Novozymes A/S (NVZMY)
Novozymes A/S is a global biotechnology firm that specializes in the creation and distribution of industrial enzymes, microorganisms, and probiotics. Its operational footprint spans across Europe, the Middle East, Africa, North America, Latin America, and the Asia Pacific region. The company's broad range of products caters to numerous sectors: Food and Beverages: Supplying ingredients and processing aids for baking, a variety of beverages, dairy production, starch modification, and protein applications. Household Care: Delivering specialized formulations for laundry, dishwashing, and professional cleaning solutions. Agriculture: Providing innovations for crop cultivation, animal health and nutrition, alongside bioyield and biocontrol products for plant growth. Bioenergy and Industrial Processing: Offering critical components for grain and technical processing, encompassing liquefaction, saccharification, fermentation, fiber conversion, and biomass transformation. Textiles: Featuring technologies for biopreparation, biopolishing, bleach clean-up, denim abrasion and finishing, and desizing. Pulp and Paper: Enhancing processes through fiber modification, bleach boosting, deposit control, starch modification, and deinking agents. Leather Production: Furnishing treatments for acid bating, area expansion, general bating, degreasing, soaking, and unhairing/liming stages. Water and Waste Management: Contributing with bioaugmentation strategies, optimization of biogas production, and sludge management. Pharmaceuticals: Supplying specialized lipases (both free and immobilized), proteases for biocatalysis, and rTrypsin vital for cell culture applications. Furthermore, Novozymes provides offerings related to human health and various protein-based products. Founded in 1925, Novozymes A/S is headquartered in Bagsvaerd, Denmark.
Sector: Chemicals - Specialty
Industry: Chemicals - Specialty
Novozymes A/S
OTC:NVZMYBasic Materials · Chemicals - Specialty
-4.14%$68.83
CLOSED · Nov 6Prev close$71.80-4.14%Close$68.83
Mkt Cap$32.2B
Float347.62M
O/S467.8M
VOL27K sh
$ Vol$1.84M
RVOL0.96×
Inst Own-
SI<0.1%
Div Yield0.23%
Dilution
Financials Summary
Revenue$4.64B
Net Income$651.59M
Total Assets$18.25B
Free Cash Flow$838.16M
Debt & Equity
Debt 67%
Equity 33%
Total Debt$25.06B
Total Equity$12.12B
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in NVZMY's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$18.25B
Liabilities$6.13B
Accounts Receivable$970.69M
Accounts Payable$469.82M
Inventory$862.16M
PP&E (Net)$3.35B
Goodwill$6.91B
Intangible Assets$5.47B
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 | $4.64B | $573.49M | $19.98B | $19.6B | $16.69B | $15.64B | $16.05B | $16.07B | $16.22B | $15.79B | $15.63B | $13.91B | $13.11B | $12.54B | $11.73B | $10.86B | $9.43B | $9.1B | $8.3B | $7.59B | $7.01B | $6.69B | $6.48B | $6.3B |
| YoY Growth | 709.4% | -97.1% | 2.0% | 17.4% | 6.7% | -2.5% | -0.1% | -1.0% | 2.8% | 1.0% | 12.4% | 6.1% | 4.6% | 6.9% | 8.1% | 15.1% | 3.7% | 9.5% | 9.4% | 8.3% | 4.9% | 3.2% | 2.9% | - |
| Cost of Revenue | $2.14B | $302.79M | $9.13B | $8.89B | $7.07B | $6.88B | $7.17B | $6.85B | $6.83B | $6.72B | $6.56B | $5.93B | $5.62B | $5.37B | $5.14B | $4.81B | $4.18B | $4.23B | $3.9B | $3.51B | $3.28B | $3.18B | $3.13B | $3.05B |
| Gross Profit | $2.5B | $270.7M | $10.85B | $10.69B | $9.63B | $8.77B | $8.88B | $9.22B | $9.39B | $9.07B | $9.08B | $7.98B | $7.5B | $7.17B | $6.6B | $6.04B | $5.25B | $4.87B | $4.41B | $4.08B | $3.73B | $3.55B | $3.35B | $3.25B |
| Gross Margin | 53.9% | 47.2% | 54.3% | 54.6% | 57.7% | 56.0% | 55.3% | 57.4% | 57.9% | 57.5% | 58.1% | 57.4% | 57.2% | 57.2% | 56.2% | 55.7% | 55.6% | 53.5% | 53.1% | 53.7% | 53.3% | 53.1% | 51.8% | 51.5% |
| Research and Development | -$62.17M | $61.81M | $2.25B | $1.8B | $2.24B | $2.16B | $2.2B | $2.08B | $2.14B | $2.08B | $2.12B | $2.06B | $1.71B | $1.7B | $1.63B | $1.52B | $1.35B | $1.22B | $1.11B | $982.52M | $885.38M | $865.29M | $836.26M | $796.06M |
| Selling, General, and Administrative | $136.19M | $114.52M | $3.71B | $3.26B | $3.12B | $2.59B | $2.76B | $2.64B | $2.74B | $2.72B | $2.73B | $2.53B | $2.57B | $2.49B | $2.4B | $2.24B | $2.09B | $2.02B | $1.78B | $1.67B | $1.54B | $1.5B | $1.47B | $1.46B |
| Other | $1.44B | -$4.22M | $452.18M | -$41.36M | -$73.69M | -$62.52M | -$580.58M | -$48.01M | $3.35M | -$130.63M | -$109.42M | -$378.49M | -$14.51M | -$87.09M | -$55.83M | -$77.04M | -$71.46M | -$52.48M | -$137.33M | -$65.87M | -$37.96M | -$34.61M | -$49.13M | -$62.52M |
| Total Operating Expenses | $1.52B | $172.11M | $6.42B | $5.06B | $5.29B | $4.69B | $4.37B | $4.67B | $4.87B | $4.67B | $4.74B | $4.2B | $4.26B | $4.11B | $3.98B | $3.68B | $3.36B | $3.19B | $2.76B | $2.58B | $2.39B | $2.33B | $2.26B | $2.19B |
| Operating Income (EBIT) | $985.42M | $741.06M | $4.44B | $5.09B | $4.55B | $4.08B | $4.51B | $4.54B | $4.52B | $4.41B | $4.34B | $3.78B | $3.24B | $3.06B | $2.61B | $2.36B | $1.88B | $1.68B | $1.65B | $1.4B | $1.35B | $1.22B | $1.1B | $1.06B |
| Operating Margin | 21.2% | 129.2% | 22.2% | 26.0% | 27.2% | 26.1% | 28.1% | 28.3% | 27.9% | 27.9% | 27.7% | 27.2% | 24.7% | 24.4% | 22.3% | 21.8% | 20.0% | 18.5% | 19.9% | 18.5% | 19.2% | 18.2% | 16.9% | 16.8% |
| Interest Expense | $10.2M | $85.3M | $25.94M | $172.29M | $113.88M | $70.34M | $126.72M | $40.45M | $30.15M | $34.61M | $34.61M | $64.76M | $73.69M | $80.68M | $111.73M | $119.47M | $245.63M | $388.54M | $252.33M | $285.82M | $147.38M | $136.21M | $212.13M | $198.74M |
| Interest Income | $3.14M | $30.03M | $18.69M | $19.63M | $20.1M | $11.16M | $99.18M | $11.56M | $7.82M | $5.58M | $4.47M | $10.05M | $5.58M | $14.17M | $21.39M | $126.16M | $170.82M | $293.64M | $145.15M | $149.61M | $84.85M | $99.37M | $248.98M | $146.26M |
| Other Income (Expense) | -$155.42M | -$36.19M | -$74.81M | -$5.58M | $19.79M | -$146.26M | -$267.96M | -$149.61M | -$190.92M | -$72.57M | -$293.64M | -$117.23M | -$158.54M | -$179.76M | $83.74M | $6.7M | -$74.81M | -$94.9M | -$107.18M | -$84.39M | -$62.52M | -$36.84M | $36.84M | -$52.48M |
| Income Before Tax (EBT) | $830.01M | $62.4M | $4.36B | $5.09B | $4.57B | $3.93B | $4.24B | $4.39B | $4.33B | $4.33B | $4.04B | $3.66B | $3.08B | $2.89B | $2.7B | $2.37B | $1.81B | $1.58B | $1.55B | $1.32B | $1.28B | $1.18B | $1.13B | $1B |
| Income Tax Expense | $171.38M | $16.65M | $971.36M | $971.36M | $869.75M | $775.97M | $719.03M | $791.6M | $844.07M | $927.81M | $888.73M | $841.84M | $623.01M | $634.17M | $655.39M | $568.3M | $476.75M | $398.59M | $359.6M | $332.16M | $322.67M | $286.69M | $312.62M | $282.47M |
| Net Income | $651.59M | $45.75M | $3.38B | $4.1B | $3.51B | $3.15B | $3.52B | $3.6B | $3.48B | $3.41B | $3.15B | $2.82B | $2.46B | $2.25B | $2.04B | $1.8B | $1.33B | $1.19B | $1.16B | $1.02B | $961.31M | $865.29M | $820.63M | $722.38M |
| Net Income Margin | 14.0% | 8.0% | 16.9% | 20.9% | 21.0% | 20.2% | 21.9% | 22.4% | 21.5% | 21.6% | 20.2% | 20.3% | 18.7% | 17.9% | 17.4% | 16.6% | 14.1% | 13.0% | 14.0% | 13.4% | 13.7% | 12.9% | 12.7% | 11.5% |
| Supplementary Data | ||||||||||||||||||||||||
| EPS | 1.35 | 0.15 | 1.46 | 13.29 | 11.32 | 10.07 | 11.06 | 11.11 | 10.56 | 10.15 | 9.23 | 8.10 | 7.01 | 6.42 | 6.16 | 5.17 | 3.74 | 3.45 | 3.17 | 2.82 | 2.77 | 2.05 | 0.00 | 0.00 |
| Diluted EPS | 1.25 | 0.15 | 1.46 | 13.19 | 11.23 | 10.02 | 11.01 | 11.03 | 10.49 | 10.06 | 9.12 | 8.02 | 6.93 | 6.33 | 6.10 | 5.06 | 3.68 | 3.40 | 3.12 | 2.71 | 2.71 | 2.00 | 0.00 | 0.00 |
| Weighted Average OS | 414.55M | 277.90M | 277.94M | 278.70M | 277.92M | 280.43M | 285.11M | 290.42M | 295.34M | 300.47M | 306.00M | 311.90M | 313.76M | 313.98M | 315.16M | 313.18M | 310.27M | 309.35M | 309.57M | 314.37M | 327.31M | 341.38M | 0 | 0 |
| EBITDA | $1.55B | $1.35B | $6.11B | $6.83B | $6.02B | $5.4B | $5.63B | $5.89B | $5.75B | $5.46B | $5.58B | $4.67B | $3.98B | $3.77B | $3.61B | $3.22B | $2.69B | $2.59B | $2.35B | $2.15B | $1.96B | $1.88B | $1.93B | $1.8B |
| EBITDA Margin | 33.3% | 235.1% | 30.6% | 34.8% | 36.1% | 34.5% | 35.1% | 36.7% | 35.4% | 34.5% | 35.7% | 33.6% | 30.3% | 30.1% | 30.8% | 29.7% | 28.5% | 28.5% | 28.2% | 28.3% | 28.0% | 28.1% | 29.8% | 28.5% |
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 | $307.37M | $312.62M | $1.25B | $1.16B | $1.08B | $1.32B | $793.83M | $807.23M | $705.63M | $906.6M | $936.74M | $2.83B | $1.12B | $597.33M | $744.71M | $1.64B | $1.43B | $1.11B | $513.59M | $554.9M | $506.89M | $592.86M | $637.52M | $928.93M |
| Short-Term Investments | $22.66M | $4.47M | $44.66M | $89.32M | $83.74M | $132.86M | $16.75M | $15.63M | $17.86M | $4.47M | $22.33M | $18.98M | $97.14M | $50.24M | $53.59M | $198.74M | $208.79M | $0 | $219.31M | $197.62M | $168.59M | $163.01M | $128.4M | $185.34M |
| Cash and Short-Term Investments | $330.04M | $317.09M | $1.29B | $1.24B | $1.16B | $1.45B | $810.58M | $822.86M | $723.49M | $911.06M | $959.07M | $2.85B | $1.22B | $647.57M | $798.3M | $1.83B | $1.43B | $1.11B | $513.59M | $752.52M | $675.48M | $696.7M | $765.92M | $1.11B |
| Accounts Receivable | $970.69M | $898.34M | $606.82M | $4.59B | $526.48M | $3.09B | $4.03B | $3.47B | $2.85B | $2.99B | $2.86B | $2.51B | $3.12B | $2.64B | $2.42B | $2.26B | $1.99B | $1.67B | $1.82B | $1.49B | $1.36B | $1.27B | $1.44B | $1.33B |
| Inventory | $862.16M | $804.55M | $4.05B | $4.21B | $3.34B | $2.64B | $2.92B | $3.15B | $2.89B | $2.78B | $2.55B | $2.44B | $2.12B | $2.02B | $1.94B | $1.83B | $1.71B | $1.74B | $1.48B | $1.48B | $1.34B | $1.26B | $1.25B | $1.47B |
| Other Current Assets | $51.36M | $78.38M | $4.62B | $80.43M | $3.71B | $539.27M | $114.03M | $194.27M | $389.66M | $456.65M | $502.43M | $369.56M | $46.88M | $154.08M | $186.46M | $259.03M | $334.6M | $265.32M | $264.01M | $276.89M | $355.05M | $282.47M | $252.33M | $302.57M |
| Total Current Assets | $2.21B | $2.1B | $10.56B | $10.32B | $8.73B | $7.72B | $7.87B | $7.63B | $6.85B | $7.14B | $6.86B | $8.16B | $6.51B | $5.46B | $5.35B | $6.18B | $5.47B | $4.78B | $4.08B | $4B | $3.73B | $3.51B | $3.7B | $4.22B |
| Long-Term Assets | ||||||||||||||||||||||||
| Property, Plant & Equipment Net | $3.35B | $3.31B | $13.76B | $13.48B | $11.37B | $10.73B | $11.4B | $10.83B | $9.97B | $9.65B | $9.11B | $8.37B | $7.97B | $7.91B | $7.32B | $6.55B | $5.36B | $4.82B | $4.29B | $3.97B | $3.88B | $3.93B | $4.22B | $4.45B |
| Goodwill | $6.91B | $6.26B | $2.21B | $2.24B | $2.26B | $1.23B | $1.08B | $1.21B | $1.24B | $1.29B | $1.27B | $1.24B | $1.14B | $905.48M | $932.28M | $0 | $494.97M | $463.35M | $558.25M | $241.16M | $133.98M | $106.07M | $139.56M | $130.63M |
| Intangible Assets | $5.47B | $4.93B | $2.85B | $3B | $3.35B | $1.63B | $1.07B | $1.17B | $1.48B | $1.76B | $1.71B | $2.06B | $2.06B | $2.08B | $2.48B | $1.19B | $1.25B | $853.01M | $916.65M | $617.42M | $347.23M | $419.8M | $456.65M | $485.68M |
| Long-Term Investments | $41.29M | $43.21M | $347.56M | $262.38M | -$17.86M | -$72.57M | $49.13M | $53.59M | $80.39M | $245.63M | $234.47M | $40.19M | -$31.26M | $7.82M | $0 | -$142.91M | $1.12M | $80.62M | $8.95M | -$184.22M | -$146.26M | $0 | $0 | -$144.03M |
| Deferred Tax Assets | $270.42M | $307.04M | $1.97B | $1.81B | $1.83B | $1.49B | $1.3B | $1.05B | $842.96M | $677.72M | $512.47M | $541.5M | $509.12M | $250.1M | $307.04M | $79.27M | $69.22M | $75.92M | $52.48M | $50.24M | $46.89M | $29.03M | $0 | $0 |
| Other Long-Term Assets | $18K | $11.16M | -$1.44M | $125.05M | $127.28M | $177.52M | $49.13M | $53.59M | $56.94M | $68.11M | $151.84M | $158.54M | $278.01M | $263.49M | $0 | $198.74M | -$821 | $3.11M | -$19K | $197.62M | $168.59M | -$29.03M | $0 | $185.34M |
| Total Long-Term Assets | $16.04B | $14.87B | $21.13B | $20.93B | $18.92B | $15.18B | $14.95B | $14.36B | $13.66B | $13.69B | $13B | $12.41B | $11.92B | $11.41B | $10.11B | $7.88B | $6.69B | $6.3B | $5.83B | $4.89B | $4.43B | $4.46B | $4.82B | $5.11B |
| 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 | $18.25B | $16.97B | $31.7B | $31.24B | $27.65B | $22.9B | $22.82B | $21.99B | $20.51B | $20.83B | $19.86B | $20.57B | $18.43B | $16.87B | $15.45B | $14.06B | $12.16B | $11.08B | $9.9B | $8.89B | $8.16B | $7.9B | $8.52B | $9.32B |
| Liabilities | ||||||||||||||||||||||||
| Current Liabilities | ||||||||||||||||||||||||
| Accounts Payable | $469.82M | $472.39M | $1.8B | $2.09B | $1.66B | $1.23B | $1.25B | $1.58B | $1.5B | $1.33B | $1.33B | $1.25B | $1.09B | $1.17B | $831.79M | $853.01M | $592.86M | $703.39M | $471.16M | $430.97M | $349.46M | $301.45M | $232.23M | $284.71M |
| Short-Term Debt | $1.9B | $297.44M | $3.39B | $3.26B | $2.39B | $1.23B | $1.54B | $2B | $1.08B | $99.37M | $82.62M | $663.2M | $102.72M | $271.31M | $169.71M | $0 | $624.58M | $979.31M | $871.64M | $0 | $0 | $53.59M | $416.45M | $227.77M |
| Current Income Tax Payable | $130.3M | $67.99M | $27.44M | $363.98M | $542.62M | $375.14M | $481.21M | $641.99M | $539.27M | $487.91M | $411.99M | $434.32M | $397.47M | $84.85M | $41.31M | $96.02M | $108.3M | $179.76M | $54.71M | $55.83M | $53.59M | $90.44M | $74.81M | $52.48M |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $181.99M | $99.37M | $741.36M | $641.99M | $230.45M | $487.91M | $0 | $949.02M | $0 | $84.85M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $90.44M | $0 | $0 |
| Other Current Liabilities | $561.63M | $377.27M | $1.85B | $3.84B | $1.2B | $1.28B | $740.24M | $1.95B | $1.52B | $2.06B | $1.38B | -$1.1B | -$490.65M | $190.92M | $366.21M | $380.73M | $114.54M | $276.75M | $1.28B | $1.68B | $1.21B | $534.81M | $0 | $0 |
| Total Current Liabilities | $3.06B | $1.22B | $8.11B | $7.77B | $6.33B | $4.65B | $5.29B | $6.17B | $5.11B | $3.98B | $3.68B | $4.4B | $2.9B | $3.25B | $2.63B | $2.8B | $2.81B | $3.22B | $2.67B | $2.16B | $1.61B | $1.41B | $1.62B | $1.3B |
| Long-Term Liabilities | ||||||||||||||||||||||||
| Long-Term Debt | $1.46B | $1.71B | $716.22M | $4.04B | $4.11B | $3.62B | $3.1B | $1.64B | $1.45B | $1.91B | $1.34B | $1.34B | $1.89B | $1.9B | $1.69B | $0 | $0 | $0 | $0 | $0 | $0 | $1.39B | $1.2B | $2.08B |
| Long-Term Unearned Revenue | $89.21M | $117.57M | $22.79M | $144.03M | $109.42M | $0 | $0 | $222.18M | $376.26M | $602.91M | $858.59M | $1.06B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $2.67B | $1.4B | $294.31M | $1.85B | $1.49B | $1.34B | $981.4M | $995.92M | $805M | $953.49M | $798.3M | $875.34M | $1.07B | $1.16B | $1.01B | $550.43M | $774.85M | $949.02M | $1.05B | $844.07M | $640.87M | $801.65M | $975.82M | $1.11B |
| Other Long-Term Liabilities | $58.81M | $44.33M | $700.16M | $1.23B | $1.59B | $301.66M | $128.4M | $194.27M | $186.46M | $272.43M | $236.7M | $298.11M | $211.02M | $209.9M | $270.19M | $1.96B | $2.04B | $1.91B | $2.09B | $2.1B | $1.67B | $62.52M | $70.34M | $91.55M |
| Total Long-Term Liabilities | $3.07B | $3.27B | $1.02B | $7.58B | $7.69B | $5.7B | $4.71B | $3.05B | $2.82B | $3.74B | $3.24B | $3.58B | $3.17B | $3.27B | $2.97B | $2.51B | $2.81B | $2.86B | $3.14B | $2.94B | $2.31B | $2.25B | $2.24B | $3.28B |
| 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 | $6.13B | $4.49B | $15.68B | $15.36B | $14.02B | $10.35B | $10B | $9.22B | $7.93B | $7.72B | $6.92B | $7.98B | $6.07B | $6.19B | $5.6B | $5.31B | $5.63B | $6.08B | $5.81B | $5.1B | $3.92B | $3.62B | $3.86B | $4.58B |
| 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 | $140.12M | $140.23M | $627.47M | $627.47M | $629.71M | $636.4M | $649.8M | $663.2M | $681.07M | $692.23M | $698.93M | $713.44M | $713.44M | $725.73M | $725.73M | $725.73M | $725.73M | $725.73M | $725.73M | $725.73M | $777.08M | $810.58M | $841.84M | $841.84M |
| Retained Earnings | $12.46B | $12.32B | $15.36B | $14.58B | $12.62B | $12.58B | $12.07B | $12.22B | $12.13B | $11.7B | $11.61B | $11.4B | $11.44B | $9.46B | $8.59B | $9.06B | $7.43B | $6.29B | $5.38B | $4.55B | $5.14B | $5.02B | $4.79B | $4.1B |
| Comprehensive Income & Other | -$478.55M | $20.81M | -$378.49M | $237.81M | -$44.66M | -$669.9M | $84.85M | -$125.05M | -$242.28M | $702.28M | $623.01M | $470.05M | $188.69M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Stockholders' Equity | -$478.76M | $20.1M | -$378.49M | $237.81M | -$44.66M | -$669.9M | $84.85M | -$125.05M | -$242.28M | $702.28M | $623.01M | $470.05M | $188.69M | $482.33M | $519.17M | -$1.05B | -$1.64B | -$2.04B | -$2.03B | -$1.52B | -$1.72B | -$1.45B | -$1.04B | -$407.52M |
| Total Equity | $12.12B | $12.48B | $15.61B | $15.45B | $13.2B | $12.54B | $12.8B | $12.76B | $12.57B | $13.1B | $12.93B | $12.58B | $12.34B | $10.67B | $9.84B | $8.74B | $6.51B | $4.99B | $4.08B | $3.75B | $4.2B | $4.37B | $4.59B | $4.54B |
| Minority Interest | $0 | $0 | $416.12M | $436.55M | $423.15M | $12.28M | $13.4M | $14.51M | $14.51M | $14.51M | $14.51M | $12.28M | $13.4M | $14.51M | $16.75M | $13.4M | $11.16M | $12.28M | $11.16M | $37.96M | $36.84M | $35.73M | $34.61M | $103.83M |
| Total Liabilities and Equity | $18.25B | $16.97B | $31.28B | $30.81B | $27.23B | $22.89B | $22.8B | $21.98B | $20.5B | $20.82B | $19.85B | $20.56B | $18.42B | $16.86B | $15.44B | $14.05B | $12.14B | $11.07B | $9.89B | $8.85B | $8.12B | $7.99B | $8.45B | $9.12B |
| Supplementary Data | ||||||||||||||||||||||||
| Total Debt | $25.06B | $2.01B | $8.63B | $7.76B | $538.15M | $5.44B | $5.25B | $3.64B | $2.54B | $2.01B | $1.42B | $2.01B | $2B | $2.17B | $1.86B | $0 | $0 | $0 | $0 | $0 | $0 | $1.44B | $1.61B | $2.31B |
| Net Debt | $24.75B | $1.69B | $7.39B | -$703.39M | -$537.04M | $4.12B | $4.46B | $2.83B | $1.83B | $1.11B | $487.91M | -$822.86M | $876.45M | $1.57B | $1.12B | -$1.64B | -$1.43B | -$1.11B | -$513.59M | -$554.9M | -$506.89M | $850.77M | $975.82M | $1.38B |
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 | $651.59M | $341.43M | $3.38B | $4.12B | $3.51B | $3.16B | $3.52B | $3.6B | $3.48B | $3.41B | $422.59M | $378.52M | $2.46B | $2.25B | $0 | $0 | $1.33B | $1.2B | $1.16B | $0 | $0 | $0 | $0 | $0 |
| Depreciation & Amortization | $641.76M | $607.49M | $1.55B | $1.63B | $1.53B | $1.4B | $1.29B | $1.15B | $1.15B | $1.09B | $1.06B | $941.49M | $823.98M | $804.52M | $811.73M | $731M | $629.71M | $620.77M | $547.09M | $501.11M | $533.62M | $561.09M | $583.93M | $593.98M |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $1.12M | -$309.27M | -$1.16B | $221.07M | $24.56M | $0 | $0 | $0 | $33.49M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $22.78M | $0 | $22.64M | $141.8M | $87.09M | $60.29M | $56.94M | $99.37M | $141.8M | $140.68M | $15.86M | $119.47M | $8.23M | $11.07M | $0 | $0 | $9.6M | $6.15M | $2.99M | $2.84M | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | ||||||||||||||||||||||||
| Accounts Receivable | -$123.22M | -$46.45M | -$197.62M | -$368.44M | -$640.87M | $441.02M | -$265.73M | -$417.25M | -$101.46M | $15.28M | -$347.23M | $264.06M | -$309.27M | -$295.87M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $6.65M | $171.72M | $154.08M | -$878.69M | -$620.77M | $202.09M | $243.4M | -$270.46M | -$236.75M | -$233.93M | -$66.99M | -$212.62M | -$91.55M | -$94.9M | -$69.22M | -$14.51M | $48.01M | -$271.31M | $43.54M | -$53.59M | -$25.68M | -$46.89M | $164.13M | -$22.33M |
| Accounts Payable | $176.63M | $0 | $197.62M | $0 | $0 | -$295.87M | $0 | -$306.29M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | $0 | $177.3M | -$339.42M | -$10.05M | -$8.93M | $1.12M | $4.47M | $15.03M | $75.04M | -$150.47M | -$15.63M | $1.9B | -$16.75M | $0 | -$136.21M | $31.26M | -$241.16M | $131.75M | -$165.24M | -$213.25M | $160.78M | $25.68M | -$2.23M | -$3.35M |
| Total Working Capital Change | $60.06M | $302.57M | -$185.34M | -$1.26B | -$1.27B | $347.23M | -$17.86M | -$978.98M | -$274.66M | -$369.11M | -$429.85M | $1.95B | -$417.57M | -$20.8M | -$205.44M | $16.75M | -$193.15M | -$139.56M | -$121.7M | -$266.84M | $135.1M | -$21.21M | $161.89M | -$25.68M |
| Other Non-Cash Items | -$12.38M | -$112.77M | -$128.71M | -$154.08M | $678.32M | $213.65M | -$126.45M | $16.4M | $12.48M | $22.99M | -$573.38M | $1.66B | -$3.76M | -$38.82M | $2.42B | -$399.71M | $249.42M | $207.62M | $321.91M | $1.48B | -$470.43M | $897.06M | $788.25M | $750.29M |
| Net Cash from Operating | $1.36B | $1.14B | $4.64B | $4.47B | $4.54B | $4.86B | $3.57B | $4.11B | $4.54B | $4.29B | $499.47M | $5.05B | $2.9B | $3.01B | $3.02B | $348.04M | $2.03B | $1.89B | $1.91B | $1.71B | $198.28M | $1.44B | $1.53B | $1.32B |
| Investing Activities | ||||||||||||||||||||||||
| Capital Expenditures | -$457.54M | -$377.71M | -$2.07B | -$3.23B | -$1.38B | -$1.05B | -$1.11B | -$1.55B | -$1.79B | -$1.43B | -$1.17B | -$105.39M | -$877.57M | -$1.26B | -$1.57B | -$1.48B | -$1.1B | -$1.08B | -$778.96M | -$546.39M | -$429.28M | -$42.17M | -$59.23M | -$409.76M |
| Acquisitions | -$1.7B | $177.86M | -$90.44M | $212.13M | -$1.82B | -$656.5M | $480.1M | -$4.47M | $32.76M | -$138.71M | -$256.49M | $4.57M | -$711.42M | -$817.28M | -$1.69B | -$25.68M | $40.04M | $19.2M | -$759.05M | -$484.72M | $36.36M | -$3.06M | -$18.44M | -$303.69M |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$4.47M | -$7.82M | -$17.63M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | -$46.11M | -$23.11M | -$217.72M | $31.26M | $138.45M | $4.47M | $6.7M | $8.93M | $417K | $79.6M | -$9 | -$245.3M | $205K | -$4.54M | $0 | $1.31B | $5.41M | $7 | $0 | $0 | $7 | -$185.88M | -$563.2M | $36.84M |
| Net Cash from Investing | -$2.2B | -$222.97M | -$2.38B | -$2.98B | -$3.07B | -$1.7B | -$626.36M | -$1.55B | -$1.76B | -$1.51B | -$1.43B | -$346.12M | -$1.59B | -$2.08B | -$3.26B | -$202.02M | -$1.06B | -$1.06B | -$1.54B | -$1.03B | -$392.92M | -$231.12M | -$640.87M | -$676.6M |
| Financing Activities | ||||||||||||||||||||||||
| Debt Repaid | -$1.35B | $452.52M | -$119.8M | -$80.62M | -$129.26M | -$630.82M | - | -$1.09B | -$513.59M | -$567.18M | $540.39M | - | $7.82M | -$127.28M | $13.4M | $500.19M | $267.27M | -$619.66M | - | -$429.85M | - | $33.49M | $558.25M | $24.56M |
| Common Stock Issuance | $49.13M | $42.2M | $25.01M | $183.11M | $345M | $567.18M | $83.74M | $192.04M | $199.85M | $77.04M | $140.68M | $94.9M | $186.46M | $174.17M | $184.22M | $161.89M | $40.19M | $26.8M | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock Repurchases | -$111.54M | $0 | $0 | -$558.25M | -$1.67B | -$1.67B | -$2.23B | -$2.23B | -$2.23B | -$2.23B | -$2.23B | -$2.23B | $0 | -$928.93M | -$446.6M | $0 | $0 | $0 | -$433.2M | -$1.11B | -$1.03B | -$897.67M | -$433.2M | $0 |
| Dividends Paid | -$449.61M | -$278.9M | -$3.15B | -$1.7B | -$1.64B | -$1.65B | -$1.61B | -$1.47B | -$1.33B | -$1.18B | -$1.03B | -$878.69M | -$770.38M | -$673.25M | -$599.05M | -$400.82M | -$352.75M | -$349.07M | -$291.46M | -$275.9M | -$270.94M | -$221.4M | -$24.29M | -$21.95M |
| Other Financing Activities | $0 | -$95.91M | $41.38M | $67.04M | $173.07M | $443.25M | -$24.8M | $190.92M | -$304.32M | $0 | -$303.69M | $93.79M | $159.23M | -$3.35M | $252.92M | $605.89M | -$2.87M | -$279.69M | -$6.27M | $2.93M | $3.29M | -$273K | -$98.53M | -$364.36M |
| Net Cash from Financing | $841.06M | -$785.12M | -$2.11B | -$1.4B | -$1.77B | -$2.58B | -$2.95B | -$2.42B | -$2.98B | -$2.77B | -$4.11B | -$3.02B | -$593.98M | -$1.3B | -$98.63M | -$110.37M | -$583.93M | $320.44M | -$704.51M | -$920.75M | -$169.87M | -$154.43M | -$1.11B | -$410.87M |
| Forex Effect | -$9.6M | $14.85M | -$61.41M | -$6.7M | $59.17M | -$52.48M | -$3.35M | -$32.38M | -$24.56M | $2.23M | -$64.76M | -$1.12M | -$35.73M | $24.56M | -$12.28M | $3.59M | $3.35M | $22.33M | -$6.7M | -$29.03M | $675.28M | -$4.47M | $6.7M | $15.63M |
| Net Change in Cash | -$5.25M | $145.48M | $83.74M | $87.09M | -$243.4M | $524.75M | -$13.4M | $101.6M | -$493.49M | $10.05M | -$1.85B | $1.69B | $683.3M | -$328.25M | -$781.55M | $292.52M | $356.16M | $1.19B | -$435.44M | -$330.48M | $505.21M | $52.48M | -$214.37M | $246.75M |
| Supplementary Data | ||||||||||||||||||||||||
| Operating Cash Flow | $1.36B | $1.14B | $4.64B | $4.47B | $4.54B | $4.86B | $3.57B | $4.11B | $4.54B | $4.29B | $3.73B | $5.05B | $2.9B | $3.08B | $3.02B | $2.59B | $2.03B | $1.89B | $1.91B | $1.71B | $1.48B | $1.44B | $1.53B | $1.32B |
| Capital Expenditure | -$525.65M | -$401.72M | -$2.3B | -$3.23B | -$1.38B | -$1.05B | -$1.11B | -$1.55B | -$1.89B | -$1.36B | -$1.15B | -$807.23M | -$877.57M | -$1.32B | -$1.48B | -$1.48B | -$1.14B | -$1.07B | -$829.56M | -$563.83M | -$408.64M | -$374.03M | -$444.37M | -$409.76M |
| Free Cash Flow | $838.16M | $737M | $2.34B | $1.25B | $3.15B | $3.81B | $2.46B | $2.55B | $2.65B | $2.93B | $2.58B | $4.24B | $2.02B | $1.76B | $1.55B | $1.11B | $889.85M | $823.98M | $1.08B | $1.15B | $1.07B | $1.06B | $1.09B | $908.83M |
| Cash at Beginning | $312.62M | $167.14M | $1.16B | $1.08B | $1.32B | $793.83M | $807.23M | $705.63M | $898.78M | $888.73M | $2.74B | $1.05B | $368.44M | $696.7M | $1.48B | $1.19B | $829.56M | -$356.16M | $79.27M | $409.76M | $539.27M | $486.79M | $701.16M | $454.42M |
| Cash at End | $307.37M | $312.62M | $1.25B | $1.16B | $1.08B | $1.32B | $793.83M | $807.23M | $405.29M | $898.78M | $888.73M | $2.74B | $1.05B | $368.44M | $696.7M | $1.48B | $1.19B | $829.56M | -$356.16M | $79.27M | $409.76M | $539.27M | $486.79M | $701.16M |