Ventas, Inc. (VTR)
Ventas, Inc. is an S&P 500 company enabling exceptional environments that benefit a large and growing aging population. With approximately 1,450 properties in North America and the United Kingdom, Ventas occupies an essential role in the longevity economy. The Company’s growth is fueled by its more than 900 senior housing communities, which provide valuable services to residents and enable them to thrive in supported environments. Ventas aims to deliver outsized performance by leveraging its operational expertise, data-driven insights from its Ventas OITM platform, extensive relationships and strong financial position. The Ventas portfolio also includes outpatient medical buildings, research centers and healthcare facilities. Ventas, Inc. is based in Illinois, Chicago. Ventas, Inc. was incorporated in 1983 in Maryland.
Sector: Real Estate Investment Trusts
Industry: REIT - Healthcare Facilities
Ventas, Inc.
NYSE:VTRReal Estate · REIT - Healthcare Facilities
-0.22%$86.80
AH Close$86.80+0.00%vs close
AH Close$86.80+0.00%vs close
Mkt Cap$44.52B
Float484.19M
O/S512.95M
Inst Own101.6%
SI3.4%
Div Yield2.35%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$5.83B
Net Income$251.38M
Total Assets$27.59B
Free Cash Flow$1.32B
Debt & Equity
Debt 51%
Equity 49%
Total Debt$13.22B
Total Equity$12.53B
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in VTR's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$27.59B
Liabilities$15.01B
Accounts Receivable$415.57M
Accounts Payable$1.24B
Inventory$0
PP&E (Net)$0
Goodwill$1.05B
Intangible Assets$10.68M
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 | FY 2005 | FY 2004 | FY 2003 | FY 2002 | FY 2001 | FY 2000 | FY 1999 | FY 1998 | FY 1997 | FY 1996 | FY 1995 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 | 2005-12-31 | 2004-12-31 | 2003-12-31 | 2002-12-31 | 2001-12-31 | 2000-12-31 | 1999-12-31 | 1998-12-31 | 1997-12-31 | 1996-12-31 | 1995-12-31 |
| Revenue | $5.83B | $4.92B | $4.5B | $4.13B | $3.83B | $3.8B | $3.87B | $3.75B | $3.57B | $3.44B | $3.29B | $3.08B | $2.81B | $2.49B | $1.76B | $1.02B | $931.58M | $929.77M | $771.79M | $418.45M | $324.72M | $232.91M | $205M | $196.7M | $204.58M | $242.32M | $233.25M | $149.93M | $3.12B | $2.58B | $2.32B |
| YoY Growth | 18.5% | 9.5% | 8.9% | 7.9% | 0.9% | -2.0% | 3.4% | 4.8% | 3.8% | 4.8% | 6.8% | 9.5% | 13.1% | 40.8% | 73.6% | 9.2% | 0.2% | 20.5% | 84.4% | 28.9% | 39.4% | 13.6% | 4.2% | -3.9% | -15.6% | 3.9% | 55.6% | -95.2% | 20.9% | 10.9% | - |
| Cost of Revenue | $6.18B | $2.83B | $2.56B | $2.28B | $2.09B | $1.94B | $1.81B | $1.69B | $1.49B | $1.44B | $1.41B | $1.21B | $1.12B | $979.23M | $678.64M | $325.47M | $302.81M | $306.94M | $198.13M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Gross Profit | -$344.22M | $2.1B | $1.94B | $1.85B | $1.74B | $1.86B | $2.06B | $2.05B | $2.09B | $2B | $1.88B | $1.86B | $1.69B | $1.51B | $1.09B | $691.4M | $628.76M | $622.82M | $573.67M | $418.45M | $324.72M | $232.91M | $205M | $196.7M | $204.58M | $242.32M | $233.25M | $149.93M | $3.12B | $2.58B | $2.32B |
| Gross Margin | -5.9% | 42.6% | 43.1% | 44.7% | 45.4% | 48.9% | 53.2% | 54.8% | 58.4% | 58.1% | 57.1% | 60.6% | 60.2% | 60.6% | 61.5% | 68.0% | 67.5% | 67.0% | 74.3% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| 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 | $0 | $0 | $0 |
| Selling, General, and Administrative | $177.4M | $162.99M | $148.88M | $144.87M | $129.76M | $130.16M | $158.73M | $151.98M | $135.49M | $126.88M | $128.03M | $121.75M | $115.11M | $98.8M | $74.54M | $49.83M | $38.83M | $40.65M | $36.42M | $26.14M | $23.1M | $16.92M | $12.72M | $9.76M | $10.24M | $9.69M | $7.77M | $5.7M | $0 | $1.49B | $0 |
| Other | -$1.35B | $1.25B | $1.37B | $1.22B | $1.19B | $1.13B | $1.05B | -$66.77M | -$20.05M | -$9.99M | -$17.96M | -$38.92M | -$18.73M | -$6.96M | $0 | $0 | $263.98M | $161.7M | $161.7M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Operating Expenses | -$1.17B | $1.42B | $1.52B | $1.36B | $1.32B | $1.26B | $1.2B | $1.07B | $1.02B | $1.03B | $1.02B | $948.66M | $837.07M | $824.78M | $365.13M | $265.22M | $244.49M | $274.35M | $246.12M | $154.55M | $100.61M | $68.5M | $66.64M | $69.49M | $63.27M | $64.03M | $100.66M | $37.97M | $2.79B | $2.53B | $2.32B |
| Operating Income (EBIT) | $826.81M | $681.23M | $415.51M | $483.85M | $421.43M | $591.44M | $857.88M | $861.09M | $622.09M | $556.79M | $834.72M | $875.84M | $835.8M | $693.64M | $51.17M | $52.22M | $208.12M | $145.28M | $126.32M | $125.42M | $100.22M | $87.1M | $119.68M | $129.82M | $144.72M | $322.51M | $135.13M | $111.96M | $327.2M | $48.01M | $8.36M |
| Operating Margin | 14.2% | 13.8% | 9.2% | 11.7% | 11.0% | 15.6% | 22.2% | 23.0% | 17.4% | 16.2% | 25.4% | 28.5% | 29.7% | 27.9% | 2.9% | 5.1% | 22.3% | 15.6% | 16.4% | 30.0% | 30.9% | 37.4% | 58.4% | 66.0% | 70.7% | 133.1% | 57.9% | 74.7% | 10.5% | 1.9% | 0.4% |
| Interest Expense | $612.25M | $602.84M | $574.11M | $467.56M | $440.09M | $469.54M | $451.66M | $442.5M | $448.2M | $419.74M | $367.11M | $376.84M | $334.48M | $293.4M | $236.81M | $178.86M | $176.99M | $203.18M | $204.22M | $136.54M | $0 | $0 | $80.2M | $86.17M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Interest Income | $22.59M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $4.27M | $2.05M | $1.11M | $0 | $0 | $0 | $2.96M | $2.99M | $2.89M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | -$579.44M | -$630.65M | -$455.35M | -$541.7M | -$360.05M | -$246.79M | -$474.89M | -$569.59M | -$644.18M | -$354.58M | -$118.78M | -$8.73M | -$11.83M | -$79.43M | -$210.39M | -$202.44M | -$190.06M | -$185.42M | -$174.43M | -$136.54M | -$103.21M | -$42.85M | -$47.89M | -$79.14M | -$163.98M | -$252.5M | -$247.28M | -$124.73M | -$102.74M | $35.17M | $24M |
| Income Before Tax (EBT) | $247.37M | $50.58M | -$39.84M | -$57.86M | $61.39M | $344.65M | $382.99M | $376.04M | $584.15M | $522.87M | $350.25M | $448.38M | $478.48M | $298.27M | $330.44M | $227.13M | $194.27M | $145.28M | $120.35M | $130.58M | $120.9M | $100.17M | $96.73M | $50.69M | $54.28M | -$61.24M | $42.53M | $55.96M | $224.47M | $83.18M | $32.36M |
| Income Tax Expense | -$14.15M | -$37.77M | -$9.54M | -$16.93M | $4.83M | -$96.53M | -$56.31M | -$39.95M | -$59.8M | -$31.34M | -$39.28M | -$8.73M | -$11.83M | -$6.28M | -$31.14M | $5.2M | -$1.72M | -$15.88M | -$28.04M | $132.47M | $93.53M | $43.52M | -$22.91M | -$2.2M | $2.69M | $243.75M | $91.3M | $21.15M | $89.34M | $35.17M | $24M |
| Net Income | $251.38M | $81.15M | -$40.97M | -$47.45M | $49.01M | $439.15M | $433.02M | $409.47M | $1.36B | $649.23M | $417.84M | $475.77M | $453.51M | $362.8M | $364.49M | $246.17M | $266.5M | $226.29M | $282.32M | $131.43M | $130.58M | $120.9M | $162.75M | $65.71M | $50.57M | -$65.45M | $42.53M | $26.76M | $130.93M | $48.01M | -$14.89M |
| Net Income Margin | 4.3% | 1.6% | -0.9% | -1.1% | 1.3% | 11.6% | 11.2% | 10.9% | 38.0% | 18.9% | 12.7% | 15.5% | 16.1% | 14.6% | 20.7% | 24.2% | 28.6% | 24.3% | 36.6% | 31.4% | 40.2% | 51.9% | 79.4% | 33.4% | 24.7% | -27.0% | 18.2% | 17.8% | 4.2% | 1.9% | -0.6% |
| Supplementary Data | |||||||||||||||||||||||||||||||
| EPS | 0.55 | 0.20 | -0.10 | -0.13 | 0.13 | 1.18 | 1.18 | 1.15 | 3.82 | 1.88 | 1.26 | 1.62 | 1.55 | 1.24 | 1.60 | 1.57 | 1.75 | 1.62 | 2.26 | 1.26 | 1.37 | 1.45 | 2.05 | 0.95 | 0.74 | -0.96 | 0.63 | 0.39 | 1.90 | 0.68 | -0.24 |
| Diluted EPS | 0.54 | 0.19 | -0.10 | -0.13 | 0.13 | 1.17 | 1.17 | 1.14 | 3.78 | 1.86 | 1.25 | 1.60 | 1.54 | 1.23 | 1.58 | 1.56 | 1.74 | 1.62 | 2.25 | 1.25 | 1.36 | 1.43 | 2.03 | 0.93 | 0.73 | -0.96 | 0.63 | 0.39 | 1.86 | 0.68 | -0.21 |
| Weighted Average OS | 455.08M | 411.77M | 401.81M | 373.37M | 382.79M | 373.37M | 365.98M | 356.26M | 355.33M | 344.70M | 330.31M | 294.18M | 292.65M | 292.06M | 228.45M | 156.61M | 152.57M | 139.57M | 122.60M | 104.21M | 95.04M | 83.49M | 79.34M | 69.34M | 68.41M | 68.01M | 67.75M | 67.68M | 68.94M | 69.70M | 62.32M |
| EBITDA | $2.24B | $1.82B | $1.7B | $1.5B | $1.48B | $1.77B | $1.75B | $1.71B | $2.6B | $1.9B | $1.61B | $1.47B | $1.32B | $1.32B | $1B | $598.44M | $578.87M | $606.4M | $549.6M | $399.04M | $312.11M | $212.99M | $159.19M | $171.07M | $185.09M | $191.26M | $177.93M | $141.01M | $451.07M | $147.54M | $97.84M |
| EBITDA Margin | 38.4% | 37.0% | 37.8% | 36.3% | 38.6% | 46.6% | 45.1% | 45.6% | 72.9% | 55.3% | 49.0% | 47.8% | 47.1% | 52.9% | 56.7% | 58.9% | 62.1% | 65.2% | 71.2% | 95.4% | 96.1% | 91.4% | 77.7% | 87.0% | 90.5% | 78.9% | 76.3% | 94.1% | 14.5% | 5.7% | 4.2% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 | FY 2005 | FY 2004 | FY 2003 | FY 2002 | FY 2001 | FY 2000 | FY 1999 | FY 1998 | FY 1997 | FY 1996 | FY 1995 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 | 2005-12-31 | 2004-12-31 | 2003-12-31 | 2002-12-31 | 2001-12-31 | 2000-12-31 | 1999-12-31 | 1998-12-31 | 1997-12-31 | 1996-12-31 | 1995-12-31 |
| Assets | |||||||||||||||||||||||||||||||
| Current Assets | |||||||||||||||||||||||||||||||
| Cash and Cash Equivalents | $741.07M | $897.85M | $508.79M | $122.56M | $149.72M | $413.33M | $106.36M | $72.28M | $81.36M | $286.71M | $53.02M | $55.35M | $94.82M | $67.91M | $45.81M | $21.81M | $107.4M | $176.81M | $28.33M | $1.25M | $1.64M | $3.37M | $82.1M | $2.46M | $18.6M | $87.4M | $139.59M | $338K | $82.47M | $112.47M | $35.18M |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $237.55M | $237.36M | $206.44M | $54.66M | $55.05M | $63.68M | $63.12M | $21.45M | $0 | $43.33M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $72.2M | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $741.07M | $897.85M | $508.79M | $122.56M | $149.72M | $650.88M | $343.72M | $278.72M | $136.02M | $341.76M | $116.7M | $118.46M | $116.27M | $67.91M | $89.14M | $21.81M | $107.4M | $176.81M | $28.33M | $1.25M | $1.64M | $3.37M | $82.1M | $2.46M | $90.8M | $87.4M | $139.59M | $338K | $82.47M | $112.47M | $35.18M |
| Accounts Receivable | $415.57M | $375.68M | $248.25M | $748.95M | $726.03M | $832.36M | $1.05B | $800.06M | $1.62B | $944.1M | $1.05B | $944.96M | $505.6M | $755.33M | $309.46M | $0 | $0 | $0 | $2.09M | $2.47M | $2.84M | $3.22M | $3.77M | $4.14M | $3.63M | $3.42M | $3.61M | $10.99M | $619.07M | $420.76M | $360.15M |
| Inventory | $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 | $27.61M | $24.94M | $24.86M |
| Other Current Assets | $88.06M | $78.01M | $111.16M | $93.07M | $75.27M | $47.92M | $125.27M | $64.64M | $172.31M | $135.61M | $170.96M | $2.63B | $240M | $217.47M | $195.88M | $38.94M | $39.83M | $55.87M | $51.98M | $77.57M | -$4.48M | -$6.58M | -$85.88M | -$6.59M | -$94.44M | -$90.82M | -$143.21M | -$11.33M | $129M | $102.97M | $104.49M |
| Total Current Assets | $1.33B | $1.35B | $868.2M | $964.59M | $951.02M | $1.53B | $1.52B | $1.14B | $1.93B | $1.42B | $1.34B | $3.69B | $861.87M | $1.04B | $594.48M | $60.75M | $147.23M | $232.68M | $82.41M | $81.28M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $858.15M | $661.13M | $524.68M |
| Long-Term Assets | |||||||||||||||||||||||||||||||
| Property, Plant & Equipment Net | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $15.91B | $5.28B | $5.13B | $5.17B | $5.48B | $3.08B | $2.53B | $1.07B | $697.75M | $828.8M | $806.34M | $1.18B | $894.79M | $939.5M | $1.51B | $1.19B | $1.27B |
| Goodwill | $1.05B | $1.04B | $1.05B | $1.04B | $1.05B | $1.05B | $1.05B | $1.05B | $1.03B | $1.03B | $1.05B | $472.05M | $476.48M | $515.43M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $659.31M | $14.64M | $360.15M |
| Intangible Assets | $10.68M | $11.51M | $5.58M | $6.39M | $7.27M | $4.66M | $5.15M | $5.62M | $6.5M | $8.19M | $13.22M | $19.12M | $1.01B | $981.7M | $800.86M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $718.18M | $721.75M | $678.52M | $675.31M | $597.07M | $507.46M | $104.32M | $105.2M | $173.38M | $124.35M | $123.91M | $167.92M | $91.66M | $95.41M | $105.3M | $15.33M | $0 | $0 | $5.47B | $3.05B | $0 | $0 | $0 | $16.71M | $55.12M | $0 | $891K | $0 | $178.3M | $14.84M | $0 |
| Deferred Tax Assets | $2.8M | $1.93M | $1.75M | $10.49M | $11.15M | $9.99M | $47.49M | $205.22M | $250.09M | $316.64M | -$18.91B | $344.34M | $250.17M | $259.71M | $0 | $241.33M | $253.66M | $257.5M | $297.59M | $30.39M | $30.39M | $30.39M | $0 | $30.39M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $24.49B | $23.06B | $22.13B | $21.46B | $22.11B | $20.82B | $21.97B | $20.28B | $20.81B | $20.58B | $19.74B | $16.92B | $18.3B | $17.33B | $195.74M | $402.42M | $339.91M | $365.8M | -$5.32B | -$2.96B | -$2.53B | -$1.07B | -$697.75M | -$845.51M | -$861.45M | -$1.18B | -$895.68M | -$939.5M | $131.16M | $85.08M | $78.09M |
| Total Long-Term Assets | $26.27B | $24.84B | $23.86B | $23.19B | $23.77B | $22.4B | $23.18B | $21.44B | $22.03B | $21.75B | $20.92B | $17.48B | $18.87B | $17.94B | $16.68B | $5.7B | $5.47B | $5.54B | $5.63B | $3.17B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2.48B | $1.31B | $1.39B |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2.98B | $2.38B | $946.58M | -$5.81M | $749M | -$14.03M | $41.78M | $32.31M | $8.9M | $0 | $0 | $0 |
| Total Assets | $27.59B | $26.19B | $24.73B | $24.16B | $24.72B | $23.93B | $24.69B | $22.58B | $23.95B | $23.17B | $22.26B | $21.23B | $19.73B | $18.98B | $17.27B | $5.76B | $5.62B | $5.77B | $5.72B | $3.25B | $2.64B | $1.13B | $812.85M | $895.78M | $941.86M | $981.14M | $1.07B | $959.71M | $3.33B | $1.97B | $1.91B |
| Liabilities | |||||||||||||||||||||||||||||||
| Current Liabilities | |||||||||||||||||||||||||||||||
| Accounts Payable | $1.24B | $1.15B | $1.04B | $1.03B | $1.09B | $1.13B | $1.15B | $1.09B | $1.18B | $907.93M | $779.38M | $750.66M | $1B | $995.16M | $1.09B | $207.14M | $190.44M | $168.2M | $173.58M | $114.01M | $60.54M | $18.72M | $14.56M | $0 | $0 | $0 | $0 | $0 | $106.02M | $103.52M | $99.89M |
| Short-Term Debt | $0 | $6.4M | $14.01M | $428.23M | $336.45M | $193.49M | $848.73M | $856.41M | $538.7M | $146.54M | $180.68M | $919.1M | $376.34M | $540.73M | $455.58M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $400M | $400M | $27.47M | $54.69M | $9.57M |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $4.32M | $7.06M | $9.06M | $8.19M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $4.03M | $2.73M | $9.24M | $6.49M | $10.85M | $3.25M | $5.22M | $205K | $60.27M | $1.46M | $34.34M | $237.97M | $0 | $0 | $0 | $241.33M | $249.35M | $0 | $0 | $0 | -$74.96M | -$27.46M | -$36.18M | -$49.23M | -$36.06M | -$33.57M | -$400M | -$400.55M | $0 | $0 | $0 |
| Total Current Liabilities | $1.39B | $1.3B | $1.18B | $1.58B | $1.54B | $1.44B | $2.11B | $2.04B | $1.88B | $1.14B | $1.08B | $1.97B | $1.43B | $1.58B | $1.58B | $467.77M | $462.08M | $197.19M | $203.43M | $184.08M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $413.06M | $341.01M | $285.01M |
| Long-Term Liabilities | |||||||||||||||||||||||||||||||
| Long-Term Debt | $13.01B | $13.52B | $13.48B | $11.87B | $11.69B | $11.7B | $11.31B | $9.88B | $10.74B | $10.98B | $11.03B | $9.93B | $8.99B | $7.73B | $5.83B | $2.9B | $2.67B | $3.14B | $3.36B | $2.33B | $1.8B | $843.18M | $640.56M | $707.71M | $848.37M | $886.38M | $974.25M | $531.1M | $1.92B | $710.51M | $778.1M |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $8.19M | $10.54M | $12.89M | $15.31M | $18.88M | $21.03M | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $23.41M | $8.15M | $24.5M | $35.57M | $59.26M | $62.64M | $200.83M | $205.22M | $250.09M | $316.64M | $338.38M | $344.34M | $250.17M | $259.71M | $0 | $0 | $253.66M | $257.5M | $297.59M | $30.39M | $0 | $0 | $30.39M | $30.39M | $30.39M | $30.51M | $30.51M | $31.51M | $0 | $0 | $0 |
| Other Long-Term Liabilities | $375.15M | $310.23M | $302.64M | $264.65M | $280.28M | $235.49M | $273.68M | $188.14M | $158.49M | $200.73M | $196.53M | $172.02M | $156.66M | $174.56M | $102.84M | $0 | -$253.66M | $0 | $0 | -$8.19M | -$1.81B | -$856.07M | -$686.26M | -$756.99M | -$899.79M | -$916.89M | -$1B | -$562.61M | $94.65M | $84.05M | $44.06M |
| Total Long-Term Liabilities | $13.62B | $14.05B | $14B | $12.36B | $12.23B | $12.21B | $12.04B | $10.27B | $11.15B | $11.5B | $11.56B | $10.44B | $9.4B | $8.31B | $6.34B | $2.9B | $2.67B | $3.39B | $3.66B | $2.36B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2.01B | $794.56M | $822.16M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$76K | -$201K | -$289K | -$465K | $407K | -$67K | -$341K | -$146K | -$285K | $0 | $0 | $0 |
| Total Liabilities | $15.01B | $15.36B | $15.18B | $13.94B | $13.77B | $13.65B | $14.15B | $12.31B | $13.02B | $12.64B | $12.64B | $12.41B | $10.83B | $9.89B | $7.92B | $3.37B | $3.13B | $3.59B | $3.86B | $2.54B | $1.97B | $966.71M | $756.53M | $949.41M | $1.03B | $1.1B | $1.06B | $968.7M | $2.43B | $1.14B | $1.11B |
| Stockholders' Equity | |||||||||||||||||||||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $118.73M | $109.12M | $100.65M | $99.91M | $99.84M | $93.64M | $93.19M | $89.13M | $89.03M | $88.51M | $83.58M | $74.66M | $74.49M | $73.9M | $72.24M | $39.39M | $39.16M | $35.83M | $33.42M | $26.55M | $25.93M | $21.28M | $20.65M | $20.65M | $18.4M | $18.4M | $18.4M | $18.4M | $18.37M | $18.15M | $18.04M |
| Retained Earnings | $0 | $0 | $0 | -$5.45B | -$4.68B | -$4.03B | -$3.67B | -$2.93B | -$2.24B | -$2.49B | -$2.11B | -$1.53B | -$1.13B | -$777.93M | -$412.18M | -$255.63M | -$165.71M | -$117.81M | -$47.85M | -$84.18M | -$50.4M | -$45.3M | -$56.79M | -$134.28M | -$134.09M | -$121.32M | $6.41M | -$9.6M | $281.8M | $150.87M | $102.86M |
| Comprehensive Income & Other | -$7.57B | -$6.92B | -$6.25B | -$5.49B | -$4.74B | -$4.08B | -$3.7B | -$2.95B | -$2.28B | -$2.55B | -$2.12B | -$1.51B | -$1.11B | -$754.57M | -$390.12M | $26.87M | $19.67M | -$21.09M | $17.42M | $1.04M | -$856K | -$9.75M | -$19.04M | -$26.91M | $35.17M | -$1.34M | -$2.08M | -$1.96M | $0 | $0 | $0 |
| Other Stockholders' Equity | $12.41B | $10.66B | $9.39B | $15.5B | $15.43B | $14.12B | $14.02B | $13.06B | $13.02B | $12.86B | $11.59B | $10.13B | $9.88B | $9.72B | $9.61B | $2.6B | $2.59B | $2.23B | $1.84B | $767.51M | $691.79M | $184.24M | $92.45M | $60M | $24.61M | -$14.59M | -$16.47M | -$17.81M | $605.18M | $713.53M | $684.38M |
| Total Equity | $12.53B | $10.77B | $9.49B | $10.15B | $10.85B | $10.18B | $10.45B | $10.22B | $10.87B | $10.46B | $9.56B | $8.68B | $8.82B | $9.02B | $9.27B | $2.39B | $2.47B | $2.15B | $1.82B | $709.88M | $667.32M | $160.22M | $56.31M | -$53.63M | -$91.07M | -$117.51M | $8.35M | -$9.01M | $905.35M | $882.55M | $805.28M |
| Minority Interest | $58.55M | $58.33M | $56.35M | $68.71M | $91.38M | $98.02M | $99.56M | $55.74M | $65.96M | $68.51M | $61.1M | $74.21M | $79.53M | $70.23M | $80.99M | $3.48M | $18.55M | $19.14M | $31.45M | $393K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2.05M | $36.2M | $0 |
| Total Liabilities and Equity | $27.53B | $26.13B | $24.67B | $24.09B | $24.63B | $23.83B | $24.59B | $22.53B | $23.89B | $23.1B | $22.2B | $21.09B | $19.65B | $18.91B | $17.19B | $5.75B | $5.6B | $5.74B | $5.69B | $3.25B | $2.64B | $1.13B | $812.85M | $895.78M | $941.86M | $981.14M | $1.07B | $959.69M | $3.33B | $2.02B | $1.91B |
| Supplementary Data | |||||||||||||||||||||||||||||||
| Total Debt | $13.22B | $13.74B | $13.69B | $12.49B | $12.22B | $12.11B | $12.41B | $10.73B | $11.28B | $11.13B | $11.21B | $10.84B | $9.36B | $8.41B | $6.43B | $2.9B | $2.67B | $3.14B | $3.36B | $2.33B | $1.8B | $843.18M | $640.56M | $707.71M | $848.37M | $886.38M | $1.37B | $931.1M | $1.95B | $765.2M | $787.67M |
| Net Debt | $12.48B | $12.84B | $13.18B | $12.36B | $12.08B | $11.69B | $12.3B | $10.66B | $11.19B | $10.84B | $11.15B | $10.79B | $9.27B | $8.35B | $6.38B | $2.88B | $2.56B | $2.96B | $3.33B | $2.33B | $1.8B | $839.81M | $558.46M | $705.25M | $829.77M | $798.98M | $1.23B | $930.76M | $1.86B | $652.73M | $752.49M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 | FY 2005 | FY 2004 | FY 2003 | FY 2002 | FY 2001 | FY 2000 | FY 1999 | FY 1998 | FY 1997 | FY 1996 | FY 1995 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 | 2005-12-31 | 2004-12-31 | 2003-12-31 | 2002-12-31 | 2001-12-31 | 2000-12-31 | 1999-12-31 | 1998-12-31 | 1997-12-31 | 1996-12-31 | 1995-12-31 |
| Operating Activities | |||||||||||||||||||||||||||||||
| Net Income | $251.38M | $81.15M | -$40.97M | -$47.45M | $49.01M | $439.15M | $433.02M | $409.48M | $1.36B | $650.15M | $406.74M | $455.69M | $488.93M | $305.57M | $362.81M | $215.32M | $193.12M | $175.4M | $146.69M | $131.43M | $125.25M | $100.22M | $162.84M | $76.78M | $51.89M | -$61.24M | $42.53M | $34.81M | $137.76M | $48.01M | $23.2M |
| Depreciation & Amortization | $1.38B | $1.17B | $1.17B | $1.09B | $978M | $955.96M | $912.02M | $890.14M | $855.05M | $863.72M | $894.06M | $828.15M | $710.16M | $724.83M | $446.54M | $203.76M | $207.61M | $239.75M | $237.5M | $119.65M | $88M | $49.24M | $39.51M | $41.25M | $40.37M | $43.6M | $42.8M | $29.05M | $123.86M | $99.53M | $89.48M |
| Deferred Income Tax | $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 | $21.15M | $53.16M | -$34.81M | -$23.57M |
| 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 | $0 | $0 |
| Changes in Working Capital: | |||||||||||||||||||||||||||||||
| Accounts Receivable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$41.68M | $4.72M | -$9.07M | $10.49M | -$518K | $4.72M | -$3.52M | -$27M | -$100K | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$264K | $19.92M | $2.75M | $0 | $0 | $184.24M | $0 | $2.4M | $43.35M | -$2.31M | $1.28M | -$3.48M |
| Accounts Payable | $81.03M | $133.97M | -$6.41M | $7.2M | $16.72M | $189.78M | $26.67M | -$37.51M | -$35.26M | -$43.58M | -$9.31M | -$18.58M | $17.69M | -$24.57M | -$20.12M | $3.19M | $0 | -$12.6M | $0 | $46.93M | $19.64M | $8.9M | -$4.27M | $16.45M | -$5.48M | $7.84M | $29.4M | $5.5M | $0 | $0 | $0 |
| Other Working Capital | -$31.61M | -$90.16M | -$47.19M | -$47.98M | -$60.49M | -$67.96M | -$66.96M | -$18.21M | -$4.79M | $8.16M | $62.31M | $13.28M | $6.12M | $13.72M | -$8.73M | -$6.93M | $14.84M | -$2.44M | $55.24M | $264K | -$19.92M | -$2.75M | -$6.21M | -$15.93M | -$185M | -$4.33M | $4.56M | -$38M | -$62.99M | -$57.94M | -$88.97M |
| Total Working Capital Change | $49.43M | $43.81M | -$53.6M | -$40.78M | -$43.77M | $121.83M | -$40.29M | -$55.72M | -$40.05M | -$35.42M | $53M | -$5.3M | $23.8M | -$10.85M | -$28.84M | -$3.75M | $14.84M | -$15.04M | $55.24M | $5.25M | $24.36M | -$169K | $6.21M | $15.93M | -$1.52M | $4.33M | $9.36M | $10.76M | -$65.3M | -$56.66M | -$92.45M |
| Other Non-Cash Items | $475K | $45.89M | $123.25M | $146.71M | $60.72M | -$66.76M | $133.21M | $195.02M | -$736.66M | -$111M | $37.97M | -$23.7M | -$28.14M | -$26.74M | -$7.31M | $32.28M | $6.54M | -$20.2M | -$39.63M | -$17.46M | -$23.97M | $669K | -$71.2M | -$17.58M | -$10.84M | $98.66M | $8.89M | -$12.23M | $21.44M | $127.47M | $116.97M |
| Net Cash from Operating | $1.68B | $1.34B | $1.19B | $1.15B | $1.04B | $1.45B | $1.44B | $1.44B | $1.43B | $1.37B | $1.39B | $1.25B | $1.19B | $992.82M | $773.2M | $447.62M | $422.1M | $379.91M | $399.81M | $268.66M | $213.64M | $149.96M | $137.37M | $116.39M | $79.89M | $85.34M | $103.58M | $86.76M | $270.93M | $183.54M | $113.64M |
| Investing Activities | |||||||||||||||||||||||||||||||
| Capital Expenditures | -$363.86M | -$281.61M | -$259.42M | -$222.13M | -$185.28M | -$148.23M | -$156.72M | -$131.86M | -$132.56M | -$117.46M | -$107.49M | -$194.44M | -$177.35M | -$183.43M | -$98.06M | -$19.86M | -$13.8M | -$16.36M | -$6.37M | $0 | $0 | -$323.93M | -$258K | -$308K | -$1.12M | $0 | -$299K | -$14.58M | -$281.67M | -$135.03M | -$136.89M |
| Acquisitions | -$1.98M | -$7.36M | $31.75M | $5.2M | -$22.49M | -$6.92M | $6.28M | -$2.84M | -$11.41M | $4.48M | -$3.82M | $0 | $35.59M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $21.1M | $0 | $28.62M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | -$2.63B | -$2.44B | -$523.33M | -$792.92M | -$1.75B | -$861.05M | -$2.62B | -$873.32M | -$1.77B | -$1.73B | -$5.45B | -$1.57B | -$1.45B | -$1.73B | -$531.61M | -$274.44M | -$45.72M | -$117.48M | -$1.35B | -$496.21M | -$589.55M | $0 | $0 | -$71.88M | $0 | $0 | $0 | $0 | -$4.51M | -$445K | -$12.78M |
| Sales of Investments | $261.98M | $335.96M | $494.22M | $113.82M | $1.19B | $1.16B | $1.17B | $1.27B | $960.97M | $620.64M | $601.58M | $140.43M | $7.89M | $186.54M | $43.67M | $58.16M | $63.54M | $104.18M | $165.17M | $0 | $1.42M | $0 | $205K | $6.95M | $6.12M | $0 | $0 | $0 | $8.69M | $78.15M | $4.71M |
| Other Investing Activities | $5.01M | $3.54M | $17.58M | $13.7M | $1.28M | $207K | $30.18M | $6.89M | $1.42M | -$6.44M | $0 | -$426.44M | $304.84M | -$443.32M | -$411.44M | -$65.79M | -$5.78M | -$106.6M | $16.18M | $14.23M | -$26.91M | $4.14M | $159.75M | $2.48M | -$2.24M | $5.36M | $670K | $13.67M | -$956.16M | -$23.66M | -$66.69M |
| Net Cash from Investing | -$2.73B | -$2.39B | -$239.2M | -$882.33M | -$764.48M | $147.37M | -$1.58B | $264.2M | -$954.68M | -$1.23B | -$4.96B | -$2.05B | -$1.28B | -$2.17B | -$997.44M | -$301.92M | -$1.75M | -$136.26M | -$1.17B | -$481.97M | -$615.04M | -$298.69M | $159.7M | -$34.14M | $2.76M | $5.36M | $371K | -$908K | -$1.23B | -$80.99M | -$211.64M |
| Financing Activities | |||||||||||||||||||||||||||||||
| Debt Repaid | $6.77M | $7.1M | $12.41M | -$468.8M | $447.95M | $409.01M | -$363.5M | $615.25M | -$100.05M | $171.09M | -$1.6B | -$1.38B | -$779.75M | -$1.58B | -$472.09M | -$98.49M | $469.02M | $207.13M | -$37.95M | -$395.85M | -$418.21M | -$96.99M | $44.65M | -$485.28M | $38.02M | $100.48M | -$43.12M | $73.63M | -$1B | $1.5M | -$124.76M |
| Common Stock Issuance | $2.45B | $1.99B | $109.06M | $8.69M | $625.61M | $70.47M | $978.26M | $0 | $73.6M | $1.29B | $491.02M | $242.11M | $141.34M | $342.47M | $299.85M | $0 | $299.2M | $408.54M | $1.05B | $7.46M | $108.78M | $81.88M | $22.6M | $97.16M | $503K | $22K | $4K | $155K | $13.83M | $54.49M | $73.01M |
| Common Stock Repurchases | $0 | $0 | $0 | -$1.49M | -$96K | -$575K | -$2.2M | -$1.37M | $0 | $0 | $0 | -$503K | -$659K | -$4.6M | -$185K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$81.65M | -$55.3M | $0 |
| Dividends Paid | -$860.06M | -$740.33M | -$723.56M | -$720.32M | -$686.89M | -$928.81M | -$1.16B | -$1.13B | -$827.28M | -$1.02B | -$1B | -$875.61M | -$802.12M | -$728.55M | -$521.05M | -$336.08M | -$324.27M | -$304.58M | -$282.74M | -$160.6M | -$125.84M | -$103.52M | -$80.25M | -$50.13M | -$65.27M | -$42.43M | -$26.49M | $0 | $0 | $0 | -$2.78M |
| Other Financing Activities | -$45.94M | -$44.73M | -$47.13M | -$44.81M | -$26.64M | -$25.16M | -$27.45M | -$15.33M | -$6.28M | $6.62M | -$53.95M | $9.28M | -$5.71M | $11.04M | -$2.42M | $6.14M | -$5.96M | -$8.54M | $8.18M | $0 | -$11.6M | -$5.35M | -$55.22M | -$630.7M | -$48.68M | $0 | $18.67M | -$12.04M | -$207K | -$22.95M | -$9.55M |
| Net Cash from Financing | $875.73M | $1.45B | -$563.88M | -$289.13M | -$535.97M | -$1.29B | $154.39M | -$1.76B | -$659.92M | $97.24M | $1.03B | $757.57M | $112.6M | $1.2B | $248.28M | -$231.45M | -$490.18M | -$95.98M | $805.65M | $242.71M | $389.55M | $70M | -$217.42M | -$98.39M | -$151.46M | -$142.89M | $35.3M | -$85.51M | $932.74M | -$25.27M | $94.17M |
| Forex Effect | $2.84M | -$3.98M | $1.26M | -$2.87M | $1.45M | $1.09M | $1.48M | -$815K | $312K | -$852K | -$522K | $2.67M | -$83K | $60K | -$45K | $165K | $410K | $806K | -$5M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$85.85M | $0 | $0 | $0 |
| Net Change in Cash | -$171.1M | $393.77M | $392.72M | -$25.85M | -$255.04M | $305.54M | $14.64M | -$56.79M | -$205.35M | $233.68M | -$2.33M | -$39.47M | $26.91M | $22.1M | $24M | -$85.58M | -$69.42M | $148.48M | $27.09M | -$395K | -$1.72M | -$78.74M | $79.65M | -$16.14M | -$68.81M | -$52.19M | $139.26M | -$85.51M | -$29.99M | $77.28M | -$3.84M |
| Supplementary Data | |||||||||||||||||||||||||||||||
| Operating Cash Flow | $1.68B | $1.34B | $1.19B | $1.15B | $1.04B | $1.45B | $1.44B | $1.44B | $1.43B | $1.37B | $1.39B | $1.25B | $1.19B | $992.82M | $773.2M | $447.62M | $422.1M | $379.91M | $399.81M | $268.66M | $213.64M | $149.96M | $137.37M | $116.39M | $79.89M | $85.34M | $103.58M | $86.76M | $270.93M | $183.54M | $113.64M |
| Capital Expenditure | -$363.86M | -$281.61M | -$259.42M | -$222.13M | -$185.28M | -$148.23M | -$156.72M | -$131.86M | -$132.56M | -$117.46M | -$107.49M | -$194.44M | -$177.35M | -$183.43M | -$98.06M | -$19.86M | -$13.8M | -$16.36M | -$6.37M | -$268.66M | -$213.64M | -$323.93M | -$258K | -$308K | -$1.12M | $0 | -$299K | -$14.58M | -$281.67M | -$135.03M | -$136.89M |
| Free Cash Flow | $1.32B | $1.06B | $935.13M | $926.34M | $858.69M | $1.3B | $1.28B | $1.31B | $1.3B | $1.25B | $1.28B | $1.06B | $1.02B | $809.38M | $675.13M | $427.77M | $408.3M | $363.55M | $393.44M | $0 | $0 | -$173.97M | $137.11M | $116.08M | $78.78M | $85.34M | $103.28M | $72.18M | -$10.74M | $48.51M | -$23.26M |
| Cash at Beginning | $957.23M | $563.46M | $170.75M | $196.6M | $451.64M | $146.1M | $131.46M | $188.25M | $286.71M | $53.02M | $55.35M | $94.82M | $67.91M | $45.81M | $21.81M | $107.4M | $176.81M | $28.33M | $1.25M | $1.64M | $3.37M | $82.1M | $2.46M | $18.6M | $87.4M | $139.59M | $338K | $85.85M | $112.47M | $35.18M | $39.02M |
| Cash at End | $786.14M | $957.23M | $563.46M | $170.75M | $196.6M | $451.64M | $146.1M | $131.46M | $81.36M | $286.71M | $53.02M | $55.35M | $94.82M | $67.91M | $45.81M | $21.81M | $107.4M | $176.81M | $28.33M | $1.25M | $1.64M | $3.37M | $82.1M | $2.46M | $18.6M | $87.4M | $139.59M | $338K | $82.47M | $112.47M | $35.18M |