Ayala Land, Inc. (AYAAF)
Ayala Land, Inc. (ALI) is a prominent real estate development company based in the Philippines. Its diverse operations are categorized into several key areas: property development, international ventures, retail (shopping centers), office spaces, hospitality (hotels and resorts), construction, and property management, among others. The company's residential portfolio is extensive, encompassing the sale of high-end and upper-middle-income residential lots and units, affordable housing options, economic housing, and leisure community developments. ALI also engages in residential leasing through joint ventures and is well-known for conceptualizing, developing, and marketing large-scale, integrated, master-planned communities. In the commercial sector, Ayala Land develops shopping centers, leasing retail spaces and land to various third parties. Within these centers, it also operates facilities such as movie theaters, food courts, entertainment areas, gas stations, and parking. Beyond retail, the company develops, leases, and sells office buildings, and manages industrial properties by selling lots and leasing factory buildings. Furthermore, Ayala Land is actively involved in the hospitality industry, developing and managing hotels, resorts, and serviced apartments, in addition to leasing land to hotel operators. Its capabilities also extend to comprehensive land development, construction, and facilities management services. The company was founded in 1988 and maintains its corporate headquarters in Makati City, Philippines.
Sector: Real Estate - Development
Industry: Real Estate - Development
Ayala Land, Inc.
OTC:AYAAFReal Estate · Real Estate - Development
Mkt Cap-
Float6.21B
O/S14.29B
Inst Own-
Dilution
Financials Summary
Revenue$2.78B
Net Income$618.76M
Total Assets$15.81B
Free Cash Flow$290.85M
Debt & Equity
Debt 51%
Equity 49%
Preferred 0%
Total Debt$5.33B
Total Equity$5.17B
Preferred Stock$20.67M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in AYAAF's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$15.81B
Liabilities$9.68B
Accounts Receivable$3.78B
Accounts Payable$0
Inventory$0
PP&E (Net)$900.13M
Goodwill$0
Intangible Assets$0
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | 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 |
| Revenue | $2.78B | $2.8B | $2.36B | $1.95B | $1.63B | $1.5B | $2.63B | $2.59B | $2.2B | $1.87B | $1.68B | $1.41B | $1.21B | $868.11M | $711.53M | $561.89M | $440.17M | $485.85M | $362.56M | $374.38M | $272.82M | $249.29M |
| YoY Growth | -0.9% | 18.6% | 21.0% | 19.5% | 8.9% | -42.9% | 1.7% | 17.7% | 17.7% | 11.2% | 18.9% | 16.6% | 39.5% | 22.0% | 26.6% | 27.7% | -9.4% | 34.0% | -3.2% | 37.2% | 9.4% | - |
| Cost of Revenue | $1.82B | $1.75B | $1.39B | $1.2B | $1.03B | $899.34M | $1.5B | $1.6B | $1.4B | $1.22B | $1.04B | $942.54M | $822.63M | $587.56M | $475.92M | $395.89M | $301.77M | $337.79M | $240.3M | $256.6M | $179.83M | $160M |
| Gross Profit | $955.65M | $1.05B | $971.11M | $752.54M | $607.85M | $601.35M | $1.13B | $982.56M | $802.75M | $652.75M | $642.66M | $470.22M | $388.76M | $280.56M | $235.6M | $166.01M | $138.4M | $148.07M | $122.26M | $117.78M | $92.99M | $89.29M |
| Gross Margin | 34.4% | 37.6% | 41.1% | 38.5% | 37.2% | 40.1% | 42.8% | 38.0% | 36.5% | 34.9% | 38.3% | 33.3% | 32.1% | 32.3% | 33.1% | 29.5% | 31.4% | 30.5% | 33.7% | 31.5% | 34.1% | 35.8% |
| 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 |
| Selling, General, and Administrative | $0 | $31.37M | $27.71M | $19.81M | $17.38M | $22.96M | $35.46M | $37.74M | $31.23M | $28.14M | $23.2M | $22.7M | $22.04M | $18.07M | $12.75M | $13.61M | $44.32M | $50.34M | $42.12M | $41.36M | $36.77M | $31.96M |
| Other | -$18.62M | $118.82M | $105.4M | $99.5M | $92.08M | $116.13M | $0 | $0 | $0 | $10.47M | $0 | $0 | $0 | $8.9M | $11.91M | $27.66M | $1.32M | -$20.47M | -$15.91M | -$13.85M | -$13.82M | -$6.91M |
| Total Operating Expenses | -$18.62M | $150.19M | $133.11M | $119.3M | $109.46M | $139.08M | $157.67M | $146.76M | $108.84M | $117.92M | $107.58M | $100.65M | $96.83M | $280.56M | $235.6M | $41.27M | $45.63M | $29.88M | $26.2M | $27.51M | $22.95M | $25.05M |
| Operating Income (EBIT) | $974.27M | $902.31M | $838.01M | $633.24M | $498.38M | $462.27M | $968.82M | $835.8M | $749.61M | $614.37M | $535.08M | $369.57M | $291.93M | $250.8M | $174.73M | $124.73M | $92.77M | $118.19M | $96.06M | $90.28M | $70.04M | $64.24M |
| Operating Margin | 35.1% | 32.2% | 35.5% | 32.4% | 30.5% | 30.8% | 36.8% | 32.3% | 34.1% | 32.9% | 31.9% | 26.2% | 24.1% | 28.9% | 24.6% | 22.2% | 21.1% | 24.3% | 26.5% | 24.1% | 25.7% | 25.8% |
| Interest Expense | $273.12M | $240.44M | $207.55M | $174.89M | $167.87M | $195.21M | $181.32M | $141.67M | $122.67M | $110.32M | $98.89M | $82.44M | $59.28M | $39.2M | $32.5M | $24.42M | $21.07M | $16.4M | $13.87M | $12.9M | $12.39M | $13.55M |
| Interest Income | $13.41M | $13.4M | $0 | -$60M | -$54.1M | -$45.77M | -$15.24M | -$13.95M | $9.2M | $4.12M | $10.72M | $76.44M | $56.15M | $43.25M | $26.32M | $16.9M | $17.72M | $14.69M | $9.31M | $10.3M | $17.49M | $22.94M |
| Other Income (Expense) | -$87.4M | -$223.6M | -$259.43M | -$185.42M | -$176.44M | -$223.39M | -$162.21M | -$118.52M | -$146.75M | -$96.03M | -$94.71M | $9.01M | $8.95M | -$19.95M | $9.28M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Income Before Tax (EBT) | $886.88M | $678.71M | $578.58M | $447.82M | $321.94M | $238.88M | $806.61M | $717.29M | $602.87M | $518.33M | $440.37M | $378.58M | $300.87M | $230.85M | $184.01M | $124.73M | $92.77M | $118.19M | $96.06M | $90.28M | $70.04M | $64.24M |
| Income Tax Expense | $166.36M | $135.42M | $118.33M | $90.39M | $73.44M | $64.41M | $211.29M | $190.18M | $155.91M | $130.63M | $108.76M | $97.47M | $73.88M | $55.08M | $47.72M | $24.95M | $18.49M | $32.77M | $24.7M | $25.55M | $8.87M | $19.09M |
| Net Income | $618.76M | $448.02M | $388.91M | $295.43M | $194.05M | $138.49M | $526.66M | $464.02M | $401.56M | $331.79M | $279.77M | $234.9M | $186.33M | $143.43M | $113.31M | $86.61M | $64.1M | $76.37M | $69.61M | $61.34M | $57.39M | $47.39M |
| Net Income Margin | 22.3% | 16.0% | 16.5% | 15.1% | 11.9% | 9.2% | 20.0% | 17.9% | 18.3% | 17.8% | 16.7% | 16.6% | 15.4% | 16.5% | 15.9% | 15.4% | 14.6% | 15.7% | 19.2% | 16.4% | 21.0% | 19.0% |
| Supplementary Data | ||||||||||||||||||||||
| EPS | 2.65 | 1.90 | 1.63 | 1.26 | 0.83 | 0.59 | 2.25 | 1.98 | 1.71 | 1.43 | 1.20 | 1.05 | 0.84 | 0.68 | 0.55 | 0.41 | 0.31 | 0.36 | 0.34 | 0.30 | 0.28 | 0.28 |
| Diluted EPS | 2.65 | 1.90 | 1.63 | 1.26 | 0.83 | 0.59 | 2.25 | 1.98 | 1.71 | 1.43 | 1.20 | 1.05 | 0.83 | 0.67 | 0.55 | 0.41 | 0.31 | 0.36 | 0.33 | 0.30 | 0.28 | 0.28 |
| Weighted Average OS | 14.71B | 14.80B | 14.98B | 14.78B | 14.72B | 14.72B | 14.75B | 14.73B | 14.72B | 14.59B | 14.58B | 14.10B | 14.15B | 13.29B | 12.94B | 13.02B | 12.99B | 13.01B | 13.03B | 12.99B | 12.95B | 10.77B |
| EBITDA | $1.33B | $1.08B | $936.97M | $776.46M | $629.78M | $585.99M | $1.13B | $959.23M | $807.74M | $721.88M | $619.71M | $540.21M | $422.01M | $313.13M | $262.6M | $176.42M | $109.4M | $154.56M | $130.72M | $119.83M | $96.99M | $91.02M |
| EBITDA Margin | 47.8% | 38.6% | 39.7% | 39.8% | 38.6% | 39.0% | 43.0% | 37.1% | 36.7% | 38.6% | 36.9% | 38.2% | 34.8% | 36.1% | 36.9% | 31.4% | 24.9% | 31.8% | 36.1% | 32.0% | 35.6% | 36.5% |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | 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 |
| Assets | |||||||||||||||||||||
| Current Assets | |||||||||||||||||||||
| Cash and Cash Equivalents | $292.55M | $341.31M | $270.82M | $188.61M | $221.71M | $270.36M | $323.93M | $380.8M | $333.22M | $331.73M | $302.89M | $455.08M | $443.79M | $509.74M | $432.99M | $285.94M | $167.08M | $200.83M | $178.87M | $119.94M | $97.76M |
| Short-Term Investments | $7.63M | $11.47M | $11.96M | $9.88M | $16.29M | $21M | $17.5M | $56.52M | $83.79M | $34.47M | $14.22M | $104.19M | $265K | $11.59M | $3.09M | $29.17M | $93.95M | $44.24M | $37.35M | $30.96M | $9.45M |
| Cash and Short-Term Investments | $300.18M | $352.78M | $282.78M | $198.48M | $238M | $291.36M | $341.43M | $437.32M | $417.01M | $366.2M | $317.12M | $559.27M | $656.75M | $521.33M | $436.09M | $315.11M | $261.03M | $245.06M | $216.22M | $150.91M | $107.21M |
| Accounts Receivable | $3.78B | $1.71B | $1.67B | $1.62B | $1.59B | $1.61B | $1.67B | $2.01B | $1.2B | $1.55B | $1.03B | $929.5M | $679.97M | $536.29M | $352.26M | $0 | $264.29M | $250.66M | $0 | $0 | $0 |
| Inventory | $0 | $3.62B | $3.35B | $2.88B | $2.36B | $2.34B | $1.92B | $1.67B | $1.45B | $1.07B | $968.01M | $771.82M | $698.26M | $436.33M | $365.5M | $228.01M | $143.17M | $131.93M | $106.26M | $122.75M | $107.18M |
| Other Current Assets | $16 | $481.89M | $919.77M | $698.29M | $719.1M | $643.2M | $494.95M | $491.1M | $593.53M | $203.37M | $183.74M | $207.77M | $181.98M | $100.44M | $70.98M | $335.55M | $63.7M | $70.04M | $216.74M | $191.31M | $123.38M |
| Total Current Assets | $4.08B | $6.91B | $6.55B | $5.71B | $5.21B | $5.15B | $4.69B | $4.81B | $3.82B | $3.35B | $2.64B | $2.63B | $2.33B | $1.76B | $1.27B | $878.67M | $732.19M | $697.69M | $539.21M | $464.97M | $337.78M |
| Long-Term Assets | |||||||||||||||||||||
| Property, Plant & Equipment Net | $900.13M | $790.79M | $842.16M | $770.79M | $852.59M | $895.88M | $898.6M | $567.3M | $452.64M | $420.59M | $384.76M | $298.73M | $278.57M | $262.76M | $382.95M | $320.86M | $335.35M | $394.98M | $323.96M | $326.9M | $359.45M |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $48.98M | $51.8M | $52.86M | $54.53M | $56.44M | $59.48M | $65.52M | $71.3M | $73.68M | $1.48M | $929.5M | $679.97M | $536.29M | $352.26M | $0 | $264.29M | $250.66M | $0 | $0 | $0 |
| Long-Term Investments | $5.12B | $497.13M | $513.11M | $522.89M | $482.68M | $461.76M | $445.19M | $338.39M | $364.92M | $384M | $271.76M | $82.23M | $152.95M | $204.31M | $208.59M | $153.92M | $88.92M | $120.57M | $111.9M | $115.13M | $105.68M |
| Deferred Tax Assets | $210.8M | $253.66M | $0 | $238.09M | $228.59M | $238.67M | $209.53M | $254.95M | $181.88M | $174.74M | $0 | $102.47M | $2.22M | $48.01M | $34.28M | $32.9M | $17.11M | $12.61M | $10.65M | $12.42M | $12.17M |
| Other Long-Term Assets | $5.5B | $6.08B | $5.47B | $5.08B | $5B | $4.65B | $5.03B | $4.58B | $4.22B | $4.11B | $3.72B | $3.06B | $2.4B | $242.48M | $146.04M | $544.49M | $12.81M | $20.47M | $19.72M | $18.48M | $20.31M |
| Total Long-Term Assets | $11.73B | $7.67B | $6.88B | $6.66B | $6.62B | $6.3B | $6.64B | $5.81B | $5.29B | $5.16B | $4.38B | $3.54B | $2.83B | $2.27B | $1.37B | $1.05B | $982.78M | $898.54M | $777.6M | $775.92M | $801.77M |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $15.81B | $14.58B | $13.44B | $12.37B | $11.83B | $11.45B | $11.33B | $10.61B | $9.11B | $8.51B | $7.02B | $6.17B | $5.16B | $4.03B | $2.64B | $1.93B | $1.71B | $1.6B | $1.32B | $1.24B | $1.14B |
| Liabilities | |||||||||||||||||||||
| Current Liabilities | |||||||||||||||||||||
| Accounts Payable | $0 | $2.15B | $1.79B | $1.51B | $1.38B | $1.23B | $1.34B | $1.6B | $1.22B | $1.34B | $1.04B | $939.59M | $746.95M | $520.17M | $381.83M | $410.87M | $306.41M | $327.76M | $250.07M | $192.44M | $177.78M |
| Short-Term Debt | $941.2M | $744.4M | $569.29M | $409.5M | $681.67M | $442.17M | $559.91M | $597.49M | $384.3M | $467.04M | $306.17M | $339.1M | $253.1M | $248.66M | $113.76M | $82.81M | $31.87M | $24.18M | $63.31M | $81.24M | $35.53M |
| Current Income Tax Payable | $0 | $391.8M | $371.09M | $339.3M | $316.11M | $328.03M | $390.56M | $360.06M | $322.37M | $277.61M | $190.56M | $185.17M | $107.26M | $60.85M | $2.85M | $1.15M | $3.55M | $1.41M | $2.65M | $2.34M | $1.78M |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $0 | $501.54M | $744.07M | $724.13M | $693.6M | $935.48M | $964.76M | $909.15M | $691.44M | $631.53M | $574.28M | $433.46M | $353.86M | $371.73M | $204.6M | $32.25M | $34.13M | $17.71M | $9.89M | $7.02M | $2.89M |
| Total Current Liabilities | $941.2M | $3.95B | $3.72B | $3.21B | $3.3B | $3.17B | $3.6B | $3.82B | $2.93B | $2.99B | $2.32B | $2.14B | $1.61B | $1.25B | $769.71M | $527.08M | $375.96M | $371.06M | $325.93M | $283.04M | $217.98M |
| Long-Term Liabilities | |||||||||||||||||||||
| Long-Term Debt | $4.11B | $3.73B | $3.53B | $3.34B | $2.86B | $2.92B | $2.79B | $2.37B | $2.38B | $2.07B | $1.77B | $1.64B | $1.36B | $853.44M | $505.78M | $249.98M | $266.65M | $241.65M | $97.59M | $122.47M | $134.63M |
| Long-Term Unearned Revenue | $34.63M | $430M | $381.41M | $424.05M | $614.36M | $530.35M | $356.35M | $435.99M | $0 | $0 | $0 | $258.15M | $0 | $164.46M | $1.15M | $12.26M | $13.55M | $14.88M | $13.98M | $11.1M | $6.75M |
| Long-Term Deferred Tax Liabilities | $156.62M | $174.98M | $128.43M | $106.42M | $120.11M | $136.57M | $123.97M | $124.07M | $0 | $69.13M | $28.28M | $31.22M | $20.73M | $11.39M | $11.81M | $9.48M | $2.4M | $2.58M | $1.82M | $6.59M | $4.33M |
| Other Long-Term Liabilities | $4.17B | $330.56M | $326.97M | $346.14M | $366.19M | $288.54M | $346.16M | $366.17M | $744.84M | $647.77M | $522.07M | $171.65M | $388.69M | $238.69M | $146.39M | $103.06M | $117.05M | $90.45M | $72.23M | $68.92M | $56.37M |
| Total Long-Term Liabilities | $8.74B | $4.94B | $4.64B | $4.5B | $4.23B | $4.15B | $3.88B | $3.3B | $3.13B | $2.79B | $2.32B | $2.1B | $1.77B | $1.27B | $665.13M | $374.78M | $399.65M | $349.55M | $185.61M | $209.09M | $202.09M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $9.68B | $8.89B | $8.36B | $7.71B | $7.54B | $7.32B | $7.48B | $7.12B | $6.06B | $5.77B | $4.64B | $4.24B | $3.39B | $2.52B | $1.43B | $901.85M | $775.61M | $720.61M | $511.54M | $492.13M | $420.06M |
| Stockholders' Equity | |||||||||||||||||||||
| Preferred Stock | $20.67M | $0 | $20.74M | $168.57M | $20.74M | $20.74M | $20.74M | $20.74M | $20.74M | $20.74M | $0 | $20.74M | $20.74M | $41.42M | $20.68M | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $264.34M | $270.37M | $270.22M | $249.25M | $264.82M | $234.23M | $233.99M | $233.83M | $233.67M | $231.64M | $969.15M | $711.74M | $224.91M | $219.49M | $208.24M | $296.45M | $292.76M | $291.32M | $288.85M | $231.38M | $228.27M |
| Retained Earnings | $3.63B | $3.56B | $3.21B | $2.91B | $2.68B | $2.57B | $2.49B | $2.1B | $1.75B | $1.46B | $1.24B | $1.05B | $914.18M | $793.38M | $696.01M | $615.03M | $548.59M | $497.83M | $434.89M | $412.17M | $380.07M |
| Comprehensive Income & Other | $572.79M | $68.41M | -$20.74M | -$147.84M | $0 | $0 | -$1.8M | $0 | $0 | -$109.91M | -$100.47M | -$81.46M | -$67M | $0 | -$20.68M | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Stockholders' Equity | $1.27B | $922.28M | $864.07M | $888.8M | $745.08M | $731.85M | $624.67M | $642.29M | $667.34M | $655.53M | -$84M | -$69.66M | $423.5M | $288.26M | $85.28M | -$9.22M | -$9.94M | -$11.14M | $1.54M | $687K | $1.78M |
| Total Equity | $5.17B | $4.75B | $4.35B | $4.05B | $3.69B | $3.53B | $3.35B | $2.97B | $2.65B | $2.34B | $2.12B | $1.7B | $1.56B | $1.3B | $989.53M | $902.26M | $831.41M | $778.01M | $725.29M | $644.23M | $610.12M |
| Minority Interest | $953.27M | $937.85M | $731.06M | $609.56M | $601.14M | $597.29M | $502.34M | $522.42M | $404.79M | $396.37M | $255.4M | $238.92M | $216.26M | $146.47M | $153.7M | $136.68M | $107.95M | $95.45M | $79.99M | $104.52M | $109.36M |
| Total Liabilities and Equity | $14.85B | $13.64B | $12.7B | $11.76B | $11.23B | $10.85B | $10.83B | $10.09B | $8.7B | $8.12B | $6.76B | $5.93B | $4.95B | $3.82B | $2.42B | $1.8B | $1.61B | $1.5B | $1.24B | $1.14B | $1.03B |
| Supplementary Data | |||||||||||||||||||||
| Total Debt | $5.33B | $4.78B | $4.39B | $4.04B | $3.82B | $3.65B | $3.63B | $2.97B | $2.77B | $2.54B | $2.08B | $1.98B | $1.62B | $1.1B | $547.96M | $332.78M | $298.53M | $265.83M | $160.9M | $203.71M | $170.16M |
| Net Debt | $5.03B | $4.43B | $4.12B | $3.85B | $3.6B | $3.37B | $3.3B | $2.59B | $2.43B | $2.2B | $1.78B | $1.52B | $1.17B | $648.31M | $186.54M | $46.85M | $131.45M | $65M | -$17.97M | $83.77M | $72.4M |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | 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 |
| Operating Activities | ||||||||||||||||||||||
| Net Income | $618.76M | $678.71M | $578.58M | $447.82M | $321.94M | $238.88M | $806.61M | $717.29M | $602.87M | $518.33M | $440.37M | $378.58M | $300.87M | $230.85M | $184.01M | $124.73M | $92.77M | $118.19M | $96.06M | $90.28M | $70.04M | $64.24M |
| Depreciation & Amortization | $168.45M | $163.05M | $150.83M | $153.75M | $139.97M | $151.91M | $143.75M | $100.27M | $82.2M | $93.22M | $80.45M | $79.19M | $61.86M | $43.08M | $46.1M | $28.69M | $28.36M | $19.97M | $20.8M | $16.94M | $14.57M | $13.23M |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $0 | $1.71M | $2.37M | $2.43M | $2.38M | $1.78M | $2.27M | $1.56M | $2.44M | $3.31M | $3.39M | $3.11M | $3.69M | $3.94M | $2.84M | $2.81M | $2.36M | $2.2M | $1.66M | $2.35M | $1.09M | $1.93M |
| Changes in Working Capital: | ||||||||||||||||||||||
| Accounts Receivable | -$476.42M | -$37.93M | -$80.2M | -$32.47M | $3.99M | $10.84M | $235.65M | -$1.33B | -$169.35M | -$224.31M | -$237.24M | -$272.39M | -$113.66M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | -$141.62M | -$189.2M | -$290.26M | -$240.19M | -$23.16M | -$162.71M | -$84.36M | $192.59M | $206.58M | -$80.04M | -$52.13M | $106.61M | -$23.87M | $1.35M | -$103.76M | $566K | $1.44M | -$15.8M | $35.03M | -$12.37M | -$10.12M | $28.63M |
| Accounts Payable | $437.66M | $0 | $271.83M | $222.46M | -$114.96M | -$256.51M | -$249.54M | $412.56M | -$111.21M | $320.46M | $191.6M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | -$97.22M | -$54.17M | -$195.88M | -$49.59M | -$89.87M | -$131.49M | -$115.41M | $301.75M | -$48.07M | $51.01M | -$328K | $375.86M | $312.53M | -$14.93M | $81.99M | $84.66M | -$29.39M | -$3.6M | $23.05M | $30.86M | $24.84M | -$5.21M |
| Total Working Capital Change | -$277.6M | -$281.3M | -$294.52M | -$99.79M | -$224.01M | -$539.86M | -$213.66M | -$419.04M | -$122.05M | $67.13M | -$98.09M | $210.07M | $175M | -$13.58M | -$21.76M | $85.22M | -$27.95M | -$19.41M | $58.08M | $18.49M | $14.73M | $23.42M |
| Other Non-Cash Items | -$51.15M | -$66.88M | -$98.31M | -$86.08M | -$114.5M | -$51.17M | -$167.5M | -$213.34M | -$180.9M | -$147.39M | -$105.86M | -$112.93M | -$109.18M | -$130.64M | -$77.83M | -$64.74M | -$25.56M | -$63.57M | -$44.63M | -$39.69M | -$34.63M | -$23.39M |
| Net Cash from Operating | $458.46M | $495.29M | $338.96M | $418.12M | $125.78M | -$198.48M | $571.47M | $186.74M | $384.56M | $534.59M | $320.26M | $558.02M | $432.25M | $133.66M | $133.35M | $176.71M | $69.98M | $57.38M | $131.96M | $88.36M | $65.78M | $79.44M |
| Investing Activities | ||||||||||||||||||||||
| Capital Expenditures | -$208.68M | -$76.54M | -$35.93M | -$70.21M | -$51.03M | -$49.17M | -$166.93M | -$45.11M | -$36.91M | -$59.06M | -$108.53M | -$51.59M | -$81.21M | -$118.84M | -$87.02M | -$54.41M | -$72.16M | -$69.31M | -$40.73M | -$26.93M | -$18.35M | -$35.44M |
| Acquisitions | $95M | -$4.84M | $0 | -$42.93M | $458K | -$23.98M | -$24.27M | -$132.11M | -$13.91M | -$115.01M | -$118.49M | -$32.02M | -$17.88M | -$20.39M | -$22.05M | -$29.52M | -$2.1M | -$19.36M | $2.79M | -$24.25M | $0 | -$11.74M |
| Purchases of Investments | -$565.55M | -$27.58M | -$57.29M | -$66.33M | -$12.92M | -$42.45M | -$14.17M | -$13.77M | -$108.56M | -$60.5M | -$370.6M | -$547.37M | -$203.05M | $0 | -$262K | -$28.78M | -$76.31M | -$14.33M | -$11.1M | -$21.24M | -$17.83M | -$5.15M |
| Sales of Investments | $61.32M | $28.96M | $62.5M | $64.78M | $19.2M | $37.07M | $52.58M | $41.93M | $58.62M | $49.53M | $464.53M | $654.82M | $3.75M | $7.36M | $26.42M | $95.71M | $22.91M | $24.52M | $63.46M | $7.38M | $59.81M | $21.26M |
| Other Investing Activities | -$4.99M | -$787.76M | -$448.29M | -$249.12M | -$371.94M | $27.5M | -$522.77M | $101.8M | -$437.29M | -$775.87M | -$642.7M | -$841.17M | -$724.07M | -$739.56M | -$138.46M | -$36.39M | -$21.61M | $2.7M | -$1.83M | -$44.25M | -$15.69M | -$11.74M |
| Net Cash from Investing | -$622.89M | -$867.76M | -$479.02M | -$363.8M | -$416.22M | -$51.02M | -$675.57M | -$47.26M | -$538.05M | -$960.92M | -$775.79M | -$817.33M | -$1.02B | -$871.43M | -$221.38M | -$53.39M | -$149.27M | -$75.78M | $12.6M | -$109.29M | $7.95M | -$42.79M |
| Financing Activities | ||||||||||||||||||||||
| Debt Repaid | - | - | - | - | - | - | - | -$143.21M | -$231.44M | -$457.11M | -$100.46M | -$361.23M | -$430.42M | -$508.85M | -$14.69M | $16.28M | -$26M | - | - | - | - | - |
| Common Stock Issuance | $62.57M | $6.37M | $5.22M | $4.35M | $5.15M | $200.05M | $4.05M | $4.29M | $3.84M | $2.86M | $254.1M | $2.98M | $193.85M | $236.31M | $2.06M | $1.22M | $263K | $923K | $907K | $564K | $13K | $107K |
| Common Stock Repurchases | -$157.91M | -$116.66M | -$58.65M | -$34.69M | -$26.29M | -$2.48M | -$17.52M | $0 | $0 | $0 | $0 | $0 | $0 | -$20.68M | $0 | $0 | $0 | -$13.07M | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | -$117.3M | -$90.13M | -$74.08M | -$64.28M | -$69.78M | -$123.05M | -$113.96M | -$114.15M | -$110.81M | -$93.25M | -$91.03M | -$63.08M | -$45.86M | -$41.13M | -$16.4M | -$13.59M | -$13.19M | -$11.37M | -$29.22M | -$51.35M | -$10.25M |
| Other Financing Activities | -$219.55M | $291.59M | $14.11M | -$184.09M | $155.49M | $54.59M | -$192.24M | -$132.94M | $34.39M | $106M | $42.04M | -$2.6M | -$36.92M | $135.91M | $6.49M | -$22.25M | $163K | $12.85M | -$6.58M | -$7.05M | $4.67M | $9.63M |
| Net Cash from Financing | $120.36M | $441.62M | $220.35M | -$87.87M | $235.44M | $201.12M | $59.56M | -$99.41M | $155.53M | $455.16M | $303.35M | $270.59M | $524.27M | $814.52M | $192.51M | -$4.47M | $45.54M | $40.35M | -$39.17M | $5.03M | -$85.27M | -$12.76M |
| Forex Effect | -$8.17M | $1.32M | $1.92M | $448K | $6.35M | -$5.18M | -$12.33M | $7.51M | -$546K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | -$52.25M | $70.48M | $82.22M | -$33.1M | -$48.65M | -$53.57M | -$56.87M | $47.58M | $1.49M | $28.83M | -$152.18M | $11.29M | -$65.95M | $76.75M | $104.49M | $118.86M | -$33.75M | $21.95M | $105.39M | -$15.9M | -$11.54M | $23.89M |
| Supplementary Data | ||||||||||||||||||||||
| Operating Cash Flow | $458.46M | $495.29M | $338.96M | $418.12M | $125.78M | -$198.48M | $571.47M | $186.74M | $384.56M | $534.59M | $320.26M | $558.02M | $432.25M | $133.66M | $133.35M | $176.71M | $69.98M | $57.38M | $131.96M | $88.36M | $65.78M | $79.44M |
| Capital Expenditure | -$167.61M | -$76.54M | -$28.88M | -$70.21M | -$51.03M | -$49.17M | -$166.93M | -$45.11M | -$36.91M | -$59.06M | -$108.53M | -$51.59M | -$81.21M | -$118.84M | -$87.02M | -$54.41M | -$72.16M | -$69.31M | -$40.73M | -$26.93M | -$18.35M | -$35.44M |
| Free Cash Flow | $290.85M | $418.75M | $310.08M | $347.91M | $74.75M | -$247.65M | $404.54M | $141.63M | $347.65M | $475.53M | $211.73M | $506.43M | $351.03M | $47.47M | $46.33M | $142.46M | -$2.18M | -$11.93M | $94.63M | $69.55M | $47.43M | $44.01M |
| Cash at Beginning | $344.8M | $270.82M | $188.61M | $221.71M | $270.36M | $323.93M | $380.8M | $333.22M | $331.73M | $302.89M | $455.08M | $443.79M | $509.74M | $390.42M | $285.94M | $167.08M | $200.83M | $178.87M | $73.48M | $89.38M | $100.93M | $77.04M |
| Cash at End | $292.55M | $341.31M | $270.82M | $188.61M | $221.71M | $270.36M | $323.93M | $380.8M | $333.22M | $331.73M | $302.89M | $455.08M | $443.79M | $453.79M | $390.42M | $285.94M | $167.08M | $200.83M | $178.87M | $73.48M | $89.38M | $100.93M |