Japan Exchange Group, Inc./ADR (OSCUF)
Japan Exchange Group, Inc. operates as a financial exchange holding company that manages stock-company type financial instruments exchange and related businesses. It provides market infrastructure for financial instruments that offers investors a venue to manage their financial assets and listed companies, a platform to raise funds they require. The company was founded on January 1, 2013 and is headquartered in Tokyo, Japan.
Industry: Financial - Data & Stock Exchanges
Japan Exchange Group, Inc.
OTC:OSCUFFinancial Services · Financial - Data & Stock Exchanges
Mkt Cap-
Float945.38M
O/S-
Inst Own-
SI0.2%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$1.27B
Net Income$505.81M
Total Assets$457.62B
Free Cash Flow$682.45M
Debt & Equity
Debt 13%
Equity 87%
Total Debt$335.5M
Total Equity$2.21B
Shares Outstanding
Short Interest
Split History1 split
- 2:1Forward splitSep 27, 20241 share → 2
Balance Sheet Details
Assets$457.62B
Liabilities$455.33B
Accounts Receivable$157.65M
Accounts Payable$55.05M
Inventory$0
PP&E (Net)$78.38M
Goodwill$440.53M
Intangible Assets$192.36M
Income Statement
| Period | FY 2026 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2026-03-31 | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 | 2021-03-31 | 2020-03-31 | 2019-03-31 | 2018-03-31 | 2017-03-31 | 2016-03-31 | 2015-03-31 | 2014-03-31 | 2013-03-31 | 2012-03-31 | 2011-03-31 | 2010-03-31 | 2009-03-31 | 2008-03-31 | 2007-03-31 | 2006-03-31 |
| Revenue | $1.27B | $1.04B | $1B | $854.23M | $861.49M | $849.2M | $791.79M | $770.95M | $768.41M | $686.24M | $742.56M | $676.33M | $724.39M | $455.44M | $142.87M | $145.98M | $146.22M | $127.35M | $118.7M | $102.21M | $63.69M |
| YoY Growth | 22.0% | 4.0% | 17.3% | -0.8% | 1.4% | 7.3% | 2.7% | 0.3% | 12.0% | -7.6% | 9.8% | -6.6% | 59.1% | 218.8% | -2.1% | -0.2% | 14.8% | 7.3% | 16.1% | 60.5% | - |
| Cost of Revenue | $361.07M | $476.9M | $455.95M | $429.11M | $401.61M | $389.97M | $372.11M | $343.78M | $323.4M | $318.81M | $326.41M | $339.63M | $385.94M | $84.89M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Gross Profit | $911.12M | $565.83M | $546.32M | $425.12M | $459.87M | $459.23M | $419.68M | $427.16M | $445M | $367.44M | $416.15M | $336.7M | $338.45M | $370.55M | $142.87M | $145.98M | $146.22M | $127.35M | $118.7M | $102.21M | $63.69M |
| Gross Margin | 71.6% | 54.3% | 54.5% | 49.8% | 53.4% | 54.1% | 53.0% | 55.4% | 57.9% | 53.5% | 56.0% | 49.8% | 46.7% | 81.4% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $62.85M | $60.91M | $43.37M |
| Other | $177.26M | -$6.57M | -$9.07M | -$8.38M | -$6.78M | -$14.37M | -$15.61M | -$14.48M | -$10.97M | -$9.69M | -$4.76M | -$3.28M | -$349K | $246.35M | $89.71M | $97.82M | $97.16M | $78.23M | $6K | $6K | -$6K |
| Total Operating Expenses | $177.26M | -$6.57M | -$9.07M | -$8.38M | -$6.78M | -$14.37M | -$15.61M | -$14.48M | -$10.97M | -$9.69M | -$4.76M | -$3.28M | -$349K | $246.35M | $89.71M | $97.82M | $97.16M | $78.23M | $62.85M | $60.92M | $43.37M |
| Operating Income (EBIT) | $733.86M | $572.4M | $555.39M | $433.5M | $466.66M | $473.59M | $435.28M | $441.64M | $455.97M | $377.13M | $420.91M | $339.98M | $338.8M | $124.2M | $53.16M | $48.16M | $49.06M | $49.12M | $55.85M | $41.3M | $20.32M |
| Operating Margin | 57.7% | 54.9% | 55.4% | 50.7% | 54.2% | 55.8% | 55.0% | 57.3% | 59.3% | 55.0% | 56.7% | 50.3% | 46.8% | 27.3% | 37.2% | 33.0% | 33.6% | 38.6% | 47.0% | 40.4% | 31.9% |
| Interest Expense | $1.89M | $1.1M | $686K | $610K | $654K | $629K | $654K | $521K | $527K | $51K | $229K | $260K | $514K | $699K | $127K | $76K | $76K | $76K | $57K | $13K | $0 |
| Interest Income | $5.91M | $2.08M | $438K | $311K | $368K | $1.69M | $4.22M | $8.47M | $8.14M | $7.84M | $9.78M | $8.89M | $9.68M | $1.94M | $2.93M | $3.14M | $6.57M | $10.08M | $7.27M | $2.97M | $489K |
| Other Income (Expense) | $13.41M | $984K | -$254K | -$292K | -$279K | $1.06M | $3.57M | $7.95M | $7.62M | $7.79M | $9.55M | $8.63M | $9.17M | -$959K | $5.32M | $9.68M | $10.4M | $7.05M | $7.18M | $2.45M | -$4.45M |
| Income Before Tax (EBT) | $747.27M | $573.39M | $555.14M | $433.21M | $466.38M | $474.65M | $438.85M | $449.59M | $463.59M | $384.92M | $430.46M | $348.61M | $347.97M | $123.24M | $58.48M | $57.84M | $59.46M | $56.17M | $63.03M | $43.75M | $15.88M |
| Income Tax Expense | $226.95M | $174.98M | $161.65M | $133.3M | $143.53M | $144.27M | $131.99M | $134.99M | $141.99M | $115.85M | $143.54M | $128.11M | $134.93M | $51.24M | $23.76M | -$311K | $18.7M | $15.74M | $24.58M | $13.22M | $3.11M |
| Net Income | $505.81M | $388.02M | $386.31M | $294.34M | $317.28M | $326.39M | $302.38M | $311.58M | $320.64M | $267.55M | $285.03M | $218.66M | $211.53M | $69.49M | $34.72M | $58.15M | $40M | $40.47M | $38.45M | $30.52M | $12.76M |
| Net Income Margin | 39.8% | 37.2% | 38.5% | 34.5% | 36.8% | 38.4% | 38.2% | 40.4% | 41.7% | 39.0% | 38.4% | 32.3% | 29.2% | 15.3% | 24.3% | 39.8% | 27.4% | 31.8% | 32.4% | 29.9% | 20.0% |
| Supplementary Data | |||||||||||||||||||||
| EPS | 76.69 | 58.72 | 58.45 | 44.02 | 47.18 | 96.00 | 88.91 | 91.62 | 94.16 | 77.00 | 81.73 | 62.70 | 60.66 | 32.30 | 20.24 | 33.91 | 23.33 | 23.60 | 22.42 | 17.80 | 7.45 |
| Diluted EPS | 76.69 | 58.72 | 58.45 | 44.02 | 47.18 | 96.00 | 88.91 | 91.58 | 94.16 | 77.00 | 81.73 | 62.70 | 60.66 | 32.30 | 20.24 | 33.91 | 23.33 | 23.60 | 22.42 | 17.80 | 7.45 |
| Weighted Average OS | 6.49M | 1.04B | 1.04B | 526.41M | 529.49M | 535.30M | 535.46M | 535.46M | 536.13M | 536.13M | 549.06M | 549.06M | 549.06M | 338.81M | 270.00M | 270.00M | 270.00M | 270.00M | 270.00M | 270.00M | 269.80M |
| EBITDA | $864.43M | $691.1M | $672.04M | $554.31M | $578.34M | $581.88M | $544.3M | $527.57M | $528.35M | $459.82M | $498.82M | $421.05M | $436.08M | $206.49M | $73.33M | $76.83M | $87.75M | $85.1M | $83.04M | $60.42M | $28.15M |
| EBITDA Margin | 67.9% | 66.3% | 67.1% | 64.9% | 67.1% | 68.5% | 68.7% | 68.4% | 68.8% | 67.0% | 67.2% | 62.3% | 60.2% | 45.3% | 51.3% | 52.6% | 60.0% | 66.8% | 70.0% | 59.1% | 44.2% |
Balance Sheet
| Period | FY 2026 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2026-03-31 | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 | 2021-03-31 | 2020-03-31 | 2019-03-31 | 2018-03-31 | 2017-03-31 | 2016-03-31 | 2015-03-31 | 2014-03-31 | 2013-03-31 | 2012-03-31 | 2011-03-31 | 2010-03-31 | 2009-03-31 | 2008-03-31 | 2007-03-31 | 2006-03-31 |
| Assets | |||||||||||||||||||||
| Current Assets | |||||||||||||||||||||
| Cash and Cash Equivalents | $706.06M | $625.16M | $813.1M | $627.6M | $592.93M | $687.28M | $456.56M | $405.8M | $501.75M | $467.16M | $422.67M | $381.81M | $322.1M | $186.15M | $274.52M | $174.17M | $210.33M | $174.94M | $134.05M | $95.59M | $120.59M |
| Short-Term Investments | $1.05B | $996.6M | $703.8M | $713.9M | $749.47M | $741.84M | $745.65M | $718.34M | $550.67M | $468.73M | $416.65M | $272.28M | $342.36M | $581.16M | $6.45M | $9.62M | $54.16M | $38.22M | $31.84M | $28.59M | $3.49M |
| Cash and Short-Term Investments | $1.75B | $1.62B | $813.1M | $1.34B | $1.34B | $1.43B | $1.2B | $1.12B | $1.05B | $935.9M | $839.32M | $654.09M | $664.46M | $767.31M | $280.97M | $183.79M | $264.49M | $213.16M | $165.89M | $124.18M | $124.08M |
| Accounts Receivable | $157.65M | $125.69M | $124.17M | $101.77M | $97.21M | $94.86M | $105.98M | $72.42M | $75.21M | $62.08M | $64.12M | $65.42M | $57.67M | $71.06M | $12.78M | $0 | $0 | $0 | $15.4M | $15.85M | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $387K | $15.67M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | -$1.05B | $493.2B | $510.36B | $458.05B | $408.86B | $340.8B | $383.23B | $316.9B | $237.03B | $238.59B | $167.69B | $162.86B | $101.96B | $3.73B | $2.47B | $3.92B | $1.67B | $2.86B | $1.99B | $1.3B | $760.73M |
| Total Current Assets | $863.71M | $541.26B | $511.3B | $520.82B | $452.73B | $380.41B | $426.14B | $342.21B | $261.17B | $261.03B | $186.44B | $174.98B | $109.85B | $10.69B | $2.77B | $4.11B | $1.94B | $3.07B | $2.17B | $1.44B | $885.24M |
| Long-Term Assets | |||||||||||||||||||||
| Property, Plant & Equipment Net | $78.38M | $57.77M | $83.83M | $70.13M | $82.75M | $67.94M | $93.99M | $46.32M | $33.08M | $32.65M | $38.27M | $54.45M | $44.88M | $55.09M | $23.55M | $23.43M | $17.94M | $22.19M | $21.61M | $22.2M | $22.28M |
| Goodwill | $440.53M | $440.53M | $452.12M | $457.57M | $427.92M | $427.92M | $427.92M | $427.92M | $427.92M | $427.92M | $427.92M | $427.92M | $427.92M | $427.92M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $192.36M | $222.55M | $208.12M | $229.34M | $239.66M | $228.5M | $222.58M | $212.36M | $217.27M | $194.33M | $197.1M | $175.5M | $151.66M | $148.43M | $45.4M | $43.02M | $40.55M | $51.95M | $55.63M | $53.84M | $31.89M |
| Long-Term Investments | $337.73M | $366.63M | $366.5M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $4.03M | -$35.73M | $17.92M | $2.41M | $18.32M | $32.49M |
| Deferred Tax Assets | $44.1M | $40.55M | $41.53M | $11.12M | $14.63M | $21.5M | $21.09M | $23.25M | $24.69M | $23.09M | $30.11M | $45.92M | $62.03M | $58.71M | $11.25M | $14.41M | $14.77M | $11.6M | $3.74M | $2.18M | $1.7M |
| Other Long-Term Assets | $455.66B | $25K | $41.56M | $418.49M | $400.67M | $408.92M | $460.48M | $501.78M | $548.39M | $533.71M | $531.38M | $542.84M | $487.7M | $495.61M | $32.06M | $68.27M | $60.47M | $48.69M | $39.18M | $33.27M | $9.88M |
| Total Long-Term Assets | $456.76B | $1.13B | $1.15B | $1.19B | $1.17B | $1.15B | $1.23B | $1.21B | $1.25B | $1.21B | $1.22B | $1.25B | $1.17B | $1.19B | $112.26M | $153.16M | $98M | $152.35M | $122.57M | $129.81M | $98.25M |
| Other Assets | $0 | $0 | $0 | $6K | $0 | $6K | $0 | $0 | $0 | $6K | $6K | $0 | $0 | $6K | $6K | $0 | $6K | $6K | $0 | $0 | $0 |
| Total Assets | $457.62B | $542.39B | $512.45B | $522.01B | $453.89B | $381.56B | $427.36B | $343.42B | $262.42B | $262.24B | $187.66B | $176.23B | $111.02B | $11.88B | $2.88B | $4.26B | $2.03B | $3.22B | $2.29B | $1.57B | $983.49M |
| Liabilities | |||||||||||||||||||||
| Current Liabilities | |||||||||||||||||||||
| Accounts Payable | $55.05M | $36.92M | $26.89M | $56.42M | $30.57M | $26.24M | $42.19M | $28.08M | $35.51M | $20.26M | $28.03M | $29.93M | $34.49M | $28.91M | $5.49M | $2.03M | $2.06M | $2.81M | $4.63M | $2.55M | $25K |
| Short-Term Debt | $335.5M | $206.42M | $206.42M | $209.6M | $206.42M | $206.42M | $206.42M | $206.42M | $206.42M | $142.91M | $142.91M | $206.42M | $206.42M | $667.34M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Income Tax Payable | $0 | $98.15M | $0 | $63.28M | $24.14M | $95.51M | $65.35M | $61.46M | $90.53M | $58.5M | $68.05M | $49.87M | $111.78M | $40.09M | $22.19M | $0 | $11.38M | $10.91M | $20.46M | $7.55M | $464K |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $10.94M | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | -$203.7M | $539.62B | $509.74B | $519.43B | $451.38B | $378.95B | $424.9B | $341.05B | $260.08B | $260.05B | $185.58B | $174.31B | $109.17B | $9.89B | $2.48B | $3.89B | $1.69B | $2.89B | $1.99B | $1.31B | $758.78M |
| Total Current Liabilities | $335.5M | $539.96B | $510.08B | $519.76B | $451.64B | $379.28B | $425.21B | $341.35B | $260.41B | $260.28B | $185.82B | $174.59B | $109.53B | $10.62B | $2.51B | $3.9B | $1.7B | $2.9B | $2.02B | $1.32B | $759.27M |
| Long-Term Liabilities | |||||||||||||||||||||
| Long-Term Debt | $0 | $126.95M | $126.9M | $126.86M | $126.82M | $126.77M | $126.73M | $126.69M | $126.65M | $190.12M | $63.51M | $0 | $63.51M | $0 | $0 | $6K | $6K | $6K | $13K | $13K | $25K |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $14.94M | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $767K | $70K | $0 | $438K | $641K | $2.65M | $16.93M | $19.4M | $28.75M | $31.12M | $35.89M | $43.67M | $31.51M | $32.98M | $0 | $0 | $0 | $140K | $0 | $0 | $0 |
| Other Long-Term Liabilities | $455B | $71.74M | $90.82M | $78.01M | $72.08M | $72.13M | $70.07M | $69.11M | $69.99M | $70.2M | $71.63M | $60.52M | $48.92M | $49.62M | $19.22M | $20.85M | $24.93M | $13.52M | $17.46M | $19.04M | $25.25M |
| Total Long-Term Liabilities | $455B | $198.75M | $217.72M | $205.31M | $199.54M | $201.56M | $213.72M | $215.2M | $225.38M | $291.44M | $171.03M | $104.19M | $143.95M | $82.61M | $19.28M | $20.95M | $24.94M | $28.61M | $17.47M | $19.05M | $25.27M |
| Other Liabilities | $0 | $0 | -$19K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $455.33B | $540.16B | $510.3B | $519.96B | $451.84B | $379.48B | $425.42B | $341.57B | $260.64B | $260.57B | $185.99B | $174.7B | $109.67B | $10.71B | $2.53B | $3.92B | $1.73B | $2.93B | $2.04B | $1.34B | $784.54M |
| 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 |
| Common Stock | $73.5M | $73.04M | $73.04M | $73.04M | $73.04M | $73.04M | $73.04M | $73.04M | $73.04M | $73.04M | $73.04M | $73.04M | $73.04M | $73.04M | $30M | $30M | $30M | $30M | $30M | $30M | $30M |
| Retained Earnings | $1.9B | $1.87B | $1.79B | $1.75B | $1.69B | $1.72B | $1.54B | $1.44B | $1.35B | $1.2B | $1.1B | $949.93M | $804.44M | $641.35M | $291.75M | $275.03M | $246.86M | $220.58M | $195.53M | $169.94M | $0 |
| Comprehensive Income & Other | $3.99M | $3.4M | $3.32M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Stockholders' Equity | $226.66M | $223.35M | $225.62M | $163.3M | $237.4M | $246.97M | $278M | $293.38M | $314.9M | $367.24M | $463.89M | $473.49M | $437.9M | $441.16M | $30.66M | $30.69M | $30.73M | $30.61M | $31.1M | $33.1M | $168.95M |
| Total Equity | $2.21B | $2.16B | $2.09B | $1.99B | $2B | $2.04B | $1.89B | $1.81B | $1.74B | $1.64B | $1.63B | $1.5B | $1.32B | $1.16B | $352.41M | $335.72M | $307.59M | $281.19M | $256.63M | $233.04M | $198.95M |
| Minority Interest | $80.49M | $65.57M | $64.82M | $57.64M | $52.07M | $46.86M | $45.39M | $40.91M | $37.89M | $36.93M | $36.31M | $37.82M | $36.04M | $16.18M | $0 | $0 | $0 | $13.49M | $0 | $0 | $0 |
| Total Liabilities and Equity | $457.54B | $542.32B | $512.38B | $521.95B | $453.84B | $381.52B | $427.32B | $343.38B | $262.38B | $262.21B | $187.63B | $176.19B | $110.99B | $11.86B | $2.88B | $4.26B | $2.03B | $3.21B | $2.29B | $1.57B | $983.49M |
| Supplementary Data | |||||||||||||||||||||
| Total Debt | $335.5M | $333.37M | $333.32M | $336.45M | $333.24M | $333.19M | $333.15M | $333.11M | $333.07M | $333.02M | $206.42M | $206.42M | $269.93M | $667.34M | $89K | $133K | $6K | $6K | $13K | $13K | $25K |
| Net Debt | -$370.56M | -$291.79M | -$479.78M | -$291.14M | -$259.69M | -$354.08M | -$123.41M | -$72.69M | -$168.69M | -$134.14M | -$216.25M | -$175.39M | -$52.16M | $481.19M | -$274.43M | -$174.04M | -$210.32M | -$174.93M | -$134.03M | -$95.58M | -$120.57M |
Cash Flow Statement
| Period | FY 2026 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2026-03-31 | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 | 2021-03-31 | 2020-03-31 | 2019-03-31 | 2018-03-31 | 2017-03-31 | 2016-03-31 | 2015-03-31 | 2014-03-31 | 2013-03-31 | 2012-03-31 | 2011-03-31 | 2010-03-31 | 2009-03-31 | 2008-03-31 | 2007-03-31 | 2006-03-31 |
| Operating Activities | |||||||||||||||||||||
| Net Income | $505.81M | $573.39M | $386.31M | $294.34M | $317.29M | $326.39M | $302.38M | $311.58M | $463.59M | $384.92M | $430.46M | $348.61M | $347.97M | $123.24M | $58.48M | $57.84M | $59.46M | $56.17M | $63.03M | $43.75M | $15.88M |
| Depreciation & Amortization | $115.27M | $116.62M | $116.22M | $120.49M | $111.31M | $106.6M | $104.79M | $77.46M | $64.24M | $74.84M | $68.13M | $72.18M | $87.6M | $82.55M | $14.73M | $18.92M | $28.22M | $28.85M | $19.96M | $16.66M | $12.27M |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | |||||||||||||||||||||
| Accounts Receivable | -$31.16M | -$1.52M | -$22.4M | -$4.15M | -$2.34M | $11.11M | -$33.32M | $2.79M | -$13.13M | $1.94M | $1.29M | -$7.74M | $14.13M | -$17.5M | $6.62M | $0 | $349K | $1.04M | $25K | -$2.99M | -$445K |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $15.28M | -$7.32M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $13.89M | $0 | -$13.88M | $1.09M | $1.87M | -$1.83M | $2.67M | -$3.99M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | $31.32M | $6.57M | $33.58M | -$6.48M | -$12.65M | $10.16M | -$1.16M | -$4.13M | $2.48M | -$13.14M | $14.74M | -$10.8M | -$30.96M | $2.25M | -$1M | $0 | -$5.37M | $21.02M | $483K | $705K | $0 |
| Total Working Capital Change | $14.05M | $5.04M | -$2.69M | -$9.55M | -$13.12M | $19.44M | -$31.81M | -$5.34M | -$10.64M | -$11.2M | $16.02M | -$18.54M | -$1.56M | -$22.57M | $5.62M | -$29.35M | -$5.02M | $22.05M | $508K | -$2.29M | -$445K |
| Other Non-Cash Items | $53.52M | -$147.96M | $5.53M | $19.48M | -$45.88M | $3.28M | -$14.09M | -$48.49M | -$97.88M | -$147.12M | -$126.74M | -$165.05M | -$35.64M | -$31.24M | $10.95M | -$23.97M | -$28.57M | -$34.23M | -$15.94M | -$23.56M | -$16.67M |
| Net Cash from Operating | $688.67M | $547.08M | $505.36M | $424.77M | $369.59M | $455.71M | $361.27M | $335.21M | $419.31M | $301.45M | $387.87M | $237.2M | $398.37M | $151.98M | $89.78M | $23.44M | $54.09M | $72.84M | $67.55M | $34.56M | $11.04M |
| Investing Activities | |||||||||||||||||||||
| Capital Expenditures | -$54.15M | -$10.9M | -$41.61M | -$71.78M | -$94.83M | -$98.05M | -$86.24M | -$86.92M | -$9.87M | -$7.06M | -$10.31M | -$23.01M | -$11.48M | -$6.31M | -$3.28M | -$39.29M | -$1.59M | -$4.99M | -$4.25M | -$6.17M | -$12.03M |
| Acquisitions | $0 | $0 | $0 | -$12.09M | $6K | $0 | -$20.1M | $6K | $0 | $0 | $0 | $0 | $22.81M | -$518.41M | $0 | -$25.65M | -$10.63M | -$22.08M | $0 | $0 | $0 |
| Purchases of Investments | -$1.85B | -$1.11B | -$703.8M | -$720.25M | -$736.76M | -$738.67M | -$745.65M | -$935.56M | -$684.05M | -$528.61M | -$454.76M | -$413.48M | -$417.29M | -$857K | -$3.17M | -$9.55M | -$16.04M | -$26.03M | -$25.65M | -$22.17M | -$25.47M |
| Sales of Investments | $1.8B | $812.41M | $713.9M | $755.82M | $746.57M | $826.44M | $791.92M | $831.02M | $595.76M | $475.72M | $299.15M | $483.34M | $661.18M | $25.48M | $14.07M | $57.16M | $38.11M | $53.99M | $31.76M | $22.23M | $7.2M |
| Other Investing Activities | $2.1M | -$85.15M | -$14M | -$5.82M | $546K | $673K | $152K | $489K | -$68.02M | -$62.83M | -$47.43M | -$82.19M | -$64.46M | -$196.39M | -$9.41M | -$82.62M | -$33.69M | -$77.32M | -$15.55M | -$14.63M | -$24.66M |
| Net Cash from Investing | -$97.43M | -$388.85M | -$45.51M | -$54.13M | -$84.47M | -$9.61M | -$59.92M | -$190.96M | -$166.18M | -$122.77M | -$213.35M | -$35.33M | $190.76M | -$696.49M | -$1.78M | -$48.6M | -$23.84M | -$76.43M | -$13.69M | -$20.74M | -$54.96M |
| Financing Activities | |||||||||||||||||||||
| Debt Repaid | - | $23.98M | - | - | - | - | - | - | - | -$126.6M | - | $63.51M | $397.4M | -$548.76M | - | - | - | - | - | - | $6K |
| Common Stock Issuance | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $807K |
| Common Stock Repurchases | -$131.15M | -$4.62M | -$21.39M | -$76.25M | -$129.18M | -$2.32M | -$2.22M | -$1.68M | -$47.34M | -$85.75M | -$19K | $0 | -$32K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | -$308.5M | -$225.87M | -$241.72M | -$230.36M | -$190.76M | -$228.24M | -$238.46M | -$171.09M | -$174.12M | -$129.03M | -$78.46M | -$55.8M | -$12.27M | -$18M | -$17.14M | -$13.71M | -$15.43M | -$12.85M | -$8.85M | -$2.65M |
| Other Financing Activities | -$24.75M | -$9.04M | -$27.1M | -$18.01M | -$19.94M | -$22.43M | -$19.85M | -$6K | -$6K | -$864K | -$4.52M | -$70K | -$19K | $10.68M | $0 | -$6K | -$6K | $0 | -$6K | -$6K | $0 |
| Net Cash from Financing | -$514.38M | -$346.14M | -$274.35M | -$335.98M | -$379.48M | -$215.52M | -$250.32M | -$240.14M | -$218.44M | -$134.14M | -$133.57M | -$142.04M | -$453.25M | $554.15M | -$18M | -$17.15M | -$13.72M | -$15.43M | -$12.86M | -$8.85M | -$1.85M |
| Forex Effect | -$36.64M | -$32K | $13K | $0 | $0 | $121K | -$273K | -$64K | -$89K | -$38K | -$83K | -$108K | $51K | $70K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $40.21M | -$187.94M | $185.51M | $34.67M | -$94.35M | $230.72M | $50.76M | -$95.96M | $34.59M | $44.5M | $40.86M | $59.71M | $135.95M | $9.71M | $69.99M | -$28.1M | $16.53M | -$19.01M | $41M | $4.97M | -$45.77M |
| Supplementary Data | |||||||||||||||||||||
| Operating Cash Flow | $688.67M | $547.08M | $505.36M | $424.77M | $369.59M | $455.71M | $361.27M | $335.21M | $419.31M | $301.45M | $387.87M | $237.2M | $398.37M | $151.98M | $89.78M | $23.44M | $54.09M | $72.84M | $67.55M | $34.56M | $11.04M |
| Capital Expenditure | -$6.22M | -$96.24M | -$41.61M | -$71.78M | -$94.83M | -$98.05M | -$86.24M | -$86.92M | -$76.79M | -$70.38M | -$86.11M | -$107.05M | -$73.89M | -$41.77M | -$14.1M | -$39.29M | -$20.03M | -$22.57M | -$19.09M | -$21.02M | -$36.86M |
| Free Cash Flow | $682.45M | $450.84M | $463.75M | $352.99M | $274.77M | $357.66M | $275.03M | $248.3M | $342.51M | $231.07M | $301.76M | $130.15M | $324.49M | $110.2M | $75.68M | -$15.85M | $34.06M | $50.28M | $48.46M | $13.55M | -$25.82M |
| Cash at Beginning | $665.85M | $813.1M | $627.6M | $592.93M | $687.28M | $456.56M | $405.8M | $501.75M | $467.16M | $422.67M | $381.81M | $322.1M | $186.15M | $176.44M | $53.69M | $81.79M | $79.48M | $98.48M | $57.48M | $52.51M | $166.61M |
| Cash at End | $706.06M | $625.16M | $813.1M | $627.6M | $592.93M | $687.28M | $456.56M | $405.8M | $501.75M | $467.16M | $422.67M | $381.81M | $322.1M | $186.15M | $123.67M | $53.69M | $96M | $79.48M | $98.48M | $57.48M | $120.84M |