Income Statement
Balance Sheet
Cash Flow
| Line Item | FY 2025Dec 31, 2025 | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|---|
| Total Revenue | 65.2B | 53.5B | 43.6B | 53.3B | -- |
| Revenue Growth % | 21.9% | 22.5% | -18.1% | -- | -- |
| Operating Revenue | 65.2B | 53.5B | 43.6B | 53.3B | -- |
| Cost Of Revenue | 43.7B | 34.2B | 26.0B | 36.9B | -- |
| Gross Profit | 21.5B | 19.3B | 17.7B | 16.4B | -- |
| Gross Margin % | 33.0% | 36.0% | 40.5% | 30.8% | -- |
| Selling General And Administration | -- | -- | -135.0M | -239.0M | -150.0M |
| General And Administrative Expense | -- | -- | -135.0M | -239.0M | -150.0M |
| Other Operating Expenses | 10.0B | 9.4B | 8.6B | 8.2B | -- |
| Operating Expense | 10.0B | 9.4B | 8.6B | 8.2B | -- |
| Operating Income | 11.5B | 9.8B | 9.1B | 8.2B | -- |
| Operating Margin % | 17.7% | 18.4% | 20.8% | 15.4% | -- |
| EBIT | 14.8B | 11.7B | 11.7B | 7.8B | -- |
| Interest Expense | 5.0B | 4.4B | 3.9B | 3.2B | -- |
| Interest Expense Non Operating | 5.0B | 4.4B | 3.9B | 3.2B | -- |
| Net Interest Income | -5.0B | -4.4B | -3.8B | -3.2B | -- |
| Other Income Expense | 3.3B | 1.9B | 2.6B | -463.0M | -- |
| Other Non Operating Income Expenses | 926.0M | 752.0M | 532.0M | 413.0M | -- |
| Special Income Charges | -570.0M | 901.0M | -419.0M | -1.9B | -- |
| Restructuring And Mergern Acquisition | -- | 0.00 | 0.00 | -1.1B | 0.00 |
| Write Off | -- | -- | -- | 0.00 | 111.0M |
| Gain On Sale Of Security | 708.0M | -2.1B | 692.0M | -1.0B | -- |
| Earnings From Equity Interest | 2.2B | 2.3B | 1.8B | 2.1B | -- |
| Pretax Income | 9.8B | 7.3B | 7.9B | 4.5B | -- |
| Tax Provision | 2.0B | 1.7B | 1.8B | 1.6B | -- |
| Tax Effect Of Unusual Items | 28.3M | -269.5M | 63.1M | -1.0B | -- |
| Net Income From Continuing And Discontinued Operation | 7.5B | 5.4B | 6.2B | 3.0B | -- |
| Net Income From Continuing Operation Net Minority Interest | 7.5B | 5.4B | 6.2B | 3.0B | -- |
| Net Income Including Noncontrolling Interests | 7.8B | 5.6B | 6.1B | 2.9B | -- |
| Minority Interests | -298.0M | -190.0M | 133.0M | 65.0M | -- |
| Net Income Common Stockholders | 7.1B | 5.1B | 5.8B | 2.6B | -- |
| Net Margin % | 10.8% | 9.4% | 13.4% | 4.9% | -- |
| Net Income | 7.5B | 5.4B | 6.2B | 3.0B | -- |
| EBITDA | 20.4B | 16.9B | 16.3B | 12.1B | -- |
| Normalized EBITDA | 20.3B | 18.0B | 16.1B | 15.0B | -- |
| Reconciled Depreciation | 5.7B | 5.2B | 4.6B | 4.3B | -- |
| Basic EPS | 3.23 | 2.34 | 2.84 | 1.28 | -- |
| Diluted EPS | 3.22 | 2.34 | 2.84 | 1.28 | -- |
| Basic Average Shares | 2.2B | 2.2B | 2.1B | 2.0B | -- |
| Diluted Average Shares | 2.2B | 2.2B | 2.1B | 2.0B | -- |
| Total Unusual Items | 138.0M | -1.2B | 273.0M | -2.9B | -- |
| Total Unusual Items Excluding Goodwill | 138.0M | -1.2B | 273.0M | -2.9B | -- |
| Tax Rate For Calcs | 0.20 | 0.23 | 0.23 | 0.35 | -- |
| Normalized Income | 7.4B | 6.3B | 6.0B | 4.9B | -- |
| Diluted NI Availto Com Stockholders | 7.1B | 5.1B | 5.8B | 2.6B | -- |
| Gain On Sale Of Business | 0.00 | 1.1B | 0.00 | 0.00 | -- |
| Gain On Sale Of Ppe | -- | -- | 15.0M | -12.0M | 319.0M |
| Impairment Of Capital Assets | 570.0M | 190.0M | 419.0M | 3.0B | -- |
| Net Income Continuous Operations | 7.8B | 5.6B | 6.1B | 2.9B | -- |
| Net Non Operating Interest Income Expense | -5.0B | -4.4B | -3.8B | -3.2B | -- |
| Other Gand A | -- | -- | -- | 8.2B | 6.7B |
| Preferred Stock Dividends | 419.0M | 388.0M | 352.0M | 414.0M | -- |
| Reconciled Cost Of Revenue | 43.7B | 34.2B | 26.0B | 36.9B | -- |
| Salaries And Wages | -- | -- | -135.0M | -239.0M | -150.0M |
| Total Expenses | 53.7B | 43.6B | 34.6B | 45.1B | -- |
| Total Operating Income As Reported | 11.0B | 9.6B | 8.7B | 5.2B | -- |
| Total Other Finance Cost | 31.0M | 18.0M | -45.0M | -45.0M | -- |
| Line Item | FY 2025Dec 31, 2025 | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|---|
| Cash And Cash Equivalents | 1.1B | 1.8B | 5.9B | 861.0M | -- |
| Cash Cash Equivalents And Short Term Investments | 1.1B | 1.8B | 5.9B | 861.0M | -- |
| Accounts Receivable | 7.1B | 6.9B | 4.4B | 5.6B | -- |
| Receivables | 7.5B | 7.4B | 4.8B | 6.1B | -- |
| Inventory | 1.6B | 1.5B | 1.5B | 2.3B | -- |
| Other Current Assets | 2.3B | 1.8B | 1.5B | 1.9B | -- |
| Current Assets | 13.2B | 13.2B | 14.4B | 12.1B | -- |
| Gross PPE | 172.7B | 169.1B | 137.2B | 134.0B | -- |
| Accumulated Depreciation | -41.1B | -38.0B | -32.6B | -29.5B | -- |
| Net PPE | 131.6B | 131.1B | 104.6B | 104.5B | -- |
| Goodwill | 35.3B | 36.6B | 31.8B | 32.4B | -- |
| Goodwill And Other Intangible Assets | 39.3B | 41.2B | 35.4B | 36.5B | -- |
| Other Intangible Assets | 4.0B | 4.6B | 3.5B | 4.0B | -- |
| Investments And Advances | 21.3B | 20.7B | 16.8B | 15.9B | -- |
| Long Term Equity Investment | -- | -- | 16.2B | 15.3B | 13.0B |
| Other Investments | -- | -- | 173.0M | 101.0M | 52.0M |
| Other Non Current Assets | 12.4B | 12.0B | 8.8B | 10.1B | -- |
| Total Non Current Assets | 205.3B | 205.8B | 165.9B | 167.5B | -- |
| Total Assets | 218.5B | 219.0B | 180.3B | 179.6B | -- |
| Current Debt | 6.3B | 8.4B | 6.5B | 8.0B | -- |
| Current Debt And Capital Lease Obligation | 6.3B | 8.4B | 6.5B | 8.0B | -- |
| Accounts Payable | 7.6B | 7.1B | 4.3B | 6.2B | -- |
| Payables | 10.6B | 10.1B | 6.9B | 8.8B | -- |
| Payables And Accrued Expenses | 11.8B | 11.4B | 7.9B | 9.5B | -- |
| Current Accrued Expenses | 1.2B | 1.2B | 958.0M | 763.0M | -- |
| Current Deferred Revenue | 1.2B | 1.1B | 1.2B | 1.1B | -- |
| Other Current Liabilities | 1.6B | 2.8B | 1.8B | 1.7B | -- |
| Current Liabilities | 21.0B | 23.8B | 17.4B | 20.3B | -- |
| Long Term Debt | 99.0B | 93.4B | 74.7B | 72.9B | -- |
| Long Term Debt And Capital Lease Obligation | 99.0B | 93.4B | 74.7B | 72.9B | -- |
| Other Non Current Liabilities | 12.3B | 13.3B | 8.7B | 9.2B | -- |
| Total Non Current Liabilities Net Minority Interest | 132.3B | 126.3B | 98.4B | 95.9B | -- |
| Total Liabilities Net Minority Interest | 153.3B | 150.1B | 115.8B | 116.2B | -- |
| Common Stock | 71.9B | 71.7B | 69.2B | 64.8B | -- |
| Capital Stock | 78.7B | 78.6B | 76.0B | 71.6B | -- |
| Additional Paid In Capital | 242.0M | 275.0M | 268.0M | 275.0M | -- |
| Retained Earnings | -21.3B | -20.0B | -17.1B | -15.5B | -- |
| Gains Losses Not Affecting Retained Earnings | 4.7B | 7.1B | 2.3B | 3.5B | -- |
| Other Equity Adjustments | 4.7B | 7.1B | 2.3B | 3.5B | -- |
| Common Stock Equity | 55.5B | 59.1B | 54.6B | 53.1B | -- |
| Stockholders Equity | 62.3B | 65.9B | 61.5B | 59.9B | -- |
| Total Equity Gross Minority Interest | 65.2B | 68.9B | 64.5B | 63.4B | -- |
| Minority Interest | 2.9B | 3.0B | 3.0B | 3.5B | -- |
| Total Capitalization | 161.3B | 159.3B | 136.2B | 132.8B | -- |
| Net Tangible Assets | 23.0B | 24.7B | 26.1B | 23.4B | -- |
| Tangible Book Value | 16.2B | 17.9B | 19.3B | 16.6B | -- |
| Working Capital | -7.8B | -10.6B | -3.0B | -8.2B | -- |
| Invested Capital | 160.8B | 160.9B | 135.8B | 134.0B | -- |
| Total Debt | 105.3B | 101.8B | 81.2B | 81.0B | -- |
| Net Debt | 104.2B | 100.0B | 75.3B | 80.1B | -- |
| Share Issued | 2.2B | 2.2B | 2.1B | 2.0B | -- |
| Ordinary Shares Number | 2.2B | 2.2B | 2.1B | 2.0B | -- |
| Available For Sale Securities | -- | -- | 430.0M | 488.0M | 290.0M |
| Construction In Progress | 7.2B | 5.6B | 2.8B | 2.3B | -- |
| Current Deferred Liabilities | 1.2B | 1.1B | 1.2B | 1.1B | -- |
| Current Provisions | 113.0M | 120.0M | 136.0M | -- | -- |
| Dividends Payable | 2.1B | 2.1B | 2.0B | 1.8B | -- |
| Duefrom Related Parties Current | 86.0M | 90.0M | 85.0M | 114.0M | -- |
| Dueto Related Parties Current | 38.0M | 22.0M | 26.0M | 105.0M | -- |
| Finished Goods | 1.4B | 1.3B | 1.4B | 2.1B | -- |
| Hedging Assets Current | 591.0M | 557.0M | 623.0M | 1.0B | -- |
| Interest Payable | 1.2B | 1.2B | 958.0M | 763.0M | -- |
| Investmentin Financial Assets | -- | -- | 430.0M | 488.0M | 290.0M |
| Investments In Other Ventures Under Equity Method | -- | -- | 110.0M | 107.0M | 106.0M |
| Investmentsin Associatesat Cost | -- | -- | 11.7B | 10.7B | 9.5B |
| Investmentsin Joint Venturesat Cost | -- | -- | 217.0M | 314.0M | 309.0M |
| Investmentsin Subsidiariesat Cost | -- | -- | 4.1B | 4.2B | 3.1B |
| Land And Improvements | 4.3B | 4.2B | 3.6B | 3.6B | -- |
| Machinery Furniture Equipment | 44.1B | 43.4B | 37.6B | 37.0B | -- |
| Non Current Deferred Assets | 701.0M | 796.0M | 341.0M | 472.0M | -- |
| Non Current Deferred Liabilities | 20.3B | 19.6B | 15.0B | 13.8B | -- |
| Non Current Deferred Taxes Assets | 701.0M | 796.0M | 341.0M | 472.0M | -- |
| Non Current Deferred Taxes Liabilities | 20.3B | 19.6B | 15.0B | 13.8B | -- |
| Other Current Borrowings | 6.3B | 8.4B | 6.5B | 8.0B | -- |
| Other Inventories | 172.0M | 198.0M | 128.0M | 112.0M | -- |
| Other Payable | -- | -- | -- | 1.7B | 844.0M |
| Other Properties | 117.1B | 115.8B | 93.1B | 91.0B | -- |
| Other Receivables | -- | -- | -- | 1.3B | 710.0M |
| Preferred Securities Outside Stock Equity | 736.0M | 0.00 | -- | -- | -- |
| Preferred Shares Number | 277.0M | 277.0M | 277.0M | 277.0M | -- |
| Preferred Stock | 6.8B | 6.8B | 6.8B | 6.8B | -- |
| Preferred Stock Equity | 6.8B | 6.8B | 6.8B | 6.8B | -- |
| Properties | -- | -- | -- | -- | 86.1B |
| Raw Materials | -- | -- | -- | -- | 1.6B |
| Receivables Adjustments Allowances | -- | -- | -- | -92.0M | -87.0M |
| Restricted Cash | 83.0M | 92.0M | 84.0M | 46.0M | -- |
| Taxes Receivable | 346.0M | 375.0M | 347.0M | 323.0M | -- |
| Total Tax Payable | 901.0M | 959.0M | 596.0M | 683.0M | -- |
| Treasury Shares Number | -- | -- | 0.00 | -- | -- |
| Line Item | FY 2025Dec 31, 2025 | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|---|
| Operating Cash Flow | 12.3B | 12.6B | 14.2B | 11.2B | -- |
| Cash Flow From Continuing Operating Activities | 12.3B | 12.6B | 14.2B | 11.2B | -- |
| Depreciation And Amortization | 5.7B | 5.2B | 4.6B | 4.3B | -- |
| Depreciation Amortization Depletion | 5.7B | 5.2B | 4.6B | 4.3B | -- |
| Deferred Tax | 1.0B | 719.0M | 1.4B | 957.0M | -- |
| Deferred Income Tax | 1.0B | 719.0M | 1.4B | 957.0M | -- |
| Change In Working Capital | -1.4B | -133.0M | 2.3B | -12.0M | -- |
| Changes In Account Receivables | -519.0M | -1.7B | 1.1B | -555.0M | -- |
| Change In Receivables | -519.0M | -1.7B | 1.1B | -555.0M | -- |
| Change In Inventory | -166.0M | 177.0M | 763.0M | -599.0M | -- |
| Change In Payables And Accrued Expense | 329.0M | 1.5B | -1.4B | 659.0M | -- |
| Change In Payable | 383.0M | 1.4B | -1.6B | 601.0M | -- |
| Change In Other Working Capital | -- | -- | 23.0M | 1.0M | -195.0M |
| Change In Other Current Assets | -89.0M | -426.0M | 1.3B | -394.0M | -- |
| Change In Other Current Liabilities | -960.0M | 245.0M | 513.0M | 877.0M | -- |
| Other Non Cash Items | 122.0M | 218.0M | 378.0M | -1.0B | -- |
| Capital Expenditure | -9.2B | -6.9B | -4.9B | -4.8B | -- |
| Purchase Of Business | 0.00 | -13.5B | -954.0M | -828.0M | -- |
| Sale Of Business | 349.0M | 2.7B | 0.00 | 522.0M | -- |
| Purchase Of Investment | -- | -- | -1.3B | -1.0B | -640.0M |
| Net Investment Purchase And Sale | -2.3B | -3.4B | -1.3B | -1.0B | -- |
| Investing Cash Flow | -10.5B | -20.4B | -6.0B | -5.3B | -- |
| Cash Flow From Continuing Investing Activities | -10.5B | -20.4B | -6.0B | -5.3B | -- |
| Issuance Of Debt | 11.0B | 9.6B | 15.4B | 7.5B | -- |
| Repayment Of Debt | -6.8B | -6.6B | -4.8B | -4.2B | -- |
| Net Issuance Payments Of Debt | 5.9B | 9.7B | 876.0M | 2.5B | -- |
| Issuance Of Capital Stock | 28.0M | 2.5B | 4.5B | 3.0M | -- |
| Repurchase Of Capital Stock | 0.00 | 0.00 | -125.0M | -1.2B | -- |
| Net Common Stock Issuance | 28.0M | 2.5B | 4.3B | -148.0M | -- |
| Common Stock Dividend Paid | -8.2B | -7.9B | -7.3B | -7.0B | -- |
| Common Stock Payments | 0.00 | 0.00 | -125.0M | -151.0M | -- |
| Financing Cash Flow | -2.4B | 3.5B | -2.9B | -5.4B | -- |
| Cash Flow From Continuing Financing Activities | -2.4B | 3.5B | -2.9B | -5.4B | -- |
| Effect Of Exchange Rate Changes | -47.0M | 234.0M | -216.0M | 55.0M | -- |
| Changes In Cash | -633.0M | -4.2B | 5.3B | 532.0M | -- |
| Beginning Cash Position | 2.0B | 6.0B | 907.0M | 320.0M | -- |
| End Cash Position | 1.3B | 2.0B | 6.0B | 907.0M | -- |
| Free Cash Flow | 3.1B | 5.7B | 9.3B | 6.4B | -- |
| Income Tax Paid Supplemental Data | 1.2B | 861.0M | 578.0M | 495.0M | -- |
| Interest Paid Supplemental Data | 4.9B | 4.1B | 3.4B | 2.9B | -- |
| Asset Impairment Charge | 570.0M | 190.0M | 419.0M | 3.0B | -- |
| Capital Expenditure Reported | -9.0B | -6.7B | -4.7B | -4.6B | -- |
| Cash Dividends Paid | -8.6B | -8.3B | -7.6B | -7.3B | -- |
| Change In Account Payable | 383.0M | 1.4B | -1.6B | 601.0M | -- |
| Change In Accrued Expense | -54.0M | 157.0M | 199.0M | 58.0M | -- |
| Change In Interest Payable | -54.0M | 157.0M | 199.0M | 58.0M | -- |
| Common Stock Issuance | 28.0M | 2.5B | 4.5B | 3.0M | -- |
| Dividend Received Cfo | 2.1B | 2.1B | 2.0B | 1.8B | -- |
| Dividends Received Cfi | 681.0M | 785.0M | 1.2B | 763.0M | -- |
| Earnings Losses From Equity Investments | -2.2B | -2.3B | -1.8B | -2.1B | -- |
| Gain Loss On Investment Securities | -1.3B | 2.1B | -1.2B | 1.3B | -- |
| Gain Loss On Sale Of Business | 0.00 | -1.1B | 0.00 | 0.00 | -- |
| Long Term Debt Issuance | 11.0B | 9.6B | 15.4B | 7.5B | -- |
| Long Term Debt Payments | -6.8B | -6.6B | -4.8B | -4.2B | -- |
| Net Business Purchase And Sale | 349.0M | -10.7B | -954.0M | -306.0M | -- |
| Net Income From Continuing Operations | 7.8B | 5.6B | 6.1B | 2.9B | -- |
| Net Intangibles Purchase And Sale | -192.0M | -219.0M | -222.0M | -174.0M | -- |
| Net Long Term Debt Issuance | 4.1B | 3.0B | 10.6B | 3.3B | -- |
| Net Other Financing Charges | 266.0M | -369.0M | -437.0M | 532.0M | -- |
| Net Other Investing Changes | -46.0M | -54.0M | -88.0M | 135.0M | -- |
| Net Preferred Stock Issuance | -- | 0.00 | 0.00 | -1.0B | -415.0M |
| Net Short Term Debt Issuance | 1.8B | 6.7B | -9.8B | -852.0M | -- |
| Operating Gains Losses | -3.6B | -1.3B | -3.0B | -776.0M | -- |
| Preferred Stock Dividend Paid | -419.0M | -387.0M | -352.0M | -338.0M | -- |
| Preferred Stock Payments | -- | 0.00 | 0.00 | -1.0B | -415.0M |
| Purchase Of Intangibles | -192.0M | -219.0M | -222.0M | -174.0M | -- |
| Short Term Debt Issuance | -- | -- | -- | -- | 3.4B |