292.87M | $377.15M | $269.88M | $171.3M | $908.86M | $450.37M | $40.99M | $121.4M | $109.9M | $68.1M | $57.1M | $16.6M | $45.2M | $27.5M | $25.8M | $11.6M | $22.9M | $21.8M | $7.3M | $8.7M |
| Total Equity | $18.6B | $16.92B | $14.98B | $13.15B | $14.72B | $12.8B | $11.07B | $9.08B | $9.5B | $8.46B | $7.83B | $7.59B | $6.67B | $3.89B | $3.39B | $3.17B | $2.77B | $2.18B | $2.64B | $2.3B | $1.71B | $1.66B | $1.38B | $1.16B | $1.09B | $752.37M | $383.42M | $425.3M | $356.8M | $268.3M | $213.4M | $138.5M | $150.7M | $109.3M | $83.2M | $54.7M | $62M | $47.1M | $21.6M | $16.3M |
| Minority Interest | $504.43M | $553.08M | $541.97M | $585.95M | $484.24M | $260.53M | $185.11M | $193.71M | $163.7M | $80.16M | $69.42M | $68.23M | $76.62M | $86.58M | $74.83M | $16.17M | $17.35M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $150M | $150M | $150M | $150M | $150M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $68.4B | $46.79B | $42.9B | $49.21B | $47.99B | $34.01B | $30.44B | $27.01B | $27.23B | $24.08B | $23.17B | $23.51B | $22.21B | $11.87B | $10.93B | $10.2B | $10.22B | $9.48B | $10.13B | $10.09B | $9.81B | $9.4B | $8.53B | $7.41B | $6.29B | $5.32B | $551.4M | $518.5M | $450M | $383M | $320.1M | $239.2M | $228.9M | $209.9M | $177.2M | $181.7M | $106.5M | $71.4M | $43M | $19M |
| Supplementary Data | ||||||||||||||||||||||||||||||||||||||||
| Total Debt | $4.3B | $5.65B | $4.97B | $4.1B | $4.82B | $4.52B | $4.01B | $3.01B | $3.1B | $2.57B | $2.24B | $2.25B | $2.26B | $1.49B | $1.29B | $1.02B | $963.65M | $688.51M | $680.7M | $858.36M | $848.88M | $855.08M | $762.11M | $490.49M | $381.02M | $573.11M | $167.98M | $93.2M | $93.2M | $114.7M | $106.7M | $100.7M | $78.2M | $100.6M | $94M | $127M | $44.5M | $24.3M | $21.4M | $2.7M |
| Net Debt | $339.11M | $1.45B | $636.35M | -$33.8M | $844.15M | -$692.44M | $508.58M | $613.14M | $598.38M | $489.37M | -$828.71M | -$228.8M | -$509.23M | $519.37M | $518.49M | $270.69M | $113.15M | $48.93M | $203.04M | $303.24M | $515.12M | $476.14M | $389.6M | $46.26M | $84.24M | $322.79M | $166.17M | $93.2M | $93.2M | $114.7M | $106.7M | $100.7M | $78.2M | $100.6M | $94M | $127M | $44.5M | $24.3M | $21.4M | $2.7M |
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 | FY 1993 | FY 1992 | FY 1991 | FY 1990 | FY 1989 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Operating Activities | |||||||||||||||||||||||||||||||||||||
| Net Income | $2.15B | $2.85B | $2.1B | -$101.2M | $2.45B | $831.77M | $1.8B | -$130.35M | $400.76M | $460.44M | $589.14M | $323.69M | $283.85M | $258.25M | $148.49M | $267.73M | $202.42M | -$58.77M | $405.67M | $392.5M | $147.91M | $165.41M | $123.48M | $75.32M | -$125.72M | -$27.59M | $40.61M | $57.3M | $50.4M | $46.7M | $34.5M | $18.6M | $23.6M | $25.6M | $14.4M | $7.9M | $13.8M |
| Depreciation & Amortization | $347.92M | $342.36M | $319.73M | $309.45M | $336.39M | $307.07M | $269.24M | $227.85M | $203.87M | $194.15M | $200.99M | $203.58M | $190.07M | $87.33M | $70.57M | $53.59M | $31.17M | $31.19M | $30.53M | $34.04M | $36.34M | $31.34M | $39.26M | $28.23M | $41.91M | $32.4M | $12.86M | $7.3M | $7.3M | $10.9M | $11.1M | $15.4M | $13M | $12.3M | $12.6M | $4.8M | $4.3M |
| Deferred Income Tax | $151.22M | $394.56M | $233.8M | -$281.75M | $453.41M | -$2.73M | $323.38M | $2.73M | -$324.09M | $63.36M | -$9.68M | $84.54M | $4.05M | $37.65M | $5.65M | $7.18M | -$9.14M | -$100.42M | $31.93M | $30.56M | -$44.51M | -$29.8M | -$13.22M | -$3.47M | -$76.2M | -$18.1M | $9.48M | $7M | -$600K | -$15.3M | $1.4M | $4.3M | -$1.1M | $200K | $1.6M | -$200K | $200K |
| Stock-Based Compensation | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $11.9M | $14.3M | $16.3M | $18.7M | $18.4M | $4.4M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | |||||||||||||||||||||||||||||||||||||
| Accounts Receivable | -$3.22B | $0 | -$1.25B | -$1.82B | -$1.68B | -$577.83M | -$313.95M | -$27.96M | -$38.26M | -$163.12M | $5.6M | $21.15M | $142.06M | -$36.59M | $0 | $0 | $0 | $0 | $27.09M | $11.53M | $50.27M | $34.83M | -$42.38M | -$36.47M | -$13.29M | $49.42M | -$2.5M | $5.8M | -$5.6M | $800K | $12.1M | $35.5M | $7.9M | $47.1M | -$2.2M | -$100K | -$900K |
| 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 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $223.88M | $0 | $365.38M | $210.81M | $131.56M | $76.59M | $65.46M | -$4.31M | -$40.76M | $11.58M | -$31.83M | -$45.2M | -$150.76M | $19.19M | $0 | $0 | $0 | $2.61M | $17.95M | $243.31M | $321.35M | $514.27M | $680.24M | $538.61M | $10.83M | -$111.77M | -$35.3M | -$6.4M | $19.1M | $43.4M | $35.9M | -$7.4M | $2.6M | -$43.4M | -$13.5M | $1.3M | $4.4M |
| Other Working Capital | $3.95B | $1.07B | $2.5B | $2.81B | $2.47B | $1.6B | $682.11M | $319.89M | $630.86M | -$10.1M | -$64.01M | $188.87M | $325.44M | $80.23M | $0 | -$68.85M | -$38.08M | $110.47M | $23.27M | $26.09M | $83.98M | $33.8M | -$12.77M | -$93.69M | $15.56M | $57.87M | $43.61M | -$4.3M | $20.5M | $37.2M | $32M | -$20.2M | -$28.5M | $1.9M | -$15.7M | $1.2M | $3.5M |
| Total Working Capital Change | $960.27M | $1.07B | $1.61B | $1.2B | $919.73M | $1.1B | $433.62M | $287.61M | $551.84M | -$161.64M | -$90.23M | $164.81M | $316.74M | $62.83M | $96.31M | -$68.85M | -$38.08M | $113.08M | $68.31M | $280.94M | $455.6M | $582.91M | $625.09M | $408.46M | $13.1M | -$4.48M | $5.81M | -$4.9M | $34M | $81.4M | $80M | $7.9M | -$18M | $5.6M | -$31.4M | $2.4M | $7M |
| Other Non-Cash Items | -$850.56M | -$2.06B | -$1.47B | $1.58B | -$1.88B | -$494.68M | -$1.55B | -$25.17M | $20.85M | $43.46M | $67.41M | -$13.83M | $13.98M | -$21.93M | $26.16M | -$36.36M | $96.1M | $405.07M | $31.38M | -$226.45M | -$44.09M | -$59.16M | -$143.16M | -$1.18M | $311.37M | $106.99M | -$68.2M | -$26.8M | -$22.5M | -$29.3M | $42M | $14.8M | $74.5M | -$6.4M | $24.8M | $12.1M | -$8.5M |
| Net Cash from Operating | $2.76B | $2.59B | $2.79B | $2.71B | $2.27B | $1.74B | $1.27B | $892.86M | $858.53M | $534.62M | $651.15M | $716.79M | $745.52M | $392.53M | $311.32M | $223.29M | $282.46M | $390.16M | $508.32M | $511.59M | $551.25M | $690.69M | $631.45M | $507.37M | $164.47M | $89.21M | $558K | $39.9M | $68.6M | $94.4M | $169M | $61M | $92M | $29.8M | $22M | $27M | $16.8M |
| Investing Activities | |||||||||||||||||||||||||||||||||||||
| Capital Expenditures | -$206.89M | -$254.99M | -$258.62M | -$254.71M | -$145.25M | -$101.3M | -$123.38M | -$106.59M | -$74.65M | -$63.67M | -$79.75M | -$82.13M | -$47.73M | -$45.52M | -$60.13M | -$42.1M | -$21.91M | -$17.67M | -$14.49M | -$9.19M | -$29.5M | -$6.96M | -$7.91M | -$14.55M | -$8.51M | -$19.63M | -$4.03M | -$2.7M | -$4.6M | -$4M | -$4.5M | -$7M | -$4.6M | -$2.7M | -$5.3M | -$10.6M | -$3.4M |
| Acquisitions | -$106.21M | -$207.75M | -$155M | $752.33M | -$525.64M | -$554.13M | -$503M | -$1.18B | -$1.44B | -$7.31M | -$260.21M | -$227.88M | $263.34M | -$284.32M | -$120.1M | -$214.16M | -$154.92M | -$16.78M | -$8.1M | $0 | $43.24M | $0 | $0 | $0 | $0 | -$195.56M | -$129.96M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | -$4.27B | -$4.37B | -$4.94B | -$3.4B | -$3.42B | -$2.15B | -$1.05B | -$444.28M | -$941.54M | -$2.9B | -$1.64B | -$3.28B | -$2.12B | -$854.73M | -$930.07M | -$957.19M | -$726.95M | -$1.17B | -$1.65B | -$2.13B | -$2.44B | -$3.5B | -$5.24B | -$2.76B | -$1.38B | -$891.64M | -$995.45M | -$574.8M | -$904M | -$591M | -$793.1M | -$418M | -$585.4M | -$1.29B | -$1.22B | -$211.6M | -$178.1M |
| Sales of Investments | $3.26B | $2.4B | $2.63B | $1.39B | $1.14B | $2.22B | $1.13B | $971.01M | $1.71B | $1.33B | $2.04B | $2.71B | $2.36B | $847.25M | $631.55M | $927.05M | $542.13M | $1.09B | $1.3B | $2.23B | $2.32B | $3.46B | $5.22B | $2.75B | $1.4B | $910.32M | $1.12B | $533.1M | $691.9M | $522.3M | $654.3M | $360.4M | $471.4M | $1.24B | $1.2B | $210.4M | $163.9M |
| Other Investing Activities | $133.56M | $32.17M | $23.08M | -$161.09M | $16.21M | $72.93M | $16.8M | -$42.16M | $5.57M | $92.02M | $61.53M | $262.33M | -$261.91M | -$2.16M | $4.45M | $3.06M | $27.94M | -$34.19M | -$4.71M | -$448.63M | -$454.19M | -$721.03M | -$797.45M | -$444.66M | -$335.9M | -$5.1M | -$6.8M | $4.2M | $15.6M | -$35.3M | -$23.7M | $1.4M | $38.7M | $21.2M | -$11.7M | -$13.7M | $0 |
| Net Cash from Investing | -$1.19B | -$2.4B | -$2.7B | -$1.67B | -$2.94B | -$511.75M | -$535.16M | -$797.24M | -$744.46M | -$1.55B | $125.77M | -$622.21M | $187.39M | -$339.49M | -$474.31M | -$283.34M | -$333.71M | -$150.2M | -$377.52M | -$348.78M | -$567.28M | -$767.7M | -$819.55M | -$462.24M | -$328.49M | -$201.61M | -$14.52M | -$40.2M | -$201.1M | -$108M | -$167M | -$63.2M | -$79.9M | -$32.7M | -$32.8M | -$25.5M | -$17.6M |
| Financing Activities | |||||||||||||||||||||||||||||||||||||
| Debt Repaid | $29.45M | -$537.46M | $324.66M | $220.95M | -$711.77M | $52.81M | -$541.51M | $82.25M | -$404.69M | -$280.94M | $18.22M | -$5.76M | -$225.24M | -$179M | -$245.62M | -$12.88M | -$252.05M | -$2.23M | $184.04M | -$104.43M | $13.23M | -$86.82M | -$115.27M | -$102.17M | $196.84M | -$241.69M | -$19.71M | - | $21.6M | -$7.9M | -$6.1M | -$2.2M | $23.5M | -$9.1M | $20.1M | -$42.7M | -$4.5M |
| Common Stock Issuance | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $552K | $4.62M | $4.75M | $5.69M | $24.52M | $0 | $1.18M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $407.53M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $300K | $100K | -$4.7M | -$200K |
| Common Stock Repurchases | -$429.52M | -$572.73M | -$445.48M | -$290.8M | -$206.52M | -$26.83M | -$116.31M | -$54.01M | -$110.84M | -$51.14M | -$31.49M | -$26.05M | -$57.39M | -$16.87M | -$42.91M | -$45.22M | $0 | -$60.6M | -$24.21M | -$45.88M | -$15.93M | -$3.38M | -$4K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | $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 | -$100K | -$100K | $0 | -$100K |
| Other Financing Activities | -$133.08M | -$226.61M | -$193.57M | -$47.56M | -$99.49M | -$59.29M | -$65.88M | -$42.73M | -$37.53M | -$77.78M | -$24.5M | -$46.83M | $7.52M | -$29.31M | -$9.3M | -$13.27M | -$441K | $4.71M | $0 | -$5K | $0 | $0 | $1.11M | $163K | -$201K | -$8.03M | -$5.47M | $500K | $144.4M | -$1.5M | $0 | -$29.3M | $200K | -$3.3M | $100K | $4.7M | $300K |
| Net Cash from Financing | -$1.21B | -$297.88M | -$999.72M | -$595.31M | $369.77M | $434.56M | $359.32M | -$178.99M | $256.31M | $152.02M | -$74.21M | -$67.12M | $175.37M | $141.96M | $194.59M | -$45.61M | $251.61M | -$53.65M | -$208.25M | $58.55M | -$29.16M | $83.43M | $116.38M | $102.33M | $210.49M | $233.66M | $14.24M | $500K | $122.8M | $6.4M | $6.1M | -$27.1M | -$23.3M | $6M | -$20.1M | $38M | $4.3M |
| Forex Effect | $49.77M | -$37.3M | $27.04M | -$103.36M | -$41.73M | $55.9M | $5.64M | -$21.05M | $45.3M | -$32.79M | -$32.87M | -$45.82M | $6.49M | $3.14M | -$1.82M | $427K | $9.75M | -$24.39M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$100K | $0 | $0 | -$12.1M | $2.9M | $10.8M | -$1.5M | $800K |
| Net Change in Cash | $411.05M | -$139.79M | -$889.48M | $340.57M | -$335.7M | $1.72B | $1.1B | -$104.41M | $415.68M | -$891.26M | $669.84M | -$18.36M | $1.11B | $198.15M | $29.77M | -$105.23M | $210.12M | $161.92M | -$77.45M | $221.36M | -$45.18M | $6.43M | -$71.72M | $147.46M | $46.46M | $121.27M | $286K | $200K | -$9.7M | -$7.3M | $8.1M | -$29.3M | -$23.3M | $6M | -$20.1M | $38M | $4.3M |
| Supplementary Data | |||||||||||||||||||||||||||||||||||||
| Operating Cash Flow | $2.76B | $2.59B | $2.79B | $2.71B | $2.27B | $1.74B | $1.27B | $892.86M | $858.53M | $534.62M | $651.15M | $716.79M | $745.52M | $392.53M | $311.32M | $223.29M | $282.46M | $390.16M | $508.32M | $511.59M | $551.25M | $690.69M | $631.45M | $507.37M | $164.47M | $89.21M | $558K | $39.9M | $68.6M | $94.4M | $169M | $61M | $92M | $29.8M | $22M | $27M | $16.8M |
| Capital Expenditure | -$206.89M | -$254.99M | -$258.62M | -$254.71M | -$145.25M | -$101.3M | -$123.38M | -$106.59M | -$74.65M | -$63.67M | -$79.75M | -$82.13M | -$47.73M | -$45.52M | -$60.13M | -$42.1M | -$21.91M | -$17.67M | -$14.49M | -$9.19M | -$29.5M | -$6.96M | -$7.91M | -$14.55M | -$8.51M | -$19.63M | -$4.03M | -$2.7M | -$4.6M | -$4M | -$4.5M | -$7M | -$4.6M | -$2.7M | -$5.3M | -$10.6M | -$3.4M |
| Free Cash Flow | $2.55B | $2.34B | $2.53B | $2.45B | $2.13B | $1.64B | $1.15B | $786.26M | $783.88M | $470.95M | $571.4M | $634.66M | $697.8M | $347.01M | $251.19M | $181.19M | $260.56M | $372.48M | $493.83M | $502.4M | $521.75M | $683.73M | $623.54M | $492.81M | $155.96M | $69.58M | -$3.47M | $37.2M | $64M | $90.4M | $164.5M | $54M | $87.4M | $27.1M | $16.7M | $16.4M | $13.4M |
| Cash at Beginning | $4.19B | $4.33B | $5.22B | $4.88B | $5.22B | $3.5B | $2.4B | $2.5B | $2.09B | $2.63B | $1.96B | $1.98B | $863.77M | $775.03M | $745.26M | $850.49M | $640.38M | $477.66M | $555.12M | $333.76M | $378.94M | $372.51M | $444.24M | $296.78M | $250.32M | $129.06M | $1.53M | $1.3M | $11.1M | $18.3M | $10.2M | $12.4M | $23.6M | $20.6M | $51.5M | $12.1M | $8.6M |
| Cash at End | $4.6B | $4.19B | $4.33B | $5.22B | $4.88B | $5.22B | $3.5B | $2.4B | $2.5B | $1.74B | $2.63B | $1.96B | $1.98B | $973.18M | $775.03M | $745.26M | $850.49M | $639.58M | $477.66M | $555.12M | $333.76M | $378.94M | $372.51M | $444.24M | $296.78M | $250.32M | $1.81M | $1.5M | $1.4M | $11M | $18.3M | -$16.9M | $300K | $26.6M | $31.4M | $50.1M | $12.9M |