EDP Renewables S.A./ADR (EDRVY)
EDP Renováveis, S.A. (EDRVY) is a prominent entity in the clean energy sector, specializing in the entire lifecycle of electricity generation. The company handles everything from the conceptualization and construction to the ongoing operation and maintenance of its power facilities. Its primary focus is on harnessing wind and solar power, operating numerous wind and solar farms across various geographies. As of December 31, 2021, its operational capacity reached impressive figures across several key regions: the United States accounted for 5,908 megawatts, Spain for 2,194 megawatts, Portugal for 1,142 megawatts, and Brazil for 795 megawatts. Established in 2007, the company maintains its corporate headquarters in Madrid, Spain. EDP Renováveis, S.A. functions as a key subsidiary of EDP-Energias de Portugal, S.A.
Sector: American Depositary Receipts
Industry: Renewable Utilities
EDP Renováveis, S.A.
OTC:EDRVYUtilities · Renewable Utilities
+0.93%$27.06
Mkt Cap-
Float303.96M
O/S-
Inst Own-
SI<0.1%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$2.89B
Net Income$232.12M
Total Assets$33.99B
Free Cash Flow-$1.83B
Debt & Equity
Debt 50%
Equity 50%
Total Debt$11.5B
Total Equity$11.49B
Shares Outstanding
Short Interest
Split History4 splits
- 1.0:1Forward splitMay 21, 20261 share → 1.0
- 1.0:1Forward splitApr 28, 20251 share → 1.0
- 1.0:1Forward splitMay 17, 20241 share → 1.0
- 1.0:1Forward splitMay 17, 20231 share → 1.0
Balance Sheet Details
Assets$33.99B
Liabilities$20.37B
Accounts Receivable$3.07B
Accounts Payable$1.55B
Inventory$296.3M
PP&E (Net)$24.29B
Goodwill$2.4B
Intangible Assets$361.22M
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | 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 |
| Revenue | $2.89B | $2.26B | $2.25B | $2.39B | $1.77B | $1.71B | $1.84B | $1.69B | $1.79B | $1.63B | $1.51B | $1.29B | $1.33B | $1.3B | $1.07B | $945.45M | $725.25M | $595.68M | $353.31M |
| YoY Growth | 28.0% | 0.4% | -6.1% | 35.3% | 3.4% | -6.9% | 8.6% | -5.6% | 10.2% | 7.7% | 17.0% | -3.2% | 2.9% | 21.0% | 13.3% | 30.4% | 21.8% | 68.6% | - |
| Cost of Revenue | $1.92B | $504.89M | $493.24M | $448.08M | $343.3M | $314.88M | $321.91M | $319.09M | $301.04M | $279.61M | $274.9M | $242.24M | $238.84M | $247.41M | $251.81M | $4.94M | $167.63M | $13.7M | $22.19M |
| Gross Profit | $973.63M | $1.75B | $1.75B | $1.94B | $1.42B | $1.4B | $1.52B | $1.37B | $1.49B | $1.35B | $1.24B | $1.05B | $1.09B | $1.05B | $819.13M | $940.51M | $557.63M | $581.98M | $331.12M |
| Gross Margin | 33.7% | 77.6% | 78.0% | 81.3% | 80.6% | 81.6% | 82.5% | 81.1% | 83.2% | 82.8% | 81.8% | 81.2% | 82.1% | 80.9% | 76.5% | 99.5% | 76.9% | 97.7% | 93.7% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $0 | $337.43M | $310.87M | $314.72M | $226.74M | $183.75M | $171.77M | $195.46M | $177.41M | $166.38M | $146.89M | $118.84M | $121.01M | $115.6M | $0 | $0 | $0 | $0 | $0 |
| Other | $2.15M | $1.42B | $463.77M | $49.98M | -$89.78M | $32.79M | $159.21M | $333.31M | $414.89M | $0 | $0 | $0 | $0 | $0 | $11.75M | $616.16M | $294.36M | $322.85M | $207.1M |
| Total Operating Expenses | $2.15M | $1.76B | $774.64M | $364.7M | $136.96M | $216.53M | $330.98M | $528.76M | $592.3M | $166.38M | $146.89M | $118.84M | $627.54M | $615.22M | $430.35M | $616.16M | $294.36M | $322.85M | $207.1M |
| Operating Income (EBIT) | $971.48M | -$10.25M | $978.44M | $1.58B | $1.29B | $1.18B | $1.18B | $843.24M | $898.55M | $1.18B | $1.09B | $929.04M | $356.62M | $386.62M | $388.78M | $324.35M | $263.27M | $259.13M | $124.02M |
| Operating Margin | 33.6% | -0.5% | 43.6% | 66.0% | 72.8% | 68.9% | 64.5% | 49.9% | 50.1% | 72.6% | 72.1% | 72.0% | 26.8% | 29.8% | 36.3% | 34.3% | 36.3% | 43.5% | 35.1% |
| Interest Expense | $438.12M | $480.2M | $478.35M | $498.8M | $319.37M | $350.74M | $414.56M | $353.82M | $339.38M | $355.76M | $333.04M | $298.84M | $326.18M | $329.22M | $342M | $244.4M | $121M | $389.48M | $5.51M |
| Interest Income | $124.28M | $134.46M | $119.11M | $60.69M | $13.99M | $0 | $24.97M | $15.76M | $7.51M | $8.96M | $30.51M | $29.71M | $32.92M | $24.9M | $68.87M | $49.57M | $39.96M | $303.08M | $25.2M |
| Other Income (Expense) | -$459.95M | -$417.06M | -$350.42M | -$502.46M | -$278.13M | -$318.92M | -$390.97M | -$244M | -$334.38M | -$940.8M | -$762.77M | -$711.67M | -$103.73M | -$182.9M | -$252.31M | -$194.83M | -$80.74M | -$90.47M | -$3.22M |
| Income Before Tax (EBT) | $511.53M | -$427.31M | $628.02M | $1.08B | $1.01B | $860.28M | $793.35M | $599.24M | $564.17M | $239.07M | $325.39M | $217.37M | $252.89M | $203.72M | $132.76M | $135.15M | $181.85M | $180.35M | $10.56M |
| Income Tax Expense | $180.54M | $24.06M | $114M | $162.56M | $104.06M | $96.31M | $96.71M | $70.98M | $53.77M | $42.03M | $50.73M | $18.35M | $63.67M | $51.51M | $31.37M | $42.24M | $50.07M | $54.8M | $3.42M |
| Net Income | $232.12M | -$622.25M | $345.72M | $689.44M | $733.31M | $621.69M | $531.57M | $350.59M | $308.67M | $63.02M | $186.41M | $140.98M | $151.17M | $141.27M | $101.39M | $89.73M | $131.78M | $125.55M | $4.5M |
| Net Income Margin | 8.0% | -27.6% | 15.4% | 28.8% | 41.5% | 36.3% | 28.9% | 20.7% | 17.2% | 3.9% | 12.3% | 10.9% | 11.3% | 10.9% | 9.5% | 9.5% | 18.2% | 21.1% | 1.3% |
| Supplementary Data | |||||||||||||||||||
| EPS | 0.40 | -1.08 | 0.62 | 1.28 | 1.40 | 1.28 | 1.08 | 0.72 | 0.64 | 0.12 | 0.38 | 0.28 | 0.30 | 0.28 | 0.20 | 0.18 | 0.26 | 0.24 | 0.00 |
| Diluted EPS | 0.40 | -1.08 | 0.62 | 1.28 | 1.38 | 1.26 | 1.08 | 0.70 | 0.64 | 0.12 | 0.38 | 0.28 | 0.30 | 0.28 | 0.20 | 0.18 | 0.26 | 0.24 | 0.00 |
| Weighted Average OS | 525.49M | 517.28M | 505.67M | 480.28M | 467.41M | 436.15M | 436.15M | 436.15M | 436.15M | 436.15M | 436.15M | 441.97M | 441.97M | 441.97M | 441.97M | 441.97M | 441.97M | 441.97M | 441.97M |
| EBITDA | $1.99B | $1.07B | $1.12B | $1.42B | $1.18B | $1.16B | $1.33B | $1.15B | $1.25B | $1.05B | $982.92M | $842.38M | $880.65M | $909.19M | $940.01M | $852.8M | $654.54M | $801.49M | $14.27M |
| EBITDA Margin | 68.8% | 47.5% | 49.6% | 59.5% | 67.0% | 68.0% | 72.3% | 68.2% | 69.7% | 64.9% | 65.1% | 65.3% | 66.1% | 70.2% | 87.8% | 90.2% | 90.3% | 134.6% | 4.0% |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | 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 |
| Assets | |||||||||||||||||||
| Current Assets | |||||||||||||||||||
| Cash and Cash Equivalents | $1.42B | $1.34B | $1.53B | $1.31B | $1.12B | $492.38M | $582.67M | $524.29M | $320.63M | $539.6M | $446.05M | $324.19M | $296.67M | $274.97M | $246.05M | $474.04M | $496.34M | $256.97M | $434.64M |
| Short-Term Investments | $0 | $23.05M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $85K | $435K | $236K | $39.99M | $41.51M | $40.02M | $50.17M |
| Cash and Short-Term Investments | $1.42B | $1.36B | $1.53B | $1.31B | $1.12B | $530.74M | $582.67M | $524.29M | $320.63M | $539.6M | $446.05M | $324.19M | $296.75M | $275.4M | $246.28M | $514.03M | $537.85M | $296.99M | $484.81M |
| Accounts Receivable | $3.07B | $1.24B | $943.46M | $1.26B | $858.47M | $879.49M | $355.26M | $423.26M | $491.75M | $453.45M | $252.06M | $586.47M | $518.41M | $7.31M | $648.35M | $802.62M | $682.26M | $504.37M | $290.45M |
| Inventory | $296.3M | $308.64M | $284.47M | $333.02M | $245.92M | $61.01M | $37.39M | $38.75M | $30.45M | $25.25M | $22.3M | $18.97M | $14.03M | $11.93M | $26.57M | $27.03M | $12.69M | $13.85M | $43.66M |
| Other Current Assets | -$1.34B | $610.73M | $1.23B | $1.02B | $1.31B | $227.54M | $778.54M | $403.86M | $135.43M | $53.24M | $122.72M | $0 | $6.77M | $661.2M | $16.72M | $0 | $2.25M | $1.1M | $1K |
| Total Current Assets | $3.58B | $3.52B | $4.03B | $3.98B | $3.59B | $1.71B | $1.76B | $1.51B | $1.11B | $1.24B | $1.14B | $1.09B | $868.81M | $1.05B | $996.35M | $1.41B | $1.24B | $819.32M | $818.92M |
| Long-Term Assets | |||||||||||||||||||
| Property, Plant & Equipment Net | $24.29B | $24.64B | $23.7B | $21.12B | $17.04B | $15.85B | $15.53B | $15.58B | $14.75B | $15.03B | $14.11B | $12.32B | $11.59B | $11.79B | $11.7B | $11.17B | $9.66B | $7.89B | $5.41B |
| Goodwill | $2.4B | $2.55B | $2.5B | $2.61B | $1.42B | $1.37B | $1.34B | $1.48B | $1.45B | $1.55B | $1.52B | $1.44B | $1.4B | $1.46B | $1.47B | $1.5B | $1.47B | $1.54B | $0 |
| Intangible Assets | $361.22M | $1.46B | $425M | $426.09M | $354M | $351.56M | $324.81M | $280.42M | $279.16M | $235.16M | $192.58M | $131.69M | $100.46M | $27.87M | $24.41M | $25.43M | $19.4M | $25.07M | $290.45M |
| Long-Term Investments | $1.3B | $1.29B | $1.24B | $1.75B | $1.41B | $612.81M | $696.65M | $478.59M | $445.62M | $515.02M | $492.58M | $420.81M | $80.57M | $63.2M | $68.01M | $31.89M | $25.88M | $19.59M | -$5.15M |
| Deferred Tax Assets | $865.58M | $895.39M | $695.34M | $699.65M | $371.22M | $136.68M | $141.16M | $195.22M | $72.14M | $84.85M | $52.68M | $52.01M | $124.25M | $100M | $62.16M | $43.1M | $31.4M | $24.43M | $18.71M |
| Other Long-Term Assets | $1.21B | $1.06B | $1.72B | $181.26M | $635.61M | $288.55M | $1K | $95.56M | $40.04M | $67.5M | $89.85M | $563.62M | $501.05M | $397.39M | $293.9M | $177.95M | $186.34M | $198.38M | $160.43M |
| Total Long-Term Assets | $30.42B | $31.9B | $29.58B | $26.78B | $21.23B | $18.61B | $18.03B | $18.11B | $17.04B | $17.49B | $16.46B | $14.93B | $13.8B | $13.83B | $13.61B | $12.95B | $11.4B | $9.69B | $7B |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $33.99B | $35.42B | $33.62B | $30.76B | $24.65B | $20.32B | $19.79B | $19.62B | $18.15B | $18.72B | $17.61B | $16.02B | $14.67B | $14.88B | $14.61B | $14.36B | $12.64B | $10.51B | $7.82B |
| Liabilities | |||||||||||||||||||
| Current Liabilities | |||||||||||||||||||
| Accounts Payable | $1.55B | $2.23B | $3.23B | $2.95B | $1.69B | $1.38B | $1.32B | $1.24B | $685.52M | $837.96M | $811.84M | $713.14M | $445.87M | $785.75M | $744.28M | $821.63M | $1.23B | $725.36M | $445.5M |
| Short-Term Debt | $2.44B | $1.81B | $1.35B | $1.46B | $814.05M | $605.88M | $953.48M | $680.92M | $536.23M | $189.72M | $465.57M | $240.11M | $221.19M | $243.04M | $151.1M | $232.32M | $123.37M | $96.4M | $578.92M |
| Current Income Tax Payable | $0 | $220.19M | $67.46M | $263.37M | $214.76M | $122.86M | $103.86M | $97.11M | $100.98M | $98.95M | $71.92M | $63.44M | $110.37M | $63.6M | $57.52M | $54.54M | $41.55M | $51.76M | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $97.11M | -$506.38M | -$645.95M | -$650.55M | -$573.24M | -$259.14M | -$584.79M | $57.52M | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $234.71M | $268.46M | $608.5M | $725.14M | $959.24M | $35.72M | $93.5M | $93.59M | $370.02M | $219.25M | $239.96M | $246.81M | $576.55M | $167.53M | $144.98M | $0 | $0 | $0 | $0 |
| Total Current Liabilities | $4.85B | $5.13B | $6.06B | $6.1B | $4.03B | $2.38B | $2.75B | $2.52B | $1.78B | $1.43B | $1.68B | $1.34B | $962.33M | $1.27B | $1.21B | $1.45B | $1.39B | $873.51M | $1.04B |
| Long-Term Liabilities | |||||||||||||||||||
| Long-Term Debt | $8.05B | $8.84B | $6.84B | $5.54B | $3.89B | $4.03B | $3.14B | $4.03B | $3.14B | $3.68B | $4.29B | $4.16B | $3.96B | $4.09B | $4.13B | $3.72B | $2.87B | $1.54B | $2.65B |
| Long-Term Unearned Revenue | $1.9B | $1.7B | $864.37M | $893.21M | $818.48M | $894.03M | $1.12B | $1.08B | $1.02B | $916.52M | $885.47M | $822.61M | $752.01M | $825.22M | $517.31M | $903.85M | $0 | $0 | $529.85M |
| Long-Term Deferred Tax Liabilities | $1.05B | $1.04B | $958.92M | $714.12M | $508.57M | $477.84M | $397.72M | $518.07M | $397.86M | $408.46M | $354.1M | $302.51M | $428.87M | $425.81M | $426.79M | $415.75M | $383.66M | $339.37M | $311.55M |
| Other Long-Term Liabilities | $3.6B | $4.24B | $3.36B | $4.6B | $3.29B | $2.18B | $2.42B | $2.39B | $2.98B | $3.81B | $2.76B | $2.31B | $1.75B | $1.84B | $2.22B | $1.84B | $2.03B | $1.95B | $807.48M |
| Total Long-Term Liabilities | $15.53B | $16.9B | $13.07B | $12.83B | $9.23B | $8.29B | $7.72B | $8.02B | $7.54B | $8.82B | $8.28B | $7.59B | $6.89B | $7.18B | $7.3B | $6.88B | $5.28B | $3.83B | $4.29B |
| Other Liabilities | $0 | $0 | $327.92M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $20.37B | $22.02B | $19.46B | $18.93B | $13.27B | $10.67B | $10.47B | $10.53B | $9.32B | $10.25B | $9.96B | $8.93B | $7.86B | $8.45B | $8.51B | $8.33B | $6.68B | $4.71B | $5.34B |
| Stockholders' Equity | |||||||||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $778.49M | $0 | $54.43M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $5.88B | $5.82B | $5.73B | $5.37B | $5.37B | $4.88B | $4.88B | $4.88B | $4.88B | $4.88B | $4.88B | $4.88B | $4.88B | $4.88B | $4.88B | $4.88B | $4.88B | $4.88B | $21.12M |
| Retained Earnings | $3.72B | -$622.25M | $4.28B | $3.94B | $3.36B | $2.93B | $2.44B | $1.98B | $1.73B | $1.38B | $186.41M | $140.98M | $151.17M | $141.27M | $99.13M | $89.73M | $127.93M | $116.76M | $4.5M |
| Comprehensive Income & Other | -$532.6M | $140.99M | -$218.9M | -$1.07B | -$1.02B | -$274.12M | -$54.43M | -$6.35B | -$5.62B | -$5.29B | -$4.5B | -$3.52B | -$2.97B | -$2.51B | -$1.97B | -$1.46B | -$919.59M | $0 | $0 |
| Other Stockholders' Equity | $1.89B | $6.78B | $2.37B | $786.25M | $1.08B | $411.37M | $478.2M | $424.6M | $478.06M | $595.63M | $1.61B | $1.45B | $1.31B | $1.05B | $981.21M | $924.38M | $832.58M | $717.66M | $2.25B |
| Total Equity | $11.49B | $11.97B | $12.38B | $10.1B | $9.81B | $8.22B | $7.8B | $7.28B | $7.09B | $6.85B | $6.68B | $6.47B | $6.35B | $6.07B | $5.96B | $5.89B | $5.84B | $5.71B | $2.28B |
| Minority Interest | $2.13B | $1.42B | $1.78B | $1.73B | $1.58B | $1.43B | $1.52B | $1.81B | $1.75B | $1.62B | $965.65M | $614.35M | $467.92M | $363.8M | $141.59M | $140.46M | $120.26M | $92.58M | $206.38M |
| Total Liabilities and Equity | $31.86B | $34B | $31.84B | $29.03B | $23.07B | $18.89B | $18.27B | $17.82B | $16.41B | $17.1B | $16.64B | $15.4B | $14.2B | $14.52B | $14.47B | $14.22B | $12.52B | $10.42B | $7.61B |
| Supplementary Data | |||||||||||||||||||
| Total Debt | $11.5B | $10.64B | $9.32B | $8.17B | $5.48B | $5.41B | $4.79B | $4.27B | $3.68B | $3.87B | $4.75B | $4.4B | $4.19B | $4.33B | $4.28B | $3.95B | $2.99B | $1.64B | $3.23B |
| Net Debt | $10.09B | $9.31B | $7.79B | $6.86B | $4.36B | $4.92B | $4.21B | $3.75B | $3.36B | $3.33B | $4.31B | $4.07B | $3.89B | $4.06B | $4.03B | $3.48B | $2.49B | $1.38B | $2.79B |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | 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 |
| Operating Activities | |||||||||||||||||||
| Net Income | $231.91M | -$673.08M | $345.72M | $224.02M | $733.31M | $621.69M | $531.57M | $350.59M | $308.67M | $63.02M | $186.41M | $140.98M | $151.17M | $141.27M | $101.39M | $89.73M | $131.78M | $125.55M | $4.5M |
| Depreciation & Amortization | $1.02B | $985.29M | $871.52M | $811.42M | $698.14M | $704.32M | $665.68M | $621.19M | $594.8M | $694.9M | $632.97M | $528.62M | $524.03M | $522.57M | $507.38M | $486.01M | $351.69M | $231.67M | $140.62M |
| Deferred Income Tax | $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 |
| Changes in Working Capital: | |||||||||||||||||||
| Accounts Receivable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Working Capital Change | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Non-Cash Items | -$85.54M | $441.54M | -$272.3M | $137.92M | -$523.56M | -$310.5M | $22.08M | -$971.79M | $194.39M | -$757.92M | -$819.37M | -$669.59M | $108.09M | $81.64M | -$608.77M | -$575.74M | -$483.47M | -$357.22M | -$145.12M |
| Net Cash from Operating | $1.16B | $753.75M | $944.95M | $1.17B | $907.89M | $1.02B | $1.22B | $1.1B | $1.1B | $971.89M | $784.77M | $791.09M | $783.29M | $745.47M | $718.86M | $634.86M | $439.05M | $334.54M | $0 |
| Investing Activities | |||||||||||||||||||
| Capital Expenditures | -$2.99B | -$4.68B | -$4.6B | -$2.63B | -$2.65B | -$1.73B | -$1.35B | -$1.01B | -$1.16B | -$1.14B | -$980.5M | -$600.37M | -$905.9M | -$684.71M | -$998.43M | -$1.59B | -$1.94B | -$2.15B | -$159.41M |
| Acquisitions | $467.01M | $423.54M | -$40.21M | $342.57M | $590.25M | $551.14M | $543.6M | $252.86M | -$12.88M | -$59.02M | -$178.24M | -$22.14M | -$52.28M | -$32.31M | -$294.18M | -$66.65M | -$132.94M | $8.01M | $2.95M |
| Purchases of Investments | $0 | -$157.15M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $57.03M | $12.31M | $0 | -$101.03M | -$558K |
| Sales of Investments | $0 | $55.1M | $25.61M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $12.43M | $74.56M | $24.25M | $2.01M | $18.93M | $2.07M |
| Other Investing Activities | $314.69M | $390.42M | $1.55B | $139.6M | -$131.09M | -$651.97M | $174.31M | $101.2M | $58.18M | $46.97M | $323.61M | -$61.65M | -$30.59M | $30.1M | $677K | $143K | $13.58M | $57.39M | -$44K |
| Net Cash from Investing | -$2.21B | -$3.96B | -$3.07B | -$2.15B | -$2.19B | -$1.83B | -$635.52M | -$657.03M | -$1.12B | -$1.15B | -$835.13M | -$684.16M | -$988.77M | -$674.49M | -$1.16B | -$1.62B | -$2.05B | -$2.16B | -$154.99M |
| Financing Activities | |||||||||||||||||||
| Debt Repaid | -$168.26M | -$2.42B | -$1.28B | -$2.02B | $107.31M | -$1.22B | $42.43M | -$550.92M | $189.84M | $502.44M | $50.74M | -$56.17M | -$17.26M | $4.94M | -$165.57M | -$600.95M | -$1.34B | $353.38M | -$54.72M |
| Common Stock Issuance | $0 | $0 | $1.07B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $29.67M | $6.56M | $5.57M | $23.21M | $1.72B | $17K |
| Common Stock Repurchases | $0 | -$76.15M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | -$45.19M | -$57.17M | -$74.28M | -$173.47M | -$127.64M | -$119.3M | -$110.41M | -$126.37M | -$103.32M | -$94.79M | -$87.35M | -$75.95M | -$57.74M | -$5.38M | -$8.24M | -$1.52M | -$3.58M | -$3.09M | $0 |
| Other Financing Activities | $1.01B | $720.5M | $73.46M | -$765.87M | $2.15B | -$342.09M | -$287.58M | -$436.74M | $147.58M | $942.63M | $262.11M | $23.35M | $275.43M | -$55.74M | $158.7M | $189.96M | $540.47M | $373M | $248.3M |
| Net Cash from Financing | $1.13B | $3.01B | $2.39B | $1.08B | $1.87B | $754.64M | -$558.59M | -$264.31M | -$145.58M | $345.39M | $124.02M | $3.58M | $234.95M | -$36.38M | $139.01M | $925.63M | $1.85B | $1.65B | $303.04M |
| Forex Effect | -$81.19M | $2.78M | -$41.07M | $80.8M | $7.21M | -$58.38M | $8.59M | $2M | -$77.9M | $21.28M | $2.54M | $16.1M | -$7.78M | -$5.61M | -$11.6M | $37.53M | $6.27M | $826K | -$301K |
| Net Change in Cash | $3.67M | -$197.15M | $223.58M | $188.12M | $592.29M | -$120.13M | $33.81M | $182.9M | -$240.72M | $186.27M | $76.2M | $126.6M | $21.7M | $28.99M | -$314.07M | -$22.3M | $239.37M | -$177.68M | $147.75M |
| Supplementary Data | |||||||||||||||||||
| Operating Cash Flow | $1.16B | $753.75M | $944.95M | $1.49B | $907.89M | $1.02B | $1.22B | $1.1B | $1.1B | $971.89M | $784.77M | $791.09M | $783.29M | $745.47M | $718.86M | $634.86M | $439.05M | $334.54M | $0 |
| Capital Expenditure | -$2.99B | -$4.68B | -$4.6B | -$2.63B | -$2.65B | -$1.73B | -$1.35B | -$1.01B | -$1.16B | -$1.14B | -$980.5M | -$600.37M | -$905.9M | -$684.71M | -$998.43M | -$1.59B | -$1.94B | -$2.15B | -$159.41M |
| Free Cash Flow | -$1.83B | -$3.92B | -$3.66B | -$1.14B | -$1.75B | -$715.56M | -$134.11M | $91.15M | -$62.54M | -$168.35M | -$195.73M | $190.73M | -$122.61M | $60.76M | -$279.56M | -$955.51M | -$1.5B | -$1.81B | -$159.41M |
| Cash at Beginning | $1.34B | $1.53B | $1.31B | $1.12B | $530.74M | $650.87M | $617.07M | $434.16M | $674.88M | $488.62M | $412.42M | $285.81M | $275.04M | $246.05M | $560.11M | $496.34M | $256.97M | $434.64M | $286.9M |
| Cash at End | $1.34B | $1.34B | $1.53B | $1.31B | $1.12B | $530.74M | $650.87M | $617.07M | $434.16M | $674.88M | $488.62M | $412.42M | $296.74M | $275.04M | $246.05M | $474.04M | $496.34M | $256.97M | $434.64M |