GREAT-WEST LIFECO INC. (GWLIF)
Great-West Lifeco Inc. is a financial services holding company with a significant presence across Canada, the United States, and Europe. Its core activities encompass life and health insurance, retirement and investment services, asset management, and reinsurance. The company provides a broad spectrum of financial and benefit plan solutions designed for individuals, families, businesses, and various organizations. These offerings include comprehensive insurance products, such as life, disability, critical illness, accidental death, dismemberment, health, dental, and creditor coverage, alongside retirement savings, income solutions, annuities, and other specialized financial products. The firm also administers employer-sponsored retirement savings plans, individual retirement accounts, and taxable brokerage accounts, complemented by enrollment services, communication materials, diverse investment options, and educational support. Additionally, Great-West Lifeco offers expert fund management, investment, and advisory services. It extends its offerings to private-label recordkeeping and administrative services, presenting a suite of investment products that incorporate equity, fixed income, absolute return, and alternative strategies. Within protection and wealth management, it furnishes payout annuities and pension products, while its reinsurance activities cover life, annuity/longevity, mortgage surety, and property catastrophe risks. Great-West Lifeco markets its products under prominent brands including Canada Life, Irish Life, Empower, Putnam Investments, and PanAgora. Its extensive distribution network encompasses advisors, dealers, brokers, managing general agencies, financial institutions, consultants, third-party administrators, its dedicated sales force, financial planners, employee benefit consultants, banks, and multi-tied agents. Established in 1891 and headquartered in Winnipeg, Canada, Great-West Lifeco Inc. operates as a subsidiary of Power Financial Corporation.
Sector: Life Insurance
Industry: Insurance - Life
Great-West Lifeco Inc.
OTC:GWLIFFinancial Services · Insurance - Life
+1.01%$64.87
Mkt Cap$56.66B
Float261.18M
O/S873.43M
Inst Own-
SI1.3%
Div Yield2.92%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$27.87B
Net Income$2.94B
Total Assets$615.06B
Free Cash Flow$1.93B
Debt & Equity
Debt 29%
Equity 65%
Preferred 6%
Total Debt$9.56B
Total Equity$21.28B
Preferred Stock$2.08B
Shares Outstanding
Short Interest
Split History1 split
- 2:1Forward splitOct 4, 20041 share → 2
Balance Sheet Details
Assets$615.06B
Liabilities$591.53B
Accounts Receivable$17.34B
Accounts Payable$2.84B
Inventory$0
PP&E (Net)$1.07B
Goodwill$8.04B
Intangible Assets$4.36B
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 | FY 1996 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 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 | 1996-12-31 |
| Revenue | $27.87B | $24.75B | $26.18B | -$1.92B | $45.94B | $43.2B | $31.9B | $31.39B | $33.59B | $33.06B | $24.11B | $27.93B | $18.85B | $21.81B | $21.31B | $21.46B | $21.77B | $24.19B | $18.48B | $18.16B | $17.02B | $15.59B | $9.57B | $11.86B | $11.44B | $10.88B | $9.5B | $9.81B | $5.33B | $4.33B |
| YoY Growth | 12.6% | -5.5% | -1463.9% | -104.2% | 6.3% | 35.4% | 1.6% | -6.5% | 1.6% | 37.1% | -13.7% | 48.2% | -13.6% | 2.3% | -0.7% | -1.4% | -10.0% | 30.9% | 1.7% | 6.7% | 9.1% | 62.9% | -19.3% | 3.6% | 5.1% | 14.5% | -3.1% | 84.0% | 23.0% | - |
| Cost of Revenue | $18.52B | $15.21B | $18.26B | -$9.8B | $36.72B | $35.2B | $24.21B | $23.44B | $26.01B | $25.5B | $16.81B | $21.21B | $13.05B | $16.62B | $16.51B | -$10.94B | -$11.81B | $11.96B | $11.54B | $11.51B | $915.28M | $913.15M | $655.1M | $511.82M | $496.14M | $494.71M | $428.42M | $383.51M | $211M | $187.48M |
| Gross Profit | $9.36B | $9.54B | $7.93B | $7.88B | $9.22B | $8B | $7.69B | $7.94B | $7.58B | $7.56B | $7.3B | $6.72B | $5.8B | $5.19B | $4.8B | $32.39B | $33.58B | $12.22B | $6.94B | $6.66B | $16.1B | $14.68B | $8.92B | $11.34B | $10.94B | $10.39B | $9.07B | $9.42B | $5.12B | $4.15B |
| Gross Margin | 33.6% | 38.6% | 30.3% | -410.7% | 20.1% | 18.5% | 24.1% | 25.3% | 22.6% | 22.9% | 30.3% | 24.1% | 30.8% | 23.8% | 22.5% | 151.0% | 154.2% | 50.5% | 37.6% | 36.6% | 94.6% | 94.1% | 93.2% | 95.7% | 95.7% | 95.5% | 95.5% | 96.1% | 96.0% | 95.7% |
| 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 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $5.06B | $4.8B | $4.51B | $3.86B | $4.37B | $3.76B | $3.57B | $3.52B | $3.29B | $3.36B | $3.13B | $2.62B | $2.22B | $1.81B | $1.71B | $3.05B | $2.83B | $2.8B | $2.58B | $2.1B | $1.57B | $1.61B | $1.45B | $1.27B | $1.38B | $1.29B | $1.1B | $1.03B | $614.47M | $478.31M |
| Other | $953.07M | $6.22B | $5.79B | $1.13B | $2.09B | $2.05B | $2.06B | $1.96B | $2.34B | $1.81B | $1.7B | $1.69B | $1.6B | $1.55B | $1.51B | $27.95B | $29.27B | $9.15B | $2.47B | $2.83B | $12.76B | $11.41B | $6.11B | $9.06B | $8.81B | $8.2B | $7.17B | $7.68B | $178.21M | $0 |
| Total Operating Expenses | $6.01B | $11.02B | $10.3B | $4.99B | $6.46B | $5.81B | $5.64B | $5.48B | $5.63B | $5.17B | $4.82B | $4.31B | $3.82B | $3.36B | $3.23B | $30.99B | $32.1B | $11.96B | $5.05B | $4.93B | $14.33B | $13.02B | $7.56B | $10.33B | $10.19B | $9.49B | $8.28B | $8.71B | $792.68M | $478.31M |
| Operating Income (EBIT) | $3.35B | -$1.47B | -$2.38B | $2.9B | $2.76B | $2.19B | $2.05B | $2.47B | $1.95B | $2.39B | $2.47B | $2.42B | $1.98B | $1.83B | $1.57B | $1.4B | $1.48B | $267.31M | $1.89B | $1.73B | $1.77B | $1.65B | $1.36B | $1.02B | $750.62M | $893.19M | $796.95M | $712.84M | $4.33B | $3.67B |
| Operating Margin | 12.0% | -6.0% | -9.1% | -150.9% | 6.0% | 5.1% | 6.4% | 7.9% | 5.8% | 7.2% | 10.3% | 8.6% | 10.5% | 8.4% | 7.4% | 6.5% | 6.8% | 1.1% | 10.2% | 9.5% | 10.4% | 10.6% | 14.2% | 8.6% | 6.6% | 8.2% | 8.4% | 7.3% | 81.2% | 84.6% |
| Interest Expense | $269.95M | $278.01M | $292.26M | $270.17M | $238.09M | $206.01M | $205.3M | $144.71M | $193.18M | $196.03M | $196.74M | $198.88M | $191.75M | $196.74M | $191.75M | $205.3M | $239.51M | $211M | $191.75M | $143.99M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Interest Income | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | $0 | $5.03B | $4.56B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $354.99M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$4.13B | -$3.36B |
| Income Before Tax (EBT) | $3.35B | $3.55B | $2.19B | $2.9B | $2.76B | $2.19B | $2.05B | $2.47B | $1.95B | $2.39B | $2.47B | $2.42B | $1.98B | $1.83B | $1.93B | $1.4B | $1.48B | $267.31M | $1.89B | $1.73B | $1.77B | $1.65B | $1.36B | $1.02B | $750.62M | $893.19M | $796.95M | $712.84M | $197.46M | $312.22M |
| Income Tax Expense | $380.66M | $525.36M | $37.78M | $280.86M | $216.7M | -$58.45M | $265.89M | $275.87M | $300.82M | $282.28M | $327.91M | $447.66M | $330.04M | $259.47M | $331.47M | $182.49M | $245.93M | -$198.17M | $414.87M | $372.1M | $428.42M | $403.47M | $392.06M | $306.52M | $283M | $321.49M | $260.9M | $257.33M | $19.25M | $106.21M |
| Net Income | $2.94B | $2.9B | $2.04B | $2.66B | $2.33B | $2.19B | $1.78B | $2.21B | $1.62B | $1.97B | $2.06B | $1.9B | $1.72B | $1.37B | $1.51B | $1.21B | $1.21B | $1.04B | $1.5B | $1.37B | $1.27B | $1.15B | $881.07M | $685.75M | $389.21M | $480.45M | $405.61M | $337.17M | $178.21M | $206.01M |
| Net Income Margin | 10.5% | 11.7% | 7.8% | -138.4% | 5.1% | 5.1% | 5.6% | 7.0% | 4.8% | 6.0% | 8.5% | 6.8% | 9.1% | 6.3% | 7.1% | 5.7% | 5.6% | 4.3% | 8.1% | 7.6% | 7.4% | 7.4% | 9.2% | 5.8% | 3.4% | 4.4% | 4.3% | 3.4% | 3.3% | 4.8% |
| Supplementary Data | ||||||||||||||||||||||||||||||
| EPS | 4.29 | 4.21 | 2.93 | 3.86 | 3.37 | 3.17 | 2.49 | 3.13 | 2.17 | 2.67 | 2.77 | 2.55 | 2.34 | 1.90 | 2.13 | 1.70 | 1.72 | 1.56 | 2.30 | 2.10 | 1.96 | 1.79 | 1.48 | 1.26 | 0.69 | 0.86 | 0.72 | 0.59 | 0.34 | 0.42 |
| Diluted EPS | 4.26 | 4.21 | 2.93 | 3.86 | 3.36 | 3.17 | 2.49 | 3.13 | 2.17 | 2.66 | 2.77 | 2.55 | 2.30 | 1.89 | 2.11 | 1.70 | 1.72 | 1.55 | 2.29 | 2.09 | 1.94 | 1.78 | 1.46 | 1.25 | 0.68 | 0.84 | 0.72 | 0.59 | 0.34 | 0.42 |
| Weighted Average OS | 924.04M | 934.79M | 933.53M | 931.68M | 929.46M | 927.67M | 946.00M | 988.59M | 989.18M | 989.99M | 995.61M | 998.61M | 973.58M | 949.91M | 949.32M | 947.49M | 944.33M | 894.85M | 892.23M | 891.05M | 891.05M | 891.86M | 810.17M | 735.97M | 742.61M | 746.81M | 749.65M | 747.01M | 644.12M | 624.10M |
| EBITDA | $4.02B | $4.22B | $2.84B | $3.53B | $3.37B | $2.71B | $2.56B | $2.83B | $2.32B | $2.77B | $2.83B | $2.76B | $2.29B | $2.08B | $2.22B | $1.67B | $1.79B | $537.48M | $2.1B | $1.88B | $1.77B | $1.65B | $1.36B | $1.02B | $797.67M | $939.52M | $839.72M | $754.18M | $4.33B | $3.67B |
| EBITDA Margin | 14.4% | 17.1% | 10.8% | -184.1% | 7.3% | 6.3% | 8.0% | 9.0% | 6.9% | 8.4% | 11.7% | 9.9% | 12.2% | 9.5% | 10.4% | 7.8% | 8.2% | 2.2% | 11.4% | 10.4% | 10.4% | 10.6% | 14.2% | 8.6% | 7.0% | 8.6% | 8.8% | 7.7% | 81.3% | 84.6% |
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 | FY 1996 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 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 | 1996-12-31 |
| Assets | ||||||||||||||||||||||||||||||
| Current Assets | ||||||||||||||||||||||||||||||
| Cash and Cash Equivalents | $5.84B | $6.82B | $5.03B | $4.57B | $3.4B | $5.66B | $3.3B | $2.97B | $2.53B | $2.32B | $2.01B | $1.78B | $1.99B | $1.35B | $1.47B | $1.31B | $2.44B | $2.03B | $2.6B | $2.2B | $2.11B | $1.76B | $1.75B | $650.11M | $596.65M | $527.5M | $521.8M | $541.04M | $0 | $0 |
| Short-Term Investments | $14.4B | $10.79B | $8.79B | $8.86B | $8.88B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $20.24B | $17.61B | $13.82B | $13.43B | $12.28B | $5.66B | $3.3B | $2.97B | $2.53B | $2.32B | $2.01B | $1.78B | $1.99B | $1.35B | $1.47B | $1.31B | $2.44B | $2.03B | $2.6B | $2.2B | $2.11B | $1.76B | $1.75B | $650.11M | $596.65M | $527.5M | $521.8M | $541.04M | $0 | $0 |
| Accounts Receivable | $17.34B | $4.7B | $4.13B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2.42B | $2.3B | $1.94B | $1.82B | $0 | $0 | $0 | $0 | $1.12B | $1.08B | $949.5M | $948.08M | $581.68M | $679.34M | $829.74M | $747.77M | $752.76M | $751.33M | $432.41M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$13.72B | -$13.24B | -$13.4B | -$73.42M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $504.69M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Current Assets | $38.18B | $22.44B | $18.03B | $19.03B | $17.32B | $10.41B | $7.95B | $7.13B | $6.19B | $5.66B | $4.8B | $4.2B | $4.29B | $3.29B | $1.47B | $1.31B | $2.44B | $2.03B | $2.6B | $3.32B | $3.19B | $2.71B | $2.7B | $1.23B | $1.28B | $1.36B | $1.27B | $1.29B | $751.33M | $432.41M |
| Long-Term Assets | ||||||||||||||||||||||||||||||
| Property, Plant & Equipment Net | $1.07B | $1.03B | $979.44M | $1.06B | $1.1B | $1.14B | $1.17B | $840.44M | $719.25M | $679.34M | $677.91M | $603.77M | $570.98M | $476.18M | $447.66M | $399.19M | $0 | $0 | $0 | $187.48M | $864.67M | $1.37B | $1.14B | $903.17M | $906.73M | $863.96M | $788.4M | $764.16M | $1.03B | $453.29M |
| Goodwill | $8.04B | $8.15B | $8.02B | $7.56B | $6.47B | $7.2B | $4.64B | $4.67B | $4.4B | $4.26B | $4.22B | $4.17B | $4.14B | $3.85B | $3.85B | $3.85B | $3.85B | $3.87B | $4.49B | $3.88B | $3.8B | $3.8B | $3.75B | $0 | $1.14B | $1.2B | $1.21B | $1.18B | $0 | $0 |
| Intangible Assets | $4.36B | $3.53B | $3.2B | $4.43B | $3.93B | $3.05B | $2.77B | $2.83B | $2.66B | $2.83B | $2.88B | $2.58B | $2.46B | $2.22B | $2.25B | $2.22B | $2.31B | $2.4B | $2.79B | $1.12B | $1.04B | $1.07B | $996.55M | $1.2B | $0 | $0 | $0 | $0 | $1.23B | $0 |
| Long-Term Investments | $161.68B | $162.9B | $171.79M | $104.25B | $95.8B | $106.43B | $90.17B | $96.23B | $92.52B | $89.78B | $87.97B | $79.41B | $70.46B | $64.12B | $60.43B | $56.25B | $51.74B | $51.29B | $51.05B | $49.91B | $45.14B | $41.6B | $40.92B | $25.2B | $24.21B | $22.43B | $22.24B | $22.54B | $0 | $0 |
| Deferred Tax Assets | $1.63B | $1.47B | $1.32B | $1.05B | $753.47M | $695.02M | $494M | $699.29M | $662.94M | $1.14B | $1.35B | $0 | $0 | $0 | $0 | $61.91B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $400.1B | $372.3B | $490.54B | -$1.05B | -$753.47M | -$695.02M | -$494M | -$699.29M | -$662.94M | -$1.14B | -$1.35B | -$86.77B | -$77.64B | -$70.66B | -$66.98B | -$62.31B | -$57.91B | -$57.56B | -$58.33B | -$55.1B | -$50.84B | -$47.85B | -$46.81B | -$27.3B | -$26.26B | -$24.49B | -$24.24B | -$24.49B | -$2.25B | -$453.29M |
| Total Long-Term Assets | $576.88B | $549.38B | $502.91B | $117.3B | $107.31B | $117.83B | $98.75B | $104.57B | $100.3B | $97.56B | $95.74B | $86.77B | $77.64B | $70.66B | $66.98B | $62.31B | $57.91B | $57.56B | $58.33B | $55.1B | $50.84B | $47.85B | $46.81B | $27.3B | $26.26B | $24.49B | $24.24B | $24.49B | $2.25B | $453.29M |
| Other Assets | $0 | $0 | -$12.53B | $363.7B | $324.81B | $299.81B | $214.91B | $193.17B | $192.78B | $181.86B | $184.55B | $163.31B | $150.39B | $106.91B | $101.76B | $30.13B | $31.16B | $33.13B | $23.46B | $27.45B | $18.79B | $17.76B | $19.96B | $14.29B | $14.64B | $13.9B | $12.45B | $13.23B | $34.12B | $19.08B |
| Total Assets | $615.06B | $571.81B | $508.42B | $500.02B | $449.44B | $428.05B | $321.61B | $304.87B | $299.28B | $285.07B | $285.09B | $254.28B | $232.32B | $180.86B | $170.2B | $93.75B | $91.51B | $92.72B | $84.39B | $85.87B | $72.82B | $68.33B | $69.47B | $42.82B | $42.17B | $39.74B | $37.96B | $39.01B | $37.13B | $19.97B |
| Liabilities | ||||||||||||||||||||||||||||||
| Current Liabilities | ||||||||||||||||||||||||||||||
| Accounts Payable | $2.84B | $2.51B | $2.29B | $1.97B | $1.76B | $1.92B | $2.39B | $2.33B | $1.91B | $1.46B | $1.25B | $1.06B | $1.13B | $896.75M | $963.04M | $106.21M | $132.59M | $136.86M | $116.91M | $1.3B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Short-Term Debt | $461.92M | $372.81M | $310.08M | $820.48M | $794.81M | $1.41B | $575.97M | $664.37M | $615.18M | $623.73M | $674.35M | $693.59M | $685.75M | $529.64M | $528.21M | $0 | $0 | $0 | $0 | $710.7M | $729.23M | $481.88M | $358.56M | $364.26M | $285.14M | $0 | $82.69M | $266.6M | $578.11M | $82.69M |
| Current Income Tax Payable | $354.99M | $209.57M | $97.66M | $106.93M | $137.58M | $244.5M | $328.62M | $286.56M | $330.76M | $391.35M | $350.72M | $525.36M | $699.29M | $462.63M | $340.74M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $441.25M | $323.63M | $362.12M | $308.66M | $225.97M | $103.36M | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $311.51M | $0 | $0 | $0 | -$407.74M | $0 | $0 | $0 | $0 | -$588.09M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $2.59B | -$209.57M | -$2.7B | -$2.89B | -$3.06B | -$3.99B | -$3.71B | -$3.28B | -$2.86B | -$2.44B | -$2.59B | -$2.27B | -$2.51B | -$1.89B | -$1.3B | $2.14M | -$132.59M | -$136.86M | -$116.91M | -$710.7M | -$62.02M | -$481.88M | -$441.25M | -$323.63M | -$362.12M | -$308.66M | -$225.97M | -$103.36M | -$578.11M | -$82.69M |
| Total Current Liabilities | $6.58B | $2.88B | $2.7B | $3.1B | $2.96B | $3.34B | $2.97B | $2.99B | $2.53B | $2.08B | $1.93B | $1.75B | $1.81B | $1.64B | $120.47M | $108.35M | $132.59M | $136.86M | $116.91M | $710.7M | $667.22M | $481.88M | $358.56M | $364.26M | $285.14M | $0 | $82.69M | $266.6M | $578.11M | $82.69M |
| Long-Term Liabilities | ||||||||||||||||||||||||||||||
| Long-Term Debt | $8.86B | $6.65B | $6.31B | $6.87B | $6.14B | $6.22B | $3.97B | $4.27B | $3.7B | $3.96B | $3.51B | $3.44B | $3.68B | $2.84B | $2.86B | $3.08B | $2.95B | $2.72B | $3.74B | $1.41B | $1.36B | $1.49B | $1.84B | $721.39M | $766.3M | $735.65M | $491.86M | $428.42M | $0 | $0 |
| Long-Term Unearned Revenue | $202.45M | $188.19M | $0 | $208.86M | $223.83M | $245.93M | $270.88M | $314.36M | $215.99M | $220.27M | $311.51M | $0 | $0 | $0 | $2.21B | $81.98M | $94.81M | $114.77M | $127.6M | $2.01B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $667.93M | $594.51M | $561M | $719.25M | $776.28M | $460.49M | $1.07B | $1.18B | $1.07B | $1.39B | $1.49B | $1.34B | $874.65M | $923.13M | $866.81M | $0 | $0 | $0 | $0 | -$602.35M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $574.98B | $537.95B | $480.57B | -$7.23B | $407.35B | $0 | -$3.97B | -$4.27B | -$3.7B | -$3.96B | -$3.51B | -$3.44B | -$3.68B | -$3.77B | -$2.86B | -$3.16B | -$3.05B | -$2.84B | -$3.86B | -$1.41B | -$1.36B | -$1.49B | -$1.84B | -$721.39M | -$766.3M | -$735.65M | -$491.86M | -$428.42M | $0 | $0 |
| Total Long-Term Liabilities | $584.95B | $545.65B | $487.14B | $3.1B | $7.14B | $6.92B | $5.45B | $5.44B | $4.77B | $5.35B | $5.01B | $4.78B | $4.55B | $3.77B | $3.07B | $3.16B | $3.05B | $2.84B | $3.86B | $1.41B | $1.36B | $1.49B | $1.84B | $721.39M | $766.3M | $735.65M | $491.86M | $428.42M | $0 | $0 |
| Other Liabilities | $0 | $0 | -$2.7B | $470.79B | $417.61B | $398.53B | $294.99B | $276.91B | $273.78B | $259.81B | $260.15B | $232.14B | $211.7B | $162.92B | $155.53B | $80.83B | $77.37B | $78.65B | $70.91B | $74.22B | $62.53B | $57.73B | $59.43B | $36.92B | $36.59B | $0 | $33.17B | $34.3B | $0 | $0 |
| Total Liabilities | $591.53B | $548.54B | $487.14B | $476.99B | $427.71B | $408.8B | $303.4B | $285.34B | $281.07B | $267.25B | $267.08B | $238.67B | $218.06B | $168.32B | $158.72B | $84.1B | $80.55B | $81.63B | $74.89B | $76.35B | $64.56B | $59.7B | $61.62B | $38B | $37.65B | $735.65M | $33.74B | $35B | $578.11M | $82.69M |
| Stockholders' Equity | ||||||||||||||||||||||||||||||
| Preferred Stock | $2.08B | $1.94B | $1.94B | $1.94B | $1.94B | $1.93B | $1.93B | $1.93B | $1.93B | $1.79B | $1.79B | $1.79B | $1.65B | $1.81B | $1.35B | $1.35B | $1.07B | $947.36M | $783.41M | $783.41M | $569.56M | $355.71M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $4.26B | $4.33B | $4.28B | $4.13B | $4.1B | $4.03B | $4.02B | $5.19B | $5.18B | $5.08B | $5.1B | $5.06B | $5.07B | $4.17B | $4.15B | $0 | $0 | $0 | $0 | $3.33B | $3.32B | $4.24B | $4.12B | $1.41B | $1.48B | $1.49B | $1.49B | $1.45B | $0 | $0 |
| Retained Earnings | $12.48B | $12.31B | $11.04B | $12.69B | $11.71B | $10.69B | $9.74B | $9.51B | $8.62B | $8.17B | $7.44B | $6.51B | $5.75B | $4.96B | $4.51B | $5.59B | $5.25B | $4.92B | $4.7B | $4.18B | $3.46B | $2.78B | $2.13B | $1.7B | $1.39B | $1.33B | $1.11B | $891.05M | $701.43M | $667.5M |
| Comprehensive Income & Other | $1.24B | $1.27B | $634.43M | $699.29M | $450.51M | $347.15M | $352.86M | $744.92M | $275.16M | $531.78M | $1.58B | $269.45M | $62.02M | -$235.24M | -$166.09M | -$1.55B | -$1.19B | -$561M | -$1.09B | -$389.92M | -$605.2M | -$303.67M | -$132.59M | $245.22M | $258.76M | $162.53M | $103.36M | $184.63M | $0 | $0 |
| Other Stockholders' Equity | $4.54B | $4.42B | $3.81B | $3.86B | $3.6B | $2.41B | $2.41B | $2.78B | $2.31B | $2.43B | $3.47B | $2.15B | $1.75B | $1.62B | $1.23B | $3.97B | $4.02B | $4.51B | $3.07B | $413.45M | -$22.1M | -$303.67M | -$132.59M | $245.22M | $258.76M | $162.53M | $103.36M | $184.63M | $1.55B | $754.4M |
| Total Equity | $21.28B | $21.06B | $19.13B | $20.68B | $19.4B | $17.13B | $16.17B | $17.48B | $16.11B | $15.68B | $16.01B | $13.72B | $12.57B | $10.75B | $9.89B | $9.57B | $9.27B | $9.43B | $7.78B | $7.92B | $6.76B | $6.72B | $6.12B | $3.36B | $3.13B | $2.98B | $2.7B | $2.53B | $2.25B | $1.42B |
| Minority Interest | $2.24B | $2.22B | $2.15B | $2.36B | $2.33B | $2.13B | $2.04B | $2.05B | $2.09B | $2.14B | $2B | $1.88B | $1.68B | $1.79B | $1.59B | $79.84M | $1.69B | $1.66B | $1.73B | $1.6B | $1.5B | $1.91B | $1.72B | $1.46B | $1.39B | $1.38B | $1.52B | $1.48B | $1.43B | $470.62M |
| Total Liabilities and Equity | $612.81B | $569.59B | $506.27B | $497.67B | $447.11B | $425.92B | $319.57B | $302.82B | $297.18B | $282.93B | $283.09B | $252.39B | $230.63B | $179.07B | $168.61B | $93.67B | $89.82B | $91.06B | $82.67B | $84.27B | $71.32B | $66.42B | $67.74B | $41.36B | $40.78B | $3.72B | $36.45B | $37.53B | $2.83B | $1.5B |
| Supplementary Data | ||||||||||||||||||||||||||||||
| Total Debt | $9.56B | $7.29B | $6.88B | $8.05B | $6.94B | $7.63B | $4.96B | $4.93B | $4.31B | $4.58B | $4.19B | $4.14B | $4.36B | $3.37B | $3.07B | $3.08B | $2.95B | $2.72B | $3.74B | $2.12B | $2.02B | $1.97B | $2.19B | $1.09B | $1.05B | $735.65M | $574.55M | $695.02M | $578.11M | $82.69M |
| Net Debt | $3.72B | $473.32M | $1.85B | $3.48B | $3.54B | $1.97B | $1.66B | $1.96B | $1.78B | $2.26B | $2.18B | $2.36B | $2.37B | $2.02B | $1.61B | $1.77B | $509.68M | $692.17M | $1.13B | -$75.56M | -$86.97M | $208.15M | $440.53M | $435.54M | $454.79M | $208.15M | $52.75M | $153.97M | $578.11M | $82.69M |
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 | FY 1996 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 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 | 1996-12-31 |
| Operating Activities | ||||||||||||||||||||||||||||||
| Net Income | $3.35B | $3.44B | $2.04B | $2.69B | $2.76B | $2.19B | $2.05B | $2.47B | $1.95B | $2.39B | $2.47B | $2.42B | $1.98B | $1.84B | $1.93B | $1.24B | $1.21B | $1.04B | $1.5B | $1.37B | $1.27B | $1.18B | $881.07M | $685.75M | $389.21M | $480.45M | $405.61M | $337.17M | $178.21M | $206.22M |
| Depreciation & Amortization | $412.73M | $396.34M | $359.98M | $367.82M | $372.81M | $312.22M | $297.97M | $219.55M | $181.06M | $185.34M | $161.1M | $142.57M | $117.62M | $59.17M | $101.94M | $65.58M | $63.44M | $59.17M | $22.81M | $12.83M | $0 | $0 | $0 | $0 | $47.05M | $46.33M | $42.77M | $41.34M | $5.7M | $0 |
| Deferred Income Tax | $0 | $0 | $0 | -$111.92M | -$508.25M | -$388.5M | -$381.37M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $42.06M | $318.64M | -$436.26M | -$153.97M | $46.33M | $89.1M | $119.76M | -$126.89M | $23.52M | -$21.39M | -$63.44M | -$8.55M | $103.36M | -$95.52M | -$34.64M |
| Stock-Based Compensation | $0 | $0 | $205.3M | $111.92M | $135.44M | $76.27M | $83.4M | $55.6M | $59.17M | $64.16M | $56.31M | $65.58M | $64.16M | $32.79M | $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 | $832.6M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $275.16M | -$156.11M | $1.29B | $459.07M | $0 | $0 | $0 | -$136.86M | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.01B | $1.93B | $97.66M | $282.28M | $459.78M | $310.08M | -$114.05M | $0 | $0 | $0 | $0 |
| Other Working Capital | $3.32B | -$598.07M | $6.56B | -$15.11B | $3.4B | $8.98B | $7.42B | -$104.07M | $4.14B | $5.01B | $2.14M | $7.18B | -$374.24M | $3.54B | $1.31B | $2.23B | $0 | $0 | $1.31B | $1.29B | $1.77B | $1.38B | $741.35M | $459.78M | $310.08M | -$114.05M | -$17.11M | $0 | $0 | $0 |
| Total Working Capital Change | $3.32B | -$598.07M | $6.56B | -$14.28B | $3.4B | $8.98B | $7.42B | -$104.07M | $4.14B | $5.01B | $2.14M | $7.18B | -$374.24M | $3.54B | $1.31B | $5.23B | $3.95B | -$1.63B | $1.31B | $2.57B | $3.54B | $2.77B | $1.48B | $919.56M | $620.17M | -$228.11M | -$153.97M | -$76.27M | $0 | $0 |
| Other Non-Cash Items | -$5.15B | $151.83M | -$5.73B | $16.25B | $1.23B | -$4.32B | -$5.12B | $2.27B | -$1.27B | -$2.94B | $1.18B | -$5.71B | $1.97B | -$2.1B | $114.05M | -$2.45B | -$2.72B | $3.73B | -$22.81M | -$1.29B | -$2.08B | -$1.93B | -$741.35M | -$635.14M | $362.12M | -$178.21M | -$305.09M | $103.36M | -$75.56M | $230.03M |
| Net Cash from Operating | $1.93B | $3.39B | $3.44B | $5.02B | $7.39B | $6.85B | $4.36B | $4.63B | $4.82B | $4.46B | $3.65B | $3.88B | $3.58B | $3.37B | $3.45B | $4.13B | $2.82B | $2.75B | $2.66B | $2.72B | $2.82B | $2.14B | $1.5B | $993.7M | $1.4B | $57.03M | -$19.25M | $508.97M | $12.83M | $401.61M |
| Investing Activities | ||||||||||||||||||||||||||||||
| Capital Expenditures | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$1.38B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$22.1M | -$14.26M | -$1.18B | -$449.8M | -$419.15M | -$140.43M | -$79.13M | -$28.51M | -$142.57M | -$83.4M | -$54.89M | -$29.23M | -$27.09M | -$32.65M |
| Acquisitions | -$39.92M | -$140.43M | -$401.33M | -$1.54B | -$270.88M | -$799.8M | $0 | -$198.88M | -$207.44M | -$23.52M | -$2.85M | -$30.65M | -$879.64M | $0 | $0 | $0 | $22.1M | $980.15M | -$2.96B | -$1.05B | -$15.68M | $106.93M | -$1.33B | $29.94M | $122.61M | $19.96M | $21.39M | -$87.68M | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | -$22.29B | -$30.11B | -$22.97B | -$19.67B | -$21.78B | -$23.91B | -$26.32B | -$24.55B | -$23.65B | -$23.36B | -$20.72B | -$17.09B | -$20.08B | -$17.54B | -$16.31B | -$18.86B | -$27.19B | -$30.16B | -$29.48B | -$28.21B | -$17.49B | -$15.33B | -$12.91B | -$16.44B | -$12.89B | -$9.08B | -$8.71B |
| Sales of Investments | $0 | $0 | $0 | $22.32B | $23.93B | $18.9B | $19.94B | $19.92B | $21.6B | $23.29B | $22.23B | $21.43B | $21.41B | $18.55B | $14.02B | $14.02B | $14.31B | $12.68B | $17.54B | $23.98B | $28.67B | $28.37B | $27.97B | $16.8B | $14.55B | $13.19B | $16.63B | $12.82B | $8.85B | $8.62B |
| Other Investing Activities | $0 | -$150.41M | -$158.96M | -$2.41B | -$1.54B | -$970.89M | -$1.36B | $40.63M | -$882.49M | -$196.03M | -$121.9M | -$694.3M | -$605.91M | -$563.86M | $642.27M | $1.72B | $1.93B | $320.78M | $1.75B | $2.27B | $139.72M | -$201.02M | $266.6M | $176.78M | -$163.95M | -$275.16M | -$29.94M | -$100.51M | -$1.09B | -$147.06M |
| Net Cash from Investing | -$39.92M | -$290.84M | -$560.29M | -$3.92B | -$7.99B | -$5.85B | -$1.1B | -$3.4B | -$3.41B | -$3.25B | -$2.44B | -$2.94B | -$3.43B | -$2.74B | -$2.43B | -$4.35B | -$1.31B | -$2.35B | -$3.71B | -$2.43B | -$1.79B | -$1.35B | -$1.38B | -$516.1M | -$956.63M | -$56.31M | $128.31M | -$291.55M | -$1.35B | -$269.88M |
| Financing Activities | ||||||||||||||||||||||||||||||
| Debt Repaid | $491.15M | $42.77M | $523.94M | -$496.14M | $547.46M | -$2.29B | $164.67M | -$295.83M | $257.33M | -$508.97M | $4.99M | $248.07M | -$417.01M | $713K | -$4.99M | -$208.15M | -$141.14M | -$76.99M | -$710.7M | -$234.52M | $111.92M | - | -$427.7M | - | -$142.57M | -$142.57M | $116.19M | - | - | - |
| Common Stock Issuance | $70.57M | $62.73M | $112.63M | $30.65M | $1.14B | $12.83M | $27.8M | $27.8M | $89.82M | $22.1M | $70.57M | $7.13M | $910.29M | $14.26M | $18.53M | $36.35M | $10.69M | $732.09M | $23.52M | $17.82M | $14.26M | $14.26M | $738.5M | $12.83M | $12.12M | $4.28M | $3.56M | $713K | $675.77M | $0 |
| Common Stock Repurchases | -$1.18B | -$81.26M | -$166.09M | $0 | $0 | $0 | -$1.47B | -$49.19M | -$44.91M | -$190.33M | -$157.54M | -$67.72M | -$42.06M | $0 | $0 | -$361.41M | -$409.17M | $0 | -$713K | -$22.1M | -$47.76M | -$184.63M | -$183.2M | -$191.75M | -$116.91M | -$49.9M | -$160.39M | -$5.7M | -$224.54M | -$9.98M |
| Dividends Paid | -$1.61B | -$1.47B | -$1.38B | -$1.3B | -$1.2B | -$1.16B | -$1.11B | -$1.1B | -$1.04B | -$975.88M | -$925.26M | -$875.37M | -$855.41M | -$832.6M | -$833.31M | -$830.46M | -$879.64M | -$805.51M | -$714.26M | -$625.87M | -$538.19M | -$446.95M | -$356.42M | -$270.17M | -$228.11M | -$195.32M | -$164.67M | -$142.57M | -$113.34M | -$97.66M |
| Other Financing Activities | -$2.85M | $0 | $112.63M | $27.8M | -$11.41M | $0 | -$2.14M | $0 | $230.25M | $22.1M | $70.57M | $146.84M | -$4.99M | -$301.53M | $0 | -$6.42M | -$2.85M | -$14.97M | $2.46B | -$220.98M | -$4.28M | -$346.44M | $364.26M | $24.95M | -$23.52M | $93.38M | $50.61M | -$20.67M | -$1.43M | $0 |
| Net Cash from Financing | -$3.08B | -$1.63B | -$2.53B | -$441.96M | -$707.14M | $1.43B | -$2.84B | -$903.17M | -$1.18B | -$744.92M | -$1.2B | -$1.2B | $351.43M | -$739.21M | -$887.48M | -$762.74M | -$896.75M | -$1.11B | $1.73B | -$402.75M | -$474.04M | -$781.27M | $990.85M | -$424.14M | -$371.39M | -$4.99M | -$128.31M | -$317.93M | $520.37M | -$110.2M |
| Forex Effect | -$97.66M | $380.66M | -$28.51M | $200.31M | -$28.51M | -$71.28M | -$92.67M | $118.33M | -$19.96M | -$141.14M | $213.14M | $55.6M | $135.44M | -$5.7M | $17.11M | -$153.26M | -$208.15M | $111.92M | -$255.91M | $199.59M | -$203.87M | -$33.5M | $0 | $0 | $0 | $0 | $0 | $0 | $1.28B | $71K |
| Net Change in Cash | -$1.29B | $1.85B | $322.2M | $866.1M | -$1.33B | $2.37B | $327.91M | $439.82M | $208.15M | $317.93M | $224.54M | -$208.86M | $638.7M | -$114.77M | $153.97M | -$1.13B | $411.31M | -$588.8M | $404.18M | $86.97M | $348.58M | $7.84M | $1.1B | $53.46M | $69.15M | -$4.28M | -$19.25M | -$100.51M | $471.19M | $21.6M |
| Supplementary Data | ||||||||||||||||||||||||||||||
| Operating Cash Flow | $1.93B | $3.39B | $3.71B | $5.02B | $7.39B | $6.85B | $4.36B | $4.63B | $4.82B | $4.46B | $3.65B | $3.88B | $3.58B | $3.37B | $3.45B | $4.13B | $2.82B | $2.75B | $2.66B | $2.72B | $2.82B | $2.14B | $1.5B | $993.7M | $1.4B | $57.03M | -$19.25M | $508.97M | $12.83M | $401.61M |
| Capital Expenditure | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$1.38B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$22.1M | -$14.26M | -$1.18B | -$449.8M | -$419.15M | -$140.43M | -$79.13M | -$28.51M | -$142.57M | -$83.4M | -$54.89M | -$29.23M | -$27.09M | -$32.65M |
| Free Cash Flow | $1.93B | $3.39B | $3.71B | $5.02B | $7.39B | $6.85B | $4.36B | $3.25B | $4.82B | $4.46B | $3.65B | $3.88B | $3.58B | $3.37B | $3.45B | $4.13B | $2.8B | $2.74B | $1.48B | $2.27B | $2.4B | $2B | $1.42B | $965.18M | $1.25B | -$26.38M | -$74.14M | $479.74M | -$14.26M | $368.97M |
| Cash at Beginning | $7.63B | $5.79B | $5.2B | $4.33B | $5.66B | $3.3B | $2.97B | $2.53B | $2.32B | $2.01B | $1.78B | $1.99B | $1.35B | $1.47B | $1.31B | $2.44B | $2.03B | $2.62B | $2.2B | $2.11B | $1.76B | $1.75B | $650.11M | $596.65M | $527.5M | $531.78M | $541.04M | $641.55M | $170.37M | $149.05M |
| Cash at End | $6.35B | $7.63B | $5.52B | $5.2B | $4.33B | $5.66B | $3.3B | $2.97B | $2.53B | $2.32B | $2.01B | $1.78B | $1.99B | $1.35B | $1.47B | $1.31B | $2.44B | $2.03B | $2.6B | $2.2B | $2.11B | $1.76B | $1.75B | $650.11M | $596.65M | $527.5M | $521.8M | $541.04M | $641.55M | $170.65M |