ZIMMER BIOMET HOLDINGS, INC. (ZBH)
Zimmer Biomet Holdings, Inc. engages in the design, manufacture, and marketing of orthopedic reconstructive products. The firm also offers sports medicine, biologics, extremities, and trauma products, spine, craniomaxillofacial, and thoracic products, office-based technologies, dental implants, and related surgical products. It operates through the following geographical segments: Americas, Europe Middle East and Africa, and Asia Pacific. The Americas segment consists of the U.S. and includes other North, Central and South American markets. The Europe Middle East and Africa segment includes France, Germany, Italy, Spain, and the United Kingdom. The Asia Pacific segment refers to the key markets such as Japan, China, Australia, New Zealand, Korea, Taiwan, India, Thailand, Singapore, Hong Kong, and Malaysia. The company was founded by Justin O. Zimmer in 1927 and is headquartered in Warsaw, IN.
Sector: Orthopedic, Prosthetic & Surgical Appliances & Supplies
Industry: Medical - Devices
Zimmer Biomet Holdings, Inc.
NYSE:ZBHHealthcare · Medical - Devices
-0.25%$98.56
AH Close$98.56+0.00%vs close
AH Close$98.56+0.00%vs close
Mkt Cap$18.8B
Float189.9M
O/S190.74M
Inst Own-
SI5.1%
Div Yield0.97%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$8.23B
Net Income$705.2M
Total Assets$23.09B
Free Cash Flow$1.47B
Debt & Equity
Debt 37%
Equity 63%
Total Debt$7.52B
Total Equity$12.7B
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in ZBH's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$23.09B
Liabilities$10.39B
Accounts Receivable$1.7B
Accounts Payable$303M
Inventory$2.29B
PP&E (Net)$2.21B
Goodwill$9.95B
Intangible Assets$4.72B
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Revenue | $8.23B | $7.68B | $7.39B | $6.94B | $6.83B | $6.13B | $7.98B | $7.93B | $7.8B | $7.67B | $6B | $4.67B | $4.62B | $4.47B | $4.45B | $4.22B | $4.1B | $4.12B | $3.9B | $3.5B | $3.29B | $2.98B | $1.9B | $1.37B | $1.18B | $1.04B | $939M | $861M |
| YoY Growth | 7.2% | 3.8% | 6.5% | 1.6% | 11.4% | -23.2% | 0.6% | 1.7% | 1.8% | 27.9% | 28.3% | 1.1% | 3.4% | 0.4% | 5.5% | 3.0% | -0.6% | 5.7% | 11.5% | 6.4% | 10.2% | 56.8% | 38.5% | 16.4% | 13.3% | 10.8% | 9.1% | - |
| Cost of Revenue | $3.16B | $2.19B | $2.08B | $2.02B | $1.96B | $1.82B | $2.25B | $2.27B | $2.13B | $2.38B | $1.8B | $1.24B | $1.29B | $1.13B | $1.12B | $1.01B | $990.7M | $997.3M | $875.9M | $780.1M | $739.4M | $779.9M | $516.2M | $344.8M | $325.9M | $290.9M | $269M | $265M |
| Gross Profit | $5.07B | $5.49B | $5.31B | $4.92B | $4.87B | $4.3B | $5.73B | $5.66B | $5.67B | $5.29B | $4.2B | $3.43B | $3.34B | $3.35B | $3.33B | $3.21B | $3.1B | $3.12B | $3.02B | $2.72B | $2.55B | $2.2B | $1.38B | $1.03B | $852.7M | $749.7M | $670M | $596M |
| Gross Margin | 61.6% | 71.5% | 71.8% | 70.9% | 71.3% | 70.2% | 71.8% | 71.4% | 72.7% | 68.9% | 70.0% | 73.4% | 72.2% | 74.8% | 74.8% | 76.0% | 75.8% | 75.8% | 77.5% | 77.7% | 77.5% | 73.8% | 72.8% | 74.9% | 72.3% | 72.0% | 71.4% | 69.2% |
| Research and Development | $458.5M | $437.4M | $458.7M | $406M | $435.8M | $322.8M | $449.3M | $391.7M | $369.9M | $365.6M | $268.8M | $191.9M | $204.2M | $225.6M | $238.4M | $218.5M | $205.7M | $192.3M | $209.6M | $188.3M | $175.5M | $166.7M | $105.8M | $80.7M | $71.6M | $52M | $45M | $36M |
| Selling, General, and Administrative | $3.25B | $2.93B | $2.84B | $2.76B | $2.84B | $2.71B | $3.34B | $3.38B | $3.1B | $2.94B | $2.66B | $1.98B | $1.83B | $1.91B | $1.86B | $1.77B | $1.76B | $1.77B | $1.49B | $1.36B | $1.26B | $1.19B | $737.5M | $546M | $532.8M | $429.7M | $394M | $349M |
| Other | $0 | $834.5M | $735.1M | $1.06B | $727.4M | $1.18B | $799M | $1.86B | $1.4B | $1.16B | $800.6M | $223.1M | $6M | $161.2M | $203.8M | $306.8M | $116.2M | $68.5M | $194.7M | $6.1M | $56.6M | $81.1M | $90.8M | $0 | $0 | $0 | $0 | $0 |
| Total Operating Expenses | $3.71B | $4.2B | $4.03B | $4.22B | $4.01B | $4.22B | $4.59B | $5.63B | $4.87B | $4.47B | $3.73B | $2.39B | $2.04B | $2.3B | $2.31B | $2.29B | $2.09B | $2.03B | $1.89B | $1.55B | $1.49B | $1.44B | $934.1M | $626.7M | $604.4M | $481.7M | $439M | $385M |
| Operating Income (EBIT) | $1.36B | $1.29B | $1.28B | $696.3M | $860.3M | $83.1M | $1.14B | $33.8M | $799.3M | $821.1M | $467.3M | $1.04B | $1.04B | $1.05B | $1.02B | $916.7M | $1.02B | $1.09B | $1.13B | $1.17B | $1.05B | $763.2M | $450.7M | $400.9M | $248.3M | $268M | $231M | $211M |
| Operating Margin | 16.5% | 16.7% | 17.3% | 10.0% | 12.6% | 1.4% | 14.3% | 0.4% | 10.2% | 10.7% | 7.8% | 22.2% | 22.4% | 23.4% | 23.0% | 21.7% | 24.9% | 26.4% | 28.9% | 33.3% | 32.1% | 25.6% | 23.7% | 29.2% | 21.1% | 25.8% | 24.6% | 24.5% |
| Interest Expense | $292.8M | $218M | $201.2M | $164.8M | $208.4M | $212.1M | $226.9M | $289.3M | $325.3M | $355M | $286.6M | $63.1M | $70.1M | $72.9M | $55.3M | $60.2M | $20.6M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Interest Income | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $9.4M | $11.9M | $15.6M | $15.6M | $10.1M | $3.7M | $0 | $31.8M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | -$531.4M | -$249.1M | -$210.4M | -$292.8M | -$361.3M | -$188.3M | -$231.7M | -$304.9M | -$334.7M | -$421.5M | -$314.1M | -$97.9M | -$87.5M | -$57.3M | -$45.2M | -$56.5M | -$20.6M | $31.8M | $4M | $3.8M | -$14.3M | -$31.7M | -$13.2M | -$12M | -$7.4M | $0 | $0 | $0 |
| Income Before Tax (EBT) | $830.8M | $1.04B | $1.07B | $403.5M | $499M | -$105.2M | $905.8M | -$271.1M | $464.6M | $399.6M | $153.2M | $939.4M | $981.1M | $990.1M | $978.9M | $860.2M | $998.2M | $1.12B | $1.13B | $1.17B | $1.04B | $731.5M | $437.5M | $388.9M | $240.9M | $268M | $231M | $211M |
| Income Tax Expense | $125.7M | $131.4M | $42.2M | $112.3M | $53.5M | -$96M | -$225.7M | $108.2M | -$1.35B | $95M | $7M | $220.2M | $221.9M | $237.2M | $218.9M | $263.3M | $280.8M | $272.3M | $357.9M | $334M | $307.3M | $189.6M | $146.8M | $131.1M | $91.1M | $92M | $81M | $66M |
| Net Income | $705.2M | $903.8M | $1.02B | $231.4M | $401.6M | -$138.9M | $1.13B | -$379.2M | $1.81B | $305.9M | $147M | $720.3M | $761M | $755M | $760.8M | $596.9M | $717.4M | $848.6M | $773.2M | $834.5M | $732.5M | $541.8M | $346.3M | $257.8M | $149.8M | $176M | $150M | $145M |
| Net Income Margin | 8.6% | 11.8% | 13.8% | 3.3% | 5.9% | -2.3% | 14.2% | -4.8% | 23.2% | 4.0% | 2.5% | 15.4% | 16.5% | 16.9% | 17.1% | 14.1% | 17.5% | 20.6% | 19.8% | 23.9% | 22.3% | 18.2% | 18.2% | 18.8% | 12.7% | 16.9% | 16.0% | 16.8% |
| Supplementary Data | ||||||||||||||||||||||||||||
| EPS | 3.56 | 4.45 | 4.91 | 1.10 | 1.93 | -0.67 | 5.52 | -1.86 | 9.11 | 1.51 | 0.27 | 4.26 | 4.49 | 4.32 | 4.06 | 2.98 | 3.34 | 3.73 | 3.28 | 3.43 | 2.96 | 2.22 | 1.67 | 1.33 | 0.77 | 0.91 | 0.77 | 0.75 |
| Diluted EPS | 3.55 | 4.43 | 4.88 | 1.10 | 1.91 | -0.67 | 5.47 | -1.86 | 9.03 | 1.50 | 0.26 | 4.19 | 4.43 | 4.29 | 4.03 | 2.97 | 3.32 | 3.72 | 3.26 | 3.40 | 2.93 | 2.19 | 1.64 | 1.31 | 0.77 | 0.91 | 0.77 | 0.75 |
| Weighted Average OS | 198.00M | 203.10M | 208.70M | 209.60M | 208.60M | 207.00M | 205.10M | 203.50M | 201.90M | 200.00M | 187.40M | 169.00M | 169.60M | 174.90M | 187.60M | 200.00M | 215.00M | 227.30M | 235.50M | 243.00M | 247.10M | 244.40M | 207.70M | 194.50M | 193.70M | 193.60M | 193.60M | 193.80M |
| EBITDA | $2.22B | $2.25B | $2.22B | $1.49B | $1.65B | $1.01B | $2.14B | $1.06B | $1.85B | $1.79B | $1.15B | $1.38B | $1.41B | $1.43B | $1.39B | $1.26B | $1.47B | $1.43B | $1.38B | $1.37B | $1.3B | $1.03B | $644.8M | $426.2M | $271.7M | $291.1M | $253M | $237M |
| EBITDA Margin | 26.9% | 29.3% | 30.0% | 21.5% | 24.1% | 16.4% | 26.8% | 13.3% | 23.7% | 23.4% | 19.2% | 29.5% | 30.5% | 31.9% | 31.3% | 29.9% | 36.0% | 34.8% | 35.5% | 39.2% | 39.5% | 34.4% | 33.9% | 31.1% | 23.1% | 28.0% | 26.9% | 27.5% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 | FY 2005 | FY 2004 | FY 2003 | FY 2002 | FY 2001 | FY 2000 | FY 1999 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 | 2005-12-31 | 2004-12-31 | 2003-12-31 | 2002-12-31 | 2001-12-31 | 2000-12-31 | 1999-12-31 |
| Assets | |||||||||||||||||||||||||||
| Current Assets | |||||||||||||||||||||||||||
| Cash and Cash Equivalents | $591.9M | $525.5M | $415.8M | $375.7M | $378.1M | $802.1M | $617.9M | $542.8M | $524.4M | $634.1M | $1.46B | $1.08B | $1.08B | $884.3M | $768.3M | $668.9M | $691.7M | $212.6M | $463.9M | $265.7M | $233.2M | $154.6M | $77.5M | $15.7M | $18.4M | $0 | $0 |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $164.6M | $612.5M | $727M | $671.6M | $455.5M | $265.1M | $66.4M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $591.9M | $525.5M | $415.8M | $375.7M | $378.1M | $802.1M | $617.9M | $542.8M | $524.4M | $634.1M | $1.62B | $1.7B | $1.81B | $1.56B | $1.22B | $934M | $758.1M | $212.6M | $463.9M | $265.7M | $233.2M | $154.6M | $77.5M | $15.7M | $18.4M | $0 | $0 |
| Accounts Receivable | $1.7B | $1.48B | $1.44B | $1.38B | $1.26B | $1.45B | $1.36B | $1.28B | $1.54B | $1.6B | $1.45B | $912.1M | $936.6M | $884.6M | $838.8M | $775.9M | $751.4M | $732.8M | $674.3M | $625.5M | $524.2M | $524.8M | $486.4M | $214.8M | $181.7M | $188.7M | $196M |
| Inventory | $2.29B | $2.24B | $2.39B | $2.15B | $2.15B | $2.45B | $2.38B | $2.26B | $2.08B | $1.97B | $2.25B | $1.17B | $1.07B | $995.3M | $929.8M | $936.4M | $913.2M | $928.3M | $727.8M | $638.3M | $583.7M | $536M | $527.7M | $257.6M | $200M | $152.3M | $150M |
| Other Current Assets | $537.2M | $430M | $366.1M | $324.5M | $772.6M | $0 | $0 | $0 | $0 | $0 | $0 | $194.9M | $271.9M | $196.6M | $210.5M | $235.7M | $209.9M | $201M | $157.3M | $161.6M | $165.8M | $291.5M | $203.6M | $52.6M | $49.2M | $37M | $84M |
| Total Current Assets | $5.12B | $4.67B | $4.61B | $4.43B | $4.88B | $5.08B | $4.72B | $4.43B | $4.58B | $4.67B | $5.85B | $4.29B | $4.2B | $3.71B | $3.28B | $3.01B | $2.74B | $2.18B | $2.08B | $1.75B | $1.58B | $1.56B | $1.34B | $612.4M | $508.6M | $419.4M | $430M |
| Long-Term Assets | |||||||||||||||||||||||||||
| Property, Plant & Equipment Net | $2.21B | $2.05B | $2.06B | $1.87B | $1.84B | $2.05B | $2.08B | $2.02B | $2.04B | $2.04B | $2.06B | $1.29B | $1.22B | $1.21B | $1.21B | $1.21B | $1.22B | $1.26B | $971.9M | $807.1M | $708.8M | $628.5M | $525.2M | $157.8M | $148.2M | $118.5M | $114M |
| Goodwill | $9.95B | $8.95B | $8.82B | $8.58B | $8.92B | $9.26B | $9.6B | $9.59B | $10.67B | $10.64B | $9.93B | $2.51B | $2.61B | $2.57B | $2.63B | $2.58B | $2.78B | $2.77B | $2.62B | $2.52B | $2.43B | $2.53B | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $4.72B | $4.6B | $4.86B | $5.06B | $5.53B | $7.06B | $7.26B | $7.68B | $8.35B | $8.79B | $8.75B | $603.5M | $707.7M | $740.7M | $798.5M | $827.1M | $858M | $872.1M | $743.8M | $712.6M | $756.6M | $794.8M | $3.05B | $0 | $0 | $0 | $0 |
| Long-Term Investments | $39.4M | $73.2M | $31.6M | $16.6M | $27.6M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $161.2M | $70.1M | $66.8M | $40M | $0 |
| Other Long-Term Assets | $1.1B | $1.02B | $1.12B | $1.11B | $2.25B | $969.4M | $909.8M | $366.2M | $379.5M | $553.6M | $563.8M | $939.2M | $839.3M | $780.5M | $606.9M | $368.5M | $184.3M | $149.4M | $213.9M | $192.9M | $252.1M | $182.4M | $78.6M | $18.6M | $21.4M | $19.5M | $62M |
| Total Long-Term Assets | $17.97B | $16.69B | $16.89B | $16.64B | $18.57B | $19.33B | $19.91B | $19.7B | $21.45B | $22.02B | $21.31B | $5.35B | $5.38B | $5.3B | $5.24B | $4.99B | $5.05B | $5.06B | $4.55B | $4.23B | $4.15B | $4.13B | $3.82B | $246.5M | $236.4M | $178M | $176M |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $23.09B | $21.37B | $21.5B | $21.07B | $23.46B | $24.42B | $24.64B | $24.13B | $26.01B | $26.68B | $27.16B | $9.63B | $9.58B | $9.01B | $8.52B | $8B | $7.79B | $7.24B | $6.63B | $5.97B | $5.72B | $5.7B | $5.16B | $858.9M | $745M | $597.4M | $606M |
| Liabilities | |||||||||||||||||||||||||||
| Current Liabilities | |||||||||||||||||||||||||||
| Accounts Payable | $303M | $194.6M | $410.6M | $354.1M | $306.5M | $330M | $400.9M | $362.6M | $330.2M | $364.5M | $284.8M | $145.2M | $146.3M | $184.1M | $143.3M | $129.6M | $134.6M | $186.4M | $174.1M | $158M | $123.6M | $131.6M | $127.6M | $59.8M | $67.4M | $50.1M | $98M |
| Short-Term Debt | $587.1M | $863M | $900M | $544.3M | $1.61B | $500M | $1.5B | $525M | $1.23B | $575.6M | $0 | $0 | $500K | $100.1M | $143.3M | $0 | $0 | $0 | $0 | $0 | $0 | $27.5M | $101.3M | $156.7M | $150M | $0 | $0 |
| Current Income Tax Payable | $0 | $0 | $61.2M | $38.5M | $62M | $59.5M | $126.7M | $142.4M | $165.2M | $183.5M | $147.2M | $72.4M | $221.2M | $22.8M | $8.6M | $48.9M | $57.5M | $6.6M | $85.1M | $106.5M | $82.1M | $0 | $0 | $19.5M | $4.3M | $10.5M | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $145M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $382M | $286M | $326.1M | $502.8M | $640.5M | $329.8M | $321.7M | $460.4M | $319.1M | $168M | $144.1M | $159.5M | $108.7M | $92.3M | $106.1M | $118.1M | $0 | $558.1M | $344.3M | $179.9M | $275.9M | $541.9M | $416.4M | $184.3M | $155.7M | -$17.7M | $117M |
| Total Current Liabilities | $2.58B | $2.45B | $2.86B | $2.36B | $3.47B | $2.56B | $3.44B | $2.42B | $3.07B | $2.38B | $1.62B | $1.02B | $1.03B | $866M | $867.1M | $702.5M | $690.7M | $771.1M | $748.6M | $628.2M | $606.9M | $701M | $645.3M | $400.8M | $373.1M | $186.9M | $215M |
| Long-Term Liabilities | |||||||||||||||||||||||||||
| Long-Term Debt | $6.93B | $5.34B | $4.87B | $5.15B | $5.46B | $7.63B | $6.72B | $8.41B | $8.92B | $10.67B | $11.5B | $1.43B | $1.67B | $1.72B | $1.58B | $1.14B | $1.13B | $460.1M | $104.3M | $99.6M | $81.6M | $624M | $1.01B | $0 | $213.9M | $0 | $0 |
| 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 |
| Long-Term Deferred Tax Liabilities | $244.1M | $352.5M | $357.6M | $474.8M | $558.5M | $790.4M | $840.1M | $999.5M | $1.1B | $3.03B | $3.15B | $45.9M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $626.1M | $744.1M | $925.9M | $1.05B | $1.3B | $1.24B | $1.24B | $1.02B | $1.19B | $936.3M | $1.01B | $610.9M | $576.6M | $559.3M | $557.4M | $384M | $328.5M | $353.9M | $328.4M | $323.4M | $348.3M | $420.9M | $352.6M | $91.8M | $79.3M | $149.5M | $98M |
| Total Long-Term Liabilities | $7.8B | $6.44B | $6.15B | $6.68B | $7.32B | $9.66B | $8.8B | $10.43B | $11.21B | $14.63B | $15.65B | $2.08B | $2.25B | $2.28B | $2.13B | $1.53B | $1.46B | $814M | $432.7M | $423M | $429.9M | $1.04B | $1.36B | $91.8M | $293.2M | $149.5M | $98M |
| 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 | -$98M |
| Total Liabilities | $10.39B | $8.89B | $9.01B | $9.04B | $10.79B | $12.22B | $12.25B | $12.85B | $14.28B | $17.01B | $17.27B | $3.11B | $3.28B | $3.15B | $3B | $2.23B | $2.15B | $1.59B | $1.18B | $1.05B | $1.04B | $1.75B | $2.01B | $492.6M | $666.3M | $336.4M | $215M |
| Stockholders' Equity | |||||||||||||||||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $3.2M | $3.2M | $3.2M | $3.1M | $3.1M | $3.1M | $3.1M | $3.1M | $3.1M | $3.1M | $3M | $2.7M | $2.6M | $2.6M | $2.5M | $2.5M | $2.5M | $2.5M | $2.5M | $2.5M | $2.5M | $2.5M | $2.4M | $2M | $1.9M | $0 | $0 |
| Retained Earnings | $11.61B | $11.1B | $10.38B | $9.56B | $10.29B | $10.09B | $10.43B | $9.49B | $10.02B | $8.47B | $8.35B | $8.29B | $7.71B | $7.09B | $6.43B | $5.7B | $5.1B | $4.39B | $3.54B | $2.77B | $1.93B | $1.2B | $659.7M | $313.4M | $55.6M | $0 | $0 |
| Comprehensive Income & Other | -$205.7M | -$262.8M | -$191M | -$179.3M | -$231.6M | -$297.8M | -$241.9M | -$187.4M | -$83.2M | -$434M | -$329M | $85.9M | $367.1M | $343.9M | $271.4M | $321M | $358.6M | $240M | $290.3M | $209.2M | $149.3M | $253.3M | $138.7M | $14M | $16.8M | $7M | $782M |
| Other Stockholders' Equity | $1.08B | $1.37B | $2.09B | $2.46B | $2.37B | $2.1B | $1.96B | $1.78B | $1.71B | $1.2B | $1.54B | -$1.74B | -$1.42B | -$1.23B | -$922.1M | $69.4M | $533.7M | $1.26B | $1.91B | $2.15B | $2.75B | $2.74B | $2.48B | $50.9M | $21.2M | $261M | $391M |
| Total Equity | $12.7B | $12.47B | $12.48B | $12.02B | $12.66B | $12.19B | $12.39B | $11.27B | $11.74B | $9.67B | $9.89B | $6.55B | $6.3B | $5.86B | $5.51B | $5.77B | $5.64B | $5.65B | $5.45B | $4.92B | $4.68B | $3.94B | $3.14B | $366.3M | $78.7M | $261M | $391M |
| Minority Interest | $8.1M | $8.1M | $7.7M | $6.7M | $5.7M | $5.2M | $4.7M | $4.8M | -$300K | $1M | $1.5M | $1.8M | $2.8M | $5.4M | $7.6M | $0 | $0 | $3.6M | $2.8M | $2.7M | $2.3M | $7.1M | $7M | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $23.08B | $21.36B | $21.49B | $21.06B | $23.45B | $24.41B | $24.63B | $24.12B | $26.01B | $26.68B | $27.16B | $9.66B | $9.58B | $9.01B | $8.51B | $8B | $7.79B | $7.24B | $6.63B | $5.97B | $5.72B | $5.69B | $5.15B | $858.9M | $745M | $597.4M | $606M |
| Supplementary Data | |||||||||||||||||||||||||||
| Total Debt | $7.52B | $6.2B | $5.77B | $5.7B | $7.07B | $8.13B | $8.22B | $8.94B | $10.14B | $11.24B | $11.5B | $1.43B | $1.67B | $1.82B | $1.72B | $1.14B | $1.13B | $460.1M | $104.3M | $99.6M | $81.6M | $651.5M | $1.11B | $156.7M | $363.9M | $0 | $0 |
| Net Debt | $6.93B | $5.68B | $5.35B | $5.32B | $6.69B | $7.32B | $7.6B | $8.4B | $9.62B | $10.61B | $10.04B | $342.2M | $592.2M | $936.6M | $951M | $473.2M | $435.9M | $247.5M | -$359.6M | -$166.1M | -$151.6M | $496.9M | $1.03B | $141M | $345.5M | $0 | $0 |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Operating Activities | ||||||||||||||||||||||||||||
| Net Income | $705.1M | $905.2M | $1.03B | $291.2M | $445.5M | -$9.2M | $1.13B | -$379.3M | $1.81B | $304.6M | $146.2M | $719.2M | $778.6M | $752.9M | $760M | $596.9M | $717.4M | $848.6M | $773.2M | $834.5M | $732.5M | $541.8M | $346.3M | $257.8M | $149.8M | $176M | $150M | $145M |
| Depreciation & Amortization | $1.09B | $996.3M | $951.7M | $926.4M | $937.7M | $898.4M | $1.01B | $1.04B | $1.06B | $1.04B | $712.4M | $375.8M | $358.5M | $363.1M | $359.9M | $340.2M | $337.4M | $275.1M | $230M | $197.4M | $185.7M | $181.3M | $103.3M | $25.3M | $23.4M | $23.1M | $22M | $26M |
| Deferred Income Tax | -$87.2M | -$47.7M | -$96.3M | -$64.4M | -$102.1M | $39.4M | -$538.7M | $13.4M | -$1.78B | -$153.2M | -$164M | -$90.5M | -$126.2M | -$64.8M | -$19.7M | -$72.5M | -$19.7M | $2M | $63.9M | $0 | $0 | $0 | $0 | $0 | $0 | $7.8M | $0 | $0 |
| Stock-Based Compensation | $90.2M | $101M | $99.8M | $105M | $76M | $73.8M | $84.3M | $65.5M | $53.7M | $57.3M | $46.4M | $49.4M | $48.5M | $55M | $60.5M | $62M | $75.3M | $69.9M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | ||||||||||||||||||||||||||||
| Accounts Receivable | -$127.3M | -$89.7M | -$51.9M | -$184.7M | -$40.8M | -$66.2M | -$93.8M | $213.6M | $161.7M | -$141.6M | -$56.1M | -$40.4M | -$74.3M | -$45.5M | -$63.2M | -$33M | -$4.6M | -$44.4M | -$12.5M | -$76.9M | -$35.3M | -$10.6M | -$39M | -$25M | $2.6M | $7.8M | $0 | $0 |
| Inventory | $98.2M | $49.9M | -$240.4M | -$75.6M | -$8.4M | -$34.5M | -$125.2M | -$199.5M | -$120.1M | $77.9M | -$205.4M | -$164.6M | -$148.1M | -$67.5M | $7.2M | $25.8M | $36.2M | -$148.1M | -$58M | -$39.2M | -$79.2M | -$44.7M | -$53M | -$59.7M | -$50.2M | -$2.1M | $0 | $0 |
| Accounts Payable | $101.8M | -$322M | -$55.3M | $103M | $86.5M | -$95.1M | -$42M | $155.9M | -$133.3M | $32.6M | -$252M | $116.1M | $33.6M | $47.8M | $20M | -$800K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | -$177.6M | -$93.6M | -$48.6M | -$154.1M | -$171.5M | -$234M | $93.5M | -$142.4M | $155.9M | $7.6M | $222.9M | $101.2M | $54.7M | $1.8M | $32.9M | $66.6M | -$81M | $22.3M | $3.4M | $45.3M | $35.2M | $135M | $172.4M | -$8.1M | $45.1M | $14.5M | $17.5M | $28M |
| Total Working Capital Change | -$104.9M | -$455.4M | -$396.2M | -$311.4M | -$134.2M | -$429.8M | -$167.5M | $27.6M | $64.2M | -$23.5M | -$290.6M | $12.3M | -$134.1M | -$63.4M | -$3.1M | $58.6M | -$49.4M | -$170.2M | -$67.1M | -$70.8M | -$79.3M | $79.7M | $80.4M | -$92.8M | -$2.5M | $20.2M | $17.5M | $28M |
| Other Non-Cash Items | $100K | $0 | -$2.5M | $337.9M | $276.3M | $631.9M | $70.1M | $979.7M | $364.3M | $407.7M | $399.4M | -$5.7M | $37.8M | $109.1M | $19.3M | $208.3M | $56.5M | $12.7M | $84.4M | $79.6M | $39.3M | $59.4M | -$35.2M | $29.9M | $1.1M | $5.3M | -$9.5M | $0 |
| Net Cash from Operating | $1.7B | $1.5B | $1.58B | $1.28B | $1.5B | $1.2B | $1.59B | $1.75B | $1.58B | $1.63B | $849.8M | $1.06B | $963.1M | $1.15B | $1.18B | $1.19B | $1.12B | $1.04B | $1.08B | $1.04B | $878.2M | $862.2M | $494.8M | $220.2M | $171.8M | $232.4M | $180M | $199M |
| Investing Activities | ||||||||||||||||||||||||||||
| Capital Expenditures | -$224.5M | -$203.8M | -$291.1M | -$187.9M | -$143.6M | -$111.9M | -$207.1M | -$162.7M | -$156M | -$184.7M | -$167.7M | -$144.9M | -$100M | -$114.7M | -$113.8M | -$79.2M | -$228.8M | -$487.9M | -$331.2M | -$268.3M | -$105.3M | -$100.8M | -$158.5M | -$33.7M | -$54.7M | -$29M | -$33M | -$20M |
| Acquisitions | -$1.39B | -$276.3M | -$134.9M | -$99.8M | $0 | -$227.1M | -$37.1M | -$15.3M | -$4M | -$1.44B | -$7.76B | -$54.3M | -$74.2M | -$59M | -$56.8M | -$82.6M | -$39.5M | -$381.8M | -$160.3M | -$28.1M | -$44.1M | -$171.3M | -$927.7M | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | -$300.5M | -$240.3M | -$311.7M | -$258.3M | -$273.6M | -$259M | -$315.9M | -$276.3M | -$337M | -$347M | -$481.2M | -$1.55B | -$925.6M | -$1.28B | -$817.5M | -$605.8M | -$77.1M | $0 | $0 | $0 | -$150M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $22.1M | $33.4M | $89.4M | $1.9M | $53.5M | $48.1M | $69.2M | $0 | $286.2M | $802.9M | $1.28B | $830.8M | $878.5M | $394.8M | $67.5M | $0 | $54.9M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | -$57.5M | -$189.8M | -$74.6M | -$72.6M | -$88.3M | -$69.3M | -$217.3M | -$31.5M | -$13.8M | -$3M | $48.2M | -$4.1M | -$13.5M | -$17.9M | -$31.1M | -$26.8M | -$35.8M | -$109.4M | $0 | $9.4M | -$11.7M | -$116.2M | -$16.5M | -$2M | $0 | $0 | $0 | $0 |
| Net Cash from Investing | -$1.98B | -$888.1M | -$778.9M | -$529.2M | -$503.6M | -$613.8M | -$729.3M | -$416.6M | -$510.8M | -$1.69B | -$7.56B | -$469.4M | -$282.5M | -$592.1M | -$624.4M | -$726.9M | -$381.2M | -$924.2M | -$491.5M | -$287M | -$311.1M | -$388.3M | -$1.1B | -$35.7M | -$54.7M | -$29M | -$33M | -$20M |
| Financing Activities | ||||||||||||||||||||||||||||
| Debt Repaid | -$1.03B | -$536.3M | -$54.6M | $1.06B | $1.05B | $252.9M | $716.1M | $1.15B | $1.25B | $259.6M | -$7.37B | $247.7M | $97.5M | -$97.2M | -$549.8M | $2.2M | -$990.3M | - | - | - | - | - | - | - | - | - | - | - |
| Common Stock Issuance | $39.7M | $0 | $0 | $0 | $122.5M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $43.4M | $16.9M | $9.5M | $57M | $149.8M | $41.3M | $76.7M | $65M | $70.5M | $23.9M | $1.4M | $0 | $0 | $0 |
| Common Stock Repurchases | -$487M | -$868M | -$692.2M | -$126.4M | $0 | $0 | $0 | $0 | $0 | -$415.5M | -$150M | -$400.9M | -$720.8M | -$485.6M | -$1.05B | -$505.6M | -$923.7M | -$737M | -$576.3M | -$798.8M | -$4.1M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | -$190.3M | -$196M | -$200.9M | -$201.2M | -$200.1M | -$198.5M | -$196.7M | -$195.2M | -$193.6M | -$188.4M | -$157.1M | -$145.5M | -$132.4M | -$94.4M | -$510.4M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$290M | $0 | $0 | $0 |
| Other Financing Activities | -$65.5M | $43.2M | $75M | $544.5M | -$173.4M | $29.6M | $132.9M | $47.4M | $231.3M | $120.3M | $47.5M | $224M | $483.4M | $46.3M | $44.4M | $18.2M | -$8.2M | $6.5M | $27M | $8M | -$1.9M | -$5.6M | -$26.3M | $0 | -$176.8M | -$203.4M | -$147M | -$179M |
| Net Cash from Financing | $326M | -$484.5M | -$763.5M | -$843.8M | -$1.31B | -$421.8M | -$779.9M | -$1.3B | -$1.21B | -$743.2M | $7.14B | -$562.4M | -$467.3M | -$436.5M | -$455.8M | -$489.6M | -$262.1M | -$343.5M | -$399.5M | -$730.7M | -$484.6M | -$402M | $664.8M | -$188.9M | -$99.1M | -$203.4M | -$147M | -$179M |
| Forex Effect | $19M | -$17.1M | $900K | -$14.5M | -$13.2M | $15.3M | -$1.5M | -$10.2M | $29.3M | -$22.7M | -$22.6M | -$18.3M | -$17M | -$7.3M | $2.7M | $200K | $4.9M | -$21.7M | $4.8M | $9.5M | -$3.9M | $5.2M | $4.9M | $1.7M | $400K | $0 | $0 | $0 |
| Net Change in Cash | $66.4M | $109.7M | $40.1M | -$102.8M | -$323.6M | $184.2M | $75.1M | $18.4M | -$109.7M | -$825.2M | $369.3M | $2.7M | $196.3M | $116M | $99.4M | -$22.8M | $479.1M | -$251.3M | $198.2M | $32.5M | $78.6M | $77.1M | $61.8M | -$2.7M | $18.4M | $0 | $0 | $0 |
| Supplementary Data | ||||||||||||||||||||||||||||
| Operating Cash Flow | $1.7B | $1.5B | $1.58B | $1.28B | $1.5B | $1.2B | $1.59B | $1.75B | $1.58B | $1.63B | $862.8M | $1.05B | $963.1M | $1.15B | $1.18B | $1.19B | $1.12B | $1.04B | $1.08B | $1.04B | $878.2M | $862.2M | $494.8M | $220.2M | $171.8M | $232.4M | $180M | $199M |
| Capital Expenditure | -$224.5M | -$356.8M | -$394.5M | -$217.6M | -$152M | -$111.9M | -$404.7M | -$162.7M | -$156M | -$184.7M | -$167.7M | -$144.9M | -$100M | -$114.7M | -$113.8M | -$87.7M | -$264.6M | -$597.3M | -$331.2M | -$268.3M | -$105.3M | -$100.8M | -$158.5M | -$33.7M | -$54.7M | -$29M | -$33M | -$20M |
| Free Cash Flow | $1.47B | $1.14B | $1.19B | $1.07B | $1.35B | $1.09B | $1.18B | $1.58B | $1.43B | $1.45B | $682.1M | $915.6M | $863.1M | $1.04B | $1.06B | $1.11B | $852.9M | $440.8M | $753.2M | $772.4M | $772.9M | $761.4M | $336.3M | $186.5M | $117.1M | $203.4M | $147M | $179M |
| Cash at Beginning | $525.5M | $415.8M | $375.7M | $478.5M | $802.1M | $617.9M | $542.8M | $524.4M | $634.1M | $1.46B | $1.08B | $1.08B | $884.3M | $768.3M | $668.9M | $691.7M | $212.6M | $463.9M | $265.7M | $233.2M | $154.6M | $77.5M | $15.7M | $18.4M | $0 | $0 | $0 | $542.8M |
| Cash at End | $591.9M | $525.5M | $415.8M | $375.7M | $478.5M | $802.1M | $617.9M | $542.8M | $524.4M | $634.1M | $1.45B | $1.08B | $1.08B | $884.3M | $768.3M | $668.9M | $691.7M | $212.6M | $463.9M | $265.7M | $233.2M | $154.6M | $77.5M | $15.7M | $18.4M | $0 | $0 | $542.8M |