Smurfit Westrock plc (SW)
Smurfit Westrock Plc, together with its subsidiaries, manufactures, distributes, and sells containerboard, corrugated containers, and other paper-based packaging products in North America, South America, Europe, Asia, Africa, Australia, and internationally. The company produces containerboard and paperboard; packaging of corrugated containers; consumer packaging; and offers solid board, kraft paper, and graphic board, as well as other packaging products, such as solidboard packaging, paper sacks and bag-in-box. It produces linerboard and corrugated medium and paperboard; and other paper-based packaging, such as folding cartons, inserts, labels and displays. The company primarily serves food and beverage, healthcare, beauty and personal care, garden, consumer goods, industrial, and foodservice markets. It markets its products through its own sales force, independent sales representatives, and independent distributors. Smurfit Westrock Plc was founded in 1934 and is headquartered in Dublin, Ireland.
Sector: Paperboard Containers & Boxes
Industry: Packaging & Containers
Smurfit Westrock plc
NYSE:SWConsumer Cyclical · Packaging & Containers
-1.37%$41.85
AH Close$41.85+0.00%vs close
AH Close$41.85+0.00%vs close
Mkt Cap$21.95B
Float521.9M
O/S524.52M
Inst Own96.5%
Div Yield4.27%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$31.18B
Net Income$699M
Total Assets$53.04B
Free Cash Flow$1.2B
Debt & Equity
Debt 43%
Equity 57%
Total Debt$16.18B
Total Equity$21.53B
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in SW's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$53.04B
Liabilities$31.48B
Accounts Receivable$5.01B
Accounts Payable$4.22B
Inventory$4.34B
PP&E (Net)$27.29B
Goodwill$8.48B
Intangible Assets$1.24B
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 | FY 2005 | FY 2004 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | EUR | EUR | EUR | EUR | EUR | EUR | EUR | EUR | EUR | EUR | EUR | EUR | EUR | EUR | EUR | EUR | EUR | EUR | EUR | EUR |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 | 2005-12-31 | 2004-12-31 |
| Revenue | $31.18B | $20.38B | $10.95B | $12.62B | $10.48B | $8.53B | $9.05B | $8.95B | $8.56B | $8.58B | $8.11B | $8.08B | $10.99B | $9.7B | $9.54B | $8.88B | $8.68B | $9.83B | $10.6B | $9.2B | $4.64B | $3.98B |
| YoY Growth | 53.0% | 86.0% | -13.2% | 20.3% | 22.9% | -5.7% | 1.1% | 4.5% | -0.2% | 5.8% | 0.3% | -26.4% | 13.3% | 1.7% | 7.4% | 2.3% | -11.7% | -7.3% | 15.3% | 98.3% | 16.7% | - |
| Cost of Revenue | $25.14B | $16.33B | $8.19B | $9.56B | $8.13B | $5.66B | $6.04B | $5.99B | $5.78B | $5.98B | $5.67B | $6.93B | $7.81B | $6.93B | $6.88B | $6.42B | $6.31B | $7.37B | $7.64B | $6.65B | $3.37B | $2.87B |
| Gross Profit | $6.04B | $4.05B | $2.77B | $3.06B | $2.35B | $2.87B | $3B | $2.96B | $2.47B | $2.6B | $2.44B | $2.9B | $3.17B | $2.77B | $2.66B | $2.46B | $2.37B | $2.46B | $2.96B | $2.55B | $1.27B | $1.11B |
| Gross Margin | 19.4% | 19.9% | 25.3% | 24.2% | 22.4% | 33.7% | 33.2% | 33.1% | 28.9% | 30.3% | 30.1% | 35.9% | 28.9% | 28.6% | 27.9% | 27.7% | 27.3% | 25.0% | 27.9% | 27.7% | 27.4% | 27.9% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $8M | $8M | $7.23M | $0 | $0 | $0 | $0 | $8M | $3.9M | $3.89M | $3.99M | $2.87M | $4.18M | $3.87M | $2.85M | $4.5M | $4.5M |
| Selling, General, and Administrative | $3.82B | $2.72B | $1.5B | $1.45B | $1.27B | $2.4B | $2.18B | $2.12B | $2.09B | $1.72B | $1.81B | $2.03B | $2.25B | $2.01B | $1.88B | $726.16M | $737.86M | $804.63M | $858.76M | $19.4M | $998.34M | $840.11M |
| Other | $0 | $358.13M | $26.27M | $152.23M | -$20.21M | -$425.87M | -$63.49M | -$207.74M | -$413.8M | $15.78M | -$85.6M | $60.8M | $26.52M | -$75.31M | $12.96M | $1.19B | $1.25B | $1.26B | $1.28B | $2.22B | $0 | $0 |
| Total Operating Expenses | $3.82B | $3.08B | $1.52B | $1.6B | $1.25B | $1.98B | $2.12B | $1.92B | $1.68B | $1.74B | $1.73B | $2.09B | $2.29B | $1.94B | $1.89B | $1.92B | $1.99B | $2.07B | $2.14B | $2.24B | $1B | $844.61M |
| Operating Income (EBIT) | $2.22B | $972.06M | $1.24B | $1.46B | $1.1B | $891M | $884M | $1.14B | $792.14M | $857.14M | $711M | $803.78M | $887.9M | $833.18M | $764.69M | $543.96M | $382.54M | $392.57M | $819.42M | $303.87M | $267.39M | $264.7M |
| Operating Margin | 7.1% | 4.8% | 11.3% | 11.5% | 10.5% | 10.4% | 9.8% | 12.8% | 9.3% | 10.0% | 8.8% | 9.9% | 8.1% | 8.6% | 8.0% | 6.1% | 4.4% | 4.0% | 7.7% | 3.3% | 5.8% | 6.7% |
| Interest Expense | $840M | $506.99M | $154.48M | $146.5M | $126.14M | $119.11M | $167.59M | $168.36M | $236.34M | $195.62M | $139.43M | $179.3M | $215M | $252.42M | $286.84M | $283.28M | $251.07M | $300.25M | $311.43M | $406.66M | $424.62M | $279.26M |
| Interest Income | $111M | $122.64M | $28.17M | $8.79M | $3.13M | $2.79M | $3.94M | $4.13M | $3.6M | $3.16M | $5.09M | $6.15M | $5M | $6.82M | $8.53M | $4.99M | $10.66M | $36.65M | $26.83M | $12.94M | $11.49M | $6.49M |
| Other Income (Expense) | -$1.26B | -$431.49M | -$211.96M | -$123.27M | -$157.27M | -$143M | -$207M | $0 | -$237.06M | -$169.32M | -$112M | -$283M | $0 | -$411.3M | -$377.16M | $0 | -$457.05M | -$407.88M | -$571.7M | -$492.75M | -$570.09M | -$296.58M |
| Income Before Tax (EBT) | $959M | $540.57M | $1.03B | $1.33B | $947.13M | $748M | $677M | -$404M | $555.08M | $687.81M | $599M | $378M | $405.98M | $421.88M | $387.53M | $136.99M | -$74.5M | -$15.31M | $247.72M | -$188.88M | -$302.7M | -$31.88M |
| Income Tax Expense | $260M | $232.64M | $282.61M | $365.15M | $242.49M | $201M | $193M | $235M | $153M | $206.13M | $186M | $126M | $135.33M | $89.93M | $104.98M | $59.85M | $78.8M | $29.23M | $5.11M | $13.86M | -$678K | $1.79M |
| Net Income | $699M | $307.93M | $747.28M | $965.65M | $704.64M | $545M | $476M | -$646M | $417M | $466.96M | $400M | $241M | $188M | $317.4M | $267M | $49.87M | -$174.8M | -$69.6M | $214.57M | -$224.54M | -$284.53M | -$2.5M |
| Net Income Margin | 2.2% | 1.5% | 6.8% | 7.7% | 6.7% | 6.4% | 5.3% | -7.2% | 4.9% | 5.4% | 4.9% | 3.0% | 1.7% | 3.3% | 2.8% | 0.6% | -2.0% | -0.7% | 2.0% | -2.4% | -6.1% | -0.1% |
| Supplementary Data | ||||||||||||||||||||||
| EPS | 1.34 | 0.80 | 2.90 | 3.85 | 2.74 | 2.69 | 2.25 | -2.74 | 1.76 | 1.99 | 1.69 | 1.06 | 0.82 | 1.05 | 0.99 | 0.23 | -0.54 | -0.23 | 0.70 | -0.80 | -1.58 | -0.01 |
| Diluted EPS | 1.33 | 0.79 | 2.87 | 3.80 | 2.71 | 2.67 | 2.00 | -2.74 | 1.76 | 1.97 | 1.69 | 1.05 | 0.81 | 1.02 | 0.97 | 0.23 | -0.54 | -0.23 | 0.67 | -0.80 | -1.58 | -0.01 |
| Weighted Average OS | 522.00M | 386.00M | 258.00M | 258.00M | 257.00M | 248.80M | 237.00M | 236.01M | 237.00M | 236.80M | 236.00M | 234.89M | 229.00M | 224.00M | 222.00M | 219.00M | 218.00M | 218.01M | 198.19M | 205.63M | 205.63M | 205.63M |
| EBITDA | $4.35B | $2.79B | $1.8B | $2.15B | $1.71B | $1.6B | $1.65B | $225.35M | $1.19B | $1.3B | $1.17B | $1.12B | $1.26B | $1.27B | $1.36B | $1.07B | $912.66M | $959.16M | $1.12B | $987.47M | $371.89M | $489.9M |
| EBITDA Margin | 13.9% | 13.7% | 16.4% | 17.0% | 16.3% | 18.7% | 18.2% | 2.5% | 13.9% | 15.2% | 14.4% | 13.9% | 11.4% | 13.1% | 14.2% | 12.1% | 10.5% | 9.8% | 10.5% | 10.7% | 8.0% | 12.3% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 | FY 2005 | FY 2004 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | EUR | EUR | EUR | EUR | EUR | EUR | EUR | EUR | EUR | EUR | EUR | EUR | EUR | EUR | EUR | EUR | EUR | EUR | EUR | EUR |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 | 2005-12-31 | 2004-12-31 |
| Assets | ||||||||||||||||||||||
| Current Assets | ||||||||||||||||||||||
| Cash and Cash Equivalents | $1.05B | $855M | $1B | $785.41M | $854.32M | $891M | $189M | $465.57M | $635.84M | $458.54M | $295.19M | $470.6M | $617.25M | $591.16M | $1.1B | $667.64M | $922.69M | $1B | $604.66M | $377.36M | $1B | $252.83M |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $10M | $0 | $0 | $0 | $14.12M | $28.3M | $17.12M | $19.37M | $6.09M |
| Cash and Short-Term Investments | $1.05B | $855M | $1B | $785.41M | $854.32M | $891M | $189M | $465.57M | $635.84M | $458.54M | $295.19M | $470.6M | $617.25M | $591.16M | $1.1B | $667.64M | $922.69M | $1B | $443.63M | $394.48M | $1.02B | $258.92M |
| Accounts Receivable | $5.01B | $4.12B | $1.81B | $1.9B | $1.79B | $1.34B | $1.4B | $1.44B | $1.6B | $1.31B | $1.27B | $1.29B | $1.35B | $1.38B | $1.28B | $1.73B | $1.08B | $1.14B | $1.34B | $1.32B | $1.25B | $909.55M |
| Inventory | $4.34B | $3.55B | $1.2B | $1.26B | $1.05B | $773M | $819M | $981.47M | $1.02B | $829.79M | $812.32M | $863.37M | $996.99M | $977.33M | $907.26M | $848.52M | $839.59M | $867.28M | $994.6M | $831.7M | $641.41M | $455M |
| Other Current Assets | $1.86B | $1.53B | $427.34M | $551.93M | $279.78M | $177M | $204M | $412.41M | $300.73M | $256.88M | $355.46M | $567.6M | $517.99M | $532.19M | $411.12M | -$36.25M | $483.7M | $543.68M | $821.1M | $526M | $32.83M | $39.87M |
| Total Current Assets | $12.26B | $10.05B | $4.57B | $4.5B | $4.07B | $3.26B | $2.68B | $3.38B | $3.55B | $2.85B | $2.73B | $3.19B | $3.49B | $3.48B | $3.75B | $3.25B | $3.36B | $3.59B | $3.66B | $3.13B | $2.94B | $1.66B |
| Long-Term Assets | ||||||||||||||||||||||
| Property, Plant & Equipment Net | $27.29B | $22.68B | $6.17B | $4.99B | $4.71B | $4.26B | $4.37B | $4.13B | $3.89B | $3.43B | $3.39B | $3.69B | $4.17B | $4.11B | $3.85B | $4.12B | $4.52B | $4.34B | $4.85B | $4.55B | $3.54B | $2.44B |
| Goodwill | $8.48B | $6.82B | $2.84B | $2.54B | $2.51B | $2.34B | $2.38B | $2.7B | $2.74B | $2.42B | $2.55B | $2.75B | $3.09B | $2.98B | $2.79B | $0 | $0 | $1.95B | $2.25B | $2.32B | $2.28B | $1.4B |
| Intangible Assets | $1.24B | $1.12B | $218M | $215.73M | $210.83M | $208M | $233M | $261.95M | $171.56M | $189.31M | $196.79M | $172.67M | $118.76M | $126.96M | $71.29M | $2.94B | $3.18B | $3B | $166.37M | $205.41M | $232.7M | $3.87M |
| Long-Term Investments | $0 | $0 | $0 | $0 | $23.98M | $23M | $26M | $34M | $34M | $38M | $38M | $38M | $50.86M | $54.02M | $56.73M | $16.18M | $49.01M | $47.06M | $134.03M | $148.63M | $171.49M | $162.94M |
| Deferred Tax Assets | $0 | $0 | $793.14M | $0 | $0 | $0 | $0 | $175.02M | $239.94M | $199.82M | $218.66M | $288.19M | $280.32M | $255.24M | $229.41M | $178.22M | $401.17M | $317.4M | $375.05M | $398.86M | $306.48M | $102.89M |
| Other Long-Term Assets | $3.77B | $3.09B | -$537.14M | $211.06M | $176.86M | $200M | $231M | $174.19M | $174.75M | $196.53M | $185.03M | $183.31M | $164.56M | $185.36M | $164.9M | $56.97M | $26.92M | $35.08M | $1.19B | $794.2M | $74.63M | -$102.89M |
| Total Long-Term Assets | $40.78B | $33.7B | $9.48B | $7.96B | $7.63B | $7.03B | $7.25B | $7.48B | $7.25B | $6.47B | $6.58B | $7.12B | $7.88B | $7.7B | $7.17B | $7.31B | $8.18B | $7.74B | $8.97B | $8.42B | $6.61B | $4.01B |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $53.04B | $43.76B | $14.05B | $12.46B | $11.7B | $10.29B | $9.93B | $10.86B | $10.8B | $9.32B | $9.31B | $10.32B | $11.37B | $11.18B | $10.91B | $10.56B | $11.55B | $11.32B | $12.63B | $11.55B | $9.55B | $5.68B |
| Liabilities | ||||||||||||||||||||||
| Current Liabilities | ||||||||||||||||||||||
| Accounts Payable | $4.22B | $3.29B | $1.73B | $1.8B | $1.42B | $978M | $1.02B | $1.22B | $1.27B | $1.07B | $1.13B | $1.13B | $1.24B | $1.23B | $1.19B | $1.07B | $981.43M | $1.12B | $1.31B | $1.2B | $880.66M | $657.79M |
| Short-Term Debt | $406.41M | $1.05B | $191M | $86.85M | $73.94M | $71M | $110M | $168M | $676M | $140M | $86M | $67M | $69.54M | $87.01M | $206.08M | $188.85M | $190.56M | $146.33M | $151.2M | $163.55M | $829.64M | $274.62M |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $144.13M | $177.56M | $112.53M | $135.57M | $120.39M | $129.8M | $95.22M | $149.05M | $6.65M | $40.12M | $34.8M | $37.4M | $18.66M | $19.03M | $42.26M |
| 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 |
| Other Current Liabilities | $2.96B | $2.99B | $649M | $419.32M | $305.76M | $370M | $313M | $670.77M | $711.26M | $494.28M | $478.42M | $676.42M | $674.75M | $644.33M | $584.54M | $550.61M | $677.69M | $601.22M | $816.4M | $123.33M | $654.66M | $523.59M |
| Total Current Liabilities | $8.3B | $7.33B | $3.01B | $3.04B | $2.82B | $2.23B | $2.21B | $2.43B | $3.03B | $2.01B | $2B | $2.16B | $2.28B | $2.21B | $2.3B | $2.07B | $2.16B | $2.16B | $2.56B | $1.8B | $2.38B | $1.5B |
| Long-Term Liabilities | ||||||||||||||||||||||
| Long-Term Debt | $15.77B | $12.54B | $3.64B | $3.31B | $3.3B | $2.86B | $3.2B | $3.36B | $2.67B | $3.25B | $3.25B | $3.1B | $3.12B | $4.2B | $4.47B | $4.61B | $5.1B | $3.57B | $3.61B | $5.11B | $4.96B | $2.68B |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $14.72M | $0 | $0 | $0 | $15.87M | $16.85M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $3.87B | $3.6B | $280M | $0 | $0 | $0 | $0 | $579.48M | $685.32M | $192.46M | $426.71M | $410.31M | $222.11M | $310.79M | $272.18M | $273.97M | $465.64M | $312.07M | $447.12M | $553.61M | $558.16M | $375.26M |
| Other Long-Term Liabilities | $3.54B | $2.9B | $653M | $861.99M | $898.28M | $1.16B | $1.22B | $918.76M | $1.01B | $1.19B | $920.21M | $935.58M | $871.85M | $1.17B | $1.02B | $1.03B | $1.16B | $583.02M | $331.69M | $411.32M | $817.97M | $472.94M |
| Total Long-Term Liabilities | $23.19B | $19.04B | $4.87B | $4.43B | $4.48B | $4.28B | $4.72B | $5.13B | $4.44B | $4.68B | $4.76B | $5.22B | $5.63B | $5.71B | $5.78B | $5.92B | $6.73B | $6.66B | $6.88B | $6.15B | $6.42B | $3.62B |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $31.48B | $26.37B | $7.88B | $7.47B | $7.31B | $6.51B | $6.93B | $7.55B | $7.61B | $6.69B | $6.76B | $7.38B | $7.91B | $7.92B | $8.08B | $7.99B | $8.89B | $8.82B | $9.44B | $10.72B | $8.81B | $5.12B |
| Stockholders' Equity | ||||||||||||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $1.18M | $1M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $220K | $228K | $138K | $135K | $81K |
| Retained Earnings | $3.12B | $2.95B | $3.52B | $2.88B | $1.47B | $917M | $615M | $480.44M | $1.44B | $897.1M | $676.75M | $329.54M | $167.09M | -$210.28M | -$441.97M | -$734.14M | -$958.51M | -$945.23M | -$486.84M | -$675.62M | -$564.51M | -$280.26M |
| Comprehensive Income & Other | -$408.76M | -$1.45B | -$847M | -$1.13B | $318.75M | $256M | $393M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $386.09M | $610.99M | $71.33M | $72.3M | -$51M |
| Other Stockholders' Equity | $18.41B | $14.41B | $2.64B | $2.09B | $2.9B | $2.85B | $2.34B | $2.68B | $1.57B | $1.55B | $1.7B | $2.37B | $3.02B | $3.2B | $3.03B | $3.08B | $3.36B | $3.24B | $3.48B | $1.33B | $1.16B | $705.75M |
| Total Equity | $21.53B | $17.36B | $6.16B | $4.98B | $4.38B | $3.77B | $2.95B | $3.16B | $3.01B | $2.45B | $2.38B | $2.7B | $3.19B | $2.98B | $2.59B | $2.34B | $2.4B | $2.3B | $2.99B | $653.54M | $592.29M | $425.57M |
| Minority Interest | $31.71M | $27M | $16M | $14.01M | $12.99M | $13M | $41M | $149.85M | $181.16M | $183M | $165.09M | $239.55M | $274.79M | $280.37M | $247.55M | $230.08M | $256.46M | $201.85M | $200.39M | $179.95M | $134.69M | $116.61M |
| Total Liabilities and Equity | $53.01B | $43.73B | $14.04B | $12.45B | $11.68B | $10.28B | $9.88B | $10.71B | $10.62B | $9.14B | $9.14B | $10.08B | $11.09B | $10.9B | $10.67B | $10.33B | $11.29B | $11.12B | $12.43B | $11.37B | $9.4B | $5.55B |
| Supplementary Data | ||||||||||||||||||||||
| Total Debt | $16.18B | $13.6B | $4.13B | $3.74B | $3.75B | $3.28B | $3.69B | $3.54B | $3.35B | $3.4B | $3.34B | $3.18B | $3.19B | $4.29B | $4.68B | $4.8B | $5.3B | $3.75B | $3.82B | $5.35B | $5.87B | $3.05B |
| Net Debt | $15.13B | $12.74B | $3.13B | $2.96B | $2.9B | $2.38B | $3.5B | $3.08B | $2.72B | $2.94B | $3.04B | $2.71B | $2.58B | $2.79B | $3.58B | $4.14B | $4.37B | $2.75B | $4.96B | $4.97B | $4.87B | $2.79B |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 | FY 2005 | FY 2004 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | EUR | EUR | EUR | EUR | EUR | EUR | EUR | EUR | EUR | EUR | EUR | EUR | EUR | EUR | EUR | EUR | EUR | EUR | EUR | EUR |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 | 2005-12-31 | 2004-12-31 |
| Operating Activities | ||||||||||||||||||||||
| Net Income | $699M | $319M | $826M | $1.03B | $802.57M | $920M | $758.36M | -$462.14M | $691.03M | $687.81M | $654.89M | $459.65M | $405.98M | $421.88M | $282.55M | $543.96M | $382.54M | $392.57M | $819.42M | $303.87M | -$325.08M | -$40.74M |
| Depreciation & Amortization | $2.55B | $1.46B | $531.8M | $539.03M | $626.12M | $685.08M | $606.01M | $479.3M | $395.69M | $417.53M | $374.85M | $445.06M | $513.68M | $466.84M | $487.33M | $517.36M | $575.96M | $542.92M | $586.89M | $527.91M | $262.73M | $247.61M |
| Deferred Income Tax | -$190M | -$137M | -$28M | $41M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $139M | $206M | $66M | $68M | $0 | $43.05M | $43.69M | $25.17M | $27.59M | $12.62M | $30.61M | $31.62M | $35.9M | $34.39M | $19.44M | $5.32M | $4.3M | $5.57M | $36.07M | $10.67M | $0 | $0 |
| Changes in Working Capital: | ||||||||||||||||||||||
| Accounts Receivable | $164M | -$144M | $245M | -$91M | -$581.53M | $27.06M | $58.25M | -$113.25M | -$163.16M | -$53.64M | -$53.57M | -$137.41M | $6.9M | -$30.42M | -$59.62M | -$248.7M | $159.03M | $189.33M | -$76.38M | -$87.68M | $93.64M | -$34.36M |
| Inventory | $35M | $62M | $220M | -$209M | -$290.77M | $17.22M | $44.81M | -$96.09M | -$134.37M | -$63.1M | -$82M | -$38.91M | -$31.76M | $2.65M | -$68.69M | -$105.07M | $68.77M | $48.72M | -$100.08M | -$1.07M | $10.21M | $25.94M |
| Accounts Payable | -$23M | -$273M | -$260M | -$33M | $737.56M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$45.33M | $57.29M |
| Other Working Capital | -$105M | $6M | -$46M | $16M | $8.27M | $72.57M | -$49.29M | $102.95M | $165.56M | $17.88M | $115.89M | $131.33M | $58M | $2.65M | $181.45M | $234.07M | -$68.77M | $174.01M | $88.09M | $127.4M | -$14.37M | -$7.68M |
| Total Working Capital Change | $71M | -$349M | $159M | -$317M | -$126.47M | $116.85M | $53.77M | -$106.38M | -$131.97M | -$98.86M | -$19.68M | -$44.99M | $33.14M | -$25.13M | $53.14M | -$119.7M | $159.03M | $412.06M | -$88.37M | $38.65M | $44.15M | $41.19M |
| Other Non-Cash Items | $123M | -$20M | $4.2M | $66.97M | -$132.05M | -$231.23M | -$159.06M | $1.25B | -$90.97M | -$247.15M | -$188.99M | $3.65M | -$106.33M | -$144.15M | -$20.74M | -$470.81M | -$547.31M | -$619.48M | -$812.18M | -$542.93M | $225.83M | $91.27M |
| Net Cash from Operating | $3.39B | $1.48B | $1.56B | $1.43B | $1.17B | $1.53B | $1.3B | $1.18B | $891.38M | $771.95M | $851.68M | $894.99M | $882.38M | $753.83M | $821.72M | $476.13M | $574.53M | $733.64M | $541.83M | $338.17M | $207.63M | $339.34M |
| Investing Activities | ||||||||||||||||||||||
| Capital Expenditures | -$2.19B | -$1.47B | -$929M | -$930M | -$726.92M | -$606.37M | -$685.55M | -$603.98M | -$530.27M | -$449.08M | -$467.93M | -$522.89M | -$481.92M | -$417.91M | -$359.02M | -$401.65M | -$355.32M | -$441.3M | -$519.84M | -$402.97M | -$197.79M | -$186.38M |
| Acquisitions | -$6M | -$720M | -$33M | -$108M | -$471.61M | -$2.46M | -$126.58M | -$581.1M | -$56.39M | -$42.07M | -$338.92M | -$182.4M | -$41.43M | -$239.37M | -$16.85M | -$6.65M | -$12.89M | $51.51M | -$1.31M | -$15.62M | $408.34M | $28.94M |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$155K | -$1.99M | -$121K | -$998K |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $13.67M | $0 | $1.22M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.49M | $843K | $5.18M |
| Other Investing Activities | $55M | $72M | $31M | $18M | $5.91M | -$3.69M | -$11.2M | -$14.87M | $4.8M | $4.21M | $41.55M | -$2.43M | $17.95M | $22.48M | $32.4M | $6.65M | $1.43M | $84.92M | $94.51M | $1.06B | -$792.05M | -$12.04M |
| Net Cash from Investing | -$2.14B | -$2.11B | -$931M | -$1.02B | -$1.19B | -$612.52M | -$823.33M | -$1.2B | -$581.86M | -$473.27M | -$765.31M | -$706.5M | -$505.4M | -$634.8M | -$343.46M | -$401.65M | -$366.78M | -$304.87M | -$426.79M | $641.7M | -$580.78M | -$165.3M |
| Financing Activities | ||||||||||||||||||||||
| Debt Repaid | -$87M | -$1.37B | $55M | $7M | - | $516.58M | $294.61M | -$191.03M | -$64.78M | -$13.67M | -$96.21M | -$21.89M | $161.56M | $554.13M | $50.55M | $176.89M | $249.3M | -$132.25M | $2B | $794.7M | $14.1M | $127.14M |
| Common Stock Issuance | $0 | $0 | $0 | $0 | $0 | $797.01M | $2.24M | $0 | $1.2M | $0 | $2.19M | $2.43M | $9.67M | $35.71M | $10.37M | $11.97M | $0 | $0 | $2.18B | $0 | -$1.59M | $0 |
| Common Stock Repurchases | $0 | -$27M | -$30M | -$74M | -$26M | -$19.68M | -$25.76M | -$11.44M | -$12M | -$10.52M | -$14.21M | -$15.81M | -$20.71M | -$17.19M | $0 | $0 | $0 | $0 | $0 | $0 | -$332.18M | $0 |
| Dividends Paid | -$900M | -$650M | -$391M | -$349M | -$356.96M | -$319.79M | -$266.6M | -$243.65M | -$229.14M | -$174.58M | -$154.16M | -$130.11M | -$96.66M | -$66.13M | $0 | $0 | $0 | -$97.45M | $0 | $0 | $0 | $0 |
| Other Financing Activities | -$94M | -$83M | -$3M | -$1M | -$93.38M | -$19.68M | -$119.86M | -$16.01M | -$32.39M | $6.31M | -$17.49M | -$34.05M | -$69.04M | -$51.58M | -$6.48M | -$38.57M | -$118.92M | -$26.45M | -$208.71M | -$32.88M | -$6.45M | -$5.21M |
| Net Cash from Financing | -$1.3B | $607M | -$479M | -$431M | -$16.55M | -$78.72M | -$704.59M | -$80.07M | -$207.55M | -$165.12M | -$87.46M | -$155.65M | -$338.31M | -$653.32M | -$46.66M | -$203.48M | -$368.22M | $8.35M | -$29.12M | -$827.58M | $365.61M | -$132.35M |
| Forex Effect | $86M | -$121M | $10M | -$126M | $74.43M | $23.37M | -$19.04M | -$30.89M | $19.2M | $12.62M | -$106.05M | -$109.44M | -$37.28M | $2.65M | $14.26M | -$11.97M | $22.92M | -$8.35M | $0 | $0 | $1.01B | $0 |
| Net Change in Cash | $37M | -$145M | $159M | -$144M | $35.43M | $865.89M | -$244.2M | -$129.26M | $121.17M | $146.19M | -$107.14M | -$76.61M | $1.38M | -$531.65M | $445.86M | -$140.98M | -$137.54M | $428.77M | $85.92M | $152.29M | $1B | $0 |
| Supplementary Data | ||||||||||||||||||||||
| Operating Cash Flow | $3.39B | $1.48B | $1.56B | $1.43B | $1.17B | $1.53B | $1.3B | $1.18B | $891.38M | $771.95M | $851.68M | $894.99M | $882.38M | $753.83M | $821.72M | $476.13M | $574.53M | $733.64M | $541.83M | $338.17M | $207.63M | $339.34M |
| Capital Expenditure | -$2.19B | -$1.47B | -$929M | -$930M | -$702.1M | -$632.2M | -$707.95M | -$632.58M | -$549.46M | -$462.75M | -$479.96M | -$542.34M | -$494.35M | -$432.46M | -$365.5M | -$401.65M | -$355.32M | -$441.3M | -$519.84M | -$402.97M | -$195.57M | -$184.12M |
| Free Cash Flow | $1.2B | $17M | $630M | $503M | $468.06M | $901.55M | $594.81M | $549.07M | $341.92M | $309.2M | $371.72M | $352.64M | $388.03M | $321.37M | $456.22M | $74.48M | $219.21M | $292.34M | $21.99M | -$64.81M | $12.05M | $155.22M |
| Cash at Beginning | $855M | $1B | $841M | $985M | $94.21M | $211.55M | $436.87M | $575.38M | $482.28M | $276.6M | $394.68M | $515.59M | $584.11M | $1.09B | $623.42M | $630.4M | $873.98M | $381.43M | $339.82M | $153.72M | $0 | $0 |
| Cash at End | $892M | $855M | $1B | $841M | $129.64M | $1.08B | $192.67M | $446.12M | $603.45M | $422.78M | $287.54M | $438.98M | $585.49M | $559.42M | $1.07B | $489.43M | $736.43M | $810.2M | $425.74M | $306.01M | $1B | $252.83M |