Megaworld Corporation (MGAWF)
Megaworld Corporation is a prominent Philippine real estate company focused on the development, sale, and leasing of properties throughout the country. Its operations are structured across several key segments, including Real Estate, Rental, Hotel Operations, and Corporate and Others. The company excels in creating integrated mixed-use townships that combine residential, commercial, office, leisure, entertainment, and educational/training components. Megaworld's diverse real estate holdings encompass residential condominium units, subdivision lots, townhouses, condotel developments, office buildings, and retail spaces. Beyond its core development and sales activities, the firm actively leases out its commercial and office properties. It also offers a suite of property-related services, such as project design, construction oversight, and comprehensive property management. Further diversifying its ventures, Megaworld provides business process outsourcing, educational facilities, marketing, and e-commerce services, alongside owning and managing a portfolio of hotels. Originally incorporated in 1989 as Megaworld Properties & Holdings, Inc., the company adopted its current name in August 1999. Based in Taguig, Philippines, Megaworld Corporation operates as a subsidiary of Alliance Global Group, Inc.
Sector: Real Estate - Development
Industry: Real Estate - Development
Megaworld Corporation
OTC:MGAWFReal Estate · Real Estate - Development
Mkt Cap-
Float8.84B
O/S32.43B
Inst Own-
EarningsNov 10 · Tomorrow
Dilution
Financials Summary
Revenue$1.32B
Net Income$332.2M
Total Assets$7.74B
Free Cash Flow$223.67M
Debt & Equity
Debt 28%
Equity 72%
Preferred 0%
Total Debt$1.64B
Total Equity$4.23B
Preferred Stock$952K
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in MGAWF's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$7.74B
Liabilities$2.94B
Accounts Receivable$1.09B
Accounts Payable$439.17M
Inventory$2.2B
PP&E (Net)$200.92M
Goodwill$20.75M
Intangible Assets$995K
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 |
| Revenue | $1.32B | $1.2B | $1.02B | $874.49M | $735.96M | $623.22M | $983.26M | $854.06M | $758.36M | $703.08M | $670.5M | $591.92M | $513.08M | $427.9M | $289.61M | $276.02M | $254.99M | $233.76M | $194.53M |
| YoY Growth | 10.1% | 17.7% | 16.8% | 18.8% | 18.1% | -36.6% | 15.1% | 12.6% | 7.9% | 4.9% | 13.3% | 15.4% | 19.9% | 47.8% | 4.9% | 8.2% | 9.1% | 20.2% | - |
| Cost of Revenue | $566.75M | $449.83M | $377.53M | $317.65M | $285.02M | $234.12M | $392.93M | $338.67M | $323.96M | $323.63M | $324.01M | $305.8M | $271.63M | $236.68M | $161.18M | $136.58M | $126.01M | $128.25M | $114.87M |
| Gross Profit | $756.82M | $752.61M | $679.84M | $556.84M | $450.94M | $389.1M | $590.33M | $515.39M | $434.4M | $379.45M | $346.49M | $286.12M | $241.45M | $191.22M | $128.42M | $139.44M | $128.98M | $105.51M | $79.66M |
| Gross Margin | 57.2% | 62.6% | 66.5% | 63.7% | 61.3% | 62.4% | 60.0% | 60.3% | 57.3% | 54.0% | 51.7% | 48.3% | 47.1% | 44.7% | 44.3% | 50.5% | 50.6% | 45.1% | 41.0% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $34.76M | $32.41M | $28.44M | $25.02M | $21.57M | $16.86M | $27.51M | $23.53M | $19.61M | $15.64M | $15.47M | $15.16M | $12.55M | $13.8M | $11.88M | $4.09M | $0 | $0 | $0 |
| Other | $173.58M | $243.56M | $222.93M | -$7.1M | -$6.75M | -$6.85M | -$9.44M | -$7.29M | -$1.56M | -$1.59M | $587K | $10.73M | $9.15M | -$5.38M | $60.44M | -$7.7M | $31.75M | $0 | $0 |
| Total Operating Expenses | $208.34M | $275.97M | $251.37M | $214.79M | $178.48M | $167.91M | $194.13M | $153.45M | $136.04M | $118.05M | $112.92M | $107.06M | $84.41M | $74.45M | $64.45M | $74.52M | $59.13M | $55.22M | $46.69M |
| Operating Income (EBIT) | $548.48M | $476.64M | $410.49M | $351.93M | $294.3M | $257.67M | $436.29M | $367.32M | $318.51M | $263.54M | $240.59M | $210.11M | $189.08M | $116.73M | $143.76M | $106.24M | $87.34M | $75.31M | $57.75M |
| Operating Margin | 41.4% | 39.6% | 40.2% | 40.2% | 40.0% | 41.3% | 44.4% | 43.0% | 42.0% | 37.5% | 35.9% | 35.5% | 36.9% | 27.3% | 49.6% | 38.5% | 34.3% | 32.2% | 29.7% |
| Interest Expense | $45.39M | $48.4M | $41.82M | $35.83M | $30.81M | $26.05M | $24.01M | $20.79M | $24.68M | $23.72M | $23.59M | $22.48M | $20.91M | $14.08M | $14.34M | $0 | $9.32M | $15.72M | $13.09M |
| Interest Income | $36.02M | $49.2M | $58.24M | $46.69M | $33.4M | $31.8M | $42.51M | $28.05M | $20.29M | $19.34M | $21.22M | $16.77M | $24.86M | $29.21M | $19.34M | $14.81M | $11.33M | $9.72M | $6.07M |
| Other Income (Expense) | -$90.88M | -$50.16M | -$31.92M | -$50.58M | -$45.05M | -$5.58M | -$33.58M | -$20.06M | -$32.04M | -$22.35M | -$13.64M | $212.5M | -$39.54M | $35.91M | $17.64M | $0 | -$22.81M | $0 | $0 |
| Income Before Tax (EBT) | $457.61M | $426.47M | $378.57M | $303.76M | $237.13M | $221.16M | $402.71M | $342.05M | $270.87M | $241.24M | $219.93M | $392.66M | $184.08M | $153.26M | $129.42M | $106.24M | $87.34M | $75.31M | $57.75M |
| Income Tax Expense | $77.08M | $82.65M | $70.71M | $59.79M | $8.96M | $53.13M | $96.51M | $87.98M | $60.18M | $55.37M | $52.12M | $49.52M | $40.81M | $35.72M | $1.96M | $25.53M | $22.81M | $15.09M | $8.43M |
| Net Income | $332.2M | $297.53M | $275.25M | $213.52M | $213.19M | $156.88M | $275.61M | $236.72M | $208.6M | $182.37M | $162.09M | $336.72M | $142.34M | $115.82M | $127.48M | $79.75M | $64.34M | $59.83M | $47.75M |
| Net Income Margin | 25.1% | 24.7% | 26.9% | 24.4% | 29.0% | 25.2% | 28.0% | 27.7% | 27.5% | 25.9% | 24.2% | 56.9% | 27.7% | 27.1% | 44.0% | 28.9% | 25.2% | 25.6% | 24.5% |
| Supplementary Data | |||||||||||||||||||
| EPS | 0.65 | 0.59 | 0.56 | 0.43 | 0.42 | 0.30 | 0.55 | 0.47 | 0.41 | 0.36 | 0.32 | 0.67 | 0.31 | 0.28 | 0.32 | 0.20 | 0.18 | 0.19 | 0.15 |
| Diluted EPS | 0.65 | 0.59 | 0.56 | 0.43 | 0.42 | 0.29 | 0.54 | 0.47 | 0.41 | 0.36 | 0.32 | 0.67 | 0.31 | 0.28 | 0.32 | 0.20 | 0.18 | 0.19 | 0.15 |
| Weighted Average OS | 551.70M | 31.76B | 30.97B | 31.24B | 31.45B | 31.66B | 31.82B | 31.82B | 31.82B | 31.82B | 31.82B | 31.68B | 29.13B | 25.97B | 25.15B | 25.13B | 23.09B | 20.13B | 19.77B |
| EBITDA | $561.65M | $532.89M | $465.3M | $403.98M | $333.81M | $306.94M | $439.35M | $403.32M | $347.56M | $287.14M | $254.24M | $198.93M | $171.63M | $128.67M | $185.17M | $88.39M | $79.66M | $54.08M | $36.44M |
| EBITDA Margin | 42.4% | 44.3% | 45.5% | 46.2% | 45.4% | 49.3% | 44.7% | 47.2% | 45.8% | 40.8% | 37.9% | 33.6% | 33.5% | 30.1% | 63.9% | 32.0% | 31.2% | 23.1% | 18.7% |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | 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 |
| Assets | ||||||||||||||||||
| Current Assets | ||||||||||||||||||
| Cash and Cash Equivalents | $328.88M | $339.93M | $398.55M | $440.43M | $694.97M | $637.4M | $366.65M | $278.39M | $260.73M | $260.18M | $361.22M | $398.99M | $503.87M | $425.71M | $481.21M | $349.62M | $331.28M | $195.59M |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.06M | $0 | $3.58M | $4.09M | $2.66M | $1.73M | $1.98M | $659K | $276K |
| Cash and Short-Term Investments | $328.88M | $339.93M | $405.64M | $440.43M | $694.97M | $637.4M | $366.65M | $278.39M | $260.73M | $261.24M | $361.22M | $402.57M | $507.96M | $428.37M | $482.95M | $351.6M | $331.94M | $195.86M |
| Accounts Receivable | $1.09B | $893.44M | $645.71M | $684.59M | $664.93M | $284.86M | $632.65M | $573.74M | $358.08M | $474.31M | $356.31M | $338.62M | $284.64M | $273.42M | $0 | $0 | $242.71M | $0 |
| Inventory | $2.2B | $2.16B | $2.13B | $1.96B | $1.84B | $1.68B | $1.63B | $1.6B | $1.03B | $994.33M | $975.41M | $903.07M | $557.15M | $458.44M | $309.41M | $0 | $0 | $0 |
| Other Current Assets | -$2.22B | $180.73M | $570.6M | $521.95M | $479.93M | $433.69M | $429.73M | $344.88M | $240.98M | $113.18M | $651.71M | $47.99M | $31.63M | $358.08M | $411.51M | $384.32M | $113.75M | $318.78M |
| Total Current Assets | $1.75B | $3.93B | $3.79B | $3.56B | $3.62B | $3.34B | $3.02B | $2.74B | $2.47B | $2.23B | $2.08B | $1.94B | $1.56B | $1.3B | $1.23B | $742.86M | $694.23M | $520.84M |
| Long-Term Assets | ||||||||||||||||||
| Property, Plant & Equipment Net | $200.92M | $114.16M | $115.42M | $114.21M | $103.64M | $106.63M | $106.36M | $97.91M | $82.05M | $56.65M | $48.41M | $29.63M | $11.13M | $9.47M | $8.58M | $5.72M | $6.05M | $6.83M |
| Goodwill | $20.75M | $20.75M | $21.98M | $21.98M | $21.98M | $21.98M | $21.98M | $20.47M | $20.47M | $20.47M | $20.47M | $20.47M | $5.44M | $5.44M | $0 | $0 | $242.71M | $0 |
| Intangible Assets | $995K | $1.11M | $1.22M | $1.33M | $1.44M | $1.55M | $1.66M | $1.77M | $1.88M | $1.99M | $2.1M | $2.21M | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $2.7B | $130.52M | $134.25M | $2.79B | $2.56B | $2.48B | $2.39B | $2.25B | $2.35B | $138.34M | $1.84B | $190.49M | $260.97M | $172.52M | $39.4M | $313.53M | $246.77M | $243.04M |
| Deferred Tax Assets | $6.32M | $6.74M | $6.55M | $6.25M | $5.99M | $5.39M | $4.9M | $2.28M | $660K | $1.2M | $1.06M | $1.23M | $692K | $671K | $116K | $125K | $125K | $38K |
| Other Long-Term Assets | $3.05B | $3.25B | $2.93B | $3.27M | $3.25M | $2.7M | $1.98M | $5.08M | $5.05M | $1.97B | $1.74M | $1.33B | $918.65M | $779.76M | $186.01M | $7.02M | $6.45M | $5.83M |
| Total Long-Term Assets | $5.98B | $3.52B | $3.2B | $2.93B | $2.7B | $2.62B | $2.53B | $2.37B | $2.46B | $2.19B | $1.91B | $1.57B | $1.2B | $967.87M | $814.57M | $796.89M | $658.65M | $509.07M |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $7.74B | $7.45B | $6.99B | $6.49B | $6.32B | $5.96B | $5.55B | $5.11B | $4.93B | $4.42B | $3.99B | $3.51B | $2.76B | $2.26B | $2.05B | $1.54B | $1.35B | $1.03B |
| Liabilities | ||||||||||||||||||
| Current Liabilities | ||||||||||||||||||
| Accounts Payable | $439.17M | $393.43M | $356.89M | $106.61M | $99.48M | $82.07M | $92.92M | $108.98M | $72.55M | $164.86M | $120M | $168.53M | $58.54M | $113.72M | $115.79M | $64.07M | $58.12M | $42.67M |
| Short-Term Debt | $332.72M | $339.69M | $474.01M | $457.72M | $207.64M | $349.87M | $237.98M | $194.73M | $300.9M | $95.3M | $67.36M | $121.01M | $24.83M | $25.19M | $30.95M | $20.81M | $13.5M | $5.54M |
| Current Income Tax Payable | $0 | $424K | $1.1M | $972K | $879K | $2.71M | $4.09M | $3.29M | $3.5M | $2M | $2.07M | $2.32M | $1.05M | $199K | $586K | $461K | $795K | $172K |
| Current Unearned Revenue | $0 | $0 | $0 | $415.43M | $414.55M | $469.43M | $369.89M | $302.39M | $371.32M | $324.84M | $199.54M | $190.79M | $141.86M | $143.87M | $112.57M | $109.54M | $79.25M | $68.16M |
| Other Current Liabilities | -$564.41M | $302.87M | $429.69M | $452.8M | $492.02M | $518.87M | $451.15M | $323.11M | $465.37M | $388.71M | $368.02M | $327.41M | $311.96M | $259.21M | $220.14M | $190.92M | $99.84M | $82.78M |
| Total Current Liabilities | $332.72M | $1.15B | $1.21B | $1.19B | $982.41M | $1.15B | $913.16M | $706.46M | $904.82M | $648.87M | $578.88M | $616.95M | $410.95M | $408.84M | $367.47M | $276.27M | $172.25M | $131.16M |
| Long-Term Liabilities | ||||||||||||||||||
| Long-Term Debt | $1.3B | $1.41B | $1.18B | $1.08B | $1.28B | $1.03B | $981.98M | $1.02B | $909.41M | $895.57M | $787.34M | $431.15M | $429.44M | $293.05M | $309.92M | $176.6M | $254.81M | $152.39M |
| Long-Term Unearned Revenue | $80.53M | $170.43M | $171.26M | $147.16M | $161.68M | $161.25M | $169.74M | $197.39M | $212.67M | $284.98M | $169.92M | $136.16M | $96.86M | $107.97M | $39.28M | $49.2M | $43.43M | $44.76M |
| Long-Term Deferred Tax Liabilities | $266.05M | $252.08M | $231.49M | $194.62M | $183.15M | $183.5M | $170.26M | $142.04M | $162.35M | $157.1M | $152.93M | $129.15M | $106.85M | $92.27M | $81.14M | $51.56M | $41.92M | $29.25M |
| Other Long-Term Liabilities | $958.21M | $44.49M | $54.35M | $43.06M | $50.33M | $53.31M | $393.53M | $389.73M | $553.86M | $599.83M | $494.74M | $415.65M | $301.04M | $71.17M | $94.39M | $57.49M | $49.63M | $42.47M |
| Total Long-Term Liabilities | $2.61B | $1.88B | $1.64B | $1.47B | $1.69B | $1.44B | $1.38B | $1.41B | $1.46B | $1.5B | $1.28B | $846.81M | $730.48M | $564.47M | $524.73M | $334.85M | $389.79M | $268.87M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $2.94B | $3.03B | $2.85B | $2.67B | $2.67B | $2.59B | $2.3B | $2.12B | $2.37B | $2.14B | $1.86B | $1.46B | $1.14B | $973.31M | $892.2M | $611.12M | $562.04M | $400.03M |
| Stockholders' Equity | ||||||||||||||||||
| Preferred Stock | $952K | $952K | $952K | $952K | $952K | $952K | $952K | $952K | $952K | $952K | $952K | $952K | $952K | $952K | $952K | $0 | $0 | $0 |
| Common Stock | $534.7M | $535.51M | $513.69M | $513.69M | $514.64M | $513.69M | $513.69M | $513.69M | $513.69M | $513.69M | $513.69M | $513.56M | $509.4M | $458.27M | $408.93M | $0 | $0 | $0 |
| Retained Earnings | $3.2B | $2.93B | $2.71B | $2.47B | $2.28B | $2.09B | $1.96B | $1.72B | $1.45B | $1.28B | $1.12B | $991.33M | $673.75M | $547.12M | $444.75M | $0 | $0 | $0 |
| Comprehensive Income & Other | $251.44M | $200.54M | $166.53M | $116.93M | -$952K | $103.71M | $106.9M | $113.5M | -$20.32M | -$55.79M | -$40.42M | -$1.81M | $20.39M | $0 | $0 | $0 | $0 | $0 |
| Other Stockholders' Equity | $492.71M | $445.57M | $391.92M | $339.47M | $357.12M | $343.23M | $362.16M | $368.74M | $234.92M | $199.45M | $214.82M | $253.42M | $275.63M | $129.29M | $113.62M | $916.84M | $779.35M | $618.57M |
| Total Equity | $4.23B | $3.91B | $3.62B | $3.32B | $3.16B | $2.94B | $2.83B | $2.6B | $2.2B | $1.99B | $1.85B | $1.76B | $1.46B | $1.13B | $967.3M | $916.84M | $779.35M | $618.57M |
| Minority Interest | $565.9M | $514.8M | $521.23M | $504.54M | $489.79M | $429.51M | $418.96M | $394.9M | $357.47M | $287.83M | $281.27M | $285.57M | $159.1M | $156.87M | $187.51M | $11.79M | $11.49M | $11.31M |
| Total Liabilities and Equity | $7.17B | $6.94B | $6.47B | $5.99B | $5.83B | $5.53B | $5.13B | $4.72B | $4.57B | $4.14B | $3.71B | $3.22B | $2.6B | $2.11B | $1.86B | $1.53B | $1.34B | $1.02B |
| Supplementary Data | ||||||||||||||||||
| Total Debt | $1.64B | $1.75B | $1.64B | $1.52B | $1.5B | $1.37B | $1.21B | $1.2B | $1.19B | $970.91M | $834.74M | $532.2M | $454.27M | $318.25M | $113.75M | $251.62M | $268.31M | $157.92M |
| Net Debt | $1.31B | $1.41B | $1.24B | $1.08B | $800.21M | $734.44M | $847.86M | $923.56M | $927.88M | $710.73M | $473.52M | $133.21M | -$49.59M | -$107.46M | -$367.47M | -$98M | -$62.96M | -$37.66M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 |
| Operating Activities | |||||||||||||||||||
| Net Income | $332.2M | $426.47M | $378.57M | $303.76M | $844.46M | $221.16M | $402.71M | $339.41M | $270.91M | $241.19M | $219.93M | $391.56M | $184.18M | $153.26M | $161.12M | $106.24M | $87.34M | $75.31M | $57.75M |
| Depreciation & Amortization | $58.66M | $58.01M | $55.23M | $52.04M | $39.5M | $49.27M | $43.14M | $36M | $29.05M | $23.6M | $21.4M | $20.64M | $15.18M | $11.94M | $8.99M | $7.03M | $5.8M | $3.79M | $3.46M |
| Deferred Income Tax | $0 | $0 | $0 | -$2.15M | -$660.78M | -$62.07M | -$71.04M | -$28.8M | -$22.43M | -$20.7M | -$18.42M | -$236.18M | -$26.82M | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $157K | $164K | $57K | $260K | $162K | $339K | $283K | $421K | $357K | $762K | $2.32M | $636K | $482K | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | |||||||||||||||||||
| Accounts Receivable | -$148.4M | -$310.85M | -$182.55M | -$90.61M | -$37.72M | $36.92M | -$58.98M | -$120.81M | -$69.69M | -$227.9M | -$101.12M | $19.35M | -$55.45M | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | -$34.22M | -$59.94M | -$151.45M | -$110.81M | -$119.86M | -$39.83M | -$22.14M | -$128.75M | -$18.4M | -$85.35M | -$76.61M | -$195.12M | -$75.51M | -$148.74M | -$16.77M | $6.54M | $0 | $0 | $0 |
| Accounts Payable | $120.94M | $0 | $182.55M | $90.61M | $37.72M | -$36.92M | $58.98M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | -$84.31M | $74.97M | -$186.16M | -$122.18M | -$75.09M | $131.12M | $25.51M | $906K | -$171.13M | -$101.67M | -$124.82M | $42.51M | -$52.15M | $71.16M | $0 | $0 | $0 | $0 | $0 |
| Total Working Capital Change | -$145.99M | -$295.83M | -$337.61M | -$232.99M | -$194.95M | $91.29M | $3.38M | -$127.84M | -$189.53M | -$187.01M | -$201.43M | -$152.61M | -$127.66M | -$77.58M | $19.21M | -$47.27M | -$71.04M | -$50.34M | -$84.92M |
| Other Non-Cash Items | $30.45M | -$8.4M | -$29.57M | $1.82M | $16.24M | $3.11M | -$7.44M | -$1.93M | -$18.04M | -$16.35M | -$16.05M | -$232.73M | -$42.9M | -$56.23M | $84.99M | -$29.08M | -$14.6M | -$22.28M | -$21.35M |
| Net Cash from Operating | $275.31M | $180.42M | $66.68M | $122.75M | $44.63M | $303.09M | $371.04M | $217.25M | $92.75M | $62.18M | $26.18M | $27.5M | $29.29M | $31.39M | $113.19M | $36.91M | $7.51M | $6.48M | -$45.06M |
| Investing Activities | |||||||||||||||||||
| Capital Expenditures | -$51.64M | -$8.59M | -$11.66M | -$11.63M | -$1.97M | -$6.83M | -$5.56M | -$10.38M | -$6.85M | -$7.63M | -$3.31M | -$3.03M | -$3.28M | -$3.2M | -$1.39M | -$990K | -$526K | -$1.02M | -$2.93M |
| Acquisitions | $7K | $0 | -$10K | $0 | $183.15M | $0 | -$5.27M | -$45.4M | -$28.11M | $20K | -$7.23M | -$42.46M | -$131.87M | -$19.81M | $0 | -$6.48M | -$24.24M | -$24.86M | $2.14M |
| Purchases of Investments | -$156.22M | -$13.61M | $0 | $0 | -$3.78M | $0 | $0 | -$195.09M | -$118K | -$198K | -$23.2M | -$21.44M | -$55.45M | -$77.31M | -$32.53M | -$15.73M | -$3.79M | -$19.65M | -$85.11M |
| Sales of Investments | $47.74M | $5.43M | $0 | $0 | $0 | $0 | $0 | $16K | $3.43M | -$201.37M | $1.99M | $29.36M | -$14.32M | $6.8M | $61.58M | $7.5M | $46.21M | $16.13M | $27.77M |
| Other Investing Activities | $2.12M | -$210.83M | -$134.44M | -$185.56M | $3.88M | -$93.67M | -$168.74M | -$4.46M | -$207.19M | -$198.45M | -$253.42M | -$200.61M | -$17.56M | $19.44M | -$68.14M | $7.01M | -$49.09M | -$42.41M | -$21.45M |
| Net Cash from Investing | -$158M | -$227.6M | -$146.12M | -$197.2M | $181.28M | -$100.5M | -$179.57M | -$255.31M | -$238.84M | -$206.26M | -$285.17M | -$238.19M | -$208.17M | -$74.08M | -$39.09M | -$8.68M | -$7.19M | -$71.81M | -$107.35M |
| Financing Activities | |||||||||||||||||||
| Debt Repaid | - | -$85.58M | -$130.16M | $30.62M | -$89.83M | -$180.67M | -$21.87M | -$152.85M | -$217.27M | -$113.94M | -$284.37M | -$76.48M | -$119.98M | $24.74M | -$64.73M | $16.7M | -$111.89M | -$64.15M | -$31.1M |
| Common Stock Issuance | -$2M | $41.46M | $13.46M | $28K | $0 | $28K | $14K | -$4.61M | $0 | $0 | $127K | $4.16M | $181.65M | $49.35M | $0 | $36.06M | $45.3M | $0 | $161.79M |
| Common Stock Repurchases | $0 | $0 | -$10.61M | -$14.54M | -$6.48M | -$15.78M | $0 | -$3.99M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$5.04M | -$9.14M |
| Dividends Paid | $0 | -$42.25M | -$32.67M | -$30.33M | -$39.92M | $0 | -$38.25M | -$30.34M | -$27.33M | -$25.53M | -$30.72M | -$19.79M | -$16.35M | -$13.32M | -$9.51M | -$8.25M | -$7.6M | -$6.38M | -$6.55M |
| Other Financing Activities | $37.69M | -$96.22M | -$49.33M | -$100.27M | -$254.9M | -$88.23M | -$45.58M | -$60.36M | -$55.5M | -$46.14M | -$33.82M | -$26.42M | -$30.1M | -$24.1M | -$12.98M | -$21.01M | -$14.23M | -$8.24M | -$8.77M |
| Net Cash from Financing | -$127.24M | -$11.43M | $37.55M | -$180.09M | -$209.89M | $68.17M | -$103.22M | $51.92M | $131.14M | $43.01M | $221.22M | $34.43M | $255.19M | -$12.81M | $41.19M | -$9.89M | $135.37M | $44.49M | $168.43M |
| Forex Effect | -$4.6M | $0 | $0 | $0 | $0 | $0 | $0 | $3.79M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | -$14.53M | -$58.61M | -$41.89M | -$254.54M | $16.02M | $270.75M | $88.26M | $17.66M | $547K | -$101.04M | -$37.77M | -$104.88M | $78.16M | -$55.51M | $131.6M | $18.34M | $135.69M | -$20.84M | $21.36M |
| Supplementary Data | |||||||||||||||||||
| Operating Cash Flow | $275.31M | $180.42M | $66.68M | $122.75M | $44.63M | $303.09M | $371.04M | $217.25M | $92.75M | $62.18M | $26.18M | $27.5M | $29.29M | $31.39M | $113.19M | $36.91M | $7.51M | $6.48M | -$45.06M |
| Capital Expenditure | -$51.64M | -$8.59M | -$11.66M | -$11.63M | -$1.97M | -$6.83M | -$5.56M | -$10.38M | -$6.85M | -$7.63M | -$3.31M | -$3.03M | -$3.28M | -$3.2M | -$1.39M | -$990K | -$526K | -$1.02M | -$2.93M |
| Free Cash Flow | $223.67M | $171.83M | $55.02M | $111.12M | $42.66M | $296.25M | $365.49M | $206.88M | $85.9M | $54.55M | $22.87M | $24.46M | $26M | $28.18M | $111.81M | $35.92M | $6.99M | $5.46M | -$47.99M |
| Cash at Beginning | $343.41M | $398.55M | $440.43M | $694.97M | $359.17M | $366.65M | $278.39M | $260.73M | $260.18M | $361.22M | $398.99M | $503.87M | $425.71M | $481.21M | $349.62M | $331.28M | $195.59M | $216.42M | $195.06M |
| Cash at End | $328.88M | $339.93M | $398.55M | $440.43M | $375.18M | $637.4M | $366.65M | $278.39M | $260.73M | $260.18M | $361.22M | $398.99M | $503.87M | $425.71M | $481.21M | $349.62M | $331.28M | $195.59M | $216.42M |