SES S.A. (SGBAF)
SES S.A. provides satellite-based data transmission capacity and ancillary services worldwide. The company offers content connectivity solutions, including network spanning satellite and ground infrastructure to create, deliver, and manage video and data solutions. It also provides data connectivity services through its fleet of geostationary earth orbit and medium earth orbit satellites, and ground infrastructures to the aviation, media and broadcast, cloud, cruise, energy, government, maritime, and telco and mobile network operator industries. In addition, the company provides linear video aggregation and distribution to direct-to-home, direct-to-cable, and internet protocol TV homes; channel management solutions comprising playout; and capacity, live feeds and redundancy features for sports and events organizations. It serves broadcasters, platform operators, and content owners. The company was formerly known as SES Global SA and changed its name to SES S.A. in December 2006. SES S.A. was founded in 1985 and is headquartered in Betzdorf, Luxembourg.
Sector: Communications Services, NEC
Industry: Telecommunications Services
Ses S.a.
OTC:SGBAFCommunication Services · Broadcasting
Mkt Cap-
Float300.38M
O/S-
Inst Own-
SI0.1%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$2.94B
Net Income-$106.25M
Total Assets$14.95B
Free Cash Flow$256.11M
Debt & Equity
Debt 73%
Equity 27%
Total Debt$7.76B
Total Equity$2.93B
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in SGBAF's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$14.95B
Liabilities$11.92B
Accounts Receivable$933.85M
Accounts Payable$1.15B
Inventory$219.2M
PP&E (Net)$8B
Goodwill$2.02B
Intangible Assets$1.12B
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 | $2.94B | $2.24B | $2.27B | $2.17B | $1.96B | $2.05B | $2.17B | $2.16B | $2.28B | $2.31B | $2.25B | $2.15B | $2.08B | $2.05B | $1.94B | $1.94B | $1.9B | $1.82B | $1.8B | $1.81B | $1.41B | $1.21B | $1.35B | $1.51B |
| YoY Growth | 31.4% | -1.4% | 4.4% | 11.1% | -4.7% | -5.4% | 0.4% | -5.0% | -1.6% | 2.7% | 5.0% | 3.0% | 1.9% | 5.5% | -0.1% | 2.0% | 4.4% | 1.2% | -0.3% | 28.4% | 16.7% | -10.7% | -10.5% | - |
| Cost of Revenue | $844.69M | $515.77M | $722.74M | $392.7M | $356.9M | $325.57M | $301.07M | $319.75M | $306.44M | $258.44M | $205.41M | $194.11M | $200.94M | $193.89M | $151.26M | $144.88M | $186.06M | $199.37M | $184.49M | $178.11M | $123.07M | $90.62M | $191.54M | $198.03M |
| Gross Profit | $2.09B | $1.72B | $1.55B | $1.78B | $1.6B | $1.73B | $1.87B | $1.84B | $1.97B | $2.06B | $2.05B | $1.95B | $1.88B | $1.85B | $1.79B | $1.8B | $1.72B | $1.62B | $1.62B | $1.63B | $1.28B | $1.12B | $1.16B | $1.31B |
| Gross Margin | 71.2% | 77.0% | 68.2% | 81.9% | 81.8% | 84.2% | 86.1% | 85.2% | 86.5% | 88.8% | 90.9% | 91.0% | 90.4% | 90.5% | 92.2% | 92.5% | 90.2% | 89.1% | 89.8% | 90.1% | 91.3% | 92.5% | 85.8% | 86.9% |
| Research and Development | $0 | $0 | $0 | $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 | $270.75M | $229.35M | $221.52M | $205.86M | $200.82M | $182.7M | $176.43M | $167.04M | $152.38M | $43.97M | $66.9M | $79.55M | $194.11M | $201.16M | $214.25M | $206.75M | $210.22M | $203.29M | $134.03M | $0 | $0 | $0 |
| Other | $2.02B | $1.65B | $2.05B | $1.4B | $855.88M | $1.43B | $1.3B | $85.92M | $89.84M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$7.83M | $0 | $0 |
| Total Operating Expenses | $2.02B | $1.65B | $2.32B | $1.63B | $1.08B | $1.64B | $1.5B | $1.49B | $1.29B | $1.14B | $1.05B | $965.52M | $930.51M | $966.87M | $883.52M | $904.89M | $933.64M | $926.14M | $931.62M | $951.76M | $752.06M | $675.53M | $1.58B | $1.9B |
| Operating Income (EBIT) | $62.63M | $71.6M | -$767.5M | $156.63M | $523.6M | $91.74M | $408.81M | $437.56M | $683.14M | $1.47B | $1B | $987.45M | $952.32M | $884.41M | $904.21M | $892.13M | $783.61M | $699.36M | $685.94M | $677.21M | $532.33M | $439.69M | -$415.86M | -$591.96M |
| Operating Margin | 2.1% | 3.2% | -33.8% | 7.2% | 26.7% | 4.5% | 18.8% | 20.2% | 30.0% | 63.6% | 44.4% | 46.0% | 45.7% | 43.2% | 46.6% | 45.9% | 41.2% | 38.3% | 38.1% | 37.5% | 37.8% | 36.5% | -30.8% | -39.2% |
| Interest Expense | $192.36M | $160.99M | $96.22M | $114.12M | $106.29M | $137.61M | $161.33M | $143.21M | $124.19M | $159.21M | $174.09M | $212.46M | $195.34M | $187.29M | $194M | $225.44M | $210.33M | $217.27M | $203.29M | $193.33M | $169.05M | $38.82M | $114.45M | $69.14M |
| Interest Income | $0 | $152.88M | $34.68M | $6.71M | $135.37M | $0 | $4.25M | $12.98M | $1.23M | $9.51M | $16.11M | $14.77M | $5.93M | $2.24M | $16.67M | $6.27M | $59.63M | $51.02M | $57.84M | $102.93M | $81.9M | $17.23M | $115.68M | $148.35M |
| Other Income (Expense) | -$191.24M | $20.14M | -$46.99M | -$98.45M | -$79.43M | -$205.86M | -$185.72M | -$163.68M | -$160.32M | -$195.01M | -$151.82M | -$173.41M | -$194.11M | -$205.41M | -$177.33M | -$219.17M | -$143.77M | -$166.25M | -$145.44M | -$90.4M | -$5.26M | $4.81M | $828.47M | $1.09B |
| Income Before Tax (EBT) | -$128.61M | $91.74M | -$814.49M | $58.18M | $444.16M | -$114.12M | $223.2M | $273.88M | $522.82M | $1.28B | $849.06M | $814.04M | $758.21M | $694.66M | $726.88M | $672.96M | $632.91M | $533.11M | $540.49M | $586.81M | $527.07M | $444.5M | $412.61M | $495.63M |
| Income Tax Expense | -$23.49M | $61.53M | $196.91M | $97.34M | -$54.82M | -$7.83M | -$85.59M | -$46.88M | -$146.12M | $127.66M | $94.99M | $95.32M | $97.89M | -$47.21M | $17.9M | $82.68M | $101.59M | $97.78M | $87.6M | $111.21M | $111.1M | $65.56M | $146.79M | $210.67M |
| Net Income | -$106.25M | $16.78M | -$1.01B | -$38.04M | $506.82M | -$96.22M | $331.16M | $327.14M | $666.92M | $1.08B | $609.63M | $672.18M | $633.8M | $725.88M | $691.08M | $545.19M | $533.11M | $433.54M | $452M | $487.57M | $427.27M | $381.06M | $229.8M | $228.79M |
| Net Income Margin | -3.6% | 0.7% | -44.6% | -1.7% | 25.9% | -4.7% | 15.3% | 15.1% | 29.3% | 46.5% | 27.0% | 31.3% | 30.4% | 35.5% | 35.6% | 28.1% | 28.0% | 23.8% | 25.1% | 27.0% | 30.4% | 31.6% | 17.0% | 15.2% |
| Supplementary Data | ||||||||||||||||||||||||
| EPS | -0.26 | 0.03 | -2.23 | -0.16 | 0.93 | -0.30 | 0.52 | 0.51 | 1.32 | 2.18 | 1.34 | 1.49 | 1.41 | 1.62 | 1.56 | 1.74 | 1.71 | 1.37 | 0.70 | 0.82 | 0.67 | 0.58 | 0.22 | 0.63 |
| Diluted EPS | -0.26 | 0.03 | -2.14 | -0.16 | 0.92 | -0.30 | 0.54 | 0.51 | 1.21 | 2.18 | 1.33 | 1.48 | 1.41 | 1.62 | 1.56 | 1.74 | 1.71 | 1.37 | 0.62 | 0.82 | 0.67 | 0.58 | 0.22 | 0.41 |
| Weighted Average OS | 365.38M | 486.67M | 422.28M | 438.42M | 445.38M | 455.08M | 454.68M | 570.70M | 453.18M | 434.48M | 407.04M | 404.32M | 402.62M | 401.22M | 396.70M | 499.48M | 491.00M | 498.50M | 580.41M | 662.31M | 687.31M | 737.45M | 918.75M | 324.30M |
| EBITDA | $1.15B | $1.11B | $55.94M | $961.05M | $1.19B | $1.6B | $1.23B | $1.2B | $1.45B | $1.6B | $1.67B | $1.6B | $1.53B | $1.5B | $1.44B | $1.46B | $1.39B | $1.28B | $1.28B | $1.31B | $1.07B | $973.58M | $1.17B | $1.21B |
| EBITDA Margin | 39.2% | 49.6% | 2.5% | 44.2% | 60.7% | 77.8% | 56.4% | 55.3% | 63.5% | 69.3% | 74.2% | 74.4% | 73.3% | 73.5% | 74.4% | 75.0% | 73.0% | 70.3% | 70.9% | 72.6% | 75.9% | 80.7% | 86.3% | 80.2% |
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 | $1.2B | $3.6B | $3.25B | $1.17B | $1.17B | $1.3B | $1.29B | $1.02B | $301.63M | $657.29M | $715.7M | $586.81M | $608.85M | $268.51M | $243.9M | $359.13M | $320.65M | $487.24M | $220.52M | $440.14M | $220.18M | $427.27M | $346.49M | $320.98M |
| Short-Term 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 |
| Cash and Short-Term Investments | $1.2B | $3.6B | $3.25B | $1.17B | $1.17B | $1.3B | $1.29B | $1.02B | $301.63M | $657.29M | $715.7M | $586.81M | $608.85M | $268.51M | $243.9M | $359.13M | $320.65M | $487.24M | $220.52M | $440.14M | $220.18M | $427.27M | $346.49M | $320.98M |
| Accounts Receivable | $933.85M | $726.1M | $454.23M | $544.86M | $424.03M | $475.49M | $604.15M | $605.72M | $623.62M | $664.68M | $800.73M | $702.49M | $574.95M | $337.43M | $50.68M | $142.87M | $0 | $0 | $324M | $322.77M | $214.59M | $217.83M | $175.76M | $618.14M |
| Inventory | $219.2M | $54.82M | $61.53M | $38.04M | $25.73M | $30.21M | $34.12M | $39.27M | $33.68M | $33.79M | $9.51M | $5.93M | $7.16M | $4.92M | $10.4M | $10.29M | $22.94M | $19.69M | $17.45M | $26.07M | $5.15M | $2.8M | $3.8M | $4.48M |
| Other Current Assets | $10.07M | $363.61M | $531.43M | $643.31M | $1.53B | $93.98M | $84.02M | $114.45M | $190.98M | $143.54M | $76.75M | $121.84M | $91.97M | $466.54M | $428.28M | $312.7M | $418.65M | $374.57M | $23.05M | $30.66M | $60.42M | $248.71M | $91.18M | $8.28M |
| Total Current Assets | $2.5B | $4.81B | $4.35B | $2.45B | $3.2B | $1.98B | $2.08B | $1.85B | $1.2B | $1.87B | $1.65B | $1.46B | $1.32B | $779.02M | $766.27M | $864.16M | $800.5M | $910.48M | $613.21M | $866.96M | $561.3M | $951.32M | $693.77M | $1.05B |
| Long-Term Assets | ||||||||||||||||||||||||
| Property, Plant & Equipment Net | $8B | $4.78B | $5.14B | $6.14B | $6.22B | $6.51B | $6.84B | $6.73B | $6.79B | $7.32B | $6B | $5.62B | $5.42B | $5.7B | $5.6B | $4.93B | $4.28B | $4.25B | $3.9B | $4.21B | $3.93B | $3.55B | $3.58B | $4B |
| Goodwill | $2.02B | $159.99M | $156.63M | $1.94B | $1.7B | $2.27B | $2.53B | $2.01B | $2.51B | $2.84B | $2.43B | $2.19B | $1.92B | $2.02B | $2.05B | $0 | $0 | $0 | $0 | $0 | $0 | $1.83B | $2.2B | $2.76B |
| Intangible Assets | $1.12B | $855.88M | $872.66M | $2.86B | $2.54B | $2.42B | $2.71B | $3.27B | $2.67B | $3.03B | $1.58B | $1.51B | $1.16B | $1.19B | $1.21B | $3.21B | $3.09B | $3.22B | $3.1B | $3.78B | $3.38B | $1.17B | $891.46M | $1.05B |
| Long-Term Investments | $363.47M | $0 | $120.83M | $146.56M | $164.46M | $315.5M | $332.62M | $336.76M | $2.69M | $127.88M | $81.22M | $105.17M | $149.36M | $265.94M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$3.56B | $128.89M | $131.57M |
| Deferred Tax Assets | $720.24M | $784.28M | $0 | $558.28M | $635.48M | $350.18M | $291.45M | $181.58M | $78.76M | $78.88M | $66.23M | $136.72M | $107.07M | $99.8M | $67.69M | $35.8M | $37.93M | $21.15M | $23.05M | $42.07M | $5.71M | $8.5M | $5.03M | $4.81M |
| Other Long-Term Assets | $234.86M | $161.11M | $754.07M | $7.83M | $148.8M | $10.07M | $19.8M | $11.52M | $375.47M | $0 | $129.78M | $108.3M | $86.93M | $16.33M | $225.66M | $171.51M | $79.77M | $18.68M | $19.24M | $121.17M | $136.94M | $3.78B | $82.12M | $110.09M |
| Total Long-Term Assets | $12.46B | $6.74B | $7.04B | $11.65B | $11.41B | $11.88B | $12.72B | $12.54B | $12.43B | $13.4B | $10.29B | $9.67B | $8.84B | $9.29B | $9.16B | $8.34B | $7.49B | $7.51B | $7.05B | $8.16B | $7.45B | $6.78B | $6.89B | $8.06B |
| 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 | $14.95B | $11.55B | $11.39B | $14.1B | $14.64B | $13.86B | $14.81B | $14.39B | $13.63B | $15.27B | $11.93B | $11.13B | $10.17B | $10.07B | $9.92B | $9.21B | $8.29B | $8.42B | $7.66B | $9.02B | $8.01B | $7.74B | $7.58B | $9.11B |
| Liabilities | ||||||||||||||||||||||||
| Current Liabilities | ||||||||||||||||||||||||
| Accounts Payable | $1.15B | $64.89M | $67.13M | $90.62M | $101.81M | $105.17M | $90.62M | $127.21M | $156.3M | $150.7M | $94.99M | $100.47M | $81M | $96.33M | $141.3M | $390.35M | $386.66M | $515.21M | $318.75M | $346.94M | $232.6M | $249.27M | $133.25M | $178.34M |
| Short-Term Debt | $892.8M | $305.43M | $801.06M | $804.42M | $63.77M | $685.82M | $773.09M | $533.11M | $598.22M | $228.57M | $283.95M | $289.21M | $899.18M | $1.3B | $690.08M | $1.22B | $410.49M | $487.01M | $726.1M | $390.8M | $177.67M | $0 | $0 | $704.17M |
| Current Income Tax Payable | $0 | $33.56M | $145.44M | $43.63M | $194.67M | $46.99M | $99.46M | $104.61M | $137.28M | $81.56M | $44.19M | $49.45M | $72.72M | $178.56M | $225.21M | $181.69M | $229.24M | $221.86M | $176.77M | $161.22M | $131.12M | $260.34M | $174.42M | $59.07M |
| Current Unearned Revenue | $338.87M | $0 | $278.58M | $239.42M | $829.03M | $831.27M | $907.23M | $902.65M | $862.82M | $603.15M | $504.24M | $0 | $794.01M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $141.75M | $0 | $0 | $59.07M |
| Other Current Liabilities | $383.24M | $1.21B | $836.86M | $478.85M | $1.64B | $74.96M | -$112.89M | $780.47M | $802.29M | $779.02M | $350.97M | $628.32M | $639.06M | $483.32M | $515.54M | $467.99M | $382.63M | $300.62M | $262.47M | $283.95M | $193.66M | $179.01M | $364.95M | $452.11M |
| Total Current Liabilities | $2.88B | $1.7B | $2.26B | $1.84B | $2.83B | $1.71B | $1.93B | $1.72B | $1.76B | $1.44B | $1.4B | $1.19B | $1.77B | $2.22B | $1.89B | $2.26B | $1.41B | $1.52B | $1.52B | $1.18B | $735.05M | $656.06M | $672.62M | $1.39B |
| Long-Term Liabilities | ||||||||||||||||||||||||
| Long-Term Debt | $6.16B | $4.75B | $3.85B | $4.06B | $3.94B | $3.71B | $4.18B | $4.37B | $3.82B | $4.72B | $4.67B | $4.73B | $3.96B | $3.43B | $4.01B | $3.35B | $3.9B | $3.89B | $3.09B | $3.3B | $2.4B | $2.33B | $432.86M | $2.59B |
| Long-Term Unearned Revenue | $583.79M | $403.89M | $429.62M | $479.97M | $487.8M | $420.67M | $486.34M | $522.48M | $585.8M | $486.45M | $486.45M | $374.91M | $254.86M | $392.25M | $303.98M | $349.18M | $348.28M | $385.31M | -$1.43B | $198.59M | -$2.4B | $0 | $1.83B | $8.17M |
| Long-Term Deferred Tax Liabilities | $508.86M | $237.19M | $229.35M | $485.56M | $446.4M | $372.56M | $402.21M | $461.5M | $490.59M | $743.11M | $733.82M | $756.87M | $721.96M | $751.27M | $776.45M | $825.23M | $846.04M | $844.92M | $872.33M | $901.75M | $824.78M | $829.48M | $710.55M | $793.23M |
| Other Long-Term Liabilities | $1.17B | $515.77M | $393.82M | $877.14M | $573.94M | $1.53B | $768.62M | $1.27B | $1.22B | $1.33B | $1.32B | $1.32B | $1.19B | $47.55M | $21.82M | $40.5M | $4.81M | $31.1M | $375.02M | $36.81M | $156.86M | $149.14M | $36.47M | $16.67M |
| Total Long-Term Liabilities | $9.04B | $5.94B | $4.93B | $5.94B | $5.48B | $6.06B | $5.87B | $5.67B | $5.03B | $6.06B | $5.99B | $6.05B | $5.15B | $4.62B | $5.11B | $4.57B | $5.09B | $5.15B | $4.34B | $4.43B | $3.38B | $3.3B | $3.01B | $3.41B |
| 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 | $11.92B | $7.65B | $7.19B | $7.77B | $8.22B | $7.77B | $7.81B | $7.39B | $6.79B | $7.5B | $7.39B | $7.23B | $6.93B | $6.84B | $7B | $6.82B | $6.5B | $6.67B | $5.86B | $5.62B | $4.12B | $3.96B | $3.68B | $4.81B |
| 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 | $778.68M | $778.68M | $778.68M | $778.68M | $804.42M | $804.42M | $804.42M | $804.42M | $804.42M | $804.42M | $720.84M | $708.2M | $708.2M | $708.2M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.03B | $1.03B | $1.03B |
| Retained Earnings | -$106.29M | $16.78M | -$818.96M | $201.38M | $789.87M | -$96.22M | $666.92M | $311.7M | $666.92M | $1.08B | $611.31M | $1.09B | $1.09B | $1.21B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $384.42M | $231.14M | $229.13M |
| Comprehensive Income & Other | $0 | $877.92M | $2.54B | $3.62B | $3.13B | $0 | $3.71B | $2.63B | $2.12B | $2.64B | $2.26B | $1.38B | $725.32M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Stockholders' Equity | $2.26B | $3.03B | $3.48B | $5.28B | $4.75B | $5.3B | $5.44B | $5.76B | $5.23B | $5.73B | $3.07B | $2.01B | $1.36B | $1.23B | $2.84B | $2.34B | $1.78B | $1.74B | $1.77B | $3.37B | $3.82B | $2.32B | $2.1B | $2.44B |
| Total Equity | $2.93B | $3.83B | $3.44B | $6.26B | $6.34B | $6B | $6.91B | $6.88B | $6.7B | $7.62B | $4.4B | $3.81B | $3.16B | $3.14B | $2.84B | $2.34B | $1.78B | $1.74B | $1.77B | $3.37B | $3.82B | $3.74B | $3.36B | $3.7B |
| Minority Interest | $101.77M | $77.2M | $63.77M | $69.37M | $70.48M | $80.55M | $92.97M | $114.34M | $139.4M | $155.07M | $143.54M | $94.99M | $87.49M | $88.83M | $92.97M | $39.72M | $8.84M | $9.17M | $37.59M | $36.81M | $38.6M | $40.16M | $269.18M | $302.64M |
| Total Liabilities and Equity | $14.85B | $11.48B | $10.63B | $14.04B | $14.56B | $13.78B | $14.71B | $14.27B | $13.49B | $15.11B | $11.79B | $11.04B | $10.08B | $9.98B | $9.83B | $9.17B | $8.28B | $8.41B | $7.63B | $8.99B | $7.94B | $7.7B | $7.04B | $8.5B |
| Supplementary Data | ||||||||||||||||||||||||
| Total Debt | $7.76B | $5.11B | $4.7B | $4.91B | $4.04B | $4.44B | $5B | $4.95B | $4.42B | $4.95B | $4.96B | $5.02B | $4.86B | $4.73B | $4.7B | $4.57B | $4.31B | $4.38B | $3.82B | $3.69B | $177.67M | $2.33B | $432.86M | $3.3B |
| Net Debt | $6.56B | $1.51B | $1.44B | $3.74B | $2.87B | $3.14B | $3.71B | $3.93B | $4.12B | $4.3B | $4.24B | $4.43B | $4.25B | $4.46B | $4.45B | $4.21B | $3.99B | $3.89B | $3.6B | $3.25B | -$42.51M | $1.9B | $86.37M | $2.98B |
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 | -$106.25M | $91.74M | -$814.49M | $58.18M | $444.16M | -$114.12M | $223.2M | $273.88M | $522.82M | $1.28B | $849.06M | $814.04M | $758.21M | $694.66M | $711.67M | $603.48M | $632.91M | $533.11M | $540.49M | $586.81M | $527.07M | $440.58M | $0 | $0 |
| Depreciation & Amortization | $1.09B | $901.75M | $774.21M | $788.75M | $718.06M | $1.12B | $840.76M | $779.82M | $798.38M | $706.19M | $670.83M | $610.19M | $574.5M | $622.16M | $482.54M | $530.53M | $514.65M | $495.29M | $502.9M | $458.71M | $416.19M | $440.58M | $539.71M | $561.3M |
| Deferred Income Tax | $0 | $0 | -$14.54M | -$13.43M | -$8.95M | -$11.19M | -$13.43M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $0 | $0 | $0 | $13.43M | $8.95M | $11.19M | $13.43M | $16.45M | $11.75M | $10.4M | $11.86M | $14.1M | $12.53M | $13.43M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | ||||||||||||||||||||||||
| Accounts Receivable | $0 | $42.51M | $14.54M | $493.39M | -$550.45M | $19.02M | -$71.83M | -$43.63M | -$140.41M | -$200.38M | -$133.14M | $23.72M | -$236.74M | -$71.27M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | -$29.09M | -$6.71M | $4.48M | -$6.71M | $6.38M | -$5.82M | -$3.02M | -$8.73M | -$3.58M | $4.36M | $1.45M | $671K | -$2.91M | -$2.91M | -$6.04M | -$2.35M | $9.06M | -$1.9M | -$1.57M | $895K | $224K | -$1.9M |
| Accounts Payable | $0 | $0 | -$4.48M | $8.95M | -$27.97M | -$81.67M | $70.48M | $103.15M | $74.62M | $59.97M | $42.63M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | -$83.88M | $215.93M | $151.04M | $5.59M | $63.77M | $134.26M | $38.15M | $10.4M | $63.66M | -$18.12M | $74.62M | -$89.28M | -$159.99M | -$23.72M | -$78.54M | $95.1M | -$14.77M | $129.56M | $211.01M | $160.1M | -$4.14M | $61.53M | -$336K | $133.03M |
| Total Working Capital Change | -$83.88M | $258.44M | $132.02M | $501.22M | -$510.17M | $64.89M | $43.19M | $4.59M | $60.64M | -$26.85M | $71.04M | -$84.92M | -$158.53M | -$23.05M | -$81.45M | $92.19M | -$20.81M | $127.21M | $220.07M | $158.2M | -$5.71M | $62.43M | -$112K | $131.12M |
| Other Non-Cash Items | -$61.51M | -$126.42M | $3.82B | $303.19M | $795.67M | $107.4M | $161.68M | $258.09M | $18.01M | -$530.65M | $32M | $47.44M | $110.76M | $86.15M | $95.43M | -$1.23B | $77.31M | $4.7M | $70.93M | -$17.68M | -$410.49M | -$20.14M | -$539.6M | -$692.43M |
| Net Cash from Operating | $839.9M | $1.13B | $3.89B | $1.65B | $1.45B | $1.17B | $1.27B | $1.33B | $1.4B | $1.43B | $1.62B | $1.39B | $1.28B | $1.38B | $1.21B | $1.21B | $1.2B | $1.16B | $1.33B | $1.19B | $804.64M | $923.46M | $974.36M | $1.18B |
| Investing Activities | ||||||||||||||||||||||||
| Capital Expenditures | -$612.87M | -$313.26M | -$428.5M | -$1.51B | -$313.26M | -$234.95M | -$341.57M | -$367.19M | -$538.37M | -$693.66M | -$636.26M | -$508.05M | -$428.5M | -$711.11M | -$937M | -$900.07M | -$865.28M | -$841M | -$736.84M | -$518.56M | -$551.57M | -$590.61M | -$355.33M | -$768.06M |
| Acquisitions | -$1.61B | $0 | $0 | -$486.68M | $0 | $0 | $0 | -$1.34M | -$9.73M | -$852.75M | $9.17M | -$20.47M | $17.34M | -$76.19M | -$18.57M | $0 | $0 | $0 | -$81.67M | -$17.45M | $0 | -$56.05M | -$52.58M | -$46.99M |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$1.34M | -$9.73M | -$41.06M | -$11.19M | $0 | $0 | $0 | -$8.17M | -$83.8M | -$38.26M | -$3.02M | -$4.14M | -$6.71M | $0 | -$92.86M | -$18.24M | -$13.65M |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $559K | $11.19M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$12.19M | $25.4M | $0 | $6.27M | $4.03M | $559K |
| Other Investing Activities | $222.56M | $135.37M | $14.54M | -$10.07M | -$3.36M | -$7.83M | -$2.8M | $9.62M | -$559K | $559K | $9.06M | -$32.11M | -$61.31M | $6.71M | -$6.15M | -$36.92M | $60.3M | $172.85M | $253.18M | -$688.17M | $231.26M | -$1.23M | $496.52M | -$5.82M |
| Net Cash from Investing | -$2B | -$177.89M | -$413.96M | -$2.01B | -$316.62M | -$242.78M | -$344.37M | -$358.91M | -$548.66M | -$1.55B | -$627.2M | -$560.63M | -$472.47M | -$780.59M | -$951.32M | -$1.02B | -$843.24M | -$671.17M | -$581.66M | -$1.21B | -$320.31M | -$734.49M | $74.4M | -$833.95M |
| Financing Activities | ||||||||||||||||||||||||
| Debt Repaid | - | -$315.5M | $789.87M | -$768.62M | $524.72M | $436.33M | -$14.54M | -$393.03M | $285.41M | $36.03M | $307.45M | $112.66M | -$204.07M | -$6.71M | -$88.5M | -$178.45M | $63.55M | -$502.79M | -$181.13M | -$822.32M | -$103.49M | -$171.4M | $742.21M | $490.82M |
| Common Stock Issuance | $2.24M | $0 | $1.12M | $4.48M | $1.12M | $10.07M | $63.77M | $32.22M | $45.31M | $1.1B | $375.36M | $103.38M | $50.01M | $146.34M | $33.45M | $48.44M | $9.17M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock Repurchases | $0 | -$143.21M | -$24.61M | $0 | -$133.14M | -$11.19M | -$55.94M | -$17.79M | -$57.39M | -$221.07M | -$215.7M | -$135.93M | -$25.62M | -$97M | $0 | -$671K | $0 | -$369.32M | -$162.56M | $0 | $0 | -$14.32M | $0 | $0 |
| Dividends Paid | -$231.5M | -$358.02M | -$246.14M | -$245.02M | -$202.5M | -$277.46M | -$407.24M | -$406.01M | -$680.57M | -$590.17M | -$533.89M | -$484.55M | -$436.56M | -$392.7M | -$354.66M | -$321.65M | -$289.21M | -$267.28M | -$195.01M | -$221.41M | -$189.64M | -$129.22M | -$192.77M | -$144.33M |
| Other Financing Activities | -$78.29M | -$233.83M | -$200.27M | -$186.84M | $553.81M | -$167.82M | -$182.92M | -$144.55M | -$213.02M | -$202.06M | -$166.7M | -$113.78M | -$207.98M | -$223.87M | -$133.36M | -$180.01M | -$98.79M | -$95.88M | -$797.93M | -$347.95M | -$608.96M | -$33.45M | -$28.31M | -$54.93M |
| Net Cash from Financing | -$1.21B | -$419.55M | -$1.26B | $341.23M | -$1.26B | -$909.58M | -$646M | -$259.34M | -$1.19B | $50.46M | -$848.39M | -$846.93M | -$416.08M | -$560.52M | -$366.07M | -$192.99M | -$442.37M | -$229.69M | -$974.36M | $252.96M | -$695.11M | -$5.59M | -$963.29M | -$690.08M |
| Forex Effect | $100.17M | $158.87M | -$137.61M | $16.78M | $3.36M | -$13.43M | -$3.02M | $895K | -$18.12M | $11.52M | -$18.46M | -$1.23M | -$56.05M | -$14.21M | -$9.06M | $16.67M | -$85.03M | $7.27M | $2.01M | -$13.54M | $3.47M | -$52.81M | -$63.21M | -$85.03M |
| Net Change in Cash | -$2.27B | $686.94M | $2.08B | -$2.24M | -$126.42M | $7.83M | $275.45M | $715.47M | -$355.67M | -$58.4M | $128.89M | -$22.04M | $340.34M | $24.61M | -$118.26M | $41.51M | -$166.59M | $266.72M | -$219.62M | $219.96M | -$207.09M | $130.56M | $25.51M | -$432.3M |
| Supplementary Data | ||||||||||||||||||||||||
| Operating Cash Flow | $839.9M | $1.13B | $3.89B | $1.65B | $1.45B | $1.17B | $1.27B | $1.33B | $1.4B | $1.43B | $1.62B | $1.39B | $1.28B | $1.38B | $1.21B | $1.21B | $1.2B | $1.16B | $1.33B | $1.19B | $804.64M | $923.46M | $974.36M | $1.18B |
| Capital Expenditure | -$583.79M | -$339M | -$453.11M | -$1.51B | -$313.26M | -$234.95M | -$341.57M | -$367.19M | -$538.37M | -$693.66M | -$636.26M | -$508.05M | -$428.5M | -$711.11M | -$937M | -$900.07M | -$865.28M | -$841M | -$736.84M | -$518.56M | -$551.57M | -$590.61M | -$355.33M | -$768.06M |
| Free Cash Flow | $256.11M | $786.52M | $3.44B | $136.49M | $1.13B | $938.67M | $927.26M | $965.64M | $861.48M | $731.81M | $986.67M | $878.71M | $856.44M | $668.82M | $271.2M | $308.45M | $338.77M | $319.31M | $597.55M | $667.48M | $253.07M | $332.84M | $619.03M | $407.69M |
| Cash at Beginning | $3.47B | $3.25B | $1.17B | $1.17B | $1.3B | $1.29B | $1.02B | $301.63M | $657.29M | $715.7M | $586.81M | $608.85M | $268.51M | $243.9M | $362.16M | $320.65M | $487.24M | $220.52M | $440.14M | $220.18M | $427.27M | $296.71M | $320.98M | $753.29M |
| Cash at End | $1.2B | $3.94B | $3.25B | $1.17B | $1.17B | $1.3B | $1.29B | $1.02B | $301.63M | $657.29M | $715.7M | $586.81M | $608.85M | $268.51M | $243.9M | $362.16M | $320.65M | $487.24M | $220.52M | $440.14M | $220.18M | $427.27M | $346.49M | $320.98M |