NATIONAL STEEL CO (SID)
Companhia Siderúrgica Nacional (CSN) operates as an integrated steel manufacturer, holding a significant presence across Brazil and Latin America. Its operations are diversified across five key divisions: Steel, Mining, Logistics, Energy, and Cement. CSN’s comprehensive steel product range includes various flat steel offerings, such as specialized slabs (high, medium, low carbon, micro-alloyed, ultra-low-carbon, and interstitial free types). The company also provides hot-rolled and cold-rolled coils and sheets, galvanized products, and tin mill products, which are essentially flat-rolled low-carbon steel. Furthermore, CSN manufactures structural steel shapes like profiles, channels, UPE sections, and steel sleepers. These products serve a wide array of industries, including distribution, packaging, automotive, home appliances, and construction. In its mining segment, CSN extracts iron ore from the Casa de Pedra and Engenho mines near Congonhas, Brazil, and limestone and dolomite from the Bocaina mine in Arcos, both located in Minas Gerais state. The company additionally produces tin. Complementing these activities, CSN manages its own railway and port infrastructure, facilitating logistics. Its cement production is sold to a diverse customer base, including construction material stores, home centers, concrete producers, construction companies, mortar industries, and cement artifact manufacturers. Power generation is also a component of its business, with electricity produced from thermoelectric co-generation and hydroelectric plants. CSN also exports its products to international markets. Founded in 1941 and headquartered in São Paulo, Brazil, Companhia Siderúrgica Nacional functions as a subsidiary of Vicunha Aços S.A.
Sector: Steel Works, Blast Furnaces & Rolling & Finishing Mills
Industry: Steel
Companhia Siderúrgica Nacional
NYSE:SIDBasic Materials · Steel
-22.73%$0.9118
AH Close$0.9118+0.00%vs close
AH Close$0.9118+0.00%vs close
Mkt Cap$1.21B
Float1.33B
O/S1.33B
Inst Own2.1%
SI0.8%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$7.86B
Net Income-$351.27M
Total Assets$17.99B
Free Cash Flow-$1.21B
Debt & Equity
Debt 81%
Equity 19%
Total Debt$9.66B
Total Equity$2.3B
Shares Outstanding
Short Interest
Split History3 splits
- 2:1Forward splitApr 7, 20101 share → 2
- 3:1Forward splitFeb 11, 20081 share → 3
- 4:1Forward splitJun 10, 20041 share → 4
Balance Sheet Details
Assets$17.99B
Liabilities$15.17B
Accounts Receivable$745.58M
Accounts Payable$1.28B
Inventory$1.87B
PP&E (Net)$6.07B
Goodwill$854.79M
Intangible Assets$1.11B
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Revenue | $7.86B | $7.82B | $8.13B | $7.94B | $8.57B | $5.38B | $4.55B | $4.11B | $3.31B | $3.07B | $2.74B | $2.89B | $3.1B | $3.02B | $2.96B | $2.59B | $1.57B | $2.98B | $1.76B | $1.47B | $1.59B | $1.47B | $1.32B | $1.17B | $713.1M | $621.29M | $525.02M | $478.23M | $461.45M |
| YoY Growth | 0.5% | -3.9% | 2.4% | -7.4% | 59.4% | 18.2% | 10.7% | 24.0% | 8.0% | 11.9% | -4.9% | -6.9% | 2.5% | 2.3% | 14.3% | 65.2% | -47.4% | 69.4% | 19.8% | -7.7% | 8.5% | 11.4% | 12.7% | 63.6% | 14.8% | 18.3% | 9.8% | 3.6% | - |
| Cost of Revenue | $5.73B | $5.72B | $6.11B | $5.56B | $4.62B | $3.42B | $3.11B | $2.88B | $2.43B | $2.26B | $2.11B | $2.07B | $2.22B | $2.16B | $1.75B | $1.38B | $1.01B | $1.48B | $980.02M | $802.11M | $767.55M | $668.72M | $752.22M | $629.62M | $398.1M | $305.18M | $256.55M | $265.32M | $261.41M |
| Gross Profit | $2.12B | $2.09B | $2.02B | $2.38B | $3.95B | $1.96B | $1.44B | $1.23B | $881.91M | $806.83M | $632.04M | $811.3M | $874.98M | $863.23M | $1.2B | $1.21B | $550.66M | $1.5B | $777.71M | $665.5M | $822.29M | $797.04M | $563.26M | $537.14M | $314.99M | $316.11M | $268.46M | $212.91M | $200.04M |
| Gross Margin | 27.0% | 26.8% | 24.9% | 30.0% | 46.1% | 36.4% | 31.6% | 29.9% | 26.6% | 26.3% | 23.0% | 28.1% | 28.2% | 28.6% | 40.7% | 46.8% | 35.2% | 50.2% | 44.2% | 45.3% | 51.7% | 54.4% | 42.8% | 46.0% | 44.2% | 50.9% | 51.1% | 44.5% | 43.4% |
| Research and Development | $14.84M | $10.22M | $10.43M | $10.54M | $13.85M | $4.97M | $312K | $6.52M | $6.6M | $5.98M | $7.43M | $9.34M | $17.12M | $10.92M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $1.09B | $1.14B | $803.45M | $592.23M | $538.17M | $448.94M | $510.68M | $488.23M | $417.33M | $396.38M | $351.3M | $260.81M | $243.36M | $263.24M | $204.46M | $211.01M | $149.53M | $261.39M | $157.71M | $177.06M | $134.54M | $149.71M | $209.09M | $179.89M | $109.71M | $92.48M | $87.56M | $71.35M | $60.21M |
| Other | $191.82M | $231.53M | $280.15M | $194.06M | $93.95M | $135.03M | $293.25M | $972K | $329K | $265K | $206K | $193K | $146K | $72.64M | $0 | $98.53M | $37.77M | $56.34M | $27.08M | $0 | $0 | $0 | $0 | $0 | $0 | $70.14M | $37.98M | $55.04M | $44.49M |
| Total Operating Expenses | $1.29B | $1.38B | $1.09B | $796.84M | $645.97M | $588.94M | $804.24M | $9.37M | $340.37M | $470.32M | $399.6M | $366.29M | $345.02M | $748.23M | $172.11M | $315.91M | $187.3M | $317.73M | $184.79M | $177.06M | $134.54M | $149.71M | $209.09M | $179.89M | $109.71M | $162.62M | $125.54M | $126.39M | $104.7M |
| Operating Income (EBIT) | $832.41M | $714.32M | $928.13M | $1.58B | $3.3B | $1.37B | $633.8M | $805.11M | $541.53M | $373.41M | $232.44M | $480.31M | $558.26M | $499.7M | $991.17M | $894.41M | $363.36M | $1.18B | $592.92M | $488.44M | $687.75M | $647.33M | $354.17M | $357.25M | $205.29M | $153.49M | $142.92M | $86.52M | $95.34M |
| Operating Margin | 10.6% | 9.1% | 11.4% | 20.0% | 38.5% | 25.4% | 13.9% | 19.6% | 16.3% | 12.2% | 8.5% | 16.6% | 18.0% | 16.5% | 33.5% | 34.6% | 23.2% | 39.6% | 33.7% | 33.3% | 43.3% | 44.2% | 26.9% | 30.6% | 28.8% | 24.7% | 27.2% | 18.1% | 20.7% |
| Interest Expense | $819.13M | $823.31M | $746.16M | $549M | $405.37M | $83.02M | $109.05M | $359.53M | $432.85M | $533.71M | $0 | $0 | $337.11M | $0 | $487.3M | $393.75M | $291.56M | $227.84M | $216.65M | $164.47M | $170.06M | $0 | $156.95M | $0 | $0 | $91.32M | $0 | $0 | $0 |
| Interest Income | $181.4M | $184.36M | $20.16M | $139.21M | $50.01M | $2.01M | $4.24M | $19.9M | $29.04M | $115.17M | $470.78M | $488.73M | $30.78M | $380.1M | $128.38M | $115.08M | $79.91M | $70.42M | $146.88M | $49.23M | $63.93M | $0 | $0 | $0 | $0 | $40.3M | $0 | $0 | $0 |
| Other Income (Expense) | -$1.13B | -$990.49M | -$742.86M | -$846.15M | $23.47M | -$488.47M | -$381.36M | $150.82M | -$466.6M | -$479.26M | $68.96M | -$541.33M | -$426.5M | -$628.41M | -$268.26M | -$342.04M | $84.89M | $40.18M | $95.58M | -$111.81M | -$152.09M | -$126.9M | -$85.7M | -$596.05M | -$14.96M | -$52.3M | -$154.51M | -$35.22M | -$15.38M |
| Income Before Tax (EBT) | -$294.63M | -$276.17M | $185.27M | $738.39M | $3.33B | $880.06M | $252.44M | $975.4M | $93.11M | -$103.24M | $322.91M | -$47.14M | $108.82M | -$241.7M | $671.23M | $552.37M | $215.08M | $1.22B | $688.5M | $376.63M | $535.66M | $520.43M | $290.15M | -$238.8M | $190.33M | $327.94M | -$11.27M | $78.07M | $72.57M |
| Income Tax Expense | -$30.31M | -$932K | $113.22M | $350.5M | $894.74M | $111.93M | -$149.2M | $44.8M | $73.21M | $47.7M | $33.75M | -$27.05M | $13.27M | -$155.7M | $15.01M | $102.12M | $68.36M | $171.5M | $170.13M | $112.95M | $178.41M | $138.31M | $19.1M | -$136.19M | -$20.78M | $9.94M | -$5.47M | -$195K | -$9.21M |
| Net Income | -$351.27M | -$463.79M | -$56.94M | $278.09M | $2.19B | $678.96M | $320.14M | $930.6M | $1.84M | -$167.27M | $225.09M | -$20.09M | $91.09M | -$75.18M | $663.17M | $450.25M | $399.88M | $1.1B | $542.58M | $285.81M | $376.88M | $406.36M | $275.69M | -$102.61M | $219M | $318M | $15.45M | $78.26M | $81.78M |
| Net Income Margin | -4.5% | -5.9% | -0.7% | 3.5% | 25.6% | 12.6% | 7.0% | 22.6% | 0.1% | -5.5% | 8.2% | -0.7% | 2.9% | -2.5% | 22.4% | 17.4% | 25.5% | 36.9% | 30.9% | 19.5% | 23.7% | 27.7% | 21.0% | -8.8% | 30.7% | 51.2% | 2.9% | 16.4% | 17.7% |
| Supplementary Data | |||||||||||||||||||||||||||||
| EPS | -1.48 | -1.16 | -0.24 | 1.17 | 8.91 | 2.75 | 1.30 | 3.79 | 0.01 | -0.69 | 0.93 | -0.08 | 0.35 | -0.29 | 2.54 | 1.73 | 1.75 | 4.00 | 1.97 | 1.03 | 1.30 | 1.19 | 0.78 | -0.33 | 0.68 | 0.31 | 0.05 | 0.30 | 0.26 |
| Diluted EPS | -1.48 | -1.16 | -0.24 | 1.17 | 8.91 | 2.75 | 1.30 | 3.77 | 0.01 | -0.69 | 0.93 | -0.08 | 0.35 | -0.29 | 2.54 | 1.73 | 1.75 | 4.00 | 1.97 | 1.03 | 1.30 | 1.19 | 0.78 | -0.33 | 0.68 | 0.31 | 0.05 | 0.30 | 0.26 |
| Weighted Average OS | 1.33B | 1.33B | 1.33B | 1.33B | 1.38B | 1.38B | 1.38B | 1.37B | 1.36B | 1.36B | 1.36B | 1.36B | 1.46B | 1.46B | 1.46B | 1.46B | 1.49B | 1.53B | 1.54B | 1.54B | 1.62B | 1.70B | 1.72B | 1.72B | 1.72B | 1.72B | 1.72B | 1.73B | 1.81B |
| EBITDA | $1.27B | $1.23B | $1.54B | $1.8B | $4.13B | $1.73B | $922.6M | $1.22B | $786.02M | $552.23M | $1.03B | $618.04M | $652.72M | $291.68M | $1.23B | $1.16B | $550.34M | $1.59B | $459.43M | $566.67M | $757.1M | $713.39M | $446.06M | $434.53M | $253.91M | $222.96M | $180.91M | $145.72M | $145.58M |
| EBITDA Margin | 16.1% | 15.7% | 18.9% | 22.7% | 48.2% | 32.2% | 20.3% | 29.8% | 23.7% | 18.0% | 37.6% | 21.4% | 21.1% | 9.6% | 41.6% | 44.7% | 35.2% | 53.3% | 26.1% | 38.6% | 47.6% | 48.7% | 33.9% | 37.2% | 35.6% | 35.9% | 34.5% | 30.5% | 31.5% |
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 | FY 1997 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Assets | |||||||||||||||||||||||||||||
| Current Assets | |||||||||||||||||||||||||||||
| Cash and Cash Equivalents | $2.58B | $4.17B | $2.87B | $2.15B | $2.98B | $1.78B | $194.86M | $402.26M | $610.47M | $871.66M | $1.41B | $1.55B | $1.79B | $2.58B | $2.76B | $1.83B | $1.24B | $1.47B | $386.47M | $365.95M | $518.52M | $461.02M | $645.86M | $225.5M | $137.13M | $7.08M | $262.35M | $2.85M | $1.66M |
| Short-Term Investments | $115.42M | $163.61M | $275.61M | $262.34M | $475.41M | $677.91M | $471.91M | $160.28M | $132.18M | $136.07M | $138.57M | $0 | $0 | $0 | $0 | $0 | $8.74M | $0 | $0 | $134.7M | $78.13M | $67.96M | $0 | $0 | $0 | $237.27M | $0 | $210.6M | $289.5M |
| Cash and Short-Term Investments | $2.69B | $4.33B | $3.15B | $2.41B | $3.45B | $2.46B | $666.77M | $562.54M | $742.65M | $1.01B | $1.55B | $1.55B | $1.79B | $2.58B | $2.76B | $1.83B | $1.25B | $1.47B | $386.47M | $500.65M | $596.66M | $528.98M | $645.86M | $225.5M | $137.13M | $244.35M | $262.35M | $213.45M | $291.16M |
| Accounts Receivable | $745.58M | $817.68M | $962.78M | $938.19M | $783.76M | $814.13M | $374.43M | $380.14M | $401.24M | $357.39M | $275.23M | $313.7M | $451.38M | $553.72M | $384.13M | $247.85M | $342.44M | $405.96M | $272.72M | $296.88M | $316.71M | $181.56M | $189.99M | $266.67M | $166.64M | $69.09M | $63.09M | $49.25M | $65.1M |
| Inventory | $1.87B | $1.87B | $1.71B | $2.02B | $1.96B | $862.07M | $938.9M | $901.79M | $796.63M | $708.78M | $882.04M | $737.62M | $565.63M | $640.62M | $668.35M | $600.49M | $413.62M | $482.6M | $367.03M | $393.42M | $287.05M | $389.25M | $145.07M | $133.02M | $139.63M | $133.21M | $98.82M | $101.7M | $84.29M |
| Other Current Assets | $25.64M | $40.17M | $24.47M | $49.18M | $21.53M | $14.2M | $18.5M | $15.22M | $12.09M | $6.36M | $26.86M | $34.45M | $120.54M | $45.47M | $189.27M | $61.57M | $127.99M | $179.78M | $460.06M | $320.92M | $190.95M | $305.6M | $202.38M | $373.72M | $95.99M | $104.33M | $70.17M | $44.36M | $41.4M |
| Total Current Assets | $5.42B | $7.12B | $5.92B | $5.48B | $6.26B | $4.18B | $2.28B | $2.15B | $2.13B | $2.23B | $2.94B | $2.85B | $2.94B | $3.78B | $3.93B | $2.83B | $2.14B | $3.03B | $1.49B | $1.51B | $1.39B | $1.38B | $1.19B | $1.01B | $545.63M | $1.12B | $494.44M | $408.77M | $482.01M |
| Long-Term Assets | |||||||||||||||||||||||||||||
| Property, Plant & Equipment Net | $6.07B | $5.44B | $5B | $4.72B | $3.85B | $3.53B | $3.53B | $3.23B | $3.21B | $3.25B | $3.2B | $2.8B | $2.67B | $3.65B | $3.11B | $2.47B | $1.75B | $1.52B | $1.54B | $1.23B | $1.06B | $1.02B | $967.51M | $967.24M | $856.88M | $1.35B | $635.11M | $741.95M | $711.99M |
| Goodwill | $854.79M | $738.36M | $738.36M | $739.3M | $667.32M | $645.29M | $645.29M | $642.57M | $642.57M | $642.57M | $733.39M | $72.91M | $72.91M | $143.69M | $39.42M | $75.82M | $52.44M | $52.61M | $52.89M | $38.16M | $34.26M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $1.11B | $1.13B | $1.15B | $1.19B | $702.85M | $663.99M | $648.78M | $655.33M | $658.71M | $656.27M | $243.37M | $95.95M | $99.85M | $84.54M | $1.91M | $6.94M | $0 | $0 | $0 | $0 | $0 | $21.39M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $2.15B | $1.07B | $971.42M | $961.86M | $744.31M | $683.41M | $658.52M | $1.01B | $988.94M | $817.49M | $717.4M | $2.45B | $2.42B | $420.83M | $373.67M | $376.43M | $1.32B | $1.07B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $1.27B | $1.31B | $900.73M | $911.84M | $907.61M | $693.39M | $442.58M | $16M | $11.29M | $12.55M | $591.77M | $468.12M | $495.76M | $424.54M | $329.39M | $285.04M | $47.45M | $139.19M | $106.41M | $111.43M | $137.05M | $122.15M | $152.3M | $105.15M | $56.52M | $15.56M | $0 | $0 | $0 |
| Other Long-Term Assets | $1.11B | $1.78B | $1.7B | $1.27B | $1.07B | $874.81M | $904.97M | $768.2M | $447.69M | $299.87M | $281.48M | $175.77M | $328.42M | $315.8M | $539.68M | $728.64M | $685.2M | $695.94M | $661.42M | $375.11M | $363.51M | $382.6M | $277.76M | $235.63M | $225.65M | $244.54M | $429.09M | $375.47M | $368.13M |
| Total Long-Term Assets | $12.56B | $11.47B | $10.46B | $9.8B | $7.95B | $7.09B | $6.83B | $6.32B | $5.96B | $5.67B | $5.77B | $6.05B | $6.08B | $5.04B | $4.46B | $3.94B | $3.85B | $3.48B | $2.36B | $1.75B | $1.6B | $1.54B | $1.4B | $1.31B | $1.14B | $1.61B | $1.06B | $1.12B | $1.08B |
| 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 |
| Total Assets | $17.99B | $18.59B | $16.38B | $15.27B | $14.2B | $11.27B | $9.1B | $8.47B | $8.09B | $7.9B | $8.71B | $8.91B | $9.02B | $8.82B | $8.39B | $6.76B | $5.99B | $6.51B | $3.84B | $3.26B | $2.99B | $2.93B | $2.59B | $2.32B | $1.68B | $2.73B | $1.56B | $1.53B | $1.56B |
| Liabilities | |||||||||||||||||||||||||||||
| Current Liabilities | |||||||||||||||||||||||||||||
| Accounts Payable | $1.28B | $1.78B | $2.14B | $2.2B | $1.95B | $974.05M | $739.74M | $621.61M | $448.37M | $315.51M | $231.37M | $208.97M | $189.64M | $362.44M | $197.3M | $111.52M | $131.42M | $393.95M | $276.23M | $290.39M | $187.6M | $115.02M | $78.47M | $100.08M | $69.81M | $85.14M | $47.32M | $33.94M | $13.58M |
| Short-Term Debt | $1.91B | $1.46B | $1.3B | $918.23M | $883.33M | $738.4M | $917.23M | $1.01B | $1.17B | $378.9M | $335.46M | $499.34M | $472.91M | $410.75M | $483.52M | $234.17M | $141.1M | $536.87M | $277.82M | $133.94M | $147.91M | $204.37M | $235.94M | $639.12M | $467.92M | $349.27M | $462.57M | $186.23M | $323.29M |
| Current Income Tax Payable | $0 | $138.77M | $168.27M | $205.97M | $601.36M | $376.44M | $100.3M | $45.05M | $51.11M | $45.86M | $129.73M | $57.02M | $54.42M | $60.19M | $58.18M | $49.39M | $130.8M | $75.81M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $777.64M | $652.9M | $369.25M | $200.43M | $383.08M | $196.97M | $140.94M | $24.59M | $12.26M | $16.23M | $8.86M | $4.1M | $5.05M | $5.8M | $3.93M | $162.36M | $309.35M | $148.3M | $33.13M | $32.82M | $28.83M | $27.09M | $37.17M | $35.47M | $22.02M | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $701.92M | $219.72M | $310.85M | $189.84M | $189.16M | $74.33M | $82.97M | $99.2M | $86.88M | $74.13M | $104.49M | $135.45M | $62.2M | $53.6M | $48.28M | $40.86M | $70.86M | $321.46M | $171.73M | $183.17M | $219.78M | $231.46M | $282.4M | $322.41M | $40.72M | $419.08M | $71.78M | $26.53M | $59.53M |
| Total Current Liabilities | $5.02B | $4.49B | $4.48B | $4.02B | $4.39B | $2.64B | $2.08B | $2.05B | $1.91B | $983.59M | $952.97M | $1.14B | $995.68M | $1.15B | $1.16B | $797.36M | $652.73M | $1.58B | $912.8M | $640.31M | $584.12M | $577.94M | $633.99M | $1.1B | $600.48M | $875.81M | $581.67M | $246.7M | $396.4M |
| Long-Term Liabilities | |||||||||||||||||||||||||||||
| Long-Term Debt | $7.6B | $8.61B | $6.66B | $6.39B | $4.84B | $5.57B | $4.09B | $4.15B | $4.11B | $5.07B | $5.8B | $4.85B | $4.5B | $4.98B | $5.06B | $3.9B | $2.28B | $2.7B | $1.16B | $1.41B | $1.23B | $1.12B | $1.17B | $630.89M | $550.61M | $549.67M | $337.35M | $421.39M | $329.72M |
| Long-Term Unearned Revenue | $1.61B | $1.81B | $920.59M | $168.91M | $169.62M | $308.83M | $330.19M | $0 | $0 | $0 | $0 | $147.86M | $153.1M | $66.51M | $203.58M | $0 | $293.75M | $695.11M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $105.42M | $319.76M | $288.25M | $291.44M | $180.98M | $209.93M | $199.75M | $230.42M | $338.68M | $313.4M | $215.86M | $77.78M | $133.94M | $50.84M | $6.77M | $0 | $1.25M | $5.8M | $105.78M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $679.17M | $482.48M | $399.12M | $402.38M | $356.21M | $455.45M | $294.41M | $483.48M | $584.74M | $527.67M | $390.26M | $1.74B | $1.93B | $960.47M | $447.19M | $664.38M | $1.43B | $154.51M | $807.02M | $808.98M | $755.43M | $597.9M | $365.53M | $266.04M | $223.57M | $288.18M | $131.01M | $35.13M | $50.58M |
| Total Long-Term Liabilities | $10.15B | $11.33B | $8.38B | $7.35B | $5.63B | $6.63B | $4.99B | $4.63B | $4.7B | $5.6B | $6.19B | $6.74B | $6.58B | $6.06B | $5.72B | $4.57B | $4.01B | $3.55B | $2.07B | $2.22B | $1.98B | $1.72B | $1.54B | $896.93M | $774.18M | $837.85M | $468.36M | $456.52M | $380.31M |
| 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 |
| Total Liabilities | $15.17B | $15.83B | $12.86B | $11.37B | $10.02B | $9.26B | $7.07B | $6.68B | $6.61B | $6.58B | $7.14B | $7.88B | $7.58B | $7.21B | $6.88B | $5.36B | $4.66B | $5.13B | $2.99B | $2.86B | $2.57B | $2.3B | $2.17B | $1.99B | $1.37B | $1.71B | $1.05B | $703.23M | $776.71M |
| 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 |
| Common Stock | $1.83B | $1.83B | $1.83B | $1.83B | $1.83B | $1.08B | $812.4M | $812.4M | $812.4M | $812.4M | $812.4M | $812.4M | $812.4M | $812.4M | $300.79M | $300.79M | $0 | $0 | $0 | $0 | $1.02B | $1.16B | $1.26B | $1.55B | $1.02B | $300.76M | $787.69M | $302.4M | $300.81M |
| Retained Earnings | -$36.31M | $0 | $0 | $0 | $0 | $1.05B | $803.35M | $558.85M | -$231.14M | -$232.98M | -$65.71M | $243.52M | $508.12M | $660.39M | $0 | $1.2B | $715.79M | $1.08B | $471.85M | $125.16M | $205.99M | $378.8M | $100.67M | -$51.31M | $93.08M | $110.79M | $239.49M | $0 | $0 |
| Comprehensive Income & Other | $507.77M | $363.51M | $1.3B | $1.66B | $1.97B | $703.55M | $1.02B | $744.89M | $719M | $571.8M | $601.91M | $206.94M | $636.42M | $729.53M | -$244.57M | -$30.06M | $22.48M | -$608.95M | -$320.2M | -$581.93M | -$729.11M | -$936.77M | -$974.73M | -$1.21B | -$821.97M | $608.98M | -$529.52M | $517.04M | $484.61M |
| Other Stockholders' Equity | $507.77M | $363.51M | $1.3B | $1.66B | $1.8B | -$359.52M | $204.9M | $186.04M | $676.23M | $529.04M | $624.86M | -$36.58M | $128.3M | $69.14M | $1.13B | -$132.09M | $600.29M | $291.63M | $384.55M | $274.37M | -$806.83M | -$911.58M | -$947.37M | -$1.18B | -$799.95M | $608.98M | -$520.19M | $517.04M | $484.61M |
| Total Equity | $2.3B | $2.2B | $3.13B | $3.49B | $3.64B | $1.77B | $1.82B | $1.56B | $1.26B | $1.11B | $1.37B | $1.02B | $1.45B | $1.54B | $1.43B | $1.37B | $1.32B | $1.37B | $856.4M | $399.53M | $421.59M | $630.22M | $416.64M | $321.15M | $310.01M | $1.02B | $506.99M | $819.43M | $785.42M |
| Minority Interest | $511.57M | $570.41M | $390.84M | $416.32M | $547.45M | $239.43M | $212.47M | $234.54M | $225.62M | $212.94M | $191.63M | $6.89M | -$4.92M | $69.9M | $77.19M | $33.99M | $14.98M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.61M | $3.52M | $0 |
| Total Liabilities and Equity | $17.48B | $18.02B | $15.99B | $14.86B | $13.66B | $11.03B | $8.89B | $8.23B | $7.86B | $7.69B | $8.51B | $8.9B | $9.02B | $8.75B | $8.31B | $6.73B | $5.97B | $6.51B | $3.84B | $3.26B | $2.99B | $2.93B | $2.59B | $2.32B | $1.68B | $2.73B | $1.56B | $1.52B | $1.56B |
| Supplementary Data | |||||||||||||||||||||||||||||
| Total Debt | $9.66B | $10.22B | $8.1B | $7.44B | $5.83B | $6.41B | $5.09B | $5.16B | $5.28B | $5.45B | $6.13B | $5.35B | $4.97B | $5.4B | $5.54B | $4.14B | $2.43B | $3.24B | $1.44B | $1.55B | $1.38B | $1.32B | $1.41B | $1.27B | $1.02B | $922.98M | $799.92M | $607.62M | $653.02M |
| Net Debt | $7.08B | $6.05B | $5.23B | $5.29B | $2.85B | $4.63B | $4.89B | $4.76B | $4.67B | $4.58B | $4.73B | $3.79B | $3.18B | $2.81B | $2.79B | $2.3B | $1.18B | $1.77B | $1.05B | $1.18B | $858.64M | $863.58M | $764.09M | $1.04B | $881.4M | $915.9M | $537.57M | $604.77M | $651.36M |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Operating Activities | |||||||||||||||||||||||||||||
| Net Income | -$351.27M | -$275.24M | $72.05M | $387.89M | $2.43B | $768.13M | $401.64M | $930.6M | $19.9M | -$152.65M | $289.16M | -$20.09M | $95.55M | -$85.99M | $656.22M | $450.25M | $399.88M | $1.1B | $542.58M | $285.81M | $376.88M | $406.36M | $275.69M | -$102.61M | $219M | $318M | -$5.79M | $78.26M | $81.78M |
| Depreciation & Amortization | $742.69M | $678.44M | $604.67M | $514.93M | $396.93M | $451.3M | $271.87M | $238.59M | $261.34M | $237.55M | $210.59M | $229.31M | $206.78M | $196.92M | $169.68M | $144.26M | $107.07M | $141.26M | $126.49M | $78.23M | $69.36M | $66.06M | $61.44M | $77.28M | $48.62M | $101.23M | $37.98M | $55.04M | $44.49M |
| Deferred Income Tax | -$191.96M | -$228.76M | -$97.24M | $91.8M | $124.89M | -$254.51M | -$487.3M | -$504.55M | $10.79M | $6.21M | -$19.01M | -$121.56M | -$200.28M | -$192.39M | -$9.4M | $46.05M | $16.23M | -$83.26M | -$27.08M | $37.4M | -$12.95M | $951K | -$45.43M | -$120.35M | -$19.95M | -$1.97M | -$12.23M | $0 | $0 |
| Stock-Based Compensation | $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 |
| Changes in Working Capital: | |||||||||||||||||||||||||||||
| Accounts Receivable | -$11.79M | $98.6M | -$131.66M | -$269.35M | $241.9M | $73.54M | $15.28M | $21.7M | -$51.18M | -$70.22M | $76.22M | -$9.75M | -$51.5M | -$42.57M | -$60.74M | $25.63M | $30.9M | -$56.75M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | -$68.21M | -$162.13M | $233.21M | -$131.52M | -$1.14B | $135.2M | -$39.05M | -$143.16M | -$79.11M | $169.61M | -$130.06M | -$164.12M | $46.4M | $35.95M | -$73.41M | -$142.14M | $83.35M | -$169.01M | $30.9M | -$124.4M | $73.96M | -$234.31M | -$12.39M | $6.97M | $4.99M | -$37.16M | $2.9M | $0 | $0 |
| Accounts Payable | -$34.44M | -$389.89M | -$60.84M | $141.26M | $892.77M | $287.35M | $125.48M | $177.32M | $119.36M | $86.25M | $53.88M | $104.14M | -$150.52M | $118.67M | $97.4M | $2.14M | -$227.25M | $139.19M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | -$154.91M | $1.25B | $798.47M | -$575.45M | $93.68M | $272.35M | $470.3M | $81.17M | -$12.62M | -$3.33M | $571.97M | -$69.89M | $232.92M | -$6.65M | -$367.68M | -$397.11M | -$132.04M | -$232.39M | -$40.14M | -$123.64M | -$59.33M | -$100.76M | $30.98M | -$126.05M | -$104.72M | -$547.28M | $4.83M | $0 | $0 |
| Total Working Capital Change | -$269.34M | $801.44M | $839.18M | -$835.07M | $91.69M | $768.45M | $572.01M | $137.04M | -$23.55M | $182.31M | $572.01M | -$139.63M | $77.3M | $105.41M | -$404.44M | -$511.48M | -$245.05M | -$318.97M | -$9.24M | -$248.04M | $14.62M | -$335.07M | $18.59M | -$119.08M | -$99.73M | -$584.43M | $7.73M | $27.72M | -$50.46M |
| Other Non-Cash Items | -$100.84M | $572.06M | -$113.71M | $205.98M | -$399.2M | -$19.67M | $113.56M | -$167.97M | $95.18M | $13.5M | -$145.66M | $493.93M | $420.75M | $600.12M | $509.49M | $304.93M | $118.62M | $236.95M | -$63.08M | $306.04M | -$5.01M | $15.68M | -$16.52M | $775.31M | -$60.67M | $349 | $180.91M | -$163.9M | -$2.3M |
| Net Cash from Operating | -$170.72M | $1.55B | $1.3B | $365.54M | $2.65B | $1.71B | $871.78M | $395.12M | $102.33M | $49.37M | $907.09M | $212.65M | $393.33M | $624.06M | $751.88M | $444.23M | $12.49M | $856.25M | $402.71M | $350.69M | $734.12M | $153.99M | $293.76M | $510.54M | $87.27M | $214.02M | $208.59M | -$2.88M | $73.51M |
| Investing Activities | |||||||||||||||||||||||||||||
| Capital Expenditures | -$1.04B | -$983.17M | -$788.8M | -$599.85M | -$512.62M | -$301.31M | -$396.51M | -$236.08M | -$189.7M | -$292M | -$289.46M | -$330.9M | -$445.6M | -$562.62M | -$787.62M | -$655.13M | -$290.31M | -$367.02M | -$201.36M | -$269.41M | -$121.17M | -$84.6M | -$108.42M | -$167.22M | -$178.69M | -$131.53M | -$83.05M | -$17.32M | -$6.27M |
| Acquisitions | -$26.62M | $790.89M | $20.54M | -$951.52M | -$177.42M | $0 | -$3.82M | $298.9M | $0 | $59.55M | $165.19M | -$130K | -$26.21M | -$51.23M | $0 | $0 | $0 | $0 | -$110.87M | -$10.68M | -$15.88M | -$74.14M | -$17.55M | -$26.6M | -$22.86M | $0 | $0 | $0 | $0 |
| Purchases of Investments | -$24.69M | -$5.73M | -$60.58M | -$118.6M | -$53.03M | -$23.66M | -$37.59M | -$69.25M | -$198.37M | -$163.35M | -$618.38M | -$2.24M | -$6.34M | -$29.87M | -$380.52M | -$245.15M | -$94.9M | $0 | $0 | -$134.7M | -$110.72M | $0 | $0 | $0 | -$2.91M | -$35.95M | $0 | -$10.4M | -$205.57M |
| Sales of Investments | $29.61M | $12.59M | $24.46M | $3.86M | $845.35M | $7.06M | $51.75M | $7.05M | $9.87M | $574K | $161.61M | $13.71M | $76.29M | $10.33M | $234.44M | $0 | $176.37M | $0 | $139.23M | $71.36M | $0 | $0 | $0 | $0 | $537.32M | $0 | $0 | $3.2M | $519K |
| Other Investing Activities | -$11.2M | -$14.95M | -$16.8M | -$383.59M | -$22.13M | -$15.58M | -$14.01M | -$18.24M | -$7.92M | -$17.26M | $68.38M | $22.92M | -$26.21M | -$65.45M | -$10.23M | $70.74M | -$49.95M | -$168.19M | -$174.59M | $23.28M | $0 | -$475K | -$2.07M | -$8.23M | -$3.74M | -$14.81M | -$17.06M | -$2.18M | -$5.15M |
| Net Cash from Investing | -$1.07B | -$200.37M | -$821.19M | -$2.05B | $80.15M | -$333.49M | -$400.18M | -$17.62M | -$187.75M | -$412.49M | -$512.67M | -$296.64M | -$401.87M | -$633.39M | -$943.92M | -$829.54M | -$258.78M | -$535.21M | -$347.6M | -$320.16M | -$247.77M | -$159.22M | -$128.04M | -$202.06M | $329.12M | -$182.29M | -$100.11M | -$26.7M | -$216.47M |
| Financing Activities | |||||||||||||||||||||||||||||
| Debt Repaid | $173.13M | -$521.23M | -$985.32M | -$1.66B | $878.24M | -$274.42M | $322.31M | $514.69M | $177.78M | $153.2M | $446.15M | -$145.38M | $134.44M | -$51.49M | -$1.4B | -$1.57B | -$858.83M | -$1.55B | -$83.47M | -$224M | -$137.88M | -$7.13M | -$399.08M | $182.43M | $9.97M | -$6.28M | $43.78M | $33.51M | -$366.65M |
| Common Stock Issuance | $0 | $0 | $0 | $0 | $241.19M | $0 | $0 | $38.19M | $0 | $0 | $0 | $0 | $971K | $666.01M | $0 | $23.05M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock Repurchases | $0 | -$60.15M | $0 | -$73.47M | -$271.35M | $0 | $0 | $0 | -$43K | -$4.8M | -$1.68M | -$162.69M | $0 | $595.39M | $0 | $2.06B | -$241.63M | -$60.89M | -$10.2M | -$6.49M | -$152.51M | -$72.72M | $0 | $0 | $0 | $0 | $0 | -$3.46M | -$16.77M |
| Dividends Paid | -$121.96M | -$453.68M | -$712.35M | -$672.24M | -$588.82M | -$55.36M | -$343.62M | -$89.83M | $0 | -$9K | -$98.39M | -$76.04M | -$297.13M | -$214.68M | -$332.18M | -$279.29M | -$317.47M | -$512.84M | -$112.15M | -$317.87M | -$401.53M | -$115.02M | -$143.53M | -$38.01M | -$509.89M | -$21.98M | -$21.89M | -$44.19M | -$16.18M |
| Other Financing Activities | -$16.51M | -$25.98M | -$36.13M | -$59.89M | -$29.14M | -$7.01M | -$12.05M | -$16.51M | -$43K | -$4.8M | -$6.85M | -$1.72M | $0 | $29.18M | $43.36M | $29.27M | $17.82M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$2.25M | -$76.88M | -$8.19M |
| Net Cash from Financing | -$311.6M | -$18.58M | $236.84M | $849.44M | -$1.53B | $212.06M | -$677.99M | -$582.85M | -$177.82M | -$158.01M | -$553.07M | -$160.33M | -$336.67M | -$134.01M | $848.31M | $832.19M | $272.21M | $773.4M | -$38.87M | -$100.36M | -$416.16M | -$180.61M | $255.56M | -$220.43M | -$519.86M | -$51.53M | -$67.92M | $123.62M | $166.09M |
| Forex Effect | $437.79M | -$29.16M | $4.97M | $1.72M | -$1.69M | -$7.63M | -$1.02M | -$2.87M | $2.06M | -$13.89M | $11.03M | $9.97M | $5.9M | -$30.69M | $270.32M | -$40.95M | $111.13M | -$129.66M | $64.68M | -$37.78M | $43.04M | $52.28M | $40.79M | -$71.58M | -$45.3M | $0 | -$95.6M | $0 | $0 |
| Net Change in Cash | -$1.12B | $1.3B | $725.59M | -$833M | $1.2B | $1.58B | -$207.4M | -$208.21M | -$261.18M | -$535.02M | -$147.62M | -$234.35M | -$339.3M | -$174.02M | $926.58M | $405.93M | $137.04M | $964.79M | $80.93M | -$107.61M | $113.23M | -$133.55M | $462.07M | $16.47M | -$148.77M | -$19.8M | -$55.04M | $94.05M | $23.13M |
| Supplementary Data | |||||||||||||||||||||||||||||
| Operating Cash Flow | -$170.72M | $1.55B | $1.3B | $365.54M | $2.65B | $1.71B | $871.78M | $395.12M | $102.33M | $49.37M | $907.09M | $212.65M | $393.33M | $624.06M | $751.88M | $444.23M | $12.49M | $856.25M | $402.71M | $350.69M | $734.12M | $153.99M | $293.76M | $510.54M | $87.27M | $214.02M | $208.59M | -$2.88M | $73.51M |
| Capital Expenditure | -$1.04B | -$983.17M | -$788.8M | -$962.05M | -$512.62M | -$301.31M | -$396.51M | -$236.08M | -$189.7M | -$292M | -$289.46M | -$330.9M | -$445.6M | -$562.62M | -$787.62M | -$655.13M | -$290.31M | -$367.02M | -$201.36M | -$269.41M | -$121.17M | -$84.6M | -$108.42M | -$167.22M | -$178.69M | -$131.53M | -$83.05M | -$17.32M | -$6.27M |
| Free Cash Flow | -$1.21B | $564.77M | $516.16M | -$596.51M | $2.13B | $1.41B | $475.27M | $159.04M | -$87.37M | -$242.63M | $617.62M | -$118.25M | -$52.27M | $61.44M | -$35.74M | -$210.9M | -$277.82M | $489.23M | $201.36M | $81.28M | $612.95M | $69.39M | $185.34M | $343.32M | -$91.42M | $82.49M | $125.54M | -$20.19M | $67.24M |
| Cash at Beginning | $3.7B | $2.87B | $2.15B | $2.98B | $1.78B | $194.86M | $402.26M | $610.47M | $871.66M | $1.41B | $1.55B | $1.79B | $2.13B | $2.76B | $1.83B | $1.02B | $1.11B | $502.48M | $305.54M | $473.56M | $405.29M | $594.57M | $183.8M | $209.03M | $285.9M | $264.15M | $317.39M | -$91.19M | -$21.47M |
| Cash at End | $2.58B | $4.17B | $2.87B | $2.15B | $2.98B | $1.78B | $194.86M | $402.26M | $610.47M | $871.66M | $1.41B | $1.55B | $1.79B | $2.58B | $2.76B | $1.43B | $1.24B | $1.47B | $386.47M | $365.95M | $518.52M | $461.02M | $645.86M | $225.5M | $137.13M | $244.35M | $262.35M | $2.85M | $1.66M |