MTN GROUP LTD/ADR (MTNOY)
MTN Group Limited, along with its various affiliates, is a prominent player in the mobile telecommunications industry. The company offers a broad spectrum of services, encompassing mobile data, voice communication, text messaging, and the sale of mobile handsets. Beyond these core offerings, it delves into digital and financial technology solutions, wholesale services, and essential interconnectivity and roaming functionalities. Furthermore, MTN delivers "Network as a Service" (NaaS), which includes extensive infrastructure like subsea fiber optic cables providing international connectivity, terrestrial and metropolitan fiber networks, data centers, and cable landing stations. This also extends to Fiber to the X (FTTx), cellular towers, and radio access networks. Its portfolio also features diverse digital financial services, such as payment access, e-commerce platforms, insurance, lending, and money transfer options. For enterprise clients, MTN provides advanced services like cloud computing, unified communication systems, Internet of Things (IoT) solutions, and software-defined networks. The firm also supplies Application Programming Interface (API) products and services tailored for various sectors, including telecommunications, healthcare, government, financial services, entertainment, and others. As of March 9, 2022, MTN boasted a substantial customer base of 272.4 million subscribers spread across 21 international markets. Its operational footprint spans key regions, including South Africa, Nigeria, the wider South and East Africa, West and Central Africa, and the Middle East and North Africa. MTN Group Limited was established in 1994 and maintains its corporate headquarters in Johannesburg, South Africa.
Sector: American Depositary Receipts
Industry: Telecommunications Services
MTN Group Limited
OTC:MTNOYCommunication Services · Telecommunications Services
-0.49%$11.82
Mkt Cap-
Float1.36B
O/S-
Inst Own-
SI<0.1%
Div Yield2.55%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$12.63B
Net Income$1.13B
Total Assets$29.96B
Free Cash Flow$2.51B
Debt & Equity
Debt 50%
Equity 50%
Total Debt$8.81B
Total Equity$8.71B
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in MTNOY's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$29.96B
Liabilities$19.76B
Accounts Receivable$2.48B
Accounts Payable$1.31B
Inventory$78.7M
PP&E (Net)$11.19B
Goodwill$2.32B
Intangible Assets$2.24B
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 | $12.63B | $11.31B | $13.31B | $12.45B | $10.92B | $10.79B | $9.11B | $8.09B | $7.99B | $8.9B | $8.84B | $8.84B | $8.21B | $8.13B | $7.33B | $6.9B | $6.73B | $6.17B | $4.4B | $3.1B | $1.64B | $1.44B | $1.17B | $747.61M |
| YoY Growth | 11.7% | -15.0% | 6.9% | 14.0% | 1.3% | 18.4% | 12.6% | 1.3% | -10.2% | 0.6% | 0.1% | 7.6% | 1.0% | 10.9% | 6.3% | 2.4% | 9.2% | 40.2% | 41.8% | 89.6% | 14.0% | 23.0% | 56.1% | - |
| Cost of Revenue | $6.62B | $3.41B | $4.72B | $3.38B | $2.88B | $3.02B | $2.64B | $2.87B | $2.82B | $2.96B | $2.57B | $2.84B | $2.58B | $2.72B | $2.43B | $2.18B | $2.25B | $2.01B | $844.85M | $526.97M | $283.18M | $580.85M | $500.39M | $305.55M |
| Gross Profit | $6.01B | $7.9B | $8.59B | $9.07B | $8.05B | $7.76B | $6.47B | $5.22B | $5.17B | $5.94B | $6.27B | $6B | $5.63B | $5.4B | $4.9B | $4.72B | $4.48B | $4.16B | $3.55B | $2.58B | $1.35B | $854.65M | $666.54M | $442.06M |
| Gross Margin | 47.6% | 69.9% | 64.5% | 72.9% | 73.7% | 72.0% | 71.0% | 64.5% | 64.8% | 66.7% | 70.9% | 67.9% | 68.6% | 66.5% | 66.9% | 68.4% | 66.6% | 67.5% | 80.8% | 83.0% | 82.7% | 59.5% | 57.1% | 59.1% |
| Research and Development | $223K | $7.4M | $3.13M | $120K | $120K | $902K | $1.14M | $1.08M | $481K | $2.04M | $421K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $1.74B | $1.45B | $1.72B | $1.49B | $1.35B | $1.27B | $1.12B | $1.01B | $1.04B | $1.15B | $1.11B | $933.97M | $983.94M | $965.3M | $890.31M | $886.46M | $880.93M | $798.24M | $0 | $0 | $0 | $0 | $0 | $0 |
| Other | -$21.54M | $4.17B | $0 | $4.11B | $3.96B | $3.81B | $3.48B | $8.3M | $11.79M | $1.62M | $8.78M | $8.06M | $79.8M | $2.01B | $1.66B | $1.9B | $1.69B | $1.52B | $532.74M | -$841.9M | -$558.6M | $493.35M | $441.82M | $335.2M |
| Total Operating Expenses | $1.72B | $5.63B | $1.72B | $5.6B | $5.31B | $5.08B | $4.6B | $3.88B | $4.17B | $4.42B | $4.07B | $3.37B | $3.27B | $2.97B | $2.55B | $2.78B | $2.57B | $2.32B | $532.74M | $1.61B | $284.8M | $493.35M | $441.82M | $335.2M |
| Operating Income (EBIT) | $4.29B | $2.27B | $6.87B | $6.7B | $5.91B | $5.58B | $1.88B | $1.42B | $1.24B | $850.44M | $2.12B | $2.99B | $2.44B | $2.48B | $2.36B | $1.93B | $1.9B | $1.83B | $1.38B | $967.82M | $1.07B | $361.3M | $224.73M | $106.86M |
| Operating Margin | 34.0% | 20.1% | 51.6% | 53.8% | 54.1% | 51.7% | 20.7% | 17.5% | 15.5% | 9.6% | 24.0% | 33.8% | 29.7% | 30.6% | 32.2% | 28.0% | 28.2% | 29.7% | 31.3% | 31.2% | 65.3% | 25.2% | 19.3% | 14.3% |
| Interest Expense | $1.11B | $1.1B | $1.14B | $860.72M | $790.06M | $923.86M | $870.52M | $506.46M | $505.14M | $542.42M | $419.81M | $340.91M | $280.17M | $250.47M | $397.5M | $371.1M | $735.46M | $519.81M | $297.85M | $198.87M | $47.81M | $44.98M | $57.55M | $26.88M |
| Interest Income | $173.82M | $145.35M | $183.71M | $122.8M | $72.04M | $89.78M | $112.63M | $119.79M | $209.75M | $266.04M | $327.26M | $186.54M | $141.86M | $200.85M | $302.36M | $124.9M | $386.07M | $404.53M | $107.04M | $113.06M | $25.38M | $8.66M | $7.46M | $7.88M |
| Other Income (Expense) | -$1.65B | -$2.53B | -$6.16B | -$4.24B | -$4.17B | -$3.83B | -$815.14M | -$515.24M | -$661.67M | -$535.15M | -$26.22M | $85.27M | $132.12M | $17.8M | -$97.42M | -$243.07M | -$349.69M | -$115.28M | -$190.33M | -$84.43M | -$21.83M | -$35.78M | -$35.78M | $68.13M |
| Income Before Tax (EBT) | $2.64B | -$265.62M | $707.68M | $2.46B | $1.73B | $1.75B | $1.07B | $902.52M | $574.6M | $315.29M | $2.1B | $3.07B | $2.57B | $2.22B | $2.26B | $1.69B | $1.55B | $1.71B | $1.19B | $41.49M | $488M | $325.51M | $174.69M | $87.56M |
| Income Tax Expense | $1.12B | $408.32M | $466.11M | $1.02B | $710.92M | $567.62M | $415.42M | $326.54M | $301.52M | $501.89M | $680.86M | $803.47M | $740.09M | $776.53M | $833.06M | $677.61M | $517.89M | $682.84M | $468.52M | $155.81M | $84.85M | $66.21M | $41.31M | $54.6M |
| Net Income | $1.13B | -$576.82M | $246.08M | $1.14B | $826.87M | $1.02B | $547.23M | $524.32M | $265.44M | -$157.19M | $1.21B | $1.93B | $1.58B | $1.25B | $1.43B | $1.01B | $1.03B | $1.03B | $716.58M | $727.58M | $403.15M | $259.3M | $133.38M | $32.95M |
| Net Income Margin | 8.9% | -5.1% | 1.8% | 9.2% | 7.6% | 9.5% | 6.0% | 6.5% | 3.3% | -1.8% | 13.7% | 21.8% | 19.3% | 15.3% | 19.5% | 14.7% | 15.3% | 16.7% | 16.3% | 23.4% | 24.6% | 18.1% | 11.4% | 4.4% |
| Supplementary Data | ||||||||||||||||||||||||
| EPS | 10.26 | -5.31 | 2.27 | 10.54 | 7.63 | 9.46 | 4.99 | 4.85 | 2.46 | -1.40 | 11.09 | 17.52 | 14.60 | 11.26 | 11.20 | 7.76 | 7.91 | 8.21 | 5.70 | 6.05 | 3.53 | 2.61 | 1.35 | 0.34 |
| Diluted EPS | 10.26 | -5.31 | 2.23 | 10.28 | 7.44 | 9.36 | 4.91 | 4.78 | 2.41 | -1.40 | 11.06 | 17.42 | 14.52 | 11.20 | 11.11 | 7.65 | 7.82 | 8.06 | 5.59 | 5.89 | 3.50 | 2.61 | 1.35 | 0.34 |
| Weighted Average OS | 1.82B | 1.81B | 1.83B | 1.81B | 1.80B | 1.80B | 1.80B | 1.80B | 1.80B | 1.82B | 1.82B | 1.83B | 1.83B | 1.84B | 1.85B | 1.84B | 1.85B | 1.87B | 1.86B | 1.75B | 1.66B | 1.65B | 1.65B | 1.63B |
| EBITDA | $6.54B | $3.01B | $4.39B | $5.4B | $4.61B | $4.82B | $3.89B | $2.87B | $2.51B | $2.41B | $3.92B | $4.18B | $4.05B | $3.46B | $3.42B | $3.04B | $3.16B | $3.01B | $2.02B | $1.48B | $701.36M | $556.19M | $370.5M | $232.54M |
| EBITDA Margin | 51.8% | 26.6% | 33.0% | 43.4% | 42.2% | 44.7% | 42.7% | 35.5% | 31.4% | 27.0% | 44.3% | 47.4% | 49.3% | 42.5% | 46.7% | 44.1% | 46.9% | 48.9% | 46.0% | 47.8% | 42.9% | 38.7% | 31.7% | 31.1% |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 2004-03-31 | 2003-03-31 | 2002-03-31 |
| Assets | ||||||||||||||||||||||||
| Current Assets | ||||||||||||||||||||||||
| Cash and Cash Equivalents | $2.61B | $1.82B | $2.26B | $2.67B | $2.37B | $1.85B | $1.3B | $952.37M | $962.71M | $1.65B | $2.05B | $2.59B | $2.38B | $1.55B | $2.15B | $2.16B | $1.44B | $1.62B | $1.06B | $606.83M | $454.63M | $320.88M | $127.97M | $94.29M |
| Short-Term Investments | $480.49M | $4.15B | $3.17B | $2.32B | $2.63B | $2.25B | $1.19B | $267.9M | $211.2M | $435.32M | $481.63M | $263.09M | $0 | $425.4M | $570.09M | $0 | $361K | $421K | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $3.09B | $5.97B | $5.43B | $5.27B | $5B | $4.1B | $2.49B | $1.22B | $1.17B | $2.08B | $2.53B | $2.85B | $2.38B | $1.97B | $2.72B | $2.16B | $1.44B | $1.62B | $1.06B | $606.83M | $454.63M | $320.88M | $127.97M | $94.29M |
| Accounts Receivable | $2.48B | $2.28B | $1.26B | $1.92B | $1.06B | $1.79B | $1.64B | $1.04B | $1.06B | $1.04B | $1.16B | $886.34M | $742.13M | $20.51M | $216.67M | $1.04B | $1.19B | $1.38B | -$43M | $0 | $329.96M | $60K | $0 | $0 |
| Inventory | $78.7M | $72.94M | $88.52M | $114.62M | $92.55M | $92.25M | $103.25M | $180.11M | $180.41M | $238.86M | $338.86M | $205.18M | $194M | $155.93M | $158.1M | $95.56M | $91.53M | $142.64M | $70.18M | $62.72M | $37.52M | $30.97M | $26.16M | $32.05M |
| Other Current Assets | $5.51B | $230.74M | $1.71B | -$725M | $972.21M | -$96.04M | -$104.46M | $1.87B | $1.98B | $1.14B | $1.37B | $1.23B | $835.83M | $1.45B | $1.64B | $1.01B | $1.23B | $1.49B | $917.55M | $23.21M | $0 | $167.84M | $165.43M | $164.23M |
| Total Current Assets | $11.17B | $8.55B | $8.7B | $8.07B | $7.57B | $6.6B | $4.54B | $3.49B | $3.6B | $4.79B | $5.74B | $5.44B | $4.56B | $3.63B | $4.07B | $3.31B | $2.77B | $3.29B | $2.01B | $1.24B | $822.42M | $519.75M | $319.56M | $250.77M |
| Long-Term Assets | ||||||||||||||||||||||||
| Property, Plant & Equipment Net | $11.19B | $10.09B | $9.87B | $9.59B | $8.49B | $8.73B | $8.51B | $6.05B | $5.52B | $5.75B | $6.42B | $5.26B | $5.59B | $4.66B | $4.31B | $3.81B | $4.06B | $3.86B | $2.37B | $1.84B | $1.24B | $664.02M | $563.71M | $500.45M |
| Goodwill | $2.32B | $2.1B | $2.08B | $795.59M | $938.78M | $936.61M | $935.23M | $1.04B | $1B | $1.33B | $1.64B | $1.34B | $1.45B | $1.32B | $0 | $0 | $0 | $0 | $1.55B | $1.62B | $159.36M | $586.5M | $619.28M | $649.65M |
| Intangible Assets | $2.24B | $2.27B | $2.42B | $2.23B | $1.84B | $1.51B | $1.39B | $1.39B | $1.3B | $1.47B | $1.72B | $865.53M | $817.3M | $716.34M | $2.08B | $1.82B | $2.17B | $2.75B | $784.95M | $787.06M | $243.97M | $98.98M | $136.09M | $221.6M |
| Long-Term Investments | $2.26B | -$2.37B | -$1.21B | -$368.39M | -$559.8M | $100.13M | $1.06B | $1.89B | $2.63B | $1.88B | $2.26B | $1.64B | $766.97M | -$319.26M | -$408.86M | $0 | $87.56M | $3.19M | $3.61M | $4.39M | $3.25M | $1.98M | $0 | $0 |
| Deferred Tax Assets | $382.87M | $628.84M | $614.77M | $727.82M | $434.36M | $382.16M | $304.89M | $222.62M | $95.8M | $66.57M | $32.59M | $66.69M | $457.81M | $86.41M | $77.21M | $84.61M | $79.2M | $39.51M | $80.1M | $156.65M | $83.35M | $21.41M | $0 | $0 |
| Other Long-Term Assets | $387.31M | $4.64B | $4.28B | $2.53B | $3.29B | $2.73B | $1.44B | $631.48M | $422.27M | $878.28M | $1.07B | $641.71M | -$6.68M | $814.78M | $790.9M | $282.22M | $230.62M | $278.43M | $146.31M | $171.51M | $139.09M | $31.69M | $54.54M | $26.04M |
| Total Long-Term Assets | $18.79B | $17.36B | $17.44B | $15.5B | $14.43B | $14.38B | $13.64B | $11.22B | $10.98B | $11.37B | $13.14B | $9.82B | $9.08B | $7.28B | $6.84B | $6B | $6.63B | $6.93B | $4.94B | $4.59B | $1.87B | $1.4B | $1.37B | $1.4B |
| 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 | $29.96B | $25.92B | $26.14B | $23.57B | $22B | $20.98B | $18.18B | $14.71B | $14.58B | $16.16B | $18.87B | $15.26B | $13.64B | $10.91B | $10.91B | $9.31B | $9.4B | $10.23B | $6.95B | $5.83B | $2.69B | $1.92B | $1.69B | $1.65B |
| Liabilities | ||||||||||||||||||||||||
| Current Liabilities | ||||||||||||||||||||||||
| Accounts Payable | $1.31B | $1.07B | $1.07B | $1.01B | $3.05B | $789.94M | $622.52M | $2.87B | $2.72B | $715.13M | $747.49M | $672.74M | $448.07M | $1.33B | $1.51B | $1.21B | $1.49B | $1.49B | $998.43M | $0 | $0 | $19.11M | $287.87M | $238.26M |
| Short-Term Debt | $1.15B | $833.84M | $1.75B | $974.74M | $927.17M | $1.07B | $951.53M | $747.97M | $550.42M | $1.18B | $1.35B | $830.53M | $683.38M | $648.86M | $605.51M | $629.68M | $953.21M | $751.09M | $79.5M | $57.31M | $3.49M | $6.31M | $96.22M | $28.74M |
| Current Income Tax Payable | $0 | $105.6M | $349.93M | $1.31B | $423.05M | $340.19M | $205.6M | $179.63M | $139.64M | $253.35M | $602.14M | $575.02M | $2.8B | $434.6M | $543.45M | $268.14M | $221M | $343.98M | $0 | $0 | $0 | $56.71M | $24.66M | $19.84M |
| Current Unearned Revenue | $249.5M | $0 | $36.56M | $0 | $2.25B | $340.19M | $2.5B | $179.63M | $139.64M | $253.35M | $602.14M | $575.02M | -$448.07M | $2.26B | $543.45M | $958.32M | $221M | $343.98M | $0 | $0 | $0 | $56.71M | $24.66M | $19.84M |
| Other Current Liabilities | $8.21B | $2B | $4.86B | $2.46B | $1.51B | $2.65B | -$468.64M | $1.2B | -$101.81M | $1.03B | $1.32B | $998.55M | $1.37B | $929.28M | $400.56M | $705.51M | $642.19M | $699.26M | $799.74M | $411.93M | $231.7M | $31.45M | -$69.82M | -$22.55M |
| Total Current Liabilities | $11.88B | $8.97B | $9.91B | $8.41B | $7.69B | $6.51B | $5.04B | $4.36B | $3.92B | $4.67B | $5.38B | $4.07B | $3.49B | $3.32B | $3.33B | $2.81B | $3.3B | $3.28B | $2.1B | $1.2B | $718.68M | $382.34M | $370.98M | $269.11M |
| Long-Term Liabilities | ||||||||||||||||||||||||
| Long-Term Debt | $3.16B | $4.01B | $3.36B | $3.96B | $3.94B | $4.72B | $4.72B | $4.4B | $4.28B | $4.05B | $3.17B | $2.37B | $2.08B | $1.31B | $1.42B | $1.49B | $1.27B | $1.75B | $1.38B | $1.72B | $451.32M | $223.1M | $194.54M | $195.38M |
| Long-Term Unearned Revenue | $78.52M | $65.43M | $67.95M | $62.84M | $47.63M | $19.36M | $19.18M | $17.5M | $16.24M | $22.97M | $31.69M | $32.83M | $2.08B | $27.84M | $0 | $10.28M | $0 | $0 | $0 | $0 | $0 | -$85.27M | $0 | -$49.31M |
| Long-Term Deferred Tax Liabilities | $505.18M | $406.28M | $343.31M | $298.93M | $581.27M | $595.88M | $625.59M | $571.11M | $454.2M | $544.77M | $784.23M | $662.21M | $866.07M | $528.11M | $483.25M | $423.36M | $340.73M | $300.02M | $160.92M | $167.06M | $51.3M | $40.05M | $48.53M | $54.36M |
| Other Long-Term Liabilities | $186.66M | $176.02M | $454.26M | $483.31M | $332.97M | $118.89M | $55.45M | -$1.89B | $201.57M | $1.07B | $1.15B | $748.51M | -$45.46M | $139.51M | -$24.96M | $115.88M | $101.87M | $53.16M | $206.33M | $170.67M | $84.61M | $85.27M | $0 | $129.05M |
| Total Long-Term Liabilities | $7.89B | $8.62B | $7.2B | $7.8B | $7.39B | $8.08B | $7.96B | $5.04B | $4.99B | $5.16B | $4.36B | $3.16B | $2.95B | $2B | $2.01B | $2.04B | $1.71B | $2.1B | $1.75B | $2.06B | $587.22M | $263.15M | $243.07M | $372.96M |
| 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 | $19.76B | $17.59B | $17.11B | $16.21B | $15.08B | $14.6B | $13B | $9.4B | $8.91B | $9.83B | $9.74B | $7.23B | $6.44B | $5.32B | $5.33B | $4.85B | $5.01B | $5.39B | $3.85B | $3.26B | $1.31B | $645.5M | $614.05M | $642.07M |
| Stockholders' Equity | ||||||||||||||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $338.8M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $0 | $0 | $0 | $0 | $0 | $2.22B | $0 | $2.22B | $2.21B | $2.21B | $2.42B | $2.42B | $0 | $2.56B | $2.69B | $2.74B | $2.66B | $1.44B | $1.44B | $1.43B | $858.26M | $852.6M | $847.31M | $838.41M |
| Retained Earnings | $6.05B | $4.78B | $5.83B | $5.75B | $5.06B | $4.29B | $3.48B | $3.39B | $3.43B | $3.9B | $5.26B | $5.49B | $4.82B | $3.74B | $3.4B | $2.95B | $2.46B | $3.05B | $2.29B | $1.74B | $1.17B | $431.41M | $210.05M | $94.29M |
| Comprehensive Income & Other | $321.89M | $0 | $227.37M | -$1.06B | -$663.48M | -$338.8M | $0 | -$7.23B | -$6.42B | -$6.19B | -$6.6B | -$4.91B | $0 | -$3.7B | -$3.52B | -$2.52B | -$2.16B | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Stockholders' Equity | $2.66B | $2.65B | $2.54B | $1.26B | $1.62B | -$319.86M | $1.57B | -$506.94M | -$58.45M | $45.88M | $1.12B | -$178.42M | $2.07B | -$952.19M | -$742.56M | -$1.37B | -$918.63M | $106.38M | -$876.12M | -$846.83M | -$844.97M | -$90.44M | -$31.27M | $24.42M |
| Total Equity | $8.71B | $7.42B | $8.37B | $7.01B | $6.68B | $6.19B | $5.05B | $5.1B | $5.58B | $6.16B | $8.8B | $7.73B | $6.88B | $5.35B | $5.35B | $4.32B | $4.21B | $4.59B | $2.85B | $2.33B | $1.19B | $1.19B | $1.03B | $957.12M |
| Minority Interest | $1.49B | $902.16M | $660.17M | $345.3M | $236.63M | $201.57M | $132.48M | $206.08M | $89.84M | $171.45M | $328.88M | $296.17M | $320.7M | $233.39M | $228.64M | $133.44M | $171.69M | $249.92M | $251.79M | $242.53M | $203.26M | $85.27M | $53.04M | $49.31M |
| Total Liabilities and Equity | $28.47B | $25.01B | $25.48B | $23.22B | $21.76B | $20.78B | $18.05B | $14.5B | $14.49B | $15.99B | $18.55B | $14.96B | $13.32B | $10.67B | $10.68B | $9.17B | $9.22B | $9.98B | $6.7B | $5.59B | $2.49B | $1.84B | $1.64B | $1.6B |
| Supplementary Data | ||||||||||||||||||||||||
| Total Debt | $8.81B | $9.37B | $8.93B | $8.29B | $7.75B | $8.76B | $8.46B | $5.15B | $4.83B | $5.27B | $4.56B | $3.2B | $2.77B | $1.96B | $2.05B | $2.12B | $2.22B | $2.5B | $1.46B | $1.78B | $454.81M | $229.42M | $290.76M | $347.34M |
| Net Debt | $6.2B | $7.54B | $6.67B | $5.77B | $5.37B | $6.92B | $7.16B | $4.2B | $3.87B | $3.62B | $2.52B | $612.24M | $386.37M | $410.85M | -$107.64M | -$37.22M | $776.83M | $879.72M | $404.23M | $1.17B | $180K | -$91.47M | $162.79M | $253.05M |
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 | $1.13B | -$265.62M | $707.68M | $1.16B | $1.73B | $1.75B | $1.06B | $902.52M | $574.6M | $315.29M | $2.1B | $3.07B | $1.58B | $2.22B | $1.43B | $1.01B | $1.55B | $1.71B | $716.58M | $727.58M | $403.15M | $259.3M | $133.38M | $32.95M |
| Depreciation & Amortization | $2.24B | $2.17B | $2.54B | $2.08B | $2.08B | $2.14B | $1.95B | $1.46B | $1.43B | $1.55B | $1.4B | $1.29B | $1.16B | $1.04B | $929.64M | $977.77M | $882.91M | $780.38M | $539.6M | $400.91M | $165.55M | $185.69M | $99.28M | $65.07M |
| Deferred Income Tax | $0 | $0 | $0 | $116.66M | -$812.91M | -$943.41M | -$1.17B | -$23.99M | -$483.37M | -$2.33B | -$2.52B | -$2.8B | $134.64M | $0 | $0 | $0 | $0 | -$578.69M | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $0 | $56.05M | $64.89M | $48.53M | $64.65M | $51.72M | $22.43M | $0 | $37.71M | $58.21M | $10.76M | $6.61M | $12.93M | $0 | $0 | $0 | $0 | $3.01M | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | ||||||||||||||||||||||||
| Accounts Receivable | -$52.02M | -$503.28M | -$527.21M | -$486.98M | -$242.17M | -$386.91M | -$169.4M | -$77.88M | -$164.59M | $242.47M | -$276.08M | -$115.82M | -$109.87M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | -$12.14M | $18.22M | $49.79M | -$36.74M | -$5.83M | $4.63M | $75.47M | $6.13M | $29.17M | $67.29M | -$140.3M | -$3.91M | -$37.71M | -$4.63M | $0 | $0 | $14.43M | -$67.59M | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | -$111.33M | $0 | $527.21M | $486.98M | $242.17M | $386.91M | $169.4M | $77.88M | $164.59M | -$242.47M | $276.08M | $115.82M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | -$2.9M | $29.17M | -$297.61M | -$128.45M | $237.6M | -$264.18M | -$635.57M | -$490.53M | -$310.84M | $822.72M | $102.41M | $15.21M | $0 | -$104.76M | $0 | $0 | $160.26M | $93.21M | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Working Capital Change | -$178.38M | -$455.89M | -$247.82M | -$165.19M | $231.76M | -$259.55M | -$560.1M | -$484.39M | -$446.27M | $1.13B | -$313.97M | -$104.52M | -$147.57M | -$109.39M | $0 | $0 | $174.69M | $25.62M | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Non-Cash Items | $1.15B | $1.31B | $785.61M | $851.88M | $746.82M | $776.95M | $877.68M | $64.83M | $312.95M | $524.86M | $111.49M | $165.67M | -$1.12B | -$1.64B | -$683.86M | $98.72M | -$425.64M | $115.22M | $298.33M | -$68.78M | -$17.8M | $71.99M | $87.86M | $88.94M |
| Net Cash from Operating | $4.34B | $2.82B | $3.85B | $4.1B | $4.05B | $3.52B | $2.18B | $1.95B | $1.42B | $1.25B | $789.1M | $1.63B | $1.63B | $1.51B | $1.68B | $2.09B | $2.18B | $2.06B | $1.55B | $1.06B | $550.9M | $516.99M | $320.52M | $186.96M |
| Investing Activities | ||||||||||||||||||||||||
| Capital Expenditures | -$2.36B | -$1.5B | -$1.94B | -$2.75B | -$2.12B | -$1.81B | -$1.63B | -$1.7B | -$1.6B | -$2.12B | -$1.93B | -$1.37B | -$1.48B | -$1.55B | -$937.58M | -$996.93M | -$1.79B | -$1.71B | -$982.14M | -$589.09M | -$387.15M | -$303.56M | -$236.87M | -$207.41M |
| Acquisitions | $8.58M | -$50.27M | $655K | $24.47M | $44.92M | $678.15M | $69.28M | $239.7M | -$167.3M | -$53.04M | -$182.81M | -$189.91M | $0 | -$21.65M | -$115.16M | $0 | -$132.6M | -$34.94M | $0 | -$1.73B | $0 | $421K | $0 | $0 |
| Purchases of Investments | -$9.47M | -$333.63M | -$2.04M | -$12.75M | -$8.6M | -$503.7M | -$4.27M | -$48.23M | -$61.34M | -$300.26M | -$289.43M | -$414.15M | $0 | $0 | -$511.63M | $0 | $0 | $0 | $0 | $0 | -$17.38M | $0 | -$28.87M | $0 |
| Sales of Investments | $56.64M | $0 | $52.02M | $29.59M | $311.98M | -$395.27M | $23.81M | $103.85M | $111.19M | -$301.4M | -$640.26M | -$225.39M | $0 | $0 | $193.46M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $241K |
| Other Investing Activities | -$41.99M | -$117.63M | -$1.26B | $126.04M | -$91.41M | $20.45M | $61.4M | $3.97M | $61.88M | $344.34M | $976.24M | $640.2M | $284.62M | -$52.74M | $131.16M | $52.74M | -$77.27M | $106.86M | -$49.31M | -$7.22M | -$372.54M | $8.6M | $5.17M | -$3.43M |
| Net Cash from Investing | -$2.34B | -$2B | -$3.14B | -$2.61B | -$1.86B | -$2.02B | -$1.48B | -$1.4B | -$1.66B | -$2.43B | -$2.06B | -$1.56B | -$1.19B | -$1.63B | -$1.24B | -$944.19M | -$2B | -$1.63B | -$1.03B | -$2.32B | -$777.07M | -$294.54M | -$260.57M | -$210.6M |
| Financing Activities | ||||||||||||||||||||||||
| Debt Repaid | $401.71M | $38.37M | -$442.24M | $188.47M | $1.21B | $6.25M | -$682.6M | $128.69M | $79.32M | -$1.47B | -$516.08M | -$299.66M | -$440.67M | $207.11M | $310.24M | $92.55M | -$78.06M | -$295.57M | $351.01M | -$1.15B | $34.94M | - | -$12.15M | -$11.25M |
| Common Stock Issuance | $191.19M | $0 | $0 | $0 | $131.76M | $0 | $1.81B | $183.83M | $11.55M | $71.26M | -$17.32M | -$12.39M | $301K | $180K | $361K | $78.54M | $2.16M | $2.47M | $3.61M | $0 | $0 | $1.86M | $1.86M | $0 |
| Common Stock Repurchases | -$28.57M | -$74.39M | -$78.12M | -$85.21M | -$15.45M | $0 | -$74.75M | $0 | $0 | -$159.06M | -$10.4M | -$135.25M | $0 | -$125.56M | -$55.93M | $0 | -$27.84M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | -$347.24M | -$358.59M | -$358.59M | -$325.57M | $0 | -$388.6M | -$562.39M | -$675.68M | -$755.6M | -$1.19B | -$1.41B | -$1.23B | -$973.42M | -$667.99M | $0 | $0 | -$555.89M | $0 | -$102.95M | -$82.63M | -$541K | $0 | $0 | $0 |
| Other Financing Activities | -$734.7M | -$503.16M | -$105.18M | -$2.95M | -$118.17M | -$128.75M | -$100.97M | $135.49M | $527.57M | $1.07B | $1.41B | $1.23B | $909.13M | $682.96M | -$198.63M | -$109.57M | $447.83M | -$280.47M | -$37.22M | $12.51M | $270.07M | $14.01M | $0 | $30.97M |
| Net Cash from Financing | -$1.32B | -$974.5M | -$570.39M | -$1.05B | -$1.57B | -$824.16M | -$260.99M | -$668.89M | -$295.81M | $1.26B | $487.16M | $158.7M | $376.69M | -$346.32M | -$723.61M | -$123.58M | -$55.69M | $17.56M | -$128.39M | $114.2M | $322.15M | $14.01M | $11.25M | $42.22M |
| Forex Effect | $229.44M | -$262.49M | -$585.12M | -$137.11M | -$91.11M | -$131.04M | -$78.18M | $94.05M | -$160.2M | -$492.63M | $232.12M | -$10.94M | $215.53M | -$116.78M | $245.41M | -$223.16M | -$307.53M | $162.31M | -$1.5M | $56.53M | -$3.13M | -$38.01M | -$29.59M | $7.04M |
| Net Change in Cash | $907.55M | -$450.66M | -$425.7M | $277.53M | $504.12M | $542.96M | $399.3M | -$58.33M | -$687.83M | -$406.76M | -$537.19M | $210.17M | $1.02B | -$582.23M | -$41.73M | $797.46M | -$177.4M | $604.36M | $393.17M | $537.43M | $83.71M | $198.45M | $41.61M | $25.62M |
| Supplementary Data | ||||||||||||||||||||||||
| Operating Cash Flow | $4.34B | $2.82B | $3.85B | $4.1B | $4.05B | $3.52B | $2.18B | $1.95B | $1.42B | $1.25B | $789.1M | $1.63B | $1.63B | $1.51B | $1.68B | $2.09B | $2.18B | $2.06B | $1.55B | $1.06B | $550.9M | $516.99M | $320.52M | $186.96M |
| Capital Expenditure | -$1.83B | -$1.9B | -$2.81B | -$2.75B | -$2.12B | -$1.81B | -$1.63B | -$1.7B | -$1.6B | -$2.12B | -$1.93B | -$1.37B | -$1.48B | -$1.55B | -$937.58M | -$996.93M | -$1.79B | -$1.71B | -$982.14M | -$589.09M | -$387.15M | -$303.56M | -$236.87M | -$207.41M |
| Free Cash Flow | $2.51B | $910.51M | $1.04B | $1.34B | $1.93B | $1.7B | $556.19M | $252.15M | -$178.42M | -$873.83M | -$1.14B | $257.86M | $147.75M | -$44.74M | $738.65M | $1.09B | $395.69M | $352.58M | $572.37M | $470.62M | $163.75M | $213.42M | $83.65M | -$20.45M |
| Cash at Beginning | $1.71B | $2.2B | $2.62B | $2.35B | $1.84B | $1.3B | $900.05M | $958.38M | $1.65B | $2.05B | $2.59B | $2.38B | $1.36B | $2.12B | $2.16B | $1.36B | $1.54B | $934.87M | $541.7M | $4.27M | $347.1M | $116.12M | $73.97M | $48.35M |
| Cash at End | $2.61B | $1.75B | $2.2B | $2.62B | $2.35B | $1.84B | $1.3B | $900.05M | $958.38M | $1.65B | $2.05B | $2.59B | $2.38B | $1.54B | $2.12B | $2.16B | $1.36B | $1.54B | $934.87M | $541.7M | $430.81M | $314.57M | $115.58M | $73.97M |