Danone S.A. (DANOY)
Danone S.A. is a leading global enterprise in the food and beverage industry, with extensive operations spanning Europe, North America, Latin America, the Asia Pacific region, Africa, and the Middle East. The company's business is structured around three core segments: Essential Dairy & Plant-Based, Specialized Nutrition, and Waters. Its Essential Dairy & Plant-Based segment encompasses a diverse portfolio of offerings, including yogurts, milk products, coffee creamers, various drinks and beverages, plant-based alternatives, ice creams, desserts, and nutritional powdered protein products. These are marketed under well-known proprietary brands such as Actimel, Activia, Alpro, and Danonino, as well as licensed brands like International Delight, Dunkin' Donuts, and Bailey's. The Specialized Nutrition division focuses on health-oriented products. This includes nutritional solutions for expectant and lactating mothers, infants, and young children, featuring brands like Aptamil, Nutrilon, and Happy Family Organics. Furthermore, it supplies clinical nutrition items such as tube feeding formulas (e.g., Nutrison) and oral nutritional supplements (e.g., Fortimel, NutriDrink). For children with allergies, Danone provides specialized hypoallergenic products under names like Aptamil ProSyneo and Neocate Syneo. Its Waters segment delivers a range of bottled waters, including natural mineral waters, those infused with fruit extracts, fruit juices, and vitamins, from popular brands such as evian, Volvic, Aqua, and Bonafont. Distribution of Danone's products occurs via a comprehensive multi-channel network, encompassing major retail chains, local market outlets, convenience stores, and specialized healthcare settings like hospitals, clinics, and pharmacies. The company also leverages e-commerce platforms to reach consumers. Founded in 1899, the company, originally known as Groupe Danone, adopted its current name, Danone S.A., in April 2009. Its corporate headquarters are located in Paris, France.
Sector: Packaged Foods
Industry: Packaged Foods
Danone S.A.
OTC:DANOYConsumer Defensive · Packaged Foods
-2.60%$14.99
CLOSED · Nov 6Prev close$15.39-2.60%Close$14.99
Mkt Cap$48.18B
Float3.16B
O/S3.21B
VOL439K sh
$ Vol$6.57M
RVOL0.60×
Inst Own-
SI<0.1%
EarningsFeb 24 · in 4mo
Div Yield3.52%
Dilution
Financials Summary
Revenue$30.46B
Net Income$2.04B
Total Assets$50.3B
Free Cash Flow$2.92B
Debt & Equity
Debt 46%
Equity 54%
Total Debt$16.1B
Total Equity$18.88B
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in DANOY's public trading history: no forward or reverse split has affected the share count.
Not listed: 1 stock dividend or distribution row in the vendor series, which is not a split.
Balance Sheet Details
Assets$50.3B
Liabilities$31.36B
Accounts Receivable$3.4B
Accounts Payable$6.05B
Inventory$2.59B
PP&E (Net)$7.19B
Goodwill$19.28B
Intangible Assets$6.54B
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Revenue | $30.46B | $30.57B | $30.84B | $30.88B | $27.11B | $26.37B | $28.23B | $27.52B | $27.7B | $24.5B | $25.02B | $23.61B | $23.78B | $23.3B | $21.57B | $18.99B | $16.73B | $16.99B | $14.26B | $15.71B | $14.53B | $15.28B | $14.63B | $15.15B | $16.18B | $16B | $14.88B | $14.43B | $14.91B |
| YoY Growth | -0.3% | -0.9% | -0.2% | 13.9% | 2.8% | -6.6% | 2.6% | -0.6% | 13.1% | -2.1% | 6.0% | -0.7% | 2.1% | 8.0% | 13.6% | 13.5% | -1.6% | 19.1% | -9.2% | 8.1% | -4.9% | 4.4% | -3.4% | -6.4% | 1.2% | 7.5% | 3.2% | -3.2% | - |
| Cost of Revenue | $15.04B | $15.37B | $16.23B | $16.66B | $14.25B | $13.7B | $14.38B | $14.21B | $14.1B | $12B | $12.52B | $12.34B | $12.26B | $11.62B | $10.65B | $8.89B | $7.54B | $8.01B | $7.12B | $8.05B | $7.41B | $7.11B | $6.67B | $7.2B | $8.29B | $8.07B | $6.74B | $6.81B | $7.44B |
| Gross Profit | $15.42B | $15.19B | $14.61B | $14.22B | $12.86B | $12.68B | $13.85B | $13.31B | $13.6B | $12.5B | $12.5B | $11.26B | $11.52B | $11.68B | $10.92B | $10.11B | $9.19B | $8.99B | $7.14B | $7.66B | $7.12B | $8.18B | $7.97B | $7.95B | $7.89B | $7.92B | $8.14B | $7.62B | $7.47B |
| Gross Margin | 50.6% | 49.7% | 47.4% | 46.1% | 47.4% | 48.1% | 49.1% | 48.4% | 49.1% | 51.0% | 50.0% | 47.7% | 48.5% | 50.1% | 50.6% | 53.2% | 55.0% | 52.9% | 50.1% | 48.7% | 49.0% | 53.5% | 54.4% | 52.5% | 48.7% | 49.5% | 54.7% | 52.8% | 50.1% |
| Research and Development | $534.8M | $499.08M | $444.37M | $378.49M | $377.38M | $360.63M | $391.89M | $376.26M | $381.84M | $371.79M | $342.77M | $303.69M | $307.04M | $286.94M | $260.14M | $233.35M | $230M | $221.07M | $135.1M | $140.68M | $137.63M | $145.78M | $144.51M | $148.96M | $140.54M | $140.28M | $136.48M | $134.14M | $127.69M |
| Selling, General, and Administrative | $10.68B | $10.61B | $10.09B | $9.97B | $8.76B | $8.54B | $9.11B | $8.96B | $9.03B | $8.48B | $8.53B | $7.78B | $7.98B | $8.06B | $5.69B | $6.87B | $6.22B | $6.13B | $4.96B | $5.19B | $4.85B | $5.9B | $5.74B | $5.74B | $5.95B | $6.05B | $5.6B | $5.02B | $4.93B |
| Other | $923.35M | $313.74M | $1.8B | $1.48B | $1.21B | $648.69M | $960.19M | $17.86M | -$254.56M | -$152.96M | -$215.48M | -$17.86M | -$246.75M | -$6.7M | $74.81M | $97.14M | -$85.97M | $69.22M | $0 | $0 | $0 | -$266.85M | -$253.55M | $295.79M | $0 | $0 | $0 | $0 | $0 |
| Total Operating Expenses | $12.14B | $11.42B | $12.33B | $11.83B | $10.34B | $9.55B | $10.46B | $9.56B | $9.51B | $9.4B | $10.08B | $8.99B | $8.9B | $8.41B | $7.87B | $7.23B | $6.63B | $6.54B | $5.42B | $5.49B | $5.21B | $6.28B | $6.18B | $6.17B | $6.09B | $6.19B | $6.59B | $5.94B | $5.87B |
| Operating Income (EBIT) | $3.28B | $3.77B | $2.28B | $2.39B | $2.52B | $3.12B | $4.32B | $4.05B | $4.01B | $3.41B | $3.31B | $2.96B | $3.08B | $3.07B | $3.05B | $2.88B | $2.8B | $2.44B | $1.73B | $2.09B | $1.9B | $1.9B | $1.79B | $1.78B | $1.8B | $1.74B | $1.56B | $1.68B | $1.6B |
| Operating Margin | 10.8% | 12.3% | 7.4% | 7.7% | 9.3% | 11.8% | 15.3% | 14.7% | 14.5% | 13.9% | 13.2% | 12.6% | 12.9% | 13.2% | 14.1% | 15.2% | 16.8% | 14.4% | 12.1% | 13.3% | 13.1% | 12.4% | 12.2% | 11.7% | 11.1% | 10.9% | 10.5% | 11.6% | 10.7% |
| Interest Expense | $556.02M | $669.9M | $846.31M | $343.88M | $360.63M | $399.71M | $656.5M | $623.01M | $809.46M | $547.09M | $455.53M | $305.92M | $399.5M | $273.54M | $269.08M | $256.8M | $294.76M | $554.9M | $342.77M | $244.51M | $211.02M | $166.36M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Interest Income | $336.07M | $449.95M | $380.73M | $173.06M | $174.17M | $168.59M | $244.51M | $224.42M | $293.64M | $163.01M | $169.71M | $200.97M | $112.87M | $83.74M | $74.81M | $97.14M | $84.85M | $64.76M | $147.38M | $203.2M | $98.25M | $61.41M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | -$451.07M | -$390.77M | -$358.4M | -$381.84M | $360.63M | -$6.7M | -$464.46M | $462.23M | -$487.91M | -$326.02M | -$208.79M | -$333.83M | $29.03M | -$337.18M | -$328.25M | -$22.33M | -$347.23M | -$652.04M | -$197.62M | -$75.92M | -$196.5M | $11.16M | -$308.51M | $205.35M | -$1.19B | -$299.57M | -$235.23M | -$529.12M | -$483.04M |
| Income Before Tax (EBT) | $2.83B | $3.38B | $1.92B | $2.01B | $2.88B | $3.12B | $3.15B | $3.52B | $3.8B | $2.94B | $2.26B | $2.07B | $2.4B | $2.73B | $2.72B | $2.78B | $2.26B | $1.79B | $1.53B | $2.02B | $1.78B | $1.7B | $1.48B | $1.98B | $613.62M | $1.44B | $1.32B | $1.15B | $1.12B |
| Income Tax Expense | $827.33M | $1.04B | $857.47M | $868.64M | $657.62M | $850.77M | $885.38M | $799.41M | $940.09M | $897.67M | $698.93M | $668.78M | $674.37M | $794.95M | $698.93M | $643.1M | $473.4M | $494.61M | $457.76M | $401.94M | $527.9M | $509.82M | $544.33M | $547.96M | $465.55M | $628.87M | $559.22M | $483.42M | $499.08M |
| Net Income | $2.04B | $2.26B | $983.64M | $1.07B | $2.15B | $2.18B | $2.15B | $2.61B | $2.73B | $1.92B | $1.43B | $1.25B | $1.59B | $1.87B | $1.87B | $2.09B | $1.52B | $1.47B | $4.67B | $1.51B | $1.63B | $353.33M | $935.29M | $1.43B | $148.07M | $807.18M | $763.38M | $666.97M | $617.32M |
| Net Income Margin | 6.7% | 7.4% | 3.2% | 3.5% | 7.9% | 8.3% | 7.6% | 9.5% | 9.9% | 7.8% | 5.7% | 5.3% | 6.7% | 8.0% | 8.6% | 11.0% | 9.1% | 8.6% | 32.7% | 9.6% | 11.2% | 2.3% | 6.4% | 9.5% | 0.9% | 5.0% | 5.1% | 4.6% | 4.1% |
| Supplementary Data | |||||||||||||||||||||||||||||
| EPS | 0.57 | 0.63 | 0.27 | 0.30 | 0.59 | 0.60 | 0.59 | 0.73 | 0.78 | 0.56 | 0.42 | 0.38 | 0.48 | 0.56 | 0.55 | 0.61 | 0.48 | 0.53 | 1.75 | 0.56 | 0.60 | 0.13 | 0.33 | 0.49 | 0.05 | 0.26 | 0.24 | 0.21 | 0.20 |
| Diluted EPS | 0.56 | 0.63 | 0.27 | 0.30 | 0.59 | 0.60 | 0.59 | 0.73 | 0.78 | 0.56 | 0.42 | 0.38 | 0.48 | 0.55 | 0.55 | 0.61 | 0.48 | 0.53 | 1.74 | 0.55 | 0.59 | 0.12 | 0.32 | 0.47 | 0.05 | 0.26 | 0.24 | 0.20 | 0.19 |
| Weighted Average OS | 3.22B | 3.22B | 3.21B | 3.20B | 3.23B | 3.25B | 3.24B | 3.21B | 3.13B | 3.08B | 3.05B | 2.97B | 2.94B | 3.00B | 3.01B | 3.07B | 2.83B | 2.46B | 2.38B | 2.43B | 2.46B | 2.51B | 2.55B | 2.64B | 2.79B | 2.81B | 2.97B | 2.80B | 2.83B |
| EBITDA | $4.9B | $5.32B | $5.7B | $5.86B | $5.14B | $4.93B | $5.2B | $5.02B | $4.93B | $4.29B | $3.47B | $3.11B | $3.17B | $3.74B | $3.71B | $2.81B | $3.25B | $2.93B | $2.34B | $2.46B | $2.53B | $2.46B | $2.46B | $2.58B | $2.67B | $2.58B | $2.41B | $2.46B | $2.41B |
| EBITDA Margin | 16.1% | 17.4% | 18.5% | 19.0% | 18.9% | 18.7% | 18.4% | 18.3% | 17.8% | 17.5% | 13.9% | 13.2% | 13.3% | 16.1% | 17.2% | 14.8% | 19.4% | 17.2% | 16.4% | 15.6% | 17.4% | 16.1% | 16.8% | 17.0% | 16.5% | 16.2% | 16.2% | 17.1% | 16.2% |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Assets | |||||||||||||||||||||||||||||
| Current Assets | |||||||||||||||||||||||||||||
| Cash and Cash Equivalents | $2.21B | $1.65B | $2.64B | $1.17B | $735.77M | $662.08M | $719.03M | $936.74M | $712.33M | $621.89M | $579.46M | $982.52M | $1.08B | $1.42B | $1.15B | $1.18B | $719.03M | $659.85M | $611.84M | $731.31M | $642.9M | $519.7M | $502.67M | $635.2M | $796.83M | $613.41M | $519.28M | $414.31M | $507.7M |
| Short-Term Investments | $5.12B | $5.23B | $4.06B | $4.05B | $5.8B | $4.11B | $4.05B | $4.69B | $3.87B | $14.58B | $2.81B | $2.59B | $3.2B | $1.95B | $1.24B | $1.24B | $506.89M | $492.38M | $550.43M | $2.86B | $2.69B | $2.5B | $1.96B | $3.13B | $442.96M | $262.72M | $544.8M | $0 | $0 |
| Cash and Short-Term Investments | $7.33B | $6.88B | $6.7B | $5.23B | $6.54B | $4.77B | $4.77B | $5.62B | $4.58B | $15.21B | $3.39B | $3.57B | $4.28B | $3.37B | $2.39B | $2.42B | $1.23B | $1.15B | $1.16B | $3.59B | $3.34B | $3.02B | $2.47B | $3.77B | $1.24B | $876.13M | $1.06B | $414.31M | $507.7M |
| Accounts Receivable | $3.4B | $3.26B | $3.26B | $3.66B | $3.2B | $2.91B | $3.24B | $3B | $3.12B | $2.82B | $2.75B | $2.12B | $2.02B | $2.99B | $3.07B | $2.95B | $2.58B | $2.76B | $2.55B | $2.44B | $2.47B | $2.19B | $1.05B | $2.02B | $1.56B | $2.14B | $0 | $0 | $0 |
| Inventory | $2.59B | $2.54B | $2.61B | $2.92B | $2.21B | $2.05B | $2.16B | $2B | $1.86B | $1.54B | $1.53B | $1.5B | $1.4B | $1.22B | $1.18B | $1.09B | $854.12M | $887.62M | $961.31M | $701.16M | $701.35M | $672.9M | $636.53M | $661.8M | $854.55M | $815.5M | $842.16M | $1.01B | $1.03B |
| Other Current Assets | $1.44B | $1.59B | $1.85B | $1.76B | $1.51B | $2.14B | $1.12B | $913.3M | $1.19B | $1.77B | $1.26B | $1.04B | $951.26M | $33.49M | $77.04M | $43.54M | $196.5M | $609.61M | $168.59M | $87.09M | $271.31M | $151.84M | $1.64B | $2.08B | $2.42B | $3.02B | $138.7M | $743.03M | $1.16B |
| Total Current Assets | $14.76B | $14.28B | $14.42B | $13.57B | $13.46B | $11.88B | $11.3B | $11.54B | $10.75B | $21.34B | $8.93B | $8.35B | $8.76B | $7.73B | $6.82B | $6.58B | $4.92B | $5.45B | $4.91B | $6.87B | $6.83B | $5.16B | $4.82B | $6.59B | $4.61B | $4.82B | $4.97B | $4.89B | $4.97B |
| Long-Term Assets | |||||||||||||||||||||||||||||
| Property, Plant & Equipment Net | $7.19B | $7.28B | $7.19B | $7.54B | $7.64B | $7.34B | $7.64B | $6.89B | $6.7B | $5.62B | $5.31B | $5.12B | $4.84B | $4.59B | $4.37B | $4.5B | $3.55B | $3.44B | $3.39B | $3.37B | $3.28B | $2.99B | $3.05B | $3.34B | $4.56B | $4.44B | $4.17B | $4.19B | $4.2B |
| Goodwill | $19.28B | $20.17B | $19.36B | $20.03B | $19.95B | $19B | $20.24B | $19.77B | $20.24B | $12.97B | $13.01B | $12.93B | $12.81B | $12.68B | $12.6B | $12.52B | $14.43B | $13.76B | $14.37B | $4.63B | $0 | $0 | $2.39B | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $6.54B | $6.64B | $6.42B | $7.04B | $6.9B | $6.72B | $7.45B | $7.52B | $7.61B | $4.67B | $4.61B | $5.19B | $5.4B | $5.48B | $5.35B | $5.38B | $4.75B | $4.72B | $4.87B | $1.27B | $5.89B | $3.59B | $1.7B | $5.18B | $7.61B | $7.52B | $6.18B | $5.99B | $5.99B |
| Long-Term Investments | $2.24B | -$3.62B | -$2.66B | -$2.52B | $1.48B | $1.52B | $2.69B | $2.53B | $3.15B | $3.21B | $3.37B | $2.6B | $1.53B | -$470.05M | $91.55M | $374.03M | $1.12B | $1.19B | $1.72B | -$719.03M | $0 | -$112.77M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $595.96M | $589.51M | $832.91M | $820.63M | $993.68M | $876.45M | $882.03M | $849.66M | $806.11M | $927.81M | $1.01B | $933.39M | $791.6M | $774.85M | $771.5M | $726.84M | $693.35M | $713.44M | $679.95M | $382.96M | $279.03M | $112.77M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | -$310.26M | $5.24B | $4.1B | $4.08B | -$993.68M | -$876.45M | -$882.03M | -$849.66M | -$806.11M | -$927.81M | -$1.01B | -$933.39M | -$791.6M | $2.19B | $1.73B | $1.29B | $537.04M | $726.84M | $854.12M | $3.02B | $2.38B | $2.98B | $3.99B | $2.2B | $2.34B | $2.51B | $1.5B | $1.71B | $1.44B |
| Total Long-Term Assets | $35.54B | $36.29B | $35.25B | $36.99B | $35.98B | $34.58B | $38.03B | $36.72B | $37.71B | $26.48B | $26.29B | $25.84B | $24.57B | $25.25B | $24.91B | $24.79B | $25.08B | $24.54B | $25.88B | $11.95B | $11.83B | $9.57B | $11.13B | $10.72B | $14.51B | $14.48B | $11.84B | $11.89B | $11.64B |
| Other Assets | $0 | $1.12M | $0 | $0 | $1.27B | $1.31B | $1.32B | $1.07B | $951.26M | $1.25B | $1.3B | $1.26B | $1.19B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $50.3B | $50.57B | $49.67B | $50.56B | $50.71B | $47.76B | $50.65B | $49.32B | $49.42B | $49.07B | $36.52B | $35.45B | $34.53B | $32.98B | $31.74B | $31.37B | $30B | $29.99B | $30.79B | $18.82B | $18.66B | $14.73B | $15.94B | $17.31B | $19.12B | $19.29B | $16.81B | $16.78B | $16.61B |
| Liabilities | |||||||||||||||||||||||||||||
| Current Liabilities | |||||||||||||||||||||||||||||
| Accounts Payable | $6.05B | $5.75B | $5.34B | $5.47B | $4.46B | $3.87B | $4.42B | $4.1B | $4.36B | $4.21B | $4.05B | $3.72B | $3.63B | $3.28B | $3.02B | $2.7B | $2.21B | $2.44B | $2.57B | $2.08B | $1.97B | $1.75B | $1.57B | $1.48B | $1.68B | $1.71B | $2.01B | $1.84B | $1.83B |
| Short-Term Debt | $4.97B | $4.93B | $5.54B | $3.52B | $3.97B | $4.39B | $4.76B | $3.88B | $4.23B | $2.8B | $3.34B | $5.07B | $5.43B | $1.25B | $1.19B | $2.82B | $1.9B | $727.96M | $2.73B | $464.46M | $108.41M | $625.13M | $1.16B | $1.94B | $804.36M | $1.35B | $630.23M | $741.51M | $479.38M |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $305.92M | $202.09M | $327.13M | $492.38M | $338.3M | $311.5M | $385.19M | $341.65M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $3.35B | $3.1B | $3.4B | -$3.96B | -$4.23B | -$2.36B | -$3.34B | -$2.6B | -$2.34B | $3.83B | $41.31M | $0 | $0 | $2.26B | $2.29B | $0 | $2.06B | $1.69B | $0 | $0 | $2.06B | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $3.6B | $4.42B | $3.07B | $934.51M | -$790.48M | -$72.57M | -$3.03B | $2.06B | $558.25M | $636.4M | $2.89B | $1.16B | $956.84M | $3.09B | $1.58B | $1.54B | $1.55B | -$782.67M | -$588.4M | $1.59B | $2.42B | $1.11B | $1.71B | $1.96B | $1.25M | $1.8B | $1.79B | $1.76B | $1.58B |
| Total Current Liabilities | $16.32B | $15.33B | $15.44B | $13.54B | $12.37B | $11.54B | $12.56B | $11.13B | $11.68B | $10.1B | $10.27B | $11.86B | $11.84B | $9.55B | $7.77B | $8.04B | $6.54B | $5.47B | $7.61B | $4.74B | $5.09B | $4.03B | $4.44B | $5.38B | $4.55B | $4.86B | $4.43B | $4.34B | $3.88B |
| Long-Term Liabilities | |||||||||||||||||||||||||||||
| Long-Term Debt | $10.08B | $10.35B | $10.9B | $11.73B | $13.14B | $12.95B | $13.57B | $15.55B | $17.55B | $20.58B | $9.03B | $6.8B | $7.21B | $4.8B | $3.52B | $7.76B | $6.65B | $12.77B | $11B | $6.37B | $6.35B | $4.03B | $4.65B | $4.57B | $6.07B | $4.67B | $3.93B | $3.46B | $3.63B |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $1.34B | $0 | $1.25B | $13.96B | $15.72B | $19.74B | $7.77B | $6B | $6.48B | $3.43B | $12.04B | $276.89M | $244.51M | $232.23M | $212.13M | $164.13M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $1.63B | $1.65B | $1.66B | $1.77B | $1.68B | $1.65B | $1.74B | $1.72B | $1.82B | $1.22B | $1.26B | $1.37B | $1.41B | $1.34B | $126.16M | $1.31B | $1.05B | $1.24B | $1.29B | $330.48M | $327.11M | $38.71M | $86.88M | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $2.17B | $2.56B | $2.62B | $2.61B | $1.93B | $2.59B | $1.28B | $2.15B | $2.15B | $2.43B | $3.07B | $2.14B | $1.95B | $13.4M | $5.28B | $606.26M | $663.2M | $575M | $514.71M | $436.55M | $623.11M | $719.84M | $603.73M | $853.32M | $980.03M | $789.35M | $762.27M | $838.23M | $1.07B |
| Total Long-Term Liabilities | $15.04B | $15.3B | $15.95B | $16.93B | $18.94B | $18.02B | $18.68B | $15.68B | $17.55B | $20.96B | $9.03B | $7.37B | $7.89B | $9.75B | $10.35B | $9.95B | $8.61B | $14.81B | $13.02B | $7.3B | $7.3B | $4.79B | $5.34B | $5.43B | $7.05B | $5.46B | $4.69B | $4.3B | $4.7B |
| Other Liabilities | $0 | $0 | $0 | $0 | $5.8B | $0 | $5.11B | $4.13B | $3.97B | $3.27B | $3.07B | $3.1B | $2.82B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $31.36B | $30.63B | $31.56B | $30.47B | $31.31B | $29.56B | $31.24B | $30.93B | $33.19B | $34.34B | $22.38B | $22.33B | $22.55B | $19.3B | $18.12B | $17.99B | $15.14B | $20.28B | $20.63B | $12.04B | $12.39B | $8.82B | $9.78B | $10.81B | $11.6B | $10.32B | $9.12B | $8.64B | $8.58B |
| Stockholders' Equity | |||||||||||||||||||||||||||||
| Preferred Stock | $0 | $0 | $0 | $4.22B | $0 | $0 | $4.1B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $189.72M | $189.81M | $188.69M | $188.69M | $192.04M | $192.04M | $192.04M | $190.92M | $187.57M | $183.11M | $183.11M | $179.76M | $176.41M | $179.76M | $179.76M | $180.87M | $180.87M | $142.91M | $142.91M | $145.15M | $147.06M | $149.9M | $150.71M | $153.21M | $158.11M | $166.43M | $126.49M | $0 | $0 |
| Retained Earnings | $20.74B | $19.59B | $18.81B | $20B | $20.14B | $19.4B | $18.41B | $17.75B | $16.39B | $13.44B | $12.79B | $13.19B | $12.45B | $12.2B | $11.38B | $10.43B | $12.43B | $11.61B | $10.71B | $7.21B | $6.39B | $7.95B | $7.93B | $7.34B | $6.22B | $6.38B | $5.83B | $5.25B | $4.77B |
| Comprehensive Income & Other | -$5.89B | -$4.31B | -$5.07B | -$4.22B | -$5.01B | -$6.29B | -$4.1B | -$4.35B | -$4.16B | -$1.77B | -$1.6B | -$2.15B | -$1.87B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Stockholders' Equity | -$2.05B | $88.2M | -$936.74M | -$180.87M | -$1.05B | -$1.5B | $645.34M | $309.27M | -$434.32M | $1.02B | $1.1B | -$314.85M | -$688.88M | $1.23B | $2.06B | $2.72B | $2.18B | -$2.1B | -$786.02M | -$856.36M | -$646.67M | -$2.99B | -$2.7B | -$1.81B | $274.81M | $1.51B | $923.16M | $2.01B | $2.43B |
| Total Equity | $18.88B | $19.87B | $18.06B | $20.01B | $19.29B | $18.09B | $19.25B | $18.25B | $16.14B | $14.64B | $14.07B | $13.06B | $11.94B | $13.61B | $13.62B | $13.33B | $14.8B | $9.65B | $10.07B | $6.5B | $5.89B | $5.11B | $5.38B | $5.68B | $6.65B | $8.05B | $6.88B | $7.26B | $7.2B |
| Minority Interest | $58.03M | $65.87M | $51.36M | $77.04M | $113.88M | $103.83M | $152.96M | $146.26M | $81.5M | $94.9M | $70.34M | $54.71M | $39.08M | $70.34M | $109.42M | $52.48M | $60.29M | $62.52M | $91.55M | $274.66M | $380.84M | $799.73M | $784.58M | $815.02M | $872.12M | $929.63M | $807.76M | $873.46M | $835.24M |
| Total Liabilities and Equity | $50.24B | $50.5B | $49.62B | $50.48B | $50.6B | $47.66B | $50.49B | $49.18B | $49.33B | $48.97B | $36.45B | $35.39B | $34.49B | $32.91B | $31.74B | $31.32B | $29.94B | $29.93B | $30.7B | $18.55B | $18.28B | $13.93B | $15.16B | $16.5B | $18.25B | $18.36B | $16.01B | $15.9B | $15.78B |
| Supplementary Data | |||||||||||||||||||||||||||||
| Total Debt | $16.1B | $16.25B | $17.42B | $16.3B | $18.2B | $18.42B | $19.4B | $19.97B | $21.78B | $22.95B | $12.37B | $9.57B | $9.68B | $6.94B | $5.91B | $10.58B | $8.55B | $13.5B | $13.74B | $6.83B | $6.46B | $4.66B | $5.81B | $6.52B | $6.87B | $6.02B | $4.56B | $4.2B | $4.11B |
| Net Debt | $13.88B | $14.6B | $14.78B | $15.12B | $17.47B | $17.76B | $18.69B | $19.04B | $21.07B | $22.33B | $11.79B | $8.59B | $8.6B | $5.53B | $4.77B | $9.4B | $7.83B | $12.84B | $13.12B | $6.1B | $5.82B | $4.14B | $5.31B | $5.88B | $6.07B | $5.41B | $4.04B | $3.79B | $3.6B |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Operating Activities | |||||||||||||||||||||||||||||
| Net Income | $2.11B | $2.34B | $1.06B | $1.14B | $2.15B | $2.18B | $2.15B | $2.62B | $2.73B | $1.92B | $1.43B | $1.25B | $1.59B | $2B | $1.87B | $2.09B | $1.52B | $1.36B | $991.45M | $1.51B | $1.63B | $353.33M | $935.29M | $1.43B | $148.07M | $807.18M | $763.38M | $666.97M | $617.32M |
| Depreciation & Amortization | $1.51B | $1.3B | $1.8B | $2.08B | $1.41B | $1.22B | $1.55B | $978.96M | $916.72M | $877.57M | $861.94M | $786.02M | $792.72M | $748.05M | -$51.36M | $663.2M | $612.96M | $586.16M | $468.93M | $548.2M | $533.55M | $623.48M | $667.56M | $805.44M | $869.61M | $847.6M | $848.82M | $782.83M | $813.12M |
| Deferred Income Tax | -$64.35M | $73.67M | -$131.75M | $44.66M | -$81.5M | -$41.31M | $44.66M | -$150.73M | -$394.12M | -$72.57M | -$199.85M | $203.2M | $253.45M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $121.7M | $79.27M | $68.11M | $27.91M | $13.4M | $17.86M | $33.49M | $26.8M | $24.56M | $26.8M | $30.15M | $21.21M | $21.21M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | |||||||||||||||||||||||||||||
| Accounts Receivable | -$351.76M | -$7.82M | $82.62M | -$473.4M | -$257.91M | $65.87M | -$299.22M | $901.02M | -$212.13M | -$122.81M | -$466.7M | -$107.18M | -$16.75M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | -$205.91M | $55.83M | $45.78M | -$744.71M | -$90.44M | -$96.02M | -$198.74M | -$186.46M | -$136.21M | -$26.8M | -$73.69M | -$117.23M | -$257.91M | -$58.06M | -$102.72M | -$70.34M | $41.31M | $3.35M | -$56.94M | -$31.26M | -$18.85M | -$75.77M | -$16.84M | $12.77M | -$23.84M | -$35.66M | -$25.52M | $19.71M | $18.68M |
| Accounts Payable | $565.17M | $426.32M | $361.75M | $981.4M | $474.51M | -$227.77M | $296.99M | -$859.71M | $161.89M | $332.72M | $194.27M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | $288.48M | $547.09M | -$180.87M | $322.67M | -$474.51M | $227.77M | -$296.99M | $859.71M | -$161.89M | -$332.72M | -$194.27M | $58.06M | $87.09M | $429.85M | $283.59M | $156.31M | -$144.03M | $58.06M | $259.03M | $341.65M | $165.91M | $252.85M | $232.27M | $58.52M | $726.56M | -$116.5M | -$83.22M | $22.47M | $114.8M |
| Total Working Capital Change | $295.99M | $595.09M | $309.27M | $85.97M | -$348.35M | -$30.15M | -$497.96M | $714.56M | -$348.35M | -$149.61M | -$540.39M | -$224.42M | -$274.66M | $371.79M | $180.87M | $85.97M | -$102.72M | $61.41M | $202.09M | $310.39M | $147.06M | $177.08M | $215.43M | $71.29M | $702.71M | -$152.16M | -$108.74M | $42.17M | $133.47M |
| Other Non-Cash Items | $79.69M | -$45.78M | $734.66M | -$71.46M | $734.66M | -$33.49M | $563.83M | -$718.82M | $369.49M | $358.4M | $1.06B | $611.84M | $503.54M | $75.92M | $913.3M | -$72.57M | $203.2M | -$53.59M | $136.21M | $52.48M | -$253.58M | $838.44M | $23.94M | -$476.67M | $785.53M | $89.16M | -$19.97M | $22.75M | -$88.91M |
| Net Cash from Operating | $4.05B | $4.28B | $3.84B | $3.31B | $3.88B | $3.31B | $3.85B | $3.47B | $3.3B | $2.96B | $2.64B | $2.44B | $2.63B | $3.19B | $2.91B | $2.76B | $2.23B | $1.96B | $1.8B | $2.42B | $2.06B | $1.99B | $1.84B | $1.83B | $2.51B | $1.59B | $1.48B | $1.51B | $1.47B |
| Investing Activities | |||||||||||||||||||||||||||||
| Capital Expenditures | -$1.13B | -$1.03B | -$945.68M | -$974.7M | -$1.16B | -$1.07B | -$1.06B | -$1.05B | -$1.08B | -$1.03B | -$1.05B | -$1.1B | -$1.14B | -$1.09B | -$988.1M | -$928.93M | -$780.43M | -$788.25M | -$810.58M | -$772.62M | -$676.84M | -$695.96M | -$1.82B | -$673.51M | -$824.43M | -$893.96M | -$786.68M | -$792.82M | -$880.51M |
| Acquisitions | $45.04M | $395.24M | -$180.87M | $118.35M | $27.91M | -$55.83M | -$208.79M | $1.29B | -$11.8B | -$243.4M | -$2.79B | -$1.16B | $1.31B | $215.48M | $988.1M | $262.38M | $979.17M | -$289.17M | -$8.26B | -$161.89M | -$709.83M | $616.31M | $0 | -$553.28M | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | -$920.15M | $0 | $0 | -$111.65M | -$334.95M | -$204.32M | $0 | $0 | $0 | $0 | $0 | -$1.19B | -$1.39B | -$324.9M | -$66.99M | -$365.1M | $0 | $788.25M | $810.58M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $113.68M | $0 | $197.62M | $230M | $2.05B | $610.73M | $0 | $0 | $0 | $0 | $0 | $2.35B | $77.04M | $4.47M | $25.68M | $627.47M | $0 | $442.13M | $190.92M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | -$10.72M | $118.35M | -$2.23M | -$98.25M | $50.24M | $42.43M | $145.15M | $125.05M | $112.77M | $329.37M | $2.14B | $1.25B | $51.36M | -$1.12M | -$815.04M | $50.24M | $40.19M | -$788.25M | -$969.12M | $375.14M | $1.73B | $872.21M | $210.11M | $3.81B | -$953.68M | -$2.39B | $392.79M | -$276.17M | $604.03M |
| Net Cash from Investing | -$1.9B | -$516.94M | -$931.16M | -$836.26M | $626.36M | -$681.07M | -$1.13B | $363.98M | -$12.77B | -$946.79M | -$1.7B | -$2.2B | -$2.41B | -$1.2B | -$856.36M | -$616.31M | $238.93M | -$635.29M | -$9.04B | -$559.37M | $347.85M | $176.25M | -$1.61B | $2.58B | -$1.78B | -$3.29B | -$393.9M | -$1.07B | -$276.49M |
| Financing Activities | |||||||||||||||||||||||||||||
| Debt Repaid | -$127.28M | $679.95M | $477.86M | $1.21B | $246.75M | $502.43M | $1.72B | $2.04B | $270.19M | -$11.83B | -$1.61B | $522.52M | -$3.02B | -$1.52B | $100.48M | -$486.79M | $4.64B | -$1.49B | -$3.43B | -$31.26M | $798.3M | $323.79M | -$571.81M | $507.52M | -$1.05B | -$1.46B | -$565.88M | -$72.26M | $761.45M |
| Common Stock Issuance | $95.45M | $84.85M | $77.04M | $56.94M | $51.36M | $33.49M | $61.41M | $52.48M | $66.99M | $87.09M | $264.61M | $51.36M | $41.31M | $39.08M | $41.31M | $40.19M | $3.44B | $104.95M | $73.69M | $58.06M | $67.87M | $42.43M | $35.46M | $52.14M | $51.45M | $620.54M | $681.27M | $118.14M | $52.58M |
| Common Stock Repurchases | -$521.2M | $0 | $0 | $0 | -$894.32M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$885.38M | -$782.67M | -$735.77M | -$260.14M | $0 | $0 | -$490.14M | -$655.39M | -$623.01M | -$237.81M | -$410.47M | -$878.86M | -$1.03B | -$189.02M | -$1.93B | -$399.36M | -$172.25M |
| Dividends Paid | -$1.48B | -$1.51B | -$1.43B | -$1.38B | -$1.41B | -$1.52B | -$1.4B | -$481.21M | -$311.5M | -$1.1B | -$350.58M | -$342.77M | -$946.79M | -$932.28M | -$874.22M | -$822.86M | -$246.75M | -$787.13M | -$694.46M | -$677.72M | -$545.97M | -$509.12M | -$481.39M | -$451.13M | -$439.2M | -$410.13M | -$391.68M | -$281.7M | -$240.96M |
| Other Financing Activities | -$38.66M | -$1.26B | -$467.81M | $1.53B | -$1.81B | -$302.57M | $552.67M | -$1.16B | $11.79B | -$12.13B | -$1.98B | $66.99M | -$196.5M | -$225.53M | -$238.93M | -$633.06M | -$616.31M | $70.34M | $0 | -$227.77M | -$234.47M | $0 | $0 | -$2.7B | -$163.13M | $294.82M | $53.26M | -$35.22M | $6.8M |
| Net Cash from Financing | -$1.72B | -$4.26B | -$2.3B | -$2.16B | -$4.5B | -$2.63B | -$2.51B | -$3.63B | $9.25B | -$1.8B | -$1.1B | -$398.59M | -$382.96M | -$1.66B | -$2.08B | -$1.77B | -$2.42B | -$1.24B | $7.14B | -$1.73B | -$2.35B | -$2.13B | -$284.58M | -$4.49B | -$529.54M | $1.77B | -$1.02B | -$525.88M | -$1.12B |
| Forex Effect | $337.01M | -$2.23M | -$561.6M | $125.05M | $64.76M | -$53.59M | -$257.91M | $15.63M | $303.69M | -$168.59M | -$254.56M | $50.24M | -$175.29M | -$68.11M | -$2.05B | $80.39M | $8.93M | -$34.61M | -$17.86M | -$40.19M | $59.39M | -$23.06M | -$81.56M | -$92.57M | -$12.55M | $13.08M | $36.62M | -$17.9M | $16.04M |
| Net Change in Cash | $761.7M | -$504.66M | $53.59M | $437.67M | $73.69M | -$56.94M | -$217.72M | $224.42M | $90.44M | $42.43M | -$403.06M | -$99.37M | -$334.95M | $270.19M | -$30.15M | $457.76M | $59.17M | $48.01M | -$119.47M | $88.2M | $122.55M | $16.47M | -$130.32M | -$161.73M | $184.46M | $93.91M | $104.3M | -$97.96M | $99.27M |
| Supplementary Data | |||||||||||||||||||||||||||||
| Operating Cash Flow | $4.05B | $4.28B | $3.84B | $3.31B | $3.88B | $3.31B | $3.85B | $3.47B | $3.3B | $2.96B | $2.64B | $2.44B | $2.63B | $3.19B | $2.91B | $2.76B | $2.23B | $1.96B | $1.8B | $2.42B | $2.06B | $1.99B | $1.84B | $1.83B | $2.51B | $1.59B | $1.48B | $1.51B | $1.47B |
| Capital Expenditure | -$1.13B | -$1.03B | -$945.68M | -$974.7M | -$1.16B | -$1.07B | -$1.06B | -$1.05B | -$1.08B | -$1.03B | -$1.05B | -$1.1B | -$1.14B | -$1.09B | -$988.1M | -$928.93M | -$780.43M | -$788.25M | -$810.58M | -$772.62M | -$676.84M | -$695.96M | -$1.82B | -$673.51M | -$824.43M | -$893.96M | -$786.68M | -$792.82M | -$880.51M |
| Free Cash Flow | $2.92B | $3.25B | $2.9B | $2.33B | $2.71B | $2.24B | $2.78B | $2.42B | $2.22B | $1.93B | $1.6B | $1.35B | $1.49B | $2.1B | $1.92B | $1.84B | $1.45B | $1.17B | $988.1M | $1.65B | $1.38B | $1.3B | $24.82M | $1.16B | $1.68B | $697.82M | $696.81M | $721.9M | $594.48M |
| Cash at Beginning | $1.45B | $1.23B | $1.17B | $735.77M | $662.08M | $719.03M | $936.74M | $712.33M | $621.89M | $579.46M | $982.52M | $1.08B | $1.42B | $1.15B | $1.18B | $719.03M | $659.85M | $611.84M | $731.31M | $643.1M | $520.36M | $503.23M | $632.99M | $796.93M | $612.36M | $519.5M | $414.98M | $512.27M | $408.44M |
| Cash at End | $2.21B | $722.38M | $2.64B | $1.17B | $735.77M | $662.08M | $719.03M | $936.74M | $712.33M | $621.89M | $579.46M | $982.52M | $1.08B | $1.42B | $1.15B | $1.18B | $719.03M | $659.85M | $611.84M | $731.31M | $642.9M | $519.7M | $502.67M | $635.2M | $796.83M | $613.41M | $519.28M | $414.31M | $507.7M |