REPUBLIC SERVICES, INC. (RSG)
Republic Services, Inc., along with its subsidiaries, delivers comprehensive environmental services across the United States. The company specializes in the collection and processing of recyclable materials, alongside the gathering, transfer, and responsible disposal of non-hazardous solid waste, in addition to other environmental solutions. Its collection activities encompass curbside pickups, facilitating transport to transfer stations, landfills, or recycling facilities; the provision of waste and recycling containers; and compactor rentals. Beyond collection, Republic Services engages in the processing and sale of commodities such as old corrugated containers, newsprint, aluminum, and glass. The company also operates landfill and transfer services, manages the disposal of non-hazardous solid and liquid industrial waste, and provides on-site logistics and transportation. Serving a broad customer base, including residential, small-container, and large-container clients, Republic Services maintains a vast operational footprint. As of December 31, 2021, this included 356 collection operations, 239 transfer stations, 198 active landfills, 71 recycling processing centers, 6 saltwater disposal wells, 7 deep injection wells, and 3 treatment, recovery, and disposal facilities across 41 states. Furthermore, it oversees 77 landfill gas-to-energy and renewable energy projects and manages 124 closed landfills. The company, founded in 1996, is headquartered in Phoenix, Arizona.
Sector: Refuse Systems
Industry: Waste Management
Republic Services, Inc.
NYSE:RSGIndustrials · Waste Management
-0.60%$240.45
AH Close$240.45+0.00%vs close
AH Close$240.45+0.00%vs close
Mkt Cap$73.63B
Float83.99M
O/S306.21M
Inst Own58.5%
SI5.7%
Div Yield1.06%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$16.59B
Net Income$2.14B
Total Assets$34.37B
Free Cash Flow$2.41B
Debt & Equity
Debt 54%
Equity 46%
Total Debt$13.81B
Total Equity$11.97B
Shares Outstanding
Short Interest
Split History1 split
- 1.5:1Forward splitMar 19, 20071 share → 1.5
Balance Sheet Details
Assets$34.37B
Liabilities$22.4B
Accounts Receivable$2.17B
Accounts Payable$1.37B
Inventory$106M
PP&E (Net)$12.85B
Goodwill$16.71B
Intangible Assets$655M
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Revenue | $16.59B | $16.03B | $14.96B | $13.51B | $11.29B | $10.15B | $10.3B | $10.04B | $10.04B | $9.39B | $9.12B | $8.79B | $8.42B | $8.12B | $8.2B | $8.11B | $8.19B | $3.69B | $3.18B | $3.07B | $2.86B | $2.71B | $2.52B | $2.37B | $2.26B | $2.1B | $1.84B | $1.37B |
| YoY Growth | 3.5% | 7.1% | 10.8% | 19.6% | 11.2% | -1.4% | 2.6% | -0.0% | 7.0% | 3.0% | 3.7% | 4.4% | 3.7% | -1.0% | 1.1% | -1.0% | 122.4% | 16.0% | 3.4% | 7.2% | 5.8% | 7.6% | 6.5% | 4.8% | 7.3% | 14.4% | 34.3% | - |
| Cost of Revenue | $9.63B | $11.13B | $10.54B | $9.65B | $8.01B | $6.1B | $7.39B | $7.23B | $7.33B | $6.8B | $6.54B | $6.63B | $6.21B | $5.95B | $5.8B | $5.7B | $5.82B | $2.8B | $2.32B | $2.24B | $2.1B | $1.99B | $1.61B | $1.47B | $1.42B | $1.27B | $1.1B | $842.7M |
| Gross Profit | $6.96B | $4.9B | $4.42B | $3.87B | $3.29B | $4.05B | $2.91B | $2.81B | $2.72B | $2.59B | $2.57B | $2.16B | $2.21B | $2.16B | $2.4B | $2.41B | $2.37B | $884.5M | $857.9M | $834.9M | $764.2M | $720.6M | $912.4M | $892.2M | $835M | $832M | $737.4M | $526.4M |
| Gross Margin | 42.0% | 30.6% | 29.6% | 28.6% | 29.1% | 39.9% | 28.3% | 28.0% | 27.0% | 27.6% | 28.2% | 24.6% | 26.3% | 26.7% | 29.2% | 29.8% | 29.0% | 24.0% | 27.0% | 27.2% | 26.7% | 26.6% | 36.2% | 37.7% | 37.0% | 39.6% | 40.1% | 38.4% |
| 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 |
| Selling, General, and Administrative | $1.67B | $1.65B | $1.52B | $1.45B | $1.2B | $1.03B | $1.08B | $1.05B | $1.06B | $969.8M | $983.1M | $918.9M | $853.8M | $820.9M | $825.4M | $858M | $880.4M | $434.7M | $320.3M | $315M | $289.5M | $268.3M | $260.6M | $238.7M | $236.5M | $200.6M | $183.6M | $135.8M |
| Other | $1.97B | $27M | $57.7M | -$1.6M | $0 | $1.32B | $0 | $0 | $1.2M | $1.12B | $4.5M | $1.5M | $1.12B | $35.8M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $239.1M | $194M | $215.4M | $197.4M | $163.2M | $106.3M |
| Total Operating Expenses | $3.64B | $1.67B | $1.58B | $1.45B | $1.2B | $2.34B | $1.08B | $1.05B | $1.06B | $2.09B | $987.6M | $920.4M | $1.97B | $856.7M | $825.4M | $858M | $880.4M | $434.7M | $320.3M | $315M | $289.5M | $268.3M | $499.7M | $432.7M | $451.9M | $398M | $346.8M | $242.1M |
| Operating Income (EBIT) | $3.32B | $3.22B | $2.84B | $2.41B | $2.09B | $1.71B | $1.83B | $1.76B | $1.66B | $1.61B | $1.59B | $1.24B | $1.2B | $1.31B | $1.57B | $1.56B | $1.49B | $449.8M | $537.6M | $519.9M | $474.7M | $452.3M | $412.7M | $459.5M | $383.1M | $434M | $390.6M | $284.3M |
| Operating Margin | 20.0% | 20.1% | 19.0% | 17.9% | 18.5% | 16.8% | 17.8% | 17.6% | 16.5% | 17.2% | 17.4% | 14.1% | 14.3% | 16.1% | 19.2% | 19.2% | 18.2% | 12.2% | 16.9% | 16.9% | 16.6% | 16.7% | 16.4% | 19.4% | 17.0% | 20.6% | 21.2% | 20.8% |
| Interest Expense | $574M | $550M | $529.7M | $386.8M | $303.6M | $351.6M | $390.6M | $385.4M | $364M | $387.4M | $369.9M | $333.1M | $345.5M | $373M | $428.8M | $496.9M | $580.1M | $135.7M | $95.9M | $96.9M | $82.1M | $83.9M | $0 | $0 | $0 | $0 | $0 | $0 |
| Interest Income | $8M | $9M | $6.5M | $3.3M | $2.5M | $5.2M | $6.4M | $1.6M | $1M | $900K | $800K | $600K | $700K | $1M | $300K | $700K | $10.7M | $13.4M | $13.9M | $16.9M | $12.5M | $14.1M | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | -$728M | -$792M | -$651.8M | -$580.9M | -$518.2M | -$566.4M | -$538.4M | -$443M | -$376.2M | -$646.3M | -$391.4M | -$356M | -$348.9M | -$483.5M | -$664.6M | -$678.2M | -$628.7M | -$290.5M | -$69.5M | -$76.2M | -$65.5M | -$68.6M | -$65.3M | -$73M | -$173.8M | -$77.6M | -$64.1M | -$44.1M |
| Income Before Tax (EBT) | $2.59B | $2.43B | $2.19B | $1.83B | $1.58B | $1.14B | $1.3B | $1.32B | $1.28B | $965.9M | $1.2B | $885.3M | $851.2M | $823.9M | $906.3M | $877M | $865M | $159.3M | $468.1M | $443.7M | $409.2M | $383.7M | $347.4M | $386.5M | $209.3M | $356.4M | $326.5M | $240.2M |
| Income Tax Expense | $455M | $388M | $460.1M | $343.9M | $282.8M | $173.1M | $222M | $283.3M | $3.1M | $352.7M | $445.5M | $337.4M | $262.1M | $251.8M | $317.4M | $369.5M | $368.5M | $85.4M | $177.9M | $164.1M | $155.5M | $145.8M | $132M | $146.9M | $83.8M | $135.4M | $125.7M | $86.5M |
| Net Income | $2.14B | $2.04B | $1.73B | $1.49B | $1.29B | $967.2M | $1.07B | $1.04B | $1.28B | $612.6M | $749.9M | $547.6M | $588.9M | $571.8M | $589.2M | $506.5M | $495M | $73.8M | $290.2M | $279.6M | $253.7M | $237.9M | $177.6M | $239.6M | $125.5M | $221M | $200.8M | $153.7M |
| Net Income Margin | 12.9% | 12.7% | 11.6% | 11.0% | 11.4% | 9.5% | 10.4% | 10.3% | 12.7% | 6.5% | 8.2% | 6.2% | 7.0% | 7.0% | 7.2% | 6.2% | 6.0% | 2.0% | 9.1% | 9.1% | 8.9% | 8.8% | 7.1% | 10.1% | 5.6% | 10.5% | 10.9% | 11.2% |
| Supplementary Data | ||||||||||||||||||||||||||||
| EPS | 6.86 | 6.50 | 5.47 | 4.70 | 4.05 | 3.03 | 3.34 | 3.17 | 3.79 | 1.79 | 2.14 | 1.54 | 1.63 | 1.56 | 1.57 | 1.32 | 1.30 | 0.38 | 1.53 | 1.41 | 1.23 | 1.10 | 0.79 | 0.96 | 0.49 | 0.84 | 0.76 | 0.75 |
| Diluted EPS | 6.85 | 6.49 | 5.47 | 4.69 | 4.04 | 3.02 | 3.33 | 3.16 | 3.77 | 1.78 | 2.13 | 1.53 | 1.62 | 1.55 | 1.56 | 1.32 | 1.30 | 0.37 | 1.51 | 1.39 | 1.20 | 1.08 | 0.78 | 0.96 | 0.49 | 0.84 | 0.76 | 0.75 |
| Weighted Average OS | 311.90M | 314.40M | 316.45M | 316.53M | 318.81M | 319.28M | 321.10M | 326.90M | 337.10M | 343.00M | 350.00M | 356.70M | 362.10M | 366.90M | 376.00M | 383.00M | 379.70M | 196.70M | 190.10M | 198.20M | 207.00M | 217.30M | 224.80M | 250.05M | 256.65M | 262.50M | 263.55M | 204.03M |
| EBITDA | $5.1B | $4.77B | $4.32B | $3.66B | $3.15B | $2.65B | $2.81B | $2.82B | $2.76B | $2.42B | $2.62B | $2.2B | $2.15B | $2.12B | $2.26B | $2.29B | $2.31B | $649.1M | $869.5M | $836.6M | $770.1M | $727M | $651.8M | $659.1M | $598.5M | $631.4M | $553.8M | $390.6M |
| EBITDA Margin | 30.7% | 29.7% | 28.9% | 27.1% | 27.9% | 26.1% | 27.3% | 28.1% | 27.5% | 25.8% | 28.7% | 25.1% | 25.6% | 26.2% | 27.5% | 28.2% | 28.2% | 17.6% | 27.4% | 27.2% | 26.9% | 26.8% | 25.9% | 27.9% | 26.5% | 30.0% | 30.1% | 28.5% |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Assets | ||||||||||||||||||||||||||||
| Current Assets | ||||||||||||||||||||||||||||
| Cash and Cash Equivalents | $76M | $74M | $140M | $143.4M | $29M | $38.2M | $47.1M | $70.5M | $83.3M | $67.8M | $32.4M | $75.2M | $213.3M | $67.6M | $66.3M | $88.3M | $48M | $68.7M | $21.8M | $29.1M | $131.8M | $141.5M | $119.2M | $141.5M | $16.1M | $2M | $13.1M | $556.6M |
| 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 |
| Cash and Short-Term Investments | $76M | $74M | $140M | $143.4M | $29M | $38.2M | $47.1M | $70.5M | $83.3M | $67.8M | $32.4M | $75.2M | $213.3M | $67.6M | $66.3M | $88.3M | $48M | $68.7M | $21.8M | $29.1M | $131.8M | $141.5M | $119.2M | $141.5M | $16.1M | $2M | $13.1M | $556.6M |
| Accounts Receivable | $2.17B | $2.07B | $1.99B | $1.98B | $1.51B | $1.33B | $1.4B | $1.35B | $1.22B | $1.09B | $1.09B | $1.1B | $984.2M | $945.2M | $948.7M | $944.1M | $922.2M | $996.2M | $321.9M | $318.2M | $304.5M | $268.7M | $248.9M | $238.6M | $232.9M | $241.3M | $250.9M | $182.7M |
| Inventory | $106M | $98M | $98M | $96.6M | $72.2M | $59.1M | $56.8M | $53.1M | $51.2M | $44M | $38.8M | $35.9M | $37.8M | $34.5M | $35.2M | $31.3M | $33.7M | $37.1M | $12.3M | $17M | $16.4M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $41M | $9M | $11M | $5.5M | $3M | $6.7M | $11.6M | $4.5M | $6.4M | $5.5M | $4.5M | $123.5M | $127.6M | $129.6M | $162.1M | $126.5M | $201.7M | $165.1M | $38.1M | $11.6M | $11.6M | $9.9M | $5.8M | $9.2M | $6.6M | $162.5M | $68M | $44.7M |
| Total Current Assets | $2.52B | $2.41B | $2.38B | $2.36B | $1.71B | $1.52B | $1.61B | $1.56B | $1.44B | $1.28B | $1.23B | $1.39B | $1.42B | $1.23B | $1.27B | $1.25B | $1.26B | $1.33B | $413.8M | $393.4M | $482.3M | $496.5M | $556M | $452.3M | $324.8M | $405.8M | $332M | $784M |
| Long-Term Assets | ||||||||||||||||||||||||||||
| Property, Plant & Equipment Net | $12.85B | $12.11B | $11.59B | $11.02B | $9.49B | $8.95B | $8.63B | $8.02B | $7.78B | $7.59B | $7.55B | $7.17B | $7.04B | $6.91B | $6.79B | $6.7B | $6.66B | $6.74B | $2.16B | $2.16B | $2.12B | $2.01B | $1.93B | $1.91B | $1.77B | $1.67B | $1.61B | $1.1B |
| Goodwill | $16.71B | $15.98B | $15.83B | $14.45B | $12.83B | $12.05B | $11.63B | $11.4B | $11.32B | $11.16B | $11.15B | $10.83B | $10.72B | $10.69B | $10.65B | $10.66B | $10.67B | $10.52B | $1.56B | $1.56B | $1.56B | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $655M | $546M | $496M | $347.2M | $259.5M | $173.1M | $133.9M | $106.5M | $141.1M | $182.3M | $246.4M | $298.9M | $315.8M | $358.7M | $409.6M | $451.3M | $500M | $564.1M | $26.5M | $31M | $27M | $1.59B | $1.58B | $1.57B | $1.55B | $1.44B | $1.3B | $932M |
| Long-Term Investments | $815M | $637M | $469M | $281.4M | $127.6M | $145.4M | $87.8M | $73M | $27.2M | $24.8M | $10.1M | $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 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $811M | $722M | $641M | $596.6M | $543.7M | $602.3M | $595.6M | $452.9M | $449.1M | $386.2M | $350.8M | $407.9M | $450.6M | $426.6M | $436.9M | $410.7M | $450.6M | $771.9M | $307.5M | $278.3M | $362.1M | $366.4M | $484M | $276.9M | $205M | $52.9M | $53.5M | $0 |
| Total Long-Term Assets | $31.84B | $30B | $29.03B | $26.7B | $23.24B | $21.91B | $21.08B | $20.05B | $19.71B | $19.35B | $19.31B | $18.7B | $18.53B | $18.39B | $18.29B | $18.22B | $18.28B | $18.6B | $4.05B | $4.04B | $4.07B | $3.97B | $4B | $3.76B | $3.53B | $3.16B | $2.96B | $2.03B |
| 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 |
| Total Assets | $34.37B | $32.4B | $31.41B | $29.05B | $24.95B | $23.43B | $22.68B | $21.62B | $21.15B | $20.63B | $20.54B | $20.09B | $19.95B | $19.62B | $19.55B | $19.46B | $19.54B | $19.92B | $4.47B | $4.43B | $4.55B | $4.46B | $4.55B | $4.21B | $3.86B | $3.56B | $3.29B | $2.81B |
| Liabilities | ||||||||||||||||||||||||||||
| Current Liabilities | ||||||||||||||||||||||||||||
| Accounts Payable | $1.37B | $1.34B | $1.41B | $1.22B | $910M | $779M | $777.9M | $761.5M | $598.1M | $553.8M | $577.4M | $527.3M | $511.4M | $474.5M | $563.6M | $606.5M | $592.8M | $564M | $160.8M | $161.5M | $176.1M | $119.6M | $129.1M | $123.5M | $90.2M | $103.4M | $76.1M | $64.7M |
| Short-Term Debt | $596M | $862M | $932M | $456M | $8.2M | $168.1M | $929.9M | $690.7M | $706.7M | $5.8M | $5.5M | $10.4M | $15.7M | $19.4M | $34.8M | $878.5M | $543M | $504M | $2.3M | $2.6M | $3M | $2.4M | $231.1M | $2.8M | $33.6M | $56.5M | $57.2M | $499.9M |
| Current Income Tax Payable | $0 | $0 | $182.9M | $168.5M | $143.7M | $132.3M | $140.8M | $124.4M | $141.4M | $132.6M | $127M | $141.9M | $121.3M | $126.3M | $29.4M | $0 | $70M | $0 | $0 | $23.5M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $496M | $485M | $467M | $443M | $381.3M | $345.6M | $336M | $338.7M | $312.1M | $312.9M | $313.9M | $306.3M | $301.8M | $313.2M | $290.2M | $295.1M | $331.1M | $359.9M | $121.9M | $107M | $99.3M | $99.7M | $88.5M | $82.9M | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $431M | $409M | $393M | $353.3M | $349M | $316.1M | $341.1M | $309.2M | $303.1M | $307.5M | $331M | $346.5M | $330.8M | $347.2M | $298.6M | $263.1M | $169.6M | $796.8M | $76.5M | $142.9M | $222.9M | $89.6M | $104.7M | $73.7M | $262.6M | $221.9M | $252M | $219.2M |
| Total Current Liabilities | $3.93B | $4.13B | $4.23B | $3.39B | $2.42B | $2.28B | $3.04B | $2.72B | $2.63B | $1.81B | $1.83B | $1.83B | $1.72B | $1.7B | $1.9B | $2.68B | $2.55B | $2.57B | $628.7M | $602.2M | $667M | $446.6M | $672M | $392.2M | $386.4M | $381.8M | $385.3M | $783.8M |
| Long-Term Liabilities | ||||||||||||||||||||||||||||
| Long-Term Debt | $12.98B | $11.85B | $11.89B | $11.33B | $9.55B | $8.77B | $7.76B | $7.65B | $7.48B | $7.65B | $7.53B | $7.05B | $7B | $7.05B | $6.89B | $5.87B | $6.42B | $7.2B | $1.57B | $1.54B | $1.47B | $1.35B | $1.29B | $1.44B | $1.33B | $1.2B | $1.15B | $557.2M |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $31.4M | $0 | $15.7M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $1.88B | $1.59B | $1.53B | $1.53B | $1.23B | $1.24B | $1.18B | $1.03B | $796.4M | $1.21B | $1.13B | $1.15B | $1.19B | $1.23B | $1.16B | $1.04B | $1.04B | $1.24B | $489.4M | $419.7M | $390M | $406.5M | $353.5M | $195M | $118.7M | $126.6M | $94.4M | $71.4M |
| Other Long-Term Liabilities | $3.42B | $3.23B | $3.03B | $2.88B | $2.54B | $2.45B | $2.35B | $2.29B | $2.27B | $2.26B | $2.27B | $2.32B | $2.14B | $1.93B | $1.89B | $2.03B | $1.95B | $1.63B | $480.4M | $440.8M | $415.6M | $387.1M | $334.9M | $301.5M | $261.2M | $178M | $153.8M | $100.6M |
| Total Long-Term Liabilities | $18.47B | $16.87B | $16.64B | $15.98B | $13.56B | $12.66B | $11.5B | $10.97B | $10.55B | $11.12B | $10.92B | $10.52B | $10.33B | $10.22B | $9.97B | $8.94B | $9.42B | $10.07B | $2.54B | $2.41B | $2.28B | $2.15B | $1.98B | $1.94B | $1.71B | $1.5B | $1.4B | $729.2M |
| 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 |
| Total Liabilities | $22.4B | $21B | $20.87B | $19.37B | $15.98B | $14.95B | $14.56B | $13.69B | $13.19B | $12.94B | $12.76B | $12.35B | $12.04B | $11.91B | $11.87B | $11.61B | $11.97B | $12.64B | $3.16B | $3.01B | $2.94B | $2.59B | $2.65B | $2.33B | $2.1B | $1.89B | $1.79B | $1.51B |
| Stockholders' Equity | ||||||||||||||||||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $200K | $400K | $0 | $0 | $0 | $0 | $0 | $0 | $100K | $0 | $100K | $0 | $100K | $1.2M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $3M | $3M | $3M | $3.2M | $3.2M | $3.2M | $3.5M | $3.5M | $3.5M | $3.5M | $3.5M | $4.1M | $4.1M | $4.1M | $4M | $4M | $4M | $3.9M | $2M | $1.9M | $1.9M | $1.9M | $1.8M | $1.8M | $1.8M | $1.8M | $1.8M | $0 |
| Retained Earnings | $11.16B | $9.77B | $8.43B | $7.36B | $6.48B | $5.75B | $5.32B | $4.75B | $4.15B | $3.32B | $3.14B | $2.79B | $2.63B | $2.4B | $2.16B | $1.89B | $1.68B | $1.48B | $1.57B | $1.6B | $1.4B | $1.22B | $1.04B | $880.7M | $641.1M | $515.6M | $294.6M | $93.8M |
| Comprehensive Income & Other | -$29M | -$26M | -$12M | -$12.1M | -$14.6M | -$12.4M | $2.2M | $30.8M | $22.6M | $14.2M | -$30.5M | -$28.9M | $3M | -$5.8M | -$21.5M | $21.9M | $19M | -$3.1M | $9.1M | $900K | $800K | -$1M | -$100K | $0 | -$1.6M | $0 | $0 | $0 |
| Other Stockholders' Equity | $804M | $1.63B | $2.1B | $2.33B | $2.5B | $2.73B | $2.8B | $3.17B | $3.8B | $4.36B | $4.63B | $4.95B | $5.27B | $5.3B | $5.51B | $5.95B | $5.88B | $5.8B | -$270.5M | -$182.4M | $201.1M | $648M | $863.4M | $998.6M | $1.11B | $1.16B | $1.21B | $1.21B |
| Total Equity | $11.97B | $11.4B | $10.54B | $9.69B | $8.98B | $8.48B | $8.12B | $7.93B | $7.96B | $7.69B | $7.77B | $7.75B | $7.9B | $7.7B | $7.68B | $7.85B | $7.56B | $7.28B | $1.3B | $1.42B | $1.61B | $1.87B | $1.9B | $1.88B | $1.76B | $1.67B | $1.5B | $1.3B |
| Minority Interest | $1M | $2M | $1M | $800K | $800K | $4.9M | $2.7M | $2.4M | $2.3M | $2.4M | $2.5M | $2.5M | $2.6M | $2.4M | $2.1M | $2.4M | $2.6M | $1.1M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $34.37B | $32.4B | $31.41B | $29.05B | $24.95B | $23.43B | $22.68B | $21.61B | $21.14B | $20.63B | $20.53B | $20.09B | $19.95B | $19.61B | $19.55B | $19.46B | $19.54B | $19.92B | $4.47B | $4.43B | $4.55B | $4.46B | $4.55B | $4.21B | $3.86B | $3.56B | $3.29B | $2.81B |
| Supplementary Data | ||||||||||||||||||||||||||||
| Total Debt | $13.81B | $12.96B | $13.07B | $12.08B | $9.83B | $9.17B | $8.95B | $8.34B | $8.19B | $7.66B | $7.53B | $7.06B | $7.02B | $7.07B | $6.92B | $6.74B | $6.96B | $7.7B | $1.57B | $1.55B | $1.48B | $1.35B | $1.52B | $1.44B | $1.37B | $1.26B | $1.21B | $1.06B |
| Net Debt | $13.73B | $12.88B | $12.93B | $11.94B | $9.8B | $9.14B | $8.91B | $8.27B | $8.1B | $7.59B | $7.5B | $6.99B | $6.8B | $7B | $6.86B | $6.66B | $6.91B | $7.63B | $1.55B | $1.52B | $1.34B | $1.21B | $1.4B | $1.3B | $1.35B | $1.25B | $1.2B | $500.5M |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Operating Activities | ||||||||||||||||||||||||||||
| Net Income | $2.14B | $2.04B | $1.73B | $1.49B | $1.29B | $969.6M | $1.07B | $1.04B | $1.28B | $613.2M | $750.4M | $547.9M | $589.1M | $572.1M | $588.9M | $507.5M | $496.5M | $73.8M | $290.2M | $279.6M | $253.7M | $237.9M | $177.6M | $239.6M | $125.5M | $221M | $200.8M | $153.7M |
| Depreciation & Amortization | $1.93B | $1.78B | $1.6B | $1.44B | $1.27B | $1.16B | $1.12B | $1.11B | $1.12B | $1.07B | $1.05B | $984.9M | $954M | $926.9M | $921.6M | $914.2M | $869.7M | $354.1M | $305.5M | $296M | $278.8M | $259.4M | $239.1M | $199.6M | $153.9M | $197.4M | $163.2M | $106.3M |
| Deferred Income Tax | $269M | $87M | $101.7M | $181.1M | -$15.5M | $60.8M | $166.1M | $152.1M | -$379M | $47.2M | $116.7M | -$9M | -$38.5M | $83.9M | $334.8M | $61.3M | -$24.6M | -$30.4M | $27.8M | $29.9M | $27.5M | $57.6M | $178.9M | $73.1M | -$10.7M | $29.8M | $41.9M | $19.2M |
| Stock-Based Compensation | $0 | $42M | $40.9M | $38.8M | $57M | $37.3M | $39.5M | $39M | $34.6M | $23.2M | $18.9M | $17.4M | $19.2M | $21.2M | $20.6M | $24.5M | $15M | $10M | $0 | $4.9M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | ||||||||||||||||||||||||||||
| Accounts Receivable | -$87M | -$76M | -$71.3M | -$198.8M | -$135.4M | $13.8M | -$38.3M | -$29.6M | -$118.9M | -$52.3M | -$15.7M | -$54.3M | -$61.6M | -$37.2M | -$16M | $8.8M | $53.1M | $21.1M | $0 | -$22M | -$17.7M | -$27.5M | -$21.8M | $0 | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $6.5M | -$109.7M | -$152.5M | -$36.4M | -$1.1M | -$8.7M | -$41.3M | -$25.9M | -$13.9M | -$5.1M | -$76.6M | $39.6M | $15.8M | $0 | -$115.6M | $272.2M | $39.3M | $67.9M | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | -$14M | -$27M | $82.8M | $106.4M | $113.8M | -$46.7M | $6.4M | $85.9M | $21.7M | -$9.8M | $35.6M | $3.3M | $37.9M | -$49.6M | $11.9M | -$34.9M | -$121M | -$198.2M | $0 | $4M | $83.8M | $15.3M | $9M | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | -$258M | -$157M | $13.6M | -$19.3M | $44.3M | $18.6M | $51.9M | $25.3M | $38.8M | $34.7M | -$6M | -$43.3M | $16.9M | -$55.3M | -$394.1M | -$258.2M | -$223.6M | $82.5M | $10.1M | $13.9M | -$184.7M | $49.9M | -$116M | $47M | -$20.5M | -$6.2M | -$94.5M | -$8.1M |
| Total Working Capital Change | -$359M | -$260M | $25.1M | -$111.7M | $22.7M | -$7.8M | -$89.7M | -$70.9M | -$94.8M | -$28.5M | $5.2M | -$135.6M | -$32.7M | -$156M | -$403.3M | -$360.9M | -$251.9M | -$78.8M | $10.1M | -$119.7M | $153.6M | $77M | -$60.9M | $47M | -$20.5M | -$6.2M | -$94.5M | -$8.1M |
| Other Non-Cash Items | $319M | $239M | $119.4M | $153M | $162M | $252.9M | $40M | -$29.1M | -$45.2M | $122.5M | -$261.5M | $128.9M | $57.1M | $65.7M | $304.1M | $287.1M | $291.8M | $183.5M | $27.7M | $31.4M | $53.9M | $34.4M | $65.8M | $10.4M | $132.3M | $19.8M | $12.4M | $0 |
| Net Cash from Operating | $4.3B | $3.94B | $3.62B | $3.19B | $2.79B | $2.47B | $2.35B | $2.24B | $1.91B | $1.85B | $1.68B | $1.53B | $1.55B | $1.51B | $1.77B | $1.43B | $1.4B | $512.2M | $661.3M | $522.1M | $767.5M | $666.3M | $600.5M | $569.7M | $459.2M | $461.8M | $323.8M | $271.1M |
| Investing Activities | ||||||||||||||||||||||||||||
| Capital Expenditures | -$1.89B | -$1.85B | -$1.63B | -$1.45B | -$1.32B | -$1.19B | -$1.21B | -$1.07B | -$989.8M | -$927.8M | -$945.6M | -$862.5M | -$880.8M | -$903.5M | -$936.5M | -$794.7M | -$826.3M | -$386.9M | -$292.5M | -$337.6M | -$328.7M | -$283.8M | -$273.2M | -$258.6M | -$249.3M | -$208M | -$1.03B | -$618.2M |
| Acquisitions | -$1.43B | -$751M | -$2.06B | -$2.99B | -$1.18B | -$736.6M | -$532.3M | -$188.1M | -$350M | -$47.4M | -$572.7M | -$195.7M | -$66M | -$85.7M | -$28.4M | $1.1M | -$100K | -$550.5M | $37.7M | $2.2M | -$26.7M | -$47.3M | -$48.3M | -$55.8M | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | -$26M | -$28.9M | -$19.6M | -$30.8M | -$32.9M | -$14.7M | -$38.2M | -$47.7M | $0 | $0 | $0 | $0 | $0 | $0 | $37.4M | $31.8M | $0 | $0 | $0 | $10.1M | $5.7M | -$182.4M | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $24M | $0 | $19.7M | $37.9M | $11.2M | $13.5M | $37.7M | $0 | $5.2M | $15.3M | $0 | $0 | $0 | $0 | $66.3M | $41.6M | $0 | $0 | $0 | $38.7M | $143.8M | $9.1M | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $4M | $47M | $52.1M | $18.8M | $18.5M | $30.1M | $21.6M | $31.3M | -$43.6M | $14M | $35.5M | $98.4M | $13M | $51.6M | $14.7M | -$600K | $510.5M | $2.7M | -$5.5M | $120M | $9.4M | -$25.1M | -$57.6M | -$1.9M | -$232.5M | -$257M | -$26.3M | $10.8M |
| Net Cash from Investing | -$3.31B | -$2.56B | -$3.67B | -$4.42B | -$2.47B | -$1.92B | -$1.72B | -$1.23B | -$1.38B | -$961.2M | -$1.48B | -$959.8M | -$933.8M | -$937.6M | -$950.2M | -$690.5M | -$242.5M | -$934.7M | -$260.3M | -$215.4M | -$297.2M | -$206.7M | -$552.4M | -$316.3M | -$481.8M | -$465M | -$1.05B | -$607.4M |
| Financing Activities | ||||||||||||||||||||||||||||
| Debt Repaid | -$692M | $200M | -$982M | -$2.16B | -$542.1M | -$120.2M | -$309.7M | -$128.7M | -$509.8M | -$93.7M | -$500.6M | $15.1M | $58.9M | -$50.8M | -$36.8M | $397.4M | $927.5M | -$712.8M | -$11.1M | -$72M | -$103.2M | $163.4M | -$83.7M | $7.9M | $364.5M | -$43M | -$150.3M | -$928.8M |
| Common Stock Issuance | -$5M | -$14M | -$1.2M | -$13.6M | -$12M | $3.9M | $9.3M | $23.2M | $36.9M | $49.7M | $65.9M | $88.6M | $150.8M | $70.4M | $40.7M | $86.5M | $39.6M | $24.6M | $31.3M | $75.3M | $75M | $38.2M | $49.1M | $29.9M | $53M | $900K | $0 | $1.43B |
| Common Stock Repurchases | -$870M | -$482M | -$261.8M | -$203.5M | -$252.2M | -$98.8M | -$399.4M | -$736.9M | -$610.7M | -$403.8M | -$404.7M | -$400.6M | -$214.1M | -$325.6M | -$460.7M | -$43.1M | -$1M | -$138.4M | -$362.8M | -$492M | -$558.4M | -$266.1M | -$184.2M | -$150M | -$99.2M | -$50.9M | $0 | $0 |
| Dividends Paid | -$738M | -$687M | -$638.1M | -$592.9M | -$552.6M | -$522.5M | -$491.2M | -$461.8M | -$440.5M | -$418.9M | -$399.3M | -$378.6M | -$348.5M | -$329.1M | -$309.4M | -$294.6M | -$288.3M | -$128.3M | -$93.9M | -$78.5M | -$72.2M | -$46M | -$19M | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | -$17M | -$15M | -$20.8M | -$10.4M | -$54.5M | -$110.9M | -$8.1M | $10.5M | $29.6M | -$122.2M | $63.7M | -$7.1M | $2.1M | -$41.4M | -$145.9M | -$28.1M | $2.5M | $2.7M | $6M | $13.8M | $0 | $0 | $0 | $0 | $447.4M | -$900K | $36.1M | -$1.47B |
| Net Cash from Financing | -$938M | -$1.4B | $61.9M | $1.34B | -$329.2M | -$612M | -$589M | -$1.06B | -$511.8M | -$851.2M | -$239.7M | -$712.8M | -$468.6M | -$574.9M | -$838.5M | -$702.9M | -$1.17B | $469.4M | -$408.3M | -$409.4M | -$480M | -$437.3M | -$70.4M | -$128M | $36.7M | -$7.9M | $186.4M | $892.9M |
| Forex Effect | $1M | -$2M | $300K | -$2.5M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $336.3M |
| Net Change in Cash | $46M | -$25M | $13.2M | $108.7M | -$8.6M | -$63.2M | $44.1M | -$45.8M | $15.5M | $35.4M | -$42.8M | -$138.1M | $145.7M | $1.3M | -$22M | $40.3M | -$20.7M | $46.9M | -$7.3M | -$102.7M | -$9.7M | $22.3M | -$22.3M | $125.4M | $14.1M | -$11.1M | -$543.5M | $892.9M |
| Supplementary Data | ||||||||||||||||||||||||||||
| Operating Cash Flow | $4.3B | $3.94B | $3.62B | $3.19B | $2.79B | $2.47B | $2.35B | $2.24B | $1.91B | $1.85B | $1.68B | $1.53B | $1.55B | $1.51B | $1.77B | $1.43B | $1.4B | $512.2M | $661.3M | $522.1M | $767.5M | $666.3M | $600.5M | $569.7M | $459.2M | $461.8M | $323.8M | $271.1M |
| Capital Expenditure | -$1.89B | -$1.85B | -$1.63B | -$1.45B | -$1.32B | -$1.19B | -$1.21B | -$1.07B | -$989.8M | -$927.8M | -$945.6M | -$862.5M | -$880.8M | -$903.5M | -$936.5M | -$794.7M | -$826.3M | -$386.9M | -$292.5M | -$337.6M | -$328.7M | -$283.8M | -$273.2M | -$258.6M | -$249.3M | -$208M | -$1.03B | -$618.2M |
| Free Cash Flow | $2.41B | $2.08B | $1.99B | $1.74B | $1.47B | $1.28B | $1.15B | $1.17B | $920.9M | $920M | $734.1M | $672M | $667.4M | $610.3M | $830.2M | $639M | $570.2M | $125.3M | $368.8M | $184.5M | $438.8M | $382.5M | $327.3M | $311.1M | $209.9M | $253.8M | -$703.6M | -$347.1M |
| Cash at Beginning | $203M | $228M | $214.3M | $105.6M | $114.2M | $177.4M | $133.3M | $179.1M | $67.8M | $32.4M | $75.2M | $213.3M | $67.6M | $66.3M | $88.3M | $48M | $68.7M | $21.8M | $29.1M | $131.8M | $141.5M | $119.2M | $141.5M | $16.1M | $2M | $13.1M | $556.6M | $0 |
| Cash at End | $249M | $203M | $227.5M | $214.3M | $105.6M | $114.2M | $177.4M | $133.3M | $83.3M | $67.8M | $32.4M | $75.2M | $213.3M | $67.6M | $66.3M | $88.3M | $48M | $68.7M | $21.8M | $29.1M | $131.8M | $141.5M | $119.2M | $141.5M | $16.1M | $2M | $13.1M | $892.9M |