Norwegian Cruise Line Holdings Ltd. (NCLH)
Norwegian Cruise Line Holdings Ltd. (NCLH), along with its subsidiary companies, operates as a major global cruise enterprise. Its operations span North America, Europe, the Asia-Pacific region, and other international markets. The company manages a portfolio of three distinct cruise brands: Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises. NCLH offers an extensive range of voyages, from brief three-day excursions to lengthy 180-day expeditions. These itineraries explore a comprehensive list of destinations worldwide, including Scandinavia, Russia, the Mediterranean, and the Greek Isles; the Alaskan wilderness, Canada and New England; Hawaii, Asia, Tahiti, and the South Pacific; Australia and New Zealand; Africa, India, and South America; as well as the Panama Canal and the Caribbean. As of December 31, 2021, the company commanded a fleet of 28 ships, providing approximately 59,150 berths for guests. Its travel products are distributed through multiple channels, including independent retail/travel advisors, direct sales onboard its ships, and specialized services for meetings, incentives, and private charters. Founded in 1966, Norwegian Cruise Line Holdings Ltd. maintains its corporate headquarters in Miami, Florida.
Sector: Water Transportation
Industry: Travel Services
Norwegian Cruise Line Holdings Ltd.
NYSE:NCLHConsumer Cyclical · Travel Services
-2.83%$15.10
AH Close$15.07-0.23%vs close
AH Close$15.07-0.23%vs close
Mkt Cap$6.93B
Float456.36M
O/S459.19M
Inst Own-
SI21.2%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$9.83B
Net Income$423.25M
Total Assets$22.54B
Free Cash Flow-$1.17B
Debt & Equity
Debt 87%
Equity 13%
Total Debt$14.61B
Total Equity$2.21B
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in NCLH's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$22.54B
Liabilities$20.33B
Accounts Receivable$291.66M
Accounts Payable$169.66M
Inventory$138.18M
PP&E (Net)$19.07B
Goodwill$135.76M
Intangible Assets$500.52M
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 | FY 2005 | FY 2004 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 | 2005-12-31 | 2004-12-31 |
| Revenue | $9.83B | $9.48B | $8.55B | $4.84B | $647.99M | $1.28B | $6.46B | $6.06B | $5.4B | $4.87B | $4.35B | $3.13B | $2.57B | $2.28B | $2.22B | $2.01B | $1.86B | $2.11B | $2.17B | $1.98B | $1.62B | $1.34B |
| YoY Growth | 3.7% | 10.9% | 76.5% | 647.5% | -49.4% | -80.2% | 6.7% | 12.2% | 10.7% | 12.2% | 39.0% | 21.6% | 12.9% | 2.6% | 10.3% | 8.5% | -11.9% | -3.1% | 9.9% | 22.3% | 20.8% | - |
| Cost of Revenue | $6.69B | $5.69B | $5.47B | $4.27B | $1.61B | $1.69B | $3.66B | $3.38B | $3.06B | $2.85B | $2.66B | $1.95B | $1.66B | $1.48B | $1.47B | $1.35B | $1.29B | $1.58B | $1.69B | $1.57B | $1.21B | $981.54M |
| Gross Profit | $3.14B | $3.79B | $3.08B | $576.67M | -$960.05M | -$413.15M | $2.8B | $2.68B | $2.33B | $2.02B | $1.69B | $1.18B | $912.63M | $797.81M | $751.45M | $664.83M | $565.75M | $527.92M | $479.88M | $408.93M | $405.65M | $356.75M |
| Gross Margin | 32.0% | 40.0% | 36.0% | 11.9% | -148.2% | -32.3% | 43.3% | 44.2% | 43.2% | 41.5% | 38.9% | 37.7% | 35.5% | 35.0% | 33.9% | 33.0% | 30.5% | 25.1% | 22.1% | 20.7% | 25.1% | 26.7% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $1.55B | $1.43B | $1.34B | $1.38B | $891.45M | $745.35M | $974.85M | $897.93M | $773.75M | $666.16M | $555M | $403.17M | $301.15M | $251.18M | $251.35M | $264.4M | $241.68M | $299.83M | $287.09M | $249.25M | $228.21M | $204.56M |
| Other | $0 | $890.24M | $808.57M | $749.33M | $700.85M | $2.33B | $646.19M | $561.06M | $509.96M | $432.5M | $432.11M | $273.15M | $215.59M | $189.54M | $183.99M | $170.19M | $152.7M | $162.56M | $148M | $119.1M | $104.18M | $101.9M |
| Total Operating Expenses | $1.55B | $2.33B | $2.15B | $2.13B | $1.59B | $3.07B | $1.62B | $1.46B | $1.28B | $1.1B | $987.11M | $676.32M | $516.75M | $440.72M | $435.34M | $434.59M | $394.38M | $462.39M | $435.1M | $368.35M | $332.39M | $291.96M |
| Operating Income (EBIT) | $1.59B | $1.47B | $930.91M | -$1.55B | -$2.55B | -$3.48B | $1.18B | $1.22B | $1.05B | $925.46M | $702.49M | $502.94M | $395.89M | $357.09M | $316.11M | $230.24M | $171.37M | -$63.25M | $42.21M | $32.58M | $73.26M | $50.29M |
| Operating Margin | 16.2% | 15.5% | 10.9% | -32.0% | -393.9% | -272.2% | 18.2% | 20.1% | 19.4% | 19.0% | 16.2% | 16.1% | 15.4% | 15.7% | 14.2% | 11.4% | 9.2% | -3.0% | 1.9% | 1.6% | 4.5% | 3.8% |
| Interest Expense | $2.23B | $747.22M | $727.53M | $801.51M | $2.07B | $482.31M | $257.34M | $270.4M | $267.8M | $276.86M | $221.91M | $151.75M | $282.6M | $189.93M | $190.22M | $173.77M | $115.35M | $152.36M | $175.41M | $136.48M | $87.01M | $48.89M |
| Interest Income | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $38K | $100K | $836K | $2.8M | $1.38M | $3.39M | $4.8M | $1.43M |
| Other Income (Expense) | -$1.16B | -$693M | -$767.74M | -$724.95M | -$1.95B | -$515.91M | -$266.71M | -$249.75M | -$278.2M | -$285.16M | -$268.58M | -$162.61M | -$281.2M | -$188.54M | -$187.55M | -$33.95M | $10.37M | -$127.76M | -$97.72M | -$38.39M | $28.1M | -$26.05M |
| Income Before Tax (EBT) | $428.72M | $772.91M | $163.18M | -$2.28B | -$4.5B | -$4B | $911.37M | $969.31M | $770.61M | $640.3M | $433.91M | $340.33M | $114.69M | $168.56M | $126.86M | $196.29M | $181.75M | -$191.01M | -$55.5M | -$5.81M | $101.36M | $24.24M |
| Income Tax Expense | $5.47M | -$137.35M | -$3M | -$6.79M | $5.27M | $12.47M | -$18.86M | $14.47M | $10.74M | $7.22M | $6.77M | -$2.27M | $11.8M | $0 | $192.44M | $207.62M | $104.14M | $277.33M | $271.74M | $171.48M | $54.11M | $73.5M |
| Net Income | $423.25M | $910.26M | $166.18M | -$2.27B | -$4.51B | -$4.01B | $930.23M | $954.84M | $759.87M | $633.09M | $427.14M | $338.35M | $101.71M | $168.56M | $126.86M | $22.99M | $66.95M | -$211.8M | -$226.96M | -$130.9M | $16.23M | -$8.71M |
| Net Income Margin | 4.3% | 9.6% | 1.9% | -46.9% | -695.5% | -313.5% | 14.4% | 15.8% | 14.1% | 13.0% | 9.8% | 10.8% | 4.0% | 7.4% | 5.7% | 1.1% | 3.6% | -10.1% | -10.4% | -6.6% | 1.0% | -0.7% |
| Supplementary Data | ||||||||||||||||||||||
| EPS | 0.94 | 2.09 | 0.39 | -5.41 | -12.33 | -15.75 | 4.33 | 4.28 | 3.33 | 2.79 | 1.89 | 1.64 | 0.50 | 0.84 | 0.63 | 0.11 | 0.33 | -1.06 | -1.13 | -0.65 | 0.08 | -0.04 |
| Diluted EPS | 0.90 | 1.89 | 0.39 | -5.41 | -12.33 | -15.75 | 4.30 | 4.25 | 3.31 | 2.78 | 1.86 | 1.62 | 0.49 | 0.84 | 0.62 | 0.11 | 0.33 | -1.04 | -1.12 | -0.64 | 0.08 | -0.04 |
| Weighted Average OS | 455.26M | 435.28M | 424.42M | 419.77M | 365.45M | 254.73M | 214.93M | 223.00M | 229.42M | 227.73M | 229.64M | 208.86M | 207.58M | 179.32M | 200.47M | 200.47M | 200.47M | 200.47M | 200.47M | 200.47M | 200.47M | 200.47M |
| EBITDA | $3.82B | $2.49B | $1.77B | -$665.14M | -$1.67B | -$2.78B | $1.82B | $1.81B | $1.56B | $1.37B | $1.11B | $796.97M | $642.4M | $574.62M | $528.13M | $388.3M | $352.28M | $103.13M | $96.45M | $124.68M | $210.34M | $152.19M |
| EBITDA Margin | 38.9% | 26.3% | 20.7% | -13.7% | -257.7% | -217.1% | 28.1% | 29.8% | 29.0% | 28.0% | 25.5% | 25.5% | 25.0% | 25.2% | 23.8% | 19.3% | 19.0% | 4.9% | 4.4% | 6.3% | 13.0% | 11.4% |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 | 2005-12-31 | 2004-12-31 |
| Assets | ||||||||||||||||||||||
| Current Assets | ||||||||||||||||||||||
| Cash and Cash Equivalents | $209.89M | $190.76M | $402.42M | $946.99M | $1.51B | $3.3B | $252.88M | $163.85M | $176.19M | $128.35M | $115.94M | $84.82M | $56.47M | $45.5M | $58.93M | $55.05M | $50.15M | $185.72M | $40.29M | $63.53M | $60.42M | $172.42M |
| Short-Term Investments | $0 | $0 | $0 | $0 | $240M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $209.89M | $190.76M | $402.42M | $946.99M | $1.75B | $3.3B | $252.88M | $163.85M | $176.19M | $128.35M | $115.94M | $84.82M | $56.47M | $45.5M | $58.93M | $55.05M | $50.15M | $185.72M | $40.29M | $63.53M | $60.42M | $172.42M |
| Accounts Receivable | $291.66M | $221.41M | $280.27M | $326.27M | $1.17B | $20.58M | $75.11M | $55.25M | $43.96M | $63.22M | $45M | $32.43M | $18.26M | $15.06M | $8.16M | $7.88M | $7.87M | $6.05M | $8.41M | $15.28M | $11.69M | $10.81M |
| Inventory | $138.18M | $149.72M | $157.65M | $148.72M | $118.2M | $82.38M | $95.43M | $90.2M | $82.12M | $66.25M | $58.17M | $56.55M | $43.72M | $39.68M | $36.23M | $32.76M | $28.86M | $29.49M | $42M | $25.44M | $29.13M | $18.36M |
| Other Current Assets | $498.81M | $448.21M | $472.82M | $450.89M | $160.28M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $3.1M | $4M | $1.38M | $1.23M | $60.69M | $54.34M |
| Total Current Assets | $1.14B | $1.01B | $1.31B | $1.87B | $3.3B | $3.56B | $730.14M | $550.31M | $518.34M | $411.09M | $340.41M | $283.74M | $182.92M | $164.93M | $152.14M | $129.38M | $151.56M | $249.72M | $119.42M | $137.64M | $203.39M | $276.61M |
| Long-Term Assets | ||||||||||||||||||||||
| Property, Plant & Equipment Net | $19.07B | $16.81B | $16.43B | $14.52B | $13.53B | $13.41B | $13.37B | $12.12B | $11.04B | $10.12B | $9.46B | $8.62B | $5.65B | $4.96B | $4.64B | $4.64B | $3.84B | $4.12B | $4.24B | $3.82B | $3.11B | $2.52B |
| Goodwill | $135.76M | $135.76M | $98.13M | $98.13M | $98.13M | $98.13M | $1.39B | $1.39B | $1.39B | $1.39B | $1.39B | $1.39B | $403.81M | $15.06M | $8.16M | $7.88M | $0 | $0 | $400.25M | $400.25M | $400.25M | $392.6M |
| Intangible Assets | $500.52M | $500.52M | $500.52M | $500.52M | $500.52M | $500.52M | $827.77M | $846.26M | $872.43M | $908.09M | $929.59M | $999.42M | $0 | $0 | $0 | $0 | $7.87M | $6.05M | $202.54M | $202.54M | $218.54M | $218.54M |
| Long-Term Investments | $0 | $650K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $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 |
| Other Long-Term Assets | $1.7B | $1.51B | $1.15B | $1.57B | $1.3B | $831.89M | $365.81M | $301.21M | $274.69M | $148.11M | $147.03M | $173.13M | $209.05M | $202.03M | $167.38M | $192.06M | $220.87M | $75.41M | $67.61M | $72.9M | $281.62M | $82.13M |
| Total Long-Term Assets | $21.4B | $18.96B | $18.18B | $16.68B | $15.43B | $14.84B | $15.95B | $14.66B | $13.58B | $12.56B | $11.92B | $11.3B | $6.47B | $5.77B | $5.41B | $5.43B | $4.66B | $4.8B | $4.91B | $4.49B | $3.8B | $3.21B |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $22.54B | $19.97B | $19.49B | $18.56B | $18.73B | $18.4B | $16.68B | $15.21B | $14.09B | $12.97B | $12.26B | $11.58B | $6.65B | $5.94B | $5.56B | $5.56B | $4.81B | $5.05B | $5.03B | $4.63B | $4.01B | $3.48B |
| Liabilities | ||||||||||||||||||||||
| Current Liabilities | ||||||||||||||||||||||
| Accounts Payable | $169.66M | $171.11M | $174.34M | $228.74M | $233.17M | $83.14M | $100.78M | $159.56M | $53.43M | $38M | $51.37M | $101.98M | $86.79M | $79.13M | $80.33M | $64.4M | $28.38M | $70.41M | $88.72M | $116.95M | $73M | $69.88M |
| Short-Term Debt | $875.9M | $1.32B | $1.74B | $991.13M | $876.89M | $124.89M | $746.36M | $681.22M | $619.37M | $560.19M | $629.84M | $576.95M | $286.57M | $221.23M | $200.58M | $78.24M | $3.59M | $182.49M | $191.17M | $154.64M | $140.69M | $86.2M |
| Current Income Tax Payable | $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 | $3.2B | $3.11B | $3.06B | $2.52B | $1.56B | $1.11B | $1.95B | $1.59B | $1.3B | $1.17B | $1.02B | $817.21M | $411.83M | $353.79M | $325.47M | $216.5M | $206.64M | $488.27M | $202.79M | $181.82M | $137.63M | $113.47M |
| Other Current Liabilities | $0 | -$27.31M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $255.43M | $250.64M | $332.8M | $314.05M | $279.79M | $231.87M |
| Total Current Liabilities | $5.45B | $5.78B | $6.04B | $5.05B | $3.73B | $1.91B | $3.58B | $3.15B | $2.49B | $2.31B | $2.37B | $2.09B | $1.08B | $945.09M | $817.45M | $653.32M | $494.04M | $991.81M | $815.48M | $767.46M | $636.32M | $501.41M |
| Long-Term Liabilities | ||||||||||||||||||||||
| Long-Term Debt | $13.73B | $11.78B | $12.31B | $12.63B | $11.57B | $11.68B | $6.06B | $5.81B | $5.69B | $5.84B | $5.77B | $5.51B | $2.84B | $2.76B | $2.84B | $3.13B | $2.55B | $2.47B | $2.98B | $2.41B | $1.97B | $1.6B |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $1.15B | $198.12M | $839.34M | $803.85M | $997.05M | $450.07M | $529.29M | $281.6M | $166.69M | $284.87M | $349.66M | $360.51M | $103.01M | $210.43M | $63M | $52.68M | $58.65M | $31.52M | $4.8M | $1.74M | $2.63M | $5.73M |
| Total Long-Term Liabilities | $14.88B | $12.76B | $13.15B | $13.43B | $12.57B | $12.13B | $6.58B | $6.09B | $5.86B | $6.12B | $6.12B | $5.98B | $2.94B | $2.97B | $2.9B | $3.18B | $2.61B | $2.51B | $2.98B | $2.41B | $1.97B | $1.61B |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $20.33B | $18.54B | $19.19B | $18.49B | $16.3B | $14.05B | $10.17B | $9.24B | $8.35B | $8.44B | $8.48B | $8.06B | $4.02B | $3.92B | $3.72B | $3.83B | $3.11B | $3.5B | $3.8B | $3.17B | $2.6B | $2.11B |
| Stockholders' Equity | ||||||||||||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $455K | $440K | $425K | $421K | $417K | $316K | $237K | $235K | $233K | $232K | $232K | $228K | $205K | $25K | $25K | $25K | $25K | $24K | $12K | $12K | $12K | $12K |
| Retained Earnings | -$5.57B | -$5.99B | -$6.9B | -$7.07B | -$4.8B | -$295.45M | $3.83B | $2.9B | $1.96B | $1.2B | $568.02M | $140.88M | -$197.47M | -$299.19M | -$467.74M | -$603.46M | -$626.08M | -$693.31M | -$481.5M | -$254.54M | -$98.19M | -$117.35M |
| Comprehensive Income & Other | -$451.37M | -$507.04M | -$508.44M | -$477.08M | -$285.09M | -$240.12M | -$295.49M | -$161.65M | $26.97M | -$314.47M | -$412.65M | -$242.64M | -$16.69M | -$17.62M | -$19.79M | $4.31M | $2.3M | $137K | $1.3M | -$1.52M | -$243.1M | -$162.69M |
| Other Stockholders' Equity | $7.78B | $7.41B | $7.2B | $7.13B | $7.23B | $4.65B | $2.69B | $3.06B | $3.79B | $3.34B | $3.21B | $3.38B | $2.81B | $2.32B | $2.31B | $2.34B | $2.33B | $2.24B | $1.72B | $1.71B | $1.5B | $1.49B |
| Total Equity | $2.21B | $1.43B | $300.81M | $68.59M | $2.43B | $4.35B | $6.52B | $5.96B | $5.75B | $4.54B | $3.78B | $3.52B | $2.61B | $2.02B | $1.84B | $1.73B | $1.7B | $1.55B | $1.24B | $1.46B | $1.4B | $1.37B |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $22.36M | $8.47M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $22.54B | $19.97B | $19.49B | $18.56B | $18.73B | $18.4B | $16.68B | $15.21B | $14.09B | $12.97B | $12.26B | $11.58B | $6.63B | $5.94B | $5.56B | $5.56B | $4.81B | $5.05B | $5.03B | $4.63B | $4.01B | $3.48B |
| Supplementary Data | ||||||||||||||||||||||
| Total Debt | $14.61B | $13.92B | $14.06B | $13.62B | $12.45B | $11.81B | $6.8B | $6.49B | $6.31B | $6.4B | $6.4B | $6.08B | $3.13B | $2.99B | $3.04B | $3.2B | $2.56B | $2.66B | $3.17B | $2.56B | $2.11B | $1.69B |
| Net Debt | $14.4B | $13.73B | $13.66B | $12.67B | $10.94B | $8.51B | $6.55B | $6.33B | $6.13B | $6.27B | $6.28B | $6B | $3.07B | $2.94B | $2.98B | $3.15B | $2.51B | $2.47B | $3.13B | $2.5B | $2.05B | $1.52B |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 | FY 2005 | FY 2004 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 | 2005-12-31 | 2004-12-31 |
| Operating Activities | ||||||||||||||||||||||
| Net Income | $423.25M | $910.26M | $166.18M | -$2.27B | -$4.51B | -$4.01B | $930.23M | $954.84M | $759.87M | $633.09M | $427.14M | $342.6M | $102.89M | $168.56M | $126.86M | $22.62M | $67.23M | -$211.8M | -$226.96M | -$130.9M | $19.16M | -$8.71M |
| Depreciation & Amortization | $1.16B | $973.51M | $883.24M | $810.05M | $758.6M | $739.62M | $647.1M | $566.97M | $521.48M | $445.63M | $450.33M | $304.88M | $245.11M | $216.14M | $211.05M | $191.91M | $169.7M | $162.56M | $148M | $119.1M | $104.18M | $87.4M |
| Deferred Income Tax | $0 | $0 | $0 | -$1.24M | $78K | $12.77M | -$26.13M | $1.51M | $9.15M | -$2.45M | $1.27M | $6.19M | $2.84M | $4.3M | -$1.28M | $603K | $22.68M | $17.31M | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $88.39M | $91.78M | $118.94M | $113.56M | $124.08M | $111.3M | $95.06M | $115.98M | $87.04M | $66.41M | $42.21M | $14.62M | $23.07M | $5.16M | $1.21M | $2.52M | $4.08M | $865K | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | ||||||||||||||||||||||
| Accounts Receivable | -$73.77M | $49.3M | $39.65M | $828.66M | -$1.16B | $30.8M | -$14.1M | -$15.89M | $15.05M | -$20.98M | -$14.8M | -$7.26M | -$3.2M | -$4.59M | -$280K | -$11K | -$532K | $2.13M | $2.07M | $1.45M | -$885K | -$7.56M |
| Inventory | $11.02M | $6.95M | -$11.04M | -$33.61M | -$37.48M | $10.55M | -$6.16M | -$9.05M | -$17.13M | -$9.18M | -$4.41M | -$261K | -$4.03M | -$3.45M | -$3.47M | -$3.9M | $629K | $12.5M | -$8.61M | -$3.93M | -$10.78M | $23K |
| Accounts Payable | -$1.52M | -$20.21M | -$50.98M | -$16.2M | $152.03M | -$21.42M | -$58.63M | $106.39M | $14.05M | -$5.75M | -$50.73M | $315K | $7.66M | -$1.23M | $15.93M | $36.02M | -$42.04M | -$18.3M | -$28.23M | $43.94M | $3.13M | -$1.64M |
| Other Working Capital | $68.76M | $189.39M | $831.74M | $580.76M | $841.37M | -$1.1B | $244.05M | $348.04M | $187.19M | $110.03M | $202.13M | -$48.38M | $65.44M | $7.71M | $8.03M | $162.77M | -$142.28M | -$96.86M | $54.62M | $73.38M | $45.95M | $52.33M |
| Total Working Capital Change | $4.5M | $225.44M | $809.37M | $1.36B | -$204.09M | -$1.08B | $165.16M | $429.49M | $199.16M | $74.11M | $132.19M | -$55.58M | $65.87M | -$1.56M | $20.21M | $194.88M | -$184.22M | -$100.53M | $19.86M | $114.84M | $37.41M | $43.16M |
| Other Non-Cash Items | $411.5M | -$151.17M | $27.99M | $197.93M | $1.36B | $1.67B | $11.2M | $6.38M | $9.03M | $22.88M | -$9.42M | $22.9M | $35.5M | $6M | -$1.06M | $6.41M | -$28.74M | $108.3M | $95.43M | $44.47M | -$26.06M | $24.48M |
| Net Cash from Operating | $2.09B | $2.05B | $2.01B | $210.02M | -$2.47B | -$2.56B | $1.82B | $2.08B | $1.59B | $1.24B | $1.04B | $635.6M | $475.28M | $398.59M | $356.99M | $418.95M | $50.73M | -$23.3M | $36.33M | $147.5M | $134.69M | $146.33M |
| Investing Activities | ||||||||||||||||||||||
| Capital Expenditures | -$3.26B | -$1.21B | -$2.75B | -$1.78B | -$752.84M | -$946.54M | -$1.64B | -$1.57B | -$1.37B | -$1.09B | -$1.13B | -$1.05B | -$894.85M | -$303.84M | -$184.8M | -$977.47M | -$161.84M | -$163.61M | -$582.84M | -$809.4M | -$656.66M | -$740.84M |
| Acquisitions | $0 | -$27.32M | $0 | $0 | $0 | $0 | $0 | $0 | $499K | $0 | $0 | -$826.69M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$4.65M |
| Purchases of Investments | $0 | $0 | $0 | -$224.14M | -$1.03B | -$31.52M | -$47.09M | -$1.72M | -$35.69M | -$36.82M | -$83.52M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $240M | $770M | $0 | $289K | $64.8M | $2.35M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | -$5.08M | $8.89M | -$146.78M | $12.09M | $12.29M | $2.7M | $3.77M | $1.01M | $165K | -$36.82M | -$83.52M | -$5.33M | $0 | $0 | $0 | $8.53M | -$4.74M | -$2.63M | $1.26M | $53.16M | -$19.51M | $2.2M |
| Net Cash from Investing | -$3.26B | -$1.23B | -$2.9B | -$1.76B | -$1B | -$975.36M | -$1.68B | -$1.5B | -$1.4B | -$1.13B | -$1.21B | -$1.88B | -$894.85M | -$303.84M | -$184.8M | -$968.94M | -$166.57M | -$166.24M | -$581.58M | -$756.25M | -$676.17M | -$743.28M |
| Financing Activities | ||||||||||||||||||||||
| Debt Repaid | -$1.31B | $870.45M | -$564.71M | -$1.23B | -$488.25M | -$5.18B | -$315.56M | -$188.62M | $100.5M | -$9.9M | -$286.5M | -$1.42B | -$128.7M | $58.8M | $166.58M | -$645.88M | $128.04M | $401.1M | -$516.46M | -$409.82M | -$435.26M | -$585.12M |
| Common Stock Issuance | $144.96M | $0 | $5.31M | $5.27M | $2.67B | $1.55B | $31.94M | $28.82M | $30.03M | $9.17M | $69.98M | $5.86M | $475.93M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock Repurchases | -$23.83M | -$25.33M | -$26.86M | -$20.99M | -$16.69M | -$15.41M | -$370.8M | -$678.67M | $0 | -$50M | -$107.26M | -$82M | $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 |
| Other Financing Activities | -$238.13M | -$136.31M | -$196.3M | -$230.89M | -$1.46B | -$135.26M | -$30.09M | -$123.58M | -$62.54M | -$67.41M | -$17M | -$147.59M | -$55.38M | -$49.38M | -$1.73M | -$90.99M | $108.33M | $736.68M | $5.55M | $202.04M | -$5.78M | -$14.89M |
| Net Cash from Financing | $1.19B | -$1.03B | $346.86M | $986.22M | $1.68B | $6.58B | -$53.39M | -$584.8M | -$133M | -$98.34M | $195.19M | $1.19B | $430.54M | -$108.18M | -$168.31M | $554.89M | -$19.72M | $334.96M | $522.01M | $611.86M | $429.47M | $570.24M |
| Forex Effect | $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 | $19.13M | -$211.65M | -$544.57M | -$559.66M | -$1.79B | $3.05B | $89.03M | -$12.34M | $47.84M | $12.41M | $31.11M | $28.36M | $10.97M | -$13.43M | $3.88M | $4.89M | -$135.56M | $145.43M | -$23.24M | $3.11M | -$112.01M | -$26.72M |
| Supplementary Data | ||||||||||||||||||||||
| Operating Cash Flow | $2.09B | $2.05B | $2.01B | $210.02M | -$2.47B | -$2.56B | $1.82B | $2.08B | $1.59B | $1.24B | $1.04B | $635.6M | $475.28M | $398.59M | $356.99M | $418.95M | $50.73M | -$23.3M | $36.33M | $147.5M | $134.69M | $146.33M |
| Capital Expenditure | -$3.26B | -$1.21B | -$2.75B | -$1.78B | -$752.84M | -$946.54M | -$1.64B | -$1.57B | -$1.37B | -$1.09B | -$1.13B | -$1.05B | -$894.85M | -$303.84M | -$184.8M | -$977.47M | -$161.84M | -$163.61M | -$582.84M | -$809.4M | -$656.66M | -$740.84M |
| Free Cash Flow | -$1.17B | $838.87M | -$744.65M | -$1.57B | -$3.22B | -$3.5B | $185.44M | $508.38M | $213.53M | $147.57M | -$81.56M | -$416.37M | -$419.57M | $94.75M | $172.19M | -$558.52M | -$111.11M | -$186.9M | -$546.51M | -$661.9M | -$521.97M | -$594.51M |
| Cash at Beginning | $190.76M | $402.42M | $946.99M | $1.51B | $3.3B | $252.88M | $163.85M | $176.19M | $128.35M | $115.94M | $84.82M | $56.47M | $45.5M | $58.93M | $55.05M | $50.15M | $185.72M | $40.29M | $63.53M | $60.42M | $172.42M | $199.14M |
| Cash at End | $209.89M | $190.76M | $402.42M | $946.99M | $1.51B | $3.3B | $252.88M | $163.85M | $176.19M | $128.35M | $115.94M | $84.82M | $56.47M | $45.5M | $58.93M | $55.05M | $50.15M | $185.72M | $40.29M | $63.53M | $60.42M | $172.42M |