Jardine Cycle & Carriage Ltd. (JCYCF)
Jardine Cycle & Carriage Limited, a Singapore-based investment holding company and a subsidiary of Jardine Strategic Singapore Pte Ltd., boasts a broad international operational footprint with a notable presence in Indonesia. Its diverse business ventures span several key sectors. In the automotive sector, the company oversees the entire value chain, from manufacturing and component supply to the distribution, retail, and after-sales support for various motor vehicles. This includes managing dealership networks for prominent brands like Toyota, Daihatsu, Isuzu, Peugeot, UD Trucks, and Honda motorcycles, in addition to manufacturing and retailing BMW vehicles and operating Lexus dealerships. Its financial services division delivers a comprehensive suite of offerings, such as financing for motorcycles, cars, and heavy equipment, insurance protection for both individual and commercial customers, retail consumer lending products, and innovative digital payment solutions. Within heavy equipment, Jardine Cycle & Carriage stands as a significant supplier, providing machinery and robust after-sales services to vital industries including mining, plantations, construction, and forestry, distributing leading brands like Komatsu, UD, SCANIA, Bomag, and Tadano. The company's involvement in mining, construction, and energy encompasses owning and operating assets in thermal and metallurgical coal, gold, and thermal power, alongside participation in general construction and renewable energy projects. Its agribusiness segment is dedicated to the cultivation, harvesting, and processing of palm oil. For infrastructure and logistics, it focuses on the development and management of toll roads. In information technology, the company provides printing and digital service solutions, while also distributing FUJIFILM business products. Finally, its property endeavors include the development of both commercial office spaces and residential buildings. Established in 1899, the company adopted its current name, Jardine Cycle & Carriage Limited, in 2004, having previously operated as Cycle & Carriage Ltd.
Sector: American Depositary Receipts
Industry: Auto - Manufacturers
Jardine Cycle & Carriage Limited
OTC:JCYCFConsumer Cyclical · Auto - Manufacturers
Mkt Cap-
Float47.97M
O/S-
Inst Own-
SI0.3%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$21.69B
Net Income$1.01B
Total Assets$33.2B
Free Cash Flow$2.15B
Debt & Equity
Debt 46%
Equity 54%
Total Debt$7.43B
Total Equity$8.59B
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in JCYCF's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$33.2B
Liabilities$14.26B
Accounts Receivable$6B
Accounts Payable$4.95B
Inventory$2.79B
PP&E (Net)$6.17B
Goodwill$429.1M
Intangible Assets$1.26B
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | 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 |
| Revenue | $21.69B | $22.3B | $22.23B | $21.79B | $17.69B | $13.23B | $18.59B | $18.99B | $17.7B | $15.76B | $15.72B | $18.68B | $19.79B | $21.54B | $20.08B | $15.68B | $10.64B | $11.19B | $8.9B | $7.19B | $3.8B | $1.41B | $1.2B |
| YoY Growth | -2.7% | 0.3% | 2.0% | 23.2% | 33.7% | -28.8% | -2.1% | 7.3% | 12.3% | 0.3% | -15.8% | -5.6% | -8.1% | 7.3% | 28.1% | 47.4% | -4.9% | 25.8% | 23.8% | 89.2% | 170.2% | 16.8% | - |
| Cost of Revenue | $16.77B | $17.43B | $17.19B | $16.89B | $13.92B | $10.42B | $14.77B | $15.09B | $14.28B | $12.8B | $12.77B | $15.22B | $16.28B | $17.52B | $16.25B | $12.58B | $8.3B | $8.83B | $6.98B | $5.73B | $3.09B | $1.23B | $1.09B |
| Gross Profit | $4.66B | $4.87B | $5.05B | $4.91B | $3.77B | $2.82B | $3.82B | $3.9B | $3.42B | $2.96B | $2.95B | $3.46B | $3.51B | $4.02B | $3.83B | $3.1B | $2.34B | $2.36B | $1.91B | $1.45B | $703.6M | $173.7M | $111.3M |
| Gross Margin | 21.5% | 21.8% | 22.7% | 22.5% | 21.3% | 21.3% | 20.6% | 20.6% | 19.3% | 18.8% | 18.8% | 18.5% | 17.7% | 18.7% | 19.1% | 19.8% | 22.0% | 21.1% | 21.5% | 20.2% | 18.5% | 12.4% | 9.3% |
| 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 |
| Selling, General, and Administrative | $2.24B | $2.18B | $2.14B | $2.07B | $2.01B | $2B | $1.94B | $1.95B | $1.88B | $1.62B | $1.63B | $1.74B | $1.73B | $1.88B | $1.76B | $1.46B | $1.08B | $1.16B | $996.1M | $899.3M | $502.8M | $103.4M | $106.3M |
| Other | -$94.5M | $80.5M | -$199.1M | $129.4M | $57.8M | -$701M | -$316.2M | -$28.21M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $270.1M | $81.4M | $99.7M | $245.5M | $282M | $185M |
| Total Operating Expenses | $2.14B | $2.26B | $1.94B | $2.2B | $2.07B | $1.3B | $1.63B | $2.19B | $1.65B | $1.46B | $1.79B | $1.68B | $1.45B | $1.59B | $1.48B | $853.1M | $1.03B | $1.21B | $852M | $851.2M | $449.5M | $84.8M | $91.8M |
| Operating Income (EBIT) | $2.36B | $2.61B | $3.1B | $2.71B | $1.7B | $1.52B | $2.2B | $1.72B | $1.76B | $1.5B | $1.17B | $1.78B | $2.06B | $2.43B | $2.35B | $2.25B | $1.31B | $1.15B | $1.06B | $601.8M | $254.1M | $88.9M | $19.5M |
| Operating Margin | 10.9% | 11.7% | 14.0% | 12.4% | 9.6% | 11.5% | 11.8% | 9.1% | 10.0% | 9.5% | 7.4% | 9.5% | 10.4% | 11.3% | 11.7% | 14.3% | 12.3% | 10.3% | 11.9% | 8.4% | 6.7% | 6.3% | 1.6% |
| Interest Expense | $280.38M | $315.5M | $271.5M | $183.12M | $177.67M | $269.9M | $367.97M | $257.78M | $85.3M | $66.7M | $61.4M | $111.87M | $87.81M | $95.8M | $83.7M | $55.4M | $48.4M | $54.9M | $79.7M | $0 | $0 | $0 | $0 |
| Interest Income | $179.84M | $173.9M | $149M | $123.31M | $125.59M | $126.91M | $94.35M | $91.17M | $111.6M | $93.3M | $84.1M | $97.53M | $77.7M | $72M | $82.1M | $55.9M | $54.2M | $63.7M | $35.6M | $0 | $0 | $0 | $0 |
| Other Income (Expense) | $713.18M | $611.1M | $610.3M | $517.2M | $538.3M | -$36.8M | $352.6M | $450.7M | $400.4M | $340.8M | $441M | $561.2M | $561.8M | $539.9M | $672.8M | $578.4M | $261.6M | $278.9M | $81.6M | $116.78M | $245.5M | $282M | $185M |
| Income Before Tax (EBT) | $3.08B | $3.22B | $3.71B | $3.23B | $2.23B | $1.48B | $2.55B | $2.17B | $2.29B | $1.84B | $1.62B | $2.34B | $2.62B | $2.97B | $3.03B | $2.83B | $1.59B | $1.43B | $1.14B | $701.5M | $499.6M | $370.9M | $204.5M |
| Income Tax Expense | $624.32M | $667.6M | $737.8M | $771.3M | $515.3M | $234.8M | $573.5M | $595.2M | $488.9M | $343M | $336M | $478.8M | $535.6M | $636.7M | $583.2M | $583.2M | $393.4M | $366.6M | $317.5M | $174.2M | $73.8M | $14.5M | $5.5M |
| Net Income | $1.01B | $945.8M | $1.22B | $739.8M | $660.6M | $540.3M | $881.4M | $419.6M | $811.2M | $701.7M | $688.1M | $820.2M | $915M | $987M | $1.03B | $944.3M | $502.8M | $448.2M | $824.5M | $527.3M | $425.8M | $349.4M | $182.6M |
| Net Income Margin | 4.7% | 4.2% | 5.5% | 3.4% | 3.7% | 4.1% | 4.7% | 2.2% | 4.6% | 4.5% | 4.4% | 4.4% | 4.6% | 4.6% | 5.1% | 6.0% | 4.7% | 4.0% | 9.3% | 7.3% | 11.2% | 24.9% | 15.2% |
| Supplementary Data | |||||||||||||||||||||||
| EPS | 2.56 | 2.39 | 3.08 | 1.87 | 1.67 | 1.37 | 2.23 | 1.06 | 2.05 | 1.78 | 1.82 | 2.24 | 2.57 | 2.70 | 2.82 | 2.58 | 1.37 | 1.24 | 2.32 | 1.51 | 1.24 | 1.03 | 0.62 |
| Diluted EPS | 2.56 | 2.39 | 3.08 | 1.87 | 1.67 | 1.37 | 2.23 | 1.06 | 2.05 | 1.78 | 1.82 | 2.24 | 2.50 | 2.70 | 2.82 | 2.58 | 1.37 | 1.24 | 2.32 | 1.51 | 1.23 | 1.03 | 0.62 |
| Weighted Average OS | 395.20M | 395.20M | 395.20M | 395.20M | 395.20M | 395.20M | 395.20M | 395.20M | 395.20M | 395.20M | 378.10M | 365.90M | 355.70M | 365.71M | 365.71M | 365.71M | 365.71M | 362.42M | 355.12M | 348.53M | 344.55M | 339.99M | 295.17M |
| EBITDA | $3.54B | $4.68B | $4.35B | $3.91B | $2.88B | $2.67B | $3.3B | $2.5B | $2.51B | $2.05B | $1.75B | $3.08B | $3.45B | $3.79B | $3.74B | $3.4B | $2.03B | $1.8B | $1.06B | $601.8M | $254.1M | $88.9M | $19.5M |
| EBITDA Margin | 16.3% | 21.0% | 19.5% | 18.0% | 16.3% | 20.2% | 17.7% | 13.1% | 14.2% | 13.0% | 11.1% | 16.5% | 17.4% | 17.6% | 18.6% | 21.7% | 19.0% | 16.1% | 11.9% | 8.4% | 6.7% | 6.3% | 1.6% |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | 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 |
| Assets | |||||||||||||||||||||||
| Current Assets | |||||||||||||||||||||||
| Cash and Cash Equivalents | $3.27B | $3.09B | $2.78B | $4.02B | $4.59B | $3.5B | $1.84B | $1.9B | $2.64B | $2.47B | $2.18B | $1.77B | $1.6B | $1.23B | $1.5B | $838M | $961.5M | $839.6M | $6.9M | $29.1M | $300K | $1.8M | $36.1M |
| Short-Term Investments | $374M | $50M | $55M | $18.2M | $45.6M | $60.4M | $28.8M | $50.4M | $22.7M | $65.2M | $31.7M | $17.8M | $17.5M | $13.2M | $4.5M | $5.7M | $2.3M | $3.7M | $0 | $0 | $0 | $0 | $100K |
| Cash and Short-Term Investments | $3.64B | $3.14B | $2.84B | $4.04B | $4.63B | $3.56B | $1.87B | $1.95B | $2.66B | $2.53B | $2.21B | $1.79B | $1.62B | $1.24B | $1.51B | $843.7M | $963.8M | $843.3M | $6.9M | $29.1M | $300K | $1.8M | $36.2M |
| Accounts Receivable | $6B | $5.61B | $1.8B | $1.87B | $5.27B | $2.38B | $6.1B | $0 | $5.19B | $0 | $0 | $4.81B | $4.58B | $0 | $4.59B | $3.2B | $2.22B | $1.69B | $0 | $0 | $0 | $0 | $0 |
| Inventory | $2.79B | $2.44B | $3.15B | $2.13B | $1.91B | $1.71B | $1.91B | $2.04B | $1.66B | $1.55B | $1.53B | $1.54B | $1.35B | $1.74B | $1.45B | $1.31B | $895.7M | $921.4M | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $1K | $600M | $3.78B | $4.02B | $4.67M | $2.41B | $398.7M | $0 | $226M | $0 | $0 | $0 | $0 | $5.19B | $64.5M | $128.5M | $66.8M | $40.8M | $8.4M | $20M | $19.8M | $35.8M | $606.3M |
| Total Current Assets | $12.43B | $11.79B | $11.56B | $12.13B | $11.81B | $10.06B | $10.27B | $10.11B | $9.85B | $8.85B | $8.13B | $8.14B | $7.54B | $8.17B | $7.61B | $5.48B | $4.15B | $3.5B | $15.3M | $49.1M | $20.1M | $37.6M | $642.5M |
| Long-Term Assets | |||||||||||||||||||||||
| Property, Plant & Equipment Net | $6.17B | $6.19B | $6.3B | $4.89B | $5.12B | $5.57B | $6.09B | $4.97B | $3.91B | $3.48B | $2.88B | $3.55B | $3.75B | $4.31B | $3.54B | $3.47B | $2.14B | $1.6B | $700K | $900K | $900K | $900K | $900K |
| Goodwill | $429.1M | $440.1M | $394.8M | $368.1M | $388.6M | $398.5M | $369.2M | $359.4M | $202.9M | $205.9M | $200.6M | $187.2M | $191.1M | $226.3M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $1.26B | $1.3B | $1.32B | $1.31B | $1.39B | $1.42B | $1.43B | $1.87B | $1.5B | $1.39B | $1.26B | $1.35B | $1.15B | $1.23B | $1.4B | $1.14B | $1.05B | $879M | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $12.4B | $7.97B | $8.21B | $6.69B | $6.6B | $6.26B | $7.14B | $6.11B | $6.25B | $4.16B | $3.63B | $3.13B | $2.77B | $3.04B | $3B | $2.62B | $2.02B | $1.35B | $0 | $0 | $0 | $0 | $500.3M |
| Deferred Tax Assets | $502.24M | $449.5M | $455.5M | $404M | $391.6M | $370.8M | $359.2M | $300.3M | $320.2M | $291.2M | $220M | $231.6M | $195.3M | $183M | $115.5M | $80.2M | $69.3M | $57.4M | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $0 | $4.22B | $4.15B | $3.52B | $3.36B | $3.44B | $3.4B | $3.51B | $3.47B | $3.22B | $3.78B | $4.03B | $3.61B | $3.59B | $3.42B | $1.74B | $1.65B | $1.45B | $1.31B | $1.25B | $1.4B | $1.41B | $100K |
| Total Long-Term Assets | $20.77B | $20.57B | $20.83B | $17.17B | $17.24B | $17.46B | $18.8B | $17.12B | $15.65B | $12.74B | $11.98B | $12.48B | $11.67B | $12.58B | $11.48B | $9.05B | $6.93B | $5.33B | $1.31B | $1.25B | $1.4B | $1.41B | $501.3M |
| 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 |
| Total Assets | $33.2B | $32.35B | $32.39B | $29.3B | $29.05B | $27.51B | $29.07B | $27.23B | $25.5B | $21.59B | $20.11B | $20.62B | $19.21B | $20.75B | $19.1B | $14.54B | $11.08B | $8.83B | $1.33B | $1.3B | $1.42B | $1.45B | $1.14B |
| Liabilities | |||||||||||||||||||||||
| Current Liabilities | |||||||||||||||||||||||
| Accounts Payable | $4.95B | $5.12B | $156.7M | $5.14B | $4.49B | $103.7M | $171.3M | $4.95B | $4.15B | $3.36B | $3.01B | $2.98B | $2.84B | $2.85B | $3.09B | $2.22B | $1.65B | $1.25B | $1.1B | $0 | $250.6M | $0 | $0 |
| Short-Term Debt | $4.25B | $3.09B | $3.41B | $2.84B | $2.69B | $4.16B | $4.57B | $4.56B | $4.52B | $3.44B | $971.6M | $1.18B | $1.07B | $2.74B | $2.42B | $2B | $1.24B | $1.21B | $38.1M | $182.4M | $254M | $273.7M | $137.3M |
| Current Income Tax Payable | $0 | $123.9M | $212.51M | $280.2M | $239M | $87.3M | $100M | $213.8M | $135.4M | $95.7M | $107.5M | $105.8M | $68.6M | $130M | $115.9M | $91.7M | $115.8M | $141.9M | $800K | $800K | $800K | $900K | $1.2M |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $800K | $0 | $0 |
| Other Current Liabilities | $113.39M | $114M | $5.31B | $84.6M | $4.49B | $3.51B | $4.22B | $74.3M | $72.2M | $85.7M | $1.69B | $1.89B | $2.07B | $39.6M | $37.2M | $34.2M | $34M | $1.28B | -$1.16B | $70.1M | $66.2M | $129.3M | $40.9M |
| Total Current Liabilities | $9.51B | $8.53B | $9.2B | $8.43B | $7.58B | $7.96B | $9.14B | $9.84B | $8.97B | $6.99B | $5.83B | $6.22B | $6.1B | $5.81B | $5.66B | $4.35B | $3.05B | $2.63B | $113.5M | $253.3M | $571.6M | $403.9M | $179.4M |
| Long-Term Liabilities | |||||||||||||||||||||||
| Long-Term Debt | $2.92B | $3.95B | $3.9B | $3.11B | $3.87B | $2.97B | $3.62B | $2.78B | $2.33B | $1.86B | $701.1M | $2.62B | $2.22B | $3B | $2.64B | $1.55B | $1.13B | $963.8M | $0 | $0 | $0 | $0 | $5.6M |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $144.7M | $115.6M | $124.4M | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $378.9M | $413.1M | $468.1M | $385.9M | $358.9M | $343.5M | $416.5M | $428M | $212.9M | $188M | $293.8M | $401.7M | $466.4M | $548.6M | $412.5M | $330M | $246.3M | $219.3M | $300K | $400K | $400K | $400K | $400K |
| Other Long-Term Liabilities | $1.26B | $866.6M | $835M | $708.3M | $781.9M | $854.1M | $818.7M | $671.1M | $458.8M | $474.6M | $2.57B | $579.3M | $534.7M | $575M | $413.4M | $106.9M | $101.5M | $67M | $0 | $0 | $0 | $0 | $0 |
| Total Long-Term Liabilities | $4.75B | $5.41B | $5.38B | $4.28B | $5.08B | $4.24B | $4.95B | $3.9B | $3.09B | $2.53B | $3.27B | $3.61B | $3.23B | $4.22B | $3.47B | $2.13B | $1.6B | $1.37B | $300K | $400K | $400K | $400K | $6M |
| 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 |
| Total Liabilities | $14.26B | $13.93B | $14.58B | $12.85B | $12.66B | $12.21B | $14.09B | $13.74B | $12.06B | $9.51B | $9.1B | $9.82B | $9.33B | $10.04B | $9.13B | $6.48B | $4.65B | $4.01B | $113.8M | $253.7M | $572M | $404.3M | $185.4M |
| Stockholders' Equity | |||||||||||||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $1.38B | $1.38B | $1.38B | $1.38B | $1.38B | $1.38B | $1.38B | $1.38B | $1.38B | $1.38B | $1.38B | $632.6M | $632.6M | $632.6M | $632.3M | $632.3M | $632.3M | $632.3M | $0 | $0 | $0 | $0 | $0 |
| Retained Earnings | $0 | $9.07B | $8.59B | $7.78B | $7.43B | $6.89B | $6.68B | $6.18B | $6.12B | $5.49B | $5.04B | $4.79B | $4.31B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Comprehensive Income & Other | -$2.81B | -$2.16B | -$1.94B | -$2.03B | -$1.44B | $5.59B | -$1.2B | $4.76B | $5.03B | $4.37B | $3.79B | -$799.9M | -$679.1M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Stockholders' Equity | $7.21B | -$2.16B | -$1.93B | -$2.03B | -$1.44B | -$1.29B | -$1.2B | -$1.41B | -$1.07B | -$1.12B | -$1.15B | -$799.9M | -$679.1M | $4.01B | $3.77B | $3.11B | $2.34B | $1.63B | $1.21B | $1.05B | $851.9M | $1.05B | $958.4M |
| Total Equity | $8.59B | $8.29B | $8.04B | $7.14B | $7.37B | $6.97B | $6.86B | $6.15B | $6.43B | $5.75B | $5.27B | $4.62B | $4.26B | $4.64B | $4.41B | $3.74B | $2.97B | $2.26B | $1.21B | $1.05B | $851.9M | $1.05B | $958.4M |
| Minority Interest | $10.35B | $10.13B | $9.77B | $9.31B | $9.03B | $8.33B | $8.12B | $7.35B | $7.01B | $6.32B | $5.74B | $6.18B | $5.62B | $6.07B | $5.56B | $4.31B | $3.46B | $2.56B | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $22.85B | $22.23B | $22.62B | $19.99B | $20.03B | $19.18B | $20.95B | $19.89B | $18.49B | $15.27B | $14.37B | $14.45B | $13.59B | $14.67B | $13.54B | $10.22B | $7.62B | $6.27B | $1.33B | $1.3B | $1.42B | $1.45B | $1.14B |
| Supplementary Data | |||||||||||||||||||||||
| Total Debt | $7.43B | $7.29B | $7.57B | $6.1B | $6.68B | $7.27B | $8.34B | $7.38B | $6.86B | $5.31B | $5.15B | $5.7B | $5.37B | $5.9B | $5.07B | $3.55B | $2.38B | $2.18B | $38.1M | $182.4M | $254M | $273.7M | $142.9M |
| Net Debt | $4.17B | $4.21B | $4.78B | $2.09B | $2.09B | $3.77B | $6.49B | $5.48B | $4.22B | $2.84B | $2.98B | $3.93B | $3.77B | $4.67B | $3.56B | $2.71B | $1.42B | $1.34B | $31.2M | $153.3M | $253.7M | $271.9M | $106.8M |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | 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 |
| Operating Activities | |||||||||||||||||||||||
| Net Income | $1.01B | $3.22B | $1.22B | $3.23B | $2.23B | $1.48B | $2.55B | $2.17B | $2.29B | $1.84B | $1.62B | $2.34B | $2.62B | $2.97B | $3.03B | $2.83B | $1.59B | $1.43B | $0 | $0 | $0 | $0 | $0 |
| Depreciation & Amortization | $1.18B | $1.14B | $1.04B | $1.01B | $1.06B | $1.15B | $1.1B | $771.37M | $616.28M | $548.07M | $616.6M | $677.4M | $733.3M | $733.5M | $639.7M | $517.4M | $383.6M | $313.4M | $0 | $0 | $0 | $0 | $0 |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | |||||||||||||||||||||||
| Accounts Receivable | -$632.65M | -$726.2M | -$686.37M | -$1.57B | -$794.96M | $1.09B | -$304.06M | -$1.15B | -$951.58M | -$177.94M | $170.42M | -$340.7M | -$176.7M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | -$34.63M | -$98.1M | -$756.16M | -$887.5M | -$319.8M | $447.9M | $78M | -$446.1M | -$199.3M | -$64.5M | -$210M | -$350M | -$19.9M | -$500.3M | -$424M | $0 | $54.2M | -$418M | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $63.26M | -$55.17M | $143.03M | $1.23B | $975.92M | -$1.16B | -$933.07M | $1.04B | $915.53M | $290.81M | $48.18M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | $21.33M | $10.86M | -$151M | -$81.81M | -$1.26M | $37.62M | -$50.67M | -$50.3M | -$347.8M | -$362.2M | $221.7M | -$751.9M | -$328.5M | -$1.32B | -$1.2B | $0 | -$363.4M | $121.6M | $0 | $0 | $0 | $0 | $0 |
| Total Working Capital Change | -$582.69M | -$841.3M | -$1.45B | -$1.31B | -$140.1M | $418.2M | -$1.21B | -$496.4M | -$547.1M | -$426.7M | $11.7M | -$1.1B | -$348.4M | -$1.82B | -$1.63B | -$1.6B | -$309.2M | -$296.4M | $0 | $0 | $0 | $0 | $0 |
| Other Non-Cash Items | $1.61B | -$475.1M | $1.67B | -$67.3M | -$129M | -$298.62M | -$729.19M | -$455.17M | -$708.68M | -$562.17M | -$367M | -$674.8M | -$1.08B | -$1.03B | -$1.06B | -$1.41B | -$582.9M | -$317.4M | $1.23B | $1.26B | -$119.1M | $125.4M | $133.4M |
| Net Cash from Operating | $3.22B | $3.04B | $2.47B | $2.85B | $3.03B | $2.75B | $1.71B | $1.99B | $1.65B | $1.4B | $1.88B | $1.24B | $1.93B | $850.2M | $972.8M | $337.7M | $1.08B | $1.13B | $1.23B | $1.26B | -$119.1M | $125.4M | $133.4M |
| Investing Activities | |||||||||||||||||||||||
| Capital Expenditures | -$1.13B | -$1.04B | -$1.46B | -$909.3M | -$512.7M | -$458.8M | -$1.08B | -$1.06B | -$897.6M | -$629.5M | -$667.1M | -$958.6M | -$1.01B | -$1.24B | -$1.23B | -$774.9M | -$555M | -$704.6M | -$404M | -$433.9M | -$284.8M | -$23.3M | -$10.1M |
| Acquisitions | -$297.54M | $88.5M | -$423.9M | -$397.6M | -$77.1M | $1.05B | -$473.7M | -$1.32B | -$561.8M | -$390.7M | -$785M | -$113.6M | -$137.7M | -$226.4M | -$258.9M | -$120M | -$107.8M | -$339.2M | -$2M | -$35.4M | -$337.9M | $36.7M | -$14.1M |
| Purchases of Investments | -$832.6M | -$292M | -$645.2M | -$481M | -$375M | -$483.4M | -$401.1M | -$691.9M | -$1.61B | -$207.6M | -$116M | -$183.3M | -$99.4M | -$253.7M | -$263.5M | -$163.3M | -$105.1M | -$156.2M | -$61.2M | -$255.2M | -$44.7M | -$344.1M | -$144.3M |
| Sales of Investments | $419.8M | $170.9M | $156.6M | $226.7M | $245.5M | $444.8M | $292.3M | $234.9M | $273.1M | $121.7M | $102.2M | $98.2M | $108.8M | $329.9M | $123.8M | $109.6M | $55.9M | $66.4M | $55.3M | $900K | $52.8M | $149.3M | $11.7M |
| Other Investing Activities | $0 | -$20.4M | -$670.4M | $37.1M | $30.8M | $28.7M | $10.7M | $558.2M | $382.8M | $173.7M | $174.3M | $100.6M | $34.4M | $245.2M | $552.4M | $203.2M | $289.4M | $257.4M | $64.9M | $218.9M | $811M | $63.3M | $137.9M |
| Net Cash from Investing | -$1.84B | -$1.09B | -$3.04B | -$1.52B | -$688.5M | $585.3M | -$1.65B | -$2.28B | -$2.31B | -$827.2M | -$1.16B | -$834.3M | -$838.1M | -$917.8M | -$1.12B | -$627M | -$508.3M | -$835.9M | -$316.3M | -$486.4M | $208.1M | -$118.1M | -$18.9M |
| Financing Activities | |||||||||||||||||||||||
| Debt Repaid | -$197.7M | $40.4M | -$1.36B | -$2.27B | $536.4M | $962.8M | -$657.7M | -$578.1M | -$1.45B | -$205.7M | $161.21M | -$418.7M | -$251.6M | -$912.8M | -$1.42B | -$979.7M | $118.36M | -$164.6M | $605.4M | $3.06B | $1.49B | $206.3M | - |
| Common Stock Issuance | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $748.4M | $0 | $0 | $0 | $0 | $0 | $0 | $100K | $200K | $200K | $1.2M | $2.1M | $137.8M |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | -$443.16M | -$466.4M | -$442.9M | -$366.86M | -$203.87M | -$324.79M | -$352.35M | -$339.4M | -$294.2M | -$270.1M | -$305.9M | -$379.6M | -$435.1M | -$445.4M | -$351.9M | -$242.48M | -$177.18M | -$81.02M | -$21.67M | -$13.15M | -$9.71M | -$8.39M | -$20.2M |
| Other Financing Activities | -$861.12M | -$1.02B | -$1.64B | -$3.5B | -$385.53M | -$429.84M | -$558.15M | -$649.8M | -$333.5M | -$242.6M | -$463.8M | -$313.5M | -$315.6M | -$631M | -$245.33M | -$593.92M | -$134.21M | -$82.61M | -$147.53M | $2.24B | $1.79B | $267.8M | -$197.9M |
| Net Cash from Financing | -$1.11B | -$1.53B | -$723.9M | -$1.59B | -$1.23B | -$1.76B | -$161.8M | -$348.7M | $823.3M | -$290.2M | -$187.6M | -$274.4M | -$499.1M | -$169.9M | $837.5M | $143.3M | -$548.1M | -$22.9M | -$774.4M | -$750.2M | $224.3M | $48.4M | -$80.3M |
| Forex Effect | -$81.51M | -$115.9M | $56M | -$307.2M | -$18.8M | $74M | $60M | -$120.5M | $5.3M | $10.4M | -$113.8M | $25.9M | -$193.6M | -$61.6M | -$26.6M | $31.7M | $100.9M | -$103.8M | -$18.4M | $37.3M | $700K | $5.2M | $0 |
| Net Change in Cash | $183.84M | $305.6M | -$1.24B | -$570.7M | $1.09B | $1.65B | -$38.1M | -$758.3M | $174.1M | $292.7M | $414.9M | $157.1M | $400M | -$299.1M | $662.4M | -$114.3M | $123M | $167M | $120.2M | $60.9M | $314M | $60.9M | $34.2M |
| Supplementary Data | |||||||||||||||||||||||
| Operating Cash Flow | $3.22B | $3.04B | $2.47B | $2.85B | $3.03B | $2.75B | $1.71B | $1.99B | $1.65B | $1.4B | $1.88B | $1.24B | $1.93B | $850.2M | $972.8M | $337.7M | $1.08B | $1.13B | $1.23B | $1.26B | -$119.1M | $125.4M | $133.4M |
| Capital Expenditure | -$1.06B | -$1.12B | -$1.56B | -$909.3M | -$512.7M | -$458.8M | -$1.08B | -$1.06B | -$897.6M | -$629.5M | -$667.1M | -$958.6M | -$1.01B | -$1.24B | -$1.23B | -$774.9M | -$555M | -$704.6M | -$404M | -$433.9M | -$284.8M | -$23.3M | -$10.1M |
| Free Cash Flow | $2.15B | $1.92B | $906.4M | $1.94B | $2.52B | $2.3B | $635.5M | $932.7M | $757.3M | $770.2M | $1.21B | $281.3M | $924.5M | -$385M | -$254M | -$437.2M | $523.5M | $425M | $825.3M | $826.3M | -$403.9M | $102.1M | $123.3M |
| Cash at Beginning | $3.08B | $2.78B | $4.02B | $4.59B | $3.5B | $1.84B | $1.88B | $2.64B | $2.47B | $2.17B | $1.76B | $1.6B | $1.2B | $1.5B | $847.8M | $962.1M | $839.1M | $672.1M | $551.9M | $491M | $177M | $116.1M | $81.9M |
| Cash at End | $3.27B | $3.09B | $2.78B | $4.02B | $4.59B | $3.5B | $1.84B | $1.88B | $2.64B | $2.47B | $2.17B | $1.76B | $1.6B | $1.2B | $1.51B | $847.8M | $962.1M | $839.1M | $672.1M | $551.9M | $491M | $177M | $116.1M |