Polaris Inc. (PII)
Polaris Inc. is a global enterprise specializing in the design, engineering, production, and distribution of powersports vehicles. Its business is structured across three primary segments: Off-Road, On-Road, and Marine. The company's off-road lineup features all-terrain vehicles (ATVs), side-by-side utility vehicles, snowmobiles, and innovative snow bike conversion systems. This segment also produces low-emission, light-duty transport, passenger, and industrial vehicles. For paved roads, Polaris offers a selection of motorcycles, quadricycles, and moto-roadsters. Beyond the vehicles themselves, Polaris provides an extensive array of complementary accessories. For off-road vehicles, these include functional items like winches, plows, and tracks, as well as comfort and style elements such as cab systems, lighting, audio, and specialized wheels. Snowmobile owners can find covers, traction enhancers, electric starters, and various bags and windshields. Motorcycle enthusiasts have access to saddlebags, custom handlebars, exhaust systems, and decorative chrome. Furthermore, Polaris markets a full range of protective gear and apparel, encompassing helmets, jackets, gloves, and boots. Within its Marine division, the company manufactures both pontoon and deck boats. Polaris products are sold through a broad network of dealers and distributors, and directly via its online platforms. Aftermarket parts, apparel, and accessories are additionally available through its 101 physical retail centers, call centers, and e-commerce websites. Founded in 1954 as Polaris Industries Inc., the company's headquarters are located in Medina, Minnesota.
Sector: Miscellaneous Transportation Equipment
Industry: Auto - Recreational Vehicles
Polaris Inc.
NYSE:PIIConsumer Cyclical · Auto - Recreational Vehicles
-3.30%$54.82
AH Close$54.82+0.00%vs close
AH Close$54.82+0.00%vs close
Mkt Cap$3.12B
Float52.61M
O/S56.9M
Inst Own89.4%
SI9.3%
Div Yield4.94%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$7.15B
Net Income-$465.5M
Total Assets$4.89B
Free Cash Flow$558.1M
Debt & Equity
Debt 65%
Equity 35%
Total Debt$1.54B
Total Equity$828.4M
Shares Outstanding
Short Interest
Split History2 splits
- 2:1Forward splitSep 13, 20111 share → 2
- 2:1Forward splitMar 9, 20041 share → 2
Balance Sheet Details
Assets$4.89B
Liabilities$4.05B
Accounts Receivable$239.5M
Accounts Payable$762.5M
Inventory$1.41B
PP&E (Net)$1.15B
Goodwill$348.8M
Intangible Assets$451.2M
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Revenue | $7.15B | $7.18B | $8.93B | $8.59B | $7.44B | $7.03B | $6.78B | $6.08B | $5.43B | $4.52B | $4.72B | $4.48B | $3.78B | $3.21B | $2.66B | $1.99B | $1.57B | $1.95B | $1.78B | $1.66B | $1.87B | $1.77B | $1.61B | $1.52B | $1.51B | $1.43B | $1.32B | $1.18B | $1.05B | $1.19B | $1.11B | $826.3M | $528M | $383.8M | $297.7M | $296.1M | $242.6M | $171.5M | $44.6M |
| YoY Growth | -0.3% | -19.7% | 4.0% | 15.5% | 5.9% | 3.6% | 11.6% | 12.0% | 20.2% | -4.3% | 5.3% | 18.6% | 17.7% | 20.8% | 33.4% | 27.2% | -19.6% | 9.5% | 7.5% | -11.4% | 5.4% | 10.4% | 5.6% | 0.6% | 6.1% | 7.9% | 12.4% | 12.1% | -12.0% | 7.0% | 34.8% | 56.5% | 37.6% | 28.9% | 0.5% | 22.1% | 41.5% | 284.5% | - |
| Cost of Revenue | $5.83B | $5.77B | $7.03B | $6.68B | $5.74B | $5.4B | $5.21B | $4.65B | $4.02B | $3.41B | $3.38B | $3.16B | $2.66B | $2.28B | $1.92B | $1.46B | $1.17B | $1.5B | $1.39B | $1.3B | $1.46B | $1.35B | $1.25B | $1.19B | $1.17B | $1.05B | $953.5M | $861M | $752.6M | $925.8M | $862.9M | $624.4M | $371.5M | $251.9M | $188.1M | $183.8M | $147.8M | $103.4M | $30.3M |
| Gross Profit | $1.32B | $1.4B | $1.91B | $1.91B | $1.7B | $1.63B | $1.57B | $1.43B | $1.41B | $1.1B | $1.34B | $1.32B | $1.12B | $925.7M | $741.88M | $530.21M | $393.22M | $445.71M | $393.02M | $359.36M | $411.03M | $424.26M | $360.02M | $332.28M | $344.37M | $375.1M | $367.6M | $314.5M | $295.7M | $266.1M | $251M | $201.9M | $156.5M | $131.9M | $109.6M | $112.3M | $94.8M | $68.1M | $14.3M |
| Gross Margin | 18.5% | 19.6% | 21.3% | 22.2% | 22.8% | 23.1% | 23.2% | 23.4% | 25.9% | 24.4% | 28.3% | 29.6% | 29.7% | 28.8% | 27.9% | 26.6% | 25.1% | 22.9% | 22.1% | 21.7% | 22.0% | 23.9% | 22.4% | 21.8% | 22.8% | 26.3% | 27.8% | 26.8% | 28.2% | 22.3% | 22.5% | 24.4% | 29.6% | 34.4% | 36.8% | 37.9% | 39.1% | 39.7% | 32.1% |
| Research and Development | $371.9M | $336.9M | $374.3M | $366.7M | $328.7M | $295.6M | $292.94M | $259.68M | $238.3M | $185.13M | $166.46M | $148.46M | $139.19M | $127.36M | $105.63M | $84.94M | $63M | $77.47M | $73.59M | $73.89M | $70.98M | $60.7M | $51.76M | $45.55M | $35.71M | $32.36M | $31.3M | $28.4M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $981M | $846.6M | $902.5M | $787.5M | $710.2M | $817.7M | $877.52M | $661.18M | $624.1M | $453.68M | $452.03M | $517.7M | $449.67M | $353.43M | $309.12M | $241.41M | $182.32M | $206.64M | $188.68M | $164.47M | $173.68M | $183.96M | $165.12M | $148.44M | $178.85M | $173.95M | $183.4M | $149.8M | $169.4M | $138.1M | $126.5M | $81M | $77.4M | $55.6M | $43.9M | $52M | $43.3M | $25.9M | $8.6M |
| Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $105.02M | $145.71M | $195M | $73.72M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$38.64M | $0 | -$23.59M | -$14.64M | $0 | $47M | $39.3M | $36.2M | $33.2M | $30.6M | $22.8M | $23.7M | $25.9M | $17.3M | $13.8M | $12.6M | $11.5M | $11.7M | $2.5M |
| Total Operating Expenses | $1.35B | $1.18B | $1.28B | $1.15B | $1.04B | $1.11B | $1.17B | $1.03B | $1.01B | $833.8M | $692.21M | $666.15M | $588.87M | $480.79M | $414.75M | $326.35M | $245.32M | $284.11M | $262.27M | $238.36M | $206.02M | $244.66M | $193.3M | $179.35M | $214.56M | $253.31M | $254M | $214.4M | $202.6M | $168.7M | $149.3M | $104.7M | $103.3M | $72.9M | $57.7M | $64.6M | $54.8M | $37.6M | $11.1M |
| Operating Income (EBIT) | -$28.3M | $220.4M | $629.2M | $754M | $657.7M | $513.5M | $401.89M | $399.3M | $400.2M | $268.62M | $645.28M | $657.67M | $531.91M | $444.91M | $327.13M | $203.87M | $147.9M | $161.59M | $130.75M | $121M | $205.01M | $179.6M | $166.72M | $152.93M | $129.82M | $121.79M | $113.6M | $100.1M | $93.1M | $97.4M | $101.7M | $97.2M | $53.2M | $59M | $51.9M | $47.7M | $40M | $30.5M | $3.2M |
| Operating Margin | -0.4% | 3.1% | 7.0% | 8.8% | 8.8% | 7.3% | 5.9% | 6.6% | 7.4% | 5.9% | 13.7% | 14.7% | 14.1% | 13.9% | 12.3% | 10.2% | 9.4% | 8.3% | 7.3% | 7.3% | 11.0% | 10.1% | 10.4% | 10.1% | 8.6% | 8.5% | 8.6% | 8.5% | 8.9% | 8.2% | 9.1% | 11.8% | 10.1% | 15.4% | 17.4% | 16.1% | 16.5% | 17.8% | 7.2% |
| Interest Expense | $132.8M | $142.3M | $133.8M | $72.7M | $36.1M | $60.6M | $76.69M | $56.97M | $32.16M | $16.32M | $11.46M | $11.24M | $6.21M | $5.93M | $3.83M | $2.68M | $4.11M | $9.62M | $15.1M | $9.77M | $4.71M | $2.11M | $2.46M | $2.4M | $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 | $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) | -$504.4M | -$79.6M | -$8.8M | $7.4M | -$29M | -$372.1M | $5.91M | $29.95M | -$81.41M | $44.63M | $40.46M | $41.65M | $42.52M | $34.93M | $19.5M | $14.68M | $3.27M | $15.47M | $39.59M | $42.78M | -$6.15M | $24.6M | $10.79M | $1.24M | $9.74M | -$7.53M | $4.74M | -$51.8M | $9.1M | -$100K | -$2.9M | $43.8M | $100K | -$12M | -$19.7M | -$7.5M | -$15M | -$12.2M | $200K |
| Income Before Tax (EBT) | -$532.7M | $140.8M | $620.4M | $761.4M | $628.7M | $141.4M | $407.8M | $429.25M | $318.79M | $313.25M | $685.74M | $699.32M | $574.43M | $479.84M | $346.63M | $218.54M | $151.17M | $177.06M | $170.34M | $163.78M | $198.86M | $204.2M | $164.34M | $154.17M | $139.56M | $128.39M | $118.3M | $48.3M | $102.2M | $97.3M | $98.8M | $141M | $53.3M | $47M | $32.2M | $40.2M | $25M | $18.3M | $3.4M |
| Income Tax Expense | -$67.9M | $29.6M | $117.7M | $158M | $132.1M | $16.5M | $83.92M | $93.99M | $146.3M | $100.3M | $230.38M | $245.29M | $193.36M | $167.53M | $119.05M | $71.4M | $50.16M | $59.67M | $57.74M | $50.99M | $61.14M | $67.39M | $53.41M | $50.58M | $48.15M | $45.58M | $42M | $17.3M | $36.8M | $35M | $38M | $12M | $7.5M | $24.3M | $27M | $16.3M | $700K | $1M | $1.8M |
| Net Income | -$465.5M | $110.8M | $502.8M | $589.7M | $493.9M | $124.8M | $323.96M | $335.26M | $172.49M | $212.95M | $455.36M | $454.03M | $377.29M | $312.31M | $227.57M | $147.14M | $101.02M | $117.39M | $111.65M | $111.98M | $136.71M | $128.36M | $110.93M | $103.59M | $91.41M | $82.81M | $76.3M | $31M | $65.4M | $62.3M | $60.8M | $129M | $45.8M | $34.7M | $24.9M | $31.4M | $24.3M | $17.3M | $1.4M |
| Net Income Margin | -6.5% | 1.5% | 5.6% | 6.9% | 6.6% | 1.8% | 4.8% | 5.5% | 3.2% | 4.7% | 9.6% | 10.1% | 10.0% | 9.7% | 8.6% | 7.4% | 6.5% | 6.0% | 6.3% | 6.8% | 7.3% | 7.2% | 6.9% | 6.8% | 6.0% | 5.8% | 5.8% | 2.6% | 6.2% | 5.2% | 5.5% | 15.6% | 8.7% | 9.0% | 8.4% | 10.6% | 10.0% | 10.1% | 3.1% |
| Supplementary Data | |||||||||||||||||||||||||||||||||||||||
| EPS | -8.18 | 1.96 | 8.81 | 9.94 | 8.06 | 2.02 | 5.27 | 5.36 | 2.74 | 3.31 | 6.90 | 6.86 | 5.51 | 4.54 | 3.31 | 2.20 | 1.56 | 1.79 | 1.59 | 1.33 | 1.62 | 1.17 | 1.28 | 1.16 | 1.00 | 0.88 | 0.77 | 0.30 | 0.61 | 0.56 | 0.55 | 1.17 | 0.38 | 0.29 | 0.28 | 0.28 | 0.27 | 0.21 | 0.02 |
| Diluted EPS | -8.18 | 1.95 | 8.71 | 9.81 | 7.88 | 1.99 | 5.20 | 5.25 | 2.69 | 3.27 | 6.75 | 6.65 | 5.35 | 4.40 | 3.20 | 2.14 | 1.53 | 1.75 | 1.54 | 1.29 | 1.56 | 1.13 | 1.19 | 1.06 | 0.93 | 0.84 | 0.77 | 0.30 | 0.61 | 0.56 | 0.55 | 1.17 | 0.38 | 0.29 | 0.28 | 0.28 | 0.27 | 0.21 | 0.02 |
| Weighted Average OS | 56.90M | 56.50M | 57.10M | 59.30M | 61.30M | 61.90M | 61.44M | 62.50M | 62.92M | 64.30M | 66.02M | 66.17M | 68.53M | 68.85M | 68.79M | 66.90M | 64.80M | 65.54M | 70.47M | 80.65M | 84.26M | 84.70M | 85.93M | 89.65M | 91.86M | 94.17M | 98.93M | 103.33M | 106.78M | 111.44M | 111.17M | 110.54M | 121.94M | 86.98M | 89.73M | 97.14M | 90.00M | 84.39M | 70.00M |
| EBITDA | -$113.4M | $569.4M | $1.01B | $1.07B | $881.2M | $462.7M | $719M | $697.25M | $542.05M | $497.08M | $849.33M | $838.06M | $672.74M | $556.36M | $416.85M | $287.74M | $219.88M | $252.79M | $247.53M | $244.72M | $271.51M | $265.65M | $232.56M | $220.21M | $182.37M | $182.91M | $152.93M | $136.3M | $126.3M | $128M | $124.5M | $120.9M | $79.1M | $76.3M | $65.7M | $60.3M | $51.5M | $42.2M | $5.7M |
| EBITDA Margin | -1.6% | 7.9% | 11.3% | 12.4% | 11.8% | 6.6% | 10.6% | 11.5% | 10.0% | 11.0% | 18.0% | 18.7% | 17.8% | 17.3% | 15.7% | 14.5% | 14.0% | 13.0% | 13.9% | 14.8% | 14.5% | 15.0% | 14.5% | 14.5% | 12.1% | 12.8% | 11.6% | 11.6% | 12.0% | 10.7% | 11.2% | 14.6% | 15.0% | 19.9% | 22.1% | 20.4% | 21.2% | 24.6% | 12.8% |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Assets | |||||||||||||||||||||||||||||||||||||||
| Current Assets | |||||||||||||||||||||||||||||||||||||||
| Cash and Cash Equivalents | $138M | $287.8M | $367.8M | $324.5M | $502.3M | $634.7M | $157.1M | $161.16M | $138.34M | $127.33M | $155.35M | $137.6M | $92.25M | $417.01M | $325.34M | $393.93M | $140.24M | $27.13M | $63.28M | $19.57M | $19.68M | $138.47M | $82.76M | $81.19M | $40.53M | $2.37M | $6.2M | $1.5M | $1.2M | $5.8M | $3.5M | $62.9M | $33.8M | $19.1M | $20.1M | $32M | $27.9M | $15.6M | $1.1M |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $138M | $287.8M | $367.8M | $324.5M | $502.3M | $634.7M | $157.1M | $161.16M | $138.34M | $127.33M | $155.35M | $137.6M | $92.25M | $417.01M | $325.34M | $393.93M | $140.24M | $27.13M | $63.28M | $19.57M | $19.68M | $138.47M | $82.76M | $81.19M | $40.53M | $2.37M | $6.2M | $1.5M | $1.2M | $5.8M | $3.5M | $62.9M | $33.8M | $19.1M | $20.1M | $32M | $27.9M | $15.6M | $1.1M |
| Accounts Receivable | $239.5M | $207.4M | $315.4M | $363.3M | $231.9M | $261.1M | $222.9M | $233.56M | $229.75M | $225.49M | $196.95M | $207.57M | $198.43M | $135.5M | $140.03M | $89.29M | $90.41M | $103.12M | $82.88M | $63.81M | $78.35M | $71.17M | $50.57M | $51M | $56.12M | $56.13M | $53.3M | $43M | $42.6M | $36.2M | $40.4M | $29.7M | $21.3M | $16.9M | $10.5M | $9.2M | $10.5M | $5.5M | $3.4M |
| Inventory | $1.41B | $1.74B | $1.81B | $1.9B | $1.51B | $1.18B | $1.12B | $969.51M | $783.96M | $746.53M | $710M | $565.68M | $417.95M | $345M | $298.04M | $235.93M | $179.31M | $222.31M | $218.34M | $230.53M | $202.02M | $173.62M | $166.94M | $155.86M | $152.72M | $143.49M | $118.1M | $107.4M | $139.5M | $122.9M | $104.6M | $88.7M | $52.1M | $37.6M | $27M | $22.5M | $20.6M | $14M | $18M |
| Other Current Assets | $416.7M | $395.7M | $198M | $183.7M | $153.6M | $0 | $0 | $0 | $0 | $0 | $0 | $114.18M | $93.36M | $86.29M | $77.67M | $67.37M | $60.9M | $76.13M | $65.41M | $59.11M | $60.61M | $70.3M | $76.72M | $45.47M | $45.75M | $34M | $37.1M | $31.9M | $34.2M | $28.5M | $27.3M | $25.2M | $2.5M | $1.4M | $1.6M | $3.2M | $1.3M | $1.3M | $2.9M |
| Total Current Assets | $2.21B | $2.63B | $2.69B | $2.77B | $2.56B | $2.21B | $1.63B | $1.49B | $1.25B | $1.19B | $1.15B | $1.1B | $865.7M | $1.02B | $875.04M | $808.14M | $491.5M | $443.61M | $447.56M | $392.96M | $373.99M | $465.65M | $387.72M | $343.66M | $305.32M | $240.91M | $214.7M | $183.8M | $217.5M | $193.4M | $175.8M | $206.5M | $109.7M | $75M | $59.2M | $66.9M | $60.3M | $36.4M | $25.4M |
| Long-Term Assets | |||||||||||||||||||||||||||||||||||||||
| Property, Plant & Equipment Net | $1.15B | $1.31B | $1.35B | $1.13B | $1.02B | $1.01B | $1.01B | $843.12M | $747.19M | $727.6M | $650.68M | $555.43M | $455.17M | $253.37M | $213.78M | $184.01M | $194.42M | $215.64M | $204.35M | $204M | $222.34M | $200.9M | $171.74M | $169.6M | $170.32M | $167.86M | $150.9M | $124.3M | $98M | $93.5M | $78.5M | $53.7M | $39.7M | $33.4M | $30.6M | $18.6M | $16.5M | $13.4M | $14.1M |
| Goodwill | $348.8M | $393.5M | $394.4M | $386.2M | $391.3M | $397.3M | $659.9M | $647.08M | $433.37M | $421.56M | $131.01M | $123.03M | $126.7M | $56.32M | $44.67M | $28.35M | $25.87M | $24.69M | $26.45M | $25.04M | $25.04M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $451.2M | $542.7M | $512M | $524.4M | $543.9M | $686.4M | $830.3M | $870.52M | $347.21M | $371.42M | $105.1M | $100.94M | $103.01M | $50.89M | $33.05M | $2.96M | $0 | $0 | $44K | $132K | $220K | $27.98M | $27.64M | $27.78M | $27.2M | $24.56M | $22.1M | $23M | $23.5M | $24.4M | $25.2M | $26M | $31.1M | $26.5M | $27.3M | $28.1M | $60.8M | $68.3M | $76.6M |
| Long-Term Investments | $131.5M | $136.7M | $141.1M | $93.1M | $49.3M | $59.4M | $110.6M | $92.06M | $88.76M | $94.01M | $99.07M | $89.11M | $69.22M | $69.81M | $47.25M | $38.18M | $51.87M | $67.21M | $85.91M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $525.5M | $384.6M | $295.9M | $210.5M | $162.9M | $177.7M | $93.3M | $87.47M | $115.51M | $188.47M | $166.54M | $41.2M | $18.62M | $24.42M | $10.6M | $0 | $0 | $0 | $5.57M | $1.59M | $1.68M | $0 | $0 | $2.43M | $9.36M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $78.5M | $121.4M | $135.8M | $106.7M | $323.2M | $90.2M | $99.4M | $98.96M | $104.04M | $105.55M | $80.33M | $68.68M | $47.08M | $15.87M | $3.64M | $0 | $0 | $0 | $0 | $155.06M | $147.37M | $98.39M | $84.25M | $65.19M | $52.96M | $56.85M | $54.3M | $47.6M | $45.7M | $40.4M | $34.9M | $45M | $0 | $11.8M | $18.4M | $25.1M | $0 | $0 | $0 |
| Total Long-Term Assets | $2.69B | $2.89B | $2.82B | $2.45B | $2.49B | $2.43B | $2.8B | $2.64B | $1.84B | $1.91B | $1.23B | $978.38M | $819.79M | $470.69M | $352.99M | $253.5M | $272.15M | $307.54M | $322.32M | $385.83M | $396.64M | $327.27M | $283.64M | $264.99M | $259.85M | $249.27M | $227.3M | $194.9M | $167.2M | $158.3M | $138.6M | $124.7M | $70.8M | $71.7M | $76.3M | $71.8M | $77.3M | $81.7M | $90.7M |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $4.89B | $5.53B | $5.52B | $5.22B | $5.05B | $4.63B | $4.43B | $4.12B | $3.09B | $3.1B | $2.39B | $2.07B | $1.69B | $1.49B | $1.23B | $1.06B | $763.65M | $751.15M | $769.88M | $778.79M | $770.63M | $792.92M | $671.35M | $608.65M | $565.16M | $490.19M | $442M | $378.7M | $384.7M | $351.7M | $314.4M | $331.2M | $180.5M | $146.7M | $135.5M | $138.7M | $137.6M | $118.1M | $116.1M |
| Liabilities | |||||||||||||||||||||||||||||||||||||||
| Current Liabilities | |||||||||||||||||||||||||||||||||||||||
| Accounts Payable | $762.5M | $562.8M | $713.1M | $847.6M | $776M | $782.2M | $450.2M | $346.29M | $317.38M | $273.74M | $299.66M | $343.47M | $238.04M | $169.04M | $146.74M | $113.25M | $75.66M | $115.99M | $90.05M | $100.67M | $97.06M | $96.3M | $63.05M | $88.46M | $101.55M | $89.5M | $91.8M | $77.3M | $61M | $50.5M | $57.4M | $58.9M | $36.1M | $24.9M | $13.3M | $10.6M | $0 | $0 | $0 |
| Short-Term Debt | $34.8M | $434.3M | $54M | $553.6M | $553.3M | $142.1M | $166.7M | $66.54M | $47.75M | $3.85M | $5.06M | $0 | $0 | $0 | $0 | $100M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $40.2M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2M |
| Current Income Tax Payable | $0 | $7.6M | $13.6M | $6.5M | $17.1M | $22M | $5.9M | $4.54M | $10.74M | $2.11M | $6.74M | $11.34M | $9.25M | $4.97M | $639K | $2.6M | $6.7M | $3.37M | $4.81M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $1.45B | $145.9M | $212.7M | $212.3M | $107.8M | $356.2M | $320.7M | $289.68M | $291.85M | $241.49M | $162.96M | $155.48M | $196.32M | $191.86M | $209.7M | $256.02M | $162.97M | $175.9M | $177.75M | $8.3M | $14.82M | $56.19M | $32.11M | $20.43M | $15.87M | $148.89M | $142M | $127.7M | $130.1M | $110.9M | $98.3M | $102.6M | $62M | $44.2M | $39.3M | $36M | $38.9M | $20.7M | $15.6M |
| Total Current Liabilities | $2.24B | $2.29B | $1.93B | $2.33B | $2.23B | $1.89B | $1.53B | $1.2B | $1.13B | $959.75M | $826.78M | $850.81M | $748.07M | $631.03M | $586.33M | $584.21M | $343.07M | $404.83M | $388.25M | $361.42M | $375.61M | $405.19M | $330.48M | $313.51M | $308.34M | $238.38M | $233.8M | $205M | $191.1M | $161.4M | $195.9M | $161.5M | $98.1M | $69.1M | $52.6M | $46.6M | $38.9M | $20.7M | $17.6M |
| Long-Term Liabilities | |||||||||||||||||||||||||||||||||||||||
| Long-Term Debt | $1.5B | $1.64B | $1.85B | $1.5B | $1.24B | $1.29B | $1.51B | $1.88B | $846.91M | $1.12B | $436.76M | $200M | $280.5M | $100M | $100M | $100M | $200M | $200M | $200M | $250M | $18M | $18M | $18.01M | $18.03M | $18.04M | $47.07M | $40M | $20.5M | $24.4M | $35M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $6.1M | $2.7M | $4.6M | $5.5M | $4.4M | $4M | $6.49M | $10.13M | $9.13M | $13.73M | $18.19M | $25.03M | $2.04M | $0 | $937K | $11.05M | $4.18M | $0 | $0 | $5.68M | $8M | $3.49M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $306.1M | $194M | $189.5M | $192M | $267.2M | $193.2M | $185.6M | $158.01M | $152.23M | $125.62M | $107.25M | $121.05M | $92.44M | $60.64M | $37.03M | $5.51M | $4.99M | $5.1M | $8.65M | $0 | -$5.68M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$100K | $0 | $0 | $0 | -$100K | $0 | -$100K |
| Total Long-Term Liabilities | $1.81B | $1.94B | $2.16B | $1.79B | $1.59B | $1.6B | $1.79B | $2.06B | $1.03B | $1.27B | $577.4M | $362.86M | $401.81M | $166.97M | $141.63M | $106.45M | $216.04M | $209.29M | $208.65M | $250M | $18M | $26M | $21.5M | $18.03M | $18.04M | $47.07M | $40M | $20.5M | $24.4M | $35M | $0 | $0 | -$100K | $0 | $0 | $0 | -$100K | $0 | -$100K |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $4.05B | $4.23B | $4.1B | $4.12B | $3.82B | $3.49B | $3.32B | $3.26B | $2.16B | $2.23B | $1.4B | $1.21B | $1.15B | $798M | $727.97M | $690.66M | $559.11M | $614.12M | $596.9M | $611.42M | $393.61M | $431.19M | $351.97M | $331.54M | $326.38M | $285.45M | $273.8M | $225.5M | $215.5M | $196.4M | $195.9M | $161.5M | $98M | $69.1M | $52.6M | $46.6M | $38.8M | $20.7M | $17.5M |
| 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 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $600K | $600K | $600K | $600K | $600K | $600K | $600K | $609K | $631K | $631K | $653K | $663K | $656K | $686K | $684K | $685K | $326K | $325K | $342K | $355K | $417K | $427K | $434K | $223K | $229K | $235K | $200K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Retained Earnings | -$469M | $148.9M | $243.5M | $33.8M | $157.3M | $218.4M | $287.3M | $121.11M | $242.76M | $300.08M | $447.17M | $401.84M | $155.57M | $409.09M | $321.83M | $285.17M | $191.4M | $140.56M | $146.76M | $152.22M | $379.03M | $366.35M | $330.2M | $289.66M | $248.63M | $207.61M | $160.8M | $104.2M | $91.8M | $43.4M | -$2.5M | $53.3M | -$500K | -$500K | -$2.7M | -$7.9M | -$9.3M | -$3.1M | $2.5M |
| Comprehensive Income & Other | -$32.1M | -$125.5M | -$57.5M | -$87.5M | -$77.4M | -$58.4M | -$72.7M | -$62.97M | -$45.63M | -$83.84M | -$62.49M | -$27.24M | $18.76M | $12.24M | $12.02M | $5.9M | $2.82M | -$3.86M | $25.88M | $14.8M | -$2.43M | -$5.04M | -$11.26M | -$12.77M | -$10.08M | -$3.11M | -$1.8M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Stockholders' Equity | $1.3B | $1.14B | $1.17B | $1.06B | $1.07B | $925.5M | $820.1M | $745.01M | $688.26M | $566.33M | $533.65M | $458.76M | $379.38M | $280.75M | $177.54M | $85.14M | $12.82M | -$3.86M | $25.88M | $14.8M | -$2.43M | -$5.04M | -$11.26M | -$12.77M | -$10.08M | -$3.11M | $7.2M | $49M | $77.4M | $111.9M | $121M | $116.4M | $83M | $78.1M | $85.6M | $100M | $108.1M | $100.5M | $96.1M |
| Total Equity | $828.4M | $1.29B | $1.42B | $1.1B | $1.22B | $1.14B | $1.11B | $866.74M | $931.66M | $867.04M | $981.48M | $861.27M | $535.61M | $690.53M | $500.06M | $370.99M | $204.54M | $137.03M | $172.98M | $167.37M | $377.02M | $361.73M | $319.38M | $277.11M | $238.78M | $204.73M | $168.2M | $153.2M | $169.2M | $155.3M | $118.5M | $169.7M | $82.5M | $77.6M | $82.9M | $92.1M | $98.8M | $97.4M | $98.6M |
| Minority Interest | $11.2M | $4.2M | $2.4M | $2.5M | $2M | $300K | $200K | $279K | $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 |
| Total Liabilities and Equity | $4.88B | $5.52B | $5.51B | $5.22B | $5.05B | $4.63B | $4.43B | $4.12B | $3.09B | $3.1B | $2.39B | $2.07B | $1.69B | $1.49B | $1.23B | $1.06B | $763.65M | $751.15M | $769.88M | $778.79M | $770.63M | $792.92M | $671.35M | $608.65M | $565.16M | $490.19M | $442M | $378.7M | $384.7M | $351.7M | $314.4M | $331.2M | $180.5M | $146.7M | $135.5M | $138.7M | $137.6M | $118.1M | $116.1M |
| Supplementary Data | |||||||||||||||||||||||||||||||||||||||
| Total Debt | $1.54B | $2.2B | $2.05B | $2.17B | $1.89B | $1.58B | $1.81B | $1.96B | $913.01M | $1.14B | $461.48M | $226.15M | $287.62M | $107.18M | $107.25M | $200M | $200M | $200M | $200M | $250M | $18M | $18M | $18.01M | $18.03M | $18.04M | $47.07M | $40M | $20.5M | $24.4M | $35M | $40.2M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2M |
| Net Debt | $1.4B | $1.91B | $1.69B | $1.84B | $1.39B | $943M | $1.65B | $1.8B | $774.67M | $1.01B | $306.13M | $88.55M | $195.38M | -$309.84M | -$218.08M | -$193.93M | $59.76M | $172.87M | $136.72M | $230.43M | -$1.68M | -$120.47M | -$64.75M | -$63.17M | -$22.49M | $44.7M | $33.8M | $19M | $23.2M | $29.2M | $36.7M | -$62.9M | -$33.8M | -$19.1M | -$20.1M | -$32M | -$27.9M | -$15.6M | $900K |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Operating Activities | ||||||||||||||||||||||||||||||||||||
| Net Income | -$464.8M | $111.2M | $502.8M | $603.4M | $494.3M | $124.9M | $323.88M | $335.26M | $172.49M | $212.95M | $455.36M | $454.03M | $381.07M | $312.31M | $227.57M | $147.14M | $101.02M | $117.39M | $111.65M | $106.58M | $143.28M | $104.5M | $110.93M | $103.59M | $91.41M | $82.81M | $76.3M | $31M | $65.4M | $62.3M | $60.8M | $129M | $45.8M | $34.7M | $24.9M | $31.4M |
| Depreciation & Amortization | $286.5M | $286.3M | $258.9M | $232.8M | $216.4M | $260.7M | $234.51M | $211.04M | $191.11M | $167.51M | $152.14M | $127.51M | $92.1M | $70.58M | $66.39M | $66.52M | $64.59M | $66.11M | $62.09M | $71.16M | $67.94M | $59.34M | $54.78M | $57.53M | $52.55M | $47M | $39.3M | $36.2M | $33.2M | $30.6M | $22.8M | $23.7M | $25.9M | $17.3M | $13.8M | $12.6M |
| Deferred Income Tax | -$139.1M | -$86.7M | -$86.8M | -$48.9M | $15.2M | -$83.7M | -$9.48M | $23.44M | $73.61M | -$29.63M | -$51M | -$87.35M | -$34.51M | -$50.17M | -$16.95M | -$16.89M | $22.09M | -$966K | -$10.28M | $1.3M | $2.68M | -$1.46M | -$8.13M | $7.21M | -$9.72M | $1.62M | $3M | $5M | $0 | $0 | $10M | -$65M | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $59.9M | $49.2M | $57.4M | $62.9M | $60.6M | $65.3M | $74.96M | $63.97M | $50.05M | $57.93M | $61.93M | $63.18M | $57.89M | $35.42M | $20.55M | $18.05M | $10.23M | $18.56M | $19.76M | $13.4M | $12.4M | $16.48M | $16.21M | $16.21M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | ||||||||||||||||||||||||||||||||||||
| Accounts Receivable | -$34.1M | $103.4M | $49M | -$122.6M | -$200K | -$56.2M | $6.81M | $20.69M | -$17.06M | $2.03M | $48.8M | -$24.17M | -$54.05M | $2.41M | -$23.11M | $1.11M | $8.19M | -$15.71M | -$19.07M | $14.53M | -$7.18M | -$20.6M | $5.12M | $5.12M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $183.6M | $39.5M | $115.1M | -$391.1M | -$503.1M | -$44.9M | -$149.87M | -$149.7M | -$26.96M | $112M | -$148.72M | -$158.48M | -$52.05M | -$36.03M | -$49.97M | -$56.61M | $43M | -$3.97M | $12.19M | -$28.51M | -$28.4M | -$6.69M | -$26.98M | -$3.14M | -$9.23M | -$25.43M | -$10.6M | $32.1M | -$16.6M | -$18.3M | -$15.9M | -$36.7M | -$14.5M | -$10.5M | -$4.6M | -$1.9M |
| Accounts Payable | $196.7M | -$141.8M | -$143.8M | $71.7M | $27.1M | $326.6M | $103.77M | -$984K | $39.52M | -$62.69M | -$46.09M | $105.78M | $51.52M | $21.37M | $27.23M | $37.58M | -$40.33M | $25.94M | -$10.63M | $3.61M | $762K | $33.26M | -$13.09M | -$13.09M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | $206.2M | -$68.7M | $215.6M | $141.9M | -$71.5M | $63.3M | $97.79M | -$12.23M | $95.45M | $128.35M | -$9.57M | $61.29M | $54.76M | $63.94M | $55.13M | $105.04M | -$20.9M | -$26.7M | $51.81M | -$15.98M | $1.62M | $39.7M | $28.16M | $28.54M | $60.58M | $4.2M | $16.5M | $17.1M | $23.4M | $9.9M | -$3.7M | $54.1M | $22.1M | $5.2M | $300K | $8.1M |
| Total Working Capital Change | $552.4M | -$67.6M | $235.9M | -$300.1M | -$547.7M | $288.8M | $58.5M | -$142.23M | $90.94M | $179.68M | -$155.6M | -$15.57M | $172K | $51.7M | $9.27M | $87.12M | -$10.04M | -$20.45M | $34.31M | -$26.35M | -$33.19M | $45.67M | -$6.79M | $17.43M | $51.35M | -$21.23M | $5.9M | $49.2M | $6.8M | -$8.4M | -$19.6M | $17.4M | $7.6M | -$5.3M | -$4.3M | $6.2M |
| Other Non-Cash Items | $446.1M | -$24.2M | -$42.4M | -$41.5M | $54.9M | $362.6M | -$27.34M | -$14.36M | $1.77M | -$16.65M | -$22.6M | -$12.52M | -$4.48M | -$3.72M | -$4.31M | -$4.33M | $5.31M | -$4.9M | -$7.37M | -$20.47M | -$31.58M | $22.29M | -$11.24M | -$9.2M | $2.99M | -$2.53M | $9.6M | $0 | -$3.1M | $4.6M | -$2.4M | -$2.7M | $0 | $8.6M | $12.2M | $4.6M |
| Net Cash from Operating | $741M | $268.2M | $925.8M | $508.6M | $293.7M | $1.02B | $655.04M | $477.11M | $579.98M | $571.78M | $440.23M | $529.27M | $492.24M | $416.12M | $302.53M | $297.62M | $193.2M | $175.75M | $210.16M | $145.62M | $161.53M | $246.83M | $155.76M | $192.77M | $188.58M | $107.67M | $124.4M | $121.4M | $102.3M | $89.1M | $76.4M | $111.7M | $79.3M | $55.3M | $46.6M | $54.8M |
| Investing Activities | ||||||||||||||||||||||||||||||||||||
| Capital Expenditures | -$182.9M | -$261.7M | -$412.6M | -$306.6M | -$298.3M | -$213.9M | -$251.37M | -$225.41M | -$184.39M | -$209.14M | -$249.49M | -$205.08M | -$251.4M | -$103.08M | -$84.48M | -$55.72M | -$43.93M | -$76.58M | -$63.75M | -$52.64M | -$89.77M | -$88.84M | -$61.44M | -$56.58M | -$53.98M | -$63.06M | -$65.1M | -$61.5M | -$36.8M | -$44.9M | -$46.7M | -$32.5M | -$18.1M | -$12.3M | -$16M | -$7.2M |
| Acquisitions | $0 | $0 | -$22.7M | -$12.7M | -$5.6M | $63.2M | $12.09M | -$734.08M | $33.29M | -$700.12M | -$39.6M | -$41.7M | -$155.28M | -$59.97M | -$51.9M | -$4.74M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$726K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | -$85.5M | -$65.6M | -$37.2M | -$16.95M | -$13.4M | -$25.86M | -$20.24M | $0 | $0 | $0 | $0 | -$17.59M | -$9.17M | -$3.01M | -$9.21M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $85.5M | $81.1M | -$16.4M | $4.85M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $876K | $18.34M | $14.25M | $16.05M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $43.4M | -$9.2M | -$26.7M | -$5.3M | -$15.5M | $53.6M | $12.1M | $25.7M | $33.29M | $23.58M | $1.59M | -$13.69M | -$18.18M | -$59.97M | $11.95M | $9.17M | $3.01M | $0 | $84.18M | $21.58M | -$31.36M | -$8.41M | -$5.09M | -$3.03M | $1.22M | $3.83M | -$1.9M | $600K | -$2.6M | -$6.7M | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Investing | -$139.5M | -$270.9M | -$462M | -$324.6M | -$303.9M | -$150.7M | -$239.29M | -$959.49M | -$151.1M | -$909.26M | -$289.09M | -$246.78M | -$406.69M | -$163.05M | -$141.15M | -$42.12M | -$29.68M | -$69.73M | $20.43M | -$31.05M | -$121.13M | -$97.25M | -$66.53M | -$60.33M | -$52.77M | -$59.23M | -$67M | -$60.9M | -$39.4M | -$51.6M | -$46.7M | -$32.5M | -$18.1M | -$12.3M | -$16M | -$7.2M |
| Financing Activities | ||||||||||||||||||||||||||||||||||||
| Debt Repaid | $543.6M | -$165.8M | $158.2M | -$257.7M | -$351.3M | $246.2M | $270M | -$973.7M | $234.53M | -$679.38M | -$245.59M | $82.13M | -$179.18M | $5.04M | $102.33M | - | - | - | $50M | -$232M | - | $8K | $19K | $16K | $29.02M | -$7.07M | -$19.5M | $3.9M | $10.6M | $5.2M | -$40.2M | - | - | - | - | - |
| Common Stock Issuance | $3.7M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $11.73M | $9.17M | $20.05M | $11.82M | $12.13M | $9.9M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock Repurchases | -$2.4M | -$82.7M | -$178.6M | -$505M | -$461.6M | -$50.3M | -$8.38M | -$348.66M | -$90.46M | -$245.82M | -$293.62M | -$81.81M | -$530.03M | -$127.53M | -$132.37M | -$27.49M | -$4.56M | -$107.17M | -$103.1M | -$307.62M | -$132.28M | -$66.83M | -$73.13M | -$76.39M | -$49.21M | -$39.62M | -$52.41M | -$37.7M | -$39.9M | -$13.6M | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | -$150.3M | -$147.7M | -$147.3M | -$150M | -$153.4M | -$152.5M | -$149.1M | -$149.03M | -$145.42M | -$140.34M | -$139.28M | -$126.91M | -$113.72M | -$101.53M | -$61.59M | -$53.04M | -$50.18M | -$49.6M | -$47.74M | -$50.23M | -$46.96M | -$38.86M | -$26.66M | -$25.27M | -$22.85M | -$20.65M | -$19.7M | -$18.6M | -$17M | -$16.4M | -$129.3M | -$50.1M | -$46.5M | -$44M | -$42.6M | -$43.5M |
| Other Financing Activities | -$400K | $5.4M | $52.8M | $34.1M | $156.1M | $33.6M | $15.68M | $47.45M | $42.74M | $21.27M | $67.19M | $36.97M | $55.54M | $29.89M | $23.12M | $78.72M | $4.32M | $14.6M | $2.23M | $2M | $15.17M | -$0 | $0 | $0 | $3.42M | $947K | $12K | $0 | $0 | $0 | -$100K | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Financing | -$693M | -$59.2M | -$431.3M | -$363.2M | -$107.6M | -$415.4M | -$411.83M | $523.42M | -$427.68M | $314.49M | -$120.13M | -$222.57M | -$409.04M | -$162.52M | -$227.52M | -$1.81M | -$50.41M | -$142.17M | -$186.88M | -$114.68M | -$159.19M | -$93.87M | -$87.67M | -$91.78M | -$97.65M | -$52.26M | -$52.6M | -$60.2M | -$67.5M | -$35.2M | -$89.2M | -$50.1M | -$46.5M | -$44M | -$42.6M | -$43.5M |
| Forex Effect | $24.8M | -$18M | $10.7M | -$10.2M | -$10.6M | $8.7M | -$759K | -$9.53M | $9.82M | -$5.04M | -$13.27M | -$14.56M | -$1.29M | $1.13M | -$2.46M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$100K | $0 | $0 | $0 | $0 | -$79.2M | -$61.2M | -$43M | -$30.6M | -$47.6M |
| Net Change in Cash | -$66.7M | -$79.9M | $43.2M | -$189.4M | -$128.4M | $461.2M | $3.16M | $31.51M | $11.02M | -$28.02M | $17.75M | $45.35M | -$324.77M | $91.68M | -$68.59M | $253.69M | $113.11M | -$36.15M | $43.72M | -$109K | -$118.79M | $55.71M | $1.57M | $40.66M | $38.16M | -$3.81M | $4.7M | $300K | -$4.6M | $2.3M | -$59.5M | -$50.1M | -$46.5M | -$44M | -$42.6M | -$43.5M |
| Supplementary Data | ||||||||||||||||||||||||||||||||||||
| Operating Cash Flow | $741M | $268.2M | $925.8M | $508.6M | $293.7M | $1.02B | $655.04M | $477.11M | $579.98M | $571.78M | $440.23M | $529.27M | $492.24M | $416.12M | $302.53M | $297.62M | $193.2M | $175.75M | $210.16M | $145.62M | $161.53M | $246.83M | $155.76M | $192.77M | $188.58M | $107.67M | $124.4M | $121.4M | $102.3M | $89.1M | $76.4M | $111.7M | $79.3M | $55.3M | $46.6M | $54.8M |
| Capital Expenditure | -$182.9M | -$261.7M | -$412.6M | -$306.6M | -$298.3M | -$213.9M | -$251.37M | -$225.41M | -$184.39M | -$209.14M | -$249.49M | -$205.08M | -$251.4M | -$103.08M | -$84.48M | -$55.72M | -$43.93M | -$76.58M | -$63.75M | -$52.64M | -$89.77M | -$88.84M | -$61.44M | -$56.58M | -$53.98M | -$63.06M | -$65.1M | -$61.5M | -$36.8M | -$44.9M | -$46.7M | -$32.5M | -$18.1M | -$12.3M | -$16M | -$7.2M |
| Free Cash Flow | $558.1M | $6.5M | $513.2M | $202M | -$4.6M | $804.7M | $403.66M | $251.7M | $395.59M | $362.65M | $190.75M | $324.19M | $240.84M | $313.03M | $218.05M | $241.9M | $149.27M | $99.18M | $146.41M | $92.99M | $71.76M | $157.99M | $94.33M | $136.2M | $134.6M | $44.61M | $59.3M | $59.9M | $65.5M | $44.2M | $29.7M | $79.2M | $61.2M | $43M | $30.6M | $47.6M |
| Cash at Beginning | $303M | $382.9M | $339.7M | $529.1M | $657.5M | $196.3M | $193.13M | $161.62M | $127.33M | $155.35M | $137.6M | $92.25M | $417.01M | $325.34M | $393.93M | $140.24M | $27.13M | $63.28M | $19.57M | $19.68M | $138.47M | $82.76M | $81.19M | $40.53M | $2.37M | $6.18M | $1.5M | $1.2M | $5.8M | $3.5M | $62.9M | $33.8M | $19.1M | $20.1M | $32M | $27.9M |
| Cash at End | $236.3M | $303M | $382.9M | $339.7M | $529.1M | $657.5M | $196.29M | $193.13M | $138.34M | $127.33M | $155.35M | $137.6M | $92.25M | $417.01M | $325.34M | $393.93M | $140.24M | $27.13M | $63.28M | $19.57M | $19.68M | $138.47M | $82.76M | $81.19M | $40.53M | $2.37M | $6.2M | $1.5M | $1.2M | $5.8M | $3.4M | -$16.3M | -$27.4M | -$23.9M | -$10.6M | -$15.6M |