Hong Kong Exchanges & Clearing Ltd (HKXCF)
Hong Kong Exchanges and Clearing Limited (HKEX), through its various subsidiaries, owns and operates stock and futures exchanges, along with their associated clearing houses, across Hong Kong, Mainland China, and the United Kingdom. Its business is structured into five distinct divisions: Cash, Equity and Financial Derivatives, Commodities, Post Trade, and Technology. The Cash division focuses on a range of equity products transacted on the cash market platforms of the Stock Exchange of Hong Kong, the Shanghai Stock Exchange, and the Shenzhen Stock Exchange, also encompassing the sale of relevant market data and other related activities. Within the Equity and Financial Derivatives division, HKEX provides and maintains robust trading platforms for a diverse array of equity and financial derivative instruments, including stock and equity index futures and options, derivative warrants, and callable bull/bear contracts, alongside the distribution of related market information. The Commodities division oversees an exchange in the United Kingdom dedicated to trading futures and options contracts for base, ferrous, and precious metals. Additionally, it manages Qianhai Mercantile Exchange Co., Ltd., a significant commodity trading venue in Mainland China, and handles commodities contracts executed on its Futures Exchange. Post Trade operations involve the management of clearing houses, which are tasked with crucial services such as clearing, settlement, depository, custodial, and nominee functions. The Technology division is responsible for delivering various services that grant users access to the company's platform and underlying infrastructure. Serving both corporations issuing securities and the investment community, HKEX facilitates market activity for a broad client base. Its principal office is situated in Central, Hong Kong.
Industry: Financial - Data & Stock Exchanges
Hong Kong Exchanges and Clearing Limited
OTC:HKXCFFinancial Services · Financial - Data & Stock Exchanges
+7.83%$49.35
Mkt Cap-
Float1.19B
O/S-
Inst Own-
SI<0.1%
Div Yield3.61%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$3.72B
Net Income$2.26B
Total Assets$74.02B
Free Cash Flow$2.67B
Debt & Equity
Debt 3%
Equity 97%
Total Debt$240.36M
Total Equity$7.41B
Shares Outstanding
Short Interest
Split History5 splits
- 1.0:1Forward splitMar 12, 20201 share → 1.0
- 1.0:1Forward splitAug 28, 20191 share → 1.0
- 1.0:1Forward splitMar 13, 20191 share → 1.0
- 1.0:1Forward splitAug 22, 20181 share → 1.0
- 1.0:1Forward splitMay 1, 20181 share → 1.0
Balance Sheet Details
Assets$74.02B
Liabilities$66.53B
Accounts Receivable$8.66B
Accounts Payable$5.9B
Inventory$0
PP&E (Net)$631.61M
Goodwill$1.69B
Intangible Assets$1.15B
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Revenue | $3.72B | $2.21B | $2.6B | $2.33B | $2.65B | $2.43B | $1.73B | $1.82B | $1.48B | $1.33B | $1.56B | $1.16B | $1.04B | $819.9M | $937.81M | $904.29M | $817.61M | $826.18M | $911.09M | $528.62M | $315.25M | $305.16M | $257.47M | $230.48M | $0 | $0 | $0 |
| YoY Growth | 68.1% | -14.9% | 11.6% | -12.0% | 8.9% | 40.4% | -4.8% | 23.1% | 11.3% | -15.0% | 34.0% | 12.2% | 26.4% | -12.6% | 3.7% | 10.6% | -1.0% | -9.3% | 72.4% | 67.7% | 3.3% | 18.5% | 11.7% | - | - | - | - |
| Cost of Revenue | $559.22M | $561.52M | $111.79M | $101.21M | $99.05M | $89.74M | $424.99M | $388.54M | $344.94M | $323.14M | $323.4M | $283.75M | $260.55M | $188.28M | $169.79M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Gross Profit | $3.16B | $1.65B | $2.49B | $2.23B | $2.55B | $2.34B | $1.3B | $1.43B | $1.13B | $1B | $1.24B | $879.69M | $775.92M | $631.63M | $768.02M | $904.29M | $817.61M | $826.18M | $911.09M | $528.62M | $315.25M | $305.16M | $257.47M | $230.48M | $0 | $0 | $0 |
| Gross Margin | 85.0% | 74.6% | 95.7% | 95.7% | 96.3% | 96.3% | 75.4% | 78.6% | 76.6% | 75.6% | 79.3% | 75.6% | 74.9% | 77.0% | 81.9% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | - | - | - |
| 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 |
| Selling, General, and Administrative | $43.85M | $44.74M | $57.11M | $54.94M | $37.73M | $32.51M | $27.53M | $27.02M | $19.25M | $23.58M | $21.54M | $32.25M | $25.37M | $10.96M | $7.78M | $70.11M | $67.56M | $61.5M | $53.4M | $1.44M | $43.48M | $1.44M | $1.01M | $1.88M | $1.98M | $3.96M | $4.78M |
| Other | $395.19M | -$291.78M | $724.3M | $678.41M | $607.41M | $592.49M | -$153.48M | -$382K | -$4.97M | $100.45M | $16.06M | $51.5M | $57.24M | -$28.94M | -$8.67M | $75.21M | $43.6M | $17.76M | -$31.93M | $152.88M | $74.36M | $145.96M | $154.99M | $146.58M | -$106.82M | -$128.81M | -$75.81M |
| Total Operating Expenses | $439.04M | -$247.04M | $781.41M | $733.35M | $645.14M | $625M | -$125.94M | $26.64M | $14.28M | $124.03M | $37.6M | $83.75M | $82.6M | -$17.97M | -$892K | $145.32M | $111.16M | $79.26M | $21.47M | $154.31M | $117.84M | $147.4M | $155.99M | $148.46M | -$104.84M | -$124.85M | -$71.02M |
| Operating Income (EBIT) | $2.72B | $1.9B | $1.71B | $1.49B | $1.9B | $1.71B | $1.43B | $1.4B | $1.12B | $878.29M | $1.2B | $795.94M | $693.32M | $649.6M | $768.91M | $758.97M | $706.45M | $746.92M | $889.62M | $374.3M | $197.4M | $157.77M | $101.48M | $82.02M | $104.84M | $124.85M | $71.02M |
| Operating Margin | 73.1% | 85.8% | 65.6% | 64.2% | 71.9% | 70.6% | 82.7% | 77.1% | 75.7% | 66.3% | 76.8% | 68.4% | 66.9% | 79.2% | 82.0% | 83.9% | 86.4% | 90.4% | 97.6% | 70.8% | 62.6% | 51.7% | 39.4% | 35.6% | - | - | - |
| Interest Expense | $12.23M | $750.94M | $776.94M | $300.58M | $18.74M | $60.8M | $175.02M | $145.32M | $84.77M | $26.9M | $17.85M | $25.62M | $23.71M | $7.27M | $255K | $1.91M | $1.66M | $1.24M | $2.92M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Interest Income | $651.36M | $1.35B | $1.38B | $529.14M | $103.64M | $270.5M | $407.02M | $353.74M | $189.17M | $94.84M | $87.45M | $75.72M | $51.37M | $48.57M | $35.44M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | -$21.67M | -$3.31M | -$6.76M | -$8.54M | -$9.43M | -$14.28M | -$34.16M | -$14.28M | -$18.61M | -$11.6M | -$15.68M | -$26.26M | -$24.6M | -$32M | $0 | $0 | $0 | $8.75M | $27.01M | $3.46M | $2.35M | $1.64M | $1.1M | $783K | $0 | $0 | $0 |
| Income Before Tax (EBT) | $2.7B | $1.89B | $1.7B | $1.49B | $1.89B | $1.7B | $1.4B | $1.39B | $1.1B | $866.69M | $1.18B | $769.68M | $668.72M | $617.6M | $768.91M | $758.97M | $706.45M | $755.67M | $916.63M | $377.76M | $199.75M | $159.41M | $102.58M | $82.8M | $104.84M | $124.85M | $71.02M |
| Income Tax Expense | $423.24M | $216.45M | $172.22M | $199.37M | $298.67M | $235.19M | $198.98M | $202.94M | $159.98M | $134.87M | $171.71M | $114.73M | $89.23M | $97.01M | $119.7M | $116.89M | $106.82M | $101.91M | $130.22M | $56.71M | $28.99M | $24.68M | $14.28M | $7.78M | $10.46M | $13.49M | $4.65M |
| Net Income | $2.26B | $1.66B | $1.51B | $1.28B | $1.6B | $1.47B | $1.2B | $1.19B | $943.81M | $735.39M | $1.01B | $658.4M | $580.25M | $520.6M | $649.22M | $642.08M | $599.63M | $653.76M | $786.41M | $321.05M | $170.76M | $134.72M | $88.3M | $75.02M | $94.38M | $111.37M | $66.37M |
| Net Income Margin | 60.9% | 75.2% | 58.2% | 55.2% | 60.4% | 60.4% | 69.2% | 65.3% | 64.0% | 55.5% | 65.0% | 56.6% | 56.0% | 63.5% | 69.2% | 71.0% | 73.3% | 79.1% | 86.3% | 60.7% | 54.2% | 44.1% | 34.3% | 32.5% | - | - | - |
| Supplementary Data | |||||||||||||||||||||||||||
| EPS | 14.01 | 10.33 | 9.36 | 7.96 | 9.91 | 9.11 | 7.49 | 7.50 | 6.03 | 4.76 | 6.70 | 4.44 | 3.95 | 3.75 | 4.71 | 4.68 | 4.38 | 4.78 | 5.78 | 2.37 | 1.26 | 1.00 | 0.66 | 0.56 | 0.71 | 0.84 | 0.50 |
| Diluted EPS | 14.01 | 10.29 | 9.36 | 7.95 | 9.89 | 9.09 | 7.47 | 7.48 | 6.02 | 4.75 | 6.67 | 4.43 | 3.94 | 3.74 | 4.70 | 4.67 | 4.36 | 4.75 | 5.72 | 2.34 | 1.26 | 1.00 | 0.66 | 0.56 | 0.71 | 0.84 | 0.50 |
| Weighted Average OS | 162.36M | 1.26B | 1.27B | 1.27B | 1.27B | 1.26B | 1.25B | 1.24B | 1.23B | 1.21B | 1.19B | 1.16B | 1.15B | 1.09B | 1.08B | 1.08B | 1.07B | 1.07B | 1.07B | 1.06B | 1.06B | 1.06B | 1.05B | 1.05B | 1.04B | 1.04B | 1.04B |
| EBITDA | $2.91B | $2.82B | $2.66B | $1.7B | $2.08B | $1.88B | $1.7B | $1.63B | $1.29B | $991.86M | $1.29B | $877.78M | $757.19M | $645.01M | $780.64M | $774.52M | $720.98M | $770.85M | $929.71M | $387.04M | $216.71M | $181.29M | $124.65M | $102.82M | $124.3M | $147.47M | $90.17M |
| EBITDA Margin | 78.3% | 127.7% | 102.3% | 72.9% | 78.7% | 77.3% | 98.5% | 89.7% | 87.5% | 74.8% | 82.6% | 75.4% | 73.1% | 78.7% | 83.2% | 85.6% | 88.2% | 93.3% | 102.0% | 73.2% | 68.7% | 59.4% | 48.4% | 44.6% | - | - | - |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Assets | |||||||||||||||||||||||||||
| Current Assets | |||||||||||||||||||||||||||
| Cash and Cash Equivalents | $23.29B | $17.13B | $15.95B | $23.58B | $23.12B | $20.14B | $16.34B | $15.45B | $19.84B | $14.75B | $14.14B | $17.44B | $5.28B | $4.34B | $2.32B | $2.47B | $1.88B | $661.92M | $691.78M | $283.49M | $173.25M | $132.11M | $176.45M | $1.29M | $10.41M | $7K | $0 |
| Short-Term Investments | $17.27B | $12.31B | $12.7B | $11.65B | $20.52B | $21.75B | $12.91B | $12.27B | $16.04B | $12.64B | $11.75B | $9.29B | $1.62B | $1.63B | $3.44B | $2.16B | $2.12B | $435.09M | $428.06M | $464.76M | $337.01M | $352.03M | $409.57M | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $40.56B | $29.43B | $28.64B | $35.23B | $43.64B | $41.89B | $29.24B | $27.72B | $35.88B | $27.39B | $25.88B | $26.73B | $6.91B | $5.98B | $5.77B | $4.63B | $4B | $1.1B | $1.12B | $748.25M | $510.26M | $484.14M | $586.02M | $1.29M | $10.41M | $7K | $0 |
| Accounts Receivable | $8.66B | $6.94B | $4.25B | $3.23B | $4.17B | $6B | $3.29B | $2.34B | $2.11B | $1.75B | $1.98B | $2.87B | $1.39B | $1.89B | $0 | $1.17B | $1.44B | $1.09B | $2.34B | $1.3B | $414.31M | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $48.75B | -$1.08B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $5.77B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $48.86M | $8.69B | $7.42B | -$38.46B | $1.09B | $3.31M | $0 | $0 | $0 | -$177.95M | $0 | $1.02M | $892K | -$143.02M | $919.08M | $0 | $0 | $65K | $7.63B | $2.76B | $1.75B | $1.94B | $1.6B | $64.93M | $2.15M | $455K | $4K |
| Total Current Assets | $49.27B | $45.07B | $40.31B | $48.76B | $47.81B | $47.89B | $32.53B | $30.06B | $37.99B | $29.04B | $27.86B | $29.6B | $8.3B | $7.72B | $6.69B | $5.8B | $5.44B | $7.95B | $11.09B | $4.81B | $2.68B | $2.42B | $2.18B | $66.22M | $12.56M | $462K | $4K |
| Long-Term Assets | |||||||||||||||||||||||||||
| Property, Plant & Equipment Net | $631.61M | $339.46M | $385.09M | $413.78M | $444.11M | $490.77M | $501.73M | $207.14M | $187.26M | $191.08M | $198.86M | $204.34M | $223.46M | $213.52M | $120.84M | $37.6M | $38.59M | $39.67M | $40.42M | $29.25M | $35.13M | $43.03M | $62.83M | $5.56M | $3.13M | $1.23M | $0 |
| Goodwill | $1.69B | $1.7B | $1.7B | $1.7B | $1.7B | $1.69B | $1.7B | $1.7B | $1.69B | $1.68B | $1.68B | $1.68B | $1.75B | $1.72B | $3.44B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $1.15B | $806.01M | $755.15M | $713.97M | $715.25M | $694.85M | $644.12M | $604.35M | $595.04M | $594.79M | $603.2M | $606M | $631.37M | $601.54M | $3.19M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $20.58B | $0 | $0 | -$11.49B | -$20.3B | -$21.65B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$3.37B | $258M | $296.67M | $6.01M | $60.62M | $11.09M | -$328.78M | -$347.09M | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $1.15M | $1.15M | $2.68M | $6.76M | $3.19M | $3.31M | $2.17M | $2.42M | $3.82M | $2.8M | $2.8M | $637K | $5.99M | $2.55M | $127K | $382K | $454K | $565K | $460K | $424K | $390K | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $693.28M | $734.37M | $336.53M | $11.66B | $20.52B | $21.75B | $191.97M | $61.44M | $18.1M | $19.63M | $18.61M | $17.85M | $37.48M | $45.64M | $3.19M | $3.57M | $409K | $8.08M | $19.54M | $306.72M | $536.53M | $612.95M | $279.99M | $529.13M | $539.32M | $581.31M | $0 |
| Total Long-Term Assets | $24.74B | $3.58B | $3.18B | $3B | $3.09B | $2.98B | $3.04B | $2.57B | $2.5B | $2.49B | $2.5B | $2.51B | $2.65B | $2.58B | $201.41M | $299.56M | $336.12M | $54.33M | $121.04M | $347.48M | $242.88M | $308.9M | $342.83M | $534.69M | $542.45M | $582.54M | $0 |
| Other Assets | $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 Assets | $74.02B | $48.65B | $43.49B | $51.76B | $50.9B | $50.88B | $35.57B | $32.63B | $40.49B | $31.53B | $30.36B | $32.11B | $10.96B | $10.3B | $6.89B | $6.1B | $5.78B | $8.01B | $11.21B | $5.16B | $2.93B | $2.73B | $2.52B | $600.91M | $555.01M | $583.01M | $4K |
| Liabilities | |||||||||||||||||||||||||||
| Current Liabilities | |||||||||||||||||||||||||||
| Accounts Payable | $5.9B | $4.41B | $3.16B | $2.07B | $3.28B | $5.06B | $2.61B | $2.33B | $2.06B | $1.56B | $1.95B | $2.91B | $1.63B | $2.02B | $1.08B | $1.27B | $1.51B | $1.13B | $2.72B | $1.42B | $464.14M | $624.91M | $609.31M | $9.36M | $0 | $0 | $0 |
| Short-Term Debt | $70.99M | $0 | $0 | $54.81M | $43.34M | $43.34M | $43.09M | $128.11M | $130.91M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $6.41M | $0 | $0 | $0 | $0 |
| Current Income Tax Payable | $0 | $268.07M | $152.84M | $366.1M | $211.86M | $266.16M | $277.89M | $86.43M | $64.37M | $45.38M | $83.24M | $44.36M | $48.31M | $22.69M | $33.4M | $40.79M | $33.26M | $18.02M | $87.67M | $36.63M | $11.81M | $25.45M | $7.31M | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $13.82B | $14.84B | $15.17B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $60.29M | $54.05M | $50.06M | $47.82M | $40.6M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | -$6.79B | $36.38B | $32.86B | $28.26B | $25.42B | $23.11B | $26.27B | $24.68B | $33.25B | $25.25B | $23.97B | $25.42B | $5.65B | $5.01B | $4.6B | $3.62B | $3.12B | $5.83B | $7.24B | $2.77B | $1.78B | $1.38B | $1.04B | $3.04M | $654K | $33.16M | $0 |
| Total Current Liabilities | $70.99M | $41.37B | $36.52B | $44.99B | $44.1B | $44.15B | $29.44B | $27.23B | $35.51B | $26.86B | $26B | $28.37B | $7.33B | $7.05B | $5.71B | $4.99B | $4.71B | $7.04B | $10.1B | $4.26B | $2.26B | $2.03B | $1.66B | $12.4M | $3.54M | $34.8M | $2K |
| Long-Term Liabilities | |||||||||||||||||||||||||||
| Long-Term Debt | $88.19M | $1.15M | $1.06M | $7.78M | $1.41M | $10.58M | $10.2M | $20.52M | $106.18M | $395.8M | $395.29M | $866.94M | $854.45M | $843.23M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Unearned Revenue | $203.02M | $40.66M | $39.13M | $42.45M | $45.13M | $47.29M | $51.37M | $53.28M | $0 | $0 | $0 | $0 | $0 | $67.56M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $168.86M | $146.72M | $134.23M | $136.65M | $144.3M | $118.55M | $100.96M | $94.71M | $90.63M | $90.89M | $97.01M | $106.95M | $114.73M | $134.61M | $4.21M | $2.29M | $2.29M | $3.92M | $4.7M | $1.78M | $2.65M | $3.94M | $6.82M | $28K | $0 | $0 | $0 |
| Other Long-Term Liabilities | $65.92B | $24.6M | $22.69M | $11.47M | $23.45M | $12.49M | $13.26M | $18.1M | $15.17M | $54.56M | $50.1M | $37.86M | $36.2M | -$59.27M | $3.44M | $3.7M | $38.48M | $37.91M | $36.78M | $225.15M | $111.46M | $179.19M | $139.21M | $0 | $0 | $0 | $0 |
| Total Long-Term Liabilities | $66.46B | $343.79M | $366.1M | $382.93M | $437.23M | $450.74M | $460.56M | $186.62M | $211.99M | $541.25M | $542.4M | $1.01B | $1.01B | $986.13M | $7.65M | $5.99M | $40.77M | $41.83M | $41.48M | $226.94M | $114.11M | $183.12M | $146.03M | $28K | $0 | $0 | $0 |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$28K | $0 | $0 | $0 |
| Total Liabilities | $66.53B | $41.71B | $36.89B | $45.37B | $44.54B | $44.6B | $29.9B | $27.41B | $35.72B | $27.4B | $26.54B | $29.38B | $8.34B | $8.04B | $5.72B | $5B | $4.76B | $7.08B | $10.14B | $4.49B | $2.37B | $2.22B | $1.81B | $12.4M | $3.54M | $34.8M | $1.6M |
| Stockholders' Equity | |||||||||||||||||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $42.07M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $4.07B | $4.07B | $4.07B | $4.07B | $4.07B | $4.07B | $3.88B | $3.54B | $3.2B | $2.82B | $2.46B | $1.56B | $148M | $146.59M | $137.67M | $137.42M | $137.18M | $137.02M | $136.43M | $0 | $135.47M | $0 | $0 | $0 | $0 | $0 | $0 |
| Retained Earnings | $3.27B | $2.79B | $2.51B | $2.36B | $2.32B | $2.19B | $1.81B | $1.71B | $1.54B | $1.32B | $1.36B | $1.12B | $994.28M | $877.14M | $899.06M | $862.48M | $767.48M | $668.3M | $801.56M | $429.2M | $226.34M | $213.89M | $201.27M | $13.8M | $3.6M | $33.5M | -$1.59M |
| Comprehensive Income & Other | $225.19M | $0 | $0 | $0 | -$21.03M | -$42.07M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $81.07M | $77.31M | $88.73M | $102.05M | $93.18M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Stockholders' Equity | $68.69M | $892K | -$41.43M | -$93.95M | -$56.47M | -$23.84M | -$61.19M | -$50.99M | $5.35M | -$19.5M | -$20.4M | $31.61M | $1.46B | $1.24B | $130.79M | $106.18M | $118.6M | $124.64M | $129.88M | $241M | $194.92M | $302.64M | $514.37M | $574.7M | $547.87M | $514.71M | $0 |
| Total Equity | $7.41B | $6.86B | $6.54B | $6.34B | $6.33B | $6.24B | $5.63B | $5.19B | $4.75B | $4.11B | $3.8B | $2.71B | $2.6B | $2.26B | $1.17B | $1.11B | $1.02B | $929.95M | $1.07B | $670.2M | $556.73M | $516.54M | $715.65M | $588.51M | $551.47M | $548.2M | -$1.59M |
| Minority Interest | $74.17M | $70.75M | $57.62M | $47.29M | $36.2M | $40.54M | $41.81M | $22.18M | $13M | $15.04M | $18.61M | $10.96M | $14.4M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $73.94B | $48.58B | $43.43B | $51.71B | $50.86B | $50.83B | $35.53B | $32.6B | $40.47B | $31.51B | $30.34B | $32.09B | $10.94B | $10.3B | $6.89B | $6.1B | $5.78B | $8.01B | $11.21B | $5.16B | $2.93B | $2.73B | $2.52B | $600.91M | $555.01M | $583.01M | $4K |
| Supplementary Data | |||||||||||||||||||||||||||
| Total Debt | $240.36M | $164.95M | $204.47M | $285.03M | $262.47M | $354.5M | $372.73M | $148.63M | $237.1M | $395.8M | $395.29M | $866.94M | $854.45M | $843.23M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $6.41M | $0 | $0 | $0 | $0 |
| Net Debt | -$23.05B | -$16.96B | -$15.74B | -$23.36B | -$22.86B | -$19.79B | -$15.96B | -$15.3B | -$19.61B | -$14.36B | -$13.74B | -$16.57B | -$4.43B | -$3.5B | -$2.32B | -$2.47B | -$1.88B | -$661.92M | -$691.78M | -$283.49M | -$173.25M | -$132.11M | -$170.04M | -$1.29M | -$10.41M | -$7K | $0 |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Operating Activities | |||||||||||||||||||||||||||
| Net Income | $2.26B | $1.89B | $1.51B | $1.49B | $1.89B | $1.7B | $1.4B | $1.39B | $1.1B | $866.69M | $1.18B | $769.68M | $668.72M | $617.6M | $768.91M | $758.97M | $706.45M | $755.72M | $916.63M | $377.76M | $199.75M | $0 | $0 | $0 | $0 | $0 | $0 |
| Depreciation & Amortization | $199.83M | $178.72M | $183.94M | $185.98M | $172.6M | $152.58M | $133.08M | $97.13M | $109.37M | $98.28M | $87.19M | $82.47M | $64.76M | $20.14M | $11.47M | $13.64M | $12.87M | $13.94M | $10.16M | $12.73M | $19.25M | $23.52M | $23.17M | $20.8M | $19.46M | $22.62M | $19.15M |
| Deferred Income Tax | $0 | $0 | $0 | $436.85M | -$450.87M | $212.37M | -$60.68M | -$64.88M | -$188.66M | -$441.18M | -$126.2M | -$56.98M | -$54.18M | -$91.4M | -$89.1M | -$124.8M | $0 | -$75.49M | $0 | -$14.83M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $0 | $49.71M | $50.86M | $48.44M | $41.3M | $35.82M | $30.59M | $28.81M | $28.04M | $27.15M | $23.33M | $17.46M | $15.17M | $13.38M | $7.78M | $4.59M | $2.68M | $3.59M | $3.11M | $3.06M | $2.93M | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | |||||||||||||||||||||||||||
| Accounts Receivable | -$1.49B | -$1.36B | -$1.05B | $620.66M | $1.96B | -$1.9B | -$698.42M | -$89.74M | -$361.13M | $437.49M | $921.12M | -$1.39B | $352.46M | $0 | $0 | $271.9M | $0 | $1.23B | $0 | -$878.47M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $577.58M | -$2.32B | $0 | -$2.21B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $1.7B | $0 | $1.12B | -$1.17B | -$1.81B | $0 | $528.37M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | -$67.42M | $1.2B | -$61.06M | -$52.77M | $2.17B | $1.88B | $2.39B | -$259.53M | $1.12B | $125.56M | -$898.94M | $1.22B | -$382.67M | $0 | $0 | -$271.77M | $0 | -$1.15B | $0 | $960.71M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Working Capital Change | $145.92M | -$159.98M | $5.61M | -$22.44M | $1.66M | -$16.19M | $8.29M | -$36.71M | -$6.88M | -$40.92M | -$36.58M | -$166.99M | -$31.1M | $308.48M | $22.05M | $127K | -$1.15M | $80.2M | $245.82M | $82.24M | $12.27M | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Non-Cash Items | $284.33M | -$333.47M | -$286.56M | -$228.56M | -$83.49M | -$201.41M | -$224.61M | -$203.19M | -$283.12M | -$509.76M | -$69.73M | -$106.95M | -$81.71M | -$132.19M | -$138.05M | -$141.75M | -$36.71M | -$134.31M | $974.42M | -$110.53M | $178.45M | $208.01M | $156.41M | -$36.92M | $57.44M | $34.09M | $68.05M |
| Net Cash from Operating | $2.89B | $1.63B | $1.47B | $1.91B | $1.57B | $1.88B | $1.28B | $1.21B | $944.95M | $441.44M | $1.06B | $595.68M | $635.83M | $827.42M | $672.16M | $635.58M | $557.56M | $643.65M | $974.42M | $365.27M | $178.45M | $231.53M | $179.58M | -$16.12M | $76.9M | $56.71M | $87.2M |
| Investing Activities | |||||||||||||||||||||||||||
| Capital Expenditures | -$220.86M | -$204.47M | -$176.68M | -$163.67M | -$136.4M | -$172.22M | -$139.07M | -$109.63M | -$87.7M | -$79.03M | -$90.51M | -$84.77M | -$101.6M | -$132.83M | -$58.13M | -$10.2M | -$6.05M | -$28.22M | -$8.76M | -$7.68M | -$7.91M | -$2.98M | -$6.58M | -$16.66M | -$33.54M | -$39.42M | -$28.94M |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $0 | $5.23M | $11.85M | -$1.78M | $0 | $121.74M | $0 | $11.22M | -$2.15B | $0 | $28.68M | $34.32M | $84.12M | $34.42M | $167K | -$3.17M | $0 | $0 | -$4.02M | $0 | $0 | $0 |
| Purchases of Investments | -$1.08B | -$921.37M | -$799.25M | -$122.76M | -$99.17M | -$815.06M | -$391.09M | -$627.16M | -$40.15M | -$348.13M | -$54.3M | $0 | -$7.65M | -$54.43M | -$181.27M | -$174.38M | -$446.42M | -$585.37M | -$310.03M | -$68.27M | $0 | $0 | $0 | -$4.12M | -$401.9M | $0 | $0 |
| Sales of Investments | $315.29M | $1.41B | $63.99M | $40.28M | $520.85M | $26.39M | $68.33M | $50.1M | $293.06M | $0 | $23.84M | $181.39M | $39.01M | $286.05M | $191.08M | $165.84M | $384.11M | $652.38M | $484.43M | $40.42M | $0 | $9.66M | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | $126.45M | $110.14M | $29.45M | $4.84M | $7.14M | $12.36M | $7.65M | $8.16M | $2.04M | $67.43M | $3.06M | $3.57M | $13.64M | $22.82M | $25.37M | $4.07M | $115.39M | $60.63M | $31.61M | -$1.59M | $57.64M | -$10.61M | -$5.76M | $143.01M | $163.01M | -$234.11M |
| Net Cash from Investing | -$986.79M | $407.15M | -$801.8M | -$216.7M | $290.13M | -$953.75M | -$444.24M | -$679.05M | $167.5M | -$425.12M | -$53.54M | $99.68M | -$66.67M | -$1.98B | -$25.49M | $6.63M | -$64.29M | $154.18M | -$258.16M | -$44.18M | -$12.67M | $64.32M | -$17.19M | -$26.45M | -$292.43M | $123.59M | -$263.05M |
| Financing Activities | |||||||||||||||||||||||||||
| Debt Repaid | - | $32.51M | $39.13M | $39.39M | $39.52M | $36.2M | $94.84M | $99.56M | $204.34M | - | - | - | $765K | -$888.99M | - | - | - | - | - | - | - | $6.41M | - | - | -$5.92M | - | - |
| Common Stock Issuance | $0 | $0 | $0 | $0 | $0 | $0 | -$36.33M | -$38.24M | $0 | $0 | $0 | $0 | $0 | $976.69M | -$9.18M | $4.33M | $0 | $0 | $0 | $3.94M | $6.04M | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock Repurchases | -$65.25M | -$61.31M | -$57.11M | -$44.62M | -$86.81M | -$3.95M | -$36.33M | -$5.35M | -$29.06M | -$23.96M | -$28.94M | -$51.63M | -$255K | -$11.85M | $0 | $0 | $0 | $0 | -$622K | -$2.71M | -$3.83M | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | -$1.33B | -$1.32B | -$1.23B | -$1.47B | -$890.14M | -$737.43M | -$691.79M | -$326.46M | -$424.36M | -$384.58M | -$412.25M | -$295.74M | -$482.36M | -$587.14M | -$542.78M | -$495.74M | -$800.76M | -$403.25M | -$213.03M | -$129.87M | -$340.71M | -$81.34M | -$43.86M | -$43.78M | -$10.61M | $0 |
| Other Financing Activities | -$44.73M | -$13.89M | -$22.82M | -$6.25M | -$19.25M | -$22.44M | -$23.07M | -$1.4M | -$9.56M | -$8.8M | $2.17M | -$10.07M | $20.78M | -$13.77M | $0 | -$23.96M | $1.82M | $4.34M | $8.95M | $3.78M | -$637K | $7.14M | $5.05M | $768K | -$535K | $10.86M | -$210K |
| Net Cash from Financing | -$1.86B | -$1.44B | -$1.43B | -$1.32B | -$1.61B | -$952.73M | -$911.94M | -$830.99M | -$569.42M | -$457.12M | -$410.97M | -$473.94M | -$275.85M | $1.37B | -$596.32M | -$562.41M | -$493.92M | -$796.42M | -$394.93M | -$211.96M | -$124.46M | -$339.99M | -$76.28M | -$43.09M | $5.39M | $247K | -$210K |
| Forex Effect | $5.02B | -$1.15M | -$765K | -$2.93M | $1.15M | $3.31M | $0 | $0 | $0 | $0 | $0 | -$5.74M | $4.97M | $637K | $0 | -$437.49M | -$458.9M | $0 | $1.1M | $3K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $5.07B | $598.87M | -$770.7M | $364.57M | $249.34M | -$20.52M | -$73.55M | -$301.6M | $543.03M | -$440.8M | $596.19M | $215.68M | $298.29M | $216.07M | $50.35M | -$357.69M | -$645K | $1.41M | $322.44M | $109.13M | $41.31M | -$40.84M | $86.1M | -$85.66M | -$216.54M | $220.2M | -$100.82M |
| Supplementary Data | |||||||||||||||||||||||||||
| Operating Cash Flow | $2.89B | $1.63B | $1.47B | $1.91B | $1.57B | $1.88B | $1.28B | $1.21B | $944.95M | $441.44M | $1.06B | $595.68M | $635.83M | $827.42M | $672.16M | $635.58M | $557.56M | $643.65M | $974.42M | $365.27M | $178.45M | $231.53M | $179.58M | -$16.12M | $76.9M | $56.71M | $87.2M |
| Capital Expenditure | -$220.86M | -$204.47M | -$176.68M | -$163.67M | -$136.4M | -$172.22M | -$139.07M | -$109.63M | -$87.7M | -$79.03M | -$90.51M | -$84.77M | -$101.6M | -$132.83M | -$58.13M | -$10.2M | -$6.05M | -$28.22M | -$8.76M | -$7.68M | -$7.91M | -$2.98M | -$6.58M | -$16.66M | -$33.54M | -$39.42M | -$28.94M |
| Free Cash Flow | $2.67B | $1.42B | $1.29B | $1.74B | $1.44B | $1.71B | $1.14B | $1.1B | $857.25M | $362.4M | $970.19M | $510.91M | $534.24M | $694.6M | $614.03M | $625.38M | $551.51M | $615.43M | $965.66M | $357.59M | $170.53M | $228.56M | $172.99M | -$32.79M | $43.36M | $17.29M | $58.26M |
| Cash at Beginning | $14.47B | $1.17B | $1.94B | $1.58B | $1.33B | $1.35B | $1.43B | $1.73B | $1.18B | $1.62B | $1.03B | $812.64M | $514.35M | $298.29M | $247.93M | $605.62M | $606.23M | $604.82M | $282.38M | $173.25M | $131.94M | $172.77M | $86.68M | $172.34M | $388.87M | $168.67M | $269.49M |
| Cash at End | $19.53B | $1.77B | $1.17B | $1.94B | $1.58B | $1.33B | $1.35B | $1.43B | $1.73B | $1.18B | $1.62B | $1.03B | $812.64M | $514.35M | $298.29M | $247.93M | $605.58M | $606.23M | $604.82M | $282.38M | $173.25M | $131.94M | $172.77M | $86.68M | $172.34M | $388.87M | $168.67M |