Energy Transfer LP (ET-PI)
Energy Transfer LP operates extensively within the energy sector, providing a comprehensive suite of energy-related services. The company manages and maintains a significant infrastructure for natural gas, including transportation pipelines and storage facilities primarily situated in Texas and Oklahoma, which features approximately 20,090 miles of interstate pipeline. It serves as a supplier of natural gas to various entities such as electric utilities, independent power producers, local distribution companies, other marketing firms, and industrial end-users. Beyond this, its operations encompass natural gas gathering networks, processing plants, and treating and conditioning facilities distributed across a wide geographical area, including Texas, New Mexico, West Virginia, Pennsylvania, Ohio, Oklahoma, Arkansas, Kansas, Montana, North Dakota, Wyoming, and Louisiana. In the South Texas region, Energy Transfer also handles natural gas gathering, oil pipeline management, and oil stabilization facilities. Additionally, it provides water transport and supply services to natural gas producers in Pennsylvania. The company's asset portfolio further includes around 5,700 miles of natural gas liquid (NGL) pipelines, alongside NGL fractionation and storage facilities, and associated terminals. In the crude oil market, Energy Transfer is involved in transportation, terminalling, acquisition, and marketing activities, controlling roughly 14,500 miles of crude oil trunk and gathering pipelines across the Southwest, Midcontinent, and Midwest United States. It also handles the distribution and sale of refined petroleum products like gasoline, middle distillates, and various motor fuels. Complementary services offered by Energy Transfer include natural gas compression and the removal of carbon dioxide and hydrogen sulfide. Its diverse business ventures extend to managing coal and natural resource properties, selling standing timber, leasing coal-related infrastructure, collecting oil and gas royalties, and generating electrical power. Originally established in Dallas, Texas, in 1996, the company was previously known as Energy Transfer Equity, L.P., before officially adopting its current name, Energy Transfer LP, in October 2018.
Sector: Natural Gas Transmission
Industry: Oil & Gas Midstream
Energy Transfer LP
Mkt Cap$70.42B
Float3.09B
O/S3.44B
Inst Own-
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$82.63B
Net Income$4.9B
Total Assets$141.74B
Free Cash Flow$3.85B
Debt & Equity
Debt 65%
Equity 31%
Preferred 3%
Total Debt$71.61B
Total Equity$34.37B
Preferred Stock$3.36B
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in ET-PI's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$141.74B
Liabilities$92.48B
Accounts Receivable$11.45B
Accounts Payable$9.51B
Inventory$4.99B
PP&E (Net)$103.98B
Goodwill$5.45B
Intangible Assets$7.44B
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | 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 | 2007-08-31 | 2006-08-31 | 2005-08-31 | 2004-08-31 |
| Revenue | $82.63B | $82.67B | $78.59B | $89.88B | $67.42B | $38.95B | $54.21B | $54.09B | $40.52B | $37.5B | $42.13B | $55.69B | $48.34B | $16.96B | $8.24B | $6.6B | $5.42B | $9.29B | $6.79B | $7.86B | $6.17B | $2.35B |
| YoY Growth | -0.1% | 5.2% | -12.6% | 33.3% | 73.1% | -28.1% | 0.2% | 33.5% | 8.0% | -11.0% | -24.4% | 15.2% | 184.9% | 105.9% | 24.9% | 21.8% | -41.7% | 36.8% | -13.6% | 27.4% | 162.8% | - |
| Cost of Revenue | $64.62B | $66.98B | $64.78B | $76.57B | $53.97B | $28.7B | $43.09B | $44.69B | $33.61B | $25.89B | $30.72B | $50.38B | $44.12B | $14.15B | $6.1B | $4.11B | $3.12B | $7.72B | $5.08B | $6.99B | $5.7B | $1.98B |
| Gross Profit | $18.01B | $15.69B | $13.8B | $13.31B | $13.45B | $10.25B | $11.12B | $9.39B | $6.91B | $5.9B | $5.38B | $5.31B | $4.21B | $2.81B | $2.14B | $2.49B | $2.3B | $1.57B | $1.71B | $867.79M | $467.73M | $365.53M |
| Gross Margin | 21.8% | 19.0% | 17.6% | 14.8% | 19.9% | 26.3% | 20.5% | 17.4% | 17.1% | 15.7% | 12.8% | 9.5% | 8.7% | 16.6% | 26.0% | 37.7% | 42.4% | 16.9% | 25.2% | 11.0% | 7.6% | 15.6% |
| 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 |
| Selling, General, and Administrative | $1.02B | $1.34B | $1.11B | $1.02B | $818M | $711M | $694M | $702M | $599M | $791M | $803M | $744M | $660M | $517M | $292.16M | $234.32M | $178.92M | $200.18M | $713.11M | $162.62M | $64.06M | $31.11M |
| Other | $7.55B | $5.22B | $4.4B | $4.55B | $3.84B | $6.56B | $3.22B | $3.29B | $3.59B | $3.26B | $2.29B | $2.09B | $2B | $0 | $611.81M | $1.22B | $1.01B | $274.37M | $191.38M | $129.64M | $105.75M | $203.62M |
| Total Operating Expenses | $8.57B | $6.55B | $5.51B | $5.57B | $4.66B | $7.27B | $3.92B | $3.99B | $4.19B | $4.05B | $3.09B | $2.84B | $2.66B | $340M | $903.97M | $1.45B | $1.18B | $474.55M | $904.5M | $292.25M | $169.81M | $234.73M |
| Operating Income (EBIT) | $9.44B | $9.14B | $8.29B | $7.74B | $8.79B | $2.98B | $7.2B | $5.4B | $2.71B | $1.85B | $2.29B | $2.47B | $1.55B | $1.36B | $1.23B | $1.04B | $1.11B | $1.1B | $809.34M | $575.54M | $297.92M | $130.81M |
| Operating Margin | 11.4% | 11.1% | 10.6% | 8.6% | 13.0% | 7.7% | 13.3% | 10.0% | 6.7% | 4.9% | 5.4% | 4.4% | 3.2% | 8.0% | 15.0% | 15.7% | 20.5% | 11.8% | 11.9% | 7.3% | 4.8% | 5.6% |
| Interest Expense | $3.32B | $3.13B | $2.58B | $2.31B | $2.27B | $2.33B | $2.33B | $2.06B | $1.92B | $1.8B | $1.62B | $1.37B | $1.22B | $1.08B | $739.81M | $624.89M | $468.42M | $357.54M | $316.42M | $150.65M | $141.12M | $41.22M |
| Interest Income | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | -$3.15B | -$2.03B | -$2.7B | -$1.67B | -$1.92B | -$2.6B | -$2.18B | -$1.77B | -$2.01B | -$1.65B | -$1.39B | -$1.05B | -$1.18B | $77M | -$689.69M | -$685.17M | -$403.3M | -$415.34M | -$245.98M | -$141.63M | -$79.89M | $353.91M |
| Income Before Tax (EBT) | $6.29B | $7.11B | $5.6B | $6.07B | $6.87B | $377M | $5.02B | $3.63B | $710M | -$176M | $993M | $1.42B | $375M | $1.44B | $545.13M | $351.56M | $707.1M | $683.56M | $563.36M | $433.91M | $104.85M | $449.55M |
| Income Tax Expense | $222M | $541M | $303M | $204M | $184M | $237M | $195M | $4M | -$1.83B | -$217M | -$100M | $357M | $93M | $54M | $16.88M | $13.74M | $9.23M | $3.81M | $11.39M | $23.02M | $4.4M | $2.79M |
| Net Income | $4.9B | $4.81B | $3.94B | $4.76B | $5.47B | -$648M | $3.52B | $1.69B | $954M | $995M | $1.19B | $633M | $196M | $304M | $309.81M | $192.76M | $442.47M | $375.04M | $319.36M | $107.14M | $146.75M | $450.22M |
| Net Income Margin | 5.9% | 5.8% | 5.0% | 5.3% | 8.1% | -1.7% | 6.5% | 3.1% | 2.4% | 2.7% | 2.8% | 1.1% | 0.4% | 1.8% | 3.8% | 2.9% | 8.2% | 4.0% | 4.7% | 1.4% | 2.4% | 19.2% |
| Supplementary Data | ||||||||||||||||||||||
| EPS | 1.36 | 1.29 | 1.10 | 1.40 | 1.89 | -0.24 | 1.34 | 1.19 | 0.85 | 0.94 | 1.11 | 0.58 | 0.18 | 0.28 | 0.35 | 0.22 | 0.50 | 0.42 | 0.39 | 0.20 | 0.33 | 1.06 |
| Diluted EPS | 1.35 | 1.28 | 1.09 | 1.40 | 1.89 | -0.24 | 1.33 | 1.16 | 0.80 | 0.92 | 1.11 | 0.57 | 0.18 | 0.28 | 0.35 | 0.22 | 0.50 | 0.42 | 0.39 | 0.20 | 0.27 | 0.85 |
| Weighted Average OS | 3.65B | 3.40B | 3.16B | 3.09B | 2.73B | 2.70B | 2.63B | 1.42B | 1.08B | 1.05B | 1.06B | 1.09B | 1.12B | 1.07B | 891.80M | 891.76M | 891.59M | 891.32M | 818.31M | 535.28M | 447.76M | 422.83M |
| EBITDA | $15.29B | $15.4B | $12.56B | $12.29B | $12.63B | $9.54B | $10.5B | $8.69B | $6.31B | $5.11B | $4.59B | $4.56B | $3.55B | $3.39B | $1.87B | $1.39B | $1.5B | $1.18B | $1.01B | $709.13M | $409.62M | -$205.83M |
| EBITDA Margin | 18.5% | 18.6% | 16.0% | 13.7% | 18.7% | 24.5% | 19.4% | 16.1% | 15.6% | 13.6% | 10.9% | 8.2% | 7.4% | 20.0% | 22.7% | 21.1% | 27.7% | 12.7% | 14.8% | 9.0% | 6.6% | -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 | FY 2004 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | 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 | 2007-08-31 | 2006-08-31 | 2005-08-31 | 2004-08-31 |
| Assets | ||||||||||||||||||||||
| Current Assets | ||||||||||||||||||||||
| Cash and Cash Equivalents | $1.27B | $312M | $161M | $257M | $336M | $367M | $291M | $419M | $336M | $467M | $606M | $847M | $590M | $372M | $126.34M | $86.26M | $68.31M | $92.02M | $77.35M | $26.2M | $33.46M | $82.85M |
| Short-Term Investments | $52M | $9M | $66M | $10M | $10M | $9M | $23M | $111M | $24M | $21M | $46M | $81M | $39M | $25M | $17.03M | $18.39M | $18.43M | $11.34M | $3M | $2.82M | $3.45M | $2.46M |
| Cash and Short-Term Investments | $1.32B | $321M | $227M | $267M | $346M | $376M | $314M | $530M | $360M | $488M | $652M | $928M | $629M | $397M | $143.37M | $104.65M | $86.74M | $103.36M | $59.56M | $29.02M | $548.55M | $85.32M |
| Accounts Receivable | $11.45B | $10.33B | $9.21B | $8.56B | $7.71B | $3.95B | $5.2B | $4.19B | $4.56B | $3.6B | $2.85B | $3.41B | $3.72B | $3.13B | $802.2M | $710.61M | $641.55M | $651.61M | $877.42M | $699.37M | $949.98M | $260.02M |
| Inventory | $4.99B | $3.07B | $2.68B | $2.46B | $2.01B | $1.74B | $1.53B | $1.82B | $2.02B | $2.06B | $1.71B | $1.47B | $1.86B | $1.52B | $394.19M | $418.58M | $469.65M | $272.35M | $192.28M | $387.14M | $302.89M | $53.26M |
| Other Current Assets | $472M | $159M | $308M | $412M | $257M | $119M | $264M | $209M | $3.54B | $400M | $203M | $207M | $263M | $575M | $115.67M | $57.17M | $70.02M | $83.66M | $42.27M | $144.66M | $138.96M | $75.55M |
| Total Current Assets | $18.23B | $14.2B | $12.43B | $12.08B | $10.54B | $6.32B | $7.46B | $6.75B | $10.68B | $6.9B | $5.41B | $6.14B | $6.54B | $5.6B | $1.46B | $1.29B | $1.27B | $1.18B | $1.05B | $1.3B | $1.47B | $481.87M |
| Long-Term Assets | ||||||||||||||||||||||
| Property, Plant & Equipment Net | $103.98B | $96.02B | $86.18B | $81.13B | $82.44B | $75.97B | $75.16B | $66.96B | $61.09B | $53.58B | $48.68B | $40.29B | $30.68B | $28.28B | $14.56B | $11.85B | $9.06B | $8.7B | $5.97B | $3.75B | $2.89B | $1.92B |
| Goodwill | $5.45B | $3.9B | $4.02B | $2.57B | $2.53B | $2.39B | $5.17B | $4.88B | $4.77B | $5.67B | $7.47B | $7.87B | $5.89B | $6.43B | $2.04B | $1.6B | $775.09M | $773.28M | $748.02M | $634M | $0 | $348.76M |
| Intangible Assets | $7.44B | $5.97B | $6.24B | $5.42B | $5.86B | $5.75B | $6.15B | $6B | $6.12B | $5.51B | $5.43B | $5.58B | $2.26B | $2.29B | $1.07B | $1.26B | $389.68M | $402.98M | $356.65M | $185.74M | $472.05M | $0 |
| Long-Term Investments | $3.8B | $3.27B | $3.22B | $2.89B | $2.95B | $3.06B | $3.64B | $2.82B | $2.9B | $3.23B | $3.65B | $3.85B | $4.41B | $4.78B | $1.52B | $1.37B | $663.3M | $10.11M | $1.5B | $663.25M | $0 | $8.01M |
| Deferred Tax Assets | $454M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $26.01M | $0 | $0 | $0 | -$1.5B | -$663.25M | $0 | $0 |
| Other Long-Term Assets | $2.38B | $2.02B | $1.73B | $1.56B | $1.65B | $1.66B | $1.57B | $1.01B | $886M | $4.23B | $730M | $742M | $544M | $1.52B | $248.91M | $13.97M | $0 | $0 | $56.72M | $53.06M | $92.14M | $111.28M |
| Total Long-Term Assets | $123.51B | $111.18B | $101.27B | $93.56B | $95.43B | $88.83B | $91.51B | $81.5B | $75.56B | $72.03B | $65.78B | $58.14B | $43.79B | $43.31B | $19.44B | $16.09B | $10.89B | $9.89B | $7.13B | $4.62B | $3.45B | $2.38B |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $141.74B | $125.38B | $113.7B | $105.64B | $105.96B | $95.14B | $98.97B | $88.25B | $86.25B | $78.92B | $71.19B | $64.28B | $50.33B | $48.9B | $20.9B | $17.38B | $12.16B | $11.07B | $8.18B | $5.92B | $4.92B | $2.87B |
| Liabilities | ||||||||||||||||||||||
| Current Liabilities | ||||||||||||||||||||||
| Accounts Payable | $9.51B | $8.32B | $6.68B | $6.97B | $6.83B | $2.84B | $4.15B | $3.55B | $4.72B | $3.54B | $2.3B | $3.37B | $3.85B | $3.12B | $545M | $448.91M | $397.69M | $416.43M | $721.13M | $603.85M | $819.22M | $237.14M |
| Short-Term Debt | $270M | $8M | $1B | $48M | $677M | $20M | $20M | $2.65B | $413M | $1.19B | $131M | $1.01B | $637M | $0 | $424.16M | $35.3M | $40.92M | $45.23M | $47.06M | $40.61M | $39.38M | $31.23M |
| Current Income Tax Payable | $0 | $737M | $646M | $519M | $384M | $446M | $263M | $256M | $288M | $201M | $76M | $290M | $215M | $249M | $94.11M | $0 | $0 | $14.3M | $252K | $0 | $0 | $2.25M |
| Current Unearned Revenue | $366M | $0 | $0 | $268M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $100.53M | $583.69M | $385.98M | $498.15M | $253.42M | $205.86M | $151.97M | $88.77M |
| Other Current Liabilities | $4.32B | $2.4B | $1.84B | $2.71B | $2.03B | $1.86B | $2.43B | $1.99B | $1.65B | $1.54B | $1.66B | $1.4B | $1.27B | $2.72B | $758.98M | $495.52M | $403.2M | $611.98M | $121.63M | $170.48M | $371.85M | $118.32M |
| Total Current Liabilities | $14.96B | $12.66B | $11.28B | $10.37B | $10.84B | $5.92B | $7.72B | $9.31B | $7.9B | $7.28B | $4.91B | $6.68B | $6.5B | $5.84B | $1.84B | $1.08B | $889.75M | $1.21B | $932.82M | $1.02B | $1.26B | $404.92M |
| Long-Term Liabilities | ||||||||||||||||||||||
| Long-Term Debt | $69.74B | $59.7B | $51.36B | $48.25B | $49.01B | $51.41B | $51B | $43.37B | $43.67B | $42.86B | $36.84B | $29.48B | $22.56B | $21.44B | $10.95B | $9.35B | $7.75B | $7.19B | $5.87B | $3.21B | $2.28B | $1.07B |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $5.76B | $4.19B | $3.93B | $3.7B | $3.65B | $3.43B | $3.21B | $2.93B | $3.31B | $5.11B | $4.59B | $4.41B | $3.87B | $3.57B | $217M | $0 | $204.37M | $194.87M | $199.93M | $207.88M | $215.12M | $216.73M |
| Other Long-Term Liabilities | $426M | $1.62B | $1.61B | $1.36B | $1.52B | $1.39B | $1.44B | $1.29B | $1.36B | $1.23B | $1.24B | $1.38B | $1.12B | $1.7B | $504M | $703.86M | $95.14M | $136.44M | $12.99M | $4.95M | $45.81M | $845K |
| Total Long-Term Liabilities | $77.53B | $66.29B | $57.7B | $54.12B | $55B | $57.07B | $56.57B | $47.59B | $48.35B | $49.17B | $42.63B | $35.23B | $27.52B | $26.71B | $11.67B | $10.05B | $8.05B | $7.52B | $5.41B | $3.42B | $2.54B | $1.29B |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $92.48B | $78.95B | $68.98B | $64.49B | $65.83B | $62.99B | $64.3B | $56.9B | $56.24B | $56.45B | $47.54B | $41.92B | $34.02B | $32.48B | $13.51B | $11.13B | $8.94B | $8.73B | $6.35B | $4.44B | $3.79B | $1.69B |
| Stockholders' Equity | ||||||||||||||||||||||
| Preferred Stock | $3.36B | $3.85B | $6.46B | $6.05B | $6.05B | $0 | $0 | $0 | $450M | $180M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $30.93B | $31.2B | $30.2B | $26.96B | $25.23B | $18.53B | $21.93B | $20.61B | $0 | $0 | $0 | $670M | $1.07B | $2.13B | $0 | $0 | $0 | $0 | -$4.44M | $0 | $772K | $0 |
| Retained Earnings | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Comprehensive Income & Other | $82M | $73M | $28M | $16M | $23M | $6M | -$11M | -$42M | $0 | $0 | $0 | -$5M | $9M | $0 | $678K | $4.8M | -$53.63M | -$67.83M | -$11.23M | $45.75M | -$88.91M | $11K |
| Other Stockholders' Equity | $3.44B | $3.92B | $6.49B | $6.07B | $6.07B | $6M | -$11M | -$42M | -$1.19B | -$1.69B | -$930M | -$5M | $9M | -$12M | $124.31M | $438.27M | $73.48M | $38.28M | -$42.7M | $45.75M | -$88.91M | -$368.31M |
| Total Equity | $34.37B | $35.12B | $36.68B | $33.03B | $31.3B | $18.54B | $21.92B | $20.56B | -$1.19B | -$1.69B | -$930M | $665M | $1.08B | $2.11B | $124.31M | $438.27M | $73.48M | $38.28M | -$47.13M | $45.75M | -$88.14M | -$368.31M |
| Minority Interest | $14.89B | $11.31B | $8.03B | $8.13B | $8.82B | $13.61B | $12.75B | $10.79B | $31.19B | $24.17B | $24.58B | $21.7B | $15.23B | $14.31B | $7.34B | $6.13B | $3.22B | $2.42B | $1.88B | $1.44B | $1.21B | $803.22M |
| Total Liabilities and Equity | $126.85B | $114.07B | $105.67B | $97.52B | $97.14B | $81.53B | $86.22B | $77.46B | $55.05B | $54.76B | $46.61B | $42.58B | $35.1B | $34.59B | $13.63B | $11.57B | $9.01B | $8.77B | $6.3B | $4.49B | $3.7B | $1.33B |
| Supplementary Data | ||||||||||||||||||||||
| Total Debt | $71.61B | $60.56B | $53.22B | $49.11B | $50.57B | $52.33B | $52.02B | $46.03B | $44.08B | $44.05B | $36.97B | $30.48B | $23.2B | $22.38B | $11.37B | $9.38B | $7.79B | $7.24B | $5.25B | $3.25B | $2.33B | $1.1B |
| Net Debt | $70.34B | $60.25B | $53.06B | $48.85B | $50.23B | $51.96B | $51.73B | $45.61B | $43.75B | $43.59B | $36.36B | $29.64B | $22.61B | $22.01B | $11.24B | $9.3B | $7.72B | $7.14B | $5.17B | $3.22B | $2.3B | $1.02B |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | 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 | 2007-08-31 | 2006-08-31 | 2005-08-31 | 2004-08-31 |
| Operating Activities | ||||||||||||||||||||||
| Net Income | $5.71B | $6.57B | $5.29B | $5.87B | $6.69B | $140M | $4.83B | $3.42B | $2.37B | $0 | $1.06B | $1.12B | $315M | $1.27B | $528M | $337M | $697.87M | $679.75M | $319.36M | $107.14M | $146.75M | $450.22M |
| Depreciation & Amortization | $5.68B | $5.17B | $4.38B | $4.16B | $3.82B | $3.68B | $3.15B | $2.86B | $2.55B | $2.22B | $1.95B | $1.72B | $1.31B | $871M | $586M | $406M | $325.02M | $274.37M | $198.07M | $133.59M | $111.7M | $58.49M |
| Deferred Income Tax | $178M | $276M | $203M | $187M | $141M | $210M | $217M | -$7M | -$1.87B | -$201M | $242M | -$50M | $43M | $51M | -$13.16M | $13.91M | $8.42M | -$8.18M | -$6.94M | -$6.72M | -$1.61M | -$5.41M |
| Stock-Based Compensation | $148M | $151M | $130M | $115M | $111M | $121M | $113M | $105M | $99M | $70M | $91M | $82M | $61M | $47M | $42M | $31M | $25.83M | $25.55M | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | ||||||||||||||||||||||
| Accounts Receivable | -$46M | -$760M | -$176M | -$840M | -$3.32B | $873M | -$542M | $703M | -$924M | -$1.08B | $851M | $630M | -$500M | $272M | -$17M | $67M | $24.18M | $215.98M | $45.56M | $203.95M | -$263.56M | -$101.97M |
| Inventory | -$717M | -$735M | $35M | -$361M | -$19M | -$271M | -$19M | $237M | $58M | -$480M | -$212M | $51M | -$254M | -$258M | $51M | $15M | -$101.59M | $96.14M | $196.17M | -$83.45M | -$116.89M | $35.46M |
| Accounts Payable | -$346M | $1.28B | -$539M | $31M | $3.8B | -$960M | $114M | -$968M | $534M | $1.11B | -$670M | -$845M | $401M | -$897M | $27M | -$77M | -$11.84M | -$309.72M | $0 | $0 | $0 | $0 |
| Other Working Capital | -$867M | $19M | $229M | -$332M | $52M | $405M | $56M | $262M | $140M | $279M | -$841M | -$67M | $204M | $332M | $97M | $255M | -$259.39M | $129.17M | $6.36M | -$220.88M | $220.66M | $76.91M |
| Total Working Capital Change | -$1.98B | -$196M | -$451M | -$1.5B | $515M | $47M | -$391M | $234M | -$192M | -$179M | -$872M | -$231M | -$149M | -$551M | $158M | $260M | -$348.64M | $131.57M | $248.1M | -$100.38M | -$159.78M | $10.39M |
| Other Non-Cash Items | $409M | -$455M | -$6M | $219M | -$109M | $3.17B | $145M | $895M | $1.47B | $1.39B | $506M | $526M | $836M | -$614M | $77.16M | $40.09M | $14.95M | $40.64M | -$4.1M | $177.15M | -$58.92M | -$391.59M |
| Net Cash from Operating | $10.15B | $11.51B | $9.55B | $9.05B | $11.16B | $7.36B | $8.06B | $7.51B | $4.43B | $3.32B | $2.98B | $3.17B | $2.42B | $1.08B | $1.38B | $1.09B | $723.46M | $1.14B | $754.5M | $310.78M | $38.13M | $122.1M |
| Investing Activities | ||||||||||||||||||||||
| Capital Expenditures | -$6.3B | -$4.16B | -$3.13B | -$3.38B | -$2.82B | -$5.13B | -$5.96B | -$7.41B | -$8.44B | -$8.09B | -$9.39B | -$5.38B | -$3.5B | -$3.27B | -$1.81B | -$1.51B | -$748.62M | -$2.05B | -$1.1B | -$680.16M | -$196.46M | -$109.69M |
| Acquisitions | -$2.26B | -$2.83B | -$1.33B | -$839M | -$209M | -$38M | -$299M | $6M | $2.63B | -$1.64B | -$945M | -$1.81B | $946M | -$1.37B | -$2.12B | -$437.84M | $30.37M | -$84.78M | -$90.69M | -$586.18M | -$1.13B | -$622.93M |
| Purchases of Investments | $0 | -$84M | $0 | $0 | -$4M | -$38M | -$523M | -$26M | -$268M | -$68M | -$45M | -$334M | -$3M | -$37M | $0 | $0 | $0 | $19.42M | -$993.87M | -$4.65M | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $4M | $38M | $0 | $7.41B | $3.48B | -$7.87B | $9.39B | $5.38B | $3.5B | $3.27B | $0 | $0 | $0 | $54.53M | $0 | $6.94M | $0 | $0 |
| Other Investing Activities | $191M | $1.17B | $135M | $198M | $256M | $270M | $98M | -$7.05B | -$3B | $8.2B | -$9.1B | -$4.65B | -$3.29B | -$2.79B | $58.65M | $117.84M | -$627.5M | $50.05M | $23.14M | $19.65M | $194.55M | $786K |
| Net Cash from Investing | -$8.37B | -$5.9B | -$4.33B | -$4.02B | -$2.77B | -$4.9B | -$6.68B | -$7.08B | -$5.61B | -$9.47B | -$10.09B | -$6.79B | -$2.35B | -$4.2B | -$3.87B | -$1.83B | -$1.35B | -$2.02B | -$2.16B | -$1.24B | -$1.13B | -$731.83M |
| Financing Activities | ||||||||||||||||||||||
| Debt Repaid | -$4.82B | -$4.74B | -$714M | $843M | $6.05B | -$307M | -$2.48B | -$53M | -$85M | -$6.97B | -$6.63B | -$4.49B | -$983M | -$4.02B | -$2B | -$311M | -$522.02M | -$1.29B | -$680.53M | -$928.75M | -$1.22B | -$383.9M |
| Common Stock Issuance | $0 | $0 | $0 | $0 | $889M | $1.58B | $780M | $1.4B | $3.8B | $2.56B | $3.89B | $3.06B | $1.76B | $1.1B | $1.9B | $1.55B | $936.34M | $373.06M | $372.43M | $473.98M | $507.72M | $528.13M |
| Common Stock Repurchases | $0 | -$3.47B | $0 | $0 | -$31M | $0 | -$25M | -$24M | -$53M | $0 | -$1.06B | -$1B | -$340M | $0 | $0 | $0 | $0 | $0 | $0 | -$369.44M | $0 | $0 |
| Dividends Paid | -$4.72B | -$4.62B | -$4.25B | -$3.05B | -$1.9B | -$2.8B | -$3.05B | -$1.68B | -$1.01B | -$1.02B | -$1.09B | -$819M | -$731M | -$666M | -$526M | -$483M | -$469.2M | -$434.52M | -$87.17M | -$101.26M | -$666.75M | -$263.77M |
| Other Financing Activities | -$1.88B | -$2.1B | -$1.79B | -$1.22B | -$438M | -$1.47B | -$1.66B | -$1.28B | -$1.87B | -$29M | -$1.58B | -$2.85B | -$106M | -$1.1B | -$785.18M | -$2.06M | -$390.57M | $0 | $488.95M | -$5.67M | -$28.89M | $0 |
| Net Cash from Financing | -$816M | -$5.45B | -$5.33B | -$5.11B | -$8.42B | -$2.39B | -$1.6B | -$3.08B | $953M | $5.93B | $6.79B | $3.88B | $146M | $3.36B | $2.54B | $761.05M | $598.59M | $1.23B | $1.45B | $926.37M | $1.03B | $637.51M |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2.73B | $93M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $960M | $151M | -$96M | -$79M | -$31M | $76M | -$128M | $83M | -$131M | -$123M | -$241M | $257M | $218M | $246M | $40.08M | $17.95M | -$23.71M | $35.47M | $51.15M | -$7.25M | -$49.39M | $27.78M |
| Supplementary Data | ||||||||||||||||||||||
| Operating Cash Flow | $10.15B | $11.51B | $9.55B | $9.05B | $11.16B | $7.36B | $8.15B | $7.51B | $4.43B | $3.42B | $3.07B | $3.17B | $2.42B | $1.08B | $1.38B | $1.09B | $723.46M | $823.76M | $754.5M | $310.78M | $56.45M | $122.1M |
| Capital Expenditure | -$6.3B | -$4.16B | -$3.13B | -$3.38B | -$2.82B | -$5.13B | -$5.96B | -$7.41B | -$8.44B | -$8.09B | -$9.39B | -$5.38B | -$3.5B | -$3.27B | -$1.81B | -$1.51B | -$748.62M | -$2.05B | -$1.1B | -$680.16M | -$196.46M | -$109.69M |
| Free Cash Flow | $3.85B | $7.34B | $6.42B | $5.67B | $8.34B | $2.23B | $2.19B | $99M | -$4.01B | -$4.67B | -$6.32B | -$2.21B | -$1.09B | -$2.19B | -$433.54M | -$423.1M | -$25.16M | -$1.23B | -$342.17M | -$369.38M | -$140.01M | $12.41M |
| Cash at Beginning | $312M | $161M | $257M | $336M | $367M | $291M | $419M | $336M | $467M | $606M | $847M | $590M | $372M | $126M | $86.26M | $68.31M | $92.02M | $56.56M | $26.2M | $33.46M | $82.85M | $55.07M |
| Cash at End | $1.27B | $312M | $161M | $257M | $336M | $367M | $291M | $419M | $336M | $483M | $606M | $847M | $590M | $372M | $126.34M | $86.26M | $68.31M | $92.02M | $77.35M | $26.2M | $33.46M | $82.85M |