Japan Tobacco Inc. (JAPAY)
Japan Tobacco Inc. (JAPAY) is a multinational conglomerate with significant operations spanning tobacco products, pharmaceuticals, and processed foods. The company manages its diverse activities through four key business segments: Domestic Tobacco, International Tobacco, Pharmaceutical, and Processed Food, serving both the Japanese market and a global customer base. In its primary tobacco division, Japan Tobacco offers a broad range of traditional products, including cigarettes, cigars, pipe tobacco, oral tobacco, waterpipe tobacco, kretek, and fine-cut tobacco, distributed under prominent brands such as Winston, Camel, MEVIUS, and LD. Additionally, the company is a leader in developing reduced-risk alternatives, providing innovative tobacco-infused vapor, heated tobacco, and E-Vapor products under its Ploom, Logic, Ploom TECH, Ploom TECH+, and Ploom S brands. Beyond tobacco, Japan Tobacco's pharmaceutical arm is dedicated to the research, development, manufacturing, and commercialization of prescription drugs, addressing critical therapeutic areas like cardiovascular, renal and metabolic disorders, immunology, and neuroscience. Its processed food segment delivers a variety of offerings, encompassing staple items such as frozen noodles, okonomiyaki, and pre-cooked rice, alongside ambient processed foods, bakery goods, and various seasonings, including yeast extracts and oyster sauce. Founded in Tokyo, Japan, in 1898, Japan Tobacco Inc. boasts a rich history spanning over a century.
Sector: Tobacco
Industry: Tobacco
Japan Tobacco Inc.
OTC:JAPAYConsumer Defensive · Tobacco
-15.10%$16.98
CLOSED · Nov 6Prev close$20.00-15.10%Close$16.98
Mkt Cap$60.1B
Float1.1B
O/S3.54B
VOL246K sh
$ Vol$4.17M
RVOL1.94×
Inst Own-
EarningsFeb 11 · in 3mo
Div Yield4.12%
Dilution
Financials Summary
Revenue$22.96B
Net Income$3.38B
Total Assets$53.21B
Free Cash Flow$2.46B
Debt & Equity
Debt 29%
Equity 71%
Total Debt$10.61B
Total Equity$25.83B
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in JAPAY's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$53.21B
Liabilities$27.2B
Accounts Receivable$4.05B
Accounts Payable$4.5B
Inventory$6.7B
PP&E (Net)$6.19B
Goodwill$18.48B
Intangible Assets$2.5B
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 | 2014-03-31 | 2013-03-31 | 2012-03-31 | 2011-03-31 | 2010-03-31 | 2009-03-31 | 2008-03-31 | 2007-03-31 | 2006-03-31 | 2005-03-31 | 2004-03-31 | 2003-03-31 | 2002-03-31 |
| Revenue | $22.96B | $19.89B | $17.94B | $16.79B | $14.68B | $13.22B | $13.74B | $14B | $13.51B | $13.54B | $14.23B | $12.76B | $15.16B | $13.39B | $12.85B | $39.13B | $38.75B | $43.15B | $40.48B | $30.12B | $29.29B | $29.46B | $29.21B | $28.37B | $28.7B |
| YoY Growth | 15.4% | 10.9% | 6.9% | 14.3% | 11.1% | -3.8% | -1.8% | 3.6% | -0.2% | -4.9% | 11.5% | -15.8% | 13.2% | 4.2% | -67.2% | 1.0% | -10.2% | 6.6% | 34.4% | 2.8% | -0.6% | 0.9% | 3.0% | -1.1% | - |
| Cost of Revenue | $10.06B | $8.89B | $7.74B | $6.89B | $6.04B | $5.67B | $5.95B | $5.89B | $5.33B | $5.51B | $5.81B | $5.2B | $6.19B | $5.68B | $5.63B | $32.05B | $31.72B | $35.08B | $33.03B | $24.28B | $23.58B | $23.46B | $23.27B | $22.54B | $22.73B |
| Gross Profit | $12.9B | $11B | $10.2B | $9.9B | $8.64B | $7.54B | $7.79B | $8.1B | $8.19B | $8.03B | $8.42B | $7.56B | $8.97B | $7.71B | $7.21B | $7.08B | $7.02B | $8.07B | $7.46B | $5.84B | $5.71B | $6.01B | $5.94B | $5.83B | $5.97B |
| Gross Margin | 56.2% | 55.3% | 56.8% | 59.0% | 58.8% | 57.1% | 56.7% | 57.9% | 60.6% | 59.3% | 59.2% | 59.3% | 59.2% | 57.6% | 56.1% | 18.1% | 18.1% | 18.7% | 18.4% | 19.4% | 19.5% | 20.4% | 20.3% | 20.5% | 20.8% |
| Research and Development | $347.02M | $0 | $0 | $447.23M | $410.65M | $384.32M | $404.73M | $412.93M | $382.76M | $367.55M | $365.05M | $370.61M | $360.67M | $359.13M | $325.03M | $308.64M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $7.44B | $9.24B | $6.2B | $4.78B | $4.51B | $3.79B | $3.87B | $3.9B | $3.99B | $3.8B | $3.92B | $4.6B | $5.24B | $4.63B | $1.38B | $5B | $5.15B | $5.77B | $4.74B | $3.74B | $3.77B | $4.28B | $4.47B | $4.64B | $4.94B |
| Other | $13.73M | -$278.46M | -$242.28M | $721.67M | $688.23M | $411.26M | $370.01M | -$306.53M | $0 | $0 | $0 | $0 | $0 | $0 | $1.85B | $0 | -$36.28M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Operating Expenses | $7.8B | $8.96B | $5.95B | $5.95B | $5.61B | $4.58B | $4.65B | $4.56B | $4.68B | $4.32B | $4.89B | $4.75B | $4.88B | $4.37B | $3.56B | $5B | $5.15B | $5.77B | $4.74B | $3.74B | $3.77B | $4.28B | $4.47B | $4.64B | $4.94B |
| Operating Income (EBIT) | $5.1B | $2.04B | $4.25B | $4.13B | $3.15B | $2.96B | $3.17B | $3.57B | $3.54B | $3.75B | $3.57B | $2.95B | $4.09B | $3.36B | $2.58B | $2.08B | $1.87B | $2.3B | $2.72B | $1.98B | $1.94B | $1.73B | $1.48B | $935.32M | $1.03B |
| Operating Margin | 22.2% | 10.3% | 23.7% | 24.6% | 21.5% | 22.4% | 23.1% | 25.5% | 26.2% | 27.7% | 25.1% | 23.1% | 27.0% | 25.1% | 20.1% | 5.3% | 4.8% | 5.3% | 6.7% | 6.6% | 6.6% | 5.9% | 5.1% | 3.3% | 3.6% |
| Interest Expense | $1.29B | $1.01B | $601.43M | $576.48M | $288.3M | $387.46M | $287.55M | $247.92M | $172.74M | $137.12M | $95.58M | $70.5M | $128.9M | $179.07M | $147.97M | $107.75M | $164.92M | $324.37M | $263.75M | $43.83M | $36.48M | $32.51M | $51.43M | $54.02M | $64.85M |
| Interest Income | $449.93M | $438.99M | $280.52M | $196.73M | $120.09M | $78.02M | $53.07M | $36.34M | $30.19M | $41.8M | $94.84M | $87.21M | $52.75M | $34.69M | $35.39M | $19.13M | $44.1M | $77.54M | $84.7M | $76.44M | $0 | $20.94M | $20.48M | $23.63M | $29.67M |
| Other Income (Expense) | -$202.88M | -$566.52M | -$320.92M | -$379.76M | -$168.2M | -$309.43M | -$234.47M | -$211.58M | -$142.55M | -$95.32M | -$733K | $365.56M | -$76.15M | -$144.37M | -$112.58M | $357.25M | -$129.16M | -$642.11M | -$365.96M | $32.88M | -$37.6M | -$1.09B | -$1.53B | -$35.28M | -$414.1M |
| Income Before Tax (EBT) | $4.9B | $1.48B | $3.93B | $3.75B | $2.98B | $2.65B | $2.94B | $3.36B | $3.4B | $3.65B | $3.57B | $3.17B | $4.02B | $3.22B | $2.79B | $1.77B | $1.74B | $1.66B | $2.35B | $2.13B | $1.9B | $640.03M | -$48.05M | $900.03M | $620.51M |
| Income Tax Expense | $1.58B | $323.2M | $860.84M | $942.85M | $835.04M | $682.36M | $654.41M | $909.87M | $895.52M | $962.98M | $1.03B | $838.85M | $1.27B | $997.36M | $712.43M | $826.72M | $829.33M | $852.51M | $810.86M | $766.81M | $599.37M | $199.37M | -$30.4M | $390.42M | $358.31M |
| Net Income | $3.38B | $1.13B | $3.05B | $2.8B | $2.14B | $1.96B | $2.2B | $2.44B | $2.48B | $2.66B | $3.07B | $2.29B | $2.7B | $2.17B | $2.03B | $915.6M | $874.45M | $779.41M | $1.51B | $1.33B | $1.27B | $395.29M | -$48.02M | $475.62M | $232.75M |
| Net Income Margin | 14.7% | 5.7% | 17.0% | 16.7% | 14.6% | 14.8% | 16.0% | 17.4% | 18.3% | 19.7% | 21.6% | 18.0% | 17.8% | 16.2% | 15.8% | 2.3% | 2.3% | 1.8% | 3.7% | 4.4% | 4.3% | 1.3% | -0.2% | 1.7% | 0.8% |
| Supplementary Data | |||||||||||||||||||||||||
| EPS | 150.58 | 50.47 | 135.82 | 124.73 | 95.38 | 87.44 | 97.99 | 107.66 | 109.55 | 117.74 | 135.27 | 99.84 | 117.74 | 90.54 | 84.25 | 63.54 | 36.13 | 32.21 | 62.30 | 55.01 | 262.71 | 80.22 | -1.98 | 18.77 | 9.22 |
| Diluted EPS | 150.58 | 50.47 | 135.82 | 124.68 | 95.34 | 87.40 | 97.94 | 107.60 | 109.49 | 117.67 | 135.19 | 99.78 | 117.68 | 90.49 | 84.22 | 63.52 | 36.13 | 32.20 | 62.29 | 55.01 | 262.71 | 80.22 | -1.98 | 18.77 | 9.22 |
| Weighted Average OS | 3.55B | 3.55B | 3.55B | 3.55B | 3.55B | 3.55B | 3.55B | 3.58B | 3.58B | 3.58B | 3.59B | 3.64B | 3.64B | 3.80B | 3.81B | 3.83B | 3.83B | 3.83B | 3.83B | 3.83B | 3.83B | 3.88B | 3.83B | 4.01B | 4.00B |
| EBITDA | $6.44B | $3.62B | $5.66B | $5.28B | $4.45B | $4.18B | $4.39B | $4.61B | $4.49B | $4.68B | $4.54B | $4.02B | $4.99B | $4.13B | $3.69B | $3.34B | $3.36B | $3.76B | $3.7B | $2.81B | $2.74B | $2.89B | $2.13B | $1.89B | $1.76B |
| EBITDA Margin | 28.1% | 18.2% | 31.6% | 31.5% | 30.3% | 31.6% | 31.9% | 32.9% | 33.2% | 34.6% | 31.9% | 31.5% | 32.9% | 30.9% | 28.7% | 8.5% | 8.7% | 8.7% | 9.1% | 9.3% | 9.3% | 9.8% | 7.3% | 6.7% | 6.1% |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 | 2014-03-31 | 2013-03-31 | 2012-03-31 | 2011-03-31 | 2010-03-31 | 2009-03-31 | 2008-03-31 | 2007-03-31 | 2006-03-31 | 2005-03-31 | 2004-03-31 | 2003-03-31 | 2002-03-31 |
| Assets | |||||||||||||||||||||||||
| Current Assets | |||||||||||||||||||||||||
| Cash and Cash Equivalents | $5.25B | $6.85B | $6.57B | $5.48B | $4.56B | $3.4B | $2.26B | $1.78B | $1.8B | $1.86B | $3.33B | $2.44B | $1.6B | $901.39M | $2.56B | $1.54B | $975.01M | $1.06B | $1.36B | $7.45B | $5.81B | $5.24B | $3.8B | $3.81B | $3.38B |
| Short-Term Investments | $1.24B | $759.27M | $370.33M | $237.97M | $108.98M | $118.92M | $138.59M | $225.06M | $88.53M | $94.24M | $112.74M | $277.32M | $109.48M | $183.82M | $172.82M | $204.11M | $82.27M | $16.49M | $24.19M | $38.95M | $375.91M | $218.26M | $1.24B | $132.03M | $102.41M |
| Cash and Short-Term Investments | $6.49B | $7.61B | $6.94B | $5.71B | $4.67B | $3.52B | $2.39B | $2.01B | $1.89B | $1.95B | $3.44B | $2.71B | $1.71B | $1.09B | $2.73B | $1.75B | $1.06B | $1.07B | $1.38B | $7.49B | $6.19B | $5.45B | $5.04B | $3.94B | $3.48B |
| Accounts Receivable | $4.05B | $3.59B | $3.38B | $3.01B | $2.88B | $2.54B | $2.72B | $2.88B | $2.63B | $2.43B | $2.47B | $2.74B | $2.78B | $2.45B | $1.96B | $1.91B | $1.88B | $1.83B | $2.05B | $0 | $847.52M | $796.25M | $811.87M | $0 | $832.61M |
| Inventory | $6.7B | $6.05B | $5.26B | $4.37B | $3.56B | $3.41B | $4.28B | $4.1B | $3.87B | $3.53B | $3.56B | $3.71B | $3.48B | $2.99B | $2.82B | $3.25B | $3.51B | $2.93B | $3.53B | $2.64B | $2.57B | $2.73B | $2.88B | $3.11B | $3.31B |
| Other Current Assets | $6.22B | $5.35B | $4.88B | $3.99B | $3.44B | $959.41M | $500.54M | $2.53B | $395.81M | $397.74M | $408.19M | $305.12M | $254.99M | $391.77M | $898.52M | $982.66M | $1.11B | $1.08B | $833.29M | $1.5B | $552.54M | $517.36M | $595.72M | $614.66M | $602.86M |
| Total Current Assets | $23.46B | $22.6B | $20.59B | $17.2B | $14.66B | $12.66B | $12.16B | $11.43B | $10.79B | $10.14B | $11.36B | $10.72B | $9.41B | $7.66B | $8.41B | $7.88B | $7.55B | $6.92B | $7.8B | $11.63B | $10.16B | $9.5B | $9.33B | $8.5B | $8.22B |
| Long-Term Assets | |||||||||||||||||||||||||
| Property, Plant & Equipment Net | $6.19B | $5.73B | $5.19B | $4.9B | $4.77B | $4.8B | $5.07B | $4.79B | $4.71B | $4.3B | $4.31B | $4.78B | $4.93B | $4.25B | $3.91B | $4.19B | $4.29B | $4.22B | $4.82B | $3.79B | $3.77B | $4.04B | $4.47B | $4.63B | $4.7B |
| Goodwill | $18.48B | $18.41B | $16.53B | $15.45B | $13.02B | $12.06B | $12.65B | $12.69B | $11.95B | $10.12B | $9.03B | $9.72B | $10.01B | $8.32B | $7.01B | $7.25B | $8.76B | $9.18B | $13.31B | $2.28B | $2.24B | $2.03B | $2.09B | $2.41B | $2.73B |
| Intangible Assets | $2.5B | $3.07B | $1.31B | $1.56B | $1.94B | $2.3B | $2.78B | $3.18B | $3.03B | $2.68B | $2.1B | $2.3B | $2.43B | $2.2B | $1.94B | $1.81B | $2.22B | $2.19B | $3.87B | $978.88M | $1.2B | $1.34B | $1.55B | $1.82B | $2.1B |
| Long-Term Investments | $1.37B | $518.88M | $1.4B | $1.01B | $840.83M | $811.91M | $887.59M | $923.54M | $1.15B | $1.31B | $905.74M | $788.74M | $1.26B | $598.27M | $543.15M | $370.59M | $531.25M | $575.61M | $839.61M | $0 | $682.31M | $496.78M | $470.78M | $271.13M | $618.3M |
| Deferred Tax Assets | $1B | $1.16B | $564.53M | $577.48M | $760.58M | $773.94M | $850.76M | $790.2M | $842.73M | $1.05B | $584.68M | -$4.78B | $637.17M | $842.24M | $834.83M | $520M | $539.24M | $813.43M | $699.25M | $476.6M | $649.94M | $959.26M | $767.71M | $407.54M | $448.66M |
| Other Long-Term Assets | $216.08M | $1.38B | $980.48M | $662.96M | $476.34M | $594.34M | $668.91M | $696.86M | $518.51M | $358.66M | $507.92M | $6.18B | $492.34M | $466.25M | $516.39M | $538.78M | $564.71M | $594.5M | $790.54M | $3.08B | $479.9M | $470.47M | $440.55M | $634.26M | $535.99M |
| Total Long-Term Assets | $29.76B | $30.27B | $25.41B | $24.16B | $21.81B | $21.33B | $22.91B | $23.07B | $22.19B | $19.82B | $17.43B | $19B | $19.75B | $16.67B | $14.75B | $14.68B | $16.91B | $17.58B | $24.33B | $9.62B | $9.03B | $9.33B | $9.8B | $10.18B | $11.12B |
| Other Assets | $0 | $0 | $0 | $0 | $0 | -$6K | $6K | $6K | $0 | $0 | $6K | -$541.07M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $53.21B | $52.87B | $45.99B | $41.36B | $36.47B | $33.99B | $35.07B | $34.49B | $32.98B | $29.97B | $28.79B | $29.17B | $29.16B | $24.33B | $23.16B | $22.56B | $24.46B | $24.51B | $32.13B | $21.25B | $19.18B | $18.84B | $19.13B | $18.68B | $19.35B |
| Liabilities | |||||||||||||||||||||||||
| Current Liabilities | |||||||||||||||||||||||||
| Accounts Payable | $4.5B | $4.17B | $3.74B | $3.41B | $3.51B | $1.18B | $1.01B | $2.4B | $1.09B | $842.22M | $456.77M | $844.67M | $2.27B | $554.2M | $1.89B | $1.97B | $1.41B | $1.4B | $1.61B | $1.41B | $202.07M | $2.2B | $705.37M | $682.41M | $675.77M |
| Short-Term Debt | $503.28M | $1.13B | $1.47B | $867.25M | $902.58M | $893.53M | $1.79B | $1.58B | $2.56B | $1.4B | $195.67M | $679.37M | $1.24B | $279.81M | $1.34B | $1.41B | $1.94B | $2.12B | $2.2B | $405.85M | $325.25M | $288.63M | $1.09B | $482.76M | $708.62M |
| Current Income Tax Payable | $0 | $155.51M | $187.25M | $236.66M | $194.5M | $293.46M | $439.24M | $457.6M | $293.4M | $347.01M | $671.98M | $347.02M | $487.34M | $541.38M | $268.44M | $2.83B | $2.67B | $2.3B | $2.75B | $379.65M | $1.49B | $1.63B | $1.75B | $1.57B | $1.44B |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $530.52M | $590.37M | $681.98M | $524.32M | $419.3M | $508.4M | $834.66M | $496.48M | $594.26M | $629.22M | $304.99M | $2.83B | $2.67B | $2.3B | $2.75B | -$1.41B | $1.49B | $1.63B | $2.57B | $1.57B | $1.44B |
| Other Current Liabilities | $6.95B | $8.12B | $6.95B | $5.59B | $4.53B | $5.38B | $5.53B | $4.52B | $5.38B | $5.96B | $6.65B | $6.69B | $3.94B | $5.6B | $3.82B | $2.93B | $945.88M | $1.09B | $1.56B | $579.84M | $3.43B | $570.12M | $1.23B | $595.84M | $1.36B |
| Total Current Liabilities | $12.18B | $13.57B | $12.17B | $9.87B | $9.48B | $8.36B | $9.49B | $9.03B | $9.34B | $8.57B | $8B | $8.59B | $7.93B | $7.03B | $7.31B | $6.72B | $6.96B | $6.91B | $8.11B | $5.14B | $3.96B | $4.69B | $4.78B | $3.76B | $4.19B |
| Long-Term Liabilities | |||||||||||||||||||||||||
| Long-Term Debt | $10.11B | $9.78B | $5.74B | $5.19B | $4.9B | $5.16B | $4.36B | $4.59B | $2.26B | $2.2B | $1.36B | $637.93M | $1.05B | $1.71B | $1.77B | $3.07B | $3.59B | $4.17B | $6.57B | $979.08M | $1.04B | $1.17B | $1.32B | $2.2B | $2.52B |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $2.61B | $2.41B | -$1.17B | $2.18B | $2.19B | $2.23B | $2.5B | $2.3B | $2.32B | $2.02B | $1.46B | $1.59B | $1.64B | $1.79B | $0 | $1.85B | $1.83B | $2.43B | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $819.17M | $786.07M | $256.35M | $253.03M | $441.87M | $0 | $508.01M | $558.96M | $551.52M | $452.61M | $555.69M | $652.81M | $686.58M | $614.62M | $520.83M | $458.74M | $597.37M | $697.24M | $1.1B | $274.35M | $291.67M | $279.46M | $279.55M | $308.92M | $347.35M |
| Other Long-Term Liabilities | $3.79B | $4.43B | $3.11B | $3.21B | $3.42B | $1.13B | $1.24B | $3.81B | $1.24B | $1.04B | $1.28B | $1.42B | $799.24M | $1.28B | $715.17M | $802.25M | $843.78M | $833.63M | $946.58M | $2.07B | $544.67M | $1.07B | $465.73M | $1.85B | $1.79B |
| Total Long-Term Liabilities | $15.02B | $14.99B | $9.11B | $8.64B | $8.77B | $9.21B | $8.26B | $8.41B | $5.69B | $5.43B | $4.87B | $4.56B | $4.83B | $5.35B | $5.02B | $5.79B | $6.62B | $7.34B | $10.41B | $3.33B | $3.73B | $4.34B | $4.49B | $4.35B | $4.66B |
| 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 | $0 | $0 |
| Total Liabilities | $27.2B | $28.56B | $21.28B | $18.51B | $18.24B | $17.57B | $17.74B | $17.44B | $15.03B | $14B | $12.86B | $13.15B | $12.76B | $12.38B | $12.33B | $12.51B | $13.58B | $14.25B | $18.52B | $8.46B | $7.69B | $9.03B | $9.27B | $8.11B | $8.84B |
| Stockholders' Equity | |||||||||||||||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $3.83B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $632.04M | $631.61M | $631.61M | $631.61M | $631.61M | $631.61M | $631.61M | $631.61M | $631.61M | $631.61M | $631.61M | $631.61M | $631.61M | $631.61M | $631.61M | $631.61M | $631.61M | $631.61M | $631.61M | $631.61M | $631.61M | $631.61M | $631.61M | $631.61M | $631.61M |
| Retained Earnings | $20.31B | $19.18B | $20.16B | $19.52B | $18.09B | $17.58B | $17.37B | $16.8B | $16.02B | $14.95B | $13.87B | $12.02B | $11.13B | $9.28B | $8.01B | $8.84B | $8.28B | $7.74B | $8.49B | $7.32B | $6.14B | $5.09B | $4.82B | $4.99B | $4.62B |
| Comprehensive Income & Other | $3.32B | $2.41B | $1.84B | $658.83M | -$2.53B | -$3.83B | -$2.73B | -$2.67B | -$1.06B | -$1.92B | $2.48B | $899.57M | $0 | -$981.65M | $0 | -$3.96B | -$2.67B | -$2.62B | -$190.99M | $0 | $177.98M | -$439.25M | -$364.15M | $0 | $283.4M |
| Other Stockholders' Equity | $4.89B | $3.98B | $3.4B | $2.21B | -$976.38M | -$2.28B | -$1.19B | -$819.75M | $792.2M | -$69.33M | $978.65M | $3.38B | $4.06B | $1.49B | $1.68B | $93.9M | $1.51B | $1.44B | $3.99B | $4.43B | $4.36B | $3.74B | $4.07B | $4.63B | $4.93B |
| Total Equity | $25.83B | $23.79B | $24.19B | $22.36B | $17.74B | $15.93B | $16.82B | $16.62B | $17.44B | $15.51B | $15.48B | $16.02B | $15.83B | $11.41B | $10.32B | $9.57B | $10.42B | $9.81B | $13.11B | $12.38B | $11.13B | $9.46B | $9.52B | $10.25B | $10.19B |
| Minority Interest | $179.85M | $518.58M | $520.04M | $482.08M | $485.22M | $484.19M | $511.07M | $441.19M | $507.44M | $454.44M | $441.68M | $541.07M | $571.49M | $542.47M | $508.93M | $480.95M | $464.86M | $449.14M | $494.99M | $406.52M | $363.56M | $338.52M | $339.96M | $322.58M | $313.2M |
| Total Liabilities and Equity | $53.03B | $52.35B | $45.47B | $40.88B | $35.99B | $33.51B | $34.56B | $34.05B | $32.47B | $29.51B | $28.35B | $29.17B | $28.59B | $23.79B | $22.65B | $22.08B | $23.99B | $24.06B | $31.64B | $20.85B | $18.82B | $18.5B | $18.79B | $18.36B | $19.03B |
| Supplementary Data | |||||||||||||||||||||||||
| Total Debt | $10.61B | $10.91B | $7.21B | $6.05B | $5.8B | $6.06B | $6.16B | $6.18B | $4.71B | $3.46B | $1.56B | $1.32B | $2.28B | $1.99B | $3.1B | $4.48B | $5.52B | $6.29B | $8.77B | $1.38B | $1.37B | $1.46B | $2.41B | $2.68B | $3.23B |
| Net Debt | $5.36B | $4.06B | $644.58M | $577.46M | $1.24B | $2.65B | $3.9B | $4.39B | $2.9B | $1.6B | -$1.77B | -$1.12B | $685.35M | $1.09B | $548.09M | $2.93B | $4.55B | $5.23B | $7.42B | -$6.07B | -$4.44B | -$3.78B | -$1.39B | -$1.13B | -$143.79M |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 | 2014-03-31 | 2013-03-31 | 2012-03-31 | 2011-03-31 | 2010-03-31 | 2009-03-31 | 2008-03-31 | 2007-03-31 | 2006-03-31 | 2005-03-31 | 2004-03-31 | 2003-03-31 | 2002-03-31 |
| Operating Activities | |||||||||||||||||||||||||
| Net Income | $3.3B | $1.48B | $3.93B | $3.75B | $2.98B | $2.65B | $2.94B | $3.36B | $3.4B | $3.65B | $3.57B | $2.29B | $4.02B | $3.22B | $2.79B | $1.77B | $874.45M | $779.41M | $1.51B | $1.33B | $1.27B | $395.29M | -$48.05M | $475.62M | $620.51M |
| Depreciation & Amortization | $1.24B | $1.14B | $1.13B | $1.26B | $1.18B | $1.13B | $1.16B | $1B | $918.41M | $889.27M | $878.3M | $771.65M | $839.54M | $735.59M | $750.64M | $1.34B | $1.45B | $1.78B | $1.08B | $837.79M | $798.64M | $800.53M | $970.09M | $936.89M | $1.08B |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | -$3.75M | -$1.84M | $0 | $0 | $0 | $0 | $0 | -$1.17B | $0 | $0 | -$772.97M | -$734.81M | -$722.65M | -$838.31M | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $0 | $0 | $0 | $0 | $0 | $3.75M | $1.84M | $0 | $2.15M | $1.71M | $2.42M | $1.65M | $0 | $1.56M | $1.67M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | |||||||||||||||||||||||||
| Accounts Receivable | -$220.95M | $289.09M | -$190.55M | $167.84M | -$188.8M | $136.14M | $67.41M | -$194.65M | -$181.97M | -$127.13M | $24.42M | -$102.15M | $0 | -$152.33M | -$190.79M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | -$807.51M | -$609.92M | -$860.46M | -$593.15M | $61.71M | $4.72M | -$207.28M | -$335.12M | -$259.61M | -$4.33M | -$33.3M | -$106.16M | -$98.09M | $68.16M | $172.99M | -$15.49M | -$501.86M | -$300.85M | $171.26M | -$38.98M | $278.48M | $107.34M | $150.31M | $161.52M | $80.47M |
| Accounts Payable | $279.06M | -$1.93M | $258.95M | -$241.6M | $706.85M | $248.15M | $178.71M | -$29.17M | $98.88M | $102.05M | -$42.3M | $0 | $71.3M | $0 | $984.79M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | -$1.2B | $2.22B | $60.02M | $16.09M | -$221.75M | $32.04M | $119.12M | -$187.03M | -$540.89M | -$633.29M | -$659.98M | $1.03B | -$988.32M | -$273.02M | -$61.18M | $189.46M | $150.9M | -$618.22M | -$1.59B | $383.48M | -$1.58B | $858.37M | $1.45B | -$145.09M | -$788.38M |
| Total Working Capital Change | -$1.95B | $1.9B | -$732.04M | -$650.81M | $358.02M | $421.04M | $157.96M | -$522.15M | -$800.5M | -$637.62M | -$693.28M | $924.99M | -$1.02B | -$204.86M | $905.81M | $173.96M | -$350.96M | -$919.07M | -$1.42B | $344.51M | -$1.31B | $965.71M | $1.6B | $16.43M | -$707.9M |
| Other Non-Cash Items | $823.1M | -$530.37M | -$747.44M | -$1.3B | -$740.38M | -$925.6M | -$844.36M | -$922.78M | -$873.7M | -$1.53B | -$795.67M | -$554.83M | -$168.09M | -$802.01M | -$960.3M | -$570.83M | $8.87M | $44.61M | $70.45M | $240.01M | $183.2M | -$577.19M | -$405.17M | $200.98M | -$421.61M |
| Net Cash from Operating | $3.4B | $3.98B | $3.58B | $3.06B | $3.78B | $3.28B | $3.41B | $2.91B | $2.65B | $2.38B | $2.96B | $3.43B | $2.5B | $2.95B | $3.48B | $2.52B | $2.02B | $1.74B | $916.03M | $2.75B | $949.58M | $1.58B | $2.11B | $1.63B | $566.73M |
| Investing Activities | |||||||||||||||||||||||||
| Capital Expenditures | -$1.08B | -$807M | -$599.15M | -$627.87M | -$650.04M | -$686.06M | -$842.38M | -$1B | -$885.13M | -$701.1M | -$815.4M | -$722.59M | -$950.7M | -$839.1M | -$719.77M | -$869.94M | -$809.08M | -$753.87M | -$831.6M | -$610.88M | -$579.92M | -$505.04M | -$563.37M | -$689.67M | -$617.17M |
| Acquisitions | -$168.68M | -$1.68B | $8.65M | $19.11M | $16.18M | $102.78M | -$253.45M | -$1.56B | -$1.38B | -$3.88B | $357.9M | -$132.49M | -$472.45M | -$341.88M | -$212.36M | $77.83M | -$63M | -$19.33M | -$10.16B | -$25.8M | -$8.84M | $0 | -$853K | -$22.7M | $183.08M |
| Purchases of Investments | -$2.38B | -$718.62M | -$713.78M | -$238.52M | -$184.66M | -$255.69M | -$288.13M | -$237.38M | -$73.03M | -$16.73M | -$14.67M | -$20.72M | -$61.13M | -$289.33M | -$35.98M | -$189.97M | -$25.26M | -$12.93M | -$157.94M | -$3.1B | -$942.37M | -$412.01M | -$1.66B | -$124.51M | -$109.33M |
| Sales of Investments | $1.86B | $513.61M | $532.85M | $125.12M | $160.17M | $316.66M | $490.19M | $69.29M | $31.54M | $35.61M | $29.46M | $30.12M | $179.76M | $310.06M | $141.18M | $226.37M | $15.61M | $39.98M | $56.84M | $2.48B | $462.22M | $0 | $643.11M | $232.51M | $179.71M |
| Other Investing Activities | $10.51M | -$90.23M | -$16.55M | $79.04M | $42.54M | $556.12M | $113.29M | $314.21M | $76.01M | $224.55M | $43.09M | $535.49M | $156.65M | $225.91M | $171.29M | $1.52M | $350.82M | $335.56M | $550.23M | $2.77B | $902.43M | $2.03B | $136.87M | $341.25M | $108.08M |
| Net Cash from Investing | -$1.75B | -$2.78B | -$796.65M | -$643.12M | -$615.82M | $33.82M | -$780.49M | -$2.42B | -$2.23B | -$4.34B | -$399.63M | -$310.18M | -$1.03B | -$934.33M | -$655.64M | -$754.19M | -$530.91M | -$410.6M | -$10.54B | -$945.47M | -$166.48M | $1.12B | -$1.44B | -$472.93M | -$255.63M |
| Financing Activities | |||||||||||||||||||||||||
| Debt Repaid | $727.6M | -$2.74B | $128.96M | $13.59M | $642.5M | -$823.33M | -$302.33M | -$2.17B | -$334.82M | -$861.89M | -$281.55M | $1.09B | -$182.58M | $1.12B | $1.22B | -$437.28M | $1.77B | $239.69M | -$2.71B | $125.31M | $123M | $927.82M | $371.5M | $495.9M | $577.41M |
| Common Stock Issuance | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $3.69M | $1.21M | $0 | $0 | $31.13M | $0 | $0 | $0 | $0 | $0 |
| Common Stock Repurchases | -$10.74M | -$13K | -$6K | -$6K | -$6K | -$6K | -$315.81M | $0 | -$6K | $0 | -$631.61M | $0 | $0 | -$1.58B | $0 | -$126.32M | $0 | $0 | $0 | $0 | $0 | -$252.64M | -$218.41M | $0 | $0 |
| Dividends Paid | -$2.36B | -$2.21B | -$2.32B | -$1.68B | -$1.59B | -$1.73B | -$1.71B | -$1.64B | -$1.54B | -$1.45B | -$1.19B | -$1.53B | -$963.65M | -$721.53M | -$481.07M | -$350.91M | -$338.81M | -$336.6M | -$284.49M | -$227.14M | -$190.8M | -$134.97M | -$138.95M | -$101.06M | -$107.37M |
| Other Financing Activities | -$181.97M | -$182.47M | -$162.91M | -$64.66M | -$141.26M | -$139.97M | -$100.12M | -$80.18M | -$18.07M | $1.17B | -$55.56M | $119.01M | -$79.52M | -$57.55M | -$45.98M | -$44.02M | -$59.61M | -$6.61M | -$2.57M | -$2.1M | -$32K | $7.17M | $49.58M | -$17.57M | -$29.38M |
| Net Cash from Financing | -$3.15B | -$599.44M | -$1.71B | -$1.93B | -$2.23B | -$1.88B | -$2.11B | -$393.87M | -$486.54M | $576.78M | -$1.61B | -$2.46B | -$917.03M | -$3.6B | -$1.76B | -$1.17B | -$1.58B | -$1.37B | $3.28B | -$206.13M | -$304.03M | -$1.28B | -$690.57M | -$707.2M | -$788.49M |
| Forex Effect | -$84.4M | -$321.98M | $18.54M | $438.04M | $218.64M | -$291.16M | -$49.98M | -$120.92M | $11.26M | -$81.89M | -$59.15M | $169.74M | $143.2M | -$70.96M | -$51.82M | -$35.4M | $9.74M | -$250.06M | $253.22M | $36.31M | $96.04M | $11.8M | -$27.73M | -$20.91M | $26.12M |
| Net Change in Cash | -$1.58B | $280.19M | $1.09B | $916.81M | $1.16B | $1.15B | $474.31M | -$21.62M | -$54.77M | -$1.47B | $890.23M | $837.52M | $697.97M | -$1.65B | $1.01B | $567.64M | -$81.41M | -$301.6M | -$6.09B | $1.64B | $575.11M | $1.44B | -$6.22M | $430.39M | -$436.18M |
| Supplementary Data | |||||||||||||||||||||||||
| Operating Cash Flow | $3.4B | $3.98B | $3.58B | $3.06B | $3.78B | $3.28B | $3.41B | $2.91B | $2.65B | $2.38B | $2.96B | $3.43B | $2.5B | $2.95B | $3.48B | $2.52B | $2.02B | $1.74B | $916.03M | $2.75B | $949.58M | $1.58B | $2.11B | $1.63B | $566.73M |
| Capital Expenditure | -$948.34M | -$949.74M | -$599.15M | -$627.87M | -$650.04M | -$686.06M | -$842.38M | -$1B | -$885.13M | -$701.1M | -$815.4M | -$722.59M | -$950.7M | -$839.1M | -$719.77M | -$869.94M | -$809.08M | -$753.87M | -$831.6M | -$610.88M | -$579.92M | -$505.04M | -$563.37M | -$689.67M | -$617.17M |
| Free Cash Flow | $2.46B | $3.03B | $2.98B | $2.43B | $3.13B | $2.6B | $2.57B | $1.91B | $1.76B | $1.68B | $2.14B | $2.71B | $1.55B | $2.11B | $2.76B | $1.65B | $1.21B | $984.77M | $84.43M | $2.14B | $369.66M | $1.08B | $1.55B | $940.25M | -$50.44M |
| Cash at Beginning | $6.84B | $6.57B | $5.48B | $4.56B | $3.4B | $2.26B | $1.78B | $1.8B | $1.86B | $3.33B | $2.44B | $1.6B | $901.39M | $2.56B | $1.54B | $975.01M | $1.06B | $1.36B | $7.45B | $5.81B | $5.24B | $3.8B | $3.81B | $3.38B | $3.81B |
| Cash at End | $5.25B | $6.85B | $6.57B | $5.48B | $4.56B | $3.4B | $2.26B | $1.78B | $1.8B | $1.86B | $3.33B | $2.44B | $1.6B | $901.39M | $2.56B | $1.54B | $975.01M | $1.06B | $1.36B | $7.45B | $5.81B | $5.24B | $3.8B | $3.81B | $3.38B |