ULTRAPAR HOLDINGS INC (UGP)
Ultrapar Participações S.A. (UGP) is a Brazilian company with widespread operations in gas distribution, fuel supply, and logistics/storage. Its geographical reach extends across Brazil, Mexico, Uruguay, Venezuela, other Latin American nations, North America (US, Canada), the Far East, and Europe. Through its Gas Distribution division, the company delivers liquefied petroleum gas (LPG) to residential, commercial, and industrial clients. This service primarily focuses on the Southern, Southeastern, and Northeastern parts of Brazil. Ultrapar's Fuel Distribution arm is responsible for marketing and distributing a variety of fuels, including gasoline, ethanol, diesel, fuel oil, kerosene, and natural gas for vehicles, as well as lubricants. This segment also manages a network of convenience stores and provides specialized automotive services like oil changes. The Storage segment oversees liquid bulk terminals, predominantly located in Brazil's Southeastern and Northeastern regions. By December 31, 2021, Ultrapar's extensive infrastructure included 7,104 Ipiranga service stations, 1,841 AmPm convenience stores, and 1,149 Jet Oil franchised locations. Additionally, it maintained 4 distribution centers and 7 Ultracargo terminals, collectively offering a storage capacity of 983,000 cubic meters. Furthermore, Ultrapar provides digital solutions such as the Abastece Aí payment application and the Km de Vantagens customer loyalty program. Founded in 1937, Ultrapar Participações S.A. maintains its corporate headquarters in São Paulo, Brazil.
Sector: Natural Gas Distribution
Industry: Oil & Gas Refining & Marketing
Ultrapar Participações S.A.
NYSE:UGPEnergy · Oil & Gas Refining & Marketing
PrePre-market-17.44%$6.39
Close$7.74-0.77%
AH Close$7.74-17.44%since
Close$7.74-0.77%AH Close$7.74-17.44%since
Mkt Cap$8.25B
Float1.07B
O/S1.07B
Inst Own5.5%
SI0.7%
Div Yield4.89%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$28.21B
Net Income$486.25M
Total Assets$9.96B
Free Cash Flow$300.73M
Debt & Equity
Debt 58%
Equity 42%
Total Debt$4.32B
Total Equity$3.1B
Shares Outstanding
Short Interest
Split History2 splits
- 2:1Forward splitApr 25, 20191 share → 2
- 4:1Forward splitFeb 25, 20111 share → 4
Balance Sheet Details
Assets$9.96B
Liabilities$6.45B
Accounts Receivable$1.43B
Accounts Payable$920.41M
Inventory$840.6M
PP&E (Net)$2.79B
Goodwill$297.39M
Intangible Assets$359.46M
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Revenue | $28.21B | $26.45B | $24.98B | $28.46B | $21.74B | $14.68B | $16.45B | $17.97B | $15.85B | $15.33B | $14.99B | $13.42B | $12.08B | $10.68B | $9.64B | $8.42B | $12.48B | $5.6B | $3.95B | $947.7M | $929.54M | $948.28M | $789.49M | $593.39M | $452.82M | $388.71M | $337.55M |
| YoY Growth | 6.6% | 5.9% | -12.2% | 30.9% | 48.2% | -10.8% | -8.5% | 13.4% | 3.4% | 2.2% | 11.7% | 11.2% | 13.0% | 10.8% | 14.5% | -32.6% | 122.9% | 41.9% | 316.5% | 2.0% | -2.0% | 20.1% | 33.0% | 31.0% | 16.5% | 15.2% | - |
| Cost of Revenue | $26.36B | $24.75B | $23.13B | $27B | $20.77B | $13.88B | $15.5B | $16.75B | $14.41B | $13.94B | $13.66B | $12.35B | $11.13B | $9.87B | $8.94B | $7.79B | $11.55B | $5.18B | $3.61B | $763.02M | $749.25M | $727.42M | $630.84M | $445.28M | $336.39M | $284M | $225.49M |
| Gross Profit | $1.85B | $1.71B | $1.85B | $1.46B | $971.94M | $792.95M | $950.36M | $1.22B | $1.44B | $1.39B | $1.33B | $1.08B | $946.17M | $816.85M | $697.86M | $625.95M | $934.7M | $419.24M | $336.27M | $184.67M | $180.29M | $220.87M | $158.66M | $148.1M | $116.43M | $104.71M | $112.06M |
| Gross Margin | 6.6% | 6.5% | 7.4% | 5.1% | 4.5% | 5.4% | 5.8% | 6.8% | 9.1% | 9.1% | 8.9% | 8.0% | 7.8% | 7.6% | 7.2% | 7.4% | 7.5% | 7.5% | 8.5% | 19.5% | 19.4% | 23.3% | 20.1% | 25.0% | 25.7% | 26.9% | 33.2% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $12.5M | $11.06M | $9.93M | $8.2M | $7.68M | $6.74M | $4.69M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $944.68M | $866.28M | $846.41M | $728.52M | $673.39M | $516.23M | $583.26M | $851.43M | $884.15M | $811.94M | $760.51M | $651.74M | $548.64M | $494.38M | $424.67M | $381.28M | $527.64M | $225.35M | $197.11M | $95.36M | $84.24M | $85.47M | $70.56M | $59.55M | $45.56M | $43.66M | $40.31M |
| Other | -$51.8M | -$164.28M | $95.3M | $68.41M | -$55.55M | -$29.62M | -$39.37M | $1.94M | -$47.47M | -$22.46M | -$20.18M | -$21.01M | -$17.91M | -$13.29M | -$14.54M | -$17.79M | $52.02M | $52.53M | $42.84M | $24M | $25.09M | $23.63M | $18.71M | $16.13M | $5.52M | $25.5M | $21.34M |
| Total Operating Expenses | $892.89M | $702M | $941.71M | $796.94M | $617.83M | $486.61M | $543.89M | $782.34M | $836.68M | $772.5M | $740.33M | $630.73M | $529.3M | $481.1M | $410.13M | $363.49M | $503.36M | $277.88M | $239.95M | $119.36M | $109.34M | $109.1M | $89.27M | $75.68M | $51.08M | $69.16M | $61.65M |
| Operating Income (EBIT) | $961.65M | $1.01B | $904.78M | $661.21M | $354.11M | $306.35M | $406.47M | $376.37M | $568.11M | $615.42M | $586.85M | $453.11M | $424.85M | $338.64M | $287.73M | $262.46M | $316.41M | $141.37M | $96.32M | $65.31M | $70.96M | $111.77M | $69.39M | $72.43M | $65.35M | $35.55M | $50.41M |
| Operating Margin | 3.4% | 3.8% | 3.6% | 2.3% | 1.6% | 2.1% | 2.5% | 2.1% | 3.6% | 4.0% | 3.9% | 3.4% | 3.5% | 3.2% | 3.0% | 3.1% | 2.5% | 2.5% | 2.4% | 6.9% | 7.6% | 11.8% | 8.8% | 12.2% | 14.4% | 9.1% | 14.9% |
| Interest Expense | $477.07M | $271.38M | $322.05M | $315.73M | $164.05M | $29.52M | $50.45M | $173.37M | $210.46M | $229.74M | $194.02M | $144.46M | $96.08M | $86.26M | $122.64M | $105.23M | $154.56M | $65.21M | $43.83M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Interest Income | $304.57M | $147.72M | $125.43M | $109.38M | $81.86M | $8.68M | $22.17M | $125.38M | $115.18M | $100.68M | $83.84M | $71.75M | $46.86M | $42.54M | $63.88M | $52.9M | $58.4M | $50.45M | $32.55M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | -$206.29M | -$210.37M | -$195.63M | -$288.72M | -$154.64M | -$117.78M | -$135.95M | -$25.43M | -$89.89M | -$165.48M | -$141.53M | -$91.53M | -$67.89M | -$51.49M | -$57.46M | -$52.33M | $44.96M | -$33.1M | -$23.24M | $2.39M | -$5.76M | -$12.09M | -$11.09M | -$14.23M | -$28.53M | -$25.5M | -$33.86M |
| Income Before Tax (EBT) | $755.36M | $794.92M | $709.15M | $372.48M | $199.48M | $188.56M | $270.52M | $350.95M | $478.22M | $449.94M | $445.32M | $361.58M | $244.49M | $286.66M | $229.01M | $210.13M | $227.27M | $110.14M | $74.52M | $67.71M | $65.19M | $99.68M | $58.3M | $58.2M | $36.81M | $10.05M | $20.03M |
| Income Tax Expense | $210.78M | $294.39M | $210.23M | $67.67M | $37.26M | $60.34M | $93.13M | $126.57M | $166.34M | $138.71M | $145.52M | $113.64M | $991K | $84.96M | $59.63M | $58.5M | $64.68M | $30.04M | $17.02M | $11.09M | $5.7M | $16.45M | $8.86M | $14.15M | $10.58M | $2.32M | $8.07M |
| Net Income | $486.25M | $468.2M | $483.47M | $356.85M | $168.53M | $177.03M | $74.02M | $227.97M | $311.96M | $309.44M | $297.93M | $246.03M | $242.76M | $200.34M | $168.19M | $151.65M | $161.35M | $77.34M | $36.04M | $55.77M | $59.25M | $82.16M | $48.63M | $44.05M | $26.23M | $7.73M | $11.97M |
| Net Income Margin | 1.7% | 1.8% | 1.9% | 1.3% | 0.8% | 1.2% | 0.5% | 1.3% | 2.0% | 2.0% | 2.0% | 1.8% | 2.0% | 1.9% | 1.7% | 1.8% | 1.3% | 1.4% | 0.9% | 5.9% | 6.4% | 8.7% | 6.2% | 7.4% | 5.8% | 2.0% | 3.5% |
| Supplementary Data | |||||||||||||||||||||||||||
| EPS | 2.25 | 2.11 | 2.21 | 1.65 | 0.78 | 0.82 | 0.16 | 0.49 | 1.45 | 0.65 | 1.38 | 1.14 | 0.52 | 0.43 | 0.36 | 0.72 | 0.63 | 0.36 | 0.27 | 0.44 | 0.47 | 0.65 | 0.38 | 0.39 | 0.27 | 0.08 | 0.12 |
| Diluted EPS | 2.19 | 2.11 | 2.21 | 1.64 | 0.78 | 0.82 | 0.16 | 0.49 | 1.44 | 0.65 | 1.37 | 1.13 | 0.52 | 0.43 | 0.36 | 0.72 | 0.63 | 0.36 | 0.27 | 0.44 | 0.47 | 0.65 | 0.38 | 0.39 | 0.27 | 0.08 | 0.12 |
| Weighted Average OS | 1.07B | 1.12B | 1.10B | 1.09B | 1.09B | 1.09B | 2.36B | 2.36B | 1.08B | 2.42B | 1.09B | 1.09B | 2.36B | 2.36B | 2.36B | 1.07B | 1.09B | 1.07B | 683.60M | 634.92M | 641.46M | 641.13M | 637.75M | 564.77M | 486.46M | 487.36M | 487.36M |
| EBITDA | $1.55B | $1B | $1.26B | $891.79M | $546.01M | $506.91M | $698.96M | $708.53M | $811.23M | $911.69M | $840.18M | $685.24M | $608.4M | $510.13M | $453.34M | $409.13M | $322.17M | $259.79M | $161.82M | $102.46M | $108.84M | $146M | $98.38M | $96.48M | $83.75M | $61.05M | $79.14M |
| EBITDA Margin | 5.5% | 3.8% | 5.0% | 3.1% | 2.5% | 3.5% | 4.2% | 3.9% | 5.1% | 5.9% | 5.6% | 5.1% | 5.0% | 4.8% | 4.7% | 4.9% | 2.6% | 4.6% | 4.1% | 10.8% | 11.7% | 15.4% | 12.5% | 16.3% | 18.5% | 15.7% | 23.4% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 | FY 2005 | FY 2004 | FY 2003 | FY 2002 | FY 2001 | FY 2000 | FY 1999 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Assets | |||||||||||||||||||||||||||
| Current Assets | |||||||||||||||||||||||||||
| Cash and Cash Equivalents | $628.86M | $410.5M | $1.17B | $1.11B | $451.82M | $527.92M | $104.2M | $780.54M | $991.19M | $846.96M | $535.6M | $560.27M | $451.02M | $406.24M | $354.89M | $523.62M | $652.48M | $252.67M | $170.88M | $76.13M | $220.65M | $123.78M | $112.26M | $126.41M | $6.9M | $170.78M | $169.72M |
| Short-Term Investments | $762.88M | $457.14M | $58.05M | $103.11M | $357.5M | $998.36M | $152.22M | $565.37M | $254.34M | $279.92M | $159.18M | $285.71M | $227.71M | $190.66M | $181.7M | $110.61M | $134.3M | $168.71M | $167.49M | $145.75M | $36.6M | $4.44M | $8.09M | $0 | $122.87M | $0 | $0 |
| Cash and Short-Term Investments | $1.39B | $867.64M | $1.23B | $1.22B | $809.32M | $1.53B | $256.43M | $1.35B | $1.25B | $1.13B | $694.78M | $845.98M | $678.73M | $596.89M | $536.59M | $634.23M | $786.78M | $421.38M | $338.37M | $221.88M | $257.25M | $128.22M | $120.35M | $126.41M | $129.77M | $170.78M | $169.72M |
| Accounts Receivable | $1.43B | $1.43B | $1.59B | $1.46B | $1.17B | $1.15B | $296.82M | $1.16B | $1.05B | $801.37M | $758.64M | $642.21M | $555.14M | $556.08M | $498.82M | $413.79M | $391.12M | $365.56M | $306.55M | $105.98M | $80.44M | $73.2M | $63.61M | $53.82M | $53.38M | $27.43M | $26.3M |
| Inventory | $840.6M | $776.2M | $850.38M | $972.18M | $776.54M | $762.91M | $183.03M | $664.72M | $691.95M | $547.16M | $460.42M | $361.02M | $315.57M | $242.83M | $259.61M | $224.62M | $325.7M | $204.84M | $125.05M | $42.94M | $37.96M | $40.83M | $27.18M | $21.06M | $18.87M | $19.71M | $18.25M |
| Other Current Assets | $98.73M | $76.76M | $0 | $0 | $2.18B | $0 | $8.77M | $285.54M | $276.03M | $144.66M | $34.03M | $20.43M | $98.98M | -$13.55M | $0 | $0 | $0 | $22.15M | $372.84M | $6.6M | $6.06M | $23.23M | $29.17M | $33.27M | $4.6M | $20.48M | $8.68M |
| Total Current Assets | $3.8B | $3.18B | $3.7B | $3.68B | $4.96B | $3.47B | $750.54M | $3.21B | $3.01B | $2.58B | $1.96B | $1.88B | $1.57B | $1.42B | $1.3B | $1.28B | $1.86B | $1.02B | $1.15B | $367.57M | $383.46M | $266.57M | $240.86M | $235.19M | $207.08M | $238.4M | $222.95M |
| Long-Term Assets | |||||||||||||||||||||||||||
| Property, Plant & Equipment Net | $2.79B | $1.75B | $1.6B | $1.52B | $1.42B | $2.01B | $470.62M | $1.91B | $1.31B | $1.82B | $1.08B | $1.01B | $1.39B | $931.62M | $847.91M | $793.37M | $1.31B | $620.53M | $449.57M | $219.78M | $212.43M | $207.61M | $191.16M | $154.46M | $140.36M | $155.71M | $176.92M |
| Goodwill | $297.39M | $194.66M | $186.89M | $181.87M | $162.11M | $184.83M | $45.9M | $302.21M | $312.73M | $288.22M | $288.55M | $288.55M | $157.46M | $159.46M | $139.9M | $141.56M | $263.09M | $98.43M | $0 | $1.21M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $359.46M | $183.49M | $319.19M | $198.27M | $129.43M | $168.77M | $40.92M | $167.3M | $425.91M | $379.89M | $364.17M | $337.25M | $272.3M | $230.64M | $165.09M | $125.08M | $35.77M | $19.4M | $13.26M | $10.85M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $1.19B | $984.42M | $251.72M | $109.82M | $90.73M | $761.01M | $100.09M | $352.7M | $46.49M | $31.07M | $113.09M | $39.91M | $65.41M | $32.7M | $17.81M | $6.38M | $10.53M | $1.43M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $386.23M | $185.66M | $248.72M | $177.99M | $113.3M | $314.99M | $44.24M | $101.89M | $108.12M | $82.69M | $110.77M | $91.66M | $74.53M | $92.18M | $101.09M | $10.85M | $163.42M | $80.99M | $23.7M | $11.5M | $12.08M | $12.55M | $12.12M | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $1.14B | $1.37B | $1.27B | $1.36B | $851.97M | $398.88M | $105.2M | -$4.75M | $400.98M | -$387.88M | $236.24M | $210.83M | -$283.24M | $163.1M | $148.45M | $216.64M | $191.33M | $77.16M | $212.69M | $160.46M | $120.64M | $41.94M | $31.1M | $32M | $39.12M | $54.87M | $40.62M |
| Total Long-Term Assets | $6.16B | $4.66B | $3.88B | $3.54B | $2.77B | $3.84B | $806.97M | $2.83B | $2.6B | $2.21B | $2.19B | $1.98B | $1.68B | $1.61B | $1.42B | $1.29B | $1.97B | $897.94M | $699.21M | $403.8M | $345.16M | $262.1M | $234.38M | $186.47M | $179.47M | $210.58M | $217.54M |
| 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 |
| Total Assets | $9.96B | $7.84B | $7.58B | $7.22B | $7.73B | $7.31B | $1.56B | $6.04B | $5.62B | $4.79B | $4.15B | $3.86B | $3.25B | $3.03B | $2.72B | $2.57B | $3.83B | $1.92B | $1.84B | $771.37M | $728.61M | $528.67M | $475.24M | $421.66M | $386.55M | $448.98M | $440.49M |
| Liabilities | |||||||||||||||||||||||||||
| Current Liabilities | |||||||||||||||||||||||||||
| Accounts Payable | $920.41M | $898.23M | $1.13B | $1.46B | $1.13B | $800.69M | $133.01M | $542M | $441.44M | $358.55M | $289.42M | $253.54M | $192.01M | $257.16M | $211.39M | $186.5M | $176.73M | $121.71M | $115.47M | $22.24M | $18M | $20.22M | $17.82M | $9.71M | $17.49M | $17.39M | $14.26M |
| Short-Term Debt | $910.05M | $689.33M | $394.98M | $665.95M | $567.93M | $645.19M | $65.21M | $450.05M | $693.75M | $490.04M | $217.08M | $681.59M | $362.27M | $322.2M | $456.31M | $161.74M | $224.61M | $326.07M | $243.48M | $33.19M | $39.98M | $75.64M | $75.31M | $43.56M | $24.85M | $26.66M | $37.79M |
| Current Income Tax Payable | $0 | $93.79M | $142.78M | $100.56M | $84.32M | $90.23M | $86.14M | $53.11M | $61.96M | $61.63M | $76.43M | $54.14M | $45.62M | $36.3M | $29.38M | $46.51M | $49.93M | $21.08M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $1.11M | $3.62M | $1.36M | $5.27M | $3.65M | $4.42M | $4.84M | $4.65M | $3.51M | $3.58M | $3.91M | $2.89M | $113.58M | $89.96M | $20K | $40K | $40K | $0 | $0 | $0 | $17.95M | $0 | $0 |
| Other Current Liabilities | $305.66M | $65.35M | $192.02M | $93.53M | $557.59M | $156.15M | $13.51M | $100.51M | $120M | $16.31M | $88.54M | $75.09M | $107.27M | $18.13M | $14.78M | $56.44M | $394.2M | $43.71M | $173.73M | $40.17M | $38.68M | $39.94M | $31.76M | $39.51M | $3.68M | $19.71M | $18.64M |
| Total Current Liabilities | $2.35B | $2.08B | $2.23B | $2.53B | $2.5B | $1.83B | $255.91M | $1.26B | $1.39B | $1.09B | $759.62M | $1.13B | $745.97M | $742.99M | $812.01M | $498.95M | $860.06M | $544.48M | $613.01M | $95.64M | $96.7M | $135.79M | $124.89M | $92.78M | $63.97M | $63.75M | $70.68M |
| Long-Term Liabilities | |||||||||||||||||||||||||||
| Long-Term Debt | $3.14B | $2.06B | $1.94B | $1.66B | $2.68B | $2.8B | $653.94M | $2.55B | $1.99B | $1.76B | $1.54B | $968.71M | $1.01B | $902.94M | $637.12M | $906.43M | $664.34M | $396.5M | $269.32M | $273.15M | $253.21M | $51.16M | $60.45M | $72.05M | $57.52M | $57.57M | $55.25M |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2.35M | $2.56M | $2.48M | $2.19M | $1.53M | $1.81M | $1.95M | $1.73M | $1.17M | $125.07M | $35.91M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $313.07M | $147.31M | $135.31M | $201.65M | $161.01M | $124.17M | $21.18M | $171.45M | $178.3M | $144.08M | $188.38M | $153.79M | $112.89M | $126.13M | $7.53M | $92.06M | $4.35M | $3.61M | $357K | $5.14M | $4.77M | $6.36M | $5.66M | $6.9M | $4.6M | $5.41M | $10.9M |
| Other Long-Term Liabilities | $375.34M | $187.76M | $261.43M | $156.59M | $81.99M | $276.3M | $73.9M | $279.26M | $290.73M | $228.38M | $213.56M | $191.88M | $48.21M | $166.92M | $151.47M | $136.36M | $623.37M | $39.47M | $43.35M | $8.68M | $13.57M | $12.53M | $10.12M | $7.77M | $15.19M | $14.68M | $5.84M |
| Total Long-Term Liabilities | $4.1B | $2.62B | $2.57B | $2.28B | $3.15B | $3.51B | $817.12M | $2.85B | $2.3B | $2B | $1.81B | $1.2B | $1.2B | $1.1B | $806.06M | $1.05B | $1.29B | $442.13M | $313.03M | $286.97M | $271.55M | $70.05M | $76.24M | $86.71M | $77.31M | $77.66M | $71.99M |
| 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 |
| Total Liabilities | $6.45B | $4.7B | $4.8B | $4.81B | $5.66B | $5.35B | $1.07B | $4.1B | $3.69B | $3.09B | $2.57B | $2.33B | $1.95B | $1.84B | $1.62B | $1.55B | $2.15B | $986.61M | $926.04M | $382.61M | $368.25M | $205.84M | $201.13M | $179.49M | $141.28M | $141.42M | $142.68M |
| 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 |
| Common Stock | $1.58B | $1.31B | $1.31B | $1.02B | $1.02B | $1.03B | $254.76M | $1.02B | $1.02B | $760.67M | $760.67M | $760.67M | $732.55M | $732.55M | $0 | $0 | $1.28B | $732.55M | $0 | $0 | $187.34M | $131.61M | $131.05M | $131.58M | $86.05M | $108.57M | $98.88M |
| Retained Earnings | $0 | $0 | $5.47M | $0 | $0 | $10.99M | $0 | $833.94M | $751.73M | $264.16M | $264.16M | $665.55M | $568.36M | $469.98M | $0 | $303.02M | $441.88M | $0 | $183.38M | $194.36M | $0 | $0 | $0 | $0 | $0 | $89.64M | $21.74M |
| Comprehensive Income & Other | $1.68B | $1.79B | $1.42B | $1.37B | $1.06B | $951.24M | $235.06M | $920.69M | $897.16M | $995.51M | $879.84M | $747.72M | $541.57M | $448.07M | -$877K | -$3.69M | -$1.83M | $1.64M | $2.3M | $2.69M | $168.82M | $187.39M | $137.2M | $104.45M | $72.71M | $8.5M | $72.84M |
| Other Stockholders' Equity | $1.52B | $1.69B | $1.36B | $1.3B | $970.02M | $854.23M | $211.15M | $13.45M | $82.42M | $664.99M | $549.55M | $99.2M | -$8.92M | -$15.51M | $1.1B | $718.15M | -$50.39M | $188.9M | $728.25M | $187.86M | $167.16M | $185.62M | $136.71M | $104.45M | $72.25M | $8.89M | $72.84M |
| Total Equity | $3.1B | $3B | $2.68B | $2.32B | $1.99B | $1.89B | $465.92M | $1.87B | $1.86B | $1.69B | $1.57B | $1.53B | $1.29B | $1.19B | $1.1B | $1.02B | $1.67B | $921.46M | $911.63M | $382.21M | $354.5M | $317.24M | $267.76M | $236.03M | $158.3M | $207.1M | $193.46M |
| Minority Interest | $408.86M | $131.72M | $103.7M | $92.39M | $79.72M | $74.61M | $18.57M | $69.73M | $67.29M | $6.12M | $5.76M | $5.67M | $5.33M | $5.05M | $5.19M | $4.41M | $12.1M | $7.57M | $6.9M | $6.54M | $5.86M | $5.59M | $6.35M | $6.14M | $86.97M | $100.46M | $104.35M |
| Total Liabilities and Equity | $9.55B | $7.71B | $7.48B | $7.13B | $7.65B | $7.24B | $1.54B | $5.97B | $5.55B | $4.78B | $4.15B | $3.85B | $3.24B | $3.03B | $2.72B | $2.57B | $3.82B | $1.91B | $1.84B | $764.82M | $722.75M | $523.08M | $468.88M | $415.52M | $299.58M | $348.52M | $336.14M |
| Supplementary Data | |||||||||||||||||||||||||||
| Total Debt | $4.32B | $3.04B | $2.63B | $2.63B | $3.51B | $3.81B | $787.25M | $3.01B | $2.69B | $2.26B | $1.76B | $1.66B | $1.38B | $1.24B | $1.1B | $1.07B | $1.5B | $5.05M | $646.46M | $306.34M | $293.19M | $126.8M | $135.76M | $115.61M | $82.37M | $84.23M | $92.98M |
| Net Debt | $3.7B | $2.63B | $1.46B | $1.52B | $3.06B | $3.28B | $683.04M | $2.23B | $1.7B | $1.42B | $1.23B | $1.1B | $930.06M | $830.79M | $747.19M | $545.65M | $848.77M | -$247.62M | $475.58M | $230.22M | $72.54M | $3.01M | $23.51M | -$10.8M | $75.47M | -$86.55M | -$76.75M |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Operating Activities | |||||||||||||||||||||||||||
| Net Income | $516.78M | $468.2M | $498.91M | $304.81M | $162.22M | $128.22M | $79.85M | $224.38M | $311.88M | $311.23M | $299.81M | $247.94M | $243.48M | $201.7M | $169.38M | $151.63M | $161.35M | $77.34M | $36.04M | $55.77M | $59.25M | $82.16M | $48.63M | $44.05M | $26.23M | $7.73M | $11.97M |
| Depreciation & Amortization | $314.31M | $240.31M | $228.83M | $203.57M | $182.49M | $166.1M | $219.45M | $161M | $139.61M | $218.68M | $198.68M | $175.93M | $154.35M | $137.98M | $114.95M | $105.19M | $151.87M | $75.42M | $59.56M | $37.14M | $37.45M | $34.23M | $28.99M | $24.06M | $18.41M | $23.57M | $21.34M |
| Deferred Income Tax | $1.73M | $0 | $210.23M | $79.77M | $55.75M | $64.62M | -$19.31M | $32.18M | -$16.45M | -$19.92M | $2.94M | $4.31M | $18.03M | $21.25M | $17.01M | $26.7M | $8.8M | -$2.52M | -$18.27M | -$1.07M | -$5.43M | $297K | -$3.1M | $951K | $0 | -$5.41M | $277K |
| Stock-Based Compensation | $0 | $22.25M | $0 | $7.33M | $0 | $2.07M | $1.52M | $1.97M | $2.48M | $3.64M | $3.36M | $2.44M | $1.93M | $1.27M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | |||||||||||||||||||||||||||
| Accounts Receivable | -$69.3M | -$289.78M | -$186.58M | -$154.41M | -$353.3M | -$74.16M | $73.91M | -$90.26M | -$131.8M | -$64.74M | -$121.94M | -$42.07M | -$1.66M | -$48.57M | -$64.24M | -$20.99M | $13.83M | -$23.82M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | -$29.39M | $73.57M | $127.87M | -$199.11M | -$322.34M | $21.43M | -$70.85M | $33.43M | -$120.04M | -$52.11M | -$121.94M | -$36.53M | -$59.24M | $9.12M | -$32.55M | -$26.02M | $130.61M | -$76.71M | -$12.74M | -$5.02M | $3.68M | -$13.54M | -$3.95M | -$2.34M | -$1.38M | $386K | -$1.64M |
| Accounts Payable | -$6.18M | -$239.7M | -$336.97M | $308.7M | $480.7M | $158.17M | -$6.26M | $114.17M | $81.72M | $49.37M | $35.87M | $38.06M | -$65.15M | $40.53M | $30.83M | $4.19M | $9.39M | $5.33M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | -$95.22M | -$62.5M | $27.08M | -$293.74M | $61K | -$29.67M | -$68.61M | -$96.19M | $88.27M | $29.95M | $109.36M | $30.16M | $75.77M | $33.79M | -$13.95M | -$9.28M | $56.91M | -$40.92M | $24.43M | -$8.66M | -$3.41M | -$3.55M | -$1.36M | -$22.59M | -$9.2M | -$9.27M | -$3.27M |
| Total Working Capital Change | -$200.09M | -$518.41M | -$368.59M | -$338.56M | -$194.88M | $75.76M | -$71.82M | -$38.85M | -$81.85M | -$37.54M | -$98.65M | -$10.38M | -$50.28M | $34.87M | -$79.91M | -$52.09M | $210.74M | -$136.12M | $11.69M | -$13.68M | $278K | -$17.09M | -$5.31M | -$24.93M | -$10.58M | -$8.89M | -$4.91M |
| Other Non-Cash Items | $57.55M | $527.89M | $193.49M | $140.33M | $306.85M | $185.08M | $369.9M | $202.89M | $96.02M | $152M | $317.86M | $193.67M | $122.63M | $123.92M | -$29.79M | $190K | $428K | $141.35M | $40K | $633K | -$925 | -$526 | -$7.76M | $48.77M | $33.13M | $386K | $356 |
| Net Cash from Operating | $690.28M | $740.24M | $762.88M | $397.25M | $512.43M | $621.85M | $579.59M | $572.47M | $451.69M | $498.11M | $634.44M | $525.26M | $420.23M | $485.46M | $338.88M | $298.86M | $569.14M | $74.01M | $92.77M | $75.97M | $81.19M | $106.95M | $61.46M | $92.9M | $67.19M | $47.14M | $59.98M |
| Investing Activities | |||||||||||||||||||||||||||
| Capital Expenditures | -$389.55M | -$354.14M | -$255.1M | -$241.55M | -$206.74M | -$148.74M | -$245.73M | -$280.57M | -$409.1M | -$330.21M | -$280.02M | -$260.54M | -$238.61M | -$269.74M | -$212.3M | -$180.02M | -$180.89M | -$184.21M | -$131.76M | -$52.33M | -$35.53M | -$45.03M | -$33.79M | -$33.45M | -$28.99M | -$30.14M | -$15.14M |
| Acquisitions | $316.75M | $103K | $614K | -$1.19M | -$4.8M | -$5.71M | -$15.68M | -$25.83M | $8.69M | -$9.37M | -$8.14M | -$3.84M | -$5.84M | -$30.98M | $426K | $6.92M | -$263.79M | -$83.42M | $33.03M | $4.09M | $2.38M | -$2.04M | -$26.66M | -$42.19M | -$2.76M | -$386K | $0 |
| Purchases of Investments | -$293.51M | -$1.19B | -$64.23M | -$5.55M | $0 | -$172.35M | -$125.73M | -$337.24M | -$3.17M | -$32.42M | $0 | $0 | $0 | $0 | -$97.07M | -$25.86M | -$470.34M | $0 | -$202.98M | -$175.48M | -$93.12M | -$8.82M | -$8.33M | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $274.7M | $116.28M | $1.07B | $433.09M | $30.66M | $125.73M | $248K | $12.06M | $0 | $113.63M | $0 | $0 | $0 | -$72.49M | $6.5M | $123.89M | $0 | $110.56M | $62.31M | $2.5M | $3.71M | $3M | $0 | $0 | $0 | $0 |
| Other Investing Activities | -$188.91M | $0 | $0 | $750.73M | -$78.05M | -$127.2M | -$102.27M | -$323.27M | $21.51M | -$26.78M | $129.28M | -$40.83M | -$10.75M | -$10.74M | $92.54M | $13.41M | $289.29M | $10.22M | -$6.88M | -$19.57M | -$10.16M | -$7.89M | -$11.45M | -$9.02M | -$9.2M | -$5.41M | -$4.99M |
| Net Cash from Investing | -$555.22M | -$1.27B | -$202.43M | $1.57B | $143.49M | -$423.35M | -$363.67M | -$629.68M | -$378.91M | -$366.35M | -$158.88M | -$305.21M | -$255.21M | -$311.46M | -$288.89M | -$179.05M | -$501.84M | -$257.41M | -$198.02M | -$180.98M | -$133.93M | -$60.08M | -$77.23M | -$84.65M | -$40.96M | -$35.93M | -$20.13M |
| Financing Activities | |||||||||||||||||||||||||||
| Debt Repaid | - | -$232.96M | $91.16M | $927.39M | $267.04M | -$261.93M | $131.15M | -$147.68M | -$404.9M | -$566.6M | $88.21M | -$175.3M | -$134.96M | -$51.8M | $1.39M | -$146.63M | -$572.64M | -$161.32M | -$56.91M | $6.68M | -$164.28M | $7.65M | -$19.5M | -$10.42M | $16.57M | $1.16M | $10.69M |
| Common Stock Issuance | $0 | $0 | $0 | $4.3M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $9.33M | $0 | $0 | $0 | $0 | $0 | $66.3M |
| Common Stock Repurchases | -$51.86M | -$29.51M | $0 | -$4.3M | $0 | $0 | $0 | $0 | $0 | $0 | -$77.03M | -$448K | $0 | $0 | $0 | $0 | $0 | -$20.81M | -$4.99M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | -$421.97M | -$165.2M | -$79.27M | -$126.48M | -$139.85M | -$56.43M | -$118.19M | -$160.23M | -$186.32M | -$173.05M | -$164.8M | -$155.16M | -$140.97M | -$108.71M | -$99.48M | -$67.24M | -$48.13M | -$79.05M | -$13.01M | -$29.44M | -$25.67M | -$26.21M | -$15.81M | -$12.07M | -$48.32M | -$11.21M | -$7.49M |
| Other Financing Activities | -$127.04M | -$282.8M | -$323.86M | -$315.55M | -$258.04M | -$322.88M | -$290.32M | -$146.18M | -$151.14M | -$209.59M | -$169.47M | -$127M | -$108.69M | $109K | -$67.57M | -$2.77M | -$459K | $341.94M | $43.46M | -$19.1M | $2.94M | -$1.17M | -$1.56M | -$10.19M | -$2.3M | -$14.68M | -$505K |
| Net Cash from Financing | $85.86M | -$244.55M | -$494.29M | -$1.37B | -$664.93M | -$117.38M | -$579.07M | -$158.73M | $67.44M | $183.97M | -$499.5M | -$106.88M | -$114.71M | -$122.59M | -$218.85M | $30.44M | $146.19M | $263.63M | $210.37M | -$36.29M | $150.9M | -$35.04M | $2.13M | -$11.83M | -$67.19M | -$27.05M | $47.62M |
| Forex Effect | $44.01M | $6.42M | -$5.94M | -$8.59M | $10.31M | $27.1M | $1.8M | $5.28M | $4.01M | -$4.36M | -$725K | -$3.93M | $203K | -$78K | $138K | -$654K | -$1.78M | $1.55M | -$10.54M | -$2.83M | -$1.19M | -$793K | $572 | $0 | $0 | $386K | -$356 |
| Net Change in Cash | $264.93M | -$763.72M | $60.22M | $585.3M | $1.3M | $108.22M | -$361.36M | -$210.65M | $144.23M | $311.36M | -$24.67M | $109.24M | $50.52M | $51.34M | -$168.73M | $149.59M | $211.71M | $81.78M | $94.57M | -$144.13M | $96.98M | $11.04M | -$13.64M | -$3.59M | -$40.96M | -$15.46M | $87.47M |
| Supplementary Data | |||||||||||||||||||||||||||
| Operating Cash Flow | $690.28M | $740.24M | $762.88M | $397.25M | $512.43M | $621.85M | $579.59M | $572.47M | $451.69M | $498.11M | $634.44M | $525.26M | $420.23M | $485.46M | $338.88M | $298.86M | $569.14M | $74.01M | $92.77M | $75.97M | $81.19M | $106.95M | $61.46M | $92.9M | $67.19M | $47.14M | $59.98M |
| Capital Expenditure | -$389.55M | -$354.14M | -$255.1M | -$241.55M | -$253.8M | -$179.36M | -$245.73M | -$280.57M | -$409.1M | -$330.21M | -$280.02M | -$260.54M | -$238.61M | -$269.74M | -$212.3M | -$180.02M | -$180.89M | -$184.21M | -$131.76M | -$52.33M | -$35.53M | -$45.03M | -$33.79M | -$33.45M | -$28.99M | -$30.14M | -$15.14M |
| Free Cash Flow | $300.73M | $386.09M | $507.78M | $155.7M | $258.63M | $442.48M | $333.86M | $291.9M | $42.58M | $167.9M | $354.42M | $264.72M | $181.62M | $215.72M | $126.58M | $118.84M | $388.25M | -$110.2M | -$38.99M | $23.64M | $45.67M | $61.92M | $27.67M | $59.45M | $38.2M | $17M | $44.84M |
| Cash at Beginning | $363.93M | $1.17B | $1.11B | $528.7M | $450.52M | $419.18M | $780.54M | $991.19M | $846.96M | $535.6M | $560.27M | $451.02M | $400.5M | $354.89M | $523.62M | $374.02M | $440.77M | $170.89M | $76.3M | $220.26M | $123.67M | $112.74M | $125.89M | $129.99M | $170.73M | $186.24M | $82.26M |
| Cash at End | $628.86M | $410.5M | $1.17B | $1.11B | $451.82M | $527.4M | $419.18M | $780.54M | $991.19M | $846.96M | $535.6M | $560.27M | $451.02M | $406.24M | $354.89M | $523.62M | $652.48M | $252.67M | $170.88M | $76.13M | $220.65M | $123.78M | $112.26M | $126.41M | $129.77M | $170.78M | $169.72M |