Compagnie Générale des Établissements Michelin Société en commandite par actions (MGDDY)
Compagnie Générale des Établissements Michelin Société en commandite par actions, commonly known as Michelin, operates globally, specializing in the production and distribution of tires. Its extensive tire portfolio caters to a broad spectrum of vehicles, encompassing both personal use (e.g., cars, racing vehicles, bicycles, motorcycles, scooters, and mopeds) and commercial applications, including freight, public transport, agricultural machinery, construction and industrial equipment, mining operations, corporate fleets, small businesses, civil and military deployments, light rail systems, and aircraft. Beyond its core tire offerings, Michelin also provides a diverse range of ancillary services and products. This includes developing mobility solutions tailored for fleet managers, vehicle manufacturers, agricultural professionals, distributors, and individual consumers. Furthermore, it delivers various mobility services, such as digital and physical road maps, mobile applications, itinerary planning tools, and comprehensive travel guides. Its lifestyle division features consumer goods like automotive and cycling accessories, specialized shoe soles, and equipment for sports and leisure. The company also innovates in high-tech materials, with a focus on areas such as 3D metal printing, specialized rubber compounds, biosourced materials, and recycled content. Established in 1863, Compagnie Générale des Établissements Michelin Société en commandite par actions maintains its headquarters in Clermont-Ferrand, France.
Sector: Auto - Parts
Industry: Auto - Parts
Compagnie Générale des Établissements Michelin Société en commandite par actions
OTC:MGDDYConsumer Cyclical · Auto - Parts
-1.02%$18.37
CLOSED · Nov 6Prev close$18.56-1.02%Close$18.37
Mkt Cap$25.15B
Float-
O/S1.37B
VOL107K sh
$ Vol$1.97M
RVOL0.56×
Inst Own-
EarningsFeb 11 · in 3mo
Div Yield4.36%
Dilution
Financials Summary
Revenue$29.02B
Net Income$1.86B
Total Assets$39.1B
Free Cash Flow$2B
Debt & Equity
Debt 27%
Equity 73%
Total Debt$7.38B
Total Equity$20.18B
Shares Outstanding
Short Interest
Split History1 split
- 1.6:1Forward splitJun 22, 20221 share → 1.6
Balance Sheet Details
Assets$39.1B
Liabilities$18.92B
Accounts Receivable$3.87B
Accounts Payable$3.74B
Inventory$5.69B
PP&E (Net)$14.76B
Goodwill$2.97B
Intangible Assets$2.17B
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Revenue | $29.02B | $30.36B | $31.64B | $31.92B | $26.57B | $22.85B | $26.95B | $24.59B | $24.52B | $23.34B | $23.67B | $21.83B | $22.61B | $23.98B | $23.13B | $19.98B | $16.53B | $18.32B | $18.83B | $18.29B | $17.41B | $16.8B | $17.16B | $17.47B |
| YoY Growth | -4.4% | -4.1% | -0.9% | 20.2% | 16.2% | -15.2% | 9.6% | 0.3% | 5.0% | -1.4% | 8.4% | -3.4% | -5.7% | 3.6% | 15.8% | 20.8% | -9.8% | -2.7% | 2.9% | 5.1% | 3.6% | -2.1% | -1.8% | - |
| Cost of Revenue | $21.18B | $21.71B | $22.77B | $23.5B | $18.77B | $16.47B | $19.04B | $16.65B | $16.54B | $15.42B | $15.9B | $14.85B | $15.45B | $16.48B | $16.55B | $13.85B | $11.75B | $13.42B | $13.19B | $13.01B | $12.1B | $11.4B | $6B | $5.91B |
| Gross Profit | $7.84B | $8.65B | $8.87B | $8.42B | $7.8B | $6.38B | $7.91B | $7.95B | $7.98B | $7.92B | $7.77B | $6.98B | $7.15B | $7.49B | $6.59B | $6.13B | $4.78B | $4.89B | $5.64B | $5.28B | $5.31B | $5.4B | $11.16B | $11.56B |
| Gross Margin | 27.0% | 28.5% | 28.0% | 26.4% | 29.4% | 27.9% | 29.3% | 32.3% | 32.5% | 33.9% | 32.8% | 32.0% | 31.6% | 31.2% | 28.5% | 30.7% | 28.9% | 26.7% | 29.9% | 28.9% | 30.5% | 32.1% | 65.0% | 66.2% |
| Research and Development | $879.8M | $877.57M | $844.07M | $779.32M | $761.45M | $721.26M | $767.04M | $723.49M | $715.68M | $801.65M | $769.27M | $732.42M | $717.91M | $694.46M | $660.97M | $608.49M | $564.95M | $557.13M | $637.52M | $659.85M | $630.82M | $643.1M | $0 | $0 |
| Selling, General, and Administrative | $3.84B | $3.9B | $3.96B | $3.82B | $3.65B | $3.42B | $3.76B | $4.12B | $4.16B | $4.09B | $4.06B | $3.84B | $3.89B | $3.95B | $3.71B | $3.44B | $3.08B | $3.23B | $3.06B | $1.08B | $1.12B | $1.1B | $5.58B | $5.75B |
| Other | $473.4M | $934.51M | $1.11B | $447.72M | $285.82M | $672.13M | $18.98M | -$5.58M | $0 | -$110.53M | $0 | $0 | $0 | $0 | $0 | $0 | -$5.58M | -$17.86M | $0 | -$17.86M | -$26.8M | $42.43M | $0 | $0 |
| Total Operating Expenses | $5.2B | $5.71B | $5.91B | $5.04B | $4.7B | $4.81B | $4.55B | $4.89B | $4.91B | $4.57B | $4.87B | $4.74B | $4.67B | $4.74B | $4.41B | $4.23B | $4.27B | $3.95B | $4.17B | $4.08B | $3.56B | $3.99B | $9.89B | $10.19B |
| Operating Income (EBIT) | $2.64B | $2.94B | $2.96B | $3.37B | $3.1B | $1.57B | $3B | $2.85B | $2.94B | $3.12B | $2.46B | $2.22B | $2.2B | $2.76B | $2.17B | $1.89B | $502.43M | $941.21M | $1.47B | $1.25B | $1.76B | $1.38B | $1.28B | $1.37B |
| Operating Margin | 9.1% | 9.7% | 9.4% | 10.6% | 11.7% | 6.9% | 11.1% | 11.6% | 12.0% | 13.3% | 10.4% | 10.2% | 9.7% | 11.5% | 9.4% | 9.5% | 3.0% | 5.1% | 7.8% | 6.8% | 10.1% | 8.2% | 7.4% | 7.8% |
| Interest Expense | $395.24M | $329.37M | $432.09M | $388.54M | $285.82M | $308.01M | $442.13M | $318.2M | $307.04M | $375.14M | $381.84M | $312.62M | $308.15M | $215.48M | $230M | $263.49M | $246.75M | $368.44M | $328.25M | $283.59M | $283.59M | $262.38M | $0 | $0 |
| Interest Income | $116.12M | $157.43M | $179.76M | $13.4M | $2.23M | $22.91M | $4.47M | $2.23M | $5.58M | $6.7M | $10.05M | $14.51M | $12.28M | $24.56M | $23.45M | $11.16M | $5.58M | $6.7M | $32.38M | $18.98M | $52.48M | $0 | $0 | $0 |
| Other Income (Expense) | -$120.58M | -$207.67M | -$180.87M | -$407.52M | -$341.65M | -$473.4M | -$508.01M | -$357.28M | -$309.27M | -$365.1M | -$377.38M | -$379.61M | -$303.69M | -$376.26M | $56.94M | -$219.95M | -$271.31M | -$360.63M | -$276.89M | -$196.5M | -$305.92M | -$283.59M | -$1.28B | -$1.37B |
| Income Before Tax (EBT) | $2.52B | $2.73B | $2.78B | $2.97B | $2.76B | $1.09B | $2.5B | $2.49B | $2.63B | $2.75B | $2.09B | $1.84B | $1.9B | $2.58B | $2.23B | $1.67B | $231.12M | $580.58M | $1.2B | $1.05B | $1.45B | $1.1B | $0 | $0 |
| Income Tax Expense | $663.2M | $619.66M | $566.07M | $722.38M | $698.93M | $395.24M | $564.95M | $636.4M | $738.01M | $889.85M | $788.25M | $692.23M | $641.99M | $821.74M | $596.21M | $501.31M | $115M | $181.99M | $333.83M | $411.99M | $458.88M | $369.56M | $291.89M | $427.01M |
| Net Income | $1.86B | $2.1B | $2.21B | $2.23B | $2.06B | $705.63M | $1.94B | $1.86B | $1.89B | $1.86B | $1.3B | $1.14B | $1.25B | $1.65B | $1.62B | $1.21B | $118.35M | $401.94M | $864.17M | $638.64M | $992.57M | $720.14M | $984.35M | $940.92M |
| Net Income Margin | 6.4% | 6.9% | 7.0% | 7.0% | 7.7% | 3.1% | 7.2% | 7.6% | 7.7% | 8.0% | 5.5% | 5.2% | 5.5% | 6.9% | 7.0% | 6.1% | 0.7% | 2.2% | 4.6% | 3.5% | 5.7% | 4.3% | 5.7% | 5.4% |
| Supplementary Data | ||||||||||||||||||||||||
| EPS | 1.13 | 1.33 | 1.38 | 1.41 | 1.29 | 0.44 | 1.21 | 1.17 | 1.18 | 1.15 | 0.79 | 0.69 | 0.76 | 1.02 | 1.02 | 0.88 | 0.09 | 0.30 | 0.65 | 0.48 | 0.74 | 0.54 | 0.75 | 0.52 |
| Diluted EPS | 1.13 | 1.31 | 1.38 | 1.40 | 1.28 | 0.44 | 1.21 | 1.17 | 1.17 | 1.13 | 0.78 | 0.68 | 0.75 | 1.00 | 1.00 | 0.86 | 0.09 | 0.30 | 0.63 | 0.48 | 0.74 | 0.54 | 0.75 | 0.52 |
| Weighted Average OS | 1.41B | 1.43B | 1.44B | 1.42B | 1.43B | 1.43B | 1.44B | 1.43B | 1.44B | 1.45B | 1.48B | 1.49B | 1.47B | 1.45B | 1.43B | 1.22B | 1.21B | 1.20B | 1.19B | 1.19B | 1.19B | 1.19B | 1.19B | 0 |
| EBITDA | $5.19B | $5.39B | $5.45B | $5.52B | $5.07B | $4.05B | $5B | $4.35B | $4.45B | $4.4B | $4.25B | $3.4B | $3.38B | $3.96B | $3.53B | $3.01B | $1.54B | $1.99B | $2.44B | $2.13B | $2.63B | $1.98B | $2.57B | $2.42B |
| EBITDA Margin | 17.9% | 17.7% | 17.2% | 17.3% | 19.1% | 17.7% | 18.5% | 17.7% | 18.1% | 18.9% | 18.0% | 15.6% | 15.0% | 16.5% | 15.3% | 15.1% | 9.3% | 10.8% | 13.0% | 11.6% | 15.1% | 11.8% | 15.0% | 13.9% |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Assets | ||||||||||||||||||||||||
| Current Assets | ||||||||||||||||||||||||
| Cash and Cash Equivalents | $4.11B | $4.17B | $2.81B | $2.64B | $4.89B | $5.24B | $1.64B | $2.34B | $1.98B | $1.67B | $1.73B | $1.3B | $1.75B | $2.07B | $1.78B | $1.78B | $1.37B | $509.12M | $368.44M | $759.22M | $682.18M | $1.85B | $602.34M | $467.33M |
| Short-Term Investments | $323.79M | $323.79M | $318.2M | $318.2M | $485.68M | $318.2M | $200.97M | $200.97M | $200.97M | $549.32M | $228.88M | $349.46M | $542.62M | $326.02M | $408.64M | $984.75M | $184.22M | $193.15M | $39.08M | $62.52M | $230M | $159.66M | $0 | $0 |
| Cash and Short-Term Investments | $4.43B | $4.5B | $3.13B | $3.2B | $5.37B | $5.56B | $1.84B | $2.55B | $2.18B | $2.22B | $1.96B | $1.65B | $2.29B | $2.4B | $2.19B | $2.76B | $1.56B | $702.28M | $407.52M | $821.74M | $912.18M | $2.01B | $602.34M | $467.33M |
| Accounts Receivable | $3.87B | $4.2B | $4.3B | $4.69B | $3.99B | $3.48B | $3.94B | $3.86B | $3.44B | $3.4B | $3.21B | $2.99B | $2.81B | $3.78B | $3.46B | $3.09B | $2.58B | $2.74B | $3.34B | $3.64B | $4.2B | $3.58B | $0 | $0 |
| Inventory | $5.69B | $6.36B | $6.22B | $7.05B | $5.71B | $4.42B | $5.24B | $4.97B | $5.03B | $5B | $4.79B | $4.69B | $4.44B | $4.93B | $5.14B | $4.21B | $3.34B | $4.11B | $3.74B | $3.73B | $3.6B | $3.19B | $3.09B | $3.19B |
| Other Current Assets | $1.79B | $1.85B | $1.76B | $1.7B | $1.43B | $1.14B | $1.42B | $1.38B | $1.38B | $1.5B | $1.16B | $1.03B | $865.29M | $3.88B | $4.13B | $729.07M | $650.92M | $817.28M | $639.75M | $4.12B | $25.68M | $3.8B | $6.99B | $7.04B |
| Total Current Assets | $15.93B | $17.13B | $15.26B | $16.83B | $16.66B | $14.61B | $12.44B | $12.51B | $12.04B | $12.12B | $11.12B | $10.37B | $10.42B | $11.34B | $11.52B | $10.79B | $8.14B | $8.37B | $8.13B | $8.8B | $8.88B | $9.1B | $10.68B | $10.7B |
| Long-Term Assets | ||||||||||||||||||||||||
| Property, Plant & Equipment Net | $14.76B | $15.61B | $14.9B | $14.68B | $13.69B | $13.29B | $14.7B | $12.7B | $12.15B | $12.34B | $11.76B | $11.26B | $10B | $9.58B | $8.81B | $8.03B | $7.57B | $7.87B | $7.95B | $7.65B | $7.34B | $6.39B | $6.32B | $6.44B |
| Goodwill | $2.97B | $3.16B | $3.33B | $2.71B | $2.55B | $2.38B | $2.67B | $2.98B | $1.22B | $1.08B | $896.55M | $932.28M | $433.2M | $462.23M | $463.35M | $464.46M | $449.95M | $447.72M | $447.72M | $490.14M | $508.01M | $343.88M | $338.96M | $343.17M |
| Intangible Assets | $2.17B | $2.37B | $2B | $2.01B | $2.02B | $2.21B | $2.55B | $2.04B | $876.45M | $703.39M | $693.35M | $672.13M | $503.54M | $449.95M | $435.44M | $401.94M | $358.4M | $346.12M | $223.3M | $200.97M | $202.09M | $164.13M | $182.19M | $151.17M |
| Long-Term Investments | $2.07B | $1.36B | $2.41B | $1.62B | $1.33B | $988.1M | $1.28B | $1.11B | $514.71M | $27.91M | $387.43M | $30.15M | -$130.63M | $103.83M | $176.41M | $356.16M | $690M | $305.92M | $534.8M | $286.94M | $13.4M | $33.49M | $0 | $0 |
| Deferred Tax Assets | $1.08B | $1.21B | $1.04B | $703.39M | $838.49M | $813.93M | $908.83M | $826.21M | $993.68M | $1.33B | $1.41B | $1.28B | $1.18B | $1.71B | $1.51B | $924.46M | $1.05B | $1B | $1.03B | $1.12B | $1.37B | $1.46B | $0 | $0 |
| Other Long-Term Assets | $112.53M | $878.69M | $357.28M | $904.37M | $1.47B | $1.03B | $825.09M | $712.33M | $417.57M | $677.72M | $415.34M | $496.84M | $693.35M | $456.65M | $408.64M | $984.75M | $184.22M | $193.15M | $39.08M | $293.64M | $528.1M | $461.11M | $526.04M | $575.27M |
| Total Long-Term Assets | $23.16B | $24.58B | $24.03B | $22.63B | $21.91B | $20.72B | $22.93B | $20.37B | $16.17B | $16.15B | $15.56B | $14.67B | $12.67B | $12.76B | $11.8B | $11.16B | $10.31B | $10.16B | $10.23B | $10.04B | $9.96B | $8.85B | $7.37B | $7.51B |
| 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 |
| Total Assets | $39.1B | $41.7B | $39.3B | $39.46B | $38.74B | $35.32B | $35.37B | $32.88B | $28.21B | $28.27B | $26.68B | $25.04B | $23.09B | $24.1B | $23.32B | $21.95B | $18.44B | $18.53B | $18.37B | $18.84B | $18.85B | $17.95B | $18.05B | $18.21B |
| Liabilities | ||||||||||||||||||||||||
| Current Liabilities | ||||||||||||||||||||||||
| Accounts Payable | $3.74B | $4.21B | $4.02B | $4.48B | $4.23B | $3.05B | $3.46B | $3.39B | $3.35B | $3.02B | $2.63B | $2.41B | $2.2B | $2.22B | $2.26B | $2.02B | $1.39B | $1.68B | $1.83B | $1.98B | $2B | $1.79B | $0 | $0 |
| Short-Term Debt | $666.55M | $1.5B | $659.85M | $2.04B | $1.76B | $1.67B | $1.04B | $1.33B | $528.1M | $1.46B | $593.98M | $800.53M | $944.56M | $1.37B | $1.47B | $0 | $796.06M | $1.56B | $0 | $2.34B | $1.78B | $2.03B | $0 | $0 |
| Current Income Tax Payable | $969.12M | $1.02B | $215.48M | $892.08M | $928.93M | $796.06M | $161.89M | $797.18M | $765.92M | $685.53M | $611.84M | $591.75M | $539.27M | $631.94M | $687.76M | $0 | $0 | $0 | $0 | $641.99M | $681.07M | $683.3M | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $867.52M | $2.91B | $3.34B | $2.55B | $2.11B | $2.64B | $2.39B | $2.42B | $2.32B | $2.23B | $2.03B | $2.18B | -$1.48B | $0 | $39.08M | -$1.6B | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $2.72B | $2.7B | $1.01B | -$1.11B | -$1.33B | $454.42M | -$228.88M | $1.52B | $1.46B | $1.64B | $1.54B | $1.51B | $1.34B | $1.83B | $1.82B | $3.39B | $2.15B | $2.06B | $3.43B | $2.16B | $382.96M | $0 | $2.22B | $2.14B |
| Total Current Liabilities | $8.38B | $9.72B | $8.65B | $10.09B | $9.89B | $7.97B | $7.92B | $7.56B | $6.57B | $7.17B | $5.83B | $5.69B | $5.42B | $6.07B | $6.25B | $5.41B | $4.39B | $5.35B | $5.26B | $6.52B | $5.96B | $6.1B | $3.95B | $3.73B |
| Long-Term Liabilities | ||||||||||||||||||||||||
| Long-Term Debt | $5.61B | $5.47B | $5.22B | $5.25B | $5.89B | $6.89B | $5.61B | $5.6B | $2.39B | $1.83B | $2.62B | $1.74B | $1.56B | $2.17B | $2.63B | $0 | $3.85B | $3.65B | $0 | $2.78B | $3.15B | $3B | $5.26B | $5.61B |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.79B | $1.76B | $1.99B | $1.73B | $1.33B | $978.05M | -$2.72B | $0 | $1.17B | -$3.81B | $0 | $901.02M | $876.45M | $858.59M | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $568.3M | $607.38M | $554.9M | $604.03M | $561.6M | $0 | $0 | $363.98M | $126.16M | $130.63M | $131.75M | $106.07M | $48.01M | $97.14M | $88.2M | $50.24M | $44.66M | $43.54M | $68.11M | $64.76M | $79.27M | $60.29M | $0 | $0 |
| Other Long-Term Liabilities | $3.55B | $4.13B | $4.56B | $3.65B | $4.69B | $5.47B | $6.06B | $5.82B | $4.64B | $5.48B | $5.47B | $5.17B | $4.39B | $5.22B | $5.22B | $7.42B | $2.75B | $3.62B | $7.13B | $3.06B | $3.42B | $3.62B | $3.91B | $3.85B |
| Total Long-Term Liabilities | $10.54B | $11.17B | $10.6B | $10.26B | $11.96B | $13.25B | $12.68B | $11.74B | $9.07B | $9.22B | $10.19B | $8.71B | $7.33B | $8.53B | $8.02B | $7.47B | $7.91B | $7.47B | $7.2B | $7.08B | $7.83B | $7.89B | $9.18B | $9.46B |
| 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 |
| Total Liabilities | $18.92B | $20.9B | $19.25B | $20.35B | $22.03B | $21.22B | $20.6B | $19.29B | $15.64B | $16.39B | $16.02B | $14.4B | $12.76B | $14.6B | $14.28B | $12.88B | $12.31B | $12.82B | $12.46B | $13.61B | $13.79B | $13.99B | $13.13B | $13.18B |
| 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 | $0 |
| Common Stock | $384.08M | $394.12M | $398.59M | $398.59M | $398.59M | $398.59M | $398.59M | $401.94M | $400.82M | $401.94M | $406.41M | $414.22M | $415.34M | $407.52M | $401.94M | $394.12M | $329.37M | $323.79M | $321.55M | $320.44M | $320.44M | $320.44M | $320.18M | $316.62M |
| Retained Earnings | $19B | $17.89B | $17.02B | $15.79B | $13.84B | $11.93B | $11.49B | $10.42B | $9.29B | $7.85B | $6.8B | $6.29B | $6.12B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2.46B | $2.5B |
| Comprehensive Income & Other | -$1.15B | -$83.74M | -$388.54M | -$106.07M | -$587.28M | -$1.29B | -$233.35M | -$514.71M | -$443.25M | $202.09M | $4B | -$109.42M | -$270.19M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Stockholders' Equity | $797.18M | $2.51B | $2.63B | $2.91B | $2.48B | $1.78B | $2.88B | $2.73B | $2.84B | $3.58B | $3.39B | $3.92B | $3.79B | $9.08B | $8.64B | $8.68B | $5.8B | $5.38B | $5.58B | $4.9B | $4.72B | $3.56B | $2.05B | $2.02B |
| Total Equity | $20.18B | $20.79B | $20.05B | $19.1B | $16.72B | $14.1B | $14.77B | $13.56B | $12.53B | $11.83B | $10.59B | $10.62B | $10.33B | $9.49B | $9.04B | $9.07B | $6.13B | $5.7B | $5.9B | $5.22B | $5.04B | $3.88B | $4.83B | $4.83B |
| Minority Interest | $4.47M | $10.05M | $3.35M | $6.7M | -$3.35M | -$2.23M | $3.35M | $24.56M | $39.08M | $52.48M | $59.17M | $13.4M | $6.7M | $2.23M | $2.23M | $3.35M | $3.35M | $5.58M | $8.93M | $12.28M | $17.86M | $77.04M | $91.22M | $193.64M |
| Total Liabilities and Equity | $39.09B | $41.69B | $39.29B | $39.46B | $38.75B | $35.32B | $35.36B | $32.85B | $28.17B | $28.22B | $26.62B | $25.02B | $23.08B | $24.09B | $23.32B | $21.95B | $18.44B | $18.52B | $18.36B | $18.83B | $18.83B | $17.87B | $17.96B | $18.02B |
| Supplementary Data | ||||||||||||||||||||||||
| Total Debt | $7.38B | $8.23B | $6.97B | $8.2B | $8.73B | $9.7B | $7.69B | $6.71B | $2.99B | $3.25B | $3.18B | $2.49B | $2.54B | $3.62B | $4.2B | $0 | $4.76B | $5.41B | $0 | $5.44B | $5.27B | $5.47B | $5.26B | $5.61B |
| Net Debt | $3.27B | $4.06B | $4.16B | $5.55B | $3.84B | $4.46B | $6.05B | $4.36B | $1.01B | $1.58B | $1.45B | $1.18B | $799.41M | $1.55B | $2.42B | -$1.78B | $3.38B | $4.9B | -$368.44M | $4.68B | $4.59B | $3.62B | $4.66B | $5.15B |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Operating Activities | ||||||||||||||||||||||||
| Net Income | $1.86B | $2.11B | $2.21B | $2.24B | $2.06B | $850.77M | $1.93B | $1.85B | $1.89B | $1.86B | $1.3B | $1.15B | $1.26B | $1.75B | $1.63B | $0 | $116.12M | $398.59M | $0 | $1.05B | $1.45B | $1.1B | $0 | $0 |
| Depreciation & Amortization | $2.27B | $2.33B | $2.24B | $2.17B | $2.02B | $2.05B | $2.06B | $1.54B | $1.5B | $1.55B | $1.52B | $1.25B | $1.17B | $1.14B | $1.04B | $1.08B | $1.05B | $1.04B | $918.88M | $972.47M | $896.55M | $883.15M | $1.3B | $1.05B |
| Deferred Income Tax | $0 | $0 | $0 | $24.56M | -$3.35M | $3.35M | -$46.89M | $0 | $113.88M | $53.59M | $46.89M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $0 | $0 | $33.49M | $45.78M | $23.45M | $34.61M | $7.82M | $24.56M | $7.82M | $23.45M | $10.05M | $7.82M | $12.28M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | ||||||||||||||||||||||||
| Accounts Receivable | -$31.1M | $263.49M | $283.59M | -$832.91M | -$413.11M | $102.72M | -$90.44M | -$58.06M | -$353.93M | -$356.16M | -$73.69M | $261.26M | $598.44M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $271.33M | -$184.22M | $865.29M | -$1.18B | -$1.23B | $616.31M | $164.13M | $4.47M | -$347.23M | -$92.67M | $66.99M | -$79.27M | $300.34M | $156.31M | -$899.9M | -$652.04M | $847.42M | -$467.81M | $0 | -$281.36M | -$226.65M | -$193.15M | -$48.08M | $159.25M |
| Accounts Payable | -$128.69M | $146.13M | -$308.15M | $53.59M | $588.4M | -$37.96M | -$156.31M | -$52.48M | $228.88M | $322.67M | $37.96M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | $181.24M | -$2.23M | $259.03M | -$361.75M | $139.56M | $100.48M | -$27.91M | -$223.3M | $275.78M | -$132.86M | -$438.78M | $69.22M | $150.73M | $207.67M | -$98.25M | $0 | -$205.44M | $0 | $0 | -$221.07M | -$413.11M | -$227.77M | $198.56M | $185.72M |
| Total Working Capital Change | $292.77M | $77.04M | $1.1B | -$2.32B | -$920M | $781.55M | -$110.53M | -$218.83M | -$71.46M | -$225.53M | -$371.79M | -$10.05M | $451.07M | $363.98M | -$998.15M | -$476.75M | $641.99M | -$149.61M | $185.34M | -$502.43M | -$639.75M | -$420.92M | $150.49M | $344.97M |
| Other Non-Cash Items | -$328.2M | $326.02M | $313.74M | -$8.93M | $61.41M | $33.49M | -$133.98M | -$42.43M | -$260.14M | -$102.72M | $567.18M | $428.74M | $566.07M | $7.82M | $1.29B | $875.34M | $562.72M | $135.1M | $974.7M | -$218.83M | -$591.75M | -$257.91M | $273.37M | $315.18M |
| Net Cash from Operating | $4.1B | $4.84B | $5.9B | $2.16B | $3.24B | $3.76B | $3.71B | $3.16B | $3.06B | $3.09B | $3.01B | $2.82B | $3.45B | $3.27B | $1.34B | $1.48B | $2.37B | $1.02B | $2.08B | $1.3B | $1.12B | $1.3B | $1.72B | $1.71B |
| Investing Activities | ||||||||||||||||||||||||
| Capital Expenditures | -$1.91B | -$2.13B | -$2.24B | -$2.39B | -$1.9B | -$1.36B | -$2.01B | -$1.86B | -$1.98B | -$2.02B | -$2.01B | -$2.1B | -$2.21B | -$2.23B | -$1.86B | -$1.08B | -$789.37M | -$1.44B | -$1.66B | -$1.23B | -$1.18B | -$991.45M | -$1.25B | -$1.08B |
| Acquisitions | $74.81M | -$2.23M | -$726.84M | -$65.87M | -$94.9M | -$78.16M | -$474.51M | -$3.36B | -$410.87M | -$2.23M | -$202.09M | -$451.07M | $1.12M | -$98.25M | -$2.23M | -$4.47M | $10.05M | $4.47M | -$118.35M | -$49.13M | -$49.13M | -$66.99M | $112.3M | $175.82M |
| Purchases of Investments | -$43.54M | -$65.87M | -$385.19M | -$65.87M | -$285.82M | -$184.22M | -$83.74M | -$288.06M | -$156.31M | -$361.75M | -$160.78M | -$20.1M | -$256.8M | -$14.51M | -$3.35M | -$845.19M | -$5.58M | -$69.22M | -$5.58M | -$66.99M | -$18.98M | -$50.24M | -$340.75M | -$245.29M |
| Sales of Investments | $238.93M | $180.87M | $304.8M | $183.11M | $91.55M | $101.6M | $40.19M | $42.43M | $16.75M | $26.8M | $136.21M | $209.9M | $16.75M | $70.34M | $1.02B | $1.12M | $32.38M | $23.45M | $21.21M | $168.59M | $127.28M | $0 | $85.23M | $176.41M |
| Other Investing Activities | -$79.91M | -$343.88M | -$226.65M | $167.47M | $237.81M | -$25.68M | $20.1M | $65.87M | $20.1M | -$79.27M | -$79.27M | -$112.77M | -$56.94M | $159.66M | $109.42M | $136.21M | -$69.22M | $116.12M | $164.13M | -$339.42M | -$261.26M | $101.6M | $116.12M | $146.79M |
| Net Cash from Investing | -$1.72B | -$2.36B | -$3.27B | -$2.17B | -$1.95B | -$1.55B | -$2.51B | -$5.4B | -$2.3B | -$2.26B | -$2.17B | -$2.33B | -$2.35B | -$2B | -$796.06M | -$1.86B | -$821.74M | -$1.42B | -$1.6B | -$1.35B | -$1.25B | -$1.01B | -$1.39B | -$1B |
| Financing Activities | ||||||||||||||||||||||||
| Debt Repaid | -$173.06M | -$1.09B | $11.16M | $411.99M | $815.04M | -$1.25B | $482.33M | -$3.23B | -$520.29M | -$25.68M | -$871.99M | -$29.03M | $100.48M | -$180.87M | $193.15M | $487.91M | $744.71M | -$857.47M | $634.17M | - | $825.09M | $206.55M | - | - |
| Common Stock Issuance | $80.39M | $41.31M | $0 | $84.85M | $0 | $61.41M | $4.47M | $64.76M | $18.98M | $110.53M | $71.46M | $51.36M | $30.15M | $31.26M | $13.4M | $1.34B | $2.23M | $40.19M | $15.63M | $12.28M | $0 | $16.75M | $0 | $0 |
| Common Stock Repurchases | -$745.82M | -$560.48M | $0 | -$133.98M | $0 | -$110.53M | -$157.43M | -$83.74M | -$112.77M | -$336.07M | -$503.54M | -$97.14M | -$151.84M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | -$1.09B | -$1.07B | -$997.03M | -$896.55M | -$457.76M | -$398.59M | -$742.47M | -$711.21M | -$652.04M | -$575M | -$516.94M | -$518.06M | -$211.02M | -$322.67M | -$154.08M | -$72.57M | -$72.57M | -$256.8M | -$232.23M | -$215.48M | -$199.85M | -$148.49M | -$201.37M | -$187.18M |
| Other Financing Activities | -$381.17M | -$215.48M | -$333.83M | -$719.03M | -$226.65M | $760.34M | -$288.06M | -$50.24M | -$84.85M | $150.73M | $43.54M | $60.29M | -$107.18M | -$83.74M | -$54.71M | -$43.54M | -$22.33M | -$103.83M | -$13.4M | $339.42M | -$40.19M | -$58.06M | $543.98M | -$202.63M |
| Net Cash from Financing | -$2.41B | -$886.5M | -$2.61B | -$2.08B | -$1.6B | $1.5B | -$1.94B | $2.6B | -$802.76M | -$892.08M | -$393.01M | -$921.11M | -$1.41B | -$969.12M | -$540.39M | $740.24M | -$837.38M | $537.04M | -$864.17M | $136.21M | -$1.07B | -$396.36M | $342.61M | -$389.81M |
| Forex Effect | $489.25M | -$11.16M | -$100.48M | -$26.8M | $14.51M | -$45.78M | $4.47M | $2.23M | -$16.75M | $4.47M | -$17.86M | -$6.7M | -$16.75M | -$4.47M | $4.47M | $41.31M | $2.23M | $4.47M | -$10.05M | -$15.63M | $37.96M | -$12.28M | -$46.62M | -$20.1M |
| Net Change in Cash | -$65.87M | $1.59B | -$77.04M | -$2.12B | -$295.87M | $3.66B | -$739.12M | $365.1M | -$59.17M | -$62.52M | $429.85M | -$442.13M | -$329.37M | $295.87M | $3.35M | $400.82M | $713.44M | $140.68M | -$390.77M | $77.04M | -$1.17B | -$111.65M | $630.36M | $301.52M |
| Supplementary Data | ||||||||||||||||||||||||
| Operating Cash Flow | $4.26B | $4.84B | $5.9B | $2.16B | $3.24B | $3.76B | $3.71B | $3.16B | $3.06B | $3.09B | $3.01B | $2.82B | $3.45B | $3.27B | $1.34B | $1.48B | $2.37B | $1.02B | $2.08B | $1.3B | $1.12B | $1.3B | $1.72B | $1.71B |
| Capital Expenditure | -$2.27B | -$2.53B | -$2.5B | -$2.39B | -$1.9B | -$1.36B | -$2.01B | -$1.86B | -$1.98B | -$2.02B | -$2.01B | -$2.1B | -$2.21B | -$2.23B | -$1.86B | -$1.08B | -$789.37M | -$1.44B | -$1.66B | -$1.23B | -$1.18B | -$991.45M | -$1.25B | -$1.08B |
| Free Cash Flow | $2B | $2.31B | $3.41B | -$234.47M | $1.34B | $2.39B | $1.7B | $1.3B | $1.08B | $1.07B | $995.92M | $713.44M | $1.24B | $1.04B | -$526.99M | $399.71M | $1.58B | -$417.57M | $422.04M | $73.69M | -$66.99M | $312.62M | $473.79M | $633.52M |
| Cash at Beginning | $4.39B | $2.81B | $2.89B | $5B | $5.3B | $1.64B | $2.38B | $1.98B | $2.04B | $1.73B | $1.3B | $1.75B | $2.07B | $1.78B | $1.78B | $1.37B | $660.97M | $368.44M | $759.22M | $682.18M | $1.85B | $1.96B | $1.35B | $1.05B |
| Cash at End | $4.33B | $4.39B | $2.81B | $2.89B | $5B | $5.3B | $1.64B | $2.34B | $1.98B | $1.67B | $1.73B | $1.3B | $1.75B | $2.07B | $1.78B | $1.78B | $1.37B | $509.12M | $368.44M | $759.22M | $682.18M | $1.85B | $1.98B | $1.35B |