WESTERN ALLIANCE BANCORPORATION (WAL)
Western Alliance Bancorporation serves as the holding entity for Western Alliance Bank, offering a broad spectrum of banking products and related financial services, with its primary operations centered in Arizona, California, and Nevada. The company structures its business across Commercial, Consumer Related, and Corporate & Other segments. Its deposit offerings include checking, savings, and money market accounts, as well as fixed-rate and fixed-maturity certificates of deposit. Additionally, it delivers treasury management and residential mortgage services. The company's lending activities are diverse, encompassing commercial and industrial loans such as working capital lines of credit, financing for technology companies, inventory and accounts receivable lines, mortgage warehouse facilities, and equipment loans and leases. Western Alliance also provides commercial real estate loans, secured by properties like multi-family residential units, professional offices, industrial sites, retail centers, and hotels. Its construction and land development loans support projects ranging from single and multi-family residential developments to industrial/warehouse facilities, office buildings, retail spaces, medical offices, and residential lot developments. Consumer loan products are also available. Beyond core banking, Western Alliance offers a variety of other financial services, including internet banking, wire transfers, electronic bill payment and presentment, lock box services, courier services, and comprehensive cash management solutions. Furthermore, the company holds various investment securities, municipal and non-profit loans, and leases, and makes strategic investments in low-income housing tax credits and small business investment corporations, alongside real estate loans and related securities. Founded in 1994 and based in Phoenix, Arizona, Western Alliance Bancorporation operates a network of 36 branch locations and several loan production offices.
Sector: State Commercial Banks
Industry: Banks - Regional
Western Alliance Bancorporation
NYSE:WALFinancial Services · Banks - Regional
-0.72%$76.12
AH Close$76.12+0.00%vs close
AH Close$76.12+0.00%vs close
Mkt Cap$8.3B
Float106.22M
O/S109.1M
Inst Own90.6%
SI5.9%
Div Yield2.21%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$5.28B
Net Income$969M
Total Assets$92.77B
Free Cash Flow-$2.79B
Debt & Equity
Debt 45%
Equity 53%
Preferred 2%
Total Debt$6.48B
Total Equity$7.65B
Preferred Stock$295M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in WAL's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$92.77B
Liabilities$84.83B
Accounts Receivable$0
Accounts Payable$0
Inventory$0
PP&E (Net)$573M
Goodwill$527M
Intangible Assets$1.62B
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Revenue | $5.28B | $5.02B | $4.26B | $2.96B | $2B | $1.33B | $1.29B | $1.07B | $882.91M | $738.61M | $550.6M | $440.04M | $372.58M | $334.14M | $294.99M | $284.49M | $324.24M | $335.38M | $328.36M | $102.39M | $147.05M | $99.58M | $58.09M | $15.29M | $12.58M |
| YoY Growth | 5.2% | 17.8% | 43.8% | 47.9% | 50.1% | 3.7% | 20.5% | 20.9% | 19.5% | 34.1% | 25.1% | 18.1% | 11.5% | 13.3% | 3.7% | -12.3% | -3.3% | 2.1% | 220.7% | -30.4% | 47.7% | 71.4% | 279.9% | 21.6% | - |
| Cost of Revenue | $2.05B | $2.07B | $1.76B | $543.6M | $81.3M | $218.5M | $203.9M | $142.6M | $78.1M | $51.29M | $35.77M | $36.21M | $42.98M | $74.88M | $85.11M | $142.47M | $222.83M | $168.87M | $146.19M | $88.96M | $38.75M | $23.63M | $17.94M | $11.36M | $9.14M |
| Gross Profit | $3.22B | $2.95B | $2.5B | $2.42B | $1.92B | $1.12B | $1.08B | $925.1M | $804.81M | $687.32M | $514.83M | $403.83M | $329.6M | $259.26M | $209.88M | $142.02M | $101.41M | $166.5M | $182.17M | $13.43M | $108.3M | $75.95M | $40.15M | $3.94M | $3.44M |
| Gross Margin | 61.1% | 58.8% | 58.7% | 81.6% | 95.9% | 83.6% | 84.1% | 86.6% | 91.2% | 93.1% | 93.5% | 91.8% | 88.5% | 77.6% | 71.1% | 49.9% | 31.3% | 49.6% | 55.5% | 13.1% | 73.7% | 76.3% | 69.1% | 25.7% | 27.3% |
| 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 |
| Selling, General, and Administrative | $144.6M | $663.8M | $588.1M | $561.6M | $480.2M | $313.2M | $290.5M | $257M | $218.15M | $192.41M | $152.71M | $128.93M | $116.02M | $107.35M | $95.29M | $90.65M | $143.47M | $113.94M | $83.4M | $54.77M | $39.62M | $27.26M | $16.6M | $0 | $0 |
| Other | $1.87B | $1.29B | $976.5M | $539.6M | $317.7M | $179.9M | $187.7M | $157.8M | $134.84M | $133.73M | $103.58M | $77.4M | $67.93M | $50.85M | $64.26M | $61.95M | $143.3M | $343.19M | $50.38M | -$102.81M | $25.24M | $17.67M | $10.69M | -$8.71M | -$5.52M |
| Total Operating Expenses | $2.02B | $1.96B | $1.56B | $1.1B | $797.9M | $493.1M | $478.2M | $414.8M | $352.99M | $326.14M | $256.29M | $206.33M | $183.94M | $158.2M | $159.54M | $152.6M | $286.76M | $457.13M | $133.78M | -$48.04M | $64.86M | $44.93M | $27.29M | -$8.71M | -$5.52M |
| Operating Income (EBIT) | $1.21B | $991.2M | $933.6M | $1.32B | $1.12B | $622.5M | $604.2M | $510.3M | $451.82M | $361.18M | $258.54M | $197.5M | $145.66M | $101.06M | $50.34M | -$10.58M | -$185.35M | -$290.63M | $48.39M | $61.48M | $43.44M | $31.02M | $12.86M | $12.64M | $8.95M |
| Operating Margin | 22.9% | 19.8% | 21.9% | 44.4% | 56.1% | 46.7% | 47.0% | 47.8% | 51.2% | 48.9% | 47.0% | 44.9% | 39.1% | 30.2% | 17.1% | -3.7% | -57.2% | -86.7% | 14.7% | 60.0% | 29.5% | 31.1% | 22.1% | 82.7% | 71.2% |
| Interest Expense | $1.83B | $1.92B | $1.7B | $475.5M | $109.9M | $94.9M | $184.6M | $117.6M | $60.85M | $43.29M | $32.57M | $31.49M | $29.76M | $28.03M | $38.92M | $49.26M | $73.73M | $100.68M | $125.93M | $84.3M | $32.57M | $19.72M | $12.8M | $9.77M | $9.14M |
| Interest Income | $4.69B | $4.54B | $4.04B | $2.69B | $1.66B | $1.26B | $1.23B | $1.03B | $845.51M | $700.51M | $525.14M | $416.38M | $362.65M | $318.3M | $296.59M | $281.81M | $274.06M | $290.61M | $305.82M | $233.09M | $134.91M | $90.86M | $53.82M | $39.12M | $35.71M |
| Other Income (Expense) | $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 |
| Income Before Tax (EBT) | $1.21B | $991.2M | $933.6M | $1.32B | $1.12B | $622.5M | $604.2M | $510.3M | $451.82M | $361.18M | $258.54M | $197.5M | $145.66M | $101.06M | $50.34M | -$10.58M | -$185.35M | -$290.63M | $48.39M | $61.48M | $43.44M | $31.02M | $12.86M | $12.64M | $8.95M |
| Income Tax Expense | $216.6M | $203.5M | $211.2M | $258.8M | $223.8M | $115.9M | $105M | $74.5M | $126.33M | $101.38M | $64.29M | $48.39M | $29.83M | $25.93M | $16.85M | -$6.41M | -$38.45M | -$54.17M | $15.51M | $21.59M | $15.37M | $10.96M | $4.17M | $4.24M | $3M |
| Net Income | $969M | $787.7M | $722.4M | $1.06B | $899.2M | $506.6M | $499.2M | $435.8M | $325.49M | $259.8M | $194.24M | $147.95M | $114.97M | $72.64M | $31.49M | -$7.2M | -$151.41M | -$236.46M | $32.88M | $39.89M | $28.07M | $20.06M | $8.69M | $8.41M | $5.95M |
| Net Income Margin | 18.4% | 15.7% | 17.0% | 35.7% | 44.9% | 38.0% | 38.8% | 40.8% | 36.9% | 35.2% | 35.3% | 33.6% | 30.9% | 21.7% | 10.7% | -2.5% | -46.7% | -70.5% | 10.0% | 39.0% | 19.1% | 20.1% | 15.0% | 55.0% | 47.3% |
| Supplementary Data | |||||||||||||||||||||||||
| EPS | 8.79 | 7.14 | 6.55 | 9.74 | 8.72 | 5.06 | 4.86 | 4.16 | 3.12 | 2.52 | 2.05 | 1.69 | 1.33 | 0.86 | 0.19 | -0.23 | -2.74 | -7.27 | 1.14 | 1.56 | 1.36 | 1.17 | 0.61 | 0.79 | 0.55 |
| Diluted EPS | 8.73 | 7.09 | 6.54 | 9.70 | 8.67 | 5.04 | 4.84 | 4.14 | 3.10 | 2.50 | 2.03 | 1.67 | 1.31 | 0.83 | 0.19 | -0.23 | -2.74 | -7.27 | 1.06 | 1.41 | 1.24 | 1.09 | 0.59 | 0.78 | 0.54 |
| Weighted Average OS | 108.80M | 108.60M | 108.30M | 107.20M | 102.70M | 100.20M | 102.67M | 105.27M | 104.18M | 103.04M | 94.57M | 86.69M | 85.68M | 82.28M | 80.91M | 75.08M | 58.84M | 32.65M | 28.84M | 25.57M | 20.64M | 17.14M | 14.31M | 10.64M | 10.82M |
| EBITDA | $1.34B | $1.11B | $1.02B | $1.39B | $1.17B | $657.1M | $633.2M | $524.6M | $465.21M | $373.67M | $267M | $198.96M | $154.89M | $110.63M | $60.96M | $3.51M | -$169.86M | -$277.75M | $61.17M | $68.14M | $48.44M | $37.34M | $17.6M | $12.64M | $9.07M |
| EBITDA Margin | 25.3% | 22.1% | 24.0% | 47.0% | 58.6% | 49.3% | 49.2% | 49.1% | 52.7% | 50.6% | 48.5% | 45.2% | 41.6% | 33.1% | 20.7% | 1.2% | -52.4% | -82.8% | 18.6% | 66.6% | 32.9% | 37.5% | 30.3% | 82.7% | 72.1% |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Assets | |||||||||||||||||||||||||
| Current Assets | |||||||||||||||||||||||||
| Cash and Cash Equivalents | $3.6B | $4.1B | $1.58B | $1.04B | $516M | $2.67B | $434.6M | $498.57M | $416.77M | $284.49M | $224.64M | $164.4M | $305.51M | $204.63M | $155M | $215.83M | $393.36M | $139.29M | $104.65M | $264.88M | $111.15M | $92.28M | $61.89M | $159.68M | $116.59M |
| Short-Term Investments | $10.36B | $4.44B | $11.16B | $7.09B | $6.19B | $4.71B | $3.35B | $3.28B | $3.5B | $2.61B | $1.98B | $1.52B | $1.37B | $939.59M | $1.2B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $448.81M |
| Cash and Short-Term Investments | $13.96B | $8.53B | $12.74B | $8.13B | $6.71B | $7.38B | $3.78B | $3.78B | $3.92B | $2.89B | $2.21B | $1.68B | $1.68B | $1.14B | $1.35B | $215.83M | $393.36M | $139.95M | $104.65M | $264.88M | $111.15M | $92.28M | $61.89M | $159.68M | $565.4M |
| Accounts Receivable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $509K | $48.37M | $22.34M | $17.43M | $10.54M | $8.36M | $6.39M | $0 | $0 |
| 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 |
| Other Current 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 |
| Total Current Assets | $13.96B | $8.53B | $12.74B | $8.13B | $6.71B | $7.38B | $3.78B | $3.78B | $3.92B | $2.89B | $2.21B | $1.69B | $1.68B | $1.16B | $1.37B | $240.57M | $429.19M | $192.13M | $126.99M | $282.31M | $121.69M | $100.64M | $68.28M | $159.68M | $565.4M |
| Long-Term Assets | |||||||||||||||||||||||||
| Property, Plant & Equipment Net | $573M | $489M | $484M | $439M | $315M | $206.6M | $198.4M | $119.47M | $118.72M | $119.83M | $118.53M | $113.82M | $105.56M | $107.91M | $105.55M | $114.37M | $125.88M | $140.91M | $143.42M | $99.86M | $58.43M | $29.36M | $18.04M | $0 | $0 |
| Goodwill | $527M | $527M | $527M | $527M | $491M | $289.9M | $289.9M | $289.89M | $289.89M | $289.97M | $289.64M | $23.22M | $23.22M | $23.22M | $25.93M | $25.93M | $0 | $0 | $0 | $132.19M | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $1.62B | $1.26B | $1.27B | $1.3B | $841M | $8.6M | $7.7M | $9.26M | $10.85M | $12.93M | $15.72M | $2.69M | $4.15M | $6.54M | $9.81M | $13.37M | $509K | $48.37M | $22.34M | $16.04M | $10.54M | $8.36M | $6.39M | $0 | $0 |
| Long-Term Investments | $72.38B | $66.85B | $53.48B | $54.8B | $46.35B | $27.91B | $22.4B | $18.72B | $15.74B | $13.55B | $11.02B | $8.29B | $6.99B | $5.91B | $4.98B | $5.4B | $4.82B | $4.63B | $4.32B | $3.51B | $2.52B | $1.96B | $1.44B | $457.91M | $0 |
| Deferred Tax Assets | $349M | $281M | $287M | $311M | $21M | $31.3M | $18M | $31.99M | $5.78M | $95.19M | $86.35M | $62.69M | $80.69M | $51.76M | $61.72M | $79.86M | $68.96M | $34.4M | $0 | $8M | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $3.37B | $2.99B | $2.08B | $2.22B | $1.26B | $635.4M | $128.94M | $168.13M | $244.57M | $237.43M | $538.49M | $417.16M | $422.69M | $366.01M | $298.62M | $317.62M | $262.99M | $148.68M | $183.6M | $119.22M | $151.3M | $79.57M | $52.1M | $248.04M | $4.96B |
| Total Long-Term Assets | $78.82B | $72.4B | $58.12B | $59.6B | $49.28B | $29.08B | $23.04B | $19.33B | $16.41B | $14.31B | $12.07B | $8.91B | $7.63B | $6.47B | $5.48B | $5.91B | $5.32B | $5.05B | $4.88B | $3.89B | $2.74B | $2.08B | $1.51B | $712.39M | $4.96B |
| 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 |
| Total Assets | $92.77B | $80.93B | $70.86B | $67.73B | $55.98B | $36.46B | $26.82B | $23.11B | $20.33B | $17.2B | $14.28B | $10.6B | $9.31B | $7.62B | $6.84B | $6.19B | $5.75B | $5.24B | $5.02B | $4.17B | $2.86B | $2.18B | $1.58B | $872.07M | $5.53B |
| Liabilities | |||||||||||||||||||||||||
| Current Liabilities | |||||||||||||||||||||||||
| Accounts Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $33.84M | $25.59M | $19.08M | $29.63M | $7.12M | $5.34M | $0 | $0 |
| Short-Term Debt | $3.88B | $3.15B | $6.78B | $4.99B | $727M | $21M | $16.7M | $513.41M | $416.02M | $121.73M | $188.16M | $235.07M | $100.1M | $199.03M | $401.95M | $182.37M | $252.62M | $907.12M | $764.35M | $341.31M | $85.17M | $185.49M | $241.26M | $0 | $131.88M |
| 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 |
| 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 | $0 | $0 | $0 |
| Other Current Liabilities | $77.16B | $66.34B | $55.33B | $53.64B | $47.61B | $31.93B | $22.8B | $19.18B | $16.97B | $14.55B | $12.03B | $8.93B | $7.84B | $6.46B | $5.66B | $5.34B | $4.72B | $3.65B | $3.55B | $3.4B | $2.39B | $1.76B | $1.09B | $0 | $0 |
| Total Current Liabilities | $81.01B | $69.49B | $62.12B | $58.64B | $48.34B | $31.95B | $22.81B | $19.69B | $17.39B | $14.67B | $12.22B | $9.17B | $7.94B | $6.65B | $6.06B | $5.52B | $4.97B | $4.59B | $4.34B | $3.76B | $2.51B | $1.95B | $1.34B | $0 | $131.88M |
| Long-Term Liabilities | |||||||||||||||||||||||||
| Long-Term Debt | $2.47B | $3.32B | $1.34B | $2.2B | $1.67B | $548.7M | $393.6M | $360.46M | $376.9M | $367.94M | $210.33M | $250.53M | $354.05M | $109.94M | $111.98M | $116M | $102.44M | $154.04M | $177.61M | $170.87M | $104.44M | $94.63M | $128.33M | $0 | $26.56M |
| Long-Term Unearned Revenue | $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 |
| Long-Term Deferred Tax 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 |
| Other Long-Term Liabilities | $1.19B | $1.25B | $1.15B | $1.36B | $867M | $467.4M | $520.3M | $444.44M | $333.93M | $269.79M | $254.48M | $182.93M | $159.49M | $98.88M | $35.41M | -$45.1M | $100.39M | $0 | $0 | -$170.66M | $0 | $0 | $9.75M | $804.63M | $3.94B |
| Total Long-Term Liabilities | $3.82B | $4.74B | $2.67B | $3.74B | $2.68B | $1.1B | $992M | $804.89M | $710.84M | $637.72M | $464.81M | $433.46M | $513.54M | $208.81M | $147.4M | $70.89M | $202.83M | $154.04M | $177.61M | $212K | $104.44M | $94.63M | $138.08M | $804.63M | $3.97B |
| 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 |
| Total Liabilities | $84.83B | $74.23B | $64.78B | $62.38B | $51.02B | $33.05B | $23.81B | $20.5B | $18.1B | $15.31B | $12.68B | $9.6B | $8.45B | $6.86B | $6.21B | $5.59B | $5.18B | $4.75B | $4.51B | $3.76B | $2.61B | $2.04B | $1.48B | $804.63M | $4.1B |
| Stockholders' Equity | |||||||||||||||||||||||||
| Preferred Stock | $295M | $295M | $295M | $295M | $294.5M | $0 | $0 | $0 | $0 | $0 | $0 | $70.5M | $141M | $141M | $141M | $130.83M | $127.94M | $125.2M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $2.1B | $2.25B | $2.2B | $2.16B | $1.97B | $0 | $1.37B | $10K | $10K | $10K | $10K | $9K | $9K | $9K | $8K | $8K | $7K | $4K | $3K | $3K | $2K | $2K | $2K | $0 | $0 |
| Retained Earnings | $5.61B | $4.83B | $4.21B | $3.66B | $2.77B | $2B | $1.68B | $1.28B | $848.47M | $522.44M | $262.64M | $85.45M | -$61.11M | -$174.47M | -$243.51M | -$258.8M | -$241.72M | -$85.42M | $152.29M | $126.17M | $86.28M | $58.22M | $38.16M | $0 | $0 |
| Comprehensive Income & Other | -$344M | -$534M | -$513M | -$661M | $15.7M | $92.3M | -$1.35B | -$33.62M | -$3.15M | -$4.7M | $22.26M | $16.64M | -$21.55M | $8.23M | -$4.59M | -$9.42M | $5.41M | -$28.49M | -$28.74M | -$5.15M | -$9.69M | -$5.11M | -$3.24M | $0 | $0 |
| Other Stockholders' Equity | -$49M | -$364M | -$334M | -$471M | $223.4M | $1.41B | -$37.7M | $1.33B | $1.38B | $1.37B | $1.33B | $915.47M | $916.6M | $934.08M | $880.19M | $860.97M | $817.44M | $580.92M | $349.23M | $282.41M | $157.94M | $75.35M | $59.29M | $67.44M | $1.43B |
| Total Equity | $7.65B | $6.71B | $6.08B | $5.36B | $4.96B | $3.41B | $3.02B | $2.61B | $2.23B | $1.89B | $1.59B | $1B | $855.5M | $759.62M | $636.68M | $602.17M | $575.73M | $495.5M | $501.52M | $408.58M | $244.22M | $133.57M | $97.45M | $67.44M | $1.43B |
| Minority Interest | $293M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $110K | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $92.48B | $80.93B | $70.86B | $67.73B | $55.98B | $36.46B | $26.82B | $23.11B | $20.33B | $17.2B | $14.28B | $10.6B | $9.31B | $7.62B | $6.84B | $6.19B | $5.75B | $5.24B | $5.02B | $4.17B | $2.86B | $2.18B | $1.58B | $872.07M | $5.53B |
| Supplementary Data | |||||||||||||||||||||||||
| Total Debt | $6.48B | $6.63B | $8.3B | $7.38B | $2.54B | $649.6M | $488.4M | $873.87M | $792.92M | $489.67M | $398.48M | $485.6M | $454.15M | $308.97M | $513.93M | $298.37M | $355.06M | $1.06B | $941.96M | $512.18M | $189.61M | $280.12M | $369.59M | $0 | $158.44M |
| Net Debt | $2.88B | $2.54B | $6.73B | $6.33B | $2.02B | -$2.02B | $53.8M | $375.3M | $376.15M | $205.17M | $173.84M | $321.2M | $148.63M | $104.34M | $358.94M | $82.54M | -$38.3M | $921.87M | $837.3M | $247.3M | $78.46M | $187.84M | $307.7M | -$159.68M | $41.85M |
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 2001 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 | 2001-12-31 |
| Operating Activities | ||||||||||||||||||||||||
| Net Income | $990.6M | $787.7M | $722.4M | $1.06B | $899.2M | $506.6M | $499.17M | $435.79M | $325.49M | $259.8M | $194.24M | $147.95M | $114.52M | $72.83M | $31.49M | -$7.2M | -$151.41M | -$236.46M | $32.88M | $39.89M | $28.07M | $20.06M | $8.69M | -$7.2M |
| Depreciation & Amortization | $130.1M | $118.5M | $86.5M | $74.6M | $50M | $34.6M | $29M | $14.3M | $13.39M | $12.49M | $8.47M | $1.46M | $9.24M | $9.56M | $10.62M | $14.09M | $15.49M | $12.87M | $12.78M | $6.67M | $5M | $6.33M | $4.74M | $112K |
| Deferred Income Tax | -$130.3M | $12.4M | -$24.9M | -$68.6M | $42M | -$25.1M | -$5.1M | -$16.7M | $88.47M | $7.64M | $3.25M | $0 | -$12.4M | $21.72M | $15.3M | -$7.59M | -$46.3M | -$11M | -$4.22M | $2.97M | -$2.16M | -$69K | -$1.47M | -$4.1M |
| Stock-Based Compensation | $51.4M | $47.7M | $34.3M | $39.8M | $35.1M | $28.7M | $26.24M | $25.71M | $23.55M | $20.34M | $25.53M | $0 | $7.7M | $6.32M | $4.27M | $7.54M | $8.75M | $10.06M | $0 | $0 | $0 | $0 | $0 | $1.27M |
| 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 | -$3.77M | $0 | $0 | $0 | $0 |
| 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 |
| Accounts 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 |
| Other Working Capital | -$279M | $234.9M | $114.7M | -$38.7M | -$157.6M | -$15M | $138.4M | $20.69M | -$86.95M | -$25.45M | -$9.73M | $24.28M | $52.11M | -$39.55M | $11.51M | -$113M | -$942K | -$56.7M | -$13.2M | -$14.64M | -$1.8M | -$1.19M | -$3.86M | $0 |
| Total Working Capital Change | -$279M | $234.9M | $114.7M | -$38.7M | -$157.6M | -$15M | $138.4M | $20.69M | -$86.95M | -$25.45M | -$9.73M | $0 | $52.11M | -$39.55M | $11.51M | -$113M | -$942K | -$56.7M | -$13.2M | -$18.41M | -$1.8M | -$1.19M | -$3.86M | $0 |
| Other Non-Cash Items | -$3.44B | -$3.94B | -$1.26B | $1.18B | -$3.52B | $140.4M | $30.1M | $61.21M | $19.86M | $5.82M | -$1.35M | -$111.06M | -$112.74M | -$51.89M | $69.28M | $106.46M | $249.16M | $362.23M | $26.51M | $12.55M | $5.25M | $2.15M | $4.59M | -$34.16M |
| Net Cash from Operating | -$2.68B | -$2.74B | -$328.6M | $2.25B | -$2.65B | $670.2M | $717.77M | $540.97M | $383.81M | $280.64M | $220.41M | $38.35M | $58.43M | $19M | $142.28M | $300K | $74.75M | $81M | $54.76M | $43.76M | $34.36M | $27.27M | $12.7M | -$44.07M |
| Investing Activities | ||||||||||||||||||||||||
| Capital Expenditures | -$114.3M | -$83.8M | -$114.3M | -$141M | -$69.4M | -$26.8M | -$33.8M | -$1.9M | -$8.86M | -$10.57M | -$10.86M | $617K | -$481K | -$23K | $0 | $0 | $0 | -$6.79M | -$35.87M | -$35.17M | -$22.76M | -$13.9M | -$7.07M | $0 |
| Acquisitions | -$14.2M | $0 | $0 | -$50M | -$1.02B | $0 | $0 | -$4.13M | -$5.82M | -$1.27B | $342.43M | $0 | -$41.97M | $1.3M | $0 | $0 | $0 | $0 | $47.49M | -$5.96M | $0 | $0 | $0 | $0 |
| Purchases of Investments | -$18.1B | -$17.06B | -$15.59B | -$3.06B | -$4.01B | -$3.32B | -$1.24B | -$763.7M | -$1.64B | -$1.3B | -$827M | -$23.43M | -$2.04M | -$26.77M | -$577.28M | -$1.82B | -$503.29M | -$218.77M | -$384.35M | -$832.92M | -$148.48M | -$476.63M | -$638.35M | -$23.57M |
| Sales of Investments | $12.86B | $14.88B | $11.64B | $902.8M | $1.88B | $1.7B | $982.3M | $637.2M | $548.21M | $525.65M | $407.17M | $10.56M | $6.77M | $20.3M | $363.02M | $1.41B | $268.82M | $223.07M | $196.56M | $447.38M | $200.34M | $382.92M | $143.52M | $52.81M |
| Other Investing Activities | -$4.59B | -$3.71B | $1.91B | -$10.78B | -$11.48B | -$5.89B | -$3.43B | -$2.58B | -$1.85B | -$835.69M | -$1.28B | $12.9M | -$26.14M | -$10.16M | -$598.17M | -$299.63M | -$133.78M | -$519.12M | -$350.4M | $459K | -$629.07M | -$457.63M | -$292.58M | -$118.25M |
| Net Cash from Investing | -$9.96B | -$5.97B | -$2.16B | -$13.13B | -$14.71B | -$7.54B | -$3.72B | -$2.71B | -$2.96B | -$2.89B | -$1.37B | $639K | -$63.86M | -$15.35M | -$812.43M | -$710.29M | -$368.24M | -$520.76M | -$526.57M | -$426.22M | -$599.96M | -$565.23M | -$794.48M | -$89.01M |
| Financing Activities | ||||||||||||||||||||||||
| Debt Repaid | $855.9M | -$1.97B | $808.2M | -$547.7M | -$579.8M | -$146.9M | $496.74M | -$97.39M | -$294.29M | -$102.83M | $108.83M | -$15.5M | $7.89M | - | -$294.22M | $127.37M | $703.99M | -$137.66M | -$594.4M | -$401.11M | $100.32M | $89.47M | -$288.66M | - |
| Common Stock Issuance | $293.3M | $100K | $100K | $157.7M | $540.3M | $0 | $0 | $0 | $0 | $55.78M | $28.29M | $13.75M | $0 | $0 | $362K | $47.57M | $191.35M | $221.41M | $0 | $11.79M | $87.09M | $15.53M | $0 | $0 |
| Common Stock Repurchases | -$69M | $0 | $0 | $0 | $0 | -$71.6M | -$120.2M | -$35.7M | -$13.81M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$356K | -$19.07M | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | -$184.8M | -$176.8M | -$171.5M | -$166.2M | -$127.6M | -$101.3M | -$51.3M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$517K |
| Other Financing Activities | $10.79B | $10.99B | $1.67B | $6.01B | $15.67B | $9.13B | $3.61B | $2.19B | $2.42B | $2.51B | $1.36B | $8.38M | $6.15M | $2.8M | $319.66M | $616.7M | $1.07B | $243.03M | -$256.01M | $60.1M | $637.78M | $661.39M | $374.34M | $114.29M |
| Net Cash from Financing | $12.13B | $11.23B | $3.02B | $11.41B | $15.21B | $9.1B | $2.94B | $2.25B | $2.7B | $2.67B | $1.21B | -$34.27M | -$3.15M | -$991K | $608.2M | $529.9M | $550.36M | $464.08M | $322.57M | $473M | $624.54M | $587.45M | $688.01M | $113.78M |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | -$506.8M | $2.52B | $532.7M | $527M | -$2.16B | $2.24B | -$64M | $81.8M | $132.28M | $59.85M | $60.24M | $4.73M | -$8.58M | $2.67M | -$61.75M | -$180.08M | $256.88M | $24.32M | -$149.25M | $90.54M | $58.94M | $49.49M | -$93.78M | -$19.3M |
| Supplementary Data | ||||||||||||||||||||||||
| Operating Cash Flow | -$2.68B | -$2.74B | -$328.6M | $2.25B | -$2.65B | $670.2M | $717.77M | $540.97M | $383.81M | $280.64M | $220.41M | $38.35M | $58.43M | $19M | $142.28M | $300K | $74.75M | $81M | $54.76M | $43.76M | $34.36M | $27.27M | $12.7M | -$44.07M |
| Capital Expenditure | -$114.3M | -$83.8M | -$114.3M | -$141M | -$69.4M | -$26.8M | -$33.8M | -$1.9M | -$8.86M | -$10.57M | -$10.86M | $617K | -$481K | -$23K | $0 | $0 | $0 | -$6.79M | -$35.87M | -$35.17M | -$22.76M | -$13.9M | -$7.07M | $0 |
| Free Cash Flow | -$2.79B | -$2.83B | -$442.9M | $2.1B | -$2.72B | $643.4M | $682.62M | $539.1M | $374.95M | $270.07M | $209.56M | $38.97M | $57.95M | $18.98M | $142.47M | $300K | $74.75M | $74.21M | $18.88M | $8.59M | $11.6M | $13.38M | $5.63M | -$44.07M |
| Cash at Beginning | $4.1B | $1.58B | $1.04B | $516.4M | $2.67B | $434.6M | $498.57M | $416.8M | $284.49M | $224.64M | $164.4M | $7.13M | $15.71M | $13.05M | $216.75M | $396.83M | $139.95M | $115.63M | $264.88M | $174.34M | $115.4M | $65.91M | $159.68M | $21.85M |
| Cash at End | $3.59B | $4.1B | $1.58B | $1.04B | $516.4M | $2.67B | $434.6M | $498.57M | $416.77M | $284.49M | $224.64M | $11.86M | $7.13M | $15.71M | $155M | $216.75M | $396.83M | $139.95M | $115.63M | $264.88M | $174.34M | $115.4M | $65.91M | $2.55M |