WEST PHARMACEUTICAL SERVICES INC (WST)
West Pharmaceutical Services, Inc. (WST) specializes in the development, manufacturing, and global distribution of essential containment and delivery solutions for injectable pharmaceuticals and other healthcare products. The company's operations span across the Americas, Europe, the Middle East, Africa, and the Asia Pacific region, structured into two primary business units: Proprietary Products and Contract-Manufactured Products. The Proprietary Products segment offers a comprehensive array of components for injectable packaging, including stoppers and seals, alongside syringe and cartridge parts, which can be customized for specific injectable drug delivery requirements. It also provides advanced drug administration systems designed to enhance safe and effective delivery through sophisticated reconstitution, mixing, and transfer technologies. This segment further supplies ancillary services such as specialized films, protective coatings, cleaning, precision vision inspection, and sterilization processes to elevate the quality of packaging components. Innovative drug containment options, like Crystal Zenith – a cyclic olefin polymer used in vials, syringes, and cartridges – and user-friendly self-injection devices are also key offerings. Additionally, it provides a suite of integrated support services covering analytical laboratory analysis, primary packaging assistance during the pre-approval stage, engineering development, regulatory guidance, and post-purchase technical support. Its clientele primarily includes manufacturers of biologic, generic, and other pharmaceutical products. In contrast, the Contract-Manufactured Products division focuses on the design, production, and automated assembly of various devices for surgical, diagnostic, ophthalmic, and general drug delivery applications, alongside consumer items. This segment caters to pharmaceutical, diagnostic, and medical device manufacturers. The company's offerings reach customers worldwide through a dedicated sales team, an extensive distribution network, and partnerships with contract sales agents and regional distributors. Established in 1923, West Pharmaceutical Services, Inc. is headquartered in Exton, Pennsylvania.
Sector: Surgical & Medical Instruments & Apparatus
Industry: Medical - Instruments & Supplies
West Pharmaceutical Services, Inc.
NYSE:WSTHealthcare · Medical - Instruments & Supplies
-0.48%$392.15
AH Close$392.15+0.00%vs close
AH Close$392.15+0.00%vs close
Mkt Cap$27.6B
Float69.93M
O/S70.38M
Inst Own99.9%
SI3.0%
Div Yield0.22%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$3.07B
Net Income$493.7M
Total Assets$4.27B
Free Cash Flow$468.9M
Debt & Equity
Debt 12%
Equity 88%
Total Debt$416.7M
Total Equity$3.18B
Shares Outstanding
Short Interest
Split History2 splits
- 2:1Forward splitSep 27, 20131 share → 2
- 2:1Forward splitSep 30, 20041 share → 2
Balance Sheet Details
Assets$4.27B
Liabilities$1.09B
Accounts Receivable$574.4M
Accounts Payable$253.7M
Inventory$443.9M
PP&E (Net)$1.84B
Goodwill$110M
Intangible Assets$7.7M
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 | FY 1994 | FY 1993 | FY 1992 | FY 1991 | FY 1990 | FY 1989 | FY 1988 | FY 1987 | FY 1986 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 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 | 1994-12-31 | 1993-12-31 | 1992-12-31 | 1991-12-31 | 1990-12-31 | 1989-12-31 | 1988-12-31 | 1987-12-31 | 1986-12-31 |
| Revenue | $3.07B | $2.89B | $2.95B | $2.89B | $2.83B | $2.15B | $1.84B | $1.72B | $1.6B | $1.51B | $1.4B | $1.42B | $1.37B | $1.27B | $1.19B | $1.1B | $1.06B | $1.05B | $1.02B | $913.3M | $699.7M | $541.6M | $490.7M | $419.7M | $396.9M | $430.1M | $469.1M | $449.7M | $452.5M | $458.8M | $412.9M | $365.1M | $348.7M | $338.2M | $329.6M | $323.2M | $308.7M | $288.2M | $253.3M | $235.6M |
| YoY Growth | 6.3% | -2.0% | 2.3% | 1.9% | 31.9% | 16.4% | 7.3% | 7.4% | 6.0% | 7.9% | -1.7% | 3.9% | 8.0% | 6.2% | 8.0% | 4.6% | 0.4% | 3.0% | 11.7% | 30.5% | 29.2% | 10.4% | 16.9% | 5.7% | -7.7% | -8.3% | 4.3% | -0.6% | -1.4% | 11.1% | 13.1% | 4.7% | 3.1% | 2.6% | 2.0% | 4.7% | 7.1% | 13.8% | 7.5% | - |
| Cost of Revenue | $1.97B | $1.89B | $1.82B | $1.75B | $1.66B | $1.38B | $1.23B | $1.17B | $1.09B | $1.01B | $943.9M | $973.8M | $938.7M | $878.6M | $853.6M | $787.1M | $752.1M | $748.5M | $728.3M | $651.5M | $505.9M | $374.1M | $334.9M | $302.1M | $280.8M | $289.7M | $289.1M | $282.2M | $288.5M | $302M | $265.1M | $225.9M | $222.1M | $217.8M | $221.4M | $221.5M | $206.7M | $197.4M | $174.4M | $160.2M |
| Gross Profit | $1.1B | $1B | $1.13B | $1.14B | $1.17B | $767.9M | $608.8M | $546.3M | $514.8M | $501M | $454.1M | $447.9M | $429.5M | $387.8M | $339M | $317.6M | $303.6M | $302.6M | $291.8M | $261.8M | $193.8M | $167.5M | $155.8M | $117.6M | $116.1M | $140.4M | $180M | $167.5M | $164M | $156.8M | $147.8M | $139.2M | $126.6M | $120.4M | $108.2M | $101.7M | $102M | $90.8M | $78.9M | $75.4M |
| Gross Margin | 35.9% | 34.6% | 38.4% | 39.5% | 41.5% | 35.8% | 33.0% | 31.8% | 32.2% | 33.2% | 32.5% | 31.5% | 31.4% | 30.6% | 28.4% | 28.7% | 28.8% | 28.8% | 28.6% | 28.7% | 27.7% | 30.9% | 31.8% | 28.0% | 29.3% | 32.6% | 38.4% | 37.2% | 36.2% | 34.2% | 35.8% | 38.1% | 36.3% | 35.6% | 32.8% | 31.5% | 33.0% | 31.5% | 31.1% | 32.0% |
| Research and Development | $74.3M | $69.1M | $68.4M | $58.5M | $52.8M | $46.9M | $38.9M | $40.3M | $39.1M | $36.8M | $34.1M | $37.3M | $37.9M | $33.2M | $29.1M | $23.9M | $19.9M | $18.7M | $16.1M | $11.1M | $7.9M | $6.3M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $393.1M | $338.5M | $353.4M | $316.9M | $361.9M | $302M | $272.7M | $262.9M | $246M | $239.8M | $233M | $228.7M | $234.9M | $218.1M | $191.1M | $187.7M | $177.7M | $159.3M | $152.5M | $144.8M | $112.4M | $97.2M | $111M | $82.6M | $73.4M | $67.7M | $77.9M | $70.5M | $70.2M | $72.8M | $69.9M | $69M | $63.5M | $57.1M | $85M | $57.8M | $45.6M | $41.5M | $32.2M | $29.9M |
| Other | $18.5M | $0 | $0 | $0 | $0 | $0 | $0 | -$11.7M | $0 | $8.9M | $61.3M | $0 | $0 | $0 | $2.9M | $0 | $0 | $0 | -$10.2M | $200K | $300K | $100K | -$29.6M | -$1.6M | $1.5M | $37M | $35.7M | $32.3M | $31.9M | $30.7M | $29.6M | $23.1M | $22M | $23.6M | $24.5M | $22.7M | $20.3M | $18.9M | $16.8M | $14.7M |
| Total Operating Expenses | $485.9M | $407.6M | $421.8M | $375.4M | $414.7M | $348.9M | $311.6M | $291.5M | $285.1M | $285.5M | $328.4M | $266M | $272.8M | $251.3M | $223.1M | $211.6M | $197.6M | $178M | $178.8M | $156.1M | $120.6M | $103.6M | $81.4M | $81M | $74.9M | $104.7M | $113.6M | $102.8M | $102.1M | $103.5M | $99.5M | $92.1M | $85.5M | $80.7M | $109.5M | $80.5M | $65.9M | $60.4M | $49M | $44.6M |
| Operating Income (EBIT) | $617.4M | $594.6M | $710.9M | $763.5M | $758.7M | $419M | $297.2M | $254.8M | $229.7M | $215.5M | $125.7M | $181.9M | $156.7M | $136.5M | $115.9M | $106M | $106M | $124.6M | $113M | $105.7M | $73.2M | $63.9M | $54.5M | $26.7M | $41.3M | $35.7M | $66.4M | $64.7M | $61.9M | $53.3M | $48.3M | $47.1M | $41.1M | $39.7M | -$1.3M | $21.2M | $36.1M | $30.4M | $29.9M | $30.8M |
| Operating Margin | 20.1% | 20.6% | 24.1% | 26.5% | 26.8% | 19.5% | 16.1% | 14.8% | 14.4% | 14.3% | 9.0% | 12.8% | 11.5% | 10.8% | 9.7% | 9.6% | 10.0% | 11.9% | 11.1% | 11.6% | 10.5% | 11.8% | 11.1% | 6.4% | 10.4% | 8.3% | 14.2% | 14.4% | 13.7% | 11.6% | 11.7% | 12.9% | 11.8% | 11.7% | -0.4% | 6.6% | 11.7% | 10.5% | 11.8% | 13.1% |
| Interest Expense | $600K | $2.9M | $8.8M | $7.6M | $8.5M | $8.5M | $8M | $8.1M | $7.1M | $6.4M | $11.7M | $19.5M | $19.9M | $14.5M | $15M | $13.6M | $15.2M | $16M | $14.5M | $12.7M | $14.1M | $8.5M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Interest Income | $17.7M | $19.6M | $28M | $5.1M | $1M | $1.4M | $3.8M | $2.1M | $1.3M | $1.1M | $1.6M | $3.5M | $1.9M | $1.8M | $1.3M | $600K | $800K | $1.4M | $6M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | -$2.1M | $5.6M | $4.8M | -$62.9M | $10.3M | -$300K | $3.5M | -$6.5M | $1.9M | -$17.5M | -$3.8M | -$7.6M | -$4.2M | -$23.1M | -$16.9M | -$27.1M | -$19.9M | -$14.3M | -$24.1M | -$19.3M | -$9.4M | -$22.7M | -$7.5M | -$9.5M | -$13.4M | -$11.1M | -$9.3M | -$36.8M | -$4.2M | -$26.1M | -$5.7M | -$6.4M | -$4.3M | -$5.7M | -$2.5M | -$10.5M | -$2.2M | -$2.9M | -$6.7M | -$600K |
| Income Before Tax (EBT) | $615.3M | $600.2M | $715.7M | $700.6M | $769M | $418.7M | $300.7M | $248.3M | $231.6M | $198M | $121.9M | $174.3M | $152.5M | $113.4M | $99M | $78.9M | $86.1M | $110.3M | $88.9M | $86.4M | $63.8M | $41.2M | $47M | $17.2M | $27.8M | $3.1M | $57.1M | $27.9M | $57.7M | $27.2M | $42.6M | $40.7M | $36.8M | $34M | -$3.8M | $10.7M | $33.9M | $27.5M | $23.2M | $30.2M |
| Income Tax Expense | $121.6M | $107.5M | $122.3M | $114.7M | $107.2M | $72.5M | $59M | $41.4M | $80.9M | $54.4M | $26.3M | $47.2M | $40.2M | $32.7M | $23.5M | $13.6M | $13.5M | $23.7M | $17.2M | $24.6M | -$400K | $11.1M | $16.7M | $4.1M | $8.6M | $1.5M | $18.4M | $21.2M | $13.3M | $10.8M | $13.9M | $13.4M | $14.3M | $14.3M | $4.7M | $6.4M | $13.2M | $10.1M | $9.5M | $13.2M |
| Net Income | $493.7M | $492.7M | $593.4M | $585.9M | $661.8M | $346.2M | $241.7M | $206.9M | $150.7M | $143.6M | $95.6M | $127.1M | $112.3M | $80.7M | $75.5M | $65.3M | $72.6M | $86M | $70.7M | $67.1M | $45.6M | $19.4M | $31.9M | $18.4M | -$5.2M | $1.6M | $38.7M | $6.7M | $44.4M | $16.4M | $28.7M | $27.3M | $23.5M | $19.7M | -$8.5M | $4.3M | $20.7M | $17.4M | $13.7M | $17M |
| Net Income Margin | 16.1% | 17.0% | 20.1% | 20.3% | 23.4% | 16.1% | 13.1% | 12.0% | 9.4% | 9.5% | 6.8% | 8.9% | 8.2% | 6.4% | 6.3% | 5.9% | 6.9% | 8.2% | 6.9% | 7.3% | 6.5% | 3.6% | 6.5% | 4.4% | -1.3% | 0.4% | 8.2% | 1.5% | 9.8% | 3.6% | 7.0% | 7.5% | 6.7% | 5.8% | -2.6% | 1.3% | 6.7% | 6.0% | 5.4% | 7.2% |
| Supplementary Data | ||||||||||||||||||||||||||||||||||||||||
| EPS | 6.83 | 6.75 | 7.99 | 7.88 | 8.90 | 4.68 | 3.27 | 2.80 | 2.04 | 1.96 | 1.33 | 1.79 | 1.61 | 1.19 | 1.12 | 0.98 | 1.11 | 1.33 | 1.08 | 1.05 | 0.75 | 0.57 | 0.75 | 0.33 | -0.09 | 0.03 | 0.65 | 0.10 | 0.67 | 0.25 | 0.43 | 0.43 | 0.37 | 0.32 | -0.14 | 0.07 | 0.32 | 0.27 | 0.21 | 0.27 |
| Diluted EPS | 6.80 | 6.69 | 7.88 | 7.73 | 8.67 | 4.57 | 3.21 | 2.74 | 1.99 | 1.91 | 1.30 | 1.75 | 1.57 | 1.15 | 1.08 | 0.95 | 1.06 | 1.25 | 1.02 | 1.00 | 0.71 | 0.56 | 0.75 | 0.33 | -0.09 | 0.03 | 0.64 | 0.10 | 0.67 | 0.25 | 0.43 | 0.43 | 0.37 | 0.31 | -0.14 | 0.07 | 0.32 | 0.27 | 0.21 | 0.27 |
| Weighted Average OS | 72.30M | 73.00M | 74.30M | 74.40M | 74.40M | 73.90M | 74.00M | 73.90M | 73.90M | 73.30M | 72.00M | 70.90M | 69.60M | 68.00M | 67.40M | 66.60M | 65.60M | 64.80M | 65.40M | 64.40M | 62.20M | 60.00M | 58.00M | 57.80M | 57.34M | 57.63M | 59.66M | 65.74M | 65.90M | 65.67M | 66.23M | 64.22M | 63.51M | 62.54M | 61.82M | 63.70M | 64.69M | 65.05M | 64.47M | 64.15M |
| EBITDA | $770.6M | $743.8M | $844.1M | $808.1M | $879.7M | $518.9M | $403.2M | $353.2M | $326.2M | $286.9M | $217.7M | $278.5M | $252.2M | $200M | $183.4M | $161.3M | $166.4M | $186.1M | $157.5M | $149.9M | $122.9M | $94.5M | $84.8M | $82.8M | $74.7M | $75.9M | $102.1M | $97M | $93.8M | $84M | $77.9M | $70.2M | $63.1M | $63.3M | $23.2M | $43.9M | $56.4M | $49.3M | $46.7M | $45.5M |
| EBITDA Margin | 25.1% | 25.7% | 28.6% | 28.0% | 31.1% | 24.2% | 21.9% | 20.6% | 20.4% | 19.0% | 15.6% | 19.6% | 18.4% | 15.8% | 15.4% | 14.6% | 15.8% | 17.7% | 15.4% | 16.4% | 17.6% | 17.4% | 17.3% | 19.7% | 18.8% | 17.6% | 21.8% | 21.6% | 20.7% | 18.3% | 18.9% | 19.2% | 18.1% | 18.7% | 7.0% | 13.6% | 18.3% | 17.1% | 18.4% | 19.3% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 | FY 2005 | FY 2004 | FY 2003 | FY 2002 | FY 2001 | FY 2000 | FY 1999 | FY 1998 | FY 1997 | FY 1996 | FY 1995 | FY 1994 | FY 1993 | FY 1992 | FY 1991 | FY 1990 | FY 1989 | FY 1988 | FY 1987 | FY 1986 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 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 | 1994-12-31 | 1993-12-31 | 1992-12-31 | 1991-12-31 | 1990-12-31 | 1989-12-31 | 1988-12-31 | 1987-12-31 | 1986-12-31 |
| Assets | ||||||||||||||||||||||||||||||||||||||||
| Current Assets | ||||||||||||||||||||||||||||||||||||||||
| Cash and Cash Equivalents | $791.3M | $484.6M | $853.9M | $894.3M | $762.6M | $615.5M | $439.1M | $337.4M | $235.9M | $203M | $274.6M | $255.3M | $230M | $161.9M | $91.8M | $110.2M | $83.1M | $87.2M | $108.4M | $47.1M | $48.8M | $68.8M | $37.8M | $33.2M | $42.1M | $42.7M | $45.3M | $31.3M | $52.3M | $27.4M | $17.4M | $27.2M | $5.2M | $3M | $2.7M | $2.2M | $1.6M | $5.1M | $12.7M | $7.4M |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $7.5M | $12.4M | $0 | $0 | $0 | $4.3M | $21M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $791.3M | $484.6M | $853.9M | $894.3M | $762.6M | $615.5M | $439.1M | $337.4M | $235.9M | $203M | $274.6M | $255.3M | $237.5M | $174.3M | $91.8M | $110.2M | $83.1M | $91.5M | $129.4M | $47.1M | $48.8M | $68.8M | $37.8M | $33.2M | $42.1M | $42.7M | $45.3M | $31.3M | $52.3M | $27.4M | $17.4M | $27.2M | $5.2M | $3M | $2.7M | $2.2M | $1.6M | $5.1M | $12.7M | $7.4M |
| Accounts Receivable | $574.4M | $552.5M | $512M | $507.4M | $489M | $385.3M | $319.3M | $288.2M | $253.2M | $200.5M | $181.4M | $179M | $185.7M | $175M | $147.2M | $126.4M | $138.7M | $128.6M | $136.1M | $110.5M | $110.5M | $75.1M | $114.5M | $66.6M | $61.8M | $60.9M | $74.6M | $64.4M | $60.4M | $69.3M | $67.9M | $57.8M | $43.3M | $41.9M | $42.8M | $41.8M | $44M | $44.1M | $35.4M | $33.4M |
| Inventory | $443.9M | $377M | $434.7M | $414.8M | $378.4M | $321.3M | $235.7M | $214.5M | $215.2M | $199.3M | $181.1M | $181.5M | $176.9M | $162.2M | $151.8M | $147M | $129.2M | $115.7M | $111.8M | $97.5M | $61.2M | $56.7M | $48M | $41.3M | $34.3M | $41M | $42.1M | $43.5M | $38.3M | $44M | $48.3M | $38.1M | $34.5M | $38M | $33.8M | $46.4M | $44.7M | $42.8M | $36.7M | $34.7M |
| Other Current Assets | $168.6M | $124M | $135.8M | $103M | $112M | $51.6M | $64.6M | $54.3M | $39.2M | $39.1M | $36.6M | $43.3M | $50.6M | $45.8M | $81.2M | $53M | $46.2M | $30.4M | $35M | $26.6M | $19.8M | $25.9M | $16.8M | $20.7M | $20.3M | $28.5M | $22.7M | $20.5M | $19.7M | $16M | $14.8M | $13.6M | $10.2M | $15.8M | $18.1M | $10.8M | $7.1M | $4.5M | $5.1M | $3M |
| Total Current Assets | $1.98B | $1.54B | $1.94B | $1.92B | $1.74B | $1.37B | $1.06B | $894.4M | $743.5M | $641.9M | $673.7M | $659.3M | $650.7M | $557.3M | $472M | $436.6M | $397.2M | $366.2M | $412.3M | $281.7M | $237.2M | $226.5M | $216.7M | $161.3M | $158.5M | $173.1M | $184.7M | $159.7M | $170.7M | $156.7M | $148.4M | $136.7M | $93.2M | $98.7M | $97.4M | $101.2M | $97.4M | $96.5M | $89.9M | $78.5M |
| Long-Term Assets | ||||||||||||||||||||||||||||||||||||||||
| Property, Plant & Equipment Net | $1.84B | $1.69B | $1.51B | $1.26B | $1.13B | $1.01B | $909.4M | $822M | $855M | $778.3M | $721M | $705.8M | $711.7M | $669M | $593.6M | $554.8M | $577.1M | $531M | $481.7M | $384.7M | $328M | $283.8M | $255.7M | $223.3M | $210.3M | $235.8M | $227.6M | $220.3M | $202.2M | $210.3M | $229.3M | $192.2M | $172.8M | $165.8M | $165.8M | $201.3M | $178.8M | $169M | $155.5M | $125M |
| Goodwill | $110M | $106.1M | $108.5M | $107.3M | $109.9M | $111.1M | $107.8M | $105.8M | $107.7M | $103M | $104.6M | $108.6M | $114.2M | $112.5M | $111.5M | $112.5M | $114.2M | $105.3M | $109.2M | $102.8M | $89.5M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $7.7M | $10.8M | $15.1M | $18.4M | $23M | $30.5M | $29.8M | $20.4M | $21.7M | $23.3M | $37.6M | $42M | $48.3M | $50.6M | $52M | $55.1M | $55.6M | $50M | $55M | $66.3M | $69.7M | $43.7M | $48.4M | $44.5M | $32.6M | $52.4M | $66.5M | $61.2M | $51.6M | $58.9M | $63M | $33.9M | $12.7M | $14.1M | $15M | $17.8M | $14.2M | $12.8M | $12.3M | $9M |
| Long-Term Investments | $212.3M | $202.1M | $210M | $204.9M | $207.7M | $214.7M | $192.7M | $91.2M | $85.8M | $82.7M | $61.3M | $60.6M | $60.9M | $59.8M | $56.2M | $48.2M | $38.2M | $33.6M | $31.7M | $29.7M | $27.7M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $38.4M | $26M | $25.7M | $65.6M | $48.5M | $16M | $14M | $24.7M | $25.7M | $66.2M | $70.5M | $66.1M | $61.8M | $90.3M | $85.1M | $64.5M | $69.4M | $63.7M | $61M | $29.8M | $8.3M | $17.9M | $20.5M | $27.6M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $80.1M | $74.3M | $21.3M | $38.4M | $55.9M | $36.3M | $29M | $20.5M | $23.4M | $21.3M | $26.4M | $28.5M | $24M | $24.5M | $28.7M | $22.6M | $19.3M | $18.9M | $34.7M | $23.2M | $63.2M | $86.8M | $82.3M | $80.1M | $109.9M | $96.1M | $73M | $64.4M | $53.4M | $51.5M | $39.4M | $34.6M | $28.7M | $25.8M | $35M | $23.2M | $22.6M | $20.6M | $22.4M | $24.9M |
| Total Long-Term Assets | $2.29B | $2.11B | $1.89B | $1.7B | $1.57B | $1.42B | $1.28B | $1.08B | $1.12B | $1.07B | $1.02B | $1.01B | $1.02B | $1.01B | $927.1M | $857.7M | $873.8M | $802.5M | $773.3M | $636.5M | $586.4M | $432.2M | $406.9M | $375.5M | $352.8M | $384.3M | $367.1M | $345.9M | $307.2M | $320.7M | $331.7M | $260.7M | $214.2M | $205.7M | $215.8M | $242.3M | $215.6M | $202.4M | $190.2M | $158.9M |
| Other Assets | -$100K | -$100K | $0 | $0 | $0 | $0 | $0 | -$386.6M | $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 | $0 |
| Total Assets | $4.27B | $3.64B | $3.83B | $3.62B | $3.31B | $2.79B | $2.34B | $1.59B | $1.86B | $1.72B | $1.7B | $1.67B | $1.67B | $1.56B | $1.4B | $1.29B | $1.27B | $1.17B | $1.19B | $918.2M | $823.6M | $658.7M | $623.6M | $536.8M | $511.3M | $557.4M | $551.8M | $505.6M | $477.9M | $477.4M | $480.1M | $397.4M | $307.4M | $304.4M | $313.2M | $343.5M | $313M | $298.9M | $280.1M | $237.4M |
| Liabilities | ||||||||||||||||||||||||||||||||||||||||
| Current Liabilities | ||||||||||||||||||||||||||||||||||||||||
| Accounts Payable | $253.7M | $239.3M | $242.4M | $215.4M | $232.2M | $213.1M | $156.8M | $130.4M | $138.1M | $122M | $119.8M | $103.1M | $108M | $102.9M | $89.8M | $63.2M | $68.4M | $67.6M | $80.4M | $61.2M | $45.8M | $29.3M | $28.6M | $19.2M | $22.6M | $23.5M | $25.5M | $20.8M | $18.6M | $23.9M | $22.5M | $19.3M | $14.1M | $20.4M | $16.4M | $18M | $16.3M | $0 | $0 | $0 |
| Short-Term Debt | $22.7M | $18.8M | $134M | $2.2M | $44.2M | $2.3M | $2.3M | $100K | $0 | $2.4M | $69.3M | $27.2M | $2.2M | $32.7M | $50.1M | $300K | $500K | $3.9M | $500K | $500K | $300K | $10M | $8M | $15.8M | $8.7M | $3.6M | $29.6M | $36.1M | $1.6M | $2.9M | $9.8M | $21.9M | $7.7M | $10.6M | $9.3M | $12.3M | $6M | $6.3M | $9.2M | $14.6M |
| Current Income Tax Payable | $0 | $50.3M | $31M | $38.5M | $39.3M | $41.4M | $12.9M | $9.8M | $6M | $4.5M | $12.8M | $14.9M | $22.1M | $23.4M | $17M | $15M | $13.8M | $9.7M | $9.8M | $1M | $3.1M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $49.6M | $41.7M | $57.3M | $48.7M | $51M | $27.5M | $25.5M | $18.4M | $13.2M | $14.4M | $13.3M | $10.8M | $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 |
| Other Current Liabilities | $214.5M | $100.5M | $54.2M | $54M | $45.1M | $49.9M | $28.8M | $22.6M | $22.7M | $17.5M | $13.3M | $10.9M | $18.5M | $46.3M | $41M | $42.9M | $41.6M | $35.6M | $36.4M | $59.9M | $9.3M | $8.6M | $19.2M | $2.4M | $20.4M | $21.6M | $48.9M | $49.8M | $37.8M | $38.8M | $29.5M | $45.1M | $25M | $29.9M | $45.2M | $34.4M | $24.7M | $37.2M | $35.5M | $28.3M |
| Total Current Liabilities | $654.9M | $550.4M | $671.8M | $519M | $594.1M | $503.4M | $341.6M | $283.7M | $279.5M | $241M | $314.3M | $252.5M | $236.9M | $261.8M | $243.2M | $169.7M | $171.1M | $159.1M | $182.9M | $156.9M | $124.8M | $116.5M | $118.9M | $87.7M | $75.3M | $79.3M | $104M | $104.2M | $58M | $65.6M | $61.8M | $86.3M | $46.8M | $60.9M | $70.9M | $64.7M | $47M | $43.5M | $44.7M | $42.9M |
| Long-Term Liabilities | ||||||||||||||||||||||||||||||||||||||||
| Long-Term Debt | $298.4M | $202.6M | $72.8M | $206.7M | $208.8M | $252.9M | $255M | $196M | $197M | $226.2M | $228.9M | $309.5M | $371.3M | $378.8M | $299.3M | $358.1M | $379.1M | $382.1M | $394.6M | $235.8M | $280.7M | $150.8M | $167M | $159.2M | $184.3M | $195.8M | $141.5M | $105M | $87.4M | $95.5M | $104.5M | $35.9M | $24.6M | $31.5M | $49.1M | $66.2M | $52.1M | $48.8M | $51.3M | $29.7M |
| 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 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $23M | $20.5M | $12.7M | $14.3M | $4.9M | $10.4M | $15.5M | $13.1M | $10.4M | $9.2M | $12.4M | $15.7M | $18.9M | $20.8M | $21.6M | $20M | $22.9M | $20.4M | $46.6M | $43.5M | $31.9M | $45M | $44.8M | $56.2M | $46.8M | $51M | $48M | $39.1M | $30.1M | $39.7M | $34.3M | $24.4M | $18.4M | $15.5M | $14.3M | $24.8M | $25.2M | $24.6M | $22.1M | $20.4M |
| Other Long-Term Liabilities | $22.1M | $103.7M | $106.7M | $98.9M | $107.6M | $112.2M | $93.7M | $89.8M | $96M | $122.8M | $115.6M | $136.3M | $138.1M | $173.7M | $180.1M | $120.8M | $118.8M | $120M | $70.6M | $62.7M | $48.6M | $45.3M | $35.3M | $32.2M | $28.1M | $25.5M | $26.3M | $26.6M | $24.3M | $24.3M | $25.2M | $21.6M | $18.6M | $17.8M | $17.8M | $0 | -$100K | $10.6M | $6.2M | $5.5M |
| Total Long-Term Liabilities | $439.1M | $410.7M | $276.7M | $412.9M | $384.3M | $435.9M | $426.6M | $298.9M | $303.4M | $358.2M | $356.9M | $461.5M | $528.3M | $573.3M | $501M | $498.9M | $520.8M | $522.5M | $511.8M | $342M | $361.2M | $241.1M | $247.1M | $247.6M | $259.2M | $272.3M | $215.8M | $170.7M | $141.8M | $159.5M | $164M | $81.9M | $61.6M | $64.8M | $81.2M | $91M | $77.2M | $84M | $79.6M | $55.6M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $1.09B | $961.1M | $948.5M | $931.9M | $978.4M | $939.3M | $768.2M | $582.6M | $582.9M | $599.2M | $671.2M | $712.8M | $765.2M | $835.1M | $744.2M | $668.6M | $691.9M | $681.6M | $694.7M | $498.9M | $489.5M | $348.1M | $366M | $328.1M | $334.5M | $343.3M | $319.8M | $277.4M | $199.8M | $225.1M | $225.8M | $168.2M | $108.4M | $125.7M | $152.1M | $155.7M | $124.2M | $127.5M | $124.3M | $98.5M |
| 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 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $18.8M | $18.8M | $18.8M | $18.8M | $18.8M | $18.8M | $18.8M | $18.8M | $18.8M | $18.4M | $18.1M | $17.8M | $17.6M | $8.6M | $8.6M | $8.6M | $8.6M | $8.6M | $8.6M | $8.6M | $8.6M | $8.6M | $4.3M | $4.3M | $4.3M | $4.3M | $4.3M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Retained Earnings | $4.37B | $3.96B | $3.52B | $2.99B | $2.46B | $1.85B | $1.55B | $1.35B | $1.18B | $1.07B | $964.6M | $902.2M | $805M | $719.9M | $664.5M | $612.6M | $569.4M | $517.3M | $450.3M | $375.7M | $318.6M | $287.5M | $281.2M | $261.2M | $254M | $269.8M | $278.1M | $249.3M | $252.5M | $217.7M | $210.2M | $189.8M | $169.9M | $153.1M | $139.7M | $160.6M | $162.6M | $148.5M | $134.7M | $126.5M |
| Comprehensive Income & Other | -$105.5M | -$258.1M | -$143.8M | -$183M | -$159.6M | -$110.6M | -$149.6M | -$154.2M | -$117.3M | -$186.8M | -$162.6M | -$119.2M | -$32.4M | -$75.9M | -$71.5M | -$31.3M | -$19.7M | -$44.9M | $33.6M | $10.6M | $8.9M | $33.2M | $18.9M | -$13.4M | -$27.4M | -$14.5M | -$5.3M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Stockholders' Equity | -$1.22B | -$1.29B | -$661.2M | -$321.7M | -$140.1M | -$11M | $5M | $24.1M | $82.9M | $27.5M | $41.2M | $36.9M | $83.8M | $400K | -$18.2M | $4.5M | $1.1M | -$38.8M | $26.4M | $30.2M | $6.3M | $5M | -$27.9M | -$64M | -$81.5M | -$69.3M | -$51.2M | -$19.2M | $25.2M | $34.3M | $43.9M | $37.5M | $18.2M | $15.5M | $13M | $15.5M | $17.1M | $22.9M | $21.1M | $12.4M |
| Total Equity | $3.18B | $2.68B | $2.88B | $2.68B | $2.34B | $1.85B | $1.57B | $1.4B | $1.28B | $1.12B | $1.02B | $956.9M | $906.4M | $728.9M | $654.9M | $625.7M | $579.1M | $487.1M | $485.3M | $414.5M | $333.5M | $301.1M | $257.6M | $201.5M | $176.8M | $204.8M | $231.2M | $230.1M | $277.7M | $252M | $254.1M | $227.3M | $188.1M | $168.6M | $152.7M | $176.1M | $179.7M | $171.4M | $155.8M | $138.9M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $5.6M | $4.8M | $4.1M | $0 | $0 | $0 | $0 | $1M | $800K | $600K | $400K | $300K | $200K | $1.9M | $10.9M | $10.1M | $8.4M | $11.7M | $9.1M | $0 | $0 | $0 |
| Total Liabilities and Equity | $4.27B | $3.64B | $3.83B | $3.62B | $3.31B | $2.79B | $2.34B | $1.98B | $1.86B | $1.72B | $1.7B | $1.67B | $1.67B | $1.56B | $1.4B | $1.29B | $1.27B | $1.17B | $1.18B | $913.4M | $823M | $649.2M | $623.6M | $529.6M | $511.3M | $548.1M | $551M | $507.5M | $477.5M | $477.1M | $479.9M | $395.5M | $296.5M | $294.3M | $304.8M | $331.8M | $303.9M | $298.9M | $280.1M | $237.4M |
| Supplementary Data | ||||||||||||||||||||||||||||||||||||||||
| Total Debt | $416.7M | $305.3M | $309M | $317.9M | $325.3M | $325.7M | $329.3M | $196.1M | $197M | $228.6M | $298.2M | $335.5M | $373.5M | $411.5M | $349.4M | $358.4M | $379.6M | $386M | $395.1M | $236.3M | $281M | $160.8M | $175M | $175M | $193M | $199.4M | $171.1M | $141.1M | $89M | $98.4M | $114.3M | $57.8M | $32.3M | $42.1M | $58.4M | $78.5M | $58.1M | $55.1M | $60.5M | $44.3M |
| Net Debt | -$374.6M | -$179.3M | -$544.9M | -$576.4M | -$437.3M | -$289.8M | -$109.8M | -$141.3M | -$38.9M | $25.6M | $23.6M | $80.2M | $143.5M | $249.6M | $257.6M | $248.2M | $296.5M | $298.8M | $286.7M | $189.2M | $232.2M | $92M | $137.2M | $141.8M | $150.9M | $156.7M | $125.8M | $109.8M | $36.7M | $71M | $96.9M | $30.6M | $27.1M | $39.1M | $55.7M | $76.3M | $56.5M | $50M | $47.8M | $36.9M |
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 | FY 1994 | FY 1993 | FY 1992 | FY 1991 | FY 1990 | FY 1989 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 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 | 1994-12-31 | 1993-12-31 | 1992-12-31 | 1991-12-31 | 1990-12-31 | 1989-12-31 |
| Operating Activities | |||||||||||||||||||||||||||||||||||||
| Net Income | $493.7M | $492.7M | $593.4M | $585.9M | $661.8M | $346.2M | $241.7M | $206.9M | $150.7M | $143.6M | $95.6M | $127.1M | $112.3M | $80.7M | $75.5M | $65.3M | $72.6M | $86M | $70.7M | $67.1M | $45.6M | $19.4M | $31.9M | $18.4M | $19.6M | $1.6M | $38.7M | $6.7M | $44.4M | $16.4M | $28.7M | $27.3M | $22.5M | $19.7M | -$8.5M | $4.3M | $20.7M |
| Depreciation & Amortization | $171.4M | $155.4M | $137.3M | $120.6M | $122.3M | $109.1M | $103.4M | $104.4M | $96.7M | $90.7M | $89.9M | $90M | $85.2M | $76.9M | $75.7M | $73.2M | $68.1M | $60.6M | $56.6M | $52.7M | $47.4M | $33.2M | $33M | $33M | $32M | $37M | $35.7M | $32.3M | $31.9M | $30.7M | $29.6M | $23.1M | $22M | $23.6M | $24.5M | $22.7M | $20.3M |
| Deferred Income Tax | -$13.7M | $0 | $37.5M | -$30.8M | -$42.9M | -$5.8M | $15.3M | $900K | $41.7M | $21.5M | -$8.9M | $7M | $1.7M | $5.3M | $2.9M | -$1.8M | -$4.8M | $7.3M | -$6.4M | $4.9M | $2.3M | -$2.9M | $7.5M | $1.5M | $1.4M | $100K | $8.5M | $5.9M | -$7.5M | -$5.7M | $2M | -$2.7M | $2.5M | $600K | -$3.2M | -$2.6M | -$600K |
| Stock-Based Compensation | $23.8M | $18.7M | $23.3M | $23.7M | $37.5M | $34M | $24.4M | $15.1M | $16.1M | $19.5M | $29.6M | $18.6M | $21.2M | $15.5M | $8.4M | $7.8M | $7.5M | $6.4M | $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 | $6.9M | -$58.8M | $4M | -$35.6M | -$123.5M | -$46.6M | -$33.3M | -$43.8M | -$39.7M | -$23.3M | -$14.1M | -$6.3M | -$9.1M | -$25.7M | -$25.5M | $5.5M | -$6M | $1.9M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | -$62.8M | $42M | -$13.5M | -$49.8M | -$86.5M | -$73.7M | -$18.6M | -$7M | -$3.6M | -$21.2M | -$11.4M | -$16.2M | -$13.9M | -$8.9M | -$9.3M | -$20.7M | -$6.4M | -$13.4M | -$9M | -$22.8M | $400K | -$6.9M | -$2.8M | -$4.7M | -$900K | -$500K | -$1.2M | -$2.4M | $2.7M | -$2.7M | -$4.5M | -$700K | $2.7M | -$4.5M | $10.4M | $3.3M | -$2.6M |
| Accounts Payable | $17.9M | $2.9M | $4.4M | -$2.8M | $16.8M | $36.6M | $25.3M | $400K | $12.6M | $6.1M | $17.2M | -$3.5M | $4.6M | $5.8M | $24.6M | -$300K | -$700K | -$3.3M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | $117.8M | $16.8M | -$15.3M | $73.2M | -$600K | $73.4M | $12.2M | $22.1M | -$10.7M | -$20.3M | -$2.5M | -$4.6M | $14.7M | $25.5M | -$10.9M | $18.5M | -$2.5M | -$14.7M | -$5.5M | $17.6M | -$20.8M | $8.8M | $15.5M | -$2.8M | -$14.2M | $5.4M | -$4.7M | $2.1M | $100K | $2.2M | -$11.2M | -$3.4M | -$9M | -$7M | -$5M | $8.9M | $4M |
| Total Working Capital Change | $79.8M | $2.9M | -$20.4M | -$15M | -$193.8M | -$10.3M | -$14.4M | -$28.3M | -$41.4M | -$58.7M | -$10.8M | -$30.6M | -$3.7M | -$3.3M | -$21.1M | $3M | -$15.6M | -$29.5M | -$14.5M | -$5.2M | -$20.4M | $1.9M | $12.7M | -$7.5M | -$15.1M | $4.9M | -$5.9M | -$300K | $2.8M | -$500K | -$15.7M | -$4.1M | -$6.3M | -$11.5M | $5.4M | $12.2M | $1.4M |
| Other Non-Cash Items | -$200K | -$16.3M | $5.4M | $36.1M | -$900K | -$700K | -$3.2M | -$10.4M | -$500K | $2.8M | $17M | -$29.2M | $3.8M | $12.3M | -$10.7M | -$9.2M | $9.9M | $4.2M | $11M | $23.4M | $10.7M | $6.4M | -$15.9M | $8.5M | $19.6M | $5M | $1.4M | $26.4M | -$400K | $22.3M | $1.3M | $5.7M | -$800K | $1.6M | $100K | -$100K | -$100K |
| Net Cash from Operating | $754.8M | $653.4M | $776.5M | $724M | $584M | $472.5M | $367.2M | $288.6M | $263.3M | $219.4M | $212.4M | $182.9M | $220.5M | $187.4M | $130.7M | $138.3M | $137.7M | $135M | $129.2M | $143.8M | $85.6M | $68.9M | $69.2M | $53.9M | $32.7M | $48.6M | $69.4M | $71M | $67.7M | $63.4M | $46.1M | $49.8M | $38.5M | $34M | $44.4M | $36M | $42.9M |
| Investing Activities | |||||||||||||||||||||||||||||||||||||
| Capital Expenditures | -$285.9M | -$377M | -$362M | -$284.6M | -$253.4M | -$174.4M | -$126.4M | -$104.7M | -$130.8M | -$170.2M | -$131.6M | -$112.1M | -$155.8M | -$132M | -$96.8M | -$73.8M | -$107.8M | -$139.1M | -$129.4M | -$90.3M | -$54.1M | -$57.4M | -$60.8M | -$37.7M | -$44.1M | -$57.3M | -$63.4M | -$76.7M | -$34.4M | -$31.7M | -$31.3M | -$27.1M | -$33.5M | -$22.4M | -$25.5M | -$33.2M | -$34.3M |
| Acquisitions | $0 | $0 | $0 | $0 | -$2.2M | $0 | -$104M | $0 | -$6M | $0 | $0 | $112.1M | $155.8M | $132M | $96.8M | -$3.7M | -$16.9M | -$8.5M | -$4.7M | $0 | -$174.8M | $0 | $0 | $0 | -$1.1M | -$3.4M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 | $0 | -$85.1M | $0 | $0 | -$8.4M | $0 | -$9.3M | -$14.2M | -$31.2M | -$41.2M | -$7.2M | $107.8M | $139.1M | -$22.7M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $85.1M | $0 | $0 | $0 | $0 | $16.8M | $19.1M | $45.6M | $15.6M | $8.9M | $2.6M | $16.8M | $700K | $200K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | -$1.7M | -$6.7M | -$3.6M | $2.5M | -$5.1M | $2.4M | $3.9M | $3.2M | $2.8M | $2.1M | -$111.5M | -$154.8M | -$130.4M | -$94.9M | $1.8M | -$107.6M | -$136.5M | $200K | $200K | $1.5M | $32.9M | $3.7M | $5.4M | $29.8M | $200K | $1.7M | $2.9M | $1.4M | $7.2M | -$69.3M | -$10.2M | $8M | $7.5M | $1M | $1.6M | -$5M |
| Net Cash from Investing | -$285.9M | -$378.7M | -$368.7M | -$288.2M | -$253.1M | -$179.5M | -$228M | -$100.8M | -$133.6M | -$175.8M | -$129.5M | -$104M | -$149.9M | -$116M | -$120.5M | -$74M | -$121.9M | -$128.2M | -$155.9M | -$89.9M | -$227.4M | -$24.5M | -$57.1M | -$32.3M | -$15.4M | -$60.5M | -$61.7M | -$73.8M | -$33M | -$24.5M | -$100.6M | -$37.3M | -$25.5M | -$14.9M | -$24.5M | -$31.6M | -$39.3M |
| Financing Activities | |||||||||||||||||||||||||||||||||||||
| Debt Repaid | $1.1M | $27.6M | $2.3M | $44.3M | $2.2M | $2.3M | -$89.9M | $100K | $34.9M | $69.8M | $27.4M | $2.3M | $5.6M | $47.8M | $500K | $1.1M | $10.2M | $12.3M | -$137.5M | $57.6M | -$130.6M | $15.5M | $3.3M | $25.1M | $5.9M | -$30.3M | -$34.2M | -$48.2M | $1.7M | $13.7M | -$49.2M | -$12.1M | $7.6M | $15.2M | $15.2M | -$13M | -$1.5M |
| Common Stock Issuance | $18.2M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $10.9M | $5.8M | $3.7M | $5M | $6.2M | $4.4M | $4.4M | $11.5M | $13.5M | $3M | $3.3M | $700K | $1.5M | $2.8M | $2.6M | $4M | $3.5M | $2.8M | $3.4M | $3.9M | $5.5M | $1.6M | $400K | $1.5M |
| Common Stock Repurchases | -$134M | -$566.6M | -$451.2M | -$222.2M | -$151.9M | -$121.4M | -$85.3M | -$70.8M | -$74.4M | -$55.9M | -$5.6M | -$4.1M | -$5.2M | -$4.7M | -$3.5M | -$2.1M | -$1.3M | -$5.2M | -$43M | $0 | -$100K | -$100K | $0 | -$100K | -$100K | -$10.8M | -$18.1M | -$60.4M | $0 | $0 | $0 | $0 | $0 | -$3.3M | $0 | -$11.3M | -$5.3M |
| Dividends Paid | -$61.2M | -$59.1M | -$57M | -$54.1M | -$51.1M | -$48.1M | -$45.1M | -$42.1M | -$39.1M | -$35.8M | -$32.4M | -$29.1M | -$26.8M | -$24.9M | -$23.2M | -$21.7M | -$20.1M | -$18.6M | -$17.5M | -$15.9M | -$14.1M | -$12.8M | -$11.8M | -$11.1M | -$10.5M | -$9.8M | -$10.3M | -$9.4M | -$9.4M | -$10M | -$8.1M | -$7.2M | -$7M | -$6.3M | -$6.2M | -$6.3M | -$5M |
| Other Financing Activities | -$7M | $30.7M | $50.9M | $27M | $37.1M | $34.7M | $31.5M | $32.3M | $39.4M | $47.6M | $23.9M | $24.7M | $32.4M | $8.3M | $9.3M | $2.1M | $4M | $5.9M | $3.2M | $10.9M | $2.6M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$8.7M | $0 | $400K | $0 | $500K | $400K | -$100K | $300K |
| Net Cash from Financing | -$185.1M | -$622.6M | -$459.6M | -$293.6M | -$168.1M | -$137.1M | -$36.8M | -$80.7M | -$109M | -$113.9M | -$41.5M | -$30.8M | -$5.1M | -$3.4M | -$24.7M | -$34M | -$22.6M | -$20.9M | $84.6M | -$60.2M | $120.5M | -$15.4M | -$12.1M | -$33M | -$15.8M | $11.2M | $8.6M | -$19M | -$7.1M | -$28.9M | $43.9M | $8.7M | -$10.7M | -$18.8M | -$19.4M | -$4.3M | -$7M |
| Forex Effect | $22.9M | -$21.4M | $11.4M | -$10.5M | -$15.7M | $20.5M | -$700K | -$5.6M | $12.2M | -$1.3M | -$22.1M | -$22.8M | $2.6M | $2.1M | -$3.9M | -$3.2M | $2.7M | -$7.1M | $3.4M | $4.6M | $1.3M | $2M | $4.6M | $2.5M | -$2.1M | -$1.9M | -$2.3M | $800K | -$2.6M | -$100K | $800K | $800K | -$100K | -$19.1M | -$19.9M | $400K | -$100K |
| Net Change in Cash | $306.7M | -$369.3M | -$40.4M | $131.7M | $147.1M | $176.4M | $101.7M | $101.5M | $32.9M | -$71.6M | $19.3M | $25.3M | $68.1M | $70.1M | -$18.4M | $27.1M | -$4.1M | -$21.2M | $61.3M | -$1.7M | -$20M | $31M | $4.6M | -$8.9M | -$600K | -$2.6M | $14M | -$21M | $25M | $9.9M | -$9.8M | $22M | $2.2M | -$18.8M | -$19.4M | $500K | -$3.5M |
| Supplementary Data | |||||||||||||||||||||||||||||||||||||
| Operating Cash Flow | $754.8M | $653.4M | $776.5M | $724M | $584M | $472.5M | $367.2M | $288.6M | $263.3M | $219.4M | $212.4M | $182.9M | $220.5M | $187.4M | $130.7M | $138.3M | $137.7M | $135M | $129.2M | $143.8M | $85.6M | $68.9M | $69.2M | $53.9M | $32.7M | $48.6M | $69.4M | $71M | $67.7M | $63.4M | $46.1M | $49.8M | $38.5M | $34M | $44.4M | $36M | $42.9M |
| Capital Expenditure | -$285.9M | -$377M | -$362M | -$284.6M | -$253.4M | -$174.4M | -$126.4M | -$104.7M | -$130.8M | -$170.2M | -$131.6M | -$112.1M | -$155.8M | -$132M | -$96.8M | -$73.8M | -$107.8M | -$139.1M | -$129.4M | -$90.3M | -$54.1M | -$57.4M | -$60.8M | -$37.7M | -$44.1M | -$57.3M | -$63.4M | -$76.7M | -$34.4M | -$31.7M | -$31.3M | -$27.1M | -$33.5M | -$22.4M | -$25.5M | -$33.2M | -$34.3M |
| Free Cash Flow | $468.9M | $276.4M | $414.5M | $439.4M | $330.6M | $298.1M | $240.8M | $183.9M | $132.5M | $49.2M | $80.8M | $70.8M | $64.7M | $55.4M | $33.9M | $64.5M | $29.9M | -$4.1M | -$200K | $53.5M | $31.5M | $11.5M | $8.4M | $16.2M | -$11.4M | -$8.7M | $6M | -$5.7M | $33.3M | $31.7M | $14.8M | $22.7M | $5M | $11.6M | $18.9M | $2.8M | $8.6M |
| Cash at Beginning | $484.6M | $853.9M | $894.3M | $762.6M | $615.5M | $439.1M | $337.4M | $235.9M | $203M | $274.6M | $255.3M | $230M | $161.9M | $91.8M | $110.2M | $83.1M | $87.2M | $108.4M | $47.1M | $48.8M | $68.8M | $37.8M | $33.2M | $42.1M | $42.7M | $45.3M | $31.3M | $52.3M | $27.3M | $17.4M | $27.2M | $5.2M | $3M | $2.7M | $2.2M | $1.6M | $5.1M |
| Cash at End | $791.3M | $484.6M | $853.9M | $894.3M | $762.6M | $615.5M | $439.1M | $337.4M | $235.9M | $203M | $274.6M | $255.3M | $230M | $161.9M | $91.8M | $110.2M | $83.1M | $87.2M | $108.4M | $47.1M | $48.8M | $68.8M | $37.8M | $33.2M | $42.1M | $42.7M | $45.3M | $31.3M | $52.3M | $27.3M | $17.4M | $27.2M | $5.2M | -$16.1M | -$17.2M | $2.1M | $1.6M |