Ayala Corporation (AYYLF)
Ayala Corporation, founded in 1834 and based in Makati City, Philippines, is a diversified conglomerate with operations spanning both the Philippines and international markets. The company's activities are categorized into several key segments. Its Real Estate and Hotels division focuses on developing, constructing, leasing, and selling a range of residential and commercial properties. This segment also manages land assets, operates hospitality establishments including hotels, cinemas, and theaters, and provides specialized construction and property management services. The Financial Services and Insurance segment offers an extensive suite of financial products and services. These include corporate, consumer, mortgage, leasing, and agricultural loans; deposit and cash management; asset management; online stock trading; foreign exchange and capital markets investment dealing; corporate finance and consulting; investment banking; internet banking; and safety deposit facilities. Additionally, it provides various insurance solutions, covering life, non-life, pre-need, and reinsurance. Through its Telecommunications segment, Ayala delivers digital wireless communication, long-distance communication, broadband internet, and wireline voice and data communication services. This division is also involved in the design, development, operation, administration, and management of software applications and systems. The Water segment is responsible for the management, operation, repair, decommissioning, and refurbishment of essential infrastructure required for water delivery, sewerage, sanitation, distribution, pipe works, and used water management services. In Industrial Technologies, the corporation engages in electronics manufacturing, alongside power semiconductor assembly and testing services. Its Power segment is dedicated to generating electricity using both renewable and conventional energy sources. Lastly, the Automotive, Outsourcing and Others segment is highly diversified. It includes the manufacturing, distribution, sale, repair, and servicing of passenger cars and commercial vehicles. This segment also provides venture capital for technology ventures, offers onshore and offshore outsourcing, air-charter services, consultancy, agribusiness, education, human capital resource management, and health services, in addition to investing in various property companies and other projects.
Sector: Conglomerates
Industry: Conglomerates
Ayala Corporation
OTC:AYYLFIndustrials · Conglomerates
Mkt Cap-
Float286.21M
O/S620.42M
Inst Own-
SI<0.1%
EarningsNov 12 · in 3d
Dilution
Financials Summary
Revenue$5.33B
Net Income$971.58M
Total Assets$29.92B
Free Cash Flow-$131.11M
Debt & Equity
Debt 59%
Equity 41%
Preferred 1%
Total Debt$11.64B
Total Equity$8.14B
Preferred Stock$113.88M
Shares Outstanding
Short Interest
Split History1 split · 1 reverse
- 1:50Reverse splitMay 30, 200550 shares → 1
Balance Sheet Details
Assets$29.92B
Liabilities$17.11B
Accounts Receivable$2.6B
Accounts Payable$4.01B
Inventory$4.23B
PP&E (Net)$3.7B
Goodwill$0
Intangible Assets$639.39M
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 | $5.33B | $5.16B | $4.6B | $4.13B | $3.56B | $3.07B | $4.31B | $4.08B | $3.84B | $3.15B | $2.75B | $2.48B | $2.05B | $1.76B | $1.49B | $1.3B | $995.27M | $926.29M | $898.48M | $847.65M | $549.64M | $486.8M |
| YoY Growth | 3.3% | 12.2% | 11.4% | 15.8% | 16.0% | -28.8% | 5.6% | 6.4% | 21.8% | 14.6% | 11.2% | 21.0% | 16.2% | 18.3% | 14.4% | 30.8% | 7.4% | 3.1% | 6.0% | 54.2% | 12.9% | - |
| Cost of Revenue | $3.84B | $3.83B | $3.53B | $3.35B | $2.82B | $2.34B | $3.14B | $3.05B | $2.82B | $2.27B | $1.97B | $1.8B | $1.48B | $1.27B | $1.13B | $989.4M | $797.61M | $739.46M | $701.69M | $658.63M | $422.74M | $404.81M |
| Gross Profit | $1.49B | $1.33B | $1.07B | $782.05M | $742.31M | $731.84M | $1.17B | $1.04B | $1.02B | $886.72M | $783.79M | $680.27M | $565.04M | $490.79M | $363.2M | $312.58M | $197.66M | $186.83M | $196.79M | $189.02M | $126.9M | $81.99M |
| Gross Margin | 28.0% | 25.8% | 23.2% | 18.9% | 20.8% | 23.8% | 27.2% | 25.4% | 26.7% | 28.1% | 28.5% | 27.5% | 27.6% | 27.9% | 24.4% | 24.0% | 19.9% | 20.2% | 21.9% | 22.3% | 23.1% | 16.8% |
| Research and Development | $0 | $5.16M | $7.92M | $3.65M | $1.81M | $3.29M | $715K | $228K | $2.87M | $860K | $451K | $746K | $1.5M | $1.45M | $1.07M | $723K | $466K | $704K | $3.01M | $0 | $0 | $0 |
| Selling, General, and Administrative | $773.74M | $750.04M | $568.46M | $531.31M | $462.11M | $478M | $484.61M | $395.78M | $334.88M | $323.1M | $288.6M | $246.83M | $226.47M | $46.11M | $154.98M | $157.64M | $146.22M | $150.52M | $150.73M | $122.32M | $95.39M | $80.48M |
| Other | $0 | -$175.62M | -$96.07M | -$150.83M | -$62.04M | -$73.78M | -$40.08M | -$32.21M | -$217K | -$45.34M | $54.46M | $35.68M | $45.77M | $244.31M | $3.35M | $5.18M | -$14.09M | -$30.24M | -$19.05M | -$9.96M | -$7.48M | -$45.28M |
| Total Operating Expenses | $773.74M | $579.58M | $480.32M | $384.13M | $401.88M | $407.52M | $445.25M | $363.8M | $337.53M | $278.62M | $343.51M | $283.25M | $273.74M | $291.86M | $159.4M | $163.55M | $132.6M | $120.99M | $134.69M | $112.36M | $87.91M | $35.2M |
| Operating Income (EBIT) | $716.66M | $750.83M | $584.86M | $397.92M | $340.43M | $324.32M | $727.54M | $673.42M | $687.13M | $608.09M | $440.27M | $397.02M | $291.3M | $198.93M | $203.81M | $149.03M | $65.07M | $65.84M | $62.1M | $76.66M | $38.99M | $46.79M |
| Operating Margin | 13.4% | 14.6% | 12.7% | 9.6% | 9.6% | 10.6% | 16.9% | 16.5% | 17.9% | 19.3% | 16.0% | 16.0% | 14.2% | 11.3% | 13.7% | 11.4% | 6.5% | 7.1% | 6.9% | 9.0% | 7.1% | 9.6% |
| Interest Expense | $628.83M | $611.3M | $527.78M | $455.34M | $427.97M | $444.48M | $364.82M | $276.31M | $228.94M | $216.02M | $201.15M | $179.8M | $130.68M | $106.67M | $89.98M | $73.39M | $59.54M | $50.04M | $61.4M | $79.76M | $77.98M | $71.58M |
| Interest Income | $272.23M | $210.01M | $267.42M | $243.34M | $187.66M | $187.01M | $183.04M | $148.43M | $108.01M | $107.29M | $115.41M | $86.97M | $51.36M | $74.26M | $51.97M | $39.98M | $39.68M | $32.44M | $26.89M | $135.24M | $122.22M | $81.11M |
| Other Income (Expense) | $842.73M | $386.79M | $442.06M | $417.08M | $335.12M | $67.77M | $679.01M | $316.31M | $590.96M | $245.86M | $307.95M | $242.76M | $168.82M | $330.18M | $107.66M | $150.54M | $133.64M | $123.26M | $262M | $180.36M | $141.19M | $112.84M |
| Income Before Tax (EBT) | $1.56B | $1.14B | $1.03B | $814.99M | $675.56M | $392.09M | $1.41B | $989.73M | $1.28B | $853.95M | $748.23M | $639.78M | $460.12M | $529.11M | $311.47M | $299.57M | $198.71M | $189.1M | $324.11M | $257.01M | $180.18M | $159.63M |
| Income Tax Expense | $185.42M | $164.48M | $151.92M | $97.23M | $77.6M | $83.13M | $227.66M | $212.52M | $194.35M | $166.34M | $142.53M | $128.83M | $99.47M | $79.78M | $61.27M | $45.99M | $27M | $34.96M | $31.32M | $29.8M | $13.32M | $22.9M |
| Net Income | $971.58M | $665.41M | $603.77M | $428.68M | $438.78M | $271.97M | $574.33M | $505.87M | $479.77M | $411.8M | $352.38M | $294.61M | $191.02M | $168.4M | $148.78M | $177.04M | $129.59M | $117.26M | $258.16M | $193.31M | $138.91M | $116.83M |
| Net Income Margin | 18.2% | 12.9% | 13.1% | 10.4% | 12.3% | 8.9% | 13.3% | 12.4% | 12.5% | 13.1% | 12.8% | 11.9% | 9.3% | 9.6% | 10.0% | 13.6% | 13.0% | 12.7% | 28.7% | 22.8% | 25.3% | 24.0% |
| Supplementary Data | ||||||||||||||||||||||
| EPS | 98.79 | 64.77 | 58.64 | 42.20 | 42.58 | 25.33 | 54.12 | 48.64 | 46.67 | 39.88 | 33.89 | 29.83 | 20.53 | 17.03 | 14.17 | 17.13 | 8.46 | 9.05 | 18.80 | 14.28 | 9.86 | 10.63 |
| Diluted EPS | 98.79 | 64.69 | 58.64 | 42.15 | 42.52 | 25.24 | 53.93 | 48.64 | 45.99 | 39.31 | 33.38 | 29.35 | 20.39 | 16.92 | 14.07 | 17.01 | 8.44 | 12.64 | 18.72 | 14.21 | 9.82 | 10.57 |
| Weighted Average OS | 620.04M | 621.20M | 619.55M | 619.42M | 622.68M | 626.90M | 628.56M | 627.76M | 620.93M | 620.06M | 619.56M | 603.06M | 596.59M | 585.03M | 579.97M | 588.35M | 835.68M | 835.51M | 835.35M | 833.44M | 831.45M | 692.04M |
| EBITDA | $2.47B | $1.32B | $1.04B | $950.26M | $977.86M | $816.57M | $1.71B | $1.17B | $1.41B | $965.59M | $1.1B | $964.56M | $720.02M | $614.41M | $383.71M | $358.76M | $311.34M | $281.66M | $432.97M | $377.9M | $285.37M | $257.39M |
| EBITDA Margin | 46.4% | 25.6% | 22.7% | 23.0% | 27.4% | 26.6% | 39.7% | 28.6% | 36.7% | 30.6% | 39.9% | 39.0% | 35.2% | 34.9% | 25.8% | 27.6% | 31.3% | 30.4% | 48.2% | 44.6% | 51.9% | 52.9% |
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 | $1.06B | $1.23B | $1.35B | $1.18B | $1.44B | $1.42B | $1.52B | $968.99M | $1.02B | $955.08M | $1.33B | $1.52B | $1.08B | $1.37B | $141.45M | $139.94M | $62.94M | $54.56M | $64.19M | $52.12M | $51.13M |
| Short-Term Investments | $6.38M | $190.59M | $138.5M | $268.93M | $133.66M | $147.07M | $376.28M | $241.56M | $181.74M | $125.36M | $116.51M | $181.84M | $276.45M | $80.37M | $760.13M | $787.05M | $749.83M | $580.22M | $579.34M | $318.08M | $343.4M |
| Cash and Short-Term Investments | $1.06B | $1.42B | $1.49B | $1.45B | $1.58B | $1.57B | $1.9B | $1.21B | $1.2B | $1.08B | $1.45B | $1.7B | $1.36B | $1.45B | $901.58M | $926.99M | $812.77M | $634.78M | $643.52M | $370.2M | $394.53M |
| Accounts Receivable | $2.6B | $2.77B | $2.85B | $2.83B | $2.56B | $2.61B | $2.53B | $2.84B | $1.97B | $2.08B | $1.47B | $1.28B | $929.05M | $791.43M | $560.99M | $462.97M | $438.2M | $370.15M | $287.16M | $284.95M | $179.44M |
| Inventory | $4.23B | $4.33B | $4.13B | $3.45B | $3.02B | $2.86B | $2.41B | $2.1B | $1.93B | $1.22B | $1.08B | $870.12M | $750.12M | $533.35M | $439.71M | $291.46M | $171.59M | $144.78M | $140.42M | $149.1M | $142.79M |
| Other Current Assets | $1.6B | $74.84M | $77.46M | $232.77M | $226.33M | $3.15B | $2.82B | $201.47M | $35.64M | $9M | $409K | $7.61M | $8.41M | $11.4M | $4.17M | $9.77M | $38.09M | $42.41M | $18.97M | $104.87M | $13.51M |
| Total Current Assets | $9.49B | $9.26B | $9.13B | $8.48B | $7.86B | $10.44B | $9.92B | $6.56B | $5.34B | $4.57B | $4.16B | $4.03B | $3.16B | $2.87B | $1.96B | $1.72B | $1.49B | $1.22B | $1.11B | $917.6M | $737.99M |
| Long-Term Assets | |||||||||||||||||||||
| Property, Plant & Equipment Net | $3.7B | $3.21B | $2.74B | $2.14B | $1.86B | $1.81B | $1.74B | $1.66B | $1.35B | $2.61B | $2.1B | $1.71B | $1.32B | $1.16B | $512.81M | $446.25M | $402.93M | $428.68M | $392.14M | $407.11M | $690.79M |
| Goodwill | $0 | $473.14M | $476.7M | $520.82M | $180.28M | $158.38M | $155.4M | $143.51M | $169.56M | $84.53M | $52.78M | $51.92M | $53.12M | $55.23M | $56.78M | $46.06M | $63.65M | $50.16M | $41.32M | $55.46M | $36.51M |
| Intangible Assets | $639.39M | $150.42M | $164.36M | $182.61M | $192.71M | $177.68M | $141.94M | $1.68B | $1.54B | $1.37B | $1.26B | $1.2B | $1.11B | $1.15B | $1.06B | $942.29M | $9.64M | $7.89M | $10.7M | $14.87M | $11.04M |
| Long-Term Investments | $14.2B | $13.55B | $12.07B | $11.01B | $10.47B | $8.98B | $9.1B | $8.2B | $7.26B | $5.29B | $4.64B | $4.13B | $3.07B | $2.84B | $1.99B | $1.78B | $1.68B | $1.43B | $1.51B | $1.45B | $1.13B |
| Deferred Tax Assets | $293.6M | $320.15M | $308.61M | $287.44M | $257.42M | $232.19M | $231.92M | $247.17M | $214.41M | $209.36M | $175.11M | $144.82M | $115.82M | $92.67M | $60.19M | $57.42M | $22.19M | $16.38M | $15.62M | $17.84M | $17.67M |
| Other Long-Term Assets | $1.6B | $788.76M | $673.88M | $553.05M | $537.23M | $538.39M | $636.44M | $575.54M | $344.59M | $321.01M | $208.92M | $250.63M | $158.98M | $50.34M | $49.56M | $38.65M | $23.43M | $29.26M | $19.76M | $13.72M | $16.97M |
| Total Long-Term Assets | $20.43B | $18.49B | $16.43B | $14.7B | $13.49B | $11.9B | $12.01B | $12.51B | $10.88B | $9.89B | $8.43B | $7.49B | $5.83B | $5.35B | $3.73B | $3.31B | $2.21B | $1.96B | $1.99B | $1.96B | $1.91B |
| 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 | $29.92B | $27.74B | $25.55B | $23.17B | $21.35B | $22.34B | $21.93B | $19.07B | $16.23B | $14.46B | $12.59B | $11.52B | $8.99B | $8.22B | $5.68B | $5.03B | $3.69B | $3.18B | $3.1B | $2.88B | $2.65B |
| Liabilities | |||||||||||||||||||||
| Current Liabilities | |||||||||||||||||||||
| Accounts Payable | $4.01B | $2.42B | $2.1B | $1.9B | $1.71B | $1.51B | $1.71B | $1.91B | $1.44B | $1.44B | $1.34B | $1.16B | $948.04M | $805.91M | $469.56M | $255.93M | $231.77M | $226.63M | $211.04M | $182.66M | $258.52M |
| Short-Term Debt | $2.07B | $2.23B | $1.62B | $1.1B | $1.08B | $1.12B | $890.64M | $1.4B | $691.77M | $801.88M | $831.02M | $504.16M | $413.42M | $502.82M | $223.7M | $249.94M | $80.92M | $61.23M | $192.9M | $188.34M | $145.03M |
| Current Income Tax Payable | $0 | $418.64M | $17.08M | $360.03M | $333.72M | $351.83M | $409.95M | $382.36M | $355.74M | $303.28M | $204.85M | $200.47M | $122.75M | $110.18M | $7.67M | $7M | $8.03M | $3.41M | $4.54M | $4.69M | $4.34M |
| Current Unearned Revenue | $0 | $0 | $0 | $6.89M | $5.06M | $2.26M | $72.32M | $109.33M | $78.06M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $304.11M | $1.38B | $1.69B | $1.63B | $1.31B | $3.55B | $3.71B | $1.63B | $1.46B | $1.33B | $972.73M | $938.18M | $744.05M | $606.41M | $383.77M | $390.69M | $252.72M | $193.29M | $167.1M | $138.78M | $31.81M |
| Total Current Liabilities | $6.4B | $6.16B | $5.54B | $4.83B | $4.24B | $6.35B | $6.56B | $5.25B | $3.83B | $3.73B | $3.26B | $2.69B | $2.17B | $1.96B | $1.1B | $912.4M | $573.45M | $484.25M | $575.58M | $514.48M | $439.7M |
| Long-Term Liabilities | |||||||||||||||||||||
| Long-Term Debt | $9.12B | $8.4B | $7.78B | $7.58B | $6.51B | $5.92B | $5.73B | $5.16B | $4.87B | $3.9B | $3.35B | $3.61B | $2.66B | $2.3B | $1.47B | $1.06B | $817.35M | $726.68M | $601.62M | $611.48M | $737.98M |
| Long-Term Unearned Revenue | $0 | $0 | $90.42M | $85.73M | $50.04M | $90.61M | $107.37M | $115.5M | $132.76M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $222.63M | $243.56M | $181.72M | $143.85M | $145.04M | $149.11M | $130.82M | $174.88M | $141.29M | $163.91M | $122.88M | $124.04M | $113.34M | $120.07M | $108.3M | $107.3M | $3.3M | $2.68M | $2.47M | $7.04M | $4.95M |
| Other Long-Term Liabilities | $916.38M | $949.17M | $778.67M | $736.38M | $1.03B | $827.55M | $742.47M | $893.32M | $716.68M | $794.15M | $669.41M | $564.86M | $517.41M | $511.88M | $290.91M | $290.42M | $148.39M | $116.83M | $101.09M | $87.39M | $74.43M |
| Total Long-Term Liabilities | $10.71B | $10.05B | $9.27B | $8.98B | $8.15B | $7.34B | $7.05B | $6.34B | $5.86B | $4.86B | $4.14B | $4.3B | $3.29B | $2.94B | $1.87B | $1.46B | $969.04M | $846.2M | $705.19M | $705.92M | $817.35M |
| 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 | $17.11B | $16.21B | $14.81B | $13.82B | $12.38B | $13.7B | $13.61B | $11.59B | $9.69B | $8.59B | $7.4B | $6.99B | $5.46B | $4.9B | $2.96B | $2.37B | $1.54B | $1.33B | $1.28B | $1.22B | $1.26B |
| Stockholders' Equity | |||||||||||||||||||||
| Preferred Stock | $113.88M | $114M | $114.18M | $112.65M | $113.75M | $114.24M | $84.65M | $77.9M | $77.68M | $77.57M | $77.5M | $77.57M | $32.89M | $115.43M | $114.02M | $114.21M | $111.24M | $101.23M | $92.11M | $131.77M | $75.06M |
| Common Stock | $503.14M | $503.31M | $503.54M | $496.3M | $500.72M | $502.29M | $513.75M | $501.31M | $492.47M | $490.96M | $490.01M | $490.32M | $448.05M | $480.04M | $473.06M | $396.81M | $397.44M | $360.35M | $329.27M | $273.73M | $272.53M |
| Retained Earnings | $6.59B | $5.71B | $5.13B | $4.65B | $4.65B | $3.78B | $3.67B | $3.13B | $2.7B | $2.31B | $1.97B | $1.69B | $1.38B | $1.33B | $1.2B | $1.17B | $1.04B | $890.88M | $955.56M | $820.11M | $674.6M |
| Comprehensive Income & Other | -$34.54M | -$84.45M | -$53.63M | -$49.68M | -$84.3M | $350.61M | $394.2M | $200.82M | $211.55M | $191.67M | $181.19M | $98.77M | $84.77M | $51.41M | $11.63M | $8.04M | -$13.98M | -$20.18M | -$5.04M | $33.31M | $22.01M |
| Other Stockholders' Equity | $1.05B | $710.77M | $701.75M | $640.51M | $616.52M | $1.14B | $1.2B | $1.01B | $890.53M | $853.88M | $833.1M | $748.1M | $318.46M | $182.24M | $29.54M | $144.63M | $182.96M | $156.02M | $94.97M | $170.4M | $98.95M |
| Total Equity | $8.14B | $6.92B | $6.33B | $5.78B | $5.77B | $5.42B | $5.38B | $4.64B | $4.08B | $3.65B | $3.29B | $2.93B | $2.15B | $2B | $1.7B | $1.72B | $1.63B | $1.41B | $1.38B | $1.26B | $1.05B |
| Minority Interest | $4.72B | $4.61B | $4.41B | $3.57B | $3.2B | $3.22B | $2.94B | $2.84B | $2.45B | $2.22B | $1.9B | $1.6B | $1.38B | $1.32B | $1.02B | $939.76M | $526.94M | $444.54M | $438.45M | $392.1M | $342.58M |
| Total Liabilities and Equity | $25.25B | $23.13B | $21.14B | $19.6B | $18.15B | $19.11B | $18.99B | $16.23B | $13.77B | $12.24B | $10.69B | $9.92B | $7.61B | $6.9B | $4.67B | $4.09B | $3.17B | $2.74B | $2.66B | $2.48B | $2.3B |
| Supplementary Data | |||||||||||||||||||||
| Total Debt | $11.64B | $11.09B | $9.84B | $9.12B | $8B | $7.39B | $6.96B | $6.55B | $5.56B | $4.7B | $4.18B | $4.12B | $3.07B | $2.81B | $1.69B | $1.31B | $898.27M | $787.92M | $794.52M | $799.82M | $883M |
| Net Debt | $10.59B | $9.85B | $8.49B | $7.94B | $6.55B | $5.97B | $5.44B | $5.59B | $4.54B | $3.75B | $2.85B | $2.59B | $1.99B | $1.43B | $1.55B | $1.17B | $835.33M | $733.36M | $730.33M | $747.7M | $831.87M |
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 | $971.58M | $665.41M | $603.77M | $428.68M | $438.78M | $189.52M | $574.33M | $505.87M | $479.77M | $411.8M | $352.38M | $294.61M | $191.02M | $168.4M | $148.78M | $177.04M | $129.59M | $117.26M | $250.46M | $190.85M | $136.84M | $116.83M |
| Depreciation & Amortization | $283.79M | $272.2M | $229.64M | $245.21M | $243.77M | $259.5M | $303.47M | $215.61M | $194.96M | $183.02M | $149.36M | $144.99M | $129.22M | $115.36M | $104.63M | $82.94M | $53.1M | $42.52M | $47.46M | $41.12M | $27.21M | $26.17M |
| 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 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | ||||||||||||||||||||||
| Accounts Receivable | -$530.37M | -$347.95M | -$75.37M | -$227.03M | $25.58M | -$62K | $192.99M | -$573.87M | -$313.26M | -$229.7M | -$275.28M | -$183.28M | -$99.4M | -$183.94M | -$111.34M | -$6.43M | $8.9M | -$128.65M | -$35.8M | -$50.35M | -$55.6M | -$68.96M |
| Inventory | -$262.07M | -$159.68M | -$350.57M | -$301.85M | -$90.62M | -$154.19M | -$55.67M | $102.11M | $135.73M | -$89.86M | -$68.71M | -$24.29M | -$34.17M | -$29.84M | -$92.72M | -$7.93M | -$13.73M | -$18.05M | $31.47M | -$3.99M | $11.86M | $19.46M |
| Accounts Payable | $476.38M | $168.28M | $321.27M | $316.59M | -$145.91M | -$232.19M | -$185.51M | $466.03M | $84.1M | $316.68M | $263.17M | $492.58M | $287.57M | $209.35M | $194.72M | $71.25M | $6.97M | $59.75M | $68.87M | $27.06M | $76.51M | $32.16M |
| Other Working Capital | -$136.71M | -$207.08M | -$285.02M | $43.74M | -$101.58M | -$313.13M | -$282.97M | -$13.82M | -$180.36M | -$1.91M | -$119.49M | -$41.74M | $16.84M | -$84.79M | -$31.64M | -$27.43M | $1.86M | -$17.58M | $15.4M | -$20.41M | -$20.7M | $29.95M |
| Total Working Capital Change | -$452.76M | -$546.44M | -$389.69M | -$168.56M | -$312.54M | -$699.58M | -$331.16M | -$19.55M | -$273.79M | -$4.79M | -$200.31M | $243.28M | $170.84M | -$89.22M | -$40.99M | $29.46M | $4.01M | -$104.53M | $79.95M | -$47.69M | $12.07M | $12.61M |
| Other Non-Cash Items | -$345.93M | -$39.73M | -$56M | -$132.85M | -$211.37M | $167.69M | $25.13M | $115.66M | $75.6M | $103.04M | $123.97M | $28.75M | -$17.81M | $53.02M | $58.05M | $4.22M | $41.46M | $13.48M | -$110.81M | -$118.37M | -$95.95M | -$85.57M |
| Net Cash from Operating | $456.67M | $351.44M | $387.72M | $372.48M | $158.64M | -$82.87M | $571.77M | $817.59M | $476.53M | $693.07M | $425.39M | $711.62M | $473.26M | $247.56M | $270.48M | $293.67M | $228.15M | $68.73M | $267.06M | $65.91M | $80.17M | $70.04M |
| Investing Activities | ||||||||||||||||||||||
| Capital Expenditures | -$796.35M | -$748.69M | -$855.59M | -$523.96M | -$255.65M | -$292.79M | -$341.79M | -$230.62M | -$407.55M | -$476.8M | -$604.65M | -$568.55M | -$545.07M | -$634.85M | -$256.65M | -$206.16M | -$93.53M | -$86.27M | -$69.37M | -$54.78M | -$29.42M | -$17.1M |
| Acquisitions | -$97.82M | $10.44M | $337.94M | $170.74M | $82.75M | $210.19M | -$78.46M | $160.23M | -$89.87M | -$43.64M | $188.23M | -$24.73M | $1.56M | -$14.13M | -$24.96M | $37.04M | $852K | -$10.99M | $10.81M | -$21.07M | -$81.01M | $1.66M |
| Purchases of Investments | -$893.66M | -$1.35B | -$537.36M | -$903.23M | -$623.79M | -$492.78M | -$868M | -$1.22B | -$822.52M | -$707.15M | -$725.34M | -$1.33B | -$681.74M | -$472.18M | -$211.56M | -$131.37M | -$100.32M | -$133.88M | -$111.45M | -$132.56M | -$45.99M | -$89.11M |
| Sales of Investments | $790.31M | $668.45M | $330.51M | $97.74M | $53.21M | $370.09M | $534.26M | $47M | $98.08M | $159.92M | $560.04M | $791.16M | $40.22M | $50.71M | $78.99M | $75.17M | $8M | $182.13M | $240.62M | $87.22M | $125.5M | $157.06M |
| Other Investing Activities | -$152.74M | $31.86M | -$60.71M | -$22.51M | -$162.58M | -$123.76M | -$279.67M | -$398.82M | $116.8M | -$284.72M | $29.61M | -$315.06M | -$112.33M | -$155.63M | $210K | $6.58M | $9.27M | $4.23M | -$105K | -$5.9M | -$10.47M | $1.2M |
| Net Cash from Investing | -$1.15B | -$1.38B | -$785.21M | -$1.18B | -$906.06M | -$329.05M | -$1.03B | -$1.64B | -$1.11B | -$1.35B | -$552.12M | -$1.45B | -$1.3B | -$1.23B | -$413.97M | -$218.74M | -$175.72M | -$44.78M | $70.51M | -$127.1M | -$41.38M | $53.71M |
| Financing Activities | ||||||||||||||||||||||
| Debt Repaid | - | - | - | - | - | - | $33.4M | - | - | -$461.78M | - | - | -$461.5M | -$997.03M | - | - | - | - | -$5.56M | $60.55M | $205.35M | -$134.03M |
| Common Stock Issuance | $313.82M | $270.37M | $206.34M | $128K | $708K | $1.15M | $242.23M | $128.09M | $0 | $0 | $0 | $406.25M | $198.17M | $102.33M | $0 | $3.16M | $0 | $86.17M | $3.33M | $92.99M | $0 | $41.28M |
| Common Stock Repurchases | -$30.43M | -$237.5M | -$158.58M | -$10.77M | -$91.27M | -$13.76M | -$280.62M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$119.99M | -$65.73M | -$2.2M | -$5.65M | -$42.23M | -$35.4M | -$20.15M | -$39.96M |
| Dividends Paid | -$178.7M | -$158.53M | -$148.15M | -$128.03M | -$118.33M | -$140.11M | -$194.04M | -$171.23M | -$172.23M | -$159.96M | -$144.42M | -$120.03M | -$99.27M | -$92.62M | -$84M | -$72.48M | -$57.63M | -$42.31M | -$67.58M | -$60.03M | -$38.46M | -$19.79M |
| Other Financing Activities | -$72.46M | $31.76M | -$120.18M | -$292.57M | $151.04M | -$41.03M | -$9.18M | -$6.5M | $12.31M | -$451.5M | $73.62M | $3.61M | $44.98M | -$630.03M | $14.26M | $23.48M | $27.96M | $10.59M | $73.49M | $135.66M | $51.84M | -$102.92M |
| Net Cash from Financing | $548.07M | $1.03B | $411.08M | $567.58M | $368.31M | $544.39M | $1.14B | $766.14M | $692.51M | $312.11M | -$9.53M | $1.13B | $605.38M | $1.36B | $150.37M | $43.81M | -$8.39M | $63.54M | -$76.43M | $12.11M | -$212.13M | $146.68M |
| Forex Effect | $14.67M | -$175.5M | $147.94M | -$139.08M | $316.52M | -$122.51M | -$110.59M | -$53.76M | -$1.52M | -$106.86M | -$130.11M | -$31.37M | -$82.15M | $853.68M | -$5.28M | -$38.34M | -$39.38M | -$100.28M | -$240.86M | $53.93M | $224.48M | $0 |
| Net Change in Cash | -$130.85M | -$179.63M | $161.54M | -$380.23M | -$62.59M | $9.95M | $568.91M | -$111.56M | $62.46M | -$454.07M | -$266.37M | $366.22M | -$300.88M | $1.24B | $1.6M | $80.4M | $4.66M | -$12.78M | $20.28M | $4.85M | $51.13M | $0 |
| Supplementary Data | ||||||||||||||||||||||
| Operating Cash Flow | $456.67M | $351.44M | $387.72M | $372.48M | $158.64M | -$82.87M | $571.77M | $817.59M | $476.53M | $693.07M | $425.39M | $711.62M | $473.26M | $247.56M | $270.48M | $293.67M | $228.15M | $68.73M | $267.06M | $65.91M | $80.17M | $70.04M |
| Capital Expenditure | -$587.78M | -$713.9M | -$654.98M | -$516.15M | -$222.54M | -$195.44M | -$341.31M | -$222.69M | -$399.34M | -$466.6M | -$604.65M | -$555.27M | -$542.44M | -$619.63M | -$121.94M | -$93.7M | -$93.53M | -$86.27M | -$69.37M | -$54.78M | -$29.42M | -$17.1M |
| Free Cash Flow | -$131.11M | -$362.46M | -$267.26M | -$143.67M | -$63.9M | -$278.32M | $230.46M | $594.91M | $77.2M | $226.47M | -$179.26M | $156.35M | -$69.18M | -$372.07M | $148.53M | $199.97M | $134.62M | -$17.54M | $197.69M | $11.13M | $50.75M | $52.94M |
| Cash at Beginning | $1.25B | $1.41B | $1.19B | $1.56B | $1.51B | $1.41B | $955.58M | $1.08B | $960.36M | $1.41B | $1.6B | $1.16B | $1.38B | $134.08M | $139.85M | $59.54M | $58.29M | $67.34M | $43.91M | $47.27M | $0 | $0 |
| Cash at End | $1.12B | $1.23B | $1.35B | $1.18B | $1.44B | $1.42B | $1.52B | $968.99M | $1.02B | $955.08M | $1.33B | $1.52B | $1.08B | $1.37B | $141.45M | $139.94M | $62.94M | $54.56M | $64.19M | $52.12M | $51.13M | $49.46M |