Swiss Re AG (SSREF)
Swiss Re AG, together with its subsidiaries, provides reinsurance, insurance, other insurance-based forms of risk transfer, and other insurance-related services worldwide. The company operates through Property & Casualty Reinsurance, Life & Health Reinsurance, and Corporate Solutions segments. The Property & Casualty Reinsurance segment underwrites property reinsurance, including property, credit, surety and political, engineering and project, aviation, marine, agriculture, renewable energy, retakaful, and facultative reinsurance solutions; and casualty reinsurance, such as liability, motor, worker's compensation, personal accident, management and professional liability, cyber, and facultative reinsurance solutions. Its Life & Health Reinsurance segment underwrites life and health insurance products. The Corporate Solutions segment offers standard risk transfer covers and multi-line programs to customized solutions. It serves stock and mutual insurance companies, public sector and governmental entities, mid-sized and large corporations, and individuals. The company was founded in 1863 and is headquartered in Zurich, Switzerland.
Sector: Insurance - Reinsurance
Industry: Insurance - Reinsurance
Swiss Re AG
OTC:SSREFFinancial Services · Insurance - Reinsurance
-2.46%$185.00
CLOSED · Nov 6Prev close$189.67-2.46%Close$185.00
Mkt Cap$54.56B
Float273.58M
O/S294.92M
VOL1K sh
$ Vol$254K
RVOL0.18×
Inst Own-
Div Yield4.32%
Dilution
Financials Summary
Revenue$50.22B
Net Income$4.97B
Total Assets$133.92B
Free Cash Flow$3.16B
Debt & Equity
Debt 27%
Equity 73%
Total Debt$8.98B
Total Equity$24.65B
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in SSREF's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$133.92B
Liabilities$108.64B
Accounts Receivable$10.44B
Accounts Payable$0
Inventory$0
PP&E (Net)$0
Goodwill$3.87B
Intangible Assets$151.9M
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | 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 |
| Revenue | $50.22B | $46.76B | $43.64B | $46.04B | $45.94B | $43.77B | $49.16B | $36.88B | $42.39B | $43.74B | $35.66B | $37.27B | $36.55B | $33.52B | $27.8B | $28.84B | $32.25B | $23.33B | $37.79B | $33.42B | $28.86B |
| YoY Growth | 7.4% | 7.1% | -5.2% | 0.2% | 4.9% | -11.0% | 33.3% | -13.0% | -3.1% | 22.7% | -4.3% | 2.0% | 9.1% | 20.6% | -3.6% | -10.6% | 38.3% | -38.3% | 13.1% | 15.8% | - |
| Cost of Revenue | $0 | $3.62B | $3.33B | $7.8B | $8.23B | $8.24B | $7.83B | $6.92B | $6.98B | $6.93B | $6.42B | $6.51B | $4.89B | $4.55B | $4.02B | $3.68B | $4.72B | $5.01B | $5.73B | $4.98B | $4.5B |
| Gross Profit | $50.22B | $43.14B | $40.32B | $38.24B | $37.7B | $35.54B | $41.32B | $29.96B | $35.41B | $36.82B | $29.24B | $30.76B | $31.66B | $28.97B | $23.78B | $25.16B | $27.54B | $18.32B | $32.06B | $28.44B | $24.36B |
| Gross Margin | 100.0% | 92.3% | 92.4% | 83.1% | 82.1% | 81.2% | 84.1% | 81.2% | 83.5% | 84.2% | 82.0% | 82.5% | 86.6% | 86.4% | 85.5% | 87.2% | 85.4% | 78.5% | 84.8% | 85.1% | 84.4% |
| 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 | $0 | $0 | $0 |
| Other | $43.86B | $39B | $36.39B | $37.59B | $35.87B | $36.49B | $40.41B | $29.41B | $34.88B | $32.45B | $23.92B | $26.53B | $26.83B | $23.44B | $20.9B | $22.48B | $26.61B | $19.58B | $27.49B | $23.64B | $22.42B |
| Total Operating Expenses | $43.86B | $39B | $36.39B | $37.59B | $35.87B | $36.49B | $40.41B | $29.41B | $34.88B | $32.45B | $23.92B | $26.53B | $26.83B | $23.44B | $20.9B | $22.48B | $26.61B | $19.58B | $27.49B | $23.64B | $22.42B |
| Operating Income (EBIT) | $6.37B | $4.13B | $3.93B | $651M | $1.83B | -$950M | $909M | $550M | $525M | $4.37B | $5.32B | $4.23B | $4.83B | $5.52B | $2.88B | $2.67B | $921.74M | -$1.26B | $4.57B | $4.8B | $1.94B |
| Operating Margin | 12.7% | 8.8% | 9.0% | 1.4% | 4.0% | -2.2% | 1.8% | 1.5% | 1.2% | 10.0% | 14.9% | 11.3% | 13.2% | 16.5% | 10.3% | 9.3% | 2.9% | -5.4% | 12.1% | 14.4% | 6.7% |
| Interest Expense | $504.93M | $460M | $490.99M | $588.7M | $571M | $624.36M | $604.47M | $555M | $566M | $606M | $634M | $721M | $760M | $736M | $851M | $1.09B | $1.06B | $1.4B | $1.6B | $841.12M | $0 |
| Interest Income | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | $0 | $0 | $0 | $0 | $0 | -$140M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$0 | $0 | -$0 | $0 | $0 |
| Income Before Tax (EBT) | $6.37B | $4.13B | $3.93B | $651M | $1.83B | -$1.09B | $909M | $550M | $525M | $4.37B | $5.32B | $4.23B | $4.83B | $5.52B | $2.88B | $2.67B | $921.74M | -$1.26B | $4.57B | $4.8B | $1.94B |
| Income Tax Expense | $1.38B | $895M | $785M | $171M | $394M | -$266M | $140M | $69M | $132M | $749M | $651M | $658M | $312M | $1.13B | $77M | $541M | $223.19M | -$453.89M | $903.52M | $1.06B | $193.62M |
| Net Income | $4.97B | $3.24B | $3.11B | $472M | $1.44B | -$878M | $727M | $462M | $398M | $3.63B | $4.67B | $3.57B | $4.51B | $4.26B | $2.63B | $2.13B | $488.89M | -$806.91M | $3.67B | $3.74B | $1.75B |
| Net Income Margin | 9.9% | 6.9% | 7.1% | 1.0% | 3.1% | -2.0% | 1.5% | 1.3% | 0.9% | 8.3% | 13.1% | 9.6% | 12.3% | 12.7% | 9.4% | 7.4% | 1.5% | -3.5% | 9.7% | 11.2% | 6.1% |
| Supplementary Data | |||||||||||||||||||||
| EPS | 16.62 | 10.88 | 10.50 | 1.63 | 4.98 | -2.68 | 2.52 | 1.37 | 1.03 | 10.72 | 13.44 | 10.23 | 12.99 | 11.85 | 7.68 | 2.52 | 1.44 | -2.44 | 10.53 | 11.06 | 5.65 |
| Diluted EPS | 16.62 | 10.78 | 10.33 | 1.60 | 4.79 | -2.68 | 2.46 | 1.34 | 1.03 | 9.82 | 12.28 | 10.23 | 12.99 | 11.06 | 7.49 | 2.43 | 1.43 | -2.44 | 9.90 | 10.27 | 5.42 |
| Weighted Average OS | 298.76M | 321.64M | 289.92M | 312.53M | 316.72M | 327.08M | 305.32M | 306.84M | 320.81M | 331.77M | 341.95M | 342.20M | 342.19M | 343.38M | 342.14M | 342.52M | 339.54M | 331.02M | 348.21M | 337.96M | 309.83M |
| EBITDA | $6.87B | $4.27B | $4.26B | $1.65B | $3.07B | $115M | $2.04B | $1.44B | $1.63B | $5.62B | $6.55B | $5.41B | $5.99B | $10.15B | $6.84B | $3.77B | $2B | $954.47M | $6.77B | $6.37B | $2.54B |
| EBITDA Margin | 13.7% | 9.1% | 9.8% | 3.6% | 6.7% | 0.3% | 4.1% | 3.9% | 3.9% | 12.8% | 18.4% | 14.5% | 16.4% | 30.3% | 24.6% | 13.1% | 6.2% | 4.1% | 17.9% | 19.1% | 8.8% |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | 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 |
| Assets | |||||||||||||||||||||
| Current Assets | |||||||||||||||||||||
| Cash and Cash Equivalents | $2.74B | $4.13B | $4.55B | $4.08B | $5.05B | $5.47B | $7.56B | $5.99B | $6.81B | $9.01B | $8.2B | $7.47B | $8.07B | $10.84B | $11.41B | $16.93B | $27.78B | $16.13B | $10.16B | $11.15B | $6.35B |
| Short-Term Investments | $89.18B | $84.51B | $10.93B | $81.53B | $92.76B | $93.19B | $69.6B | $85.9B | $94.3B | $91.85B | $91.56B | $86.4B | $89.62B | $95.73B | $14.39B | $21.45B | $0 | $5.42B | $7.74B | $7.76B | $3.45B |
| Cash and Short-Term Investments | $2.74B | $88.64B | $88.38B | $85.61B | $97.81B | $98.66B | $77.16B | $91.89B | $101.11B | $100.86B | $99.76B | $93.87B | $97.69B | $106.56B | $25.8B | $38.37B | $27.78B | $21.55B | $17.91B | $18.91B | $9.8B |
| Accounts Receivable | $10.44B | $0 | $25.98B | $25.34B | $24B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $0 | -$74.05B | -$25.98B | -$25.34B | -$24B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Current Assets | $13.18B | $14.59B | $88.38B | $85.61B | $97.81B | $98.66B | $77.16B | $91.89B | $101.11B | $100.86B | $99.76B | $93.87B | $97.69B | $106.56B | $25.8B | $38.37B | $27.78B | $21.55B | $17.91B | $18.91B | $9.8B |
| Long-Term Assets | |||||||||||||||||||||
| Property, Plant & Equipment Net | $0 | $234M | $405.86M | $396.2M | $425.45M | $471M | $485M | $0 | $0 | $0 | $0 | $0 | $0 | $132.67B | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $3.87B | $0 | $0 | $3.86B | $3.97B | $4.02B | $3.94B | $4.07B | $4.17B | $0 | $3.86B | $4.03B | $4.11B | $4.09B | $4.05B | $4.08B | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $151.9M | $4.05B | $4.23B | $8.91B | $8.14B | $0 | $0 | $0 | $0 | $3.96B | $0 | $0 | $0 | $0 | $0 | $0 | $4.13B | $3.98B | $4.32B | $3.97B | $2.6B |
| Long-Term Investments | $560M | $93.43B | $21.43B | $89.91B | $103.77B | $104.34B | $78.89B | $124.21B | $138.97B | $133.3B | $133.13B | $121.44B | $128.69B | $134.29B | $140.21B | $127.83B | $145.56B | $144.96B | $191.91B | $158.69B | $109.28B |
| Deferred Tax Assets | $1.76B | $2.08B | $7.4B | $8.28B | $6.13B | $6.08B | $4.73B | $5.41B | $4.82B | $5.9B | $5.97B | $6.12B | $5.76B | $5.72B | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $114.41B | $12.84B | $142.72B | -$9.31B | -$425.45M | -$471M | -$485M | -$133.69B | -$147.96B | -$143.17B | -$142.96B | -$131.59B | -$138.57B | -$138.38B | -$144.26B | -$131.91B | $0 | $0 | $0 | $0 | $0 |
| Total Long-Term Assets | $120.74B | $112.64B | $176.18B | $102.06B | $113.87B | $114.44B | $87.56B | $133.69B | $147.96B | $143.17B | $142.96B | $131.59B | $138.57B | $138.38B | $144.26B | $131.91B | $149.69B | $148.94B | $196.23B | $162.66B | $111.89B |
| Other Assets | $0 | $112.36B | -$84.99B | -$16.99B | -$30.12B | -$30.48B | $73.84B | -$18.01B | -$26.54B | -$28.96B | -$46.59B | -$20.99B | -$22.73B | -$29.16B | $55.84B | $58.12B | $55B | $53.54B | $56.73B | $57.24B | $46.34B |
| Total Assets | $133.92B | $127.23B | $133.86B | $170.68B | $181.57B | $182.62B | $238.57B | $207.57B | $222.53B | $215.06B | $196.13B | $204.46B | $213.52B | $215.78B | $225.9B | $228.4B | $232.47B | $224.03B | $270.87B | $238.81B | $168.03B |
| Liabilities | |||||||||||||||||||||
| Current Liabilities | |||||||||||||||||||||
| Accounts Payable | $0 | $0 | $2.73B | $1.84B | $1.07B | $1.1B | $889M | $920M | $1.04B | $1.91B | $1.93B | $2.12B | $2.37B | $3.75B | $3.96B | $4.38B | $4.75B | $5.13B | $0 | $0 | $0 |
| Short-Term Debt | $294.81M | $0 | $1.44B | $874.45M | $860.89M | $153M | $185M | $0 | $433M | $1.02B | $765M | $1.7B | $3.82B | $3.61B | $4.13B | $10.8B | $8.09B | $6.09B | $10.34B | $7.47B | $6.25B |
| Current Income Tax Payable | $0 | $674M | $304.9M | $254M | $320M | $336M | $378M | $597M | $679M | $633M | $488M | $909M | $660M | $604M | $442M | $708M | $607.73M | $718.19M | $598.53M | $709.95M | $680.33M |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $12.84B | $961.01M | $0 | $0 | $0 |
| Other Current Liabilities | $86.8B | $2.22B | $82.38B | -$342.45M | -$880.89M | -$336M | -$378M | -$1.52B | -$2.15B | -$3.57B | -$3.18B | -$4.72B | -$6.85B | -$7.97B | -$8.53B | -$15.88B | -$13.45B | -$11.94B | -$10.94B | -$8.18B | -$6.93B |
| Total Current Liabilities | $87.1B | $2.9B | $86.86B | $2.62B | $1.37B | $1.25B | $1.07B | $1.79B | $1.47B | $2.93B | $2.69B | $3.82B | $6.19B | $7.37B | $43.17B | $50.35B | $12.84B | $6.09B | $10.34B | $7.47B | $6.25B |
| Long-Term Liabilities | |||||||||||||||||||||
| Long-Term Debt | $8.68B | $7.26B | $8.51B | $10.25B | $10.32B | $11.58B | $11.64B | $8.5B | $10.58B | $11.35B | $12.81B | $12.62B | $14.72B | $16.29B | $16.54B | $18.43B | $19.16B | $16.92B | $21.39B | $12.08B | $7.78B |
| Long-Term Unearned Revenue | $0 | $0 | $44.23B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $17.87B | $14.05B | $20.09B | $20.34B | $24.75B | $14.28B | $9.93B |
| Long-Term Deferred Tax Liabilities | $2.8B | $2.41B | $2.76B | $6.01B | $6.38B | $6.74B | $5.66B | $6.47B | $6.97B | $8.58B | $8.09B | $9.45B | $8.24B | $3.72B | $2.85B | $1.72B | $926.57M | $1.24B | $3.36B | $2.2B | $2.15B |
| Other Long-Term Liabilities | $97.16B | $96.94B | $10.06B | -$7.75B | $34.81B | $0 | $0 | -$14.97B | -$17.56B | -$11.35B | -$20.91B | -$22.06B | -$22.96B | -$16.29B | -$37.26B | -$34.19B | -$20.09B | -$18.16B | -$24.75B | -$14.28B | -$9.93B |
| Total Long-Term Liabilities | $108.64B | $103.99B | $68.67B | $16.26B | $17.27B | $18.32B | $17.31B | $15.73B | $17.12B | $18.91B | $20.14B | $22.06B | $22.96B | $20.01B | $37.26B | $34.19B | $20.09B | $20.34B | $24.75B | $14.28B | $9.93B |
| Other Liabilities | $0 | $102.08B | $111.32B | $138.98B | $139.25B | $135.79B | $189.15B | $161.32B | $169.64B | $157.5B | $139.7B | $142.54B | $151.39B | $154.38B | $114.18B | $116.96B | $174.22B | $178.49B | $207.68B | $191.73B | $133.33B |
| Total Liabilities | $108.64B | $103.99B | $111.32B | $157.87B | $157.89B | $155.36B | $207.53B | $178.84B | $188.23B | $179.35B | $162.53B | $168.42B | $180.54B | $181.76B | $194.61B | $201.5B | $207.15B | $204.93B | $242.78B | $213.49B | $149.51B |
| Stockholders' Equity | |||||||||||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $3.95B | $0 | $0 | $4.82B | $1.63B | $2.76B | $1.15B | $0 | $1.71B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $27.98M | $30M | $30M | $30M | $30M | $30M | $31M | $32M | $33M | $34M | $35M | $35M | $35M | $35M | $35M | $35M | $35.75M | $33.62M | $32.61M | $30.33M | $24.3M |
| Retained Earnings | $27.73B | $26.17B | $28.55B | $27.28B | $28.63B | $29.05B | $32.68B | $34.51B | $36.45B | $38.68B | $37.53B | $34.26B | $30.77B | $26.32B | $22.28B | $19.65B | $19.41B | $17.81B | $19.14B | $15.32B | $11.31B |
| Comprehensive Income & Other | -$3.13B | -$3.93B | -$11.52B | -$13.51B | -$3.95B | -$800M | -$1.49B | -$4.82B | -$1.63B | -$2.76B | -$1.15B | $1.02B | -$1.71B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Stockholders' Equity | -$3.11B | -$3.09B | -$12.43B | -$14.61B | -$5.09B | -$1.95B | -$3.46B | -$6.61B | -$2.36B | -$3.08B | -$4.04B | $1.64B | $2.15B | $7.64B | $7.28B | $5.66B | $5.87B | $1.26B | $8.92B | $9.97B | $7.19B |
| Total Equity | $24.65B | $23.11B | $16.15B | $12.7B | $23.57B | $27.14B | $29.25B | $27.93B | $34.12B | $35.63B | $33.52B | $35.93B | $32.95B | $34B | $29.59B | $25.34B | $25.31B | $19.1B | $28.09B | $25.32B | $18.52B |
| Minority Interest | $180.88M | $134M | $229M | $110M | $110M | $123M | $1.79B | $797M | $170M | $82M | $89M | $111M | $25M | $24M | $1.7B | $1.56B | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $133.3B | $127.09B | $127.47B | $170.57B | $181.46B | $182.5B | $236.78B | $206.77B | $222.36B | $214.98B | $196.05B | $204.35B | $213.5B | $215.76B | $224.2B | $226.84B | $232.47B | $224.03B | $270.87B | $238.81B | $168.03B |
| Supplementary Data | |||||||||||||||||||||
| Total Debt | $8.98B | $7.26B | $10.31B | $11.5B | $11.65B | $11.74B | $11.64B | $10.13B | $10.58B | $11.35B | $12.81B | $14.32B | $18.54B | $19.9B | $20.67B | $29.23B | $27.26B | $25.19B | $31.73B | $19.56B | $14.03B |
| Net Debt | $6.23B | $3.13B | $5.23B | $6.96B | $6.13B | $6.27B | $4.08B | $4.15B | $3.77B | $2.34B | $4.61B | $6.84B | $10.47B | $9.06B | $9.26B | $12.3B | -$521.74M | $9.07B | $21.56B | $8.4B | $7.67B |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | 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 |
| Operating Activities | |||||||||||||||||||||
| Net Income | $4.84B | $3.24B | $3.43B | $472M | $1.44B | -$878M | $727M | $421M | $331M | $3.56B | $4.6B | $3.5B | $4.44B | $4.2B | $2.63M | $863K | $488.89M | -$806.91M | $3.67B | $3.74B | $1.75B |
| Depreciation & Amortization | $0 | -$325M | -$68M | $425M | $666M | $617M | $538M | $331M | $542M | $643M | $594M | $458M | $4.01B | $3.89B | $3.12M | $2.44M | $20.29M | $813.45M | $595.88M | $726.35M | $593.77M |
| Deferred Income Tax | $0 | $0 | $0 | -$59M | -$61M | -$44M | -$30M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $0 | $0 | $101M | $59M | $61M | $44M | $30M | $47M | $55M | $66M | $61M | $76M | $126M | $69M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | |||||||||||||||||||||
| Accounts Receivable | $0 | $485M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | -$1.01B | $18M | $1.44B | $1.7B | $3.15B | $4.45B | $8.89B | -$1.35B | $5.14B | $7.1B | $1.4B | $1.35B | $1.33B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Working Capital Change | -$1.01B | $503M | $1.44B | $1.7B | $3.15B | $4.45B | $8.89B | -$1.73B | $4.41B | $7.57B | $1.24B | $641M | -$2.7B | -$659M | -$4.03M | -$7.88M | -$7.69B | -$6.88B | -$15.23B | -$1.59B | $1.79B |
| Other Non-Cash Items | -$664.16M | -$286M | -$690.45M | $333M | -$1.15B | $1.2B | -$5.76B | $2.55B | -$3.98B | -$5.66B | -$1.02B | -$1.13B | -$3.47B | -$2.93B | -$216K | -$1.51M | -$708.21M | $1.18B | $7.65B | -$1.6B | -$2.64B |
| Net Cash from Operating | $3.16B | $3.13B | $4.21B | $2.93B | $4.1B | $5.39B | $4.4B | $1.57B | $1.3B | $6.12B | $5.41B | $3.47B | $2.28B | $4.5B | $1.5M | -$6.09M | -$7.89B | -$5.69B | -$3.32B | $1.27B | $1.5B |
| Investing Activities | |||||||||||||||||||||
| Capital Expenditures | $0 | $0 | $0 | -$22.72M | $42.09M | $2.69B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Acquisitions | $57.62M | $0 | -$42M | $22.72M | -$42.09M | -$2.69B | $340M | -$11M | $36M | $318M | $404M | -$257M | $0 | $106M | $80K | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | -$80.94B | -$58.52B | -$32.13B | -$34.57B | -$56.43B | -$64.9B | -$60.14B | -$53.02B | -$55.45B | -$49.77B | -$51.97B | -$65.49B | -$87.12B | -$113.37B | -$141.98M | -$139.51M | -$174.52B | -$78.19B | -$54.25B | -$49.47B | -$37.18B |
| Sales of Investments | $78.5B | $58.3B | $34.84B | $32.02B | $53.84B | $61.3B | $63.13B | $53.03B | $59.22B | $50.26B | $55.35B | $66.51B | $86.78B | $109.73B | $145.3M | $137.46M | $188.12B | $95.61B | $52.06B | $54.84B | $33.94B |
| Other Investing Activities | $0 | -$191M | -$3.03B | $215M | $451M | -$4.12B | -$869M | $3.46B | -$1.04B | $789M | -$2.09B | $1.54B | -$344M | -$3.53B | $0 | $0 | $1.42B | $158.77M | $1.42B | -$2.87B | $488.23M |
| Net Cash from Investing | -$2.38B | -$407M | -$371M | -$2.34B | -$2.14B | -$7.72B | $2.46B | $3.46B | $2.76B | $1.6B | $1.69B | $763M | -$344M | -$3.53B | $3.41M | -$2.05M | $15.02B | $17.58B | -$765.13M | $2.5B | -$2.76B |
| Financing Activities | |||||||||||||||||||||
| Debt Repaid | $29.33M | $608M | $1.72B | -$1.45B | $51M | -$1.07B | -$3.61B | -$343.49M | $628.23M | -$738.62M | -$199M | -$1.32B | -$40M | -$1.82B | $33M | -$1.18B | -$6.22B | -$1.25B | -$3.83B | -$3.22B | -$749.43M |
| Common Stock Issuance | $161.33M | $0 | $0 | $0 | $0 | $0 | $0 | $194M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2.89B | $940K | $33.56M | $1.08B | $24.3M |
| Common Stock Repurchases | $0 | -$631M | -$637M | -$6M | -$37.08M | -$199M | -$946M | -$1.45B | -$1.14B | -$1.17B | -$579M | -$197M | -$227M | -$133M | -$261M | $0 | $0 | -$1.45B | -$2.03B | -$51.61M | $0 |
| Dividends Paid | -$2.27B | -$1.98B | -$1.97B | -$1.88B | -$1.86B | -$1.87B | -$1.7B | -$1.59B | -$1.56B | -$1.56B | -$2.61B | -$3.13B | -$2.76B | -$1.13B | -$1.03B | -$319K | -$32.85M | -$1.24B | -$1.02B | -$636.17M | -$377.37M |
| Other Financing Activities | -$94.28M | -$146M | $3M | $10.87M | -$50.73M | -$1.31B | -$1.4B | -$1.73B | -$2.24B | -$3.11B | -$1.86B | $0 | $0 | $0 | -$521.94M | -$323K | $2.66B | $30.09M | -$9.38M | $1.27M | -$60K |
| Net Cash from Financing | -$2.23B | -$2.97B | -$3.35B | -$1.24B | -$2.1B | -$2.5B | -$2.64B | -$5.59B | -$6.8B | -$6.4B | -$6.01B | -$4.47B | -$4.54B | -$1.64B | -$10.32M | -$3.76M | $4.61B | -$6.45B | $2.62B | $2.66B | -$58.47M |
| Forex Effect | $67.96M | -$144M | $5M | -$326M | -$286M | $4M | $88M | -$263M | $533M | -$508M | -$365M | -$366M | -$164M | $101M | -$104M | $0 | -$651.21M | -$77.52M | -$365.82M | -$130.35M | $320.43M |
| Net Change in Cash | -$1.38B | -$422M | $502M | -$974M | -$419M | -$4.82B | $1.58B | -$821M | -$2.21B | $807M | $733M | -$601M | -$2.77B | -$570M | -$5.52M | -$10.88M | $11.09B | $5.36B | -$1.83B | $4.29B | -$996.96M |
| Supplementary Data | |||||||||||||||||||||
| Operating Cash Flow | $3.16B | $3.13B | $4.09B | $2.93B | $4.1B | $5.39B | $4.4B | $1.57B | $1.3B | $6.12B | $5.41B | $3.47B | $2.28B | $4.5B | $1.5M | -$6.09M | -$7.89B | -$5.69B | -$3.32B | $1.27B | $1.5B |
| Capital Expenditure | $5 | $0 | $0 | -$22.72M | $42.09M | $2.69B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Free Cash Flow | $3.16B | $3.13B | $4.09B | $2.9B | $4.15B | $8.09B | $4.4B | $1.57B | $1.3B | $6.12B | $5.41B | $3.47B | $2.28B | $4.5B | $1.5M | -$6.09M | -$7.89B | -$5.69B | -$3.32B | $1.27B | $1.5B |
| Cash at Beginning | $4.12B | $4.55B | $4.08B | $5.05B | $5.47B | $10.29B | $5.99B | $6.81B | $9.01B | $8.2B | $7.47B | $8.07B | $10.84B | $11.41B | $16.93M | $27.81M | $16.68B | $10.77B | $11.99B | $6.86B | $7.35B |
| Cash at End | $2.74B | $4.13B | $4.58B | $4.08B | $5.05B | $5.47B | $7.56B | $5.99B | $6.81B | $9.01B | $8.2B | $7.47B | $8.07B | $10.84B | $11.41M | $16.93M | $27.78B | $16.13B | $10.16B | $11.15B | $6.35B |